politics in spain is... unfortunately, my point of view, too much present in the daily life, in the conversations, on the street. everything that is done in spain is seen through a political perspective. and i don't think that's very good to the people. because the people really want something else, which is to have time to relax, enjoy. we are spaniards, we know who we are. we want to have fun and have a good meal and speak with the friends. but last 15 years i think everything so falters on what one says and how the other react from political terms. that it's affecting the people too much i think. >> rose: there a story about spain you want to tell? >> i'm producing a documentary about the sahara, the western sahara. which is a colony from spain and when franco died, spain retreated, the troops, and left the colony alone by themselves and then the moroccan government the moroccan soldiers took that colony of ours and laid themselves there and say it's from morocco. 35 years later, they're forgotten in the

spain 40% of young people without a job. what is it going the take to get job creation in that group and broadly speaking, what do you think it's going to take to get jobs once again back on board? >> there are things we can do about it in a policy sense. the first order thing would be to limit the policy uncertainty that is weighing over business people. and the second is if the congress wants to do something in the near term, things to stimulate investment or to promote payrolls would be the right answer. but we're not doing that. >> yeah. well, president obama's deficit commission of course delivering its report this week, touching many third rails of american politics -- raising the retirement age, raising some taxes, cutting defense spending do. you think some of this will actually happen? do you think it has entered the national conversation? something's got to give, right? >> well, i do think that the deficit commission report is really important in the national conversation. i don't agree with all of it. but as a mar

spain is going to need that to raise next year just for the regions within spain, the local got to the and on top of that $120 billion just for the banks. we're talking close to $400 billion which spain needs to see itself through next year. and that's a big worry to raise that kind of money on the international market. i just had a quick look 5.56%. >> so all this coming just before the those meet in brussels for their summit where the bailout funds and scare of it. >> and there's a lot of criticism that the euro zone officials are handling this debt crisis by patch work if you will and that they need one big solution to this and that there's big talk and the german opposition party are talking about that germany should support this pan european bond. not individual government bonds but one euro zone bond. more on the world business report in about 20 minutes time. >> thank you. >> now some senior kenyan politicians are to find out shortly if they'll face prosecution before the international criminal court. after more than 1,200 people were left dead. it was agreed that the perpetrato

my editor in spain, a guy who i will call markets, gave the idea that spain was the place to reporting and he did over a ledge in which he was smoking, they do have a pack of cigarettes. three glasses of wine, plates of appetizers followed by enormous dinners, lots of ham. and while he was smoking and chugging and eating his hand and drink his wine, he says, ted, i think you are onto something. because here in spain our damned mediterranean diet just won't let us die. [laughter] >> of course i want him to live forever. and then i was looking at his plate and his ashtray and his wine glass, and i thought that's a good way to live forever. and it turns out that this mediterranean diet, although we all think of it as a certain thing, lots of vegetables, no animal fat, like portions can eating moderately throughout the day, that that, that life-prolonging. but if you look closely at the spanish diet, the fat content is huge. the spanish eat more ham than anyone else in the world by far except with one exception of the danes who are also very long lived. and yet they still live in this very

stress our savior who is in spain for us and hello to you both helen i'll start with you you're in. in the middle of what appears to be tens of thousands of protesters there it's the middle of a twenty four hour national strike organized by trade unions tell us what's happening now where you are. well today strike is the seventh general strike this year following tough reforms needed to receive this one hundred billion euro i.m.f. bailout loan now police have said that there were about fifteen thousand people taking place in the march protesters started fire fires at the finance ministry and luxury hotels in seems like a mosque where outside the parliament building. the protesters attacked former conservative minister course these evacuees they punched him they kicked him and they were shouting that they were going to beat all of them up i assume they mean the politicians now there are reports in the news there are problems there is rioting going on outside the polytechnic university in central la. there was. reports of violence in athens we're also seeing footage there of certainly

that is not acceptable. >> if ireland is wobbly, then portugal and spain could be next. >> spain is facing a shrinking economy and an unemployment rate of more than 20%. investors are concerned about spain's and portugal's ability to pay their debts. thatu is why those countries are being sent -- charged so much to borrow money. some worry that the 750 billion euro bailout is not enough. >> we should think really big. we should offer much higher guarantees. that would be a way to convince the markets that we really mean it, and that they should stop testing our limits. >> that would accelerate the rate of indebtedness in europe and drag the whole of europe into a crisis. >> should state's stepped-up intervention or should the market be allowed to determine the fate of the single currency, and who will be left paying the bill? the search for answers has begun, but it is unclear whether the summit in brussels will come up with a solution. >> still, lots of questions opened, but to get some answers, we are joined by our brussels correspondent. we just heard in that last report, there supposed

is going to most likely going to be the next big topic either spain or. portugal in spain the unemployment rates are right now around twenty percent which is the future which puts a huge pressure to the finances in spain in the depths rises just getting bigger and bigger if portugal falls which is on the lip of everybody here in strasburg that will be a disaster strikes the spanish economy because those those two countries are interlinked so severely in economical terms so when i don't know whether portugal or spain falls first but when the one falls the other one will do as well. he is coming to you live from moscow now let's get to some other world news this hour and a suicide attack. military bases in two afghan cities leaving thirteen members of the security forces dead in the northern city of those shoot up again when gunmen stormed an army recruitment center and army brass outside another recruitment center the main one in the country and ambushed in a separate incident on the outskirts of kabul the taliban has claimed responsibility for the attacks

spain's. european parliament morten messerschmidt spoke to all say about how the price is proving the you richard ben-veniste the euro as a construction has created this problem because it has destroyed the southern europeans countries are competitiveness and the bailout now is just prolonging and thereby crew creating an even bigger problem because the dept will just grow and grow and you see now the eurozone is reacting to it desperately introducing the suggestion on the euro bonds of course we need to be solidarity in the european union but we also need to be economically realistic and the realism of the euro zone is that it doesn't work it hasn't been working for for years and there are at least several non harmonious regions within the euro which makes it impossible to maintain a common currency so i think that the even the strongest federalist will have to either recognize that we need to have one hundred percent of governance from brussels and since the europeans don't want to have to g

ratings agency placed spain's debt on review for a potential downgrade. the move fanned an already smoldering fire in the eurozone, which is in the midst of bailing out ireland's banks and coping with unrest in greece, france and belgium. as a result of mounting financial troubles across the pond, some experts say u.s. investors should make sure portfolios have little exposure to europe. international strategist paul christopher says sell those holdings into any rally. >> the problems in the eurozone are structural. we don't see any prospect of any solution any time soon. the solutions would have to start from the political side, and there's just not real prospect of that at this juncture. >> reporter: some experts say germany is the one exception to europe's no-buy zone. as the region's strongest economy and most efficient producer, germany is benefiting from its neighbors missteps. >> when the euro gets pushed down, it automatically makes german prices look more attractive to foreign buyers, so it serves to really give the german economy a boost just wh

euros to help grace billions were sent to ireland to bail it out of its financial debt people say that spain and italy may be the weak legs but countries like france and germany are still optimistic what is their optimism based on why are they still advocating the euro and the euro zone. the french finance minister madame christine. the long and stock exchange says france will be next on the list of bond investors when they're finished with portugal and spain but despite claims france's deficit is higher than anyone realizes many experts say paris has nothing to worry about for now the figures are hopeful the country's deficit is about seven percent which is to be lowered to just three percent in a couple years. with such positive dynamics no wonder french finance minister christine legarde was named one of the best in the european union. thank you very much for being with us on the show and welcome to moscow. i know you had a chat with with finance minister could. the what were the first things you talk about. problems or some nice things he told me how nice it was to see me yet again. and

topic either spain or portugal in spain the unemployment rates are right now around twenty percent which is the future which puts a huge pressure to the finances in spain and the depths rises just getting bigger and bigger if portugal falls which it is on the lips of everybody here in strasburg that will be a disaster strikes the spanish economy because those two countries are interlinked so severely in economic terms so when i don't know whether portugal or spain falls first but when the one falls the other one will do as well. well the back to our top story number the roots where opposition supporters of staging a rally to protest against what they say was a rigged presidential election that's no i talked to all of these cartridges are of a who's a lawyer in the capital of minsk now only a country the police use stun grenades we believe to disperse demonstrators heading towards where you are in here only but if you are here and president i come back i know it's a phrasing cold here in the belorussian capital minsk thousands of people have come out to protest what they believe was a fal

based journalist and author who was in spain explain what's caused the. well today's strike is the seventh general strike this year following tough reforms needed to receive this one hundred billion euro i.m.f. bailout loan now police have said that there were about fifteen thousand people taking place in the march protesters started fire fires at the finance ministry and luxury hotels inside that mosque where outside the parliament building. the protesters attacked former conservative minister course these evacuees they punched him they kicked him and they were shouting that they're going to be all of them i assume they mean the politicians now there are reports in the news there are problems there is rioting going on outside the polytechnic university in central athens so let's turn over to you know spain also braced for a strike now receive some financial news give us the details on that if you will spain with the largest economies and be a european union has been hearing reports that moody's rating agency may downgrade the country's ratings of course

completely unpredictable the british press however believes that russia's bid and the joint one of spain portugal are favored to win the russian delegation hopes it will be able to impress the fee for executive committee just as russia's olympic bid team did in guatemala to win the winter games for sochi. russia. reporting from moscow. well there's been a lot of attention given to russia the russian bear especially from the british press now one of the main questions coming from them is whether prime minister vladimir putin is coming well now he said that he will be staying home and he's also made comments on the media allegations of corruption in a fever and now joining us in the discussion is r.t. sports presenter andrew farmer no andrew what do you what impact do you think it will have on russia's bid well it sounds like bad news doesn't it that mr putin is decided to stay home but actually could be a p.r. masterstroke because he's actually sounding very sympathetic towards fee for in the executive committee saying he's staying at home because he doesn't want to put pressure on them h

is going to most likely going to be the next big topic either spain or portugal in spain the unemployment rates are right now around twenty percent which is the future which puts a huge pressure to the finances in spain in the depths rises just getting bigger and bigger if portugal falls which it is on the lips of everybody here in strasbourg that it will be a disaster strikes the spanish economy because those those two countries are interlinked so severely in economical terms so when i don't know whether portugal spain falls first but when the one falls the other one will do as well. live from moscow this is r.t. still ahead for you this hour a bombshell for some but no surprise others a council of europe backs are further probe to follow it's dropped a full length cause opposed prime minister to a drug and organ trafficking also. the u.s. marmie is not a liberating force it is not a nation building for some it is a destructive force the u.s. president declares the campaign in afghanistan is on track but a growing number of americans say the conflict wastes of lives and wastes money. sec

be also portugal and spain or spain and portugal then we have hot russia and the mother of football england. sick of that agenda as announced. at that have taken this nation the executive committee the elective college in. twenty one members and the president we have to take them to the station and now i would like to know what this is a decision for the twenty eighteen. i could speak more and more but i have to announce it this is the public notary. of the city of zurich he gives me the un below. ladies and gentlemen i do hold. that. the name of the winner is on both sides because i don't know. so the twenty eighteen feet both twenty eighteen feet for both ladies and gentlemen will be organized in however. i. welcome see. the ladies of russia to join the presidents and looked across the country doing all of these a delegation of russia to join the league to join us on the stage. i. have. it because. it's. the right thing. and over the trophy. because deputy prime minister you go through a lot. and say if you were does. the secretary general of. the sending over the certification. of the mo

several airports across spain, including madrid, were forced to close after control staff called in sick as part of the working conditions. tens of thousands of travelers are stranded. >> civilian passenger jets about to be under military control. for tens of thousands of spaniards, it should be the starred of a public holiday weekend but after air traffic trollers refused to turn up for work, flights have been canceled and travelers left stranded. this passenger waiting to leave majorca said there's little to to besides hang in there and bury it. >> we have no idea, just found out. we've been told after 1:00, they can't tell us anything. and if they feel like -- if they feel like working at 1:00, then maybe we'll fly. but we have no idea if we should stay, if we should go or -- >> the spanish government is taking the unprecedented step of obtaining a royal decree, aliouing the military to take control of air traffic in an emergency. the prime minister has set the defense ministry to exercise the control, the direction of general air traffic throughout the national territory until there

at this time spain was one ofe the three major powers in the an world, and spain had recently declared war on britain.st the united states hoped thatpeds unain would ally itself with the united states and provide inancial and other assistance. asain did provide a certain modest amount of financial assistance, but an alliance wasa out ofs the question. the spanish king was not thed st world's smartest man.with h he spent most of his time outdid with his dog something. oul he did understand that you couln not recognize a bunch oftting american revolutionaries withou putting your own american colonies of risk. from spain jay went to france where along with john adams and benjamin franklin he negotiatedn the treaty that ended the revolutionary war that defines nte boundaries of the unitedra hinges and guaranteed our fishing and other rights. some frenchmen at a dinner party complemented john adams calling him. [inaudible] of the negotiation. getting home that night and recording the event in his diar, adams said that it was, indeed,r o.j. who reserve this title for drafngle that he had pla

. >> charlie: so when you look at spain today, how bad a shape is spain. >> they're not in good shapeut i don't think the spanish situation is as bad as many say. >> charlie: even though media just announced -- >> i can't call on the rating agencies because i'm not a rating agency for rating agencies. well the situation is not good. nobody will tell you that it's good. but the problem in the banking sector is limited to small number of banks. the big banks are safe and so i thinkÑi it's manageable. it's manageable. i would say it's a problem which is close. we're talking about fiscal deficit, the banking sector. all this would appear to focus. the real question is what's the engine for growth in the coming ten years. >> charlie: how did you it could be boosted on. one hand on the democracy side. the only place in the world where it's going to decrease and that's not something which will boost growth. on the other hand they need to have some sort of reforms making the economy more innovative and this has been safe for years not only by the imf but other institutions too. and they move

if spain went down remember that the debt they've got is about seven times the size of our law and so we'd be talking there about three hundred fifty billion euros and italy bigger still and so you get to a point where there is no more bailout money where the euro in its current form would cease to exist i don't know whether that will happen in the next few weeks but it remains a real possibility ok but in fairness the european commission president said on sunday that the eurozone isn't to blame for greece and ireland problems and welling's would have been much worse without the euro isn't there some truth in that there is not a single piece of evidence for those claims by barroso or the room point whatsoever listen when arlen joined the euro there were people like me saying there was no benefit for the country as most of their overseas trade was denominated in sterling or dollars anyway and to join the euro they would have to have artificially low interest rates and for the first seven or eight years of their membership of the euro irish rates were three to four percent lower than th

spain just true three weeks ago and a lot of radio shows over in spain there's swathes of swathes of council not so it's not council housing estates with brand new houses in apartments completely empty just like in ireland they're never going to be. occupied property boom fueled by a reckless lending again i believe that they'll crash i think we need you when the euro begins to crash then you have to ask yourself can the your oh so when the euro collapses cammy you survive as well and as you say you brought across europe i mean you know in germany there are people protesting they don't want to bail out these countries that they've had a sensible banking system and the great irony was in brussels one two months ago in brussels over discussing the budget they were discussing the hospitality budget they put it up to two point one million pounds meanwhile one hundred thousand europeans are on the streets all different languages order from nationalities protesting about the austerity cuts one hundred thousand people inside there were basically voted to increase their budget for oysters an

is going to is most likely going to be the next big topic either spain or portugal and spain the unemployment rates are right now around twenty percent which is a huge which puts a huge pressure to the financial. strain. prices just getting bigger and bigger is portugal falls which is on the lip of everybody here in strasburg that will be a disaster strikes the spanish economy because those those two countries are interlinked so severely in economical terms so when i don't know whether portugal or spain falls first but when the one falls the other one will do as well. let's now have a look at some other stories from around the world eighteen people have been killed and twenty more wounded into attacks in afghanistan saw taliban militants stormed an army recruiting center in the northern city of can do is with two of them detonated a suicide vest the ensuing firefight lasted five hours local officials said in the second attack militants ambushed in the grass carrying on their fish oils to the center of kabul the taliban has claimed responsibility for the tides. at least twenty seven people hav

cold air also getting into spain and portugal. so dealing with a lot of cold rain too. then as for central and eastern europe, it looks like there will be more snow on the way for germany, the czech republic and poland. coming in at minus 10 for berlin. minus 18 in moscow. so very frigid conditions will continue for you. all right. here is your extended forecast. ♪ ♪ ♪ ♪ >>> here's another look at today's headlines. south korea says it will carry out additional firing drills for a one-week period beginning december 6th. the south is preparing itself for possible further provocations by the north after last week's shelling of yeonpyeong island that left four south koreans dead. the south korean military announced on tuesday the exercises will be conducted at 29 locations across the country, including yeonpyeong island. the south korean military says it plans to stay on the highest alert for the time being. south korea and the united states began a four-day military drill in the yellow sea following the exchange of fire on november 23rd. on wednesday, the final day of the

course it could yes i mean spain's a big economy italy's even bigger what we have here is we have the bond markets sending us warning signals i mean think of them as the canary in the mine shaft if you like. i'm not saying that the bailout crisis will extend to those big countries but it just could and certainly if spain went down remember that the debt they've got is about seven times the size of our land so we'd be talking there about three hundred fifty billion euros and italy bigger still and so you get to a point where there is no more bailout money where the euro in its current form would cease to exist i don't know whether that will happen in the next few weeks but it remains a real possibility and of course there are also fears about portugal it's thought that portugal's under pressure to ask for assistance and an irish minister says that dublin was forced to take bailout so is there a clash here between political pride in the cold economics of the european central bank. well i don't know i mean the cold economics of the european union's response to the banking crisis since tw

also braced for strikes now receive some financial news because the details on that if you will spain with the largest economies in the european union has been hearing reports that moody's rating agency may downgrade the country's ratings of course for such a big economy this really has been sending jitters down in the soft markets all over the world how to address these as such fears the spanish government did impose a new austerity measures just last week the third of december and included in these new measures are cutbacks in key jobless benefits and this has really hurt the local people they really protested against this because on that day when it was announced air traffic controllers are staging massive walkout and this has resulted in the closing down of airports in spain so this is just the beginning of the massive protest stage for saturdays they are planning to stage it on saturday the eighteenth is expected to be massive these you in measures are in addition to the fifteen billion euros thirty measure already passed in may of this year as well as talks that the country will

spain's jobless rate is the eu's highest a 20% the changes in spain helped boost stock market sharesn the spanish bank's went ahead 8% on wednesday. strong economic news from the u.s., including an improvement in the private sector job creation, gives dogs in your their biggest one-day lived in three months. investors also enjoyed a rally on wall street. we talked about the positive moves at the new york stock exchange. >> 93,000 jobs created in the private sector in the month of november. that was the biggest increase in three years. and it is still not enough to really get the high employment rate down, but it is a step in the right direction. and for the past 10 months, we had consecutive job growth in the private sector. so some good news from that area on friday. on friday, by the way, we will get the big job data that will be published by the labor department. >> what else is pushing stocks higher on this wednesday? >> the euro. we saw the euro under heavy pressure for the month of november, roughly dropping a good 8%. and now, on the first trading day of december, we see a lit