finance minister also from vice president of the economic and monetary affairs for the european commission we heard them all speak today in a panel and strike an optimistic note that they believe that things will be resolved now many people would disagree with that but as far as the people on stage . and was confident that the greek bondholders will come to an agreement on greek debt write downs and haircuts this week and that's kind of what made the major headline and also believing that the fiscal compact the tighter fiscal compact for the eurozone will come together and a meeting on monday and that would impose of course fines for people that are countries rather break the deficit and debt ceiling rules we saw today that spain their unemployment rate came out a seventeen year high of twenty two point five percent the finance minister from spain says that this is the biggest issue facing the spanish economy and we know spain is one of the largest economies in europe also a lot of disagreement over euro zone solutions we've seen george soros we've seen

david cameron we've seen some finance ministers to timothy geithner say a larger fire wall is needed basically saying more bailout funds need to be committed from angela merkel's remarks we heard earlier this week she was trying to convince people that europe would be fine without pledging more money timothy geitner we did hear from today the u.s. treasury secretary i thought was pretty interesting he said that the two biggest issues facing the u.s. economy that will determine its outcome are what happens in the euro zone and whether or not the u.s. congress can agree on some short term solutions for the u.s. economy i thought this was quite interesting because although yes the eurozone economy very much weighs on the united states i've heard from italian economists for example that year and the u.s. they're much more pessimistic about europe and maybe part of that is coming from the fact that it is an easy scapegoat for u.s. politicians to say oh what's going on in the u.s. is dependent on europe when in reality the u.s. has some major problems of its own a major debt overhang both private and public the fed. i've been very active in

trying to reflate the economy but unaffected unaffected does bar high unemployment more than sixteen percent for people that either don't have work or want more work you know these are some real issues that the eurozone has nothing to do it and a congress that is bitterly divided in an election year is not likely to pass much so some real concerns that are being addressed here well five candidates are in the running for russia's top job in march the electoral commission has confirmed the applicants for the presidency and artie's peter all over the shortlist. the central election commission of put the rubber stamp on the five names that will be running for the top job in russia on the fourth of march now those going for president will be blood of me and putin from the united russia party again it is uganda or from the communists a good middle awful affair russia vladimir zhirinovsky from the liberal democrats and the independent candidate billionaire we are all heard all four of those five do actually have their current jobs in office to do they are well but to be approved is the prime minister the rest of the leaders of their respective

political parties to help a lot of is the the the only candidate who doesn't currently hold office sodomy prince but he must be going about his job as prime minister he was in siberia a few days ago in his hometown of st petersburg to day. not so much campaigning as they say is really going about that role of being the pm we have seen as amy how brutal the only candidate that doesn't currently hold office he's in siberia at the moment trying to show his face and press the flesh amongst those who perhaps maybe don't know who he is the the billionaire owner of the new york the new jersey nets is he is somewhat a familiar face in moscow and st petersburg he's going out to the the far east of this all of the far east of the siberia to try and show his face there to make sure you can talk support as for the other candidates we've seen that image and also given the lib dems and so to give it all of a russian speaking in the duma just behind me to say they are the leaders of their respective parties they turning up support in their own way as is as

a gun off from the communists so it is starting to slip into the next year as we approach that election on the fourth of march. we're taking a look now at some other stories from around the world a blast at a funeral procession outside baghdad killing at least thirty two people and wounding sixty five explosions struck as mourners gathered to bury a person killed a day earlier there have been more than two hundred deaths since the beginning of the year with increasing sectarian attacks since american troops last december. the firm that owns the capsized cruise ship off italy's coast is offering passengers fourteen thousand dollars in compensation and also promised to refund medical and transport expenses and because of the holiday sixteen people are confirmed dead while over a dozen remain missing the ship ran aground off tuscany two weeks ago with more than four thousand people on board. and six thank you loads of cocaine have been seized at the un's headquarters in new york and turned up last week marked

with a fake u.n. insignia and came from mexico the global body as it nor its staff were the intended recipients is thought to have been a bungled attempt by traffickers to get drugs into the u.s. . now one of the most notorious terrorist in russia's north caucasus has been killed in a counter terror operation in the republic of korea. was behind a market bombing invited in september twenty ten which killed one thousand people but alive was i had the head of the largest terrorist network in the republic as well as one of the leaders of the international terror group because two other gunmen were also killed in the shootout which lasted several hours and explosive device an arms cache cache and a suicide belt were found in the building where the terrorists were hiding. that brings you up to date from the news desk business is here next with to be thin.

welcome to the program cautious optimism is the message from the world economic forum and the potential for catastrophe remains especially in europe but a number of politicians and heavyweight industrialists think much of the rescue work has been done told berman the head of investment banking at troika dialogue says the event has done much to clarify economic sentiment. that's been an outstanding opportunity for some of the world's leaders politically and commercially to come together and share some ideas about how to resolve the crisis not only in europe but some of the other global problems that we face today having said that i think most people and i'm certainly i'm cautiously optimistic about a resolution of some of the issues that we're facing in europe today but i have not seen anybody who would display signs of terror and it's a really i think quite a unique opportunity for some of the leadership of across europe across the world

and to come together and share ideas in an open and frankly very constructive way i think that a lot of the solutions that have been talked about over the last weeks and months this has been an opportunity to move those ideas forward and whether there are concrete outcomes is probably less important than the fact that a lot of the leadership of the world has come here in order to actually focus on these issues and again i think it's a been a very very constructive dialogue read only senate is moving closer to increasing its share in the russian comma after vast speaking at the devil's forum the head of the group says an agreement could be reached within weeks plans to raise its stake from twenty five percent to fifty percent expects after vows to provide the law and share of read only sound sales in russia. there is a lot of progress hopefully shawn 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

but we have a goal of forty percent participation in terms of market share obviously the largest part of feed when we come from god which is of a brand of off the us and it will be sure to buy rudolph. from the other side so it's got it's a few teamwork made by three brands addressing different different people. look at the markets and a lot is actually changed over the past couple of hours except for the crude movements still positive light sweet still above one hundred dollars per barrel now why have i said a lot of changes because we've had the latest g.d.p. figures coming out from the united states and they've come in at two point eight percent growth in the final three months of twenty eleven when a three percent growth was anticipated therefore they see that the footsie and the dax have reversed into the red the footsie down more than one percent led by mining and energy chest. let's move over to russia which has another twenty minutes of

trading left on the clock and also a change of mood the r.g.s. moving down point eight percent my six point six percent overall the week has been positive so far around one point two percent growth for overall segment of what's moving the my sex this hour now financials have reversed above and was one of the biggest gainers among liquid stocks is now down a notch gas from still down and also m m k as it increased its movement into the red down two percent as the market isn't impressed with a seven percent production increase in twenty five. when it comes to of currencies not much of a change the ruble is weaker versus the dollar by around the first team copaxone but services the euro it's up eight copecks whereas the euro is just slightly stronger versus the on the global market. double dip recession in europe is all but a reality the continent's problems were also a drag on the rest of the world international monetary fund now thanks to global

growth this year will slow to three point three percent from four percent it was predicted just a few months ago russia is not immune the i.m.f. says the country should focus on targeting inflation to protect itself from external shocks. russia needs to the ruble to be flexible a flexible he said very important component of a successful inflation targeting regime this is the experience from all countries that have made that transition and here russia is moving director actually i think there's a realisation that you cannot target both the action and inflation at the same time so the bank or russia has a lot more flexibility in the ruble since two thousand and it also has defects that when they leave things adverse in the us or globally flexible actions they will help to some extent insulate the russian economy so it also has that effect that limits the effect on russia. over the crisis headlines on x.

amount see with a nice. lose .

your guard see live from moscow for headlines the free syrian army takes control of a damascus suburb with violent clashes with reports houses opposition fighters are now moving towards the capital center that's at the u.n. due for a closed door talks in a few hours on a resolution which backs arab league calls get president offered to go. libya's new leaders face accusations of torture and doctors without borders pull

out of a key city thank the same pace and. keep returning but with new interrogation injuries it's raising two questions among human rights groups about the people of nato how prince of power. and the public politicians and after of lash out against an international online piracy pact a french m.p. has i mean you have to wait over are all rallies continue in poland to stop a secretive deal having regular internet users. up next year in our two moscow out continues its italian twist.

absolutely beautiful welcome to florence and the famous punster vacuo bridge on this week's program we'll be continuing our exploration of russian culture and the influence of brought from famous people who live here to curb russians who live and work in italy and who wouldn't be happy here with glorious swing to sun sensational food and often culture overload the beginning of the nineteenth century so a number of russian wealthy families moved to skinny italy has always held a special attraction for russians many tools of each of these the cultural center of the world and with this breathtaking architecture food and style it gets you thinking there may be some truth in that today dozens of tall companies offer excursions by plane and bus loads of russians advice every week. the famous landmarks such that one murder possibly can bridge in a fancy museum it goes without saying that everyone will be impressed on the first visit here. pushing so it's amazing here we are especially impressed that despite

so many tourists the city is still clean quiet safe and relaxed oh yes. without you is just the living in florence for nine years and in my experience russians like not only the architectural and cultural beauty of the city but also enjoy shopping here a lot he specially fanatic good to see the ideas that at that i want to make is the hometown of michelangelo and to the venture they spent a lot of time living and working in this region of italy their origins. culture that have created and contributed influenced many outstanding russians came to florence for inspiration and stayed here for a while for most of that there are many ways talented and skilled italians enriched russian cultural life and vice versa over the centuries italian architect a huge influence in the design of moscow and st petersburg. one of the other great things about florence is the shopping. pastime of many russian tourists prices are

lower here for designer goods than back home although this next luxurious pretty well it might be better not to look at the price tags. here in the main shopping street of florence you can find a design a boutique a brand that was founded at the beginning of the twentieth century by a russian noble family reestablished in two thousand and eight it's now an international company based in france with several stores in italy. owned by the russian mobile sort of about these three of the russian fashion they will ever see reads like an exciting novel the story of the brand you can say is part of russia's heritage and history. founded in paris one nine hundred twenty four by prince philip you suppose and his wife marina the niece of the last russian saw me collide

the second and says she clothing range was old european and american customers but the prince had a little business sense and two years after the nine hundred twenty nine a street crash ruined his most prosperous clients do you suppose it was forced to shut up shop. almost eight decades after the original house of their faith closed stores august iraq and has restored the branches for the glory. to our next location now and in a city known as the cradle of the renaissance surrounded by terra cotta roofs a cluster of onion domes each topped with a tall cross is certainly not what you would expect to see in the florence skyline less than a mile from florence is to omo these brightly colored domes of a different kind marked the surviving history of russian immigration to italy and florence the russian orthodox church of the nativity of christ's.

ford. oh ok. there's been a russian orthodox church on the site since my two no three built by the russian community in foreign time this is something to consider will damage over the years but was restored several times elegant and exotic and 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 worship as from all over tuscany. the church in florence houses many historic relics of the russian orthodox church including works by both russian and it's how you artists it's on the market you can't miss in florence and it's a place that brings the local russian community closer together welcome addition to

christian life in tuscany. although you know most of the congregation it was her church consisted of people of many nationalities including russians ukrainians georgians greeks italians serbs and bulgarians this church is the first big orthodox cathedral that was built initially then more cathedrals and son removed and a very appeared and only five years ago a big church in rome was built that. tchaikovsky the demeter family to c.s.t. a real russians with a strong connection to italy. twenty minutes outside the city will match with beautiful scenery vibrant colors. but what has this park got to do with russian culture. to answer that question let's meet this week's guest. great to meet you thank you very much for your time nice to meet you while we here in this beautiful and i guess have given the question this place is called par dellec

a sheen and there are many beautiful alleys here one of them in fact where we're standing right now is named after dusty of ski he spent a year in the city and it was said to be one of the happiest times and as. live. came to florence with his young wife and they found out here that they were going to have a baby and the couple stayed in the city while she was pregnant just to also finish their know by the eaters here so she left a remarkable trace in the history of this city. and it's not just the esky who lived tchaikovsky's but on this life there are many russian influences here in florence to simulate tchaikovsky spend seventy years in florence and composed quilts and he's here enjoyed florence a lot there whether architecture art and the many museums the famous director took or ski also leave here in the ninety's seventy's and eighty's then there was joseph brought ski but turner who has not been to florence to go up to the model it seems

that many russians love it so they but one particular florence there's nor about this place the city is not too big and not too small and its historical center is packed with everything one might fancy museum goers admirers of there are nations and art lovers is perfect for everyone also those who are into fashion are excited to come here not to mention those seeking good food and wine. well thank you very much for your time and enjoy your time here florence. moving on and what other locations in florence are connected to russia one of the most beautiful palaces is still officially named. after a noble russian family who owned it the nineteenth century it was pulled by count to me to be truly a senator and the director of the hermit's harsh also the god son of empress catherine the great palace also contained brutally impressive library which he started to put together in italy to replace his previous collection of books which

were lost in the great fire of moscow in eighteen twelve. the brazilians were not the only wealthy russian family who made an impression in florence. and the city are also connected. the demeter family there are squares villas and monuments in honor of the family members who lived in florence in the nineteenth century and the family emblem can even be seen on the front of the dromo basilica of st mary the flower as it's officially cooled when money was needed to restore the cathedral prince to meet off donated a large sum as his contribution was so great the florentine governess thanked him by putting the emblem right next to the main entrance. many russian artists traveled all lived in italy in the previous centuries and the country is still an inspiration to many of their works far from classical but rather unusual controversial contemporary art is displayed at a russian art gallery in the center of florence. goldfish to vision is good you

know and galloway has existed for several years now and now we're working on a new concept. that we want to showcase work which would combine art blind and sound and would affect as many senses as visitors as possible they want to share that or it will be not only a visual treat little so heal a person because it will focus and. florence is full of captivating stories and legends connects to many corners of the world. while local met is that if you rub this bourse snout and put a coin in its mouth you will return to florence at some point in your life and know he doesn't really like to has poor rubles christian and italian share many similarities the culture of the two countries is very classical based and complementary in many ways both have a rich history incumbent's a long tradition of excellence in every aspect of arts and design. and from modern russian french fashion houses to cranes all throughout churches chip away at the

russian connections you can find in italy and you'll be amazed at the results. it's a costly did call florence the city of dreams is certainly. points but unfortunately that's so that's how we have left on this week's program i think that's the end of our exploration of russian culture here in italy i'll see you again at the same time next week we'll be back in the russian capital until then for me and the rest of the moscow are grouped by. zero zero. zero. zero zero zero zero zero zero one.

wealthy british style. that's not on the right side of the front. of the. markets why not scandals. find out what's really happening to the global economy in the kinds of reports on our. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations to rule the day.

mine. would be soo much brighter if you knew me from funds to pressure. these stunts on t.v. don't come.

party's top stories the priest syrian army takes control of a damascus suburb with violent clashes the reports of casualties opposition fighters could now move towards the capital center but says the un's due for a closed door talks in a few hours on a resolution which backed the arab league calls to get president assad to step down . libya's new leaders face accusations of torture as doctors without borders pull out of a key city saying the same patients keep returning but with new interrogation injuries it's raising key questions among humans rights groups about the people nato how to

break the power. and the public politicians and hackers lashed out against an international online piracy pact a french m.e.p. has quit over the. rallies continue in poland to stop to think that a deal had a great deal or internet user. program work wrapped up here now by you know neil and the grand slam moscow won for scotland's finest andy murray tell us more yeah he said tell you what i was watching the match with novak djokovic in the australian open men's semifinal i was even tired watching and he gave his whole we're going to have a look at where he field in just a second. thanks for joining us this is indeed sports of a plenty head coming up including the stories in. queens of the courts the russian pair of said llama kuznetsova here is some real but claimed the first doubles of

the grand slam season is just really a. title hopefuls school recover from a rushing by scott to see all five plants on home ice in the continental. title the top the american pair of spencer levine and kyle stanley storm to doping to lead off the farmers and. let's get started out the australian open where the murray has once again fallen off the penultimate hurdle the scot losing to novak djokovic in the second men's single semifinal things well it started off pretty well for fourth seed murray capturing the opening set six three. were number one joke which would level matters offered up before murray i took the lead following the third the fourth very much belonging to dzhokhar meaning it was.