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on the streets of athens the voices of discontent the growing louder. it's a war we did not create this this tour we're going to pay for this debt we want to take out a large bug as greece continues to fight against economic ruin second day. and it can to prevent greece from deep holes in its previous lame attainments that the greek people will be seeing a penny. not a cent of this buyout money actually comes into the greek economy it all goes out the interest. rate payments also got his own state the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see taxis taxis. and nothing else their money does not go to very early corner me a year is struggling against hostile stares he measures a government now faces an electorate opposed to a not that bailouts or people here have been saying is. that. the european central bank and the e.u. the greeks financed the initial bailout that scene of a hundred and ten billion a year when they'll start looking at ways of continuing to pursl
on the streets of athens the voices of discontent the growing louder. it's a war we did not create this this tour we're going to pay for this debt we want to take out a large bug as greece continues to fight against economic ruin second day. and it can to prevent greece from deep holes in its previous lame attainments that the greek people will be seeing a penny. not a cent of this buyout money actually comes into the greek economy it all goes out the interest. rate payments also got his own...
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on the streets of athens the voices of discontent the growing louder. it's a war we did not create this bit so we're going to pay for this that we want to take our lives but it's greece continues to fight against economic ruin the second bailout was an attempt to prevent greece from defaulting on its previous lame payments but the greek people won't be seeing a penny. of this buyout money actually comes into the greek economy it all goes out the interest payments and repayments plus a battle zone save the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see taxes doxies the. and nothing else their money does not go to the real economy a year a struggling against hostile sterett he measures it meant the government now faces an electorate opposed to another bailout or people here have been saying is that the troika the i.m.f. the european central bank and the e.u. the grapes the finance the initial bailouts the chain of one hundred and ten billion that you when they'll start
on the streets of athens the voices of discontent the growing louder. it's a war we did not create this bit so we're going to pay for this that we want to take our lives but it's greece continues to fight against economic ruin the second bailout was an attempt to prevent greece from defaulting on its previous lame payments but the greek people won't be seeing a penny. of this buyout money actually comes into the greek economy it all goes out the interest payments and repayments plus a battle...
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Jun 22, 2011
06/11
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athens had a much bigger budget deficit. they fudge the numbers and it appears that other countries just looked the other way, germany included. we began with a look at the origins of the greek debt crisis which has become an existential test for the euro. >> rewind 10 years and athens appeared safe from the financial storm it is caught in. greece was included in the club of euros own countries. the eu had taken the economic statistics at face value. a case of political will overcoming any serious misgivings. in the air of the years of the euro, the greek economy boomed, or so it seemed. in 2000 four, on bell's one often brussels. -- in 2004, alarm bells went off in brussels. five years passed before anyone to the deficit seriously. in 2006, the sovereign or government debt was 1 1/6% of gdp. at that rose to 1 1/6% in 2010. rules limit total government debt to 60%. greece is deep in recession with little industrial output. agriculture and tourism are the only sectors a promise revenue. the public sector is inefficient and ou
athens had a much bigger budget deficit. they fudge the numbers and it appears that other countries just looked the other way, germany included. we began with a look at the origins of the greek debt crisis which has become an existential test for the euro. >> rewind 10 years and athens appeared safe from the financial storm it is caught in. greece was included in the club of euros own countries. the eu had taken the economic statistics at face value. a case of political will overcoming...
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athens. financial journalist dmitri who was out the protests believes that the public's rage at being made a scapegoats is only just beginning to be expressed or are they telling the people to tell the people the same the same pack of lies that you'd expect anyone to tell these measures what could you possibly expect. you can't you can expect in the truth i mean the government is under an extreme amount of pressure from the e.u. and the i.m.f. to pass these measures these are clearly unpopular measures by everyone in the society not just people in the public sector i've made that point before these are started measures include privatizations that are liquidations of corporate. and national wealth and resources these measures are seen as an affront to the greek nation which is what they are and we've seen this before and this is the thing you hear something like greeks have to stretch back into deep history to figure this out we can look at latin american we can look at countries all over the
athens. financial journalist dmitri who was out the protests believes that the public's rage at being made a scapegoats is only just beginning to be expressed or are they telling the people to tell the people the same the same pack of lies that you'd expect anyone to tell these measures what could you possibly expect. you can't you can expect in the truth i mean the government is under an extreme amount of pressure from the e.u. and the i.m.f. to pass these measures these are clearly unpopular...
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Jun 30, 2011
06/11
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the reports from athens. >> fierce clashes continued tonight in athens after greek mps have a threatened to impose a tax cuts and spending increases. in the square and outside of parliament, protesters hopes to interrupt a vote that would print in hard-line austerity measures. fights with police quickly broke out as thousands of protesters gathered outside of parliament. >> there was teargas being in debt the crowd. the crowd has a sense of tension, knowing that within an hour, the mps have to vote. >> the violence was more serious than yesterday. protesters were injured. there were running battles with protesters charging police lines. the police used tear gas and stun grenades. the fighting spread to nearby neighborhoods. inside parliament, the greek prime minister said that it was time to face up to a historic challenge. the greek people and not what this government to fail because it is buying these measures fail, greece will fail. in the event, the austerity measures passed by a handful of votes, greece is a able to receive the 10,000 pounds of the emergency loans and avoid bankrupt
the reports from athens. >> fierce clashes continued tonight in athens after greek mps have a threatened to impose a tax cuts and spending increases. in the square and outside of parliament, protesters hopes to interrupt a vote that would print in hard-line austerity measures. fights with police quickly broke out as thousands of protesters gathered outside of parliament. >> there was teargas being in debt the crowd. the crowd has a sense of tension, knowing that within an hour, the...
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athens. but as a report later in the program the greek crisis will be top of the to do list for the new boss of the world's biggest lender by how the choice of finance minister as the head of the i.m.f. is already drawing criticism. and are to meet the astronaut who became famous for her orbital fluid performance while on a five month long expedition to the i assess. israel's military is on edge after intelligence reports of troop movements in syria and across the border in lebanon it's concerned hezbollah might be moving weapons to strike at the jewish state to divert attention from its ally syrian president bashar asad or just pause there takes a look now at how the situation in the region threatens to spill spin further out of control. things are quiet on the israel lebanon border but many suspect it's a lull before the storm everything hinges on what happens in neighboring syria and what hizbollah decides to do with its stockpiles there and the opposition group that might take over in syr
athens. but as a report later in the program the greek crisis will be top of the to do list for the new boss of the world's biggest lender by how the choice of finance minister as the head of the i.m.f. is already drawing criticism. and are to meet the astronaut who became famous for her orbital fluid performance while on a five month long expedition to the i assess. israel's military is on edge after intelligence reports of troop movements in syria and across the border in lebanon it's...
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Jun 30, 2011
06/11
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athens is not the middle east, nor is it north africa.fter the first austerity vote on wednesday, the city streets resembled many of the violent scenes that we watched during the arab spring. becky anderson was caught in the middle of the rock bottle throwing and round after round of tear gas. >> reporter: here's the parliament building just there. this is been an hour after the vote. it was extremely violent for a period of time. go a little bit further down there. this is just off the main square. somebody's been injured down here. they are trying to help this guy out. he was hurt in one of the attacks. >> and this is not only for greece. this will happen in other countries, too. this is just the beginning. this is an experiment. >> reporter: and what about the vote today? >> nobody wants it. nobody. it's based on selling away our country. >> reporter: this is called a suicide vote. earlier on by the bank of greece, he said if we don't pass this, the country's gone. so it's understandable that people are very, very angry. you can see th
athens is not the middle east, nor is it north africa.fter the first austerity vote on wednesday, the city streets resembled many of the violent scenes that we watched during the arab spring. becky anderson was caught in the middle of the rock bottle throwing and round after round of tear gas. >> reporter: here's the parliament building just there. this is been an hour after the vote. it was extremely violent for a period of time. go a little bit further down there. this is just off the...
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Jun 29, 2011
06/11
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streets of athens. of the parliamen building in protrs vote in parliament t greek people but is to secure its second bailout. taxes, mean people payingin the morning. threenie're seeing here also is goin we're witnessing here live the protrs follow this a tear gas being fired right between police andabout the siz why e look the debt of greece is bank. it'stoo. >> look at that. >> syem police andheir batons. we haven't seedays. things are heating u a full team of people, by the we've on, this protestersing all of throwing things, firing w you're having a more he thoug ere trying to get in the groups them bk street there. you see another p the crowd. you see somebody looked like he hitting police. avolatile one as you said, i,m . >> the issue that it needs to keep ehese drastic measures and you can se greece from people who ytalk ab momentthis from a balcony going to happen when the bill t. treets or make things wo there's richard right there watching ifo stay on top of this and come stay on top of this a
streets of athens. of the parliamen building in protrs vote in parliament t greek people but is to secure its second bailout. taxes, mean people payingin the morning. threenie're seeing here also is goin we're witnessing here live the protrs follow this a tear gas being fired right between police andabout the siz why e look the debt of greece is bank. it'stoo. >> look at that. >> syem police andheir batons. we haven't seedays. things are heating u a full team of people, by the we've...
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Jun 30, 2011
06/11
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the decision by the parliament in athens has staved off a debt default for now. what the people of greece do not have is any hope for a quick economic recovery. >> well, we spoke earlier to our correspondent natalee in athens and began to ask her what happens next after t the fst hurdle of the austerity p planas beenleared. >> prime minister george papandreou deliver the austerity measures, and they voted in favor of it. now, it remains to be seen if the international creditors, especially the euro zone partners, who will also deliver as part of the current huge bailout in order to secure the greek mporary survival in the months to come. in the long run, whether there will be a second bailout, 110 billion euros, that the country needs to meet se big funding goals. but also, the greek prime minister has another major hurdle, and that is whether he will be able to implement the austerity measures, and if the scenes behind me are anythingo go by, he will have a tough job with pushing through with implementing the very stringent, harsh measures that greece has been s
the decision by the parliament in athens has staved off a debt default for now. what the people of greece do not have is any hope for a quick economic recovery. >> well, we spoke earlier to our correspondent natalee in athens and began to ask her what happens next after t the fst hurdle of the austerity p planas beenleared. >> prime minister george papandreou deliver the austerity measures, and they voted in favor of it. now, it remains to be seen if the international creditors,...
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Jun 20, 2011
06/11
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lights-out in athens. with the greek economy on the ropes, now the lack of power is prompting protests. after years of practice, golfer rory mcilroy becomes one of the youngest to take home the trophy, causing quite a celebration back home. >> welcome to our viewers on pbs in america and around the globe. after months of silence in the face of rising protests, syria's president bashar al-assad addressed his nation today. but his defiant message only sparked further demonstrations. al-assad accused saboteurs of masterminding the protests and urged the thousands of syrians who have fled the country to return. international journalists are banned from syria. matthew price has sent us this report from the border with turkey. >> president al-assad's audience chanted that they would sacrifice their blood for him. his family's rule is being challenged like never before. protestors calling for reform blame him for the violence in syria. he has a different view. >> we should bring to account the saboteurs who are t
lights-out in athens. with the greek economy on the ropes, now the lack of power is prompting protests. after years of practice, golfer rory mcilroy becomes one of the youngest to take home the trophy, causing quite a celebration back home. >> welcome to our viewers on pbs in america and around the globe. after months of silence in the face of rising protests, syria's president bashar al-assad addressed his nation today. but his defiant message only sparked further demonstrations....
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Jun 15, 2011
06/11
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we want to go live now via skype to athens. tell us about what these protesters are angry about, elinda. >> reporter: we do have the first demonstrators who are currently approaching parliament. we estimated about 7,000 people, union members. they're the first of the many protesters that we expect to gather outside parliament today. about the last 6,000 people are already gathered there. the idea is both union members and ordinary protesters will join forces to make sure that new measures, new austerity measures, are not in force. their debate goes to parliament for the first time today. the people are saying that with measures bringing in another 20% job cuts, tax hikes on just about everything including soft drinks, their living standard is going down and they cannot just sit there and take it. so they have asked everyone to gather to the streets today and make sure that these new measures just don't go through. >> elinda, adding on to that, paint a picture of what life really is like now for greeks who have to endure these a
we want to go live now via skype to athens. tell us about what these protesters are angry about, elinda. >> reporter: we do have the first demonstrators who are currently approaching parliament. we estimated about 7,000 people, union members. they're the first of the many protesters that we expect to gather outside parliament today. about the last 6,000 people are already gathered there. the idea is both union members and ordinary protesters will join forces to make sure that new...
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who's a columnist at the athens newspaper thanks for being with us the scenes we're seeing in athens make it very clear that the popular opposition to the us of the popular i should say opposition to the austerity cuts what do you think the deciding factor for the government will be the will of the people or the immense pressure from the e.u. . it's a very difficult day for the greek government as you know using your government for one. last week our prime minister george pop on the radio was about to resign and always offer to have a new government that coalition government with the right wing party but this up in the face and the stand of this who formed a new coalition government with his. enemy in this party if i get as many. so we could say that george papandreou has lost legitimacy in greece and as a prime minister he's a dead man walking at the moment there presser from the european union is tremendous we would talk about the blackmail i guess the greek government because they say that unless you vote for this outrageous bill tomorrow enough and there will be no more loans and
who's a columnist at the athens newspaper thanks for being with us the scenes we're seeing in athens make it very clear that the popular opposition to the us of the popular i should say opposition to the austerity cuts what do you think the deciding factor for the government will be the will of the people or the immense pressure from the e.u. . it's a very difficult day for the greek government as you know using your government for one. last week our prime minister george pop on the radio was...
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verging on the brink of default greeks go on strike live pictures here from athens where hundreds of thousands are taking to the streets to march against austerity cuts but an unexpected friend has. also. person in this country have all that authority to praise the united states and not have that authority taking to marcy away from u.s. citizens r.c. looks at how one american town how small states elected officials. and then business russia may cut its budget deficit and return to the black for the next three years but analysts warn that high oil prices up putting the long term financial stability at risk join me for a full business bulletin in about twenty minutes from now. it's five pm in moscow this is r t coming to you live on the news now with our top story this hour will be a says the international criminal court is just a cover for nato attempts to kill colonel gadhafi and refuses to recognize its legitimacy this came in response to the issuing of arrest warrants for gadhafi and two of his confidants by the hague tribunal and many libyans believe nato leaders should also be he
verging on the brink of default greeks go on strike live pictures here from athens where hundreds of thousands are taking to the streets to march against austerity cuts but an unexpected friend has. also. person in this country have all that authority to praise the united states and not have that authority taking to marcy away from u.s. citizens r.c. looks at how one american town how small states elected officials. and then business russia may cut its budget deficit and return to the black for...
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thanks for being with us as a lecturer at the university of athens we're seeing violence scenes in athens as we speak give us an idea of just how unpopular at these latest austerity cuts are. going to be presented as a relation. being pushed through parliament and even worse than through does the dishes even those who are voting for those measures you know believe in them. believe piecework grossing themselves who can put a beautiful so why is this happening you say there are government officials who don't believe in what they're doing that people are against it why is this happening. it is a shadow great what is happening in athens today is no more than a lawyer because he did the lies they miss america the child the german chancellor in order to manage managed to push through her own federal parliament in berlin a massive new loan for greece the members of parliament in berlin do not buy these strategy either because they've seen the being applied before bailout marc maron was passed on a year ago in may of two thousand and ten and it failed spectacularly its logic was false and its app
thanks for being with us as a lecturer at the university of athens we're seeing violence scenes in athens as we speak give us an idea of just how unpopular at these latest austerity cuts are. going to be presented as a relation. being pushed through parliament and even worse than through does the dishes even those who are voting for those measures you know believe in them. believe piecework grossing themselves who can put a beautiful so why is this happening you say there are government...
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Jun 29, 2011
06/11
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police >> misin athens have -- police in awe thence -- athens clashed with protestors. if they reject them the efment u. and the i.m.f. will with hold the $12 euro loan they promised. greece could run out of money in weeks. late into the athens evening there were clashes between police and protestors outside parliament, all part of a day of protest against an austerity package which greek m.p.'s will vote on tomorrow. earlier, the protest had turned violent. for hours they were running battles in the square outside parliament. communications trucks were attacked and set on fire. >> after all the tension, bitterness and frustration of recent days, it was almost inevitable that there would be an outbreak of violence. the police fired hundreds of stunned grenades and clear gas to clear the area in front of parliament. inside the greek government there is real anxiety about the extent of these protests and away from the center of athens, most parts of the greek economy were brought to a halt by a two-day general strike. earlier in the day, there had been protest marches, th
police >> misin athens have -- police in awe thence -- athens clashed with protestors. if they reject them the efment u. and the i.m.f. will with hold the $12 euro loan they promised. greece could run out of money in weeks. late into the athens evening there were clashes between police and protestors outside parliament, all part of a day of protest against an austerity package which greek m.p.'s will vote on tomorrow. earlier, the protest had turned violent. for hours they were running...
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athens. well we can now cross live to athens to find out what's going on in front of the greek parliament this. from the country's civil servants trade union now joins us to let us know what's actually happening in the greek capital this week to your in thomas where now where people of course are gathering for another round of protests how far are they prepared to go we're hearing that some protesters are actually planning to stop m.p.'s from getting into the parliament building. that's not the point the point is that we will continue the most right thing until a government gets the masses and those don't we our government and the whole european union governments get the message and the message is that these politics don't get us out of the cries is we want some other politics to be held or. it's not in my that if we will gloss on the aim the parliament or not is a mother all for years of people getting out on the streets and shouting that we want to leave we will leave not bankers right but
athens. well we can now cross live to athens to find out what's going on in front of the greek parliament this. from the country's civil servants trade union now joins us to let us know what's actually happening in the greek capital this week to your in thomas where now where people of course are gathering for another round of protests how far are they prepared to go we're hearing that some protesters are actually planning to stop m.p.'s from getting into the parliament building. that's not the...
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you're watching archie with me and he said now a it's four pm here in the russian capital three pm in athens where greece is gearing up for another day of protests after thousands clashed with police on wednesday following parliament's decision to pass tough austerity measures the government now house to implement the agreed cuts in order to secure a further financial lifeline from the e.u. we cannot cross to financial journalist domestic until last who joins us live from athens you're on syntagma square of course the focal point of these protests how
you're watching archie with me and he said now a it's four pm here in the russian capital three pm in athens where greece is gearing up for another day of protests after thousands clashed with police on wednesday following parliament's decision to pass tough austerity measures the government now house to implement the agreed cuts in order to secure a further financial lifeline from the e.u. we cannot cross to financial journalist domestic until last who joins us live from athens you're on...
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athens. and the grim economic situation in greece will be high on the to do list for the new head of the international monetary fund francis finance minister christine legarde well she's likely to keep up the institutions old ways says danielle benami a veteran financial journalist and editor at fund a strategy magazine. i think what we're likely to see from christine lagarde is more of the same which is the i.m.f. trying to stabilize problems in the short term and cut short term deals but not really tackling the fundamental problems with the global economy i think it serves the interests of the western powers so not just europe i mean clearly europe has always had the head of the i.m.f. it continues to. be started deal with the with america's america has the chief role in the world bank even if. carstens had won this time i don't think it would change things that fundamentally because the problem with the i.m.f. is not just that it's headed by a european but a much more fundamentally that is
athens. and the grim economic situation in greece will be high on the to do list for the new head of the international monetary fund francis finance minister christine legarde well she's likely to keep up the institutions old ways says danielle benami a veteran financial journalist and editor at fund a strategy magazine. i think what we're likely to see from christine lagarde is more of the same which is the i.m.f. trying to stabilize problems in the short term and cut short term deals but not...
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Jun 4, 2011
06/11
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athens must continue their austerity measures and cut spending by 78 billion euros by 2015. but many ordinary greeks are fed up with making sacrifices for what they viewed as the government's mistakes. as more pay cuts and privatization of looms on the horizon, more protests are likely to continue. but without the austerity measures, international creditors would cut off aid to greece, exacerbating the country's financial woes. >> for more on the greek debt crisis, would go to our correspondent in athens, brian williams. we asked about the prospect of more austerity measures. >> people at this moment are protesting in the square just outside of parliament. there are more protests planned saturday and early next week. until the greeks actually here with the latest austerity measures are, people are still waiting to see if this catches fire, this protest movement, or if it remains the level it is now. >> how can the prime minister convince his people that with this next installment and the cuts involved, the crisis could be coming to an end soon? >> that is the trouble for the
athens must continue their austerity measures and cut spending by 78 billion euros by 2015. but many ordinary greeks are fed up with making sacrifices for what they viewed as the government's mistakes. as more pay cuts and privatization of looms on the horizon, more protests are likely to continue. but without the austerity measures, international creditors would cut off aid to greece, exacerbating the country's financial woes. >> for more on the greek debt crisis, would go to our...
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parliament has enraged crowds store police barricades through clouds tear gas live pictures here from athens as protesters are hoping to prevent a vote on an austerity. series on rast grants to spread across the middle east israel is concerned that his goal line is moving weapons to lebanon just in case president asad is overthrown. and orphans in russia continue to struggle in adulthood a lack of government provided housing means some time to live in rundown homes they'll. buy from our headquarters in central moscow you're watching r t with me and he's not like it's four pm here in the russian capital three pm in athens where it's make or break today in greece as the government sits down to vote on tax hikes and spending cuts most viewed as the country's last chance to stave off default something that could have ruinous consequences for the euro as you can see in these live shots from athens public opposition has turned violent flames there lots of tear gas being thrown scenes from downtown athens resemble a war zone really as protesters clashed with police amid volleys of tear gas hundreds
parliament has enraged crowds store police barricades through clouds tear gas live pictures here from athens as protesters are hoping to prevent a vote on an austerity. series on rast grants to spread across the middle east israel is concerned that his goal line is moving weapons to lebanon just in case president asad is overthrown. and orphans in russia continue to struggle in adulthood a lack of government provided housing means some time to live in rundown homes they'll. buy from our...
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plans to implement the a second wave of radical a sturdy mesures the decision opens the doors for athens to receive a crucial european bailout funds but it also means higher taxes and fewer jobs for ordinary people. the u.k. braces itself for mass disruption as hundreds of thousands of public sector workers prepare for twenty four hours of industrial action there responding to the changes to pay and pensions. to. moscow points to double standards at the un over the organization's position on syria saying the crisis warrants a peaceful solution. well more world news in thirty minutes time with my colleague sean thomas but before that our financial pundit max cars are tells us how greek communists have missed the mark in blaming capitalism for the country's woes that's up next. i it's me max kaiser this is the kaiser report we're going to tell you things you never knew about michael bloomberg but first let's check in with stacey herbert stacey max you know we've been talking about suicide bankers around the world and they are out in full force this latest week but at the start of the week
plans to implement the a second wave of radical a sturdy mesures the decision opens the doors for athens to receive a crucial european bailout funds but it also means higher taxes and fewer jobs for ordinary people. the u.k. braces itself for mass disruption as hundreds of thousands of public sector workers prepare for twenty four hours of industrial action there responding to the changes to pay and pensions. to. moscow points to double standards at the un over the organization's position on...
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hard hitting spending cuts and tax hikes the ratification secures a new bailout that'll stave off athens defaulting on its loans it's been met with weeks of protests and writing that it left over three hundred people injured and many others detained. feel anger at budget cuts has also flared in the u.k. as a one day public sector strike closes twelve thousand schools and england and wales workers walked out over pay and pensions getting job centers and passport offices and border controls the pension cuts are part of a wider package of austerity measures started by the coalition government in london when it took power in may feel an even handed and diplomatic approach russia calls on the un to carefully consider its handling of syria foreign minister sergey lavrov pointed out the un's a hard line on damascus while it allowed a civil war to rage in yemen this comes as a lot of robert strongly criticized france for live or to dropping arms to libyan rebels saying if the claims are true they represent a clear breach of the u.n. resolution. and of course we'll be back with more world news in
hard hitting spending cuts and tax hikes the ratification secures a new bailout that'll stave off athens defaulting on its loans it's been met with weeks of protests and writing that it left over three hundred people injured and many others detained. feel anger at budget cuts has also flared in the u.k. as a one day public sector strike closes twelve thousand schools and england and wales workers walked out over pay and pensions getting job centers and passport offices and border controls the...
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plans to implement the second wave of radical austerity measures the decision opens the doors for athens to receive a crucial european bailout but it also means higher taxes that fewer jobs for ordinary people. in. the u.k. braces itself for mass disruption as hundreds of thousands of public sector workers prepare for twenty four hours of industrial action they're responding to one changes to pay and pensions thousands of teachers civil servants and border control officers say the plans and need more work for a reduced pension. moscow points to double standards at the u.n. over the organization's position on the syria. saying the crisis warrants a peaceful solution foreign minister sergei lavrov says the security council should not be calling for action it won't ignoring what he describes as a civil war in yemen. well more world news in about half an hour but before that our financial pundit max kaiser tells us how greek communists have missed the mark in blaming capitalism for the country's woes that's up next. oh it's me max kaiser this is the kaiser report were to tell you things you
plans to implement the second wave of radical austerity measures the decision opens the doors for athens to receive a crucial european bailout but it also means higher taxes that fewer jobs for ordinary people. in. the u.k. braces itself for mass disruption as hundreds of thousands of public sector workers prepare for twenty four hours of industrial action they're responding to one changes to pay and pensions thousands of teachers civil servants and border control officers say the plans and...
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well staying in athens we now cross to the activists in the square. thank you very much of mr top brass for joining us on the line so from your perspective there what's the atmosphere since the vote was passed. can you hear me. yes yes i do but i just want to know all right i just want to know that from where you are there what has the atmosphere been like a since the vote was passed. they have a national here it's very electric you know specially after what happened yesterday here. people now start to really be angry because of what happened yesterday here. because never have been in the last forty years from up from the one i remember myself here in greece i'm forty seven years old and never saw something similar in this country yesterday the very first thing about the bus cruelty towards democracy itself because those who have been in years of the world's area of war from police and government against against the british citizens and taxpayers who are called to finance their own of the problem of the crisis here in greece first time to first find o
well staying in athens we now cross to the activists in the square. thank you very much of mr top brass for joining us on the line so from your perspective there what's the atmosphere since the vote was passed. can you hear me. yes yes i do but i just want to know all right i just want to know that from where you are there what has the atmosphere been like a since the vote was passed. they have a national here it's very electric you know specially after what happened yesterday here. people now...
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Jun 16, 2011
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athens plans t tsell off public assets to raise a further 60 billion euros. some said the privatization of state enterprises may not bring their true worth if they are sold under pressure in uncertain economic times. critics contend that tax increases could exacerbate the recession for a country whose economy has already been attracting -- contracting for three years. >> the contagion from the greek that situation is spreading further into the european banking sector. moody's is warning that it might downgrade french banks, credit agricole, societe generale, and bn paribas. bnp paribas as the biggest chunk of those assets on its books -- has of the biggest chunk of those assets on its books. on to the markets -- worries over the future of the greek economy, compounded by weak data out of the united states prompted investors to sell shares. >> deep concern on the floor of the french stock exchange over the economic and political situation in greece. people are wting forhed+ answer to how private investors will be asked to shoulder the burden for heheing greece
athens plans t tsell off public assets to raise a further 60 billion euros. some said the privatization of state enterprises may not bring their true worth if they are sold under pressure in uncertain economic times. critics contend that tax increases could exacerbate the recession for a country whose economy has already been attracting -- contracting for three years. >> the contagion from the greek that situation is spreading further into the european banking sector. moody's is warning...
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Jun 29, 2011
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will not stay in athens.ancial reckoning time and did it press conference by president obama. he said if raising the debt ceiling is urgent and urge republicans to break the deficit. the president pressed on the mission in afghanistan. he said he is now ready to declare victory. certainly victory seems a long way off right now in kabul right now. this raises fresh concerns about turning over security. >> at the taliban or their allies showing they can strike at the heart of afghan power. the hotel was packed with government officials for a conference on transition to afghan security control. the fighting continued throughout the night. in the end, a nato had attack helicopter was needed to kill three of the gunmen. the afghan government still needs a lot of help. among the dead, waiters, musicians performing at a wedding, a senior judge, and police. many internationals were trapped inside the hotel. >> there was some huge blasts. five or six blast. >> this is a part of the taliban's activities in afghanistan.
will not stay in athens.ancial reckoning time and did it press conference by president obama. he said if raising the debt ceiling is urgent and urge republicans to break the deficit. the president pressed on the mission in afghanistan. he said he is now ready to declare victory. certainly victory seems a long way off right now in kabul right now. this raises fresh concerns about turning over security. >> at the taliban or their allies showing they can strike at the heart of afghan power....
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that follows a day of violent protests in athens. streets of athens yesterday and what was going on. about 25,000 demonstrators took to the streets of the capital. >>> there have also been violent clashes on the streets of vancouver in canada. hockey fans lost their cool after watching their team slump to defeat in the deciding game of the stanley cup. you would never think this is downtown vancouver. but the canucks last to the boston bruins on wednesday. they were furious, the fans of advantage kufr. they take hockey very seriously, obviously. this got completely out of hand. >>> let's take a closer look at the news that al qaeda's named a new leader, ayman al zawahiri is occupying the space left by the killing of osama bin laden. with me now is a counterterrorism expert with a think tank based in london. thanks so much for being with us. what are we going to see with al zawahiri as boss, more of the same or something different? >> this doesn't change much. even before bin laden had died, zawahiri pretty much led the grupp. he did
that follows a day of violent protests in athens. streets of athens yesterday and what was going on. about 25,000 demonstrators took to the streets of the capital. >>> there have also been violent clashes on the streets of vancouver in canada. hockey fans lost their cool after watching their team slump to defeat in the deciding game of the stanley cup. you would never think this is downtown vancouver. but the canucks last to the boston bruins on wednesday. they were furious, the fans...
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you're watching our team with me and he said now it's six pm here in the russian capital five pm in athens where greece is gearing up for another day of protests after thousands clashed with police on wednesday following parliament's decision to pass tough austerity measures the government now has to implement the agreed cots in order to secure a further financial lifeline from the e.u. financial journalists. where the focal point of the protests with more. things are really quiet here no one's not i gather to get the protests are supposed to take place around six o'clock or they're supposed to start collecting i was in the square on the afternoon right now most people are probably home resting or looking at footage from last night there's a lot of police brutality footage that's been circulating around and got a lot of phone calls from friends that have been at the rally is that asked me if i'd seen the footage so i think that's a big part of what's happening also. another piece of news is that the the head of the national farm workers pharmaceutical situation here in greece will be suing
you're watching our team with me and he said now it's six pm here in the russian capital five pm in athens where greece is gearing up for another day of protests after thousands clashed with police on wednesday following parliament's decision to pass tough austerity measures the government now has to implement the agreed cots in order to secure a further financial lifeline from the e.u. financial journalists. where the focal point of the protests with more. things are really quiet here no one's...
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about 9:20 in athens. tax hikes and sell-offs of government assets in hopes of securing a $17 billion bailout from their fellow euro states. president obama faced tough questions about the economy, libya and afghanistan today to previously unscheduled news conference. he spoke on raising the debt ceiling saying if capitol markets start pulling debt out and the treasury raises interest rates the economy gets worse. he said we have to get it done. >> reporter: news on a bank of america settlement stemming from the 2008 mortgage melt down. bank of america agreed to pay $8.5 billion to settle claims by a group of investors who lost money on mortgage-back eed securities purchased before the housing collapse. it could set the stage for more investors to go after banks that sold toxic assets. >>> wildfires raging in los alamos. how close are they to the stored radioactive waste? we'll go there live next. when an investment lacks discipline, it's never this obvious. introducing investment discipline etfs from russ
about 9:20 in athens. tax hikes and sell-offs of government assets in hopes of securing a $17 billion bailout from their fellow euro states. president obama faced tough questions about the economy, libya and afghanistan today to previously unscheduled news conference. he spoke on raising the debt ceiling saying if capitol markets start pulling debt out and the treasury raises interest rates the economy gets worse. he said we have to get it done. >> reporter: news on a bank of america...
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just to give you a sense of the mood in athens. we get headlines along the lines today of greece in front of a firing squad, no light at the end of the tunnel, that sort of thing. that's all ahead of the crucial vote and also the announcement following talks between the greek finance minister and the representatives in athens of new tax increases and a number of other measures that are going to make things, as you said, much more difficult for the greek people. the unions have already called a 48-hour strike to coincide with the crucial vote in parliament next week over the austerity measures, and a number of other demonstrators have said they will join in. there are the groups camped outside parliament for up to four weeks in some cases to make sure the measures do not go through. they have said that they will form a human chain around the parliament building showing their disapproval of the measures, that they really don't want to see voted in. the mood in the public in greece has been very -- hasn't been very supportive of what
just to give you a sense of the mood in athens. we get headlines along the lines today of greece in front of a firing squad, no light at the end of the tunnel, that sort of thing. that's all ahead of the crucial vote and also the announcement following talks between the greek finance minister and the representatives in athens of new tax increases and a number of other measures that are going to make things, as you said, much more difficult for the greek people. the unions have already called a...
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see athens. well the grim economic situation in greece will be high i'm going to do this for the new head of the international monetary fund france's finance minister christine legarde for analysis what to expect from her we're now joined live by daniel berlant veteran financial journalist editor at strategy magazine thanks for being with us what's your take on this can we expect miracles from the new i.m.f. head will she find a way to finally pull greece and other economies like it straight out of this crisis. i'm afraid not i wish there was an easy way to do it but i don't think that will happen i think what we're likely to see from christine lagarde is more of the third which is the i.m.f. trying to stabilize probably the short cut short deals but really the fundamental problems with the global economy. states are the chief clients of the world's top lender and the guard appears to cement european dominance obviously if the i.m.f. simply a self-serving institution. i wouldn't exactly call it s
see athens. well the grim economic situation in greece will be high i'm going to do this for the new head of the international monetary fund france's finance minister christine legarde for analysis what to expect from her we're now joined live by daniel berlant veteran financial journalist editor at strategy magazine thanks for being with us what's your take on this can we expect miracles from the new i.m.f. head will she find a way to finally pull greece and other economies like it straight...
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this image from outside of their crop elice when it was taken over by the communist party union in athens the peoples have the power never surrender organize counter attack is to counter attack in athens joining the global insurrection against banker occupation over there in cairo they're well ahead of the curve and they're rejecting all i.m.f. world bank loans and all these protests are going to can join to become the global movement and by the way for you fricken so-called communist in athens you're not fighting against capitalism you're fighting against monarchs and oligarchs capitalism has got nothing to do with your problem you don't think exactly actually the quote is we will strengthen our struggle with people from all over the world against capitalist brutality in order for the brutal measures that bankrupt the people not to be applied so all of our headlines are going to prove that they're wrong about that it is not capitalism it's rigged markets and that's not that's the opposite of capitalism first take a look at the look and look at the. this is in regards to the oil release s
this image from outside of their crop elice when it was taken over by the communist party union in athens the peoples have the power never surrender organize counter attack is to counter attack in athens joining the global insurrection against banker occupation over there in cairo they're well ahead of the curve and they're rejecting all i.m.f. world bank loans and all these protests are going to can join to become the global movement and by the way for you fricken so-called communist in athens...
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violence on the streets of athens. protestors fight another round of austerity cuts as parliament prepares to vote. >> a new boss for the imf. another european but for the first time, a woman. it is 11 a.m. in singapore. >> it is 4:00 a.m. in london. this is "newsday". afghan officials say the militants who launched a sustained attack on the internet and tote -- intercontinental hotel, been killed. 10 afghan civilians died during the assault. the five hour gunfight ended after nato helicopters killed insurgents who had taken up positions on the roof of the hotel. this began when three suicide attackers decimated their -- detonated their explosions. >> it was a deadly late-night attack. a group of suicide bombers and several gunmen made their way past checkpoints into the intercontinental. one of the most heavily protected hotels in kabul. for hours, the scene was one of confusion. the guests hiding in their rooms while sporadic gunfire could be heard inside the hotel. the afghan police engage the attackers including a
violence on the streets of athens. protestors fight another round of austerity cuts as parliament prepares to vote. >> a new boss for the imf. another european but for the first time, a woman. it is 11 a.m. in singapore. >> it is 4:00 a.m. in london. this is "newsday". afghan officials say the militants who launched a sustained attack on the internet and tote -- intercontinental hotel, been killed. 10 afghan civilians died during the assault. the five hour gunfight ended...
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Jun 28, 2011
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austerity measures before a key vote in athens. it turns violent. taking the lead at the i.m.f. greece is one of many challenges awaiting christine lagarde, the first female to head the global fund. one of kabul's leading hotels is the front of a battle. and the bubble could go bust. we'll go there to find out. >> welcome to our viewers on pbs in america and around the globe. the economic crisis in greece has reached a tipping point and the anger of austerity measures ignited clashes on the streets of athens as the country teaters on the edge of bankruptcy. tomorrow, the greek parliament is set to vote on deeper spending cuts. the union have called a strike which had clashes between the protestors and the police. >> late into the athens' evening, there were clashes between police and protestors outside parliament, all part of a day of protests against an austerity package which greek m.p.'s will vote on foam. earlier, the protests had turned violent. for hours, there were running battles in the square outside parliament. communication trucks were attacked and set on fire. after
austerity measures before a key vote in athens. it turns violent. taking the lead at the i.m.f. greece is one of many challenges awaiting christine lagarde, the first female to head the global fund. one of kabul's leading hotels is the front of a battle. and the bubble could go bust. we'll go there to find out. >> welcome to our viewers on pbs in america and around the globe. the economic crisis in greece has reached a tipping point and the anger of austerity measures ignited clashes on...
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athens could be in line for another bailout of roughly the same amount, $170 billion. as we said that will depend on a number of things all falling into place, if greece defaults it will spark fresh fears over other eurozone nations who have received financial assistance, talking about ireland, in december of last year ireland received a bailout of 85 billion years, about $113 billion. brian cowan was forced to step down soon after the bailout was awarded. portugal was first reluctant to accept help, eventually took about $110 billion, confirmed early last month. >>> for greece to get that second bailout its leaders must agree to raise 50 billion euros by 2015. they plan to sell government owned property from airports and real estate but as diana magnay reports the hard part may be finding investors buying up pieces of a country already on the brink of financial ruin. >> reporter: greece is a country of timeless charm, but investing in its bloated and grossly inefficient public companies has very limited appeal. the state sector is heavily unionized, companies face tax
athens could be in line for another bailout of roughly the same amount, $170 billion. as we said that will depend on a number of things all falling into place, if greece defaults it will spark fresh fears over other eurozone nations who have received financial assistance, talking about ireland, in december of last year ireland received a bailout of 85 billion years, about $113 billion. brian cowan was forced to step down soon after the bailout was awarded. portugal was first reluctant to accept...
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bbc news, athens. >> president obama has rejected claims by the u.s. congress that he needs their approval to continue military involvement in libya. white house officials said the limited supporting role played by the united states meant no authorization was necessary. our washington correspondent has more. >> what we are seeing our institutional tensions between the u.s. congress, which has exclusive rights to declare war, and a u.s. president who is commander in chief and who has deployed military forces where he sees fit, as have generations of u.s. presidents before barack obama. specifically on libya, they are arguing over the war powers resolution, which sets a total time clock of 90 days for the president to seek authorization from congress for military action. 90 days will be up on sunday. but barack obama is essentially arguing the resolution does not apply in this case because he says what america is doing in libya does not amount to hostilities and warfare in the classic sense. he argues no american boots are on the ground. american soldier
bbc news, athens. >> president obama has rejected claims by the u.s. congress that he needs their approval to continue military involvement in libya. white house officials said the limited supporting role played by the united states meant no authorization was necessary. our washington correspondent has more. >> what we are seeing our institutional tensions between the u.s. congress, which has exclusive rights to declare war, and a u.s. president who is commander in chief and who has...
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to can join to become the global movement and by the way for you frickin so-called communists in athens you're not fighting against capitalism you're fighting against monarchs and oligarchs capitalism got nothing to do with your problem you something exactly actually the quote is we will strengthen our struggle with people from all over the world against capitalist brutality in order for the brutal measures that bankrupt the people not to be applied so all our headlines are going to prove that they're wrong about that it is not capitalism it's rigged markets and that's not that's the opposite of capitalism first take a look at just look i'm going to look this is in regards to the oil release shocks markets ok this is the u.s. and i remember last week they released sixty million barrels of oil into the market to move is warning shot to opec they say exactly what was sort of warning shot is this japan to release three day or oil stockpile in line with a call was made of messages japan sending to opec you know japan imports form. million barrels of oil per day almost entirely from saudi ar
to can join to become the global movement and by the way for you frickin so-called communists in athens you're not fighting against capitalism you're fighting against monarchs and oligarchs capitalism got nothing to do with your problem you something exactly actually the quote is we will strengthen our struggle with people from all over the world against capitalist brutality in order for the brutal measures that bankrupt the people not to be applied so all our headlines are going to prove that...
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on the streets of athens the voices of discontent growing louder. it's a war we did not create this so we're not going to pay for this we want to take our lives but it's grief continues to fight against economic ruin second bailout. an attempt to prevent greece from defaulting on its previous leymah payments but the greek people won't be seeing a penny. not a cent of this buyout money actually comes into the greek economy it all goes out the interest payments and repayments also battles on save the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see taxes taxes taxes and nothing else their money does not go to a very early corner me a year is struggling against harsher sterett he measures it meant the government now faces an electorate opposed to another bailout they are going to get all this the. state the i mean the property and they are going to give almost everything. and live. off the good people they're going to get in this in this. plan the bailout would certai
on the streets of athens the voices of discontent growing louder. it's a war we did not create this so we're not going to pay for this we want to take our lives but it's grief continues to fight against economic ruin second bailout. an attempt to prevent greece from defaulting on its previous leymah payments but the greek people won't be seeing a penny. not a cent of this buyout money actually comes into the greek economy it all goes out the interest payments and repayments also battles on save...