inisters are expected to make what is being described a major decision on saturday. either they make recommendation fog a new bailout program for greece or whether to walk away and leave greece to exit the single currency. a summit is said to be held to discuss the next steps information a final bid to stave off financial collapse, finance minister alexis tsipras has submitted.

here is our report. >> greekles examined the government's new proposals on friday night. prime minister alexis tsipras submitted them thursday night hoping to secure a third bailout from creditors and avoid a catastrophic exit from the eurozone. the list of measures includes raising v.a.t. from 13% to 23% except for basic products, electricity and hotels. corporate taxes rows to 28%. retirement age will be raised to 67. early retirement will be discouraged. islands will no longer get their 30% tax breaks. the government is also planning to cut the defense budget by 300 million euros by the end of next year. the plan also includes a series

of privatizations. they were examining the offer on friday. >> this is a great battle, long and painful. i think it will end with the steps that we are taking. >> the latest plan indicates alexis tsipras has caved on certain creditor demands. however, it remains upclear if his latest moves are enough to convince his skeptics he is committed to reform. >> we speak now to an advisor to the greek prime minister, alexis tsipras, and also a professor at texas university. he joins us from the united states. thank you for speaking to us. tsipras appears only now to be backing down on issues he previously said were non-negotiable. does that mean his position is rather weaker now than it was last sunday. >> first of all, let me correct you. i have been not been an advisor

to the finance minister. i have been a friend to the former finance minister. i believe the government has been forced to capitulate under extreme threat of the closure of its banking system. and under those conditions it has been obliged to accept policy measures which is considers for good reasons to be highly unwise and likely to cause further damage to the greek economy. >> do you think tsipras risks rebellion within his own ranks, putting those points up for discussion when previously they were non-negotiable? >> my impression is there will be only small defense this evening in the greek parliament because the coalition behind prime minister tsipras is very disciplined. i don't anticipate a political rebellion at this point. the problem will be when the program goes off track for

fiscal and economic performance, which are unlikely to be met. >> what about the level of sport that exists for greece among other nations in europe. do you think it is fair to say that france is perhaps the most steadfast supporter in the eurozone at this stage? >> i have a hard time judging that. french officials have been more sympathetic in this last round. but when it really mattered and when there was the hope of getting policies there were actually functionable for the greek situation, i don't believe there was any major help from major powers. >> what about the referendum held last sunday. do you think that has had any major berger on how events have panned out during the course of the last five or six days? >> regrettably not. it shows the sentment of the

greek people, and that is a message that will resonate through the politics of other countries in the periphery of europe and other countries affected by the crisis. in the long run the referendum may well have an effect, but it didn't have an effect on this negotiation. >> professor, thank you for speaking to "france 24." we apologize to our viewers for the audio quality there. you can get the latest situation on the greek situation on our website. check out our website and live blog on france24.com. you can get all the developments this evening from there. now the deadline has been extended three times in the past 10 days. we are not talking about greece but iran and six world powers who have now given themselves until monday to reach a deal on the islamic nuclear program. there have been progress, but

officials describe the talks as painfully slow. here is more. >> u.s. secretary of state john kerry's motorcade arrived on the 14th day of talks. but after two weeks of talks, world powers were backtracking on several key commitments, such as the duration of deal. >> unfortunately we are witnessing challenge of stance and seeing that several members of the five plus one countries each has a different stance. this situation has made the job difficult. >> but the west points a finger at teheran. on thursday kerry said they weren't prepared to rush but warned they wouldn't wait forever. >> president obama made it very clear to me last night that if the tough decisions don't get made we are absolutely prepared to call an end to this process. >> the u.s. congress had tried to encourage a rapid conclusion saying if a deal

was reached thursday it would only have 30 days to review it. sips the deadline was missed, that now doubles, leaving the deal open to more scrute nissan. many in the u.s. oppose a deal, as do hardliners in iran. all have made it clear they do not want to go home empty-handed worried they will lose any progress they have already made. [inaudible question] >> so with the deal near, both are reluctant to call it quits. >> now it is a familiar scene every year. events held across the middle east to mark jerusalem day. from beirut, to baghdad to damascus and teheran demonstrations have been held denouncing israel. this year protestors have been expressing their anger also at saudi arabian the islamic state organization.

>> in damascus, most protestors were palestinian refugees. every year like tens of thousands of people across the world they denounce the occupation of jerusalem and the palestinian territories. it is in iraq and in countries as far as india and pakistan. but it all started here in iran. this is where jerusalem day was invented, not in 1967 when israel conquered east jerusalem , but in is the 79. >> muslims and all free men should join the crowd to confront the criminals. >> israeli, u.s. and british flags are torn and burned as are the portraits of their leaders. chitown protestors accused them of fighting rebels.

>> it is out of the question that these nuclear negotiations will provide security to israel. israel and the united states should know they are still our enemies. >> in jerusalem itself, thousands of muslims were taking part in ramada prayers. among them -- in ramadan prayers. among them, pro festors were waiving flags. to them, that is a zuninoist event celebrating -- is a zionist event. >> a report that a hotel in mogadishu has been attacked. gunmen then stormed the premmingds. the attacker likely from the al shabaab militant group. six civilians are thought to have lost their lives so far in what at this stage is still an ongoing situation. we will bring you more as soon as we get more information.

now egyptian state television this afternoon that the actor mike krzyzewski has died following a heart attack at kire hospital. he was swept to fame in the 1962 classic lawrence of arabia and then again three years later for the title role of dr. zh imp vago. he was 83 years ago. thanks for speaking to us. what has been the reaction in the egyptian capital to his passing? >> well, already on social media the tributes are flowing in to what is arguably the greatest actor of egyptian cinema in history. he was born michael shalhoub, but he took up acting under the name of omar sharif.

he went on to act for many films in the 50's and 60's. he married egypts movie queen in 195 a. he was already a massive box office star in egypt when he was cast in lawrence of arabia in 196 it. he played in another movie three years later. he remained a sought-after actor for many years. he played marco-polo and genghis khan. he was a world-class bridge player and wrote a column. he was a prodigious gambler once winning $1 million in an tan yasmin casino. he spent his later years in kire and paris.

he had been recently suffering from alzheimer's disease. he died in a kire -- in a cairo hospital. the country will mourn his passing. >> of his a ground-breaking actor because he was really the first actor from the arab world to be known truly internationally? >> absolutely. he was the first and arguably the biggest crossover star to date from the arab world to the international stage. not only in lawrence of arabia and dr. zvigago. but other roles as well. he starred with mean loading western icons. he remains a unique artistic force from the arab world, and he will be greatly missed and honored on his passing. >> his parents are actually

syrian-lebanese, but he was born in egypt. so he was considered very much an egyptian star first and foremost. >> absolutely. he was born in alexandria in 1932 to syrian-lebanese parents. he considered himself egyptian. he always had strong and close ties to the country. his romance and marriage to his wife who was the queen of egyptian cinema only boosted their fame together. and many of the classic egyptian movies ofen age of the 50's and 60's were with omar sharif that is what he is known for. those classic movies. he really had a very strong impact on the history of egyptian cinema. >> thank you so much for that update.

reporting there on the news of omar sharif, dead at the age of 83. pope francis has today wrapped up his visit to bolivia, where he spent his final hours visiting the notoriously violent and overcrowded prison. he gave them words of encouragement and told them not to despair. the streets of the capital were lined with people hoping to catch a glimpse of the pontiff. >> the eruption of a volcano on the indonesian island of java as resulted in the formation of an ash cloud. that forces airport toss close. people have been stranded in hot spots such as bali. here is more. >> travel chaos for holiday-makers after indonesian authorities closed airports over concerns of volcanic ash. the debris can clock aircraft

engines. travelers arrived at the bali airport only to find themselves stranded. >> we were told the flight was cancelled. we have to find somewhere to stay because they can tell us if we are going to fly tonight or tomorrow. >> the volcano has been erupting for the past week. on friday it blasted ash and debris 3,800 meters into the air. the transport industry has advised flights to stay away from the monday. flights were canceled friday, which could be more. >> a day after the british government. -- two weeks ago a jihadist gunman attacked a beach,

killing 38 people, most british. they are warning travelers in tunisia to be vigilant. here is more on the reaction to that advisory from the british government. >> several flights have been added in order to take all the remaining britts back home. last week tunisia declared a state of emergency throughout the country, but that was not enough for david cameron. he said they haven't done enough to enhance security. this time the critique goes to the most recent security efforts over the past two weeks. tunisian authorities pumped up security, adding 1,400 new agents to its police. but they promised to get in touch with david cameron in order to try to convince him to go back on his decision. this is another difficult decision for tunisia's tourism industry. we have been in hotels in a

tourist zone today, and tourists are leaving. the hotels have already had many cancellations. >> that was the latest on the situation in tunisia. time for a check of the top business news stories. i am joined by marcus karlsson in studio. we are going to start with that debate in the greek parliament on this latest reform package submitted by athens. >> we are learning more and more about this reform package. we are still waiting to hear from creditors about what they think about this proposal from the greek government's side. we are waiting more specifically for the i.m.f. and the european commission to come out with what they think. the aim of the game of course is for prime minister alexis tsipras to secure a bailout package worth 53.5 million euros. it includes an overhaul of the pension system, raising pension

age to 67. the government is looking to speed up privatizations. they want a hike in corporate taxes to it will% and raising sales taxes on luxury goods and foods to 23%. it would create an independent tax agency, which is meant to help with tax evasion in greece. those are some of the proposals that could shape of future of greek businesses. as creditors look over the latest proposals, there is still uncertainty about the future of greek bans. the finance minuter sikorsky sikorsky did -- in order to prevent a bank run for two weeks.

minister tsakalotos believes there will be a lightening with a deal. >> this past month they were very supportive. it was exerting pressure and the other 18-member states to find a solution. the e.c.b. is waiting for a proposal that confirming the procedure is up and running again. we are waiting to reach an agreement very soon. >> we are going to take a closer look at some of the consequences of the capsule controls that have been in place in greece for almost two weeks. they have prompted consumers to stock up on supplies and invest in things like gold. here is more. >> several greek banks collapsing have led to a shopping spree. but this is more than just retail therapy. many consumers are stocking up on all kinds of goods, worried they may not be able to do so in the future.

>> i have bought electronic stuff like tablets. i am thinking about buying air conditioning. >> cosmetics. things that i use. now i bought for the next three months. >> media have reported that greek banks are prepare fog a so-called bail-in scenario when lenders are saved from collapsing partially at the expense of depositors. >> i was saving money. i don't want anybody, whether the greek government or the e.u. i don't want them to take my money away. >> more and more people are seeking refuge in gold. sales have skyrocketed, with consumers looking to spend thousands of euros and maybe more. >> we had to turn down an order worth 1.1 million euros.

it was hard for us to say no. >> uncertainty fueling consumer spedge. some source say the only other team they see business like this is during christmas. >> now we are seeing optimism in stock markets when it comes to the greek reform proposals and optimism that there will be a deal that will stave open an exit. we saw the kick-out in paris. it ended up 3.1% higher. the london ftse in positive territory as well as the frankfurt dax. the shanghai composite had its best two-day performance in seven years. we will talk more about that in a moment as well. here is the united states.

the nasdaq is up 1.6%. greece is in the spotlight, and so is china. we are going to hone in now on those gains i have told you about earlier. when it comes to the shanghai composite in the chinese stock market, they were sharply higher for the second day running, up 4.5%. officials have cut interest rates, relaxed credit conditions and enlisted brokerages to buy stocks. this is on top of further action by the china bank. the chinese stock market has lost 30% since mid june, and that has worried authorities. >> if markets do not stabilize on their own account with more stable dynamics, china may have to do more. but for now the easing on margin seems to have been a key move in stabilizing. >> from stock market concerns

in china, we are going to lock at another emerging market. the president said brazil's economy is going through a tough time. but speaking to a summit in russia she says a recovery will take hold. this comes a day after the international monetary fund cut its projected growth rate for brazil. "france 24" has more. >> from an economic powerhouse to the brink of recession. on the streets of rio de janeiro, the economic downturn is taking its toll on daily life. >> a year ago i used to spend 70 at the market. today i spent 142. it has doubled in one orr. >> brazilians are berger the brunt of austerity measures like cuts to well wear and unemployment benefits and higher taxes. the i.m.f. says the brazilian

economy will shrink by 20%. inflation is growing at nearly 9% double the official rate. >> the prince pal factors that contributed to thomas rates were energy, which increased by around 40%. fuel prices were also very significant at the start of the year. gasoline and diesel in particular. and thirdly, food products. >> the downturn is putting pressure on the construction sector. it is already reeling from the $2.1 billion corruption scandal, which cost thousands of jobs and could cost brazil billions in potential g.d.p. growth. there is also the end the commodity boom as the chinese demand slows for the brazilian exports. the prime minister said she believes the economy is capable of bouncing back. but they warned brazil will need boulder measures for this

to happen. >> let's bring you up to date on a few other corporate stories. ryan air ended higher. it clears the way for i.a.g. to take over aer lingus. the international energy agency says oil prices may not have bottomed out yet and could fall further. the paris-based agency made that call, saying that demand growth will continue to slow down ahead. at the same time, the i.e.a. says oil supplies will continue to swell. a barrel of brent crude is trading just shy of $59 this session. the american carmiker, general motors is recalling nearly 780,000 s.u.v.'s, mainly in north america. they are being called back to the shop because of concerns

over their rear power lift gate. the concern is that the lift gates could fall off. g.m. has reports that 56 people have been injured by falling lift gates. the problem is

rom pacifica, this is democracy now! >> 22 days ago i did not know i would never be able to say this again. but today, i am very proud to say that it is a great day in south carolina. amy: south carolina governor nicky haley signs a bill to permanently remove the confederate battle flag from the state capitol three weeks after a white supremacist killed nine african-american parishioners in charleston. we will speak to the interracial