tv [untitled] June 29, 2011 11:00am-11:30am EDT
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gold new gold you know the chills and to those vets you will see it still just those ski lift you can see it on this column if you visit the you. range of rocks on the streets of athens just minutes after the greek parliament approves more austerity cuts paving the way for billions more in a new bell out couch. series on ras threats to spread across the middle east israel is concerned that his dog is moving weapons from lebannon just in case president assad is overthrown. and or printed russian continue to struggle in adulthood a lack of government provided housing in some have to live in rundown homes with little help. also in business as greece approves new austerity measures russia
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along with other markets was rallying on wednesday with the obvious and they got one percent of a cent more and that's in our business woes on twenty minutes. at seven pm in moscow this is r g coming to you by now with our top story this hour the greek government has voted in favor of a new round of austerity comp securing the next multibillion installment of cash from the e.u. and staving off a default but furious protesters have reacted violently to the vote with battles between police and demonstrators continuing just meters from parliament all scenes from downtown athens resemble a war zone as protesters fight with riot squads amidst all these of tear gas hundreds of thousands of people nationwide walked off their jobs for a two day strike against the austerity cuts they say drowning. the country and debt
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at crippling interest rates that's how long and it will fall again they are worried reports asked pointing violence and constitution square with thousands reported injured or detained by police financial journalists to me not. protest believes that the public's rage at being made scapegoats is only just beginning it's only just beginning to manifest the. special police forces of basically tear gas the entire area they've been tear gassing all day you can hear right now going off but they just continue to tear gas the to the square itself and all around the surrounding areas they have police in the surrounding streets just tear gas and continue to tear gas all day long spraying the area so that people can't come in from the top when i actually was coming in into a hotel for the interview i came about seven hundred meters away i was my eyes were already being to tear up so it's impossible to be outside without any any mask or any kind of moloch solution or anything like that and yet people are continuing in fact to protest as we speak. now the parliament has approved these cuts what's next
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for greece as you see it are people going to continue to fight this. yeah i mean absolutely absolutely nothing has changed but she's only getting worse and people are getting angry you know to be very honest if you i think i might experience has been being in a number of these rallies of the day and night and experiencing this violence firsthand i would tell you that first and foremost there's just a rage there's an anger and that is what you're seeing manifest here there isn't necessarily a spark a common a common sense or some sort of strategy that's the way you're seeing implemented right now it's rather a lot of rage and one of the things that i've noticed now is that whereas before it was just anarchists and just provide tours but at night last night a lot of middle class people normal people men and women of any age group were outside protesting i'm not saying that they were specifically the ones throwing rocks but they were supporting it so this is not something that's just a fringe part of the society be entire side of the vast majority of people are against these measures so i don't see anything changing whatsoever there's no way discover mccain. and that sort of violence i mean it's already escalating now and
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they seem to be completely indifferent to this reality i just want to talk a little bit more about the financial side of this within five years greece will have paid more interest in fees than the sum of the bow combined how can the greek economy possibly grow under such stress what is the government telling the people. that care possibly grow i ordered it telling the people that own people the same the same pack of lies that you'd expect anyone to tell us in these measures what we could you possibly expect. you can't you can't expect any truth i mean the government is under an extreme amount of pressure from the troika and they're also working for what other other other interest they're interested in but primarily they're under a great deal of pressure from the e.u. and the i.m.f. to pass these measures these are clearly unpopular measures by everyone in the society not just people in the public sector i've made that point before these are these are starting measures include privatizations that are liquidations of corporate. and national wealth and resources these measures are seen as an affront
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to the greek nation which is what they are and we've seen this before as is the thing you hear something like greeks have to stretch back into deep history to figure this out we can look at latin american we can look at countries all over the world where the i miss come in and sacrifice and plunder the nation for corporate consolidation and that's what this is and greek people are smart they're not stupid and they understand that. as to me there was saying one of the main grievances held by the protesters is that they're being made to pay for the mistakes of others most of them believe they'll never see a penny that will saddle generations that. on the streets of athens the voices of discontent a growing louder. it's a war we did not create this tour and are going to pay for this because we want to be called large by its creed continues to fight against economic ruin the second bailout. and it can't prevent greece from defaulting on its previous leymah payments but the greek people will be seeing
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a penny. of this money actually comes into the greek economy it all goes out the interest payments and repayments plus a battle zone save 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 taxes taxes taxes and nothing else very money does not go very early quote i mean here is struggling against heart of sterett he measures government now hated an electorate opposed to another bailouts they are going to get all this the. state i mean very proper. they are going to get almost everything people. want off the good people they are going to get in this in this. belo it's certainly come it's a high cost cuts in public spending raising taxes and in the quest of privatization
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program it would mean so many quick public assets this is robbery this is theft this is tension on the streets of athens continues to mount violent scenes witness recently disturbing testimony to just how our situations deteriorated and one of the reasons that everybody is so 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 it was almost as if because i was on the holy alarms. of politicians and bankers vs ordinary people it's a fight that the people say they're not prepared to. see athens. well the grim economic situation in greece will be high i'm going to do this for the new head of the international monetary fund france's finance minister christine legarde for analysis what to expect from her we're now joined live by daniel
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berlant veteran financial journalist editor at strategy magazine thanks for being with us what's your take on this can we expect miracles from the new i.m.f. head will she find a way to finally pull greece and other economies like it straight out of this crisis. i'm afraid not i wish there was an easy way to do it but i don't think that will happen i think what we're likely to see from christine lagarde is more of the third which is the i.m.f. trying to stabilize probably the short cut short deals but really the fundamental problems with the global economy. states are the chief clients of the world's top lender and the guard appears to cement european dominance obviously if the i.m.f. simply a self-serving institution. i wouldn't exactly call it self-serving i think it serves the interests of the western powers so not just europe i mean clearly
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europe has always had the head of the i.m.f. and continues to do so but the start of deal with the with america's america has the chief role in the world bank. but i think also it's a particular kind of technocratic institution in other words it's always trying to find technical solutions short term deals to stabilize the situation rather than talk of the fundamental problems facing the euro or the world economy but that's only a pawn in mexican from the mexican central bank promise to give more influence to developing nations emerging economies yet you don't even have the support of some of those very nations why did he make it. what it inferred although christine legarde has just been formally announced as the new head of the i.m.f. i think their decision was really made weeks and weeks ago the deal was cart between the big european players and america to make christine lagarde the head of
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the when you have the i.m.f. what we've seen over the last few weeks is not more of a p.r. campaign to say yes of course we care a bit about the emerging economies but are not so much that they could have a head of the i.m.f. so i think something has changed i think they are becoming more influential but it's still dominated by western powers do you think that will ever change that we could ever see a leader from an emerging economy or not the world's richest nations lead an institution like the i.m.f. . i think it could change possibly but i think even if. costin's had won this time i don't think it would change things that fundamentally because the problem of the i.m.f. is not just that it's headed by a european so much more fundamentally that it's a very short term narrow technocratic institution. to solve a lot of the problems facing the world economy we need political solutions with politicians can produce democratically elected politicians but we don't have to we
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have them because he was once but with each just briefly if you think we could ever see emerging economies form a sort of i.m.f. of their own. you know again i think that's a possibility. it's not just a question of where the head of the i.m.f. comes from or where the regional organization who represents what car and a car look it has what kind of a fusion it is. daniel ben i mean financial journalist and editor of the front strategy magazine thank you very much thank you. plenty ahead for you this hour including our team meeting our multi-talented nasa astronaut cady coleman became famous for her orbital fluke performance on a five month long expedition to the i.s.f. find out how hard it is to play in zero gravity. the first israel's military is on edge after intelligence reports of troop movements in syria and across the border in lebanon it's concerned hezbollah might be moving weapons
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to strike at the jewish state to divert attention from its ally syrian president bashar al asad paulus leader takes a look now at how the situation in the region threatens to spin further 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 hizbollah decides to do with its stockpiles their. position my take over in syria. differently. is belies an enemy is a separate. it's the nass of the. logical thing to transfer the weapon putting syria. in. lebanon for years hizbollah 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
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pressurising him to do so would do well to remember this the regional impact could be terrifying syria are like libya is part of an alliance and that iran's is very wide it begins in iran. elements in iraq's government are part of a syrian regime hezbollah and lebanon are how martin western intelligence reports suggest has been or 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. world's i'll arrange a truce collapse a government. group. and israelis fear a new war in the region even if the syrian regime stays tell of it reportedly sent a message to president assad warning him that if you start a war with israel in order to divert attention from domestic problems israel would
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target him personally but such a war would also play into the hands of his below as far as you know hizbullah has now it collated thought the five thousand missiles of history interests. there is one of the old guard of them that in fact the range goes beyond three hundred and that was three hundred fifty kilometers which according to them at least they can reach the whole of the israel and the souls of the country which is something israelis know these missiles originated in syria they found their way to lebanon and they were fired by hizbollah onto the three stage 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 that are captured from israel's enemies on the ground and almost administrate the lebanese tellus genuine and hizbollah flags flying on israeli border the message is clear here new countries immune to what happens to its neighbor and it won't take much to
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turn the region's precarious peace into all out war policy r.t. israel. well another problem facing israel is how to deal with the latest aid flotilla bound for blockaded gaza artist peter lavelle and his gas debate the true nature of the mission as opposed to state israeli palestinian relations the full show is coming up for you in fifteen minutes here on our team. france has become the first contrary to openly admit it has supplied the libyan rebels with weapons a french military spokesman said the arms including machine including machine guns and rocket propelled grenades were parachuted in by air to boost his troubles the mall in washington the senate foreign relations committee has finally authorized american involvement in libya something president obama was strongly pushing for the resolution gives approval for u.s. warplanes and unmanned drones to continue limited strikes for one year for biz the deployment of ground troops which is a process
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a professor of international studies at trinity college in hartford says the authorization is yet another. you know. to me you know always going to begin the story you enter to do so within a few hours of the war beginning with the french and american striking libya if they had already been through terms of the u.n. resolution and oh it looks like libya is simply being played between a hundred days of work there are twenty four thousand sorties you know there's a very gradually being kind of bleeding over libya to the extent where. and then defected most of. libya is being made into what he calls giants so while you know the united states president has not over the last twenty years come to congress to seek what their eyes asian for a war been very poorly defined went before congress the same thing you know
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if the united states properly go to war in afghanistan then it may not be. about the legality for instance of dealing with some of the load in. we get more news and stuart news stories and features on our web page has the latest interviews and analysis here is what's there for you at the moment director michael known for his work in the chronicles of narnia and a blockbuster start to discuss what makes a good movie. was the only crew member to survive a plane crash that killed forty seven people in northwest russia last week explained how she knew it was not. the crew that returned from the international space station last month have been holding their traditional meeting at russia's star city outside moscow archies dumbarton went along as well to meet up with flight engineer cady coleman who became famous for what first somewhat
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unique performance on the station. the six months know it experiments you've been playing your flute through living and working up. you know back here on earth i just want to ask you about some of the everyday things that you have to cope with so actually flutes from anderson. and also from the band the chieftains two hundred year old irishman and also a ten whistle and then and then once you get up there you want to share this and mr anderson came up with this a way to play a duet together it's been very popular across the world we'll just have a quick listen to work so that recording of us would. tell us a bit more about how you sort it out just the everyday things that we try and sometimes i say the biggest inconvenience of not having gravity is that everything
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floats and i can be nice i mean i can move a thousand pound rock of equipment by myself and push it across the space station and put it in a new place and it up floating around part it's not floating it's life and somebody like me that was never the gymnastic queen and you know high school can do all of those things and more and it's just really wonderful to fly. let's check out some other international headlines for you this hour at least eight civilians three policemen have been reportedly killed in a suicide going to attack on a hotel in the afghan capital kabul reports say militants wearing civilian clothes burst into the intercontinental on gas were having dinner at least one militant blew himself up and several others took positions on the roof after a shootout with police a four hour standoff was ended by an airstrike from a nato helicopter the taliban has claimed responsibility for the attack.
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over a thousand people took part in taiwanese military drills to simulate potential nuclear and biological attacks the country's military police and fire fighters also reenacted a hostage situation on a bus in a biological attack on board a ship government officials say the drills are aimed at improving the response to unconventional work. russian orphans face a tough childhood but being an adult can be even worse the government legally has to provide housing for anyone leaving care but as peter all over reports that often doesn't happen. and the operations. this plan looks more like a prime candidate for demolition and a family home births twenty two year old mother of two lena has been told by social services that she's stuck here. perhaps they haven't seen this place inside they keep telling us true parents somehow believe here they showed me 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
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and i ended up renting a place they said it's not our problem lena grew up in an orphanage in the city of today under russian law she should have received state housing once she left the institution. was given saline as a mother by the state and despite having no money she's been told. but. the situation is absolutely desperate to give me work because i don't have a profession i don't exist perhaps hanging myself would be the best thing to do. without even the most basic of a mean it's nice there's no way that from coming here however here is exactly where this origins of told her that she should bring up her children lena's case isn't unusual those who were quite often is in russia say that it's when they leave because their homes that they need the most help the problem isn't orphans our kids
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are of smaller you know when they're little and everybody loves to help them with this but presents some things. whereas in actual fact that the big money but they get bigger and that's really where we need to be standing beside them housing is one of those big in need for all things leaving care it's also in short supply and. we need certain calculations for one region and found out that if a child is number ten thousand in a queue for housing it would take them some three and a half thousand years to actually get a flat or how to live like this they're not pharaohs you know. bring them back from the dead and give them an apartment what's your currently only administrative penalties can be imposed on anyone standing in the way of those leaving care housing alexander gears a long form all for himself as a campaigner for often for rights he wants to see the courts more involved in the water that came out so we need to change the law in a way to make sure that someone can be held responsible in court in this case the
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orphanage will make sure that there is no way a graduating orphan would have to go and live in a rundown home. a change in the law might help people in the future but alina find a solution right now. you're going to ask them why all the mothers are given hames to raise their children why can't i have that isn't because i don't know the laws or because they're not allowed to live because it's forbidden for me to have family and some people are trying to help me but so far their efforts have been in vain. peter all of a. very cheap. and that wraps up i'm a news partner in r.t. business is next after a short break. the
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warm welcome. of the banker he was already of the to russian stock exchanges. have the final seal of approval on a big part of the government's efforts to improve russia's financial infrastructure and transform the global financial center as the cost of. cell lines sealed and delivered to our now one and itself the beginning of a bright new feature for russian markets that the only means the end of fifteen years of better competition between our two yes and my sense we can actually get through. the year. market for you with the market. at the places we've heard the reaction to the idea is to make most gold more attractive to investors to boost liquidity on the market and create
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a solid centralized get the buy the infrastructure which will attract more foreigners. so it's going to be a technically reliable platform which will make it easier for investors to access. will have more influence over decisions making the market more comfortable for international investors. your critics say that one exchange could lead someone locally which could affect the cost of doing business overall so they say that less competition could mean less and that they should at the same time other experts say that this is a long way in helping the government in the stagnation moscow as a global financial center while the bourse which doesn't have a name yet it is expected to be up around him by the end of this year and i.p.o. is planned for twenty third scene worth about one billion dollars. the markets now european markets are up falling greece's approval for seriously measures banking shares are posting strong gains commerzbank all the top gain is one of three
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percent now german trading. one of the top gives a mention on the backs barclays is also gaining around four percent in london as online this rally continues on the us markets on the optimism about the reduced risk of greece's the four financials in the lead with bank of america three point two percent and also up reason of the situation here in russia as the closing picture for wednesday's trade of course is in the black r.t.s. one percent my six possible cents if we look at the main gainers then yet again banks are in the lead v.t. be there are more than four percent soros near energy shares also higher on the high crude one percent met shell actually in the mining sector while seeing a lot of selling the stock is that as low as the more than a month and that's despite the company almost quadrupling its net profit in the first quarter of the year we should three hundred and nine million dollars. russian president dmitry medvedev has outlined budget guidelines for the next two
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years and the say it's quite an unusual speech for pre-election period because he has outlined tax increases the burden will grow for the gas industry makes me. feel it is tried many many times to approach the issue of increasing the tax burden or for example you choose for export gas and it looks like finally the decision has been made yes the increase will be expected to be ruled to be significant if getting a dog who was in our studio early on i'll go partly towards reducing shortfall from a lower social tax and quite good news for investors and a lot of sense from africa. part of the social costs to the low of thirty percent who watch companies twenty percent of small companies are. trading is wrong four hundred a year. so overall this is ro the listener think of course this will suggest that
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if prices will go higher russia will still do well but there is this will definitely increase a sense it was at all prices so this is a bad news but i think bush says his decision definitely. would like to address the concerns of the business community and this is a source of stop. the selling of state assets and revenues from oil and gas will also be used to make up for the deficit for the better supported increase now the whole into back or excise as the government wants to lessen the negative social impact of their consumption. so for now we will be back in fifteen minutes with an update coming up next what are your headlines that these.
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