twenty summit they're calling on the g. twenty leaders to impose a so-called on robin hood tax on financial transactions it's a one percent tax proposals for members of the e.u. many countries are against this what do you think about that proposed tax. that i don't think that would do any good to go after you know leave that leave the criminals in place will just mean a tax a little bit one percent on their transactions isn't going to save the world you know in the united states alone from two thousand and seven i know nearly doubled our national debt if you thousand and eight we a president bush said we're going to spin free market capitalism in order to save it and then president obama marched right down the same road saving the same too big to fail so the notion that we can tax our way out of it even going after the elite rich it isn't going to work we need to turn these financial institutions and what they deserve to be right now which is utilities we've already paid for all these tokens the fact that we're getting head

twenty summit they're calling on the g. twenty leaders from pose a so-called robin hood tax on financial transactions it's a one percent tax proposals for members of the e.u. many countries are against this what do you think about that proposed tax. that i don't think that would do any good to go after you know lead that lead the criminals in place but we're just going to tax a little bit one percent on their transactions isn't going to save the world you know in the united states alone from two thousand and seven the know nearly doubled our national debt if you thousand and eight we a president bush said we're going to suspend free market capitalism in order to save it and then president obama marched right down the same road saving the same two to fail so the notion that we can tax our way out of it even going after the rich but it isn't going to work we need to turn these financial institutions in what they deserve to be right now which is utilities we've already paid for all these companies the fact that we are getting

from an alternative g. twenty summit in nice. to occupy wall street in new york a lot of the protests around the g. twenty summit are motivated by the fact that it's a very undemocratic system that doesn't allow for people's voice and that's a lot of just about to be the biggest occupy camp in america stands united with the g twenty protests and demanding. leader for just a patient making decisions that affect everyone some of the objectives of the g. twenty nations make sense things like you know stopping global warming and you know stopping world hunger and all that these are things that everyone would be onboard with it's just the process the way that they go about actually making these decisions is the thing that people feel excluded from and rightfully so the protesters call for total revamp of the system that they say excludes the ninety nine percent while those in power play dangerous games keep in mind they keep spending money they keep killing people and wars inequality across the globe is what keeps people out on the st

as you sat at the g. twenty the protests outside of the g. twenty had occupied last week when they share this similar message protesting corporate greed do you think you have these protests that receding and france now could help to strengthen the. absolutely yeah the g. twenty these gain of twenty or whatever you know whatever financial group comes out next to talk about saving the world's economy every single time they do this you know if you cure at least a hope in ism of the cure has a shorter and shorter shelf life you know it's just logged an initial return we spent trillions of dollars to build the financial terms and we're. gets one percent g.d.p. people we spend one hundred six hundred billion dollars a quantitative easing we get a half a percent g.d.p. the law of diminishing returns the same thing applies with hope to ms and they're going to get together they're going to talk about some kind of deal that's going to see greece and the rest of europe and we'll get a run up in the stock market we got it for four days on this last one s

twenty summit in cannes well actually away from the summit itself and t g twenty marches have been held all across the french riviera moore that i'm now joined live by all these daniel bushell who is waiting for us in nice good to see you daniel so what exactly are the people's demands. yes protesters must here at monaco really just down the coast from the g twenty summit in cannes because monaco is a tax free haven and protesters here are saying that for example who go to a million euro. public bailout could move here to even pay a single cent tax all the. world leaders that previous g twenty summit promised to shut down tax havens all types paradises as the demonstrators fight but no action is still being taken hold that demonstrators nicolas sarkozy. and barack obama most have given alternative summit press conference we've spoken to the fake nicolas sarkozy who says yes we can for a ritual going to his asian the g. twenty is a ritual going to asian for the rich and we don't see anything wrong with the world economy at the moment the fake angela merkel says we're quite happy for gree

correspondent and he's there now with the latest at the g. twenty in cannes. keeping on now to a very sad story they were trained to serve and protect their country they put their lives in danger they put in their time but when they return home from the frontlines it turns out no one was there to serve or protect them we're talking about america's veterans wounded by war physically or emotionally others wounded by what they found on the homefront a country with few jobs and few prospects for the future are she's on a saucer churkin reports. their job is to defend their country's interests but once there are jobs gaps up their country has no interest in them any longer terms of thousands of american war veterans are simply being discarded the coming home just proportionately of homelessness of foreclosures and infections in two thousand and one in seventy five thousand iraqi history veterans united states homeless were sleeping on the streets were veterans like fifty five year old gentleman joe after sixteen years of military duty he's homeless on the streets o

about what he expects from the g twenty summit in france. i've got to go to college thank you very much for being with us today and so the global economy is in a pretty bad shape and especially the eurozone regardless the last e.u. summit is going to influence the g twenty summit twenty summit will focus on the state of the global economy clearly. issues related to the possibility here. are supporting sustainable growth we'll be in the center of the discussion in the first day of the sun and. more technical nature of real way from the passions and you can ask a honestly for example last year's twenty summit was worth something about one billion dollars. people don't really think that anything comes out of this and especially when it comes to plausible solutions to the real problems world is facing. for example last summit suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption any o

summit is going to influence the g twenty summit twenty summit will focus on the state of the global economy clearly. issues related to the possibility here of supporting sustainable form growth will be in the center of the discussion in the first day it was time. for more technical nature real more from the national leaders can't ask for example last year's g twenty summit was worth something about one billion dollars. people don't really think that anything comes out of this and especially when it comes to plausible solutions to the real problems world is facing. for example last summer suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption any of this been implemented through a. conductor or sun it's so it's cheaper and cheaper from time to time and money being spent in a more efficient way than before second are that important to understand that while during this time it's more specific decisions are being made. because

g twenty host france says it wants this summit on its picture wrist mediterranean coast to reflect the importance of emerging nations in the world but this financial crisis deepens in both the u.s. and european union economists sports self interest behind that noble claim to involve more right economies is really to try to convince those right economists to put money on the table to the unsustainable currency union of europe in the first place developing countries which saw the west quick to back civil unrest among their population they now see those same western countries coming down hard on public movements in their own backyard and she was like to describe double standards the primary powers within the g twenty the united states germany britain france the real dominant economic and military powers they want to show a world order a system of states that still has the ability when in fact there is instability this summit is an attempt to put a shining face on what is really a failed system russia's president dmitry medvedev has warned for several years the world financial system needs

twenty summit in russia go away from the summit itself and c g twenty marches are being held on across the french riviera more about an hour gone live while she's done you a bushel who was waiting for us in new so good to see you daniel so what exactly are the people's demands. yes protesters most here at monaco really just down the coast from the g. twenty summit in cannes because monaco is a tax free haven and protesters here are saying that a banker for example who got a million euro. public bailout can move here and not even pay a single cent in tax on that bonus now world leaders at previous g. twenty summit promise to shut down tax havens or tax paradises as they're known and demonstrators in the fight but no action has been taken on that demonstrators in nicolas sarkozy christine angular moco and barack obama north's have given an alternative summit press conference we've spoken to the fake nicolas sarkozy who says yes we can for a ritual going to his asian the g. twenty is a ritual going to asian for the rich and we does the anything wrong with the world economy at the moment t

the upcoming g twenty summit in the french city of can is set for its now traditional beginning massive protest suppressed by police the rage behind the banners remains the same this year economic hardship and seemingly disconnected leaders but as our daniel bushell reports this year the protests may be the least of the g. twenty problems greece's referendum decision has really overtaken everything here at the summit is really forced the hand of those who thought the e.u. project and the euro project would continue smoothly really is the strongest indication yet greece could potentially quit the euro upsetting the whole eurozone project. because they have summoned george papandreou the prime minister of greece for emergency talks all the situation they want to find out why mr pope and drove to consult with them before making this decision the prime minister of france france who we feel said that it was a concern to him and the regretful that this. had been made he added that the greeks must take quickly and without ambiguity if they want to keep their place in the eurozone or not so str

summit is going to influence the g twenty summit twenty summit will focus on the state of the global economy clearly. issues related to the possibility here or for supporting sustainable growth will be in the center of the discussion which confirms the last time and. more technical nature real more way from the tensions that you just can't ask for example last year's g twenty summit was worth something that one billion dollars. people don't really think that anything comes out of this and especially when it comes to plausible solutions to the real problems world is facing. for example last summit suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption any of this been implemented. conducted assignments so it's cheaper and cheaper from time to time and money being spent in a more efficient way than before secondly. the important to understand the while during this time it's more specific decisions are being made. accordingly

europe's financial chaos hijacked the g twenty meeting in france and the leaders of the world's richest nations discussed what to do about the greek debt and the teetering eurozone. and down the road from canada t g twenty march is an alternative gatherings of being held surrounded by a massive police operation. who can streets are littered with gas canisters and spent rubber bullets after a riot police crackdown on a massive occupy protest that left america's fifth largest port. and also it is now russia questions of fairness a businessman who wants to bring him home after a new york jury finds him guilty of trafficking our top stories this hour. international news you coming live from moscow with twenty four hours a day the greek prime minister has backtracked and scrapped plans for a national referendum on whether to accept another a you hand out to save the country from drowning in debt george papandreou his decision to hold a public vote over the criticism from abroad and from the opposition putting his government on the verge of collapse when i see sarah firth joins us now from at

twenty summit and talk about those anti g twenty marches that have been held across the french riviera and still continue to be held there artie's daniel bushell has more. protesters must hear monaco really just down the coast from the g. twenty summit in cannes because monaco is a tax free haven and protesters here are saying that a banker for example who got a million euro. public bailout can move here i'm not even paying a single cent in tax on that bonus world leaders at previous g. twenty summit promise to shut down tax havens all tax paradises as they're known and demonstrators the fact that no action is still being taken on that demonstrators in nicolas sarkozy dressed in anger merkel and barack obama must have given an alternative summit press conference we've spoken to the fake nicolas sarkozy who says yes we confirm we're a rich organization the g. twenty is a ritual going as asian for the rich and we don't see anything wrong with the world economy at the moment the fake angela merkel says we're quite happy for greece to have a referendum on whether it should have the euro ba

just as most just down the coast from the g twenty summit venue here in count to monaco monaco of course a tax free haven for germans so it's a saying that a banker who gets a big bonus off to a public bailout for example can simply move to monaco and not even pay a single cent in tax now world leaders promise to get rid of tax havens that previous g twenty summit demonstrators obviously angry but that still hasn't happened they still haven't taken action on that no protest has drifted more of nicolas sarkozy angela merkel and barack obama have organized an alternative summit media conference and here's what they had to say but we'll tell you something the whole if they move. for the finals of the week only this is what i want those sarkozy because you're not going to have a very good foreign owned firm we want to play here to my left before i did we support the greek referendum on the euro bailout but only if they vote yes so considering the rather very good fishel statements that coming out of the. summit some here say that this is the perhaps the more interesting of the two summits it

if you go across developments of the g twenty and he said good to see you gloomy weather gloomy mood what's the atmosphere like where you are. well in fact i was just going to talk about the weather i think president medvedev said it right on the dot when he was spoke at the business g twenty he said the mood here in camp is very much like the weather it looks nice it's warm but it's much more complicated it's not that simple and of course that is after the euro crisis basically took over the candy twenty after the bombshell from the greek prime minister that the country would hold a referendum on whether or not to make contact and accept the latest batch of money which is very heavily being pushed by germany and france on the eve of the summit he was summoned by angela merkel and nicolas sarkozy sat down with the i.m.f. as well and the european central bank and they told him his decision was unilateral that the country can go ahead and hold this referendum but they will get no pass unless they make those cuts and of course the greek people out on the streets for over a year they don

than he said i would live for the g twenty and can thank. well eurozone leaders have their eyes on the vast fortunes of fast developing economies like china wondering if they could offer a financial crutch so far though beijing is refusing to invest in the european financial stability fund until uncertainty surrounding greece is removed and there are some who are concerned that chinese help could come at a high price for europe. it looks like china will likely be asking for some major concessions one route for china's funding of the bailout fund would go through the i am master and i am i find that i am at historically has been dominated by the united states and european powers and the developing countries have long argued for greater voting power and more of a voice and i am asked so it's possible that china would demand greater voting powers within the i am asked for having its money go through the i'm after the euro zone and so that's one thing and that of course would diminish the influence of western powers and i am not find another thi

twenty summit and talk about those and the g. twenty marches that have been held across the french riviera and still continue to be held there artie's daniel bushell has more. just as most here at monaco really just down the coast from the g. twenty summit in cannes because monaco is a tax free haven and protesters here are saying that a banker for example who got a million euro softer a public bailout can move here and not even pay a single cent in tax on that. world leaders at previous g. twenty summit promise to shut down tax havens or tax paradises as they're known and demonstrators are angry at the fact that no action is still being taken on that demonstrators in nicolas sarkozy dressed in local and barack obama must have given an alternative summit press conference we've spoken to the fake nicolas sarkozy who says yes we confirm we're a rich organization the g twenty is a rich organization for the rich and we don't see anything wrong with the world economy at the moment the fate angela merkel says we're quite happy for gree

the french riviera where the g. twenty summit. the crowds are angry with the current economic situation that focus on helping people who push. the sports with. hello there thanks for watching the sport and this is what is coming up over the next few minutes. edge towards the knockout stages of the champions league with a one nil victory over ukraine rivals shakhtar. while most he scored a hat trick as barcelona and ac milan become the first side secure places in the last sixteen. and the czech tennis stars talk up their chances of beating russia in this weekend's cup find. yourself in the champions league there was an eight have boosted their chances of qualifying for the knockout stages a narrow one nil victory against shakhtar donetsk in some pages berg last night keeps them in second place in group g. belgian defended nicholas long by heading in the only goal right on half time is in the second win of the campaign and there a point behind surprise leaders out on the cassette if we want to talk to you from each group progress in

than even i would live for the g. twenty and thank you. for euro zone leaders have their eyes on the cost fortunes of foster but looking at comedies like china wondering if they could offer a financial crunch so follow beijing is refusing to invest in the european financial stability fund until uncertainty surrounding greece is removed and there are some who are concerned that chinese help could come at a high price for europe. it looks like china will likely be asking for some major concessions one route for china's funding of the bailout fund would go to the i am not turn i am i find that i am at historically has been dominated by the united states and european powers and developing countries have long argued for greater voting power and more of a voice and i am so it's possible that china would demand greater voting powers within the i am asked for having its money go through that i'm after the euro zone so that's one thing and that of course would diminish the the influence of western powers and i am not find another thing that china m

europe's financial chaos hijacks the g twenty meeting in prague the leaders of the world's richest nations discuss what to do about the greek debt and the teetering euro zone. oakland's streets are littered with tear gas canisters and spend the rubber bullets after a riot police crackdown on a massive occupy protest that left america's fifth largest port. plus russia questions the fairness of businessman a victim boots trial and want to bring him home after a new york jury finds him guilty of arms trafficking. a very warm welcome to you this is r.t. live from moscow with me recent shea well against the opulent surroundings of the french riviera the political heavyweights of the g twenty discussing how to stop europe's economy being dragged down by greek debt eurozone leaders are holding back the latest rescue payouts athens until a referendum on whether greeks even want to be saved that's past season is now using khanna to get across the relevance of the g twenty anything good to see you gloomy weather gloomy mood i was the atmosphere like where you are. well in fact i was just going to ta

on the greek prime minister and also other g twenty members defending what they call the beating heart of europe that of course the euro how to save it from from just getting out of control but what's happening in greece like you said a communique is expected today as the summit wraps up in france and there the focus is expected to be first of all strengthening the role of the i.m.f. to try to prevent any contagion but a lot of a lot of analysts are saying that we will see the leaders presenting this as they are all on one page in terms of the global economy but it is expected that behind those doors there are some very intense debate about the euro about the g twenty about the emerging economies that they need to have more of a voice we heard from president medvedev speaking about his meeting with fellow brics countries and how they're more than ready to help the eurozone to give money they haven't agreed on the stump but they're putting the condition out that they want their voices to be more heard they put money into the i.m.f. and they want some more say in what happens to the glob

summit is going to influence the g twenty summit twenty summit will focus on the state of the global economy clearly issues related to the possibilities here. are supporting sustainable growth will be in the center of the discussion in the first day of the sun and. for a more technical nature of real way from the national figures caskey honestly for example last year's g twenty summit was worth something that one billion dollars. people don't really think that anything comes out of this and especially when it comes to plausible solutions to the real problems world is facing. for example last summit suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption any of this been implemented. conducted assignments so it's cheaper and cheaper from time to time and money being spent in a more efficient way than before second are the important to understand that while during this time it's more specific decisions are being made. because

and he said that away from the actual summit and t g twenty marches have been held across the french riviera bushell all. protesters must hear monaco really just down the coast from the g. twenty summit in cannes because monaco is a tax free haven and protesters here are saying that a banker for example who got a million euro. public bailout can move here i'm not even pay a single cent in tax on that bonus world leaders at previous g. twenty summit promise to shut down tax havens all types paradises as the demonstrators fight but no action is still being taken on that demonstrators nicolas sarkozy. and barack obama have given an alternative summit press conference we've spoken to the fake nicolas sarkozy who says yes we confirm we're a rich organization the g. twenty is a rich asian for the rich and we don't see anything wrong with the world economy at the moment the fake angela merkel says we're quite happy for greece to have a referendum on whether they should have the euro bailout as long as they vote yes considering the fairly vague official statements coming delta just down the

and events in greece dominate the g twenty summit in france where euro zone leaders are quick to praise the move away from the referendum. and down the road from karen and to g. twenty modules and alternative gatherings are being held surrounded by a massive police operation. oakland streets are littered with tear gas canisters and spent rubber bullets after riot police cracked down on the massive occupy protests that left america's largest port paralyzed. and putting at risk the last remnants of stability in the water on middle east britain puts the final touches on a plan to assist the u.s. in a preemptive strike against iran's alleged nuclear facilities. international news in coming live from moscow with you twenty four hours a day the greek prime minister has backtracked on plans for a national referendum on whether to accept another e.u. handout to save the country from drowning in debt george papandreou his decision to hold a public vote over the brain out drew criticism from abroad and put his government on the verge of collapse but the opposition says it will now support the ide

headlines thousands of europeans occupy the french riviera where the g twenty summit due to kick off thursday crowds angry with the current dire economic situation demand the world leaders focus on helping people rather than corporations . he while he will be there is left stunned by the greek capitals decision to hold a referendum on the latest ballot deal the move led to world markets plunge and predictions that voters will reject the rescue package could spark the euro zone's down for. a moment of truth for the world's most famous a whistleblower julian assange awaits the high court decision on his extradition to sweden over controversial sexual misconduct charges this as his project with the leaks faces financial troubles that could see the website shut down. next the russian president is participating in that g twenty summit going on in france are you sophie shevardnadze spoke with his aide are how you are coping and what russia is planning to achieve there. i've got to go to college thank you very much for being with us today so the global economy is in a pretty bad shape and s

over the next day or two well away from the actual summit itself g g twenty marches have been held across the french riviera analogies daniel bushell has more. protesters marched here at monaco really just down the coast from the g. twenty summit in cannes because monaco is a tax free haven and protesters here are saying that a banker for example who got a million euro. public bailout can move here i'm not even paying a single cent in tax on that bonus world leaders at previous g. twenty summit promise to shut down tax havens all types paradises as they're known and demonstrators are angry at the fact that no action is still being taken on that demonstrators in nicolas sarkozy dressed in ireland local and barack obama mosques have given an alternative summit press conference we've spoken to the fake nicolas sarkozy who says yes we can for a ritual going as a nation the g. twenty is a rich organization for the rich and we don't see anything wrong with the world economy at the moment the fake anger merkel says we're quite happy for greece to have a referendum on whether it should have the e

that sense of disillusionment dominates protests ahead of the g twenty summit in cannes as the world leaders gather to contain the global financial mayhem in the greek it also a referendum although euro zone's a rescue deal has only fuel the flames. let's get right into it while the sports with the. hello there welcome to the sports team thanks for joining us this hour coming up in the bulls. champion's league zuni take a step closer to the north pole stage following a narrow victory over ukrainian archery chuckled the nets. in russia the team in the top european football competition prepared to play away to the troubles in group b. . czech tennis stars talk about their chances of reaching russia in this weekend's that cup final. so we start with the champions league have boosted their chances of qualifying for the knockout stages a narrow one zero victory against the nets in st petersburg last night keeps them in second place in group g. belgium nicholas but with their only goal but at the end of it it was in its second victory of the campaign and their point behind sensational lead

final day of the g twenty here in cannes will have three working sessions and will and with the press conference given by host nicolas sarkozy the greek tragedy has taken over this entire summit other issues pushed aside the latest news of course of the greek prime minister backtracking and saying the referendum won't be held it won't be decided by the people making european leaders here especially the backbone of the euro zone of france and germany very satisfied with the way things are going. to do to the leader of the opposition made a statement indicating that he supported the twenty seventh of october a plan that is a very important and courageous step by step up and true statements also indicate that the referendum is not an end in itself but it was a tool that was going to be considered but since still positions support of the plan then it became less useful if your critics analyzing this in different ways some of them perhaps say the france and germany have basically said you either play by our rules or you get out and greece has decided that this is the way to go that they do

and other financial institutions let's not forget that the g twenty was created at the height of the financial crisis in two thousand and eight and it was meant to widen the spectrum of countries that put in their voices and try to help with global economic solutions and a lot of critics say including these bricks that that hasn't happened yet and he said knowing that one away from the actual summit and the g. twenty is have been held across the french riviera he's done a bushel has more. protesters must hear monaco really just down the coast from the g. twenty summit in cannes because monaco is a tax free haven and protesters here are saying that a banker for example who got a million euro. public bailout can move here i'm not even pay a single cent tax on the bonus world leaders that previous g twenty summit promised to shut down tax havens all types paradises as they're known and demonstrators are angry at the fact that no action is still being taken on that demonstrators in nicolas sarkozy dressed in ireland local and barack obama must have given an alternative summit press confe

twenty what i think i think it will be wrong to place to place an emphasis on the g. twenty the g. twenty clearly has a very critical a very important role to play in the overall management of the global economy but there are of course very many countries who are not part of the of the g twenty i think one of the lessons that is emerging from this period of economic turbulence is perhaps the necessity to look again at the international financial institutions and monetary institutions that are in place to look to see how they can be reformed and how a system of military regulation on a global wide basis can be put in place which provides for a greater degree of stability i think the important thing is that we learn the lessons remember this is this has been a global financial crisis what happened on wall street what happened in many other financial centers reverberations will cross the world and i think we have to go back to why some of that happened that happened because of the creation of new financial products which were not based on economic reality in many cases we saw a period

twenty but i think they will be wrong to place to place an order to emphasis on the g twenty the g twenty clearly has a very critical a very important role to play in the overall management of the global economy but there are of course very many countries who are not part of the of the g twenty i think one of the lessons that is emerging from this period of economic turbulence is perhaps the necessity to look again at the international financial institutions and monetary institutions that are in place to look to see how they can be reformed and how a system of thought i'm sure military regulation on a global wide basis can be put in place which provides for a greater degree of stability i think the important thing is that we learn the lesson remember this is this has been a global financial crisis what happened on wall street what happened in many other financial centers reverberations across the world and i think we have to go back to what i suppose that happened it happened because of the creation of new products which were not based on economic reality in many cases we saw a period of

g twenty marches have been held across the french riviera nullity has done you a bushel has more. protesters most here at monaco really just down the coast from the g. twenty summit in cannes because monaco is a tax free haven and protesters here are saying that a banker for example who got a million euro. public bailout can move here and not even pay a single cent in tax on the bonus world leaders at previous g. twenty summit promise to shut down tax havens all tax paradises as they're known and the demonstrators are angry at the fact that no action is still being taken on that demonstrators in nicolas sarkozy dressed in angola merkel and barack obama must have given an alternative summit press conference we've spoken to the fake nicolas sarkozy who says yes we confirm we're a rich organization the g. twenty is a ritual going as asian for the rich and we don't see anything wrong with the world economy at the moment but we. will move. forward in the region and i want people not only good for him and we want to moshe. the fake angela merkel says we're quite happy for greece to have

opening up a can of worms g. twenty leaders are gathered in france of right now we're hoping to solve the world's problems but tensions running high from protesters in the greek debt crisis come leaders of really solve the global economic drama. and from bad to worse the spirit gas is settling after a night of chaos in oakland but eighty arrests and four injuries couldn't stop this movement from spreading so is oakland becoming a symbol of what of occupy wall street we'll have a report from california. plus are the drums of war beating some say western allies are gearing up for a military action against iran so just how likely is that. and this mood was not made for walking as u.s. courts find russian businessman victor boot guilty of arms dealing was this case decided in the court of public opinion before the verdict was ever read. it's thursday november third eight pm in washington d.c. i'm liz wall and you're watching our t.v. starting off this hour protests rage on in france as the world and those powerful le

g twenty host from says it wants this summit on its picturesque mediterranean coast to reflect the importance of emerging nations in the world but this financial crisis deepens in both the u.s. and european union economists self interest behind nubile claim to involve more writes the column which is really to try to convince those rising economies to put money on the table to the unsustainable currency union of europe in the first place developing countries which saw the west quick to back civil unrest among their population they now see those same western countries coming down hold on public movements in their own backyard and she was like to describe double standards and the primary powers within the g twenty the united states germany britain france the real dominant economic and military powers they want to show a world order a system of states that still has stability when in fact there is instability this summit is an attempt to put a shining face on what is really a failed system there's a scene of chaos not just from the side of protesters but also from the police because there's a hel

g twenty host france says it wants this summit on its picturesque mediterranean coast to reflect the importance of emerging nations in the world but this financial crisis deepens in both the u.s. and european union economists sports self interest behind the claim. more. is really to try to convince those right economists to put money on the table. and sustainable currency union of europe in the first place developing countries which saw the worst quick to civil unrest among their population they no see those same western countries coming down hard on public movements in the room backyard and she was like to describe global standards their primary powers within the g twenty the united states germany britain france the real economic and military powers they want to show a world order and a system of states that still has the ability when in fact there is instability this summit is an attempt to put a shining face on what is really a failed system there's a scene of chaos not just from the side of protesters but also from the police because there's helicopters overhead at the moment you

summit is going to influence the g twenty summit twenty summit will focus on the state of the global economy clearly. issues related to the possibility here or for supporting sustainable or growth will be in the center of the discussion between the first day of the sun and. more technical nature a real way from the passions that you can ask for example last year's twenty summit was worth something that one billion dollars. people don't really think that anything comes out of this and especially when it comes to plausible solutions to the real problems world is facing. for example last summit suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption of any of this been implemented. conductor sun it's so it's cheaper and cheaper from time to time and my new being spent in a more efficient way than before second are that important to understand the while during this time it's more specific decisions are being made. because initia

summit is going to influence the g twenty summit twenty summit will focus on the state of the global economy clearly issues related to the possibility here. are supporting sustainable for growth will be in the center of the discussion between the first day of the sun and. more technical nature real way from the tensions that can scale honestly for example last year's g twenty summit was worth something about one billion dollars. people don't really think that anything comes out of this and especially when it comes to plausible solutions to the real problems world is facing. for example last summit suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption of any of this been implemented. conductor sun it's so it's cheaper and cheaper from time to time it in a minute being spent in a more efficient way and before second are that important to understand the while during this time it's more our specific decisions are being made. a

on the greek prime minister and also other g twenty members defending what they call the beating heart of europe that of course the euro how to save it from from just getting out of control but what's happening in greece like you said a communique is expected today as the summit wraps up in france and there the focus is expected to be first of all strengthening the role of the i.m.f. to try to prevent any contagion but a lot of a lot of analysts are saying that we will see the leaders presenting this is they are all on one page in terms of the global economy but it is expected that behind those doors there are some very intense debate about the euro the g twenty about the emerging economies that they need to have more of a voice we heard from president. speaking about his meeting with fellow brics countries and how they're more than ready to help the eurozone to give money they haven't agreed on this some but they're putting the condition out that they want their voices to be more heard they put money into the i.m.f. and they want some more say in what happens to the global economy to

summit is going to influence the g twenty summit twenty summit will focus on the state of the global economy clearly. issues related to the possibility here or for supporting sustainable growth will be in the center of the discussion in the first day of the sun and. more technical nature of real way from the passions and you can ask for example last year's g twenty summit was worth something about one billion dollars. people don't really think that anything comes out of this and especially when it comes to plausible solutions to the real problems world is facing. for example last summit suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption any of this been implemented. to conduct assignments so it's cheaper and cheaper from time to time and money being spent in a more efficient way than before second are the important understand the while during this time it's more specific decisions are being made. because initial four po

twenty what i think i think it will be wrong to place to place an emphasis on the g. twenty the g. twenty to really has a very critical a very important role to play in the overall management of the global economy but there are of course very many countries who are not part of the of the g. twenty i think one of the lessons that is emerging from this period of economic turbulence is perhaps the necessity to look again at the international financial institutions and monetary institutions that are in place to look to see how they can be reformed and how a system of military regulation on a global wide basis can be put in place which provides for a greater degree of stability i think the important thing is that we learned the lesson remember this is this has been a global financial crisis what happened on wall street what happened in many of the financial centers reverberations will cross the world and i think we have to go back to why that happened what happened because of the creation of new financial products which were not based on economic reality in many cases we saw a period of

summit is going to influence the g twenty summit it will focus on the state of the global economy clearly. related to the possibility here or for supporting sustainable growth will be in the center of the discussion between the first day of the sun and. for more technical nature real move far away from the passions that can scale honestly for example last year's g twenty summit was worth something or at one billion dollars. people don't really think that anything comes out of the stands especially when it comes to plausible solutions to the real problems world is facing. for example last summer suggested that world needs more financial regulation and that countries with big budget deficits should cut those deficits and the countries with large surpluses in external trade should encourage internal consumption any incremental. back to the sun it's so it's cheaper and cheaper from five percent and mind you being spread out more efficient way than before the second are as important to understand that while you're in the sun it's more are specific decisions are being made. accordingly tional f

leaders in the g. twenty leaders saying that the referendum sent in fact have a direct effect on the euro and the greek decision so a lot of different kinds of information coming out not just gives you more proof as to how unstable the situation is in terms of the euro crisis and the currency it's been a real mess and greece this week a lot of different reports the prime minister sacking most of his high ranking military staffs rumors of a coup none of that of course has been confirmed so a lot of people here biting their fingers waiting to see what happens will the greek prime minister resign or not and then what of course does that mean for the country's stability and the euro i mean so let's let's try to focus now on the summit itself or have there been any realistic solutions are put forward for the european debt crisis or is this just another example another summit political heavyweights get together enjoy the champagne and really get nothing done. well first of has been said that originally the a

and other financial institutions let's not forget that the g twenty was created at the height of the financial crisis in two thousand and eight and it was meant to widen the spectrum of countries that put in their voices and try to help with global economic solutions and a lot of critics say including these bricks that that hasn't happened yet. and while the world leader is struggling to find a way out of the financial instability and g. twenty protests have been held across the french riviera she's done a noble show report. protesters must hear monaco really just down the coast from the g. twenty summit in cannes because monaco is a tax free haven and protesters here are saying that a banker for example who got a million euro. public bailout can move here not even pay a single cent tax on the bonus world leaders at previous g. twenty summit promise to shut down tax havens all types paradises as they're known and demonstrators are angry at the fact that no action is still being taken on that demonstrators in nicolas sarkozy dressed in anger merkel and barack obama mosques have given

as sense of disillusionment dominates approaches ahead of the g twenty summit in cannes as world leaders gather to contain the global financial mayhem and the greek announcement of a referendum on the euro zone's risky deal is only fuelled the flames. i'll be back with another summary for you quite soon in about fifty minutes from now in the meantime the russian president will be at the g twenty summit taking place this week in france not you so if you are not so has been speaking to his aide on a pretty vocal which russia is planning to achieve that interviews next week on nazi. i've got it backwards thank you very much for being with us today so the global economy is in a pretty bad shape and it specially the eurozone for a cardless the last year summit is going to influence the g twenty summit it will focus on the state of the global economy are clearly. issues related to all the possibilities here for supporting sustainable growth will be in the center of the discussion between the first day of the sun and. one more technical nature real more for a way from the national interest can

bailout it come under pressure from leaders meeting at the g twenty summit in france not to go ahead with a vote and put the euro zone risk on artie's and he said now it is in can. only search it appears now that the referendum plans have been ditched what does this mean now. that's right it also looks like the greek prime minister is not going to resign earlier there were reports that it was pretty much imminent that he would step down it looks like the referendum which he announced very surprisingly just ahead of this summit on the next massive bailouts from the e.u. to try to save their economy will be cancelled he had just announced it would be held on december fourth on the eve of this summit pressure coming from angela merkel and host nicolas sarkozy that he can go ahead and hold that referendum but if cuts are not made and the greek public does vote no then they would not receive well this morning he went back to athens emergency cabinet meeting was held and it became very clear that between the prime minister and the finance minister there was an agreement really the finance

twenty summit which has just wrapped up and it's been a little drama filled even before the g twenty started greek prime minister george hopkins rael was summoned by german chancellor angela merkel and french president nicolas sarkozy it was called by some an emergency meeting and by others a scolding up and where you may remember wanted to let his people the people of greece vote on whether or not they would accept the bailout plan that was fought so hard for he has sensed. change his mind about that vote cancel it later tonight there will be a vote on him a confidence vote which could decide whether he stays in power so you can see the focus of the entire summit this year the euro crisis and what's happened in greece so what came out of it well essentially european leaders want to set the guidelines the rules and they have demanded that for countries that want to remain in the euro zone well i want to play by those rules also coming out of the summit an increased role for the international monetary fund which will now basically be able to keep a closer eye on italy another country

leaders in the g. twenty leaders saying that the referendum sent in fact have a direct facts on the euro in the greek decision so a lot of different kinds of information coming out not just gives you more proof as to how unstable the situation is in terms of the euro crisis and the currency it's been a real mess and greece this week a lot of different reports the prime minister sacking most of his high ranking military staff rumors of a coup none of that of course has been confirmed so a lot of people here biting their fingers waiting to see what happens will the greek prime minister resign or not and then what of course does that mean for the country's stability and the euro i mean so let's let's try to focus now on the summit itself or have there been any realistic solutions up before for the european debt crisis or is this just another example another summit political heavyweights to get together enjoy the champagne and really get nothing done. well first it has been said that originally the agenda

political uncertainty in crisis greece is dominating the g twenty meeting in france there are reports that the prime minister papandreou has scrapped plans for a national referendum on whether to accept another e.u. burnout it come under pressure from leaders meeting at the g twenty summit in france not to go ahead with the vote and put the eurozone on auntie's and he said now he is in cannes so at least it appears now that the referendum plans have been ditched what does this mean now. that's right it also looks like the greek prime minister is not going to resign earlier there were reports that it was pretty much imminent that he would step down it looks like the referendum which he announced very surprisingly just ahead of this summit on the next massive bailouts from the e.u. to try to save their economy will be cancelled he had just announced it would be held on december fourth on the eve of this summit pressure coming from angela merkel and host nicolas sarkozy that he can go ahead and hold that referendum but if costs are not made and the greek public does vote no then they wou

as the greek the national turmoil dominates the g twenty summit in france protesters gathering nearby resort to new methods of drawing world leaders attention to people's problems by mocking the meeting. back from mars the longest simulation in space history drawing to a close as six volunteers about to leave their mock space ship and see daylight for the first time in more than five hundred days. and a british student could be handed over to u.s. authorities for alleged internet piracy committed on home soil thanks to a controversial extradition treaty between the two countries. now i am in moscow i match president good to have you with us here on r t our top story it's going to be another day of roller coaster news for the greek greeks where the government faces a crucial confidence vote the prime minister george papandreou has already made a u. turn on plans to hold a referendum on the e.u. bailout proposal that was under heavy pressure not just from world leaders but also from his own government which is turning up the volume on calls for him to step down mikey sarah ferguson more