e.u. financial authorities tackled this crisis in your opinion. well when we look at the financial challenges today it's not simply a question of the financial system there's also now the questions of potential debt issues for certain countries there's also major trade imbalances and there's major currency fluctuations so the fact is it's not just one challenge has multiple challenges and so what is important is that you get all the different people together to identify and come up with solutions to this combination of challenges that you can't do that simply through new regulations there's no way you can come up with a big book that will deal with these issues what we really need is the right mindset and the right mindset is to get not only the key governments around the table but the key private sector actors and the key experts to actually come up with a set of principles to address these issues in a better way and i mean that's part of what we'll try to do it doubles the devil so we will be having key workshops and sessions around them a set of

the euro zone's bailout fund fell flat this week even though portugal and spain a teetering financially an e.u. finance ministers meeting saw six of the wealthiest nations including germany and france reluctant to boost the four hundred forty billion euros they've already committed to british m.e.p. nigel farage says pumping up the fund will only keep struggling even members in an economic stranglehold. i think what they're doing here is they're reinforcing failure at the end of the day countries like greece and portugal and possibly. should never have joined the euro in the first place trapped inside an economic prison with a whole set of policies that. i think the more we build up. the more in effect. this really is a tragedy because these people. we have mass demonstrations we have had people actually killed on the streets. if they hold the eurozone together. those countries are going to get worse and what it really needs is a frank assessment which is there is an argument. with germany and holland and a few countries possibly france as well but there is an optimal. but for the north and so

e.u. will not apply financial pressure on belarus he would probably listen when the sanctions hurt where it hurts most and that economy however the chief european diplomat catherine ashton has already indicated that the european bloc is not interested in imposing sanctions that would hurt the economy and. they're by their livelihood. the russians when do european union open he says that they are going to fund students and. media outlets for a position and then he's actually using days for his own advantage cheese thriving on these statements and saying that look i was right all along that these are agents of the west and they are trying to unseat to me but in reality things are not as black and white. who probably would have elections as just his stubbornness to give more democratic opening and his heavy handed treatment a position that triggered a different political standoff. well now a brief look at some other stories from around the world and the remains of miners killed in the deadly blast in colombia have been returned to their families loved ones held in memory of the dad whose bodie

e.u. is another big financial target for the country one of the big deal that's already come out of the davos meeting is a multi-billion dollar acquisition of russia's largest dairy producer when bill down by pepsico its c.e.o. injury newey says that rush is a perfect platform for further global expansion one using women done i think we can expand into cia's central and eastern europe because we want kids can all be so this town of wimbledon and russia we have to decide how to take the technology develop a whole range of products that we can send in other parts of the world so they're going to leverage the little bit of them that you want to do the expertise a partnership which is how do you really been dairy company and figure out how to bring the expertise of both companies together perspective there from pepsico c.e.o. indra nooyi president medvedev who spearheaded the russian delegation to davos spoke exclusively to bloomberg on the sidelines of the meeting and you can catch the full interview with them in a few minutes here on r.t. . russia and the u.s. are set to begin scrapping their d

e.u. gets to grips with its financial chaos china is offering to lend the troubled euro bloc helping hand in his latest program kaiser looks at just why beijing is doing this because a report is coming your way next hour. lawmakers following projection china is buying european bonds. why are they doing this i think it's because at some point they will demand payment in the form of gold you know in the european zone there are about eleven thousand tons of gold which would be the highest concentration of gold in the world higher than even the u.s. has eight thousand tons of gold china moving into europe buying those bonds of course europeans will never be able to pay off those bonds because their economies are in freefall and then china will turn around and say ok you can pay us back in euros but we'll take the payment and gold. visiting the middle east dmitri medvedev reaffirmed russia's commitment to back a palestinian state with the capital in east jerusalem well for more on the significance of the trip i'm now joined by skype from the oriental studies institute at russia's academy of sc

e.u. gets to grips with its financial chaos china is offering to lend the troubled euro bloc a helping hand one of these ladies program. i look at just why looks at just why beijing is doing it because the report is coming your way in fifteen minutes from now here in r.t. . let me make this following prediction china is buying european bonds. why are they doing this i think it's because at some point they will demand payment in the form of gold you know in the european zone there are about eleven thousand tons of gold which would be the highest concentration of gold in the world higher than even the u.s. has eight thousand tons of gold china moving into europe buying those bonds of course europeans will never be able to pay off those bonds because their economies are in freefall and then china will turn around and say ok you can pay us back in euro's but we'll take the payment and gold. time now for a brief look at some of the major headlines from around the world the prime minister and the interim president of tunisia one day old unity government of both resigned from the former ruling par

e.u. comes to grips with its financial mayhem china is offering to lend the troubled euro bloc a helping hand in this latest program max keiser looks at just why beijing is doing this because report is coming your way next hour but here's a preview. we're going to make this following prediction china is buying european bonds why are they doing this i think it's because at some point they will demand payment in the form of gold you know in the european zone there are about eleven thousand tons of gold which would be the highest concentration of gold in the world higher than even the u.s. has eight thousand tons of gold china moving into europe buying those bonds of course europeans will never be able to pay off those bonds because their economies are in freefall and then china will turn around and say if you can't pay us back in euro's but we'll take the payment in gold. it's now eleven minutes past the hour here in the russian capital this is r.t. the family of the late to polish president has blamed russia for his death denying the results of the official investigation lech kaczynski son in

interested in buying bonds to be issued by the european financial stability fund next week that's according to finance minister couldn't the e.u. is currently preparing a five year bond size between three and five billion euros in order to help protect the euro and sovereign market stability could however dismissed the idea that russia would be interested in buying spanish sovereign bonds. well snow has pledged to invest up to six hundred fifty million dollars in two u.k. microchip plastic logic the state owned high tech company will initially inject one hundred fifty million for a twenty five. percent stake in the cheap plastic microchip maker now if the venture goes through the russian government could take a controlling stake the deal is an effort by russia to diversify into a promising to acknowledge plastic logic hopes to generate one billion dollars in annual sales by two thousand and sixteen. he goes ations for russia's entry to the world trade organization could be completed this april so says maksim with head of the country's delegation to the talks he also addressed existing doubts that accession would have a positiv

interested in buying bonds to be issued by the european financial stability fund next week that's according to finance minister alex equal to the e.u. is currently preparing a five year bond sized between three and five billion euros in order to help protect the euro sovereign market stability however dismissed the idea that russia would be interested in buying spanish sovereign bonds. has pledged to invest up to six hundred fifty million dollars into u.k. market from plastic logic the state owned high tech company will initially inject one hundred fifty million for a twenty five percent stake in the cheap plastic microchip maker if the venture becomes financially viable the russian government could take a controlling stake the deal is an effort by russia to diversify into promising to a plastic logic hopes to generate one billion dollars in sales by two thousand and sixty. seven look at the markets european stocks rise with banks and mining shares strong across the board for a brief talk again as the footsie advance in point nine percent after a strong third quarter sales report miners come back maize and xstrata are up over to no

in buying bonds expected to be issued by the european financial stability fund next week that's according to finance minister alex included in the e.u. is current. repairing a five year bond size between three and five billion euros in order to help protect the euro and sovereign market stability couldn't however dismiss the idea that russia would be interested in buying spanish sovereign bonds. has pledged to invest up to six hundred fifty million dollars into u.k. microchip firm plastic logic the state owned high tech company will initially inject one hundred fifty million for a twenty five percent stake in the cheap plastic micro chip maker if the venture becomes financially viable the russian government could take a controlling stake the deal is an effort by russia to diversify into promising to acknowledge each plastic logic hopes to generate one billion dollars in annual sales by two thousand and sixteen. the board of member call has approved their purchase of telecom assets owned by egyptian billionaire that gives a various for a total of six and a half billion dollars this despite opposition from norwegian shareholder tellen

e.u. they teach masonry, plaster, and painting. most of them are school dropouts, but here they received 18 months of vocational training. >> before the financialcrisis, we placed more than half the young lads on the labour market. now it is a bit more difficult because the construction sector is struggling. >> in the past, many roma did not want jobs like these, but that has changed, and these young men dream of steady work and their apartments. >> we used to be literate, did not know anything. it was different 30 years ago, but today we get training. but we are still not completely integrated. we will see if we can manage. >> for most roma in spain, living standards have changed for the better, but that does not mean all difficulties have been solved. most still live on the meager incomes. this girl wants to keep studying, unlike some young roma not afraid that she will lose her cultural identity. >> i am the same person i was before, just more educated, but i will always be roma. that will always be part of me. >> a roma with strong family ties, cultural heritage, and she hopes a good education. >>> e.u. leaders meet soon for the first energ

financial and an online yoga law also classes the eggs consonance drugs on how to retain in their piece and shake off the stress of the big city. the e.u. part of it is the balance to impose sanctions against about a russian leadership in response to a rigged presidential election there last month they'll include not only these restrictions for officials but also economic sanctions including a free the international monetary fund they call me just ahead of the inauguration of the country's president who wrongly elections and made numerous violations in a brutal plunk down and thousands of protest rallies all that only the same code dubbed europe's last dictator has long been coming under fire from oppression it's all the opposition. who should not who is from the mosque a state university of international relations the leader shoko respond in the aggregate both the east and the west. this is the first time one look at my image to install. them equally. that he provokes the. chanda. to go whole could deal be supporting the whole look i should go. actually he probably be. consolidated you will leave european view on this matter and start

e.u. so we cannot have one currency we should at least have two different currencies in the euro zone maybe actually sixteen which as we had ten years ago. so is the global financial recovery in danger that's the question of the debate in peter bell's crosstalk program the full program is coming up later today on r.t. here's a brief. we are in the iron triangle this is an iron rectangle because it's bureaucrats lobby us politicians and special interest groups all getting rich at the expense of the american people that should outrage and upset everybody and it happens unfortunately not just in america it happens in europe with the special interest and i worry it is happening in china where you know as they make this evolution a free market system that's been great hundreds of millions of people have a higher living standards and here am i just want to feel like that so much so i want and when i come to i do think this. is the way the life of states is going and europe is going i mean seriously i think. maybe one of the options. coming up very shortly here in r.t. the coastline of the adriatic sea attracts tourists and provides income for fishermen but local saying

e.u. foreign ministers voted on a package worth up to 357 billion euros to prevent spread of the financial crisis, but in september the debt crisis moved on to ireland. the celtic tiger became the second euro zone economy to get a bailout. some analysts predicted the crisis would spread. other heavily-indebted countries like portugal and spain, risk following ireland. italy, france and the u.k. are also facing serious debt. the uncertainties continue to fuel people's concerns. just before christmas the line was long outside this lottery agency in madrid. many buyers said they were more desperate than ever to hit the jackpot. >> translator: i am waiting for this bit of luck after so much time here as an immigrant. we are trying to make better life for our children and family. we're hoping that this christmas will take away the crisis. >> reporter: financial worries were on the minds of many europeans, i but many people speculate which will be the next country to ask for a massive bailout from its neighbors. the structure of the e.u. is bag called on -- being called on to restructure. for wo

when a global financial crisis struck some countries solve the debt to the point and was beyond control. by the end of 2009, the budget deficit reached 12.7% of gdp than the e.u. the following month the leaders couldn't reach a consensus and if so how to do that. in may the finance ministers are great package with up to 750 billion year rose to prevent the spread of the great debt crisis and confidence in the financial markets. but vincent kimber the debt crisis moved on to ireland. the tiger became the second economy to get a bailout. some analysts predicted the crisis spread. other countries like portugal and spain asking for massive bailout. friends of the u.k. are also facing serious debt. uncertainty continue to fuel people's concerns. the line was on the outside of the agents in madrid. many said more than ever to keep [inaudible] >> i'm waiting for this look after some time here as an immigrant. we are trying to make a better life for our children and family. we are hoping this christmas will take away the crisis. >> financial worry remains on the mind of many europeans as many people speculate which will be the next country to ask for a massive bailou