it'll leave no hiding place the drones can make out a car's number plate from heights of up to one kilometer privacy campaigners fear is the start of a slippery slope i think it be our salute tragedy for britain the largest part of the olympic legacy was a surveillance like a scene where we install all this equipment in the name of national security and then when the other bits are over we keep using it person a very very serious risk to the privacy that might not be adequately protected the spy in the skies been piloted before in britain by four police forces but never took off after one crashed into a river and the u.k. aviation authority failed to grant the necessary license that's the only legal requirement before this sort of surveillance becomes a reality at the olympics a minor hurdle for what's already britain's biggest peacetime security operation total cost over one point six billion dollars it is worrying that the security bill

has increased so drastically from initial estimates one of the reasons being given for this is so heightened risk of terrorism which seems incredible as an excuse at a time when the original estimates were made around the time of the london bombings when london was considered to be a very high risk so it seems incredible they got the estimates so badly wrong in the first place commandos speeding up the thames is one answer to a myriad of perceived terror threats this time a hijacked passenger boat they'll also be warships and get on the thames attack helicopters on standby even ground to air missiles ready to launch or vance before you even get to the security on the ground to give you an idea of the numbers take the olympic stadium capacity eighty thousand ground security at the games is enough to fill sixty percent of that inside the venue will be over twenty three thousand security guards along with seven and a half thousand military. and then outside

a further six thousand troops along with twelve thousand police total just shy of fifty thousand the budgets ballooned by a hundred percent because initial estimates were woefully inadequate but that still couldn't stop two fake bombs being sneaked in under the radar at the stadiums dummy runs not exactly great value for money london organizers have tried to play down fees the olympic village will be a siege city but with such a massive security operation the plan the limb pick legacy of international friendship may not be the one that's actually left either bennett r.t. london. and some other world news in brief before dmitri joins us with the business news overnight air raids by american drones in southern yemen have killed fifteen suspected al-qaeda militants the target was an insurgent base in an area taken from the government following the el sting of former president ali abdullah saleh the country's been locked in months of political turmoil and violence which saw its

embattled leader step down last month and head to the u.s. for medical treatment. here a nuclear watchdog three day visit to iran to monitor the country's nuclear facilities and tuesday despite an offer from tehran to prolong the mission u.s. lawmakers say they intend to impose more sanctions on iran even before the inspectors publish their findings tensions have been running high between the islamic republic and the west amid accusations that to ron's nuclear program is not peaceful. the search for the remaining fifteen passengers still missing from the stricken costa concordia cruise ship has been called off italian officials say the effort was too dangerous for rescue workers the search and already been suspended several times due to poor weather and choppy water seventeen bodies have been recovered from the concordia since it ran aground off the island of giglio earlier this month. recap of our top stories when we pulled out is only just a few minutes away from now but as promised the business news is next with dimitri

. thank you emerging market currencies are seeing the best start of the year since the turn of the century the russian ruble along with the mexican paso and the brazilian reale have outperformed the currencies from the major development developed nations sentiment is supported by a rising risk appetite of the e.u. leaders signed up for a strict budget discipline at monday's summit however seem jacobson from site survey believes the positive mood will not last long. the central banks continue to print money so much that they're actually running out of paper to printed on if you look at the easy be they have been expanding their balance sheet since july first by thirty eight percent in terms of currency strength and risk appetite has become a game of continuing to for all the credit she added what is extensively a solvency issue is little bit like pretending you can treat

a patient who is ill by giving them more fear and create a diagnosis of why the patient is sick but of course a patient will improve short term and this is what's going on with the risk appetite and that's what's going on with the currency market the chiefs have knocked back warnings from iran that the decision to impose an embargo will lead to skyrocketing oil prices the organization thinks a fair price for a barrel of branch should be about one hundred dollars david global director of research as plants says the worry is not so much crude prices will hit one hundred fifty dollars a barrel but that they'll actually for. most of the people we've talked to in the market don't expect oil to get anywhere near hundred fifty anytime soon i in fact the concern is really rather that oil will fall below that saudi arabia which of course has the greatest reserves of oil it can bring to market in the event of a disruption has made constant assurances that it's going to be able to fill any gap left by the iranians even if they attempt to close down the strait of hormuz

which looks increasingly unlikely as the weeks go by right now there appears to be plenty of supply available in the event of a disruption and of course there's a lot of stock to hand as well a lot of countries have been busily stockpiling crude oil and they've been well aware of potential structure for the better part of a year now so the market is positioning itself to withstand the supply shock so much so it might be oversupplied in the short term a lot of watchers are concerned that the price of all my fall rather than rise it may be be a case of being a little bit over prepared here for what might come to pass. going to be a markets at this hour start with karen c's and the devil is slightly below us is the european currency is some progress has been made in talks with the greek bond holders strong that while it was pushing russia's a ruble by twenty five copecks a stronger versus both the greenback and the year. boyle is still gaining values traders get the message that greece is close to the final stage of its tools

with bondholders that brings hope to the e.u. prices might soon be a result which in turn increases the risk appetite now this hour we're seeing is light sweet now below one hundred dollars a barrel was still up one dollar ten cents and brant is at hundred eleven dollars seventy eight cents per barrel. u.s. stocks are negative slightly this out within a half a percent with the main the concerns raised by u.s. consumer confidence retreating in january on the worries about income prospects. in europe markets that will soon be using most of this the just well thought of a percent that's off the you need is a. monday evening to boost the school integration germany's unemployment data came out also today i am pleasantly surprising to investors and fell to the lowest level since the creation of euro zone all the same for the sick rose to a record high for the eurozone as a whole this hour as i mentioned for you the fact that not just point three percent well we saw them up more than one percent so just an hour ago. this is the closing

picture in moscow in the r.t.s. and my sex managed to maintain gains at the close up to two percent for the r.t.s. my six one point two percent was the stronger ruble now financial shares were strong with her bank in the lead up the around one point two percent growth snapped up by just point four percent despite strong world prices and russia's biggest drugstore chain thirty six point six is among the top gains of more than two percent so that's on news of plans to open a drug discount chain to boost. russia's economic expansion is losing steam g.d.p. rose four point two percent last year according to a mid january by prime minister putin the final figure is actually just come out and it's a four point three percent well retail sales grew last year amid a wage increases industrial production growth cut in half to four percent as the euro crisis tighten the demand for export. bread only son will soon become the

controlling shareholder of russia's biggest carmaker after the co-owners have agreed to buy the twenty five percent stake currently held by investment banks like a dialogue the cost of the deal which is expected to be completed next month has not been revealed alice estimated that the one billion dollars this will give red only some fifty percent of the group the other major shareholder is the russian state which owns twenty five percent holding company of all stick all of. your stories of north korea have banned transactions with foreign currencies inside the country they say this was the last will of the late leader kim jung il citizens are being forced to exchange their foreign currencies to the north korean won experts say this could provide chaos in the country's markets where the chinese yuan is preferred by many merchants. all right in a few minutes bill will be back with the headlines and i'll be back in fifty five minutes i'm nothing.

was shot four times in total and i want to raise your hand. sorry of the bullets are still in my body. and people should be allowed to defend themselves wherever they are guns in the hands of law abiding

decent people are not our national rifle association was a group of basically retired military police love to shoot holes in i'm sorry if you know that the bullet comes out here and this makes it go bang and if what's in front of here is going to die and that's all the training you really really need raise your hand if you know something's been shot ok but to live without one of the philadelphia lawyers or the streets. to jail live without a gun hopefully we will never have to use the weapons for self defense but we should be prepared for the full class including the teacher i think was. seventeen students and six and one of seven last july.

with you twenty four hours a day this is our top stories now russia's foreign minister warns the un security council will never approve foreign military intervention in syria but says moscow has never insisted retaining the a sound regime was a condition for peace and as the syrian opposition rejects a chance for talks with the country's president instead of threatening the assad family with a brutal and bloody end. plans to expand the u.s. military presence in the asia pacific region threaten to back down the philippines which is often more american troops in china the state run daily has called for

sanctions against the on a nation for creating tension in the region. this is first somebody exposes divisions within the union but predictions they'll grow even wider that's just what most members agreeing to fiscal restrictions that critics say is an affront to sovereignty and democracy. back with a recap of the main stories in fifty minutes from now on the meantime we talked to the m.e.p. martin calen from the u.k. conservative party to learn more about where the form of the year's first bloc summit will be felt that's our special interview phoenix. today we're joined by. the u.k. conservative party and he's also the new head of the european conservatives and a reformist group at the european parliament thanks very much for joining us today

the first question is the e.u. . is this part of president the country over its controversial nuclear program statement british prime minister david cameron along with. merkel and said that quote our message is clear we have no quarrel with the iranian people but the leadership has failed to restore international confidence in the exclusively peaceful nature of its nuclear program now at what cost to the european union is this message being delivered. because you have agreed that we are not going to buy any more oil from iran number of member states to have. reasonable reason be considered a purchase that they would have to stop buying from iran but i think you know the overall. you know we have come together twenty seven nations to the radio and you know we really must get some assurances on the nuclear program it's

unacceptable to the rest of the world for iran to acquire nuclear weapons but i will factor will the sanctions be right now you see india still buying oil from iran with gold and you have china could possibly just step in and buy the oil that the u.s. and the e.u. don't want so how effective really will the sanctions be countries like india which of course. functioning democracies as well i'm sure other diplomatic pressure being applied to that too to maybe get them on board with the with the regime as well you know we have to be united as a world to say to iran this is unacceptable you will not be permitted to develop. nuclear weapons. we will leave no stone to the pursuing this policy of british petroleum or b.p. the british government as well as the e.u. have been lobbying u.s. lawmakers for an exception from another proposed new u.s. sanctions which seek to stop western companies from doing business with iran in

particular this has to do with the shah dinies project in azerbaijan iran has a ten percent stake in that while greece is now forced to find alternatives to almost one third of its oil imports from iraq even if it didn't want to to begin with and here you have the u.k. asking for an exception how can that be fair when we see if there is an exemption on that i mean this pipeline that you're referring to from us about ten percent owed by. iranian state assets so it's not clear what the exact effect will be on that but at the same time you know as well as the sanctions on iran we also want to pursue. diversifying energy sources for western europe this pipeline is a key part of that but it is rather hypocritical saying this is a message to iran there are going to be loopholes that we've accepted that there will be costs to to the west on implementing this policy on this it could well be that this is one of the costs we have to bear but i think there is not

a majority owned enough that there was only ten percent of it it is a key part of europe's attempt to diversify our energy sources and our and she base and i'm sure they will want to continue with this but further discussions will take place on exactly what happened to this particular project so basically what you're saying is it's ok to have sanctions against iran as long as it doesn't go against the goal of the e.u. to diversify its sources that would look like that that's the view that's being taken but i think the detail the detail work a lot to be done on this you know none of the sanctions are taking effect until august anyway let's talk about the euro zone this question has been asked. long enough even at a recent press conference of the. journalist to get a straight answer of whether or not greece will default or exit from the euro so what do you think will there be a greece default or it can give you my opinion but i think they will default you know effectively. that's being imposed on the bondholders at the moment

many could argue that that's effectively a default anyway. maybe your question is. will it be an uncontrolled credit event i just know. i don't know what is clear to me is the current debt. is unsustainable. in my view that debt will have to be reduced considerably one way of doing it would be for them to default and leave the euro i do my view that it's probably the most effective way of doing that and at the same time helping to save the rest of the eurozone but you know i'm not a member of the country just part of the euro zone so euro zone. but that seems to me to be the way that we're heading. that we delay this process the difficulties of being told that the u.k. wants to have a say what. we can give our opinions but you know we did not join the euro in the first place we advised against the euro

being created. many pitfalls that there would be along the way it looks like finding out the hard way that you know you can compress seventeen countries economic policies into one currency zone while still operating seventeen different economic policies well there are still some people who would argue that there are other solutions to this crisis one of which would be the issuance. of other would be the further of funding mechanisms vailable for countries that need them with germany contributing more and germany has said no to all of these suggestions and some would say that this behavior from germany is a. yeah. i would if i was a german politician i would.

look at the. right. this is the fundamental problem with the. creation of it. they will also continue to resist as well so that. where does that. push this forward. asking myself what is the point of this. crisis at the moment the next crisis five years. if countries are persuaded to rein in the.

deficit this is going to take. to be implemented by. a. country is that it. is going to provide a solution to a crisis that. is. distracting attention from the very real things that need to be done to solve the current crisis. instead of addressing the fundamental problems. crisis in europe none of these issues are being addressed by this so i don't think it work and i think it's essentially pointless let's talk about the european stability mechanism. this is the funding facility which will be put into place in the target is to have five hundred billion euros in funds that will be available for countries that may

need it in the future and also the e.c.b. is asking a for about two trillion euros do you think that. will be a big enough far wall to question any impact that a possible default or euro exit may have on other countries. if if spain or italy runs into trouble you know you could look at the market in those countries you can see that if i were not necessarily picking up but this is a matter for the eurozone countries and it was all going to be essential fundamental structural problems mainly in the euro zone. you know that being seventeen different countries this is the difficulty with david cameron uses veto with the e.u. summit against any treaty changes because he failed to get guarantees to protect the interests of the u.k. particularly of the city of london and france is circulating its blueprint for proposal on a new financial transaction tax how big of

a deal do you think this could become our position is that we will not accept a financial transaction tax revenue you look. in any event in any event. because it's pointless to get it you know it won't raise very much money it will just drive the institutions away to other jurisdictions like new york geneva or something outside of the scope of this tax there are electronic transactions by the nature that can take place in many different locations across the world so we don't begin to raise very much money we think will be bad for european business. we think it's unfairly targeted it will be paid by. by individual investors the big banks. will be clever enough to. operate on a worldwide basis. so they are the new. people

what is this. realistic acceptance of the limits of european integration. you know. about european integration. with the euro zone crisis. we could make. the. limits of national sovereignty being. sticking to their fundamental national democratic principle which is the basic building block of the european union so what are the. powers that are already in the european union.

the east side. to. her is just some of the buddhists to. smuggle.

on. the surface.

it's. top stories this hour in r.t. russia's foreign minister warns the un security council will never approve foreign military intervention in syria but says never insisted pretending the sound regime was a condition for peace and as the syrian opposition rejects a chance for talks with the country's president and threatening the assad family with a brutal and bloody end. plans to expand the u.s. military presence in the asia pacific region will threaten to backfire in the philippines which is offered to host more american troops in china daily has called for sanctions against the on a nation for creating tension in the region. and this is first e.u. summit exposes deepening divisions within the union with predictions they'll grow

even deeper that's despite most members agreeing to fiscal restrictions that critics say is an affront to sovereignty and democracy. those are the headlines i'll be back with our news bulletin in full in about fifteen minutes from now in the meantime kate is next with the latest sport. hello welcome to the tuesdays for round up with just hours to go on transfer deadline day and yet other headlines time running out russia's strike that pavel pogrebnyak is on the verge of joining pulling out of the transfer window slams shot . while staying put being a manager would govern but it is set to remain with the twice for russia calgarians . he wanted to quit because i. am getting ready to rumble the patriots and the johns arrive in indianapolis everything super bowl showdown on sunday. first

football of the salk a variety and with the transfer deadline now just hours away russia striker probably good at new york is reported to be heading back home to get to british after completing his move from stuttgart to english premier league side following the twenty eight year old has passed a medical in germany before putting pen to paper for the cottages the russian has scored only fifteen goals for the bundesliga side in sixty eight appearances thirteen just once this season and was left out of stuttgart three not playing defeat to burst you mention glad back on sunday but the forward needs more match practice ahead of this summer's european championships in public and to pray and call for the manager martin you all says he wants to bolster his attacking options . right now about israel is one of many in the pipeline but of those completed so far sunderland have signed manchester city left back wayne bridge on loan until the end of the season while gangs midfielder kevin is growing has completed his move to chelsea on a five and a half year contract they he will remain with the belgian club it's all jews.