see in two thousand and eight the poorest homeowners unable to meet their mortgage repayments began to massively sell off their properties the real estate market collapsed and along with the banks who become embroiled in the subprime loan. on september fifteenth two thousand and eight the death of lehman brothers the fourth largest u.s. investment bank marked the beginning of a huge financial and economic crisis that would spread worldwide. the likes of it had not been seen since the great depression of the thirty's a wave of corporate bankruptcy is followed with considerable loss of jobs. people blame the bankers like here in iceland where eighty percent of the banking system collapsed and even more so in greece where the state teetered on the brink of bankruptcy. with the crisis public debt skyrocketed as did household overindebtedness

a veritable scourge that would affect one person in twenty in europe especially in the u.k. . five years the guy me and my husband split up. i actually kicks my husband out and miss out a big impact on my children so i think at the time then i had a lot of making up to do to them and at the time i thought that the way i needed to make up to them was financially so i would just try many out them and christmases i would go ridiculous and would take this amount of money not thousands of pounds on stuff they didn't need and quickly they probably play with once they go in the water. so i straight away if i was certain i did it i took out a loan but then one line was not enough so i had back then i took another one to pay the loan back. to how to start game bigger and the debt. and it was spiraling out of control. like many other british people.

sharon fell into the trap of easy credit with online catalogs where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go online and go yeah it's my name my address my details yeah thank you very much money's in your account so i made them made it too easy for me to get into debt. as for philip he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. whether i do or did three very well because of the worry over the weekend. i was actually going to bed over in a wooden like row because our god got so. to get a bill to apply more scared me so much. i didn't know what to do.

i'd lost complete national company or worse. go to a few hundred looking for money. or down to a phony. one of the clubs would i feel from pride that i wouldn't pardon that that money. you know the bankers were how by the government the banks got into trouble and all the big bankers got big. government by the banks but i didn't think of the ordinary the ordinary men and women that. lost money through the bank. through because the bank to banks have been helped by the government. the infrastructure for the proof of the contrary to all but disappeared and you know there were a lot of coach. i'll just find to make my on you were to me because

it's changed yeah i'll go on if it is in front of me all right. thank. you but yes you want to speak to us that's fine let me let me just get everything up here for you sharon regained hope thanks to the advisors at step change the u.k.'s largest debt charity which specializes in debt problems in two thousand and fifteen they advised on average over one thousand five hundred people a day because in the u.k. the price of economic recovery has been very liberal austerity measures the driving down of wages and drastic cuts in social welfare. the definition of problem is not straightforward our government defines it as anybody who has been at least three months behind their debts in the last six months. eight point eight million people in the u.k.

bad things can happen you become ill you lose your job your relationship breaks down here become a casualty most important in most circumstances is you could help to get back on your feet because the cost to wider society of people being in debt are here huge over half the people who come to us have had to go and see their doctor about mental health or other issues just to give you certain general enforcement types of panic with the inforce city. they do need to me peaceful and healthy into sound because what they'll do them to do is a controlled good. so i know you know that it. takes to keep the door shut tight in fact again and so. at the time i felt like it was just may and i would else was financially following and it was only me. who was suffering. sorry. and i was the only one. that was actually having to do with living like this

and living with the fear of losing my head a milly's not upset being homeless with my children having my children taken away from aches i couldn't look after them properly. by way of a strange paradox people who are deeply in debt feel terribly alone and yet they are increasingly numerous. in france over one person in ten admits suffering from financial difficulties like dominic who was made redundant three years ago in strasbourg. he has resolved to go and see the creases association whose initials ironic a stand for. regional chamber for social overindebted this has become a mainstay of social assistance for those who find themselves in a financial dead end twenty five associations in france six hundred voluntary staff

who would like step change still engage in face to face interviews relique. if you want to. let go thank you all they do although i won't walk into the fever. not on that of the. thought of innocence i wanted to move through it was a joke. no. less interest royally that existence i'm looking. through almost surely. it was only for the thirty. second. critical so much room so far. it's.

going to be more. than one called home. for me with the families. it's interesting the. city is just. what it was and. it's what officer who. used the voluntary advisors are

often former bankers who now retired have decided to change sides as it were their kind of repentance here the volunteers share their past expertise like the chairman of cases strasburg. a former lawyer a voluntary advisor for ten years and a tireless militant in the fight against overindebtedness. last. movie the. day the don't. tape us. bustle. and low on the whole court to.

see he did the. last. day i don't know. sick it would do for. this. city for. cobol. to say she.

said the unique mob accepted that the sea sick of any dish if you. put all in our yoko. the city some point or a. false. right i say i don't know small but i feel quite hot. for new york he says he can see he says he she did. fall in a slip there your local. pub was a bit up the old if you contin fell made buddies you expect get up at sun good necessary. to. call segues a cigar of made all that. supper table so why don't you get me said i would call it was all said you got to go to name that sick i'm still a bit up to. supply somebody that won't let up simple mickey all they. say

we could if i didn't your case you. give so crowd if i must have sensed if i want you to prefer. simple and use. said i'm out of town a feeling of. credit to you little itty there's been a good to have been increasing and yes a bit of school at the. pool but i had turned that little bit ago and. there's anybody. who can. see him. in iceland where the two thousand and eight crisis really hit hard fanny whose house was repossessed is now desperately looking for

a new. government measures to reduce household indebtedness were insufficient to help her she's been taken to. a i.

traveled across the united states exploring america's deadly love affair with the. bad guy trying to. say he would have. been killed in the u.s. . this is a middle school we go through drills and we put ourselves in real scenarios it was to see. to the subject to try. each gun owner who i'd met and photographed those years ago i don't know this but we are not.

manufactured to public wealth. when the ruling classes to protect themselves. in the final go round. the one percent. nor middle of the room six. million real news. international community continues li emphasize about one zero or united iraq this as a slogan maybe an approach of the politicians but in reality on the ground iraq is not one and the record was united and years kurds are not the ones to be blamed for what is happening in the rest of iraq and the direct wrong direction is that iraq has gone through.

like many of the inhabitants of this little volcanic island in the north of europe fanny founder self overindebted despite having made no mistakes because here most mortgages our consumer price index yet due to the crisis and the fifty percent devaluation of the icelandic currency inflation soared as a result mortgage repayments suddenly doubled and many icelanders found themselves drowning in debt. along the memel are. going to get most to sit. out of it even know i. or how a book. with a woman it was a mock up get hyped up along with stuff like las vegas to

a good job. it took me. the. most expert know all the talking to assessment. of fame. when spread liberty you wanna. come. in the millions to. one who had taken a loan me. to toss eisemann a police escort. off the queue who searched. the book at the bar through the hole in the roof and with the bar thrown millionaires do you. think.

you come off the millionaire but the old. testament communion that you've been imported. solomin you. acted like. nothing. after. million if. you lose. as long as a person can pay off their loans they were given the red carpet treatment everywhere but once that person can no longer meet their repayments things get more complicated today most consumer credit companies have been acquired by major banks . i credit. debt collection agency i'm very eager to stay in touch with our clients you see it is trying to keep them in congress and that means you

should look at your bank. account states and you. will see you know. what but the basic stuff it i think you have certain of what you're going to show you. don't want to work against people change. the took a look at the bill because fellow colleague paul. excuse. me. this you'll. need to let that them all to see will. they be flown. on they take it is it was it made them. me it was it. was a week of it was invert they'll see where you. like let me suspect. not. to trust or to encourage. you to do. what we.

want. to know i. do trust. clearly to steer through. a deal was i think simple something i need to. say here. if you nine hundred. sixty two to see two to know these three include the successor new zealand it will. in the autumn of two thousand and eleven americans took to the streets on mass to protest against the greed and cynicism of their

banks who had made huge profits selling toxic subprime loans to pull the knew that if they got into trouble the state would step in to eventually bail them out because given their financial clout the whole system would collapse if they were to go under there were simply too big to fail. one of the leading figures in the occupy wall street movement is the american anthropologist david graber a specialist in the history of debt and one of the inventors of the slogan we are the ninety nine percent of those who own less than the richest one percent there was about a period of three or four months after two thousand and eight where people. were all saying you know what is dead anyway what is money what do we have the systems

why is find it so important is this even capitalism to even want capitalism paul open question seemed to be open because everything we'd assumed turned out to be wrong socially for thirty years they've been. saying well you know capitalism might not be a very pleasant system but it's much better these people who are running the system might not be very nice people but they're really smart and they're the only thing that works and there's you know they know they understand what they're doing you don't just shut up and leave it to the experts and it turns out all these people who are supposed to trust their expertise were either complete idiots or scam artists or both how they could imagine it would lead to anything else is beyond. what would it be.

in spain widespread evictions by the banks of over indebted families gave birth to a vast civic resistance movement in two thousand and nine and barcelona outraged militants set up the p. h. platform for victims which currently comprises two hundred fifty neighborhood associations across the country. and. the laws. said that it doesn't need professionals they eat. in those. means that i think is emotionally he said he. said yes if.

i get. the. but i think i mean. there are people those eight million me and if we imagine that's where mrs miller is a veteran isn't honest of course the most that is with his match on me an e-mail you know they feel mass. and this made. us know in. the your understand there man that the main objective was to reform spanish mortgage lending laws according to which when a bank repossesses a property the outstanding debt is not automatically cancelled with the bursting of the property bubble and the plummeting house prices many families found themselves up to their eyes in debt even after having sold their homes. in madrid the ruling conservative people's party plucked the reform but in barcelona on july

twenty ninth two thousand and fifteen it was unanimously ratified by the catalan powers thank you for the racist las. but i guess i mean yes. a lot. but i was there south yes any particular like you live. in the south yeah. when they. look anything. like you left. you out there is the. so locals even that. i mean. make. me.

into any. there's interest of either as a lot of them as in the whole bit of messenger stuff other. company b. soul and their warm. and those new series and the people are starting to see more better would know that he was doing by the way me higher was completed. in those and when daniel woodrell. in the last the last army as. a second but what was interesting with tommy there were those that will go in that is the end of their time this is the thing one time you know there's minerals you're in no way on us in battle and they pay sawdust into. the capitol so i mean this is and i mean little does is less than see the little in that is. that this is

a way to get our personal debt. in a silo so you're not all right maybe if they. this situation is particularly worrying in the northern european countries in sweden norway finland and especially here in denmark where the rate of household debt is currently the highest in europe three hundred percent of disposable income double that of the u.k. triple battlefronts or germany over the past twenty years the danes have gotten massively indebted encouraged by governments made access to credit very easy.

is it even possible how can so i'll be so to horrible any other clinton became a less popular than ever it's a real challenge is god i guess being the. failed wife of a psychopathic wall street loving commodity futures enabling nut jobs bill didn't help. prescribe medication is widespread on the us market and a frequent cause of death at that point in my life i just felt like everything was ashes my family was literally coming unglued i had actually planned. to commit some sight was all who was made antidepressants so commonly used we were doing what the doctors told us to do we were being responsible and what the real side effects. was just completely alter what i did was done on

a cocktail of legal drugs. just because something's legal doesn't. to sing. their praises for a single purpose. they have a superman. they start training very young. eight months of intensive school. rats. and they save lives. nobody got a lot of martial and. islamic states claims it was behind the month just a terror attack by the militants front so kill the priest every time a terrorist attack happens all these people are out there screaming isis is so bad someone needs to do something against them and for me was like yeah why don't we

move in something and. you. know all those numbers. and. nothing but a couple cases. you challenge them a check if these chinese hafiz whom. i was going to become how did. the who kill innocent let me show. i. was going to go. through.

u.k. police arrest an eighteen year old in connection with friday's bomb blast on the london underground islamic state claims it was behind the attack that left thirty people injured also. in a show of defiance against the spanish government can plan officials throw their weight behind the region's upcoming independence referendum large crowds also turned out in support of catalonia secession. talks in kazakhstan on the syrian crisis yield a crucial agreement for deescalation zones in the war torn country and includes

province which is mainly held by forces opposed to the government. from moscow you're watching r t international with me rosana lockwood thank you for joining us british police have raided a paul mones in the southwest of the capital in connection with a terror attack on the london underground on friday properties in the town of sunbury have been evacuated and cordons put in place it comes just hours after the arrest of a nineteen year old man who suspected of plotting the bucket bomb involved in the incident islamic state claimed responsibility for what's become the fifth terror attack in the u.k. this year at around eight twenty am on friday an improvised explosive device went off inside a train pulling into parsons green station a left thirty p. .