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tv   Journal  PBS  July 26, 2012 6:30pm-7:00pm PDT

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central bank chief mario draghi do what ever it takes to save the euro said markets and the euro searching did de. >> draghi's tough talk indicates he is prepared to have the ecb buy out the bonds of troubled euro zone countries. >> that is a step too far for berlin. courts still have to rule on the constitutionality of the bond purchase mechanism. >> mario draghi's words were listen to closely across europe. >> the ecb is willing to do what ever it takes to preserve the euro.
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>> draghi did not say what the ecb is preparing to do. it could lower borrowing costs for spain and italy. that is what it did for greece. draghi says it is essential to respond to the market's. >> they are giving us messages. if you ask me, it is a powerful question. will we be able, shall we be able? the answer is yes, of course. >> the market responded positively to draghi's words. that could ease pressure on struggling countries and by the time to rebuild the economies. >> the spanish team of-year bond yield is below 10% now and european bond shares went up 2%.
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the dax ended the day up by 2.75%. the dow jones up over 4%. a very good day obviously. we look across the atlantic -- the dow jones doing well, 12,882. the euro recovering from recent lows at the moment. we stay in the and the european commission president pledged to deliver on obligations to remain in the . >> that is right. in his first athens visit since the crisis started in 2009, bar asso met with greek and italian prime minister's to find ways to
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cut spending. >> meanwhile, athens is reviewing it greek austerity measures. the ecb has the power to decide whether greece has done enough. >> with a report on the austerity program in september, in the meantime, greeks are voicing their own opinions. >> he made his first visit to greece in three years. he says athens will meet austerity targets. >> i have been unequivocal that the european commission's stance by kris. i am here as a friend of ries. -- greece. greece can make it. together, greece and europe will make it. >> the country's ongoing
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recession has been a huge burden. greece's economy keeps contracting. the construction sector alone has shrunk by 40%. that is why the latest austerity plans were met with astonishment. >> they come here and make demands that are completely unjustified. this agreement was created by a weak minded government imposing another 11.5 billion euros worth of cuts. where are they going to take it from? from the public, which does not have enough to meet its basic needs. >> more and more greeks are worried about the future. many do not know if they will have enough to make ends meet in the coming months. >> could syria be facing the state of lebanon in the 1980's?
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a protracted power struggle with various factions, but no faction powerful enough to gain the upper hand? >> new violence in damascus after fighting in aleppo. >> the government will be trying to press its superior manpower and weaponry. >> taking over a station in aleppo. it is a small victory as they prepare for what is likely to be a massive ground and air assault from the syrian army. the rebels are allemande and outgunned. -- outmanned and outgunned. the u.s. -- the u.n. secretary- general ban ki-moon expressed frustration that diplomatic
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relations had failed to stop the fighting. >> action, meaningful action, will take the place of the efforts of the international community. without unity, there will be more bloodshed. more death. >> meanwhile, the head of the u.n. observer mission held talks in damascus with syrian's foreign minister to discuss the conflict. the un has also reduced the number of its observers in syria because the fighting has become more intense. as the fighting rages, arab nations planned to ask the u.n. general assembly to approve a u.n. resolution that calls for political transition in syria and the creation of a democratic government. >> along those lines, up to 15 members of the syrian opposition are reportedly working in
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berlin with plans for a transition after a possible ouster of president assad. >> the confirmed a report that they were working with generals and legal experts on what could become a new constitution. >> the opposition of c document could serve as the foundation for political debate, should the assad government be toppled. >> syrian opposition activists in berlin have been preparing for a post-assad era in their country. he was at the meeting. he says it is important the talks took place without the participation of german or u.s. officials. >> all the discussions, suggestions, and new ideas came from syria. that is an important aspect we constantly have to keep in mind
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and consider. >> germany's official planning for the future of syria took place as part of the 70-country friends of syria group. germany and the united arab emirates have co-financed project in berlin to rebuild syria after assad's fall. >> an important aspect of our work is naturally to show the syrian people that when a new government takes over -- and it will -- that the international community will stand by the people. >> that will be a challenge. cities have been devastated by fighting. assad's loyalists are said to have been spending huge sums of public money abroad.
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>> to china now, right? >> wright. in china, the wife of a politician has been charged with the murder of our british -- of a british businessman. gu kailai, the wife of bo xilai, will be tried for the murder of neil heywood. she allegedly poisoned him in his hotel room last november. it could be the first shot in a solar panel trade war. >> the chinese firms received illegal subsidies. they could file a formal complaint. the chinese firms deny any wrongdoing and say they want this disputes settled before it
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escalates. >> with more on this, we spoke earlier with our european correspondent, and we put it to him that the companies at the center of this dispute have warned this could result in a trade war with the you. we ask that was a possibility. >> yes, it could get out of hand. china and the eu are each other's biggest enemies. about 7% of production in europe -- in europe alone, there are hundreds of thousands of jobs. so, all lot is at stake. the commission announced there were formal complaints about what they see as an illegal substances in china. in any case, there is a 45-day delay before they issue findings. on one hand, european solar
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panel experts are demanding action. you have chinese solar panel manufacturers demanding beijing stop expanding. if there is a negative result, if europe does decide, yes, this is then there will be a lot of financial and political fallout. america already has tariffs against china. china is a big, big trade deal for the european union and nobody wants to be too swift in making these decisions they want to make later. >> the russian president vladimir putin has made a visit to an area devastated by floods earlier this month. plus waters engulfed the region on july 7. >> there was criticism about the
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way authorities handled the disaster. now people are complaining about the slowness of the relief operation. >> almost three weeks have passed since the floods. locals are still living in tents or the ruins of their homes. 250 euros per person. one elected -- one electric stove per household. volunteers arrive. >> women came to was crying because they had been consulted or treated badly by the -- came to was crying because they had been consulted or treated badly by the authorities. >> they are trying to salvage what they can from the bruins'. -- ruins.
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>> there are too many houses like this one. he would need half of moscow to recover everything. >> many residents are still traumatized. >> nobody warned us. nobody. we have been promised an apartment, but i find it hard to believe that is going to happen. >> hundreds of volunteers from all over russia have set up. they have been authorizing psychological and medical assistance for victims. they are now cooperating. russian orthodox patriarch has visited the region to offer spiritual support. he was accompanied by the regional governor who has been criticized for his inefficiency. the regional governor had to double local officials arrested. he says he wants to build an early-warning system to prevent a repeat of the disaster, but
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that has done little to reassure those who live here. >> after the break, u.s. president barack obama hints that he would like to ban assault rifles. >> and that is coming up in a minute from now.
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>> thanks for staying with us. >> u.s. president barack obama has made comments about gun control after last week's disaster in a movie theater in aurora, writer. >> the u.s. president said ak- 47's belong in the hands of soldiers, not civilians. >> he possessed a powerful simi automatic rifle. >> president obama told the crowd that assault weapons have no place in american streets. >> i believe the majority of gun
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owners would agree that we should do everything possible to prevent criminals and fugitives from purchasing weapons. that we should check someone's criminal record before they can check out a gun sale. that mentally unbalanced individuals should not be able to get his hands on a gun so easily. >> despite strong support here, the majority of americans are opposed to stricter gun control laws. gun stores in colorado are reporting a surge of sales after the shootings. many are buying now because they fear restrictions. the republican challenger mitt romney insisted no new gun laws are needed. many are speculating about whether the massacre could have been prevented. >> spanish lawmakers are trying to find out who is responsible
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for the failure of the bank that cost centers taxpayers 24 billion year rose to bailout. the former spanish economy minister and the ex-head of the imf testified. >> spain's property bubble has taken a heavy toll on the property sector. >> the 's biggest banks without $2.8 billion in bad loans. >> the banks are hesitant to approve the new mortgages. >> many people can only dream of living along the coast of catalonia. of the many apartments there are vacant, interested buyers often face hurdles.
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>> when you go to a bank to apply for a mortgage, they put up a lot of obstacles. they make it seemed unobtainable. -- seem unattainable. >> despite low prices, many properties remain unsold. there's a reason why many prospective buyers are rejected by banks. three hours later, they call my clients and offer them a loan of 200,000 euros instead of 150,000. in the end, they sell them apartments owned by the bank. a total of 700,000 homes better currently on the market in spain -- a large number of them belong to banks. >> the 70-day olympic torch relay was carried across london's landmarks today, dashing street, shakespeare's globe theater. -- downing street, shakespeare's
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globe theater. it ended up being lit at buckingham palace by prince william and his wife. >> prime minister david cameron said the olympic torch brought communities together to convey the spirit of the olympic games. the celebration will culminate after the opening ceremony on friday. >> london's narrow roads and creaking subways are spelling transport headaches during the olympics. but some have found solutions to the problem. he has installed eds so his colleagues can sleep at work -- bed so his colleagues can see it work if they have to. >> we are not asking them to secure all the time. we are not saying that. is really just for their safety and comfort. began just stay for a couple hours, use the y 5 -- wi-fi,
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have a shower. >> the lanes are only open to athletes, officials, emergency services, journalists, and emergency responses. tourists are shuttled into the subway and cutting into the revenues of taxi drivers. he says the traffic is the worst he has seen. >> people come to london who want to go to the olympic games from around europe, not to go to the bit part. if they do come at it is going to take me an hour and a half to get to the park. it will cost the customer of fortune. so, they are not going to do a. >> cable cars could ease congestion. it has 34 cars and has soaring views of london as it crosses the thames. the cable car system cannot carry many people, but it is a
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hit with people like donald. >> we're in london for a few days. we're thinking ointeresting thingso ld get a view of together.
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so f,we feel heading into the summer holidays. >> ose prlems may away, but the chancellor will ha to interrupt her vacation at short notice if new problems attention in brussels. >> thdr eil recognizable by the speechless
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figures a, bdfaces. >> what better way to celebrate his birthday tm th n exhibition in munich? >> egda women makehe way and life without uttering a word. even bubbles, they have plenty to say. these figures are the specialty ofrgtiborn cartoonist who is known around the world. >> e only way i can speak without language is with mca chce >> as he aroacis 80th bihd, remains a tireless eastndcoclt. the world he creates runs a accordgo s o ideas and lost.
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he dares to dream. he promised to wonder how otr rlmit stick -- mit tick. these drawingsre not for sale. they are meant for his childn drachildren, he says. >> absolutely wonderful. our top story -- the maet ik aerews that the ecb is ppad t do "everything necessary" to support your. >> that is the latest from the germ aureapepeiv >> good bye for now. captioned byhe tialaptioning institute --www.ncicap.org--
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. chs of svrebrenitzah. syrian government forces have their guns trained on oppositions in the commercial capital. u.s. state dartmentfficials are among those who believe the soldiers are preparing to attack aleppo.

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