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tv   [untitled]    May 20, 2012 6:30pm-7:00pm EDT

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well again this is all she and these are the headlines. while nation leaders thrash out for this country to fall back on its on coalition veterans under would be aligned to take throw their medals out of the convention center as a protest against the military and. also russia granted the world ice hockey crown as they national team prussia slovakia's they do you think all the way through the cheers world championship without a single defeat. the group of eight industrialized nations expressed hope greece can stay page in the eurozone but experts paint
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a very different picture of what's happening behind the scenes. in the u.i. sojourns it's also no weapons to bahrain's came as a mass uprising in the state threatens to unseat the pro western monarchy. up next to you said the eurozone financial blackhole next as we talk to a leading economics writer for the u.k.'s guardian newspaper. today i'm talking to dieter chakraborty who's an economics leader writer for the guardian newspaper we're talking as politicians increasingly start to discuss an exit for greece from the euro zone as you see chakraborty thinks that orderly all disorderly that x. it will see disorder on the streets of greece you very much for talking to us today and we've recently seen these elections in greece which appear to have shown that the greek people reject austerity how long do you think that rebellion is going to
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go on for i think it's already been going on for the better 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 basically seen a country which is dissin very quickly into the realms of young governable what you saw simply in the last elections was about getting on a simple intellect or a vote it came through security that is a party that was against austerity now whether that means that they're against spending cuts that means they're against reforming labor laws would that mean there are going to change in the welfare system were they simply going to privatizing whole swathes of national at it i don't know but what you do see very clearly from greece these elections and i think you've seen for the better part of years 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
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either greece sticks to this austerity all it quits the eurozone what's in greece's interest would you say what's best for them i think what we can stop the most obvious thing is to stop this austerity what happens next well that's a that's a more vexed question if you want to talk about whether it's a good idea for greece stay within europe or i think the way it's commute very painful decision for greece if it stays within the euro it will be forced to stick to some. the program imposed on it from outside for a long time to come and it won't have a great safety valve that's normally given to countries in distress or been able to devalue its own currency lots of problems with staying in the euro problems living on the other hand or the kind of volatility and turbulence which may well look may may well make the general strikes to rights all the rest of it look like walk in the park 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 year is the german chancellor angela merkel and new french president francois hollande says both say that they
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want greece to stay in the year is saying is greece essential for keeping the euro zone together really. it's not but the big question that will come up as soon as any country walks out a 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 would be in 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 there was a 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 it was never about one country particular and it was particular not about greece assoon as the questions arise about greece then actually the big questions get raised what about spain what about italy these are the really big economies even some in europe and within the euro zone and so when i
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go merkel said if the euro collapses europe itself will collapse do you think that 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 very curious thing to do it may be rhetorical over straight but it may also be that she sees the euro zone of without that what happens in the european union probably she's got is she says the euro equals europe but she also is austerity with europe 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 on their voters so even in neverland government the government collapses because economy posen sturdy belgium hasn't had a government for the best part of a year if the if the european equal just thirty and if the year if european unique
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with the euro and if the year equal then vote is then what is thirty so what does that mean about the rest of the rest of the european union i think you've got to 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 exits 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 a really really odd thing when people to well orderly or disorderly is all you are disorderly for whom because i can assure you that any sort of 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. our 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 greece leaving the euro zone it would involve the army being on the streets to keep
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order it would mean the banks would have been shot forcibly shot that the a teams would not be working it would mean that people be stopped from leaving the country especially with this foods 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 room order so it would feel affected like a country minamata revolt 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 it greece is a special case you know behind our 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 lend to spain or to italy that i don't think people any longer see is
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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 euros i think withdrawing 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 went into one big spanx in greece in the capital athens in syntagma square last summer and i asked one of the cashiers what's your most popular financial product and he pulled out a safe box and he said what people are doing now is they are renting from us to put their money they no longer keep their money in the count in a bank they keep it in a safe box in the vault below almost under the mattress exactly like twenty first century of keeping it on the pillow. so actually a bank run has a very slow motion bank run has been evident in greece for the best part of a year what you see in the past ten days is that sped up dramatically. the banking
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system in greece to intensive purposes been a zombie five banking system for the best party years because most of the debts that greece holds has been written on so much and a portion of those debts held by the greek government are held by the greek banks system so effectively a sudden 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 europe where it does then you're were victims of austerity work 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 money to do that and all over europe there's a growing popular opposition to the political and economic union how of 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
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a question around you'd have to say it's the most it's an it's the crowning achievement of brussels it's managed to take a largely pro european continent and turn it so wholesale 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 of people who would see brussels have been 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 myside to channel is actually more and more the continent is turning against the euro and turning against europe and i think that's largely goes back to what angela merkel says about if the euro fails europe fails she has made europe about the euro and she's made about making vicious spending cuts even in germany which is seen as being the strongest and most successful economy of the past decade even in germany average german worker has seen his or her wages for of the path their case take out inflation the median german wages fall and four percent over the past decade so
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even your average german worker 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 of past two and a half years is effectively a horse 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 knew they were they shouldn't really been part of the year in the first place denial and says hang on we're in trouble too 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 no point until very recently didn't say hang on there is a systemic problem here because you see whole swathes of europe now affected going bankrupt or as close to bankrupt as you can get. and so they're very belatedly
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realize that actually this is not just about countries been for but about an extension crisis for the euro. having only just recognize that they're nowhere near putting policies in place that my savior. thank you very much. my grandmother did not like we're going to become. he was afraid. and she was very good. she felt. i was frankenstein's monster. we don't have the problem. every time and effort is made. by the palestinian or in the european side to negotiate an end to the violent attacks
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against israel which i have no fear of war call the. song goes you have no you're calling the leader of the state of israel one of the main terrorists in the world. we are supposed to be seriously examining history but you mention a few words about jewish culture labyrinth and people get so upset this is i'm sorry to say it's a form of emotional blackmail. there hasn't been anything good on t.v. . it is to get the maximum political impact.
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before source material is what helps keep journalism honest we. we want to present. something else. if you're. going to take three. three. three. two three.
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three blog video for your media project a free meal gondar t. dot com. while laser leader but the strategy fog honest on coalition veterans angry would be allies as time takes its rare that medals at the convention center has found a protest against but interest. group of eight industrialized nations expressed hope rees can stay put on the euro as a tax first paint a very different picture of what's happening behind the scenes in. the u.s. opens its also no weapons to bahrain is paying as a moms are closing in the states threatens to under seize the pro western monarchy . plus russia grabs the old ice hockey brown eyes then a national team crushes levant he is six two passing through the waster they see as
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well trying to without a single. and kate is here now with more on that spectacular championship win for russia in the latest false news and i'll be back with news in about ten minutes from now. what are welcome to the latest polls these are the headlines. mean machine rush to be so accurate six to zero in how same key to claim their third world i saw the time in five years and finished the tournament as the only unbeaten team. while these are the kings road chelsea parade the champions league trophy through the streets of london beaten by admitting all three of penalties to become european champions. on the road to reassure africa comes from a section full of down to beat leno and retaining heavy top and open title effect.
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but first do i psaki and russia have clinched their third world title in five years after beating surprise package slovakia six two in helsinki to finish the world championships as the only unbeaten team but russia got up to one full start conceding a goal to the no on the blue line just a minute in but alexander shelley equalised knew when to go to the period for an exam that their children alexis got i think they rushed a three one lead and showing swiftly nettie's his second in russia's balls and then turned provider early in that set of problems that suits one time out five one got up pulled one back with the captain's brace was too little too late to step back yet get him out made it six like tom to wrap up victory and ensure he finished as the tournament the most valuable player. but with all the title decider the czech republic stays up late fine fine points to listen to a three two and seal the bronze medal in the third place playoff which means total
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didn't finish outside the podium has been pushing last year's crop. now thousands of chelsea fans have lined the streets of london as the blues paraded the champions league trophy in an open top bus after beating by in munich for three on penalty. to win europe's top club competition for the first time well off eighty three minutes thomas really hot headed the german side on course for victory. over the bullet had said the match into extra time as though he then conceded a penalty for the blue or yellow rope and missed it so it went to a penalty shoot out and boston showing slide is misc a drop but a chance to change victory and the man of the much thought of having to make chelsea champions of europe for the first time in their one hundred seventy history and the first team from london captain john terry who do miss the chance to win the trophy to the spot kick against manchester united four years ago was suspended in munich but still allowed to lift the trophy island that's going on part how does joy for russian mum have overage who finally claimed victory think it's great to
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spine twelve million years ago and spending an estimated one in the hall being indoors. it's up to the welsh protests to believe this is the best feeling ever. chase. the boss. tutorial mistaken for up to alice. yes that rubber bridge purse strings or the jumper scrub six pack over the shoulder accident. or the osbournes or loss a point yosri loving every second of their despair and. now more that goes concerning joe she succeeded you were so placed of you very much more than. well meanwhile here in russia the national team have been dealt a heavy blow ahead of the fast approaching european championships as experience defend the city better slutsky has been ruled out of the tournament and twenty nine year old has failed to recover in time from a long term following muscle injury while at the end of april it is the school
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would have tried to make a comeback after a month out in the two one dhobi with a response back he didn't make it out in the second half while it's a big setback because they got the cut to lose a central defender he's been a russian regular for over a decade and in an area where the run. have little strength in depth. those are very. relieved because he still has too much pain. we also have to think and solve another club so we decided together with him. after dinner. or meanwhile the russians quite are still awaiting the arrival of one member as a sporting midfielder but that is my love remained in portugal to play in sunday's surprise one will defeat to academic a in the portuguese cup final the twenty nine year old has been in good form for that has been signed this season and and his first call up for eight years but he's been given an ultimatum by at the cost he says his mind of must be in moscow on monday if he wants to make the squad. i'm not
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sure if it is in television. after the game we have a talk with. many years. but you know i think if you're going to. become better state not you can better you can start. tennis now and world number two maria sharapova came back from four love and a second down to defend her italian open crown following a rain affected marise in the chinas nalini well after losing the first six for the in-form russian battle back from full of down in the second to take the much into decider where she saved a match point for forcing a tie break in the final set when the rain came down and when it finally stopped called out victory seventy five to wrap up the epic battle in almost three hours it was her second title of the season after also we got last month make sure of
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a favorite for the french open in a week's time that grandson is the only one missing from her collection and gnarly is the defending champion. two swings because of the weather conditions so you start the match and you know you feel like you're playing really well then you stop and you go off the court you can. and then things just change for some reason you know your opponent starts playing better has time to regroup but this was a situation which you just have a tiebreaker to play so doesn't really matter what your coaches herning one tells you is this about really focusing on and trying to win out over. however the men's final has been postponed until monday the top ranked novak djokovic is aiding to defend his title against five time formal winner rafael nadal the spanish while number three prevailed in the past previous meetings and will return to second spot in the rankings if djokovic to claim this record twenty first masters title. now emerging g.p. former champion hold a renzo is back at the top of the ryder standings after winning the french grand
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prix in style on a wet slim all track the spaniard started from the second robot into the bench. almost ten seconds but nine time champion rossi did overtake holding a stone on the final lap only his second finish since joining a few cattle last year so missed honda teammate danny producer started from pole but have to settle for fourth while stoner trails in renzo by points in the overall standings. has been difficult he goes on with a long race especially when i was coaching me was very difficult to keep the concentration on the two. and finally becoming a team player isn't always easy but some children from around moscow have the chance to develop their bonding skills like i've never done before. and that. comes from children and youths have always been promoted healthily throughout
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russia but looking for more specialized adventures which develop and hone skills and help promote interaction are still far fewer between the russian adventurer and borrow and his father have managed to bring team building exercises to the outskirts of moscow. located roughly one hundred kilometers from the capital is the first fully equipped obstacle course of its kind in russia. the main difference between this course and others you can find around russia is that it focuses on providing challenges for kids say in groups of seven or eight which can only be tackled as a teen and the fact that they have to complete the east ask such as crossing a random bridge or together they learn new skills and qualities and overall become more confident indeed watching a group of hearing impaired kids taking on a devilishly tricky crossing six metres above ground is or inspiring and although it's meant first and foremost for the less fortunate children organizers insist
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there have been plenty of healthy adults who've chickened out when dead not so for these little adventure seekers so how's your experience been like that well of course it's scary when you climb on here and what else has happened on your own it would be difficult but my teammates make it easy there are quite a few different obstacle courses available from rock climbing to trench style insurance tests but it's the rubicon the towering construction in the heart of the camp that draws the most gasps now it's named after the italian river that to the seas and his army once crossed back in forty nine a d. and of course it also means crossing the rubicon means crossing a point of no return now the organizers. and creators although this obstacle say that it cannot be reached or completed by yourself you need a team for that but i'm going to sneak ahead of the pack here and see if i can complete it without any extra help.
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and of course. this is easier to write thank you. i may have been the truth a little bit that it's really is a difficult call and there's absolutely no way appreciate all you it's truly amazing how productive and productive even the most shy or disabled child becomes once put to the top beverly's i learned how to keep my balance and control my fears how did you do that well don't be scared and keep going to come back again i'd like to come back next year so it's better than playing bass they said it's better than a play station there may be only one rubicon in russia at the moment but with such experience that these kids take away with them it can only be a matter of time before the secret gets out. of moscow region.
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and that's all supposed by hand.
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