that rising inflation and political and decision russia's reasonable place to ride out the turmoil with itself the budget but troika stretches christofer says that that will offer only limited protection when the mood turns sour in reality russia is in a much stronger position today than it was in two thousand and eight so you know that russia is in a much better position to be able to withstand global downturn. you know to to to remain fiscally solvent and stable if that's the reality it doesn't matter perception is that russia is still a high risk environment and most international investors view russia as a derivative of global growth therefore if they become optimistic about global recovery russian asset prices tend to rise higher faster than others and equally when there's a sell off as we saw in august russian as of prices will go down probably even faster than the rest. greece is debt problems just won't go away leaving many

believing that default is inevitable but says his chief economist william believes the e.u. will draw out the crisis to avoid shocking that market. the. restructurings . right. over of greece. portugal and ireland. a bomb fell swoop. europe always tries to be a little bit pregnant but cumulatively expect a lot. of the great to switch to five or eight of those for the balance of strength of course will require. that there is a shift of banks. exposed to the group especially in greece but also. from. let's have a look at the markets now oil prices are heading down on stronger economic gloom

dumbass on the outlook for energy use mess just shining wanted to risk need fear of stripping prices whites which is currently trading at eighty six dollars a barrel while branches below one hundred twelve dollars and asian stocks are posting significant losses holding friday's steep selling in the european and u.s. markets exporters are among the main retreat in japan can make nice and is a three percent down while trying to produce a sharp almost five percent in the red meanwhile banking stocks are the worst performers in hong kong with h.s.b.c. down as a percent hitting a two year low. and just two hours ahead will be opening bell here in moscow as the russian markets ended friday's trading session deeply in the red and i six lost two and a half percent while the r.h.s. blind last week said. russian equities and did last week on a low just by president obama announcing a new stimulus package for the u.s. economy looking ahead to the next five days and. call it for nation's capital is

not optimistic as expectations of more poor economic data remain high. very interesting in the sequence of the events i say because about a speech will be forgotten that will be everybody understands that for obama it was there will be consideration he just proposing some measure of certainty for the government this will block this measure so congress republicans will be the public enemies and that's why the media chances for bottle presley's legislation will be high but they think that the real market may be in fact very little but they are you working on bread winners which will arise during the next week because we haven't seen them forward through almost like a week and that's a pretty long period of time for. the for about stuff happens. that's under curfew from renesas capital that's all the business news from off mall stores

you can log on to a website archie dot com slash business. like

millions of americans have lost thousands of dollars. and retirement funds and i haven't had as bad as many so it's not just about them it's about me to.

me man brad. data should. stand up. and say. geez. you. need it. now he. says this is my film i get the last word this financial crisis will not be fair and golf like a light sweet. wealthy british style sign. on. the. market trying to.

find out what's really happening to the global economy with mike's cars or there are no holds barred look at the global financial headlines tune in to cause a report. from. the russians would be soo much brighter if you knew about song from feinstein freshens. who's from the stones on t.v. dot com. in moscow she's available in hotels for course students want to know a photo list it is called just photo east west coast sensa nova till schauder midget. from some of the city of slovyansk on. historical.

culture in the city. schools. there is a good i'm told from the east room for that's the topic on the hutto. welcome back you're watching r.t. live from moscow these are the top stories the british prime minister is in moscow for talks with the russian leadership after years of strained relations and it's the first official visit of a british leader to the russian capital since two thousand and five. iran prepares to plug in its russian build will share a nuclear station the country's first atomic power plant will reach about half of capacity after being connected to the national grid. and italy's disputed fifty four billion euros charity package and there's a final debate in the lower house of parliament but open protest at the un popular

cards have already started with some areas in the country going as far as seeking autonomy. more tough measures and a new property tax are also being prepared for greeks as the country's economy finds it hard to scape the clutches of that step that's we talked to a greek in peace who says joining the euro zone has destroyed his country's financial prospects. greece has given the world many fine myths including the latest one and its economy was strong enough to join the euro zone was it a comedy and tragedy or maybe a farce well to discuss that ran out joined by the member of the greek parliament. thank you very much for your time sir now greece has been at the center of politico and konami debate in new york for some time now do you think the european union has done and not how greece out and not enough in the right timing and

greece was just the weakest link. in the. well constructed it is a problem when you promote the financial gratian without having political integration and i think it's the time for big decisions of the european union not so sure that the political leadership of the european union. is going to what do you think i've been through the crisis of this crisis is that the political leadership has given. a big part. to the let's call it. the people that never vote. but they seem to have more power than their elected leadership that is something

that has to change and another point of view maybe it sounds a little bit normal but making the money without producing anything is immoral and that's what we're paying right now so what you seem to be suggesting is that greece has lost more than they've gained from joining the european union and the euro zone listen our fault is that we lost chances we could then should have done more and the good things. right now it's costing us a lot you can imagine that. germany for example is lending us money with a big hit with a big interest rate and that itself is borrowing so they're making money and so help us now some critics say that. year was introduced in greece wages have been increasing at a pace seven times higher than in germany that you just mentioned down for example

salaries for public servants have increased by seventy six percent so some critics may say that it's actually the inefficient bodging inefficient cost management that pull out to these dire situation. there is a truth that the greek political system. of the. last twenty years was. giving money giving benefits and public votes. that there is not the only reason for these. patients that you refer to because you must keep in mind that when we entered your opinion on the salary of the public servants in greece was one of the salary of public servants in germany and it was supposed to be that. the game of the european union was that all europeans would come to the same level so yes there was an

augmentation of i don't know seventy percent he said but still the salaries are lower than in germany how bad the situation really is what i'd be chances of greece defaulting on in the near future i believe in the perspectives of the greek economy maybe right now it seems a rather gruesome picture but we have many passages that haven't been explored them that's one of the reasons i'm here and most promote the conference that we're having in rome. about the great russian collaboration there are many things to do especially in the energy sector of course the tourist. real estate sector the corporation and coal production of. items of high technological value with russian know how and production in greece this would have advantages for both sides plus the fact that with the help of

the european union greek farmers have stopped producing can you imagine a country like greece right now feed its people we don't produce enough meat we don't produce enough we give them oil we are importing countries like greece that should be producing everything companies have thing and should be and we had the scheme from the european union that farmers were paid so that they would then produce anything. we destroyed one of the main assets of our economy and these changes now sentiment here giving is full of disappointment taking it was a wise decision for greece to join the european union and first point with the soon to join the e.u. was a wise one the way we entered the monetary union was the wrong. relation

of the greek drachma that we had to the euro wasn't correct the way we sense. the way we made the transition from the drachma to the euro was incorrect for example prices went three kinds are we didn't pay attention at the time because what we gained from the month reunion right away was . all credit greece and greeks could borrow money easier but it wasn't used in the correct way it was used just to buy things but also the investments that were made in europe were only to sell germany you know what's the biggest investment that's made in greece for the past ten years super markets and we ended up buying german projects buying german cause.

we have helped the german economy very much by our buying capacity i'm telling you maybe greece borrowed a lot of money the past ten years from you know from germany especially like you check out how much money germany has made out of greece the past ten years you'll discover that it's more than what we borrowed just recently big greek authorities have announced a very ambitious project patient program. and by intention just tell may just take companies in the now free to raise some money and close some budgetary holes why do you think about programme i think that a big part of the public sector should be privatized i don't think that the current government is. moving in the correct direction and i'll give you an example that has to do i know that there was there is a russian interest from the railways for the greek railways and i am sure that.

russian management and russian know how the greek gray laws can make railways can make money while today they are losing. and as far as i know the greek government hasn't responded to the proposals so things like that have to change. for privatization but with. a spirit of development we don't want to sell out greeks and we're not going to sell the acropolis as some german magazines and newspapers proposed i wonder how they would feel if they would ask them to sell the night the bill gates or something because of similar historical and emotional value and i do believe that what. we get up in human young the troika as we call them the european union monetary fund and the european central

bank the proposal the plan that it's not working. raising taxes. and the economy that is in deep deep recession doesn't solve problems it creates even more what future do you like a unified europe do you think it will survive this crisis i would like to see europe survive but there are many things that i have my objections for example the relations between the european union and russia they should become better. greece has tried to be a bridge between good opium union in russia and russia successfully sometimes unsuccessfully in others there are some and you member states and they get opinion that are reacting but russia is a part of europe so i can't imagine a europe without russia there must be

a closer form of cooperation between the two sides and everybody is going to benefit from that you mention germany several times throughout the last me finish and on the german call with just a few days to go i'm going merkel sad. if the euro says europe will collapse do you agree with the statement i want to see the european currency. continue to exist i believe that we didn't start it in the right way. but it is the right direction we just need a new framework and a new understanding that we must because right now very hitting a country that is not entirely responsible everybody has its own responsibilities on the sponsor of the peace and it's the weakest link but there are others too and you solve the problem of greece quickly became

a problem for island for portugal now we're afraid for spain for italy so it can't be only greece's problems the whole structure was wrong and we have to change and we have to find another approach i still do believe in the european union and the european dream. but in the larger dream and in a more correct way and as i said from the beginning i can't imagine europe without russia. well when one deals with war for us to realize that this tremendous amounts of damage that are done not just human damage but damage the physical environment in which the battlefield takes place tremendous amounts of damage done by early bombs by napalm for a u.s. chemical symbols whether it's part of the sonic factory marine mammals or it's the

burning oil field syria and iraq or its strong coral reefs in the pacific for grammy purposes the list just goes on and on the geneva convention says nineteen forty nine states that care shall be saved in war zones to protect. against widespread long term and severe damage to the united states although it is accepted almost all of the provisions protocol one has taken exception to that. goodness.

fish. let's say cool.

the british prime minister is in moscow for talks with the russian leadership after years of strained relations if the person official visit of a british leader to the russian capital since two thousand and five. fatal is disputed fifty four billion euros thirty package and there is a final debate in the lower house of parliament but open protest the unpopular cards have already started with some areas in the country going as far as seeking autonomy. and iran prepares to officially log in its russian build will share a nuclear station the country's first atomic power plant will reach about half of capacity after being connected to the national grid. so the top stories here in r.t.

sports next with natasha. thanks very much hello and welcome to school often are seeing let's take a look at our top stories some saucer of williams and the women's singles final denying the americans hopes of a fourth title at the u.s. so. some well at school can go in as many games for oceanside as the premier league's most still talked about seem to be ball game usually you know got a. boss in the teller's lazy and on the second consecutive title of the german the winning team also drawn brain style ahead of johnson bottom along so. let's get started at flushing meadows westmount the stalls or has clinched a maiden grand slam picture a stunning syrian the williams in their reign delayed ladies final on sunday and minute silence to commemorate the sounds anniversary of nine eleven opened

proceedings on sansa courts. i started going into the championship side as obvious on the dog against three time when i had to drop the set however it was the knowing see who donates and throughout it all you had to secure a relatively easy straight sets victory six two six three seven faster capturing their overall title with a wind up on how much why they're becoming the fast australian woman to claim he was hoping singles title sounds margaret back in one nine hundred seventy three. felt like it was definitely the underdog going into it so maybe that kind of made me a little more relaxed going into this match than especially my last grand slam final i think i was able to draw on a lot of that experience from the french open and. you know i. had to believe that i had a chance to win i think obviously having two victories over there in the past. it may help me feel that it was possible and i knew that i had to go out there play

well to even have a chance to play for the u.s. open i would have never thought i would have a chance you know. certain weeks ago i mean when you're in wimbledon or whatever you know let alone six months ago or with it i just would never thought there. would be would have been available so i can be to look at myself and. now russia's men's team has won the beach football world cup a neat silly for the first time the national team beating nine soundwell champions brazil its wealth eights in sunday's phenolic the russians seem to pay three to leisurely on bodies on the boys' school the few more times in the first period to cut the chance to just one goal before the first break the second period proving to be decisive as the russians have had six i'm all brazil missing only twice and the other dogs then held on to that advantage to secure them a decent world cup a big. part of moscow's unbeaten run since june in the russian premier league

meanwhile has been extended for another week after seeing all current sunday's opening match just one goal coming on a dreary day out it sounds you had a chance to al to the school board made way through the second how punt miscued he's afeard thousand actually soaking in the experience and he calls for a day break and not with a keen wind freaking five minutes from time but striking out at the last of us to see for three it's. the league's all the spartak outfit meanwhile silver wounds in senior notch it going down to rust all dumb of have the city to open from thirty eight minutes and although the former russian international believed the keeper he didn't believe the post both teams trading chances off the words until course aged person some very i've slowed down in the eighty minutes part back now bottom of the league after the lawndale defeat. and that's because

craig aside from have been bottom going into the weekend managed to play the full train of the season so he got a million got things started east and see time with nine minutes gone the russian international and known to be his spot has teams in the bulls then double dry before the break probably made it to to nothing. and in the final game of the day you boys vol go on home page there's opened the scoring through me height of pleasure to keep my back with this long range shot. however thirteen minutes after that some will and so on much the second goal in as many games before and she before time african player of the equalising the first no game in which to lobby for another world start about the catalyst that's the winner ride before the hour mark after freaky geno falls into table wild week twenty three

the russian premier league wraps up later on monday wanted it. in grozny. now just the two games in the english premier league on sunday the first scene west brom left to celebrate their first victory of the season the baggies made history coming at the expense of new boys nor each city full of the most is moscow man of the windy and there's just three minutes seemed to seal maximum points for them while full of blood burns remain in origin as well to win list after playing out a one all joy at craven cottage. in full moon on sebastian to tell second stranger i was all but imminent with six races to go the overall leader once again the names in the competition finishing almost ten seconds ahead of mcclaren rival jenson button in more insane need to win it was ferrari's fernando alonso when he ruled into the.