e.u. leaders here in the e.u. commission building until they get a comprehensive solution because otherwise it would be panic stations for the world stock markets which had another terrible day today or i think she really has a date. today we'll be following that story of course throughout the evening as more details come out there from brussels. well as well to dr marcus kerber he's a political economy professor in berlin he told me that germany's economic success over the past decade is no thanks to the euro. i have always held that germany sooner or later is going to wield the power to bring the continent to back to economic reason because we are in a phase of the euro agonizing and if certain concepts agonizing you should bring it quickly to an end the money we have spent on greece is lost money and we know this i have said this in spring two thousand and ten we should've kept out of the eurozone from the very beginning of the crisis to stop contagion eighty five percent of the germans disapprove the governmen

e.u. leaders assertions that they can find a solution has left them standing to some like a broken record. athens. well as the e.u. leaders gear up for their last minute talks or resolve their differences tell us what you think at r.t. dot com or we want to know if you believe that you can ever overcome its crisis or looking at the trot almost half of the say it's now too late for the european union that were heading for a new financial crisis a third say that the e.u. is only way out is if the world because she viewed their fair share just twelve percent of those who voted say that e.u. leaders must work with the public and not against the will of the people and just eight percent think that getting it right or you can add your voice on r.t. dot com. germany's parliament has just voted to drastically increase the european financial stability fund the cash war chest intended as a first response to future crises its chief is due in china on friday to investment from beijing but economists professor at least believes a history of missteps by the e.u. has made china a wary partner. china will

e.u. leaders should be involved in final talks finding an economic solution and the french president said he was sick of cameron trying to influence the eurozone despite not being part of it parties they are bushell as more on the crisis talks for breasts. the e.u. leaders are putting pressure on to cancel on their huge loans to greece and they are huge the latest news is that the national greece will reach one hundred eighty one percent of g.d.p. next year and of course that's completely unsustainable banks and so they're not charities so they're obviously resisting these moves they say that if you can cancel loans just like that then the market will simply draw up e.u. leaders have agreed to create a european economic government with regular eurozone summits to enforce its according to a leak that we've received is the control countries like italy there's been a blazing row here between prime is the silvio berlusconi who reportedly refused any more national measures germany says that spain has taken these spending cuts so why should italy do the same to get their house in order also the

e.u. leaders have agreed to create a european economic government with regular eurozone summits to enforce it is to control countries like italy there's been a blazing row here between prime minister silvio berlusconi who reportedly refused any more national measures germany says that spain has taken these spending cuts so why should it do the same to get their house in order also the public between france and germany is worrying investors france want a bigger bailout ports it's already at hundreds of billions of euros but it wants more to rescue any potential any potential failures in the eurozone and. they could be more countries next whereas germany germany's angela angela merkel is well aware that her voters the german taxpayers will have to pay for any such bailouts and she's pushing for those countries to try and get their house in order on their own it's all in all german officials who are saying this whole euro zone project is starting to look like a single one way flow of cash from berlin to cells and europe ordinary greeks see it differently of course they are having to put up wi

e.u. leaders are putting pressure on to cancel. their huge loans to greece and they are huge the latest news is that the national greece will reach one hundred eighty one percent of g.d.p. next year and of course completely unsustainable banks on to the not charities so that obviously resisting these moves they say that if. the loans just like that then the world lending market will simply dry up the e.u. leaders have agreed to create a european economic government with the eurozone summit to enforce it is to control countries like italy there's been a blazing row here between prime minister silvio berlusconi who reportedly refused any more national measures germany says that spain has taken these spending cuts so why should we do the same to get their house in order also the public between france and germany is worrying investors from a big. it's already at hundreds of billions of euros but it wants more to rescue any potential any potential failures in the eurozone and. they could be more countries next whereas germany germany's

e.u. leaders signed off on another massive rescue deal and also this hour. seven hundred million dollars seventy years of dili's scandal and the basil and charges rogers crown jewels. is finally set to reopen tonight. is just after four pm here in the russian capital you're watching our t.v. our top story head start colonel gaddafi is no stand for actual son saif al islam has fled to now here apparently looking to have himself over to the war crimes court but what's keeping western leaders nervous is that saif could then spill the beans are the recent dodgy deals they made with us father r.t.s. other benefits planes. to some more market f.p. was a man too much secrets which will supposedly be buried with him i think that there were tremendous sighs of relief all over capitol also in western europe this is somebody who cut all sorts of deals with the french but also to the great issue and the italians and to a certain extent the americans as well i think they did not want to put on trial for any reason and i am not misleading that surprised that he was captur

e.u. leaders in tackling their problems. china will join the bandwagon of all the saviors bud china will not be our white knight in this regard because the understanding is that it is those individual countries who are having the problem will be also their problem solvers in the first place and then what will be the neighboring countries or the community of the of the eurozone can come up with a specific solution in which china can join to help china is not very satisfied satisfied with the fact that those that the austerity plan didn't come on the right time and there are still the war between different stakeholders within the within this format. on the other hand the indecisive miss and the slow pace in of their members particularly those who are leading members in solving those issues so that really saves several taj the number of people in terms of their patients to come up to the rescue plan. was so they had few this hour in the program the police versus the protesters. and corporate rallies spreading across the u.s. se

e.u. leaders will be meeting on wednesday but the effect is already being felt in russia's banking sector as we've seen moody's giving it a negative downgrade. even though we would say that russia today is relatively better than many other countries in the u. . as an international i mean partner to many of the e.u. countries russia will feel the pressure from countries that are suffering more and that has an impact on the old nurse of the international banks in russia and on the russian banks as well in terms of international wholesale lending or wholesale founding so unfortunately the general perspective as well the worldwide banking segment has an impact on russia as well that's why i think moody's s. s. made these. notes. the markets how they're faring vis w t i rise to trade at the highest level in twelve weeks on signs of improving u.s. demand the world has gained more than twenty percent in the past three weeks lightweights is up two dollars twenty two cents this brant is down almost to the. us markets are trading lower after of course showed consumer confidence declined in a job in

e.u. leaders should look themselves into this building the e.u. commission building here in brussels on till they come up with a solution because there are fears that there will be a continuation of the global stock market collapse we saw another poor day today and there are fears that if they come up with something short of a comprehensive deal to tell the problems of the european union investors will get even more concerned tomorrow ok we're very much across this story with your help our europe correspondent daniel bushell thanks for the latest there from brussels. well but earlier i spoke to dr marcus kirby political economy professor and he told me that the majority of germans did not agree with their government's policy towards greece right. i have always hoped that germany sooner or later is going to wield the power to bring the continent to back to economic reason because we are in a phase of the euro agonizing and if certain concept is agonizing you should bring it quickly to an end the money we have spent on greece is lost money and we kn

e.u. leaders on saturday painted a very grim picture saying that athens might need hundreds of billions more in bailout cash is europe's commitment to athens that strong. well first of all good evening to moscow yes indeed we want to create problems and i'm quite sure that we are on the right parts first of all we have to acknowledge we have to know that there is a lot of problems with squeeze crease is not really competitive at all and there is a lot of money going into greece but i think the end of the day we will find a suitable solution tomorrow evening where we will indeed get an indication of germany's position on its commitment to more understand that the whole german parliament not just originally a budget committee could understand that was going to be voting on the issue tomorrow but i understand the whole parliament is actually i voted on planned guidelines for this in large euro zone rescue fund what do you expect to come out of that post and what impact will that have on your his own members i think it's very important to the whole parliament as well to forward and we have made

e.u. leaders up against the clock me to try and resolve the debt crisis. battle over barricades nato forces failed to remove roadblocks of the disputed serbia cause of a border as ethnic serbs guard the blockade to stop the peacekeepers advance. its weapons up to date for the moment. with morphine about fifteen minutes from now in the meantime the ongoing occupy wall street movement which started over a month ago shows no signs of slowing down back start to talk to author and social critic james costello about the phenomenon and what kind of impact it's going to make on the future of the united states that interview for you next. i. can't thing down with author blogger and public speaker james howard kunstler so thanks so much for joining us and it's nice to be here and let's get started with the occupy wall street movement is seen many media outlets try to ridicule them marginalize this movement as something that's temporary and really advocates teenage behavior and you've essentially called this bogus in your blog let's talk about that what is your take

e.u. leaders try to stop squabbling and cervical solution instead you could see the pink is planned yet to tackle its going away finances the summit underway now and opens on a high note to germany massive expansion the bailout for. support of the moscow times thanks for being with us richard he's got the latest sports. hello welcome to suppose they great to have you with us start with the headlines. saloon maria sharapova it was one of the over the last when much is. the feeds championships for the top russian. for tens of thousands are expected to come and see her say the formula one grand prix in the libyan city of sochi race is to delete the track. corruption crusade fee for open cases and stop over ten football officials bribery scandal song keeps rocking the school's governing body. of russia's leading tennis ladies' maria sharapova as one of the over looking to bounce back from the opening defeats at the year ending championships in istanbul turkey two thousand and four when i was taken on the french open champion mali of china. current school five five in the russian is in dire nee

e.u. leaders trying to stop squabbling and serve up a solution which could see the biggest plan yes it's tackle its runaway finances. europe's financial turmoil is intensifying calls in the u.k. to leave the struggling bloc that sarkozy discusses the prospects of that happening and the future of the euro zone and the british conservative party m.p. douglas carswell. i'm in manchester with douglas cause well he's a conservative member of parliament he said the political system in this country is broken and in urgent need of reform he's also renowned euro skeptic douglas cause our thanks for talking to us we use this catch all term euro skeptic what does that mean old style euro skepticism in this country used to be about trying to take this country back it used to be an inherently conservative movement that was about trying to take us back to a sort of one nine hundred fifty s. status quo i don't have much truck with that at all i mean you're a skeptic because i want change and i want to really change the way this country is run i think fundamentally europe is in the mess that she is today becau

e.u. leaders to take crisis solving steps following the roots results of an all night summit they reached a deal to write off the greek debt and give the struggling country another one hundred billion euros in rescue that. gadhafi his family plans to sue nato for breaking the u.n. mandate by striking the date as it was trying to flee the advance is also being blamed for the weapons on the streets many fear it will lead to mumbai hundreds. of it back with more news in full in fifteen minutes time. thanks for joining me and this is what is coming up dream. hopes of ending the year as world number one. pulling out of the championship plus a k forty seven. people. and on the course twice a. little paul chelsea man city and black make the quarter finals of the carling cup. start with the tenets of his dream of ending the season as the world number one is over she's pulled out of the w.t. a championship with a knee injury after losing her second match to lead an hour meaning caroline wozniacki remains the world's top player leading the tournament without a win after his surprise open defeat to

e.u. leaders to take crisis solving stops finally reached results of an all night summit they reached a deal to ride on top of greek debt and give the struggling country another one hundred billion euros to rescue. gadhafi family plans to sue nato for breaking the u.n. mandate by striking late hurdles convoy as it was trying to please. the alliance is also being blamed for the flood of weapons on libyan streets which many fear will lead to new violence. i'll be back with more news in about fifteen minutes time but first it's on the sports news with. hello there thanks for joining me and here's a taste of what's coming up dream. of his hopes of ending the year as world number one are in tatters after pulling out of the championships plus ontologies aka forty seven on belly kurylenko helps to discard. basketball generally. and on the doubles florida scores twice as liverpool chelsea man city and blackburn make the quarter finals of the carling cup. that start with the tenets of his dream of ending the season as the world number one is over she's pulled out of the w.t. a championship with an in

e.u. leaders are meeting in brussels to brainstorm ways to save the eurozone and slash greece's enormous comes off of the greek government approved another round of my watering cuts to secure a bailout leading to a two day strike clashes with police. and ethnic serbs prevent nato from dismantling the barricades at a disputed border crossing in northern gaza vote on friday peacekeeping troops using tear gas to disperse hundreds of locals who sat on the road to stop. the occupy wall street movement is now. starting talks toward the run james about the phenomenon and how it could influence america's future he watching. archie sitting down with author blogger and public speaker james howard kunstler so i think so much for joining us it's nice to be here let's get started with the occupy wall street movement has seen many media outlets try to ridicule them marginalize this movement as something that's temporary and really anarchist teenage behavior and you've essentially called this bogus in your blog let's talk about that what is your take on wall street well first of all it's hilarious that all o

e.u. leaders has been left in serious jeopardy that's after a key meeting of finance ministers before the leaders' summit on wednesday was cancelled many now doubt that the heads of state will be able to come up with a rescue package on their own and while hopes for a political way out of the crisis are fading some are finding inspiration elsewhere as sara for reports. as the talks continue to try to find a resolution to the financial crisis let the people who are cutting through the political rhetoric and telling it how it really is. meet soul sister and the greek hip hop great east political rap lyrics have been striking a chord with people. a lot of the people in. the protests and the squares the situation in greece is really tough and everything is reversed from what we used to know a few years ago that we use our own lyrics to show how we perceive things that are happening in our society. was the feeling in unison may come naturally to the group you're using leaders have increasingly been failing to sing from the same page you take twenty seven different countries with twenty one diff

e.u. leaders who are trying to save the euro gathered for a new round of marathon crisis talks in brussels the leaders are still trying to work out a comprehensive plan to try and resolve the eurozone debt crisis they're expected to tell banks they have to accept the greek debt will never be paid in full and so need to raise capital to deal with the losses earlier leaders said that a comprehensive plan will be announced on wednesday when they gather for another summit but economic analyst and author michael moore believes it's already too late for the eurozone. tourney is sinking and the orchestra is still playing this is the situation that we have at the moment it's a politician's fall and the euro is the result of politicians it's a political will you will to create this common currency but the fact is if you divorce construct it was clear right from the. beginning now we are no miss everybody saw it coming it is very very difficult at the moment to solve this problem in my opinion you can only divide the year all the northern countries and the southern countries and you create a kind of

e.u.'s death crisis at a summit in brussels hits the buffers while the french and british leaders argue over of the euro's future. meanwhile in the u.k. itself there are growing calls to reconsider its the e.u. membership of the parliament here vote on whether the only referendum on the issue . plus we visited one so was the world's largest nuclear test site and castle standing still bears the scars of his atomic legacy despite the program's closure twenty years ago. and business would he have russian stocks that climb of the opening of the main games in the energy and banking sector we'll bring you the latest figures in about twenty minutes at the. eleven am on the russian capital you're watching our team with me marina joshie welcome to the program it was a blood stained image which marked the end of the old regime but what some fear also hence a bloody future the graphic footage of colonel gadhafi his demise and questions over his death continue to cause controversy that's as libya's interim rulers rushed to call for a celebration of what they call the country's final liberation i think o

e.u. leaders should look themselves into this building the e.u. commission building here in brussels on till they come up with a solution because there are fears that there will be a continuation of the global stock market collapse. and. the global investment strategist at madison street partners believes that constant bailouts will not resolve the european crisis. greece has one of the lowest expenditures of social welfare spending in the european union if you look at the statistics from europe and the o.e.c.d. they have considerably smaller pensions and the germans and the french do. i think this this notion that everyone buys into that somehow they're just scroungers of the state they have fundamentally a problem of tax evasion whereby the most wealthy in the country have for a long time avoided paying their fair share in taxes and so the bottom eighty ninety percent of the population are paying the price for that the e.c.b. should be undertaking per capita revenue distributions and you do that on the basis of population to each of the euro zon

e.u. with false economic figures his comments came after an eight hour long urgency target in brussels where you leaders finally agreed with banks to write off fifty percent of their greek debts the e.u. also promises to loan athens another one hundred billion euros while the ballooning bailout fund is in line to expand to a trillion euros the third component of the package is recapitalization european banks so they can cope with possible losses the euro reached its highest level against the dollar in seven weeks following your agreement but johan van overtveldt who runs two of belgium's leading business magazines believes that the latest measures are no medicine for the greek economy and eurozone leaders are just too afraid to face the truth. it's just buying time this is really not the bazooka everybody has been asking for i would describe it as a water pistol this of course prevents for the moment that we really get to a kind of. relation of degree to the depth level which is now growing in the direction of hundred and eighty percent of g.d.p. but you cannot call this a structural resolution to the d

e.u. leaders to take parcels solving steps finally reached results at an almighty summit they reached a deal to write off half the greek debt and give the struggling country another one hundred billion euros in pressed you will. europe's financial woes are intensifying calls in the u.k. to leave the block a let's start to explore the possibility of this happening and the future of the euro with the daily telegraph writer also one of britain's most prominent political journalists and opinion formers. i'm joined by peter oborne chief political commentator for the daily telegraph and he just published a pamphlet entitled guilty men term using to describe those trying to drag britain into the euro zone peter thanks for speaking to r.t. now this term guilty meanings a term used to describe in one hundred forty s. those who are peace the nazis and he seriously comparing brussels and the euro zone to hitler's third reich that's not the comparison i make in what that brilliant pamphlet short book by written by michael foot and i what they were analyzing was afraid of policy in the nineteenth i think

e.u. leaders tried plugging this massive deficit in the budget simply isn't having the desired effect and you can see the anger on the street the people who really have had enough of this is very very tricky this really what you feel the moment is a very tense the iceberg because was actually carrying on in this country is that they're suffering from crippling unemployment this friend from this he's types like most people in greece have had their wages cut some by thirty percent to very difficult times and then indeed people here said you know what you have people as part of the problem the not is part of the solution then there's simply not going to be able to reach an answer so what the e.u. leaders are discussing their financial rescue plans and fiscal policies really they're going to be want to be considering how they get the people in these countries back onside and how to regain growth in this country such a difficult time. as patrick young says the situation in greece is so dire more belt tightening won't help shed its debt. i think we're actually coming close to the end because ul

e.u. leaders upping. the clock me to try and resolve the debt crisis. battle over barricades nato forces failed to remove roadblocks at the disputed serve because of a border as ethnic serbs guard the blockade to stop the peacekeepers advance. and historic moment a russian soyuz rocket settle from a french space base in the tropics carrying europe's first satellite navigation system. i'll be back with more on this story as more developments in this in half an hour from now but in the meantime as promised our special report takes you to the city founded by peter the great as a supply base for the russian navy in the early eighteenth century sailing through the ages next on r.t. . petra is a city on the banks of lake in russia's new.

e.u. leaders to take crisis solving steps funny weeks results but all night summits they reached a deal to write off half of greek debt and give the struggling country another one hundred billion euros in rescue that. europe's financial woes are intensifying calls in the u.k. to leave the bloc thanks to r.t. explores the possibility of this happening in the future of the euro with the daily telegraph writer who's one of britain's most prominent political journalists. i'm drawn by peter oborne chief political commentator for the daily telegraph and he just published a pamphlet entitled guilty men a term used to describe those trying to drag britain into the euro zone peter thanks for speaking to r.t. this turn guilty man it was the term used to describe in one hundred forty s. those who appease the not sings and he seriously comparing brussels and the eurozone he was third reich that's not the comparison i'm making what that brilliant. short book my written by michael foot i what they were analyzing was a failure of policy in the one nine hundred thirty s. that's what it was a bug the polic

e.u. leaders agreed a set of measures to deal with greek debt those measures include banks writing off fifty percent of debts capitalization of european banks so they can cope with possible losses and expanding the bailout fund to one trillion euros the deal has been met with anger in germany the biggest contributor to the bailout fund protesters there spoke out against a plan to which creates more debt artie's financial pundit adviser report says it will only last the euro zone in deep trouble. it's a debt problem that they're going to cure by adding more debt that one trillion euros the president of the e.u. herman van rompuy has already said that they can leverage it up to five trillion euros that will be and they won and so they're trying to solve the debt problem with more debt you're guaranteeing economic collapse by adding more debt this is why this should be stopped in the next couple of months you're going to be able to say that we staved off catastrophe for two months but if you were truly interested in solving this problem greeks would default on hundred percent on the fraudulent

e.u. leaders agreed a set of measures to deal with greek debt. measures including banks writing off fifty percent of greek debt. zation of european they can cope with possible losses and expanding the bailout fund to a staggering one trillion euros to achieve that officials are hoping to attract investment from outside europe the head of the new bailout fund is it in china to try and persuade beijing to contribute to saving the euro to get some insight on this let's talk to dr g. soon senior research institute for emerging market studies in beijing thank you for joining us here not yet so e.u. leaders admit mistakes were made while creating the euro zone and now they're turning to known european countries to help sort it out how do you assess that. well. they have no choice i think. they want to increase the fires of the found that march so we have to seek out help. so why would china be interested in helping the e.u. do you think what can it get in return i think china will be involved to some degree for the european market is the major export m

e.u. leaders reached a long awaited deal on thursday to try and save greece in the euro zone from collapse the measures include writing off fifty percent of greek debt capitalizing on european banks so they can cope with any future losses are expanding the bailout fund to one trillion euros after the summit in brussels french president nicolas sarkozy said allowing greece to join the e.u. ten years ago was a mistake a new rescue fails to address the problem according to go over it felt runs two of belgium's leading business magazines. it's just buying time this is really not the bazooka everybody has been asking for i would describe it as a water pistol this of course prevents for the moment that we really get to a kind of. escalation of the greek and up level which is now the direction of the eighty percent of g.d.p. but you cannot call this a structural resolution to the different greek problems they are a little bit afraid to really bite. bulleteer because if you look at it closely there is only one solution for greece any truth have been put on the table already several months ago that

e.u. leaders to try and save the euro they have gathered for a new round of marathon talks in brussels the leaders are still trying to work out a comprehensive plan to try and resolve the eurozone debt crisis they're expected to tell banks they have to accept greek debt never the paperwork agreed dad will never be paid in full and so need to raise capital to deal with the losses earlier in the year said a comprehensive plan will be announced on wednesday when they gather for a summit but some financial analysts believe the problem is being called from the wrong and altogether it's a coming to union that is not an optimal commons here it doesn't work for most of its members that belong within the eurozone within the single currency area and the longer they keep going as it is the longer the economic problems will last will be more words on the streets of athens will be more. of the greek people writing down the whole of the european union that's what happens when you take away people's democracy and you centralize power to relatively small clique of people the politicians are so wedded to t

e.u. leaders to progress on solving eurozone problems. think the market again being the last is only being green zone and especially for me and soon i will serve to the or even at all so we always wonder if we can want to. correct that much or think it's all certain it could be a difference of story when voters are speaking about metals mining companies but the stalks which really are a bone for us. in the market. were actually producing champagne for another ten years at least that's the time local sparkling wine makers can keep the word champagne on their bottles the movers part of an agreement between russian producers and those from the french champagne region the twenty twenty two deadline maybe extended if we branding russia proved more difficult than first thought if light over the champagne appellation started in two thousand and nine and the french insists that champagne is the geographic location and can only be used for wines produced in that region. and other news canadian developers are aiming to invest around six hundred mil

e.u. leaders meet in brussels amid urgent calls for decisive action to resolve the urs crisis. how to deal with greece and its mountain of debt is once again top of the agenda. but it's not just people who are on strike. the whole country is suffering under some of the most severe austerity measures modern society has ever known. that does raise a question for all those european policy makers in their financial plans. just how much can one country take before it snaps? chris morris, bbc news, athens. >> that is the question which the finance ministers gathering in bruce he will really just do not want to face, really. >> well, they've got the problems in greece, the strikes in greece, the fact that spain has been downgraded, so they've got a good list of things to be getting on with. they've got to stabilize greece. they've got to set up a credible financial firewall, as you put it, so that this contagion stops, and they've got to recapitalize banks as well. that's all they've got to do over the weekend. huge list. it's highly unlikely they'll manage to come one any solution fo

e.u. leaders are a catalyst say cracks already beginning to appear drastic more about alice stories of the book. it's just after three pm here in the russian capital this is our duty now our top story the late a colonel gadhafi son and key right had that saif ali as long as reportedly crossed the border from the libyan desert it tonight here it's believe he's trying to negotiate a surrender to hand himself in that to the international criminal court it does eventually stache trial he could not spill some of the secrets of the regime's murky dealings the same governments have helped topple his father larches ivor bennett now reports. to some remark that deaf ears are treated. all secrets which will supposedly he carry it with him i think that there were tremendous sighs of relief all over capitals in western europe this is somebody who cut all sorts of deals with the french but also the british and the italians and to certain extent the americans as well i think they did not want him put on trial for any research and i am not misled is it surprised that he was captured alive if you very qui

e.u. leaders on combat in the euro zone debt crisis however as a western from add on suggests the bullish attitude could prove to be shortly. given that a lot of clients are sitting on cash we could see a little bit of a continuation of this rally i think it's very weak into its foundation the sort of optimism that we've seen on the back of what happened in europe i think is very fragile because now what people would be doing is looking ahead and basically asking ourselves with other countries come knocking on the door for it and it's kind of a haircut for example and then we're back to the same agenda again there also as far as i understand a few issues regarding the facility increase that has not been decided yet so i don't think we're completely out of the woods but for now there seems to be that sentiment and investors are voting with the money and this could maybe continue for a little bit but at the same looks fragile to me. it's a good idea to take a look at those figures right now well is although it has come back a long way from what we see in the drops that we've seen around an

e.u. leaders decided on thursday to have greece's private sector debt to one hundred billion euros bags agreed to write off fifty percent of what they're owed european banks must also have a bigger cash balance to guard against another crisis while the emergency bailout fund will be expanded to want trillion euros to help expand the rescue fund of the europe is hoping it to attract investment from asia but it would be a lot of fun cheap has visited china to persuade beijing to help finance to huge rescue economists there see the you you having a little choice but to turn to asia for help. we welcome you chris this side of the phone march we have to seek out help i think it will be involved degree of all the european market major export market of chinese of course china needs to worry about the possible default trying to needs to make sure that it doesn't lose money because of the turbulence in. europe. well coming up later in the program. our georgia works hard to maintain a positive image of a country that welcomes free speech and open minds but that's not the experience of local media there

e.u. leaders to try and plug this nothing in the budget simply isn't having the desired effect and you can see the anger on the street people really have had enough of this is very very tricky this really what you feel at the moment is a very safe the iceberg because was actually going on in this country is that they're suffering from crippling unemployment from this he's types like most people in greece have had their wages cut some by up to about thirty percent to very difficult times for them indeed and people here say you know what you have people as part of the problem the not is part of the solution then the simply not going to be able to reach an answer so wealthy e.u. leaders are discussing the financial rescue plan and fiscal policies really they're going to be want to be considering how they get the people in these countries back onside and how to regain growth in these countries such a difficult time all right our part of the story for us from inside. financial analyst patrick young says the situation in greece is so dire that more belt tightening won't help should it's dirty. i

e.u. leaders to progress on solving eurozone problems. good market can again be in the zone of green zone and especially. the means to know will circular or you can. always run or become one of the. correct march surfing that's all circular could be a different story when. involved metals mining company stocks which usually are wrong for us. in the market. russia will be producing champagne for another ten years at least that's the time local sparkling wine makers can keep the word champagne on their bottles the move is part of an agreement between russian producers and those from the french champagne region the twenty twentieth's and deadline may be extended if we rounding russia proved more difficult than first thought it fight over the champagne appellation started in two thousand and nine and the french insists that champagne is a geographic location and can only be used for wines produced in that region. canadian developers are aiming to invest around six hundred million dollars in russian real estate over five years but the missing

e.u. leaders to multiple delays and crisis action and promises of a solution. back noble investment strategist at madison street partners says the european financial system is to blame for the current turmoil. it's fundamentally unfair for the problem of the whole. or the eurozone economy is one of financial architecture you've got to go back to this flawed financial architecture would started with with the currency union without a fiscal union but we were all told one ball was the same as another whether it be an italian bond or a german born and now effectively the rules of the games have been changed in the bank has been forced to take this haircut in effect they are being punished for the wrong thing the response has been completely the wrong way around the the problem is fundamentally one of national sovereignty is trading at very distressed levels because these countries are all perceived to be insolvent it's not just greece it'll move on to portugal italy spain maybe ultimately france and germany so you have to first deal with the problem of national sol

e.u. leaders up against the clock to try and resolve the debt crisis. battle over barricades nato forces failed to remove roadblocks why force of the disputed serbia kosovo border ethnic serbs guard the blockade to stop the peacekeepers advance. an historic moment a russian soyuz rocket sets off from a french space space in the tropics carrying europe's first satellite navigation system in any to become a rival to america's g.p.s. . you're watching the weekly here on r.t. with the week's main headlines wrong or sushant libyans are celebrating the beginning of a new era with the death of colonel khadafi he was gunned down in unclear circumstances on thursday the incident sparked international calls for an investigation of allegations the ousted leader was executed a leaked video for trey's a man boasting that he shot could afy trice in cold blood during his capture in the city of sirte the claim supported by a post mortem was discovered two protocols on the council's party elections are now due to be held in libya within eight months followed by the form