successful young scholar at an annual student beauty contest. the third day of the world economic forum is just a few hours from getting underway as the business elite prepare to tackle the global financial crisis an attempt to restore economic confidence the future of china and the razor is expected to dominate today's agenda along with other vital issues parties that are in this to report. it's day three of the world economic forum but things are certainly not slowing down if anything they are continuing to get more into the problems the economic problems that really are the ones that are a focus of the globe and if the people here we will of course given that here a lot more on the eurozone crisis this is really something that has cast a cloud over this entire forum with it being the headache for the global economy as

angela merkel pointed out in her remarks probably quite fit only when this forum opened up but will also hear on a number of other issues we will hear about politics there will be discussion of the arab spring implications we'll hear from the prime minister of tunisia we'll hear from the presidential candidate egypt about what the arab spring means for those economies and also for investment we'll also hear more on emerging economies and on the big guys we'll hear about china's economic outlook why is there pessimism with an economy that's expected to grow nine percent it's a great question we'll see what they come up with and also a number of russian participants will speak about the global energy outlook financial competitiveness and also the future of eurasia so those are some of the things that we're going to hear on the official agenda but do not forget it davos there is a whole other agenda which is what is happening on the sidelines and in private meetings and in private parties bilateral meetings for diplomats business meetings

for any kind of executives or people trying to get investment whether it's a charity or a state or country so this is a lot of what goes on here we'll keep you posted on how this all unfolds on day three but for now from the world economic forum in davos switzerland i'm laurin leicester. well to get more on the business deals that are being conducted the world economic forum you can stay tuned for a financial update that's coming up in just a couple of it stop. first there's some world news in brief for you this hour the u.s. supplants to cut one hundred thousand troops in its bid for a smaller lead and military restructuring comes as the pentagon prepares for hundreds of billions of dollars worth of cuts over the next ten years this will still leave the u.s. military larger and stronger than it was before the wars in iraq and afghanistan the government will continue to spend their own eighty eight billion dollars a year on combat operations in afghanistan tensions in the country are still high as the taliban counters western troops often leading to civilian casualties.

syrian rebels have clashed with troops in a town just north of the nastiness two hundred people were detained by security forces as they raided homes looking for weapons and suspects in the town of rumor provincial governor to shoot a cease fire as a ten month revolt against the present us creeps closer to damascus. later today expected to discuss the syrian crisis which is claimed. to new york where details of a shipment containing sixty kilos of cocaine seized last week at the u.n. headquarters had just been released the package marked with fake united nations insignia was shipped from mexico to cincinnati. spokesman says the u.n. anyone that hated at the headquarters where the intended recipients officials believe it was the bungled attempt of drug traffickers trying to ship narcotics

into their. new footage from brazil has emerged showing people fleeing from a cloud of dust and debris after three buildings collapsed in religion authorities are still investigating the cause of the collapse but it's believed that illegal construction work was responsible for people have been confirmed dead by the city's mayor as rescue workers continue to search for twenty two still missing. well even if you are in for. lawrence moscow is never too far away in an hour's time join lot of the injuries as he takes to the streets of italy in search of a slice of russian. there's been a russian orthodox church on the site since my theory three built by the russian community and foreign time artists suffered considerable damage over the years but was restored several times elegant and exotic in much is the city's cultural

heritage perfectly reflecting in the true architectural style of seventeenth century moscow today the church is popular with orthodox worshippers from all over tuscany. crooners next now with the business. it's twenty three past eleven am here in moscow welcome to business rain only sun is moving closer to increasing its share in the russian carmaker after hours speaking to r.t. at the devils the canonic forum the head of the alliance said that the agreement could even come within weeks it's pledged to raise the share from the current twenty five percent to fifty percent carla's corn expects after us to have the lion share their lives growing sales and crash.

there is a lot of progress and hopefully soon i'm not going to tell you when but soon we'll be able to announce for you a positive conclusion hopefully weeks maybe months but i don't think it should last we have a goal of forty percent participation to help market share of the seed the largest part of feed when we come from which is of a brand of of the us and it will be sure to buy renault from outside from the other side so it's got it's a for teamwork made by three brands addressing different different people. despite global economic uncertainty russia's biggest lenders their bank strong results and two thousand and eleven is deputy chairman says the final prefer a financial performance has probably made it one of the world's top ten banks in cost to income ratio the bank is now strongly counting on overseas expansion it plans to make five percent profit abroad within three years and interview in davos

again cough told r.t. about the bank's expansion strategy. we launched offices in germany china and india last year but the most important thing is that we agreed to buy the eastern european international we're going to close the deal on the fifteenth of february and start operating in eight european countries who are also interested in polish and turkish markets it's hard to talk about the new deal so far but we see great opportunities for acquisitions. the sale of state owned stake in bareback may take place this year deputy chairman of russia's central bank alex it was a cry of says that the government is counting on the price of around one hundred rubles or around three dollars per share status selling seven point six percent stake in the lender. a double dip recession in europe is all but a reality because of those problems and also drag on the rest of the world and the international monetary fund now things global growth this year will slow to three point three percent from four percent as was predicting

a few months ago and russia is not immune to touche and says that the country can realize its growth potential it could be less exposed textile shocks if it focuses for economic policies. one is to firmly anchor the government budget on a target for the no deficit target that we have recommended should be four point seven percent of g.d.p. that is to be achieved by two thousand and fifteen second is motor to policy focused on inflation firmly anchored by the central bank's move to form inflation targeting third is to develop the financial system and show it stability so it can mobilize say being directed to your productive investment and settle here is very important to strengthen supervision to give the central bank the adequate powers to pursue active and substantive supervision of banks to avoid that you have their view that is to system and to look for slowly but surely we should. improve the

investment environment here there's a whole range of issues that have to do with the role of state in calling me it has to be rules and regulations red tape has to do or option that has to do with the court system. very was defiant the progress has been slow the goods positive exception is that russia is now moving forward towards dilute ship which we think we have major benefits not just for russia but also for a country. let's have a look at the markets now oil is heading higher concerns about iranian exports exports the international monetary fund warns of a twenty thirty percent price if their disruptive blend is trading at one hundred and eleven dollars. close to one hundred dollars per barrel now onto equities most asian stock markets struggle at the end of a modestly positive week she has gained with minus pushing the. hang seng is training. over a quarter of

a percent and the nikkei is slightly down weighed by day with securities group that fell three percent. the s. and markets opened the trading day low while the us is losing a quarter of a. while the six is losing. their minds it's like the r.t.s. is losing a quarter of a percent let's check out the biggest movies on the wise experiment is on the rise held by the news about its privatisation energy majors are losing ground despite strong oil price. is down around with third of a percent m.m. k.'s also lower and the mental giant has increased production by seven percent in two thousand and that the. currency is now the ruble is lowered to the dollar amid weakening global demand for whisky and some profit taking ahead of the weekend over the russian currencies advancing against the euro and the dollar has dropped against the euro. well let's update for this hour i'll be back in about fifteen

minutes with more. culture is that so much given to each musician appearing on the mark with libya intervention like in the specter of civil war libya's transitional way from the gadhafi regime is proving far more problematic. get are sometimes you see a story and it seems so you think you understand it and then you glimpse something

else you hear or see some other part of it and realize everything you thought you knew you don't know i'm sorry welcome to the big picture. there recap of our top stories shocking revelations in an already troubled post gadhafi libya has human rights groups accusing miniature torturing detainees to death i missed international is ringing the alarm and doctors without borders has already pulled out of the city of misrata in protest your chances. poland witnesses further protests against the government signing of an international piracy act designed to enforce internet or property rights but activists on the street say the

agreement known as an actor. would infringe on the internet freedom and lead to online censorship. and iran considers banning oil sales to europe preempting the e.u. decision to stop importing oil from the country in july as a war against terror and escalates in the west ordinary americans voice their opposition to any possible military confrontation. now people abilities cross-talk guests debate what's in store for the new libya that's next. please. liz. live. in. st.

louis welcome to cross talk i'm peter lavelle libya intervention light in the specter of civil war libya's transition away from the gadhafi regime is proving far more problematic than nato planners had ever anticipated central civilian control is an illusion and tribal loyalty is strong it would appear it is a lot easier to take down a regime than to establish a new order. came. across not libya i'm joined by dr venter while in hanover he is an associate professor of government at dartmouth college in paris we crossed at the end of jonestown she is an independent political commentator and author of fools crusade yugoslavia nato and western delusions and in london we have nick mayo he is a foreign correspondent for the sunday telegraph all right folks this is cross talk to me as you can jump in anytime you want and i very much encourage it and i'd like to first go to diana diana is the the intervention that we saw nato undergo was it

an intervention without responsibility because libya is a mess and it's getting messier all the time particularly in light of the last few hours a day or so of torture charges in the n.p.c. is proving to be very very inept. well that was perfectly foreseeable when you when you go in and change a regime by bombing you you're causing chaos. and they didn't seem to care that they were going to be causing chaos because they didn't like gadhafi and they seized an opportunity to get rid of leader that they didn't like figuring perhaps wrongly that anything would be more favorable since any new leaders would be grateful to them for coming to power but that definitely remains to be seen ok nic if i go to you.

i'm going to do a play on words here i mean a lot of people see there was an illegitimate use of force with the u.n. resolution one nine hundred seventy three to overthrow gadhafi and because of that it would make use of force we see illegitimate use of force also now after the fact in libya because there is no legitimate use of force by any central government. well there is real chaos on the ground in libya at the moment it's a problem with militias as you say have been large numbers of people detained large numbers of people taught should. we think and as there are many problems with the m.t.c. it's a very weak ministration it doesn't really have that much legitimacy there's been no proper elections yet but i think you have to remember that most libyans expected that they realized that there would be a certain amount of chaos after the fall of gadhafi this was a dictator who was in power for four decades and of course there are lots of pent

up resentments there are lots of conflicts between tribes and groups and cities in libya and there is no government at the moment to sort these problems at home nic if i can stay with them you have to get into into the interest. of well it's not civil war yet but i think you know we say anyone anywhere near there but don't you think it's very problematic that you have western countries recognizing the n.p.c. saying this is a legitimate government in libya when the libyans themselves in have a chance to say that did anybody even ask them. well i was in benghazi shortly after the revolution broke out and people were absolutely begging for nato to intervene before just before where there were also strikes because people go ahead jump into and that's the point of the program go ahead there i mean they're always you were in benghazi everybody knows that benghazi is precisely where the opposition was at what

a month after that you had huge demonstrations in tripoli in favor of retaining the regime or at least against the nato bombing so you can see the people there were some people that you saw that wanted this and there were others who didn't and the point is that an age old to choose to go with the ones that they knew that they were arming by the way as we find out later and that they encouraged to revolt knowing that they could get western support ok dirk what you're going to fuel that into every very difficult to find anyone in tripoli and possibly anyone anywhere in libya. to agree with you on that of course there were large demonstrations in favor of gadhafi there were people who were being paid and that oil i was in a little i was in tripoli in august and for something they were you know that you know that. until they're able to regain location a very very popular area it's going to try to counter revolution hi folks come on

folks is going to. hand over your shoulder and your beer you can call anything you can get a bunch of thugs to where i want to say this is a little bit and there's a very very simple somewhere you know you have. the french and you have resolution nine hundred seventy three that has been accepted by the internet a lot a later date which the united nations because the resolution of this is a matter of cost i'm very careful consideration to what would need to have libya and frankly deliberations at that particular point in time remember when the libyan for a bottle be slaughtered in benghazi libya. were anxiously asking for intervention now you could argue as a result of the army they are arguing don't know who their children nato intervention really went to beyond what nine hundred seventy three allowed but nevertheless you have a government in place that is as was mentioned not elected which is a problem there certainly is an enormous amount of chaos and chaos may probably

deepen over the next few weeks in the next few months but overall i think the alternative that particular as you were looking at libya and september and october and so there really was no alternative and so yes you can argue that the international community went too far that the responsibility to protect wasn't really implemented very carefully but i think in light of the difficulties that the country faced to do west and the libyans themselves faced enormous difficulties and that in the end i think everybody agreed that the regime change was almost an inevitability well it's well intreated once you say it when she once you say that when you say there's no fly zone and we see this going on now with syria he must go then it is inevitable because in the west doesn't back down and it uses force here nick if i can go to you the problem here we have here right now in building a democratic state in libya i think everyone most everyone wants that there's no

state institutions should you be building state institutions first before you start doing that are you putting the horse before the cart. well there's a terrific problem. how do how do you how do you feel the government in a in a country that has really never had any experience of democracy. i have to say i was very impressed in my time on the ground in libya with the people i met i met a lot of libyans was all different social backgrounds who want democracy they believe they can build some kind of democracy it will be a libyan democracy an arab democracy it will probably be quite different to the kind of democracies we have in the in the west but most people don't think it will be easy there are big economic problems to deal with there's this terrific militia problem there are lots of young men with weapons with no jobs for them to go to and i think a lot of the libyans i know are quite disappointed with the record of the m.t.c.

so far they would like to see a government that sin has more control and certainly has more control over the over over the militias and i think this is becoming a problem for libya at the moment there are elections you bring up a very good a few make you do you have a very good point and you know the i'm sorry hold that we haven't heard from the much from the iran do you know let's go to europe because he hasn't said as much you're go ahead. i mean you know the base the basic issue is that this is a country that for forty two years under gadhafi has seen a very systematic destruction of all the kind of modern institutions that you need to really make a modern state work and so in a sense the libyans are asked to really start with a toddler as i would absolutely nothing and one of the problems is that in a sense first of all there is the issue that the t.n.c. is not truly a legitimate entity within libya but the other problem is that is

a matter of timing and that is there are an enormous amount of the man's being made for order for economic handouts for all the. as of things that the modern state does and there are indeed there are not the institutions there in a sense the d.c.s. as an old modern state building experiments they're running against time and they're going to lose a lot of battles you can only hope that in the long run and particularly with the help of the united nations and so on that these institutions get created that the central government the successor to the t.n.c. is able to get what is called the valar pally of violence that it can control the territory and that eventually these institutions will be created to bit by bit it's a long process the libyans were very aware of this the kind of talks that that took place at the united nations last summer for three months where the united nations was thinking very systematically about what libya needed indicated that there would be major problems and i think we're seeing that also

doesn't mean that it necessarily has to end and certainly means that the process could be prolonged and messy go ahead diana go ahead and i think a lot of these things could have been foreseen when the bombs and i are willing to go back. may i please go back to the first of all the statement that there was no alternative at the very beginning when there were the first people or it was turned out to be propaganda iranians about. bombing his own people there has been pretty well this proved since then now at the very beginning there was an opportunity and there were offers from latin america from africa to mediate to find some kind of compromise to find some evolution now the fact is that colonel gadhafi was mortal like every human being his regime has lasted probably too long but was not going to last forever because. we die all of this and

perhaps there was no way to. go evolution and evolution toward changes that would be more democratic and so on but when you come even from the outside here i don't know if you know noses you create reason to me and many to me is just downright mean to me nader i want to try going to a very low dosage and after a short break we'll continue our discussion on libya state with r.t. . and a slew. of nature and discover its beauty.

communicate with the wild and. test yourself and become free. to. see what nature can give you. download the official anti up location to go on the phone all i pod touch from the saps to. watch on t.v. lights on the go. video on demand tease my old costs an r.s.s. feeds now in the palm of your. question on the dot com. and.

welcome back to crossfire time here a little to remind you we're talking about what's going on in libya today. and. say. ok right before we go to the break and all the mayhem you wanted to say something so go right ahead. well i just want to take issue with what was just said about there being alternative store they actually have yes there are countries that try to start a diplomatic process you may remember that president zuma of south africa went to libya a couple of times the african union tried to intervene but remember that very systematically from the beginning gadhafi refused to negotiate the refused to consider any kind of alternative to the invasion that actually can eventually happen it was said in his defense that his son safer as lamb also try to intervene and that say for the islam

could function as an intermediary but you may remember that very famous interview that's a full islam gave two days after the uprising started that he himself was threatening to shoot everyone literally like rats in a barrel as he put it was dancing on top of an s.u.v. . in his hand there really were no alternatives anybody who makes you believe that gadhafi was willing to negotiate at that point simply does not know what the diplomatic process looked like that summer last year ok if i could change gears a little bit here next. week when you were you was or he wasn't it's their country it's not ours and you're talking as if we have a person trying to sit here and decide what other countries should do i disagree basically with that i don't think it's up to us to decide we're going to remember this is a resolution. of the united as a difference this is the united nations resolution and it was adopted in the international community i had the right. for that rather than telling the whole

world what to do you just have this same old imperialist mentality that you have the right and the power because you have the power to tell other countries what to do and i basically disagree with that ok. do you do you think the right to protect doctrine is dead now or is it is severely undermined because of what. happened in libya or strengthened the other way. well i think libya was an unusual case it's hard to see how the rights of protect can be applied to somewhere like syria for example you know when they read my mind you read my mind exactly ok. but i think i think it's use in libya as was very successful this wasn't regime change it was a revolution and all that happened inside and what whatever they were there we didn't want to be in every instance to start that reformation.