spain sought its credit ratings cut and austria lost its aaa rating. other european countries were also said to be downgraded. the downgraded discussed here at the palace tonight and and other affected european capitals was not the only bad news for the eurozone today. talks aimed at reducing kris's debt burden has now run into difficulties. protests against spending cuts have continued. greece needs to do a new negotiation. there is the prospect of a greek default. >> it is 99% certain that they will be part of the debt. when you look at the greek economy and the rate it is contracting. >> friend's account support from germany saying that the judgment of the ratings agency should not be overestimated. the eurozone crisis was threatening once again. reaction fromome some of our other correspondents across europe. we begin first with the french capital. >> sarkozy is a prisoner of his own rhetoric. he spent much of last year promising to safeguard the aaa and now he probably regrets that because he had to back pedal fast and say it does not matter quite

this after france lost its treasured aaa rating. that in turn, some economists say could undermine the a aa rating of the total esfs. one country as well that's hitting the headlines, one country that will ill afford any more bailout troubles is here on the southern and eastern fringes of europe. it is, of course, greece, andrew. >>> nina, downgrading italy and spain won't inspire confidence in a year when euro zone governments need to refinance more than a trillion dollars worth of debt but the situation is more urgent in athens where talks on a deal to write down the value of greek bonds have stalled in a dispute over the interest rate on those bonds. that raises the likelihood of a greek default and subsequent exit from a greek zone. persuading cash-strapped banks to accept what would effectively be a bigger writedown based on lower interest or coupon as it's known is not proving easy. debt repayment in march but if not agreement in the next few days could miss that end default. >>> andrew, let's have a look at how the european m

their aaa rating, and probably the premiere player that still has aaa rating, and we have seen paintand they have a financial basket case to deal with. well, they did not use the words "basket case," but any are a mess. and now does it come back to us? >>guest: it is already coming back to us with our debt rating cut. every big country in the world but germany has taken on too many obligations relative to the taxes. too many countries cut taxes and increasing spending. a nightmare that will get worse rather than better but i should say right now the nightmare is just at the earliest stage if the government can pull themselves together, raise taxes, cut back on unnecessary spending, we will get to it. but, i think the dye is cast for the united states of america. we are already going to have to have a default or through hyper inflation. at the rate president obama is adding i don't see how we can avoid default. that has to happen. >>neil: and sarkozy has been trying to keep this off in august there were rumors and he hurried back from a vacation and no one in france hurries back from

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a short time ago france was stripped of its cherished aaa credit rating. eight other countries were knocked down a few notches. if that were not enough, talks haveestore at greek debt t been stalled. >> the french evening news tonight and the moment france learned it was stripped of its aaa credit rating. facing an election, this has been a presidents are cozy -- president sarkozy's big fear. it was left to the french finance minister to make this announcement. >> it is not good news. is not a catastrophe. the rating agencies do not control the politics of france. we do. >> sarkozy gathered together his topic visor's. what this will mean is an increase in french of borrowing costs. they have to raise 290 billion euros to pay off old debt. the french government already has to pay 2.1% to bar a. that figure could increase. >> borrowing costs will rise. that is bad for france. >> but the downgrade also weakens the fire path of the eurozone's main bailout fund, which affects the credibility of the nations that packet. there were demonstrations outside the agen

paper that's the baby laxative the aaa paper and they call the whole thing aaa so it's reversed drug dealing by rating agencies of the sovereign debt and unfortunately ireland vote. on this worthless stuff and as a result they're diktat to it and they all the to be put in rehab well of course this fraud that these are risk free is what happened with m.f. global and that's why that whole scam fell apart and why the investors were looted and their funds stolen because you know one of the guys the former governor former goldman sachs dude john chorus line thought that the all these european peripheral debts would be belled out at one hundred cents on the dollar because this is the way things operate in this scam quick quick little aside here you mention john kors on the money still hasn't been recovered it's known now that jamie diamond stole from his own customers he hasn't been facing any questions why congress or any authority or. police or anything like this so outright confiscation of wealth. confiscation of the weimer republic that lead the slippery slope down on president and the

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of course we are aaa. these are loser countries in the aaa category. they are loser nation, and they can't compare with us. we have to understand, we are not aaa. when you got $15 trillion in debt, you can't be aaa. when you have triple that in liabilities, you can't be aaa. the british impeer roar left this -- i took the wrong assimilation pill before i woke up. the deplorable british imperialist -- [laughter] distilled generations saying to be born an englishman was to be get first prize in life. they turned the thought around to turn the ruling class too smug to see what was coming. do you think, he wrote, the laws of god are suspended in england because you were born in it? to be born a citizen of the united states is to win first prize in the lottery of life, and as britain did, too many americans assume it will always be so. do you think the laws of god will be suspended in favor of america simply because you were born in it? think carefully about that question. when you live in the north country, when you live in a state where the weather spends

everybody knows that france is no longer aaa everybody knows that italy is no longer as highly rated as it used to be and market knows all of this quick someone call aaa looks like the european market is in desperate need for some roadside assistance author and investor jim rogers explains why this might be the little market that could. good evening it's monday january sixteenth seven pm in washington d.c. i'm christine you're watching r t some thoughts this evening on the state of journalism in america things are changing of course with the addition of facebook and twitter social media vehicles that make it so that news is reported as it happens and it's not just people typing up what they're seeing there are photos and videos attached so you can see it too from revolution in the streets of egypt to moammar gadhafi is a brutal beating and death on camera for the world to see to cell phone videos capturing every gaffe of every presidential candidate at every campaign stop it's hard to argue that we're not much more well informed now especially when it comes to knowing what's happenin

countries on friday including france which is aaa status and austria another ratings agency moody's says it will maintain france's top rating but will continue to review its position despite all this there was no panic among leaders at least publicly germany's foreign minister has even proposed europe gets its own credit agencies financial commentator jim rogers says that faith in the u.s. based rating companies is fast running out. you shouldn't vote bother to pay any attention to the rating agencies everything they've done in the past fifteen or twenty years has been wrong the fact is you do need somebody competent and somebody who can examine and decide who is who is solvent and who is not you know it's only until a few months ago that they had the united states is a aaa credit united states is the largest debtor nation in the history of the world it's absurd that it's true as was aaa so you just need somebody competent who can go in there it doesn't matter whether it's russian or australian american or european just so you have somebody competent and these guys s. and p. and moody's

nations including the aaa scores of france and austria germany's foreign minister has proposed europe gets its own credit agencies financial commentator jim rogers says u.s. based agencies are becoming obsolete. the fact is you do need somebody competent and somebody who can examine and decide who is who is solvent and who has not sought you know its own until a few months ago that they had the united states as a aaa credit united states is the largest debtor nation in the history of the world it's absurd that its true was was aaa now you just need somebody competent who can go in there it doesn't matter whether it's russian or australian american or european just so you have somebody competent and these guys the s. and p. and moody's have had up a semi monopoly for decades they have gotten corroded and lazy and sloppy and they're no longer confident the best way to get out of it is to go ahead and let people go bankrupt that the people who made mistakes take their losses the banks who made the bad loans the people who invested in in the bad and the bad banks they should take their lo

often and who is not so you know it's only until a few months ago that they had the united states has a aaa credit united states is the largest debtor nation in the history of the world it's absurd that it's true as was aaa so you just need somebody competent who can go in there it doesn't matter whether it's russian or australian american or european just so you have somebody competent and these guys s. and p. and moody's have had a similar monopoly for decades they have gotten corroded and lazy and sloppy and they're no longer cooperating. well coming up later this hour more on how those eurozone downgrades are affecting the markets here in moscow with kareena mini camp at the business desk. well the european equities of mixed following a slide early in the day the russian markets ended the day in the black joining me for the details in our prisons bulletin. now as iran and the u.s. engages in a political standoff america's mainstream media are being accused of fueling the fire so says over to iran's nuclear program and uncertainty in the gulf have provided news outlets in the states a pl

the rating agencies cut france's aaa credit rating delivering another blow to the eurozone. pakistan is gripped by political crisis as the standoff between the government and military enters a pivotal stage. >> they are engaging in opal verbal wherwarfare. -- engaging in the open verbal warfare. a satellite that is supposed to be heading to mars is barrelling back to earth. where it will land is anyone's guess. >> welcome to our viewers on pbs in america and around the globe. france's finance minister has confirmed that his country has lost its aaa credit rating after standard and poor's purportedly stripped it and austria of top marks sparking protests outside the offices agencies in paris. if it was not bad enough news for the eurozone, this coincides with a breakdown in talks aimed at writing down creases that -- greece's debt. i am joined now by a senior fellow at george mason university. >> thank you for having me. >> there has been a lot of speculation that this is on the cards. how big a deal is it? >> this is a big deal. no country that has triple a rating would like

paper a overall aaa rating it's reverse drug dealing imagine a cocaine dealer who's selling you drugs he will take some cocaine and mix it in with baby laxative and sell it to you like it's all cocaine the rating agencies s. and p. moody's and fitch they do the reverse they take a socially junk paper and they cut it with just a little bit of paper that's the baby laxative the aaa paper and they call the whole thing aaa so it's reversed drug dealing by rating agencies of things of sovereign debt and unfortunately ireland but. on this worthless stuff and as a result there dick to it and they all the to be put in rehab well of course this fraud that these are risk free is what happened with m.f. global and that's why that whole scam fell apart and why the investors were looted and their funds stolen because you know one of the guys the former governor former goldman sachs dude john chorus line thought that the all these european peripheral debts would be belled out at one hundred cents on the dollar because this is the way things operate in this scam quick quick little aside here you men

everybody knows that france is no longer aaa everybody knows that italy is no longer as highly rated as it used to be the market knows all of this was just a bit of the world was a school room in europe they certainly wouldn't be the head of the class in spite of the downgrade by standard and poor's credit rating agency the european markets are think verily author investor jim rogers will put credit ratings to the test. it is monday january sixteenth five pm in washington d.c. i'm christine and you're watching our team. fall let's talk today about the state of journalism in america things are changing of course with the addition of facebook and twitter vehicles that make it so that news is reported as it happens and it's not just people out there putting up with they're seeing their photos and videos attached so you can see it too from revolution in the streets of egypt to colonel moon moammar gadhafi is that brutal beating and death on camera for the world to see to cell phone videos capturing every gaffe of every presidential candidate had every campaign stop now it's hard to argue

say this is the largest debtor nation in the history of the world it's absurd that it's true as was aaaso you just need somebody competent who can go in there it doesn't matter whether it's russian or australian america or european just so you have somebody competent and these guys s. and p. and moody's have had a semi monopoly for decades they have gotten corroded and lazy and sloppy and they're no longer competent. was iran and the u.s. engaged in a political standoff america's mainstream media are being accused of fueling the fire sanctions over to iran's nuclear program and uncertainty in the gulf have provided news outlets in the states a platform to speculate over the likelihood of war and is going to judge a camera ports it's not the first time american viewers have been led to believe that conflict is inevitable. try to options bomb iran or let iran get the bomb with tension between iran and the west as high as ever a host of hardline speakers on us mainstream media seem to be pushing the audience to believe that war is inevitable the better way to prevent iran from getting nucl

spain also saw its crowding -- credit rating cut, and austria lost its aaa rating. the downgrade discussed at the palace tonight and in other affected european capitals was not the only bad news for the eurozone today. he talks aimed at reducing greece's debt-burdened have now run into difficulties. protests against spending cuts have continued in athens. greece needs to agree to a new rescue package. a central element is that investors agree to take significant losses. those talks appear close to collapse, raising the prospect of a greek default. >> i think it is almost 99% that they will be in debt. when you look at the basic economy and the ratings contracting and a debt service is going update today. >> france found support from germany, saying the judgment of the ratings agencies cannot be overstated. but tonight, the eurozone crisis is threatening again. >>> this is "bbc world news." still ahead, behind the scene at the royal academy at a major exhibition. >>> david cameron has used his first prime minister visit to south america -- south africa to assure them

nations including the aaa scores of france and austria to rogers joins us now via broadband he's a fine that's all commentator and co-founder of the quantum hedge fund thanks for being with us mr rogers s. and p's announcement like i said came after markets closed on friday it's been a tense weekend for financier's waiting to see how the markets open on monday so far the reaction com what does that indicate. no way it means that you shouldn't bother to pay any attention to the rating agencies everything they've done in the past fifteen or twenty years has been wrong i stopped bothering him long ago everybody knows that france is no longer aaa everybody knows that italy is no longer as highly rated as it used to be the market knows all of this this is not news i know you have to report something but this is not news to people in the market nevertheless sometime markets do react to these rating slashes bias in pay and other agencies specifically saying this time around that europe's austerity budget policies which you argue we already obviously know are not enough to get out of the debt c

ááá) off!!ested and charged manuel imel with assault, for attacking the officer. he's waking up behind bars this morning on a $100- thousand dollar bond.megan gilliland, fox45 morning news. see the whole video online.go to fox-baltimore dot com slash raw news a verdict is reached... in the case of a former howard county police officer... accused of assault. it took jurors just two hours... to find the officer guilty of assault and disorderly conduct.the charggs against officer casey lecter stem from an incident that lecter was out celebrating his birthday and got into a fight with a baltimore city officer.one of the jurors and lector's attorney spoke about the case following wednesday's verdict. ((sot 17:25:26 when we were deliberating the one person who was against the 11 of us he couldn't ave done that he's a police officer nitl we persuaded her that even police officers make misttkes. 25:36 ))((sot 17:33:44 the internal affiars investigation needs to start today. you know the only thing i fel

everybody knows that france is no longer aaa everybody knows that italy is no longer as highly rated as it used to be the market knows all of this standard and poor's as of the european market is well known for or at least worse off than before but in spite of the downgrade european markets are starting the week off strong author and investor jim rogers walk us through the ratings roller coaster. well it's monday january sixteenth eight pm in washington d.c. i'm christine for watching r.t. . well the dances evening on and the state of journalism in america things are changing of course with the addition of facebook and twitter the vehicles that make it so that news is reported as it happens and it's not just people typing up what they're seeing there are also photos and videos attached so you can see to it when it happens from revolution in the streets of egypt to colonel moammar gadhafi brutal beating and death caught on camera for the world to see to cell phone videos capturing every gaffe of every presidential candidate at every campaign stop it's hard to argue that we're not much

the agency lowered the funds credit worthiness by one notch, from aaa to aa +. >> that makes it more expensive for the efsf to raise money to help bail out troubled eu nations. it follows a similar downgrade friday on a number of euros some countries, including france, that contribute. >> the downgrade comes as the european central bank president, mario draghi, called on investors and regulators to rely less on ratings agencies. addressing a committee of the european parliament, he saw to minimize this latest round of downgrades. >> week as regulators, we should learn to do without ratings. or at least, we should learn to assess creditworthiness in a way in which ratings of credit agencies are one of the many components of our information, rather than expressing regrets or appreciation. i think what we should do is basically learn to either do without them or with them, but to a much more limited extent than we do today. this holds true primarily for regulators, but also for investors and banks. >> french president nicolas sarkozy also downplayed the significance of the ratings agenc

of course we are aaa. we are better than aaa. we should have a quadruple category for the lows are countries in the aging countries in the aaa category. the loser nation can't compare with us. we need to understand. we are not aaa. when you've got 15 trillion debt you can't be. when you have ten times that in the liability you can't be aaa. the great actually it was agreed in a realist and a pleasant man but he left one memorable o i forgot where i was for a minute there. i have to remember the atoka bill shtick got such a big cheer in new hampshire it gets big cheers when you are in south africa i have to remember. [laughter] i took the long assimilation bill before i walked off. the deplorable british imperialist distilled the assumptions of the generation when he said it could be born and englishmen was to win first prize in the lottery of life and on the eve of the great war and his house he turned around to the ruling passed too self-absorbed to see what was coming. do you think, he wrote, the law of god will be suspended in

in austria that has a aaa. rating and lost it and we gather. if it is banned the european financial. stability facility lost its standing. the situation in europe becomes moot difficult from a financial point of view to handle all s. and p. another reaching rating agencies they are often blamed for for for organizing for the global economic and canonic meltdown for for actually being the drivers of problems in world economy there's this reputation that they're losing doesn't still mean they still have a say in the world economic issues will they will they be listened to in dallas by the world leaders that we certainly have a big role because well mainly institutions insurance companies and pension funds which are large to have. assets of the sort. rate and therefore if borne loss' is a aaa rating it means that it looses a certain part of of the market in pyrrhic really. the rating agencies or tend to be behind but they are acting too late and if you take the more securities better they gave aaa or rating. the problem was about they thought. mor

we are not aaa. when you are $15 trillion in debt you can't be aaa. when you have ten times that in unfunded liability you can't be aaa. cecil rhodes the great british imperialists, actually it was in on remarkable pleasant man but he did leave one -- i forgot where i was for a minute there. [laughter] - got to remember the tocqueville shtick gets a big chair in new hampshire the cecil rhodes it's a big cheer when you are in south africa. i have to remember. [laughter] i took the long assimilation bill. the deplorable british imperialist distilled the assumptions of the generations when he said that to be born and englishmen was to bring first in the lottery of life. and on the eve of the great wall in his play heartbreak house the turned it around to taunt the ruling class smug and self observed to see what was happening. steve hinkle laws of god will be suspended in favor of england because you were born in it? and our time, to be born a citizen of the united states is to win first prize in the lottery of life. and as britain said, too many american

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ááá) offf!ááá)police have arrested and charged manuel imel with assault, for attacking the officer. bars this morning on a $100- thousand dollar bond.megan gilliland, fox45 morning news. see the whole video onliie.go raw news a 13-year-old girl testiiies against the man accused of sexually assaulting her at a woodlawn roller skating rink. riik.the victim identified davon perry as one of three suspects in the 2010 attack at skateworks.surveillance camerassshow thh suspects leading the girl into a storage room, where she says all three of them raped her. but perry's attorney argues that police only found d-n-a from the two other suspects, not his client.the other suspects are 19-year-old kadeem santiful, who pleaded guilty to a second degree sex offense... and 15-year-old tracey hankins who was tried as a juvenile.all three worked at the roller rink, which closed shortly after the incident. a frederick man pleads guilty to sexually businn a 1-year-old boy.19-year-old ryan sheppard was arrested in june after injuring the child so severely, that he had to have surgery. sheppard could be

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and who is not soft you know it's only until a few months ago that they had the united states is a aaa credit united states is the largest debtor nation in the history of the world it's absurd that it's true as was aaa so you just need somebody competent who can go in there it doesn't matter whether it's russian or australian american or european just so you have somebody competent and these guys s. and p. and moody's have had a similar really for decades they have gotten corroded and lazy and sloppy and they're no longer cooperating. well while the eurozone downgrades did little to shake investors' confidence in europe it has caused a few jitters in the russian markets for more reaction from the trading floors we have our business correspondent reena on standby for us what's happening today. yes and then my six kicked off the trade in session in the red and they're now making a slow comeback but a new announcement from a ratings agency this time about could bring the jitters back i'll tell you more about that in business shortly that's right will be joining the business for a live upd

when germany came out of the downgrade sweep on that scab keeping its aaa rating and investment analyst see that as a significant power set in the eurozone and the situation in france as finances is that they've basically been borrowing money on their every year budget since the mid one nine hundred seventy i mean it's absolutely ludicrous and unfortunately all good things must come to an end and actually they've only been lucky because of economic growth in europe as a whole and the fact that there are economic powerhouses being struck to the ultimate power out of europe which is germany and that's why this is such an emotional moment of the european experiment because not everyone across the border into germany from france is going to be looking down on on their neighbors and saying why should we germany and up being alone was amongst the very elite club of nations that have got their aaa the top grid rating and indeed our french partners the germans are going to see it is no longer the perfect bride it's tarnished goods . coming up to thirteen minutes past the hour still to come for