what's wrong is now making trading after all fifteen minutes also in the mainly a i was going to make steve point just north really kind of flat both ways really that says investors are wasting a bunch of bull per results on the existing here in europe as well or indeed golfing with check those out to the spanish prime minister mario but i'm sure he said that the local election results came up to justify he's a certainty who wrote. books tumbling. down to well now up next here on all t.v. form in the style of iceland tells all see how his country managed to pull itself together and away from the financial abyss. foreign minister scott peterson thank you very much for sitting down with r.t. well it's a pleasure iceland has recovered remarkably well following the two thousand a global financial crisis can you briefly describe to me how iceland came out of

the circumstance they found themselves in in two thousand and eight we were the first country down during the crisis but we were also the first country or. apart from the rest of the countries in europe when problem was the fact that. made an economic plan with me stuck to the plan we stayed because we took all the difficult decisions we didn't but you know we we want a little bit different we're going to grow up in countries instead of just. adopting everything measures we also raise taxes quite a lot meaning about the state. income for what. they did make it able to pay that. and that of course we also put money into infrastructure projects to stimulate the economy so we went in mixed mixed path

really that is what was different between us and europe but considering the turmoil in the e.u. economy which may go into a recession now but iceland be better off just staying away from the european union i don't think so i'm pretty convinced that the eurozone will go through the present difficulties and will sail through the rough seas in the end that believe that the euro will be a stronger currency long before but you already see that it holds more than hold for example of the american dollar doing really well in the. world with for example point five. stronger than the dollar so i think it is a currency that. in iceland you have this special situation where we are probably the. smallest the nation with an independent currency and then be globalized world we find ourselves i mean if you are

a small country with very little independent currency you you become like a prey that is attacked by all the sharks all the. so. therefore a lot of icelanders they think that in future there will be filled with a new growth so that this what we really are seeking really oh yes. but won't you this is something that will be it's a decision that will be taken by the people also holding a referendum we already. put in a lot of what we're seeking by joining the european union is. greater currency area with greater stability lowered rates and hopefully better shelter for another crisis that may loom in future for europe and i said that four of its big banks fall in two thousand but supported sectors of its economy europe is doing the exact

opposite right now as forging our aid to the alan banking system while imposing austerity measures on people why isn't the european union learning from iceland experience of the big companies they probably had of. the big countries the big comfortable asians never look at the small fish in the pond. why are they doing well but what we did what was completely opposite to the euro zone countries and you into the united states is that we didn't realise the losses we didn't let the taxpayer. is shouldering the burden what did more. phone call love to. go away with losses but we did the whole thing we. miss the average person let's just say the state. of the end with yours so you put the people first before the

corporations are that's what you that's what we do when i say that that sounds pretty nice pretty considerate it worked for us it worked for us in india i mean only four years after the crisis you know when when the world completely wrote off iceland what you see a small country that is doing well we have the highest rate of growth in europe now the new figures showing about the growth in iceland three point five percent projected to be there. in the same area for the next two years unemployment is down to four point five percent four point five zero point five so on and it is working the icelandic system is working do you think that a european union will survive with all of its current numbers or just think some will have to pay off loaded greece i think it will survive and i'll tell you why i think greece as you put it so eloquently will be offloaded because it will be so

expensive for europe it will be very expensive for some of the rich accomplished of eurozone so i think people will just come to terms and come to the conclusion that it will be. easier cheaper to save greece. and i think that this what will happen iceland is one of the key players in the arctic region that is estimated to hold thirty percent of the world's undiscovered gas deposits and thirteen percent of the world's undiscovered oil deposits could the arctic become the new middle east just a few decades from now perhaps not a new middle east but. the arctic contains a lot of untapped resource. if you just think about iceland in the future of iceland i think within perhaps twelve or twenty years you will have all fields

north of iceland one within the iceland the economic zone and that's one which we know this business pretty well. should just it may be. so i think definitely in the arctic you will see a lot of new wealth drawn from in the future that will be to the benefit of countries like yours like russia like iceland like greenland possibly the fairways of some others but it isn't the only opportunity i mean if you look at iceland we are placed so to speak in the affluent of the arctic ocean and some of these spills are exactly in the areas where the new currents a poor go between iceland and greenland so let's just think for a moment the pub what happened in the gulf of mexico christ if that would happen of iceland the extreme low temperature oil doesn't the great need to really but the

catalyst doesn't do not work it would be a couple strokes so we have to tread very very carefully. but the answer is yes i think a lot of nations school dropout a lot of wealth from the arctic how do you respond to recent reports of chinese investors becoming increasingly interested in leasing land in iceland and what do you think china's involvement in the region will mean geo political well the iceland the. market reacted very positively in the first place thought this was a very. interest they welcomed this interest and china like russia has always treated iceland with respect you know our friends in the past even of systems like russia did during our crisis i think there's a lot of apprehension now by the icelanders about china this is probably and possibly by. external media about all seem to be afraid on iceland's behalf but

what will happen is that there will be a new traffic route across the arctic definitely and china is looking at because it will cut the cost so. transporting chinese goods from asia to europe by forty percent so in iceland there is a lot of interest in certain areas to work with chinese on developing this in the future i think. you will see that anyway however things developed by stunt will be one of the stepping stones between. europe where the ice has melted in certain manner that you will. you will have a new car group. that will be pretty soon perhaps within some two years ago iceland came up with something called the modern media and national have its

legal framework to promote investigative journalism considering the fact that iceland and you yourself have become the victim of. leeks what's in it for iceland to permit such i think a framework well i wouldn't phrase it. the way you do with the dice on a victim of italy but you'd probably have well i mean you're talking to a guy who certainly saw a confidential report my. splashed on the pages of the media actually the weekly scroope made the first trial run with documents related to iceland because they had some particular connection to icelandic individual but. in the end this resulted in this bill of like islay shalott is being proposed in the icelandic parliament about has been embraced to a certain extent by all sides of the house i mean iceland at least tries to be

a partner but. well. but this doesn't mean that we want to be even for illegal things. but what we're trying to do. or this bill. to do a lot of playing ground work for a cooperation between nation but it is. broad that will. publish things that might be negative for. the truth. but nevertheless good for the society of the whole i mean for example if you have corruption within government i think at this point. in the op open. that's the angle i take on it but it hasn't been passed the foreign minister scorpions and thank you very much for your time thank you.

i never thought i could earn a living this way. and i tell you a shill of oil is a shit test small arms machine building plant. count of all the weapons she had over the past twelve years. i got so used to it sometimes my friends ask me to join them at the rifle range and i say no way i'm so tired of shooting. the planet's history goes from making firearms during world war two to ballistic missiles from nuclear submarines during the cold war the bulk of the soviet industry was moved here in the 1940's to the advancing germans south here also became the heart of soviet military production closed off to foreigners for half a century it thrived on the lesser of the soviet military when the u.s.s.r.

collapsed and life here was shaken to the core but just. home adapted to better than others. this is the usual truck factory rush is the number one of truck made or doesn't look at how well the workplace is organized everything's done to make sure the workers don't waste time waiting there was so production is booming in the factory has largely managed to get on to civil rails these giants are sold around the globe here based in brand new beef now waiting to be delivered to a quiet seventy trucks like this one roll off the plants conveyor belt every day slogan about this things that absolutely huge. well i'm no formula one pilot but hopefully if i can get up that. i can go for a test drive. whoa

that was found that says to get one of these to travel to one every morning was with a cost of about forty thousand dollars i should start saving money. what will change when america picks its president amid muslim rage walking the around tightrope pushing china and russia as occupy anger spreads to two parties still dictate we'll be there for each of you a selection of clothes guys every day our team beginning of july twenty second.

pro-government militias in libya keep up their assault and seize on colonel gadhafi as former stronghold of bani walid fierce clashes in the outskirts of the town has left over twenty people dead and many more injured with reports that chemical gas is being. plus america's global position is the topic for obama romney's final turn on t.v. head of the presidential poll in two weeks and they're running neck and neck right now and voters are having a tough time telling them apart from party has in-depth coverage. also fresh some rest reported in beirut with people injured after a weekend of violent clashes sparked by the assassination of

a senior intelligence official the opposition blames damascus on the lebanese government with the protesters demanding the prime minister's resignation. now it's the sports with kate. and i thank you for joining me for the latest sports and here are the top stories. removed disgraced cyclist lance armstrong is stripped of his seven tour de france titles by the sport's governing body and banned for life. while number one blow a spa type must rely on their third choice keeper against benfica at the surrogate as you call the break says quote ahead of tuesday's crucial champions league match here in moscow. and high speed drama russian up and come up that you're not just missing out on the formula read out to title after choosing the wrong players in the last race of the season. the first disgraced cyclist lance armstrong has been

stripped of his seven tour de france titles on what the sport's governing body calls a landmark day for cycling the forty one year old was also banned for life after the international cycling union agreed with a damning report by the u.s. anti-doping agency the one thousand page dossier claims armstrong was the kingpin of a major drug ring helping him dominate the tour de france from one thousand nine hundred ninety two thousand and five and the organizers say they'll keep the titles vacant and meanwhile the texan has always denied any wrongdoing but refused to fight these charges and last week the cancer survivor also stepped down as chairman of his charity foundation live strong. this is a landmark day for cycling. cycling indeed has endured a lot of pain as it has absorbed the in part of the usada report u.c.i. will burn lance armstrong from cycling and u.c.i. would strip him of his seven tour de france titles. lance armstrong has no place in

cycling. now moving on to football and spartak moscow have had to turn to their third choice goalkeeper as they prepared to host ben figure and choose days vital champ. here in moscow after second choice said go physical broke a bone in his foot scans revealed the twenty three year old will be out for at least a month well the shot stopper picked up the injury during sparta two one defeat at league leaders and jay on saturday now twenty eight year olds are children of love is a step to deputize between the sticks in his first ever european tie while striker emmanuel a mini also remains at that response like a bottom of the group g. after losing both games so a home win is paramount for the red lights. but there are i think this game will be the turning point both through us and bill feel it's clear favorites you know groups of three teams are doing better for second place now that he's been feature in celtic unfortunately we failed to secure any points against celtic so tuesday's

game is vital for us because we can't afford to lose at home any more if we want to play in that second sequel to the end. well meanwhile domestically the focus turns to the bottom half of the table this monday night as clearly as a battle eleven are about to kick off at home to bottom side valda to watch just once this season and the six points from safety. meanwhile on sunday says that coach limits lecky praised his players fighting spirit after winning two minutes home to ten man rubin to go within two points of redesign the army men took the lead from the penalty spot with twenty minutes to go after my gruesome was ended by a van lock on a and sweden's rasmus elm slotted home four minutes later the day got even worse for mark on who saw a straight red card after high challenge him to sixty home the one we're so scored test as second eight minutes from time after latching on to alexander silas pass. while in the early copy going over danko volleyed in jazz a morrissey i was crossed midway through the second half to end high flying to rec

i wonder when it was the check inside picked up their second straight victory and finished the day third four points adrift of and cheat. on me while in england on sunday a rock bottom q. beyond drew one one will inform everton who had steven pienaar sent off and sunderland snatched a one one draw against ten thousand newcastle after a late own goal from denver bar. now the new olympic bobsledder track in such a stage it's first test event this week with competitors claiming it's an easier but safer run than the one used at the vancouver games where one loser died ahead of the tournament and several competitors crashed out on the twenty twelve russia cup will get underway on tuesday on the new track which was approved by delegates from the international olympic committee this year and after this week's tournament bigger international events are shadowed for next year in the run up to the olympics and so far the competitors have been positive about the new run. for the new super bowl compared to the track this one is easier but it just you were as you

are still in the recent bad accidents as you know and lot of athletes were in a section yes why am i on this trip to see for. the price. and meanwhile over in spain there was a dramatic end to the red eye world's two series as russian just missed out on being crowned champion at the final race of the season in barcelona and with all his confidence that south of. fourteen point separated the new york we had from stuff you wonder and before the final race of the can being in a way dramatically affected the results of the morning qualification session as well as the race clear out felt no pressure and captured a crucial pole position while his title rival had a disaster was run and had to begin from sixteen sport yet the twenty year old belgian produced a fantastic start as he overtook down opponents to go six on the second lap but he

dodged another car in the torn and one door and was forced to retire for the first time this season and we had had to finish on the podium to grab the title unfortunately you have to decide. touch with somebody and. went out of the race so . good and then i thought ok it's it's all gone gone again meanwhile kraut said the great bass and was comfortably head of the chasing back but first date in year old was fined for not making a beat stop on time and sleep to third and then his team paid for not changing tires as the track dried and it was impossible to keep up his speed so clear out had to watch as a victory sleep through his fingers and he eventually finished eighth in a real option for the rain tires because the track seem to sleep very and red and there were some clouds coming and we thought that the rain will roll down again so . we make sometimes wrong choice sometimes you make right choice today was the wrong choice all over rowland of the four tech team was the first to take the

checkered flag however it was wondering who stole the show as he was crowned this season's champion and takes home half a million euros now i feel really delighted after after securing a title but i mean after all today after qualifying it was that it was going to be over and. i was going to. lose the championship because i was starting p.-six dean and my rival was starting on pole so i think it will it looked almost like an incredible job but my team and everybody around me really supported me and said it was not done yet it was a thrilling climax to a great rivalry at the circuit i've got a long year hopefully both one door and then will take the next step and move up to calista formal a run or three point five and maybe in a couple of years time we'll be watching them compete in formula one constantine but of archie barcelona spain. and finally the first season of the international student basketball league has got underway in moscow with twenty two

teams from six countries taking part so far but russian organizers hope more teams will soon enroll their man closer every port. the newly formed i is be able. united's the highest echelons of state in basketball from russia ukraine villa roos kazakhstan lithuania and estonia the sport's popularity in those nations is a long way from north america's and c.w. march madness but there's no doubt the organizers will do all they can in the inaugural season to achieve the league's longevity and expansion student basketball in russia is not at the level that it would like it to be and the long run so show that the existence of the premier league call student teams plus the international teams will help us to a result we probably will go to the next level next season but this is a trial season so there will be mistakes they'll be problems try to make it work they've her national student basketball league has been

a work in progress for many years and most go state university along with sponsors and russian government officials have finally made that first step towards creating a highly competitive college pool was capable of. basketball is generally a game for young smart people and here we have students who are just that basketball has always been extremely popular with students and we hope that one t r t will be taking part in top international university competitions and come out as winners of course was to bring us the news you can see this season the eye has details exposure will be limited to the six former soviet republics but the players themselves will get a chance to assess this frank against and see them and top european universities as soon as may of next year at the international student basketball festival in the capitals of the rest where i am on call for of our take calls. and that's all as

well for this policy and i think. six.

sixty. six. friend jackie northam forced terrorists attack. ex hostages blunders into their lives and after the tragedy. still gives try to cross out the past. because their future. culture is the same i'm going to use business to find the market turkey and its world ahead a little over a year ago turkey was being hailed as the new leader in model for the muslim world

among many turks the. how can the truth be revealed. to the servicemen. the people of this.

mission to teach.