ration to rule the day. the possible financial tsunami from the eurozone. tension of the world's top decision makers as g eight leaders gather in america. anti-government protesters in bahrain faced tear gas as iran calls for demonstrations against the country's plans for an official economic union with saudi arabia. that the syrian regime says al-qaeda militants in the country damascus releases the names of foreign terrorists claims to have in custody.

news twenty four seven this is with me rory sushant live in moscow the survival of europe's single currency and the shock waves from his possible break will inevitably dominate a meeting of the world's top eight political heavyweights g. eight leaders are now gathering in the u.s. where they're also discussed the situation in syria and that of pulling out troops from afghanistan the host president obama will also be balancing the small matter of his ongoing election campaign and he said reports. there are several challenges for this year's g. eight summit one is facing its host obama has his hands tied with an election coming up in november a lot of focus for him on trying to stay in the white house so he's going to have to balance domestic and international considerations at this camp david summit something that's never easy but even more so when you have voters to please and global leaders to reassure it's always a difficult thing to do even more difficult during the election he has in one sense

to reassure american allies the. america has remained strong and committed to the g eight and it has an important role to play at the same time he has to be sensitive to what his constituents in america are thinking about domestic concerns the economy unemployment housing all of the things that remain an issue already told the world that more ready to compromise on global issues after the election given it was by accident in that hot mike sit down with dmitri medvedev but with that incident aside many experts say that it's very unlikely we'll see progress on bilateral issues with russia per se on missile defense or iran's nuclear program in the election year now another challenge facing the group as a whole is the question many are asking does the g. eight format still work it's true that most countries of the world see the g eight

as outdated most countries in the world don't recognize. the singular leadership of the united states and its western european allies so in terms of what might come out of the g eight i think that again substantive policy decisions are unlikely rather this is going to be a much more much more geared towards padding obama's image as the host of the summit and showing the world that obama is this sort of a uniting uniting force rather than the divisive force that he has seemed to be for the for his first term now in terms of uniting one of the main goals and focus of this summit will be the euro crisis the goal there to try to get the new french president on board with all of the massive austerity cuts that we're seeing throughout europe this is something that european leaders will certainly be looking for obama to try to unite all of them on how to move forward with that but again a lot of critics think the g. eight is an outdated format and then you have all the speculation as to why

president putin didn't come perhaps it's because he doesn't understand how important the g twenty. the specially when it comes to the financial turmoil that we're seeing across the world not of course will be held in mexico into reporting from washington and he's now a r.t. . the euro zone's debt woes are getting worse now with our ratings giant moody's slashing the scores of sixteen spanish banks and greece has dissolved parliament ahead of a new election next month which may well result in an anti or stare at the government deciding to quit the euro the british prime minister has urged the seventeen nation euro zone to remain united but the director of the anti e.u. bruised group says that member nations are just too different to function as one. the european leaders aren't really doing what's necessary to generate economic growth within the eurozone and within the european union there is a major problem with the euro but that needs it disorderly dismantling that that's

what is required of the problem within the european union and the eurozone is a problem of growth and this parent imbalance is caused by germany and we can't have a common see you in with many different disparate economies which need different levels of support different interest rates different fiscal policies put germany in the european central bank forcing on countries like greece and spain and italy and portugal as well as other countries such as aren't austerity cutbacks coupled with tax why the switch of economic growth in a condom is already on competitive as a result of being in the euro and they just are now in a major economic depression that's what's happening in those economies with massive levels of unemployment and really no no future something radical needs to happen otherwise there will be more of the same and the same is a declining economy with ever increasing numbers of unemployment. let's talk specific numbers now right across the board on the financial markets today let's

cross over to our business just now and speak to dimitri about this good to see you again what are the numbers are telling us right now what they're telling us that the banks are creating a real paradox on the market i mean ratings work out by moody's as you mentioned earlier in the program and this is driving global markets down but actually one of the few it is these which is growing is i back then driven by spanish banks while of the stabbing i'll show you around fifteen minutes time. but escalating money troubles are not getting in the way of edu bureaucrats plans later in the program here on r t we look at how much it costs to stick a civil servant behind an e.u. desk compared to that of a chief executive at microsoft. in iran protests backed by the state have been organized against plans to form a european union style bloc amongst the gulf states two key american allies saudi

arabia and bahrain would be the first arab gulf nations to sign an agreement iran has called the idea u.s. backed plot to see bahrain become part of saudi arabia bahrain is seen anti-government protests for more than a year but fears now the potential union could strengthen the position of those sunni rules over a largely shia population professor sayyid mohammad marandi from the university of tehran says it's the saudi royal family together with washington that both stand to benefit the most. this is basically for the survival of the dictatorship in bahrain because the dictatorship the king is immensely unpopular the vast majority of the people of bahrain want the overthrow of the regime but unfortunately the west supports the saudis and the dictatorship but what ron is concerned about is that the saudi regime will attempt to annex i mean because

the dictator is immensely unpopular here been able to keep control and in order. revolution. allowed saudi forces to effectively occupy the country it's very interesting that the people of bahrain despite all this this small country has put up so much resistance and i think this itself shows the immense weakness that lies behind the saudi regime but the iranians believe that the fact that the united states supports the bahraini and saudi dictatorships also makes them responsible for the both the bloodshed as well as the current situation of large. now foreign mercenaries and al-qaeda linked militants are fighting in the ranks of rebels inside syria that's according to government officials damascus even released the names of alleged foreign terrorists it claims to have captured twenty are said to be arabs who have confessed to working for al qaeda the list also includes french and british citizens meanwhile washington

denies recent reports it's coordinating arms for the syrian opposition through arab gulf states and saudi arabia but the rebels say they've recently seen an influx of weapons from abroad for the meantime though the opposition remains split and antiwar activist jim brown says the syrian national council chief stepping down is more proof of the divide. clearly you have an opposition that is and there isn't a single opposition bloc and there are those voices that are clearly calling for an armed intervention and there are those who are clearly against it and i think these those two tendencies in particular are afflicted in the splits in the opposition the united states has its own very special interest anyway and it would to some extent it would rely on its local allies but on the other hand would never see complete control to them so they would be working in parallel the united states

would prefer a regime change as it's preferred outcome they would like to eliminate part of the opposition to iran and i don't think that they consider there's a possibility of a favorable outcome if the syrian government remains in power and whatever they say whatever they talk about peace i think for them that's the that is the bottom line that is their objective. watching r t is good to have you with us today still to come on the program change for worse a look at the crime and chaos unleashed by egypt's revolution the peaceful democratic change. is.

the official altie application. from the. video. old girls. and. the palm of your. on the dot com. coming to you live from moscow now they are on the streets to protect. but a rising fatal police shootings across the u.s. is a leading some americans to wonder where the real danger lies with a report from california. spectators in the small california courtroom

gas that a video off a man lying on the ground screaming they're killing me while being severely beaten by police at first when thirty seven year old schizophrenia sufferer calley follows appeared on corporative the officers gave him a terrifying warning. and i. heard. later in the video you can hear thomas repeatedly apologizing to the police and even crying for his father's house. they continued their assault with fests and tasers she lost consciousness and died in hospital five days later it sparked a series of protests across california demanding justice for victims of police brutality yes this was no isolated case while police officers in a neighboring californians it's we are standing trial for the down the county

thomas here in downtown l.a. people who came out onto the streets to remember the first anniversary of rain now there is not will be shooting the killing of dale garrett it's with blood increasingly on the hands of police officers across the country many people here say police are using excessive force far more than necessary dale guard was shot by an officer twice in the back the police chief insisted the decision to open far fell within the rules but many here find it hard to understand how shooting a man from behind constitutes self-defense since nineteen eighty three only one california cop has been convicted with killing on duty after oscar grant was shot dead a new year's day two thousand and nine the auckland officer told his trial that he meant to draw in for his taser not his gun he was sentenced to the minimum two years he was free in months but. police shootings are on the rise across the

state the latest just two months ago in the death of unarmed nineteen year old kendrick mcdade shot seven times during watch turned out to be the false report of froggery community groups aids time the police came under the people's control the laws and the justice system that applies to normal folks working people there's a whole different set of laws and justice that applies to the police i mean there's there's rarely any or any form of justice that's brought to the police so i mean they make their own laws or they're above the law really cases of police using excessive force happened primarily in poor mainly black neighborhoods but cali thelma's killing in a wealthy middle class town shows the badri suppress violent search shifting and californians one turn a blind eye anymore mind you the question archie reporting from los angeles california. quarter past the hour here in moscow plenty more stories for you to

explore of course with. a quick look now israel's denying the wounding civilians in gaza palestinian doctors claim that seven people will hug the end of time. and deep impact not so warm so almost five thousand asteroids pose a danger to our planet but most of these space troops continue to fly beyond the radar all those details that on t.v. dot com. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture.

this is r.t. before we get to the world up there let's turn our attention to france now where the new president's first decision in office was to cut his own pay and the pay of his cabinet by thirty percent over the opposition says with fourteen extra ministers now in office the cost to taxpayers is actually going up but splashing the cash for bureaucrats is nothing new to the e.u.

as artie's testor are sillier now reports. good income great working hours generous benefits career growth and essentially a job for life it's no surprise that the tens of thousands of applicants across the european union vie for permanent posts in the e.u. institutions are is one of them i applied because maybe i get the chance to become a star but it's job more secure can transfer to another position of their two years walking the halls of these buildings are thousands of men and women who want this massive you wish to marry the manager of the union for five hundred million citizens no doubt requires manpower but so many people are quiet foul or talks players money is concerned it costs between seven thousand and fourteen and a half thousand euros to simply go through the process of hiring one permanent staff there's an awful lot it's probably the same amount that a company would pay only creating a chief executive say i want her so that's of course ridiculous by no means to fund

the board why is it that these stories keep on emerging i think in all honesty. e.u. officials who really matter they don't seem to care i mean they might say certain things but at the end of the day they are asking for more money year after year after year this time the e.u. commission is asking for a budget increase of six point eight percent for two thousand and thirteen taking the total amount to one hundred thirty eight billion euros about twenty three million of which will go to the european personnel selection office or eb so in charge of selecting potential permanent staff selected candidates are then placed on a reserve list for about a year for much various e.u. institutions can choose if you keep people or is a list this list is only valid for a certain time off to which these people probably find jobs so where's the value added in that the cost of hiring people could be much higher we also need to select

people on the broader. possible geographical bases so we need to to to to to make sure that people from all countries we presented there is an additional cost for that she adds that in an exercise comparing the cost of each new hire and twenty nine international bodies including the world bank and the united nations episodes average cost per person is still lower but in this context. where millions of jobless e.u. citizens are hanging by a thread critics say that no amount of justification is going to make this situation appear like taxpayers' money well spent tess or sylvia r.t. brussels. straight to iraq now to kick off the r.t. world update and triple blasts have struck an outdoor pet market in eastern baghdad killing five wounding dozens at the bombings took place in a portiere neighborhood while it was crowded with shoppers markets are one of the

favorite targets for militants daily violence now has dropped dramatically across iraq over the past five years but random attacks to continue. violence has engulfed a jail in honduras where armed inmates took control of the building and battled among themselves at least one person was killed and eleven injured when prisoners opened fire on each other in the city of san pedro sula some women were also held hostage in a jail notorious for the bloodshed and the clashes thirteen prisoners died there in march during our crisis i wonder and prisons are infamous for overcrowding and rioting. thirty four people have been killed after a bus overturned and crashed into a river in central vietnam it smashed through the rails of a bridge and plunged over the side of the bus was traveling from the central highlands to city in the south twenty others that were badly injured. you know.

revolutions don't just spring freedom and human rights as egyptians are now finding out since last year's uprising the country has faced crisis chaos and a crime wave of burglary and armed robberies over the story from cairo is. it's not just protests the disrupt peace on the streets of cairo just ask taxi driver. it was calm before the revolution one hundred percent where in a total mess now i used to drive anywhere wherever the waters came from never refused a customer now i park my car in the garage at six pm and go home i put a special security system on it so it would be harder to steal. the robberies car thefts all have become part of a daily life in large cities like cairo and alexandria since after the revolution many people say the police at times simply choose to turn away when a crime is being committed. all hell broke loose after the uprising i know some who

escaped from prison there are still stealing and looting the use guys who steal cars for them and then use those cars to deliver cocaine and hash to drug addicts. people say this was something unheard of before the arab spring in the mayhem that followed the uprising of january two thousand and eleven many believe thousands of convicts escaped from unguarded prisons a crime wave has followed with egyptian media reporting more than twenty five hundred murders and some two thousand abductions since their revolution yet the police are accused of doing little or the police a lot of respect a lot of. the tools that they had to work with like the weapons the cars. of the different people for that this police has been treated

like. for the last thirty years i would say for a long time maybe for six. this police is not nothing to us we are the police and that's why in my opinion the minister charged with enforcing the law has a very different view saying the situation is under control. want to set up the shot i told the members of the people's council look at the results we managed to achieve in record time i'm sure that no one could have done as much we had a total collapse of everything stability was nonexistent i delivered all numbers regarding organized crime groups robberies and thefts they were committing and the achievements we've made have died in the meantime until calm returns to egypt ibrahim and others will continue to close up shop early in his room before sunset fearful not only for their property and positions but for their safety and lives in

cairo it goes go. straight to the business update for this hour dimitri good to see you again if you can you just clarify one thing for me why is it that spanish banks are rising while the whole world is falling because of them well there's media speculation that a short selling ban will be introduced for spanish banks so therefore it will not you will not be able to speculate again spanish banks will be able to buy your hold or basically sell what you have so therefore we seeing some spanish banks actually putting on more than twenty percent like bam here say meanwhile the dax is almost completely coming back to the closing values of the previous session of footsie is still a bit low on the back of moody's you know have cutting its roof sixteen banks that their ratings to a level which is creating a lot of worries coupled with worries about greg since now over here in russia it's much much better than it was at the beginning of the session with the my sex coming

into positive territory when it was three percent down at the beginning of trading the r.t.s. is still slightly lower take a look at what is moving the my sex world basically polymaths always gaining on higher oil prices higher gold prices rather gazprom has come back pretty much where it was and burbank is. exactly eighty rubles pushchair. after falling seven percent in the previous session so banks worldwide have been hit except for spain let's take a look at this graph which illustrates how the my six has been performing over the past month and it's a slope downward so with a few exceptions of some trading sessions as you can see right before the ninth of may all the days of the slight jump altogether fell twelve percent over the month twenty percent over the past two months we're at two and a half year lows. on the currencies market the ruble continues to fall in the nose

diving i should say against the both the dollar and the euro twenty eight copecks of thirty one copecks respectively up while the euro continues its decline as more shareholders are going into cash and cashing out into the greenback mainly and on the commodities market not much support is seen for the russian market of course very important commodities are sweet as up seventeen cents well brant continues its downward trend towards one hundred dollars per barrel. something to watch today pretty much watch watched worldwide is the beginning of trading for facebook its i.p.o. is already raked the company sixteen billion dollars valuing at one hundred and four billion dollars now the price came in at thirty eight dollars per share at the top of the range and this saves a big windfall for the company that began just eight years ago with no way to make money now among the facebook facebook shareholders we're seeing right now is the russia's fund d.s.t.

and its own a billionaire it was smart of these daniel was to explains how it was made of made his way to the world's top social network. started building his facebook stake in two thousand and nine just as the global economy tanked and investors were pulling out but social networks a wildly popular roster in fact thousands of private investors have bid to buy shares in the world's favorite websites so much so that the top brokers this film will miss out. we cannot guarantee our clients that they will definitely get facebook shares his demand is huge underwriters prefer a big institutional investors who will hold the shares for a long time meaning the price is more stable. investment terms tea and meldrew will malt that eight hundred million dollars was an absurd sum to pay for facebook's own proven concept but with the slightest tracting five percent of all u.s. internet advertising the i.p.o. will now earn him billions yet the social networks for from russia's only world

beating online gamble so what's been the secret social gaming course on phones to read russia than in the u.s. or europe russian developed farmville became facebook's most popular game while cut the rope created by russia's it was a top download on the store and russia is one of the few countries to beat out facebook and google yandex is the number one search engine and facebook's less popular than local royal v.k. now facebook rival twitter is being tipped to follow it and go public that signals another huge payday for russia because mail rooms also bought a large stake in twitter and my colleague katie pilbeam will be commenting on facebook's performance tonight for you they had lies are next on our. the big.

culture is that so much i'm afraid we're going to make it a lot of people in your area but the germany and the future of europe and the euro zone a currency regime conceived in hubris and now was collapsing in romans can germany maintain. his feet.