spain's economy is set to shrink by another 1.5% this year. there were similar scenes in several metro stations where hundreds of protesters face rows of officers. metro services have been largely suspended, and only 20% of long- distance trains are running. schools and many shops are also shut down. spain's general workers union says the nationwide stoppage is being observed by nearly all workers in the automobile, energy, shipbuilding, and construction industries. >> they are taking all our rights away -- all our rights. the banks and other business people are bringing us onto the streets. they are stealing our salaries. we do not have any rights anymore. >> hundreds of flights have been canceled across europe. in the portuguese capital, lisbon, many face long waits with nearly half of all flights canceled. >> we arrived at 9:00 in the morning, and we have to wait until 9:00 in the evening. public transport is not working, either, so we are stuck. it is a shame. >> access to ferry service has also been blocked. >> we are witnessing the bigge

you are involved in a multinational general strike against the government's austerity policies with spain portugal reason to italy at the forefront of the problem. with the prices and growing unemployment in the new fields what it is and why it works to search for a better life and new member countries that monisha about economics. in the new found of the seaward rebel blog it's a vast official recognition that what's probably wrong social also made it clear supplying the opposition with weapons that isn't far away. this is all see coming to life for moscow hello and welcome to the program millions of european workers have united against austerity measures as a mega strike kicked off in debt ridden spain portugal greece and italy the most which will be supported in other days as protests are expected all across the continent on the eve of a day of action there were fierce clashes between factory workers and why i suppose that italy sardinia in spain and portugal the start of the strike was marred by angry crowds taking to the streets resulting in a number of arrests and while the e.u. pop

to help negotiate a plan to put it into action in spain and spain says they don't want to put in until they need it but they should be doing right now is negotiating here's what the deal will look like here's where we're backstop is and that will give comfort so if the markets get worse if the g.d.p. gets worse in spain if we see you know unemployment rates continue to deteriorate everyone will know in their back pocket they have this outlet for their bonds they have this program in place so i think they should behave very similar to a corporation put these revolving credit lines in place it's not great if they draw down on them but at least it's out there it will take some of this uncertainty and for once and for all would stop this problem that we have that the only time you're opposed together or does anything in times of crisis we all know that if they're in crisis negotiations where they feel they have to wake up at four in the morning in brussels to get some press release out you're not getting a good solution so i think they should put this backstop in negotiate it now and then

that would make me go to spain again would be a crew but the spanish government actually byron's the budget. how would they do that. well despite all the talk about stereotypes what we've seen in the latest budget is actually mainly tax increases if we want to sixty billion euro. in quotes and they have forward is how a bit of tax increases if they really want to balance the budget they have to return spending to levels below two thousand and seven we're still spending government is still spending more than they did at the peak of the bubble it didn't sound when extraordinary income from passes from huge revenue increases we're still out obviously those revenues have gone down. what i'd like to ask is about implications for the eurozone as a whole spain's economy is in shreds is getting worse and they along with other southern european countries they're buying less of course from northern european countries how long before perhaps prosperous and all that she really feels feels the pain from the self. we could to really feeling it germans can already see that they're either going to h

since the austerity was an act that what changes have you noticed in spain. well i would say that if you have to apply it to main headlines in the in the whole of government situation i mean it would probably take a longer conversation than the one we're going to have tonight but the two main headlines would probably like unemployment which has reached twenty six percent rates. this doesn't even account for those who already left the country or those who have already given up on searching for a job and it means that there is a quarter of the labor force which is not only not participating in the wealth creation but it's only one part of the population which is not consuming iowa and that's not even mentioning the huge psychological toll would you state that he's taking on workers who are being marginalized and that adds up to all the reasons why people to the streets today but the second man the headline main headline i would say would be the home of the actions with which to take. a very dramatic turn in the recent days with the suicide. series of suicides o

spain's got the lumia preparatory key of regional vote which could potentially force a referendum on independence from central government. how much says there's no deal to stop the smuggling of weapons into gaza as shaky truce with israel holds a despite a small right existence. you're watching r.t. live from moscow with me to bomb with say good to have you with us egypt's capital is experiencing is second straight day of clashes between opponents and supporters of president mohamed morsi and a regime protesters say they have no intention of leaving to heed a for at least a week having announced a message in at the symbolic square people flooded the streets across the country angry at the president's decision to grant himself new powers put him above other branches of government the opposition compared the move to a coup while the latest comments again from egypt's top judges who called it an unprecedented attack on the country's judiciary the demonstrations quickly turned violent as protesters clashed with security forces and progress to vist journalist ahmed fourteen believes the o

for them, spain was the promised land. now they're struggling to stay afloat, mired in an ocean of debt and shady loans. edu solano is from ecuador. he says the banks pulled a fast one, and now immigrants have been left holding the bag. hipatia condor is also from ecuador. she's outraged, too. the banks are nothing but thugs and thieves, she says. back at home, hipatia condor and her family are knee deep in boxes. after fourteen years in spain, they're packing up and leaving. over the past decade, they've paid off 100-thousand euros on the mortgage for their apartment here in madrid. the bank now says all that money went towards interest. hipatia and her husband william lost their jobs a year ago. now the bank is demanding they pay off a second loan of over 30,000 euros -- a loan they didn't even know existed. >> at the notary office back then, they told us to hurry up and sign. they didn't let us read the documents and they told us that if we didn't sign quickly, we'd also have to pay the notary fees, too. we always thoug

well spain is a similar story but with the national flavor of the situation there is is pain convince the international creditors to give it about one hundred twenty billion dollar bailout but it's spending most of the money it gets on its banking system so it's no surprise that one of the most popular demands in spain is of course focusing on banks one of the slogans reads bankia has robbed us give us some money back bank key is one of the large banks that was bailed out and then nationalized earlier this year and became the symbol for everything that's gone wrong with the system and now of course with the banks really tightening up their policies and really getting tough on their borrowers there's been a wave of suicides in spain as well as people try to keep their homes and as they face eviction zen of course it really does become a very personal story so what world in spain people are shouting give us our money back portugal which has a very very high unemployment rate is apparently shouting give us our jobs but as i write absolutely you're absolutely right in portugal one of the

well these elections could represent a step towards any final breakup of spain and that is because the catalan president has promised to hold a referendum on independence from spain if his conversions and union party do win and that is something that is striking a chord with many cattle lands the economy here is actually pretty strong it's the size of portugal's but the region itself pays far more in taxes to the spanish government that it actually receives back in terms of investment from madrid and that is something that annoys a lot of people particularly when unemployment rates here at around twenty five percent and many people are having to endure tough austerity measures so the feeling is that they feel that they could do a better job if they could govern themselves and also do a better job if they could govern their own economy also there seems to be a lot of support for the center pendants move there but how much of an uphill battle would it be to actually break away from spain. well there are several sticking points firstly the mass would have to gain an absolute majority to b

spain's catalonia prepares for a key regional vote which could potentially force a referendum on independence from central government. and a british couple have their foster children taken away because of their political beliefs triggering outrage over how the country's care system is being run. international news in comment live from moscow this is r.t. with you twenty four hours a day a second day of clashes between opponents and supporters of president mohamed morsi in the egyptian capital cairo the country's top judges accuse morsi of launching an unprecedented attack on the just fishery by taking more presidential palace that is now from based journalist. what we've seen today is a continuation of the clashes that have been going on for five days now of protesters against the president in particular the president's constitutional declaration which was issued on thursday which really gives him sweeping powers in addition there were protests organized by opposition forces in the form of marches to the supreme court of justice because a meeting was being held by the judges of the country ag

the people of spain's most prosperous and most taxed region will choose a new parliament on sunday their choice could ultimately decide whether catalonia will remain a part of spain or go it alone after being stricken by the financial demands of central government parties and a farmer has the story. there's a wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially aspirate independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i think it's a good idea to be in the band them from. a country. which is in a really really bad situation it's a bargain for. it's a bargain for the good of the cats and i'm flags can be seen hanging from balconies throughout barcelona reflecting a growing desire for home rule under a drive to break away from the central government in madrid this weekend's local election is being fought on that issue alone catalan president for mass has made it the centerpiece of his campaign this convergence union party trying t

spain has managed to sell the bond. we'll find out what the yield is and just how big the auction was. again, if it came in at about b help spain meet for the rest of the rear. it looks as though the 2015 bond had a bid to cover of 2.8 versus 2 at the last auction. so stronger demand there. the 2018 bond has a bid to cover ratio of 1.6. we're getting some yields through, as well, looks like the yield on the 2018 came in at about 4.769%. now, for the 2015, we saw a significant decline in yields. that one coming this 3.678 versus over 4% the last time around. and the one i've been waiting for, the 2032 bond came in with the yield of 6.366% up significantly from 4.7%. so let's get don smith back on line. he's government bond strategist on icap. what's your initial reaction to what we're seeing here? >> you have a figure from the total amount in the auction? >> waiting to see the total amount actually. so let's see. we've got at this point confirmation they sold 992 million euros worth of one, that was the 2015. a little ov

citizens in spain's wealthiest region head to the polls for parliamentary election driven drawing sentiments of separatism. with a look back at the past seven days top stories and the latest developments this is the weekly. recovering from the israeli bombing campaign that ended this week thanks to an egyptian brokered truce hundred sixty eight palestinians were killed around half of them civilians militant rocket fire also claimed the lives of six israelis despite those numbers hamas claims it came out the winner some israelis now say the government has failed them as. reports. alyssa and rachel are packing for the u.s. a cease fire might have been announced but they're not waiting around to see if it works the women were part of an internship program to see what it's like to live in israel so they came they saw and now they choosing to leave to spend very anxious living on the air like knowing that at any moment besides write off a mask they go into a bomb shelter and like it's being scared by public transportation and staff. the streets of tel aviv are far cry from the streets of gaza whe

spain's catalonia prepares for a key regional which could potentially force a referendum on independence through central government. says there's no deal to stop the smuggling of weapons into gaza as the shaking truce with israel holds despite sporadic. international news and comment live from moscow this is r.t. within twenty four hours a day egypt's capital is experiencing a second day of clashes between opponents and supporters of president mohamed morsi regime protesters say they have no intention of leaving tahrir here for at least a week having announced a mass sit in the symbolic square people flooded the streets across the country angry at the president's decision to grant himself new powers to put in the power of other branches of government the opposition compared the move to a coup the latest comments from came from egypt's top judges who called it an unprecedented attack on the country's judiciary the demonstrations quickly turned violent as protesters clashed with security forces and probation activists ten years after the fact he believes that the opposition's concerns over

in spain and greece coaching a failed state basis when you get a. government that simply can't manage to get to two to keep going. and employment ridiculously hard my mark i'm sort of jumping i'm running so a long time but i must ask you one final question here before i let you go as we see all these austerity protests and further austerity hikes and cuts across the eurozone the e.u. is just approved giving five billion. euro's worth of aid to egypt at the height of what some are saying the biggest protests in the history of the struggling euro zone what do you make about the handout. the. party shoes will try and buy influence obviously we've. farms and egypt is a specific case where we want to try to keep them on our side and that probably what that is about but you're probably not a good idea when you're trying to save money markets pollie a financial adviser and wealth manager thank you for joining us live from london. well i do stay with us if you can hear on r.t. our continued coverage of the e.u. mega strike workers continue to unite against

markets pushing spain into an omt. politicians want slightly cheaper funding. i can't see why market participants will do it with the threat of the ecb coming in, why would they push yields higher. >> they haven't been forced to ask, but i would think in the end it would be the market pushing spain. personally there's a good chance at some point next year, might not have to be directly related to spain, but if there's a bit more risk aversion in the market for certain times, spain has a heavy funding schedule next year, that that's the time when yields might back up again and that would really be -- >> let's say chinese growth holds up, the u.s. gets a deal on the fiscal cliff, greece gets its money, where is the market aversion coming from? >> happy days. >> we know growth will be useful, but apart from that. >> there's a few risks on the horizons. if the market gets a hint or a sniff that that will end, it will change. central bank policy will change. sooner maybe what we expect right now. we haven't seen it in the u

wind of separatism blowing through europe at the moment and it's reached the northeastern shores of spain catalonia is the latest region to officially aspirate independence is something people here have long felt in their hearts but now they're feeling it in their pockets. i think it's a good idea to be in the band them from. a country. which is. really really bad situation it's a bargain for. it's a bargain for the cool cool to prague castle i'm flags can be seen hanging from balconies throughout barcelona reflecting a growing desire for home rule under a drive to break away from the central government in madrid this weekend's local election is being fought on that issue alone catalan president mass has made it the centerpiece of his campaign this convergence union party to hold an independent referendum if they win and say a free catalonia would be a cure all for the region's economic problems that have seen unemployment top twenty five percent the economic context in europe and in the south of europe has been a catalyzer of this. movement we can see in the sense of people into the know

spain's got the lonia prepares for a key regional vote which could potentially force a referendum on independence from central government. hamas says that there's no deal to stop the smuggling of weapons into gaza has a shaky truce with israel holds despite the sporadic violence. it's four o'clock here in moscow you're live with us on our t. with me to mom would say egypt's capital is experiencing a second straight day of clashes between opponents and supporters of president mohamed morsi and to regime protesters say they have no intention of leaving to here for at least a week having announced a mass sit in the at the symbolic square people flooded the streets across the country angry at the president's decision to grant him self controversial new policies that put him above other branches of government the opposition compared to move to a coup accusing morsi of paving the road to a dictatorship the demonstrations quickly turned violent as protesters clashed with security forces and proration activists journalist ahmed fanti believes the opposition's concerns over the future of demo

you're involved in a multinational general strike against their government as terrorists a policy with spain portugal greece and italy at the forefront of the protests. the crisis and growing unemployment in the locals and my words the search for better life a nonmember countries that managed to avert economic turmoil. and the need of founded fear and rubble blog get the first official recognition in the west from the bronx we're told so make it clear that blind the opposition with weapons isn't far away. and you saw in russia and around the world this is with me hello and welcome to the program millions of european workers have united against austerity measures as a mega strike kicked off in debt ridden spain portugal greece and italy that message will be supported in other states as protests are expected all across the continent on the eve of a day of action there were fierce clashes between factory workers and riot police and italy's song denia in spain and portugal the start of the strife was marked by angry crowds taking to the streets resulting in a number of arrests while the e.u. pop

in there that being a number of arrests already made today here in the trade of course is not just spain this striking today it's political we call greece we've got it's really all a getting involved in this movement and a number of other countries as well belgium cypress motor. the united kingdom are also going to be having various demonstrations throughout the day old rallying around this one message and that is no new tool sterrett say now we've been covering the story very very closely since the very beginning of the euro crisis and as time has gone are we seeing how the devastating story of the horrifying figures continue to climb in spain here the moment more than twenty five percent unemployment portugal where we were just a day or two we get a record highs of fifteen percent unemployment in greece is close to receive levels of unemployment that twenty five percent plus when you think it's cool these figures together salute the devastating numbers of people now of what it was suffering under these very strict all star team as it is estimated more than twenty five million people un

involved in a multinational journals trying to gain their government's austerity policies with spain portugal greece and italy at the forefront of the protests. meanwhile the cries of the growing unemployment in the e.u. for snowboards and why it works to search for a better life unknown member countries that managed to avert economic turmoil. ending you know founded seaward rebel blog gets its first official recognition on the west front the promise which also made it clear that supplying the opposition with weapons isn't too far away. news from russia and around the world this is actually with me hello and welcome to the program millions of european workers have united against austerity measures as a mega strike kicked off in debt ridden spain portugal greece and italy their message will be supported in other e.u. states as protests are expected all across the continent and on the eve of a day of action there were fierce clashes between factory workers and wives police in italy some of denia in spain portugal the start of this tripe was marred by angry crowds taken to of treats res

expected to show up in a resoundingly chorus saying no to austerity already we're seeing violence in spain as protesters duke it out with police with similar scenes pouring in from the italian city of metal and let's hear now from r.t. sara first at the epicenter of it all but you. were in the center and you can see behind me the police cars already lining the streets we've got a police helicopter a the head we're already getting figures in there's been a number of arrests already made today in the trade of course is not just spain this striking today it's political we've got greece we've got it's really all a getting involved in this movement and a number of other countries as well belgium cypress motet of the united kingdom are all say going to be having various demonstrations throughout the day rallying around this one message and that is to a stereotype. now we've been covering the story very very closely since the very beginning of the euro crisis and as time has gone on we've seen other devastating stories the horrifying figures continue to climb in spain here the main that more than

down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out loans the remainder o

flavor spain last year convince the international creditors to give it one hundred twenty billion euro or dollars i should say and rescue funds with its spending most of the money it gets on supporting its banking system so it's really no surprise that a lot of these street protesters were focusing on this very issue one of the most popular banners the red bank here has robbed us give us our money back now bank here is one of spain's a large banks that was a bailed out and nationalized earlier this year and it became the symbol of everything that's wrong with the system and with banks getting tough on their boards there's been a wave of the suicides in spain as people face eviction from their homes so it actually turns into a real tragedy for many people who are well in the secular portugal now one of the highest unemployment rates in europe is that the main focus of the protests are absolutely precisely and you're absolutely right for sure the portuguese protesters are basically focusing on this very issue on jobs and on salaries at the moment the country has an unemployment rate of a

work and make three thousand euros a month and i can pay my debts in spain. is not queuing for food she cooks originally from colombia she first immigrated to spain but the crisis pushed her move further on she now works at a cafe in no wiese famous movie music and while she serves those who come here to admire the world famous scream she says her life if only they knew would probably provoke an even stronger impression on the visitors and it's hard. it's not as easy as they show it on t.v. you go from one country to another like a rolling stone you have kids and nothing to feed them with and no job. in september the unemployment rate within the eurozone hit a record high of eleven point six percent in the seventeen countries united by a common currency for more than eighteen million people are now out of work that's an increase of around five thousand every day since august during the years of gross year of was in desperate need of a cheap labor force and therefore provided immigrants from all over the globe with work but with the worst economic crisis since

embark on a multinational general strike against their governments us teresa palmer says with spain portugal greece and italy at the forefront of the protests. meanwhile the prices and while the unemployment in the eview force locals and migrants to search for a better life the norm member countries that managed to of that economic turmoil. in. the new founded fear and rebel blow get the last official recognition in the west from france which also made it clear the blind opposition with weapons isn't far away. international news live from moscow this is aussie with me hello and welcome to the program millions of european workers have united against austerity measures as a mega strike kicked off in debt ridden spain portugal greece and italy that message will be supported in other states as protests are expected all across the continent on the eve of the dab auction there were fierce clashes between factory workers and one explicitly said they sardinia in spain portugal the start of the strikers not by angry crowds taken to the streets resulting in a number of arrests and while the e.u. popul

bridge be you embark on a multi national general strike against our government's austerity policies with spain portugal greece and italy at the forefront of the protests. meanwhile the crisis and growing unemployment in the e.u. feel slogans and my brains to search for a better life a new member countries that monisha of economic turmoil. and new founded seaward rebel blog gets its first official recognition on the west front from the sun we're told so many peer supplying the opposition with weapons isn't the way. international news and comment live from moscow this is all she with me you know i should paula hello and welcome to the program millions of european workers have united against austerity measures as a mega strike kicked off in debt ridden spain portugal greece and italy that message will be supported it are they use days as protests are expected all across the continent and on the eve of the day of action there were serious clashes between fuck true workers and whites police in italy some denia in spain and portugal the start of the strike was marred by angry crowds taken to the tra

for instance in the than other regions of spain but they have a lot more debt and they've been acting austerity they enacted austerity year before the rest of the of the spanish state so there's not a lot of there's nothing really to suggest that it would be that much better out into the mass did say that you know the day after elections there are still going to be you know austerity measures and budget cuts and layoffs and people out in the street but what's been remarkable about this these elections is the degree to which appealing to the nationalist sentiment has completely trumped i guess the discussion in the public sphere about austerity and coming up later this hour no good turn goes unpunished norway appears to be suffering for its hospitality as radicalism is fast becoming a popular trend among the country's growing islamic community. to explain how a scandal involving football hooligans is becoming a springboard for the possible creation of a brand new continental turn of the. british live demo minister lynne featherstone said that since women have babies it allows men to pa

spain's richest region the main contributor to the country's economy. is in. well people are voting today in an election which could represent a step towards any final breakup of spain and it is because the cattle i am president are the masses promised to hold a referendum on independence from spain it is convergence and union party actually wins and that is something that is striking a chord with many cattle lands the region itself a rich pretty wealthy it has an economy the size of portugal's but it pays far more in taxes to the spanish government that actually receives back in terms of investment from from madrid and that is something that annoys some people here unemployment is at around twenty five percent and also people are having to endure tough austerity measures at the moment but nothing is a done deal because after mass does need to record an absolute majority in order to be able to push through this referendum otherwise he would be forced to form some sort of coalition there is a sticking point too in that the referendum is actually against the spa

we will get an update from spain, where one out of four workers is unemployed. then the scandal that brought down cia director david petraeus spreads to the top commander in afghanistan. >> the president has put on hold general allen's nomination pending the investigation of his conduct by the department of defense. >> we will be joined by writer glenn greenwald, now of "the guardian." he says the stars of the national security establishment are being devoured by out of control surveillance. then noam chomsky visits gaza. >> it is kind of amazing and inspiring to see people managing somehow to survive, essentially as caged animals, subjected to constant random, says district -- sadistic punishment only to humiliate them. all of that and more coming up. >> this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama will open deficit reduction talks friday with a call for one point -- $ 1.6 trillion tax hike on corporations and the wealthiest americans in the next 10 years. the figure is double the total offered by house

the place germans like to go most is spain. pam and me too. do not go away. >> see you soon.

actually it takes a step toward breaking away from spain as people voted in favor of separate is the party is promising to alter the public's opinion on independence. counterclaims from the front line in the battle for cyberspace as we kill a good drill in our son's releases a new book claiming the internet is being taken over by governments. international news live from moscow this is r.c. with me kulish above our thanks for joining us mass protests against what's seen as a power grab by the egyptian president mohamed morsi have now turned deadly that's after a teenager was killed on sunday and dozens injured it happened during an attack on the muslim brotherhood headquarters which by the islamic leader police fired tear gas at rallying cries for a fifth day with the opposition staging a sit in at tahrir square most of the decree one to him so we're paying posen tepper is temporary and has called for dialogue today is set to meet with senior traditional figures are made of partial to the strike and claims the legal system is being stripped of its independence by the small says backe