tv [untitled] September 29, 2011 9:01am-9:31am EDT
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a very warm welcome to you this is r.t. live from moscow german lawmakers have agreed to massively increase the size and power of the euro zone's bailout fund meaning belling will guarantee a whopping two hundred eleven billion euros worth of loans greece is watching this closely as it tries to convince the e.u. and i.m.f. to release more emergency cash but the greek public anger is focused on the facing more cuts and tax hikes this is our first reports from athens. with this going through it means that now there is at least some signs of optimism for the struggling economy that the cash will perhaps be available now. that there was a little bit of a struggle for chancellor merkel to garner support for increasing the size and power that you raise a bailout fund she managed to get it through already despite that faith being
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a positive outcome people are already looking to the challenges ahead for the euro saying still faces here in greece there was a surprise really that was passed because people here have been saying it was bad for greece is bad for the rest of the euro saying as well remember these are very difficult times not just to greece the country such as spain and italy so really countries like germany from what we've been hearing they really can't afford to let a country like greece at this moment because spectators would then be turning their sights to these other bigger economies and that's where you could really in trouble so it's certainly a positive outcome but by no means is the usa out at this situation just yet this is just another of the money that we take from this is not this is a very short. term solution and the longer term for
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greece countries a productive system because we have sectors like we have we can be competitive and we export but we have to proceed with some structural reforms that they have been married for for many years i know the alice to say knows very important because it's what most of the country have been saying is that really the biggest challenge is exactly how u.s. stablish growth in greece you've got this cash injection that really needs to be one of the main focuses moving forward is how you establish that growth and the people here on the street that we've been speaking to said how on earth are they supposed to do that when they're being crippled with these extremely strict. thirty measures that are free so unpopular these speak to these people then they're really very angry about the decisions that are being made by their parliament that they simply don't agree with they say that they've been pushed to breaking point is not that they don't want to pay these extra taxes that have been put on them we saw the property tax passed on tuesday night is that they simply can't now they've got to the point where they have no money and they certainly with regards to the decisions
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that the other usa needed to making they feel a little bit like they've been made into a sacrificial lamb that they're being punished as a sign to the other countries you know you get yourself into the situation and this is what happens whereas what they said is that this is every single country's parts of play in this is the the entire us and they're not the only people who have problems there are a lot of countries struggling right now and really going forward they need a way to be able to get out of this and build a future they simply don't see that at the moment so it's a very tricky times ahead as we said this day it was a positive that certainly in the coming weeks it looks like the greeks are going to get that next tranche of money the eight billion euros but really the biggest focus is going to be on just how to get back that public support and regain the confidence that they're going to be able to escape this crisis christmas more analysis on this now and towards the hard and i financially industry expert from
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the european school of management and technology. and the study many thanks for joining us here on r.t. so is this measure of it influencing the bailout fund a recipe to save the euro zone or is it only going to drag it further into debt in crisis. well i think. the more correct description. we see is that countries like greece will get more funds after these. birds actually doesn't really solve the problem which are over burning debt levels and this hasn't been really addressed so far. so i'm really skeptical whether this measure will lead to anything in the in the long term future do you think we can see this as a victory for al going to. well i think political it is certainly a victory because you managed to keep her coalition capable of agreeing on no on a measure that. seeing widespread public dissent people who are in germany are not
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in favor of these just nevertheless she managed to keep her coalition for this decision so political i think in the short term she definitely gained some points but it's not over yet i would say and some members of the manacles coalition see the year as a major lessing take on the debts of elma countries do you think the german public is going to stand for that. well that's i think one of the main challenges if you listen to opinion polls there seems to be widespread public discontent with the recent bailout packages people are not really seeing that the funds. being the problem they have deep mistrust and putting more money into into the greek economy and the problem is that all political parties on the other side favor these bailout packages so there is no. say no way off voicing the public
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discontent in the parliament and i think that will be the big challenge going ahead . for the parliamentarians making clear to the public that these measures will solve the problem in the end and. the situation on the ground is right now i think there is serious dollar whether this can be achieved so the public will probably be confronted with more unpopular measures and what about greece and all they say if it gets more bailout cash it can finally paid way but is that a sound long time solution do you think. well. well for me definitely no i think in the short term greece is able to repay some of its short term debt it is capable of paying salaries to public sector employees but it's not really addressing the fundamental problem so far of the greek economy which is the over burning debt levels and we see public debt level of succeeding one hundred sixty percent of
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g.d.p. that is why i mean greece is not even capable off servicing its interest payments what it would need is growth and. it's a reduction of debt levels and we see neither right now and with so much money at stake here to truly new year a state for the year is a bailout fund well i'll still be enough to keep the struggling big players like spade initially sold in if they need it. well i think the politicians definitely hope that this will now be enough and that they send a clear signal to the market that they have the firepower to go against any speculators of countries like greece but more important countries like spain and italy but nevertheless i mean we have the problem that both the as well as greece of portugal are. said are not sustainable and to gain confidence of the markets they would have to implement some tough certain measures and their
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economies and in some countries especially italy you don't really see the political will to implement these tough measures and i think as long as this fundamental problem is not addressed. the bail packages that we see may have a short term impact but they don't definitely will not solve the crisis for you yet hog in the financial industry i expect from the european school of management and technology many thanks for those thoughts thank you. now if you want to come on a fitting financial insights have to listen to this. i go to bed every night i dream of another recession. not the only revelation this. find out here where the strings and why no one stocking them that's coming up. remains on a knife edge after nato reinforce its presence of the northern border with anger. at the trouble checkpoints when a dozen people in clashes as meeting is take ask
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a reporter the real bullets as peacekeepers tried to dismantle barricades the obstacles were set up in july when caught of an authority is trying to think the border post to enforce a unilateral trade resulting in the death of a cough and russia's foreign ministry wants peacekeepers that a state its name. saying the alliance taking sides could further inflame the conflicts. it seems my new colleagues don't have a clue what the consequences of their involvement in the conflict could be instead of taking a neutral position in accordance with the un security council resolution they took the side of constable albania basically blocking the only road of life between the cost of an serbs and serbia it's the international peacekeepers who are involved in the civil conflict in the north of the region. sources there are badly wounded people. from real bullets fired at these
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people though these are refuses to answer that question it's another mistake that nato is making and provokes another conflict in the balkans. in a foreign affairs writer for the us chronicles magazine but he's nato forces beyond . well to see management for argument's sake that bashar al assad's sent his security forces against a group of syrian demonstrators that those troops were met with stones they fired live ammunition back and then claim they did it in self-defense i think that we can already hear that the rise of real after wild west implications and western media in here today would have us believe that they were acting in self-defense when fighting first radical it's and then live ammunition at rock throwing surface but what were they doing there in the first place the notion that they were actually
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helping touchy call the snake impose his control on the older between costs of uncertainty which should be properly called a ministry to dividing line means that they have exceeded their mandates and they're no longer acting in accordance with your solution twelve fifty four which is just about the only legal basis of their trysts. a few minutes the palestinians and un membership moves towards the next stage while it's rallied north international condemnation of what's being branded as counterproductive construction plans in palestinian territory. and why a chunk of space waste means the i.s.a.'s crew are having to come up with some imagine for minutes. a car bomb has killed an entire family including an eleven year old russia something republic of the gestapo a police officer was also among the aid to victims all a bomb went off a security offices approached a suspicious vehicle parts by the regime
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a civilian car driving by was caught in the brawl through all of the passengers were killed instantly investigators believe the attack was aimed at a local official he was to use a path through the area russia's north caucasus has seen a recent spike in terror attacks more than seventy people have been killed and doctors down this here in the. the wheels are turning at the u.n. security council as the palestinian statehood bid faces a vote at the group's admissions committee on friday in the meantime israel is further on target i've mostly global community by authorizing more secular and disputed east jerusalem however the threat of an american veto on stated still hangs in the air in important eyes across what's happening in new york. so far there is about six security council members on record that have thrown their support behind the palestinian bid a total of nine out of the fifteen countries need to support the application and
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there has to be no vetoes none of the veto wielding members of the security council should cast a veto as we know the united states a staunch ally of israel has vowed to veto the palestinian bid for u.n. membership if it house to israel is very much opposed to this the us president barack obama said the only way that there can be independent palestinian state is if the palestinians and the israelis get back to the negotiation table and discuss the middle east peace plan that comes to fruition so at this point some critics say the palestinian campaign for you another ship is doomed but the palestinians are very appreciative that security council is moving so quickly and at the very least this is bringing to it bringing attention to a problem that has lasted for decades and has not yet been solved there has been condemnation coming from the international community against israel's plan to expand its settlements. has said it's deeply concerned that the plan and hopes that
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it would be revised the united states and european union also voiced criticism of this plan some critics say that this settlement expansion is actually a violation of international law and if anything israel's actions can be seen as provoking and already sensitive circumstance not helping to reach. ultimate peace agreement the palestinian authority say that israel clearly with this move is not serious about peace whatsoever and we can imagine that a lot of diplomatic negotiations will continue taking place to make sure that maybe israel will will take its plan on expanding settlements because if those settlements do expand the palestinian president said there will be no kind of business as usual and no direct talks with the israelis. now it's a big day for china. all but seeing the tree these these
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on life pictures of the blast off of the rockets which were wasting for carrying the facility dubbed the heavenly. the week. if we can just see where it is blasting all the units will be on mound for now but astronauts and some things it's next year but this is a c three step beijing's presence in all but is it also test the. chinese pounds of the space station by the end of the decade in the time another rocket with a spacecraft on board should then think up to the heavenly palace once completed to be only a fraction of the size of the international space station it's being seen as a milestone achievements in china's space industry say pictures there of that rocket last thing off into space a real milestone in china's space exploration history.
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china has been approaching it in a space exploration program with few but very personally steps every launch for them is something the least of it but for now they. had reached thirty years ago as for technology they may well have borrowed some of it both officially or unofficially from russia the u.s. and europe all over the place with one of the reasons the chinese are developing their own space program is that they weren't invited to join the i.s.a.'s they were even refused the mission just to visit the station but you know russia and europe had nothing against it so we have to bear in mind that china is a different civilization it was once willing to go hand in hand with us or the americans but will ultimately go their own separate way so this first step into their own module based space station which they plan to start building in two
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thousand and eighteen. meanwhile the only space station in existence is under threat of a collision a fragment of an old rocket hurtling at a dangerously high speed towards the i.s.o.'s astronauts repairing to take evasive action and. details of a space saving mission. there are an estimated twenty thousand pieces of space junk being tracked going around going around the planet at the moment this particular piece of space junk is a a ten centimeters size bits of a rocket that was launched in one thousand nine hundred ninety one to send a satellite into orbit now what happens if the eye assess detect they are on a collision course with a piece of space junk that they try to make emergency maneuvers if they can to try and get out of the way however if they can't make those those maneuvers and be one hundred percent sure that they can get out of work out of the way there's only one
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course of action left the requirements of the crew take shelter in the most protected area of the ship because the safest place is the capsule in the so use module so that's where the entire crew hides when the station is considered to be in danger unfortunately as it stands at the moment there is no viable plan in place to clean up space there is no method of giving space a spring clean all of those theories that have been put forward are either too expensive to outlandish some of being dubbed a little bit to size by or they're just not workable now the big problem comes is as i say around twenty thousand objects are being tracked at the moment the most recent one you can see a shot of just right there that came down to earth the most recent large object was to you a r.s. . research more tool it was a nasa satellite that would be monitoring the atmosphere that came down to earth last week and part of it went through the atmosphere now the reason that we have so
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much space junk in the big problem comes is that the space junk is growing exponentially due to something called the kessler effect now what this is one piece of space junk crashes into another piece of space junk and makes more space junk so the scientists and those who are monitoring it the pieces of debris that are up there the big concern for them is that. and around six years we might not be able to actually get. to it there might be as much enough space junk up there to cause problems from launching. anything from into space due to the fact that simply isn't and isn't any room around the planet so at the moment there is no way of tidying up all of this debris to make sure that we can continue the exploration of space. outlining the battle against space junk now for an in-depth coverage of that and of course all the stories that were across today to check out our website dot com here's what else is waiting for you online right now if there's any truth to the
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previous colonel gadhafi in his air miles at the moment because findings in several different countries on a daily basis he has its own take on where the missing wal-mart might be hiding heads online from all. former ukrainian prime minister yulia timoshenko is back in the dark after a two week break and she is now on the happier for it this is our team dot com to find out why and check out our you tube channel for its collusive fitted. now an eye opener for those struggling to make ends meet in the current age of austerity has come from the financial world this week an independent trade his revelations have gone viral after his method volatile markets play right into the hands of people like him and that's not the only reason why his admissions are causing up. the governments don't rule the world goldman sachs rules the world it was the comment heard around the world one that generated widespread reaction from
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papers and pundits alike we appreciate your candor however it doesn't help the rest of us does it but instead of talking about the comment itself most outlets remediate least not to shoot the messenger alessio responding crisis forbes called him a psychopath c.n. b.c. suggests it might be a hoax new york magazine wonders if it is a hoax or perhaps our worst nightmare well regardless of our intentions the bigger question has been largely ignored was he wrong about the power of goldman sachs and why was everyone so shocked after all right here at r t in our studios we've had several guests bonafide traders even former goldman sachs employees who have said the very same thing washington is not the biggest player in this the global bankers are the biggest players the global hedge fund managers that's where the action that is determining the outcome of this mass not the players in washington they have already seated control to the global banking industry wall street has been pulling
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the strings in washington from the get go it is the largest sector of campaign contributions and that's to both parties but for the mainstream media who don't share views like these are studies honesty was unexpected for surviving thrive t.v.'s george hamon story when they asked in these questions on b.b.c. you just let it all hang out and the actual truth came across. recently also sent shock waves around the world when he told the b.b.c. that most traders don't really care if and when the economy is fixed personally i've been dreaming of this one for three years i have a confession which is i go to bed every night i dream of another recession the b.b.c. interview has now gone viral if you could see the people around me jewels of collectively drop what you've just saves perhaps there are. that would mean i have dropped the only red not july two thousand and nine and rolling stone article the great american bubble machine in it he famously described goldman sachs as
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a quote great vampire squid wrapped around the face of humanity relentlessly jamming its blood funnel into anything that smells like money t.v. discussed with us recently how although people are unaware of it the big bank has profound power in society how much you're paying for gas how much you're paying for electricity how much you're paying for your credit cards. your mortgages how much you're paying in taxes and how much of your tax dollars are going to debt service. unlike the mainstream media few here would be shocked by respondents comments because that was for nearly two weeks these protesters have been out every day hoping to bring an end. or at least awareness to what many call a corrupt system or do we. do we. and still others have argued for years that the government's actions are dictated by the big banks the very
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special interest in on wall street the insurance industry these guys these are the people who are writing the laws that obama is passing they are keeping him in power they are the ones that have finance this campaign and the laws are being written for their benefit. as anger builds here perhaps better questions need to be asked here so that a different message is sent to decision makers here that the system that has been sustained and protected for decades might need to change in washington christine for r t now ahead for you a leading light in russia's movie industry tells ati why he's not too optimistic about the future of cinema. now it's time for business here on artsy russia took a heavy blow in the last bounce off financial markets herbalists last week the country's in the season lost over ten percent making russia of the worst performer
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among emerging markets but this recent weakness presents an opportunity for bargain hunters and the c.e.o. . creates a capital believes it does spot investing though would be a risky. taking into consideration prices and level this. is very attractive but the main point is that there is significant outflow of global money is supposed to hit the place right now according to the recent i.m.f. research paper every eight point two billion dollars from emerging europe and particular russia is supposed to be get all so there is a big opportunity for emerging market being on the top level very now for big funds but unfortunately the more trying to be conservative and still be in cash and buying u.s. treasuries and rather than looking to emerging markets. let us look at the markets now we'll start with oil which is higher trying to claw back from its biggest
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quarterly drop since two thousand and eight and that's all speculation that on that expanded european bailout fund approved by the german lawmakers today will support economic growth and fuel demand l.s.o. to look at what's happening in europe stock markets there are back in positive territory and that's after germany's parliament's votes it's to approve the expansion of the eurozone bailout fund banking shares are rallying with clomid it's up eight percent b.m.p. body by gaining almost seven percent. are all adding five percent this hour or so ago it was happening in russia markets recovering from earlier losses the r.t.s. has gained almost two percent while the my six s. up almost two and a half percent and look now at some individual share moves on the my sex and the joy majors are on the rise with more than two and a half percent the company just received a five hundred million dollars credit for operating purposes banking stocks are no exception would be to be revised over two percent and bucking the trend is that
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and. this is all see germany gives the go ahead for a hugely inflated. two hundred billion euro. currency colleagues. tries to convince the e.u. and i.m.f. to release more emergency cash. so this breakaway kossovo a teetering on the brink of boiling over off to checkpoint. warning they just steer clear of taking. framing the. poles to its presence of the of the border with south korea. and china heads for the happens this is the space which north a few minutes ago. beijing presents among the stars.
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