let's get the details on this from r.t.s. peter oliver. peter tell us what's behind this sudden decision. it's been a very busy week for vladimir putin on monday how does inauguration as president on tuesday the election of a new prime minister and dmitri medvedev and on waiting state we saw the and you'll victory day parade here in moscow so president putin contacted a bear barack obama by telephone explaining that he was he was needed in moscow in order to finalize key cabinet positions known dmitri medvedev will go to the g eight and the role of prime minister representing russia and vladimir putin and barack obama will meet at the g twenty in mexico next month now at the white house issued a statement saying that they perfectly understood president putin's position if they welcomed prime minister medvedev to camp david. let me putin is not always

being the biggest fan of the g eight referring to it is somewhat outdated in preferring the g twenty summit. saying that the g. twenty contained more of the mooching economies that were more important to the world nations like brazil china india countries russia deals with quite extensively when it comes to trade know that to me a putin has said that he is committed to continuing the restart of relations between russia and the united states that was begun under the presidency of dimitri made to get it however while campaigning for the president mr putin was quite critical of u.s. foreign policy particularly concerning the way the u.s. acted towards iran also the u.s. is intentions toward syria and also concerning the proposed american untie missile defense shield in eastern europe. in fact one of the first orders that was

signed by vladimir putin upon taking the oath of office concerned a.m.d. that missile defense shield saying that he wanted written confirmation legal confirmation from the united states that any missiles placed in sites in eastern europe wouldn't be targeting russia well the issue of the missile defense shield is being a very sensitive one that's rumbled on the quite a few years now as my colleague alexy got to shift the reports. scared distrustful and even hostile these are only some of the labels small school has received in the west for expressing concerns over washington's controversial european anti-missile shield plans the u.s. wants to do you support for this missile defense system the russians on the other hand are very mistrustful of the u.s. global agenda and want to use this issue to just show up to us you know why and.

we should respond. to make russia's position clear the defense ministry organized a special conference in moscow visualizing its warriors in a graphic clip experts say that by the year twenty twenty when the final phase of the shield will be ready nato bases in europe will be able to shoot down russian intercontinental missiles this moscow says violates the principles of nuclear containment and would dramatically shift the balance of global power used that it would have no objections to the will of the us to strengthen security in europe but it cannot be done at the expense of our security security cannot be divided and that's one of the principles of the start treaty signed between moscow and washington the u.s. delegation again played down talks of a possible threat to russia now do you understand. that this area. would be traced you said it would be very.

strong. but words do not match actions according to moscow with washington unwilling to rubber stamp those promises in a legal document until it does russia defense ministry says it will continue to grow military potential on its borders ready to act against america's a.m.d. ambitions even preemptively sujoy them is the reason taking into account the destabilizing nature of the missile defense system and in particular creating an illusion on punishable strike the decision about a preemptive use of force will be made in a period of heightened tension the deployment of new offensive arms in southern and northwestern russia including its kind missiles in the callinan grab region provides for the destruction of the european missile defense infrastructure. as the this scenario is clearly seen as

a last resort however moscow is standing strong in its position sending the ball firmly into washington scored. just two weeks before the. is expected to officially launch. and while nobody has. changed. something. for the boss several years. to mars now the rescue teams have not have been able to reach the wreckage of a russian next generation airliner that went down a wednesday but they aren't expecting to find any survivors at the crash site in mountains. the latest tell us how they're covering the operation going on at this point. well it's been very difficult this plane actually crashed in a very mountainous region about thirty miles outside of jakarta where there was

a dormant volcano so as of right now there have been conflicting reports but the latest that we're hearing is that the search authorities have not actually made it to the scene of where the plane actually crashed helicopters were able to identify the airplane early this morning they had to stop their search of the plane last night because of fog and visibility problems and the fact that it was raining so as of right now on the search the search teams are still on their way trying to get there and there were forty five people on the plane we're hearing on and authorities are saying that there are no sign of any survivors and we do have pictures of the site and also many of the family members of the indonesian passengers on the plane had gathered in the awaiting word from the search authorities about what had happened and they're actually hearing the news now the latest that the plane actually did crash and so obviously on there is

a lot of mourning going on today in jakarta at the plane. actually was doing one of two demonstrations that had already done one yesterday which had been successful in about twenty minutes into the thirty minute demonstration the plane lost contact with the rate with the radars and the aviation authorities got signals from the plane that it wanted to land it began descending and that's why it was not able to be reached again on this was part of a massive air show the russian sukhoi superjet one hundred had already visited kazakhstan pockets and me on mar there were many airline executives on the airplane and journalists who were there to task the jets performance indonesia actually just did a three hundred eighty million dollars deal last august to buy a bunch of these russian. jet one hundred s. so obviously those was meant to be sort of showing off a new technology

a brand new airplane and things went terribly terribly wrong you are saying. now what's what does this tragedy for the. well that's an excellent question it's too early to say really but you know many people are starting to wonder there were you know a lot of potential buyers a lot of potential customers there you know this plane was actually the first russian commercial plane built after the soviet union in two thousand and seven and it was first tested in two thousand and eight the first commercial flight of this model was just last year in two thousand and eleven nothing like this is our happy and a lot of pilots that we've spoken with instead of this is a very treacherous area to fly on yesterday there were a lot of bad weather conditions as far as rain fog and visibility so

a lot of the pilots that we've spoken to have said that this is most likely human error. hard to say how this is going to affect the business transactions on there are already one hundred seventy orders in place around the world for this airplane a dozen have been built in a dozen are already under construction as well but right now most of the people here in jakarta are focusing on the human lives that were lost day and the tragedy surrounding this whole incident. all right thanks very much indeed for bringing us the latest from jakarta our correspondent. of course. monitoring the situation there and will bring you the latest as we gather what you watching our team coming to life from moscow still ahead for you this hour. the financial crisis and budget cuts in the u.s. for people to leave their homes and even seek legal solutions help find out more in just a few minutes. now two largest logins have shaken damascus dozens

are said to be dead and wounded these blasts are the latest in a spate of violence in syria despite the apparent ceasefire we now get the latest from our correspondent in syria say or so sara the blaster and the other blow to the u.n. backed peace plan so what are the details can you tell us more. well this explosion happened around. the damascus we actually from the sense that the math just felt the loss from our hotel a lot of people in the stands realize that something had happened now this is in the. area of damascus is slightly outside of damascus on the road to the airport and it's a lot of civilian areas you've got the schools that are nearby in the area it's a very central road that he's between damascus and that airport a university nearby as well and the number at the moment of people killed and injured with reports is around two hundred people in total twenty five of. the

mates have been killed in this bill we've heard a lot of people who are in a critical condition being taken to the hospitals now this is two car bombs that exploded one coming a couple of minutes after the other explosion at the un observers who of course here in the country trying to see the limitation of the peace plan they've gone to the scene this morning the head of that mission. general robert needs made a statement that he said that what these people are doing is not helpful he was very sorry to the families and that the people who are doing this should stop and find another solution without killing civilian people here in syria so. of course there's a lot of people who are going to have been affected by this today as we said the preliminary report still coming in about the number of people who've been injured amongst them is still there are some security and soldiers but it is still that a large number of these people are civilian people of course extremely concerning

this comes on the back of the explosion we saw yesterday near the u.n. observer mission at a checkpoint so really you're seeing this sort of rise in these types of attacks certainly in the central area and coming at a time when the u.n. missions here trying to implement this peace plan the cease fire and get some stability on the ground. well indeed as you were saying these bomb attacks surely pose a threat not only to the civilian population there but also to the entire observer mission given the timing of the attacks downing. yeah absolutely i mean it's been it's been interesting following the u.n. observers around and seeing how they're operating and by and large that they felt they've been welcomed by both sides that i mean we've really got to make a distinction here in the situation in syria right now is with the opposition it's very important because sometimes the sort of lumped into this one group and it's certainly not how it's working at the moment you've got an opposition inside the

country the national poor the nation council who are very much behind the u.n. peace plan and they're very supportive of that outside of the country and the opposition rhetoric is slightly different and we saw yesterday the syrian national council releasing a statement accusing the regime of being behind this attack and of course there is in his set released a statement saying again that this is the work of terrorist groups operating within the country it's very. very hard to cut through these claims and counterclaims that we've seen right from the beginning of this conflict and it really muddies the waters from both sides you get this very strong blame game gayssot it is hard to know what's happening though we do know from being here on the ground with the of services that when we're talking about the opposition that are at the moment and it's widely acknowledged there are criminal gangs operating in the country there are foreign nationals who have come in who are fighting in this country we know that some of the armed opposition groups are being funded as well from the outside

and indeed some of the gold states get made very very clear that they're behind funding the armed opposition and getting on the armed opposition is not the important thing to take into account the extent of how much these groups are operating and that's what's really unknown at the moment and that's what the u.n. observers are going to be looking at very closely when they travel around the country because really this is a big dilemma for the syrian people is that you know it comes back final responsibility to what many people say is the actions of the regime that have caused the situation in the country that has now left the door wide open for this involvement and interference for in many different sides that could have a serious effect to stability in the region and of course the big concern now is with this u.n. mission i think these these examples of these explosions the violence the type of violence that the syrian people are experiencing at the moment really serves to highlight just how vital it is that this u.n. mission is supported this still only seventy of services they still have to get the

total number in the country needs to be supported is the best many people think the last chance for syria so you have a chance at a cease fire to have a chance at stability before you see the country descending into our by civil war which we're already seeing in some parts of the country all right sara thanks very much indeed for keeping us up to speed with what's happening in damascus that was syria for us reporting on the two large explosions that changed. so the kids here in capital damascus. now all the towns to form a coalition have so far failed in greece as far left leader alexis to press rejected proposals by the probate parties this comes after sunday's parliamentary elections in which no party managed to secure an overall majority without a deal greece will be forced to hold a new election in june german chancellor angela merkel said any new greek government must stick to this therapy plan while also stressing that cuts and structural reforms are the only way out of the crisis get on the experts warn her

demands on athens are unrealistic. he says. he's speaking as if. the implementation of the fiscal adjustment program that these agreed to between a good government and the european union. is a matter of will that if greece wanted to implement it then he would be able to do to do it. this is a very profound or greece cannot implement this plan because this plan cannot be implemented by anyone it flies in the face of economic activity. if greece doesn't try to implement it as it has been doing over the last year and a half or so all that will happen is that the day is going to get worse that he session is going to deepen and is often gone and he's going to enter more into its current coma so what mrs merkel is asking the greeks to do is mission impossible.

the violence in syria and iran nuclear program will dominate talks as russia's foreign minister of business china the two countries generally see eye to eye when it comes to global matters from peking university says it makes sense for both sides to work so closely together. every major global power really benefits from this little stability both countries but entire world stands to benefit from a peaceful resolution to the crises in syria and what's happening right now between israel and riyadh so both countries benefits from each other i would say if you were to say it's more than what was said but it's certainly china because you could argue that russia the russian economy is self-sufficient where china very much is it it's economic growth it's very much dependent on global stability and global economic growth you could argue that after the fall of the berlin wall the united

states start to retain. just proportionate and really under reasonable and ultimately unsustainable amount of wealth in the tower and now what we're seeing basically is that we don't see where russia china and the brics countries will be rising in influence and i think that's the way it ought to be for too long we've been a huge you know polar world and that has created a lot of issues and we're still in moving towards a more to a world which i think is all to me more reasonable and more sustainable. and you can go deeper into our stories at our tea dot com selling line and find out how ukraine's jailed expert here is no longer on hunger strike has been moved from prison to spittle after ending her nineteen day protest after claims of abuse from prison guards. and thousands of troops and press of military hardware and helicopters russia honored its veterans celebrating sixty seven years of victory over the nazis in a world war two with a spectacular parade on red square to watch the action on our you tube channel.

so take a look at some of the stories from around the world football fans clashed with police and the spanish capital overnight thousands sported to the streets celebrating athletico madrid to victory and if you were obsolete file violence erupted when a small group of fans started throwing bottles and stones at police tried to push the crowd back. several people were arrested after the confrontation. believin riot police have fired tear gas at anti-government demonstrators and apos clashes broke out and sauza as workers protested over pay and work conditions the laborers were joined by union members united in their opposition to the president it was a very different scene in the city of karbala where people gathered to show their support and solidarity with the government. rock obama has become the first american president to back same sex marriage as a gay couples should be able to wed legally thus ending months of dodging

a direct answer about his position a bomb also mentioned it's important to him that all american troops are able to commit to marriage their mark follows a vote on a constitutional amendment in north carolina that makes it the twenty eight states to prohibit same sex marriage. now more than two point five million homes in the united states have been repossessed by banks since the financial crisis struck the country anger over the cripple economy is deepening as people struggle to find work pay their bills and keep hold of their houses and that's forcing increasing numbers to turn to lease a ways out i just want to caution of i has the story. dozens of police and swat teams sworn in on the small central california town not what you'd expect for what was supposed to be a routine for closure but at this point we believe the suspect is barricaded inside of the apartment complex we don't know anything about him we don't know what the motive is behind this shooting all we know is that we have two people dead

apparently forty five year all jim richard ferrero had his motives he was losing his condominium because of her fifteen thousand dollars home and with the loan he could no longer afford to pay the condo was salted an option for a knock down price and ferrero was handed an affection notice it proved to be the last straw for the former security guard who barricaded himself inside his home and refused to walk out alive and worryingly such an extreme act hasn't been an isolated incident in this area public safety as a whole has been affected by the economy just like everybody else live there isn't anybody in the community that hasn't been affected by this economy last year the town's foreclosure rate was the third highest in the country with a one in after a nine thousand properties reposed by the banks the entire region is ravaged by unemployment and budget cuts and it's a story being repeated nationwide with a quickly bloody consequences in phoenix

a man opened fire on police when he refused to leave his house in ohio an old married couple killed themselves when the faced with a vexation while in florida and then was gunned down by police after he said his recently for close town house on fire these doubts by foreclosure killings have been going on quietly around the country average since the financial crisis threaten to pull the rock from those only surviving on credit i think people get desperate and they don't see. the light at the end of the tunnel that you know it's ok if i lose my home and i move somewhere that i can afford and i can rent and i just think we really get attached. and are very reluctant to give it up and i think it brings on. desperation. was no sign of a new recovery in california's economy and stubborn unemployment it means the body

count looks to only grow in the months ahead x. prayed for because the huge church and home foreclosures this year while the threat of a shadowy infantry of soon to be foreclosed homes continues to hound housing markets there is a question how many more depressed people forced from their own homes and with nowhere else to go are pushed to the very edge determined to do anything it takes to stand by their property till the bitter end. archie reporting from california. and us press over to the business ask where natasha is waiting with all the latest business news so was driving the markets this hour well maybe now all eyes are on europe has been in the spotlight for quite a while but especially after over the past we both greece and france voted against candidate the candidates that supported austerity measures that really raises a lot of questions about the prospects of europe's economic recovery let's check out european equity markets to see how they're doing and as you can see both the

foot sandy sasso managing to hold on to their gains apparently many traders see wednesday's major losses as a buying opportunity but of course some of the fundamental issues remain namely greece really worried investors after all attempts to form a coalition government have failed there are concerns that it might drop out of the euro zone in the near future on wednesday the euro zone rescue fund to said it will transfer four point two billion euro to greece on thursday as part of its rescue package but that's one billion euro less than planned the european financial stability facility explain that decision by saying the remaining one billion is not needed before june and it will be distributed depending on the financial needs of greece. and staying with the eurozone spain has decided to partly nationalize it's forced a largest lender kiya to clean up its financial sector the deal will give the state

a forty five percent in direct stake in the struggling bank which has more than thirty eight billion euro over exposure to troubled loans the government is expected to lend or to give bunky up to ten billion euro industry aid but analysts say that's not going to be enough and of course that brings us to the currency markets and that the moment the euro is gaining against the dollar but as a general trend of course all cautious investors really pile onto the dollar which means the euro is trading near a three month old low and the russian ruble is retreating against the major currencies including the dollar and the euro and oil was trading all lower most of the day on thursday but at the moment a brand has bounced back into block and it's actually staying in the positive turn tory while there is still shedding value and as always is one of the major factors

for the russian equity market so let's see how those are doing the russian markets are mixed as you can see the mind sets is actually staying in the block again around a quarter percent while the r.t.s. is less than half a percent in the of the read about after russia's central bank decided to keep the refinancing great unchanged and some of the biggest movers on why six including the financials about so russia's the largest lender is bear bank it's actually gaining after it's reported a fourteen percent increase in first quarter net profit but that's going into the brush and accounting standards and energy majors are also gaining value despite makes or oil and a loop oil is one of the biggest gainers there and the crash of these two. boy the super jet one hundred m. ended nisha has put into doubt russia's ambitious plans to join the global

aircraft in the stream of though the newest plane if it was biggest project in two decades with total spending topping one billion dollars the producers of the jet initially aim to sell eight hundred units by twenty twenty nine and that would take fifteen percent of the global regional jet market they still hope the incident will not affect the sales but analysts say potential clients will certainly wait for the results of an investigation the soup oyster project one hundred this currently used by our army is air carrier arm avia as well as russia's air flow both companies are now goulding out a grounding of their fleets that's all the latest from the business desk money and i'll be back in about fifteen minutes i'll see them all right and this is thanks very much andy for this and coming out here on our team as debt problems threaten to swallow europe we ask an american icon an economic pundit if there is a way out that's after the headlines stay with us.

welcome back you're watching r.t. live from moscow these are the top stories russia's president vladimir putin forms is us parties pulling out of the g. eight summit in the state of maryland next week comes just days after wouldn't return to the top job instead he'll be sending prime minister dmitry medvedev. ford saying rescue teams are looking for bodies of the victims and trying to reach the crash site of a russian next generation airliner in indonesia. and two strong explosions rocked damascus with dozens reported dead and injured the capital has recently been scrubbed by a number of blasts mainly targeted at military installations the u.n. warns the spate of violence could put its observer mission in jeopardy. while those we talk to the winner of the nobel prize for economics joseph arrow who tells our t.v. .