three. three. three. three. three bolts video for your media project free media r.t. dot com. while russia's lawmakers are ring seats in a reshuffle an opposition march in reaction to sunday's parliamentary vote gets a police response on a train left its authorized venue paralyzed downtown moscow. the final leg on the road to ruin the entire year resigns credit ratings are on the blog because leaders make a beeline to brussels for a last ditch attempt to salvage the currency. cutting back ties with guitar rationalised songs all resemble he's beaten by security forces internal hard apparently all to kremlin criticism of its u.s.

backed starts on the arab spring revolution. a very warm welcome to you this is our see it live from moscow with me alice have it now with the final results of russia's parliamentary election still do you the overall picture of a brand new board of rule makers is already clear united russia party has secured the lead but the ruling group is seeing a significant drop in popularity that they're going to job that report. with almost one hundred percent of the votes counted the party has garnered just under fifty percent of the vote the communists came in second but third place by russia with liberal democrats on the fold police the three other parties failed to get the required percent of the votes needed to get seats in the duma now those not yet

final but the results indicate that the party which has crushingly dominated the country's politics for years now is on track to lose its two thirds majority in the duma for comparison in the two thousand and seven elections united russia got sixty four percent of the vote and now it failed to get the constitutional majority and also it didn't get that all important fifty percent mark which is of the so-called psychological barrier to say the top of the country is on the side with you that means that the ruling party will come to learn to find compromises with the political forces in the country and maybe pull my polish and with that and not the policy or even qualities that united russia still bra's have already said that they're willing to form polish and in this do it all on monday evening in mosco several thousand protesters took to the streets and beyond to their frustration with the duma vote police say that between seven hundred to two thousand people

took part in the rally and on like the rightness of this kind it was sanctioned by the authorities protesters chanted we need new lack shows russia without revolution shame police did not interfere in the rally but when hundreds of protesters want along with the rally throughout the city out attempted to disrupt traffic they faced police cordons it resulted in hundreds of arrests a similar situation was and sent bit as well many of those protesting rallied in favor of that opposition party while others oppose the election as a whole. also in mosco on monday that was pro-u. not to rush a rally organized by the party's supporters and that really want along smoothly without incidents all meanwhile several international observers who watched the election process claimed that there had been violations of faxing the funniest of

the vote while others say that those violations were insignificant and that the vote in general was transparent and objective a presentation inventive said that any accusations of electoral fraud would be investigated by russian law enforcement and but those found guilty of any encroachments would be prosecuted to the fullest extent. coming up later this hour all these business leaders in explores what effect the new duma may have all russia's economy. that's right now as the privatization of state owned companies is likely to be on the new parliament's agenda find out why being a minority shareholder in these companies really pays in about twenty minutes. and also helping you keep track with this problem it doesn't follow that your lectures at all website all to a dog kong where you can find all the data and facts and figures on the analysis.

if. you believe. the year time is almost up so says one of the big three credit rating agencies as it prepares for a massive debt downgrade sounded on poles that announcement shook international markets with investors cutting and running on. european holdings especially warning for them this time isn't even germany's seen is the backbone isn't being spared the agency justified its decision by pointing out the blocks consisted of failure to stem its debts even as nations bond interest rates. or is not yet lost with

leaders gathering in brussels on thursday it was expected to be their last chance to come up with a definitive solution audi's tests are similar houses. the years of crisis has been good fodder for cartoonists but it's no laughing matter for measure rescue packages numerous and popular sturdy measures two years and hundreds of billions of euros in bailouts later it's still in need of a shot for that elusive big bazooka solution hopes are high that december ninth e.u. summit will finally be a decisive day for the future german chancellor angela merkel is pushing for a treaty change with a fiscal union as the end goal she wants brussels to have veto powers over national budget plans that breach e.u. limits automatic sanctions for debt violators a day of court for repeat offenders. in a word merkel wants to impose discipline french president nicolas sarkozy is generally on the same page but is resisting giving more powers to brussels whoever

pays the piper gets to call the june germany price we've all of you in the euro zone want to keep the single card safe you must be prepared for that you must be prepared for giving up your fiscal sovereignty perhaps maybe you can even save some public money by distorting your national finance ministries but this german m.e.p. begs to differ but what is the sovereignty for germany at the moment paying billions and billions of risk there's no sovereignty we are forced to do this because the euro is with reality so basically regaining sovereignty by sharing it on the european level is what the whole operation is about. while germany may be for greater fiscal integration it's dead set against the euro bond idea for euro countries sharing debt and idea pushed by the european commission albeit renaming it stability bonds in effect italy's debt interest rates for example would go down

from its worrying six to seven percent level while germany's would go up merkel's response is a resounding. no germany won't let the deficit sinners off the hook by taking on their debt if sarkozy ever got his way he'd like the european central bank to act as a lender of last resort but again merkel said no she won't let the e.c.b. swoop in to save the day at least not until countries learn to keep their finances in check but it's widely seen that the e.c.b. will have to expand its role one way or another and it's already considering it and what of other e.u. members who don't use the euro the idea of a two tier europe or the euro zone and the rest doesn't sit well with a major economy like the u.k. . the euro is successful because a lot of outrage depends on it but on the other hand to us if there's a group a central group which are in the euro as another group which is not who makes up

the rules which control the single market it appears that any plan agreed upon will have to have germany's backing all merkel dismissed the idea of germany dominating europe as absurd although that's how it's increasingly being perceived for better or for worse tests are still you know r.t. brussels well the european reaction to the possible downgrade housman very say fall with some calling it a wake up call this claim it amounts to a political attack but sir francis lynn the managing director of brokerage holdings . these rating agencies should have downgraded the ratings of euro zone country already after two years actually more than two and a half years the s. to nowhere close to a solution what they have really have really tried to do patchwork trying to really come to market crisis we go over and they want to bet on economic growth to

solve the crisis but the problem is there is no economic growth in europe if there's no economic growth your debt becomes a real burden and this is exactly what's happening to europe if germany will have to bail out of this country stand germany's credit on credit rating was solved and of course. if you want to play hardball just let this country go to the war and then germany. and i think that way germany came maintain its aaa rating but short of a catastrophic or privatization due to changes in the constitution this duma will set in for five years rather for better heiress from business new europe thanks to extra time will help get things done. all of the problems that russia faces have to do with long term planning and you know massive amounts of reform rebuilding

restructuring investment what have you and this sense it's not like a western democracy and so given that what needs to be done is actually pretty obvious i mean you need to invest in the education system you need to invest into infrastructure to power to red's transport you know all these things it's very obvious what needs to be done and so in that sense having a government that's in power a little bit longer which can concentrate in the job in hands is probably a positive thing. when the new parliament now formed many in russia waiting for the privatisation programme to get back on track our from there on a capital says the government has done a good job so far encouraging investors to inject cash into state owned companies. the government for several years has been making an effort to improve transparency and to improve governance soon companies but now you're actually seeing the fruits of that effort so last last week when goes from announced its students were higher than expected you know almost two hundred billion rubles goes from as dividend

yield of almost five percent. on the time chevron and so that's an opening in petrograd successor so the government is actually taking you know very dramatic steps to pay you to be a minority shareholder and then you see increasing transparency in dividend payouts from a host of other student companies so you know the general story is that the government's efforts to improve corporate governance among student companies are now rewarding you substantially as a minority shareholder so that's you know that we keep an eye on. let's now take a look at the markets crude is lower as the euro retreats against the dollar the light sweet as currently trading at just under one hundred one dollars a barrel brant is topping one hundred nine dollars. european markets are under pressure after standard and poor's place fifteen year was an economy is on a watch list for a possible downgrade at some pieces of lower their weightings unless the e.u. leaders come up with a workable plan to solve the debt crisis at friday's summit the footsie is losing

quarter of a percent and germany the dax is down one and one tenth of a percent this hour. the russian markets are lower in sympathy with asia and europe the r.t.s. is shedding just under one and three quarters of a percent then why sex is down around half percent. and let's now have a look at some individual share moves on the my six most energy majors and down in the weaker crude with gals probably losing more than one for sound banking shares are also under pressure with d.t.b. down almost two percent bucking the trend is point of gold though as precious metal stocks are often seen. the as a see pavement times about certainty. poorly motivated staff cost russian companies more than two hundred billion dollars a year consultancy ass's management estimates that only sixty percent of russian employees willingly make an effort to achieve results so just to compare the share

of enthusiastic workers makes up eighty percent of your asses management called seventy thousand employees from around forty russian firms. bush's biggest mobile phone retailer euro set is buying one of its main rivals out telecom commerce on daily says the seventy million dollars deal would help your set five hundred twenty stores to exchange the total number of its outlets with the top five. russian insurance companies seem to be resilient against the global economic downturn research by consultants all over wyman shows most insurers expect their business to grow thirteen percent this year and up to twenty percent next year they also forecast more consolidation as a result of new capital requirements reducing the number of insurance cards from more than five hundred eighty to about two hundred within four years. the global

gambling industry is seeing robust growth pricewaterhouse coopers predicts revenues will rise from last year's one hundred eighteen billion dollars to one hundred eighty three billion by two thousand and fifteen they also expect the asia pacific region to overtake the current biggest market the united states in just two years russia though plays only a small part due to strength not just lesions. and that's all the latest from the business team for now but you can always find a lot more stories they're online for you at our. business.

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the close of team has been on the black sea coast for future developments depends on the good way. no party goes area first place too many find champions and the most ambitious people come. from has ruined the lives of many innocent families across the region. where the oldest city in russia is found clocking in more than five thousand years. to dodge a stun russia close up on r t.