jordi seemed to improve their political standing in the sunni ruled nation tens of thousands also marched on the capital manama this past friday continuing to defy upin on a ban on public gatherings bahraini authorities have been violently enforcing their rally banned jailing several key human rights activists in the process hussain abdullah from americans for democracy and human rights in bahrain says the situation in the gulf state won't change as long as the government which itself abuses human rights feels it's backed by the west only in bahrain when you protest peacefully you're arrested and you are tortured and your rights are taken away from you the king came up with a law that basically banned any kind of peaceful protest that's in itself is a violation of international law so the violence is coming from one side and that is the side of the government. the government is the one has the and the government the one has. the prison the torture. the the extrajudicial

killings that is a clear double clear double standard when it comes to u.s. foreign policy in the region especially rain and syria where violations are committed and daily basis we hear no condemn nation from the united states. russian president vladimir putin's announced a crackdown on corruption in the country saying no official or politician will be able to rest easily putin focused on problems at home as he spoke to lawmakers for the first time since returning to the top job artie's alexia share of ski listened in. several years ago when former president medvedev addressed russia's lawmakers this signaled major constitutional changes for the country with the presidential term being extended to six years this time when president putin delivered his first annual address after returning to the kremlin for the third time it ran no major sensations nor political changes but at the same time this speech was even more

significant as some have already said that many others before this time put in barely spoke about any foreign policy issues the main focus was on domestic problems in russia and there have been plenty according to russia's president in fact he started his speech by saying it is now or never as the world is going through a crisis russia must stand up to all these challenges and the first and the most correct way to do that is to invest in two youths not rich it is the whites that cleon as of today the percentage of healthy active able bodied people in russia aged between twenty to forty is one of the highest in the world in twenty years time this economically active population could shrink by fifty percent unless we do something this trend could continue either we provide interesting jobs give opportunities to create business build families raise children be happy or in just

a few decades russia will become a poor country populated by an elderly generation incapable of preserving its own territory. but the biggest issue dragging russia backwards for the past several decades has been the corruption among the higher echelons of power and that is why the largest chunk of putin speech was dedicated to this problem and the president came up with some very tough rhetoric and heard in all twelve years putin has been in politics in russia no wonder it seemed at times that putin was not addressing the whole russia and not for the whole world to see but he directed a stern warning to those. sitting in front of him david in order that we could you know when you can how can people trust an official report issued who talks a lot about the good of russia but at the same time trying to take his money out of the country i ask you to support the bill to limit the amount of foreign accounts and staunch that officials and politicians can have. if the people.

of the don't applaud yet maybe you would like everything i have to say but even put in we'll be holding an annual press conference for the world media and the eyes of the entire planet will again be on the russian president let's see russia. reporting from inside the kremlin turning now to some other stories making headlines across the globe and attack on a police station in the eastern libyan city of benghazi has claimed the lives of four officers and injured three more the assailants killed one policeman by firing a rocket propelled grenade at the compound then shot dead and wounded the others in the ensuing battle the raid is believed to be linked to the recent attention of two men suspected of carrying out several assassinations of security officials in the city. powerful cycling has reached the coast of northern fiji several bridges and roads have been washed out with a few regions also losing power authorities say about thirty five hundred people

have already been evacuated the cycle own earlier tore through the nation of samoa claiming at least four lives and forcing thousands from their homes. alleys thirteen people have been killed fifty seven injured after several explosions rocked the northern iraqi city of kirkuk no one has claimed responsibility yet for the attack blast came only a few hours after a car bomb hit the office of the patriotic union of kurdistan party in the north of iraq e capital killing two security workers and wounding thirteen tension in the region has been escalating of late with kurds increasing their demands for sovereignty. and he government activists in moscow marked the first anniversary of their movement saturday with a rally that drew around seven hundred people officials said up to forty demonstrators were detained during the un authorized event including opposition leaders sergei solvent alexei of all me r t was there some one hundred people

gathered in central moscow on saturday to mark one the years since the start of a government brought just did not sanction any around these in this part of town saying that usually there's heavy traffic here and the larger crowds could cause some additional problems they did we're going to go see sions with the opposition proposing other routes but feel to reach an agreement some detentions are going on the several leaders of the opposition are also detained. and. the claim that the word lawfully since they say that all these people who gathered here are not taking part in any rally we just went outside to take a walk but all in all. somebody is over no comparison really to what we saw a year ago last december when tens of thousands of people gathered for protests rallies well here i said we're just talking about a few hundred people. leaders of the european union have accepted the nobel

peace prize on behalf of the bloc despite widespread opposition to the move the union was recognized for its efforts in promoting peace on the continent but people in oslo protested on the streets while several nobel laureates demanded the be stripped of the prize artie's peter all over explain shows what the people say they're on happy with. from our four little children. will one day live in a nation where they will not be judged by but about him but by the content of back character. the one it can be probably would have become a laureate if the home be assassinated however the nobel peace prize is only awarded to a living person but this is when a test such trying terror especially when it comes to finances the announcement the european union was to pick up the twenty twelve gongs sparked heated debate the award was being discredited particularly after the outrage at who is picked it up

recently see what's the e.u. done over the last twelve months to come vince the nobel committee it's with the of such a prestigious award. it supported regime change in foreign countries and several member states indulged in violent crackdowns on demonstrators outraged by the failure of the government's. skeptics and nuff think it devalues the whole concept of the nobel peace prize what's really happening is that the european union is having its worst year ever at its mates and the international community coming to it's a brit to have been awarded of the announcement to be made in the very week that i went to athens and was greeted not just by tens of thousands of protesters but people dressed up in swastikas and giving it the salutes frankly i grew up in a europe that was divided from east to west and i'm now living in a europe that is divided from north to south and never at any point in the history

of this union has there been more discord of rancor that we've currently got among more moderate voices there are concerns the peace prize is being used as a political football i think this award basically does a lot to kind of discredit past people who've won this prize. i mean it demonstrates a sort of heavy politicization of the use of this award now it's been suggested that this year's winner of the peace prize picked it up more for not having done something as opposed to having food the peace around the globe it seems like they got the prize more because there hasn't been any war in europe for many decades rather than having done anything specific i think as long as civic institutions like the nobel prize continue to lose their legitimacy in their spirit through political favoritism and these prizes are always political but such blatant and obvious political favoritism and maneuvering i think it actually takes something

away and i think it's actually damaging that leaves the whole institution of the prize facing the question whether the nobility is being drained from the nobel peace r.t. . if you minutes we speak with the u.k. minister for trade and investment lord green about the future of cross sector cooperation between e.u. members stay with us. right. from the studio. start on t.v. dot com. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something

else and you hear or see some other part of it and realize that everything is ok. i'm tom harvey welcome to the big picture. please.

please please. please technology innovation hall the least developed around russia we've. covered. on the edge of human capability. struggling with pain and dream to. lay out to become the first. force fall in the.

sea. from fears to tears europe is in the midst of

a depression officially the latest data shows that the seventeen member eurozone will end the year in a recession its second since two thousand and eight the second and third quarter g.d.p. was below the line and the massive social unrest that swept across europe in recent months underscores the point europe needs a seaview and leading economists say it could be britain goldman sachs estimates that it will be europe's biggest economy within four decades with one of the world's wealthiest populations the health of the so-called single market already largely depends on the u.k. and vice versa but at the moment britain itself is feeling the pinch of the downturn at home we live with a decade of debt and the failure to great britain to compete in the modern world while britain is actually not a member of the eurozone it should try and play an increasingly important economic role in the world's most integrated market of five hundred million people that's

according to lord green the u.k. minister for trade and investment britain is in the process of rebalancing its economy one of the things we learned from the financial economic crisis was that we have been growing too much on the basis of consumer demand filled by debt and now our task is to encourage more and more companies to get into the international markets in other words to find a growth formula that's based more on trade and stronger investment what price is the u.k. paying for what some call to close of a relationship with the rest of the european union i don't think we pay a price for that actually i think the benefits of the single market are very considerable it's very important for us to recognise that the single market is a market of five hundred million people it's a relatively prosperous market it's the world's most integrated market and a great deal has already been achieved which enables companies to trade seamlessly across borders but it's not perfect yet and indeed one of the key preoccupations. the british government will be to press for full implementation of the single market in the coming years what are the downsides are they when they there must be

some downsides as well we don't think there are any downsides of single market because we do believe in open trade we believe that. the more the market is genuinely borderless the more companies can trade across different markets access different pools of demand and we believe that's beneficial to the economy we believe that that would unlock significant growth within the european union these so-called euro skeptics they would of course argue that. the brussels strips the e.u. countries not only of their economic independence but also their political sovereignty what's your what's your take on that well i think it is a very very intense debate of course now because of the moment we just had the the the summit on the budget but actually the from my point of view this is looking at trade and investment and what creates jobs we need to focus on the five european union is a large single market five hundred million people it is the biggest one in the world and the opportunities within it are enormous which is why i encourage british

companies to look at the opportunities there it's why us trade minister spend time in brussels arguing for fuller implementation of the single market as also by the way for free trade agreements around the world with european union part the markets can the u.k. opt out of the european union are politically while staying very closely integrated economically it's not part of this government policy it walked out of the european union we're not a member of the european of the euro zone that's clear and we believe we have good and sound reasons for not being a member of the euro zone we are of course affected by what happens in the euro zone because something like forty five our export over forty five percent of our exports go to the euro zone but the european union as a whole is a large single market and we believe there are many benefits from it and yet david cameron is rejecting the so-called e.u. fiscal pact what's going to be the consequence. that rejection how do you see that developing the physical part has to do with the euro zone and we're not a member of the euro zone and i do not intend to become

a member of the euro zone so i think it's important to distinguish between what needs to be done by the eurozone members to stabilize the euro zone and find its way through some of its difficulties and the wider objectives of the european union as a whole which focus very strongly from an economic point of view on the single market and what do you think needs to be done by the e.u. members to to tackle the issues that they're dealing with now in the top of the single market or about the reserve it is very important distinguish between listed i am talking about the eurozone and the problems that that is currently facing throughout the euro zone and this is the euro zone is seventeen member countries and we would believe that it is important to increase the degree of fiscal coordination to move towards banking union and to generally stabilize the markets within the euro zone but we're not a member of it and it is for the eurozone members to address the problems we are clearly interested in the should happen because as i say we are part of

a trading block which includes the euro zone forty five percent of our exports go to the euro zone but in your opinion is the exit of so my eurozone members and habitable at this point know so you know so you don't believe that greece is going to leave the euro zone in the near future but no i don't i think the years i will find its way through to a stable resolution in which the financial system is robust which only which growth will slowly build up but this does require addressing some particular issues about competitively of different markets and how do you think that should be addressed i think it will be a matter of slow. adjustment of a number of different economic regions and it's important that those issues are addressed so what do you think would be the specific solution how do you think that should be tackled specifically with greece you know the issue that's on everyone's agenda right now. do you think is the best solution in that particular case and does seem like somebody would have to take the loss who do you think it should be

clearly the very significant problems in the greek economy and a lot of progress has been made there are a number of adjustments that have to be made i think it's also worth remembering greece is pretty small part of the total european in terms of its economic significance. but it's important actually whether it's greece or any other country that the that the market is internationally competitive one of the most important things to your people you need to be doing is constantly benchmarking its competitiveness against the wider world because we live in a globalizing. market where you can't as it were opt out of looking out whether you are competitive or not on a global scene where you're seeing the rise of faster growing markets including russia which is why i'm here because the opportunities for british businesses i mentioned the forty five percent of exports at the moment to go to the euro zone we need to diversify that in the years to come not least because the fast growth is going to be outside of the european union in places like russia as well as india

china brazil indonesia and so on so how do you see your relationship with russia developing well are extremely encouraged by the way in which the trade and investment relationship with russia is developing we've seen british exports grow rather rapidly both in twenty eleven and continued into this year twenty twelve i think there's more to come one of my reasons for being here is that i brought with me a delegation of british businesses and these are medium sized businesses they're not a large household names and they're not very small businesses they're medium sized businesses who are in the context of the british economy economy create so much of the growth the employment and are so central to the sustainable growth strategy and it's important that we encourage them to be looking at opportunities in international markets and i believe russia is a very exciting prospect for all it does seem some life some of the russian businessman are already looking at some opportunities in the u.k. . and in particular of course a lot of the russian you know the super rich the so-called tycoons they're taking

advantage of the british court system as we know too oftentimes to their benefit they seem to be resolving their disputes and just recently the london mayor boris johnson fact encouraged these russian oligarchs to come to london to resolve their legal matters what's your take on the whole i believe that russian investment interest in britain is growing i think it's good that it's growing from the point of the british economy we welcome foreign direct investment from whatever source and it's clearly the case that the been a number of russian investments made in the london real estate market football clubs of course famously i'd like to see more russian investment in other sectors of the economy too and what do you think about british direct investment in russia how do you see about drawing well i would like to see that grow now britain is already a very significant investor in russia we import the third largest foreign director of the investor in russia much of that has to do with oil and gas sector i'd like

to see that brought them out again part of the reason for having businesses with me on this visit is to encourage them to look at the opportunities just the presentation for example skulk about where i think there are potential areas of interest a whole number of british companies and also educational institutions or speaking of the oil and gas sector there's been a lot of talk about b.p. potentially teaming up with gazprom to build a pipeline from russia to the u.k. to deliver russian gals that would be a very significant deal in the oil and gas are trying here is pretty which is a commercial. discussion between b.p. and gazprom from the point of a bridge energy policy what we care about is diversity of sources of energy generation and we're paying a lot of attention to renewables energy a lot of tension to nuclear power to gas we want to make sure the sources of so. why are good and diversified because of what we think that's what makes sense for

the long term interests of the british economy i know you have a lot of experience in banking one of the issues that we hear more and more about is the fact that it's the banking sector that's to blame or partially to blame for the current state of the of the global economy and in fact some of the people say that it's the lack of regulations that's really to blame what do you have to say to about what i think the banking sector was partly to blame for for for the financial economic crisis. the very complex background to it was no doubt the banking activity trading activity played a significant part of the long welcome part in the way in which the excesses were generated and i do think there are many lessons to be learned one of which is about regulation there was probably too little regulation since over the last four years regulatory hansoms to be very significant was much more attention paid to the amount of capital banks have to hold the amount of liquidity that they have to hold

in the case of britain we have segregated or in the process of segregating retail banking activity from investment banking activity because we believe that leads to a more robust system is very important we learn the lessons it is of course also important to know that no economy in the world can do without profitable robust banks providing credit to the real economy here just recently i spoke to a famous rogue trader who brought brought down the bearings in the ninety's and he said that actually the regulators are just as bad now as they were twenty years ago for example what you have to say to that and i don't agree with that at all thank you very much sir thanks for your time thank you.

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