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tv   [untitled]    June 18, 2011 9:01am-9:31am EDT

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very simply. part of the euro right now took on the street seem to have a wide range of opinions on the euro but their country's doorstep europe's economy is worse now turkey says improving turkey is improving in all fields but europe is going backwards so we don't need them. to fish people are using the year as an investment to earn money here is a more reliable and turkish money because people don't want to save their money in the euro. few invest in euros you get more than euros also stronger than dollars having said that i don't want to risk investing. but academics analyzing public opinion have found a common logic in decisions about the euro people polled don't care about wider economics but about their own personal finances. economy is actually beyond the important factors that make euro skeptic or euro fire the public opinion analysts are keen to point out that further economic integration into europe
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doesn't just mean money and that people shouldn't only think about their pocketbook economics they have to take into account the freedom of movement of labor the freedom of service you know service these are all integrated any other so it's not only you know exchange of money or turks living. here all one thing everyone does agree on is the mess the eurozone is in whereas turkey's economy grew nine percent last year and over ten percent in the first quarter of this year europe especially southern europe has come to the point of catastrophe because of excessive borrowing greece has so far been the worst hit it sound others economic disasters have meant appeals for bailouts this makes it difficult for national governments to defend. personally pouring more money into the coffers of irresponsible or inefficient members within creasing tension in the economic
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mismanagement some forsee big problems ahead because army corp. based on a single currency in europe. is. going to be history in the near future meaning that turkey will likely remain an independent trader to some time to come turkey's markets are famous to tourists and traders alike taking that mercantile spirit to europe one seems like a good idea but with all the riches here not in europe you no longer seems like such a profitable move tom barton r.t. istanbul turkey. while the e.u. struggles to pull its members out of a destructive default spiral the countries of which stuck to their own currencies are breathing a sigh of relief and that a view from germany which is always been the chief proponent of the euro. european nations that are not in the your will no be much firmer much more. there's the
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right thing. to your there's no way we can avoid a default it will have to be done or leave. with it and by the european community everybody together if the greeks leave. that is like you know it's drawing a minor. league of weight into the system but if you want to be totally cool the economic you know going on because both of these things like an economist i think a stress test solution because. once you know you have drilled you and once you can do that once you develop you you can retain your competitiveness on the international market does that after all it was the example of argentina average broke out of the monetary union with the us dollar and the beauty of the us that could and in just a few minutes the highly qualified people destined for
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a lower quality why china has room produces more university graduates data to cope with churning out thousands of virtually worthless degrees every year. in st petersburg leading business and political figures have been thrashing out how best to avoid another fatal canonic meltdown the last session of economic forum has taken place in the city which has also been getting major firms to take a fresh look at investing in russia and he has been there for us. but of course the main topic at a session on global financing with european officials there is going to be the euro crisis what has to be aside from the two officials finland presidents face prime minister both stated that it's not a euro crisis that the separate countries in the eurozone are having crises and they kind of outlined that because about the euro crisis of the currency being weak it's really as they see it the currency is very strong that could of course be too
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faded from the president of kazakhstan and president medvedev we heard a little less optimistic things about the euro saying that it could be expected that when so many different states get together and share one currency that eventually they're going to run into problems overall it has to be said at the session went pretty optimistically president medvedev pointing out that the economy is a lot like the weather here in st peter's for one day but on the first day of the form you have beautiful sunshine on the next day you have rain and that's how really experts in these officials are looking at the economy and optimistic that eventually they will somehow get out of that the main challenge so that you are up the european union i should say and russia and countries like kazakhstan are facing is not to allow the euro crisis to affect their trade and that's really what was the focus at this final session it has to be said as well though that the final question actually from the moderator wasn't in fact about money it was the question that was really on everyone's mind and would it come up before the end of the forum
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and that of course is whether or not president medvedev his going to run the election he said that this was not the place again to announce something like that and that of course every story needs some kind of entry. but when i consider it appropriate to tell you whether i will do it or not i will come out and say it but this forum is not the best place for that one thing you can be sure of is that i would be able to avoid making that statement i will have to tell the people of russia and anyone else who's interested about my decision. so secret that president medvedev may want for him as president and if you run for reelection it will certainly be modernization that's what he opened this forum with and this is the best place to really work in detail on projects like spoke about what's the plan to build someone like silicone valley institute just outside moscow it's well underway in terms of development a lot of c.e.o.'s and figures here for the three day summit in st petersburg from
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silicon valley we had eric schmidt from google and they're actually meeting with all of the officials from spoke about working side by side with them to make sure that this project moves and develops the simply as possible so it's a great venue for the movers and shakers as we call them to really get together with these officials and in a very informal matter proves that the way they think that it should be done. and he is now reporting there from saying that his work and more from same that is bringing our business bulletin in about fifteen minutes time then later today a special edition of our team on the money work peter lavelle talks to people at the forum about what lies ahead for business and russia. and on the way how to get a facelift in the frost. this russian orthodox church has wandered far from its whole month long thomas the end part the go and coming up on our t.v. we explore the world southern most russian with about the cure. the latest show
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of defiance against syria's president assad has seen at least another sixteen people killed as thousands of people protested in major cities urging him to go that he use lining up a third round of sanctions against syria as a comic and these imposing them on companies you know while the united states discussed u.n. action in the region with russia moscow haskin dam the violence calling on both sides to engage in talks and says it will not support any u.n. resolution that may result in intervention but end. as brian becker says that sanctions are only the first step towards a wider action. the if it adopts these new sanctions the third wave of sanctions there incrementally escalating the u.s. and western european intervention into syria i think that we're going down the road as we when libya where one step leads to another step they're climbing the escalation letter they have a very sort of selective concern for the lives of protesters and democracy
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movements or movements that call themselves democracy movements you take a reign there they're there condoning the crackdown on peaceful protesters i think what's really happening is that syria syria has been targeted by the united states and also in principally by. france and the u.k. for regime change and i think they see this growing protest movement and the possible slippage of the country in the direction of civil war as an opportunity to overthrow what has been considered to be an independent government in syria middle east watchers have been telling our t. that the u.s. may talk of public protection concerns but actually has its eyes on a different price. all the talk of exporting democracy and all that sort of preaching rest of the world i find is highly inconsistent and it's hypocritical and in the case of syria in particular i think the u.s.
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is caught between wanting to be put at same time mortified by what the alternative would be and syria which in my view is completely unjustified it's not necessarily going to turn into a fundamentalist islamic states or anything like what we are seeing there are really for freedom and democracy and. why it could have been. a more consistent role in foreign policy has. but is also a new sort of intervention there with. which is based purely on this desire for stability is to be counterproductive. still to come in the program here in r.t. as brock obama gets for going into media without asking congress we asked people in new york whether the war is worth it. to waste of money and the lives of young people do you think there's maybe another reason for doing it one reason
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only whatever the reason. this in other stories takes on america these another state takes their america's military motivations as gathered by the resident few minutes. many may have watched china's surging growth but it has proven to be flawed in at least one area the rapid expansion of universities means cities are now awash with former students on the employment scrap heap or forced into menial jobs harry morton reports on the rise of china's graduate ghettos. despite the global slowdown china's economy is booming and its cities are expanding at a seemingly unstoppable pace as people look to leave their poor rural backgrounds behind in search of the chinese economic miracle and one of the largest groups of people currently moving into china's cities are university graduates like those from this campus in downtown beijing however many are arriving to find their
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degrees of furtively worthless and the streets are paved with anything but gold these graduates often end up living in the most basic and squalid of conditions and forced to do menial jobs sociologists have dubbed them the ant tribes and there are thought to be more than one hundred thousand living in beijing alone in june chine is one such ant he shares a twenty square meter room with five other graduates in a former workers dormitory in the north of beijing washing and toilet facilities are shared and there is nowhere for them to cook but it's not just the aunts that are suffering or forcing my appearance and sister went through a lot of hardship to see of the money that put me through university i studied hard and did part time jobs to support myself you know though all i can find is unskilled part time work so i really feel like i'm letting them in dying. part of the problem is that there are simply too many university graduates now entering the
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system in one thousand nine hundred eighty two when the government began to seriously look at expanding higher education chinese universities were producing eight hundred thirty thousand graduates a year in two thousand and ten but number was six million and it's still growing. on the one hand chinese universities were already in a weak state we made them weaker with an over rapid expansion so the education received by many of today's graduates has been very poor it's really on the other we have a whole generation who are used to having everything going for them you cannot do think for themselves he's going to give people like this work. with reports of rioting taking place in some tribal areas the government is now looking to take action measures being discussed include limiting residence permits to skilled professionals and introducing electronic id cards for outsiders without a stable job however with the number of graduates entering the workforce set to
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continue rising there seems little hope in sight for china's and tribes and remorse and r.t. beijing well if you miss something arrogant always watch it here these are our karma we've got loads lined up for you they're. poor and bike in a garden a four year old boy wins a lawsuit against a circus for not putting out a show it from. an american porn tiger and says there is always room for winner and makes an offer to the sexting scandal politician. american lawmakers are suing barack obama for violating the constitution by going too far in libya they say he's breached the time limit for mobilizing the military abroad without asking permission from congress or he's
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a roving reporter the resident took to new york sidewalks to hear what people there think of sending more troops into more countries problems. we're number one in the world or we can us a house to show the world we can still do it even though you're going to the best we can we can still do it why is that so important to be number one has to be the house to be one no one better be as we think about. the americans as being some kind of. world police you know you think about us stick yes you don't think there's any altieri motive no man it up no oil interests no economic interests no no i don't know what do we want to accomplish that. just the safety of the people to which the money and the lives of the young people you know did you think there's maybe another reason that we're doing it of course the one reason
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only or whatever the reason i don't think it's logical i don't think it makes any sense but i think there's a big disconnect between what people in government are thinking and what they think we want and what we're letting them know that we once. had maybe our priorities just aren't the same so you have all these countries in the middle east where the people are standing up against their government why aren't people in the u.s. standing up against their government saying hey bring our troops home i'd like to think that one day that will happen you know there was an arab spring maybe the america will have its own spring no matter how you feel about the imperialism of the united states the bottom line is let's face that it's not going to stop anytime soon. was bring you up to date on some other stories from around the world here in our sectarian clashes in northern lebanon have killed seven people including a fourteen year old the government a ploy army troops in the city of tripoli to prevent the violence from escalating between assuming you know why muslims and was
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a result of protests protest against the rule of president also in neighboring syria that many sunni are strongly against the regime there while the all white men . already support who belongs to their denomination. work on decontaminating water edge of the nuclear plant has been hold after radiation surged well above safe levels of the worries are anxious that the water inside the damaged facility could spread further radiation into the environment meanwhile a un atomic energy agency report has criticized japan for failing to put essential safety measures in place in the wake of the disaster. more than half a million people have fled areas ravaged by severe floods in the young river valley in central and southern china the military has been mobilized to help rescue efforts and the disaster alert has been raised to the highest level the heavy rains and flooding have already left one hundred five people dead and sixty five missing with the downpours expected to continue for several days. when it comes to
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devout religious worship the russian orthodox church will go to the ends of the earth for its faithful flock sean thomas reports on the saintly side to the south pole. so. perched atop a picture ask a rocky hill overlooking the sea so it's a typical in the tiny russian orthodox church so this scene looks like it could be taken right out of a siberian picture book think again. at the words this is important so far this is the only antarctic station that has a russian orthodox church. in fact the trinity church is the southernmost russian orthodox church on the planet and getting it was not an easy operation. in two thousand and two they built the temple from the cedar tree and the church was built and it sat there for a while until the end of two thousand and three they numbered all the parts every beam was disassembled and they transported it to kaliningrad from there it was
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shipped all the way here to antarctica since feb fifteenth two thousand and four the church has been officially up and running with the orthodox church providing a staff of two specially trained monks each year but given the extreme climate in which they operate they face extreme challenges as well. because the conditions in antarctica are unusual with strong winds we need to hold back the power of the wind with strong tight walls and special chang's sometimes the rain here comes out as horizontally with the wind so that the water is not is coming through the cracks but also we can climb on foot to leak inside of us now trinity church has become a sort of antarctica landmark even becoming somewhat of a tourist destination for v.i.p.'s and diplomats. no matter who visits this church they always say it's beautiful it's a remarkable church made out of boudin a russian architectural tradition. more than just a popular tourist destination the building station on king george island is a gem of the russian orthodox church and it's
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a fully functioning facility even performing rare matrimonial honors for those. i came here for a long stay sixteen months and i had no idea that. it was a church in russia i was not a frequent visitor to church but here somehow i started to be before i left russia i promise at the end of it i'll bring her here i was not sure how but i promised that i would whilst atlanta was still in russia i got the idea why not have our wedding in this church. which i didn't see one of only two couples to have get married here at trinity making their marriage a part of antarctic a story in antarctica sean thomas. well now let's get down to business and join the matter as a who is at the same pittsburgh international atomic form. that's
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right these are the days when the sun doesn't set on russia's northern cop at all but it is going down on russia's on the st petersburg international economic forum or president dmitry medvedev capped off the entire event with a address during a panel discussion that he shared with the presidents of finland the prime minister of spain and the president of kazakhstan where they discussed the challenges facing the global economy the russian president called on all countries to jointly handle challenges facing the global financial system and he said united efforts and policy will help pull countries out of the deadlock and the doldrums that are facing the global financial system he said a key priority for russia in this case is to integrate more with other countries in the global economy and foster better cooperation with all of them and part of that a keystone of all that he believes is the establishment of moscow europe's largest city as a major financial hub for the global financial system europe is looking toward is
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looking toward this he believes and he believes that moscow is uniquely positioned to provide that service he's proposed in this case to expand moscow's borders currently seeking to move the jobs of large institutions out towards the outskirts of the city and bring those outskirts of the city not currently incorporated as part of the city system in order to free up space in the city center and downtown for a new business to go when there are more private business to bring more capital and to free up congested space in the congested downtown in order to bring more economic growth to moscow and really establish what is as i had said europe's largest city as a major financial hub not just a regional one we talk more about this with. from the t.v. capital who believes that it is a key thing to create a good environment for international work in the city center of moscow. i believe one of the main child. what we've heard actually here in the forum as well is the
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lack of his infrastructure the legal system. in the russia i think and i said this what needs to be down these to make sure that there is easy nice. big a's in this for business is to do business in moscow one thing was the government souls this i think most school will become much of a financial center. but jack are not from elbrus capital management believes it's also important to boost domestic capital in russia. i would like to immediately points to. one weakness of the russian financial system which has to be addressed and it's very unique looking. from a global perspective no other major economy in the world it's such a tremendous lack of the domestic capital for the. financial market being got equities all bonds and in that sense russia is very unique with virtually no
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presence of noises to the sofa and mutual funds which would provide the most a couple to support the equity market and to provide liquidity for the and i think that's a very specific domestic problem go forward to self to address in order to provide the background for success with creating a financial center. and of course at this enormous economic forum here there is a lot of business going on in big business it was fifty contracts side abounding to some seven billion dollars worth of financial work that went on here so there's a lot to talk about in that regard philips signed a memorandum of agreement with the russian atomic agency in order to establish a new eco system for nuclear medicine technology something very exciting to come out of the forum here also as i had mentioned earlier spanish prime minister zapatero here in st petersburg for the conference russia and spain jointly signing a deal worth eight hundred million euros. and that is aiming to how both countries
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russia and spain jointly develop and build a new trains for oil and gas transmission in a rush hour russia and spain aiming to boost trade to about ten billion dollars a year or so a lot of business going on here add in russia's answer to davos the st petersburg international economic forum as the sun goes down on day three of the forum and that's the latest here from our team business stay with us here on our team.
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a little. bit. of paint and. if. it is easy to.
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see. if. you. welcome back to join us here. these are the top stories. over curbing its catastrophic dad and. budget as other countries join the blog have second thoughts . about how to stop a global crisis happening again
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a major business and political leaders have discussed just that at the international forum which is wrapped up in st petersburg. syria faces third round of sanctions and more government crackdowns which saw more than a dozen. nationwide. turn to dash the snowy stereotype that most people apply to russia as well meet the bikini clad bathers of a black sea resort. trip to russia. to park a fur coat. for the crew. on hundreds of kilometers of beautiful coast. literally millions of people. every you. may be famous for its snow and skiing there's plenty of sun and see here
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as well.


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