tv [untitled] September 6, 2011 11:01am-11:31am EDT
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standoff for the e.u. however sanctions are the solution that's art is daniel bushell explains their slow introduction could backfire. william hague britain's foreign secretary says horrific scenes of brutality have forced this oil burning in syria but bizarrely sanctions were in store for over a month. but they will kick in only when european world firms complete their supply contracts which. and oil fields developed by e.u. energy giants like french to toll on being touched from magnetic or point of view because that sanctions would start. to go on with reduction of oil as a result the e.u. may end up subsidizing the regime they oppose the oil industry can use sixty day payment which means the e.u. could still be funding. into next year if a list of crimes the horrific critics also why the e.u. is putting profit above syrian lives. diplomats warn sanctions won't even hit the
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mark they hurt ordinary people not the leadership they claim to target and most importantly europe's oil companies have to be on the shoulders of the syrian people while their companies out of protective the e.u. is also hurting itself think exposed as damascus will simply shifts a ploy to the competition if you look at syria. already the chinese authorities have said that they would buy any they can be you officials hope new stocks of the black gold from libya would take up the slack but they may be disappointed will not start being very productive until maybe the end of next year and if they were an embargo on syrian oil today of course they would be short. with the war against colonel gadhafi taking much longer than the west expected maybe cutting off one supply before a secure. the u.n.
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estimates the number of people killed in syria to be over two thousand since the uprising in march and many are pinning the blame on the government but analysts in neighboring jordan believe the opposition is a wolf in sheep's clothing. there's two thousand people. sort of the same but these two solve them maybe there are incentives or some of them are but remember there is also one thousand soldier was killed in syria so these one thousand soldiers are impossible that they have been killed by by peaceful demonstration definitely have been demonstrations in syria was. peaceful in many a sense because otherwise how could. that one thousand. policemen have been killed during these five months yes that is the mistrust from both sides but we have the current situation and we should sit on the table and negotiate
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because there is no other solution. to come this hour the manhunt in libya kicks into high gear for the rebels now accused of being too keen to target alleged gadhafi loyalists and relatives up innocent foreigners in the process. and that is human rights watchdog urges countries who have allegedly been hosting secret cia prisons to investigate claims of serious violations. at least the biggest trade union is vowing that up to a million it will march against the harsh new austerity package being debated in rome italy's teetering over its massive debts and as one of europe's biggest economies its troubles threaten to destabilize the eurozone and spur a move financial crisis for the removal of several controversial provisions such as a temporary tax on the wealthy markets into a spin and rumors of an imminent credit rating downgrade all across the area only and see efforts to further rescue the greek economy took a hit after athens admitted it won't be able to meet deficit reduction deadlines
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well for more on how this bodes for the euro zone's future is fabio demasi a finance expert from germany sluff this party the big spot day thanks very much for joining us mr demasi the italian governments all but agreed on these latest cards do you think they'll be enough to prevent the country from going under. no certainly not. someone that tries this is just an offspring off the economic and financial crisis and while the government lets the majority of the people pay this will certainly lead to a new creche so in my opinion there is no solution to the current crisis in the euro zone without letting. just to give you an example in germany we have a public debt of two trillion euros but we have a private net wealth of eight billion. trillion euros so it's for time the public you can't solve these problems without taxing rich people ok to talk about germany
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in a while but just one more question of italy there are rumors that the country is facing a credit rating downgrade all considering europe right now how harmful would an italian downgrade be. telling downgrading would be. a huge blow to the euro zone because italy's not greece you know greece just represents two percent of g.d.p. but it will be the biggest economy in the euro zone it would certainly be your own ok you were mentioning earlier about the deficit in a germany now a german court will also decide tomorrow whether the bailouts are legal what do you think they will decide i think. i think we have a very grave situation right now. it's not only more the parliament which is deciding upon the budget of the financial markets and this is unacceptable so i think
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there's a very legitimate reason for that case but quite skeptical whether the the judge of will will. rule in favor of the compliance because if if the if the. greek bailout is not not legal this would be the end of her and government and i don't think they will do this so if they don't do that you think the german public will still be shouldering the bailout in the future then yes sure i mean basically what we are seeing as i said at the beginning the current crisis of the euro zone is an offspring of the economic crisis which has been caused by the financial markets by the banks and currently what the government is trying to do this they try to let the majority of the people pay the bill of the crisis and this is not working you can't run an economy against a majority of the population and we saw the consequences in greece we saw in greece
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the g.d.p. shrank by nearly five percent that's where rising not falling and so i think there's no solution you have first of all to decouple from the financial markets it's not any longer possible that banks borrowed one point five percent at u.c.b. and then. lend the very high rates to the states so that even making money with public that and suddenly you have to tax rich people if you want to bring the house in order and just say you're mentioning what public opinion on all of this but there is a discrepancy isn't there from what the public thinks and what the governments think we just how far do you think the e.u. will go to save the euro right now is it in too deep is it a case of we've spent too much to quit now. i think it's a very critical situation what the government is trying to do now is to establish a core europe with from so they try to get the last democratic institutions
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and to have a form of central governance in order to to be able to expand their role as a global trading power but i think this won't work because people are fed up in the member states and i. see a very high chance of the government the government falling in germany over this which definitely would be what would would even increase financial panic no doubt and it's not just the germany isn't it the french economy is not looking too good as well i mean the government's pushing its on a steady cuts not just very briefly how long can germany and france remain the pillars of the euro zone i think as i said there are two basic steps which must be taken first of all we have to decouple public finance from the financial markets so if for example germany and france would support. our claim
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that the use of the should directly find finance this country has a very low interest rates and second of all we would start to tax the wealthy through out of the population and we would. take the money where it is. at the financial markets in the portfolios of buying then we would have a chance to resolve this crisis but going on like this won't work definitely and so i believe even germany and france will have a few problems in the near future all right thank you very much for your foster father had a massive financial expert from the a leftist league spot take party thank you. thank you very much. well things are a little better across in a spain which also faces protests after its parliament bowed to pressure and voted to amend the constitution to limit national debt while the senate is voting today but unions and rights groups val to fight it saying the death cap with decimate the
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welfare system and hurt the most vulnerable. ports now the country's predicament is the leading some to take matters into their own hands. this was the last time i got him and had guests over at her house just a day after our team to visit she along with her fourteen year old son was evicted from the subsidized flat she called home for five years maybe that i was fifteen days late with a payment i paid five hundred twenty four year zero and they still want to affect me even though i paid everything and it was months ago since then marie carmen has spent most of her time fighting to keep her apartment calm and collected but the pressure of losing a roof over her head a car meant to suffer a heart attack. these apartments should be distributed in such a way that people can afford to pay for them but a lot of times they can't and i'm going to fight to make this type of housing more affordable. than many carmen's case is not unique in spain the country's an
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employment rate of over twenty percent means many people are simply unable to make their next mortgage payments in the past two years more than three hundred thousand people have been evicted from their homes as a result of spain's financial crisis this is where members of the fifteen m. movement come in. according to the international human rights convention every person has a right to decent housing in the inevitable they have to make sure these people are not going to go homeless because you just can't kick them out on the street. they're going to zation is known as the indignados or the outraged they staged protests by homes of those who are be effected hoping to prevent court plaintiffs and the police from entering sometimes they succeed like with this woman who kept her house because fifteen m. interfered with either action process and these are subsidized housing people who are in tough situations financially so i can't understand how they can evict people
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who cannot afford to buy their own homes the bills so far fifteen m. have managed to stop fifty vixens across the country. unfortunately for mary carmen and her son. every victim is a human and the people gathered here believe they are fighting social injustice but some wonder with the efforts of this group of people are enough to solve the problems within this better system itself in madrid. well a few minutes from now the fast fading friendship circles relations with israel saying to a new low r.t. here is how it impacts palestinians hopes of getting recognition. now in libya rebels are detaining oil engineers and cooks from former soviet countries suspecting them of being a pro get off the snipers all too russians were later released along with a ukrainian couple after they managed to contact the russian embassy but more than
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a dozen ukrainians are still being held all artes money if an is a tripoli with more. well as far as we know thirty two people including two owners of the russian passport and also better russian and ukrainian citizens apparently working for the russian libyan oil company here in tripoli engineers and coupes men and women have been arrested here in tripoli shortly after the rebels took the libyan capital and have been put into one of the rebels' training center here in the capital after they've been accused of been snipers of khadafi we have been able to speak to the detainees and they deny all allegations because of additional for some reason the finger of slavic people are snipers we have nothing to do with that we came here to earn money peacefully that these people say that they've been provided with food and water but some of them have been severely beaten and tortured by the rebels the russian embassy has actually managed to release two owners of the russian passport and ukrainian couple but around twenty other
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ukrainians us to been held by the rebels here in tripoli this group of the ukrainian embassy refused to take them they said they don't have running water they said that they don't have proper accommodation. they would be better to stay and give syria see. what the latest what we are hearing from bani walid southeast of the capital tripoli where the fighting over his last and main strongholds has been continuing in the last few days is that the rabble forces have reportedly reached a deal with the conductor's loyalists on the ground to and to the city without fighting this information is yet to be confirmed but if the research deal if the research agreement between the rebel forces and gadhafi forces in belo will lead that that actually would mean a breakthrough and we also receiving reports that scores of the libyan army's vehicles have reportedly crossed the frontier border into niger and many believe
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that gadhafi himself could also be in monday and could also. have fled the country we are receiving these reports just hours after gadhafi information has claimed that the colonel is in the country and has no plans to leave it any time soon all middle east analysts rosemary hollis from london city university believes the war in libya could fuel british and french appetites for new interventions and she explains that r.t. in the next hour. cameraman tacos he took in a massive gamble that they could pull something off in libya. that would contrast with the disaster that was the intervention in iraq and you know hope presidents are talking as though this is a template for future interventions this is very much a kind of proxy war which must be extremely exciting and exhilarating at some level to be involved so the appetite for further interventions will exist.
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the council of europe's legal committee is to look closer into swiss claims that fourteen european countries allegedly allowed the cia to operate secret prisons on their soil or the report by a politician dick marty says u.s. actions in those the terms of detention centers violated basically rights and torture it was widely used for the human rights commissioner has already urged poland lithuania and romania the come clean about their roles and told r.t. that countries need to decide if intelligence ties are more important than human rights. there is an enormous pressure from washington to keep all this secret in fact instructions from from c. with the support of the way towse not to give any facts on this so therefore it's not easy to investigate but i think some of the european governments have been
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involved they have to decide whether they see the cooperation between the security agencies are more important than to look into human rights violations and break the country over impunity. ukraine's losing its key bargaining chip in europe's energy industry well it's been the only transit route for russian gas into europe but all that's about to change as prime minister putin explained during the launch of the nord stream gas pipeline. in the. ukraine is a longstanding partner any transit country is always tempted to use its exclusive status as a transit state now ukraine will lose this privilege i believe our relations will evolve into an adult civilized free market partnership. or ukraine has been using its status to try and secure discounts for russian gas as well as higher transit fees all such disputes lead to interruptions in fuel being pumped to europe
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back in two thousand and six and two thousand and nine with a voice stream pipeline travels directly from russia to europe bypassing ukraine and thus eliminating the middleman leverage all morning how the pipeline will change europe's energy mass in our business bulletin that few minutes. israel and turkey's a former friendly relations are withering fast turkey is suspending all trade military and defense ties and the prime minister is threatening more sanctions against israel as well as a visit to gaza. already expelled israeli diplomats over the refusal to apologize for killing a ninety eight activists in last year's gaza flotilla raid falsely or is following developments in tel aviv. the turkish prime minister added one has announced that he could be slapping more sanctions on television this follows the release last week of a united nations report into what happened on board the mamma now that was a turkish missile that took part in the first attempt to break the israeli siege on gaza some one and
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a half years ago and often israeli soldiers stormed the ship some nine turkish citizens were killed israel has repeatedly refused to apologize for the deaths and in response and korea has expelled the israeli ambassador it has downgraded diplomatic relations between both countries to the level of second secretary and it's also frozen all military cooperation the turkish prime minister used the word savagely when he referred to the israeli behavior he also accused israel of behaving like a spoiled boy in the region and he said that the turks would challenge israeli bullying in the mediterranean by increasing the naval presence there the turkish government has also rejected another finding of the un palmer report which said that the israeli blockade on gaza was not illegal with the turkish government saying that it would now lobby that with the international criminal court in the hague we've heard from the turkish foreign minister who held a press briefing with the top official now bill sha'ath in which he said that the
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turks had a campaign underway to help the palestinians be successful in may but come september the twentieth saw a palestinian state now this is no surprise because for several months turkey has indicated that it is supporting the palestinians it is also indicated that it is embarking on a diplomatic campaign to help them in their struggle the official response from the israeli defense minister ministry is that turkey has a lot to lose but most people here really are questioning what israel is going to do because this is a crucial time when israel needs all the friends it can have particularly ahead of this u.n. bed which of course israel is against you need to remember. that turkey was israel's closest ally in the region and relationships between israel and turkey are at the lowest they've been in more than twenty years and certainly seen the same between tel aviv and cairo where relations between israel and egypt are also now at an all time low. all the tension between the two countries may cause some incidents
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even worse than the raid on the flotilla as gallia linder and struck from the as a cheat for national security studies in television has been explaining to r.t. differently when turkey says that it will start acting more decisively in the eastern mediterranean this might have an effect i don't think the navies the israeli navy in the turkish navy will enter a direct confrontation but there might be mistakes like the flotilla itself and this might be even worse than going to logan i don't think actually this crisis between israel and turkey has a direct effect on what will happen in the. of course the question is what will happen the day after the un recognizes the palestinian state will that cause more violence no difference and then it will cause palestinian frustration. well we've got more from israel online aware the panthers are again on the prowl forty years on. don't believe we know progressed to the country has become an enemy of its people everywhere citizens are harassed anger over social injustice is getting
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louder about israelis and a veteran black panther campaigners are right behind them or got more on the movement at r.t. dot com along with all the news and analysis. i'll be back with a recap of our stories shortly but first the business is next with yulia. hello telling for your business of data very well welcome and more on the opening of the north stream gas pipeline russia's prime minister is calling the porch of a window to europe the twelve hundred kilometer length is now being fails before pumping begins next month business archies money the course around has the details
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. it was a split gas implosion all by months and years of negotiations testing and construction came down to one play blood here it's in all personally set the wheels in motion and the pipeline is now being filled up with gas to get it ready to start pumping in the gulf mopar the rochelle do not have to rely on transit countries to get its gas and the euro exports to the new are expected to double in the coming decade and north stream mobile carriers have boards are all bats in the project has had its fair share of coal in similar seas with her transit countries make use of russia using the words as a political solution but the government insists it's already there to save more and supplies europe has a plan to rely on the gas from the majority shareholder all the ones she has already signed many more would serve something like the insides of european countries like relative france and that you hate it when the second parallel
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pipeline comes on stream next year the odd billion given meters of gas will flow from russia to its customers in europe. and it's been confirmed millstream part of being a successful germany will also take part in the south stream pipeline portrait become a call joined along with france's e.d.f. will each have a fifteen percent stake in the gas pipeline across the black sea to europe that we shuffle means it's a list any will have its share in the twenty four but in europe for just dropped to twenty percent. let's have a look at the markets now branch current has rebounded with the european markets despite its persisting fears the european sovereign debt crisis is us placing branches drazen high of the sell at one hundred and eleven dollars to a barrel while everyone is pressurised by more open helping us on me. then just talk saw shop lou low wall the losses come off the steep declines in the european indices investors. also worried about the weakness of the u.s.
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economy a true story folks from the u.s. subsector is expected to show the fourth straight month of declining growth it comes on the heels of a jobs report friday that will see more since september twentieth. and european markets are mixed investors are taking a break from two days of heavy selling the food says gave me hope percent though the deck says more than one percent down. is the picture in russia the markets here have made it into walls of territory at the close after the dropped earlier entry stake i mean it concerns slowing growth of u.s. and china and europe's debt woes will spark a global recession let's have a look at some of the individual shy moves in the minus six most energy majors bars back from monday's losses with one point four percent meanwhile appliance retailer video gained in the news of a possible merger with its rival eldorado and new rules to nickel shares grows on tuesday auto one of its main shareholders who sell didn't like the fifteen percent
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buy but also made by the nickel producer. the wife of the former mayor of moscow has sold her billion dollar construction business you know but that would enough became the richest woman in russia with three billion dollars for which i'm sure her husband she was george shippable for most coped well as burbank bought five percent of the one point two billion dollars phone while the small of bin bank took the rest may or yuri luzhkov was fired last year by present vet if a lack of trust the full male often claimed he's wise business success had nothing to do with his running russia's biggest city. ok that's all the business news banal small stories you can log onto a website archie dot com slash business. the
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a sanctions to be used or limbaugh go on to syria could backfire as energy firms cash in on pumping for another two months fueling the regime it's condemning. southern europe braces for a sturdy anger as it really and spain try to push through more savage cuts while the arduous suffer as to save greece appear to be untagged way. also turkey suspends all trade and military ties with israel as relations sink to a new low because israel won't apologize for killing nine activists in last year's gaza flotilla raid. and the dealer put in throws to switch from a new undersea gas pipeline to europe curbing ukraine's status as a placeholder middleman which it's news to negotiate discounts for its own supply it's. all next is the car's a report where max kaiser and stacy herbert expose the bankers who deal in toxic assets.
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