and these latest protests souffles on the eve of the e.u. summit starting later today and i have the meeting the e.u. commission president jose manuel barroso admitted sacrifices are being made on an affair basis as he says are still you know reports from brussels aside from public anger there are also major divisions among the politicians themselves. that's days the start of a two day summit leaders are expected to sign back to school stability pact agreed upon after december 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 and 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 fourth 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 h

well today's the start of a two day summit were e.u. leaders are expected to sign that the school stability agreed upon after the summer of nine summit and agree with a new budgetary rules are expected to be strictly adhered to now all but two of the e.u. countries the public will be 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 will be put into place in july for it to be increased from its power of the purse part hundred billion euros by adding on to what is left of the temporary fund called the that's about two hundred fifty billion euros after that money has been used for bailout for portugal and ireland for putting it all together would make seven hundred fifty billion euros whatever germany is now willing to agree to this up is going saying they have to go see that really need to do so and it also was willing to increase its share its

talk about jobless rates that we put in e.u. summit coming up to discuss that to discuss the fact that it's now a new high unemployment where well do you see europe sitting and if you were fired what do you expect me saying what do you think is going to be on the agenda. i think the interesting thing you know is that we haven't had a formal agenda published we are going to get the signing of the initial agreement towards a fiscal compact that's going to be the the smaller number of e.u. members those twenty five of the twenty seven states are going to sign that but no formal agenda is actually been published i think we're in danger of rather getting some retreat over kill. the because there are too many summits or quite simply too many of these meetings there is plenty of scope for disappointment when they don't actually announce or achieve anything so you'd be much better to have more telephone conference calls to have more informal bilateral agreements and then only then when everything's in place to announce a summit with a solution

lita's by downgrading greece to the lowest rating on his one to scale it comes right after an e.u. summit in brussels almost all the e.u. states except britain and the czech republic have now signed up to the so-called fiscal pact supposed to keep deficits within limits with tough new budget rules but financial analysts call denning got believes that the government agreement will never be implemented talk is cheap and we've seen new round after round of this but the truth. you have nations over in europe in here in the united states for that matter but seem to think that they can spend more limitation in taxes and you can't do this people say that austerity is going to co-ops economic demand well the truth is that governments have been borrowing money and spending what they don't have so they've been falsely representing economically me and for three decades and now it's time to pay the check so to speak if we have to eat our broccoli or has to promise those 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 i

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 just marinated folks. some solid leaves very different. different ways. so i meet. no animal products of any sort. salads to dishes. and you name it kitchens around th

countries from britain greece to belgium the demonstrations have taken place just ahead of a key e.u. summit is due to kick off in brussels this thursday. syrian government troops are reportedly regaining control over the rebel stronghold of homs with both already say terrorists armed by outside forces are operating meanwhile the u.n. arab league envoy to syria kofi annan to attend launching dialogue between the warring sides this as the british embassy withdraws its staff from damascus. and the case of a palestinian detainee and the hunger striker draws widespread attention to israel's controversial detention policy three hundred palestinians are reportedly currently held in jails without official charge or trial. let's get into the world of sports now and next on r.t. with andrew meltzer. hearing that are things are running smoothly for the russia football team are just ahead of the european championships they kick off a in just under one hundred days time and russia were more than happy with their victory over denmark in a friendly last night we've reaction from the coach pick up the car

where the new buzzwords are growth and employment thus are cilia archie brussels but ahead of the e.u. summit people in europe are opposed to fiscal union and the people stare he cuts imposed on them held rallies in belgium france and greece unions don't work for three hours and watched enough innsbruck testing at their government saying pensions benefits wages snuffles broke out suddenly buildings that the forces were inside severe austerity measures were ordered by brussels an international entry fund to secure a second bailout of the hundred thirty billion euros of financial writer and to build it as a question direction is more likely to save greece. people are of course talking about the probable need for a bailout and uncle americal herself a transfer she is not guaranteeing anything as a result of this bailout you saying i can't guarantee we hope that it's going to work because the opposition are saying you know it's her own policy her own lack of drive or a lot of leadership that has left europe in this position people don't deny here that of course greece shouldn't have been invited

there were protests in several european countries ahead of friday's e.u. summit hundreds of demonstrators demanded drastic action from leaders in front of the european union headquarters in brussels in spain thousands of students held further rallies against education cuts in athens trade unionists went on a three hour stoppage and march against changes to pensions wages and benefits greece is under immense pressure from brussels any international monetary fund to impose austerity to secure one hundred thirty billion euro bailout. plan out of some other stories making headlines across the globe a series of explosions at an arms dog for the democratic republic of congo has reportedly killed about two hundred people hundreds more were injured in the blast in the capitol hill because a still unknown the government believes it to be an accident. libya's muslim brotherhood as for the official political party will be led by muhammad so one who spent eight years as a political prisoner under the cannot be regime in the brotherhood's expected to be a leading political fo

but ahead of the e.u. summit people in europe opposed to fiscal union on the deeper cuts post on them held rallies in belgium france and greece greek union stopped work for three hours and marched in athens protesting at their government cutting pensions benefits and wages scuffles broke out side of the building as one union member tried to force his way inside severe austerity measures were ordered by a brussels international monetary fund as a cure a second bailout with one hundred thirty billion euros of financial writer peterbilt central cash injection market to save greece. of course talking about the probable need for a. she's not guaranteeing anything as a result of that you saying i can't guarantee we hope it's going to work with the opposition and saying you know it's her own policy her lack of drive or lack of leadership that has left europe in this position people don't deny that of course greece shouldn't have been. drawing your i would. meet the criteria nobody denies that probably greece would be be

scenario when the new buzzwords are growth and employment just are cilia r t brussels head of the e.u. summit people in europe are opposed to the fiscal union so the deep austerity cuts imposed on them held rallies in belgium france and greece greek union start work for three hours and marched in athens protesting of their government cutting pensions benefits and we just broke out of sight in the e.u. building as one union member tried to force his way inside so severe austerity measures were ordered by brussels any international monetary fund to secure a second bailout worth one hundred thirty billion euros and your m.p. nigel farage says greece is better off leaving the currency union. no one doubts that tough decisions need to be how you can even greece that's obvious but you've got to have some stimulus as well the only way that will happen is by leaving the just remember three weeks ago there were eighty thousand people storming the barricades of the greek parliament trying to get in we sold five thousand police keeping them out we're seeing evidence of this in spain in portugal i mean c

are cilia r t brussels there were sturdy protests in several european countries ahead of friday's e.u. summit hundreds of demonstrators called for drastic action from leaders in front of the european union headquarters in brussels in spain thousands of students held more rallies against education cuts that are things trade unions worry about a three hour stoppage in march against changes their pensions salaries and benefits greece under immense pressure from brussels any international monetary fund to impose are. just six billion euro bailout. some other stories making headlines across the globe libya's muslim brotherhood has formed at a fish part by mohamed so braun who spent eight. there under the khadafi regime the brotherhood is expected to be a leading political force in the coming june elections islamist groups had a presence in the country for more than sixty years but maybe even some leaders were jailed or exiled. china's defense spending will rise above the hundred billion dollar mark this year countries developing a new aircraft carrier a stealth fighter jet and missiles that could

and the austerity protests in several european countries just ahead of friday's e.u. summit but hundreds of demonstrators demanded drastic action from their leaders in front of the european union headquarters of brussels in spain thousands of students health further rallies against education cuts in athens trade unions or went on a three hour stoppage in march against changes to pensions salaries and benefits greece is under immense pressure from brussels and the international monetary fund to impose austerity in order to secure a hundred and thirty billion euro bailout. let's go to some other international news for you in brief time for the r.t. world are played a series of explosions of an arms done in the democratic republic of congo was reportedly killed around two hundred people hundreds more were injured in the blasts in the capital but a lot of people but the cause is unknown but the government believes it to be accidental. libya's a muslim brotherhood has formed an official political party it will be led by mohamed someone who spent eight years as a political prisone

we saw protests in several european countries this week ahead of friday's e.u. summit hundreds of demonstrators demanded drastic action from leaders in front of the european union headquarters in brussels in spain thousands of students held more rallies against education cuts in athens trade unions went on a three hour stoppage of marching against changes to pension salaries and benefits greece under immense pressure from brussels and the international monetary fund to impose austerity to secure our one hundred thirty billion euro balance. turned out of some other stories making headlines across the globe libya's muslim brotherhood has formed an official political party it'll be had by mohamed so ron who spent eight years as a political prisoner under the khadafi regime the brotherhood expected to be a leading political force in upcoming june. islamize groups had a presence in the times people more than sixty years but many of its leaders were jailed or exiled under the khadafi regime. china's defense spending will rise above the hundred billion dollar mark for the fir

head of the e.u. summit people in europe opposed to the fiscal union it is indeed austerity cuts imposed on them held rallies in belgium france and greece greek unions halted all work for three hours and marched in athens protesting the government cutting pensions wages and benefits scuffles even broke out of sight in building as one union member tried to force his way inside severe austerity measures were ordered by brussels any international monetary fund to secure a second bailout worth one hundred thirty billion euros. take a look now at some other stories making headlines across the globe a head on collision between two trucks press trains in southern poland left fifteen dead more than fifty injured some three hundred fifty passengers were aboard the trains that were traveling toward each other on the same track emergency workers and helicopters deployed to help those trapped in the wreckage the collision already described as one of the country's worst ever train accidents. the muslim brotherhood in lib

but ahead of the e.u. summit people in europe opposed to fiscal union the deep austerity cuts imposed on them held rallies in belgium france and greece greek union stopped work for three hours in the last in athens protesting at the government cutting pensions and if it's wages scuffles broke out as early as one union member try to force his way inside a severe austerity measures were ordered by brussels and the international monetary fund to secure a second bailout worth one hundred thirty billion euros but financial writer the bill says the cash injection is unlikely to save greece. people out of course talking about the probable need for of out and call herself a transfer she is not guarantee anything as a result of the bailout you saying i can't guarantee we hope it's going to work with the opposition and saying you know it's her own policy her own lack of drive or lack of leadership that has left europe in this position people don't deny here that of course greece shouldn't have been invited to join to adopt

but ahead of the e.u. summit are people in europe opposed to fiscal union and the deep was there he cuts imposed on them hold rallies and go to france and greece greek unions stopped work for three hours and marched in athens testing at the government cutting pensions benefits and wages scuffles broke out the side and building as one unit member tried to force his way inside and severe austerity measures were ordered by brussels international monetary fund to secure a second bailout with one hundred thirty billion euro. look at some other news making headlines around the world head on collision between two express trains in suddenly really wanting people to head for the sixteenth and they can see workers are trying to free passengers still trapped in the wreckage authorities say one train was traveling on the wrong track position has already been described as one of the country's worst ever train crashes. the muslim brotherhood in libya has created its own political party is a good place to be led by eight years

if previous e.u. summit saw ready thing to go by the bickering among leaders is usually long and painful. counsel should be. given no but. we glance through. last summits. i'm sure you agree a little worse drama will do no one any harm. the main agenda signing the fiscal compact agreed in december of last year putting into place tough new budgetary rules and automatic sanctions to get everyone to clean up their act all but 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 a go to work and what we have to see now to which extent members phage able to respect it because it's easy to convene come here and agree on all those principles of the only country that is lively to have a valance grudges through this germany this balancing act will not be easy to pull off reducing deficits to three percent level required by the e.u. means having to squeeze already dry pu

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 brussels international monetary fund to secure a second bailout worth one hundred thirty billion euros for financial writer feet a bill that says the trash injection is likely to save greece. people are of course talking about the probable need for a buy out and. the chance she is not guaranteeing anything as a result of a very low q saying i can't guarantee we hope that it's going to work the opposition are saying you know it's her own policy her own lack of drive or lack of leadership that has left europe in this position people don't deny that of course greece shouldn't have been invited to join to adopt the eur

well ahead of the e.u. summit people in europe opposed to school you know on the deep austerity cuts imposed on them held rallies in belgium france and greece greek union stopped work for three hours and marched in athens protesting at government cutting pensions benefits and wages scuffles broke out building as one unit trying to force its way inside. the measures were ordered by brussels the international monetary fund to secure a second bailout. in europe. and now look at some other news making headlines around the world this hour. head on collision between two express trains in southern poland fourteen people dead and a further sixteen measures the workers are trying to free price interesting trapped in the wreckage well to say one train is traveling. because it has already been described as of the country's worst ever train crashes. it was written brotherhood in libya has created its own political party islamist group place to be led by a man who spent eight years in jail under the party regime. roughly suppr

business there to get all the latest so what are the analysts saying about the brussels some of the e.u. summit in brussels that's taking place at the moment well basically some of them are saying that what we're seeing there's a lot of talk and little action they're saying that they're tired of these endless meetings which don't really result of anything and actually we spoke to nick parsons from national australia bank who says that this meeting won't be any difference no formal agenda is actually being published i think we're in danger of really getting some retreat over kill here the but because there are too many summits or quite simply too many of these meetings there is plenty of scope for disappointment when they go into announce or achieve anything but the markets themselves become more tuned to this more might hopefully expect that any disappointment in price terms at least will be quite limited. so let's take a look at those markets will start with the exchange rates the euro is trading slightly lower against the dollar and not some concerns about what's happening in the euro zone as

in the world of business we're crossing out here and rain of course we've been reporting on the e.u. summit in brussels and what's been achieved there so tell us more about what alice are saying about it or to say that there aren't so exactly happy some of them is a bit of an understatement and that's because they say that they're seeing these meetings happen over and over again but they don't really result in anything and actually we spoke to nick parsons from national australia bank and he says that this meeting by ben ministers in brussels will not be any different actually and no formal agenda is actually being published i think we're in danger of really getting some retreat over kill here the but because there are too many summits or quite simply too many of these meetings there is plenty of scope for disappointment when they don't actually an ounce or achieve anything but the markets themselves have become more tuned to this more might hopefully expect that any disappointment in price terms at least will be quite limited. and now let's take a look at those markets in europe they just

brussels and for more opinion on what will come out of the latest e.u. summit let's now talk to nigel ferrari's m.e.p.a. leader of the u.k. independence party joining me live from brussels well i've just seen that they decided that the greek second bailout should be delayed another week more indecision from brussels or is that common sense prevailing but it sort of cliffhanger stuff isn't it they do just about enough in time to stop the greeks from failing to make their repayments and this is a deliberate policy to make sure the greeks comply and make sure the greeks behave themselves it is and i'm afraid within the greek parliament that within the greek government no one's got the courage to stand up and say we refuse to be treated like this little earlier i was speaking to your colleague not to underestimate and she hinted that the the e.u. is effectively controlled by berlin but surely is the most responsible economy in europe doesn't germany have that right to lead during an economic crisis. well that depends i mean if we were dealing with european economie

debt ridden greece to belgium other demonstrators have taken place now and just ahead of a key e.u. summit that kicks off thursday in brussels. syrian government troops are reportedly regaining control over the rebel stronghold of palms where the author of you say terrorists by external forces are operating meanwhile the u.n. arab league envoy to syria kofi. dialogue between the warring sides this comes as the british embassy withdraw all of its star from damascus. in the case of a palestinian detainee and hunger strike draws widespread attention to israel's controversial detention policy three hundred palestinians are reportedly currently held in jails without any official charge or try. to stay with us here on our. focus on what they call global colonization are led by big corporations lying cozily in bed with pandering politicians this is art. nice guys are welcome in the gaza report nobody is doing any checks and balances. the out of control rogue banker types they are becoming worse they're mutating into out right well we'll talk about a more straightforward tell me more max we see co

thousands demand alternative to severe cuts in countries from debt ridden agrees to belgium where a key e.u. summit is due to take place this there was a. new international envoy to syria. launching dialogue between us here in government and the opposition while the army warns it will clans or rebel strongholds in the city of homes where the authorities claim armed terrorists are operating. also the case of a palestinian detainee and hunger strike or draws widespread attention to israel's convert from detention policy holding palestinians without official charge or trial . that specs keyser estate herbert's focus on what they call global colonization led by big corporations and politicians. nice guys are welcome the guys report nobody is doing any checks and balances on the out of control rogue banker types they are becoming worse they're mutating into out right well we'll talk about it more stays here but it's only more max we see colonization all around the world and colonization often happens through missionaries and all of those there are to help who repro man director urges fans to pirate a bu

ministers approve the bailout fund to raise money for greece's bond swap reportedly in brussels for a summit of e.u. leaders but do you ever wonder what policymakers are really doing in the never ending string of debt crisis meetings we'll tell you when let's get to today's capital account. all right ben bernanke he was on the hill talking monetary policy today so let's talk about bubbles i've got some on set so we can be reminded of how big they can be blown up and how. damaging they can be when they are pop now when it comes to making big bubbles and then watching the economy implode when it does op no one did it better perhaps for longer either than alan greenspan during his tenure as chairman of the fed from one thousand nine hundred seven to two thousand and six so much that he earned the nickname alan bubbles greenspan there's a headline from the new york times about mr bubbles from two thousand and five one reason well he cut interest rates to one percent in two thousand and three and two thousand and four many credited his easy money policies for creating the housing bubble and he's also cr

e.u. prepares for yet another summit that's starting today correspondent has more on the trials and tribulations still looming ahead for europe's early today is the start of that summit yet another one african leaders still discussing the same old thing today the main thing that go if they're going to do is to be signing of that fiscal treaty that they've been talking about for months and this essentially means a new budgetary rules that countries are required to strictly adhere to no excuses at this time and if they if they don't follow those rules there will be automatic sanctions how it's expected that about the twenty five and twenty seven nations are going to sign on to this fiscal compact with two countries that are not going to do this or the u.k. and the czech republic until her prime minister david cameron said in the past that he's going to be watching very closely to make sure that this is not undermine the single market however signing this treaty is not going well that string of questions that low rise and still are rising with the introduction of this agreement as well as other iss

e.u. prepares for yet another summit that's starting today more on the trials and tribulations still ahead for europe's elite let's now go to our correspondent tess are celia standing by for us live in brussels right. good to see you are some might say that it's already been the perfect storm in the making or what is the political forecast for the next two days. well the next two days today is the start of the summit yet another one african leaders still discussing the same old thing but today the main thing they're going to they're going to do is to the signing of that fiscal treaty that they've been talking about for months now this essentially means a new budgetary rules that countries are required to strictly adhere to and no excuses this time and if they if they don't follow those rules there will be automatic sanctions are excited about the twenty five or the twenty seven in the nations are going to sign on to this fiscal compact with two countries that are not going to do this or the u.k. and the czech republic if they heard prime minister david cameron said that he's going to be wa

party for years as a downgrade agrees to the lowest rating on spine scale right after a summit in brussels and was all e.u. states except britain and the czech republic have signed up to the so-called fiscal pact supposed to keep the country's deficits within the limits of tough new budget rules but financial analysts karl denninger it doesn't but we've the agreements will be infinite. talk is cheap and we've seen who round after round of business but the truth is you have nations over in europe and here in the united states for that matter that seem to think that they can spend more than a taken 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 borrowing 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 earpiece. 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 i

e.u. it's been talked about for months claimed as a solution to europe's crisis. for this kind of talk to new through school after another two day summit this fiscal stability compact is signed sealed and delivered . most e.u. leaders have agreed to give it the go ahead it's expected to be ratified by at least twelve euro zone nations this pact comes with tight budgetary rules that must be strictly adhere 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 within one year but firmly 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 endured in brussels we've got our first saw and there's a budget start 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 now is the population going to accept this. a populati

stability pact agreed upon after the summer of nine summits it's an agreement of new budgetary rules are expected to be strictly adhered to now all but two of the e.u. countries the republic of the u.k. are expected to sign on to this agreement the eurozone 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 put into place in july fourth to be increased from its cost of the current five hundred billion euros by adding on to what is left of the temporary fund called the . hundred fifty billion euros for the money has been used for bailout for portugal and ireland putting it all together would make seven hundred fifty billion euro the other germany is now willing to agree to this office going saying they have. to do so and it's also as willing to increase its share its contribution to any of the funds it's also reported that he was a bonus ministers will be meeting ahead of the summit and would discuss to see if it has met with visions for it to get its one hundred thirty billion euros in the bailout the second o

e.u. and certainly global finance was an issue at the center of the summit what's being discussed on the. absolutely rory as you know that these five countries are expected in the next eight years to make up fifty percent of the global g.d.p. even earlier this year all of the brics countries were discussing potentially bailing out europe from its financial crisis one of the major things on the agenda with talking about a potential basket currency that could serve as an alternative to the american dollar or the euro today all the five leaders signed an agreement to actually give out loans in their local currencies which is another move that they're thinking about moving away from the dollar and moving away from the euro another huge thing on the agenda here in delhi was the idea of a joint rift bank could serve as an alternative to the last three legged traditional financial institutions like the international monetary fund and the world bank or authorities appreciative of life or from the bric summit twenty five percent but i do catch up with all the analysis and developments from the bri