the outlook on the e.u.'s credit rating is switched to negative as they were letting us rounds of euro zone meetings so far to provide solutions to the long lasting crisis buts. turkey has closed its borders with syria saying the country is full to the brim with refugees while and where it is often the united nations to create a buffer zone talking fears of foreign intervention join me for this new in a few moments for an update. separatists making the running ons economic and social problems dominate regional elections with the voting underway and are those who mainly french speaking.

on screen in all mine twenty four hours a day seven days a week this is r t n n karen. well the latest financial blow to the e.u. comes from moody's the ratings agency has changed the blocks outlook from stable to negative warning it faces being downgraded for more on the subject let's now talk live with morton messerschmitt danish and member of the europe of freedom and democracy group in the european parliament. thank you so much for joining us today mr messerschmitt now moody's said its decision to switch the blocks ratings outlook reflected issues the richest members are dealing with what are those leading countries really doing wrong. well basically the entire euro construction is wrong because it's trying to in copa so many different economies and it's getting

increasingly more and more clear that it's not possible to have a common currency with so relatively different kinds of financial policies labor market policies pension policies and therefore one has to unify europe to create a federation basically that's what all this is about a political federation which the europeans predominantly don't wishes and then of course a fiscal. federation where the easy be used buying up the bonds where everybody has to be liable to other countries deficit and so on so basically this is a construction that is collapsing as i see it today's meeting of france's francois hollande and italy's mario monti is only one of several this week between european leaders and so far they don't seem to be bearing fruit how do you see the situation room resolving. well the most recent prize or the crisis first to come

is this thursday when spain is issuing bonds worth three and a half billion euro and it's quite obvious that no one in the in the private market wants to buy these bonds at least not for the in interest rate which is regarded this as within the frame of what is acceptable for for spain so now the e.c.b. is gone and once again by these bonds and that's the major discount point of discussion here right now between of course the germany and other of the major contras whether it's a stable policy so have a have these be constantly buying up the bonds which nobody in the free market wants basically that's just a a a sign of the illness of the euro that the economies are so unstable that you would need to have a possibly foundation like the c b to support the economies which needed normally

in a normal economy they would simply be refinancing their debt on the private market but it doesn't work in the euro zone and they have causes the major concerns of those people who have invented this thing now bulgaria is the latest country to put on hold its plans to join the common chorus currency could that also be seen as a sign that the euro may indeed collapse. well right now is not the time to talk about more countries joining the euro is more relevant to talk about which countries would be the first to leave the euro we saw the other day that slovenia is now planning to have for their for their public sector for their economy to go bankrupt we know that in finland they are working on a plan what will they do when countries begin to leave the euro zone actually the best thing that we've had in for many of the countries within the year especially in the south would be to leave the euro and devaluate and thereby reignite their economy. we're talking about new countries coming into the euro is entirely

unrealistic as long as we are where we are now where the europeans in general refuse to give up the serenity to brussels which is necessary in order for making the euro work and where it's obvious that the tax payers around especially the north fed up with paying for it there that the didn't build up themselves certainly do you do you make some very valid points but i do want to draw your attention to recent leaked emails with claims of the troika of international lenders wanting greece which is one of the most to debt stricken countries to work six days a week and longer hours to fulfill their financial obligations do you think in fact that could be applied. well there are two things two important points to be made here first of all this just proves once again what the euro is about that more political decisions are to be taken by people who are not elected for instance in greece but political decisions being on post in the greeks by people who are not elected there that's the first political point which is important the second one

and that's the more sad one actually is that it's not going to work because the differences between the north and the south in the in the euro zone i simply sue so big that even though you make the greeks work six days a week. that their level and the differences in level of competition between the countries are not of a degree where it makes sense to have a common exchange rate and that's what you have when you have a common currency so even though that you might push the greeks into these dramatic reforms it's not going to rescue the euro the only thing that's going to rescue the greeks is to abolish the euro or polish the country from the euro zone now many experts do believe that the bailout system is the reason why the e.u. is in such poor economic state how could the need for them be avoided. well. right now what we're waiting for basically regarding greece i think for the year is for the year same the european stability mechanism to be approved by the

german high court when that's in order and that's expected within the coming two weeks then the two cuticle instrument will be there for removing bad lending baton from the private banks onto the taxpayers then i think merkel and others will accept when this economical risk is taken away from her bank the german banks so let it go that's going to be a rumpel period of time of course but is the only way to go i think for reignite the greek economy and there's an important example to look at for instance iceland iceland which for a couple of years ago was in a similar economical catch to catastrophic situation but they did quite opposite of what e.u. is imposing their euro member states to do they let the banks go bang rob instead of persuading the taxpayers to bail them out they devalue their currency and today iceland is the merging well it's backing star gray sky in europe i think the

same sure could be adaptable for for instance greece or spain or portugal but it can never have them as long as they are in this in this prison of the euro zone so i'm not going to give any suggestions for what can be done. political changes within the euro zone in the us structure to solve the problems because it's the very structure itself that's wrong all right morton muscle smith again as m.e.p. and a member of the europe for freedom and democracy group in the european parliament thank you for your insight and your time. my pleasure. in serial the ongoing bloodshed is provoking a large scale humanitarian crisis with a steady stream of refugees pouring into neighboring states most of them are now in turkey but the authorities have closed the border to those with no passports saying they just can't cope with the numbers archies policy clear reports. at least ten

thousand syrian refugees for the easter week have been stuck on the syrian side of the syrian turkish border and this is because ankara is simply unable to process the growing numbers of people who are fleeing syria to turkey they are already eighty thousand syrian refugees inside turkey and who was afraid that these figures could swell to at least half a million now and has been complaining that the international community is not doing enough to help it and to this indeed it is calling for a so-called safe zone or a buffer zone to be created inside syria and what we understand is that such as zone would extend some twenty kilometers inside syrian territory but the problem is that to create any kind of humanitarian zone you need to have a no fly zone which certainly suggests foreign intervention and there has been a lot of criticism about this from the international community certainly the united nations security council has not given its nod when and where brought this up in the past but we do understand that anchor is going to ask the u.n.

security council later this month to create this buffer zone it is highly unlikely that russia and china will give its nod but certainly we are witnessing a growing humanitarian crisis at the same time we know that the head of the international committee for the red cross is in damascus they are meeting with syrian officials who are trying to find together some kind of way of assisting these refugees and resolving the situation has been quite some time in those camps talking to some of these refugees and i can back up from firsthand experience what they as well as what humanitarian organizations are saying what the refugees told me is that the sanitation is far from satisfactory that very often they are standing in queues for hours waiting for food there are not enough tense to go around people are speaking on the streets i spoke to a number of women who were complaining of sexual harassment one person to have put at the base he told me that him and his family had fled syria to escape it did but here in the rift. they were dying

a slow death at the same time there are concerns that you just need a spark to erupt into flames there are concerns particularly from the jordanian authorities that they could be rioting we heard this morning go out today there are also concerns that they could be further clashes so the main concern at the moment is that the situation is so volatile you could lead to even further bigger humanitarian catastrophe and political analyst. says turkey is initiative to enter duce buffer zones inside syria requiring military intervention could backfire. of course the cost for turkey would be quite hard to move in that direction we have to remember that your story is very much. for the united states to remember. that it started. to work. as a policy of the united states. much. as

it was before so it's clear that that is being. on the way of the battle for the white house democrats like ants head says the u.s. presidential race sounds good to a purple you'll. grow democracy activists in bahrain lose another legal fight against the ruling monarchy we have all the details such as a few minutes. latest opinion polls suggest the pro independence party kept quiet is the front runner in the regional government election and counted us québec voting has opened with people casting their ballots. can a look so what's driving separatist moods in the french speaking region. gloomy

economic times attracts social instability and uncertainty and what tomorrow will bring for canada's mostly french speaking province of quebec that means agitation for separation is stirring yet again as voters head to the polls it's a three way fight to be the dominant force in convex parliament with emotions running high come back as one hundred eighty four billion dollars in debt and has an economy that has grown by a mere one point seven percent in the last year falling behind canada as a whole competing at the ballot box are the incumbent liberals the firstly form coalition for the future of combat and the separatist war and it's the latter which is proving most popular at the polls marching ahead of the others at around thirty three percent this means the issue of convex breakaway from canada could return to the forefront of the decade long reign of the liberals comes to a close it's the latest example of separatism spreading its wings globally in

troublesome economic times the separatists leading in the polls claim their short term priority would be picking the economy up of its knees instead of pushing for a separation vote straight away the party leader says a referendum on convex independence would only be held if there was complete confidence in a win for now opinion polls suggest less than forty percent of the provinces population would support a split the new found was over can back comes after months of student and union protests raging amid summer and spring tens of thousands of students have made their ways out onto the streets and shown their public outrage with clashes with police making news headlines across the world canada in quebec would fare without each other is a matter of fierce debate among experts we might now be much closer to finding out and stay in our moscow canadian reporter michael for our back is growing as strange from the rest of canada with people left with little turnitin than

a separatist vote. i think what it really comes down to is that the backers will be choosing the lesser of three evils and for many people especially people the younger popular population they feel that the paths to get back why is a move in the step forward maybe towards more of a progressive message in the province but i think a lot of the polit party politics you seem between the three parties they do they have very very many of the same policies.

and it the only thing that will make people. get their demands that demands of the people is to be part of this system the political system they need to be part of the executive don't they need to be part of the not just that they don't think want to have invented the show so that they don't get to push it like this they want to be security so that they use it against them. doesn't want to move on to solution because that will include me wants to control the whole well the whole of this issue of making all of that it is that they want

to continue this function and this. from the past you cannot you cannot implement it wants. all right it's time now for some more international stories in brief for you this hour cambodia is set to extradite godfrey to war a co-founder of the file sharing website the pirate bay liz arrested there last week and international warrant in warks name was issued in january by his native sweden after he failed to show up for the start of his one year jail term war again his pirate bay colleagues were sentenced in two thousand and nine and ordered to pay four and a half million dollars to entertainment giants for copyright theft. two nights of sectarian clashes in northern belfast have left at least sixty police officers hurt while it's erupted on sunday after conflict republicans were raided here districts of the city mainly unhappy guy part of starts. bottles bricks and

fireworks forcing police to fire rubber bullets and water cannons in spots sectarian violence turns to break out annually in northern ireland in reaction to the two communities holding traditional parades. pardons a soldier who murdered an armenian it will set back the regional peace process so says the organization for security and cooperation in europe and i was there a soldier got a life sentence in hungary for the killing of an armenian officer during a nato training in two thousand and four but was later sent back to azerbaijan armenia reacted by suspending diplomatic relations with hungary armenia and azerbaijan have been at odds since the war between ethnic nations in the one nine hundred ninety one over the. on clay. a suicide bomb attack at a funeral has left at least twenty five people dead and more than thirty injured in

a village in eastern afghanistan the attack reportedly targeted the local district chief who tended the service but survived the blast no one has yet claimed responsibility for the attack there has been a series of similar attacks throughout afghanistan most of them are being blamed on taliban militants. in america the pre-election war of words between republicans and democrats is heating up ahead of november's presidential vote barack obama's party is convening to formally nominate him as their candidate and hit back against criticism from their opponents republican mitt romney's camp has accused the incumbent leader of failing to deliver the promise results on tackling high unemployment and recovering from recession but the democrats claim and the country is better off now than it was when obama stepped into office the president's currently tied with his challenger in public polls of some observers doubt either

man can change things for the better. way to think about what's happening to america and essentially the north atlantic coalition in general is that things are getting very very much worse somewhat slow and if president obama were reelected they would get much worse continued slow rate and if president if there were a president romney that would get much worse at a quicker rate i mean that's essentially the way to look at it the shift of money and power from the bottom to the top whether accelerate under romney the condition for working people for women for. you know communities of color that are subject to massive incarceration for. countries abroad that are played by drone strikes we get much worse under mitt romney and they're already going to get quite bad under president obama. don't forget you can always find all of our stories that are t. dot com more news and in-depth analysis available twenty four seven including

a sunstroke watch a stunning video of a massive explosion on the sun and find out how it affected us here on earth. plus had all the wind to join the unlucky visitors of the bit just zoom in public as a rare white bengal tiger triplets make their first public and model appearance there and are laid out called. daredevil russians are risking life and limb to feed their appetite for the extreme adrenaline junkies are pushing themselves to perform superhuman feats scoring millions of fans on the internet in the process or to surf earth took her own leap of faith. risking it all for a thrill the young the brave and the downright dangerous appropriately dubbed suicide sports uploading videos and images of yourself performing things response

is a fast that's taken russia by storm marina's adrenaline fueled stunt attracted millions of hits online but the ball just assertions it was not something you planned i decided to go on the rooftop and ask my friends to join i looked around and i felt i needed something more my friend was of course very worried about me but i said that everything was under control and decided to take a walk i think a lot of people like it because it provokes sincere emotions real i'm dr unhappiness i was doing what i had wanted to do for such a long time but still i was very surprised. you. were you know works part time at the appropriately named mads a group that offers the opportunity to do harness jumps in moscow agenda spots like bungee jumping and great jumping have become a really popular pastime here in russia so we're going to give it a go. well

though certainly an adrenaline rush but for some people even that kind of sport is not enough and there's a lot of people many of them in the team here have gone even further while many of the activities to tell you on the edge of legality some of the other stunts simply leap past the boundaries of the law. so you're listening to all adventures an impromptu but for me it's a part of the song new level of ability to become a kind of superman. provides a may play a role but as luck and on numerous occasions these have been without it lost their lives. as the arena have friends and a growing number of like minded russians it seems that's a risk they're willing to take care of our city. well there is

one russian that certainly would not take the plunge i can dare say and that is marina and our business that's marina tell me am i right you're exactly right i'm terrified of heights and would never do anything close to that would do well i guess i'll find out after the business bulletin is oversold keep this a sponsor see if karen would do something about but for now let's take a look at the u.s. markets wall street is trading today and that's after the labor day celebrations yes they were so no trade in session on wall street so we can see there not surely both the dow and the nasdaq one thing lower and that's because of weak manufacturing data that came out earlier on and also of course the past samisen that surround the europe right now let's take a look at those figures in fact these are the last few minutes of the trade in session of the day and we can see there both the bullets the and the facts are setting over one percent and that's of course after moody's investor services downgraded its outlook on the eurozone and also we warned that it might downgrade

its a triple a rating all of the euro zone but some are hoping that this will be water is needed to make the e.c.b. i can activate those stimulus measures that everyone all the investors and five waited to hear about now let's move on and stay with the euro but move on to switzerland this time and that's because after months of surprising resilience through the economic downturn in europe switzerland appears to be on the brink of recession after a strong performance earlier this year the swiss economy contracted zero point one percent that's in the second quarter and that's as exports to the euro zone fell that's the first drop since the third quarter of two thousand and eleven when the swiss national bank composed of francs eleven so help protect the economy. well let's continue with the currencies the euro is still losing and weakening against the u.s. dollar when it comes to the ruble its strength and against both major currencies this tuesday let's take a look at the russian markets and they are now closed so this is the closing picture the artsy as it was for closing time and the mindsets last just the last it

was a volatile session throughout the day we saw again strawbs and all of this coming of course with a weak performance from asia as well as the weak manufacturing data as a mansion don't wall street and also of course everything that's happened in the with the euro zone and interest in fact here we know that russia is a gas leak gas form is a negotiation with argentina over supply and natural gas of course we'll keep you updated on this story now let's move on and take a look at oil prices which always have a major effect on the russian economy we see that they are declining right now but still we saw gains earlier in the day and the point several at the very high end this optimism is coming from some people some analysts in five saying that maybe this will be what's needed to push central banks to spur economic growth and create more demand for energy now let's move on to fuel and i'm talking about flights here easy jet that's because flights from london to moscow or even same petersburg could soon become cheaper as britain's easy jet's aims to turn its wings to russia. now

it says the carrier plans to launch regular flights between the cities as soon as next year however it still needs to win the tender for the virgin atlantic and british airways among other bidders and will know the results of that in a month but what i do want to know right now is walk karren has to say about jumping there which is. flying in a plane yet stepping out of one i. thought. well coming up next is the very latest edition of the cause report and after that recap of your headlines.

wealthy british style. is not on the side of the. markets why not come to. find out what's really happening to the global economy with mike's conjure for a no holds barred look at the global financial headlines tune into cars a report on. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew.