if you don't get the government back kaboom scheme you'll face a year of oz bourne's hard to bust austerity true oh. yes max cory doctorow of bling bling says this thatcher slow motion housing time bomb housing in the u.k. is a microcosm for everything wrong with neo liberalism corruption cronyism grinding human misery and funny accounting to prove that it's all working honestly so he's talking about and everybody in town has been talking about james meeks piece in the london review of books called where will we live because right now at the moment there are about two hundred fifty thousand households being formed per year in the united kingdom and yet only about one hundred thousand private properties being built that's included from the private sector prices are soaring and yet for some reason no private contractors want to come in and build homes well it's the economics of extension so they're not building homes for british people and as they become extinct through austerity measures that starve them to death their remaining housing stock goes up in value just like the japanese fishermen

of extension so they're not building homes for british people and as they become extinct through austerity measures that starve them to death their remaining housing stock goes up in value just like the japanese fishermen who fish big bluefin tuna to extinction that turned it in the refrigerator is worth more because there's less of them so they're applying this mentality of let's commit economic genocide in britain to force the remaining houses up in value and then we can use those collateral to get more loans to go down to. monte carlo and blow our of our asset extraction games. in various gambling is games well they in particular speak to one woman named pat quinn who is on disability she works for forty years or thirty years and she's lived in a property for forty years and the government is now introducing a bedroom tax and she's only able to afford it she has to move out she has to go into one better and that's all they'll pay for but there are no one bedrooms in her area there's something like ten thousand people looking for a one bedroom on a list for a one bedroom ten thousand and

is the greek public resigned to austerity at this point? >> oddly enough, it is. while greeks do not like austerity, while they are finding it almost impossible for them to cope with rising taxes, brutal budget and pay cuts for years into this crisis, and overwhelming majority has silently resigned itself to austerity, and this is because no political force in either old or new has managed to articulate a viable, credible alternative to these very strict fiscal policies. there are opposition parties, for example, saying, "let's tear up this bailout and austerity agreement with international lenders," but the overwhelming majority of greeks fear that this could spell more pain and suffering and could even lead greece out of the euro if not the european union altogether. >> what about a bright side amidst all this gloom? foreign investment is slowly returning to the tourism sector right now. >> yes, that is a positive development. tourism is having probably its most promising year and the last few years, yes. >> we have to leave it there. thanks so much for now. >>

take it they got rid of fox on thing that didn't have austerity victim hunting with george osborne the little cute cat. there's another sucker. look for that actually well it would be the first time it was used here in the u.k. and i like to call it the water canon a financial fraud is the reason why it has to be bring in because they're saying that there's going to be ongoing austerity measures they predict there's going to be a negative outcome about this and you could tell it's done in order to protect the top point zero zero one percent because they're having a bespoke made water cannon in germany of course only german make cars for the top elite well yeah i mean for the bespoke water cannons here to stuff a lot of the you know marmite go sling obese brits into the can and you need extra sturdy cannons to make it all work but there's another analogy here which is of course the water cannon you could say is and analogous to quantitative easing which is just the water cannon of money which as in rich the bankers who have been caught committing fraud like h.s.b.c. barclays royal bank

then you're going to have a continued immigration of labor from the countries that are imposing austerity let's say ok what happens if we get if the euro does not break up you're going to have a situation in greece where one tenth of the population is already emigrated in latvia which has just joined the year of this month you've had ten percent of the population emigrate since two thousand and eight as a result and let the is considered then the only real miracle of europe in ireland almost ten percent of the population is emigrated since the breakdown in two thousand and eight so if country remain in the euro they're going to have to submit to austerity they're going to have to have their taxes. go up essentially to pay foreign creditors and just yesterday in britain the conservative chancellor of the exchequer john of this form told a conference that the big their wrists to europe isn't people criticising the financial austerity program but they're coming out the risk he said comes from the failure to reform and renegotiate and the conservative party not the left but the conservative p

then you're going to have a continued immigration of labor from the countries that are imposing austerity let's say what happens if we get if the euro does not break up you're going to have a situation in greece where one tenth of the population is already emigrated here in latvia which has just joined the year of this month you had ten percent of the population emigrate since two thousand and eight as a result and left the is considered the neoliberal miracle of europe in ireland almost ten percent of the population is emigrated since the break down in two thousand and eight so if country remain in the euro they're going to have to submit to austerity they're going to have to have their taxes. go up essentially to pay foreign creditors and just yesterday in britain of the conservative chancellor of the exchequer john of this form told a conference that the big their wrists to europe isn't people criticizing the financial austerity program but they're coming out the risk he said comes from the failure to reform and renegotiate and the conservative party not the left but the conservative p

austerity has sparked huge protests. there is also encouraging news. tax revenue has been rising and in 2014, the economy is expected to return. greece has also made impressive strides. in the economic sector, business is better than ever. bargain prices and political turmoil has made greece a prime destination once again. >> let's bring in our correspondent, let's talk about taking on the eu presidency. it is a chance for greece to guide the agenda. >> greece wants to complete the banking union and deal with migrationlows. the huge issue across europe, it wants to focus on gross policies like maritime energy projects. for greece, what matters is that it glides through these next six months without embarrassing hitches this is a very important public relations drill. it was to showcase what it is calling its success story. and to show international lenders it is no longer the basketcase of europe. hoping that ultimately europeans and its creditors will help. it will bring down this very high debt that it has. >> they have been painting that teacher of

then you're going to have a continued immigration of labor from the countries that are imposing austerity let's say what happens if we get if the euro does not break up you're going to have a situation in greece where one tenth of the population is already emigrated here in latvia which has just joined the year of this month you had ten percent of the population emigrate since two thousand and eight as a result and left he is considered then the only real miracle of europe in ireland almost ten percent of the population is emigrated since the breakdown in two thousand and eight so if country remain in the euro they're going to have to submit to austerity they're going to have to have their taxes. go up essentially to pay foreign creditors and just yesterday in britain of the conservative chancellor of the exchequer john of this form told a conference that the big their wrists to europe isn't people criticising the financial austerity program but they're coming out the risk he sent comes from the failure to reform and renegotiate and the conservative party not the left but the conservative

the big picture and no longer felt it was appropriate to splash all that public cash in times of austerity party boy artsy london. and elsewhere in the e.u. soaring unemployment means fierce competition for work places and it's the prettiest faces who are winning out job seekers in front say they're just discriminated against on the basis of their looks we hear one of them after the break. ariel sharon has died and been given a state funeral he is called controversial and even a peacemaker by mainstream media and political plans and many other strong we reject these descriptions on this edition of strong talk with a simple question was ariel sharon. choose your language. of choice because we know in the financial system still some. choose good consensus to. choose the opinions that you think rate to. choose the stories could you please. choose be access to. and we should. stay on humans. just. couldn't do. i will say that it's not if it's when. and we have some time. then years later. what's the difference it made no difference for me because i should not see it but you can look make good

money being spent on much as you go knowledge obviously painters of politicians however talk of austerity possibly don't the best idea there are some things that cultural an artistic things that are worth paying the money for the public purse because they. can be seen by everyone. but i have no interest in seeing in seeing paintings of politicians and surely that i could have found the money some other way whether it be charity you know donation private donations but it does seem. to come from you know you come from us as an art lover i think it's quite good because we saw the documentation of part of history and they can talk about it in the future. they you know they commission do these things and it was really risky at the time because in a lot of. in response to criticism over the paintings a common spokesman said that the annual art budget has been reduced in light of the economic downturn but despite this just one politician who initially agreed to have her portrait painted later pulled out after press inquiries regarding the cost she said she considered the big picture and no longe

the big picture and no longer felt it was appropriate to splash all that public cash in times of austerity party boy artsy london. and elsewhere in the e.u. soaring unemployment means fierce competition for work and it's the prettiest faces who are winning out job seekers and friends say they're being discriminated against on the basis of their looks and here for one of them after the break. previously peacekeepers were primarily concerned with monitoring peace deals in a post conflict environment nowadays there are increasingly asked to operate in a high risk obama while believe bible says to leave all week to stay. motionless with these people who has caused over almost twenty years four million people. millions of displaced and with injuries tens of thousands of women raped tens of thousands of children recruited those soldiers who were slaves no. wealthy british sign it's time to. go. to. market. what's really happening to the global economy. headline news. well i think one of the real turning points was the. we've heard about nine hundred fifty three. had been given orders to much des

it also disguises the debacle of austerity and the euro at home.for the politicians as well so it's a bit of a reputation for both ways. thank you very much indeed let's now leave it at that but that we're now joined by journalist following the events in ukraine. mr neale clarke welcome it's very nice to see. here is a high that is so key here this is being described as a war zone the police apparently now have a green light to disperse rioters how do you think this will end up it will be quite clear as to what we're witnessing now in kiev where we're seeing an attempt to reach in change up to overthrow the democratically elected government by violence. and yes this is not pro-democracy protests this is anti democracy yannick hope it was democratically elected and what's happening is that the protest is in kiev backed by the west side by the west encouraged by what the west are trying to topple the government using violence exam acceptable and just imagine if this was happening in the greed in paris or london or any other e.u. capital what we actua

the big picture and no longer felt it was appropriate to splash all that public cash in times of austerity party boy artie lunde. and elsewhere in the e.u. soaring unemployment means fierce competition for work places and it's a pretty us faces apparently winning out job seekers in france say they're being discriminated against based on the looks we hear from one of them after the break. when you were followed around when you were being investigated because of the whim of someone this is the beginning of the end of your freedom. to stay in and save me keenly intercept american citizens. text message use you know. the calls text messages so you just. see everything about my knowledge safely basically and there's no legal absolutely yes when you bareback with the internet you're back with big brother. no c n n the m.s.m. b c news have taken some slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be. true. that was funny but it's closer to the truth and might think. it's because one whole attention and the mainstream media wo

s austerity dictate is still driving the numbers down the euro skeptic u.k. used to top the critics list with only around a third actually backing brussels now it's even lower than that dropping down to less than thirty percent. the rating decline however has not changed the belt tightening policies of struggling countries in fact the governments are putting some of their most valuable assets up for sale just to stay afloat. of reports. it's been dubbed the great european fire sale in a bid for cash these are just some of what's been up for grabs but even funds raised from headline grabbing deals might not be enough like six greek island sold for eight point five million euros an italian island sold for two point nine million exclusive rights to use the coliseums image on their products for fifteen years twenty five million euros government debt of the euro zone is greater now than it was a year ago and some of the sales have led to public anger and frustration bestselling history and culture there selling. a priceless and they would touch the price tag to it

the big picture and no longer felt it was appropriate to splash all that public cash in times of austerity party boy artsy lunde. and elsewhere in the e.u. soaring unemployment means fierce competition for work places and it's a pretty it's faces from winning out job seekers and friends say they're being discriminated against on the basis of their looks we're for one of them after the break. previously peacekeepers for a profile of concerned with monitoring peace deals in a post conflict environment nowadays they are increasingly asked to operate in a high risk of violence while believe bibles are still illegal to stay. motionless with these people who have caused over almost twenty years four million people killed millions of displaced and refugees tens of thousands of women raped dozens of thousands of children recruited those soldiers who were slaves no. to the playing. field limbic spirit travels with the flame from its birthplace in greece. joining james brown for an elemental and epic journey around russia and beyond. where are supposed to go around. like. when you're followed around

s austerity dictate is still driving the numbers way down the euro skeptic the u.k. used to top the critics list with only around a third actually back in brussels now it's even lower than that dropping down to less than thirty percent the rating declined however has not changed the belt tightening policies of struggling countries in fact the governments are putting some of their most valuable assets up for sale just to stay afloat as artie's tests are cilia reports. it's been dubbed the great european fire sale in a bid for cash these are just some of what's been up for grabs but even funds raised from headline grabbing deals might not be enough like six greek island sold for eight point five million euros an italian island sold for two point nine million exclusive rights to use the coliseums image on their products for fifteen years twenty five million euros government debt in the euro zone is greater now than it was a year ago and some of the sales of lead to public anger and frustration bestselling history and culture they're selling beauty things a priceless the

greece who is that what they see as interference weak economic growth high unemployment and strict austerity now the greek government has made it clear that though be no more in full dictated upon the country from brussels with the finance minister yes still not as a saying just hey you can say. it's simply too tough now it's not just greece because portugal has also hit out at the e.u. this week care with members of the country's parliament criticizing lawmakers for their lack of flexibility and knowledge of local realities when referring to the levels of austerity expects is on the economy but despite all of this resentment latvia the eastern european country this and thought that was financial fallout from the two thousand and eight crash has just welcomed the. it can't be that bobbing or can it more recent encouraging economic stats coming out of europe including retail sales is sometimes hard to tell what exactly is going on now let's get a better analysis from nick parsons from national australia bank nick can you tell me what is in store for the eurozone in twenty fourteen. where the

austerity has not been very popular.eople if they feel a little bit richer -- many will answer no. labor, the opposition party believe we are in a cost-of- living prices. -- crisis. they are losing half of that 37% to the anti-european party. this is centered around the immigration issue, an issue that has become incredibly politicized but one which is a big concern for many people in this country. expect some comment on that from mr. osborne today. this is about setting up next year's election. >> interesting. thank you so much. still with us is richard jeffrey. sayingthe break you were that france is your biggest concern for the eurozone. the u.k. seems to be full speed ahead. >> there is an interesting contrast between france and the u.k.. in the u.k. we have taken the right policy measures to try to stop government crowding out the private sector. to encourage the private sector back into wealth creation. that is beginning to work. i don't think we should get too excited about the u.k.. we are not going to get back t

be message today is going to on the contrary, we can step back from austerity.e will not be stepping away from listening this pursestrings either. this really sets us out for an election year next year. is going to build throughout the next 12 months. >> everything will be very political. >> absolutely, francine. it will be on two fronts. not just on the economic side but on immigration as well. when you look at some of these polls, ec 30% of those who voted conservative back in 2010 to you kip, which is an anti-european party in this country. that is going to be a big fame as you go into the next year. .> is going to be interesting he has got a core constituency of voters. recall the mo a piece here usually a big part of the conservative movement, they're worried about their pensions. they're all kinds of changes afoot. this looks like it will be a core era for this as well. guess where they sit -- guess who they are saying they will protect? pensioners. many people who aren't pensioners. when you see many people who are quite well off and they are receiving be

almost a poster child for austerity.can happen if you embrace austerity. >> a number of eastern european countries people got themselves in trouble by taking out mortgages that were denominated in euros. they found their mortgages in trouble and unable to pay those mortgages because they were not earning euros. what are the latvians going to get out of it? >> it is a problem on the currency side of things. they don't have to face that anymore they are part of the union. you have half the population against this but businesses may be more likely to receive more loans from the banks and investors may be more likely to invest. if you're an official within latvia, you're hoping for lower borrowing costs. there is no country in the euro-zone that wants to see countries exit. they get to come out and say we have a seat at the table. if you're impacted by what goes on in the euro-zone, you'll be impacted whether you're a part of it or not. it makes much more sense to have a seat at the table and be part of the decision-making p

government's fiscal balance shift was more austere than that of the euro zone's or japan's yet the us has done ok in terms of both real g.d.p. and nominal g.d.p. growth what does this say about the effectiveness of monetary policy. well i think it says a lot about monetary policy you know sometimes brass will you believe in fiscal policy will i believe that to the extent that the policy is affective and i believe in certain cases it can be effective but when it is if i. will be offset by what the federal reserve is doing if it's doing a good job so going to your question here the reason that the sequester and the fiscal austerity of two thousand and thirteen did not take as big a buy as many predicted and many are pretty predicting recession or worse and the reason it did not do that is because the fed stepped in with q e three and it began that you know change how much it was purchasing conditional on the data conditionals to the economy so i do think you can work out what happened in the u.s. compared to what happened in europe isn't as evidence that you know the right type of monet

and some of the worst austerity hit european countries has plunged drastically in the last five years the data comes from a new regional poll the study suggests the tumbling approval rating is linked directly to the budget cuts and economic woes take spain for instance where public support is at a record low or ireland which was just successfully exited its bailout program despite that the after taste of the austerity dictate is still driving the numbers down the euro skeptic u.k. used to top the critics list with only around a third actually back in brussels now it's even lower than that dropping to less than thirty percent. and if money makes the world go round then so it seems do vouchers where for national reports from paris on the system evading the cowboy bankers. these colorful rectangular notes and not money but they have a real value you can go shopping with these bills in your wallet pay for dinner at a restaurant the idea of alternative also called complimentary currencies that people of businesses agree to use for transactions within a particular area a district quarter wi

government's fiscal balance shift was more austere than that of the euro zone's or japan's yet the us has done ok in terms of both real g.d.p. and nominal g.d.p. growth what does this say about the effectiveness of monetary policy. well i think it says a lot about monetary policy you know sometimes brass will you believe in fiscal policy will i believe that to the extent that the policy is affective and i believe in certain cases that can be effective but when it is if i. will be offset by what the federal reserve is doing if it's doing a good job sort of going to your question here the reason that the sequester and the fiscal austerity if you thousand and thirteen did not take as big a buy as many predicted and many were pretty predicting recession or worse and the reason you did not do that is because the fed stepped in with q e three and it began to change how much it was purchasing conditional on the data conditional state of the economy so i do think you can work out what happened in the u.s. compared to what happened in europe isn't as evidence that you know the right type of mo

government's fiscal balance shift was more austere than that of the euro zone's or japan's yet the us has done ok in terms of both real g.d.p. and nominal g.d.p. growth what does this say about the effectiveness of monetary policy. well i think it says a lot about monetary policy you know sometimes brass will you believe in fiscal policy will i believe that to the extent this the policy is affective and i believe in certain cases it can be effective but when it is effective it will be offset by what the federal reserve is doing if it's doing a good job so going to your question here the reason that the sequester and the fiscal austerity if you thousand and thirteen did not take as big a buy as many predicted and many were pretty predicting recession or worse and the reason you did not do that is because the fed stepped in with q e three and it began to you know change how much it was purchasing conditional on the data conditional state of the economy so i do think you can work out what happened in the u.s. compared to what happened in europe isn't as evidence that you know the right t

how the blocks policy has affected athens and some other european economies and the four years of austerity measures or the nation's shown here on this screen have been bad have actually increased their debts in greece and spain by forty percent that's despite the fact all countries adopting the euro must not allow their national public debt to exceed sixty percent of gross domestic product average income of the people living in these countries has fallen except in germany and the was to always greece as you can see here meanwhile the country's leaders are sure that athens will leave its bailout program within the year and won't need a third aid package and one greek journalist would talk through what the e.u. did to his country is a cautionary tale. i believe that greece can give some lessons of how. in a time of crisis and when a country has a huge problem that this is very beginning only to disaster in that sense we can beat some measures the other european countries and especially countries in the european very free but there is nothing else for europeans to expect from greece at the mo

lost confidence biting austerity is taking its toll on e.u. leadership with approval ratings hitting a record low for a handful of block members. they could dream they can play and they can make. each and every kind of. draft. because they don't have to paid instead it's taxpayers who will make up for the politicians mistakes even in the news most efficiently run countries such as germany. and playing it safe concerns are growing about how athletes and visitors will be protected at russia's upcoming winter olympics in sochi to see what is being done to secure the olympic host city. and broadcasting live from our studios in moscow recapping the week's top stories with our weekly program this is r t now al qaeda affiliate militants have been occupying key areas in iraq's on bar province for over two weeks tanks have been deployed in the provincial capital ramadi and the army hasn't been able to drive insurgents out of it nearby flu shot either militants haven't had a such open control in major iraqi cities since the u.s. led invasion in two thou

yes of austerity and bailouts said taking a toll on the public's confidence in the european union was latest polls showing people serious disappointment and the blocs leadership that doesn't bode well for reading parties with key elections on their doorstep and his r.t. speech on. no in a few months europeans will be going to the polls in what could be the most important european parliamentary elections but the latest gallup polls to to sticks well don't make good reading for those that will be standing for the top spots across the european parliament even those countries that have received some of the most help countries like spain that received forty one billion euros to bail out its failing banking sector in two thousand and nine fifty nine percent of the population said they had faith and they supported the european leadership is another country that's traditionally been very pro e.u. is ireland they received sixty seven point five billion. bailout their failing banking system seventy percent of the irish population had previously said that they supported the european union now th

austerity has sparked huge protests. the fabric of society. new signs of fraying but there's also encouraging news. tax revenue has been rising and in twenty fourteen the economy is expected to return to grow. greece has also made impressive strides in consolidating its budget and cut the deficit to one to five percent. tourism greece's most important economic sector businesses better than ever. bargain prices and political turmoil and competitor countries such as egypt have made great sub prime destination once again well to a spring in custom and seek out a summons he joins us on the line from the center of the school is too bad in and taking on the eu has in season eight oz increased to ninety eight and the what were his priorities a year. i didn't want to do with a migration through the legal immigration to candidates. bottom line is that species across europe it was so thick it had been on of them were on their feet like the time energy project that ultimately for me from reading that kid is that like to be the next six months without any

look at how the blocks policies affected athens and some other european economies in four years of austerity all the nations you see here will have their debts rise in greece and spain by forty percent this despite the fact that all countries adopting the euro mustn't allow their national public debt to exceed sixty percent of g.d.p. at the same time average income of those living in these fall in these countries has fallen except germany and it greece horsed of all meanwhile the country's leaders are giving assurances that athens will leave its bella program within the next year within that without the need for a third aid package when the greek journalist we talked to says what the e.u. did to his country is a cautionary tale. i believe that greece can give some lessons of how sturdy masers in a time of crisis and when a country has a huge problem that this is a very big only do disaster in that sense we can beat some lessons to other european countries and the space of the countries in the european very free but there is nothing else for europeans to expect from greece at the moment these