remember the greek financial crisis? there were more demonstrations in athens today, as workers protested new labor rules. but here in new york, greece's prime minister told "nightly business report" his country's reforms are working, and the economy is getting back on track. >> jeff: susie, prime minister papandreou says greece is meeting targets set by the international monetary fund and the european union, after receiving emergency loans of $140 billion in may. and, he's encouraging american business to invest in his country. >> susie: i met with the prime minister a short while ago. my first question: what's the state of the greek economy? >> we have made major changes now. the economy is in a much better state because we've cut down the deficit by 40%. we are getting a vote of confidence from sovereign funds such as the norwegian pension fund, buying greek bonds, and recapitalization of our major bank, very positive. and there is a new confidence in the things we're doing. >> susie: but, mr. prime minister, many eco

get credit so this is the reason why greek and sours are all over it so after such an experiment and every country will come back to to stable condition so you can. one key is the value of the currency getting back competitive business which is very important for proctor better and so i was a. bit appreciate and diminish may be explored surpluses but again more prosperity in the home markets so each country of see you and build five against its national crisis for its national means and overcomes a crisis so it's a much better concept to master financial and to real economic crisis some economists say that europe will emerge from this crisis in better shape than it ever was before what do you say to that it's a moment your whole is subsidized currency so it is a v. currency but it is subsidized by a high inflationary intervention of so your central european central bank. which is the beginning of inflation period for you or. inflation for you means weak if not in a currency which is intolerable so since see two thousand years of monetary history all countries running and that it's li

it is chick to be greek.are at saint helen's greek orthodox church where they are geared up for the 50th annual greek festival. we'll tell you why you want to make it part of your greek plans. it's all live next on fox 5 morning news. stay with us. n >>> a great greek celebration going on this weekend at saint constantine and hell edge greek orthodox church here in northwest washington. >> holly is there as they get ready to host their 50th annual festival. that's a great milestone. >> reporter: and i think i've been here for at least 47 of them, and i'm only 39. but listen, there is a reason why we come back and preview this festival each and every year. it has wonderful food, it has wonderful music, but most of all it has wonderful people that put on this festival. and it is with a great pleasure that i introduce you to georgia franks. georgia, how young are you? >> 39. >> reporter: we're the same age. i have to get your night cream. you look good for 39. >> i think so. >> rep

nearly doubling the greek total.onstantakopoulos: all in measure... i think measure is very important. 6 are too little for greece. 100 will maybe be too many.... so there is room for golf i think but of course i said before it has to be viable, you know environmentally wise. you know there have to be in places that there is water, where is land and where is no primary location but at the same time they have to be clustered.3-5 golf courses would make you know a destination. >>reporter: this resort also helped pave the way for others. napoleon tsanis investment company is developing a 70 million dollar resort designed by tony cashmore. >>tsanis: since tony came here in 2003 - 2005 when we started, he's gone to china and he's actuallybuild 34 golf courses in china... so that also gives you another perspective on how golf is growingin other countries. now you know if we had those sprouted around greece, there's your regional development, ok, there's keeping people in jobs, ok, there's attracting tourism. >>reporter: an

it is part of the greek festival.e back and tell you why they're doing this when eyewitness news continues. >>> first here are yesterday's winning lottery numbers. love it! ,,,, bob ehrlich pretends to be for the working guy... but he's not on our side. i thought i knew bob ehrlich, but then i found out... he raised property taxes on every maryland family... and business. he increased college tuition... by 40%. 40%. and i thought i knew bob ehrlich. he was against raising the minimum wage. made $2.5 million... working for a lobbying firm. $2.5 million? he's not really on my side. with this tough economy, we really need a governor on our side. >>> welcome back to eyewitness news saturday morning. right now we are coming in at 7:17 and it is 72 degrees outside. what a fantastic sunrise this is out there. enjoy it and it's going to be a warm start to the day. 72 degrees is where we sit right now. 70s across most of the map other than 60s in the mountains. 73 in annapolis and kent island as you start off your weekend, we'

there is a reason why this is the oldest and garagest greek festival in d.c. it's not only the people that host it but the people that come out. tens of thousands. this is a destination spot. and i say the people are good and the food is good. but forget about that. it's about the sweets. and george is here with me and he knows because he is the expert on all things greek sweetness. >> i do wish. but i love every one of these. >> reporter: and you also know how to make them. >> because the lovely ladies hem them and they do a fabulous job. they are homemade and using the best ingredients. >> reporter: when did they start making them? >> several months ago. and today they are making the baklava and dipping the other cookies and honey. >> let's go down the line here. >> these are delicious cookies which are dipped in honey with the orange nuts. the wedding cookie, the short bread is wonderful. the shedded feelo and inside is the walnuts and the silk and honey. the baklava which is the post favorite. the cookies are delicious to dip into coffee or tea. >> reporte

group of currency experts who filed a suit with the constitutional court in germany against the greek bailout. very much for talking to me now tell me about the complaint that the court. is illegal because. it will be in community. complete the. proper very simple reason a country. has to be. really not. monitored to be so no it's a precondition for your having. to feel so you'll never be in future. because. spain. maybe if. so it's a real fear and it's going. to become very very. inflated and. that this is a complaint. must be for. so you maintain that under the terms of that treaty a bailout is actually illegal what outcome do you hope for if sykora is sharing. in german participation. be stopped and i think we are coming back to. stability probably you see which is now freed in a way maybe greek is forced to opt out and why not because the country is not very happy to see your country receive the economy cannot share monetary crap having hard towards for the ability and hard currency and what effect do you foresee for the rest of the year in saying if countries like greece and spai

she body pirates have seized a greek cargo ship with twelve ukrainians on board. piracy forces the vessel sent a distress call before altering its course toward somalia so far there's been no contact with the ship which was taking steel bars and wires to malicious about its instability for the past two decades let piracy thrive in the gulf of aden and the indian ocean. so not to take a journey or close up series in r.t. transports is to the varied inspiring regions of russia. other close up teams travel seven thousand kilometers from moscow to russia's far east and today we continue our trip with one of the country's most exquisite regions in our sights where natural beauty is only matched by unique wildlife and rich resources however experts believe over a third of the area's rich and diverse ecology is endangered but he's a lecturer explore that how this mesmerizing beauty is being protected. risking life or limb special troops to send those speeding boat in the middle of the pacific. coast guard in the russian far east this is an almost daily routine they fight

freighting over a maybe greek is forced to opt out and why not because the country is not very happy with your country if you read economy cannot share monetary crap having. hard currency and what effect do you foresee for the rest of the year in saying if countries like greece and spain and possibly italy were forced to pull out. too soon or possibly. get smaller but to have a monetary union not sixteen or seventeen members but only eight but. follows that all of this would be an option the whole experiment of union in my view which was not the union but concubinage sixteen countries shared one currency which is a nonsense political as well as in economic terms so experimental will be stopped there would go to come back to a national currency so germany to its ago its mark and why not the choice mark there wasn't a particularly strong currency was it in there in the ten or twenty years leading up to the euro how do you think they would have performed during the financial crisis. in case. countries are coming back to national currency and germany smart said they would have a clear cu

because the greek has already won. spain. maybe thirty or. so is a real thing. you know it's going in your zoo or. very very close to inflated and this is the reason we start that this is a complaint. must be fulfilled and so you maintain that under the terms of that treaty a bailout is actually illegal what outcome do you hope for if sykora to sharing. in german participation. be stopped and i think we are coming back to. stability probably you see which is freighting over here and maybe greek is forced to opt out and why not because the country is not very happy with your country if you read economy cannot share monetary crap having hard towards for beauty and hard currency and what effect do you foresee for the rest of the year in saying if countries like greece and spain and possibly italy were forced to pull out. too soon or possibly. get a smaller but a harder monetary union not sixteen or seventeen members but only eight but countries. follows that all of this would be an option the whole experiment of union in my view which was not the union but concubin

my greek burger. from the south but i'm greek american what i'm doing is a great greek burger. lamb here. you can do turkey, chicken, beef, whichever you want and a little olives and bread crumb. >> olive is greek influence and also feta cheese. onion goes in. i grew up being in the south my mom always put everything in the burger, too. and cooked it in the burger. little scallion and little garlic and salt and pepper. and then we mixed that up and goes right in there. looking good. here. the people on the grill and mix it up well and make patties out of them. throw them on the grill. and you know what? i want to say we had a couple sponsors. wie got allen brother meats and will do one of our responders and blue moon, the beer, really good beer, will be down there as a sponsor and it will be fantastic. we will be doing all weekend. it will be a blast. >> so excited. >> we are. it's a big thing. you chefs from all over the country and tonight will be with the hamburger hop is the local chefs which makes it different for bon appetit we do a lot of different events all over countr

a group of currency experts who filed a suit with the constitutional court in germany against the greek bailout professor cause that's very much for talking to r.t. now tell me about the complaint that you've lodged with the court so your whole idea. is illegal because if. we force the. community beta of this completely forbidden for a very simple reason a country which can current be bit old really not photo. so all. no doubt it's a precondition for a stable but your having now is a spade they have to feel so you'll never be in future stable currency because all of the deficit greek has only one case next cases are portugal spain ireland maybe italy and france so this is a real fear now it's going in europe. for a. very very weak. currency inflated and this is the reason we started this complaint treaty must be fulfilled and not broken so you maintain that under the terms of that treaty a bailout actually any gold what outcome do you hope for if secord sharing of hugh said in german participation on his whole action. be stopped and i think we are coming back to. stability probably you

if you like greek pastries and good greek food and great greek music, then you want to come to the festivalis being held by the saints constantine and helen greek orthodox church. it's located on 16th street northwest. i have one of the parish members here with me. alexander. all the pastries are made by hand by the lady society and it is so successful, it's a great festival to bring the kids to and what are you making for me today, alexander? >> today, we, not just me, we are making boclava. a favorite. it's quite simple actually. it's chopped walnuts, cinnamon, sugar, and some cloves and then we do layers. what i have done, a mixture of cinnamon and sugar and walnuts and then i started off the pan here with bottom layers and then i put down a layer of the walnuts and then this is dough. it's very thin. i don't know if you have been familiar with. >> it tears. now that one isn't tearing. how did you keep that? because you kept it nice and moist? >> we keep it covered with a damp cloth so it doesn't dry out. that's the challenge you have. then we are going to butter it. we have nice warm bu

stability probably you see which is now fading away and maybe greek is forced to opt out and why not because the country is not very happy to see your weak country can do is the economy cannot share. monetary crap having. the ability and hard currency and what effect do you foresee for the rest of the year in saying if countries like greece and spain and possibly italy were forced to pull out i seem to see no real possible one get smaller but harder monetary union not sixteen or seventeen members but only with ten or eight but countries. follows that all of this would be an option. to your whole experiment of. union in my view which was not the union but but. how to do is to say that in english in. concord n.h. sixteen sixteen countries shared one currency which is a nonsense political as well as an economic terms so if sis experimenting would be stopped there would go to come back to a national currency so germany to its advantage mark and why not join its mark there wasn't a particularly strong currency was it in there in the ten or twenty years leading up to the year how do you th

the collapse of the greek economy has impacted the whole of the european union. and does this mean that the e.u. is vulnerable as a groupie well of course it is because it was based on the idea that everyone is progresses at the same rate well if there are some weaknesses. in some parts of it it affects the whole lot because it means that the exchange rate is weaken and it also means that some countries like germany have to bail out other countries so if anything goes wrong in one part of the union it's the responsibility of other countries and they didn't think they were going to have to assume those responsibilities so i think the greek the greek crisis has impacted the whole of the union immediately immediately it. created a crisis of confidence in the euro germany and france want there to be consequences for the countries which run up excessive deficits like greece is this a necessary step well of course i think people have to countries have to be have to live within their means so to speak not spending extravagantly but when they talk about consequences for

i have greek dancers, greek foods, greek everything, because it is chic to be greek and we'll tell youout and be part of the oldest running greek festival in d.c. and did i tell you james wolf is really hot. >> i can't wait. >> we'll talk later about that. >> we'll check in with her later on. >>> now that does it for the 6:00 hour. let's turn it over to allison who is joining steve. good morning. >> good morning, sarah. >>> coming up on fox 5 morning news, three people are dead after an ambulance and suv collide overnight in prince george's county. we're on the scene with the latest details coming up. >>> and also just ahead, with the d.c. mayor race all but settled, big changes are expected and what does in a mean for the school system and michelle rhee. we're going to hear from her coming up. >>> and another headline out of tuesday's primary elections. is the uprising in the power of the tea party, but will the wins we saw this week translate into victories come november. republican and democratic leaders are weighing in on this. we'll take a closer look. fox 5 morning news at 7:00 s

currency experts who filed a suit with the constitutional court in germany against the greek bailout. very much for talking to r.t. now tell me about the complaint that the court. is illegal because. it will be in community beitar is complete the. proper very simple reason a country which can. be bailed out not for financial monetary. so all know is a precondition for your having. to fear so you'll never be in future. because. spain. maybe thirty and. so there's a real fear and it's growing in your. very very weak currency inflated and this is a reason. to stop that this is a complicated. treaty must be fulfilled and not broken so you maintain that under the terms of that treaty a bailout is actually illegal what outcome do you hope for if secord is sharing or hue. in german participation on suits or action. be stopped and i think we are coming back to. stability probably the richest of freighting over he may be greek is forced to opt out and why not because the country is not very happy to see your country receive the economy cannot share monetary crap having hard towards for the abi

currency imposed on it it can only lead to political tensions like in greece where the greece population greek population now has to suffer the taxpayers germany has to suffer the only ones that didn't suffer in greece were the banks because they were fully rescued so that's to me is a deal that is not quiet equitable all over europe really we've seen quite extraordinary scenes from spain as well where there's been a general strike to cloud and this is the first general strike in spain since two thousand and two and it marks a split really between the unions and the socialist government which have also been always been quite cozy previously and that's because spain now has an unemployment rate of twenty percent so we seem transport workers go out on strike so nobody can get to work they're just wasting aimlessly at bus stops in the metro newspapers prepared for it by going on strike when she's day so there's no wednesday edition being published in a quite a damning. notice to the government refuse to workers have gone out on strike so no rubbish is being collected nearly one hundred percent of

greek mp's are due to vote on wednesday. many say they will not rest until this is blocked. >> this is "bbc world news." buried under a norwegian mound. the military has quarters ready and less -- in case the arctic becomes a global background. the fed was ready to take more action to support the economy. >> it sounds great, who doesn't want to pay less for things? but the central bank is worried prices are falling too low. that could be bad for investors and businesses. ben bernanke and his team are not ready to provide additional stimulus. one of weeks but remains jobs. >> the biggest problem in the economy is we have lackluster jobs growth. it starts at the small and medium business level. >> it would be a job creator but he has been rejected for financing banks. he is actually turning down work because they cannot afford to take it on. >> if is a very big product -- project that will pay us a lot of money we probably will not take it. >> the longest recession since the great depression last -- ended last june. life is st

who believes the greek bailout. i'm in berlin with professor vilhelm hankel who is one of a group of currency experts who filed a suit with the constitutional court in germany against the greek bailout professor hackles that's very much for talking to r.t. now tell me about the complaint that you've launched with the colt so your whole idea. is illegal because of the twenty four. community beitar is completely forbidden for a very simple reason a country which can count to be paid out will not follow. the money. so all know it's a precondition for a stable you're. having now it's a spade you have to. be in. because that effort to replace all you want to use next cases are popular. maybe italy and. so this is a real fear. this boy in. revenue . inflated and this is the reason we started this complaint treaty must be fulfilled. so you maintain that under the terms of that a bailout actually what outcome do you hope for if secord is sharing. in german participation. be stopped and i think we are coming back to. stabili

thanks to all she's a lower average talk so professor will help a karzai expert who believes the greek euro bailout isn't a go. i'm in berlin with professor vilhelm hankel who is one of a group of currency experts who filed a suit with the constitutional court in germany against the greek bailout professor hackles that's very much for talking to r.t. now tell me about the complaint that you've launched with the court so your whole idea. is illegal because of the twenty four of. your community. is completely forbidden for a very simple reason a country which can count to be bailed out will not follow the financial model. so all know it's a precondition for a stable so you're. having now it's a spade we have to feel so you'll never be in trouble. because it requires only one next case since our popular face. maybe you could hear from. this is a real fear now is in. having to be. inflated and so there's a reason why we started this complaint treaty must be fulfilled. so you maintain that under the terms of that a bailout is actually illegal what outcome do you hope for if secord is sharin

out and start his lore amma talks to professor william han kill a currency expert who believes the greek bailout is illegal. i'm in berlin with professor vilhelm cole who is one of a group of currency experts who filed a suit with the constitutional court in germany against the greek bailout professor michael that's very much for talking to r.t. now tell me about the complaint that you know with the colt. is illegal because. it will be a community. of this complete. for a very simple. a country which can count to be bailed out will not follow the financial model. so all know it's a precondition for a stable you're. having now is a spade you have to feel so you'll never be in trouble. because all of that effort to reap is only one piece next cases are possible phase . maybe it's really fun so this is a real fear now it's going in. very very weak. inflated and this is the reason we started this complaint. must be fulfilled and not so you maintain that under the terms of that a bailout actually called what outcome do you hope for if secord is sharing. in german participation on action. be s

the greek crisis has impacted the whole of the union immediately immediately it. created a crisis of confidence in the europe germany and france want there to be consequences for the countries which ran up excessive deficits like greece is this a necessary step well of course i think people have to countries have to be have to live within their means so to speak and not spending extravagantly but when they talk about consequences for greece they also have to consider the consequences for greece and other weak countries will have consequences for them i mean if if if they cut down on government spending in the mediterranean countries that will mean less demand for german exports and so it will impact them it's not just consequences for the for the weak countries it's consequences for everyone so i think they have to be very very careful in wanting greece to pay the price of its extravagance because paying that price the germans will also have to pay a price they're the strongest country in the your opinion and from such as well and what are the countries which coul

had a relatively quiet summer that these things have gone away plus between now and christmas the greeks have to roll over a huge amount of their own government that this has not gone away the basic fundamental problem that these countries are not suited to being in the same monetary union hasn't gone away it will come back it'll be argued here this weekend that the whole idea of the euro is fundamentally flawed it's attempted to cobble together an economic union for political reasons the economies that unite stiffer in competitiveness have no shared labor markets and some haven't stuck to rules on fiscal policy that were agreed on entry to the eurozone therefore according to some economists it's impossible to have a common monetary policy but despite the last year's upset in the euro zone new and more diverse countries keep on joining weakening economic paris even further estonia is the newest recruit will join in january what's the fate of the euro i'll be in berlin talking to economists and currency experts all day stay tuned to find out. well teaching in this sunday when we'll be run