europe's currency crash and a big setback an eleventh hour talks to save the euro as the east twenty seven members refused to accept quadruped changes even the currency club to sort itself out. israel and this is a series of airstrikes on gaza targeting militants but causing civilian casualties . at least three palestinians have been killed and several dozen wounded in the latest wave of mine is the worst in several weeks more from tel aviv in just a few minutes. what's in a name western media is quick to equate russia's post-election rallies with the arab world turmoil as moscow says it's being overblown and out of date.

this is r.t. welcome to the program. d.-day for the euro with intense talks among even leaders in brussels offering its first set back some of the twenty seven members have refused to accept even white changes and controls in the seventeen eurozone nations will have to hammer out their own solution to save their currency well french president sarkozy is partly blaming britain which wanted exclusion from restrictions saying it would run dish financial business now the seventeen countries which use the euro plus six others who want to join are working on a march deadline for their own set of time. for schools but britain is threatening to derail that road to residents of europe correspondent takes a closer look at europe's critical twenty four hours we go to talk the talk and

more talk even the politicians know it. oh no i'm not believed any more because too often we did not live up to what. yet another d.-day for the euro another big question mark hangs over brussels do years and politicians have what it takes to hit the euro crisis nail on the head once and for all. the euro which should inspire confidence is not inspiring this confidence if there is no deal on friday there will be no second chance. and this time germany and france are not taking any chances it's either tough love board nothing they want a treaty change to pave the way for a fiscal union that will bind the euro countries closer and force the nationally unhealthy economies to get their act together tougher punishment for deficit centers and greater fiscal oversight by e.u. institutions and no matter how tough the rules the question is will they change

anything implement proposals talking about that will find a country for failing to. deficit well you're basically taking a country that is bankrupt and. falling. yet even some skeptics acknowledge that a common currency system does have its good points it is an instrument instrument is only as good as the way that you use it and ability it has to do things we have to briefing the old system merkel and sarkozy know it's a race against time if they can't get the other ten countries on board for a treaty change they want the seventeen era zone countries to forge ahead with more fiscal integration to support monetary union lest anyone forget it took eight years to negotiate the original lisbon treaty on top of that the u.k.

has threatened to use its veto if its interests are not protected amending the treaty which is the e.u.'s rulebook and virtual constitution opens up a potential political minefield needing the support of all member states to. anger in some countries over e.u. enforced a sturdy measures but even if changes get through these hurdles once again would it change anything you will never solve this problem as long as these currencies. these countries are within a currency that doesn't fit their economy this is what all the fuss is about the euro that's what's backers it represents a three grand idea of a single currency what some would call the united states of europe but now the problems become simply too big to ignore the question being asked is are they also too big to solve the possibility of a euro collapse is now an actual threat and here's another question is the euro even worth saving some say yes the alternative exists as a possibility that we're to break down but i think

a lot of or most policymakers most citizens rapidly see that the break down will be more expensive than men to know what we have today and to make the to undertake the necessary structural changes some say no it was always going to end it was pretty clear there was always going to end in disaster with very very bad effects even for those countries which are not members of it and the blame for that should be laid fairly and clearly with the european political establishment whose obsessive pursuit of a united states of europe has got us into this mess and if the eurozone does survive what will it look like economically and politically if i knew the also that i'd be a wise man. r.t. brussels. well the financial fallout is also being acutely felt across the atlantic as r.t. reports later the david and goliath standoff of the occupy protesters some believe

military maneuvers on the cards against activists on the new tents and placards. the latest israeli bombing of gaza has left at least one palestinian civilian dead and dozens wounded. stepping up its assault on hamas militants but the campaign is putting more innocent lives in the firing line. as the latest from israel. early this morning friday at least three israeli airstrikes targeted a hamas training camp in the gaza strip now in some of the shrapnel from one of those bombs that hit nearby homes at least one palestinian civilian was killed and some thirteen have been injured most of them women and children this follows an israeli airstrike last night thursday in which two high ranking palestinian militants were killed while traveling in a car in a crowded area in gaza city that was the first israeli strike in a concentrated area since the israeli gaza were back in two thousand and eight two

thousand and nine now the palestinians have responded with a barrage of rockets there were five because some rockets and glad missiles quiet on southern israel the south of israel is in a state of high and residents have been ordered to remain near a bomb shelters throughout the course of today and this comes as various faction groups in the gaza strip point for increased revenge attacks against israel we also are hearing from hamas that it's ordered its operatives to keep a low profile sort of meet and this is the most dramatic escalation of violence that we've seen between israel and gaza in civil weeks now where three israelis accusing the gazans the gazans accusing the israelis and the scene does seem to be saved for a return to violence the israeli palestinian peace talks have yet again stored despite international pressure and largely over the issue of israeli settlement building like we witnessing from tel aviv is an increase in settlement construction so much so that the united states which is israel's closest ally has actually

criticized the israeli government for its moves in this direction and now the israelis for various sides have also by targeting these two high ranking palestinian officials and there's a strike there is day resumed what seems to be a policy of targeted killings because certainly hasn't been any kind of targeted killings since two thousand and ten this is causing many to say that there's an inconsistency in the israeli policy of this. just several weeks ago that israel released more than one thousand palestinian prisoners in a prisoner exchange deal with him asked now we witnessing it once again targeting militants at the same time we're hearing from various human rights groups that they particularly concerned that the israelis are again putting civilians in the firing line be relationship in the region is the coming more fluid all of this does set the scene for a real showdown pulis there reporting there well back to our top story now and let's talk more on solving europe's debt crisis with one of greece's unique

communists now this is our focus from athens university joins us now live on our team thank you for joining us and the e.u. can't agree as a whole it seems so the seventeen year using countries planning their own set up with a few others joining in but they just setting up a club within the club. well this is nothing new the moment some of the e.u. countries. together monetary it was bound to be the case the club within the club would have been created what has changed is the fact that this . ten year old eurozone has. this integration which. panic throughout both of eurozone and the global financial community there is being that the seventeen member states come to these the club with a club as you put it are desperately seeking ways of holding the holding together

and in the process train between them. that is within the european union is. multiplied so how can this work better and if those countries agree stricter controls on how they financially function will this erode their suffering decisionmaking leaving the euro big players in charge as it were. the whole concept of national sovereignty has become a very gray zone once we have each other together by means of a common currency. during the good times when the global economy was growing and everybody kept believing idiotically that we were experiencing a great moderation of but that ben bernanke had erroneously described we could. be allowed to leave the illusion that the national sovereignty was still with us but the moment the disintegration. then he was quite clear that the only thing that

can stop this integration is pulling together over resources and a degree of commonality of debt and investment decisions which was absolutely the initial design the tragedy is that once we stuck into these you know mess then. at this integration of these of these eurozone we will have grave effects throughout the global economy so it is incumbent upon us even if we don't like the euro the created to try to save its talking about so many i mean you are in greece that's already depending on bailout money all people they're concerned that they will be running their own fiscal affairs. greeks are realistic people especially after two years of extremist very few we know that there is no such thing as national sovereignty we know that our government has less solvent the than a municipality normally does. the great worry at the moment is that we're being

asked to make sacrifices in the context of a plan supposedly for saving the year and keeping greece solvent which is not going to work so these sacrifices will not only me sacrificing themselves over there but will be sacrifices that in the end are not an investment into a future that is sustainable either for us over europe. britain's prime minister david cameron has made it quite clear that he's glad his country is not in the us do greeks think it's time to go the same way. i think not because going the same way is to fall off a cliff it's one thing to say we shouldn't have been in the euro zone is quite another to say we should get out of it because the two are completely fundamentally fundamentally different propositions on the other hand david cameron should be less smug about it all even though it is. quite fortunate that britain managed to stay chose to stay out of the eurozone because that gave the british economy bigger

flexibility a shock absorber in the form of the valuations during difficult moments in the financial times. the fate of the united kingdom's economies inexplicably bound with out of the euro zone and to put all his eggs in the basket of a city and to pretend that the defending the united kingdom's interest by defending the city's interest is yet another major blunder by another british prime minister who is going along the path carved out initially by mrs. hume that it was possible that the industrialized the united kingdom and the prosperity on the back of the city of london we know what happened in two thousand and eight continuing supporting the city against the interests of the british people is going to become yet another blunder in the history of british politics so over rule then how do you see the crunch talks panning out what decisions should they reach. i think it's

extremely simple firstly they should come clean on the state of the banking sector the banking sector of europe and i think it's not just the city of london but of course frankfurt paris the whole of the banking said that of europe is insolvent and it is about time we realize that as long as we remain in denial about this talking about the greek that or the portuguese that which are minor issues compared to the state of a banking sector then this crisis is going to lead to the whole world down the path of the post more than i. think we need to do is we need to really use own to create a common kind of debt you know bond not one together and be jointly by germany and france is on but one issued by the european central bank the only institution that can do it and the third thing we need is an investment policy throughout europe because we need a new deal we need to do what those will do the ninety third to do because we ain the clasps of an emerging depression from which the next generation is going to suffer and it will suffer enormously. ok we'll leave it there for now economist

yanis varoufakis from athens university thank you for joining us here nobody thank you. coverage of russia's post-election rallies has been in sharp focus in the foreign media some even though likening it to egypt's tahrir square protests as artie's and he said i reports that moment in russia happened twenty years ago. dockery or terror skya. us senator john mccain tweets dear vlad the arab spring coming to a neighborhood near you but is it seems russia's so-called slavic spring came and went twenty years ago. mccain and hillary clinton really would like this to happen and you see it in their relations to other countries where these revolutions benefit the u.s. and of course they're pushing for this but don't think it will happen you know they were talking earlier like protests during the collapse of the soviet union hundreds

of thousands were out on the streets people who actually saw. all as and b.'s and they will want to get that. most of the few thousand out on the streets of moscow after these elections move gone off to either not remember or be unable to compare some of this though it is funny how it worked out the middle class that exists today does so because of the politics of this government wolf if they rebuilt the country four years ago there was a much smaller middle class if any. a middle class egyptians would dream of its revolution praised as democracy by the west so are the military take over. we have only one demand that the military council and the army go back to their barracks and start protecting the country they've demonstrated they're incapable of leading the country over the last nine months. to hear certainly proved twitter and

facebook are fierce tools when planning protests some thirty thousand have already signed after a moscow meet on the weekend but russia should have been no mustn't to egypt and to rebuild from scratch can take decades tens of thousands of young people are preparing to come out onto the streets and voice discontent and that means millions won't it's a safe bet many of them remember all too well the turbulent ninety's what chaos means for such a large country and aren't willing to go back and start over and he said now r.t. moscow. secret e-mails showing the u.s. state department discussing paying for information on the russian elections have been revealed russian news website life is a train the correspondence with election watchdog goes to show washington discussing payment for activists who describe voting violations is backed by american and european funding which claims to be dependent on welfare is the us

state department present gough's on the scene more support president belive has ordered all reports of election violations to be already investigated. mr putin has grown power against meddling in the country's political affairs. we've got more on the leaked documents so you can judge for yourself r.t. dot com you also have the details of the post-election protests in moscow and own video footage and here's what else is online today. another secret cia prison in europe or maybe it is the latest country to be revealed as posting a facility used to. terror suspects reports on the. nato has reiterated its refusal to take russia's security concerns into account

when a phony issue of european missile defense that's moscow's conclusion at the top level talks with the alliance in brussels foreign minister sergei lavrov says the u.s. led isn't prepared to cooperate on the shield nato is deploying and that antiballistic system near the borders with russia which it regards as a threat to the answers rebuff the crimean request to guarantee it poses no danger washington claims the shield is aimed at rogue states like iran and north korea but r.t. has been hearing from the nist who strongly doubt that. there is no threat right now neither country has boosted missiles that can carry nuclear weapons and only one of those countries has a nuclear weapon in the first place and and also you what it would be very difficult to imagine a country of that size aiming a ballistic missile at the united states because it would be like marking the their country for annihilation with a big x. is a ballistic missile is ballistic that means you know where it came to trial where using

a defense that doesn't exist against an aggressor that this point doesn't exist the worst thing to look like is that you're weak on defense so if people say we can build a shield as some people say then why not do it that's so i think the idea is those political pressures at home if they don't continue to push that way this administration would be views as weak and it doesn't want to be viewed as weak right now from a strategic perspective going into a national election. so more world news for you now first to a deadly fire at a hospital in eastern india that's killed seventy three people mostly patients hospital staff are being accused of abandoning their patients and fleeing when the fire broke out rescuers scramble to save the left behind sinking and most patients from suffering to choking smoke brain started in a basement all materials wood and stored and so far far to five hours to control the things. we need clashes in somalia between the government forces and is the most insurgents have killed at least nine people hours of

violence ended when militants withdrew from the capital which remains under government control. group had been waging a five year insurgency against the state which they claim is corrupt a campaign that's killed tens of thousands of civilians. surveillance footage has been shown on french t.v. of the night a chambermaid former i.m.f. chief dominique strauss kahn more attempted rape midges show sitting in a staff corridor or talking to a colleague and also checking out the new. hiring assault charges cost of his job they were eventually dropped off with aids evidence was considered on the job. iranian state t.v. has shown footage of an american spy drone that officials claim was downed by the military last week the revolutionary guard says it was captured by electronic ambush on the ground near the afghan border iran confirmed six years ago u.s.

was sending surveillance cry to spy on its military nuclear facilities the pentagon says iran is unlikely to cover data for the drug. but not you tube travel has more developments in iran and other stories from around the world. more news today. these are the images the world seeing from the streets of canada. corporation to rule the day. a policeman has been killed and another four people injured in the north caucasus republic of dagestan it happened on thursday when police officers arrived at the site of a road accident and they caught him on the phone it's unclear who the attackers

were authorities are still working at the crime scene russia's north caucasus region remains one of the most of all it's hot in the country and has been gripped by almost daily violence between authorities and extremists. american anti corporate occupy protesters in boston are braced for a big but the deadline for them to leave being passed a few hours ago police say they don't intend to move protesters just yet and have given no indication when you can take place this way police interrupted the last demonstration in washington d.c. arresting seventy like that becomes part of a three month long fight against corporate excess receive thousands of harassed time and to stick it out on it gets. the occupy movement are facing not only pepper spray but things like the red sound cannon the long range acoustic device which can blast your cranium with one hundred forty decibels shaking your skull so hard even

earplugs won't stop it this weapon has been tested on palestinians in the occupied west bank by the israeli army so civilians in the u.s. are now up against basically military style policing what's behind it is a mentality among our police forces our local police that views common civilians protesters as common criminals. the latest edition of our must go out program is coming your way soon but next is the business news ok to. carry it's been shall engine weight. it tends to match up a parliamentary election has added to capital outflow and lots of volatility in the stock market but beyond the headlines that happens from polls as it stories particularly in the banking sector which still reckon results from the c b become to see if that explains why the country is still a good place to do business. russia is obviously criticised for things that it

needs to modernize itself its legal system and and other things but what russia cannot be criticised voice for the state of its public finances if you look at you know that the g.d.p. is less than ten percent. the this year the government will end up with a fiscal surplus rather than deficit if you look at every major developed nation will be much more serious state of affairs russia is as politically stable as you know much much more stable than any western country where you know the government seems to be changing every every day so here i would i would see i would see that this is well overplayed but of course russia's russia has its own unique set of risks but in my mind very significant you just well. let's have a look at the markets and all prices go down on cautions of the e.u. summit later in the day may file to provide a credible solution to the region's debt crisis stan concern of lower demand lies wheat is trying on to ninety eight dollars

a barrel and brant is over one hundred seven dollars per barrel. european stock markets open low after the e.u. fell to secure the full backing of the twenty seven nations the treaty changes to help fight the region's debt crisis by coordinating fiscal policy however twenty three members agreed to form a new fiscal compact i think that they would provide extra financial support to troubled members of the region. and news from europe all why in the sense that here in most sky the russian markets all suffering up losses of the thirty thousand dollars of friday's try. yes in the my sex all losing around four percent of the mine and. less on the look out some individual semi's in my sex all majors all down amid cheaper crude with both rosneft and luke all around five percent of the red on financials also on the price up down. and i hope the sense is net profit

almost doubled during the first eleven months of the year reaching nine and a half billion dollars to russian accounts and found that. russia is a biggest investment companies have lost tens of millions of dollars in the third quarter due to the stock market collapse in august and september the aussie as in the my six fell by eighteen percent and thirty percent respectively during the period accords a vest of a newspaper tracker died of losses exceeded one hundred million dollars in part because of portfolio valuation at the end of the sum up london all three to be capital which invests in russia losses of around sixty million dollars although some funds have done a lot better for instance metropole and out song which maintained level balance sheet. trouble is leaving russia could lose the opportunity to buy alcohol in the country is due to freeze stolz they say they can't meet new

rules on construction so cool warehouses to store alco because their locations are in tightly controlled pulls that you see very operators of war look revenues could full forty percent if the north exam to. join me at around fifty five minutes for your next business reports good buy. if. you.

feel. the limited. to a few to. period . if. wealthy british style it's a small town to its finest.