patrick young executive director of the event and consultancy devi advisors good to see you there dave mr yan so it's not a decision that's going to be welcomed by the euro zone's bosses is it well isn't this truly a case of the tail wagging the dog here we have our own age of twenty seven the smallest poorest economy well it's not quite the smallest poorest economy in the whole of the euro zone the poorest economy in the euro zone has turned around and said we don't want your your over because your grand design is deeply flawed it's built on sand it's a catastrophe and actually the finance minister himself made a great statement today he said our citizens are worried that if we join the euro we won't know who we have to be all out i'm not a very poignant point because of course he knows that neighboring countries such as for example slovenia have been plunged in do huge financial representations us of the slovakians and indeed others because they've joined the euro as the kid mainly it as they've joined the euro they've been forced to end up spending money to

subsidize the pensions of people in greece who are actually getting a higher pension than the pensioners are in these countries. it's ironic because bulgaria has been acclaimed by many as a shining example of a country that did austerity right now it is if the giants will have to bail out countries that couldn't do it right like you said greece the in the mix of things is that amalgamated picture and how far will this go i mean how high is this going to shake up the e.u. right now well you know i mean notwithstanding the terrible crisis in the euro zone the truth is that the european union's glorious idea that they can pull everybody smartly together and go towards prosperity has been a fiasco because all of the people of the euro are being sucked towards poverty because of the fact that there has been transferred so much money to the profligate incompetent government that are on the southern side of the euro zone and truly the bulgarian government have made the only sensible decision. and they could which is

why should they endanger the hard work the sacrifices of their citizens in order to pay money into basically off of the pit were tragically we've had to say there so many times over the last few years fire this medium we do not have any comprehensive coherent leadership of the economy in europe and ultimately this is a big wake up call because what the bulgarians are saying is you know what germany we admire your economic model but boy you are really making a mess of the euro zone along with all those other people we thought were prosperous capitalists now bulgaria leaders also compared the eurozone state to spoiled and children that don't want to good to the dentist to fix their teeth does that example have married to do you think oh i think it has total merit i mean all we've heard is basically an endless series of bewildering arguments by a number of governments who basically said well you know just give us one more

vodka bar or and then we'll cure ourselves of our alcoholism well it doesn't work ultimately you know the tragedy of alcoholism is your kidneys collapse your liver gets damaged and you can't drink anymore and not actually what we preach the alcoholics are drunk all of the resources out of the euro zone and nobody has been there to actually provide some degree of justice and ultimately the countries of the new europe the dynamic growing in eastern half of europe are fed up we've seen the prime ministers of lift the windy out of luck here they've stated their reservations in recent days and in fact the softer new england we saw the rampant europhile very very interesting rather slough sikorski foreign minister of poland has actually come around and said of course we'll join the euro but actually guys the members need to sort out the rules of the club first and how the club operating properly that is huge the biggest on the back of what the bulgarian ministers have said today now better get are we going to see more country. opting out of the euro

or i think we are absolutely well i mean you know just today actually there's a wonderful article by the mayor of london boris johnson talking about how cruel issue is going to be sucked into the euro because they've pledged to join it because they are exceeding to the european union next year that would be a suicide move for any nation that wants to join ultimately the prosperous club of the euro zone has turned into a very bitter battle amongst feuding drunks over who is going to get the last measure of vodka and that is not a way that any other government is going to be happy in being complicit with the economic mismanagement of a crumbling field single currency zone petrie gang always good to hear what you have to say that's pet again right executive director of the investment consultancy devi advices thank you. right still ahead we're late to this international clash over the. u.k.

is a case of save god in the essence of the else to do gyptian bridge with the property of some key figures in the mubarak in a so-called sting and just buy into that will sanctions. the onetime originals or rivals india and china and no one to bring their armies closer together beijing's top military chief is on a visit to new delhi aiming to boost the influence of the two asian giants but news of those allies is already causing concern across the pacific as she explains this is a historic trip for india as the chinese defense minister has been visited this country in nearly a decade on the top priority for the list of things to discuss on this trip are strengthening the india china border and promoting a stronger cooperation between the two countries armed forces many people believe that india and china because they have two of the fastest growing economies in the world should be rivals but a lot of analysts i've spoken with have actually said that

a partnership between the neighbors actually makes more sense with forty per cent of the world's population and at a time when these two countries' economies are growing while many of the traditional western powers their economies are decreasing many people say that a partnership between india and china could actually be detrimental to a country like the united states the united states actually exports eight point four billion dollars of arms to india every year and india is actually the number one importer in the entire world many people say the united states is interested in india to counterbalance china's growing influence in this region and to have a strategic ally here when the united states plans to withdraw its troops from afghanistan try. fourteen so while other countries might have an interest in what kind of relationship india and china has all signs are pointing to stronger

military and economic ties between the two countries china india lines is key to countering america's tightening grasp on south asia as well as to keep the region of float while major western economies are declining so says de picture party historian and research of south asian and us politics. the country will interest will. not will definitely be the united states if it wants to be one vicious. intercept first two and circle china that's what president obama's policy right now seems to be because he has said sometime ago that. the united states wants to focus its policy on china which means containment of china so any improvement in relations between china and india would not be welcomed in washington however while the region itself it's good news the

economies of china and india will increasingly depend on each other. and therefore the rest of brics countries. which is really imagine it in order to look. i think it is good news that china and india and improve their lives and increased trade at a time when when the economy the west are suffering and the growing financial clout of asian countries and the global implications that it could have as also the fight has off peter lavelle's debate with us gas and cross talk and sharing at nineteen thirty g.m.t. and here's a quick preview. on the eve of the meeting of the pacific economic cooperation regional group to what degree is the global economy now centers in the east and south are we living in the pacific century and if we are what does that really mean .

media reports have surfaced suggesting that the u.k. has failed to freeze us some of the asses off the top officials in the regime of forming gyptian leader hosni mubarak the move targeting mubarak and his in a circle was introduced in february last year after the leader assert dhanam at mass rallies joining us to live now from all is investigative journalist tony gosling very good to see they tire nade now london is apparently demanding more evidence from cairo before agreeing to freeze these assets is that a legitimate demand and why does kyra fail to provide these evidence. well it's really good to see the b.b.c. doing this report. the important thing to remember here though is that the speed in which the assets were see both in libya and of course of the hundred million or so of president assad in syria this money was seized by the british government in milli seconds with mubarak's money and his friends money it's

eighteen months down the line and there's still letters going backwards and forwards between the british and egypt governments asking questions we can't seize the money not only that they have allowed companies to be set up by people who are supposed to be on the egyptian sanctions list those companies have been allowed to continue trading those companies have been shut down with no questions asked so i think the sort of hidden message in british foreign policy towards egypt is that we don't actually really recognize this new regime where actually wedded to some of our business contacts in the previous old mubarak regime now i was there was going to be my next question actually there what are the benefits for britain in protecting some of the core cronies in the mubarak regime by save guarding all these fortunes. well i think it's because the many business connections between the two i mean essentially we're talking about hidden connections that is to do with arms dealing i mean we had david cameron of course did a big arms selling to the middle east during the arab spring and they're still

forget where this money came from in the first place because we have in britain at the moment a big privatization program going on many of our state assets being sold off to friends of the leading conservative party who are themselves of billionaires worth of cabinets but those assets were seized over in. the over in egypt by the egyptian mubarak's friends themselves so it's really a privatization scam of state assets have been sold to individual friends of mubarak that way where they got all this money and the egyptian people should have that money back straight away and those business contacts i'm afraid between between britain and egypt and the military industrial complex over here that likes to sell arms to egypt seem much more important than actually honoring their diplomatic commitments it's always interesting to see how when the you know government sees all money specifically in areas like this where

a lot of people do ours what happens to that sees money after a while and in this case the egyptian people do need that money back they're trying to rebuild their country i mean this is the inner circle where queues of stephen were tens of thousands of billions of dollars the you guys already frozen as you said one hundred billion of theirs what effect is this going to have vitally on the banking sector in general. well i can tell you what happens when there's delays in seizure like i say you know we've got a complete contrast with certain countries the way their assets to see it immediately what happens is when there are delays the people move their assets around around the world hide them even further even in just a couple of days i mean for example in switzerland where these assets were seized in switzerland they were seized within thirty minutes to stop any of this stuff being moved around the planet but the mo the more important background to all of this is that british foreign policy has it's talked about by people like william hague in officially by people like david cameron is actually not necessary this is

evidence that we're not actually doing what we say we're going to do so where is this other kind of shadow foreign policy coming from and i think that's in many ways exposed if you start looking at groups like the private club called the royal institute for international affairs chatham house this is funded by the very financial elites and also by the military industrial complex and incidentally by the b.b.c. true and these people from the wall institute for international affairs in chatham house are actually setting in to a large extent through their organs their papers like international affairs their magazine what british foreign policy is they're far much plant far much more clout than the foreign office and they essentially tell people like william hague what to do so a lot of this is to do with who is actually setting this foreign policy and that's why we've got a contrast between what we're hearing from how you can cameron and what's actually happening on the ground right let's leave it right there thank you very much tony gosling investigative journalism for you giving us his opinion on. that money

that's still being frozen and hasn't been seized thank you very much. write a whole lot more still lined up for you in the program including a look at those coping with care that's of theme in the last of syria are from the outside world to driving thousands of basic necessities are those who work in the country's agriculture sector which only for an end to war. cambodia is reportedly working to extradite one of the co-founders of the file sharing website pirate bay to sweden got freed walker was arrested by local police following a request from sweden where he was sentenced to a year in jail for copyright offenses and found all of us read inspired. vignette says the arrest itself raises questions the jury is still out on what unfortunately there are conflicting reports on. what really led to its arrest i've heard reports about

a bar brawl being the run up to it with just local police interfering. a local disturbance. the american ambassador being income boag at the time of his arrest and high level talks taking place. this morning as was mentioned reports surfaced the year arrest was a result of swedish authorities for assistance from cambodia despite the lack of an extradition agreement. so it is part party m.e.p. a million and distorters says always been a lot of pressure to see the founders of the perry bay behind boss. there was really really big international pressure down at a time before the pirate bay try out to make us give a harsh punishment to these three essential young men that were burning it or in tracking together in their great time the pirate bay had been a very defining had a right to it and in speed and the way that they needed. to question their

relationship with knowledge and sharing and how the days and. this pressure still lingers on leg and there are still major industrial nations in the i think are still applying quite hard to get into any pressure on. other countries to local and international events as. another fly in for russian british relations london has apparently followed in washington's footsteps and approved a back list of russian officials prevented from stepping on its soil the individuals are accused of human rights abuses in connection with the case of said game magnitsky a russian lawyer who died in custody more on that from our choose poorly boyko. russia's ambassador to the u.k. wants an explanation from the u.k. foreign office after it emerged in the sunday times that the u.k. home secretary had sent

a list of around sixty russian officials to the british embassy in moscow in order to ban them from traveling to russia now the list contains the names of russian judges prosecutors and intelligence officials who laundered believes are involved in the death of the russian based lawyer so again magnitsky he worked for the london based company hermitage capital fund and he died in pretrial detention back in two thousand and nine in moscow now that he was jailed for tax evasion and awaiting detention his family say that he died because of repeated beatings and being refused medical care and now the investigation into the case in russia is still ongoing but it's had a big resonance very at home and abroad earlier the u.s. said that it had also banned around sixty russian officials from traveling to the u.s. speaking often magnitsky his death the very president dmitry medvedev he said that the people who are accused of economic crimes and tax crimes in particular they

should not be put into pretrial detention and of course most of this as well as death is a big tragedy but they've called on other nations not to stage a political show regarding the matter and they've promised a tough response to any foreign sanctions that could be put in place over the case . thirteen civilians are reportedly dead after a u.s. drone attack on wrong in yemen the unmanned aircraft was apparently targeting the call of an alleged al qaeda militant but hit two other vehicles near the city of washington has stepped up its journey operations in the country in recent months but civilian casualties are rarely mentioned in the official report writer and web journalist ryan dawson says u.s. drone strikes are actually aimed at creating more instability not less sometimes the military industrial complex spends money just for the sake of it it's

not always to win sometimes it's a process of killing what you create and i don't really agree that this is really a conflict between islamic militants versus the government yemen was just unified in one nine hundred ninety eight a civil war in one thousand nine hundred four south yemen has had a success in movement since two thousand and seven and it wasn't about religion or ethnicities it was about resources the jar the oil is in that side of the country all the majority the profits been allocated to the north these are monetary issues it has become more of a religious issue because of the press and because of the u.s. policies of killing civilians drives people in that direction there don't even have to see the idea ideologically they just have a common enemy. the new international peace envoy to syria has described his job as a near impossible lot of brahimi went on to say that not enough has been done to stop the violence both on the side of the government and the rebels meanwhile another car bomb explosion rattled

a christian neighborhood in damascus today killing four people including a child and as the syrian death toll rises so so do the streams of refugees are fleeing syria to join the hundreds of thousands who've already left sanctions to make ordinary life difficult in syria with canada alone ramping up its measures against a masters ten times this year and i will sign a boy who reports it's now up to the syrian farmers to act as a last line of defense against a humanitarian catastrophe. reaping the harvest of economic isolation and a good one farmers across syria are is busy as ever collecting defrauds of their labor decades of economic sanctions haven't taught syria to rely on no one but itself at least when it comes to agricultural production and there are no sour grapes about it now while the political pressure on syria is mounting this country is still fully able to feed its people. almost everything that adds up on syrian

tables is growing here in the country south far from the clashes and this year spared the usual drought these fields are probably the government's best had against all sorts of foreign pressure aiming to undermine its support base. syria has experienced sanctions since the 1980's and it is told the country to be self-sufficient now agriculture is well structured we have all the seeds fertilizers water they haven't been damaged by the sanctions or by the ongoing clashes i could say that agriculture still remains among the sectors least affected by the clashes well this place still looks like a sanctuary of peace the actual war is heard here all too well seventy three year old jimmy. hasan says he understands the young who want their country to change what he contacts app is their means and what. people who are misled and hold weapons fight the government and destabilize the country are wrong i hope they'll

calm down we all need peace to return to syria. polarized on so many levels the syrian conflict has also drawn the line between villagers and city dwellers as violence continues in urban areas people in the countryside are working hard to feed the two warring parties attacking villagers out in rural areas isn't going to really help them in accomplishing their task which is to try to get assad out of out of power and so i think and that's certainly not going to get the syrian people on their side so i think that the attacks are being concentrated in urban areas where they have the greatest chance to affect syria economically and potentially to strike at military targets in the aleppo clashes are still the order of the day but twenty kilometers west mohammad is trying to preserve one of his family's to be colonies the other new homes is thought to have been destroyed they couldn't access it for more than six months. i don't want to come into politics it's too dangerous

now all i can say is i think using weapons was the biggest mistake. syrian beekeepers are absolutely convinced that they are superior to all foreign species and i believe with hardship and the blood that pastures and as clashes in the north continue taking that toll on the industry many here hold that is the only answer of syrian peace will also be transferred today kippers artsy syria. right let's get the latest business news now marina is anyone trading right now well to have been no really social and this now shall we all go home. there are the things happening so we'll continue first as to review all of some of the global markets performance that we've seen we'll start with europe which only ended the trading session a couple of hours ago and basically there investors were quite optimistic about the

footsie and the added over a half a percent and all of this is the spy the fact that latest data showed that there was a manufacturing this strong for the month of all this but as we can see there by the figures investors warm greeting concerned about what they are concerned about is what mario drawing the head of the e.c.b. will say on thursday he did of course pledge to keep the euro to preserve it so we'll see what you have to say about that for now let's move on and take a look at currencies the euro is now gaining against the u.s. dollar we saw this. in the us when last and for about two hours now when it comes to the ruble we saw a mixed performance in the last few minutes of the trade in session and we saw that the ruble lost against the u.s. dollar by gains to the euro not talking about the ruble let's take a look at the russian markets and here that all to miss him from europe trickle down to investors here as they are yes and then my six added over warm of course and investor year we're also focusing on the asia pacific corp summit which will take place of course in russia for east and of russia holds this unique bridge like

position between europe and asia and lot of analysts are saying that it will help with global companies in. prosper in the region now of course r.t.s. r.t.s. i should say r t i could see the r.t.s. because there are of course some talk about the next thing r.t. has caught up with one of the biggest industrial holdings in the country that sumo group which i believe is that this will also help us for puts in the region this is the potential that we are talking about. that are doing the. sharing apex russia demonstrated that it is capable of using its soft power our initiatives in regional integration transportation food security and innovation growth have been supported by all of the business council members russia will only be able to fully capitalize on its role of the geographic bridge between europe and asia if it improves its own infrastructure and regulations at the moment less than one percent of all trade

volumes between those two parts of the world a chance polluted by russian territory it's literally nothing the projects we're offering to develop will enable russia to increase the volume of transit through its territory by up to five percent. now russia's membership and the world trade organization spurred many fears that local companies won't survive some of them of course but earlier we spoke sunday of course the who's the head of the second largest bank in the country about civility being and he said this could actually be a good opportunity for some of the financial companies. financial crisis in america and europe led to the situation when we have actually been weakening or the international competition and russia as you see the russian banks started to be more active in other parts of the world and we were up in the year so i think that's a good time for us and banks to expand and the thwarts me to be your doing. and that's what i have for you this hour is happy well thanks marina it will be

interesting to see how bulgaria actually in the ural strengthened exactly and exactly but i don't blame them i have to say i'll be back with the top stories in just a couple of minutes stay with us. well . technology innovation all the developments around russia we've got the future.

we're watching our t. here's a recap of the headlines single currency step back from the e.u. is most economically vulnerable nation bulgaria joins a growing chorus against the euro and dumps its long held plans to what dumped it. she of the world's largest armies those of india and china unveiled plans to work

more closely leaving west some countries on the edge over they going influence in the pacific. and moscow threatens london with diplomatic repercussions if it confirms its move to ban dozens of russian official. from entering the u.k. over they alleged role in the magnitsky case but a top lawyer died in custody. but eight years ago terrorists took more than a thousand people hostage in a school in the solomon russian town of beslan a special report on that tragedy is coming up next. it's morning this guy is point blank quiet but suddenly i hear a sweet melody coming from the farm omar is singing i think a bird's eye view of the people below is fascinating now they have turned on the light in one of the houses and three barefooted boys have emerged from another one

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