said the country was halting supplies to spain italy france greece portugal and the netherlands this caused all prices to jump to a six month high. now the euro has been depreciating against the dollar and negative news from the e.u. the ruble is high against both the european and u.s. currency gains on the russian market. european markets ended mostly high on better than expected growth data from germany and france and also meant signs support for the region from china but britain's footsie close point one percent in the red king off media reports that he would zone officials may delay a bailout package for greece mining stocks slipped for a second day in london led by anglo american that was down three percent. here in russia markets closed in the black lifted by higher prices of oil will be r.t.s. and the lies extended even let's check on the index for some of my six most of the blue chips and that higher all majors were in the front line would look all up under a percent bank finished higher as well the company finalize a deal to buy east european fog bank international and try t

really think of it when it comes this economic crisis we have the netherlands of france also portugal italy spain and greece is well there's already been questions raised here because to run says that he can find other people to buy exports to the likes of india and china where is this down to being raised as to whether or not the e.u. can or do you place that good and quite cheap supply of oil to those who've been so stricken in recent times greece in particular is in a sticky situation right now failing to guarantee another bailout plan even though they push through further popular austerity measures just on sunday and this really raises a bit of a concern of the moment that those imposed sanctions on iran back in general by e.u. member states could surely come back to bite them. meanwhile tehran has rated very to its rigid retinas to resume nuclear talks with major powers to discuss the country's controversial nuclear program and that's why israel has stepped up pressure on iran with prime minister binyamin netanyahu saying what he described as terror is aggression which has to be stopped and

italy, portugal, and spain also had their ratings downgraded. moody's said the changes reflect the weak economic prospects and the uncertainty over whether resources will be made available to tackle the debt crisis. >> if you needed a reminder of the impact of the turbulent events in europe in recent months, this was it. economic uncertainty not only increase, but also across the whole continent has been reflected on the financial market. moody's has not altered the triple-a rating of france, united kingdom, and austria, but said it might in the months to come. it has downgraded the outlook in all three to-. it has downgraded the ratings of italy, portugal, spain, slovenia, and malta. spain, the country in the western europe with the highest unemployment rate, feared worse. it was downgraded two notches. responding to the ratings, the british finance minister said, "this is proof that in the current global situation, britain cannot waiver from dealing with its debt." the opposition labour party was quick to blame the government. the finance mini

really thick of it when it comes this economic crisis we have the netherlands of france also portugal italy spainand greece is well there's already been questions raised here because tehran says that he can find other people to buy its exports that's the likes of india and china where is is down to being raised as to whether or not the place that good and quite cheap supply of oil to those who have been so stricken in recent times greece in particular is in a sticky situation right now failing to guarantee another bailout plan even though they push through further popular austerity measures just on sunday and this really raises a bit of a concern at the moment that those imposed sanctions on iran back in january by e.u. member states could shortly come back to bite them. stay with us here on r.t. for more analysis of the e.u.'s economic woes with journalist charlie mcgrath will join us later this hour. meanwhile tehran has reiterated its readiness to resume nuclear talks with major powers to discuss the country's controversial nuclear program as well israel has stepped up its stance against iran

said the country was halting supplies to spain italy france greece portugal and the netherlands they call this caused oil prices to jump to six months high let's look at the figures now quote all futures rally to the best level in five weeks light sweet is trading below one hundred two dollars a barrel brant is trading at over one hundred eighteen dollars per barrel the euro is gaining a bit against the dollar after seeing some losses on tuesday and the ruble is high against both the european and u.s. currencies following gains on the russian market stocks in the u.s. are mixed hovering between gains and losses dow jones gave up an early gain it was down thirty five points shortly after the opening bell major indexes had been poised for games until reports emerged that the e.u. finance ministers might postpone at least a portion of the next round of aid to greece. and here's your promotes markets and balance on wednesday on better than expected growth data from germany and france and also amid signs of support from the region china and in other news the world bank president robert zo

said the country was holding supplies of oil to spain italy france greece portugal and the netherlands this caused oil prices to jump to a six month high let's look at the figures now who are all futures rallied to the best level of five weeks like sweet is currently trading below one hundred and two dollars a barrel and is hovering at one hundred eighteen and one hundred nineteen dollars. the euro is gaining a bit against the dollar after seeing some losses on tuesday google is high again. both the european and the u.s. currencies following gains on the russian market. stocks in the u.s. open mixed children between mild gains and losses certainty over greece counted better than expected economic reports from europe and on american manufacturing comcast climbed six percent after the cable provider reported a higher profit. most european markets are trading higher this hour but britain's footsie slid into negative territory after trading in the black lead while greek politicians assure the country's european partners that they will implement an unpopular round of additional austerity me

really thick of it when it comes this economic crisis we have the netherlands of france also portugal italy spain and greece as well there's already been questions raised here because tehran says that he can find other people to buy exports that to the likes of india and china where is down to being raised as to whether or not the e.u. can review a place that good and quite cheap supply of oil ticky those have been so stricken in recent times as a question has actually been raised as well by the lights of the greek parliament they've asked for assurances that there will be a steady stream of or supplying them given their particularly stressful situation at the moment still yet to secure that second round of bailouts but they're much need to pay off the marches debt even though they've implemented recently austerity measures that proven very unpopular so concerned really amounting now that some of these sanctions imposed back in july come back to bite those members who actually install them in the first place. aren't supporting live from athens thanks for that update. meanwhile tehran has reiterat

italy, portugal, and spain had their ratings downgraded.certainty over the resources that will be made available to tackle the debt crisis. >> if you needed a reminder of the impact of the turbulent and events in europe, this was it. economic uncertainty, not only in greece, but across the whole continent. moody's has said it might in the months to come. it has downgraded the outlook in all three to-. it has downgraded the ratings of italy, portugal, spain, slovakia, and slovenia. spain is a country with the highest unemployment rate. it was downgraded two notches. responding to the rate things -- ratings, george osborn said -- the opposition party was quick to blame the government. the shadow finance minister said -- both sides are all too aware of the potential cost of a downgrade. those in france and austria, last month they were stripped of their coat -- aaa status by standard and poor's. this means there is extra pressure on countries to find ways to ensure sustainable growth. in times of cuts in pensions, it is the hardest part of all

way out of this default we're now more interested in what's happening in the south of europe portugal spain italy but we're not present in these countries the countries where we are present they have clear macroeconomic picture and policy. so the business news on it so for me as a wall today my colleague in america will be back with all things business in about fifty five minutes. welcome back to watching r t live from moscow here's a look at our headlines russia has accused forces outside syria of encouraging rebel groups to continue fighting and stay out of peace talks ahead of a u.n. general assembly vote on a resolution aimed at the assad regime. as for low. firstly the law says that you use demands on them to be kept in limbo when presented with more terms as a starting leaves greek hospitals form of wing of the military on a scale. that iran's display of nuclear progress and offer of talks are dismissed by america israel as bluster and response to severe economic sanctions. transparency competition and a connection to the next president medvedev has a new bill aims to overhaul and simplify

italy and spain. it dropped italy, portugal and slovakia and malta and slashed spain by two notches. countries with the highest were spared downgrades. it lowered for france and austria from stable to negative. these two nations could face a rating cut. it listed britain to negative. it is bringing continued issue over the economic reforms. it made the decision after standard & poor's 500 downgraded nine eurozone countries, including france last month. separately, the eu welcomed greece's approach of the austerity measures. >> yesterday, the greek parliament served a crucial step forward. >> eu monetary affairs commissioner said the decision reflects the resolve of the greek people to tackle their fiscal problems. greek parties must now make a pledge in writing to actually execute the austerity plan. the eurozone nations are ready to hold another finance minister meeting on wednesday to finalize the bailout package once greece satisfies all of the conditions. among the news surrounding the eurozone, the euro is lower against the dollar and yen. euro dollar at the middle row is curren

ratings agencies moody's has downgraded the debt ratings of six states including vulnerable portugal italy and spain and it comes as the bloc struggles to prevent greece from default by offering bailouts in return for more austerity but as artie's jacob greaves reports more and more greeks feel the measures will only make things worse. a system under siege m.p.'s drowned out the pleas of tens of thousands of demonstrators amassed within earshot passing another round of unpopular cuts. the results proved incendiary. that uganda protests turned violent as protesters including fringe and kissed clashed with police again leaving their mark on athens. the day all this is the remnants of public anger big losses and the only thing that's been broken as governments past increasingly unpopular austerity cuts will be left asking who can they trust serve their interests to the measures are very very tough part of the poor people especially and this is the reason that they feel. today i think more measures have been taken and they're it's not going to work in the end they'll be another bill here clearly bad and

we've been very -- >> we've seen countries like spain and portugal, italy that have enacted fiscal con sell dags packages to balance their budgets and enjoyed in some of these sovereign bond auctions some pretty significant demands or pricing relative to what people would have expected but maybe suggesting these austerity steps and measures were the pretty approach and their debt-t debt-to-gdp ratios are over 100%. we're at 100% and we've had ample warnings. what level of debt reduction do you think is necessary over a ten-year period to get our country back on a more sustainable path? >> lots of people have tried to analyze that. we've published a lot of work at our institute, including by carmen rhinehart, who is one of the great experts on this. the conclusion depends on method analysis but the bottom line is if your fashion debt to gdp ratio exceeds 60%, you're at risk. if it exceeds 90%, you're almost certainly going to take a significant hit to your long-term growth. her database, which goes back a long way, shows that chris whose debt to gdp ratios gets beyond 90% -- >> gross de

states including vulnerable portugal italy and spain. and economist our climate at a full thing now is the most indebted euro zone members if ever ready on the table . doing it slowly but surely sort of preparing us the public default is imminent and not to avoid it will be sold to the european commission are crucial really saying as much in the don't sure media and so we hear it from even those sources like i am as sure i think this situation already have assessed is unsustainable the greek economy is suffering to march the measures only seem to make it worse the greeks and also living up to do agreements they signed this is not a system situation we're going to go on for very long but i think it's going to happen to these small countries will direct you know your project don't it is going to cost a lot of course the leaders will say that every single time that what they have to say they will reassure us that there is no question about europe project as i can. see in science you're in sort of in in certain circles it's a real many of ou

from rating agencies moody's downgrades the debt ratings of six states including vulnerable portugal italy and spain this is the bloc struggles to prevent greece from default by offering bailouts in return for more austerity or he's jacob greaves has more from ethics through. the system on the c h m p's drowned out the pleas of tens of thousands of demonstrators massed within a short passing another round of them popular cuts. the results proved incendiary . that uganda protests turned violent as protesters including fringe and a kiss clashed with police again leaving their mark on athens. today on this is the remnants of public anger the glasses of the only thing that's being broken as governments passed increasingly unpopular austerity cuts will be left asking who can they trust serve their interests the measures and then that's part of the poor people especially and this is the reason that they would still. be today and i think more measure will have been taken and it's not going to work in the end it will be another bill. and. oh i hope for the best but i don't see it coming. under pressure from

blow from the ratings agencies moody's has downgraded six he states including vulnerable portugal italy and spain and a writer and consultant george means that greece has become just a puppet. european leaders want to really increase the pressure on greek politicians to follow through on their promises and the european leaders want to pay off their own creditors before letting the greeks spend money on themselves but that what the problem really goes beyond this particular set of negotiations what the europeans are demanding of greece is something that northern european countries would never accept for themselves they provide social benefits and all kinds of programs that allow them to live normal happy lives and they're trying to deny the greeks all that knowing that the greeks in the long run are not going to be able to pay back these debts the europeans have created a currency and they're demanding that the people in control of it are the only authorities they can. say what people do with the currency but the currency has structured is very weak and has a lot of internal contradictions in the

rating agencies moody's downgraded the debt ratings of sixteen states including vulnerable portugal italy and spainthis is the bloc struggles to prevent greece from default by offering ballots in return for more austerity parties jacob green's reports from athens. system on the seach m.p.'s drowned out the pleas of tens of thousands of demonstrators amassed within a short passing another round of unpopular cuts. the results proved incendiary . that you got the protests turned violent as protesters including fringe and the kids clashed with police again leaving their mark on athens. the day all this is the remnants of public anger the glass isn't the only thing that's being broken as governments past increasingly unpopular austerity cuts will be left asking who can they trust serve their interests the measures are very very tough part of the poor people especially and this is the reason that we feel. today i think more measures have been taken and they're not going to work and there will be another bill. bad and. oh i hope for the best but i don't see it coming. under pressure from brussels berlin a

asked for capital this is just greece like i said portugal ireland italy and spain also got a bit of the pie got away with it why can't we get away with it you know again there's no way around this except for everybody to recognize that the jet has been destroyed value is gone back at the market and start over again but you have a situation where the people on top want to remain on top so if you wipe everybody's capital out. mark everybody market and many banks no longer exist you know many of this is because it's several countries are wiped out and wars only asses so in order for them to stay in place they have to create a new set of rules because capitalistic market pricing is not working if you kept with the market pricing they're bankrupt so they say we're no longer mark you know a bonds to market it doesn't matter what people want to pay for them that's not where they're worth their words what our model says they're worth that's the model if that doesn't work then they say well so you what the e.c.b. which put most of these greek bonds doesn't have to take right but everybody el

inevitable that britain will lose its aaa rating to the legs of spain, portugal, and in believe -- tripling rating. for the likes of spain, portugal, italy, it's no surprise there. >> the person who carried out the bomb attack on monday was very well trained. israeli officials defused a second car bomb in the georgian capital. the minister describe the deli incident as a terrorist -- the delhi incident as a terrorist attack. >> a very well-trained person has committed this attack. it's also credible to believe that the target was the israeli diplomats's wife. therefore, one has to proceed on the basis that it was a terrorist attack. >> authorities are seeking to question the former president over his decision to order the arrest of one of the country's top judges, which led to his else steve from power last week. police -- which led to his ousting last week. he has refused to give a statement. the nasa space agency says it will pull out of upcoming missions to mars because of budget reductions. the agency says it will withdraw from joined voyages to mars with the european space agency scheduled for 2016 and 2018. these missions were to b

certainly not now not in or nor spain nor portugal nor greece nor italy whom the the so-called peace i don't know about an island i don't know very much but certainly not spain of course in theory you could have a uterus wrong with the core countries with germany the netherlands. austria maybe to a france. but i am i my feeling is that if the peripheral countries abandon the euro i don't think the although four or five or six countries will feel very happy remaining alone where you've written about things exit from the area saying do you think that is a realistic option is a political problems the that and it's also is. a credit. debt problem you see. spain has as we said before about. one thousand nine hundred billion in foreign debt about half of that is held by germany and france maybe banks and funds and investors so you could see france and germany they don't want spain to default because of course leaving the euro is seen only most of defaulting i mean because if you leave the euro the fording that you have to you can repeat so if spain leaves the euro spain has to default and t

no it's finished for them ireland some italy is toast no hope for them whatsoever portugal under the bus spain no italy they have twenty five hundred tons of gold if they can hold onto it they're in good shape but i suspect that the current government will sell that italy's gold oil is a deal with the i.m.f. because they're totally corrupt and this leaves only germany if at the end of the day well max this super committee of blue shirts i think we've decided on my heart on the final say here christine legarde she was up at davos i think she had it right you know here we saw that greece is no longer going to have these austerity measures or the i.m.f. is afraid of it christine legarde also said in davos that portugal spain all the rest of europe all these peasants they're a little bit too close to paris london and berlin and maybe they're a little bit too afraid of austerity measures here thought was thought more about that stays there were thank so much being on the gaza report thank you max don't go away much more coming away stay right there. mission. critical three. more charges. range from

this as it cuts ratings for six others including spain, are italy and portugal. and italy are on target with the latest bond auctions hitting the top of their intended range. german's bund falls as a result. >> and japan's central bank eases policy surprising the markets. boj says it's hopeful growth will recover but down side risks remain. >>> good morning and welcome back. nice to have you here on "worldwide exchange." let's take a look at the u.s. futures and see how we're setting up for trade on wall street. it's really interesting, ross, as soon as you mentioned that auction data we saw the futures turn a little bit. now we're looking at a higher open. if the markets were to open now the dow would be higher nearly ten points. the s&p 500 up by nearly two. this was after a positive day for the markets yesterday, although we closed off session lows. we did see light volumes, ross, and it will be interesting to see if investors are back in the market today. >> just remember $4 billion at 2014 auction out of italy, the yield on that 3.4%. it was 7.89% in november

moody's investors service has downgreated credit ratings on italy, portugal and spain. france, britain and austria kept their top ratings but had their outlooks drop to negative from stable. >>> apple stock rose. two weeks after the company announced it doubled its profits last year. >>> all the speculation about apple's new ipad 3 could end as early as wednesday, march 7th with the company announcement on the new and improved tablet. >>> google has won approval to acquire motorola mobility in a deal worth $12.5 billion. the ceo of gulf oil says he expects gas prices to approach $4 a gallon this summer because of refineries closing and middle east tension. >>> general electric, partial owner of this network, says it plans to hire 5,000 military veterans over the next five years. >>> soon you'll be able to buy a piece of the empire state building when the owner of the skyscraper goes public with an ipo to raise a billion dollars for upgrades. >>> finally, delivering valentine's day flowers can be tricky. in the far north of canada getting roses to the arctic requires spe