all. but euro crisis. over the g eight summit in america with president obama are expected to rescue measures from the e.u. his campaign for reelection. plus outrage in iran over plans to merge two of america's switch to calling us to reshape the region. egyptians may have hoped their revolution would bring them change but it seems it only brought crime rates and safe streets. it is good to have you with us here on. rory sushi live in moscow as the u.s.

president hosts at this year's g. eight summit he's expected to pressure eurozone members to apply a more expensive bandage to the open single currency wound but barack obama's admitted to having his hands tied on certain issues as a reelection worries dominate his thoughts and with more from washington as. 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 that 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 so both already in the world but more ready to compromise on global issues after the election given it was by accident in that hot might 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many are asking does the g eight format still work it's true that most countries of the world see the g eight as outdated most countries in the world don't recognize.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 is especially when it comes to the financial turmoil that

we're seeing across the world not of course will be held in mexico in june reporting from washington and he's. no way r.t. i know this year's g eight gathering is looking increasingly like a euro zone the summit with the german led focus on austerity likely to come under scrutiny this sentiment it's spreading fast across the whole of europe along with fears about greece leaving the year where we reported on the gathering storm clouds short. pro-government demonstrators have taken to the streets in iran to protest what they are calling a u.s. ploy to reshape the region to iran's on happy about plans by two of washington's key allies bahrain and saudi arabia to cement a military and political alliance the islamic state fears washington is orchestrating the unity push to force it into a corner iran has summoned by diplomats for an explanation of this as pro-democracy

protests in bahrain have again been met with brute force as police dispersed the latest rally with tear gas and rubber bullets one iranian professor told r.t. that america's gulf allies desperately clinging to power. 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 to throw the regime but unfortunately the west supports the saudis and the dictators but what ron is concerned about is that the saudi regime will attempt to annex for hain because the dictator is immensely unpopular here been able to keep control. in order. to lucian. allow

the forces to be occupy the country it's very interesting that the people about i mean 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 balcony in saudi dictatorships also makes them responsible for the both the bloodshed as well as the current situation at large. i know we are closely following the action in bahrain on line just head over to our web site our to you dot com for the latest updates including dining out the ruler of bahrain decides to abandon his kingdom torn by protest so all of this so he can enjoy the lunch for the queen's jubilee and buckingham palace. and the fisherman for sale north korea demands two hundred thousand dollars for the return of twenty nine chinese men captured at sea those details also on our website.

it is good to have you with us on r.t. today ratings agency moody's has downgraded the credit scores of sixteen spanish banks soulmate fears madrid may be next to fall should greece exit the euro zone it comes after billions of euros were withdrawn from greek and spanish banks this week as people grow increasingly worried over the safety of their savings let's hear more about this now from our chief business there's katie good to see you again people in greece and spain have been withdrawing their funds in panic how significant is this downgrade we've been talking about well there's a bit of a noise about all round very worried because we're looking at so many different figures at the moment we've got a recession on the cars we've got surging i'm point out the wall i will say that

a five year property bust as well so all of these factors a really a concern as you said we could possibly leaving the euro zone as well i mean i've been absolute dissolve so we're already talking about the prospects of greece let me just mention greece as well because of the e.u. to have that credit rating reduced from minus b. to triple that is just adding insult to the. injury let me tell you as well that we are back from his pools is indeed gaming would you believe the only gaming both in the european market today a lot of that is because there is a worry about selling has been banned for a short while so that investors don't benefit out of a strange decline oh ok thanks for that we'll see you soon kind of staying with this story here on our leaders are adamant the eurozone must be held together and one expert the director of the bruges group believes that the member states are simply 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 at the problem within the european union and the euro zone is a problem of growth and the disbalance imbalances 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 but germany and the european central bank are forcing on countries like greece and spain and italy and portugal as well as other countries such as our land austerity cutbacks coupled with tax rises which of her economic growth condom is already on competitive as a result of being in the euro and they just one or the other 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 that needs to

happen otherwise there will be more of the same and the same is a declining economy with ever increasing numbers of unemployment and at the worst hit victims of the euro crisis or the millions of europeans who have lost their jobs and incomes almost half of all spain's youth alone are out of work and yet this is not stopping brussels from spending thousands of euros on bureaucratic processes from ministers this report from artie's tester arsole. 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 staff member it's a 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 uber

shimmery managing the union for five hundred million citizens no doubt requires manpower but so many people are quite far out 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 crew chain a chief executive say a more personal but of course ridiculous by no means to fund the bill why is it that these stories keep on emerging i think in all honesty the 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 heroes 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 from which various e.u. institutions can choose if you keep people reserve 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. geographical bases so we need to make sure that people from all countries be 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 yes or sylvia r.t. brussels. you're with r.t. on air and online twenty four hours a day so ahead for you in this hour of the over the strong arm of the law go rages in the u.s. over an alarming rise and police brutality cases a lot more of that in just a few minutes here on araa. 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 everything. i'm tom harpur welcome to the big picture. this is in a few minutes the world updated to be careful what you wish for that's what it gyptian so learning the hard way now last year's uprising and the revolution brought about change but mainly by destabilizing the country it's the people facing chaos and a massive crime wave of burglary and the robberies with

a report from cairo. it's not just protests the disruptive 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 they were scam from never refused a customer now i park my car in the garage at six pm and go home with a special security system on it so it would be harder to steal. 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 us guys who steal cars for them and then they use those cars to deliver cocaine and hash to drug addicts

so that. people see this was something unheard of before the arab spring and 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 work with like the weapons. of the different people for that this police has been treating my. family. and me for the last thirty years i would say for a long time maybe for six years. this police is no nothing to us we are the police

and that's wrong in my opinion the minister charged with enforcing the law has a very different view saying the situation is under control i. want to settle i've got my discharge you told the members of the people's council look at the results he managed to achieve in record time i'm sure that no one could have done as much you know we had a total collapse of everything stability was nonexistent i don't have it all numbers regarding organized crime groups robberies and thefts they were committing and the achievements we made of parm that in the meantime until calm returns to egypt hebrew him and others will continue to close up shop early and head home before sunset fearful not only for their property and possessions but for their safety and lives in cairo in a ghost go our tea party is coming to you live from moscow a massive explosion and fire have hit and belonging to russia's ministry of defense and the country's far east officials say

a number of weapons exploded when they were being disposed of but the explosions raged for hours prompting the suspension of the trans-siberian railway part of which is located just a few kilometers away from the site of the incident officials say two people have been injured while more than two thousand being evacuated from nearby villages. straight to iraq for the r.t. world update now three simultaneous blasts have struck an outdoor bird market in eastern baghdad killing five people wounding dozens and the bombings took place in a shia neighborhood where the area was crowded with shoppers violence has decreased in iraq over the past few years however insurgent attacks on security forces and civilians continue in an attempt to undermine the shiite led government. a bus has crashed off a bridge in central vietnam killing thirty four and injuring dozens of the crowded coach was travelling to the city of hope in the south when the driver lost control

causing the vehicle to plunge eighteen meters into a river over eleven thousand people die every year in vietnam in traffic related incidents. the un chief says al-qaeda militants were behind the deadly suicide car bombings that killed fifty five people in syria last week thank you moon also said that they're holding a crisis now stands at ten thousand meanwhile anti regime activists have called for more mass protests to keep up momentum following a huge student and i want thursday violence still persists in the country and government forces have renewed their bombardment of the town of russell in an attempt to break up defensive lines set up by the opposition. now they are called on to uphold the law but does that mean they also need to abide by it increasing cases of police officers using excessive force of sparked public outrage across america and some fear just might be too late to turn the tide now with this report

artie's medina of caution. speak teeters since the small california court room gas but 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 repeated the apologizing to the police and even crying for his father's house old. girl. they continued their assault with fests anteaters she lost consciousness and died in hospital five days later it sparked a series of protests across california and 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 afraid another 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 garrido 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 to a sentenced to the minimum two years he was free months. but for. 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 the 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 a bus 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 any form of justice that's brought to the police that 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 violence are shifting and californians want turn a blind eye anymore by the question archie reporting from los angeles california.

but in about a ten minutes time here in our off to the kremlin as we explore the cultural areas around russia's main tourist attractions in just a short while we'll get to it for another a quick preview. as kites fly in front of the kremlin and act as bacon that carries the costumes it's clear to everyone loves to walk side take in the beautiful surroundings and cherish the warm sunny weather when it comes to walking in the street you don't get much better than that. and don't worry if you don't know your bolshoi from your bullshit tourist spots aside moscow's entertainment scene is packed with a wide range of activities and.

are taught to check in with katie that you are not to see you again i understand that we have been chatting about the european markets the ongoing euro zone crisis but now the u.s. markets are open investors across the pond are feeling the pressure as well perhaps yeah they are quite right rory i mean they've had quite a flat stall really other sort of floating but seeing gains and losses really now that being helped by less than the estimated corporate profits that's helping to offset the pressure coming from europe and of course talking about facebook today well we've the nasdaq if you can see the figures on the screen if you want to feel like the nasdaq that will be welcoming place but the i.p.o. i know the forty five minutes now to be interesting to see how that one pounds out right there we go for basis points out the dow jones out about eight down at the nasdaq right now but on important nasdaq it's changing roles as i say less than forty five minutes down let's go into the european markets and see how they're getting on the other g. eight leaders are meeting to dine out german find out

a minute there wolf. it's hoople a saying that the toll in great all of the european sovereign debt crisis could continue for another. is that is pretty dismal now i also want to mention as well that i read just now that apparently polls to do with raise are saying that the political parties that are for an agreement with international leaders are gaining some popularity with the necessary to see the next day we'll be watching that one it's going to the common currency how. goldman this hour put it one twenty seven nineteen is it still a live performance of the ruble will be closing up and less than ten minutes time when the russian markets closed but it's been a full day it looks out the u.s. dollar and the year i as they do invest his head towards the u.s. dollar they ultimately say take that as they call it now let's have a bit about the markets i spoke about them it's been a pretty poor day but not quite as bad as in the session when we saw losses all around the region is that. the my sex but they all do the finish on the back let's

see you have the leverage on the shake his in the sessions they managed to these seven percent yesterday not quite so bad today if you look at the stock price to. go to eighty four for the big spender hey rocky gazprom as well really feeling the pressure on this uprising to monta really a loose them because of the greek exit these things will probably muscle as well just a slight not that let's talk about the russian bosses and to see what is going on in the last thirty days the index around twelve percent and is now trading at around two year lows right now but meanwhile it's not all doom and gloom because russia's g.d.p. growth a full point nine percent in the first quarter of the get above expectations of fall stronger than any european nation so as far as the fundamentals are concerned

the domestic picture is concerned in russia remains. well but it's all the other factors which brings me on to the oil prices let's see how they're trading right now we can see they are indeed alive it's a mixed picture if we look at the brant there hundred seventy. six right that let's talk about price but again i mentioned earlier it's going to be on the nasdaq less than forty five minutes times were we able to say how much the stock is actually worth which is very exciting indeed now in the build up to the i.p.o. the company might still raise around sixteen billion dollars and that values the company of a hundred four billion dollars my goodness me but others are saying it's a big windfall for the company that began just years ago and i have no way of making money but another facebook price is stuck at thirty eight dollars per share that's at the top of expectations that could possibly change we'll be watching that one now among the facebook shareholders as russia is found and it's own up very in . the altie don't you push and explain how you sort of made his way to the world's

top social network have a list. started building his facebook stake in two thousand and nine just as the global economy phones and investors are pulling out but social networks a worldly popular rush in fact thousands of private investors have bid to buy shares in the world's favorite websites so much so that the top broker says some will miss out but. we cannot guarantee your clones that they will definitely get facebook shares demand is huge underwriters preferred big institutional investors who hold the shares for a long time meaning the price is more stable. investment is. more apt that eight hundred million dollars was an absurd sum to pay for facebook's proven concept but with the search attracting five percent of all u.s. internet advertising your appeal will now earn him billions yet the social networks fall from russia's only world beating online so what's been the secret. social

gaming course on phones to russia than in the u.s. or europe russian developed phone bill became facebook's most popular game world cup the group created by russia 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 the local rival v.k. now facebook rival twitter is being tipped to follow it and go public that signals another huge payday for russia because also bought a lot stake in twitter. i case we find out if they will raise that sixteen billion dollars very well do you think by well absolutely yeah just the way it's going well we'll hear more about it next hour thanks so much. more still to come here in the program of the headlines and then. moscow out how to see the.