tv [untitled] September 12, 2012 2:00pm-2:30pm EDT
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i wasna condemns the killing of it some bastard it's a livery which happened during an overnight mall brayed on the u.s. consulate in benghazi. back in the bailout a german court approves the permanent eurozone rescue for. the way you put into your joy in the five hundred billion euro facility but there are conditions attached poll the latest in the german capital coming up shortly. the european commission president says the e.u. needs to integrate into a federation of nation states to be saved from the euro crisis is drawing anger from euro skeptics who believe the bloc should be heading the opposite way.
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welcome this is r.t. it's ten pm here in moscow when i was cavanagh in first washington's condemned the killing of it some bastard to libya christopher stevens and three other officials who died when an armed more but attacked the u.s. consulate in the city of benghazi the bloodshed followed protests over american film which has been described as an insult to islam is the first time a u.s. ambassador has been killed while in post since nine hundred seventy nine and he's going to teach you can discover latest. we heard hillary clinton say the attacks were perpetrated by a small and savage group not the people or the government of libya making it clear that the administration doesn't see it as an act of war the attack on the u.s. consulate in benghazi was revenge for a movie a largely unknown film well at least up to this day which makes fun of prophet
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muhammad president obama said while the united states rejects efforts to denigrate the religious beliefs of others we must all unequivocally holes in the kind of senseless violence that took the lives of these public servants ambassador chris stevens and three other americans all u.s. embassy employees who died in the attack those tuesday night investors even reportedly died from smoke inhalation the angry mob set the consulate on fire witnesses say they also used machine guns and rocket propelled grenades there's a lot of that even ghazi libya was flooded with weapons to fight colonel gadhafi chris stevens himself play the next who rolled in bringing down the something that was pointed out by hillary clinton in the speech she said how could this happen in a country we helped liberate in a city we saved from destruction we also heard that a u.s. marine terror a team is heading for gaza to reinforce security at u.s.
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diplomatic facilities going back to the movie that instigated this deadly attack it was produced by a real estate developer from california who put its trailer on you tube something that very few people saw before a preacher from florida terry jones started promoting it the same preacher whose burning over a koran last year triggered riots in afghanistan this latest film obviously caught fire with mr with people in the part of the world where they don't just let things like that go was they did with the caricature of muhammad in a danish newspaper in two thousand and five that triggered a lot of riots as we remember also as they didn't like go with a number of other in. siddons the fury over this film actually started in egypt thousands stormed the u.s. embassy in cairo on tuesday at some point they were able to pull down the u.s. flag and replace it with an islamic banner muslim brotherhood which is now in power in egypt called for nationwide protests in response to this film the revolutions both in egypt and libya ended up with islam is seen in power maybe thinking leaders
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themselves are not fundamentalists but they do appeal to those with hardcore religious sentiments the kind of sentiments which spilled into the violence this tuesday night of the assault where a violent reminder that the changes sweeping the region have hardly dispelled the rage against the united states. going to count a correspondent in washington d.c. the independent news editor james colbert told us that the instance of byproduct of night his intervention in libya last year the u.s. is going to have to maintain their relations with the country in order to save face because what this really has to represent obviously we can't read too much into this situation at the moment because as you say it's sweeping across north africa right now but today in the libyan context pacifically we have to see this is a case of needles chickens coming home to roost after they were so complicit in the bombing the carpet bombing of that country last year and i think we have to see that at the very least this type of incident the storming of the embassy the
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killing of an diplomatic official just simply could not could not have been happened it would have been under unthinkable under the gadhafi government and the destabilization that occurred last year was not ultimately the freedom of the libyan people generally and making it a better place as unfortunately the american public has been told that was all about it was it was more of a destabilization and this is really i think something that we can expect more of in libya and in fact occur across north africa as it starts to flare up or you know . well we're also closely following the latest developments in the story on a website as well r.t. dot com explore further that the attacks on those that u.s. missions in benghazi in cairo as unrest into post revolution countries continues to unfold at the time line of the protests available for you as well r.t. dot com. germany's federal court sparked a motion considered crucial for containing the debt crisis has been raging in europe for almost three years now it approved the new five hundred billion euro
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bailout fund for struggling eurozone countries however the ruling comes with several conditions at his paper all over reports from berlin. the maximum amount germany will be able to put in is one hundred and ninety billion if they want to put in any more than that they can have to go to the bundestag and it's going to have to be a vote on it also both houses of the german parliament are going to have to be kept up to date with exactly what that money is being spent on it's a political success for. merkel she backed the system wholeheartedly and of course she's got an election coming up next year she couldn't afford any major embarrassment however the fact that it has to go through a vote in the bundestag and at the amount has been kept could mean that she faces a few internal problems inside the journal put german parliament if they want to try and increase the amount of money germany is going to give to those failing economies in the rest of the eurozone the five hundred billion euro ports that's
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not infinite it's got it's not a bottomless pit of cash what happens if other countries for by the way at the moment we're seeing greece needing that bailout money desperately what happens if all of that bailout money or too much of that bailout money spent on greece and say countries like italy or spain slip further into the economic mire does that mean that there's simply no cash left but there in terms of greece supposed i say they will be quite happy to hated this is gone through but there's a huge meeting taking place in the country on wednesday now that is a meeting between the heads of the coalition the ruling coalition government there they have problems they can't decide how they're going to make the huge over ten billion worth. of budget cuts they can decide how they're going to do that without hurting the greek people too much so it could end up if they can't make those cuts all of this decision in germany might have fallen by the wayside because the bottom line is if greece doesn't cut they don't get bailout money whatever the german
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constitutional court ruled. from the crisis of told to dog to specialise in the you lot of the school of oriental and african studies part of the universe to london dr thank you for being with us tonight with the approval of the rescue fund the other way then where next for the eurozone as you see it. well depends on your timeframe where next well first because there's a crucial election in the netherlands tonight so we'll have to have the outcome of that shortly after nine o'clock i suppose nine o'clock. central european time. where the next there are i suppose it's unlimited bond buying by drug yeah barely the president of the european central bank and thereafter will eventually i would say economic to.
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the countries those struggling countries won't sleep easy after hearing your words no i was going to ask you could they sleep any easier after after what happened in germany today you're saying no well not in the long term of course there will be a huge rally in the markets optimism will reign supreme for a short possibly air. slightly slightly longer in very short period of time but i think eventually i am convinced what was agreed today will not be just sufficient and it will not be a solution well how come all these are very learned very well informed people to learn this go ahead to letting it happen them aside forgive me i didn't quite understand come all these are very learned very well connected people who got their finger on the pulse are letting it happen them. well you have to ask then i can
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see how it could work could i possibly add two things you mentioned that the five hundred billion rescue fund was agreed today the figure i'm familiar with is seven hundred billion and in so far as germany's share is concerned you're right he said it was one hundred ninety billion but it's worth emphasizing again that it could be unlimited in the german parliament would agree to it and so far the german parliament has always agreed to further aid but my dad attitude changed do you think in the future now it's very difficult to say i mean the past is an imperfect guide to the view which so far the german parliament has always approved aid i think we are reaching a point where germany has spent so much money that she's locked in and parliamentarians will continue granting further assistance every time so it's
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a vicious circle that's what you're saying how do you get out of the vicious circle . the only way of getting out of this vicious circle which will be reinforced by easy place to draw. but that he will buy bonds to a limited extent. the only way would be the success of the savings program in southern europe. i can't see that happen yet could all big situation in southern europe is dire every decay should we have is that it's getting worse if you promise you will gobble up is government debt to about limited extent it will take away the said if. for cuts it will not enforce it and let's just make this clear again for the german federal court ruling today the fund was not exceed under ninety billion we've just been
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talking about will guarantee germany staying away from danger being pulled into the crisis itself you're saying kind of no you're. i'm not saying kind of no i'm saying no. thank you very much to bring on the lives much appreciated or to going to back specialists in the laureate so she diversity in london thanks very much. meanwhile the european commission president says the e.u. needs to integrate into a federation of nation states in order to be saved from the euro crisis however a number of experts believe the bloc should be heading the opposite way towards dissolve in order for member nations to recover sara first caught sight of the story. a federation of states and her political integration that's what the president of the european commission money has called for to pull member states out of the euro crisis nights and well the cools for the member states to hand move power the euro has really ruffled some feathers at westminster
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and has caused anger amongst us skeptics who say that less europe and not more is the answer now is evidence of that your skeptics point to figures that have been released the first time since one thousand nine hundred seventy britain is exporting more kids to the countries than it is to countries inside the e.u. and in recent questionnaire that was given to two thousand businesses conducted by the person chamber of commerce eighty five percent of those businesses didn't want further integration with the e.u. although only twelve percent questioned actually wanted to leave the all together now you are skeptics say that this points towards the fact that moving away from europe having least the relations with the e.u. is certainly not going to damage the u.k. economy in fact far from it and that should be the way forward now here in the u.k.
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under legislation passed by the coalition were any substantial transfer of powers to be made to the not would trigger a referendum head well to talk more to us about all of this we're joined by. research fellow at the taxpayer's alliance thank you very much for joining us. comments all they going to save us from the euro crisis. watch we've got to see commission finally coming clean about what the long term agenda for the. for what it's trying to do is trying to create all the powers that it's long been trying to. make. most of of a disaster the u.s. or disaster in order to achieve that that's not the answer more your piece is never the answer actually breaking bits off the european union if you want to opinion to work it's got to be less you not more and in fact in the past a commission the president has is repeatedly second sitting talking about doing
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less sure and doing it better so grabbing more is simply it's political ambition it's part of the reason why the european economic community settled the first place but it's not against the poor or present economic problems. you're listening to or leave the room there are search fellow at the taxpayers' alliance who's talking to r.t. sort of a correspondent in london. right now asking about top story the death of the u.s. ambassador in libya christopher stevens was killed in the city of benghazi during the assault on the american consulate there which was triggered by a film about islam made by u.s. director who are less we're joined by war correspondent eric margolis is extensively covered the arab spring revolt and their aftermath eric good evening the latest we're hearing from the region now is that choosy and police tonight have fired tear gas and rubber bullets to disperse the protests near the u.s. embassy there is the worst of the anti-american fury in the arab world still to come do you fear. i fear that it is the car because of the viral
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i hate this video provoked some of these attacks is just beginning to been seen by people on the internet but hasn't spread so far to india or afghanistan it is sure it is it is the most hate filled who earth video that i have ever seen yet you can't judge a whole country i guess sort of on a video that one or two people have made can you look very of course not american government has nothing to do with that it was made by and it's really american producer who backless wealthy backers of california and nobody knew anything about it until it's certainly loaded into the mainstream work the point is that it's clearly designed in my view to do two things first of all accuses the prophet
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muhammad of homosexuals a robber a bandit saying is a child molester another thinks it's done and so while most are true style it is seems the zine to whip up anti muslim feeling in the united states but my suspicious mind also be a provocation designed to raise that war feed her feelings between the us and iran . so where we are the moment the protest is it seems across the arab countries where washington of course supported revolutions last year appear to be turning against america all those billions of dollars spent to support these new regimes appears to be going to waste because of one amateur american film. well there's already there has been a lot of simmering nancy american feeling a right across the entire. it's there it's worse in kentucky sign and we're
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polls show there were ninety percent of pakistanis feel an american is the primary enemy america's net lot of bloggers here and it's made a lot of enemies now with the u.s. presidential race going on. in states and it's further inflaming the our world so. a number of small incidents the. car crash or somebody to provoke general fury. bucket on libya washington is now what it all non-emergency u.s. stuff to leave is it possible there could be a break off in diplomatic relations as you say it's about i don't think so because the current libyan government is very close to the united states and we have we must remember that this is tack on brands that are native in revenge for the murder of the killing of market duffy who reportedly his
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convoy was screwy by u.s. drone aircraft and captured. there are still a lot of progress. so we just don't know what caused this criminal attack i guess we'll find out soon of course the reaction from the u.s. that the perpetrators will be captured and dealt with tonight manned u.s. drones reportedly will be flown over libya to search for the perpetrators of the attack on the consulate there in benghazi where the operators of those drugs be authorized by the u.s. to kill as they do in afghanistan pakistan and yemen. i don't think so and i certainly hope not because nobody is going to be running around libya with a big sign on his back saying i killed the u.s. ambassador these are. militia groups that have faded off the ground will be impossible to aspire for years and i think this is just the token response member of president obama that was really criticized well i know ryan only for
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a week neither a response that the crime in libya so washington has been something life in color there was corresponding eric margolis thank you for your thoughts tonight your work . activists in syria say battles as a return have intensified in the country's largest city of aleppo with rebels trying to seize the international airport now under the control of government troops the airfields thought to be used by security forces to pound opposition fighters in other areas of the city now on sunday a car bomb attack in the northern part of aleppo killed at least thirty people and the new u.n. envoy is preparing to travel to the capital damascus on thursday hoping to get peace efforts off the ground meantime russia's foreign ministry says the u.s. and u.n. security council a quick to condemn some attacks but refuse to denounce others. in this world but it's gotten so far the u.n. has strongly condemned any terror attacks then our colleagues failed to condemn the
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recent terror attack on syrian security forces in damascus saying that it wasn't really a terror attack as it targeted those who fought against the rebels that explanation frankly shocked me but then we suggested condemning not just the attacks in aleppo but those across iraq as well where more than one hundred people died but our partners refrain from any strong statements which makes me think that their position must have changed dramatically and some western countries must deem terror attacks are acceptable when it suits them but i wish they'd refute this suspicion but for now i have to keep it. russia's prime minister to be to redevelop has said that the sentences given to the band pussy riot were too harsh and that their further confinement would be unnecessary three women from the group were jailed last month for two years after staging a so-called punk prayer in moscow's main cathedral bring us up to speed on this story tonight it's a developing one it's r.t.d. got piskun off now. if was being quite frank when he said that what you write
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it makes him sick and so do the hysteria and noise around this case over the prime minister did say that any jail sentence is already a tough punishment and perhaps any more time for pushing right behind bars may not be effective. but. the fact that these young women had been in custody for quite some time is by itself regardless of the verdict on the already very serious punishment for the dog that's regardless of the position we are taking which is staying in prison is retribution in itself under very strict months ago regarding the content of this act i don't want to be a judge's substitute but in my opinion will proceed the punishment they've already suffering if two and the time they spent in custody is more than enough for them to think about what's happened to their law it's whether it's because of their stupidity or because of some of the reasons. why were arrested shortly after the so-called prayer many calls and then she continues to feel it seems very right
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inside place to shift or to go to schools usually of this is in the hospital where she's across the whole country will be boys the city you know you can do a shooting a lot worst remembers up with your right was sentenced to twenty years behind bars after having been found guilty of proven isn't based on religious hatred but now the prime minister's words come right out of the moscow city court gets ready to start reviewing their appeal that's going to happen on the first of october so we'll still definitely be hearing more about the right. absolutely they will of course online up to dot com twenty four seven from us i'm a business too but katie is here right now for the business bulletin this hour in stimulus katie seems to been the word of the day here it really is it's been over a year so much today this weekend this year is the what and that's because that's one of the best is once that's. what they are hoping for right now looking at the
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markets it is stormy it is shaky and we and we are anticipating something that we've never seen before it's being called the triple headed stimulus measures and that's because it's going to be coming from the likes of europe china and the u.s. the printing of money to stimulate the global economy now to discuss this in more detail i'm joined by patrick young author of gathering storm to really. the topic for me hello to you sir thank you for joining us this evening now europe will print billions of euros to buy the debt of troubled nations is this the arts. of course not it's absolutely completely insane and what we're doing at the moment is a sensually we've got someone who runs a pizza store and they realize that their pizza is actually not very good and nobody wants to eat it so therefore what they're going to do is they're going to buy all of their pizza and pay for their friends to all sit in the restaurant and
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therefore they'll create the idea that there's a wonderfully good restaurant been round but everybody will know that it's rotten runs and pizza and actually the owners buying it back from itself this whole concept of trying to throw money at a structural problem when everybody is in denial of oil what it is can only end with a really really really scenario i case you're quite adamant that isn't the arts are but what is the art so that to deal or look at the answer the answer very clearly has unfortunately that people actually have to be held accountable they have to run budget sensibly and we have to do a grid do to actually get government out of the way because at the moment government has basically become drunk on its own power it is spending money left right and center and none of it is affective what we need to actually see is an armed bungling of the whole ridiculous government regulatory framework the opportunity to allow you to technology to come through and flourish you know only
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yesterday the british government came in with a whole new stimulus raph was a complete waste of time because actually what they're doing is they're effectively killing innovation in the banking sector and they're in of course we have a problem because ultimately there needs to be pay in the here and those me that means that the people taking the pay in will have to be people like bondholders shareholders and by people like that the difficulty of endlessly sticking up for our last a plus across the whole problem is not going to cure someone when they've got a terrible case of alcoholism ok so do you think central bank is a giving into the pressure of investors of traders or do you think of their being lazy why do you think they're doing this well what we have in the entire world economy at the moment is an absolute horse. leadership i mean the political class are all pygmies that's the one thing we can say about that pretty much without exception around the world the central bankers various ideological reasons for this idea that basically using artificial money to artificially stimulate the economy
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wouldn't work the simple truth is they've tried it at least a couple of times over the course of the last few years it hasn't not all that basically said is we're going to borrow even more money and if we therefore through our mind to the money at something of course we're going to manage to make it work that is not going to happen the central bankers are hostages of partly their own incompetence in not managing the banking business better but actually largely thanks to politicians who simply wanted the good times to roll were forcing everybody into the punch bowl throughout the course of two thousand and seven two thousand and eight and ultimately ignored the truth of the situation which was that the banks had got us into a terrible mess allied with the put the politicians i could talk about solutions then right now the euro is strong if it was devalued against the u.s. dollar what they speak good thing moving forwards well the problem is that it's an artificial solution i mean just purely devaluing the euro for no particular reason
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isn't going to help anything the problem of the day is that it's actually several currencies in one there's a kind of a star g. middle be a steroid and old affectively decaying western european countries like france who really don't understand what they do with their economy or hard to run what they've got a very strong export led manufacturing economy such as germany which is a powerhouse which really needs to have a very very strong currency attached to it and then we have this appalling mediterranean gap where you've got the greek economy which is affectively a fiction as far as the government puts it together and you've also got spear and were essentially the government refuses to understand that it is a huge structural problem it cannot create jobs. no one will create jobs and there's an incredible amount of property death over how you get plus all of the other different problems you have and really this is the sort of the qur'an and mix you know it all families are happy and one way but all families that are on happy or unhappy in different ways and therefore the problem we have with europe is that
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actually the europe is a hotchpotch which is a total mess it has not been run properly and it's several currencies in one and simply devaluing it against the u.s. dollar is just further kicking the can down the road ok patrick that's all we got time for thank you very much indeed for joining us today. author of gathering stan thank you very much indeed and that's all the business thin out the back of our fifty five minutes with another update on the market always good if patrick isn't it was good so interesting interesting to get the words out katie now shortly we talked to one of russia's richest people for his views on solving the global financial crisis is well worth a listen to what i have to recover of our top stories in just a few moments the next.
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