r t our top story global media has responded to news that vladimir putin will campaign to return to his old job as president next year he's been backed by russia's current president dmitri medvedev who is now aiming to replace putin as prime minister parties and he said now has more. the announcement itself not a very big surprise but how and when did it happen some analysts are saying it was the best kept little secret in modern history of course social networks went crazy with reaction if we take a look at some of the tweets that came immediately stateside from senator john mccain not a big surprise coming from him he of course a former presidential candidate in the u.s. in two thousand and eight says surprise surprise shocking news putin is running for president and then here in russia from a presidential aide. we have nothing to be cheerful about it's better to be playing ice hockey at luzhniki that of course is the stadium where the united russia convention took place and the announcement was made he goes on to say it's time to

switch to a sports channel another another tweet from katrina vanden fugal who's the editor of the nation says they did it to replace region democracy russian style not so they were going to hear from a lot of analysts whether or not this is the path to russia creating its own democracy so to state not necessarily. taking the western model that we see in the united states in western europe very different reaction on the social networks and this really is just the beginning i think it's fair to say this announcement happens on the weekends to throughout this monday we're going to be hearing a lot of different analysis about what this means with your pooch and running against a president in twenty two by putting doesn't joy a slightly higher approval rating than president medvedev it's about three percent and really he is known for bringing stability to russia after the turbulent ninety's russian citizens of course very much appreciate that ricardo from voice of russia radio had this to say he's got to start creating jobs just like other

presidents other prime ministers have to do across the globe to start the russian economic engine. going again restart the economy there i don't think he needs to change this point he has been very. consistent as showing himself as a very strong decisive leader and he certainly has done the same with his protege obviously present a budget and this is the kind of political intelligence this is the kind of smarts that i think people respect whether they're in russia or the u.s. be shown to be very decisive very strong and has a vision for russia and i think that whether it's the u.s. or russia or any other country when you have a leader who has a vision and the strength of the people can see that's the that's the individual they want to office. did it certainly have their work cut out for them what they need to do now is convince the russian people that it's their tandem that will take process through the next decade and move past stability to further development.

explore a little bit more about this with political analyst victoria up and over from moscow state university of international relations thank you very much for joining us here on r t so you're an expert in foreign relations what do you make of the international reaction to the announcement i would see everybody more or less outside russia inside russia they were expecting this kind of outcome so there were usually two ways of putting is the contenders so we could see that there was no. nothing really negative came out of it everybody was either taken it positively or taken the neutrally and it was expected from other point that putin as medvedev was mad by highest ranking officials in europe and in the united states at the same time so he would have same talks with america even been a prime minister all he would meet with biden so it was clear that from the outside

russia all the leaders would need both need a bit of and putting understand if you're shooting would be either next president to come in as a candidate for the presidency or it just still stayed in point really in person in the party so i would see. a broad this message was taken to you rather positively despite there was no real criticism of him in the position media so i would say it was just expected so just finally people to ok so now you just announce it no more uncertainty that has been put in is largely expected to win the election but is there any viable alternative to him at this point especially since he is the going to be the united russia candidate and united russia is the ruling party well i don't really see a viable other pony a position later coming out but you know first of all there's usually only one most important most popular leader that's ruling or just expected to win.

putting himself came out of nowhere and he was a kind of a dark course when he just came out to polar so nobody would expect him to be a popular leader so we i don't know if. there is a proper p.r. campaign maybe somebody comes out. probably they are situation around prokhorov could make you mad kind of at least a candidate not that he would win or at least he can't come out i don't think any other party probably apart from because it's. probably probably probably tend to come out with a problem a candidate but otherwise i think no there's no either viable candidate but. so he would likely to be to win but you never know who can come out next time. putin did help the russian economy gets back on its feet during the turbulence of the ninety's but there's still

a long ways to go in terms of progress do you see more reforms under another term for putin as president putin came out with their make major slogan stability now it's not time we still need to preserve stability but we wanted innovation something would. if was coming out with so it will depend on how putin is eager or able to push for innovation marginalization of the same time preserving stability. because now it's rather difficult time all over the world with their continuing crisis in the euro zone still uncertain is even in the merging economies so since putin is popular and he has their strong hand upper hand in the country he might have. he has wait for that but. you can just hope i'm sure he will try to do it because there are lots of talk about him being a put twelve years for next to turn so if he wants to be for than to turn he's in

power of course he has to make some progress over the next six years and in terms of president medvedev during his administration there was the real reset in relations between russia and the u.s. do you think that's going to be continued under president putin or what do you think if putin becomes president that there will be a new status of the relationship between russia and us i don't see that putin is coming back to power will cause a stalemate between russia and the united states of america as i told earlier putin was met by biden i think joe biden is still there. more not a must in mind but still the initiator of biggest initiatives in foreign relations because he understands much more in it than about the president obama himself so i think this would continue the reset would continue. protein will about the bomber will adapt to i didn't see any negative signs on the part of the liquid bomb.

exception putting as a partner in the for the reset relationship all right thank you very much for torie up and over from moscow state university of international relations thank you for joining us. stay with us here on r t lots more to come in the program including peace spy veto washing hands accused of being u.n. member states to delay the palestinian statehood bid as a security council gathers to discuss the issue plus. the you know you could use it to know about shutting down facebook social network sites. to know about dictatorial sume measures. historic measure changes in the u.k. is the home office and police impose of ban on marching. but first euro zone leaders are preparing a rescue plan to prevent the escalation of the financial turmoil threaten to send the global economy back into recession this comes as the i.m.f. has warned it may not be able to help out bigger european economies struggled struggling to tackle their debt with a greek default now widely considered just

a matter of time the priority is to prevent bigger states such as italy and spain from being dragged out greece has been hit by another wave of public protests against government austerity measures but as our teams gynae chickie on reports the i.m.f. is accused of being too tough on some countries while being too soft on others including the us where the two thousand and eight crisis began. the leadership has changed but the methods have not for a desperate economy the i.m.f. still offers the same bitter medicine of draconian budget belt tightening reeses push to redouble its austerity efforts at a time of deep economic recession and to sell a vast chunk of public assets at fire sale prices some have new choice but to cut dificid know the i.m.f. for my hand domenic stress con said that forcing greece to pay back its debts would unacceptably impoverished the country and that everyone must be willing to accept losses some greek debt but feel lancer p. has never been the i.m.f.

strongpoint it's an institution where my main shareholder is the united states of america well any dollar any euro that is invested in the fund goes buck. to the member principal and interest we're not in the business of subsidies we're not in the business of giving grants the us and europe are holding the most votes in the organisation and veto power despite the fact that emerging economies have been the engine of global growth in recent years the organisation's policy making is been under fire for being biased in favor of its top shareholders one of the functions of the i.m.f. is crisis warning and prevention but when three years ago the financial crisis in the us was sending devastating shock waves throughout the world the organisation proved completely redundant in the case of united. taking a much stronger position warning about the build up financial. i mean.

that right. then that. completely dropped the ball and it must be able to monitor the rich. like united states as well as other countries it will only lose its credibility some experts see the intimacy between the i.m.f. and us corporations as a matter of concern all of the big decisions at the i.m.f. are made by the us treasury department well even the head of the world bank has accused the top advanced economies if you congress in their policies when countries with large fiscal deficits preach fiscal discipline the poor countries what are they really saying do what i say not what i do when countries pay homage to free trade but hold back developing countries with barriers what do they really say do what i say not what i do a do what i say not what i do world well fracture to the detriment of all. the old ways can and must change with the i.m.f.

swell theist members themselves facing their own problems many doubt whether the organization will be able to take adequate measures to work off possibly another global crisis as well lending money to the world's weaker chrono means the i.m.f. is still facing the challenge of offering viable solutions that do not come with crippling measures but one thing is clear the world demands an i.m.f. that does not work solely for the benefit of the few i'm going to check out with what information our team. we spoke with that russia's finance minister alexei kudrin who says in order to tackle the economic crisis countries in the west have to deal with what provoked it in the first place their consumption war and these thoughts at our interview coming your way in about twenty minutes as. the way western countries are vital has become somewhat outdated has huge consumption and little investments and savings have provoked this crisis at this point most western countries are not ready to reduce their consumption and preserve the pre-crisis

development patterns this does not lead to marriage from crisis on their consumption is not substantiated with really economic results because consumption is putting them into debt so western countries have this issue and they're trying to resolve it by printing money which only delays the solution. we can't yet predict when the economic point of view of this printing of money and supporting artificial demand will help kick start the engine of the western economy so far this is not yet happened after all what the federal reserve system must don't know we can see the situation has become worse as those measures have not been enough and one can expect the printing of money will resume. the latest coverage of the turbulent financial situation around the globe be found at our web site r.t. dot com here's what's on live right now watch videos of protests the occupy wall street that have been the scene in lower manhattan

a movement that has some champion. as the u.s. are prevalent of an arab spring but it's. a finnish pastor suspended by a search for a speaking out against one of the world's most wanted terror read all about it at r.t. dot com. following a statehood bid at the u.n. is beginning to dampen as a security council prepares to discuss the case later today the palestinian authority has given the un two weeks to decide on the issue after accusations washington was intimidating member states to bog down in bureaucracy the shadow of a promised u.s. veto hangs heavy over proceedings president obama vowed to prevent the recognition of any free palestinian state without the approval of israel. member of the west

bank fatah movement says negotiations are impossible if one side has no interest in peace. we have no the experience of the last nineteen twenty years that there is there a these are not serious in the go shooting with the palestinians they want to talk and build settlements they want to go shoot to those and beyond that ethnically see in jerusalem and elsewhere can only come through mutual understanding between both sides between the israelis and between the palestinians but the united states is also an important element because the tail of the washington axis is blocking the peace process in the region washington should stop its double standard policies it should also stop financing on all levels equipping is the with the most sophisticated weapons but is the unions are really fed up they have been suffering for the last six they kates and more they want finally to achieve peace and that's

why we are looking for palestinian statehood we are looking to establish a palestinian independence state alongside is the where both people can live in peace and harmony together. events at the u.n. have seen a torrent of criticism unleashed at the u.s. with many cues in washington of new heights of pandering to israeli interests that as a new report has emerged claiming president obama approved the transfer of fifty five high tech a bunker buster bombs to israel only months into his term of office something even the bush administration has refused to do but if you know according to author and historian william blom it's all about campaign funding well the u.s. has been giving is the whole amount of a bombs who are decades and decades this is nothing new it's not based on logic i mean if you asked a rational explanation that is not what he is pro israel because of the money he gets in the us for his election campaigns he gets

a fortune from the jewish lobby and you have a visual that's what motivates him and that's the only rationale he has and have to be logical. consistency. the u.k. government has granted police the right to prevent far right groups from marching through several parts of london for thirty days scotland yard says it's applied for the ban over fears of violence and disorder planned by the english defense league earlier this month but authorities there and reports it's prompted concerns that a dangerous precedent has been set in terms of police power and freedom of expression. the view of workers activists on the home office ban on marching is clear it's an attack on the basic democratic rights working people in this country through september in six areas of london anyone marching like these people did last winter is liable to be arrested and fined or even imprisoned. the ban was prompted by plans by the anti muslim english defense league seen here in

luton in february to march through tower hamlets the area with the highest concentration of muslims in the country but instead of banning one march on one day the home office banned all marches in six baros for an entire month activist richard seymour sees a wider motive once the ban is pasta doesn't necessarily mean to say that march isn't going to happen it just means that the police to have more powers and that's part of the wider problem but if you're restricted to a static demonstration the police have a right to pen you in. a restroom very easily you know relatively small appliances or non-offensive these people behind me are amongst the lucky few they still can march just by pure accident of geography where hit in lumberton which is not one of the six affected by the ban but if as many fear the government extend and widen the ban to take in more parts of london the scenes that you see behind me both small

and large marches through london and many other cities across the country could be a thing of the past the ban comes hot on the heels of widespread rioting in many. in english cities in august it also coincides with the introduction of government austerity measures which some say amounts to the dismantling of the entire welfare state many say public fear of civil unrest is being manipulated to prevent unions from turning out to protest fierce cuts and patrick regan from the workers' revolutionary party says it's just the tip of the iceberg to the talking about area curfews talk about shutting down facebook social network sites. talking about it or your civil war measures because what they're doing in britain is creating a historic change in which inevitably. the majority of the population will oppose

them the home office can only stop marching it's powerless to prevent people from gathering but workers' organizations argue it's no good just standing there you've got to be able to march to make a statement as the unions did in march when more than a quarter of a million people turned out to protest the cuts activists say that's exactly what the government's trying to stop just in terms of where we are at the moment in this country with the process of a stirrer to being pushed through by the government trade unions are one of the major books opposed to that no public order legislation does tend to be used against striking workers i mean that's been very clear. there's been some recent examples of people being pulled off the picket lines and not obviously we can see any resistance to. freedom of expression and dissociation in shrine didn't u.k. and european law with the u.k. renowned for its powerful union organizations but the ban gives police the ultimate power to step in and arrest demonstrators merely for exercising their right to

speak out against the government and that's a dangerous precedent to set nor am it r.t. london. now it's a. other stories making headlines across the globe libya's ruling national transitional council is reportedly struggling to form a new interim government as fighting continues near the city of sirte still loyal to the fall of the leader moammar gadhafi the ongoing civil war has claimed the lives of an estimated thirty thousand people so far meanwhile the capital tripoli a mass grave was uncovered containing the remains of almost thirteen hundred bodies believed to be the remains of belonging to the inmates of put off these top security prison abu salim which was the site of a massacre in one thousand nine hundred six. syrian tanks and machine gun positions have started bombarding the opposition held city of all around us don in the west of the country reports say three people so far are injured and that the army is preparing to storm the city this follows

a sharp spike in anti regime sentiment around the country with syria seen some of its biggest protests in months president assad blames the unrest on foreign meddling aimed at the stabilizing the country. the french senate elections have taken a historic turn with the left winning enough seats to gain control of the upper house the first time this is happened in more than fifty years the change comes only seven months before the presidential election and is a serious blow to french president nicolas sarkozy and the conservative government . to spain now where the last scheduled bowl fight in catalonia has ended in clashes between fans and anti bullfight campaigners scuffles broke out near an arena in barcelona after the end of the show a ban on bullfighting brought in by catalonia as parliament comes into effect in january after pressure from animal rights activists but many see bullfighting as a part of their heritage and want the tradition preserved.

korean is up next with a business update stay with us here on our. harry welcome to business here our team thanks for joining me at this hour russian equity markets are trying to bounce back from last week's losses the worst this year last week the r.t.s. fell sixteen percent for the mines it's lost twelve percent and that fresh concerns over the global economic outlook and europe's debt crisis now let's get the latest from peter are with the r.t.s. stock exchange this hour that has just started trading session hello to you peter so so are the markets looking out of the opening bell. well both the r.t.s. and the my six have opened on monday morning and tell you that they're both down by over three percent already they had been hoping to make back some of those gate those losses that they were had inflicted upon them last week though the reason

that they lost so badly last week was due to a number of factors including the. well a not very sunny outlook posted by the u.s. federal reserve when it came to potential growth also economic factors in europe as well though it's not honest saying it's not unusual for russia to have seen this type of a a drop when you look at the global situation it is an emerging market emerging markets the first places that investors look to take their money out of now what is interesting though is that russia was hit harder than most other emerging markets are looking at places like india or brazil here they're hoping warning is that due to russia's reliance on the price of oil and on oil exports that it does make the russian economy vulnerable should the price of oil do look should the price of oil drop off and we could see further losses all your shit markets here. ok peter our thanks very much for that update ok and now let's look at the figures here in

moscow we see the r.t. has dropped over three percent in the first minutes of trading and i'm isaacs is. down over two percent now energy and banking stocks so far losing over a percent now in asia stocks are trading lower as well with tokyo stock taking a large hit after a three day weekend nikkei is dropping two percent this hour catching up with heavy losses in asia on friday among the top losers mitsubishi shutting over eight percent and sony losing four percent hong kong shares are also losing ground with hang seng down one point eight percent. and oil is trading near the lowest in more than six weeks investors are speculating that europe's sovereign debt crisis will cut fuel demands and that ample supply bread bland is trading at one hundred three dollars a barrel. losing seventy seven cents and is trading at seventy nine dollars a barrel. for other stories ukraine says it has achieved significant progress in natural gas talks with russia president viktor unocal which met russian

leaders late saturday to discuss the terms of gas transit and supplies now the parties agreed to hold that into government meeting in ukraine and told work crane claims it is paying too much under the current gas supply deal and wants to change the terms russia says is prepared to provide a discount but in return wants a stake in ukraine's pipeline network. the national energy security fund believes it's the simplest solution for kiev. we must solve the problem of. who will be the purpose of the problem will be the proper it all this pipeline in my opinion is the most realistic way to give russia at least fifty percent in this pipeline system and the russia will give serious discount because it's an official position to do the merging of the sperm in the gas the price in ukraine will be the same as in russia now the price in russia oh you every price is approximately one hundred twenty dollars so three times cheaper than you cream me so very simple solution but

if you cream. will be disagree with this proposal if you will still insist. on discount without solving the problem of the pipeline system so if ukraine doesn't want to give proper to. ukraine will have no other choice but to give all the quantum your soul the choice is very simple. that's our business that for the salad bring you more market updates and the next hour drama that.

the losers. just sleep.

ten thirty am in moscow the zero r.t. headlights from one comeback of the world reacts to names out but here is running for the russian presidency again next year with dmitri medvedev now planning to replace him as head of government and some are skeptical about the move though the two. and continues enjoying strong approval ratings among the russian people. a clampdown on freedom of expression in the u.k. as a historic precedent is set over a ban on marching in parts of london police say it was necessary to prevent violence and disorder planned by far right groups. european leaders preparing a rescue plan as they battle to stave off a double dip recession on the prospect of a greek default while the i.m.f. warns it may not be able to help out bigger economies but the fund is accused of being too tough on some countries while taking a soft stance on others including the u.s. where the crisis started in two thousand and eight.