germany is a key ally to the relationship between president obama and angela merkel -- (laughter) andture of them talking now, we could put in the leg work and investigate and report on what they were actually talking about -- or -- >> this photo taken of german chancellor angela merkel and president obama getting all the buzz. >> the expressive german chancellor. >> angela merkel appearing to almost burst into songs. >> she has her arms out like what's going on. >> do you think he's saying something to her there? that dollar thing, get the euro moving. >> jon: she's saying, i will reign hell down upon you! and obama is -- all scared. and she's like,ty told you before, i wanted to sit on that! you're, like, guff gotten here earlier. you can't really get a sense of how that's going from one image. does merkel look a little agitated, obama? yes, but the next image -- oh! that does look bad. well, as hard as it is to believe the legislation over a picture of angela merkel holding her arms out pales in comparison to speculation about obama's diss of the iraqi prime minister. >> it appeare

officials that suggested angela merkel was under mass surveillance. according to the statement, this was not enough to stand up in court as proof. just over a year ago in june 2014 already in december, 2014 there were signs that the investigation was going nowhere fast. they were worried, prosecutors that they did not have enough evidence to keep the case going. however, they did for another six months, and it was formally closed today. molly: what is the reaction we will likely see from the german government? jessica: i do nothing the german government will be surprised or disappointed. there was a huge outcry in germany from people and from the government about this in 2013 and angela merkel did confront barack obama in 2013. any strain between berlin and washington really has to fall by the wayside because the two countries had to work together to overcome the crisis in ukraine. this always felt like an afterthought, certainly not enough -- also in court -- in light of recent allegations they may have been helping the u.s. by u.s. officials -- by y

the greek prime minister is set to meet angela merkel and holld ande. the german yield climbs above 1%. the mansion house speech later today. welcome to "the pulse." i'm francine lacqua. also coming up, we'll be joined by the deputy leader for the christian democratic union party. we will get his reaction to the latest developments in the greek saga. first, the global index from msci has held off from adding china's mainland stocks from its indices, opting to work with the nation's security regulator. how have the markets reacted? let's check in with mark barton. mark: looking between gains and losses today. the gains to the tune of 1%. the losses to the tune of 2.2%. the shanghai composite closing the day down .1%. the msci has held off adding china's mainland stocks to its benchmark. it's opting to work with china's securities regulator to overcome remaining obstacles to inclusion. msci does still expect to put yuan denominated shares, a-shares in its global benchmarks. those concerns are about a, accessibility and b, share ownership. have a look at t

she crossed the aisle and lunged at angela because she felt angela was flirting with her girlfriend. >> it's not that common something happens at a catholic mass. things i have to consider reacting to is the 83-year-old priest in the world, the nun of 50 years that's in the room as whole as the safety. even after she was taken to the ground and cuffed verdon lungeed at carreri again. >> in this case she still wanted to go. >> verdon has yet to sign up for the anger management programs. >> how do you plead? guilty, not guilty, guilty with an explanation. >> guilty. >> she's in a disciplinary hearing where they will determine how much time on lock down status she'll receive. >> now the sergeant told you to stop. even grabbed you when you pulled away and continued to go after the girl. why didn't you listen at that point? >> i don't have an answer for that. i was just in rage. went back after the girl. >> okay. this was catholic services? yes. >> all right. we're going to have you wait for the elevator for a few minutes. >> now they will determine her sanctions. >> she didn't actually a

angela, hope. >> you need a hug?g. >> okay. >> thank you. >> that was refreshing. gave me a little bit of knowledge as to maybe what i should be doing and worrying about. my daily routine that i get up and sell drugs, make money and always looking over my shoulder and worrying, you know, what's to come, drive reckless, drugs in the car, not caring, suspended license. >> so then what do you think the chances are of changing when you walk out the door on tuesday? >> slim to none. >> coming up. >> coming through. >> guy down. >> curly tut was just receiving his medication. he punched an inmate in the face and refused to stop. >> more troubles for curly tut. >> i can't breathe right now. this mace is killing me. >> and. >> the o'sullivan wedding was the first gay wedding we had at the jail. >> accused rapist o'sullivan gets a visit from his spouse. >> as attraction to males, this is, you know, all very new to me. steady is exciting. only glucerna has carbsteady, clinically proven to help minimize blood sugar spikes. so y

some are saying that angela merkel is losing support within her party.emember, she only lost 29 votes last time so she has a fair amount of support to lose. guy: my sense, i read the papers this morning and looked at the different angles and try to figure out where we are. my sense is that the last 24 hours has seen a significant hardening of positions on both sides. is that a fair reflection? hans: that seems fair. what we heard of the weekend, with jean-claude juncker expressing his disappointment. then we had mr. juncker addressing last night. he seems to have been the most pessimistic. it seems to be the eu commission who seem to be the most flexible. now that juncker is both publicly and privately expressed in his disappointments, that seems to be fueling a lot of this negative sentiment. we have not really heard from the imf in the last few days and we haven't heard from the eurogroup on what they would need to do for a deal. i think the pessimism is largely to do with jean-claude juncker. guy: hans, good reporting. hans nichols joining us from ber

and then off to where angela merkel was waiting. the german chancellor show the head of state around her ultramodern offices. conversation may well have drifted to the forthcoming visit of british prime minister david cameron. pushing for reforms in the european union and a referendum in the eu. tough topics likely create a different tone. >> simon young is uttering the queens visit. it lets pick up with what we just saw there. the prime minister comes in in the middle of this visit. did he just crashed the party? reporter: not exactly crashing the party, brent. the primus or has a very specific agenda that has to do with germany. tomorrow, he will be in brussels having dinner with his counterparts from the other european union member states. he gets the backing of some of them. migration policy, business regulation, and so on. angela merkel's support for that there will be a long way on the road to doing that. the prime minister doesn't usually come during a state visit by the queen. that is have a timetable has worked out. brent:

. >> desde el comienzo, Ángela ortiz dio la pelea como una ganadora. dos meses despuÉs me diagnosticaron. >> ni siquiera la fuerte quimioterapia que acabÓ con su pelo loogrÓ desanimarla. se levantÓ y siguiÓ luchando. terminÓ la escuela secundaria y la educaciÓn superior con tan buenas calificaciones que la prestigiosa universidad la acabde becar para estudiar neurobiologÍa. >> estamos muy orgullosos de Ángela y de su familia por su apoyo que nunca dejÓ que ella abandonara sus estudios. >> a su corta edad, Ángela enfrentÓ un doloroso tratamiento que no la derrumbÓ. hoy sabe que esta un fermedad se enfrenta con con buen humor. tanto que escribiÓ una guÍa para quienes apenas comienzan. >> cuando estaba diagnosticada mi mamÁ entrÓ estaba llorando, mi papÁ tambiÉn, mis hermanos. todos estaban llorando y yo no querÍa llorar. en esos momentos, si no quieres llorar, estÁ bien hacer un chiste. >> asÍ es Ángela. tan joven, pero tan fuerte. que su energÍa irradia a quienes la rodean. la historia de la hispana que no se resiste a perder y sigue su lucha a diario.

angela merkel do not offer new concessions. she is holding the line.irectly from mr. tsipras. we have overnight interviews mostly in german-speaking papers. he is saying it is up to the e.u. to offer a new deal. basically we are at a stalemate. guy: thank you very looking forward to continuing coverage. mr. ferro has more coming up from switzerland. he's talking to the swiss national bank's boss thomas jordan. we will head inside to what is happening in switzerland as well as what is happening in the wider economy and greece, etc. that basically wraps things up for "the pulse." there are so much more still coming up on bloomberg television. "surveillance" will pick talk about the fed and analyze what yellen had to say. fed says, yes, we will get a rate hike by the end of the year. from there, it looks increasingly flat. i.e., we are not going to see big, aggressive moves. it looks like there will be one before year end. that is what the dots indicated the moment. we will take a check on that and see what impact it has on the dollars and equities. "surv

sarah: he spoke at a conference organized by angela merkel's party. he called for closer trade and ties between the u.s. and europe. brent: a prime minister in europe should they enjoy immunity from prosecution? sarah: victor ponta is accused of money laundering and tax evasion. they voted by a wide margin against investigating him but he is not in the clear yet. >> the prime minister went to parliament to put his case for keeping his immunity from prosecution. as it turned out, it was an easy win. 231 in favor and 120 against. but he's not in the clear quite yet. his government faces a vote of no-confidence on friday. they have been dogged by allegations. they launched an investigation and nine former ministers last october. it's not surprising some people have taken to the streets. >> there is a long list of reasons for the resignation and the official accusation will be the last mail in his career as prime minister. >> they beat them in elections late last year. he has been campaign to clean up romania's notoriously dirty politics and called on the

obviously you can't change overnight. >> no. >> angela, okay. but the big question is how much longer do you want to keep living like this? because you're not really living. >> i feel like i'm going to go into the street and do the same thing. >> what's the same thing? >> selling drugs and being reckless and driving recklessly. >> do you love yourself? >> not right now. >> not if you need other people to say you're okay. there is only one person you need to tell you you are okay. >> that's myself. >> besides yourself. >> god. >> i'm concerned about her of what she is going to do when she leaves here. i can pray only right now at this point for the best for her. they really have to want a change in their life and work at it hard. there is always hope. angela, hope. you need a hug? >> yes, i need a hug. >> okay. >> thank you. that was refreshing. gave me a little bit of knowledge as to maybe what i should be doing and worrying about. my daily routine i get up and sell drugs, make money and always looking over my shoulder and worrying what's to com

angela merkel is in a tough position.t want it to be her legacy to leave out of the euro zone. she is in a difficult position. angela merkel saying it is a -- the right thing to pursue on greece. our next guest is a markets strategist. this week, we have turkey. there will be a difficult formation of a government. the rates market in turkey funny enough, we got all of it back almost. it supports the view that the markets have seen a small majority government under the late ap. in the medium-term, having more checks and balances, a coalition government, might be increasingly filtering into the markets. the central bank will not be under as much pressure. we have rating review scheduled. both have turkey on triple b minus a negative outlook. francine: i look at the emerging markets and as soon as a fed moves, no matter how much we have been flagged this is coming, we will see huge outflows. what do you buy at the moment. we had structural reform. quakes we have been an environment for the past year where the dollar has been

we are waiting on angela merkel.s set to speak in berlin at any moment now on the situation in greece. she said earlier today that if the euro fails, europe will fail. we will take you to the news conference as soon as it starts. stephanie: futures indicating an eventful open. julie is dressed for the occasion and rent -- in red. she has the analyst action that you need to know. scarlet: that was subconscious. stephanie: we knew which direction we were going this morning. you look in your closet and said black and red. julie: action may be for the greek market. stephanie: trying to ease my way back in. julie: macy's is being downgraded to a sell. the same-store sales run is continuing. and analyst says the company will continue to see category challenges, tourism headwinds, and the kleins of sales of some vendors. you see it is choppy at best. the latest quarter decline is 7/10 of 1%. we are looking at j.p. morgan this morning. it was downgraded from oppenheimer. we are seeing a broad-based selloff in stocks today. i

. >> presentation of certificate of appreciation action to angela rodriguez and please council and dan and michelle colleagues opportunities this commission has to mr. farrell recognize certain officers for doing exactly with we expect them to do and above and beyond the call of duty but it was really important i know to this commission that we actively recruit folks from communities that don't typically see themselves in community of color we've talked about that a lot i was impressed impressed to get a role that rodriguez played with one person seeingism in law enforcement dan and michelle tells us what happened. >> so my name is michelle an covert with the forensics the urban forest we green team an sgrirm for high school students from san francisco we get to learning urban forestry sclerosis as part of this last semi tar officer rodriguez talked about the career in law enforcement. >> what that means and we had one student ms. smith was interested in pursuing this and sergeant rodriguez expended her you know here all the information she could give and mentored her into the sfpd and

we will go to that live when he speaks, along with the german chancellor, angela merkel. for now, we leave it there. thank you for that update. we really appreciate it. talk to you soon. >>> two yemen now with rebels and forces exchange fire saturday. it launch ed missiles. saudi arabia began strikes in late march. the continued violence is prompting peace talks in geneva. the talks will begin in a week. stay with us on cnn. more of this short break. [announcer:] what if one stalk of broccoli could protect you from cancer? what if one push up could prevent heart disease? [man grunts] one wishful thinking, right? but there is one step you can take to help prevent another serious disease- pneumococcal pneumonia. one dose of the prevnar 13® vaccine can help protect you ... from pneumococcal pneumonia, an illness that can cause coughing, chest pain, difficulty breathing, and may even put you in the hospital. prevnar 13 ® is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. you should not receive prevnar 1

i will yield to angela executive director of the ccda. >> we at the commission truly am so pleased of each and every one of you share and enlighten us today, and i know -- well, i hope that this will not be our last time together with all of you. this has been truly a tremendous effort to have this knowledge base together in one house. the energy is fascinating but i do know that it does not stop here as said over and over again. this is a living document and it's going to require our commission to be on top of it to help you to continue to do your work and aid you and if it's not maintained it's not an aid and that's our job to make sure the document is current. however however proud of it we want your feedback and our desire is after a while come back and respond and get an open forum discussion from your jurisdictions and we look forward to hearing from you and we quite frankly. to hear any negative thoughts of things or opportunities. we believe that that's the best way to grow and learn from the document so whatever you have to share we look forward to the feedback and we hope as

that is a tall order for angela merkel as she hosts the summit. genie: another focus today at the g-7 summit is the fight against terror. there are new faces with the g-7 today. doug: absolutely. it is called the outreach part of the summit. we are talking only about the g-7 leaders in the past few days, but the new faces around the table, several prominent middle eastern and african leaders. we have the iraqi prime minister. he is there. he is appealing for support both financial, logistical intelligence support, in what has proven to be an extremely uphill battle against the islamic state group in iraq. it also has ways -- it also -- in return, g-7 leaders are looking for commitment from him to do all he can to fight the good fight. the nigerian president as well facing a big battle against boko haram in the north of the country. he looks for some pledges as well. the g-7 leaders are meeting with them. they have been throughout the morning, looking for commitments to their own security. genie: douglas herbert recording from the g-7 summit in ger

>> the references today was very oblique as the thing usually is with angela merkel. she did mention basically that despite some differences of opinion between germany and the united states, the alliance stayed strong. the u.s. and berlin have maintained a united front by and large in confronting moscow over ukraine. merkel has led the european sanctions push against russia. the european diplomatic push with russia, that appears to be working and you could certainly tell when obama met merkel today on this town square, near the resort where they're meeting she really went all out to say that the way he put it, the u.s. german alliance was one of the strongest the world has ever seen. >> we should mention of course there have been thousands of protesters at this g7 summit. what is it that they are protesting, what is the most important thing to the activists? >> it is probably the transatlantic trade agreement that the u.s. and the pacific partners are negotiating now. lowering protections in germany, bringing american cowboy capitalism in europe. there is a fair amoun

hans: angela merkel told mr.ants to see his good intentions backed up by policy actions. they want to see concrete results. all sides agreed. they were constructive. everyone has agreed to intensify their talks. the german government position may be to offer some step incentive to the greek side. that is a relief of some bailout money. if greece makes one step towards implementing one of the reforms. the german government has denied this report. they say germany will only support a proposal backed by the ecb, imf, and european union. it did give confidence to the markets. there is a little negativity. pyramid skivvies he says -- pierre is talking about how greece needs to complete their program and then they can get new funds. it seems like the leaders are working towards something. they're working towards an agreement, even though everyone acknowledges more technical work needs to be done. francine: what exactly happened at the meeting? how much do we know? >> both sides said it was constructive. not a lot was a

angela merkel says the aim is to keep greece and the eurozone. the german chancellor blinks first in her negotiations with athens. mark: good morning. anna: welcome to the program. guy: there were a few words ringing in everyone's ears -- the age of the responsibility is over. anna: he talked about them having an ethical drift, and he said that misconduct was happening with depressing frequency. he says it had a material impact on the economy by increasing borrowing costs. these talking about holding to account the city of london. rbs when you talk about george osborne and what he had to say he said that the sale of rbs will start in the coming months, and this is fascinating. he is saying that we haven't reached that price, the breakeven price. guy: rothschild is being advised to get on with it. the point has come where this is acting as a drag on the economy. get on with it, deal with it. the opposition will have a great deal of fun with it, because they will be saying -- the taxpayers losing out. it was ultimately, some would say, putting rbs

greek prime minister tsipras plans to meet angela merkel.eanwhile, there has been no progress on negotiations this week. hans nichols is in berlin. paul gordon is in frankfurt. are we expecting anything from this meeting? >> we're expecting to see some sort of recap. i am looking for clarity. we have this international official telling bloomberg there is an impasse and no progress was made on tuesday. we have a new page proposal through their creditors. it would quickly rejected. it not only walks back but they issued new demands. they want an additional ability to actually have great banks by more -- buy more. they want fresh money from new pots. it seems like the greeks are trading their site on other sources. in germany they are losing appetite for any sort of deal. it would require a third bailout from 30 billion euros to 60 billion euros. it is important because it gives you a state of play. he said, we want greece to stay in the euro, but whether it is achievable depends entirely on greece. conditions have to be met. he said the lapses

angela merkel is asking for urgent action. [indiscernible] let us know what you think about today's top stories. follow me on twitter. index stretching the record of declines. china and abroad. steve is here with the details. steve: we need to tell about the deflationary environment in china. the prices of goods that leave the manufacturing floor is in deflation territory. a record run for deflation that consumer price level, we are talking about disinflation. the following inflation. 1.2% for cpi. ppi, we can bring this up. prices, five straight months, all of the months this year more than 4% down for producer prices. orre is disinflation deflation and commodity prices and that is weakening. there is overcapacity and weak demand all putting pressure on prices. deflationary pressure. we've not broke above 2% inflation since august of last year. with not been above 3% since november. 3% as the full year's target. this was a bit of an aberration in january. down now or up 1.2% in may. it is starting to creep back down towards d

here is what angela merkel said last night. all of us were of the opinion that a whole lot of work still lies ahead. we want to make every possible effort but we aren't there yet. the other negative comments are from jean-claude juncker. he presented the plan to mr. tsipras on wednesday. juncker is talking about a minimal level of basic things you need to do to sustain a friendship. we will see what the rest of the day brings in terms of new deadlines, new commands for greece. what everyone seems to want to see is actual progress from greece on the deal they offered. manus: let's talk about ukraine. it is also on the agenda. we've had some comments coming from obama in regards to, stand firm with russia. can we expect any development? hans: this was about half of his meeting with angela merkel. ukraine really dominated the conversations. later on in june, we will have a conversation in brussels about extending sanctions against russian officials for another six months. the u.s. side and the german side seem to be fairly optimis

german angela merkel are posting the events there.irst people arriving in helicopters. and in fact she arrived in one herself. very cool. >>> back to the markets, the latest official figures show that japan's economy is performing above expectations. let's out to to tokyo. what's the story? >> thank you, wilfred. the gdp figures from january to march have gone upwards significantly. 1% on a quarter. the preliminary results have been 0.6%. further, a look at nominal gdp growth is 9.4% this is a level of growth seen to japan's booming of the late 1980s. stronger than expected business iminvestment has been contributing significantly to this rise. the preliminary result for the business investment have seen a 0.4% increase but was correct today to a 2.7% rise. the japan economy watchers announced also supports this positive corporate momentum but there appears to be an index showing a continuous positive outlook for a straight sixth month. it's not good earnings from a domestic market it's also coming from overseas subsidiaries. and this

angela merkel wants to wait and see. they'll will debate the issue on wednesday. >> concern about greece and what might happen is blowing across the atlantic. brock obama spoke with his french counterpart to urge the europeans to keep talking. there is white house spokesman josh earnest. josh: the thing we have indicated in the past. it is important for the party's around the negotiating tble to develop a package of reforms and financing that would allow greece to return to growth and debt sustainability within the eurozone. we believe it's important for all the sides even in advance of the referendum to continue to engage in constructive conversations. sarah: richard, we just heard josh earnest talking about the need for constructive conversations. what do you make of that? >> that is a key part coming from washington. so many thousands of kilometers away from the very evident anger that has developed on both sides of the crisis in the eurozone. there is very much the sense that cool heads need to prevail. the thing i w

. >> angela merkel criticized the world's reaction to the ebola crisis in west africa saying it came too late and lacked coordination. we have the full interview for you in a couple of minutes. >> let's set the scene of the summit for you at a remote castle. >> the police have set up a high-security zone around the castle. they are gearing up for a series of protest. >> scenes of anti-g-7 demonstrations. it is an unusual site for many of the residents. more than 300 demonstrators marched through the town on friday flanked by dozens of police. >> we watched and gave them a warm welcome. >> it is nothing new for police. demonstrations have been peaceful so far. they are preparing themselves for more. >> we have established there are a large number of activists. >> demonstrators are not against just capitalism, but against war. in the protesters camp, numbers are beginning to grow. with the local municipal government refusing to offer more camping ground, things could get tight. >> gearing up for this summit. the gathering will touch on a number of issues including the conflict in the e

i think angela merkel should try to find a political agreement. we see technical discussions are not enough. at some point when you are in negotiation we really need the leaders to say we will find an agreement and except that greece stays in the euro. >> thank you so much for joining us here. i will be back in an hour's time with the close of wall street. tom: thank you very much indeed for that. we move on to some of the world news, because the authorities have made a number of arrests in connection with friday's gun attack. most them british, lost in them -- 49 people, most of them british, lost their lives in the attack. >> sanding by -- standing side-by-side in a show of unity. paying tribute to the victims of friday's attack, laying flowers and a moment on's -- a moment of silence on the beach. ministers displayed the same unity following security meetings, under a data are -- under a banner. terrorism will be defeated. >> we will work together to defeat them. but united also in working to defend our values. reporter: european and tunisian o

angela merkel says her goal is to keep greece in the euro area.e latest on the debt talks as the deadline rapidly approaches. pimm: president obama may send hundreds of u.s. troops back to iraq to train their military forces in the face of recent gains by islamic state. alix: were you a kid when playing pac-man was all the raise -- was all the rage? x, my generation, generation is called the gloomiest generation. good afternoon. i'm pimm fox. alix: i'm alix steel. we want to look at the markets at this moment. we are looking at a triple digit rally in the dow, significant. it is all about the potential of german chancellor angela merkel perhaps

german chancellor angela merkel says her goal is to greece in the euro area.est on the desktop with the deadline rapidly approaching. --debt talks with the deadline rapidly approaching. olivia: president obama going to send more troops. mark: we will tell you what is shortage that is forcing the united states to buy eggs from europe for the first time in more than a decade. alix: good afternoon. i am alix steel. mark: rm mark crumpton. rallytreet and markets in on optimism that greece will reach a deal to avoid a

there is a strong force in the background pushing for a solution, angela merkel. she wants this off the table. she wanted off the table before the g-7 summit on the weekend. we know some first details that have emerged during the last hours. the creditors have really lightened the austerity burdens for greece. they lowered the primary budget surplus. greece doesn't have to come up with so much money in its budget. they have to save less. that is one point. there seems to be movement on the atv reform. the sticking points are labor market reform and pension reform. we don't know how much prime minister tsipras is ready to move in those issues and how much he can move. we have seen during the last weeks that he himself has massive problems with his own left series party. that is up in the air. we have been there before. it seems more serious now. host: meaning a compromise could be reached. but not the way the money will flow towards greece by friday, yet greece has to repay imf debt. what about that? reporter: the experts say that the money can still be scraped tog

angela merkel will address -- she'll address her own party.ecting to get some comments there. then later on in the morning, afternoon, rather, she has meetings with party leaders. and then after that, she will do a press conference at 2:30 local. that's 1:30 london time. some key questions for merkel, particularly is debt relief on the table? what will she say about reprofiling, refunctioning some of the debt burden? that seems to be a big sticking point. they simply cannot grow if they have debt that's at 180% of g.d.p. manus, francine? francine: there seems to be talks, and actually it will be quite easy to restart negotiations at least if there's a will from greece, then the creditors are already talking about it. how quickly can they do it? do we wait until the referendum is over or could they potentially start tomorrow morning? although it's unlikely to try not to default. hans: if you called off the referendum, there would be space to have renegotiations start sooner. as long as the referendum is the operative assumption, it seems like,

president obama spoke with francois hollande and angela merkel today. cps the financialthe financial crisis is triggering be crisis on markets. >> the u.s. exposure small in terms of our direct exposure. for that reason, this was even true sort of at the previous height of the greek crisis back in 2010 and 2011, that greece does not pose a major risk to our banking system. >> greece is not the only nation that has had to face financial ruin. argentina still struggles with its debt today and what that can mean for greece. protests erupted in athens against further austerity measures. greek banks are closed, an emergency move to save them from financial ruins as greeks desperately tried to remove their money. in 2001 the country of argentina couldn't pay its debts. funds ostay afloat came with a catch. spending cuts and austerity measures that were deeply unpopular. when argentina failed to meet its deficit targets creditors cut off payments. a bank run led to a freeze on deposits and long lines for cash. the discontent led to street demonstrations some t