. >> reporter: gasping for air greece is being strangled which supporters. in this economy, no one is giving credit. cash is king, and it's never been so scarce. there are lots of people here, the fish seller explains, but few are buying, they can't afford to. >> translation: what do they want? why have they closed the banks, the banks shouldn't have closed, we are in europe, europe is one. without greece, there is no europe. >> reporter: day by day the news is not good. from bad to worse to terrifying. there's talks of losing 55 to 70% of money in the bank. in a diminishing economy, perhaps a diminishing country, even the newspaper is getting smaller. there's an apology that they were running out of paper to print it on. could this be the answer to greece's problems. it's the first bitcoin machine. with some 150 new registrations, each day this week the virtual currency is seen by some as a safe haven to their money, out of the banks and beyond the reach of creditors. >> translation: it's something very new in greece. i believe that because it exists and tr

. >> gas gasping for air, greece is being strangled by a stand off with international lenders that hasorced the banks to close leaving people struggling to meet their daily needs. >> in this economy cash is king, and it has never been so scarce. there are a lot of people here, but few are buying. they can't afford to what do they want? why are they closed the banks? the banks shouldn't have closed because we are in euro europeans won and without greece there is no europe. >> day by day, the news isn't good, from bad to worse to true uhly terrifying. the headline they are talking about the possibility of losing between 20 with seven and 50 of the money you hold in the bank, in a diminishing economy, perhaps even a diminishing country, even the news papeser getting smaller there's an apology on the page here, that they are running out of paper ever to print it on. >> can this be the answer to greece's problems the first bit coin machine. with with some 150 new registrations each day this week, the virtual currency is being seen is by some, as a safe haren for their money out of the banks

>>reporter: gasping for air, greece is being strangled by a standoff with international lenders that's forced banks to close leaving people struggling to meet their daily needs. in this economy, no one's giving credit. cash is king. and it's never been so scarce. there are lots of people here the fish seller explains but few are buying. they cannot afford to. >> why have they closed the banks? we're in euro. without greece there is no euro. europe is one. >>reporter: the news is not good from bad to worse to terrifying. the headline here talking about the possibility of depositor haircuts losing between 27 and 55% of the money you hold in the bank. in a diminishing economy, perhaps even a diminishing country, even the newspaper is getting smaller. there's an apology on the editorial page here that they're running out of paper to print it on. could this be the answer to greece's problems? it's the country's first bitcoin machine. with some 150 new registrations each day this week the virtual currency is being seen by some as a safe haven for their money out of the banks and beyond the r

. >> reporter: gasping for air, greece is being strangled by a standoff with international lenders thatd the banks to close. in this economy no one is giving credit. cash is king and it's never been so scarce. there are lots of people here but few are buying. they can't afford to. >> translator: what do they want? why have they closed the banks? the banks should haven't closed because we're in europe. europe is one, and without greece there is no europe. >> reporter: day by day the news isn't good. the headline here they are talking about the possibility of depositor haircuts losing between 25 and 50% of the money you hold in a bank. there is an apology on the editorial page that they are running out of paper to print on. could this be the answer to greece's problems. the country's first bitcoin machine. the vertical currency is being seen by some as a safe haven for their money out of the banks and beyond the reach of the country's creditors. >> translator: it's something very new in greece but i believe that because it exists and transactions are made all around the world, that is it

. >> reporter: gasping for air. greeceg strangled by a standoff with international lenders forcing banks to close leaving people struggling to meet their daily needs. in this economy no one is giving credit, cash is king and it's never been so scarce. there are lots of people here, the fish seller explains, but few are buying. they can't afford to. >> translator: what do they want? why have they closed the banks? the banks shouldn't have closed because we we are in europe. europe is one without greece there is no europe. >> reporter: day by day the news isn't good from bad to worse to truly terrifying. the headline here, talking about the possibility of deposit haircuts losing between 20 to 50% of the money you hold in the bank. in a diminishing economy perhaps even a diminishing country rich. even the newspaper is getting smaller there is an apology on the editorial page that they are running out of pape to prints it on. could this be the answer? the country's first bitcoin machine. with some 150 new registrations each da

. >> gasping for air, greece is being strangled by international lenders that forced the banks to closepeople struggling to meet their daily needs. in this economy no one is giving credit, cash is king and it's never been so scarce. there are lots of people here the fish seller explains but few are buying because they can't afford to. >> translator: what do they want and why did they close the banks and the banks should not close and without greece there is no europe. >> reporter: terrifying and headline talking about losing 27-55% of the money you hold in the banks, in a diminishing dmi or country and the newspaper is getting smaller and an apology on the editorial page they are running out of paper to print it on. could this be the answer to greece's problems and it's the first bitcoin machine with some 150 new registrations each day this week the virtual currency is seen by some as a safe haven of their money out of banks and out of reach of creditors. >> translator: it's something very new in greece but i believe that because it exists and transactions are made all around the world

. >> gasping for air greece is being strangled by a standoff, with lenders that have forced banks to close and struggling people to meet their needs. no one is getting credit, cash is king and, it's never been so scarce. there are lots of people here, but few are buying, they can't afford to. >> what do they want? >>> the bank shouldn't have closed, because we're in euro. it's one and without greece, there's no euro. >> day-by-day the news isn't good, the headline here, possibility of taking a haircut 50% of the money losing it. >> even the newspaper is getting smaller, there's an apology that they're running out of paper. >> could this be the answer to greece's problems? >>> it's the first bit coin minute, with some 150 new registrations each day the currency is being seen boy some as a safe haven for their money out of the bank, and beyond the reach of the creditors. >> something very new. but, i believe that because it exists and france actions are made, that it's something stable and, i believe it may catch on here. >> there may be less paper for newspapers but there's paper for

ambassador to greece and joins us from washington d.c. the story we aired referred to break anger and european financial leaders. polls suggest that there's anger at the greek government. and it may end up in a yes vote. if it happens, is it the end of the alexis tsipras government. >> it probably is. around three-quarters of the voters supporting the alexis tsipras and the syriza party are against continuing the bail outs. it will be difficult for the government to continue governing when most of the members are in issue with the government. >> will the government fall no matter what the vote is. >> i think it's the answer. they've pointed themselves into a corner. it's a monumental thing. if it's a yes vote it will be difficult for them to manage the next stage of negotiations to get a package in place. if it's a know they have lost trust, it will not but the europeans and germans in a mood to provide concessions. >> how huge was this miscalculation. didn't the government see that calling for it in the dramatic way the prime minister went live on televisi

. >> gasping for air, greece is being strangled by a stand off with international lenders. in this economy no one is giving credit, cash is king and it's never been so scarce. there are a lot of people here, but few are buying, they can't afford to. what do they want, the banks should haven't closed because they are in europe. that has no europe -- >> day by day. each day this week, the virtual country cansy is being seen by some as a safe haren for their money, out of the banks and beyond the reap of the creditors. it is something very new but i believe because it exists it is something stable, and i believe it may catch on here. yes to a future free of bank cues inside the european union. the choice seems clear but the politics are not. there are angry words the politician are all corrupter says this man fascist shouts another. i am desperate, i have had enough. they are all dirty all of them. >> the architects of austerity, he has drunk your blood for five years the message on sunday for germanys finance minister could well be no more. >> and we can cross live now and sp

. >> reporter: gasping for air. greecestrangled by a standoff by international lenders, leaving banks to close. in this economy no one is giving credit. cash is king and it has never been so scarce. there are lots of people here the fish seller explains but few are dying. they can't afford to. >> translator: what do they want? why have they closed the banks? they shouldn't have closed, because we're in europe. without greece there is no europe. >> reporter: day by day the news isn't good from bad to worse to truly terrifying. the headline here talking about the possibility of depositor haircuts losing between 25 and 50% of the money you hold in a bank. even the newspaper is getting smaller. there's an apology on the editorial page here that they are running out of paper to print it on. could this be the answer to greece's problems? it's the country's first bitcoin machine. the vertical currency is being seen by some as a safe haven for the money. out of the banks, and beyond the reach of the country's creditors. >> transla

. >> gasping for air. greece is being strangled by a standoff forcing the banks to close, leaving people struggling to meet their daily needs. in this economy, no one is given credit, cash is king, and it has never been so scarce. there are lots of people here, but few are buying. they can't afford to. >> what do they want? why are they closing the banks? the banks shouldn't close because we're europe, and without greece, there is no europe. >> by day the news is truly bad. here they're talking about the possibility of depositing 25% of the money you hold in the bank. and even the newspaper is getting smaller. there's been apology here that they're running out of paper to print it on. >> could this be the answer to the problem? greece's first bitcoin machine. with 100 residences each day this week, the currency is being seen as some as a safe haven for many, out of the reach of the banks and the creditors. >> it's something very new in grow, but i believe that because it exists, and transactions around the world

decisive vote follows months of failed negotiations leaving the state of greece's banks and their participation in the euro rowe up in the airis morning greece's finance minister resign. he was told not to attend some of the upcoming finance meetings. brian webb is here in new york. good morning brian. >> good morning, alison. sending stocks down on wall street and along with them your 401(k). small groups of protesters clashed with police in athens overnight after voters rejected the terms of a debt bailout deal worth billions. >> we don't want to be slaves. >> reporter: this morning greece's finance minister resigned as leaders of the eurozones' two biggest economies, germany and france, met to discuss the crisis. >> there were a lot of people who said if they said no that was really a vote to leave the eurozone. although they're not seeing it that way, greece is saying we're sick of the terms too. >> it would include deep tax hikes and slashing spending cuts. they're hoping to negotiate a deal with international creditors. >> right now the poor people can't take it anymore. >> others believe it will only plunbling the cou

turkey will also now allow the united states access to its air bases. >>> greece has formally submitted a loan relates to the imf as part of the country's third bailout. talks on the 86 billion euro deal are set to begin in the next few days. greece must reach an agreement with its eurozone lenders by august 20th. that's when they owe another debt payment to the european central bank. >>> the man behind the mass shooting in the united states at a movie theater was estranged from his family. police in lafayette, louisiana, also say john russell houser had a history of mental health issues and posted far right opinions online. two women were killed and nine other people were wounded in thursday's attack. houser then killed himself. two teachers were in that theater that night, and they helped save each other and played a key role in evacuating moviegoers. as louisiana governor bobby jindal said they were among the many heroes. >> i do want to remind folks, there were incredible heroic acts. you've heard about the police officers that ran towards the sound of gunfire, very likely saving ma

air. surprisingly no one was seriously hurt. >> bank set to run out of money greece hours away from a crucial vote about its financial future. holly williams is in athens tonight. >> the banks are closed and cash machines are limited to just under $60 a day as greece stares bankruptcy in the face, its people will vote tomorrow in a referendum. the answer is a simple yes or no.

. >>> we go on air tonight and the results so far suggest greece has voted decisively against the bailout deal offered by lenders. nearly 10 million people were eligible to vote. they are asked whether they're for or against a bailout proposal. that was the question on the paper put forward by international creditors. a simple yes or no answer to that with more than 50% of votes counted. latest results show that over 61% are in favor, over 38% against. well, after casting his ballot in athens prime minister tsipras said greece was determined to take its destiny into its own hands. let's go to barnaby phillips in the greek capital for us. barnaby, it looks as though prime minister tsipras' political gamble might have paid off for now. tell us more about reaction after this result. >> reporter: well as i speak large crowds are assembling in the center of athens. the streets have been closed and people are waving the greek flag. this will already go down in history as a second day after that in 1940 whether the italian facists are defyieddefied. again, an extraordinary act of defiance from t

air for them. they say they will wait and see the details of this deal but they are worried. there are more than 100 islands in greece and most of them live off tourists. now so far the islands had lower taxes than the mainland. now under the new deal, hotels, restaurants and catering businesses will face an increase in taxes that in some cases could reach 23%. that will translate in higher prices for tourists. this comes at that time where the industry is about the only one functioning in this country providing up to 15% of the annual jdp. now they are concerned that with an increase in prices greece will become less attractive as a tourist destination. >> the iraqi government says it is making progress in its effort to retake the largest province from i.s.i.l. fighters. imran khan reports from baghdad. >> reporter: the announcement came early on monday morning. security forces were beginning a new operation to defeet defeet i.s.i.l. defeat i.s.i.l. fighters. >> starting at 5:00 this morning, armed forces, shia militias are now conducting pitched battles. >> ten to 11,000 troops are to be used in this new offensive.

greece. banks are running out of money. >>> a syrian army has carried out air strikes and raids in the northern city of aleppo. alliance of rebel groups. >>> u.s. officials say talks on iran's nuclear program may go beyond the july 9 deadline. progress has been made and they're optimistic they'll reach a final agreement. >>> well the greek economic crises has pushed unemployment to record levels and young people have been badly hit. highly qualified greeks go broad to seek work. nadim baba has met some of them. >> he has a steady job in community relations but dimitri is 30 years old and the kind of person who might be creating his own business in greece if the economic outlook was less bleak. >> if you have spent so much time studying obviously you need to have a good job. if there are no good jobs in grease then you will have to do something for yourself. and the obvious solution is to go to another country. >> reporter: and since the 2010 crisis that logic has been driving a so-called greek brain drain. between 2010 and the start of this year an estimated 200,000 greeks left to live abroad.

all still up in the air after five years, actually of talking and negotiations and how to fix greece's problems. >>> some fourth of july terror threats to tell you about creating serious concern across the country and false alarm that trigger panic as well. bomb threats to potential gunman in shopping malls. we will tell you the details next. >>> fourth of july terror concerns fraying nerve across the country. security enhanced across the country and some false alarms has people on edge. >>> new, stunning details in the new york prison break. we are learning one of the escaped killers wrote a letter to his daughter with a promise he made. ahead. >>> breaking overnight. new arrests in an isis inspired hotel terror attack. we are live. welcome back to "early start." i'm john berman. >> i'm christine romans. 31 minutes past the hour. independence day holiday, july 3rd. across the country, police are ramping up security among concerns over isis social media campaign urging home grown terror attacks. officers across los angeles and chicago and other major cities. in new york state police bo

air space. >> long lines at atm's in greece because people can only withdraw 66 bucks a day the limit remainsplace on greek government struggles to get more loans from the european union and any international banks. yesterday greece rejected demands from their creditors for more budget cuts. last week, greece failed to make huge debt payments, banks in danger of chatting. >> missing for four days on mountain, tonight hiker back home after rescuers finally found him hurt, dehydrated but really lie leafed to see them. last tuesday justin clark took off for solo hike in the hills in hawaii. when he missed address appointment that afternoon his mom texted him. he replied that he had take answer wrong turn, was lost and had injured his ankle. the search was on, except took days to find him in the dense rain forest, and a hopper to get him out, on the long days and nights of searching clark's friends family, all pitched in to help in the search. >> all right, a live look right now at center city. consider this as we do so. in philadelphia, we have had six more homicides this year than at this point

greece ? rvive capital controls the greek air to the coca-cola hellenic fortune joins us next. ♪ alix: you areking at a live shot of athens where we did have protesters start to react violently over the last hour. it looks like things have called down a little bit, but overall, you are looking at protests continuing into the evening protesting the bailout. matt: protesting for sure the austerity that they voted against, which parliament looks like it is going to pass. the outlook for greece is bleak, but what about the businesses trying to survive? alkiore, greek billionaire now. joins us i'm going to guess -- look, if the entire world were about to end, people would still drink coke, so that must at least be surviving there, right? alki: it is a really interesting time for greece. the people of greece --tsipras said it recently -- have been really, really brave and voting against austerity plans. image -- theat amount of times i've seen on television in that square, if i had a hot dinner for each one, i would never starve again. alix: have you ever seen anything this violent? alki: of course.

investigators will decide whether airlines illegally colluded to keep air fares high. greece creditors halted talks until after sunday's referendum. the greek prime minister alexis tsipras urging greeks to reject an international bailout deal. ian bremer telling me there's only one revolution in all of this. >> it takes two to taint go and if they are king going all the way into the ground, the people suffering the most will continue to be the greeks. at the end of the day the market can rally, greeks are suffering, let's not forget that. maria: in europe, trading relatively flat. in london, paris and germany and major indices, u.s. stocks expect to open higher, futures indicate a higher opening for the broader averages, it is all about jobs report which comes out in an hour-and-a-half, labor department expected to report 230,000 jobs were created in the month of june, that would be fewer jobs added and the 280,000 for the month of may. the unemployment rate still expected to decline 5.4%. complete coverage beginning at 8:00 a.m. eastern beating up to and after the numbers re

brad, whether it's the games in grooest or beijing, we always hear of the air quality, for example, with beijing and greeceing costs and now we see how it's happened there. with rio there just seems to be a laundry list including now this water quality issue that you've uncovered. >> yeah i mean when we talk to olympic athletes or olympic coaches who have you know who have a history going back several olympic games they say they've never seen anything like this. the beijing air pollution, you mentioned, they could fix that by forcing people not to drive cars and factories to shut down if here in rio de janiero the problem is they have no control over the sewage that flows down from the slums, from some neighborhoods that just flows freely into the water bodies like the one you see behind me. there's no way they can fix it before the games. it's an infrastructure project that would require 10 20 years to fix. >> some of the tests said the waters were 1.7 million times the level of what would be considered hazardous on a southern california beach. you say that it is right behind you. i can't see the vantage

and in the meantime turkey, they keep growing and with their turkish air airlines and they're building a mulley billion airport, greece could have done that, and had gave up the chance. >> steve, why don't these guys just go on their own, get the drachma, print that bad boy up, pay people back, and start to have that organic growth, but control your own destiny? >> charles, i think they need to. they need to follow the argentina model, and people do this, companies do this. when you have an unsustainable debt. you need a breakups, you need a restructuring. they need to say bug off. we're going to get cheap. we're not good, but we're going to get cheap. and that's the only hope they have. and i'm not sure that works either. but it's a lot better than this. this is ana shudder depression and it's a extend and pretend. we're going to be showing you these same scenes next summer because they borrowed and didn't pay the interest. germany is the one benefiting from this. >> let me just say one thing, guys. in the first two years of usa arith, suicide spiked 35% in greece and depression transferring 3% to 8%. you've got 30 s

greece has in offered us a bold choice. except more off air or get out of the euro. -- more austerity or get out of the euro. athens must decide by when they. the dolly mama -- the dalai lama urges the eu to find a solution and to strengthen the european union. he said the european union must endure not only for the continent as an example for the world. greece being given 72 hours to save it position in the euro. the dalai lama saying the european union is thing that must be preserved. he had an audience. the thing is, will germany was in? -- listen? ask most people in the european union one reese to stay in as well. there are other countries who have wrong current the. -- current he. -- currency. they have made a list and said you need to improve this. back the threat is otherwise you will be suspended from the current fee. -- currency. how does that work? back they need euros. there will be other problems as well. the banks don't have euros. if you sell red and i sell oranges, we need to barter. we need to issue a new medium of exchange. >>

air strike killed an isis leader. they will not confirm who is the target and killed and greece seeks to avoid a national bankruptcy.es is seeking a fresh bail out but european creditors are concerned about whether the groeks will keep their promise of spending cuts and economic reform. that's the fox report. i am molly line. thanks for watching. strange inherrance starts now. ts n >>> hey there friends. good morning. it's sunday 12th of july 20rks 15 2015. there's discrepancy in the numbers as donald doubles down in numbers. is he a real threat to republican rivals? >>> a blast on a packed beach tosses a woman into the air. the bomb squad is investigating exactly what cause had the explosion and forced the evacuation of the beach. >>> this morning, new developments leaving police

greece must increase sales tax. prince william starting a new job today. he will be working as an air ambulance copilot, helping to airlift the sick and injured by helicopter. he got flight experience in the military with the royal air force. he has completed a pilot's training program. an act of kindness brought tears in kansas after a police officer caught a mother of six shoplifting diapers. that is sarah after a police officer and others pitched into by her two large boxes of diapers, wipes, and a pair of shoes for each of her girls. she ran out of money and said she could not get money for their twin two-year-olds. the officer felt compelled to do something more. he and others banded together to get her diapers, food, and cash to help out. up next, the mission 3 billion miles in the making that has ties back to laurel. doug is updating the risk jummy: a journey a decade in the making is nearing its most critical moments. new horizons is in its finest million miles journey to pluto. it will give the closest look at each wharf planet. the technology to communicate with the horizons

greece. even though the country's future is up in the air the people have given resounding no to bail out offery creditors. as fox's greg palkot reports the country could now face financial ruin. ♪ >>> thousands of greeks are celebrating in the streets of athens after voters rejected referendum that would have brought strictor roster are the measures to the country in exchange for bail out loans. >> i feel great because with a no of the greek people we set a big yes to democracy. >> i believe it is a moral issue. those who voted no did it because they can't take it any more. >> reporter: the vote results leave grease in uncharred water waters waters. possible economic collapse if creditors refuse further aid. several greek leaders hailed the vote as a victory. saying this could be a chance for the country to get a better deal from international creditors. >> today all of us together turned a bright page in modern european history proved under the most difficult circumstances democracy cannot be black mailed. >> reporter: critics say it won't that be easy. noting that 18 other members of the eur

air. surprisingly no one was seriously hurt. >> bank set to run out of money greece hours away from a crucialote about its financial future. holly williams is in athens tonight. >> the banks are closed and cash machines are limited to just under $60 a day as greece stares bankruptcy in the face, its people will vote tomorrow in a referendum. the answer is a simple yes or no. the government here says it's asking greeks whether to accept the term demanded by foreign creditors in return for an extended financial bail out. the returns tax hikes slashing pensions and public spending cuts. radical left wing prime minister alexis tsipras wants people to vote no. saying the conditions amount to blackmail. greece's international creditors say their offer has now expired if greece votes no the country could be forcessed to leave single european currency and start creating its own money. greece already been bailed out twice in the last five years with loans of over $250 billion. but its economy has never recovered from the financial crisis of 2008 and unemployment is now at over 25%. the rally for those

air strike killed an isis leader. they will not confirm who is the target and killed and greece seeks to avoid a national bankruptcy.sh bail out but european creditors are concerned about whether the groeks will keep their promise of spending cuts and economic reform. that's the fox report. i am molly line. thanks for watching. strange inherrance starts now. ts now. jamie: a cowboy inherits a baron patch of prairie. >> it is not big enough. >> beneath the soil he finds prehistoric treasure. >> this is one of the most important discoveries of this century. >> this is a job -- will this cow poke's "strange inheritance" lead him to a boom or bust? >> lightning does not strike in the same place very often maybe never

the future in the eurozone to determine that greece gets vital aid to stave off catastrophe and the collapse of the banks. two key questions handling in the air, first whether the austerity is deemed adequate by a reluctant and skeptical set of lenses in brussels. the second question is trust. whether, indeed greece can be taken on its word to carry out and implement reforms where it hasn't to the letter in the past. to that end there'll be a vote in parliament called by the government to endorse the plans they'll hope they win that and give a good voting position to prime minister alexis tsipras. trust has been so eroded and the greek people voted against austerity, are they worried there'll be more pain in store for them in order to access the third bailout? >> i don't think they are worried about that. most see it has a foregone conclusion. that there'll be a high price. the greater anxiety is whether the country stays in the eurozone. and people will ponder how on earth did this happen how did he get to the position from a moderate growth to now. a vote from sunday that restored the confidence and tried of a lot of greeks having a go, giv

the greece issue is still in the air. china is weak.ent is on people ground except the u.s. expect chinese export growth to stabilize, but imports will remain at moderate levels. rishaad: growth will be key this week. reflect, if you believe the number? guest: the numbers tell something. they do tell growth in china is weak. wednesday will be slightly below 7%, reflective of the past week. but i think q2 in terms of growth, second half of the year, we are looking at improvement in growth because of the filtering effect of past easing measures going through the economy and stabilization in the investment environment. rishaad: and it is rare we see the fundamentals of the economy reflected in stock prices. , itfluctuations last week was mismanaged according to many incoherenttring of restrictions on the market. when does it all on wind? will we see more gyrations? probably, the market is bumping along the bottom. with the government did in the past three weeks in terms of stabilization is it -- because it created this bubble. it has to in

air of freedom. whatever happens, we are winners, we will be winners greece won democracy has won.hreat and blackmails have been defeated, so much courage to you and pride with dignity. we'll write history. people will move on within the europe of democracy and solidarity. >> you've been listening to the greek prime minister, alexis tsipras, on a stage in the center of the greek capital athens addressing thousands of hit supporters, those greeks who believe that they should vote no in sunday's referendum on those bailout proposals from greece's international creditors. the greek prime minister said we celebrate and sing to overcome fear to overcome blackmail. this is a place where democracy was born. the greek people are sending a message of dignity to europe. we will decide to live in dignity in europe and whatever the result, whatever happens, we are winners. democracy has won. also listening in to that speech is our correspondent in athens. john what do you make of what the greek prime minister had to say? >> well, we didn't hear anything original in that speech. i would say tha

the millions of argentines their country is not dead and greece can perhaps take some comfort from that. al jazeera buenos aires>> it's been an expose on the outside skirts of the knew jeeran citynigerian city. >>> burundi's ruling party in a controversial conviction. the poll was boycotted by the opposition. they're saying that it's president is not eligible for a third term. >> it is almost one year. an estimated 550 children were killed in the war and many more injured. tens of thousands also left homeless. and many children the scars of war feel very apparent. >> it was a moment during last year's war in gaza that few have forgotten. a group of palestinian children playing football on the beach targeted by israeli missiles. israel said that they mistook them for hamas fighters. instead four children were killed all from the same family. they survived the strike that day but suffered serious injuries. while they still like to play football they never play on the beach any more. saying that it's just not the same without his brother and three cousins who died. they keep a close eye telling us that he has not

greece. >> they are prepared to vote on a referendum to accept or reject the conditions. >> gasping for air agrees is being strangled by a standoff with lenders that forced bank to close and people struggle to meet their daily needs. >> in this economy, no one is given credit, cash is king and it's never been so scarce. there are lots of people here, but few are buying. they can't afford to. what do they want? >>> why did they close the bank? >>> we're in euro, and without agrees, there is no euro. >> day-by-day, the news isn't good, to terrifying, the headline here, the possibility of losing between 27 and 50% of the money you hold in the bank. in a diminishing economy the newspaper is getting smaller. there's an apology that they're running out of paper to print it on. >> could this be the answer to greece's problems, it's the first bit coin minute. 10 new registrations each day this week and the currency is being seen as a safe haven for their money and, out of the bank, and i don't know the reach of the creditors. >> it's something very new and i believe that because it exists extransac

and we will bring you coverage of the referendum of greece in crisis and a special -- greece in crisis. that special airsn the evening on sunday, july the fifth. now stocks in china have fallen to the lowest in three months. in good standing by and you can tell us how the asian session is going. the chinese market is not just dealing with greece. i was fascinated to find out, 25% on the shanghai composite since june 12. that is more than the entire french market wiped off the chinese market in a matter of days. reporter: i think that is the story here because this is not some rinky-dink run-of-the-mill, fly-by-night stock market. the rules -- moves we are seeing constitutes a huge destruction of wealth. it is perhaps why we are seeing this unwind quite quickly. we are down 4.8%. we have the chinese government trying to step in and trying to figure out what the issues are with new measures to slow down this unwinding of margin debt. first, they are actually going to reduce the amount of trading fees by 30% starting next month. the other one is that they are also looking to not require brokers to force the

air. >>> down to the wire in europe's effort to save greece from collapse.u leaders are meeting in an emergency summit to discuss the latest aid proposal that could be greece's final financial lifeline lifeline. if there is a deal athens could be bankrupt by the time world financial markets open monday. amy is live in athens. >> reporter: on friday, it really did look like greece and its creditors were close to a deal. it turns out that is not the case at all. however, greek prime minister alexis tsipris has been quoted as saying that he is willing to compromise. now, where in the past these negotiations' hurdles have been technical, this time it's held up on trust and concern that the greek government won't do what it has promised. now, trust, in particularly from the german side, has eroded since the greek prime minister called a referendum last sunday here. voters said no to a package of austerity measures. less than a week later, their government said yes to the same sort of package. that is another reason credibility is becoming more of an issue in thes

air for them. they are worried. there are more than 100 islands in greece, and most of them live off tourists. so far the islands had lower taxes than the mainland. under the new deal, hotels restaurants and catering businesses will face an increase in taxes that in some cases could reach 23%. that would translate in higher prices for tourists. now this comes at a time where the industry is about the only one functioning in this country providing up to 15% of the annual e-jdp . they are concerned that greece will become a less attractive hol did i destination. >>> do you think alexis tsipras can get this deal through parliament? >> well, i hope that the unity of the government and the party is going to be conserved. because you know, it is not an easy deal. it is a very harsh deal, we have tried to defend a different version of europe a social one versus the liberal orthodoxy. but we have been greatly outnumbered and we had to choose between these harsh measures and the lack of liquidity and the continuation of closure. we have a -- >> your responsibility this was in part mismanaged by the gov

air as the meetings take place tomorrow. and the pressure is on the leaders to save the eurozone and make sure that greece does not slip out ofhis common currency to bring people together and not pull them apart. we also heard words from one of the main architects of the european union calling on the european leaders to do something to save face. cyril: this just in from the dutch prime minister. greece must accept deep reforms if they want a new bailout packed church -- package. and if greece is not accept -- does not accept tough reforms it is over. this coming from the dutch prime minister. one of the first casualties of the greek referendum was the country's controvert -- controversial finance minister now being replaced. he is said to have a discrete personality, more so than v aroufakis. >> born in the netherlands and educated in britain he enjoyed a successful career as an academic before entering parliament in 2012. he has more political experience than his predecessor and friend, yanis varoufakis. many within the eurogroup say he is less jarring to deal with than varoufakis. but even he has left on his plate then var

and greece can perhaps take some comfort from that. al jazeera, buenos aires. >> the u.n. envoy is continuing talks to try to bring about a humanitarian cease fire. more than 80% of the 25 million people in some form of humanitarian aid. >> 24 week was supposed to bring peace theys in this discussion would replace destruction, but the fighting hasn't stopped and aid workers are more worried than ever before. >> this emergency is beyond the scope if we don't stop it now, so we have to have a humanitarian force. >> it is hard to imagine a more dire situation, water food and fuel shortages are spreading more misery, as malnutrition rates already high, continue to rise. last we can the u.n. declared yemen a level three humanitarian crisis highest designation possible, now the agency has announced another milestone, at least 1500 civilians killed in the past three months of violence. >> we need massive massive humanitarian intervention, if we want to avoided a real catastrophe out of hand now. >> well the envoyed arrived with high hopes his presence so far has stopped neither s

air. >>> it's down to the wire in europe's effort to saving greece from collapse. eu leaders are meeting in an emergency summit to discuss the latest aid proposal that could be greece's final financial life line. if there's a deal, greece would be bankrupt by the time markets open on monday. amy is live in athens. amy? >> reporter: on friday it really did look like greece and its creditors were very close to a deal but it turns out that is not the case at all. however greek prime minister alexis tsipras says he's willing to compromise. hurdles have been technical. this time they are being held up on the issue of trust and concern that the greek government simply won't do what it has promised. now, trust and particularly from german side has eroded since the greek prime minister called a referendum last sunday here. voters said no to a package of austerity measures but less than a week later their government turned around to creditors and said, okay yes, to the same package. that's another reason why credibility is becoming more of an issue in these last-minute talk

air. surprisingly, no one was seriously hurt. with its banks set to run out of money on monday, greece is just hours away from a crucial vote about its financial future. holly williams is in athens tonight. >> reporter: the banks are closed and withdrawals at cash machines are limited to just under $60 a day. as greece stares bankruptcy in the face, its people will vote tomorrow in a referendum. the answer is a simple yes or no. the problem is that greeks can't agree what the question is. the government here says it's asking greeks whether to accept the terms demanded by foreign creditors in return for an extended financial bailout. those terms include steep tax hikes, slashing pensions and public spending cuts. greece's radical left wing prime minister, alexis tsipras, has urged his people to vote no. he broke off talks with the creditors last week, saying their strict conditions amount to blackmail. but greece's international creditors say their offer has now expired. if greeks vote no, the country could be forced to leave the single european currency and start printing its own money. greece has already been bailed out twice in

greece. the chinese government scramble to put the air back in the bubble. chinese stock markets move from correction to bear market. and it is ugly out there. american apparel scrambles to find cash and customers. good morning, everyone this is "bloomberg surveillance" live from our world headquarters in new york. i'm tom coen and joining me is brendan greeley. brendan: i'm watching the tape and wondering at what point we take surveillance to china. tom: the china story would be front and center but we have the greece thing overwhelming all and we'll do a little bit on oil this morning as well as china. right now we need to catch up on combreeze and here with you are top headlines is bonnie quinn. bonnie: they're running out of patience with greece. they're headed to brussels. it's the last attempt to get a lifeline and keep greece in the euro. german chancellor angela merkel says time is running out. angela: we've shown much solidarity with greece. our last offer was very generous. in these time of challenges be it refugees or terrorism, europe can only ke

greece. the chinese government scramble to put the air back in the bubble.e from correction to bear market. and it is ugly out there. american apparel scrambles to find cash and customers. good morning, everyone this is "bloomberg surveillance" live from our world headquarters in new york. i'm tom coen and joining me is brendan greeley. brendan: i'm watching the tape and wondering at what point we take surveillance to china. tom: the china story would be front and center but we have the greece thing overwhelming all and we'll do a little bit on oil this morning as well as china. right now we need to catch up on combreeze and here with you are top headlines is bonnie quinn. bonnie: they're running out of patience with greece. they're headed to brussels.

air strikes in the past few days. >> the leader of the france and germany say the doors remain open for france and greece. speaking in paris ahead of an emergency summit it's up to athens to submit a proposal. pope francis called for stronger family values. over 600,000 braved heat to take part in the mass in ecuador's second city. >> in yemen. saudi led air strikes killed many. among the areas hit was a cattle market in the port city of aden. doctors without borders says teams treated 23 people and condemned targetting of residential areas by all parties in the conflict. in the last three days the group treated 300 caught up in the fighting. yemen when's heath system is falling apart. many hospitals have been shut down. >> in yemen's ongoing conflict civilians pay the highest price. as the war continues more hives are lost but -- lives are lost but not only to violence a health system barely copes with daily needs. hospitals around the country are closing down their emergency rooms, and intensive care units due to shortage in staff. some health care workers were killed and injured trying to save lives. 8

air of tension right now... >> the crowd chanting for democracy... >> this is another significant development... >> we have an exclusive story tonight, and we go live... >> greece's banks