>>-inflation crippling venezuela. money cannot even buy a ticket out of the country. venezuelans are trying to flee as economic chaos grows, and the government launches a new currency. neighboring countries are securing their borders, telling venezuelans to stay home. also coming up, in a letter to all catholics, pope francis asks forgiveness in the expanding child abuse scandals. however, the pontiff mentioning

nothing about holding clergy still in power accountable. and tearful reunions for north and south koreans, as families embrace loved ones not seen in decades. many thought this day would never come. plus, an economic milestoneneor greece as it emerges from its final bailout. athens will now be able to borrow money on financial markets for the first time in eight years. it follows years of crushing austerity as the country tried to cut its debts. i'm brent goff. it is good to have you with us. we begin in venezuela, a country in the grip of an economic meltdown. it's citizens try to flee the chaos. venezuela's numbers are rushing to close borders.

in the hope of restoring some stability, president nicolas maduro has launched a new currency. five zeros have been knocked off the beleaguered role currency as hyperinflation heads for 1,000,000% a year. what is this doing to the money people have in their pockets? look at this, this pile of old bolivar's. today, this would buy you only one chicken. likewise, this is how much a few tomatoes currently cost. in venezuela, that is changing by the hour. and it costs this much paper money to buy just one role of toilet paper, people say, why bother? venezuelans are fleeing the economic crisis in droves, but neighboring countries -- colombia, ecuador, peru, and chile -- are not opening their doors. a state in brazil has asked its supreme court halt the entry of

migrants. reporter: eileen aguilar has been dragging her suitcase along kilometers of highway, fleeing economic hardship in v venezuel, crcrossing into ecuador on foots an undocumented migrant. >> we spent all night by the border. the authororities told us to be patient. they s said thehey would get an answer in the morning, but there was no response. they told us, head to venezuela. we do not want more venezuelans here. reporter: after ecuador imposed new restrictions on saturday, eileen and her runs felt they had no chance but to cross illegally. others are stranded at official checkpoints, hungry and cold, fearful of being sent back. >> we arrived here and have no hope of beining able t to pass through. the husband is desperate in peru. my family is also desperate in venezuela. just want to help her families. i have two children.

i sold my house. i have nothing. i cacannot go back to venezuela with nothingng. reporter:: the unprecedented exodus is increasingly overwhelming neighboring countries. colombia and brazil tightened border controls earlier this year. now, ecuador and peru are following suit. tensions along the borders are rising. over the weekend, brazilians in a border town turned on venezuelan migrants, forcing hundreds of newcomers to flee back across the frontier. across the region, the growing influx of venezuelans stoking animosity against the migrants which has been building for years. despite that, and at the risk of beining turned away, i lean and her friends still have their eyes set on peru. brent: joining us tonight from the venezuelan capital of caracas is a journalist. it is good to see you. we heard venezuela's neighbors are closing their borders. venezuelans are facing travel

restrictions. what o options a are left for pe who are trying to escape? oscar: welell, foror many venezuelelans, staying is not an option. besides the food and medicine shortages, there is an energy crisis that has l left several cities without e electricicity r running water for days. the economic crisis has oilil prices throughgh the roof. and high h crime rates h have me many areas a warar zone fofor regugular citizenens. there e are always optptions for migrants, despite hahaving more obstacles.s. in the last couple of years, we have seen millions of venezuelans mean the country. many have risked their lives and even died trying to reach curis sosouth -- curacao and aruba on ships. getting a passport is still a better option. brent: venezuelans new currency, called the sovereign bolivar, is being rolled out. that has to be a massive operation.n. is thihis the silver bulullet tt

will help stabilize the economy? oscar: it certainly is a massive operation. today was declared a national holiliday toto givee eggggs and businesses a chancnce to adapt their systems to o the new currency.. nyny economiststs are p predictg this w will worsenen the economc crisis it does gigive thehe governmente political l and social control over people. there arare fears of companies closing,g, an increase in unemployment, and inflation to levels we have never seeeen. there wewere predictions of 1,000,000%0% inflation. some analysts are projecting 44,000,0,000% inflatioion with e new measures. despitite striking f five zerosf the bolivar, there are inincreasing tax prices, , 35 ts ththe current valalue. thisis will be the basis for all currency traransactions s in venezuela. it was supposed to be e the firt crcryptocurrency issssued by a governrnment, but in r reality a

token that works but has been banned b by many countrieses. it is not startingng out great. but m many people are already training and buying things with cryptorrencies. it is amazing g that despite the recent fall in values, bitcoin is still stronger than the bolivar. that is what i am covered in this next r report. this cafe in the venezuelan capital, caracas to -- caracas, does not accept c cash. but they do take his crypyptocurrencies,, a responseo out-of-control inflation which has left ordinary venezuelans in a desperate situation. >> without money, without cash, venezuelans can either emigrate, or they can look for alternatives. one of these alternatives is using cryptocurrencies. oscar: entrepreneurs like maria believe daily life in venezuela can only continue if people are

offerered a range of payment options. at her kiosk, customers can use --, venezuela's most popular cryptocurrency, to pay for coffee and snanacks. this has not escaped the attention of venezuela's government. it has launched a new currency. it will be tied to the petro, a cryptocurrency that has been banned by the united states. it is valued at around $60, roughly equivalent to a barrel of oil. but sosome digital currency exexperts appepear skepticic. >> the petro, lilike every other critter currency, depends on people's confiden i in it. if people dodo not trust the currency, it is not much u u, because bodydy will accecept it. oscar:r: one reason that dash hs taken off in venezuela is that it enables transactions to be completed quickly. with inflatition rising at a an extraordinaryy rate, an

increasing number of companies in the country have embmbraced e digital currency. but economists are warnining tht crcryptocurrencies will not put the brakeke on hyperinfnflation. they say they y offer no more tn a practicacal payment option. >> t these days, cryptocurrencis are widespreadad, and it is a gd thing it t there is a government body spepecialized i in them. public a authoritieses need to k with society t to establishh guidelelines that will benefit e economy. we need toto take a proactive roach h to cryptocurrerencies. oscar: analysts believe venezuelela's inflation rate c d hit t 1,000,000% by the end of e year. actionon is desperately needed.. but as long g as the petetro ist accepted on internrnational markets, the prospects of a new currency tied to it do not appear rosy either. brent: we see right their perception matters a lot when we are talking about currencies and monetary policies. it also matters in politics. we understand the opposition is

calling for nationwide strikes in protest tomorrow over economic reforms. really be able to get people out on the s streets? oscar: well, that is the exexpectatioion. we have seen an increase in protest this year. even bigger protests down in 2014 and last year. but they have alall been toto protest agagainst lalack of services, and different other issues, not politically inclined. tomorrow, the opposition is planning o o h having a special extraordinary session of element to discuss these new measures. political parties are calling for strikes and protests. we might be seeing more of that in the coming weeks. brent: oscar reporting tonight from peru. oscar, thank you. pope francis has written a letter asking all catholics are

forgiveness, as the number of child abuse cases involving priests grows. his letter follows a are reaching u.s. report that found 300 clergy members had sexually abused at least 1000 children over seven decades, while others turned a blind eye, referring to what he called atrocities perpetrated by the clergy. the pope said the church must acknowledge the errors, the crimes, and the wounds caused in the past. he admitted the pain of these victims was long ignored, kept quiet, or silenced. he promised no effort would be spared to prevent such situations and their cover of. -- cover up. we are joined by martin, our religious affairs correspondent. to see you again. i want to talk about what was not in that letter. we expected to hear the pope say that what has happened is terrible and we do not want it to happen again. but there was nothing said about

those responsible for these atrocities, and bringing them to justice. martin: indeed, there is no clear sense from this letter, other than sort of talking about tenants, etc. -- the things we usually hear from the vatican -- there is anything to creak given by way of policy that would actually bring about what has been now trumpeted for 16 years, zero tolerance. we have been hearing a lot about zero tolerance for a long time. this is clearly not materialized. this letter does not point in any evident way, in any other direction. this could change when the pope goes to ireland, but right now, the letter itself is not. brent: why did he write the letter? is he under pressure? or is this a strategic move? martin: i think he was honestly forced into this position where he had to say something.

a couple of things happened in the last few days. one of them is the cardinal associated with pittsburgh, with the pittsburgh bishop ray, -- bishopry, the diocese. he mentioned the report. he was supposed to be the keynote speaker in ireland and was forced to step down. and a chililean prosecutor has w really push the vatican to turn documents concerning sexual abuse in chile. i think it is a bit of a perfect storm. at the very same time, the letter is in relation to what we would call church middle-management, what the letter calls clericalism. there is no can create policy position we can tell from it. brent: the message here is that the pope is telling the world, we are sorry. what happened is terrible. but those who committed these

terrible things, unless there is further notice, will get away with it. martin: the letter really push is very hard on the idea that this should never happen again, that these people should not escape punishment. it is not clear what that punishment would be. i think the bigger issue is that -- one of the scandals is most certainly the sexual abuse. this is something that everybody who looks at the story can immediately agree. the bigger question, the one the pennsylvania grand jury brings out, is the question of a cover-up. the pennsylvania grand juries shows it is not only protecting these people, but moving them around and allowowing them to cocontinue abusing minors. in has been talked about for now a very long time, at least since this pope came into office six years ago. committees have been brought together. experts have been brought

together. no policy is on the table as of yet. brent: and the scandals continue to be discovered. martin, our religious correspondent -- as always, martin, thank you. here are the other stories making headlines around the world. spanish special forces have raided the home of a man who tried to assssault police near barcelona. authority say the man demanded to be let into a large police station, then lunged at officers with a knife before being shot. investigators are treating the incident as a terrorist attack. pakistan's new foreign minister is called for an uninterrupted, continuous dialogue with india. speaking after he was sworn in, he said it was important for the countries to talk to each other. relations between pakistan and india have been tense ever since independence from britain in 1947, particularly over the divided territory of kashmir. water levels in the southern indian state of karala are

receding after catastrophic flooding. at least 250 people have died after heavy rains caused the worst flooding in the state in a century. more than 3/4 of a million people are in relief camps. officials are worried about an outbreak of disease. now, emotional reunions of separated families in korea. dozens of elderly south koreans are in north korea tonight for long-awaited reunions with family members. the tearful meet ups rejoin relatives who were divided after the korean war nearly seven decades ago. the reunions were approved by the leaders of the two koreas at a historic summit in april, part of a recent law in relations. -- thaw in relations. reporter: reunited after decades apart -- parents, sons, daughters, brothers and sisters,

together again -- recognizing each other was sometimes difficult. this is an 89-year-old and her 86-year-old sister. >> i finally get to meet you, after living for so long. reporter: despite the passing of time, is 81-year-old never forgot his brother's race. >> as i looked carefully at him, i could recognize him my past. even if he has got old and has wrinkles on his face, there is still some of him left, as i remember him from all those years ago. reporter: reunions like this have only taken place 20 times since 2000. apart from these state-sanctioned get-togethers, there is no way to contact each other. phone calls and letters remain prohibited by pyongyang. these north and south koreans have been permitted 11 hours together over three days.

it is a painfully short amount of time for these aging families, who are all too aware this may also be their final farewell. brent: you are watching dw news, live from berlin. still to come, armchair athletes dream big. video gaming has made it to the asian games as an exhibition sport. they are now underway in jakartrta. it is in this school in the city, with the teacher's blessing. a lot of people dreaming about that. helen has the business news. and a dream a lot of people thought come true -- the greek bailout odyssey finally over. helen: finally some light at the end of a very long tunnel. the end of the troika, which we seem to have been speaking about for years. that is with greece emerging from the last of its three bailout programs. that means that athens is no longer dependent on aid from the european union, european central bank, and the international monetary fund.

the loans amounted to 260 million euros. reporter: finally, no more aid packages and no funding requirements. but the last eight years have been tough greece, and brought drastic cost-cutting measures. many greeks lost their jobs and their homes. on average, income has fallen by a third, but taxes remain high. for most people, it will be a long time before the situation improveses, and somome are very skeptical about the future, like this silversmith. >> personally, for me, in the coming years, i do not see any hope. everything looks bleak to me. >> the crisis brought me and thousands of people in my position to a low point in business. my company closed, but in a dignified way, without owing money to the state or pension funds. and we can open this cafeteria and many market. -- minimarket. reporter: he hopes he can soon

gain a foothold again. many people try to fight their way through like that every of -- like that. >> even ifif we leave the bailot program, i believe we greeks will be paying for years to come. but we all hope for something better. reporter: this cautious optimism atat the european commission in brussesels -- >> this is transformative. it has laid foundations for a sustainable recovery, putting in place the fundamental conditions needed for sustained growth, for job creation, and for sound public finances in the years to come. reporter: but a non-debt remains, 350 billion euros,, and unemployment is still high. although it has dropped below 20%, it is still the highest in europe. helen: earlier, my colleague asked the frankfurt exchange

what investors have been saying about the end of the bailout. >> we can clearly say that investors have changed their mind about greece. first, they were very skeptical. now, they are giving credit to the greek government that their drastic austerity policies paid off. we have to remember the greek government established some very unpopular reforms inside of the country. the pension system, which was completely reformed. lots of cuts were in the civil service machinery. but when you look at the latest gdp figures, they are quite good, 2.3% area still, big problems remain. high unemployment is a big problem. 20% are without a job. the youth unemployment rate is even higher. there is this question because 260 billion euros which were given as a loan -- will they ever be paid back? helen: daniel cork at the frankfurt stock exchange. tesla plunged with reports that

a major backer for taking the company private bailed out. the saudi arabian sovereign wealth fund could help fund a privatization deal. they are now in talks to invest in rival lucid motors. tesla shares d dpped 3% on the news. they are down more than 20% since elon musk treated plans to weeks ago, saying he had secured funding. securities regulators probing the veracity of that and other claims. it is time to check in with our financial correspondent, sophie scimansky. it seems like investors have lost faith in elon musk. what is the latest? sophie: these have been two tough weeks. the plan was to make everything easier for tesla, to take away the pressure of being a publicly listed company, judged by quarterly earnings, short-term profits, numbers, improvements in the performance of the

automaker. for musk, it is more about the future and changing it is about the vision. it is not easy to find investors who stick with you while your company is still not making any profit at all. he wanted to go private. the people started to believe that he does not have the money to do that. the saudi arabian fund seems to be looking into a competitor, as we just heard. investors are, on top of that, concerned. he tweeted something late at night this weekend. the board seems to be thinking of a number two to help them out. barry and a huffington tweet -- - arianna huffington tweeted that he should get some sleep, and he responded aggressively. helen: we are hearing pepsi is set to take over soda stream. i hate to sound harsh on this one, but why? many people thought that soda stream was an outdated company these days. sophie: i thought the same

thing, helena. but there are major reasons for the takeover. first of all, consumers do not want to drink sugary beverages as much as they used to. and they want to live healthier. soda stream, they can basically extend their portfolio with a drink with less sugar. the second reason is, texico wants to -- pepsico wants to limit the use of bottles. soda stream bottles can be reused. helena: thank you, sophie. and it is back over to brent. brent: if you drink a lot of sugar, all that caffeine, it is hard to go to bed, right? helena: right. brent: let's go through the asian games. underway in jakarta -- you would need a lot of campaign for that. -- caffeine for that. it includes e sports, with an

expectation it will become an event at the game in four years. with competitive video gaming on the rise across the globe, one school in the indonesian capital is offering students a chance to hone their skills and classroom. while some parents may question the idea, students and the principal at one high school are convinced that this enriches their education. reporter: this is a scene that is familiar to millions, although few who look at these pick cheers will be reminded of their time in school. but video games have found their way into the classroom at this high school in jakarta, with the blessing o of the teachers. the students are offered up to 20 hours of competitive gaming a week, coached by a special tutor. it is perhaps no surprise that the principal is a team gamer himself. but it is not just for fun. he sees e sports as a useful learning tool. >> in terms of academic skills,

students can learn about math, economics, group interaction, and communication. we have decided to have an east sports program -- e-sports program because of the educational value. reporter: students discuss gaming strategies, all part of the master plan. >> we know we can make money by the coming pro players, casters, and youtubers. reporter: do students will need to train hard. the team is currently preparing for a tournanament in melbourne, and there are plans a foot to establish a leak for local schools. this year sees e sports featured as an exhibition sport in the games currently underway in jakarta. with the next generation of competitors training hard in the city, it is the perfect time for them to be here now. brent: next to sporting, and

icelandic elder who wanted something special for his birthday. he is a former weatherman in iceland and thought conquering his fear of jumping out of a plane with only a piece of cloth to slow his dissent was the perfect gift to himself, so he did just that. with a little help from a trainer. the weather was fine, the landing was fine, and he earned the moniker "95-year-old skydiver." they have got good bones in iceland. you are watching dw news. after a short break, i will be back. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org]

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