piling debts with greece trying to speed up cuts before european commission inspectors descend the i.m.f. meantime is warning global finances are now more vulnerable than at any other point since two thousand and. two stay with us to reality next the motor city madness in a ghost town the second part of a special report on the slow death of a city that was once the heart of america's car industry that's next right here on arts. but very differently you see what. this person will be the chairman of the genesee county land bank and will have to be responsible for its operations as well so not just understanding the client side of the work but also understanding communities and how neighborhoods are stable. again skin three choices one was to continue what i'm doing now to stay in the political world and be a local policymaker and then maybe you know move on to some other office the other choice was to go work for the new obama administration and i was very interested in that and spent a lot of time talking to the to the people in the white house and you know was almost ready to make that move but i

piling debts with greece trying to speed up cuts before european commission inspectors descend the i.m.f. meantime is warning global finances and are more vulnerable than at any other point since two thousand and. eight how those are the headlines here and. ellen is cross talk explore the role that turkey may play in the arab world following the revolutionary wave that swept the region because right now and thank you for watching. take. the low end well from the crosstalk i'm peter lavelle turkey and the evolving geo political order in the middle east and arab world is ankara making a bid to play the role of a regional hegemon on the back of the arab spring and at the expense of western powers always had merely following a foreign policy based on national interests. to cast doubt turkey's external ambitions i'm joined by john feffer in washington he's co-director of foreign policy in focus at the institute for policy studies also in washington we have those at all mike he is an adjunct professor at the american university school of international service and in london we cross to rachel xabi she is

i.m.f. says such things. meantime economist michael pentodes says the e.u. crisis will have far reaching consequences for the entire global economy personally i mean a plus to a i mean is anybody really believe that italy deserves an a rating their debt to g.d.p. is one hundred twenty percent and rising a significant number of european banks are insolvent the e.c.b. has to buy all of that sovereign debt and take it off their balance sheet that is the final answer greece will default and that means somebody has to take the pain and it's going to be either the banks or it's going to be this central bank creating inflation and then everybody suffers get ready for a protracted and significant increase in inflation both in europe in japan in the united states. good to have you with us today nearly quarter past the hour now time for the world update here on r.t. first to yemen where a much longer four cease fire has come into effect in the capital of sanaa this after three days of violence which killed sixty two people more than one hundred were taken to hospitals

i.m.f. predicts a grim forecast for the global economy this europe's debt taken not from italy's credit downgrade today while the u.s. meantime is being accused of being too hasty with. the palestinian bid for unocal ignition just a couple of days away israel and its key part of the u.s. the key to show their opposition israeli military forces are against palestinian protesters while allowing israeli settlers to demonstrate on the occupied territory . and also new york president obama seeks to boost libya's new leadership in the general assembly by pointing out progress in the country but questions over whether nato has actions in libya complied with the u.n. resolution still looming large barrel top stories and following on from one of those the next we talked to one of the palestinian president mahmoud abbas his advisors who participated in drafting the u.n. bid and he explains the solid goals behind this symbolic move. let me i have talked in the bill south a member of the palestinian legislative council that to thank you very much for joining us here on our team some israeli officials admit that they are losing the battle