it's moving here but not hardly any birds squirrels you know. what's going on here. concrete on our chief. part of the taj itself there it feel the sting of growing concern that the u.s. instead largest economy could become the latest victim. also this hour nazi palestine is expected to push for a vote on the u.n. statehood even if it loses the pits opponents to justify their decision with your police will be dictated by the u.s. . and western corporations the centerpoint oil rich libya seeking to exploit the riches left following bombing mission our top stories this hour. and a russian court has handed spoiled major when it is legal battle with minority

shareholders it is russian oil think that the people who are in business in trying to minutes. international news in comment from this is r.t. with twenty four hours a day italy has lashed its perceived lethargic bureaucracy into action as it seeks to rush a critical story of the package through both houses of parliament the nation's president has promised once the law is passed him silvio berlusconi will resign and his possible successor being a former e.u. commissioner when of course is in rome with more from the. a lot of the people a lot of the m.p.'s we've been speaking to here in the last couple of days they want to send a very clear message to the markets to the international community that they can take decisive action now at a very critical moment and it's lead history now we saw that they posses reasonably

easily today hundred fifty six days to twelve that is expected tomorrow that similar things going to happen in their final approval will be given in the lower house and not of course with them pave the way for prime minister berlusconi to step aside as he wants a reforms had been passed and at that point his thought that the italian president will try to appoint new has and is some sort of technocratic government will be formed things happen very quickly from what we've been hearing as he said the emphasis really head now is on decisive action and the front runner that's emerged recently is a man named mary muncie he's a former eak mission and he says they've noticed among politicians here that amongst you is a need is well he's got very close links with brussels he's told to be the man he can lead the way three this crisis situation is leave now finds itself by no means is any government going to be a quick fix to all the problems that is essential at this moment the some form of

action is taken to send a strong message next week to try and stem a lot of that uncertainty mistrust and political guidance here in the country that we've seen from the markets and from the international community and as he said mary months is a safe release so the italian president making quite a lot of chest me when he points to understand it's a polite now that's made him a much more appealing candidate the m.p.'s much more politically viable to take the top spot and we've also seen the top spot in greece taken by former e.c.b. official you've now got very monti possibly carrying out state the top spot but he's. there is that the concern amongst the public in these countries that what you're saying. as an extension of process in this issue really that is what's happening again b m p's that we're speaking he was saying that this technocratic government now is really good it is pushing through these harsh measures just getting them off the ground because they've been long promised and have failed to

materialize and that's really what's needed to stay now from the year is a leading cause notice actually that the entire u.s. and egypt right now looking extremely uncertain but the public very concerned about the losses the credit say about whether the new government to going to be acting in their country's interest here in italy is still to this very harsh reforms that not only have to be passed but they don't have to be influenced so it is one thing to put in place this year across here going to a peace process rather quite another to gain a public support to be seen in the past basically on countries like greece a loss of public support can really have a very significant impact in d.c. by no means it's league game to be out of the words so when i need government is formed it's expected to happen as early as saturday then not out of the woods yet there's still a long way to get the funds out of the very critical point in the future and there's a lot that needs to be done we've been taking a closer look at these economy. the italian

brand has always seemed to be going strong. divest business press is. it in fashion it's a country that connally wise is used to seeing is best for. the recently at least in this economy stagnating has now become the latest country right into the center of the eurozone crisis. easily has a strong economy and is on it could have. been far better than it is now it's legal now face a similar fate these countries having to seek emergency care laos despite being one of the year isn't largest economies we're not greece we're not greece because we have a lot of savings we are not greece because we have been very prudent in this recession we haven't done big deficits and this refreshment might not be greece but with a man that soaring boring costs just how did italy end up in this situation right

now nobody's spending nobody's spending in all or all of europe consumers are not spending they are saving they're scared to death of what's going to happen meeting here is a demands to meet jesus that tough reforms has been a large part of what's made beating growth in the country so you typically take the now kindled a new government being able to bring about positive change we have had too many years of leadership that was not credible outside and very divisive insights i don't think it's only an italian problem i mean there's quite some support for saying that mr berlusconi was not able to deliver what he promised i think there might be a transfer some of the year of. that's not going to be enough. we need support from europe otherwise everybody on its own and that's the scariest part of the situation in italy right now the euro thing faces its biggest challenge yet it's unclear

whether they like details of a peaceful and culturally united europe can survive the failure to adapt and to find decisive leadership at this point and they do. in ruins. the new greek prime minister lucas papademos has been sworn in as the head of a unity government and makeup of his new cabinet was also announced on state television after this. the former banker and european central bank vice president's immediate task will be to implement yet more austerity measures in return for continued e.u. bailout payments which the private owner says vowed to do all he can to bring greece's finances under control and promise to keep the country in the euro zone and john laughlin the director of studies at the paris institute of democracy incorporation believes brussels has escaped much of the blame for the blocs debt crisis. these people who have taken power in greece and surely to our initially

have never been elected these are men who have made their entire careers through garnering an important appointment in cases like the european commission or the european central bank they have no democratic mandate at all and precisely what is so frightening about what is happening in nothing is the european union and the euro enters its death agonies because that's what i think it is is the way in which the european union really is showing and i say this without any eight hundred fifty it's true nature as a dictatorship after all it is europe which has effectively commanded these two prime ministers to leave office andrew had to leave office the moment he suggested a referendum on the get package and berlusconi had to leave office the moment he said that italians would become poor under the euro so we're seeing really a very ugly development now and you are of course the governments are responsible for the crisis but there is a code responsible element and that is the euro itself and they only need bailouts from the european union because they don't have the option of people you actually

don't have the option of managing their own economic and monetary affairs i'm absolutely convinced that the euro project is at an end i can't say when it's going to break down but it is written and yes there's been financial irresponsibility in greece and italy but the situation has been made worse world catastrophic by their membership of the euro zone lochlyn there are to live here in moscow within twenty four hours a day still ahead this hour. on to the teeth syrian authorities ringing the alarm bells over an increased amount of weapons being smuggled into the country to extremist factions fighting the regime. and we delve deeper into the pauses of a vicious circle in ukraine weapons all protests and brawls are a daily reality no matter who holds the reins of power. a story still to come. first nato may have finished its bombing mission in libya but now there's a full scale western invasion energy corporations are queuing up to do business

with the new government which is rewarding the military victory with lucrative oil and gas contracts and artie's laura smith looks at how the harvest of war is being reached. first british poms tourists apart now british companies will get paid to put it back together libya is open for business and u.k. firms are being encouraged to join the gold rush is a relatively wealthy country with oil reserves and i expect that there will be opportunities for british and indeed other countries companies to get involved in the reconstruction of libya philip hammond is urging c.e.o.'s and sales directors to pack their suitcases and head to the north african country the u.k.'s bill for its part in the nato intervention in libya is estimated at just under five hundred million dollars but according to the u.k. department of trade and investment the value of contracts to rebuild libya in areas

ranging from electricity and water supplies to health care and education could amounts to upwards of three hundred billion dollars over the next ten years and the british government will make sure it takes in leading role in that so just as it did in the war and that's raising more questions about the u.k.'s motives in playing such a big role in the recent conflict john hillery of war on once says it has shades of post-war iraq when companies from countries involved in the allied invasion were awarded all the best gigs. the contract. journalist john pilger says there was evidence of battering before nato even got involved a transitional council told the french. they would give charge over tea party will share. it with you should watch over.

the u.k. department for trade and investment already has staff on the ground in libya ready to welcome companies. awarded contracts wanting to get in on the action or oil shell and b.p. shares rose on the news they were talking to the transitional government's engineering firms and mark macdonald also reportedly keen but the latter refused to put up a spokesman when asked preferring instead to send basic statements which critics say is a new tactic to avoid defending their ethics it's better than the half of them being involved in any form of public discussion of life around the world. so far the conflict in libya looks like an excellent investment half a billion dollars to oust a dictator with a return of three hundred billion in business contracts when it's all over now the humanitarian goals no longer need to be touted wall suddenly makes great business

sense nor a smith r.t. london. russia is calling on the syrian opposition to stop aligning itself with extremist gangs which are smuggling weapons into the country only triggering more violence this comes amid an increase in illegal shipments of arms ammunition and military supplies from neighboring lebanon over the last few months what are the scars the dangers this may pose joined live by middle east expert profession kathy thank you very much indeed for being with us martina syrian authorities say the country is being flooded with weapons from outside and we just heard that some of them are coming indeed from lebanon so who's organizing this and where else could they be coming from. well first of all i'm not surprised because the syrian authorities have been saying that right from the start from the start of the conflict and at the time nobody believed them when i thought they were exaggerating now we know that the mass media was actually exaggerating i believe in distorting

the facts so that there is an attack and an organized attack on syria there's no doubt in my mind not i had my doubts in the past few months but now i'm absolutely sure that syria is being targeted by. what i call an unholy alliance now that reminds me of what is happening in syria reminds me of what happened in nicaragua. twenty years ago when the contras were organized in order to. attack you and then it kind of going to. sound the mystery as you so similar things seems to be happening in syria now so it's not saying that there is not in any way and element of this being a genuine rising by the people you're saying this is a revolution being fueled by external sources. well you know it's not that i believe in my opinion now there in libya not in syria we're not witnessing

a revolution as a matter of fact we are witnessing a conflict now we have to understand the nature of this conflict i don't believe it's a revolution we saw a genuine revolution in tunisia in egypt and to a certain extent in yemen and perhaps in behavior in but not in libya and syria now this is a political conflict it's perhaps it started as an internal conflict within syria itself but it's degenerated into a socio or not the socio geo political conflict with geo political aides and there is an unholy alliance between certain western powers on the one hand certain gulf states turkey and fundamentalist groups attacking the syrian regime not for democratic purposes but for geo political purposes that's what i read in one of the concerns of course is the amount of weapons that reach in the hands of those who are opposing the government but surely the same happened in

libya you said there were many similarities but the civilian people there arming themselves in order to protect themselves from being attacked by gadhafi forces isn't it a similar situation here that we see in syria. but i don't think that gadhafi was actually toppled by the people i think if he would stop and buy me nato power was responsible for toppling. the gadhafi regime and for killing him as well so they're the people on the ground when not the crucial factor in destroying because often now in syria we know that the majority of the people are not actually there they're not part of this uprising if you want to call it uprising we saw millions of people going into the streets of damascus and aleppo supporting the regime now these couldn't have been organized by the regime i think they spontaneously they acted not. because they love that because they know that the alternative would be a disaster for syria has happened in iraq and in libya so the syrian people are

a very highly cultured people and they know their interests you know they don't they don't need the americans or the french to tell them what their interests are but it's. up about the position of the arab league the arab league has called on the assad regime to stop turning its weapons against the people the international community and i include the arab league now of course are putting pressure on the assad regime not on both sides of the conflict why do you think we're there for seeing not only the arab league but other countries putting that pressure on assad and not seeing the situation in the way that you. well i think because they are part of the body that we call it a conspiracy against syria the arab league in particular they have a very poor record when it comes to. attitudes to. countries who oppose the u.s. in particular take iraq for example they played a role in destroying iraq they played their role in destroying libya and now

they're trying to play out all. destroying syria and the syrian regime and the syrian state itself and of course the syrian situation is different from the libya in that at least you have here the support the full support of russia and china which is very commendable and that is an important factor in making the situation look a bit different or not a bit much different in syria and that's why we had hopes that the syrian regime would be able to actually to combat or at least to stand before this storm but i think that the syrian regime should accelerate. process. procedures otherwise it would be in a weak position and no troubles or because it is only one russia has been calling for so it's very interesting very very interesting to hear your point of view dr.

thank you for joining us live there from thank you. the u.n. security council is reviewing palestine's bid for u.n. membership in new york the motion was filed in september too much euphoria in the west bank in the deciding vote may come as soon as next week. ways are palestine's chances. palestinians have resigned themselves to the fact that it's unlikely they going to get the two thirds majority they need in the united nations security council for the statehood bid what this means is that they will not become full members of the united nations and the united states will not be forced to exercise its veto rights there are eight countries amongst the security council who have indicated that they will vote in favor of the palestinian bid these include russia china india south africa brazil levanon nigeria and gabon both the british and the french have announced that they will abstain from the vote there they will abstain alongside portugal and bosnia while germany and colombia might

either abstain or vote against it alongside the united states now this really leaves the palestinians with two options the one is if they can still next week demand that the security council vote on the statehood bid this will force those countries who are not supporting it to publicly to justify their position and the palestinians michael are here with us although they know they're not going to get their admission into the security council the other option and that seems likely is that they still take a bird to the general assembly what this will give them is upgraded observer status or they will not become full members of the international body this it is seems a lot of pressure going on behind the scenes the palestinians have accused the united states of meddling and putting pressure on other countries not to support the statehood but you just need to look at the united kingdom as one example and here the foreign secretary william hague has said that it is to quote him tactical

judgment why the u.k. is abstaining from the blood now of the palestinians were relying on the british to support the bird and the foreign secretary has now been accused of being hypocritical and abdicating responsibility when you mention the unesco admission to the palestinians in need. the following that the united states canada and israel withdrew all stops giving funding to the bodies so much so that has had to suspend temporarily its activities now that kind of pressure comes while israel continues to build settlements in occupied east jerusalem and the occupied territories so certainly while the palestinians a short time ago had a lot of euphoria that the international community would that the bid for statehood this kind of pressure going on behind the scenes seems to be paying off. falsely reporting that the former ukrainian prime minister yulia timoshenko faces new criminal charges this time of tax avoidance it relates to when she was leaving one of the country's biggest energy corporations back in the one nine hundred ninety s.

just last month she was sentenced to seven years behind bars for exceeding her powers will signing gas contracts with russia in two thousand and nine many countries condemn the case against him a shame because saying it was politicized as a. report it seems that in ukraine history is repeating itself. it all started with this man before you show fist fights in parliament mass street protests and destruction of gas supplies to europe were common in his era as president and it kept ukraine firmly in the headlines the world's media had been having many sleepless nights reporting on the rollercoaster events in the country back then writer in journalism you've read in published a book poking fun at all the major political players. whose time for extremely fun for the media the regime used the media is a drug free society but if you do so you have to brazenly do see every year but

it's fun to watch when the temperature rises in politics but for society it's bad but there's a limit to all this wildness which decides mad with you should we surely reach this goal. many now say it was the message of you should get scared and see which helps you look at which sweeps of power and many felt his arrival would become a breath of fresh air centralizing the power instead of the economy were big business first priorities when he became president of ukraine for more than a year it had been relatively quiet here but the case of former prime minister units in fourteen months in diyala province his presidency propelled ukraine back into the global headlines the combination of her trial for exceeding her authority while prime minister shocked many hardly anyone expected to machine code to land such a big sentence seven years. hi bars. on i want to point out is that the year one thousand nine hundred thirty seven has returned to ukraine and this verdict and the repression of the people we all have to be strong today and i

am appealing to all the people of goodwill to all the patriots of ukraine defend ukraine from the all for a tarion regime from the lack of liberty is from the lies and injustice. while the so-called joy of arc of ukrainian politics was time traveling inside the courtroom her seething supporters clashed with police outside. days later veterans of the chernobyl clear up stormed the parliament demanding a raise to their ridiculously low pensions they demolished everything in their path attacking the police with blunt weapons growing social unrest scared the country's president when you come across. agencies tell me that people are buying firearms and that they are planning attacks on state police nationwide people have completely lost their shine conspiracy theories and public protests of late have

created enough scandal for any media to be swamped with work and the chief editor of one of ukraine's leading news websites believes it could get even worse. the first year in a coalition power was to come because people expected a better life after the wild years you should because cadency was filled with madness litanies that eugene was open and predictable now we don't know what to expect tomorrow and anything like a possible devaluation of our currency can explode the country experts say ukraine may again quiet down for a while but with the euro twenty twelve football championship and a crucial parliamentary election looming the temperature of scandal will most certainly be rising again come next year let's see russia r.t. reporting from kiev in ukraine. trips twenty six minutes past the hour here in moscow the business news is next with union i'll be back with a look at headline shortly stay with us here.

alone very warm welcome to the business update russia's entry to the world trade organization what obligate the united states to establish normal trade relations with moscow for all karma has called for a called war era provision which restricts american businessmen from working with certain countries to be abolished the jackson family commandment is suspended every year with russia but it still formally remains on the statutes basically u.s. companies don't benefit from the question of russia from the lower tariffs and the improved instructive procedures until the u.s. congress repeals dextre value so it creates a lobby interest for appealing jackson verdict in the us but it's a matter for congress not lead ministrations obama can't promise it but i think the two are very likely to see a repeal of tax and budget following russia's deputy obsessional. president dmitry medvedev says russia's economy is in a stable position compared to other g.

twenty nations he made the statement while visiting the far eastern city of hamas. and the economic situation in our country looks bertillon many european countries just want recent difficulties we have managed to achieve fairly rapid g.d.p. growth this year it will reach four to four hundred percent in europe and the us g.d.p. growth will range from zero to one percent this year we will also have the lowest inflation in the last twenty years of around seven percent but i cannot say we are protected from danger we need to cut our dependence on fluctuations in commodity prices and develop the industrial sector. let's take a look at how the markets are performing stocks were railing across europe on friday after the talent said it proved an austerity package raising optimism that the euro area second most indebted country will contain the debt crisis but here in moscow the markets were mixed at the close amid lack of confidence the european

debt crisis is being resolved the r.t.s. was flat to positive and the mice lost points three percent here's a look at some of the individual share moves in the it's energy majors and banking stocks swallow up all giant book world dropped on speculation it fails to find oil or gas of ghana we speak finnish lower one percent was gold also saw losses just cry of gold prices. the russian court has handed all major be aware and its legal battle with minority shareholders and its russian oil the ancient t. and k b p the court rejected two claims for around sixteen billion dollars minority shareholders say they suffered financial losses by being excluded from a strategic alliance between cross nets and b.p. to explore the arctic for oil that deal was blocked by b.p.'s russian partners untamed b.p. on the grounds it breached their shareholders agreements minority shareholders say they will appeal the project. but that's it for now you're up to date for more

stories log on to our website origins dot com slash business. discovery. communications with the one.