e.u. leaders following the deal pushed through by athens we get reaction on this development shortly here on r.t. . international news and comment live from moscow this is r.t. with the twenty four hours a day syria's exiled opposition has once again rejected a call for dialogue with the assad regime saying the crisis requires a military solution and diplomatic appeal for talks this time came from the u.n. arab envoy kofi annan who's set to arrive in damascus this weekend and while the battle on the ground continues the war has moved on line and salties were reports. i think. once purely a day of prayer friday has become one of the finds cross the arab spring countries in syria this new tradition has gone even further with activists online giving every friday its own very special name through flicked the opinion of the street or of the syrian people and to also send a message to the external world about the syrian situation or the opinions of same people but the days of names like dignity and honor from last march have come to an end with calls to arm the rebels and kill the president bec

e.u. leaders signed a new pact on tough budget controls while people across europe unite against cuts to their wages and pensions. five pm in moscow i matras are bring you today's top stories and a look back at the week's news here on r t millions of russians today picking the man who will be president for an unprecedented six year term polling closes in just under four hours and we're bringing you comprehensive coverage from the heart of moscow. well today's turnout is thought to be high with russian voters showing a huge level of political activity leading up to this vote authorities making every effort to make the poll as transparent as possible and hundreds of thousands of independent observers are spread nationwide and every ballot box under the watchful eye of webcams which anyone can click on line and watch archie's alexei years live in red square he's bringing us the latest so i'd say. yes indeed it's a very interesting day for us here in russia with election going on and to talk about the opinions and basically how this election is going we're joined live here at the red square with.

e.u. leaders had to say about the election. well no official statement yet from the e.u. leaders nor have been there are statements on the claim to victory of fulton however we did hear from the president of the parliament of heartiness scholtz and this is the latest and he said that he is concerned that the electoral process lack of fairness notably in the a limited choice of candidates as well as irregularities in the procedures however he did welcome the reawakening he calls civil activism in russia we also heard from a spokeswoman a foreign policy chief catherine ashton who pretty much said this similar thing saying the e.u. shares concerned so the international monitors over quote unquote shortcomings in the russian presidential elections and calls of moscow to address these problems and also on sunday we heard from the a foreign minister of germany gave an interview to a local paper where the headline read the vestibular praises russian election protests he says it's an interesting and positive sign that there are demonstrations of this magnitude he says he doesn't t

e.u. leaders have sealed a key. aimed at keeping member states deficits within limits which critics say will however close nations that when it comes to budget policies. that refuse to sign the treaty. is a way to. russia's prime minister presidential candidate vladimir putin says the rising opposition. changing public mood for a new media the election refused to back new parliamentary elections however if he wins sunday's. there the headlines to stay with us next week to explore the best vegetarian right here in the russian capital moscow. russian cuisine is. famous for its pies stroganoff and hearty bras but have you ever wondered about how many. about five to ten percent of muscovites are in fact terry in. preference religious or as. in the person council. has. become a modern requirements in a competitive. restaurants are promoting free on the menu. is one such. is one of his rising vegetarian and beacon markets. so i. basically just marinated hopes. some solid leaves very different. in different ways and obviou

e.u. leaders following the deal pushed through by athens. more on those stories more developments for us in half an hour from now i should say fifteen minutes from now in the meantime the sports news is next with. hello and welcome to spore and culture events these are the headlines. breaking even the eager essential heads home a spectacular equalizer as. scott's the one one draw in a professional sports are the. magister blues told him i said man city selfish defeats in the last sixteen but you've uppity. and early exit case still champion sell about your live lose at home to a chorus to go crashing out of the opening rounds of the green cup playoffs. football first though and in the russian premier league title chasers says andy now will have to share the spoils after a draw you want all in friday's moscow darby and the league's top scorer stated to be out open for the army men just three minutes in the ivorian striker making the most helpless you know defensive blitz and much of his twenty fifth goal of the season by joy was followed by h

e.u. leaders cited new pact on tough budget controls while people across europe unite against cuts to their wages and pensions. six pm in moscow i mattress or bring you today's top stories at a look back at the week's news here on r t tens of millions of russians choosing the man who'll be the president for an unprecedented six year term today polling closes in just under three hours we're bringing you comprehensive coverage from the heart of russia. today's turnout expected to be high with russians having showed a huge level of political activity leading up to those who vote authorities are making every effort to keep the poll as transparent as possible hundreds of thousands of observers spread nationwide every ballot box under the watchful eye of live webcams for the first time which anyone can tune in. live in red square bringing us all the latest so there's only a few hours left for the western part of russia to finish voting what's the latest we're hearing now on how about spelling. effect it's only three hours remaining until polling stations close across the country and we'll be rece

e.u. leaders signed a new package on tough budget controls while people across europe unite against cuts to their wages and pension. four pm in moscow i met treasure bring you today's top stories and a look back at the week's news here on r t millions of russians today choosing the man who'll be president for an unprecedented six year term polling stations close in a little less than five hours we're bringing you comprehensive coverage from the heart of moscow. today's turnout said to be high with russian voters showing a huge level of political activity leading up to the vote authorities making every effort to keep the poll as transparent as possible hundreds of thousands of independent observers spread nationwide and every ballot box under the watchful eye of webcams which anyone can view with streaming video artie's alexei or ships he live for us in moscow keeping an eye on the vote for us here on r t so how's it been going what's the turnout like and already observers satisfied. well we can now say that the election has tossed its equator with only just five hours remaining until pollin

e.u. leaders have agreed to give it the go ahead and it's expected to be ratified by at least twelve euro zone nations this pact comes with tight budgetary rules that must be strictly adhered to or else face automatic sanctions. member states must maintain a balanced budget or have a surplus keep a budget deficit of three percent or less enshrined the balanced budget rule into national legislation with it one year preferred within the constitution if budgetary targets are not met the guilty nation could be brought to the european court of justice and be obliged to make penalty payments the reins of strict budgetary oversight will be in brussels hands now we've in europe in brussels we've got our first saw and there's a budget star and he's going to police all the bridges all the member states and these member states will lose sovereignty in the field of budgetary policy. is the population going to accept this. a population that's already been forced to accept want tougher security measure after another good economist in the rules that if you are doing austerity everywhere you go towards c

e.u. leaders signed a new pact on tough budget controls people across europe unite against cuts to their wages and pensions. it is election day in russia and he is coming to you live from moscow city center with me rory sushi a very exciting program we have for you today as tens of millions of russians are choosing the man who will be president for president had six year we're now into the final hour of voting on bringing you a comprehensive live coverage from the very heart of moscow. well turnout is said to be high with russians having showed a huge level of political activity leading up to the vote i thought he made every effort to make the poll as transparent as possible hundreds of thousands of independent observers are spread nationwide and every box is under the watchful eye of live webcams which anyone can shoot into to watch but it's not when our teams are standing by for us on a red square to mike good to see you so as i was saying the clock is ticking very little time left now for western russia to finish the votes you know what is the latest we're hearing right now as to how it's a

e.u. leaders. well from e.u. leaders there haven't been official statements as of yet although after the recent summit they had last week although several of them rather had said that they would like to wait and see until after the russian elections and see how they could reassess their positions on various international issues with partnership with russia is crucial but we did hear from a source minister here is a headline from a german paper saying the surveillance traces russian election of protests and he says he sees it as an interesting and positive sign about the demonstrators of this magnitude are taking place and he doesn't think it's a one off action but he also concluded that no matter the outcome of russia's elections germany will pursue a strategic partnership with russia this cause a lot of the commentators here in europe also say that regardless of who becomes the next president a lot. of got person a fact remains that russia is still crucial partner of europe in many aspects and therefore be a part

e.u. leaders meeting in brussels. running a gauntlet of throwing and spitting hurts asters the french president has a tough day on the presidential campaign trail watch this video in full on our website r.t. dot com. also a smuggled secret nasa reveals a computer containing comedown code for the international space station has been stolen the details on our air team. and i was watching presidential campaigns in the final straight ahead of sunday's vote image makers behind those running for the top job have been finding new creative weapons they've been using everything from extravagant internet clips to less imaginative street banners to support our discussion or chart takes a look at a wide range of tools being employed and if they work. there is been a lot of singing dancing drawing and even cooking this election season as presidential campaigns go he's been hot and creative. with your opposition is a force hard in the online wars from rapping and slating the continued bet in tandem to posting not so innocent video

e.u. leaders see the budgetary discipline the school civility pact is expected to bring as a step closer to solving the eurozone structural imbalances and help quizes it countries ease their way out of their predicament but it's a one size fits all approach that has worried about the impact it could have on healthier economies and could lead to huge preschool costs through dish and bias so even those countries that have a healthier fiscal situation they have your course with their fiscal accounts which can depress coming. at a time when banks face problems and they do want to tell you want to lend not a desirable scenario where the new buzzwords are growth and employment or cilia archie brussels euro zone finance ministers of water once again delayed greece's second bailout how things are is now wait another week pending the approval of disgruntled private investors who've lost up to seventy percent of the investments in greek bonds. and leader of the u.k. independence party believes that greece is now well and truly on the brink. no one doubts that tough decisions need to be taken in greec

e.u. leaders prepared to see what key fiscal pact aimed at keeping member states deficits within limits which critics say will cause nations their sovereignty what it comes to budgetary policies. let me out of the russian capital you're watching r t a marina joshie syrian government forces have regained control of the district of homes which has been the main center of armed resistance for almost a month rebels say that they have retreated for tactical purposes but authorities seem confident they have broken the bag out of what they call terrorist operations are using reason often spoke to a resident of the besieged city who gave an eyewitness account of what she said were atrocities the rebels committed while in control. clashes continue in homes but we're hearing that one of the opposition's main strongholds here in syria is now under the governmental forces control also the rebels withdrew from the city after the army is offensive to cleanse the rebel held baba amr area humanitarian situation on the ground is really very dramatic infrastructure is badly damaged there no water no electricit

e.u. leaders signed tough new budget controls to prevent nations from running up huge debts struggling people across europe united against the cuts being imposed to save their economies up next part two of the culture of resistance stay with us. and then tonight is evan who. the same nor that as a syrian citizen it's my responsibility to work hard on the music of this country and how you identify. and then i want to present it to people who are convinced that syria is some terrorist country. we can help politicians through music let them in when you develop culture in your country you are working through issues in the world of politics. for. them and now you can see yes this is the best message we can send to the rest of the world to say come and see what syria is what one chooses and what it has. not. since i was young i have loved arabic calligraphy and i believe or should have a message. that justice means that the rates of the people of god. should be returned to that it's a little bit over that. after that there should be no more revenge no not. yet but he had. already done that and i do

e.u. leaders sign on to tough new budget controls to prevent nations from running up huge debts but struggling people across europe unite against the cuts being imposed to save their economies. and next on our t.v. fighters for justice using culture instead of firepower stay with us. sure. sure. feet. here is one of the largest rivers in the world the plan is to dam all the major tributaries of the amazon river. there will be immense pressure not only on ecological reserves but also on the communities and the territories that are used sustainably by indigenous people. meanwhile agribusiness is encroaching illegal logging is taking place and so the single basin is now at a crossroads and is there's a resistance against this dam project that was going on for twenty years. oh i get it here to defend all watchers as if it on demand so right. if an issue in these energy willpower and the big al-ameen in companies and on mining companies. well house and resources. the. the. was. all due to the grief and anxiety at the end this people are suffering. i don't think this story will end well. and there w

e.u. leaders are talking about how to generate growth again. but what an embarrassment for the netherlands that it, of all countries, is dealing with very worrying figures indeed. the prime minister will have to introduce new measures. but he needs the approval of right wingers. the prime minister simply won't interfere, not even when a website is launched designed to criticize eastern europeans. >> it happened one evening the week before. she was making coffee when she noticed three shadowy figures lurking outside her window. >> one of them called, hey lady. then called me a whore in polish. then he threw a stick through my window. my husband ran outside, but they were already gone. >> they live on the outside of hague in a district with many immigrants. since the attack she no longer feels safe here. they came to the netherlands six years ago. she worked for a flower wholesaler. she earns the minimum wage. he is a forklifter operator on temporary contract with no benefits. >> why can't we get a steady job here? we have to go through a tempora

this is artsy but the leaders of almost all e.u. states have signed up a so-called fiscal pact intended to keep national budgets under brussels control with strict punishment for countries breaching debt limits and the u.k. and the czech republic refused to come on board while island awaits a referendum that's not cross live to r.t. to us it is standing by in brussels good to see you so amid all the champagne and a fine dining at the banquet apparently these politicians have signed a long awaited pact what's ahead now for the twenty five e.u. states which did agree to it. oh yes to see the treaty has been signed it today and what's next is that the a contracting parties will now have to present this treaty to their own parliaments and have it ratified but what is needed for this treaty to come into effect are twelve years old now ratifications for it to be implemented on to the contracting parties now twenty five as you mentioned of the twenty seven had a side on to this treaty what they are saying that this is a positive political

across talkers in about seventeen minutes with another the leaders of almost all e.u. states have signed a so-called fiscal pact intended to keep national budgets and the brussels control with strict punishment for countries breaching but that limits the u.k. and the czech republic refused to come on board while ireland awaits a referendum in brussels as artie's tells us. what's next is that the a contracting parties will now have to present this treaty to their own parliaments and have it ratified what is needed for this treaty to come into effect or twelve the euro zone or ratifications for if the two will be implemented on it the contracting parties now twenty five to twenty seven had a sidebar to this treaty what they are saying that this is a positive political statement that the euro is the currency of the european union of one hand it could be seen as a political statement on the other hand critics will see that two countries that did not want to sign this treaty the u.k. and the czech republic the u.k. has been very critical from the very start and you have are

e.u. leaders sign on to tough new budget controls to prevent nations from running up huge debts of struggling people across europe united against the cuts being imposed to save their economies. spotlight next highlighting the challenge of making russia's presidential elections the most open in the world. issues that so much of. which are right on it will be voting for the future in two days' time russians will go to the polls to elect their next president what is the nature of russia's political system how we see change. hello again. like the interview show artsy. today my guest on the show is. only a few hours left until the start of the most high tech presidential election in russia the polling stations are already by now and so are the two hundred thousand a well that will draw the balloting live on the internet has been a very ambitious and costly project of the russian government but insist it will be worth the life fee was put in his idea a debate will be election process transparent than ever before so it was a difficult to build such a network in such a short time and are there fish a

e.u. leaders are signing a key fiscal path to aimed at keeping member states deficits within limits which critics say will cost nations their sovereignty want to congress to budgetary policies and these are the live pictures from brussels the second day of the e.u. summit there. and russia's prime minister and presidential candidate ladder avoidant says the rise in opposition activities has energized his government to respond to changing public moods meeting foreign media election front runner refused to back new parliamentary elections however few when some sunday's polls. close of the top stories next we are off to explore the best vegetarian eateries in the russian capital moscow goes so stay with us for that. russian cuisine is. famous for its pies. and hot bras but have you ever wondered about meekness moscow. about five to ten percent are in fact vegetarians. preference religious or ethical reasons. when the person capital. has. become a modern requirements in a competitive. free. on the menu. is one such i'm a chef. is one of his rising vegetarian and vegan markets so i. basically

e.u. leaders have signed up on a fiscal fix to make sure they do not plunge into a debt cry siments it imposestricter control budget to ensure that greeks cannot be repeated. countries that break the rules will be hit by tough sanctions. the treaties were signed by 25 e.u. countries. only britain and the czech republic rejected the deal. let's speak to our correspondent there. ian, europe's been waiting for this fix to be signed. there is a feeling of satisfaction or is it too late for that? >> i think a little bit of satisfaction but there's also quite a bit of trepidation. i've been following it for a longime but britain vetoed the treaty of 27 countries back in december. the further discussion of this as special summit. 25 countries have signed the fiscal pact but that is not the end of the story. that's where the trepidation comes in. whether to ratify this into individual government, if the change of government in front and opinion polls suggests that is strong possibility in a couple of month's time and then the socialists want to rewrite the whole thing. they want to negotiate it. so de

e.u. leaders who hailed the agreement to be the end of greece's economic woes however another rating group tritch slammed the euro crisis efforts and showed no mercy to the struggling greek economy by downgrading athens to quote restrictive default in about ten minutes time here on our team max keiser and stacy herbert a look back to a decade to reveal the scheme which helped greece join the euro zone by masking its massive debt and i was talking straighter bank to a tidy profit. goldman secret greece loan shows to sinners as client unravels on the day the two thousand and one deal was struck the government of greece owed the bank about six hundred million euros more than the two point eight billion euros of our road by then the price of the transaction a derivative that disguise the loan and that goldman sachs persuaded greece not to test with competitors had almost doubled to five point one. billion euros but this was greece's nine eleven the day they met goldman sachs it was them happy the sovereignty and the future of a nation of greece purnell is no martinis yes. reporting just a few

e.u. leaders who hailed the equipment to be the end of greece's economic woes however another ratings group fritsch slammed the year across efforts and showed no mercy to the struggling greek economy by downgrading athens to quote restricted to four nineteen thirty g.m.t. max keiser and stacy herbert looking back decades driffield a scheme which helped greece and join the euro zone i'm asking it's massive debt and how it's orchestrate a tidy profit. secret to sinners as client unravels on the day their two thousand and one deal was struck the government of greece owed the bank about six hundred million euros more than their two point eight billion euro is that power owed by then the price of the transaction a derivative that disguise the loan and that goldman sachs persuaded greece not to test with competitors had almost doubled to five point one billion euros but this was greece's nine eleven the day they met goldman sachs it was them hacking the sovereignty and the future of the nation of greece bernal is no martinis yes. but from moscow this is are to be signs of nationwide on the rest a

e.u. leaders are expected to sign up for school stability part agreed upon after the summer of nine summits it's an agreement of new budgetary rules are expected to be strictly adhered to all but two of the e.u. countries the czech republic in the u.k. are expected to sign on to this agreement the euro zone summit is not going ahead because of the sticking point between germany and the rest there are growing calls for the european stability mechanism this is the permanent bailout fund that would be put into place in july for it to be increased from its power of the current five hundred billion euros by adding on to what is left of the temporary fund called the . two hundred fifty billion euros for the money has been used for bailout for portugal and ireland so putting it all together would make the seven hundred fifty billion euro zone over germany is now willing to agree to this up is going to say they have to go see the movie to do so and it's also as willing to increase its share its contribution to any of the parts that's also been reported that you will finance ministers will be meetin

e.u. leaders were still preparing their speeches all this was. translated later on in reports as the e.u. is reluctance to congratulate putin nevertheless we did start getting statements in the afternoon german chancellor angela merkel has called putin to give her i wish him and his successor as well as asked telling him that she would like to pursue a strategic partnership with russia as well as asking for democratic change in the country for nicolas sarkozy french president his press secretary had noted that said that the election had been noted however the president is still studying the reports of irregularities at all the complaints same with the british prime minister david cameron though he did say that putin's victory appears decisive but he did know also the reports of the independent monitors here's a special statement from the foreign policy chief ashton she says the e.u. takes note of the periphery luminary results and that the clear victory of letting your putin whoever they also see the shortcomings that irregularities and they look

e.u. leaders have been talking about for months pushing for however we just signing it is not going to quell the string of questions that still rise eventually do you think this treaty as well as other issues that still need to be dealt with. if previously you some it's already things you go by the bickering among readers is usually long and painful. if you know. we can. be. a little less dramatic. no one if any harm if the main agenda signing the fiscal compact agreed in december last year putting into place tough new budgetary rules and automatic sanctions to get everyone to clean up their act all the two countries are expected to give it the go ahead event needs to be ratified by at least twelve years old nations before it could come into effect something seen as a done deal but the main question is is it going to work and what we have to see now to which extent member states liable to respect it because it's easy to convene come here and agree on all those principles of the only country that is likely to have a balanced budget through this germany this balancing act will not be easy to p

e.u. leaders praised the deal to the skies claiming a solution to the crisis had at last been found but just hours later they suffered a major slap in the face by the credit rating agencies as moody's and fitch declared greece in default of the markets backed the trend by showing no signs of optimism william anderson associate professor from frost state university is resolute in his assessment which is ultimately that of. whatever you are with your creditor for less than what you. have agreed to do i don't hear how systematic it is or how complicated these debts rob savoye are we are dealing this with a real life before everybody knows that just because sir cosey claims that it isn't a deed fault means absolutely nothing it's a politician i don't believe you also have to deal with the fact that for a long time the greek government has been you know living this gravy train an imaginary gravy train with. borrowed money and now all of a sudden reality is heading there and i think. in the long run you're going to see what's happening right now about these boring people certain criteria that does

e.u. leaders graze the deal to the skies claiming a solution to the crisis has not been found but just hours later their optimism was shattered as to credit ratings agencies leaders and fitch but declared greece to be in default when i understand associate professor from france backstage university believes the politicians are just burying the has in the sand and will miss the obvious. this is a before i mean whatever you settle with your creditor for less than what you. are have agreed to do it and then you do it i don't care how systematic it is or how complicated the swaps are we are dealing with a real live before everybody knows for just because sir cosy claims that it isn't a do for all means absolutely nothing to politicians don't believe the european leaders are trying to put a political spin on this but what you have in the end isn't for the taking of assets that are worthless then you have a social by pretending that these search means nothing to these assets really are valuable when in fact they're not and then they try to monetize the whole thing and then pretended so they solved

e.u. leaders who hate all stay agreements to be the end of greece's economic woes however another ratings phage slams the euro crisis efforts and showed no mercy to the struggling greek economy by downgrading athens to restrict a default and christers literotica is an asset space journalist believes the bailout plan will collapse unless the government finally starts to look into the core issues are attracting investment into the country both big brother group go remembered a big group called global pros the more. that this inaugural ball moving forward who could be sure who these go if you go this is a group of google i think because i do i'm sure i'm sure if you are walking in the which is cold which is very. very loud blog is not very diverse group schedule then you would call accurately. rugged gambits push for democracy with iran over its nuclear program has failed to talk of a pending military confrontation statements for america's top defense officials just to strike isn't the planning stages and could use a type of ball never seen before and. reports it looks as if history may be r

e.u. leaders see the budgetary discipline the civility pact is expected to bring as a step closer to solving be a result structural imbalances that help prices of countries ease their way out of their predicament but it's a one size fits all approach that has some worried about the impact it could have on healthier economies and could lead to huge piece school consolidation. so even those countries that have a healthier fiscal situation. would be better in school accounts which can impress comic activity at a time when banks face problems and they're going to tell you want to and not a desirable scenario where the new buzzwords are growth and employment class are still your archie brussels. but ahead of the e.u. summit people in europe are opposed to fiscal union the deeper stairs he cuts imposed on them held rallies in belgium france and greece greek unions stopped work for three hours and marched into things protesting at the government cutting pensions benefits and wages scuffles with home building is one that will try to force his way inside a severe austerity measures were ordered by br

e.u. leaders praised the deal to the skies claiming a solution to the crisis and at last two found just hours later the your crowd suffered a major slap in the face by the credit rating agencies as moody's and fitch declared greece in different markets backed the trend by showing no signs of optimism we demanded an associate professor from frostburg state university's resolute in his assessment which is different. this is it before i'm going whatever you settle with your creditor for less than what you. have agreed to do it then when you do it i don't care how systematic it is or how complicated these debt swaps are we are dealing with a real live before everybody knows that just because he claims that it isn't a deep fault means absolutely nothing to politicians don't believe the pm leaders are trying to put a political spin on this but what you have been the end is in fact the taking of assets that are worthless and you have a suffered by pretending that these assets mean so think that these assets really are valuable when in fact they're not and then they try to monetize the whole thing an

e.u. leaders who held agreement to be the end of greece's economic woes however another rating group fitch slammed the year kratz efforts and showed no mercy to the struggling greek economy by downgrading athens to restricted different christophe's detritus and athens based journalist told me earlier that he believes the bailout plan will collapse unless the government finally starts to look into the core issue of attracting investment into the country i think that the greek government and the group would clearly shows as the model. that this lot of all these folks who saw the piece go if you go this other group who i think we call because people are sort of the most crucial question how investments will come there is how it works for you is there a bailout it's not gone right vestment spiritual then we'll call absolutely later on tonight today here in r.t. max kaiser and stacy herbert look back at decade to reveal the scheme which aren't greece joined the euro zone it's massive debt and how it's orchestrated banked a tidy profit. when secret greece alone shows two centers as client unrave

e.u. leaders praised the deal to the skies claiming a solution to the crisis had at least been found but just hours later the euro crisis suffered a major slump and the face of the credit rating agencies as midis and fitch declared greece to be in default and william and soon as they see a professor from france that state university believes but the politicians are just burying their heads in the sand and unwilling to admit this. this is a before i mean whatever you settle with your creditor for less than two or or have agreed to do it and then you do it i don't care how systematic it is or how complicated these debts swaps or we are dealing with a real live before everybody knows that just because serco z. claims that it isn't a do you call it means absolutely nothing it's a politician i don't believe the european leaders are trying to put a political spin on this but what you have in the end is it for the taking of assets that are worthless and you have a social by pretending that these search mean something that these assets really are valuable when in fact there's an art and then they try

e.u. leaders by downgrading greece to the lowest rating on its scale that's right after a summit in brussels almost all the e.u. states except britain and the czech republic of signed up to the so-called fiscal pact supposed to keep deficits within limits with tough new budget rules but financial analyst. doesn't believe the agreement will ever be officially implemented. talk is cheap and we've seen you round after round of this but the truth is you have nations over in europe in here in the united states for that matter that seem to think that they can spend more than a change in taxes and you can't do this people say that austerity is going to collapse economic demand well the truth is that governments have been pouring money and spending what they don't have so they've been falsely representing economic demand for three decades and now it's time to pay the check so to speak if we have to eat our broccoli or as obama says eat our peas. i don't believe that it's going to actually be implemented i believe that the greeks will continue to say they'll do it but when you really get down to it i