>> welcome to the journal. let's look at our top story at this hour. a war crimes suspect has been arrested in serbia. g-8 leaders gather in france for a major summit. it is one of the manner topic -- one of the many topics on the agenda is the state of the world the economy. captioned by the national captioning institute --www.ncicap.org--

>> he has been on the run since 1995. the search for europe's most wanted war crimes suspect is over. the former army general was arrested in a joint operation with bosnian security forces. he has been indicted on charges that he orchestrated the massacre of 8000 muslim men and boys. he is awaiting extradition to the hague. >> after his arrest, he was taken to a belgrade court. he had evaded authorities for 15 years. the capture of your's most wanted man can be a turning point for serbia -- of europe's most wanted men can be a turning point for serbia. >> this will bring us one step closer to full reconciliation in the region.

i believe that every other country must be responsible for closing their home chapters. >> he was arrested near the will to oppose a house where he had been living under an assumed name. -- in a relative's house under an assumed name. to untraultra-nationalists, he remains a hero. >> it is about time he is put on trial. >> other countries are representing their own. i am disappointed. >> as head of the army, he was indicted by the united nations in 1995. he is accused of a key role in a massacre of up to 8000 men and boys and ordering the siege of sarajevo, which cost thousands

of civilian lives. he will be extradited to the hague. >> joining me now in the studio is a balkans analyst. thank you for being with us. why did it take serbia so long to arrest him? >> it was not because they did not know he was hiding. there are powerful radical nationalist elements in serbia. like the secret services and the military in the serbian orthodox church who had an interest in protecting him. also, this is a difficult move for the present serbian government. there are opposition political parties that are radical and will take him to task for what he has done. it will call him a national list trader. it was a difficult decision. >> speaking of the president of

serbia, he said this closes a chapter in serbian history. do you agree with that? >> it closes the chapter dealing with war criminals. war criminals have come to trial. there is one child that is still ongoing. then the chapter will end. that is only part of the store. there is a bigger coming to grips with the past that serbia has to deal with. they have to deal a lot -- did a lot deeper into their history and ask themselves, why did this happen and why did the serbian support the war? >> the think the arrest is a good date for serbia and the region? >> it is definitely a good day that i which would have come a lot sooner. serbia has difficult problems on its plate. it would be good to get this one out of the way and move it one step closer to europe. those were really for the younger generation in serbia who

are western-minded and want to move on. they will get the chance to do so. >> thank you for your assessment. there was positive reaction from european leaders following the arrest. the german foreign minister said that serbia now has clear prospects for the new membership if it -- eu membership if it remains on good terms with its neighbors. nationally, there were signs of relief from brussels. >> for serbia, the winds have turned. the countries have turned toward serbia. >> this is proof that no one can continue to escape justice forever. it proves the rule of law works and war criminals can and must be arrested. >> it demonstrates that serbia

recognizes the key importance of reconciliation. regional reconciliation is a key political criteria in the eu entry process. >> the reconciliation -- the reconciliation will help but it will not guarantee membership. the next step is the trial. here at the international criminal tribunal in the hague. >> world leaders meeting for the g-8 summit in france welcomed the news of the arrest. u.s. president barack obama said it was an important day for the families of his victims. german chancellor and the markell welcomed the news. >> many people -- german chancellor and the markell -- on

the markell ---- the german chancellor what of the newest. but it is an important step. >> we will have more on the rest coming up on the in depth portion of the show. democracy in the arab world and global economic issues were discussed at the g-8 summit. >> the german chancellor commands her fellow heads of state to sign onto regular stress tests for nuclear reactors. tests are to be modeled on the stress tests the european union have all -- has already been carrying out. >> i consider it a success. it has become clear that we need to carry out periodic and

enhance safety checks on all our nuclear power plant. but despite the recent book she met disaster, now the other -- none of the other g-8 nations advocate dropping nuclear energy altogether. france will extend its nuclear dependency. germany is the item and out to kick its nuclear habit. -- is the i man -- i sths the od man out in wanting to kick its nuclear habit. a nuclear energy is not the only controversial issue for g-8 leaders. the support for the arab democracies are on friday's agenda. >> we talk to our correspondent terry martin. we asked him what line the g-8 was taking in development in the arab world. >>? in north africa and the middle east are on the mind of --

developments in north africa and the middle east are on the mind s of the eight leaders. they agreed on an aid package for egypt. that package includes debt relief and aid. they would like to see references to syria and yemen worked into the package. they would like to see the government of syria condemned for using violence against its people in that country. g-8 leaders spent thursday night addressing what they describe as the arab spring. it was an official item on the summit agenda for the working dinner. we will find out on friday morning what they concluded. >> terry martin speaking from france. let's turn it over to steve.

succession to the imf is making headlines. >> thursday brought a clear confirmation that the next head of the international monetary fund will be a hard-fought global contest. the french finance minister has not received the endorsements she was hoping for. a draft of a communication at the summit does not mention her or any of the other candidates to succeed dominique strauss- kahn. the french stance -- the french finance minister is being backed by european finance ministries. the deutsche bank annual shareholder meeting showed that the bank is on track to achieve its profit targets. there was anger over the continued silence as to who will

succeed the bank's head. there was opposition to how the bank is earning all that money. >> a load of rubbish. that was the message from demonstrators outside the budget annual meeting. >>-- outside the door to bank annual meeting. -- they sold me real estate in the 1990's. it is a step -- it is a familiar theme. they have been about in all sorts of dirty tricks. >> there was a different tone inside the meeting with the chief executive praised the bank's success. then he addressed at the core issues. >> all of our business must not just be legally, but also at the

click, impeccable. we must not tolerate any -- not just legally, but ethically impeccable. if there are risks, the reputation of the bank could sustain long-term damage. >> but germany's biggest bank faces a wave of litigation in the united states. the u.s. government is suing it for $1 billion, accusing the bank officials of lying to acquire funds for mortgages. >> our market correspondent sent us this summer. but a question of who is to succeed the man at the helm of the bank influenced everyone. influence on the share price is exerted by the european debt crisis. it is keeping the bank bback whn

you compare it to the highs of a few years ago. people are skeptical of further record profits in the years coming up. trading in general is influenced by the euro debt crisis. if the imf did not pay out its loan to greece, then europeans would have to help them. >> we will stay in frankfurt for a close look at the market also numbers. germany finished the session at $78.13. in new york, the dow closed at the top of the hour. it managed modest gains. on currency markets, the euro trading against the u.s. dollar at $1 to $41.30.

the greek prime minister has called a crisis meeting for friday to try to win the support of opposition parties for what is to come. tens of thousands of greeks have taken to the streets to protest the austerity measures. earlier this week, the greek cabinet approved 6.5 million euros in austerity measures. the cabinet will detail and it further 2 billion bureaus in cuts and privatizations. that is you look at business. >> thank you. we turn to afghanistan where eight soldiers from the nato security force have been killed by a roadside bomb. seven of the cavities are from

the u.s. -- seven of the casualties are from the u.s. because is still being investigated. once russia's richest man, he is now the famous prison inmate. the former head up and oil company has been behind bars since 2003. he was sentenced on fraud and embezzlement. he has written a book documenting his thoughts. his son came to berlin to launch it. >> he is in berlin to promote the german edition of his father's book. he says encouragement and pressures from abroad have helped his father s imprisonment. he last saw this on the 7 1/2 years ago. on tuesday, a moscow court overturned an appeal. against his conviction for

theft and money laundering. he accused the judges of destroying judges -- destroying justice and the future of russia. germany's justice minister called the charges against him of certification -- called the charges against tampa absurd. >> the real reason my thought is in prison is that he is perceived by vladimir putin to be the main political opponent in russia. that is not true. my father does not want to become prime minister. these are fantasies. >> his lawyers are taking the case to the european court of human rights. the case will be heard next week. >> to some basketball now. the dallas mavericks have reached the nba finals, only the second time in their history. they beat the oklahoma city thunder to plan their decisive

or a victory in the western conference finals. stay tuned for in depth, which is coming up after a short break.

>> welcome back. an important part of serbian history has been closed. and then has been arrested for war crimes. early on thursday morning, his luck ran out. he was arrested before dawn at a relative's home in a tiny serbian the village. he is awaiting extradition to the hague. he is charged with orchestrating the massacre of 8000 men and boys in 1995.

>> to some, he was a war hero. to others, he is a mass murderer and a war criminal. the top general of the bosnian army was on the run since 1995. he passed through the military training system of the former yugoslavia. it culminated in his appointment as general in the bosnian serb army. the two men accused of leading that army carried out a campaign of genocide.

the bosnian serb army seized the capital of sarajevo. the tribunal estimates that 11,000 people died in the siege, killed by snipers or mortar attacks. he is accused of turning the machinery of war against civilians many times. the charges against him include involvement in ethnic cleansing to read the territory of the people opposed to its independent existence. in july of 1995, thousands of bosnian muslim men and boys were rounded up. in the presence of u.n. peacekeepers, the resulting massacre of those boys has been described as an act of genocide.

it was not until the bodies of the victims were found in several unidentified mass graves that the true extent of the genocide became known. soon after his indictment, the fugitive life began. there were unconfirmed reports of his appearance in various parts of europe. there was a game of hide and seek that has now come to an end. >> the international criminal tribunal for the former yugoslavia is a united nations court that was set up in the 1990's to deal with what happened in the balkans during that decade. 160 people have been charged, including heads of state and prime ministers and high-level military leaders.

our next report takes a closer look at the court and what it has achieved so far. >> the international criminal tribunal for the former yugoslavia was the first quarter of its kind since the end of world war ii. it was set up by the u.n. in 1993 to one -- to investigate the atrocities committed in the 1990's. the former bosnian serb leader, like his army chief, spent years on the run. >> it is important for international justice. it demonstrates that there is no alternative to the arrest of war criminals. there can be no safe haven for these attempts. more than 160 defendants have faced the tribunal -- the tribunal. slobodan milosevic died in custody anbefore his trial came

to an end. this woman pledged personally to bring war criminals to justice. >> we are working for justice for the victims. it is true that we cannot have all of them. we will do our best. >> her determination made her unpopular with many serbs. she has repeatedly accused the government of protecting alleged criminals. >> there is a danger that we will be too late. when these criminals are regarded as heroes, they are protected by people at large. >> the serbian president believes thursday's arrest will in such allegations. but this is the result of full

cooperation with serbia and with the tribunal. we have always believed in our strategy and the work of everyone involved in this process. today, which closed one chapter, the chapter of our recent history. >> the extradition process is underway. >> we spoke earlier to our european affairs correspondent in brussels. we asked him if the rest will boost serbia's chances to apply for -- if the arrest will boost serbia's chances to apply for entry into the european union. >> the chances are better. nothing could have progressed without what happened today. yes, a vital boost to serbia's hopes.

officials in brussels have been saying there is a long way to go before they are members of the european union. >>there was a two day visit. good will and good relations between the european union and serbia and the ceremonies. it turned on detect. a statement was put out welcome the arrest -- welcoming the arrest. lake which was used, but it did not say, welcome to the club. i think that was a genuine coincidence. >> aside from all resting the suspected war criminal, what else has serbian done to secure

european union membership? >> there is a big stumbling block still. sorting out organized crime. sorting out an official judicial system and human rights, corruption in general. these are big obstacles. never mind being war criminals. once you clear these obstacles, these are the big things. european union officials are saying these are resolved and they must be resolved if the green light is to be given. >> what is assumed to be the biggest hurdle? >> i think it is organized crime. not necessarily because of what happened in serbia and the war. it is a big problem in the balkan region. organized crime. get to be crux of that. >> that has been our in-depth

wrapping up of the journal. but forget to check out our website for more news and information. thank you for joining us here. stay tuned.

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