breaking news on our teacher now it's the first fallout from a development potence presidential plans russia's finance minister resigned after his comments over the potential kremlin job swap the got the latest for you this hour also coming up the dash for the cash in the eurozone as the to scramble for her job rescue plan to stave off another global meltdown well the international monetary fund the i.m.f. the kids of not treating countries equally we explore that one for you to run for the u.s. most powerful body prepares for talks over the palestinian statehood bid for the u.s. and israel are being blamed for stalling the historic move. welcome

you're watching r.t. from moscow with me kevin know in our top story day eight pm the breaking news in the last few minutes russia's finance minister has resigned it's the first fallout from the planned switch of the top of russian politics ahead of the twenty twelve presidential election to focus in on these details as the coming through of unison hours across without any other and very rapid developments the last fifteen minutes or so take us through what's happened as you know it. well of course we have the big news over the weekend stacks of legendary putin will be running for president in twenty twelve and he wants our president meets with it to become his prime minister comments made by finance minister alexey woodruff in relation to the night not happy president is made about what he said when he said was he doesn't see himself as part of its pages government if he becomes the president like i said some. very harsh words this is the exchange that happened earlier today when you

put pressure on the finance minister to step down and of course that has now happened. if you think your views on russia's economic agenda differ from mine as president you can resign but you have to answer right here and now are you going to resign. or what's the. gist of my opinions do differ from yours but only take such a decision after sort of the prime minister was in pursuit of being the most observers there were you can talk to whoever you want to include in the prime minister but as long as i'm the president i make these decisions you have to decide very quickly and give me an answer today if you reconsider the differences you're talking about all if these differences do exist i see no other way than for you to resign although this would be an unpleasant outcome would be a zealot. but as mr alexei kudrin we can now say form of these and again officially his resignation has now been signed by president it's ok listen we

know now the last fifteen minutes has made his mind earlier on the last couple of hours it was for the why do this after that showdown we saw there what's the world been saying about this potential job swap at the top of the news was coming through . well that's what of course was tremendous news over the weekend global reaction to its heart has been mixed as well as russian reaction as you can see from what's all developing with the the former prime minister alexey drin in terms of the western media not really much of a surprise there a lot of criticism about the situation of course social media and networks just surprised with this news that lazy american student would run for president and that president medvedev would then become the prime minister and lead the party through the parliamentary elections the party of course knighted russia russia's ruling party i did take a look at twitter stateside a from a u.s. senator john mccain known for his anti rather it says surprise surprise shocking new scrutiny will be running for president again and then just to give you an idea

of some of the awesome tweets from the presidential aide himself our cards were called which waits president made to he wrote nothing to be cheerful about it's better to play ice hockey at the blues nicky's stadium that of course is where the big announcement was made but he goes on to say it's high time switched to a sports channel al gore with that said it's no secret that most of the russian population does very much support united russia and both the president made radio and prime minister putin foods and of course is known for green stability to the country and that's what this platform is now all going to be about moving past that stability towards further development still some work to do tonight of russia's ratings for when recent years so they still have to to convince the country that they are in fact the world's this tandem a lot of experts say that it works some critics say that it doesn't is really up to the russian people when it comes down to it imo certainly if you come out onto the streets of at least moscow people will say that they are pretty much very securely

behind the fence of talk or there's some assaults but so what could come up with this potential the n presents for problems let's get some more reaction at times to yourself and just get some more reaction to this breaking news in the last couple of minutes. so the fact that the finance minister has left the scene or is about to leave or see. what a fate that's out of the russian stock market today because it was at the business desk. i guess. over this news for us. carol news of finance minister alexei kudrin resignation is of course news from the russian stock markets and of course the ruble and departure is regarded by many analysts as a severe blow to the country's investor sentiment is good he was said to be a rock of stability for the business community of the world and also could really is highly respected by both domestic and european businessmen while we can say that the markets were slightly retreating from there. they started to lose some ground

heading to the close and my six closed up one point five percent well there. was flat to negative we'll see more action from the markets as they reopen on monday of course all right you have a couple because later in our business bulletin in about fifteen minutes time thank you. eurozone leaders work against the clock to set up an extensive rescue plan for the region to head off from plunging the global economy into a new recession the idea now is to apparently boost the size of the eurozone bailout fund to two trillion euros but the i.m.f. warned it may not be able to help out the bigger you see and economies leaders are also planning to write off half of greece's staggering debt but analysts say default is still on the cards greece has been hit by another wave of public protests against public cuts but the priority now is to prevent the so-called too big to fail countries would talk in italy and spain immediately from being dragged down as artie's garniture can reports the global lender the i.m.f.

is being accused of this proportion of policies. the leadership has changed but the methods have not for a desperate economy the i.m.f. still offers the same bitter medicine of berkeley and budget belt tightening greece's push to redouble its austerity effort at a time of deep economic recession and to sell a vast chunk of public assets at fire sale prices some of new choice but to cut dificid know the i.m.f. for my hand dominique strauss kahn said there forcing greece to pay back its debts would unacceptably impoverished the country and everyone must be willing to accept losses on greek debt but philanthropy 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 park. to the number principle and interest we're not in the business obsess of subsidies we're

not in the business of giving grants the u.s. and europe are holding the most votes in the organization and veto power despite the fact that emerging economies have been the engine of global growth in recent years the organization's policymaking has been under fire for being biased in favor of its top shareholders one of the functions of the i.m.f. is crisis warning in prevention but when three years ago the financial crisis in the u.s. was sending devastating shock waves throughout the world the organization proved completely we've done didn't indicate the united states in a much stronger and it's been warning about the builder. and. that will completely. and it will be able to monitor a rich country a as well. it will. deliver some experts see the intimacy between the i.m.f. and u.s. corporations as a matter of concern to all of the big decisions at the i.m.f.

are made by the u.s. treasury department well even the head of the world bank has accused the top advanced economies of congress in their policies when countries with large fiscal deficits preach fiscal discipline the poor countries what are they really saying he would 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 you would i say not what i do a do what i say not what i do world will fracture to the detriment of all. the always clear in must change with the i.m.f. the wealthiest members themselves facing their own problems any doubt whether the organisation will be able to take adequate measures to word up possibly another global crisis as well lending money for the world's weaker economies the i.m.f. is still facing the challenge of offering viable fulfills they could not come with

crippling measure it's the 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 forty four hard to swallow but i look at it as not resting on a let's get more views no from david campbell bannerman miss campbell burnham and thank you for being an hour to international now if what we're hearing is correct the eurozone leaders are cooking up this big rescue plan for let's face it a huge problem but will it be the remedy to cure the illness. but a lot of the details of this plan as he says the two trillion dollars two trillion euro fund talking about which is a massive amounts of money i think the whole purpose of this actually is to try and sort of contagion if greece does the force of it was now talking in terms of that actually happening a half defaulting with this fifty percent cut. you know they want to try and stop that hitting spain and italy then the larger economy which would cause

a lot more damage you know i mean can they breathe a bit easier spain and italy tonight knowing that potentially this big bailouts on the way does it make their position any more tenable. well i as again we have to look at the details of it because it's coming from e.u. countries rather than the i.m.f. . already the hundred billion euro bailout fund for greece at the moment is heading problems in finland and sabine years of out here because germany you know merkel's own party in c.d.p. has been massacred in local elections part of the f.t.p. as well so the political cost of this is going up in art and it may be that it just isn't politically palatable to get such a package through it is coming from the i.m.f. it's a different ballgame because you get in countries that are not in the e.u. britain we have four point five percent liability but countries outside the e.u. could actually then assists this fan but it's not clear the stage exactly where the

funds will come from let's focus it on greece then so the half we think may be of greece's debt could be written off as part of this plan if it goes through much of this those about saving french and german banks who are owed a fortune by greece rather than actually saving greece itself. well the world is very interconnected which is why this is all happening in the banking sector particularly is very interconnected as you say i think french planes in particular very exposed to greek i think i've seen a figure of forty five percent of greek actually due to french banks so there is concern about the knock on effects to those banks in france and elsewhere of course it hits french banks it hits all the parklands around the world we're very interconnected and so yes there is real concern here david the i.m.f. and so we other people part of the street you see we here consciously counsel he say that the way out of debt is more and more public cuts but is that

a recipe for disaster is it really the way forward. well as a third i think what's happening is democracy is reasserting itself a lot of countries are saying no you're getting real trouble on the streets of greece the cia virtually prophesies that agree a military government in greece is a possibility god forbid. there are serious political movements in spain amongst young people in italy i think the democratic price of yet more is potentially to grow it and that actually takes us really to the edge when it comes to the euro is a very serious situation this is the move the right direction to stabilize things but the moccasin may just not have it david campbell bannerman pretty sure m.p. thanks ever so much being on the line give us your thoughts about this very big ongoing story tonight thank you. this is r.t. from moscow coming up in the program with me kevin owen arming israel what proved too much for president bush was no problem for

a barber look into why america's current leader had no trouble selling off a supply of busters to tell of the subsume also. to protect and to subdue british police powers to blanket ban marches and demos is right paranoia leads to a rollback in the rights of expression the report for you from london in just a few minutes time. before that we've seen palestinians optimism over the un statehood bid in the last week but now they'll have to play the waiting game with the security council considers the proposal the organization expected to study the request for several weeks that is my report is across the latest new york for you. it's no secret that the united states has promised to veto the palestinian bid for un membership and state hood but nonetheless palestinian president mahmoud abbas made history on friday's admitting an application for palestinian statehood and the security council house to consider that application and that as you

mentioned is a process that is beginning today security council members will meet for closed door consultations that's a process that can last for weeks we do know that there are six security council members that have already thrown their weight behind of how the city and good theory needs to be nine out of fifteen security council members to approve it for it to pass but we do know that the u.s. said that they would yield their veto if they have to now washington doesn't really want to be put in a position to do this because its credibility and influence in the middle east is at stake and that is why the obama administration worked tirelessly last week to try to convince the public to be a leader to not present the op with his application for u.n. membership and statehood now there is another option if this fails in the security council there can be a vote in the general assembly the majority of u.n.

members to support the palestinian campaign for membership and statehood at the u.n. it would elevate palestine to nonmember observer status and that would allow palestine to join and participate many forums and file lawsuits with the international criminal court president mahmoud abbas said he will only return to the negotiation table if israel halts settlement construction and accept the nineteen sixty seven lines and a basis for talks those god lives were not put out by the middle east quartet and as a result of that and israel has not has not stopped or. bolted to the building settlements as a result of that our president abbas said there is no point doing business as usual this has been a process that has lasted for nearly two decades so at this point it doesn't look like the palestinians are being very receptive to the middle east force quartet

statement that allowed both parties to come back. within one month and then have everything settled within one year right now all eyes are on the u.s. to see if the palestinian bid for u.n. membership and see what will and will in essence go through we're following that story closely of course for you that was actually one of porn i with all the latest from new york where the u.n. security council is preparing to discuss the palestinian statehood bid. as president obama struggles to contain the fallout from the palestinian bid reports of merge which claim that he secretly approved the transfer of fifty five high tech bunker buster bombs to israel apparently after he took office earlier been rejected by president bush to fit israel can sell the technology to china but the story of william blue told me for obama it's a way to secure a vital campaign for. growth the u.s. has given israel. a. new if not greater than

a large europe i mean if you ask a rational explanation that is not where he go he is growing as we go because the money you get in the u.s. grain working with your lobbies and your groceries that's wrong or. your only rationale the u.s. and. europe be a large growth. people of britain of longer able to march in protest but those voices are being silenced now in parts of london for an entire month the government is letting police like a blanket ban on public gatherings in some areas know for certain is putting freedom of expression under threat therefore as it is there that found. the view of workers activists on the home office ban on marching is clear it's an attack on the basic democratic rights 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 planning one march on one day the home office banned all marches in six bars for an entire month activist richard seymour sees a wider motive as pastors in asserting it so that more. means that the police more powers and that's part of the wider problem the. police are right to pen in. a restroom very very. small for instance these people behind me are amongst the lucky few they still can march just by pure accident of geography we're here in lumberton which is not one of the six

bars affected by the patent but is as many fear the government extend and widen the plan 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 band comes hot on the heels of widespread rioting in many 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 cuts. reagan from the workers revolutionary party says it's just the tip of the iceberg to the talking about hearing. that talk about shutting down facebook social network sites we're talking about it or you'll see the real measures because what they're doing in

britain is creating a historic change which inevitably. the majority of the population will oppose and 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 cross as a stereotypic pushed through by the government trade unions are one of the immutable opposed to no public order the exclusion goes tend to be used to construction workers something that's been very clear. there's been some recent examples of people being hauled off because clients are not obviously we can see any resistance to. freedom of expression and association are in shrines in 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 your enemies r.t. london. and more hard hitting news exclusive stories available around the clock on a website or two dot com this is what got lined up for you tonight to discover britain's estimated to have rights of a whopping two point seven billion dollars tab over libya seventy five small. players and i want to know exactly how much the military shelling out got more of that of money from also for the takeover. gene use high tech technology meet russia's state of the art digging machines going up into space there it's a probe that will go on a major mission to dig around one of mars is moons to reveal the secrets of its soil again if but catches your fancy tonight siddarth see dot com don't forget as

well head for a you tube channel for more admissible stories to. pass around the world tonight small news in brief to syria first with a crackdown on protests continue in a seven month regime demonstrations tanks have now begun bombarding the strategic opposition city of a star and in the west of the country it's injured at least three people according to latest reports according to the u.n. more than two thousand seven hundred people have died in the ongoing violence since it started and battle president bashar al assad continues to blame terrorist groups the chaos while insisting security forces are protecting the. first african woman to win the nobel peace prize has died while undergoing cancer treatments one guard founded the green belt movement that saw millions of trees planted across the continent she also campaigned for democracy human rights and in particular the rights of women and i thought i was elected an m.p. in two thousand and two would serve as a minister in the kenyan government she was seventy one. the ticket

a few fighters have entered the colonel's hometown now is the three day long assault continues sirte lies between the capital and the eastern city of benghazi both now held by the national transitional council and it is one of the most stubborn strongholds for gadhafi loyalists meantime a mass grave as we discovered in tripoli estimated to contain almost thirteen hundred bodies it's believed that the remains belong to the inmates of graphic top security prison the site of a massacre in one nine hundred ninety six. take twenty four pm your moscow sports said twenty minutes time for you tonight on r.t. kate's got the results of a big football game in southern russia where mega rich argy took on church inside terek that's the club that's got across the russian markets reaction to that news this hour the russian finance ministers quit nearly a block of the. hello and a very warm welcome for the business update and that's right as we've been reporting

alexei kudrin has resigned as russia's finance minister and that follows a disagreement with president medvedev sparked by couldn't publicly starting he would not stating he would not work on them and that if in the next administration it became clear in the need often include transposition was seen a longer tenable to find out how the markets reacted i'm joined by our correspondent peter all over who is at the r.t.s. starfish change hello peter so what's going on the markets. well when a figure of the statue of alexey. resigns it's inevitable that the markets will feel some page from when the announcement was made of this ultimatum delivered by president made get of to code red to get on board with his policies or to resign both the my six and the r.t.s. both dropped one percent alexy couldn't is a very highly respected figure in the financial world not just here in russia but

also around the world he's one of those men who is credited with bringing financial stability back to russia following the dark days of the mid ninety's he's also credited with having set up the oh you know you'll reserve fund using excess oil profits to to put their way into a slush fund that came in incredibly useful in two thousand and eight when the financial crisis hit russia this global financial crisis and the effects of that would eased somewhat on russia g.t.d. existence whole thing spun. the position as you say oh division of mr could you it was pretty much untenable for mid-afternoon. for many the markets hides a good few hours in which to weigh up which way they were going to go we did see some sales only rushed. the r.t.s. eventually fairly finishing slightly down the my six slightly good jew to the

volatile nature of global war good so at the moment it's difficult to see just how much of an effect they are how much this is the driving force behind changes in the markets right now is that something will be how do we keep an eye on. us right peter we'll have more market reaction as the markets reopen on tuesday peter all of our reporting from the stock exchange and the russian markets have closed to makes as we've just been discussing there she has ended flash to negative and to my six was one and a half percent abi can see the figures on the screen let's not have a look at some of the individual shirt movers in the minds of most energy may just be more on the rise lukoil gaining two and a half percent sarah brown slipped into the negative territory in the end of the trading session telecommunications giant duncombe also trying to interact the company is listing twenty five percent of its preferred shares in london. and you out stalks are rising as investors that the european central bank will take

action to prop up the region's unstable economies. and finally to europe european markets ended monday's trading session end of life banking stocks were high although miners were under pressure due to weak mortgages prices so far and gold miner fresnel it was the biggest follow up on the pan european ended stripping eight point four percent on lower precious metals. part of the price of oil. is high of this hour investors are speculating that europe's or in touch prices will cut fuel demand ample supplies brand is it over one hundred four dollars per barrel while the top of the chinese trading at eight at all the stout. ok that's all the business news for now join me for another business operation less than one last time here on r.g.p. .

many. of the.