in italy, we are about 6%, so much, much lower. [abrami] i think that as far as the specific aspects of marriage, italy is very different from other european countries, even different from some southern european countries, like portugal, for example. in italy, still 95% of births occurs inside marriage. so the postponement means postponement of marriage and after marriage, perhaps postponement of childbearing. but i mean, marriage is still, for the time being, a must, apparently, for italian couples. [speaking italian] [translator] yes. my priority is to get married and have children, rather than pursue a career. yes, of course, but first i intend to finish my studies, and then i'll be thinking of having a family. i think that, um... the value of the family is something that can't be surpassed and comes probably before everything, even before a career. women students in italy still expect to have children. the reality is that the birth rate is still falling. [montanari] i believe that the italians are still interested in having big

what part of italy does that name come from? >> northern italy. it comes from a little town which is 35,000 people. 30 miles southeast of mill an in lombardi. that's where my family comes from. i still live there. i live in this country, this town. i lived in moscow, london, brussel. but back home. >> what do you do for a living full time? >> that's a good question. i'm a journalist. i used to be like a staff journalist. i've buena foreign correspondent. then i write books and i have my own television program in italy for italian television and do i some radio. it is not unusual, what i do for america. someone in america, i know people that have similar jobs in a way. for instance, mike kinsly, he's been an economist asist. i've been an italian correspondent for six years. i'm still learning. in america, in my professional position, it wouldn't be unusual. it is unusual in italy. the columnist, that's what i am, it can hardly be translated into italian sort of a job market. >> what's this book about? >> your country. >> where did you get idea? >>

asking italy to trim its budget deficit. tax collection and decrease spending if not if they cannot do is. guess what basically what you see you. and italy seems to have given in a little bit. with the situation right now in italy has much choice. well you know you mentioned dropping out of the euro zone in fact there are growing calls from other european countries for the struggling states apart from italy there is also spain and portugal. to leave the euro zone but is this actually likely to happen given that there is technically there is no mechanism for leaving the euro zone is there. well i don't think it will happen because of one thing only if these countries like greece spain. italy portugal stay in the eurozone they can finance their national debt much more cheaply if in. italy is paying something like five point six percent for a ten year or five year noakes if they if they drop out of the euro zone people may have to pay up to ten percent so that is a big big difference and politically economically i don't think d

company coming to get years so italy. china solve from the c.i. c. to buy some actually not buy some or buy huge amounts of it because china has about three trillion u.s. dollars of foreign exchange basically it to the ones trying to. solve. this why when joe said this. today but i think i think it is also time for china to flex economic muscle and gain some advantage not by a lot of italian. so to give the market a little bit of confidence. there have to be fired by europeans them south. well they'll be an interesting scenario of course now and we also know that italy said that a fire sale of state assets is on the table if a sterile fails so what is it i mean is it a way for italy to provoke its neighbors to helping rome more perhaps rather than risk china buying our critical assets in the heart of the e.u. what does this move driven by in your opinion. well i think it clearly is the european. economy cannot afford to be out of the euro's think it would be dishonest or italy if it drops out of the euro so because it will not be able to fly. at the

and standard and poor's cuts italy's long and short-term sovereign debt ratings by one notch citing the country's weakening growth prospects. hello and welcome. in seoul,... i'm eoh jin- joo. and i'm devin whiting. president lee myung-bak left for the united states on tuesday... to attend the un general assembly... as well as a high-level nuclear safety meeting in new york. on the sidelines of the meetings,... president lee will hold summit talks with other heads of state and make a stop in seattle before returning home on saturday. arirang's yoo ji-hae tells us more. president lee myung-bak left for new york tuesday... to attend the united nations general assembly and other events. upon his arrival on wednesday, korea time... the president will receive the world statesman award presented by the appeal of conscience foundation... for his contribution to world peace, democracy and human rights. the following day... lee will make an official visit to the un headquarters... to deliver a keynote speech at the 66th un general assembly. in his speech... lee is expected to speak about koreas p

kevin owen with a top story for you tonight and italy is taking a beating from ratings giant standard and poor's which downgraded the country school by one notch today it says its growth outlook is negative two prime minister silvio berlusconi criticize the decision as being the result of media hype and was out of touch with reality when i simply said it was driven by italy's poor growth and concern over rome's ability to reduce spending despite the budget cuts it's just to prove it's pushed up italy's borrowing costs with the threat of contagion are once again hanging over the entire euro zone over in greece the e.u. and the i.m.f. of issued a final warning to ramp up budget cuts there if it wants to avoid going bankrupt very soon euro zone leaders are already holding back the next eight billion euro bailout decision until october let's give some reaction to this developing news today that from british your m.p. paul knuckle is on the line from london thanks for being on r.t. international polls good see you tonight so that effectively asks for a bailout can europe or for the trillio

and italy moving closer to the center of the eurozone debt crisis as it's crucial all stare.

italy possible debt burden is running at 120% of gross domestic product. -- italy's debt burden is running at 120% of gdp. s&p does not think that the targets can be easily achieved. growth is forecast at 1.1% this year. there is widespread speculation that the forecast will be scaled back to 0.7% for the year. traders on the floor of the milan stock exchange say that this might have a positive impact in the long run. >> maybe this a valuation will force the politicians to implement reforms that they have not put into place. >> average italians seem to have lost all confidence in their government. >> we have had enough of this joker berlusconi and the rest. they need to be sacked. >> if rome can implement their austerity package is, many will lose their jobs. unemployment among the country's youth is already 30%. >> european stocks when higher on thursday even though bond yields on the italian debt rose. >> italy's downgrade by s&p has been expected but there has been some reaction at the bond markets to where the italian yields went to near 6% as a reaction to this downgrade on the frankf

>> italy. they need to decide how they are going to handle italy. italy has a series of fiscal issue, not yet a crisis. it needs to make adjustments in a responsible manner. and perhaps that they provide italy with financial assistance, but the exact terms of that have yet to be decided. i do not even think they have started a conversation about it. >> italy is interesting, because when you think about the situation there, the fiscal policies that have been unfolding over the years, and the political dimension to it, how much is reform going to be key to an economic solution in italy? >> that is an interesting question. before you get to political reform, you have to find a way to grow. the italian economy has barely registered growth in real terms adjusting for inflation is over 10 years. they have a large amount of debt and interest rates are high, even with the help of the ecb. italy has to find a way to grow in a time when the world is slowing down and wind austerity and fiscal cuts are in italy's future. >> a mysterious outbreak caused by taint

. >> italy has had their credit rating downgraded. eu leaders are looking for rome to provide a credible plan. >> this puts italy in the center of the debt crisis. they are the third largest economy in the eurozone and they are struggling with the second- largest island dead. the rating agency has doubts about rome possibility to implement their austerity program and they said there is an underlying problem of stagnant growth. silvio berlusconi is defiant. he says that the downgrading is mostly a reaction to media reports. italyossible debt burden is running at 120% of gross domestic product. -- italy's debt burden is running at 120% of gdp. s&p does not think that the targets can be easily achieved. growth is forecast at 1.1% this year. there is widespread speculation that the forecast will be scaled back to 0.7% for the year. traders on the floor of the milan stock exchange say that this might have a positive impact in the long run. >> maybe this a valuation will force the politicians to implement reforms that they have not put into

filipino italy back to this hour's breaking news story an explosion at a nuclear facility in mark we in southern france for we're going live to our king is daniel bushell joining us in brussels. daniel so at this time has there we know whether or not there is a radiation leak or tell us more about that. you haven't been told or been only. there is no link. why are. we are really you're. you're you're only going to germany and. france but it was. probably nearly all nuclear energy to fall through the green berets and we didn't have that there are going to. be a part of asia and. i'm going to be like. oh commented. british leader. all right is daniel bushell live for us from brussels and those details what check back in with you later. turning now to other news we're covering on r t has warned israel that it faces a growing regional isolation as the turkish prime minister heads for a visit to egypt recip tape aired over and is expected to cement closer ties with cairo with both countries having recently strained relations with tel aviv on friday night a raging mob in egypt in capitals

party tonight italy's got the point for not moving fast enough a credit ratings giant loses face in butter scoldings budget ability while these eurozone partners are left wondering who's next. but just over forty eight hours to go before the palestinians appeal for a seat at the un israel maintains its firm opposition and begins reinforcing its borders here in a wave of protests. also in new york president obama seeks to boost libya's new leadership of the general assembly by pointing out progress in the country but questions over whether the nato the actions in libya complied with the u.n. resolution looms large. mrs arty's eight pm right now here in moscow my name's kevin owen with a top story for you tonight and italy is taking a beating from ratings giant standard and poor's which downgraded the country school by one notch today it says its growth outlook is negative two prime minister silvio berlusconi criticize the decision as being the result of media hype was out of touch with reality less than p. said it was driven by its at least poor growth and concern over rome's ability to red

and so let's look out how this fraud and austerity measures are being imposed across the world italy cuts tax on high earners from austerity package so you know silvio berlusconi it announced a sixty six billion dollar or forty five point five billion euro austerity package and part of it was a tax on people earning over ninety thousand euros a year apparently he's getting rid of that leaving all the other stuff for the job bag and donuts but that number forty five point five billion euros max made me think of something from two years ago melanne police seize u.b.s. j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or lent fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives that's right so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now oh here's berlusconi saying he needs approximately the same amount of money imposed in austerity measures to basically pay now for the toxic securities

said it was driven by italy's poor growth and concern over rome's ability to reduce spending despite the budget cuts it's just approved it's at least boring cos with the threat of contagion once again hanging over the entire usa over in greece the e.u. and the i.m.f. have issued a final warning to ramp up budget cuts if it wants to avoid going bankrupt very soon euro zone leaders are already holding back the next eight billion euro bailout decision until taper does he have a view from berlin now on financial writer it's a failed many things is joining us here in our scheme is a bill that is this downgrade the kick in the teeth that could prove irrepairable for italy. i don't think it's a repairable only it certainly is a kick in the teeth after all. something that economists to be mourning about for a long time which is that italy has an enormous debt i mean it's one hundred twenty percent of its g.d.p. that's the accumulated debt and if you simply work it out six percent of it is an enormous amount for italy to find interest payments every year and the likelihood is that that is goi

two years later it's forty five point five billion euros and austerity measures for italy but you never hear about this all you hear is about those lazy italians those tax evaders those people who want to retire at fifty five nine out of ten well in fact probably ten out of ten mainstream media articles about italy will be talking about how corrupt and and like you know we still workers they are the occupying force always is scapegoats the locals and if in fact these were shared risk by the people who sold them well how does a bonus schemes were jealous and wall street oh record bonuses hundred forty billion and then let's move on to this final headline here max a tally in town mints own money to fight austerity this is the italian town of philip teano and they have introduced a new currency called the fiorito and order to avoid these austerity measures which are being imposed across italy so the austerity measures of course as i said have been they're no longer introducing a new tax on the wealthy but they are cutting back on money to municipalities well this is what happens when this

and so let's look at how this fraud and austerity measures are being imposed across the world italy cuts tax on high earners from austerity package so you know silvio berlusconi it announced a sixty six billion dollar or forty five point five billion euro austerity package and part of it was a tax on people earning over ninety thousand euros a year apparently he's getting rid of that leaving all the other stuff for the job bag and donuts but that number forty five point five billion euros max made me think of something from two years ago melanne police seize u.b.s. j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or fogey lent fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives that's right so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now oh here's berlusconi saying he needs approximately the same amount of money imposed in austerity measures to basically pay now for the toxic securities

ask italy. wait, don't ask italy. now, the european central bank could solve this problem by printing lots of money, but germany doesn't want to because after world war one, they printed so much currency that inflation exploded and just to buy a left of bread, people had to fill a wheelbarrow with money. ironically, the price of a wheelbarrow was an ox cart full of bread. [laughter] flg this economic chaos brought about the rise of the nazi party, so basically germany is saying to the rest of europe, we're mild-mannered bruce banner now, but if we're exposed to the gamma rays of inflation, we could become fascist hulks. [laughter] don't make me hitler. you wouldn't like me when i'm hitler. and for some reason poland takes germany's "we might become nazis" thing pretty seriously. their finance minister said this crisis could lead the war in ten to 20 years. ten to 20 years. and that's in celsius. folks, europe has been torn apart by war so many times, and for it to happen again would be so wonderful. because world war

also southern europe braces for austerity italy and spain try to push through more savage cuts while the arduous effort to save greece and. suspends all trade military ties with israel is relations things with them you know because israel will apologize for killing nine activists in last year's gaza flotilla raid. some past eleven pm time next max and stacey take on those who are robbing the poor to pay the rich but the bankers who deal in toxic assets yet still expect taxpayers to bail them out yes report is on the. this is the kaiser report. seems to be drawn and quartered. yeah you know i'm talking about probably more states ever max i have a feeling you read this first headline here banks still expect taxpayer to for their failure this according to paul fisher of the bank of england's executive director for markets and he disclosed that quote some banks have told us that they think they should not be required to hold capital and liquidity to deal with such extreme tail of events leaving the public sector to be the capital provider of last resort this contradicts what these banker

italy moves closer to the center of the eurozone debt crisis as its crucial austerity package enters a final stage triggering a new wave of protest and tough spending cuts. five pm in moscow i matras are going to have you with us here on r t our top story we're covering breaking news on r.t. an explosion at a nuclear facility in markkula in southern france one person reportedly killed several injured authorities say no radiation leak has been reported the explosion followed a fire in a storage area for radioactive waste according to the live figaro newspaper the facility is in the garden region it's a major site involved with decommissioning nuclear facilities and operates a pressurized water reactor we'll bring you more on this breaking news story shortly unsolved issues in russia u.k. relations should not stand in the way of healthy and profitable cooperation that's what the leaders of the two states concluded that their meeting at the kremlin artie's a nice and now a has more on the outcome of the first official visit by a british prime minister to russia for six years. president

. >> it is different in greece and italy. and the lack of clarity is affecting the credibility when it comes to judgment on other countries. >> if the crisis in the euro- zone is one reason why the fund is sharply lowering its growth forecast. it expects the euro-zone to grow by 1.6% and the u.s. to grow by 1.5%, half as fast as last year. the forecast for the u.k. is for growth of 1.1%. the chancellor's budget assumes growth of 1.7%. the other big danger is in the u.s. the fund worries that the battle between president and congress will derail the recovery here with public spending cut too sharply next year but not enough long-term to silence questions about america's debt. president obama sound like she was reading fund's script yesterday announcing his deficit plan. >> we need to invest in what promotes hiring in economic growth now while providing confidence that will come with the plan reduces our deficit long-term. >> the president's opponents know that talk of jobs strikes a chord. less than a year ago, joe fowler had

southern europe braces for sturdy anger as italy and spain try to push through more savage cuts all the arduous sufferers to save greece appear to be on tackling. also turkey's a stands all trade and military ties with israel as relations sink to a new low because israel won't apologize for killing by activists in last year's gaza flotilla raid. and the dinner put in throws the switch from a new undersea gas pipeline to europe curbing ukraine's status as a possible middleman which it's news to negotiate discounts rates on spots. all next is the car's a report where max kaiser and stacy herbert expose the bankers who deal in toxic assets and still expect taxpayers to bail them out when trading goes wrong well that's something that's an artsy. easy. this is the kaiser report. the only good bank. to be drawn and quartered. you know what i'm fighting about probably more studies ever max i have a feeling you've read this first headline here banks still expect taxpayer to for their failure this according to paul fisher the bank of england's executive director for markets and he disclosed that

and so let's look at how this fraud and austerity measures are being imposed across the world italy cuts tax on high earners from austerity package so you know silvio berlusconi it announced a sixty six billion dollar or forty five point five billion euro austerity package and part of it was a tax on people earning over ninety thousand euros a year apparently he's getting rid of that leaving all the other stuff for the job bag and donuts but that number forty five point five billion euros max made me think of something from two years ago melanne police seize u.b.s. j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or lent fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives that's right so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now oh here's berlusconi saying he needs approximately the same amount of money imposed in austerity measures to basically pay now for the toxic securities that

meanwhile italy's parliament has approved a fifty four billion euros of cuts to try and keep europe's third largest economy afloat now the package includes changes to pension slashing government spending as well as a new tax on the rich but as iver bennett discovered there is one town that isn't willing to take it lying down. welcome to filipino a small town in the middle of italy it also claims to be an independent principality and support it it's even started printing its own money the man on a new note says town mayor lucas a lhari now self-proclaimed prince i guess everyone dreams of being a prince when they're a little boy and so did i now i get to live that dream filleted knows going solo in protest over government plans to slash council funding he wants all towns to merge having the number of local authorities with a population of just six hundred filipino and its mayor of for the chop. it's a terrible idea because it makes no economic sense we have everything here to be autonomous and besides the neighboring towns are at least thirty kilometers away so it's not practically pos

on the ropes the euro zone's third largest economy takes a hit as italy's credit rating goes down sparking fears of an even deeper by the actual crisis across europe and. israel calls for urgent peace talks with palestinians but has mines on its border added the palestinian bid for a seat at the u.n. this friday had some more you could open a pandora's box. multiculturalism under the microscope turkey's president visits berlin trying to break down a wall of issues facing immigrants in germany. it's one pm in moscow i match reza good to have you with us here on r t our top story italy's credit score is taken and knocked financial ratings firm standard and poor's has downgraded the country one notch deepening the euro zone's economic woes the agency also gave a gloomy forecast for the country's ability to get itself out of trouble tahlia premier silvio berlusconi criticize a decision calling it out of touch with reality s. and p. says this move was prompted by italy's weak economic growth and fears the government will fail to deal with its huge debt despite parliament recently passing an aus

situation right now italy has spent much choice and as a. guest itself the growing crisis and italy is not unique in the united states especially this great engine of the world's economy the once mighty shrinking american middle class and more in costs all coming your way in about twenty minutes time it has a pretty. i was amazed to discover when i got to the united states that everybody who's in the trade union is considered middle class you just mean guys with jobs that's what you mean about your very own terrible family capital or capital gains or whatever you just mean people who make money from money and people only money from work most of these middle class people make money from work and they should cast their lot in with the poor people. who appoint who are being employed it means middle class well i want. them to do i know in golf one said very briefly that for him working class men people who didn't want to work. was an inferior when it collapsed and i would put it the other way around when you get a crisis the middle class becomes

so let's look out how this fraud and austerity measures are being posed across the world italy cuts tax on high earners from austerity package so you know silvio berlusconi it announced a sixty six billion dollars or forty five point five billion euro austerity package and part of it was a tax on people earning over ninety thousand euros a year apparently he's getting rid of that leaving all the other stuff for the job bag and donuts but that number forty five point five billion euros max made me think of something from two years ago the land police seize u.b.s. j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or. fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives but so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now it all here's berlusconi saying he needs approximately the same amount of money imposed an austerity measures have basically pay now for the toxic securities that were purc

so let's look at how this fraud and austerity measures are being imposed across the world italy cuts tax on high earners from austerity package so you know silvio berlusconi it announced a sixty six billion dollars or forty five point five billion euro austerity package and part of it was a tax on people earning over ninety thousand euros a year. he's getting rid of that leaving all the other stuff for the joe bag donuts but that number forty five point five billion euros max made me think of something from two years ago and the land police seize u.b.s. j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or thought to lend fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now oh here's berlusconi saying he needs approximately the same amount of money imposed on austerity measures to basically pay now for the toxic securities that were purch

so let's look at how this fraud and austerity measures are being imposed across the world italy cuts tax on high earners from austerity package so you know silvio berlusconi it announced a sixty six billion dollars or forty five point five billion euro austerity package and part of it was a tax on people earning over ninety thousand euros a year apparently he's getting rid of that leaving all the other stuff for the job bag donuts but that number forty five point five billion euros max made me think of something from two years ago in the land police seize u.b.s. j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or fahd talents fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now oh here's berlusconi saying he needs approximately the same amount of money imposed in austerity measures to basically pay now for the toxic securities that were

and so let's look out how this fraud and austerity measures are being posed to cross the world italy cuts tax on high earners from austerity package so you know silvio berlusconi it announced a sixty six billion dollars or forty five point five billion euro austerity package and part of it was a tax on people earning over ninety thousand euros a year apparently he's getting rid of that leaving all the other stuff for the job bag and donuts but that number forty five point five billion euros max made me think of something from two years ago in the land police seize u.b.s. j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or. fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives present so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now oh here's berlusconi saying he needs approximately the same amount of money imposed in austerity measures to basically pay now for the toxic securities that

two years later it's forty five point five billion euros and austerity measures for italy but you never hear about this all you hear is about those lazy italians those tax evaders those people who want to retire at fifty five nine out of ten well in fact probably ten out of ten mainstream media articles about italy will be talking about how corrupt and and like you know we still workers they are the occupying force always is scapegoats the locals and if in fact these were shared risk by the people who sold them well how does the bonus games were jealous and wall street oh record bonuses hundred forty billion and then let's move on to this final headline here max a tally in town minutes own money to fight austerity this is the italian town of philip teano and they have introduced a new currency called the fiorito and order to avoid these austerity measures which are being imposed across italy so the austerity measures of course as i said have been they're no longer introducing a new tax on the wealthy but they are cutting back on money to municipalities well this is what happens when thi

s thinking on italy now. and you notice no other agencies have downgraded them its share their their political situation is is is in flux i don't see that as the reason for the downgrade to answer you question about with other downgrades follow obviously spain is in the same boat and spain has got very healthy banks quite frankly the whole the whole reason for all of this is what are called the drill bit of trade which is totally unregulated everywhere and because of that. investors especially stock market investors don't know what the liability reliability is there in fact insurance wops is what they are but they're totally unregulated they don't have any kind of capital backing and because of that it makes everyone nervous dangi question in brief spain would be the next one if it if it should happen but spain is quite frankly quite healthy now you alluded to a similar downgraded recently in the u.s. what are the potential knock on effects for this rating downgrade for europe's fourth largest economy in ital

philip tino italy. to our breaking news story this hour an explosion at a nuclear parcel facility and mark you all in southern france for a while as we go live our it is daniel bushell live for us in brussels. so then what do we know about the incident and how serious is the situation at the plant right now. because one person is reported dead a male worker is the been found carbonized according to one local paper the french atomic safety rules thirty said that an explosion had taken place in an of who used to milk waste you know after the recent accidents the nuclear accidents in fukushima in japan countries like germany and switzerland had promised to phase out their nuclear power but france is called for europe's biggest atomic power producer and it has strongly defended its decision to keep on producing nuclear before this accident took place is heavily dependent on nuclear energy to produce its heat and electricity and french leaders had said the fukushima power stations are extremely safe and some

so let's look at how this fraud and austerity measures are being imposed to cross the world italy cuts tax on high earners from austerity package so you know silvio berlusconi it announced a sixty six billion dollars or forty five point five billion euro austerity package and part of it was a tax on people earning over ninety thousand euros a year apparently he's getting rid of that leaving all the other stuff for the job bag and donuts but that number forty five point five billion euros max made me think of something from two years ago no land police seize u.b.s. j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or. fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now a poll is berlusconi saying he needs approximately the same amount of money imposed in austerity measures the best they pay now for the toxic securities that were purchased

italy was a divided -- it was not even a country. it was divided among five major powers and a host of duchies and principalities and petty states. florence was the weakest of the five. it was the most centrally located and probably the weakest, weakest of the kingdom, the duchy of milan of venice. you had naples to the south ruled by a spanish born family, then you had the papal states which surround florence on three sides and it was a precarious position for florence and during machiavelli's youth, lorenzo de'medici was a very adept politician, very adept diplomat, and he managed to keep all these balls in the air, managing to keep italy at peace and more importantly, the foreigners out, and with his death comes the calamity when the foreigners sweep in and cause chaos and destruction. host: in your footnote, you say machiavelli lived to be 88. guest: he lived to be 58. host: maybe it's a misprint. guest: he died at 58. michelangelo lived to be 88. 58 for a man of that era is an average, perhaps above average lifespan. lorenzo de'

dollar too if for example say china does bail out greece and italy that has three point two trillion dollars in reserves to buy foreign debt it is the biggest creditor further u.s. what happens it's china unloads us dollars and goes into your o's. well we can sleep with our we're all right now the dollar in our bond market is getting his a temporary or official from the calamity that's gone on in europe as bailing out ben bernanke and his inflationary policies and his billing out into the gutter and obama and their desire to destroy the fiscal solvency of this nation which by the way they're picking up slowly from george w. bush and he's doing a great job of destroying the future of this country but when the european resolution comes that it will come as i said through a d. for then all eyes will terms you just care and the united states and it's not too far away to several years in my opinion most ok but with this china scenario do you think how much do you think that is matter you mentioned some of the guide are not very favorable terms now he goes to meet with the e.u. finance min

filipino italy get laid in greece meanwhile is planning to impose a property tax acclaims will let the country meet the demands of its slanderous the greek prime minister has already pledged to move ahead with highly unpopular sorry measures later we talked to a greek m.p.c. miscarry carlos and says joining the euro zone was detrimental to his country's financial health. and with the help of the european union greek farmers have stopped producing on the country like greece right now can't feed its people we don't produce enough meat we don't produce enough we even oil we are importing. came from the good opinion that farmers were paid so that they wouldn't produce anything. we've destroyed one of. the main masses of our economy the investments that were made europe were only to sell germany you know what's the biggest investment made in greece for the past two years super markets. and we ended up buying german products buying german cause maybe greece borrowed a lot of money in the past ten years from the get go if you know from germany especially why don't you check out how much money

see what did france do to algeria what did britain do to egypt what it italy and all these countries do to libya before absolutely nothing has been done about seven sixty five but that is the whole point of this nato aggression on libya it's got nothing to do with protection of civilians. you know nato is head guy in in the in the rebel slave council as i call it to nato he said he said in his speech to the green square just the other day that the islamist will never take over and you know and he said he said to his rebels do not attack the women and children leave them out of this which is an admission from the m.d.c. it's an admission from mr julio that his rebels have been attacking women and children. it was antiwar activists account chandon commenting on nato's role in the libyan conflict. and moscow has reiterated its deep concern over america's plans to base parts of this missile defense shield in poland some of which could be in place by twenty eighteen now russia is calling for urgent talks with nato say that the u.s. program is stuck in the past all plans for putting missil

filipino italy remember we're on air and online around the clock at r.t. dot com where there's plenty more stories blogs and analysis here's what's a click away right now. driving the ball by the horns in lower manhattan as hundreds protest at a banking system that's left many jobless and homeless with a demonstration occupy wall street what's. being seen to be green world carfree day coming up in russia's even larger week aimed at getting its many many drivers off the roads and onto the saddle of a bicycle. seat. of all the places you might expect to appear on a list of the world's most exotic destinations the sheer noble nuclear disaster site makes a surprising appearance twenty five years after the world's nuclear world's worst nuclear accident the exclusion zone seems to be pulling people in rather than driving them away but as artie's like say our share of secure porous from ukraine the house with his holidays are a double edged sword. these cars were once heavily affected by nuclear radiation now the radiator for a different reason part of an exhibit

and while italy look forward to major budget cuts. one sleepy rural community fed up with the nation's financial difficulties has decided to go it alone we sent our of porter the cover story. in. the u.k. and russia looks to put differences aside with a visit to the kremlin by british prime minister david cameron this week the leaders of both countries agreed unresolved issues shouldn't stand in the way of progress it was the first official visit to russia by a british prime minister in six years relations between the two nations soured over the murder of former f.s.b. officer alexander litvinenko here in london back in two thousand and six but david cameron and dmitri medvedev agreed that that case should not hold back their partnership now dr patrick fflick has worked extensively in science and technology projects between the u.k. and russia he says he seals sees real potential. russia's taken the first steps in establishing the new business center at skolkovo establishing what is going to be i suppose a kind of silicon valley there

filipino italy. that leading greece meanwhile is planning to impose a property tax it claims will open country meet the demands of lenders as the government struggles to curb debt tax collectors and taxi owners have started a two day strike angrier more proposed austerity cuts where we speak with greek m.p.'s sin or satirical blue joining the euro zone was detrimental to his country is financial. with the help of the european union greek foreign most have stopped producing can imagine a country like greece right now calm feeds its people we don't produce enough for me we don't produce enough we even oil we are important and we had the scheme from the european union that farmers were paid so that they wouldn't produce anything. we destroyed you're no main from a massive support of our economy the investments that were made to europe were only to sell germany you know what's the biggest investment it's made in greece for the past ten years super markets. and we ended up buying german productions buying

moody's has been closely monitoring italy's credit rating since mid-june... after it warned italy it could be downgraded. meanwhile, two major french banks were downgraded earlier wednesday... due to their 56 billion us dollar exposure to debt-laden greece. moody's lowered the credit rating of france's credit agricole and societe generale by one level. fitch ratings also downgraded five regions of spain due to their fiscal problems. as the european debt crisis continues to affect more and more countries, concerns are growing about the possibility of a global recession. park ji-won, arirang the leaders of france and germany have moved to reassure greece that it is an integral part of the eurozone. in a conference call wednesday night with german chancellor angela merkel and french president nicolas sarkozy, the greek prime minister said greece would meet all the deficit reduction plans it agreed to... in exchange for its two eu bailouts. after the call, merkel and sarkozy said carryiyi o bailout commitments is essential for the greek economy... to return to a path of lasting growth. i