captioned by the national captioning institute --www.ncicap.org-- >> you are watching "the journal" on dw-tv. >> and i have the business news. >> here are the headlines this hour. no mey yet. eu finance ministers postponed emergency loans to greece. and the president of syria bashir al-assad with anti- government protests. >> and the world's largest air show takes off in paris, with billions in orders for airbus and boeing. >> greece has two weeks to prove

that it is serious about getting its finances in order. european finance ministers say that greece must approve new austerity measures within the next 14 days. on monday, they delayed giving out more money. the message is clear. europe is not impressed with what greece has done to help itself out of the debt crisis. beyond greece, europe has a new way of dealing with countries in need of a bailout. >> after so much bad news about the euro, a rare positive note. e.u. finance ministers have agreed on a bailout mechanism. more than 500 billion euros will be available for struggling states. >> today's agreement underlines the determination of euro zone countries to do all things necessary to guarantee the stability of the euro zone. >> good morning, minister is.

>> this decision has no initial bearing on greece. they are under increasing pressure. ministers are holding off on a fresh injection of cash until after he implements new austerity measures. last year, the eu and the international monetary fund set aside 10 billion euros for greece, when and now athens needs money from that fund to stay solvent. they say they would not release the money until greece passes new austerity measures. >> support not only from the majority but many in the opposition in greece, like in portugal. it is a necessity. >> in addition, ministers are also working on a second bailout expected to be worth 120 billion euros. that bailout will be on the agenda when eu leaders meet in brussels later this week. e.u. has stepped down in demands

to have private creditors find the package. >> all of us have an interest in keeping the euro stable and not creating concern in the financial markets. that is everyone's responsibility, including that of the financial sector. >> under the proposed compromise, creditor banks will be involved. just how that will work still has to be hammered out. >> well, the euro weekend on the delay of loans to greece. this despite news that the euro zone has agreed on a framework or permanent bailout mechanism had expected to take effect in about three years. i asked a correspondent if he thinks a permanent rescue plan will bolster the european common currency. >> hi. no, i do not. this is a bailout after 2013, so this is a step looking into the future, but it does illustrate how complicated and difficult this crisis is, because the euro

zone finance ministers, they are trying to design a new architecture, a new way to prevent default and debt crises in the future, but at the same way, they have a real fire to put out. there are real problems in greece. >> it looks like greece will get the next installment in funds if it meets the criteria of the euro zone, but what if it does not? is a default more likely? >> actually, the head, jean- claude juncker, talked about what if they do not express confidence in the greek prime minister? the truth is, if they do vote no, if they do not support this package, we are really in uncharted territory, and that is when we get into the potential

crisis, a potential defaults, and potential contagion across the euro zone. we're keeping our fingers crossed that thareally will not happen. >> throughout this crisis, we have heard european leaders say that they believe that the euro zone is resilient enough to handle the situation. have they been able to do that? >> i do not think they have done enough yet, and certainly, i do not think the financial markets think they have done enough yet. they have delayed and postponed a lot of decisions. they have made them conditional on developments going on in greece, and they have not answered questions. going to be another bailout of greece? how big is that bailout going to be? nobody knows. how much will the private sector contribute? nobody knows. we know that they will be asked to contribute. voluntary contributions, how

much will they pay out? there are a range of questions outstanding. i think the financial markets are still going to react with a great deal of uncertainty to the unfolding events both here in the european union and in athens on the street. >> ok, we are going to have to wrap it up there. that was our correspondent reporting from luxemborg. a court in tunisia has sentenced the former president, zine el abidine ben ali, and his wife each to 35 years in jail and has ordered them to pay nearly 50 million euros in fines. (the verdict came down as the couple was tried in absentia in a one-day trial. they were accused of numerous crimes, including drug possession. ben ali was accused of attempting to note change the

conversation. another will face trial later this year. hosni mubarak was removed from power months ago and is said to be suffering from cancer. the president of syria has once again promised reform. bashir al-assad told the country on monday that changes will come within months, but he also blamed saboteurs for the under arrest, and he vowed not to deal with a gunman. >> for president bashir al- assad, the unrest in syria is the work of a small group of extremists. it is not the first timehe president has blamed this on saboteurs, as they suffer through the most serious challenge to the leadership in nearly 40 years. >> there can be no political settlement with those who use guns and kill people. we want a political settlement, and we hope that the army will be able to return to its barracks as quickly as possible.

>> assad promised to look into broadening amnesty for his political opponents. he also announced that parliamentary elections originally scheduled for last month will now be held in august. president asssad's supporters were jubilant, but soon after, rallies were reported in damascus. for many in the opposition movement, the president's speech offered too little, too late. >> in washington and in capitals around europe, there was disappointment in the message from assad. the white house said it wants to see concrete action and reform. another said the stubbornness of the syrian leader is, quote, " shocking." >> when we talk about the region, we are all very concerned, particularly about

the recent developments in syria. the news arriving from there is very shocking, but it is also shocking to see how unwilling the syrian government is to acknowledge a problem. this oppression cannot continue. >> that was the german foreign minister there. the head of the u.n. nuclear agency has called for international safety checks on all nuclear reactors to help prevent a repeat of the japanese midget -- the japanese disaster. there was a moment of silence for the victims of the earthquake and tsunami in japan. he has called on governments arou the world to conduct risk assessment onheir nuclear power plants within the next 18 months. are going to have more on the lessons learned from fukushima,

coming up a little bit later in this program, but first, we are going to do some business. >> that is right. at the moment, the world's biggest air show, the international paris air show, opens today. it posted a record number of exhibitors. there were aviation giants and archrivals boeing and airbus alreadreceiving orders worth billions of euros. >> the greather thana380 is damaged after an accident. they had to fly in a replacement. airlines around the world have been expanding their fleets. both airbus and its archrival boeing are benefiting. the u.s. company has unveiled the latest version of its jumbo jet at the paris air show. >> it has a brand new wing.

it has new engines. it is longer. it is bigger. it is a little bit heavier, and yet, what is exciting about it, it is also faster. >> the two industry heavyweights have already received orders at thenfair -- at the fair. but their capacity is limited. as a result, buyers could face a long wait. >> let's turn now to what is happening on the markets. correspondent sent us this summary of today's trading at the frankfurt stock exchange. >> another dominated and day. there was a broad-based selloff. investors actually concentrated and came back to the market. nevertheless, financials were the top losers among those shares.

they were saying that even if we are only seeing a soft debt restructuring, they could face writedowns, and there is general criticism among traders and investors that when it comes to you politicians, they are saying it is not at all good crisis management that we are seeing now. >> let's take a closer peaked at some of the numbers. in frankfurt, the dax closed down. the euro stoxx 50 closed down, as well. 2,74 a. the dow jones is on an upward trend at 12,080. the supreme court has rejected a class action suit against wal- mart by female workers. they claimed that they had been systematically discriminated against, alleging that wal-mart paid women less than men and

passed them over for promotion. they can still pursue their individual claims against the roads biggest retailer. if they had decided in favor of wal-mart, -- in favor of the plaintiffs, it could have cost wal-mart's tens of millions in damages. a change of course in the german energy policy is attracting a russian energy giant, gas from wanting to increase its earnings to the german electricity business -- gazprom. >> they would like to expand their presence in germany as soon as possible. they also like to take a position in power plants. >> in order to replace nuclear

energy wh natural gas in germany, it is necessary to start investing now. we are currently in talks with the german company e.on, as well as other companies. >> taking a share in germa energy companies could be very promising for gazprom, who would get access to the country's power grid. >> we have experience and the corresponding possibilities. we are currently exploring different markets. >> until now, german political leaders have opposed such plans, but that could change as the country phases out nuclear energy. gazprom executives are sure that they can sing and play a greater role in germany.

>> thank you very much. a german report from the united nations. it says the number of people displaced by war and natural disasters has reached a 15-year high. there were half of the refugees last year that were children. the report does not include the new refugees fleeing the violence in northern africa this year. >> the tiny italian island has a witness the arrival of thousands of refugees, like these. -- has witnessed the arrival. %it wants more help for displacd people still trapped in their home countries. >> it is a matter of providing places for refugees from most countries most affected. for exame, from tunisia, where there are over 100,000 libyan refugees. >> of the 43.7 million people

across the world up rooted in 2010, nearly 27.5 million have been displaced within their own country. only 800,000 have filed an application for asylum. germany has accepted 150 libyan refugees from malta, but the government does not intend to take in any more. >> as far as providing aid for north africa is concerned, th germ governmen is particularly concerned about providing humanitarian aid to the region. at the moment, we are not planning on accepting any refugees from libya, tunisia, or egypt. >> but calls are growing in germany for the government to do more to help those fleeing from the unrest in north africa. >> all right, stay with us. i am going to come right back with our "in depth" report, the lessons we have learned from

>> welcome back, everyone. it has been just over three months since the devastating earthquake and tsunami hit northeastern japan. it crippled the infrastructure there and created a meltdown at the fukushima nuclear power plant. thousands of people who were evacuated are still waiting at temporary shelters, wondering if they will ever be able to return to their home. they are angry at the way the government has handled the crisis, and that officials played down the threat of radiation contamination. we look at the lessons learned from the fukushima disaster learned so far. >> these people pausing for a smoke are housed in a former elementary school near tokyo. the 1400 evacuees are the former inhabitants of a village in the fukushima prefecture. for almost three months, they have been leading a sparse

existence in these classrooms. there is little privacy here. everyone here, young and old, is struggling to come to terms with their loss. >> i have so many different feelings. i want so much to return home, but i am very frightenedbout thradio activity. my common sense tells me we will not be returning very soon. it will take time. it could take 10 or 20 years. >> these two lived just 10 kilometers away from the damaged fukushima power plant. now, their former home is in a radioactively contaminated exclusion zone. they are among the 78,000 evacuees who have fled to escape the invisible danger. >> before the accident, we ver worried about the nuclear power plant. everyone said nuclear power posed no danger. it is only now since the

accident that we have begun to understand. >> some see him and his family as victims of the decade-long strategy of playing down the risks. behind the walls of its tokyo headquarters, tokyo electric forged a powerful alliance. political party leaders and ministers. sweden's -- they received things. this helped them become japan's largest utility and promoted nuclear-powered. officials turned a blind eye to safety problems at reactors. for years, one physicist has been fighting the closed culture environment. >> i happened to be in a meeting with took you electric on march 11. we were in the middle of the talks when the earth started to shake. and even then, they said their

nuclear plants were safe. >> pier 1 artist has also long been warning against the dangers, in a different way -- one artist has also long been morning against it. it is a film with remarkable foresight. >> i never thought it would really happen. but if an amateur like me was worried, the experts definitely should have been worried about it. they played down the danger, and now, they are trying to talk their way out of it. >> do not panic, the nuclear plant is safe, says the tokyo electric man. then, the tsunami strikes. just like the events of march 11. within minutes, the fukushima dai-ichi pledge was flooded. the cooling system was knocked out. in the coming days, one reactor

block after another experienced explosions. it was the end of a fairy tal of safer nlear energ it took tokyo electric's six more weeks to admit that the meltdown had occurred, a triple worst case scenario. that admission came just in time. in late may, experts from the u.n. nuclear watchdog, the international atomic energy agency, spend 10 days examining the consequences of the fukushima catastrophe -- spent 10 days. they have a reputation as a friend of nuclear power. its conclusions have generally praised japan's handling of the problem. >> you have to understand the natural events very carefully. >> the iaea report may be critical in parts, but it ignores a number of points. although it claims that the

operator underestimated the tsunami risk, there is no mention of the greater risk of earthquakes. and the decades of clo cooperation between the japanese regulatory agency and the nuclear industry is not something the report chose to take up. opponents of nuclear power are outraged. for weeks, thousands have been staging protests on the streets of tokyo. they are patel giddily anchored by the iaea praise of the japanese crisis management, which they see as a tactic of delay, secrecy, and down plane dangers -- they are kingery by the iaea praise -- they are angry. to achieve that in japan, they still have a long way to go. >> officials from the atomic agency are calling for safety checks on all of the world's nuclear reactors over the next

18 months. the goal is to ensure that nuclear power plants can withstand extreme events, like the one that hit northeastern japan back in march. the fukushima crisis has caused people to rethink nuclear policy worldwide. >> the fukushima dai-ichi power plant after its multiple meltdowns. investigations have shown that the investigation was made much worse because of serious safety problems. there are more than 400 nuclear power plants worldwide. how well are they prepared to deal with similar problems? the international atomic energy agency drafts safety guidelines for nuclear reactors, but those guidelines are just that. the iaea does not have the power to demand that the power plant operators actually implement the measures.

>> they cannot order anyone to do anything. they just make recommendations, and then they do follow-up investigations to see whether they were implemented. but the companies that own the new complaints usually do not adopt all of the recommendations. -- cote the companies that own the nuclear plants. >> they have called for better safety standards at nuclear plants, but experts say that is not likely to happen anytime soon for two reasons. first, the iaea member states are quite protective of their individual sovereignty when it comes to issues involving nuclear power. they do not appreciate outside interference. second, critics claim that the iaea but lacks independence. founded in 1957 and expressly to promote the use of nuclear power, the agency enjoys close ties to the industry that is

supposed to watch over. >> it is not a viable situation, in my opinion. people there are still too naïve and optimistic about the wall of nuclear power. -- the role of nuclear power. but the reality of the situation is that there are still a lot of problems with this technology. it is a real dilemma for them. they keep calling for new standards, but they are not in a position to push thrgh their recommendations. >> many lessons have been learned from the fukushima disaster, and yet, the iaea still does not have the power to order measures to improve the safety of nuclear power plants and prevent a similar mill down somewhere else in the world. >> and that has been ourin depth" report. as always, thanks for the company, everyone.

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of minutes, maybe, and this gives me a lot of ideas because he has idea i would never have. never. and so i start thinking and developing the thing, and he doesn't like what i did. so he changes what i did, and then i don't like what he did. and this is building and building up and up until we find