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tv   [untitled]    June 29, 2011 7:00am-7:30am EDT

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more news today carlin says once again flared up. these are the images go girl he's been seeing from the streets of canada. china or korea the day. fresh violence erupts in the greek capital as protesters trying to prevent lawmakers from entering parliament clashed with police ahead of a key vote on a new austerity plan. fears grow that unrest in syria my tribe the militant group hezbollah to move my people stored there to lebanon on threatening to stoke up further trouble in the region. and in russia there's a push for better laws or friends make their way in the world as we reveal how many are denied the state support their entitle to. the top story in business russia's
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two main bourses a ready to work its part of the government's efforts to improve russia's financial infrastructure and transform moscow and so a global financial center joins me for more on that our visit but. it's three pm in moscow this is our g coming to you live i mean he's in our way with our top story and a new round of violence has broken out in greece where protesters have been trying to prevent m.p.'s from entering parliament thousands of people are on the streets of athens venting their fury over proposed budget cuts which are to be voted on shortly wife pictures from athens you can see here protester stories from tons of garbage you can see in the streets we spoke to this being a consumer who was there in central athens she's from the country's civil servants trade union and is outside the parliament building and says no one should
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underestimate the strength and feeling among the greek people. we will continue their most draping and deal our government gets the measures end though tony our government can be the whole european union governments get the message and the message is that these politics don't get us out. the prize is we want some other politics to be held or the socialist party that governs now has lost every. everyone who voted for their possible for the socialist party they said other things before the elections and they do other things now and not only do other things all positive things but they are leading our country to catastrophe and that is something we once tolerate it's a matter of believing all of this for the people of my country you have to understand that and when the mother is leaving or there is no government can stop us either today or tomorrow or two months later they're the worst slow they are going to err to vote for in the greek parliament is
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a law that says that everything the state or one's will will pass to an enterprise which will be aired and which will have members from the troika the i.m.f. and some greek people so these enterprise a private enterprise with the troika inside it will sell everything will sell everything this country owns if we don't stop this law we won't be a state in the morning there are many many ways to sell this problem not only here in greece but in the whole european union in the whole european union these days. a capitalist i want the employees and the working class to pay for this crisis and we say no we say tax the rich people we say don't sell anything that owns this country we say that the fabric there they say we have to pay it's not our debt we didn't decide about it we didn't ask about it we didn't we didn't even have to pay for
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a five percent interest rate when the european bank their loan so our banks with one percent. just checking in on what's happening in the greek capital wife pictures here from athens you can see. police and. i police clashing with protesters lots of tear gas there are rocks being thrown earlier just an hour or so ago. thousands if not hundreds of thousands of people were on that square obviously they're being dispersed as you can see these live pictures coming out from athens and in fact it was a similar scene on the eve of the vote at least forty six people were injured when violent clashes and strife paralyze athens hundreds of thousands were again on the streets there and police also using tear gas to disperse them eighteen arrests were made we don't know how many today have been made presumably some people have been eyes attained by the security forces more and more tear gas being thrown into the
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crowds as you can see in these pictures from athens but the e.u. is demanding twenty eight billion euros worth of cuts that's the problem here that's what these protesters are angry about and that's before releasing get more funds to greece that's their deal for the country parties are for reports now that even if that does happen the money is likely to make its way and isn't likely to make its way into the pockets of these people that we can see now on the capital in the capital athens. on the streets of athens the voices of discontent the growing louder. it's a war we did not create this this tour we're going to pay for this debt we want to take out a large bug as greece continues to fight against economic ruin second day. and it can to prevent greece from deep holes in its previous lame attainments that the greek people will be seeing a penny. not a cent of this buyout money actually comes into the greek economy it all goes out
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the interest. rate payments also got his own state the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see taxis taxis. and nothing else their money does not go to very early corner me a year is struggling against hostile stares he measures a government now faces an electorate opposed to a not that bailouts or people here have been saying is. that. the european central bank and the e.u. the greeks financed the initial bailout that scene of a hundred and ten billion a year when they'll start looking at ways of continuing to purslane money towards greece come to a plan b. in fact when it comes to the choice many people now increase simply don't want to help. since it's being cool and to self interest rate try.
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to get as much as they come. out if they are going to get the. state. property. to get almost everything. and move the home of the good people they are going to in this. seem credible but first this tradition the girl oh it certainly can it's a high cost cuts in public spending a raise in taxes and an aggressive privatization program that would mean as many public assets this is robbery this is theft this is attention on the streets of athens continues to mount violent scenes witness recently disturbing testimony to just how situations deteriorated is one of the reasons that everybody is so
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determined to keep greece in the euro is so that the banks don't have to take a serious hit on their faulty lending policies and it's almost as if those are the other holy alliance of politicians of bankers versus ordinary people it's a fight that the people say they're not prepared to lose so if r.t. athens. well the economic turmoil in greece will become an early challenge for the new i.m.f. chief as we report later in the program to find out why after christine the card will have to tackle once she takes on the i.m.f. top job in just a few minutes. but first israel has deployed new missile defense systems near its border with lebanon fearing strikes from hezbollah the islamist group does not want its one time ally syrian president bashar asad to be toppled and there's also speculation it might be willing to divert western pressure away from him i want to
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attack against israel or jews because the reports now on how the delicate balance in the region could spill further out of control. things are quiet on the israel lebanon border but many suspect it's a lull before the storm everything hinges on what happens in neighboring syria and what his village decides to do with its stockpiles their. position my takeover in syria. different consumer physical laws and in the me is a through it. so forth it's the mass of the. logical thing to do all the transfer the work put in syria. including. been for years has been found an ally in syrian president bashar assad and so it's no surprise they want him to stay in power but if he goes and those who pressurising him to do so would do well to remember this the regional impact could
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be terrifying syria libya is part of an alliance and that alliance is very wide it begins in iran some elements in iraq's government are part of the syrian regime hezbollah in lebanon are hamas in gaza western intelligence reports suggest hizbullah has already started moving some of its advanced weaponry from its warehouses in syria to its forces in lebanon for fear that assad will be toppled but getting rid of him is one thing dealing with the consequences quite another to the situation in syria. injurious book collapse of syrian government. group. that could include a new war between lebanon and israel already the weapons hizbullah has in its position are able to strike almost any corner of the jewish state the new stockpiles in lebanon would only aggravate an already tense situation as far as we know hizbullah has now accumulated thought the five thousand missiles of the three
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interests. there is one of the old guard of them that in fact the range goes beyond three hundred and holds three hundred fifty kilometers which according to them at least they can reach the whole of israel and the souls of the other which is something israelis know these missiles originated in syria they found their way to lebanon and they were fired by hizbollah onto the jewish state back in two thousand and six this museum was set up about a decade ago so that the idea could display weapons ammunition and items it had captured from israel's enemies underground and almost administrate the lebanese palestinian and his bill of flags flying on the israeli border the message is clear here new countries immune to what happens to its neighbor and it won't take much to turn the region's precarious peace into all out war policy r.t. israel. israel is also readying itself for trouble on the other side of the country
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as the new humanitarian flight tiller is preparing to sell for gaza the israeli military is saying it will block any attempt to breach its sea blockade of the palestinian territory that's the focus of debate in the latest edition of cross talk coming up in about twenty minutes. there is a chance that they are carrying weapons that they are carrying terrorists we saw that in last year's flotilla there were armed mercenaries aboard the gods and your ship mavi marmara which limits trying to try city into israeli soldiers is that this is really holding the hands along the silly because of their concerns in front of the same district and it's you know this is going to say these journeys that these rules. the roost has vowed to repay its debts for russia the trust of the minsk missed its
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payment to overnight and moscow is now cut off the electrical supply to the country that loose and suffering one of its worst economic crisis with prices rising and the currency plummeting are to some thomas has more bible roots is struggling to pay its bills. people are panicking making a run on the banks and making a run out of any types of goods if they can let me give you a little bit of a hint of the situation on the ground right now nikolai a small profit with the economic minister in the country at a press conference today in minsk said that he is sorry that he did not shoot himself and that he feels personally responsible for the current economic crisis inside the country now these could be comments that are charged to her if you will or made off the cuff but still for someone of that stature to be saying that such a thing is very troubling to say the least well on the ground inside the country people are going to try and exchange their roubles the russian rubles for russian
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balls or u.s. dollars but there are no dollars to be found inside the country so they're coming up empty handed the currency itself as a devalued just such an extent that it's pretty much worthless there's a couple of instances where people are fighting over good to try to get what they can also try to drivers are saying that it costs more for gas than it does for the fares that they're receiving well all of this of course is coming after the election december where leadership killed one with a significant percentage of the vote too much in fact the international community is saying that it was staged that it was a fraudulent election now before this election in a move that was considered to be populist with a shingle raising the general minimum wage of the country fifty percent and for government employees are saying it's this move that speculators say is what the value of the currency on such a level of our fellows has tried to go to the i.m.f. then back in may at the end of may they went and started the process to try and get a loan they were only asking for about three billion dollars but experts are saying
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that it's going to take between seven and ten billion u.s. dollars to bring some sort of normalcy inside the country so right now. very bad situation inside belarus. whether to give the that loan to go the route that song mentioned is likely to be decided by the new. head of the international monetary fund french finance minister christine lagarde she's due officially started to roll next week and she might have won overwhelming support in the i.m.f. but many analysts think another european means more favorable treatment for some countries over others aren't going to count reports. christine lagarde appointment keeps a european at the head of the world's top lender keeping the long held tradition in tact and in a debt crisis having one of its own chairing the international monetary fund could be more important than ever for europe seeing. intimate knowledge of those mechanisms of the european community and the eurozone of its many leaders
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can help the guard's main competitor was augustine carstens from mexico who argued her point mind would only add to the perception of i.m.f. by its there could be some conflict to fame through i'm going to be mildly mean borel of the institution will be a rule europe or so will have its inflation were they war or stormin eighteen. emerging economies engine of global growth in recent years are vastly under represented in the organization with the us and europe holding half of the votes and veto power carson said he knew he had lost even before he announced he was running the pulling myself i mean it's like starting a soccer game will play five to see who will score an away suggest i am of bias has had a negative effect on the world economy and they would use their monopoly over. and
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force certain policies. on countries. policies there were no national interest the i.m.f. lends money monitors the global economy and in theory at least prevents crises its credibility has been shattered by the financial collapse in the advanced economies which it definitely did not spot they missed it too big it biggest asset bubbles in the history of the world and the i.m.f. you know which publishes its world economic outlook every six months and is really in charge of monitoring these kinds of things just completely i think they didn't want to go against all their friends on wall street and others there were making a fortune at the time some experts see the intimacy between the i.m.f. and u.s. corporations as a matter of concern all of the big decisions that are. by the us treasury department then you had of the i.m.f. he's more than familiar with the u.s.
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corporate world for years she worked at a major american law firm representing the interests of big business and is a member of the u.s. poland defense industry working group a divest the interests of aviation giants like boeing and lockheed martin helping them to seal multibillion dollar deals the u.s. and europe found first seem like are the best fit for the job so did several emerging markets including russia and china but she faces the difficult task of appearing independent despite her past ties and will struggle not to cement the roots further the perception that the i.m.f. exists only for the benefit of its creditors i'm going to shut down reporting from washington our team. as well on our website are to dot com you can have your say on what the appointment of christine legarde will bring let's take a look at how you've been voting so far the majority of you think that the new i.m.f. chief will be a puppet controlled by the interest of global corporate interests now if third are the view that the organization will be exploiting con unease and deepening the
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prices and others are split over two options either the move will help change the world's financial system or it will set a new independent course for the i.m.f. get involved log on to our g dot com and have your say. and look now at some world news in brief for you this hour at least ten people are reported killed and eight wounded in a suicide and gun attack on a hotel in the afghan capital kabul reports say militants wearing civilian clothes burst into the intercontinental or gassed for having dinner at least one militant we were himself up and several others took positions on the roof after a shootout with police before our standoff with ended by an airstrike from a nato helicopter and taliban has claimed responsibility for the attack. has been fresh on grass to cairo where at least fifty protesters have been injured in class . as with police dozens were also injured on tuesday as hundreds of protesters took
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first to the interior ministry and then shifted to for here's where the epicenter of course of the revolution in february protesters are angry about the slow process of prosecuting security officers accused of causing the deaths and more than eight hundred people during the uprising that toppled hosni mubarak. the other guys are often blighted by a troubled childhood but russian orphans are finding that their problems are often extended into adulthood too they're entitled to free housing from the government once they leave their care home but it's clear over reports many of them aren't getting the support they need. dark and dilapidations this one looks more like a prime candidate for demolition and a family home but it's twenty two year old mother of two lena has been told by social services that she's still here. perhaps they haven't seen this place inside they keep telling us true parents have hope elite here they showed me
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a paper on how to build a house i told them that i had no phones i had no job i had to take care of kids and they ended up brain to place they said it's not our problem alina grew up in an orphanage in the city of career under russian law she should have received state housing once she left the institution and this flat was given to lean as a mother by the state and despite having no money she's been told. but in this situation it's a little desperate they didn't give me work because i don't have a confession for them i don't exist perhaps hanging myself would be the best thing to do. without even the most basic of a minute east there's no way that lena can live here however here is exactly where this origins of told her that she should bring up children lena's case isn't unusual those who work with all friends in russia say that it's when they leave the care homes that they need the most help the problem is orphans are killed and
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smaller you know when they're little and everybody loves to help them when they're small but presents and it's santa claus. whereas in actual fact they've got bigger needs but they get bigger and that's really where we need to be standing is that the housing is one of those needs were orphans leaving care it's also in short supply and there's a watch list already and if we need certain calculations for one region and found out that if a child is number ten thousand in the queue for housing it would take them some three and a half thousand years to actually get a flat how can they live like this they're not pharaohs you know you can't bring them back from the dead and give them an apartment you're currently only administrative penalties can be imposed on anyone standing in the way of leaving care housing alexander gears a lot of form often himself as a campaigner for all things rights he wants to see the courts more involved he will
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have the came a third and we need to change the law in a way to make sure that someone can be held responsible in court in this case the orphanage will make sure that there is no way a graduating orphan would have to go and live in a rundown home and a change in the law might help people in the future but lena and find a solution right now. you know. them all the mothers and even homes to raise their children why can't i have that isn't because i don't know the rules or because i'm not allowed to live because it's forbidden for me to have a family some people are trying to help me but so far their efforts have been in vain. very cheap. but after a recap of our top stories in a few minutes up next business with courage.
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they're welcome to business here or not see thanks for joining me the rivalry of the two russian stock exchanges is over the must have put the final seal of approval on their merger and that's a big part of a government effort to improve russia's financial infrastructure and start to transform moscow into a global financial center now let's cross live to marina calls for the latest so you know one of this new borstar working. full of the people who work might have been signed today but that's a bourses still need to get approval from the government and the shareholders and that's expected to happen in all grace go good until the ready but in september the managers of both forces will start working together as a team to come up with
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a plan for the near future not the combined value of the bourses flew point eight billion dollars and i.p.o. is one floor twenty thirteen now russia obviously has big plans for this merger they hope that it will boost liquidity on the market and create as solid centralized and dignified infrastructure which will attract more foreign investors but of course there are financial experts who say that this could lead to a mono police bush could affect the cost of doing business here they say that less competition means less innovation but there are other experts who say that this will go a long way in helping the government's plans in establishing mosco as a global financial center of course only time will tell what will happen but we'll be waiting for that final seal of approval from all sides and of course saw a new name for their brand you saw the exchange. going across for reporting on the r.c.s. and my six merger now let's take a look at how the russian market for reform now both forces the trading in the
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black sea has added over a percentage point seven percent higher now let's have a look at some individual travel some of my six energy mages among the name game has has or rebounded from a form of flow across nafta is up one point. three percent in the mining sector metro is also gaining the company has almost quadrupled its net profit in the first quarter of the year reaching three hundred nine million dollars that's above previous expectations banking stocks are also seen with the t.v. out two and a half percent the start. let's cross over to europe where markets rally ahead of a key vote and the greek parliament on additional austerity measures later in the session banking shares post wrong gains with congress back up over three percent in germany in german trading one of the top again as on the dax barclay's is gaining over four percent on the ford c. so is mine or the full cost of. bread crude steadied on wednesday near one hundred nine dollars
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a barrel on growing optimism that the debt crisis in greece will be resolved avoiding a contagion in europe like sweets is trading at around ninety three dollars but about. russian president dmitry medvedev has outlined budget guidelines for the next two years top of the list is increasing the tax burden on the gas industry that will go party towards reducing the shortfall from the lower social dynamics the selling of state assets and revenues from oil and gas will also be used to make up the deficit president medvedev supported increasing alcohol and tobacco excise as the government wants to lessen the negative social impact of their consumption and i also like good news for russian pensioners their average income will increase part eleven percent next year. american g.e. money back has denied it plans to close its business and russia newspaper reports suggested parent company general electric was getting out as a condition of state bailout. we haven't announced anything and maybe those rumors
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in the market what i mean we look at the portfolio of businesses throughout the globe we look at what we're looking at it will show and for us in role should infrastructure business is a we're going to be focusing on the gene money we're very happy with the bank we're very happy with the school filaments and we currently have no no plans to divest of it. and that's all from me here on business i'm seeing torn between again when less than forty minutes from now with more.
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of the book. the. period. the book. jumps the official t.m.p. cation. called touch from the queue.

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