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tv   [untitled]    March 26, 2013 2:00pm-2:30pm EDT

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fifteen hundred separate students march in nicosia against the controversial bailout deal saying their future has been stolen that's as the chairman of the country's largest bank resigns. consistent with hanging that's the verdict following a post-mortem on the russian tycoon bodies but as. suggestions he took his own life . emerging powers the leaders of the brics group convene in south africa with the summit promising the establishment of a new development bank expected to reshuffle the international financial scene. international news and come in live from our studio center here in moscow this is
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the twenty four hours a day. more than a thousand students protested a nicosia against a last ditch bailout deal the government struck with its creditors on sunday school and university students marched to the presidential palace in the capital chanting slogans and saying their future has been stolen that says the chairman of the bank of cyprus the country's largest financial institution resigned when all banks in the mediterranean state remain closed until first day to prevent a massive run on accounts depositors with over one hundred thousand euros and two of the main banks could see about forty percent of their assets taken to raise money for the crucial. reports now from nicosia. this like a bank is that back at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one. hundred thousand viewers that are uninsured will have to take a huge here
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a lost whatever money they have here and many cypriots for the past week have begun to motional rollercoaster wondering what is going to happen to their money to their savings every look at this example one day it was here the next day it is it and they're wondering is the same thing going to happen to their jobs or their savings to everything else they think they have precisely what did you choose and tonio and manager for the country's biggest bank the bank of cyprus has been thinking all through this roller coaster week for the first time in my life for fifty four thirty years. i want to be the last week in especially. if. i was. just to. be more. to stop by. the bank of cyprus according to the deal will function as the good
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bank and will take all deposits of less than one hundred thousand euros from like it will however also absorb the debt. in loans which like you receive from the european central bank as emergency funding assistance a detail that anger. is like they want to push. and while this employee the worries about the health of his bank other cypriots worry about when their banks will reopen if at all we have no cash we just choose. him waiting to get something. for hello and while this year a group of pull. off a complete banking meltdown for many cypriots the feeling towards the uk is one of frustration. yes but it's about the power of the time we get to the piano it was
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a disaster for us it wasn't. meant to be fun with the pounds. from. january two thousand and eight when we entered the only other side upside down so slowly so you have to this kind of situation so now we have such. a situation to have to wait but. today come it's going to take so long and for now cypriots are forced to wait for banks reopen for cash to start flowing for jobs and life savings to be secure again. does or sylvia r.t. nicosia cyprus krystle's to most of the media is this a member of a media group wake up cyprus believes that the actions of the e.u. leaders have jeopardized the entire cypriot financial system i don't think that
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it's correct to speak for the bailout because this is not the bailout it can be best described as an overnight assassination because with the decisions that have taken a little group they have pretty much destroyed forty percent of the economy and now they will also add on top of the debt problem that we have another loan and you can obviously understand that the math does not work but facing a new party in the european union this is the first time that he has this has been done but it's like planting a bomb in the structure of the financial system itself therefore i don't see how any any best or people can teach their mind in the banks when now that we have a program twice or even more as bad as it was before then obviously there will be a phrase for a new levy on the deposits so how are they expected to keep that the poses in the banks and if they will not have the banks supposed to continue. well to speak about the ramifications of the so-called unique cyprus model we're now joined live by
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auntie's contributor afshin return from london action up until now of course bank deposits in any bank would be viewed as sacrosanct but is this not a necessary sacrifice for depositors to save their money in the long term well already analysts now are saying that the latest provision to destroy cyprus the second largest bank to. keep the first one going isn't going to do anything but perspire own the euro zone melt it it's going to postpone things but it's this has it's going to necessitate it as it were the the argument that you're making well presumably christine lagarde of the i.m.f. was making it as her flat was being raided more than ten percent of a flat presumably was studied in their own corruption investigations which she does deny but the main thing about cyprus is this is a clear example of the euro zone elite and let's face it right from the start of
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the euro zone project was an elite system at the expense of the poor and the poor out there demonstrating in nicosia right now in cyprus because they see that the confidence in the banking system is about confidence the initial panacea that they had to hook to the poorest people in cyprus as it were has already created panic and well it's the name of the bank governor and there is an obviously not good news for cypriots but there are some people who are saying this could have a knock on effect this means that people's money is not going to be safe anywhere throughout the eurozone but the officials are saying this is a unique one off measure do you believe that. the banking system of the euro zone presumably is interconnected that's how they were able to find and create the euro system so of course there are deep into connections between all these different banks and all these institutions so this if
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anything will create more judges and people be watching tim portugal people already are let alone greece because the only perhaps good thing to come out of it is that the i.m.f. and e.c.b. won't make the idiotic move on immediately causing massive queues outside the bank like banks but in effect the fiscal demands that are made by brussels and berlin and such that they are going to do that anyway of course is going to stretch further for the french for french finance minister said it was the separate offshore business model actually brought the country to its current state i'm reading a quote from it but there are similar economies like cyprus elsewhere on that of course. of course is malta and there's a luxembourg in fact the maltese leader is already here publish one article saying well what would happen if it happened in malta it's very interesting this is all coinciding with the brics summit in south africa because it was the brics countries that reacted best to the two thousand and eight crisis why because they have much
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more state involvement in the banking system whereas in the euro countries where looking at right now and of course in the united states the government acts as a quasi private entity in itself and along with that kind of private for profit idea within the banking system there in line the bubbles that will ultimately according to some analysts destroy chinese coolies western. just briefly actually many are saying that if cyprus went bankrupt then it would be then it's exit from the euro zone and indeed from the e.u. would that not be the answer that as along with greece many have said that that could be the onset could that be the panacea. i think the great surprise to many of the non elites the ninety nine percent of europe is that cypriots and want out there on the streets demonstrating much more than they have been doing in the past few hours they should be occupying the banks they should be in there demanding that
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cyprus leave the euro forthwith the euro has been a disaster for the poor of cyprus has been the elites and of course there has been some trickle down but this business model of having the lowest corporation taxes in the euro zone to attract funding and attracting money i shouldn't say it's all about laundering money because the mainstream media love to say oh they're just laundering money therefore they should take the punishment i'm sure there's more norm good money in germany or in berlin or or let alone in london where i'm speaking from but you know that business model has been shown to be short term gain for a last long term pain and. we must remember to militarize society let's hope elements like the golden dawn the fascist party that's emerging in greece that kind of crash doesn't again rear its ugly head in cyprus after the current troubles but this is a small economy would it really matter if cyprus did leave the euro zone or would
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this have huge impact on the confidence of the eurozone and of the whole initiative . it would matter for cyprus if it left the euro zone because this is the way out for cyprus whether it would matter for the e.c.b. for the institutions in strasbourg and brussels i'm sure the mainstream media we'll just when we have their publics around to thinking all is all right this these are just oddities and normally these things will go on but of course as other countries then leave the euro then we will finally see its collapse and presumably some new way of organizing these economies in europe in the euro zone has been a mitigated disaster in reaction to what happened to lehman brothers and so on back in two thousand and eight actually return to live in london thanks very much we thought it was good to hear from you thank you. well we would like to know what you
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think about the turbulent situation in cyprus head to our web site r.t. dot com to participate in our latest poll today we're asking what is next for the country now that the bailout deal is sealed well so far the majority looking on the screen here we can see that. forty percent of you saying that there will be a total collapse of trust in banks aggravating the financial crisis over thirty percent predict the other countries are in line for a similar bailout deal about a fifth think that the terms of the rescue will result in widespread protests while a minority eight percent there believe that cyprus will eventually exit the euro zone something i was just talking to afshin rattansi about had to r.t. dot com and tell us what you think because you hear from me. plenty more still to come this hour including hungry for the truth the u.s. military admits the number of hunger strike is it one teller's a has risen again but continues to deny most of the detainees there still of being themselves that
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after the break. almost since the new pope was chosen the calls for reform are analysts everyone wants the new pope to allow this and to allow that but the problem is that the catholic church is a religion not a product and people don't like the way a pepsi bottle looks while the company will have to in theory change it to meet public demand but the pope claims to represent the will of the creator of the universe the pope supposedly holds and protects an ancient an eternal truth so how can you expect this eternal truth just up and change because of public demand even though they pretend like adult religions do change over time but how can you expect the pope after hundreds of years of saying that people would be condemned to the fires of hell and eternity in a charred walls of the damned for certain sins just now say well i guess those sins
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are ok if you are catholic and you want your religion to change constantly then why do you believe in it why bother having principles and rules in the first place supposedly given to you by the almighty if you're just going to change them whenever you feel like it i don't get this but that's just my opinion. i mean so the only city in europe and the hosts of the twenty fourth seed which are the big. thank you you. thank. so. i.
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guess. he continues her naughty a post-mortem examination has revealed the death of the russian self exiled tycoon bodies but is also he was consistent with hanging his body was found in his u.k. mansion this weekend an official inquest is set to be open on thursday. as the details. the investigation of course into the death of birth ongoing they've released the results of that post-mortem examination carried out by
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a home office pathologist this found that the cause of death is consistent with hanging but there's no sign of a violent struggle no you're remembering and earlier statement from the police they said that there was no evidence at that point of the investigation of a third party involvement now they're still toxicology tests to be carried out and the results of those aren't expected for a couple of weeks the forensic examination is still taking place boris berezovsky is home and today the formal id procedure is actually going to be carried out as well to identify the body with the hugely controversial character that you had in boris berezovsky those always going to be this huge amount of intrigue and speculation now in a previous statement the police it said they're now trying to build up a picture of the state of mind of the man in the last days of his life i think a lot of people di feel that that's pointing towards police looking at the possibility that this is a suicide that of course no confirmation on any of these details safe are now other
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unconfirmed details that have come out during the course of the last few days that there are reports of a scarf found by the body there are also reports that the body guard in self was actually asked to run errands on the morning then this of boris berezovsky died as it had actually been in the home at the time of course the police had said that the employee had then come back being concerned that his employees welfare and has broken down that's awesome still where the body was then found in separate pieces to this case in the last days of his life. he had given an informal meeting to journalists in which he'd spoken of losing the meaning of life and again reiterated this longing to return home to russia to quite a sad picture i think really this being built up but of course so many unanswered questions still at this point and i think that's very much what the police are going to be looking to do now is pull all this information together and try and
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answer some of these questions that remain as the investigation now progresses. after years as a shady power broker in russia's politics in the ninety's but his office he fled multiple financial charges by moving to london from where he's still trying to pull political strings. he's an independent expert on russia feels that bears or ski never believed he would lose hold of power i don't think that there's much doubt that you know barry's ascii thought was somebody that he could control that he would you know let's previous financial dealings the water under the bridge and of course president putin said no he stood up to the oligarchs when he was first elected in this was the reason that. we quit russia a number of. friends and confidantes. very depressed and that lost meaning over the past couple of days we do have to remember that just loss of extreme high profile people. which not only the financial corp the british
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judge at attention we called him a liar on record i mean it's. a broken in defeated man a new powerful institution the brics joint development bank is set to emerge in the international financial arena that says the fifth annual summit of the world's fastest emerging economies has kicked off in south africa the leaders of brazil russia china india and the host nation this year are joined by egypt's president morsi now he is hoping to book a place in the club. is. hard to underestimate the importance and the potential off the brics nations first of all the combined population of all the five states is nearly three billion people you can truly understand the potential in that also the average g.d.p. growth last year was four percent while in the g seven it was around it was last than one percent and so while there is big potential and there is big ambition and
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very similar positions on international affairs russia and china and the un security council but what's the key idea of this organization is that it's not in opposition to other international organizations but is only for international cooperation would be when and with everybody who wants to take part in fact egypt has been clearly voicing its desire to possibly join the organization as well what we're witnessing now is the transformation of bricks from a dialogue forum to a full on mechanism for split cooperation and one of the issues you discuss here in south africa currently is establishing a joint development bank possibly with a had quarters in moscow and with a starting capital of around fifty billion u.s. dollars now also last year at the bric summit in new delhi of the five partners the five nations decided to conduct all of the payments between them in their national currencies to protect their economies from things like currency wars or the consequences from the change of the rate of the dollar and in connection with this
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there is also an idea of forming a bank for international payments now another issue discussed here in south africa is also establishing a joint emergency fund with a capital of around two hundred forty billion u.s. dollars which is very important especially in light of the latest turbulence of the global economy and specially troubled new trouble in the euro zone and analysts say that the way it's going now is that we could also expect. the forming or the funding of a joint headquarters in the near future. and chief emerging markets economist neil sharing says the new joint development bank will become a serious alternative to the establishment we can see this political terms at least it's been a rival to say that well it's going to be able to resize my attitude certainly and i think it's going to be focused mainly on lending to to the developed the
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developing world. particularly to talk i think the key thing thomas tucker says that although there are very large economies in some ways about that then very different economies china india much larger than russia was in a rush of much china and india perhaps the thing that's behind it all to get past a year or so is that each of us starts to run into really growth growth challenges but i think this is a this can be a thing we see the next five years is that growth in the economy so that is going to help the united states at the developed world. the u.s. military's admitted the number of hunger striking detainees at guantanamo bay has risen to twenty eight but officials continue to deny allegations most of the one hundred sixty six people held at the facility are trying to starve themselves to death in protest at their indefinite detention and the military is now making the
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facts harder to verify that is going to come on explains. despair among detainees grows now even their lawyers are denied direct access to them attorneys say they had a visit scheduled for early next week with one of the clients who lost thirty pounds since the strike began at the beginning of february that visit was approved by the military but the attorneys say they've just been informed by the authorities that they cannot visit the client because the military flight scheduled for next week was cancelled also most recently the navy decided to discontinue commercial flights to the camp so tourney's are really struggling to find out the true extent of what's happening in guantanamo now as u.s. officials obviously try to downplay the hunger strike more criticism is coming in from the international community with her criticism from the u.n. commissioner for human rights very strong words from amnesty international they call guantanamo an american gulag this is what the head of their security with human rights campaign said quote instead of justice for the nine eleven attacks one
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tunnel has brought us torture indefinite detention unfair trials and hunger strikes so i made a very broad international criticism of what the u.s. officials basically nothing a few months ago a state department shut down the office that was working to close the prison which effectively means that the detainees are stuck there in this legal limbo indefinitely their attorneys fear that we're going to see more suicides human rights organizations say there were hundreds of suicide attempts at the prison at least seven suicides have been reported so far including a detainee named. he had spent eleven years in guantanamo he was cleared for release by both bush and obama administrations he took his own life in september last year a law professor ramzi consume represents guantanamo detainees and spoke to me a little early and he says simply a lack of political will in washington to close the notorious facility. almost every prison there and catch five six but the overwhelming majority of the prisoners in guantanamo are participating in this hunger strike and it's been going
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on since february sixth. their lives and the first there are some other prisoners who you know when i hunger strike for as long as you know four or five years is actually one for the present time always been on hunger strike for you know six years at this stage the reality is. over half of the prisoners in guantanamo have been approved were released by the us government and once processed and the fact that there is there without charge of the process you know the eleven years after the person or the person is also named is a big problem and that's why that's one of the main reasons that the prisoners are hunger strike the obama administration does not want to release guantanamo prisoners because it doesn't want to expose itself to criticism from republicans and so regardless of the promises that everyone is hearing from the obama administration that they intend to close one side of all those are empty promises because there is no political will in the u.s. government to actually deliver on that front i don't know that there's much hope
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for accountability in the united states there are many cases that have been brought on we have. brought this case wasn't brought on behalf of the prisoners. of war the as i can believe that because i think their families in places like saudi arabia never bringing claims against america or fortunately all of these claims are shut down by the american courts and. will be a stain on the reputation of. reputation. forever. the taliban says it's behind attacks that killed five afghan army officers and wounded four others in eastern afghanistan earlier on tuesday this comes after afghan president hamid karzai said he is ready to talk with the group when he visits qatar in a few weeks washington's been pushing the country towards peace negotiations ahead of the u.s. handover in twenty fourteen but political analysts have been hakimi believes talking with achieve little amid the taliban's growing influence carries
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a has been willing to bring the taliban. to negotiation terrible sense many years and still here is where he is willing for willing back to the problem is the taliban has refused to negotiate as with the government of afghanistan the problem here is that the taliban still are strong going to get this country and this to believe that he finally can defeat the united states and the government of afghanistan and can back to the to the power as the war and nineteen . ninety s. if the united states leave afghanistan in this situation. or is a three judge government in four weeks curative forces in the air as for it interference in afghanistan in this situation if the united states leave afghanistan it will appear more and more in the future it would be extremely costly
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for a far for the united states interests in the future because the taliban the taliban is gaining ground in the taliban is growing and insurgence in many parts of the country is growing at the same time the support of. foreign countries and regional countries still is or on the way to the taliban because of this it is absolutely a complicated situation and i believe it is very difficult for the you may just it to leave this country in this situation. if you live here in moscow i'll be back with a news team with wolf in about half an hour from now in the meantime business with katie and katie of course what we're watching the bric summit taking place now in south africa as you well big business interests there of course of course with focused on at the moment and really the eyes of the development bank how it would really sickly compete with the lights of the wallbank in the i.m.f. so we've got x. but analysis on that i'm going to go to the markets of course as well and also focusing in on or prices tehsil coming up after the break of course but in the
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business but listen thank you thanks enough. to. join thousands of gadget guru squawk into the mobile world congress in barcelona for research and handset makers try to get their groove back. and software superchargers hope to spin previous success forward russia's gen dix turns up the heat on google and despite a new twist on infotainment it's not just fun and games often overlooked video engines pretty well the streaming club or just to the palm of your hands and there's a new player in town looking to show that too isn't that better than one. day on a.

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