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tv   [untitled]    September 29, 2010 12:00pm-12:30pm EDT

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countries are raising the retirement age and slashing pensions and they also talk about slashing jobs the jobs in the public sector say that's what they're trying to prevent and that's all in an effort to reduce these debts that these countries have run up restore budget discipline and of course to market confidence in the euro but this comes a certain respect that economists say that it's time to get rid of the euro it's time to go back and let countries like the pigs go back to managing their own finances and drop out of the. german economist told me let's just listen to that if we allow those countries to set their own economic policy again and to be sovereign in their currencies we would do europe a service we're doing europe a disservice by having this artificial currency imposed on it it can only lead to political tensions like in greece where the greece population greek population now has to suffer the taxpayers germany has to suffer the only ones that didn't suffer in greece were the banks because they were fully rescued so that's to me is
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a deal that is not quiet equitable all over europe really we've seen quite extraordinary scenes from spain as well where there's been a general strike clad and this is the first general strike in spain since two thousand and two and it mocks the split really between the unions and the socialist government which is always been quite cozy previously and that's because they now has an unemployment rate of twenty percent we seem transport workers go out on strike so nobody can get to work they're just wasting aimlessly at bus stops in the metro. going out on strike for new rubbish has been collected nearly one hundred percent of steel workers have no doubt and the call industry in spain is almost ground to a halt in dublin there's been a demonstration there is a demonstration going on now and that's been particularly timed to coincide with the members of the irish parliament coming back from their summer recess to start work again economic figures from ireland really are. last week really terrible it
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looks like ireland is certainly going the way of greece someone drove a truck into the irish parliament building in dublin earlier today in anger there are also protests going on in portugal in italy latvia lithuania cyprus serbia rumania poland and france a this is really a europe wide day of action of course that biggest march taking place in brussels. and for more reaction on this i'm joined live from london by david campbell bannerman a member of the european parliament from the u.k. independence party good to have you with us so do you think these huge protests have any chance of actually affecting e.u. policy in a strong austerity measures. i don't think they will to be honest i think the measures are inevitable it's very important there's a vicious circle here and it's all really due to the euro they've got to card back otherwise the ratings agencies will make the cost of borrowing for national
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governments often debt so expensive that they will be able to afford it and then there'll be a real crisis. many european countries are suffering from crippling debts is there any way that they can avoid heavy cuts to public spending. i don't think they can because if you look at all and eventually all and earlier they've actually had. they been cutting back about twenty percent ministerial salaries people you know sweepers for example they've done the right kind of things but the trouble is it's still not solve the problem and they could lose their credit rating it all comes down to these credit ratings or so often that is marked down it's far more expensive to borrow and that's just borrowed it succeeded in more money just recently however it's much more expensive to borrow for them than say germany within the same eurozone and that is the major problem is the euro so do you think the situation is a threat to the existence of the euro or even the european union itself yes i i
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think it is i think the euro is teetering on the edge this is a manifestation of it this is a massive problem and you can throw hundreds of billions at it as they're trying to do but it's beyond that now i mean the real underlying problem is you're trying to force together all these different types of column is some of the doing very well others are very weak and you cannot force them together under one common currency called the euro the euro's the problem so looking back on how effective do you feel the european union has been so far in dealing with the crisis perhaps you can maybe give it a letter grade would you say it's a b. or c. plus what do you think. i think i mean they've done a really given credit they tried to shore up the euro but it's just unsustainable this as a say you know they're throwing hundreds of billions of euros out to it and the germans of paying through the nose and you know the majority of germans now want to
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leave the euro and that's conceivable that we recreate all the national currency is all certain strong currencies leave all the weak currency is the one or the other all right david campbell better man i mean for the u.k. independence party thanks for your perspective thank you very much. fifteen suspected militants have been killed in two separate counterterrorism operations in russia's southern republic of dagestan there are no reported casualties among the police the operation is the biggest success for security forces in dagestan over the past month relatives of the militants were asked to persuade them to surrender but the insurgents retaliated by opening fire last week in the region a suicide bomber blew himself up taking with him up to two police men and wounding dozens of civilians. dagestan the neighboring republic of english as he is facing a similar battle with insurgents president unisa back you have quit all of says counterterrorist operations are vital to the survival of the southern regions. we
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know. we don't want to brutally murder to punish anyone as a warning to others we just want to deal with these terrorist disease or perhaps we don't have written permission from the terrorist patient we're treating but for now we don't have any other choice. is the central asian nation of kyrgyzstan is gearing up for parliamentary elections the vote follows months of political uncertainty and ethnic violence in april care to stand was rocked by deadly riots in the capital bishkek that left dozens dead and led to the ousting of the president back here in june ethnic clashes in the south of the country to two thousand people dead and about one hundred thousand people displaced the all action will be held on october tenth and more than two dozen parties are taking part in the race parties or in evolution reports on one of the faithful. as the clock ticks towards the kristen elections the country holds its breath will the polls bring stability or plunge the country into another round of violence and chaos meet felix
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school of the country's former prime minister who could be next to lead the country following the controversial rains all this kind of cause and could not get becky if coffee is one of the few figures who have not been tarnished in the last fifteen or twenty years so if he has a pretty hard moral stand cubist population and here is a good chance for us all we need in the next parliamentary elections who have has a different times been the national security general the regional governor and mayor of the capital bishkek but what he's most renowned and praised for in his home country is an ability to handle crisis situations. in two thousand and five there was total mass marauders in the capital police and national security had all running away at that point that's when call of his friends revolutionaries ask him to take matters into his own hands and in three days he restored. but also has a reputation for being difficult. he was
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a close ally of both presidents at the beginning of their terms and soon fell out of favor with both of them finding himself in opposition and twice in prison. that there can never be two or three powerful figures at the top of the curious politics pool of has always been a very powerful person and a key of and a kind of have both felt that he could be the person to sweep them from their post and take power into his hands some predict school of the party are numberless which translates as dignity is in a strong position he had cool of will have to run against a multitude of other parties all of whom also fancy their chances of challenging him the problem is that it's very difficult to create a democratic country in central asia kyrgyzstan is the most democratic country in central asia unfortunately this is a very immature democracy and sometimes it leads to some very bad results right now
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what kyrgyzstan needs is not a democracy of european type i don't think it's possible in kyrgyzstan what it needs is stability and suspicion of violence whoever wins the election this is a crucial decision for kurdistan country that's been to the brink it in a go archie. stay with us here on our t.v. still ahead the land is not for sale that's the message for many indian farmers who are protesting and dying to protect their only source of income all the details coming up on our t.v. . turning now to some other stories making headlines across the globe the youngest son of the north korean leader has been appointed second in command of the country's central military commission this comes a day after kim jong il was also made a four star general the moves are being viewed as a gradual transfer of power due to the ailing health of his father kim jong il u.s. white house spokesman called the developments the ultimate reality show. and
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western intelligence agencies say they have foiled an al qaida plot to carry out terrorist raids on several european cities it's reported teams of jihad is were planning attacks similar to the siege of two hotels in mumbai two years ago the plot was reportedly disrupted by drone attacks on targets in pakistan and afghanistan france germany and the u.k. are on a heightened state of alert the eiffel tower was evacuated for the second time in a week on tuesday because of a terror threat. and colombian officials say up to thirty people have been buried by a landslide in the northwest of the country many of the victims were changing from one bus on a mountain road at the time and urgency workers say it could take several days to recover their bodies this comes as heavy rains devastate parts of the country triggering widespread flooding and mudslides. the operation to rescue thirty three miners trapped underground in chile is advancing quicker than expected they could be freed by mid october if all goes according to plan though the government still
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predicts november three drills are trying to open up a whole wide enough to pull the men out one of the time they've been stuck some seven hundred meters below the surface since an august cave in. and pirates have struck again this time seizing a panama flag cargo ship with a crew of fifteen indians off the. of tanzania the cargo vessel was heading to south africa it's the third incident in four days off the african coast there's been a sharp increase in piracy with at least sixteen ships currently being held by hijackers . finally in this news block we turn to india where thousands of farmers say they're willing to fight to the death to stop the government building a motorway through their land while some fear losing their livelihood others argue the real consequence will be a full blown food crisis artie's charan singh reports. indian farmers took to the capital recently in protest against a government takeover of their land to build a new two billion dollar highway this followed the deaths of three farmers who were
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killed after police opened fire on protesters in the state of top of this. will not keep learnt for development attorney price at any price at any price we're ready to die and will not allow anyone to step on our learned. these protests have stormed the government efforts to acquire farmland for industrial in india which means developers have been forced to put the roads refineries and power plants on hold the major tenant is the land acquisition if the land acquisition is i mean the projects should not even pick up with order to present and in hand and that is what government is trying to do in case there is you know projects an orchid they offered b. and the land available to you to elaborate on it going to thirty percent then they believe that they never get the bill is going to happen the land is an emotive issue in a country where two thirds of the population is still dependent on agriculture
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fifty five year old page for saying doesn't want to sell out but knows some offers will be hard to turn down he called collapse of my land goes i will lose my livelihood what will i do so i say if you are going to take my form give me a fair price for my land as well as a job. some analysts believe that acquiring prime agricultural land for non agricultural purposes a food crisis in the country on it what was it a there will be no food to eat they aren't giving us good conversation and they're still taking our land without the land will we eat either the government listens to or demands within a month or we will take action. the farmers do have a point after all the government uses a colonial law to pay tiny amounts of compensation to farmers to buy their land for development projects the government plans to update this law by the end of the year to get indian market prices for farmers but until it does vital infrastructure
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projects remain in limbo something is your third largest economy can ill afford got and seeing r.t. new delhi. the ousted mayor of moscow says he won't make any legal challenge to the to the decision to sack him but will continue to take part in political life it follows reports that junie luzhkov was considering appealing the decision of the russian supreme court he was fired on tuesday by president medvedev who said he lost confidence and the man who'd been in charge of the city for almost two decades parties a group is going to have has more. moscow's ex mayor is planning to stay active in russia's politics just previously he officially went off the united russia party and also filed a letter to the party well first of all officially xining and secondly complaining about what he called was a strong media campaign against him in the past few weeks and when we talk about i have to say he really is quite a controversial figure since this man stayed in power for eighteen years that is
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quite a lot of time that's why his sacking caused quite a mixed reaction among many people support for his policies on since the average pension in moscow is higher than in other russian cities a lot of people said it was because of. course that moscow received a new modern look however there are also many of those who accuse you of failing to resolve the traffic problem in the city of failing to protect many buildings and memorials which were of a heritage not only to the city but to be entire nation and were destroyed. and also there is quite a lot of speculation around. who is thought to be russia's richest and most successful businesswoman and many people do see that it was because of the demeanor of moscow that she managed to become so successful at the
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moment with the city is controlled by a former team until a new man is appointed and until a new government is put together under the deal law the united russia party which holds the majority of seats in the russian parliament has two weeks to file at least three names to the president to pick one candidacy out of the post. and then after he will pick one out he will submit this name to the city. hall and to finally vote on. well and she was the new head of the city none of these names have been else at the moment however analysts do say that we will find them out in the near future and moscow should receive the new head of the city as soon as possible even within the next two weeks or so r.t. as they are reporting on the details on the sacking of moscow's mare the former leader of the u.s.s.r. macau gorbachev says he gradually lost credibility over time though he believes he
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made a strong start in the possession he will do in the first years of schools term as mayor and those were the most critical years when industry collapsed in the situation in the cities across russia was terrible he did a lot for moscow here exercise firm control over moscow's resources in distributed them in the right way he supported all people women children and war veterans in those years i myself used to say that moscow was lucky to have such a mayor as good as your real a school of time past and law school started to change these he had a billionaire wife by his side the authorities began to look more attentively at private activities questions arose whether the mayor had room to wall to tackle problems a lot of things have now come to light it turned out that funds allocated for the reconstruction and expansion of my school streets are roots were invested in some enterprises from which someone received a huge profit sanctions in recent years have been far from good they've discredited
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his past achievements. stephanie money joins us next with all the leaders from the world of business stay with us here on r.t. . hello and welcome to the business bulletin russia's major gas producer gazprom will start the construction of a new gas pipeline to china next year gazprom deputy c.e.o. said the two sides move closer to an agreement on the basic price during president medvedev some recent state visit to china they also agreed on new terms for gas shipments to china including the route gas quality and the final point of the pipeline earlier this week gas from agreed to supply thirteen billion cubic meters of gas annually to china over thirty years so i think from twenty eight fifteen. now while europe is facing a multi-year slog out of the economic crisis emerging markets are attracting more
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investor attention but will they be able to grow in the event of a sharp slowdown in the developed economies but tell you how clover reports in the months leading up to the summer holiday season europe was gripped by fear that it would be overwhelmed by do that there was much talk of greece rial and really spain defaulting on their bonds this opened up the bleak scenario of the euro zone collapsing and dragging down the world economy just as it was recovering from recession but a bailout package and of first started to focus their attention on the other big problem the precarious state of the u.s. economy over the summer what happened was that the markets started to focus very much on the concerns of a double digit in the u.s. and the fact that actually german growth was coming through very strongly and actually they were quite slow to realize that the sovereign crisis in the euro zone had never actually gone away spreads were actually rising over the summer particularly in august when we had all the concerns coming through about the cost
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of resolving the financial sector crisis it all and and i think. in a situation where the markets realize this isn't a one year problem it's a multi-year problem while europe is busy cutting its way out of crisis much to the displeasure of public sector workers and the data from the u.s. is anything but comforting investors are looking for the next growth areas top of that list appears to be the bric countries brazil russia india and china but other strong enough to perform well if the developed nations start going into reverse again at least one analyst thinks not if indeed there is a second wave the second in the us so europe markets will not be able to sustain that growth why do was say that is that because of a large share of trade and capital flows still a lengths to u.s. and europe and therefore you know that in so regional trade in the merger markets are still very small and therefore the demand in the u.s. or europe tanks completely then the emerging markets will no longer be able to
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export their big chunk of their goods will see a freeze up on the in the trade exchange and therefore slow down and growth in short the emerging economies do not have the consumer to decouple they will not make it alone but given a move more outlook whether you are some europe can sustain some growth in the emerging markets looks to outperform this is clearly what many investors are expecting and is likely to be reflected by money flowing towards the new markets. business r.t. . the russian active markets finished up in what will stay with the r.t.s. and then my six closing more than half a percent in the black box that the my six harvard by county two feet finishing around one percent higher energy majors also some support apart from down one percent at. russia's top silver mine a poly metal has reported a five fold rise in first half net profit to ninety five million dollars the
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company benefited from higher prices for. methyl and increased sales volumes but the results fell below analysts for costs and shares in party metal were down around five percent on the my six. russia's national ally an ara float is to start its own budget carrier its part of the company's fifteen year development strategy it concentrates on increasing its domestic business while cutting the number of international flights are afloat to set itself a target of quadrupling passenger revenues by twenty twenty five. ten k. b.p. and petro vietnam have signed a contract on expiry blends crude deliveries so sing from november to cave b.p. will supply at least one hundred thousand tons of oil each month to vietnam vietnam has also offered to pay b.p. to set up a party joint venture it will include a three and a half billion dollar oil refinery in vietnam and some of russia's oil fields b.p.
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says it's considering buying new fields in vietnam as it looks to expand its operations outside russia. it opens a new partnership with one of the. most dynamic you're going to use of the east is that you are the core of the. goals of vietnam is one of the most dynamic economies in the somebody feels you preferred this it be the most to call it ever going to get to ten percent of your supermarkets with its filesystem to. the outside. i'm not sure update for now but of course you can always find the stories if you log on to our web site that's called let's flash.
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wealthy british scientists and it's time to rise. of the. markets why not. find out what's really happening to the global economy because the reports on.
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the news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations are old today. the whole of.
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from. his the. the show would have turned. over to slim hotel resort evergreen the rules were told to leave the victoria hotel luria prince who. springs resort and spa hotel royal she plans to go to. the evergreen closer in time to tell you the london hotel telling us at the time the hotel full points and how would prince has to discipline the entire windsor who tell me tonight your group the photo guru goes how would international. every green
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little her till. eight thirty pm in moscow good to have you with us here on our t.v. easier headlines thousands of europeans gather in brussels demonstrating against government austerity measures that slashing jobs and pensions spain's been paralyzed by a general strike and at least twelve other eurozone nations have been gripped by protests and clashes with police. moscow's deposed mayor says he won't appeal in court against his fourth resignation. says he'll be staying in politics despite falling out of favor with the russian president. plus kyrgyzstan gears up for parliamentary elections and simmering fears of more violence in a country yet to fully recover from deadly ethnic clashes this summer former prime
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minister felix cool office among the favorites to lead the nation. the nato summit in lisbon in november will focus on the alliances course of the twenty first century from afghanistan and missile defense to improving relations with russia r.t. spoke to former nato boss george robertson about how he sees the future it's coming your way next here are five. thank you very much for joining us now i'll begin with a general question on wars recently we've been witnessing a lot of guerrilla warfare style where we have poorly trained and you have. armed militants causing a lot of problems that is nato ready to respond to such threats and in what way all of us have to adapt to the changing nature of conflict you know one of two of the berlin wall came down and the cold war was over the number of conflicts in the world when he pursued.


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