and that this way heavily on their balance sheet on their profit potential and hence this downgrade by moody i mean could you see this coming or is it a surprise move throughout the crisis germany's been led a movable object around which the rest of the eurozone can anchor itself in these 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 in order to solve this crisis just just a few days ago we witnessed those german bond yields falling below zero yet investors hanging on in there i guess it's still

a safe place to be no. well we have to distinguish here 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 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 australian 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 and even the even the wildlife is getting away with it to try selling machine pay to try and bring in some money to try and stave off the troubles i mean is it time for change has been tried with a lot. results growth is now on the agenda but again the experts have got

lackluster expectations well as well of may. well this ongoing euro crisis. is fully demanding a huge economic price on all good countries involved and i think this austerity debate which you refer is frankly speaking 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 demand 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 elling interviews for years now about this same thing saying it's the wrong path so then different needs to be done but 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 are a 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 kissed on this issue which at the moment they at least give the impression not to be so maybe she's going to tear a greek exit story so i was going to say gee you just answered malays question yourself i was going to ask you was he going to take a new start the one sure maybe a greek exit was going to wear for example or even something worse i mean it's clearly. visible that practically all the ball. the 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 disbrow blooms will overwhelm you and maybe we can through a crisis a real crisis like the lehman crisis in two thousand and eight we'll get the european politicians elite moving in a rapid constructive positive way you know it's been great i feel the program. we can talk about this a lot more you invite over all editor in chief of belgium's leading trends and that business magazines thanks ever so much. still to come in the program now with me kevin o. in a looking east some of eurasia is the leading cause 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 link supporters are

assembling their forces on wednesday is bradley manning one of the major contributors to the web site 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 question waterboarding to suspected we can take small tragedy manning the obama administration has waste an unprecedented war on whistleblowers prosecuting more of them under is found ash loss than old 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 ben lauder 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 precisely undisclosed information about the operation oscar winning director kathryn bigelow and screenwriter mark boal were even granted at tour around the volt 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 all 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 absolutely cost 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 worth off a military equipment to use in the movies and hollywood has what the pentagon wants the enslin studer called 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 first if official assistance veteran hollywood reporter david robb assess the pentagon has for a long time had access to the scripts of hollywood filmmakers to show the military

in a better lot in the american people. are seeing hundreds and hundreds of films 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 that this creates a false image in the american people's mind so while for some will get true walked out others are told to project patrick his and propaganda on to the silver screen my integration archie reporting from las angeles california and remember the will to whistle blow julian assange has his own interview show here on r t only episodes available it out to comb 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 m.p.'s a trip rarely see before in russia but adopted by many parliaments worldwide as can show this developing story the tough to do not easy go piss cannot compete as forest there you go and this building exactly slipped straight through the chambers they did it. well it was like a sprint votes in the federation council but when it comes to the lower chamber of this the duma it was more of a marathon because it's ok 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 ring in the united states when some deputies try to be as abstract as possible to the real that world or working at a snail's pace literally moving slowly as slowly as possible in japan where you deserve the russians off the russians they do more they tried introducing piles of amendments now over the last by around midnight the draft was still plaster 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 protests across russia similar to the fight park in london so the idea is there should be your 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 was 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 over. 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 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 fear the penalties are much more severe and we find sometimes are much more higher up to seventy five thousand euros fines are lower according to his draft in russia but it's still sort of on the same field that's why it's very likely that it will be science and the fines will be increased in the future morally good things brings up today i think of this kind of central 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. shore to bases 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 with the country's islam is out in force head of the looming presidential vote in the country get to capitalize on burgeoning unrest. 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 of a back door knocks and to give him the death penalty and what really set them off 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 lessons 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 god for 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. in cairo 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 start of gasping check out these spectacular images and video of the transit of venus across the sun only happens once every hundred five years we don't see it now you kind of want to see it again i guess also madonna's latest stage appearance is provoke the wrath of france's far right find out why it's not playing music though to the remailer penzias on a website tito. 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 is 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 raising change. when the americans vassal states like group 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 red lights absolutely no pressure on the other side to come to the negotiate negotiating table and start a process of daws 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 a spot 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 footage to the media blaming the government for the atrocities 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 it's again proves that there's a real information more 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 moment 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 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 on. 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 we're 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 these sites have managed to assign very important agreements and boosting 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 this summit and 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. defense secretary leon panetta is on a tour in india publicly asking you to take on a greater role in afghanistan but analysts say this far more at stake in washington

is going to be a slated for a bigger role of 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. reports now on just why america is so eager to cozy up to india. the world got it 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's dash to the front of the pack. to strengthen its me remember. to farm guard america. ships. through the movie 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 in a chain 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 already been thinking better of the amount of energy strengthening military ties with india it just called them ten military transport planes for four point four billion dollars india also conducts the most military at their size is 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 i. think. you know. should. but even to says that it finds it as a very major competition for this includes and. it wants to

list american influence in issue 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 because each other we should not be made a proxy by other power soon or. and i we should not fight the battles of the americans and americans i think out of declining. it's a declining superpower. or. as the united states continues to buddy up to india it looks like it could be using their new found 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 co services the business we've been reporting on moody's downgraded several german

banks today now the investors taking it well you would imagine that it would have been taken 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 bags in the red today and you can see that it's over one percent similarly with the footsie investors are also waiting for a decision by the european central bank which is due later today and some analysts are saying that it will be left on changed at one percent and also you see the staff 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 all the 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. here in russia it's positive territory as well as you can see the r.t.s. is adding almost one point three percent when it comes to my six have seen a bit of a choppy trading session that swings between positive and negative of course we don't only. prices but also something else that when take a 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 in the ad space on the fact that it's buyback expenses amounting to six hundred seventy five million dollars an era for all this is also gaining and that's after news 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 they're the most the daily 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 currently underestimated. the news russia is the second biggest lender of the t.v. has decided to cash in to fast food this time business then the 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 one hundred million dollars into this new form which will have exclusive rights develop the chain in the country for the next couple of decades. for some currencies the euro is again against the dollar one that comes to the ruble is gained against both merger currencies in fact we

know that russia central bank blamed the deepening your zone 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 it's one thousand percent of its value but it says that it's most likely to rebound leavin this year's inflation on top of that five to six percent so there you have it this is what we have in this business update back to you karen thanks for that. media war raging in syria is teetering on the brink of a civil war so the country's minister. information very shortly in a few moments after a wrap of our top stories now in. wealthy

british style. markets. 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.

this is the news channel these are all top stories credit agency moody's tez appalled the pristine ratings of seven of germany's leading banks amid fears that not even europe's economic. crisis. breached the peace pay in the price russia's parliament votes to target the wallets of protesters who break the law with thousands of dollars in fines at stake. america's defense chief cozies up to india's leadership as a string of bad luck leaves the u.s. short of bases at its military move into the asia pacific. and syria allows humanitarian aid workers into the country for the first time amid an escalation of violence on the expulsion of foreign diplomats. as well as physical violence syria's been fighting a so-called information war to with conflicting reports about the situation there

syria's minister of information at the mahmoud tells r.t. next that what he feels is really going on. the diet and this the arab league council has asked satellite operators are upside . down the broadcast of syrian satellite channels what do you think about this decision. this decision is an attack on free media and freedom of expression it's an attack on syrian media the purpose is to hide the truth about what is really going on in syria from people both inside and outside the country this is part of the smear campaign launched by certain satellite channels and supported by the gulf nations behind it the decision contradicts fundamental moral and professional standards for mass media in the arab world and.