tv News Al Jazeera June 29, 2015 5:00am-5:31am EDT
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at us... emmy award winning investigative series... chaising bail only on al jazeera america ♪ closed for business greek banks will be shut for a week and cash withdrawal is restricted. european markets react sharply as they open but the stock market in greece is closed. ♪ hello and welcome to al jazeera live from doha and also to come on the program polling stations open in burundi for elections but they will not be free nor fair. fair. >> the government and
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international bodies expects. >> reporter: activists demand action after israel intersects the flotilla as they try to reach the main blockade on gaza. ♪ but first we go to news coming in from egypt, attack on the convow of the state prosecutor and attacked his car behind an academy in cairo and body guards have been taken to hospital and more on that as soon as we get them. the doors remained firmly closed for greece's banks on monday and will continue that way for the next week. it has been a nervous opening for the markets with stocks falling sharply in reaction to a weekend of turmoil that saw capital controls but they will
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remain silent and they will be closed for the next week as well and barnabie phillips is in athens and sent these updates. >> it may have been necessary and inevitable to save greece's banks after the drip run after the last five months and accelerated dramatically over the weekend but they will hurt the greek economy hard and the banks will be closed at least a week and during this period they will be able to take out 60 euros on that is $80 a day with their bank cards in theory and we will have to see how that progresses. it's a political blow for a prime minister and increases the tensions on the greek streets as i have been finding out. they have come to the european union office in athens to shout their defiance, these left-wing protesters say no to a bail out, no to the imf but this crowd is
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small, a majority of greeks are simply frightened of what can happen in the coming days and the prime minister is struggling to reassure his people. >> translator: what is required over the coming days is sobriety and patience deposits are ensured and should be faced with resolved and the more cold blooded we face it we will overcome them and the milder the consequences. >> reporter: even as the prime minister spoke more greeks were rushing to the cash machines to get money out while they still could. and sophia told us she had been here four hours waiting for the machine to be restocked. >> translator: she says she never thought it would get like this. the government has to go. >> reporter: so are we really
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talking about a return to these? dracmas on sale at the athens flee market and beautiful old money but not much nostalgia and most see this as progress after the turn of the 21st century. the people are in a very difficult position, the government is telling them to vote note which are insulting terms from foreign creditors. the opposition warns it's the government that has brought greece to the edge of economic catastrophe. imagine trying to run a business in this environment. this lighting company is doing well perhaps because it exports most to europe and middle east but the man in charge tells me the uncertainty is now crippling. >> translator: if you don't have stability in business you can't open it. and the negotiations over the past five minutes where something else is going on it
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has huge uncertainty and not just to business men but to customers as well. >> reporter: athens is now humming with rumors about what will happen next euro or dracma or economic collapse or salvation, the week ahead could shape greece's destiny for decades to come. >> we don't believe there will be an extension from the imf and if we take the greek government for their word they say they don't have the money or means to repay the imf tomorrow if they don't they are in arrears to imf and it's not a technical default but it puts greece in miserable economic company i have to say the only precedence is zimbabwe way, somalia and cuba and it would be a case of greece sliding out and away from the euro zone and don't forget tomorrow is the expiring of the bailout agreement, as of wednesday morning any agreement
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with european creditors will also have expired. then we go forward to sunday and the referendum does the greek state have the logistical means to organize this crucial referendum in such a short time and will the greek people really understand what they are voting on. they will tell them this is a vote for or against austerity and if you vote no against these creditor terms i can still go back to the creditors even at this late stage with my hand strength ended with greek dim si behind me and saying do not believe it because this is a vote between the euro and the dracam and a dracma would be a disaster for this country. let's go home to frankfurt in germany, home to the central bank and dominick cane is there and dominick explain what the
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position of the ecb has been they agreed to freeze them si assistance that they have been offering to greek banks, what exactly does that mean? >> that's right effectively what they have been dealing with over resent months and weeks particularly is called ela, emergency liquid assistance and a sticking class for countries to put over an issue, over a cut perhaps to buyed them over so they have some money until they recover as it were. but clearly with such an open wound that the greek economy has effectively been for years now it has been a drop in the ocean as it were. people have said that perhaps around 80-90 billion euros have been part of ela or the elas rather or resent months and the question is if the greek economy had drawn down all the money in the 80 or 90 billion euros or
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not. if they already have that means there is no more money and you say the money was frozen. had they not maybe it would be more available but the banks closed and the stock market is shut and must suppose there was no more money and the reference to stock market brings me situation in frankfurt and when the stock exchange in frankfurt opened values dropped more than 4% the biggest opening day fall for three years we understand. they did recover a little bit but certainly there was uncertainty on the market and that uncertainty is reflected in the newspapers here perhaps the biggest newspaper in frankfurt the frankfurter takes a news look at the story greek banks closed as of now talks about capitol controls being introduced and that sort of thing and how the immediate yo portrays the story and financial analysts looking at them. >> germ germans have a huge
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stake in this and they being the biggest lenders to greece as part of the euro zone. >> well, indeed, that is exactly right. and what one important thing to bring to your attention and viewers' attention that angela merkel is meeting party leaders in the german chancellor around lunchtime and half past one german time where she will brief them on the greece issue, the greece crisis and then we understand there after she will hold a news conference with the vice chancellor of the democrats and you can recall there is a grand coalition in germany with csu and social democrats where she will talk in this news conference about the situation vis-a-vis greece and one thing to remember yes indeed the greek people will vote on the situation in the weekend coming as we have heard from barnabie
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but if there is ever to be a resolution of the debt crisis which involves more money there are those who say other parliaments have to vote on it and germany's parliament has to vote on it and ms. merkel has a large major if i as it stands but as far as that vote there is no certainty she can put majority in the parliament to give more money to greece, that is why the news conference she will be holding later this afternoon is so important to give us the sense of what she believes can be done from the german perspective. >> thank you very much and he will keep us up to speed with thinking in germany on this issue and he has already mentioned the german dacs but world market reacting to the events in greece as they begin trading in money and asia stock markets fell sharply as they shut down banks and imposed
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controls and tokyo stocks were down by nearly 3% when the market closed with the euro down by 2%. now, the u.s. territory of part rico has trouble and they say major reforms need to be made to cut its $73 billion debt. the island is facing crunch time this week because several bond payments are due and could face default. puerto rico governor will give a televised address on monday. let's go to burundi where a grenade has been thrown very close to a polling booth just hours after voting began in parliamentary elections. no one we understand is hurt but it's in a series of attacks in the lead up to this contentious poll. they had a slow start with widespread delays and small turnouts reported.
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the u.n. says it is concerned that the poll is going ahead and the african union pulled out its observers and say the election is not free nor fair. the opposition parties are now boycotting the vote. well burundi has been in turmoil since april when the ruling party nominated the current president to run for a third term in office. protests began the very next day saying a third term was against the constitution. they soon turned violent and within weeks there was a coup attempt which failed. the president ordered a massive security crack down more than 120,000 burundi people fled for neighboring countries while activists say at least 70 people have died. all right, let's go live now to the burundi capitol and correspondent and given all of these tensions here at least is
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that putting people off from turning up or are they actually coming out to vote in these hugely controversial elections? >> well, those who support the president are coming out. they are trickling i must say one by one coming to the polling stations. this is one of them which you can see it's very empty, very few people are coming in and we are told by one person it's not that they don't want to vote, they are scared of being victimized and to come to the polling stations and do not want opposition members to see they voted. it's tense in the capitol city but in rural areas there are big numbers and long lines and president expected to vote there shortly. it's a totally different contrast as the capitol with opposition strongholds and things are quite tense after attack happened in another neighborhood a few hours ago. people are concerned. some say they are afraid and a lot of tension in some parts of the capitol.
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police say this man was killed by opposition supporters who accused him of spying for the government. it's alleged they beat him and attacked him several times. >> translator: this fighting doesn't make sense. now i have my son. >> reporter: in a separate incident an opposition member was shot and killed by suspected members of the youth wing and there was tension and fear in burundi. the head of a catholic church here will not participate in monday's parliamentary election or the presidential vote in july where the president wants a third term despite a constitutional two-term limit and ask not to show the faces of people in this church, they are afraid of being attacked and most people say they just want one thing. >> peace in all people. burundi wants peace. >> reporter: until that happens some families are not taking any chances. some people have left the capitol and have gone to the
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villages or left the country and elections are going ahead and people are worried about what could happen afterward. the u.n. is trying to mediate talks between the government and opposition so far things are not going well and those who do not want a third term protest despite a heavy security crack down. >> we made an appeal and to take into account the seriousness of the situation because we believe that if there is no dialog with the country might be at reprieve with the situation. >> reporter: opposition parties are boycotting all elections and some soy that won't solve anything. >> translator: i am asking all muslims and burundi people to vote and that is the only way out of this crisis. >> reporter: president
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supporters will vote on monday and others plan to be back the street and will not legitimize the attempt to stay in power. so the opposition boycotting the parliamentary elections, what does that mean? that means the ruling parties will get seats in parliament and opposition members won't and may mean change in the road leading up to the presidential election in july and the international community will not recognize the outcome of this. where does that leave the president? he is increasingly isolated by his peers. reporting live from burundi capitol. still to come here at al jazeera the family of the tunisia government say they can't believe he is a mass murderer. >> we are humans, okay we are not animals.
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♪ hello again, these are the top stories at al jazeera. egypt state prosecutor has been injured in an attack a bomb targeted his car, behind a military academy in the capitol cairo. prosecutor and his body guards have been taken to hospital. the doors are closed on greece's banks as capitol controls were introduced following a weekend of turmoil. prime minister alexis tsipras has pleaded for calm as cash machines were emptied and world markets have a shocking reaction as they begin trading on monday. a grenade has been thrown close to a polling booth in burundi, just hours after voting began in parliamentary election no one is hurt but the late nest a series of attacks in the lead up to the poll and opposition parties say they are boycotting
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the vote. let's return to our major story and top story and that is the ongoing financial crisis in greece and we can speak to an independent investment for southeast europe and joins us live from athens and thank you very much for taking to us and i'm interested in seeing you were a member of the european task force for greece in the years 2011-2013 and give me an idea of how you think the institutions have conducted this five months of negotiations, how have they don't? >> institutions have a lot of egg on their face and they have explaining to do, not only towards other european countries, politicians and populations but equally the blame game that goes around and concerns the greek government. both serves not well and they
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deserve better. >> blame on both sides in the manner in which they have conducted these negotiations, how seriously do you think the euro zone is prepared to contemplate the loss of a member, this would be the first exit from the common currency zone, do you really think they are prepared to let greece go? >> i don't think that they are prepared to let greece go, in particular not out of the european union and there have been various statements from policy makers in the past hours to keep them in the euro zone. however, we will now see also in practice if these firewalls hold and if it can be controlled so this is a test in the past, in the coming days to further the european commission if these measures can hold but at the end of the day this is also about regional aspects and there are
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security issues implied also as a member of the nato alliance and has to be taken on board. >> indeed so membership of the european union is not really an issue just yet i wouldn't have thought, is it and tell us what you think the next stage will be, tomorrow is tuesday, we fully expect greece not to be able to pay the installment that it has to pay the imf, then what happened? >> then they would be technically in default, imf governing board would have to be called and decisions will have to be made how to then apply sanctions and in particular the agencies would have to make a considered judgment in terms of possibly down grading greece's debt rate. >> meanwhile in greece itself the country seems to be preparing to hold a referendum. given that the proposal, the last proposal coming from the
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institutions now seems to be null and void what could be on that referendum paper? what will greeks be asked to vote on? >> they would be asked to vote if they are prepared to continue endorsing these austerity policies or not but at the end of the day this is only a question on the ballots, lurking behind that ballot question is actually the future of greece in the euro zone or not, that essentially is the question although it's not written on the ballot. >> thank you very much indeed, talking to us live from athens. now israeli defense sources have intercepted and stopped a boat from trying to break gaza's navel blockade and being escorted to the israeli port and activists on board the vessel released a video on social media saying they are not safe and these are pictures that were filmed on the vessel before it
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was intercepted and others have turned back and on their way to the greek island of tikrit and people were on board but it did not use force to stop the breach. activistst released a video calling for international help. >> if you see this video it means that the israelis have broken international law again and means they took us as prisoners acting like pirates. it means that again they have prevented us to reach gaza, to reach pal stints. it means we are sitting there and waiting to act and waiting on the government to act and the international borders to act. >> reporter: and we have the campaign group that organized the flotilla and describes how the people of gaza have suffering. >> we believe there sis unfair
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blockade on gaza trip. this is again the international law, gaza strip is a small area with a population of around two million. for eight years now there is a siege on gaza with no reason be one of gaza suffering border and a lot of people lost their lives because they cannot go out for medication, a lot of the students there lost their future because they cannot get out of gaza and a lot of medical aid is not reaching gaza because of the blockade. then our campaign to try to locate this in gaza and when we talk about the swedish vote the swedish vote with a sweeden flag. it's the only country that recognizes palestine and they have the right to have a normal
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flag or see gaza or palestine. if israeli stop the boats in the international water this is again an international law. israeli prime minister benjamin netanyahu is detaining activists on the flow flotilla and ignores the horrors in our nation and prohibiting the law and backing from the u.n. secretary-general and no siege on gaza the words of benjamin netanyahu. the tunisia interior ministry believes 23-year-old attack on foreign tourists had accomplices and there has been a nationwide
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manhunt for them. the attacker's father and roommates have been detained and being questioned. the tunisia said it will arm police and add additional security and britain, france and germany are expected to visit the scene of the attack, 38 people were killed most of them were british. the relatives of the government say they don't understand how he could have turned into a killer. >> translator: i would never have guessed he would commit such an atrocity and we did not notice anything and did not feel he would do such a thing. >> reporter: day before the attack he was normal and worked in the cafe and went to pray and went home and sat with the people in cafe. forced bless in macedonia to reenforce the borders and the group has been stranded on this border for several days now and
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migrants say their only hope is getting across illegally and we report. >> reporter: stuck here for many days hundreds of migrants with children trying desperately to cross the greek border into macedonia but say they have no passports and therefore no rights. >> everyday we try to cross here and come back sitting in front of the police or military and do not know who they are and when there is hope we try to cross the border and they turn us back. >> reporter: even though it's summer it's tough and can buy food in a nearby village and still limit themselves to one meal a day. this makeshift camp is full of children and this is the only way for them to get a hot meal. while they rely on a single tap for clean water. >> this is not a life. we are humans, okay we are not
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animals. >> reporter: many migrants say people smugglers have charging 2200 to get across the border like this man who asked not to be identified. >> measures of macedonia government they are supporting them. >> support? >> support the governments of europe are fighting these people. >> reporter: macedonia police will continue to stop people entering the country illegally as the number of migrants from greece increases so do police patrols. but some people do make it across and here in the town of gabgalia if they say they will apply for asylum in three days they are given documents allowing them to use public transport and many use the provision to keep going and this baby was born in the hospital but her young parents from syria say they are only halfway on their journey and hoping to make a new life in germany. al jazeera. now, there are a lot of
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developing stories today apart from the ongoing economic crisis in greece there is also the election parliamentary elections taking place in burundi and you can keep up to dates date with the stories on the al jazeera website at al jazeera.com. i'm ali velshi, on target, calling for back up. troubled police departments ask for help as they try to reform the ranks and weed out bad cops. upped the gun - police officers put to the test with split second decisions on the use of deadly force. there's a new mandate for the nation's police development. evolve now. i will bring you police chiefs from across the country and take you inside some of the most intense police training you will
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