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tv   [untitled]    May 17, 2012 6:30am-7:00am EDT

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two thirty pm in moscow these are your r.t. headlines u.s. officials come clean about washington eating syrian rebels as the name sources say weapons are flowing in rebels claim they've recently seen in the forts that are in from abroad to fight there was even syrian. euro on shaky ground as greece's new election could see the country take a leave of the currency union that would send shock waves across the region with heavyweights still hoping to keep the greeks in. the family walled in and left in isolation israel's barrier is separating people who refuse to leave lands possibly generations israel says the walls are essential for its security. trying times for
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the euro zone up next we talk to a dude here checkerboards the economics lead writer for the guardian newspaper about what we're about what worst hit greece and the entire region can do to get back on track. today i'm talking to. an economics leader reisa for the guardian newspaper we're talking as politicians increasingly start to discuss an exit for greece from the euro zone the chakraborty thinks that orderly or disorderly that it will see disorder on the streets of greece thank you very much for talking to us today and we've recently seen these elections in greece which appear to have say that the greek people reject austerity how long do you think that rebellion is going to go on for. i think it's already been going on for the best part of two years ever since the european union and the i.m.f. impose a really severe program of spending cards and form of welfare on greece you've
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basically seen a country which is descend very quickly into the realms of young governable what you saw simply in the last election this was about getting on for simply the center electorate voted against austerity that is for a party that was against austerity now whether that means that they're against spending cuts well that means they're against reforming labor laws would that mean they're against changing the welfare system whether this implicates privatizing whole swathes of national assets i don't know but what you do see very clearly from greece these elections and i think you've seen for the best part of the year is a kind of wholesale rejection of the program that's been imposed upon greece and we've seen germany's finance minister will crank schauble make it very clear that either greece sticks to this austerity all it quits the euro what's in greece's interest would you say. what's best for them i think we can start with the most obvious thing is to stop this austerity what happens next well that's a that's
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a more vexed question if you want to talk about whether it's a good idea for greece stay within the euro or not. i think either way it can be very painful decision for greece if it stays within the euro. it will be forced to stick to some kind of program imposed from outside for a long time to come and it won't have a great safety valve that's normally given countries in the stress of being able to devalue the currency that's a problem staying in europe the problems of living on the other hand or the kind of volatility and turbulence which may well. make the general strikes to rights all the rest of it look like walking a pole compared to what happens next so that's from greece's point of view but what about the point of view of the rest of the. german chancellor angela merkel and new french president francois hollande says both say that they want greece to stay in the is greece essential for keeping the euro zone together really. it's
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not but the big question that will come up as soon as any country walks out of the door is which i was going to follow after it so greece is a very small economy greece is also it's pretty clear an exceptional case within the euro zone economy because it's had the biggest crisis of the lot it's had the biggest bust of the lot it's got of course you know it's got a whole series of. specific to greece but if it goes then what's to stop portugal from going to and talking about sort of house of cards and this is being this is being the big question ever since it became clear that southern europe was in trouble was it was never about one country in particular and it was particular not about greece assumes the questions of arise about greece in question actually the big questions get raised what about spain what about italy and these are these are the really big economies even some europe and within the euro zone and so when i go merkel said if the euro collapses europe itself will collapse do you think that
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sort of prophecy almost coming true. it's very funny statement for the german chance to make because the euro the euro is the union the seventeen countries the european union is a union of twenty seven countries and growing and so for her to ally one with the other is a is a very curious thing to do. it may be rhetorical overstretch but it may also be that she sees the euro zone affecting without that what happens in the european union would probably she's got she says the euro equals european union but she also says austerity equals zero so what you've got or very clearly not just in greece but across the euro zone now you've got electorates and governments collapsing because they cannot impose austerity on their own their voters so even in neverland government government collapses because economy posen sturdy belgium hasn't had a government for the best part of
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a year. if the if the your opinion equal just thirty and if the year if your opinion equals you and if the year equal then vote as they want us thirty so what does that mean about the rest of the western european union i think you could come up with a better story for europe is for than simply it's about the euro what about potential exit for greece politicians are now really for the first time talking about an actual situation where greece might access and they're talking about an orderly or a disorderly exit what do those terms mean and what real difference do you think it would make the really really odd thing when people who are all the or disorderly is all evil disorderly for whom because i can assure you that any situation however well managed for the group for the ordinary greek it's going to be very disorderly indeed it's going to be very very turbulent. people have been modeling what a greek exit from the euro zone would look like for the best part of a year politically and economically politically even those who are in favor of
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greece leaving the euro zone. they would accept that it would involve the army being on the street to keep order it would mean the banks would have to shop for to be sure that the a.t.m. is would not be working it would mean that people be stopped from leaving the country especially with this forms of euros in their back pocket because the country would then need to stop all capital from the country and to maintain a very high level. so it would feel affected like a countryman of marshall vote. the question all in the saudis really for the rest of the euro zone if the euro zone can say to threaten to financial markets look greece is leaving but we all know greece is a special case you know behind hands will say it's a bit of a basket case and actually its problems are not the rest of the euro zone that's what they really mean by an orderly exit if they can convince everyone that greece is leaving because of greece not because of the euro i don't think people markets would buy that because the rot has gone so far. financial markets i'm willing to
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lend to spain or to italy that i don't think people any longer see is a problem confined to just one or two small countries and what about the situation with the banking sector in greece at the moment you talk about sort of disorder on the streets we've seen in the region of a billion euro is i think withdrawn from greek banks just in the last ten days how significant is that how close do you think that is to panic withdrawing a run on the banks essentially i was i went into one being spanx in greece in the capital athens in syntagma square last summer and one of the. most popular financial products and pulled out a safe. to do it now. they are going to. put their money they no longer keep their money counts in the bank they keep it in a safe box in the vaults below almost under the mattress exactly like twenty percent true keep it on the pillow. so actually a bank run has
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a very slow motion bank run has been in greece for the better part of a year. what you see in the past ten days is that sped up dramatically. the banking system in greece to intensive purposes been a zombie five banking system for the best party is because most of the debts that greece holds has been written on so much a single portion of those debts held by the greek government are held by the greek banks system so effectively a certain apollo worthless loans and that's before you get on to the loans they've made to businesses and households which also not worth half what they were if that . so it's pretty clear that whatever you would have to do to greece stays in euro where it does then you're aware victims of austerity were doesn't it in your city in need to do something to restructure and to bring back to life its banking system but it doesn't have the money to do up and no one in the rest of europe is willing to give it a money to do that and all over europe there's a growing popular opposition to the political and economic union how of the
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european bureaucrats failed to convince the people that the european union as a whole and the euro particularly are a good idea. i'll turn a question around you have to say it's the most it's it's the crowning achievement of brussels it's managed to take a largely pro european continent and turn it so wholesale you against europe and the euro we're talking in britain where if you look at the popular press and even sections our political party system there are a whole variety people who would see brussels being on some kind of conspiracy plot to turn all banal as straight and this is always been part of the british public discourse what's been really interesting from this side the channel is actually more and more the content is turning against the euro and turn against europe and i think that's largely goes back to what angela merkel says about if the your affair with europe fails she has made europe about the euro and she's made about making spending cuts even in germany which is seen as being the strongest and most
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successful economy of the past decade even in germany our rich german worker has seen his or her wages for all of the polls they create. take out inflation median german wages fall in four percent over the past decade so even you are rich german workers the person in the most successful strongest economy in all of europe is worse off now than they were when since the euro launched and how far do you think politicians in brussels are willing to go to save the union and what you've seen in a past two years is effectively a whole series of blame games going on soon as it became clear that greece was in trouble people in brussels and cross normally would say well that's greece you know we were is new day with really been part of the year in first place then oil and says hang on we're in trouble wow you know the irish they can never control this their property market in portugal well ways portugal for heaven's sake then spain italy and so on so forth always becomes the fault of these individual countries and
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no point until very recently didn't say hang on there is a systemic problem here because you see whole swathes of europe now effectively going bankrupt or as close to bankrupt as you can physically get. and so the very belatedly they realize that actually this is not just about countries been for but about an extension crisis bureau. having only just recognize that they're nowhere near putting policies in place that might save your. thank you very much. wealthy british style. market why not come to. find out what's really happening to the global economy
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with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report. that. we have to begin to identify those goals to. push. to keep still. looking at just the. police to come to peace. as argued by people on similar band but it is a bunch of losers by but i have a very good job people have jobs here that's all nonsense and they don't have jobs they're losers. cause. my last.
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thing i. read. down the official ante up location. i pod touch from the top story. on the go. video. all tease mine comes. and says feed now with the palm of your. machine on the dot com. it is easy. to. see.
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u.s. officials come clean about washington aiding syrian rebels as unnamed sources say weapons are flowing in and rebels claim they've recently seen an influx of arms from abroad to fight the syrian regime. zero one shaky ground as greece's new election could see the country take root of the currency union that would send shock waves across the region with heavyweights still hoping to keep the greeks pinned. at a family wall then they left in isolation israel's barrier separating people who are used to live way down through generations israel says the walls are essential for its security. all up next with all the latest sports news stay with us.
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thank you very much man welcome to the world of sports here is what's coming up. kenny cops it livable soccer manager kenny dalglish after just one full season in charge after that was premier league finish in eighteen. wonderful williams. spots russian opposition on their way to around three the time in open tennis. and the top gay we catch up with the russian race driving phenomenon that's. currently the only woman on the f.i.f.a. . first football and liverpool are on the lookout for a new manager after sacking kenny dalglish on wednesday the decision comes after the club's worst premier league finish in eighteen years as they did however when the league countdown reached the f.a. cup final where they went down to one to chelsea among the front runners to a place down for the chelsea man andre the last ball last week in boss roberto
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martinez while even rafael benitez has been linked with a possible return to anfield former teammate alan hansen says it was a lack of goals which ultimately proved costly. i always say they will bring the cups carling cup final and i think i'll finally relatively poor league position either but the. boys simply and they were really good absolutely hammered the opposition and they'll be in. but i think basically. you know if you look at the top twenty goals and going with premier league there's no level plan amongst them meanwhile new england manager roy hodgson has been explaining his reasons for leaving former captain rio ferdinand out of his euro two thousand and twelve squad the thirty three year old manchester united defender was a method for margins list of twenty three who will be going to poland in ukraine. well it's purely a football decision we as a man that i both respect as a player as a person i don't know it well personally but of course like everyone in the room
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i've seen enough of him over the years to realize what a fine for all is and what a good person he is but to make a fulfilling decision i had to decide on the basis basically of what i've seen in recent months and in particular influenced also to some extent by the fact that we hasn't played so much since the world cup and has only played once thing in the last year meanwhile republic of ireland manager giovanni trapattoni says this summer's tournament is a great opportunity for the country ireland haven't qualified for the european championship since one thousand nine hundred eighty eight and haven't been in any major tournament since the world cup in two thousand and two but it's by being in a group with holders space in two thousand and six world champions italy and croatia the italian believes his men can reach the knockout stages because the ninety minutes never say never in the sort of possible. eighteen game or you must believe it is possible also to go over to first
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a group in. india would have. now one tournament that has reached the knockout stages is the ice hockey world championship in finland and sweden all four quarterfinal matches are taking place on thursday reigning olympic champions canada and slovakia are in action slovakia stormed into a two no late in the first period although canada have pulled one there into the second period in that one later russia take on norway co-hosting defending champions finland face usa finally last year's runners up sweden by the czech republic. now over to the hardwood where in the n.b.a. boston have taken a two one late in their best of seven series against philadelphia in the eastern conference semifinals that's often the way one hundred seven ninety one win over the seventy six is in game three meanwhile in the west don't lie and i have taken material series made over the l.a. lakers after a seventy seven seventy five winning game two but despite the deficit the lakers
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are confident they're still to play for. it's still a series they did what they were supposed to do they protected their home court they got two wins now we're going to say. but i feel like there's still a lot about the ball left in our team. now to go where englishman in poulter is looking to defend his world match play title this weekend the thirty six year old is up against australian john senden and portugal masters winner tom lewis in the first round in spain and with the ryder cup on the horizon is the perfect chance to get so much play under his belt. for the games and she. recovered nicely after having the money early in the year so i feel you know my best golf to come this summer you know very much looking forward to playing match play this week and then obviously get into north on its own three u.s. open and then later on in the open championship now to tennis where both serena and venus williams have beaten russian opposition to reach the third round of the italian open in rome serenus or of not be able to throw in three sets four six six
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two six three the russian had never lost to the thirteen time grand slam winner how they wanted both their two previous meetings and things appeared to be going to plan is to travel to the first set six for the twenty nine year old then squandered three break points early in the second allowing her american opponent to storm back and take the second set sixteen before racing for the third and final set williams is unbeaten in fifteen matches on clay this season almost full head of the french open later this month. her sister venus got the better katherina mccardell in straight sets although she was pushed all the way in the eventually winning the first set tie break nine points to seven exertions of the first set to take it out of her russian opponent as williams eased to victory in the second taking it six one young seeded american will now face u.s. open champion sam stosur in round three. now in formula one red bull's mark webber
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has been reflecting on the start of the season the thirty five year old australian is county faith in the driver's standings after what he describes as a really open a start of the campaign in which they have been five different winners in the five races so far. i think for the fairs it's quite interesting for them but also i don't know if they will get sick of seeing so many different winners it's nice to have lots of different winners but also we want to have i think the rivalry is always always good to have rivals you know we always have people fighting for that for the championship or the to have lots of different people always fighting you know it is and goes all the way with a whistle rivals that could come in now finally starting with a motorsport theme and it may still be dominated by men but as rich from portland found out there's one russian woman flying the flag for the fairer sex. blonde beautiful and with a need for speed rushers maternally a free dinner is causing
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a stir we're going to motor racing world but some are native who's been living in switzerland for the last eight years is currently the only woman in competing on the f.i.f.a. g.t. santa kids and she says there is no coincidence that she got into sports. my father wanted a boy but i was born instead so i had no choice but to fulfill my downstream i wasn't really keen on a career in motor sport at the start but now i'm used to it when i'm really enjoying racing professionally she's currently driving an aston martin as she competes in the g.t. free competition which takes her around various circuits across europe however she's loving every minute of life in the fast lane and is learned to overcome the usual stereotypes about women drivers so the first few strange looks with people either saying wow that's great what are you doing here i still get jokes about being a blonde behind the wheel but i have just learned to take it in my stride however
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natalya's had the chance to learn the tricks of the trade from arguably one of russia's best ever races aleksey by celia the forty raiders competed at lemoore and has been racing for almost a quarter of a century in the tally our partners both on and off the track there's no doubt. who's the better driver because. of course when it comes to motor sports i'm on pole position when we are talking about thinking things through logically then of course natalia's in front of them without getting into the sport isn't she the top of the range i'm beginning to feel for ronnie it will set you back hundreds of thousands of euros but if so it's a point science russian team's underachievers getting a major boost from the country's top little firms of the government has taken a particular interest into sports but nonetheless it still takes massive financial sports just to get started. on like athletics or swimming where you only need a pair of trainers or trunks motorsport is way more expensive as you need
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a top car but you have to maintain the mike it's very expensive to buy the tires and spare parts especially for a ferrari for a child who is competing in the russian go karting championships it will set their parents back in the region of fifty to sixty thousand euros just for a season however competing professionally in a ferrari is much more expensive and will cost him two hundred thousand euros money oversleep plays a massive pass in getting started but talent also plays a very important role as well both internally and i'm excited he will be looking to go from strength to strength in all aspects of their career which human pole for me tante. well that is all from a unit will be here in a little under two hours time with plenty more sport to win that.
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wealthy british scientists on. markets why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into cars a report on our. mission free cretaceous free in-store charge is free. range moncef free risk free. to tide free.

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