leaders of the world's biggest economies meet for a g. twenty summit or center stage is taken by the euro crisis now intensified high degree decision to hold the bellows referendum. tensions growing in oakland where a rally of thousands has a lawyer called and lead your support shut down artie's correspondent on the scene says clashes have erupted between riot police and anti wall street protesters. in a moscow says it doubts viktor boots a verdict is a fair one and pursue his return home to russia as westport by businessmen built on striving after his arrest in thailand. it's.

noon in moscow i match reza good to have you with us here on r t our top story it's a shaky time for leaders of the world's twenty biggest economies who are set to meet in france the eurozone trumbull's after greece's shocking announcement that it will hold a referendum on euro bailout plans and as artie's an isa now reports from cannes the summit could become the scene of a major standoff. it's europe france versus euro skeptics at this year's g. twenty basically they can summit has been hijacked by this euro crisis after the greek prime minister dropped a bombshell saying that his country would hold a referendum on whether or not to make cuts and accept this latest batch of valid laos being pushed by germany and france well the greek prime minister was summoned and told by angela merkel nicolas sarkozy the host of this year's summit of the i.m.f. and the european central bank that basically the country needs to play by their

rules or get out of the euro zone saying that his decision to hold this referendum was unilateral other to change the psychological situation of the euro crisis but some of the analysts we've been speaking to say in a very sarcastic way won't come from big the greek people should be the ones to decide the fate of their country perish the thought the people who are the victims of the various so-called rescue packages that the e.u. and the i.m.f. and the e.c.b. of coke so it for the last eighteen months or so perish the thought that they should actually be allowed to decide whether they want makes things well some still think no matter what the outcome here and can that for greece the outcome in the end will be the same i believe that the greeks will be forced into accepting whatever stereo measures or whatever below packages are are dropped in their laps brussels and the g twenty the emerging economies were meeting of course in this year's g twenty including russia have been saying for years that the financial

system has to be completely remodelled of course in a global sense now we have people in america in europe across the world coming out and find to their leaders that something needs to be changed so certainly today we will be hearing some criticism perhaps of these emerging economies of course are big part of the g. twenty perhaps not hearing their voices as much as the g. seven the g. twenty of course created at the height of the two thousand and. financial crisis solve global economic problems but the questions being asked what has changed and will the voices of these emerging economies this time around. reporting from cannes and the art. leaders that fast developing economies including trying to walk help the struggling walk beijing based correspondent shot in france that says if china agrees to come to the rescue it will come at a price for europe less than china will likely be asking for some major concessions

one route for china's funding of the bailout fund would go through the i am after and i am not fines now the i.m.f. historically has been dominated by the united states and european powers and developing countries have long argued for greater voting power and more of a voice in the i.m.f. so it's possible that china would demand greater voting powers within the i.m.f. for having its money go through them not to the euro zone and so that's one thing and that of course would diminish the the influence of western powers in that and not find another thing that china may ask for is greater opportunities for foreign direct investment and to europe and i that means sensually buying companies technology companies and so on and europe and the us so if china decides to help out the euro zone in a crisis china will use every bit of its leverage that it can right now china has all the money and as one analyst put it china is right now the banker to the world china's influence is only such a grow and i think what we're seeing right now is you're seeing your i've been in

the united states and a state of crisis because of the forces of globalization and they're proud to say i'm a lawyer and a larger scale you're seeing a shift of power and a shift of and influence both economic power and political influence to the east sense of china. and later today max keiser and stacy herbert discussed whether some of the legends of rock n roll might have been a better job fixing financial turmoil than today's bankers and politicians. john and yoko ono were actually watching the kaiser report during their famous bed in in one thousand nine hundred sixty nine and you see you know this is a unique perspective not very many people look at this shot from that time but as you can see they were also saying all we are saying is let the banks fail and kaiser karma at the time nobody thought to look at the full three sixty you have that shot exactly to look at some of the posters on the wall like make love not that now suddenly in the air twenty eleven john and yoko were clear voice

and they saw john was a visionary he saw the future he knew it was coming. in us eyes were on oakland where there were reports of clashes between riot police and anti-corporate protesters earlier a rally of thousands paralyzed one of the country's major ports and disrupted businesses in the city our correspondent lucy catherine i was in the center of the action in the protest rockport and filed this report from oakley. we're here at the port of oakland where the occupy wall street protesters have successfully shut down the porch the crowd you see behind me is gathered here because one of the workers tried to speak through the crowd almost running over several protesters trying to get through the human mind the human barricade the presence or surrounded the car venting them from going he's now backing out a lot of folks here furious because again this was a particularly peaceful march hundreds of people sorry thousands of people had

gathered here almost no police presence and so these kinds of tactics these kind of aggressive tactics driving through the crowd plowing through the crowd i really uncalled for and very very surprising here in light of how quiet it has been and again the port of oakland has effectively been shut down several thousand people marched from downtown oakland onto this area they shut down all of the gates effectively sending a warning shot they say to the so-called one percent of the corporate owners of the ports trying to hurt the top of the to where it hurts the most in the pocket in the economic sense whether or not this these kind of tactics are going to be repeated at other occupy wall street movements remains to be seen but it is quite interesting to sort of note the contrast between the having and tactics employed by the oakland police department just about a week ago when we saw the very serious crackdown better resulted in several hundred arrests and an injury to one iraq war veteran as well as other protesters

with a very very peaceful and get massive demonstration here that almost no police presence that successfully and effectively shut down the sport i think that at the very least it's going to be a new tool in the arsenal of the occupy wall street movement l.z. sort of the power that that folks have to organize on short notice and to take out these kinds of actions that you know can't really be ignored regardless of whether you stand for or against this issue it isat that's likely is that affect the pocketbooks of the large corporations that do get noticed i think that protesters will sort of learn a lesson from that or perhaps more that in other areas i reporting from downtown oakland at the port of oakland for our team and we seek out. a losing cause and off is still on the scene there in oakland she joins us now by phone. hello lou see so if you can hear me what's going on on the streets right now. i met one sitting on the corner of broadway and. then i opened protestors and.

we were actually just about a block away when about a sixteen white on my. i counted pulled up with the police officer stress in full riot gear and. they got out of the street and started marching down toward fiction where protesters had taken over a foreclosed home this is one of them you talk about the movement the essentially barricaded the streets and. hires a garbage dump is on fire and that is more than about two hundred fifty responses there's a get in riot gear marched down shooting up here gas out of sort of large weapon washburn a sort of gun and scare the protesters we counted at least three arrests and that be here gas is permeating around the area and right now i am standing in the middle of the street there are police officers to my left and right there's really no way to get out right now. but there's remaining folks are meditating in fact important

part of the police line people are dancing other people are just in shock at what they witnessed and still don't know how this is going to end the math. for the police remain information to confront them hand a little bit rowdy and that's very very hard situation at the moment doesn't seem like things are settling down right now or things still very touch and go where you are. i mean they're not going to try or so i guess in that sense that you know it does not seem like it's ever speaking right now i'm thinking i mean basically there's about two hundred police officers standing information about i don't know maybe fifty or so are marching down sixteenth street this is where the post was taken over the post those building and taking out furniture there i can see around the corner what's happening there. it does look like there is a mass movement at least right now down the street i'm trying to get a little bit closer to get a better look back it does look like some of these officers have these weapons out

these men we saw last year guess what comes out for don't want to get too close just yet but it does not look like it settling down at all what will the sellable mean being again more and more sort of a threatening tactic than actual rap but this crowd is rowdy they are ready to stand against the police and it does not look like it's going to be settling down anytime soon what are some of the things that you hear people saying around you. people are chanting our streets our streets but if you tell chant when you're faced with a couple hundred we thought the search for a hole in the make sure. our streets get off those are streets these are our streets those are the perceptions behind me in front of me it doesn't really look like a mass of posters noticed the large movement at least my suspicion from having to put them in a corner earlier i think there's probably a couple of hundred police protestors cornered off down there officers around and

by the street i've been clear whether they're surrounding them for a rest or just marching down but again very very unclear how this will develop and i know we will dangerous situation when you have a agitated posters specially after which are a large march and such a mass of. you know one wrong move and they really are good pensions likely alright artie's losing cabin alright for us by phone in oakland thanks for that update. thank you and lucy is keeping us updated on the latest developments also by her twitter feed where she also described in the most dramatic events of the day at the protest in oakland california. she reveals how her archie crew was unable to leave the port area after filming a car powering through a crowd as lucy in her cabin were surrounded by protesters who voted on whether or not to let them pass the events in oakland by the lucy cotton of twitter feed and our reach we as a power to underscore calm. tonight other news we're covering on archie russian

businessman victor boot has been found guilty of trafficking arms to terrorists by a jury in new york he was arrested in thailand three years ago later after several attempts by the u.s. he was extradited to the states and funny ten or he's marine important i has the latest. just one day after deliberations began a jury of twelve handed down that verdict and the verdict is that they found russian business and businessman guilty on all the charges that were leveraged against him by the united states and those charges include conspiring to kill americans are conspiring to kill u.s. officials trafficking rockets and also he was charged with supplying arms to the revolutionary armed forces of colombia an organization the united states deems as terrorists now this this trial of victor boot went on for about three weeks

but his presence here in the united states has garnered a lot of attention as we've been reporting that u.s. fought very hard to get victor victor boot extradited from thailand to the u.s. over a year ago but that fight with was taking place since mr bruce was arrested during a sting operation in thailand in march two thousand and eight. has pled not guilty on all the charges and he still maintains his innocence his attorney albert diane did speak to the press following today's events that took place in court so this is not the end but he still has a chance that we have a chance to will again we can appeal to those judge. that the verdict was rendered against the we need to be evidence now that we can also proceed to the united states court of appeals but we are disappointed at this verdict now that he's been found guilty on these charges he faces a sentence of anywhere between twenty five years and life in prison. russia says it

continues to question the grounds of the case against it and wants him back in the country is going to raise us live from moscow outside the foreign ministry with more so you know why is moscow so annoyed. russia strongly criticizes the u.s. courts decision saying that it's a big question into how lawful was it that the u.s. nitish to give that a good all history so in the first place since it was twice that a thai court could not find enough evidence to extradite him then all of a sudden it changed its mind and just a few hours after that who was on a plane headed to the u.s. back in two thousand and ten and the foreign ministry here in moscow says that this was a result of political pressure applied on thailand by washington it also claims that i'm negative image has been created around gets the boot and this piece on purpose by u.s. media and all this makes the russia question the us course objectivity at the moment the foreign ministry says that its main goal is to get to the going back to

russia. easier. for us from moscow thanks for that report. well for further discussion on the story i'm joined live from nice by daniel s. still in all the investigative journalist thank you for being with us so not scott is still question still still skeptical about the case against him but what motivation do you think washington could have to keep him to push him into the efforts of getting jailed well as i said so many times previously and many of my much like for the interviews. because it actually is a pause international global game where russia basically is the end game russia is the only nation in the world that actually the stand up to nato to the united states aggression and to the plans of the bar police to actually have there be one world government or new world order one company limited call it whatever you want than usual is just an example of what is actually being done against russia's interests across the world the idea that they're troubled businessmen and actually

get access to weapons being and that goes the or the american government it's called the actual execution be officer of course you're going to keep the k.g.b. officer or the ideas that gave you the officer but not get its hands on any weapons unless about a correlation in this case obviously the insinuation that russia would actually help and supply him with weapons we basically puts russia in the same council that ran north korea actually in the way they set around and of course other efforts i made across the world to actually destroy russia's credibility or undermined employing such as for example seventy ascii code bases which i mean gus trucks in the pianist that it was only object it was actually the southern flank of russia and case of war the drugs which are being pushed from by me are based interrupted subject change which of course kills over thirty thousand russian youths every something the minister ivanov has said obviously has been protesting to our nato in afghanistan saying that they have to do everything that's our to stop this drug

influx into russia and actually have the drug trade with afghanistan something of the nato alliance of abuse americans has categorically said no it's a story and it's a real unfortunate he's a fine because he. the national game. this game in his case has come to an end and tied together a lot of very disparate things there but why do you think the extradition has raised questions from the start with russia high court refused to give him away on two occasions and then suddenly change its mind why do you see that being the case with that tie court making that change were actually in the case of the case against her trouble in thailand or russia to do so should the further surgery which was made by the regret of the first things which was actually a wrong decision because i would you perhaps fought against the american government saying a par was not a terrorist organization but a political resolution something only a person says i agree with you have a mistake of course was corrected by the court of appeal which way about it didn't matter it was a relevant point really thailand considered. the part of terrorists

a terrorist or political organization in fact of the united states government and that state's nation considered the part of terrorists of those action was are not going to rule to stand trial in the united states and of course i was there from the very beginning along with several other people trying to help whom he financed ever was against the american government we warned him not to actually go and play the card part of being a political or a criminal organization because it was really simply irrelevant the idea was i never ever had any access to any weapons and there was no evidence anywhere in the world that shows that i think any time i've ever dealt with weapons in the course of the fight anybody if that's if that's the case of pears no evidence of this then how would a prosecutor is able to prosecute a successful trial against him progress through all the cases in the united states and basically roll to show you how how little the american justice as a world war what would a war if it actually has today might even if i if you just just to bring up

a point it is a jury trial so they do need to convince twelve impartial relatively impartial people that there is evidence against boot it's not like you could just be. but let me put it up with. one of the strong evidence against which was are up here only the voice recordings which are personnel to rules voice at all but rather crude copies using computer programs such as possible boyce mask through which you can buy put twenty dollars and you can replicate anybody's voice and you can solutions move towards something going to get better during that you had never even brought up in court there were other evidence for example so much of the alleged evidence which was found addictive was computed with the agents out there to get used against them in court what it is again an american g eight american government never had access to victims computer because books or books computer or the first day is. the first day oh here's the rest and fallon was taken back in actually it's and it was brothers possessions. computer so the american government never had any

access to his computer so again there's a lot of evidence which americans have presented in court which actually baseless and unfortunately the defense attorneys we haven't addressed any of his points all right thank you very much for your input daniel aslan author and journalist thanks for joining us thank you. with the influence of social networks and growing especially during times of unrest britain plans to use them against protesters following the summer's massive riots and are making youth club workers spy on their members is among the controversial proposals including monitoring their messages as archy's laura smith reports from london the plan could cause total isolation for a potential troublemaker. the reality of life in east london young teens take part in a workshop on gang violence with the government laying the blame for august riots firmly at the door of gangs one london council is talking about making youth workers spy on their members and monitor their social network activities and

anything suspicious would be passed to a special anti gang unit but the m.p. for hackney west some of the worst on rest place says it's not the technology to blame us in this country when there was no internet and those. text messages so it is not so that's. the real causes of rides rather than. the messenger and that's the real possibility it will backfire for some young people being used clark is a safe haven in an uncertain world and message monitoring could undermine agent relationship between useful and vulnerable teen making it less likely to turn to them in a crisis and more susceptible to getting overtures and ultimately crime and violence during the riots social networks like twitter and blackberry messenger were used by rioters to pinpoint the next location marked for destruction the government went as

far as proposing shutting down the services while two men were jailed for four years each for inciting rioting on facebook but teens say spying risks isolating the very people they're trying to help if that happens then people will know what you sent and i don't think there are undoubtedly social issues and solving the requires walking a fine line between coming down hard on troublemakers and preserving civil liberties for everyone but it's clear that this measure which would cost hundreds of thousands of pounds to enforce could also cost the trust and goodwill of the same risk youths we all thirty's are so concerned about laura smith r.t. london. at our web site where there's plenty more of our top stories lined up for you here's what's a click away right now. israel's military test fires a missile reportedly cave paul deliver

a nuclear warhead to any part of the middle east as far as europe was. baking there is a family of animals in russia's foreign states and the highways locals were rude check out the full footage of arjen dot com. business news next with you here stay with us here on r.t. . colognes a very well well country of business of dates russia's leading banks russian agricultural bank increasing rates which imposes stability encourage consumers to bring more cash to lend it's the maximum raises burbank is now it's around seven percent but that's still no lower than in smaller banks which started raising rates

in september some analysts say the banks some preparing for a new level financial crisis and liquidity just squeeze rich a tense were thrown restraining says the banks have a lot of assets on their balance sheets but cannot sell them in the current environment. it's cheaper to take money by increasing deposits all increasing the. funding from the central bank is cheaper to do that than to sell off lesser purities in a depressed market i don't think it was a problem in my search in the bricks themselves an environmentally portfolio i think the problem is in a security issue portfolio. meanwhile the country's central bank has become providing unsecured loans to lenders to see them against a possible lack of liquidity it's also trying to reduce banks' dependence on overseas borings analysts say global economic uncertainty makes it harder for local lenders to raise cash approach. let's have

a check on the markets for oil as low as the u.s. ended a two day meeting with no problems see announcements lights we're just reading it over ninety one dollars a barrel while branches that one hundred and eight of us. and european stocks are seeing a sell off as is of a greek default tightened after the e.u. said if will not provide any more financial a stick or is should it refuse the latest bailout deal and asian markets were also in the red with investors and wait for the meeting of the group of twenty the parties both try to work together in order to help europe contain its debt crisis financials war among the hugest the hardest hit in hong kong with the sec to see it as one of the more closely linked she grips troubles industrial and commercial bank of china lost more than one percent. and here in moscow the markets are in the red on the last trading day this week on friday the russian forces will be closed for

a public holiday they are shares in the my six are both of losing more than three percent less hours now have a look at some of the individual share moves on the mindsets mostly to blue chips are trading in the red with gazprom down almost three percent the company has. resumed oppressions and leave it to go with the telly and any last nickel is also low in the company has managed to acquire old one hundred twenty million shares from the market and it's by about it is about sixty three percent of its charter capital herefore is losing almost four percent the company has reported and eleven cents to climb is that profit for the first quarter compared to the previous one but that's under russian accounting standards in math from very capital so as investors are waiting for new fruitful for news from europe following on from the fed's decision last night i think all eyes will now turn to to the e.c.b. this is the the first day of the first time where the new head of the e.c.b. will be communicating with the with the market. there is hope. he will

cut right sort of signal that he will be different from his from his predecessor and not quite so much about inflation i think if that comes through is going to be good for risk assets everywhere and in particular russia. over here in the other business not dates unless the last time here on alt. so. if. you.

feel. limited. to. just some. period.