on the side of a dormant volcano in an area where the jad had last been seen on raiders let's now talk to sean thomas. so shy while we know about the rescue operation so far well it is currently morning in jakarta and the region where the sukhoi superjet went down in fact what we do know is that air force officials are confirming that they have found the wreckage of the plane including parts of the fuselage which they believe have the markers of the company which built the plane so they're pretty sure that they have found that actual wreckage site now through the night while it was too dark for helicopters to get up into this area more than eight hundred military officials and policemen and volunteers that worked through the night to try and get to that scene on foot from the three different search locations around the mountain this is mt sol which is near bogor which is south of jakarta indonesia they found the wreckage at an elevation of fifty five hundred

feet on that mountain which is actually a volcano as well now they don't know the condition of the plane fully they don't know what is exactly happened that investigation is now forthcoming as they actually try and get to the site as part of this rescue operation but unfortunately they are saying that they do believe that the forty eight or forty seven there are conflicting reports about how many people were on board that plane are feared dead at this time all right well the city hall jazz a flagship for russian aviation as we know great hopes and expectations have been invested in it and it looks like what happens it will give it a huge blow well certainly the super jet was supposed to be the revitalization of russia's aviation industry which took a big blow during the great recession in fact this is the first jet that was fully developed and built post soviet union and it was meant to revitalize and basically bring a new hope to this industry in fact. one thing is indonesia was one of the largest

customers or potential customers of this new jet which was designed to be a short haul domestic carrier so at this point in time it was a brand new piece of technology brand new airplane it had high hopes not just in terms of the revitalization of the industry but also in terms of the technology on board this plane there were lots of good things being said about that so in terms of a blow in till the investigation concludes that something went wrong with the airplane right now people are looking to pilot error and hoping that it still doesn't undermine the future of this aircraft. all right john thanks very much indeed for this insight sean thomas reporting there. well it happens to form a coalition half so far failed in greece as far left leader alexis to press rejected proposals by the probate parties this comes after sunday's parliamentary elections in which no party managed to secure an overall majority of the deal

greece will be forced to hold a new election in june german chancellor angela merkel said any new greek government must stick to the astaire any plan agreed upon in exchange for the bailout economics experts warned her demands are unrealistic. is speaking as if. the implementation of the fiscal adjustment program. agreed between a good government and the european union. is a matter of when the greece wanted to implement it then you would be able to do to do it. this is a very profound letter. greece cannot implement this plan because this plan cannot be implemented by anyone it flies in the face of economically i don't. but if greece does try to implement it as it has been doing over the last year and a half or so all that will happen is that the day is going to get worse that the

session is going to deepen and this often only is going to be entered more into its kind of coma so what mrs merkel is asking the greeks to do is mission impossible. well a are they aware of the nobel prize for economics ken joseph arrow tells r.t. how sorry he is not the way forward for greece or the entire eurozone. or the tendency which is partly through the united states but much more true in some parts of europe of too much austerity when we have. a condition of deficient demand massive unemployment i think the idea that you want to stimulate the economy. through government spending. is pretty clear. they probably would have.

made a mistake by not. trouble. overspread the. course with a deficit that was. a prosperity that was. on our team. so i had. plans to go. against. the financial crisis and budget cuts in the us forced people to leave their homes and even seek solutions. here minutes.

today. these are the images. from the streets of canada. the day.

watching r t the un chief says bomb attacks in syria including the most recent one which exploded near a monetarist convoy on wednesday cast doubt on the future of the observer mission in the country the roadside bomb blast left several soldiers injured the u.n. envoy to syria warned his peace plan is the last chance to avoid a civil war brian becker from antiwar coalition says until rebels stop receiving weapons from abroad while. will continue. you have to look at the bombing and see who is the material beneficiary from the continued escalation of violence and i would have to say it's not the syrian government but those who are for mental and civil war in syria that would be parts of the armed opposition and that armed opposition is getting arms from turkey from other arab regimes in particular saudi arabia and the gulf states and of course the backing of the nato powers they're not seeking reconciliation they're now seeking

a brokered peace every effort by the syrian government to enforce a cease fire or to make concessions is met with armed opposition groups who are having weapons funneled to them from the outside we know this not only from the syrian ambassador but even from kofi annan the u.n. delegation which is acknowledging the flow of arms from outside into syria who would do that and why well the only ones who would do it would be those who don't want to settlement don't want to negotiated peace want in fact a civil war leading to the eventual overthrow of this current independent government in syria. well you can go deeper into our stories at our website and the line you can find find out how ukraine's jailed. on hunger strike well she's been moved from prison to hospital after ending her nineteen day protest after claims of abuse from prison guards. and thousands of troops impressive military hardware and helicopters russia on earth it's better and celebrating sixty seven years of

victory over the nazis in a world war two with a spectacular on red square and watch the action on you tube channel. he used to. be official. from the. video. and.

now opposition rallies are continuing into their fourth day in moscow with around one hundred people spending the night in one of the parks in the city center being most of the protests have been dispersed while several hundred people have been detained opposition leaders. have been sentenced to fifteen days imprisonment for resisting police mass walks and sit ins across moscow started on monday dave and was sworn in as the new president on. sunday the white ribbon movement called for a million man march which turned ugly when some protesters started throwing stones and trying to provoke police take a breeze swallowing the rallies. was actually behind me has been going on all day but it wasn't till the last couple of hours where the numbers really swirled now about a thousand people have congregated it's a very public event organized on the swiss in fact i'll start out by let's say no

bounty program to opposition activists early tuesday morning when a similar demonstration was staged and the ethos of this is continued on to wednesday is all about the voiding political chanting and political sentiment that's because it's not actually has sanctioned demonstration therefore they risk arrest by doing so normal less late tuesday evening there were arrests of the tensions being made official police reports but that's about two hundred people but protesters stressed it was more among those being detained crucially were alexina valley person originally started for organizing this he will be remain in detention for fifteen days as will. head of the left front of proving quite problems again when it comes to organizing such demonstrations this has angered some of those in attendance and really a spy them to come out this evening know how seeing protesters in action earlier on today there the white river move in that we're seeing here at the moment for free

and fair elections is their slogan they join the ranks of the communist party really latched on to their fishley sanctioned demonstration you could hold their own independent want this is a question that's been asked of the movement of the moment do they have the numbers to continue in force you know there's a few opposition activists who play a pivotal role the bound me down soft but and they have their core followers as well but they pass a lot of the major milestones that lead up in protest of the presidential elections to the inauguration anted here on victory day it must be some wearing us now among opposition leaders about how to drum up more support on the streets in the future. take a great reporting there all u.s. plans for a european anti-missile system may remain a real headache for president putin and nato summit which kicks off in chicago in ten days will give the green light for the activation of interceptor missiles in poland but while washington is refusing to provide any legal guarantees the system

is not a threat to russia's security moscow might be forced to take action. reports scared distrustful and even hostile these are only some of the labels small school has received in the west for expressing concerns over washington's controversial european anti-missile shield plans the u.s. wants to build european support for this missile defense system the washington you know very mistrustful of the u.s. global agenda and want to use this issue to just walk to us you know why aren't. we sure that is warm. and confident. to make russia's position clear the defense ministry organized a special conference in moscow visualizing its warriors in a graphic clip experts say that by the year twenty twenty when the final phase of the shield will be ready nato bases in europe will be able to shoot down russian intercontinental missiles this moscow says violates the principles of nuclear

containment and would dramatically shift the balance of global power. that would have no objections to the will of the u.s. to strengthen security in europe but it cannot be done at the expense of our security security cannot be divided and that's one of the principles of the start treaty signed between moscow and washington the u.s. delegation again played down talks of a possible threat to russia now dearest chairs. here. we trust you said you were here in. the street. but words do not match actions according to moscow with washington unwilling to rubber stamp of those promises in a legal document until it does russia defense ministry says it will continue to grow military potential on its borders ready to act against america's a.m.d. ambitions even preemptively sujoy them is that. taking into account the

destabilizing nature of the missile defense system and in particular creating an illusion of an on punishable strike the decision about a preemptive use of force will be made in a period of heightened tension the deployment of new offensive arms in southern and northwestern russia including its canned missiles in the callinan grab region provides for the destruction of the european missile defense infrastructure. this scenario is clearly seen as a last resort however moscow is standing strong in its position sending the ball firmly into washington's court. the most goes conference happened just two weeks before the nato summit in chicago where the alliance is expected to officially launch the first phase of the year m d and while nobody has any doubts that the points made here will not change the summits agenda they may eventually urge washington to provide legal guarantees that this system will never be used against russia something more school has been demanding for the boss several years let's

see reporting from moscow now take a look at some other stories from around the world football fans clashed with police in the spanish capital overnight thousands forward into the streets celebrating athletico madrid victory in the europa league final violence rupp that won a small group of fans started throwing bottles and stones at police who tried to push the crowd back several people were arrested after the confrontation. the levy and riot police have fired tear gas at anti-government demonstrators and clashes broke out when thousands of workers protested over pay and work conditions laborers were joined by union members united in their opposition to the president it was a very different scene in the city of culture where people gathered to show their support and solidarity with the government. brock obama has become the first american president to back same sex marriage he said gay couples should be able to

wed legally thus ending months of dodging a direct answer about his position a bomb also mentioned it's important to him that all american troops are able to commit to marriage for mark follows a vote on a constitutional amendment in north carolina that makes it the twenty eight states to prohibit same sex marriage. but more than two point five million homes in the united states have been repossessed by banks since the financial crisis struck the country anger over the crippled economy is deepening as people struggle to find work pay their bills and keep hold of their houses and that's forcing increasing number to turn to lethal ways out or has a story. dozens of police and swat teams sworn in on the small central california town not what you'd expect for what was supposed to be a routine for closure but at this point we believe the suspect is barricaded inside of the apartment complex we don't know anything about him we don't know what the motive is behind this shooting all we know is that we have two people dead

apparently forty five year all jim richard ferrero had his motives he was losing his condominium because of her fifteen thousand dollars home equity loan he could no longer afford to pay the condo was salted an option for a knock down price and ferrero was handed and objection notice it proved to be the last straw for the former security guard who barricaded himself inside his home and refused to walk out alive and worryingly such an extreme act hasn't been an isolated incident in this area and public safety as a whole has been affected by the economy just like everybody else live there isn't anybody in the community that hasn't been affected by this economy last year the town's foreclosure rate was the third highest in the country with one in after a nine thousand properties reposed by the banks the entire region is ravaged by unemployment and budget cuts and it's a story being repeated nationwide with a quickly bloody consequences in phoenix

a man opened fire on police when he refused to leave his house in ohio an old married couple killed themselves when the faced with a vacation while in florida and then was gunned down by police after he said his recently for close time house on fire these doubts by foreclosure killings have been going on quietly around the country average since the financial crisis threaten to pull the rock from those only surviving on credit i think people get desperate and they don't see. the light at the end of the tunnel that you know it's ok if i lose my home and i. somewhere that i can afford and i can rant i just think we really get a package. and are very reluctant to give it up and i think it burdens on. desperation when you. was no sign of any recovery in california's economy and

stubborn unemployment it means the body count looks set to only grow in the months to had x. prayed for because the huge surge in home foreclosures this year while the threat of a shadowy invent trio soon to be foreclosed homes continues to hunt housing markets there is a question how many more depressed people forced from their own homes and with nowhere else to go are pushed to the very edge determined to do anything it takes to stand by their property till the bitter end much of the question archie reporting from california. get the latest from the world of business in session ask you there and the day as good morning to natasha so morning was driving the markets today. while it all pretty much shrivels around europe this thursday morning as wall street drop to a lower overnight mainly on concerns about health the european economy and asia seeing pretty choppy trade mainly for the same reason let's see those asian figures there and tokyo opened sharply lower briefly dropping below the psychologically

important level of nine thousand points it's bounced back somewhat but it is you can see it still in the red mainly as a tech stocks are under pressure as a u.s. giant cisco reports and i'm certain outlook and a stronger in yen means that x. quarter's are under pressure and in hong kong the stocks turned sharply only lower on the disappointing chinese trade data it showed that the country's exports grew a less than five percent in the month of april compared to the same period a last year and that's way below. expectations and in the united states those a european worries that brought the dow jones industrial average to below was a level is sensed a lot august and all of that is of course because of mainly because of greece since all attempts to form a coalition government and reset of

a failed so far investors are really worried that the country might drop out of the euro zone in the near future on wednesday the euro zone rescue fund said it will transfer four point two billion euro to greece on thursday as part of its rescue package and that's one of billions of year old less than planned the european financial stability facility splendid decision by say the remaining one billion is not needed before june and will be dispersed depending on the financial needs of greece. and of course all of that is affecting the oil markets as well as you can see oil is trading a lower for a six straight trading session mainly on concerns about the health of european economy has already mentioned and indeed this one both france and greece choose not to elect the leaders that support the austerity measures it's pretty worrying and of course now on to the currencies the euro at the moment is gaining ever so

slightly against the u.s. dollar but as a general trend with all that uncertainty over europe it's no surprise that the cautious investors of piling into the dollar bringing the euro to three month a low and the russian ruble as you can see was trading let's bring back the currency markets there the russian ruble closed on tuesday pretty much lower against the euro and the dollar will bring you the latest figures as soon as the russian markets reopen in two hours time let's now see the rushed. the russian market figures there are some markets close the whole were on tuesday the last trading session wednesday they were closed as the country celebrate a victory day and the r.t.s. was down around half a percent there was no sign of the much anticipated putin and accurate. back to you

monday and i'll be back in about fifteen minutes with all right thanks very much indeed for bringing us this update on the latest of course as you said we're looking forward to the opening of russian markets later in the day so stay with us for that and in the meantime here in our city there's plenty more coming your way including the headlines and also our interview where we look at the euro crisis in more detail.

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welcome back you're watching our team down here live from moscow and here's a look at the top stories the wreckage of a state of the art russian airliner which went missing on wednesday in indonesia has been spotted on the side of a dormant volcano in the fate of all those on board is under. continuing volleys in syria are undermining the united nations peace plan the u.n. envoy warns a blaster putting the entire observers mission in jeopardy a roadside bomb blast left several soldiers injured. and greece is left hanging as politicians failed to form a coalition government with a far left leader giving him resigning no bailouts for the german chancellor demands a stare at him is that help. also the top stories next we talk to the winner of the nobel prize for economics kemas joseph who tells r.t. how he thinks the eurozone.