and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a eurozone problem but secondly. merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may get into the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the halls of process in berlin certainly is and will be covering a four year old r.t. and as germany deals with one of its tax havens then its citizens rick recently popping up in another panama submerged is home to hundreds of shell companies headed by top german bankers car manufacturers an entrepreneur as well as the family's revelation was made by a hacker who published their names and companies online a stimulus and a huge of the world economy is now in tax havens people people did do it don't have an easy way to to feel however h

on depositors are cypriots. and the notion that. russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair down what do you think about that because i mean we should go ahead but i you know i think that there's a there's more money involved here there's there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deposit i don't think it's nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that malta is the

on depositors are cypriots. and the notion that. russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair don't you think about that because i mean we should go ahead but i you know i think that there's a there's more money involved here there's there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deposit i don't think just nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that maltose the next de

depositors are cypriots. and the notion that. russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair done what do you think about that because i mean we always go ahead. you know i think that there's a there's more money involved here there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deposit i don't think is nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that malta is the next destinati

on depositors are cypriots. and the notion that. russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair don't you think about that because i mean we always go ahead. you know i think that there's a there's more money involved here there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deposit i don't think it's nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that malta is the next destination ri

cypriots panic over billions in frozen savings on the lash out at their government and goodbye good job cuts the harsh treatment from europe. china and russia as top companies sign off massive oil and gas supply deals bolstering ties during the new chinese leaders visit to moscow his first official foreign trip to bring up to speed on but today. i'm glad tunnel by officials acknowledge the number of hunger strikers at the detention center is growing while having rights groups put the figure out over one hundred. we're getting them just joined us coming up here in our team tonight to our top story the as you just heard thousands of anti-government protesters a clashing with riot police outside the muslim brotherhood headquarters in the egyptian capital cairo reports of come in saying that over seventy people have already been injured that's the indication anyway ati's bell true is therefore it's not about what's going to bring us up to speed on this latest violence he's. going to. seize he punted week and we're going to take or take but i'm certain the good people i keep thinking if i ge

no the cypriot parliament has passed a series of bills which review part of a package that they will present to the troika to get approval in order to get the ten billion euro bailout they needed to save their country from bankruptcy their banks essentially now one of these bills pass is one on capital controls it could be imposed on banks this essentially means restricting the access of some people or to their accounts and also restricting the flow of money in and out of cypriot bank accounts of the other bill passes creating that solidarity fund which essentially means pooling state assets together to create this fund to contribute to the amount of money they need to present in order to get that bailout again and another bill that was approved was restructuring banks out of people started protesting on the streets when it was announced that one of the conditions is imposing a tax on bank deposits of cypriot bank account holders and the people were certainly not happy with this this would eat into their savings they were worried that they will lose that amount of money now this is s

on depositors are cypriots. and the notion that russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair don't do you think about that because i mean we always go ahead but i you know i think that there's a there's more money involved here there's there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deploy why don't they just nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that malta is the next

possible ways out of this limbo is what cypriot and e.u. officials continue to discuss in moscow so far no deal has been reached even with russia at the table for more on this let's cross live now to. alexey presumably the finance minister came here looking for a quick solution but it doesn't look like he's going to get one does it. well the fact that the european and cypriot officials are now in mosco clearly suggests that the russian capital still remains an epicenter of the attempts to rescue the cypriot economy the question is whether this will happen during the meeting between the prime minister meeting mediated and the european and cypriot officials must go on its behalf. it's quite clear whether most would be able to help here because the cypriot finance minister has been saying that his visit to moscow is not about for another loan from russia but rather try to attract investment into banking sector and into a natural resources development. analysts are speculating whether most would be interested in that of for two reasons because

we saw it in cypriot banks, cypriot stocks reopen not happening. they will be staying closed until at least thursday. largely looking down on the dow by 14 points. the nasdaq and the s&p pointing higher when it did emerge that cypress wouldn't be voting and not approving the terms of the bailout last night. we're still waiting for the final confirmation on the timing of that vote. not so much market nervousness here. the ftse cnbc global 300 is down by 0.1%. as we look at major european markets, the ftse mib has not flipped negative, but it was positive. giving up 0.3% as spain did just indicate its bad loan ratio continues to rise. the ftse 100 giving up 0.1%. we'll watch today and see whether some of these bourses in the safer haven i.e. britain, i.e. germany can flip back into the green. here is a look at some of the top gainers and losers on the board. spain, they came out 2.9% higher despite the horse meat scandals in britain. they did surprise to the up side with their sales ratio. we see the national bank of greece better than 7%. there is s

on depositors are cypriots. and the notion that russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair don't you think about that because i mean we always go ahead. you know i think that there's a there's more money involved here there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deposit i don't think just nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that malta is the next destination rig

and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a euro zone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may get into the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the halls of brussels and berlin was germany deals one tax saving it citizens increasingly propping up another panama submerged is home to hundreds of shell companies headed by top german bank is come when you factor is known trooper nurse as well as the families but revelation was made by a hacker who published the names and companies online so quick listen a huge of the world economy. is now in tax havens people people they do don't have an easy way to to feel how or how hellish quality work they should be aware that a lot of rich ar

and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a euro zone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may get into the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the halls of brussels and berlin well the escalating crisis in cyprus is sending shivers all across the euro zone emerging markets analyst a mediator nonny told r.t. slovenia could be next in line looking for an e.u. bailout. the cypriot crisis will have broad based impacts across the eurozone and across the wider region but one country that stands out in particular is slovenia slovenia has been standing out as a potential candidate for seeking international bailout for much of the past year and now that we have had the crisis in cypru

and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a euro zone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may get into the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the halls of brussels and berlin the escalating crisis in cyprus is sending shivers all across the euro zone emerging markets analyst and mediator nonito darts a sort of ania could be the next in line looking for any bailout. the cypriot crisis will have broad based impacts across the eurozone and across the wider region but one country that stands out in particular is slovenia slovenia has been standing out as a potential candidate for seeking international bailout for much of the past year and now that we have had the crisis in cypru

no the cypriot parliament has passed a series of bills which review part of a package that they will present to the troika to get approval in order to get the ten billion euro bailout they needed to save their country from bankruptcy their banks essentially now one of these bills pass is one on capital controls it could be imposed on bags essentially means restricting the access of some people or to their accounts and also restricting the flow of money in and out of cypriot bank accounts of the other bill passes creating that solidarity fund which essentially means pooling state assets together to create this fund to contribute to the amount of money they need to present in order to get that bailout again and another bill that was approved was restructuring banks up the people started protesting on the streets when it was announced that one of the conditions is imposing a tax on bank deposits of cypriot bank account holders and the people were certainly not happy with this this would eat into their savings they were worried that they will lose that amount of money now this is still a

are cypriots. and the notion that. russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair don't do you think about that because i mean we always go ahead. you know i think that there's a there's more money involved here there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deposit i don't think it's nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that malta is the next destination

on depositors are cypriots. and the notion that. russian oligarchs and so on are being burned by this is really put about in germany in order to justify the very harsh treatment of cypriot savers chair don't do you think about that because i mean we always go ahead. you know i think that there's a there's more money involved here there's close to about thirty billion of russian money they're estimating twenty billion losses for russian deposits themselves and remember that it's a range of tax that they are implying anybody with over one hundred thousand euros will be charged close to ten percent there is no other way around this they have to raise the money unfortunately they're going after also the small deposit i don't think just nationalize the banks just nationalize the banks why not. well tell you what's already happening is all money will be leaving these banks no southern european country is going to have a foreign deposit in there anymore michael what do you think about that maters the next destination r

and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a eurozone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may get into the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the halls of brussels and berlin while the escalating crisis in cyprus is sending shivers all across the euro zone emerging markets analyst a millionaire nonito dotty savain you could be next in line looking for an easy bailout. the cypriot crisis will have broad based impacts across the eurozone and across the wider region but one country that stands out in particular is slovenia slovenia has been standing out as a potential candidate for seeking international bailout for much of the past year and now that we have had the crisis in cyp

pressure brussels once the cypriot parliament to push through a highly unpopular tax that could wipe out ten percent of people savings the proposal has already been rejected once but there's growing concern that cyber is a will be forced to accept it the country's banks have been paralyzed for almost a week now and as a silly boy. so people are bracing themselves. all of this panic this negativity started of course on the announcement over the weekend from brussels that in order to get a ten billion euro bailout package cyprus will have to cough up about five point eight billion in the suggestion was to impose a tax on back holders deposits now ninety one percent of cypriots according to a poll have been against. back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. they're going to start. to. look for this stuff. and t

the cypriot parliament has passed a series of bills which review part of a package that they will present to the troika to get approval in order to get the ten billion euro bailout they needed to save their country from bankruptcy their banks essentially now one of these bills pass is one on capital controls it could be imposed on bags essentially means restricting the access of some people or to their accounts and also restricting the flow of money in and out of cypriot bank accounts of the other bill passes creating that solidarity fund which essentially means pooling state assets together to create this fund to contribute to the amount of money they need to present in order to get that fail out again and another bill that was approved was restructuring banks and the people started protesting on the streets when it was announced that one of the conditions is imposing a a tax on bank deposits of cypriot bank account holders and the people were certainly not happy with this this would eat into their savings they were worried that they will lose that amount of money now this is still a que

riot police have cordoned off the cypriot polman as angry crowds to descend on the legislature for a fifth day running the protesters are urging the government not to bend to e.u. pressure brussels once the super to parliament to push through a highly unpopular tax that could wipe out ten percent of people savings the proposal has already been rejected once but there's growing concern that cyprus will be forced to accept it the country's banks have been paralyzed for almost a week now and syria reports people are bracing themselves for the worst. all of this a panic this negativity started of course on the announcement over the weekend from brussels that in order to get a ten billion euro bailout package cyprus will have to cough up about five point eight billion of the suggestion was to impose a back to levy tax on back holders deposits now ninety one percent of cypriots according to a poll have been against. back tax and there we've seen protests on the streets of people angry really at the e.u. at the troika and specifically a germany they feel of the country has been cornered int

program in place now this means if there really is a cash problem on the ground cypriots going to be in the morning trying to get as much cash as they could some have told me that the limit on their cars and the amount that they could take for the change has been lowered we've also been speaking to some shopkeepers they're really having a problem big losses in their business and it's been a headache for them since this started. my business is down over seventy percent in just the last few days. are you really worried. and one of the direct effects of the financial predicament you can already feel on the ground here the size of it put up only. we really want to hold on to as much cash as they could as the banks will be closed until next week and really they're not confident that the banks will reopen when they govern. just to be safe you can see the signs if you don't have cash you won't get. to pay for all our people working here. something we have to play in cash so we. know as the political leaders along with the financial sector here try to figure out a way to maneuver the country

bailout package was the right in considering what the cypriots were dealing with what have multi gets into that sort of trouble too and what if you know that the rest of the e.u. decides that hey you also need to put some levies on your bags what then will this be still be the correct way of dealing with the situation although you be having you know will you be standing up for yourselves now because now it's not happening to you it's happening to somebody else. well look at some of some local politicians because reactions to the bank clinton measure have been mixed some analysts have said have welcomed it by so. that you know it is it is it is not fair that european bus fares as a whole have to shoulder the burden for a new bailout however some of their local politicians have said that the bible if you violate the trust the that exist between us and deposit holders so reactions have been mixed regarding where there were into trouble well it is still very early basis and what would happen if mortar rounds into trouble was something that the supreme bailout has shown is that the e.u. is

and here's what's coming up tonight on the big picture cypriots have rejected the e.u. harsh bailout plan so what happens next it's as richard wolffe coming up in a moment also what does the sequester mean for small business owners so i would elliot richardson and find out how every day entrepreneurs are surviving in the age of austerity and the mainstream media bought bush's iraq wise folk line and sinker it's time we made them pay tell you why and i'd simply take. you need to know this cyprus bailout crisis is far from over and the worst may yet to become maybe yet to come tuesday's cypresses parliament voted down and e.u. and i.m.f. sponsored deal that would have bailed out that island's failing banks in exchange for slapping depositors with either a six point seven five or nine point nine percent levy a tax essential on their savings accounts. officials the plan was intended to make wealthy foreigners who often use cyprus as a tax haven pay for the bailout but the plan would have forced all separate account holders not just the wealthy to pay for the bank's toure's

the cypriot government is due to present the e.u. and i.m.f. with a new plan that dubbed plan b. a bailout that's got a german perspective on the crisis now with andrea's a d. together who is a free voter is a new candidate for the very an apollo meant message get chancellor merkel has warned that disciple is not to try the choice because patient doesn't those kind of rhetoric make the situation worse. it makes the situation well re complicated because the bailout. german chancellor plans will not bring a sustainable solution for cyprus cyprus as a debt problem doesn't that overhead which kind of pay and you cannot solve this situation by adding debt like the term billion now the european union is willing to pay as our no one has a guarantee whatever about this will be no sustainable solution put in bloom post austerity to the people of cyprus it may well impose bible will lead to lower waiters lower prices so this is no solution and therefore one burg. no solutions but many ordinary cypriots feel germany's pressure pressuring the country to ad

cypriot banks reopened. capital control restrictions and while the threat of mass forfeiture over thousands of businesses. the war. across the internet and the victims of what some are claiming is the biggest cyber attack ever to hit life online. and a. jet. to the international space station. all goes according to plan for the ice cream. it's great to have you with us here on our to today. live in moscow more accusations of mistreatment of being hurled to jail in the guantanamo bay detention facility and the inmates who are refusing food over harsh conditions personnel there are now depriving them of drinking water and keeping temperatures inside the freezing point that's despite fears the hunger protest could soon lead to fatalities here and we spoke to us a force lieutenant colonel. a military lawyer who's right now he told us about his own clients plight. you know. you know you forget paul he even. playing that week he went from one forty seven down to one hundred seven i mean he was only one third of bo

in that cypriot's words, the negotiations are in a very delicate phase. the monday deadline is looming. whatever is agreed in brussels still needs to be adopted by the cypriot parliament. that is by no means certain. >> i'm following the story for us with our correspondent. bring us up-to-date. >> the euro groups finance ministers are in brussels here. they're waiting for the meeting to start. at meeting was originally scheduled for 6:00 local time. that would've been two hours ago. that meeting was delayed by two hours. we're expecting them to start negotiations now, but nothing has been confirmed yet. they haven't started. it's all been very confusing. it didn't look until the very last minute until before the meeting that there was a deal. there were reports that cyprus could need 2 billion euros more than what was initially on the table. it's all very uncertain. >> the reason for that delay is the president of cyprus is still locked in these talks with the ecb, imf, european commission. why are these talks dragging on for so long? parliamente cypriot

see live at eleven pm here in moscow tonight a heavy police presence on the streets of the cypriot capital crowds are gathering angered by the country's uncertain future live pictures here from nicosia provided by artie's video agency ruptly you want to get across them of course you can on our website r.t. dot com. any time cyprus officials and your across to send here to moscow to thrash out a three way rescue is the island scenes overseas shuttered banks cold shoulder from europe brooke cross that story tonight for you and more big news of the day a top loyalist cleric dies in a huge blast at a mosque in central damascus this after the u.n. agrees to launch a probe into accusations of a deadly chemical attack that was carried out near aleppo. barack obama meets leader mahmoud abbas urging the palestinian authority and israel to start peace talks but leaving many disillusioned and disappointed over the lack of real action we're across that story to this hour. good evening live from moscow this is our to international it's kevin owen here with very good to have your company while the top s

on the causes ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really at the e.u. . and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. well the mood here in nicosia cyprus remains rather negative it seems of the people feel that there was one after another the latest european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there is an i.m.f. program in place this means that there really is a problem on the ground. early in the morning trying to get as much cash as they could have told me that the limit on their cars up to the amount that they could take for the bag has changed has been lowered we've also been speaking to some shopkeepers they're really having a problem be seen big losses in their business and it's been a headache for them since this

leaders have jeopardized the entire cypriot financial system. i don't think that it's correct to speak for the bailout because this is no the bailout it can be best described as an overnight us as a nation because we've. taken a little group they have pretty much the story forty percent of the quantum and now the we also add on top of the problem that we have another little. understand that the math doesn't work but facing a new part of the i mean in the european union this is the first time that he has this has been done but it's like planting a bomb in destruction of the financial system itself therefore i don't see how any any. people can to put their money in the banks when now that we would have a program twice or even more as bad as it was before then obviously there would be a freeze for new levy on the fund deposits so how are they expected to keep that the poses in the banks and if the when or how are the banks supposed to continue well here are still gauging your opinion on this story would like to know what you think about the ongoing

cypriot banks reopened paralyzing capital control restrictions on the threat of a massive government grab hangs heavily over thousands of businesses and. wall hosting service in a spam filtering group clash across the internet in what some are claiming is the biggest cyber attack. online. at a slow u.s. rocket is set to jet three cosmonauts off to the international space station but this time. it's time to plan they say they'll be up well before the ice cream even starts to melt. just after seven pm moscow time this is r t with me will receive it's good to have you with us today. more accusations of mistreatment of being a holder j. lo's in the guantanamo bay detention facility the inmates who are refusing food over harsh conditions claim personnel there are now depriving them of drinking water and a keeping temperatures inside the camp near freezing point that's despite fears the hunger protest could soon lead to fatalities we did speak to u.s. air force lieutenant colonel barry when god and military lawyer who's on guantanamo right now he told us about his own clients plight. you k

and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a eurozone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until. the political process or may get into the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the halls of process in berlin the escalating crisis in cyprus is sending shivers all across that the euro zone emerging markets analyst many ronnie told r.t. sylvania could be next in line looking for an e.u. bailout. the cypriot crisis will have broad based impacts across the eurozone and across the wider region but one country that stands out in particular is slovenia slovenia has been standing out as a potential candidate for seeking international bailout for much of the past year and now that we have had the crisis in cyprus form of the proposed b

program in place now this means that the really is a cash problem on the ground cypriots going out to a.t.m.'s early in the morning trying to get as much cash as they could as some have told me that there's a limit on their cars to the amount that they can take for the bank has changed has been lowered they've also been speaking to some shopkeepers they're really having a problem be seen big losses in their business and it's been a headache for them since this started. my business is down over seventy percent in just the last few days. and you really read that. and one of the direct effects of the financial predicament cyprus is you can already feel on the ground here the size of it put up only cash no visa cards allowed at this gas station they really want to hold on to was much cash as they could as the banks will be closed until next week and really they're not confident that the banks will reopen when the government said it would just to be safe you can see the size if you don't have cash you won't get. to pay. for our people. something we have to pay in cash so we take on the que

program in place now this means that there really is a cash problem on the ground cypriots going out to early in the morning trying to get as much cash as they have told me that the limit on their cars the amount that they can take for the change has been lowered we've also been speaking to some shopkeepers they're really having a problem big losses in their business and it's been a headache for them since this started. my business is down over seventy percent in just the last few days. and you really read that. and one of the direct effects of the financial predicament you can already feel on the ground here the size of it put up only. at this gas station they really want to hold on to as much cash as they could as the banks will be closed until next week and really they're not confident that the banks will reopen when they govern. just to be safe because he decides if you don't have cash you won't get. to pay for our people. something we have to play in cash so we. now as a political leader is along with the financial sector here try to figure out a way to maneuver the country out

carolin roth is in the cypriot capital. carolin, it looks like there's not going to be this parliamentary session at this point. when can we expect the cypriots to put forward their latest plan? how are they going to come up with 30% of gdp? >> that's a very good question, kelly. first of all, it has been delayed by more than an hour now. we're hearing it could be delayed by another half hour, one hour. one of the lawmakers was walking into the parliament told me things are looking very, very bad at this point. they're going to be debating and voting on the three bills. the first one is the most contentious one. it's the banking bill. they're talking about winding down cyprus's second biggest banks which is going to be split into a good bank and a bad bank. the second bill is going to be on the called solidarity fund. among other things, this includes the nationalization of pension funds. the third one is a bill on capital controls which would be implemented once things open on tuesday. thou, one question is whether parliam

is following the torturous debate in the country's parliament and the mood on the streets there the cypriot problem it has passed a series of bills which will be part of a package that they will present to the troika to get approval in order to get the ten billion euro bailout they needed to save. see there banks essentially now one of these bills pass is one on capital controls it could be imposed on banks essentially means restricting the access of some people or to their accounts and also restricting the flow of money in and out of cypriot bank accounts of the other bill passes creating that solidarity fund which essentially means pooling state assets together to create this fund to contribute to the amount of money they need to present in order to get that bailout again and another bill that was approved was restructuring banks so that people started protesting on the streets when it was announced that one of the conditions is imposing a tax on bank deposits of cypriot bank account holders of the people were certainly not happy with this this would eat into their savings they were worri

the cypriot finance minister is explained that the country doesn't need a new loan from russia but it needs investment in exchange for this investment it's ready to offer shares in its banking and energy sector the minister has been in moscow for the last few days in negotiating with russian officials so far he says there's been no official offer but he stressed that he's not leaving until an agreement is reached in the meantime a delegation of senior european union officials is also in the russian capital including the head of the european commission amount of barros of course they're also discussing the crisis in cyprus and earlier russia's prime minister dmitry did if i said really strong words to say about the situation but. so far the e.u. together with the cyprus parliament have unfortunately acted like a bull in a china shop i think all possible mistakes which could have been made in the situation have been made slow enough bustled little of the prime minister didn't stop there he also compared the european union's officials approach to the crisis to how soviet authorities down

and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a euro zone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may gain the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the homes of crossings and berlin. the escalating crisis cyprus is sending shivers all across the eurozone and the next crisis to merge could be another small economy struggling with a heavily indebted bank sector slovenia the i.m.f. says that baghdad is increasing among some state run banks let's take a look at this now the bad a dead at three of the country's leading banks was that fifteen point six percent of the total loans now in twenty eleven figures started to rise to twenty point five percent last yeah they did quasar on seven bill

cypriot banks reopened under paralyzing capital control restrictions well the threat of a massive government grab hangs heavily over thousands of businesses. as the bloody civil war brings more devastation in syria fears grow strong in the u.k. that some of its muslims nationals who were allegedly fighting on the rebel side may bring the conflict. but the largest hunger strike in america's war on terror a prison. he says the inmates are cut off from their basic rights and to waste away behind bars. rocket. jets three cosmonauts to the international space station in record time and if all goes to plan they say before their ice cream melts stories another still to come here an. international news is coming from a studio in moscow this is where the twenty four hours a day a war appears to be waging across the internet it began when the anti spam group called spamhaus put the web hosting company cyber bunker on its blacklist the host is allegedly struck with a hacker attack of unprecedented scale according to spamhaus the assault was so powerful it slowed internet access worldwide new video agen

wife marty moscow nine a heavy police presence on the streets of the cypriot capital crowds as you can see there a gathering wife right now angered by their country's uncertain future is a live pictures from the can see it provided video agency rather you can follow him online as well going to our correspondent live to talk about that next also headlining as well cyprus officials and euro crowds to settle moscow to try to thrash out a three way rescue as the island cvs over those shattered banks in a cold shoulder from europe all the night's big story is a rocket attack on israel's modern visit to the region as he meets palestinian leader mahmoud abbas with prospects of the trip bringing stability is still a distant hope we follow up the story of our correspondent. and the united nations is to investigate the alleged deadly chemical attack in aleppo after demands for a probe from both the syrian government and the opposition if you cues each other of the assault. very good evening says r t live at nine money kevin would be with us the top story the news you just heard cypriot serafin t

and cypriot officials are scrambling. to come up with an alternative an alternative school scheme before banks reopen next tuesday march twenty sixth allen's finance ministry for one as suggested accepting the e.u. bailout on the condition that exempts smaller account holders from the lobby of the european finance ministers like francis pure mosco moscow d.c. have also expressed support for such an exception and at the same time however the cypriot government is also exploring a bailout plan with russia which is not part of the e.u. any agreement with russia would likely include access to cyprus as natural gas fields as part of the deal meanwhile the cypriot stock exchange remains closed regardless of what happens next this mediterranean fiasco reveals a lot about the euro zone's financial crisis and the motivations of the powers that be who have been managing it over the past four years it was an obvious when germany and other leading powers first for savage austerity measures on greece italy and spain it should be now e

broadcasting live from our studios in moscow this is r t i'm sean thomas glad to have you with us now cypriots woke up on saturday to some very unpleasant news those with a six figure bank accounts will see up to sixty percent of their savings seized by the government to meet the conditions of an e.u. bailout that's on top of a draconian capital controls in the country currently daily cash withdrawals are limited to three hundred euros per person per bank no jacks can be cashed and payments and transfers outside cyprus are limited to five thousand euros a month while those travelling abroad are not permitted to take more than one thousand euros with them the restrictions have been imposed for an indefinite period and as parties test our silly reports families are already feeling the pinch . like many in cyprus need us agree this is simply stunned at the speed and manner with which the banking crisis in his country seems to be spiraling out of control he shows us his wallet no cash a lean lottery tickets a single parent unemployed and caring for his sick mother you know raveling of cyprus's fin

back to the bailout plan it's all too clear to ordinary cypriots who is going to be very deprived need is his mother for example have a monthly pension cut from one thousand one hundred eighty nine year olds to just over one thousand a month ago why they cut from the simple people who have special needs they cut from the people for his part allies question all cypriots would like answered as well. yes or sylvia r.t. because c.s. cyprus. the capital nicosia has indeed been hit by a wave of protests throughout the week about all this with people venting their frustration over the controversial measures business insults in germany to favor says the e.u. is approach to solving the cypriot crisis has been far from ideal i think the debate here is obviously much broader than the particular case of cyprus and the political message that's being conveyed behind the the high end of the base and have been going on for the last week or so are clearly underlining. the lack of a lack of vision behind europe's bailout the particular case of cyprus shows a political move where we're we're we're trying

as you can imagine cypriots are livid across the alan they're gathering around a.t.m.'s to withdraw their life savings before the harsh levies take effect other cypriots are gathering in the capital the capital nicosia and other cities to protest the terms of the bailout and to urge their newly elected government to reject it according to the e.u. and the i.m.f. their plan is designed to make the wealthy russians who use cyprus is a tax haven pay their fair share russia is not a member of the e.u. in the possibilities of subsidizing non e.u. bank accounts it's not a politically popular position for the leaders of large euro zone countries like germany and france but this explanation really doesn't make much sense at all why should anyone wealthy foreigner or not after pay for a crisis they didn't cause poor decisions by bank executives not savings accounts cause this crisis what's even more ridiculous is the fact that the e.u. levy will mostly punish working class cypriots remember the plan mandates a six point seven five percent cut from all accounts holding less than

deal i suspect by the way that's one of the reasons why the cypriot finance minister's visit to moscow last week ended in failure because the e.u. told him he had to sign an easy to deal not a russian deal and the european central bank i repeat illegally threatened a monetary blockade in order to achieve that out there i mean do you think the average person or cyprus is really understanding what's going on here we've seen the tensions out on the streets as well the accounts are getting pilfered people are losing money left right and center and here we have tension on the rise with matters of job losses as well what do you forecast for the near term short term future i think the people in cyprus probably understand better than most of us what's going on because although the propaganda is absolutely dead. to clear the german media this morning about how all the money is held by russians and how all these russians are criminals from metal deserve to have money taken away they will ultimately be some other people cypriots and other nationals who also have accounts with more than one hundre

the repercussions of the cypriot bailout deal are being debated right now in our dog car there that's where we're asking you what you make of the masses seizure of funds from the largest cypriots depositors' now let's take a look at what you've said so far on the line now majority of you at fifty eight percent believe that the bailout a will become a model for future seizures this hour less than thirty percent of you dave think that you're expecting a stampede of banga runs across the european union because of this ten percent of you they think that this is overturned it will be overturned by public opposition while six percent of you think that it's a one off event if so unpopular it want to be repeated now we want to know what you think so go to our tea dot com and tell us what you think. lawyers for one time a bay detainees are say some of their clients are preparing to die as the mess hunger strike at the facility nears of the two month mark but the u.s. military claims only thirty seven captives are refusing all food and continues to deny claims that more than one hundred detaine

causes ninety one percent of cypriots according to a poll have been against. we've seen protests on the streets of people angry really . and specifically a germany they feel of the country has been cornered into a position where they really have no choice but to take a very hard decision now here's what some of the cypriots feel right now towards europe. where the mood here in nicosia cyprus remains rather negative it seems of the people feel that they're receiving one after another the latest the european central bank will only continue to provide liquidity to the country until monday and after that it will only continue to do so if there is an i.m.f. program in. there really is a problem on the ground cypriots going out to early in the morning trying to get as much cash as they could have told me that the limit on their cars of amount that they could take for the bank has been lowered we've also been speaking to some shopkeepers they're really having a problem big losses in their business and it's been a headache for them since this started. my business. dow

live we are to new center attend a heavy police presence on the streets so the cypriot capital tonight where crowds gathering angered by the country's uncertain future looking at live pictures now from nicosia provide a video agency ruptly more than online crossing the shortly other headlines cyprus officials near across to setting off. showed a three way rescue is the island scenes over the shuttered banks of the cold shoulder from europe. in a more top stories a rocket attack on israel miles of his visit to the region as he meets palestinian leader mahmoud abbas with prospects of the trip bringing stability still a distant hope we've got live comment on that they say. plus the united nations is to investigate the alleged deadly chemical attack in aleppo now following demands for a probe from both the syrian government and the opposition is accused each other of the assault. all over again he has just joined us it's kevin live q. tonight in moscow and the big news this cypriots feeling the squeeze still with angry crowds now pressing on parliament tonight denouncing a nationwide bank

live in moscow with your news from around the world cypriots have been actually waiting for banks to reopen on tuesday but their doors remain closed all banks on the island will stay shut until. capital flows will be temporarily restricted as a last ditch bailout deal may be hailed as a relief by the government and the e.u. but well it's certainly no comfort for people struggling to try and withdraw money reporting from the. is that at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout it needs and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one hundred thousand euros that are uninsured will have to take a huge here a lost whatever money they have here and many cypriots for the past week have begun to motional rollercoaster wondering what is going to happen to their money to their savings and they look at this example one day it was here the next day it is it and they're wondering is the same thing going to happen to their jobs or their savings to everything