the average rate in euro zone countries plus analysts say italian technocrat prime minister mario monti. excuse me that wasn't a cause he's a technocrat i just actually i'm sick he is really stepping up to germany and ways once unthinkable in a fight to save italy which is deep in recession but what is the real breakdown of the crisis right now when you put it this way. the good. the bad. well let's bring constantine to help us sort out this ugly mess he's an economist and coeditor of this book what if ireland defaults and he's going to help us sort it out so first of all thank you for being on the show it's always a pleasure to have you won thank you laura let's start by dividing and conquering the good the bad in the ugly which is something that you actually came up with before we get to why we're dividing accordingly who is the good who is the bad and who is the ugly look at the eurozone crisis. the good the bad the ugly is really the trifurcation of europe it's a split in three parts of european core traditionally both in terms of the mythology political mythology that the spermy in

i think monti is. very clever if you want strategy one to realize that italy is unlikely to carry out significant reforms it is unlikely to have a very tight. control over its debt situation and let's remember that italy is generating the factually primary surplus right now so if this problem is not the deficit something that the government can't cut but rather the weight of overall debt so monti is looking at it from the point of view of traditional economists you know that he is as well and he is looking at it from the point of view of if i can get eason from the central bank from the european central bank. assuming the conditions allows him politically to do so then he will need some room in terms of the fiscal transfers in order to stimulate domestic economy now again this is pure european thinking there is nothing in the growth nothing generates growth other than government spending so he is trying to pressure europe and angela merkel to increase the fiscal policy commitment now let's remember tha

mario monti on tour about how to solve the euro crisis.nd yes, and it became obvious at the last summit in brussels where finland already positioned itself as a hard-liner country. germany is very much in the spotlight, but germany is the bigger economy as well, and people are looking to germany more than they are and looking to finland. what mario monti is likely to achieve is that it will increase awareness for the country's with increased difficulty for the country but would not change politicians' minds in the north, especially when it comes to a strict no regarding the banking license for the eosin. >> it is also amazing to see this public lobbying going on now among eurozone leaders. how did you see this playing out? >> that will just depend on how sustainable the situation is when it comes to borrowing costs. italy and spain is costs are soaring. other countries are experiencing even negative rates, and this phenomenon just highlights that the eurozone really needs to do more to achieve full economic and fiscal integration. the mark

. >> german chancellor angela merkel and italian prime minister mario monti had a wide- ranging agenda for their meeting. in a press conference afterward, the two stressed their points of agreement. merkel praised monti's leadership and said that italy's reforms were improving europe's competitiveness. >> italy's comprehensive budget tightening and reform agenda is impressive. it is moving forward, step-by- step, and being implemented. >> the two differ over the role of the european stability mechanism. merkel said the fund should not be allowed to borrow directly from the european central bank, but that is an option that monti supports, and he praised the virtue of flexibility. >> a few things can be achieved under certain conditions, but perhaps these can be done in the future if the conditions change -- a few things cannot be achieved under certain conditions. >> for now, the two appeared friendly. a show of unity was the message for the day with specifics left for the future. >> dw's political correspondent has been following these developments and joins us now from our parliamenta

i'm wonder how much of this discussion between monti and merkel will actually be mario monti suggesting to merkel they go easy on conditionality with any further assistance to spain. >> reporter: and good luck to them. one could cynically say the biggest test for italy comes when monti meets merkel. the last eu summit monti came out posturing as victor which was criticized by many. angela merkel meekly went home until this came out he hadn't won anything and she lost nothing. go easy on conditionality? really? maybe i'm too german about this. the finn and dutch have said angela merkel should stand fast rather than loosen her stance. there's the great danger of pouring the baby out with the bath water. spain wants to avoid a bailout for two reasons. national pride and for not being tl throttled by the other countries like a troika regime. the ecb could be a bit more flexible on recapitalizing banks directly will not be on track until some time next year, and that's only if, the other biggest landmark out there, if the german constitutional accord on september 12th decides -- allows the g

. >> francois hollande and mario monti vowed to do everything to protect the euro, though they did not disclose whether that would mean pressing through the european stability mechanism to have a banking license so that the permanent bailout fund had direct access to the european central bank. hollande and monti stressed they will act in unison. >> our relationship has reached an important point. in order to iron out the issues, including future ones, which are our area of responsibility, so that we can strengthen and consolidate the eurozone. >> they said this means implementing the decisions taken at the last eu summit as soon as possible. the new stability mechanism could start helping cash- strapped eurozone countries by buying up government bonds. >> in order to preserve the stability and strength of the eurozone and promote growth, it is very important for us all not to allow our concentration to waver for even a minute. >> the meeting between hollande and monti may well give food for thought to german chancellor angela merkel, who is currently on holiday. germany so far has been

thanks, monty. >>> we'll be right back. [ laughter ] [ girl ] wow. you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover, i couldn't just move the tv into the playroom. no, we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver. only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. >>> there are new revelations about a book offering a first-hand account of the raid that killed osama bin laden. the author of the book was outed by a news organization. brian williams joins us next.

. >> monty was there.e's meeting and saying you've got -- he wants them to take the bailout, but then the sff can buy spanish debt. it's like we don't want you to bail out, per se, but we want you to it take a balance so they can step in and buy your debt. this is a bailout without conditions am it's tough politically. >> absolutely. absolutely. >> let's get some reaction on that. can we pull up the euro -- can we bring up the eurodollar charts and the spanish ten-year curve. there we go. >> that's what we're showing, yeah. >> i'm sorry. i was looking at the auction results as well. there you go. eurodollar is spiking on the back of 127. so we have the spanish ten-year? right. apparently we don't want to show reaction on that for some reason. >> we'll wait and see how the curve is reacting. in the meantime we want to do a quick check of the agenda in asia fotomorrow. we're wautching for a slew of earnings, and over in singapore cease asia's largest bank dbs will post the results. china and india release th

monty francis, nbc bay area news. >> it isn't over. petaluma will now play panama in the third place consolation game, which airs on espn2 tomorrow morning at 8:30 and there's a parade planned for the team in petaluma september 2 at walnut park. henry, i assume you have some highlights from that game perhaps? >> absolutely. plenty of baseball. coming up in sports, the giants look to make it six in a row. could madison bumgarner bully the braves? plus, this was a spectacular game and the pride of petaluma, no reason to cry, fellas. we've got highlights and it's all next in sports. >>> welcome back to nbc bay area. it was a wild ride, but petaluma's boys of summer are returning home. but those youngsters put up one heck of a fight and proved they have a lot of heart. let's go out for the highlights. this was a spectacular game. petaluma taking on tennessee in the u.s. title game. petaluma down ten runs before making a comeback in the sixth. it was 15-7, tennessee. this is a double to left. two score. 15-9. now 15-12, can petaluma keep it

monty francis is live in san francisco with the details. and your back ground seems pretty familiar. >> reporter: good evening. police found that offender here and would not have if not for a conscientious citizen. derek sanders escaped friday morning from the mental health rehab center. officials think he made his escape through an elevator shaft. >> it's very scary. and obviously the system need tols pay more attention to that. he should never have been able to get out. >> reporter: 30 miles north, someone spotted a man panhandling, who they recognized from media reports and called police. officers moved in and took him into custody. >> i don't know what reason he had to come to this area. >> reporter: officials say sanders has a history of violence, including weapons offenses and a history of mental illness. he faces charges for a sex offense against a minor. the fact he ended up at a favorite tourist spot popular with families is unsettling for many and glad to hear he's back in custody. >> it's a relief. there's thousands of people wal

we're just heady with all these fantastic athletes, monty. >> yes, we are. he arrived in san francisco yesterday, but today was his first chance to get out on the bay and test his position. he is the most decorated olympian in the sport of sailing. his most recent award was gold which he won at the london games for great britain. he's used to going it alone in a 14-foot dinghy and now he's one of 45 people in a catamaran. he did his first sail on the bay and he described the conditions for us. >> the conditions were awesome. yeah. san francisco is famed for its strong winds and we certainly had it today. beautiful sunshine, 20 knots of wind. you can't ask for better conditions than that. it's totally different to the olympics, and i'm sailing my own in a 14-foot dinghy. there's 45 of us on the team with a wing mast, so incredibly fast machines. >> reporter: and even though at this point in his career, he could sit back and relax, aimsley says he's always pushing himself to his next challenge. he would not speculate, but he said it's going to be a tough compe

monti?> well, you know, basically this is the worst sign for the italian economy since the end of 2009. basically the worst part of this number is there's no sign of recovery overall in the real economy. basically, we're paying high toll to the sovereign crisis in terms of the effect of the austerity package of the government of mario monti but also of the credit crunch. less money for the private families and also companies and higher costs of borrowing and also there's a connection between the consumer confidence and the spread, now there's a deleverage in the private-sector very fast and it's 2.4 in terms of the contraction of the domestic consumption and as was anticipated in terms of industrial production also the situation is pretty dark in some sectors since the beginning the year down 22% but not just durable goods also in terms of services. we have booking for hotels down 18% here year-on-year. six out of ten italians will not go on holidays in august which is quite unusual for the

monty, good morning. >> reporter: marla, good morning. their plane was scheduled to touchdown at 11:20. it is running early so they should be here any minute now. as you said, there's a small group of family and friend gathered here to welcome the team home. now, this team came so close to playing in the little league world series against japan, and anyone who saw the game independence tennessee this weekend can tell you petaluma national gave the bay area a lot to be proud of. coming back in one inning to make up a ten-run deficit. now, the team went on to play in the third-place consolation game against panama and won that game, making these young athletes part of the third best little league team in the world. family and friends say that alone is an impressive accomplishment. >> my brother's been sending me know toes where they'll be sleeping in the airport. they had a layover in atlanta. we're excited to get them home. we are. they'll be tired. i know that. >> reporter: again, the team's plane should be touching down any minute now. t

in monty's case, it was precipitated by a divorce. >> reporter: but meeting monty today, she's a changed i can move this. >> i maneuvered this stuff. there. here was a dreamy to sleep on. as sad as it is, i used to sleep her. >> reporter: this is one of the last rooms left to clear out. three months removed from her darkest moment. >> this is the closet. >> reporter: while the closets are organized and cleaned, there are reminders. i still see tags. >> there are tags. >> reporter: how many pairs of shoes at your lowest low did you have? >> it has to be in the hundreds. probably around the 500 range. >> reporter: it's been three months. and monty is on the road to recovery. >> i don't think i cared that much about the stuff. it was more about the pursuit of it. >> our thanks to cameron mathison. "hoarding: buried alive" is sunday nights on tlc. >>> "dancing with the stars" time, robin. it's your turn to vote. which one of these three will make it back to the dance floor when the all-star season of "dancing with the stars" kicks off september 24th. this morning is carson kressley's last ch

all right so according to italian prime minister mario monti we have now a week to save the euro zone that came out in the headlines he said that to a group of european newspaper reporters this is ahead of the e.u. summit planned next week so is this a threat a warning it's hard to tell because it's become a bit of a boy who cried wolf refrain take a look at this last november there were ten days to save the euro we don't have those headlines but we got a bunch of them together ok in november there were ten days to save the euro or see it disintegrate in december of last year d s k domenic strauss kahn said there were three weeks left at one point in may there were only forty eight hours to save the euro according to one newspaper but i guess then george soros bought us a little time because early june remember he said we are just a few weeks into a three month deadline so when and how does the euro either persist or implode exactly well let's talk to gerald celente who specializes in telling it like it is he's founder of trends research institute publisher of the trends journal and h

in all monty saved close to $300 by shopping online and in stores.hese price savers will also help you tackle that task, first shop the kids' closet. repurpose clothes that still fit and add to that collection. swap the clothes the kids don't need to swap.com or threadup.com. don't leave home without your price comparison apps and be sure to friend or follow your favorite companies to get a heads up on the deals. the school shopping season goes through october which experts say is also a great time to buy jeans on sale. in the meantime tell us about the deals you've found online or in stores. go to our facebook page or share yours with me on twitter at lesli foster. >>> this is 9 news now. >> i didn't expect it to be this bad, but this should be a lesson to have one out there. you know, you can't mess with mother nature. >> you cannot mess with mother nature. as a matter of fact, tonight tropical storm isaac packing plenty of punch. it just sit there creeping along the gulf coast. the pumps in new orleans are working nonstop while the nearby neighbor

monti is seeking to help to curb soaring boring costs he's also praised germany for improving governance in the euro zone but more bailouts may be on the cards spain's leader was waiting for action from europe central bank before deciding whether to ask for help but one of its regions catalonia has meantime run out of money. and i.m.f. inspectors are in portugal to rule if the country has tightened its belt enough to receive more cash in may it was forced into asking for seventy eight billion euros worth of rescue. our deficits targets our target targets will not be achieved and for a very simple reason that the medicine that. we have given to the party is the economy is self-defeating the economy is contracting so there is much less tax collection than what we had before so mainly because of a huge crowd on tax collection the portuguese government is again. and balanced budget which was after all the main point of having the money from the from the troika i think that there is an invasion on part of mainly berlin and barriers to having greece as the sole example of the medicine not work

going to merkel monti they certainly make sure to praise each other when they but key issues such as joint boring for the eurozone and austerity measures remain unresolved so is there really good reason for them to pat each other on the back well i don't think so i think that we haven't really tackled the problem with the euro so we just have a program of austerity for all the different countries to reduce the deficit don't is certainly not an ask is not working. i fling growth which is an even worse problem and we are in the midst of a recession certainly here in spain and very soon in many other european countries so no i don't think so unless we have a clear idea of how to reform the euro now. we are not. talking about reform chancellor merkel is keen to create a more united eurozone so she says she wants to reshape its framework a move away from bailouts is that realistic. well the problem is that. we're not talking here about more european integration in a political sense where we're talking about a country that has lent a lot of money that once to rewrite the rules to make sure

monty francis has a lot of little fans in petaluma tonight. >> that's right. there is a lot of excitement here tonight. petaluma hit a grand slam and they lead texas. they are called beyond the gloryy and fans are following every bit of action with a lot of emotion. the series is happening in pennsylvania and this is petaluma national. the win or go home game. they won on tuesday and if they win against texas, they play for the u.s. championship on saturday. if they win that, they play for the world series title on sunday. we talked to the little leaguer who is experienced the thrill of their friends competing on a national stage. >> you are proud because you say hey, i know those guys on tv. they are in the little league world series. big deal because they are just on a winning streak. >> i'm nervous that they are going to lose, but i want them to win really bad. i want to see them win this thing. >> exciting and how all the kids are hitting home runs and just to win it with some small town. not a lot of people know about it. >> across town, hundreds of peopl

. >> "monti" magazine says that maryland is a nice place to live. in the issue granting the nicest places to live in the united states, the columbia-nella considered regents scores the highest and number eight. others making the cuts include algarve, gaithersburg, and and germantown. apple takes the throne as the most valuable company in history. the company's value surged to more than $620 billion. that happened on monday, beating the long-held records for market capitalization said from microsoft on 1999. the pending much of the newest version of the iphone and ipad is credited for boosting apple's stock. apple has been seen as the world's most valuable company since the end of 2011, with 53% more than exxonmobil. it is no secret that the middle class has struggled the most during the economic downturn, but a recent study suggests that a middle-class residents are among the countries most generous. according to the chronicle of philanthropy, households that earn between $50,000 and $75,000 a year it donated more than 7% of discretionary income to

overcome the old ways of doing things in italy, and it is another headache for prime minister mariio monti. >> in corporate news, a blockbuster quarter for toyota. the japanese carmaker's shares skyrocketed by 250%. >> good news for toyota, which has been recovering from japan's earthquake and tsunami last year. over 14 million vehicles were also be called over the last three years. >> toyota has won back the affection of the world's drivers. second quarter profits came in well above expectations. >> we saw a sharp increase in all regions. it was a rebound from the previous year's supply shortage caused by the earthquake and tsunami in japan. in japan especially, the rebound was significant from the previous year's plunge in sales. >> toyota slipped -- trio up sold almost 5 million vehicles. general motors is falling in position two. and no. 3 -- germany's volkswagen is close behind with almost 4.5 million vehicles sold. toyota has raised its sales forecast to almost 10 million vehicles. >> 14 people have died and dozens are facing quarantine as uganda faces another outbreak of ebola virus

closing ceremony gets underway at 8:30 some of the performers include -- there will alwaso be scene from monty python. organi again, you can catch it tonight, 8:30 here on nbc 4. >>> coming up, chad ocho cinco johnson is out of jail. he's charged with head butting his reality star wife. why he says he was the real victim. >>> plus, a new health scare for billy graham. what landed the evangelist in the hospital. the h[ male announcer ] the choice on debt... mitt romney's plan: huge tax cuts for millionaires, tax breaks for oil companies and corporations that ship jobs overseas, adding trillions to the deficit. president obama's plan: a balanced approach that asks the wealthy to pay a little more, eliminates tax breaks for outsourcing and oil subsidies, cuts government spending, and reduces the deficit by four trillion. two plans. your choice. [ obama ] i'm barack obama and i approve this message. >>> traffic alert, the eastbound lanes, the road will be closed from 11:30 tonight until 5:00 tomorrow morning. between the beltway and route 123. crews are doing work on the new silver line. >>> you c

nbc bay area's monty francis is in petaluma now. >> reporter: the town is planning a welcome home parade for the team. the game was incredible. petaluma came so close to playing in the final game. in the end, fell short. a sold out crowd cheered on petaluma national in downtown petaluma where hundreds of fans watched the u.s. championship game on the big screen. among them, the uncle of number 15. he scored a home run. >> it's awesome. it's cool. i couldn't many anymore proud of him. when he hit that home run, i couldn't believe it. totally blew my mind. >> reporter: the crowd had just given up hope in the sixth inning, then they made up for a ten-run deficit pieing tennessee. the game went into a seventh inning and ended with a win for tennessee, 24-17. the fans did not go home hanging their heads. >> to see the kids come back like that, i have never seen anything like it. i'm sorry they lost. i'm just so proud of petaluma national little league. it's memorable. i'll never forget it. the whole community won't, either. >> it was crazy, they played hard. the whole theater was screaming. m

just on that, we saw -- we had some comments out yesterday, andrea, i'm not sure they came from montiut he said if yields go up we risk in italy giving support to anti-euro parties. how much of a risk is that because obviously we know berlusconi will come back on the anti-euro platform. >> in few months in october 2013 there will be a general election here in italy and mario monti is concerned if all the measures and sacrifice that the italian people are doing in toward restore credibility in the public finance have no results because the spread are so high at the end of the day people will start and anger will start to mount versus the european system and the euro itself. this is what berlusconi is looking at but not just berlusconi. there are other new players in the political arena that will have the temptation to ride this wave of discontent of the italian people versus the euro. it will depend basically on what the european central bank and the european union can do in terms of putting, you know, kind of a cap or giving italy the chance to get to results of all the policies that

following talks on the eurozone crisis, mario monti and his spanish counterpart both described the ecbeasures as positive. >> not everyone wants the ecb to intervene and buy those national bonds. i talk to a representative from the frankfurt school of management earlier and asked for his take on mario draghi's pledge today. >> i would say this is a severe step towards high inflationary policy. particularly the policy of starting to monetize government debt is a policy resorted to by failing banana republics. i think the increase in the money supply -- this is what such a policy stands for -- will not solve the underlying problems, will not save the euro, but will cause additional problems, and it will erode people's lifetime savings. i think it is a severe announcement to say that the ecb will buy additional bonds. >> the final decision is due in september. is that a realistic time line? >> the number of countries in the your area which like to see higher inflation in order to get rid of the dead because the electoral -- electorate is not willing or in a position to agree to structural

in petaluma, monty monte francis, bay area news. >> one of the players said, everyone keeps asking usor our autograph. i don't even have an autograph yet. >> he's got to make it up, you know. >>> let's take a look at those temperatures right now. plenty of sunny skies and warm air inland. close to 90 in livermore. also 89 in livermore. we'll take you out live and you can see brilliant blue skies this afternoon. fog is building on the coastline but it's having a tough time move in at the moment. in the next 48 hours we're going to track a rather unusual system developing out in the system of alaska. that's going to drop down and we're not looking at too much major cold air with this. nothing in the way of rainfall. but this will help to increase winds up against the coastline. so that will get our fog machine going as we go throughout tuesday, wednesday, and thursday. that will keep 50s and 60s at the coastline and back for the interior valleys, not any kind of major heat. we'll see the numbers go up into tuesday and wednesday. tropical update, tropical storm isaac, you're traveling th

this is monty the python wowing kids yesterday at the aquarium for the official birthday. the backyardigans provided fun and intertanment. >>> the summer season winding down a bit but the maryland tourism office still in full travel mode. it is launching a new product today for the fall travel season including a new publication of the scenic biways in the state. >>> news time now 4:47. now fromma these are from the curiosity rover that landed on the planet earlier this week. scientists also saying photos reveal gouge marks in the grounds from the rover's rockets during landing. the hope is to learn whether or not life once existed on the fourth rock from the sun. >>> fighting relief from arthritis can be a struggle for many. doctors now are saying a drug out there could be available for prescription to relieve the pain and help you get back some of the healthy function. >> all right charlie. yesterday 89 degrees and it felt more like the low 90s with all the humidity out there. the muggies persist. i'll start you out hour by hour. 6:00, 77 degrees. 9:00, 82. partly cloudy.

. >> i'm monty francis on treasure island where there are new concerns about radioactive contamination and about the cleanup. i'll have the story coming up. >> and the workers here in california who are more likely to live in poverty. >> good evening, everyone, i'm jessica aguirre. >> it's k

monty is live in richmond. >> reporter: that system was supposed to notify 20,000 people in just 20 minutes. instead, it took two to three hours. and now county leaders are to make some changes. within minutes of the august 6th blast fire at the she have ron refinery in richmond, sirens went off. the media put out that same message. but when it came to the emergency telephone notification system -- >> there is an emergency at the chevron refinery. >> reporter: something went wrong. >> the problem is that the telephone system failed again. we've had some history where it has taken longer than it should to make phone calls to affected communities. >> reporter: the supervisor said even before the refinery fire, during other incidents, there were problems with the telephone system calling people outside the affected neighborhoods. >> we're going to do a full review of the existing contractor and ask basically for a new process and open this up for new contractors with new technology because they're clearly not meeting their representations and they failed. >> the company responsible for the cal

one hundred seventy thousand by a car so some way now could be a chance it is prime minister mario monti has put three hundred fifty cal. palaces up to sell to cut the country's deficit is not the first time debt in history is selling off historical property earlier this year many lighthouses only on into small didn't change towns but the first round is facing headwinds many of us is a fear in the collapse of the u. right many have red lines with big financial troubles doubtful place to catch a ride talking about china story that we're going to see how. in the next hour or very good times will see if i could. just a moment here and also you will be speaking to a u.s. presidential candidate the things that america is democracy is possibly an illusion back interest. it is easy to. be easy. to. see.

thing your up it's is prime minister marion monti has but three hundred fifty castles and palaces up for sale to cut the country's deficit this is not the first time the debt ridden is really selling off historical property earlier this year many life houses on the island of sardinia have changed hands with a fresh wound is facing headwinds as many verses are fair the collapse of the year right many have red line is may with big financial. doubles as a doubtful place to park cash. so i could get a palace after all bell. yeah johnny to prince all right all right well few of those around here i'm sure thanks for saying about enough and up and up next all t. talks to us presidential candidate two things that america's democracy is an illusion first though i'll be bring you the headlines stay with us. well with. science technology innovation all the moves developments from around russia we've got the future covered. nuking a fashionable side. radioactive fallout of government betrayal of the government. and claude and claude and claude how can the truth be revealed if there's no official

buying a car still somewhere in europe now is your chance because instantly the prime minister mario monti is putting up around three hundred fifty castles and palaces for sale in order to reduce the country's deficit now this is not the first time that written italy's selling off historical property earlier this year many lighthouses on the island of sardinia also changed hands the fresh round is facing headwinds as many investors are fearing the collapse of the euro and some of readline did leave with big financial troubles as the doubtful place apart. now marina you are listening to this because there are probably some very good deals out there for you well definitely you know i was thinking that the only castle they have built so far is a single tale for hope for thinkers across in the future i have someone describes it well it ain't all right richard thanks very much indeed for this update and cross stock will be coming your way there resort that's after they had lines.

wanted to buy a consul somewhere in europe now could be your charles is in his prime minister mario monti has put up three hundred fifty councils and palaces for sell to cut the country's deficit now this is not the first time debt ridden is lee is selling off historical property earlier this year many lighthouses on the island of sardinia have changed towns but the fresh ground is facing headwinds as many verses are fair in the collapse of the arrived many have red lined islay with big financial troubles at the doubtful place it's a part. of it well we'll be back in about fifteen minutes with more market sorry sounds good thank you kitty. just a moment here on r t we're going to be stepping aside for people of l. and crosstalk. the ability to be. easy to cut. the. elite.

and now have you want to buy a castle some way europe now is your chance it's a prime minister mario monti has put three hundred fifty castles and palaces up to sell to cut the country's deficit now this is not the first time that reason is the is selling off historical property earlier this year many lighthouses on the island of sardinia have changed hands but a fresh wound is facing headwinds as many of us isn't there in the collapse of the year right many have red light it's lay with big financial troubles as a down for a place to park cash. back in about an hour of the closing because of the us and the last markets are ok thank you. i just want to hear not see the headlines out in a special documentary a special report about how the big companies such fault and gas can be ruinous to your health and to your property. emissions free accreditation free clothes for judges free. range month free. free. to tide free. download free broadcast morning video for your media projects and free medio dot r.t. dot com. the. motion would be so much brighter if you knew all about song from phones to.

property you might want to consider a castle somewhere in europe because this is prime minister mario monti has three hundred fifty castles palaces for sell to cut the country's deficit now this is not the first time the debt ridden italy is selling off their. historical property to make a buck or two earlier this year many lights houses on the island of sardinia have changed hands but the fresh ground is facing headwinds as many of us is all fearing the collapse of the year right many have red lights it's a with a big financial trouble a doubtful place to park cash. very nice indeed bell i'd love a palace and i am sure you would assume to sell off the history and heritage is in it but then again it's not about that thanks for that. about nothing absolutely. up next for you lauren that leicester and the capital account first though that's from washington first i'll be bringing you the headlines from the new center here in moscow stay with us. well. it's technology innovation all the developments around russia we've got the future covered. nuclear fireball hides outside the. radioactive fall

i've every wanted to buy a car so somewhere in europe now is your chance as his prime minister mario monti has put up three hundred fifty cars and palaces up for sale to cut the country's deficit this is not the first time debt ridden is it is selling off historical property by earlier this year many lighthouses on the island of sardinia they were sold as well but the fresh ground is facing headwinds as many investors are fearing the collapse of the year right many have a red line display with big financial troubles as a doubtful place to park cap. next hour though i have the weekly roundup of the business yes the end of the week for you than the worst thanks very much indeed for that this is good he says was here in an hour from now in the meantime you'll be talking to us presidential candidate who thinks that america's democracy is an illusion first though our be bringing bringing you the headlines in about three minutes from now. if you're free. education free. free. range free free. free . old free broadcast quality video for your media projects and free medio don don tom. wealthy brit

of buying up a car sold somewhere in europe now is your chance because italy's prime minister mario monti has put up around three hundred fifty castles and palaces for sale to cut the country's deficit now there is this is not the first time the debt ridden country is selling off historical property earlier this year many lighthouses on the island of sardinia also changed hands the fresh round is facing headwinds as many investors are fearing the collapse of the year many of redlined italy with the big financial troubles and doubtful as a doubtful place to park cash of course if you want to buy a car solar power you need the cash to be able to afford that of course money makes the world around and say all right we thanks very much indeed for the sub date and i'll be back shortly was our top story so stay with us. one. hundred of them living here. in forty acres and nineteen ninety three and decided it would be a great place to find the belle the home and retire. there she is. we call it our new neighbor neighbor nine o seven. we have seventy acres here and i can convince them that they ne

afloat germany has praised italy's efforts to reform as the leaders of the two states met in berlin monti is seeking to help curb rome's soaring costs he's also praised germany for improving governance in the eurozone but more bailouts may be on the cards spain's leader is waiting for action from europe central bank before deciding whether to ask for help but one of its regions catalonia has meanwhile run out of money it's seeking five billion euros of rescue cash from madrid a journalist a writer and i spoke to him a little earlier he says the usually prosperous region is suffering the foreigners out of the country's unfair policies. the way in which the space tax system works it goes this way. it is the central government that's collects all the taxes actually ninety five percent of them and then pretty stupid them among the different regions. following the great t.v. as they call it the reach of regions gets less money the poor regions get more money so cuts alone which actually gets back very a small amount of the money it keeps to the central estate and that is why they have these hu

buying and castle somewhere in europe now is pretty much your chance because these prime minister mario monti is putting up around three hundred fifty castles and palaces for sale in order to cover the budget deficit that the country is running now this is not the first time that written italy is selling off historical property earlier this year many lighthouses on the island of sardinia also changed hands the fresh ground is facing headwinds as many of this is fearing the collapse of the euro many have redlined it lead with the big financial troubles as a doubtful place to park cash so my salary can only buy me castles in the sky well i think aspect of the no cost a little to me all right next hour you got katie pilbeam something you've been waiting for for a long time all my life thanks to me three c. later. back in a second here and i see the headlines in a special documentary that i'll tell you about in just a moment. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize ever