anything to submission to teach me the creation of why you should care about humans in groups because this is why you should care only on the dot com. on r.t. credit agency moody's tears apart the pristine ratings of seven of germany's leading banks amid fears that not even europe's economic bastion can withstand the euro crisis now. and one of the major contributors to wiki leaks charged with aiding the enemy faces his latest hearing in washington gets caught red handed with a very selective approach to handling classified data. and breach the peace pay the price russia's parliament votes to target the wallets of protesters who break the law with thousands of dollars in fines at stake.

hello this is r t it's two pm now here in moscow kevin zero in with the top stories for you today and panic over the euro crisis is now breached even germany's defenses with rating agency moody's downgrading seven of its major banks among them commerzbank the country's second largest it was decided that even europe's premier economy may not withstand potential financial shocks if matters in the euro zone deteriorate any further well let's get more on this development just live comment now from your van overtveldt editor in chief of both belgium's leading business magazines trends and nag you know and thanks for being on the program first off how justified is this downgrade. well as moody's argues in a communique there is a problem with the overall quality of the portfolios of commerzbank in the other german and austrian banks being downgraded today and most specifically for the german banks this. the major problem in terms of the paper they have on board.

countries of the periphery of the eurozone spain greece portugal italy and this way heavily on their balance sheet on their profit potential and hence this downgrade by moody i mean could we see this coming or is it a surprise we throw the crisis germany's been well and movable object around which the rest of the eurozone can anchor itself in this downgrade is likely to put the country on shaky ground now. now it's certainly something that we should have seen coming in terms of this is a crisis that is getting more structural and i would even dare say institutional by the day so nobody will escape if even germany and german banks if we continue to handle this crisis in the way that we've been doing for the past two years a lot of talk but not much very specific and well targeted action is

in order to solve this crisis you know just just a few days ago we witness those german bond yields falling below zero yet investors hanging on in there i guess it's still a safe place to be now. well we have to distinguish between. shares of for example german banks i think. being the paper emitted by the german government is still considered to be quite safe but on the other hand if you look for example at the credit default swap market and the insurance premiums paid there you see also clearly there that the markets start to calculate in that at the end of the day again if we continue like we've been doing for the past period this troubles of the eurozone will also fall heavily on the strong german economy i mean is it time for a stroll in show you just look at one of the british newspapers in the telegraph reporting today the austerity is forcing the region to sell its race shape or. i

mean even the even the wildlife isn't getting away with it to try they're selling machine pay to try and bring in some money to try and stave off the troubles i mean is it time for a change of stereotypes been tried with lackluster results growth is now on the agenda but again the experts have got like lester expectations well as well in a. drought this ongoing euro crisis. is fully demanding a huge economic price on all the countries involved and i think this austerity debate which you refer frankly speaking of a little bit of a stupid debate because obviously public finances in all the european countries as well as in the united states and in your pan and in japan are on a crash course so we need to change there we need to adjust policy and the growth has to come from the corporate private sector and that private sector demands less uncertainty in order to get investment think consumption going going going again

and the major element of uncertainty in the present european situation obviously is this ongoing crisis and no perspective of. a resolution to all the issues on the table but you've been saying this for a long time i've been sitting having interviews for years now about this same thing saying it's the wrong path so the different needs to be done when is the crunch time here. well i think we can make an argument like some people have been doing in the past is that what you're europe needs is a through a true lehman moment a crisis moment which everybody seems to be awake but not really very active we should get policy people involved very active and very thorough on this issue which at the moment they at least give the impression not to be so maybe she's going to tell a greek exit story so i was going to say gee you just answered my next question you said i was going to ask you was he going to take a new start the one shrimp. a greek exit will it's going to take well for example

or even something worse i mean it's clearly. visible that practically all the policy people involved are just buying time at the moment and you can buy time for a long time but at the end of the day these problems will overwhelm you. maybe we can through a crisis a real crisis like the lehman crisis in two thousand and eight will get the european politician elite moving in a rapid constructive positive way greater view of the program. we can talk about this a lot more you know in van overtveldt editor in chief of belgium's leading trends and that business magazine thanks ever so much. still to come in the program now with me kevin no ill looking east some of eurasia is leading powers with russia and china in the driving seat gathered to thrash out security as a counterbalance to the political grandstanding of a western alliance and revolution returns to egypt as hundreds of thousands rally

in tahrir square with efforts to deepen political and religious divisions and on oneness warning of more trouble ahead. we can league supporters are assembling their forces on wednesday as bradley manning one of the major contributors to the website faces his latest hearing is charged with twenty two separate crimes including aiding the enemy which is a capital offense but is made in a question of reports for the washington's interpretation of freedom of speech depends on who you actually are. from a former cia officer who questioned waterboarding to suspected we can take small bradley manning the obama administration has waste an unprecedented war on whistleblowers prosecuting more of them under a span ash loss than all previous administrations combined but it seems one man's snitch is another man's spin doctor the problem with the current situation with the current white house is they have leaked classified information for the times when

it suits them to do so one of those with what was written with the book obama's wars done by bob woodward or they played out two chapters of information about current operations and also with the catholic bigelow project regarding seal team six takedown of the law last year at this time the film in question which is titled as zero dark thirty covers last year's raid by u.s. commandos on the pakistani compound where some of bin laden was hiding the conservative watchdog judicial watch has obtained records revealing that hollywood filmmakers were given access to proof the undisclosed information about the operation oscar winning director kathryn bigelow and screenwriter mark boal were even granted at tour around the fold as cia building where tactical planning for the raid took place the film is out in december but was initially due to be released just weeks before november's presidential elections sad facts or some flak

fly the administration's way while the entire project has raised concerns over the way intelligence is being used it's best that this kind of information particularly as it revolves around what's surrounding this movie remains classified it absolutely has to it's very unfortunate that it's coming out to be used for political purposes for a congressional election however there is nothing unusual about the defense department collaborating with the makers of hollywood blockbusters. it's a partnership that dates back to the middle of the twentieth century and it has proved effective the pentagon has what hollywood filmmakers one access to millions of dollars worst off military equipment to use in the movies and hollywood has what the pentagon wants the instance to sugarcoat its actions and attract millions of potential recruits in recent months to other movies about the navy seals long

survivor and act of valor how for safety official assistance veteran hollywood reporter david robb says the pentagon has for a long time had access to the scripts of hollywood filmmakers to show the military in a better line on the american people are seeing hundreds and hundreds of thrones and television shows that have been sanitized by the military and to make military seem more heroic than it really is and never wrong and always good but this creates a false image in the american people's mind so while for some folks will get truly walked out or others are trying to project patrick his and propaganda on to the silver screen my integration archie reporting from los angeles california and remember the words to whistleblower julie who sunk his own interview show here on r.t. only episodes available it out for you. next

anyone who breaches the peace during demonstrations here in russia will now be hit hard in their wallets after both chambers of parliament passed a new bill dramatically hiking fines for protest violations the law was subjected to delaying tactics by opposition employees a trip rarely seen before in russia but adopted by many parliaments worldwide as culture with this developing story this afternoon artistic opus cannot compete as forest either ego of this building exactly slipped straight through the chambers though did it. well it was like a sprint vote in the federation council but when it comes to the lower chamber there's the duma it was more of a marathon because it took eleven hours for the deputies to work through the draft on tuesday and that's because of a new tactic which is being taken on by the official opposition similar to filibuster ing in the united states when some deputies try to be as abstract a vast possible to do real that will or working at a snail's pace literally moving slowly as slow as possible in japan what do you consider the actions of the russians they do what they tried introducing piles of

amendments now over the last by around midnight the draft was still passed and it's aiming to significantly increase the fines for violating the rules of taking part in mass rallies up to a maximum of around three hundred thousand rubles which is over nine thousand u.s. dollars for ordinary citizens and twice that amount for officials but at the same time the deputies are looking at creating these designated areas for protest across russia similar to the fight park in london so the idea is there should be real opportunities for protest but if you break the rules then you've got to be now clearly the penalties are much lower in russia that's why there is fierce criticism both from the official and unofficial opposition but originally this draft was initiated after a large protest rally which ended in clashes between some of the activists and the police we've seen pieces of concrete flying around small grenades and injuries on both sides now that this draft has been passed by both chambers of wall and it's up

to the president to sign it and earlier by going to putin said that it has to correspond with european standards but if you actually compare these fines to some of the fines in some western european states then there the penalties are much more severe and the fine sometimes are much more higher up to seventy five thousand euros and the fines are lower according to his draft in russia but it's the. sort of on the same field that's why it's very likely that it will be signed and the fines will be increased in years to more of your things to bring this up today bigger person off center moscow and later the program we look at america's pursuit for dominance the country's defense chief cozies up to india's leadership as a string of bad luck leaves the u.s. short of places ahead of its military move into the asia pacific also syria allowing humanitarian aid workers into the country amid an escalation of violence as a fragile cease fire is still left hanging by

a thread. hundreds of thousands of egyptians are packed into the now iconic tahrir square in cairo rallying for the death penalty for the former president hosni mubarak and leading the protest where the country's islam is out in force head of the looming presidential vote in the country eager to capitalize on burgeoning unrest artie's tom barton is in tahrir square for us. it's primarily focused around the verdict in the mubarak trial hosni mubarak egypt's former president is now going to spend the rest of his life in prison it seems unless the protesters get their way at least some of them wanting to do a bit more to the back than not and to give him the death penalty and what really set the more was six of his senior security officials who were acquitted of involvement in the deaths of hundreds of protesters in egypt's revolution last year very shortly egypt will enter the second round of its presidential elections but

many people here expressing a lot of frustration they see the choice in those elections as being really no choice at all one candidate mohammed morsi is from the muslim brotherhood he's been trying to garner support here at the protests going around the crowds saying that if he was elected president he would drag mubarak back to trial and try and help in execute it which has struck a chord with some of the protesters however he has received criticism from a wide wide number of groups as well they see the muslim brotherhood as religiously conservative and warn that they may try to hijack this revolution the other half of it shall be is mubarak's last prime minister and a former air force officer the protesters just as angry about him they say that he could well be or should well be darker standing in the presidential elections is

certainly is a huge protest and a real re ignition of the spirit of protest against what is seen as very little change compared to what was wanted from last year's revolution. encourage for us now remember we got the latest stories and videos on our website r.t. dot com there are now an extraterrestrial phenomenon which left both the stormers and gasping check out these spectacular images and video of the transmitter of venus across the sun only happens once every hundred five years we don't see it now you can't or won't see it again i guess also madonna's latest stage appearance has provoked the wrath of france's far right find out why it's not being music though to marine le pen's ears on our website our teeth of. the syrian government's agreed to let aid workers into the country for the first time they'll be based in four cities hit hard by the violence among them as homes

since the rebels said they were abandoning the u.n. cease fire plan there's been violent clashes with security forces meanwhile syria's giving the marching orders to seventeen diplomats from the u.s. britain france and turkey among others damascus is accused foreign powers of funding and arming the opposition fighters middle east experts terry kelly believes those countries are motivated soley by regime change. when they americans and their vassal states like great some talk about transition what they are effectively mean is regime change that is what they did in libya with dire consequences as we can see in their country today in syria the plan to bring both sides to the table and have a negotiated settlement is obviously the best way to move forward but the united states and britain and their other allies have poured absolutely no pressure on the

other site to come to the negotiating negotiating table and start a process of talks so it would appear to me that what we now have is an end game situation where the united states as decided to remove this regime and will use everything in aspire to do so. as well as being the scene of ongoing violence syria's been locked in a so-called information war as the country's minister of information at their mahmoud told us mainstream media coverage often clashes with reality is full interviews coming up a bit later this is a preview. of the very people responsible for the deaths filmed their crimes and sent the fruitage to the media blaming the government for the atrocities of the and a recent study shows that ninety percent of satellite coverage on syria has nothing to do with the actual situation in the country yet it's all lies and fabrications this again proves that there is

a real information war waged against syria with real facts being substituted with fabrications these lies and the only way for them to achieve their objectives in their war against syria out of the houla massacre is a good example of that came out that as soon as the first pictures of the massacre were released everybody started accusing the syrian army and security forces but we all know who was really behind this crime and today the people of syria are targeted by terrorists who are armed and sponsored by regional powers like qatar saudi arabia and turkey as well as by western nations such as the us. regional terrorism and extremism both are on the table to talk about of the annual summit of eurasia six pioneering powerhouses this time being held in china the blog known as the shanghai cooperation organization will also touch upon global foreign policy with the leaders of iran and afghanistan invited to join the gathering at

his lecture in reports from beijing. we've got a very busy day here in beijing. the state official state visit to china now has transformed into the summit of the shanghai cooperation organization the organization which has celebrated its ten year anniversary last year and definitely all sides all countries involved in this organization have been noting that the corporation has been very successful especially in this security field something which has been a burning issue for the central asian states and that's where we already know that there has been very great success in the talks between the leaders of the countries were also expecting very many important meetings on the sidelines of the summit between. the presidents of ghana stan and iran something which we of course will be bringing more information on as soon as we get it and this will probably be the main focus certainly this summit comes just a day after the start of official state visit to china of these sites have managed

to assign very important agreements and listing economic ties and have managed to exchange their views on many different global policy issues and reported that they have been seeing eye to eye on all those issues in particular certainly the growing military strength of the united states in the asian pacific region something which greatly concerns china russia is agreeing with beijing on that matter and certainly the developments in the middle east even if we didn't mention did that russia and china are seeing eye to eye on the syrian conflict such a strong relations between beijing and moscow have been causing some concerns in the west primarily because china is a growing developing developing state with its economy and military being stronger every year we are following certainly all the interesting developments during the summit in the next two days here and we'll be bringing all the latest information to our viewers as soon as we get it. with the united states losing a string of critical bases across central asia the pentagon's apparently launched

a new drive to secure more allies now defense secretary leon panetta is on a p.r. tour in india publicly asking delhi to take on a greater role in afghanistan but analysts say this far more at stake in washington's got india slated for a bigger role of last pakistan's support with america's future in afghanistan threatened by a resurgent taliban the much touted move to the asia pacific could be unraveling artie's priests read reports now on just why america is so eager to cozy up to india. the world's got its eyes on india its the planet's biggest arms importer and is set to spend one hundred billion dollars on beefing up its military arsenal over the next decade while many weapon makers from far and wide are lining up to cash in on this need to modernize the united states has dash to the front of the pack. to strengthen its need. to farm guard america.

ships and those who. grow through the maybe to many it's seen as part of the u.s. is bigger shift towards asia one that its defense secretary leon panetta is now touring the region to actively engage it in a chair and you were a report issued by the american government of china is listed along with iran as one of the us is biggest adversaries the report also specifically singled out india as the main country washington would pursue as a strategic partner in the region the united states has already been thinking better of all amount of energy strengthening military ties with india it just told them time military transport planes for four point four billion dollars india also conduct the most military exercises with the united states than any other country many analysts say that it could be a way for washington to use new delhi to counterbalance its new enemy china. on

the. united states is going to do. what it says that. for this includes. and china is a clear that it wants to get laid american influence in asia while india is happy to have partners to advance their arsenals many observers are watching the american interest with caution china is one of india's biggest trading partner i mean we are neighbors big on wish each other of each should not we made a proxy by other powers you know to confront china we should not fight the battles of the americans and with americans i think are a declining power it's a declining superpower. as the united states continues to buddy up to india it looks like it could be using their newfound friend to bully its enemy preassure either r t new delhi india.

today it's coming up now to twenty five minutes past two in the afternoon rina kosar was at the business desk for a summit we've been reporting on moody's downgraded several german banks today now the investors taking it well you would imagine that it wouldn't be taking this very well but surprisingly enough we're seeing a completely different picture all the numbers here are positive if we take a look at the latest figures will see that both the footsie and the bags are in the black and five were expecting to see the dogs in the red today and you can see that it's over one percent similarly with the fourteen investors are also waiting for an interest rate decision by the european central bank which is due later today and some analysts are saying that all changed at one percent and also you. are speculating that there will be more growth downgrades so this could actually set the markets lower it normally does but stay with you up there other news i'd like to mention of us the fact that the european commission has now on veiled new

proposals which will ensure taxpayers' money isn't used to bail out failed banks this is aimed at preventing banks from dragon down the entire system and the proposals will see banks shareholders and creditors being held accountable for losses incurred by them but the new legislation is unlikely to come into force before two thousand and fourteen and what some say this will be too late supersets taxpayers from any further immediate bank failures. well here in russia it's territory as well as you can see the r.t.s. is adding almost one point three percent when it comes to my sexual scene a bit of a choppy trading session that swings between positive and negative of course we don't only have a ball it's how prices but also something else. to look at individual share moves on the my six most of the blue chips are higher because that russia's biggest like this for a bag is adding over one percent fertilizer all kali is that one point six percent

and the ad space on the fact that it's buyback expenses amounted to six hundred seventy five million dollars an era for also gaining and that's after news all of a possible cheryl for more on the russia's fly carrier is considering london though with thirteen percent of its shares and london this year and then the most of the newspaper claims the possible move will be discussed during the company's next meeting this listing could bring our float up to two hundred forty million dollars and analysts say the share placement is likely to also help the company improve its market capitalization which is a currently underestimated. the news russia is the second biggest lender v t v has decided to cash into fast food this time business then a newspaper again says the bank is creating a joint venture with the current developers of burger king in the country and within the next three years we will invest hundred million dollars into this new form which will have exclusive rights developed in the country for the next couple

of decades. for some currencies the euro is again against the dollar when it comes to the ruble is going against both merger currencies in fact we know that russia central bank blaming the people in your debt crisis for the weakening of the ruble about we've seen in the past couple of weeks in fact for the month of may which were three percent of its value but it says that it's most likely to rebound leaving this year's inflation. on top of that five to six per seconds so they have it that's what we have and this business update all right thanks very much thanks for that now coming up more on the media war raging in syria is teetering on the brink of a civil war and the country's minister of information very shortly is in a few moments of thought after a wrap of the top stories with me kevin zero in. wealthy

british style sun it's time to. find. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines kaiser reports.