on wall street now this was also after the technocratic governments had been installed in rome in athens and they were pressing forward at that stage in the eurozone crisis also with protests on the street here as some of our show. as the eurozone saga continues the techno craddick government of italian prime minister mario monti has won an important vote of confidence in parliament meanwhile though on the streets of rome and athens for that matter people have protested their new technocratic leaders opposing what they call banker governments and the kind of economic measures that these technocrats want to see through now in the united states of course yesterday we also saw protests occupy wall street had a day of action with protests all over the country in new york l.a. d.c. this was of course the culmination of sixty days of this movement we ask is this about more than protests on the streets is this really about the natural war financial repression lots what financial journalist max kaiser believes he's of course host of the very popular kaiser report which airs on our t.v. now here'

it has and we saw pictures on fox news clearly they were athens you saw greek writing in the background palm trees even maybe a bit more entertaining and a little more chaotic but it certainly wasn't moscow you had c.n.n. showing pictures of a rally that took place last december a nationalist ethnic rally which was violent just outside the kremlin they did file a correction but certainly if you watched any of the major western networks this week you didn't exactly get a clear picture of what was happening on the streets of moscow certainly there were tens of thousands on the street all week and it wasn't chaotic this is the first day we're really saw this many people come out to voice their demands but as you know here in central moscow at a square where the main protests have taken place rallies haven't just been confined solely to the russian capital where else they've been happening. but we saw rallies across the country of course russia the biggest country in the world they began in bloody of all stock out west out east i should say and then across the country and in central russia

is professor of economics at the university of athens also the author of this book the global minute america the true origins of the financial crisis and the future of the world economy and we are so high. to have you on the show again it's nice to see you now before we get started i just kind of want to get something out of the way i'm gonna pretty much assume that you don't think this is a solution to the crisis because you believe ultimately this is a systemic crisis and a european banking system solvency crisis at all timidly this solution addresses neither of those issues adequately so correct me if i'm wrong. i'm afraid you're not wrong approach ok so then let's get to the first question now that that is out of the way because you have been proposing your own solution for a while and in fact you gave a speech at the european parliament where you sense something that many would actually probably find quite shocking you said europe doesn't have a debt crisis it has a crisis of capital so what do you mean. who would it mean if you look at to use them as a single economy which it i

i have to do more work around the house. >> the shopping streets in athens are unusually quiet these days. many greeks are keeping their purse strings tightly closed and buying only what is necessary. many of his friends are also out of work, but they have faith that increase will turn the corner somehow. >> agrees always was and always will be -- greece always was and always will be because people believe in the country. there are lots of examples. >> but that faith in his country does not extend to the government. like most greeks, he does not believe the government's promises. >> it was a revolutionary year across the arab world from tunisia to libya. people in the region fought for freedom and a democratic future, and the world watched in amazement. three governments have fallen during the arab sprain revolution so far, including in egypt. a group of young rappers took part in protests to topple president mubarak. are proud to have been part of their country's historic change. -- during the era of spring -- during the arab spring. >> this song has become a hit among many egyptian

athens, at 17. lisbon 13. london looking at single digits at 5 degrees. here's your extended forecast.

the european central bank and the international monetary fund are looking to provide athens with a new one hundred thirty billion euro bailout i would call it a lying circus the banks who are trying to save their necks who were put on the line with bad loans to corrupt governments and now the waiting and expecting the european taxpayers to pay their bills especially the bonus bills sure christmas is big in europe but billing of the euro for the sake of the banks is becoming one expensive present the dozens of protests that have rocked the e.u. this year alone are a clear sign of discontent over austerity and endless bailouts and it's highly unlikely the new set of handouts for greece will be greeted with anything to cheer . or g. germany. europe minus the u.k. is now vesting all of its hope on an economic union to dispel the debt troubles but some believe that's not really the miracle cure that it's made out to be international consultant and author adrian. among them siding now with britain believing that the loss of sovereignty will prove to be too much from. in this particular insta

rooms and banks in twenty eleven and flooded the streets of europe most commonly and violently in athens greek debt became the centerpiece of the euro crisis protests ranged against desperate austerity cuts to qualify for i.m.f. bailout germany and france fine for influence in the debt ridden zone i think we will see an exit of greece given the situation in which the greek economy find itself has become really unavoidable draining the economy of big brother germany can't go on forever greece and italy are now led by on a lark to brussels back technocrat leaders who are trying to curb the crisis coming into a new year critics say twenty eleven bell outs or bust was the beginning of the end for the single european currency there's every chance the euro is going to crash. london burned for days in the summer of twenty eleven what began as a peaceful protests demanding justice over the death of a twenty nine year old man who was shot by police turned into days of riots and left authorities helpless talks of possibly bringing out the military bars the shops were looted car set on fire and win

in capital where the party is in full swing also happy new year specifically to athens sofia and cape town as well and while half of the world has it wrong in two thousand and twelve the rest are getting ready to do so as well two thousand and twelve the first to arrive just some eleven hours ago now and in a new location this year it was the independent state of samoa in the south pacific for the first time ever it used to be the last in line but switched to time zones to get closer to new zealand this week it skipped friday completely the previous new year premier venue was kiri team on t.v. better known as christmas island next country to enter two thousand and twelve was new zealand closely followed by russia's far east and as the new year started its march across russia's vast territory australia japan the two koreas china and other countries lit up as midnight passed four hours ago they were ringing in the new year in thailand and vietnam with kazakhstan and paul in india following minutes later as they use sub time zones there right now the south pacific is probably heading off

bureaucrat son bankers head to athens just days off the leaders fail to push through a deeply unpopular economic union which is already tearing the clock apart more on that in a few moments here on alt. russia's president to me treatment here that has ordered a probe into all allegations of fraud during the parliamentary election just over a week ago thousands of opposition protesters across russia held rallies over the claims calling for a complete rerun of the poll parties within a caution over reports. president dmitry medvedev issued a direct order to carefully investigate all claims of violations you in the parliamentary elections and keep pulses on of facebook that she was quite satisfied with the way the rally ones especially how peaceful and well are being nice know the word he also said that according to the constitution every russian citizen has serbia freedom of gathering and also be a right to express their own opinions he does sound that he disagrees with these slogans and these statements that were made during these meetings but again he promised does all claim so finally

already been allocated to bail it out even leaders have approved yet another tranche the enos to athens paid off its three hundred sixty billion euro debt preventing it from going under and taking others with it but many fear the tactic will not work its all about physics review no matter how strong a material is like this piece of metal with the right amount of pressure it will break. and unfortunately for the euro zone the laws of physics are called universal for a reason meanwhile the pressure is rising the latest e.u. summit in brussels showed the economic crisis is creating cracks in the union britain walked out of a deal put forward by germany and france to revise the e.u. treaty and create a fiscal union with a tighter grip on finances but analysts to warn the integration may take too long with some countries facing a possible referendum on the deal this year a package will take until march to implement and i think in the meantime the eurozone in particular the mediterranean countries are extremely vulnerable indeed and i do not discount the a breakdown in the markets will overwh

timothy geitner continues lobbying in europe for the eurozone crisis solution that washington wants in athens we see more austerity amidst protests on the street but doesn't matter what protesters want is democracy on hiatus as technocrats try to solve the eurozone crisis corporate raiders come in like vultures to profit from the distress we'll examine it and us president brock obama in his speech yesterday accuse republican leadership for years of weak regulation and oversight ahead of the financial crisis that he said led to this financial sector where irresponsibility and one of the basic oversight nearly destroyed our entire economy . meanwhile. the leader of the government which virtually. obama and democrats are coming under fire from republicans for all of the political contributions they've accepted from john corazon and m.f. global employees you can see them right there on that chart does this all go to show the crony capitalism and the power of wall street cuts both ways and as we heard obama speak to the nation about restoring the middle class we know corporations have been looking

still warm in rome with 20 degrees, and 18 in athens. warmer than average in berlin with 11, and 6 degrees in stock home. that's it for me now. here is your extended forecast. blood pressure. >>> that's all for this edition of "newsline." i'm catherine kobayashi in tokyo. tokyo. do stay with us. -- captions by vitac -- www.vitac.com

and 18 in athens. all right. that's it from me now. here's your extended forecast. >>> our lead story this hour. u.s. secretary of state hillary clinton is challenging myanmar to push ahead with reforms. she says she u.s. could upgrade relationships with the nation if it met certain conditions. might get a u.s. ambassador after 20 years without one if it makes further efforts towards democracy. clinton is the first u.s. secretary of state to visit the country in 56 years. she met on thursday with president tein seine. will look at lifting sanctions. she's urging further steps to release political prisoners and end ethnic conflicts. clinton says the u.s. will consider upgrading the level of its diplomats stationed in myanmar to an ambassador. clinton says the discussions have been productive. >> i told the leadership that we will certainly consider the easing and sanctions as we go forward in this process together. >> very happy to meet you. >> clinton invited pro-democracy leader suu kyi for dinner on thursday at the u.s. diplomatic mi

moscow forty in the russian capital athens and opening the scoring through dimitri . and by the end of the first period they will see what we call i hear dead on target for the second. he then added another in the second period i did pull it back to three one. of the strike we just put it across the bow was as close as they got and was. giving atlanta a four one late denis passions late effort to discard to make it forty but this is now the seventh straight defeat. while atlanta right wing alexy cover levers watching from the sidelines last night he's been out with a knee injury for almost three months but the former n.h.l. great has used the time to help teach children and support a charity that is close to his heart from a cost of a small. nine hundred ninety four stanley cup winner and nine hundred ninety two a limp dick champion and the sake of an elf has spent almost his entire career in the n.h.l. following eighteen seasons across the atlantic the thirty eight year old right wing signs at city here deal with moscow regions auckland's last summer but away from th

reasons for more bailout instructions as europe's failure to form a con of virtual fiscal union pushes athens further towards a default. feeding controversy ukraine aling bank based across the atlantic allure is in customers with credit card theme the route of famine that killed millions of. israeli airstrikes on gaza palestinian bid for statehood and an arab spring in the background the middle east peace process is facing more challenges than ever so already spoke to influential palestinian politicians. about what happens next. with me i have dr mustafa barghouti the president of the palestinian national initiative and a member of the palestinian parliament dr thank you very much for joining us here on r.t. will palestinians still push ahead in the statehood bid despite the fact that it seems a two thirds majority in support of it is highly unlikely there can be no vote in the security council now because the united states already obstructed that by. denying of a committee that are it to ask for what has american pressure paid off as more from one side i mean many companies are doing what th

the roads and squalor of new york to add debt ridden bureaucracy the troika to bureaucrats had to athens just days after leaders failed to push through a deeply unpopular economic union which is already tearing the block apart more and ahead. russia's president dmitry medvedev has ordered a probe into all a geisha is a fraud during the parliamentary election just over a week ago sow's of opposition protesters across russia held rallies over the claims calling for a complete rewrite of the poll artist medina cotch of the has more. president meeting me geez if issued a direct order to kathleen votes to get all claims of validations using the parliamentary elections he posted on the facebook that he was quite satisfied with the way the rally ones especially how peaceful and well are being nice to be worth he also said that according to the constitution every russian citizen has to be a freedom of gathering and also be a right to express their own opinions he does sound that he disagrees with these slogans and these statements that were made during these meetings but again he promised that i

in athens for example were academically born rather than sort of politically born here i don't think there's any huge issues in russia with the economic situation and i don't think these were protests in russia about economics i think there's a potential link through if you look at night so it's a little bit about pressure on disposable income now they could be some issues and sounds of access to credit and loan growth you know i wonder if you know the we've already seen it's an extent actually is that the uncertainty that emanates from from the euro zone could be reflected by a slight degree of cautiousness from the consumer to spend a lot you know when they're worried about commodity prices where they're worried about the e.u.'s going to break up and you seen some extent in some of the sentiment surveys from russia's manufacturing exports and it seems like the p.m.i. surveys have been quite depressed in russia for quite some time and the bulk of those are driven up by a comprise about exporters of the people questioned in the service so i think there could be some potential feed th

roots of squalor of new york to debt ridden bureaucracy the troika who bureaucrats and bankers had to athens just days after leaders failed to push through a deeply unpopular economic union which is already tearing the walk apart more and have. russia's president richard verify as ordered a probe into all allegations of fraud during the parliamentary election just over a week ago thousands of opposition protesters across russia held rallies over the claims calling for a complete rerun of the poll well for more on this let's get straight to madrid a caution of our who's in central moscow has more but who has been along the way to reaction isn't it so tell us more about what the president had to say. that's right the president's meeting with face to face shoot a direct order to investigate all the violence a claim south of violations over the voter fraud so meanwhile he also posted it on facebook saying that he was quite satisfied to the way quite satisfied with the way of the a rally so one set in the central moscow though he said that he disagrees so with these slogans on the statements that

bailout tranche by pledging to go forward with austerity thousands of people went out of athens main square while the strike closed schools disrupted public transport and that hospitals rely on in the agency's style and wednesday the humanitarian chief warned that eurozone is just ten days to stabilize the single currency and stem the crisis meanwhile the european central bank said it's ready to play a bigger role but nations should tie their budgetary policies closer together the nationalists you haven't found over felt says that tighter economic governance is needed for a country's sovereignty could be sacrificed in the process. the sense of urgency certainly has not only to do with greece is it has to do with what is happening overall in the monetary union there are a lot of countries on the pressure don't forget for example the situation of portugal despain problem is also very much on the table and then of course there is the italian problem it's very basic you can't have a functioning monetary union without a political union that's a choice you have to make and you can't have o

on solving europe's debt crisis with one of greece's unique communists now this is our focus from athens university joins us now live on our team thank you for joining us and the e.u. can't agree as a whole it seems so the seventeen year using countries planning their own set up with a few others joining in but they just setting up a club within the club. well this is nothing new the moment some of the e.u. countries. together monetary it was bound to be the case the club within the club would have been created what has changed is the fact that this . ten year old eurozone has. this integration which. panic throughout both of eurozone and the global financial community there is being that the seventeen member states come to these the club with a club as you put it are desperately seeking ways of holding the holding together and in the process train between them. that is within the european union is. multiplied so how can this work better and if those countries agree stricter controls on how they financially function will this erode their suffering decisionmaking leaving the euro big play

not what it seems when you get a hold of fox news wrongly using footage of the greek riots claiming athens this mosque a. huge security at stake as russia or a nation a means to tackle volatile sticking points like european missile of a planet on the prevention of libya's strong military intervention. currency crunch time for the leaders roll out their sleeves and to slug it out to solve the debt crisis once on for a better pill maybe to halt the psalms and swallow a. very warm welcome to you this is live from moscow russia's prime minister is encouraging the opposition is their constitutional right to rally key cities in russia has been the scene of mass gatherings for the past few days with positions claiming that the election results were falsified peter all of his across developments for us that to him like now these are russia's elections has been an issue not just here in russia but across the wall all these new statements coming in from the russian prime minister adding to the excitement. but what we're hearing from a lot of me a prudent is he's told the opposition protesters those

and squalor of new york to death bridge iraq or see the troika of bureaucrats and bankers had to athens just days after leaders failed to push through a deeply unpopular economic union that's threatening to rip the walk apart that's just ahead. russia's president reiterated that it has ordered the probe into all of geishas of fraud during the parliamentary election just over a week ago sounds of opposition protesters across russia held rallies over the claims calling for a complete rerun of the poll forand as let's go straight to our correspondent jim acosta who is in central moscow for us so many hours the authorities meeting the protesters halfway. down streisand presents me today give issued a direct orders to carefully investigated wounded claims of violations during the elections he also posted on the facebook that he is quite satisfied with the way the a rallies ones especially how peaceful and well organized the rallies answer the meetings one to central moscow but that he's not done and he disagrees with these slogans and so the announcements that were made during these are rall

the so-called troika are in greece to put in place a second lifeline for the debt ridden country athens narrowly avoided default in december off to receive vital cash injection but still remains at risk that's as cracks are widening in the e.u. also what's considered a major divorce between britain and other members of the brussels summit. has more . it's not easy running a business even a small one like this german company which produces isolation materials for gas turbines loans taxes salaries competition it's enough to keep any business man's head busy but many still wonder why rules different when it comes to the big book or in this case the euro. when a business takes a loan and cunt paid back it announces its bankruptcy i think a state which keeps accumulating debt has to do the same it's no different from a company in that sense you don't borrow money if you know you can't pay it back but for some reason often this doesn't seem to be the case for the eurozone so let's take greece for example besides billions of euros which have already been allocated to bail it out even leaders h

with instructions as europe's failure to form a controversial fish school pushes athens further towards the. feeding controversy a ukraine based across the atlantic losing customers with a credit card themed around a famine that killed many. israeli airstrikes on gaza a palestinian bid for statehood and an arab spring in the background and the middle east remains a powder keg waiting to go off so we spoke to an influential a palestinian politician that of mustafa barghouti about the peace process prospects in the region that discussion is now. with me i have dr mustafa barghouti the president of the palestinian national initiative and a member of the palestinian parliament dr thank you very much for joining us here on r.t. what palestinian still push ahead in a state where but despite the fact that it seems a two thirds majority in support of it is highly unlikely there can be no vote in the security council now because the united states already obstructed that by. denying the committee that are you to ask for what has american pressure paid off yes more from one side i mean many compan

furthur porting for us there from athens now so tyrannies lecture at the university of the a g n in greece believes that the country will see even more social devastation in two thousand and twelve and euro kratz in brussels are to blame people are in despair. unemployment has really. seen before they have a public spending cut. salaries are minus thirty five percent we're being told we're going to do it maybe more ten years it was still going to reach this level and when we count the first time we were talking about big things so i remember that not true of course of the country i think you were like you were referring to both case is over we had a strong rejection the world this policy so the thing with the government was no way to change it by the european union and the i.m.f. has said no we're going to come around no you cannot have an election you're going to have a european central bank or a prime minister whether you like even though you're going first coach told his moves or stuff that people in the streets tell riddick that then you can have an election but this is a mockery of de

grads and bankers head to athens just days after new year's failed to push through a deeply unpopular economic union which is already tearing the block party warned that i had. russia's president dmitry medvedev has ordered a probe into all of the geishas of fraud you're in the parliamentary election just over a week out thousands of opposition protesters across russia held rallies over the claims calling for a complete rerun of the poll. artie's medina caution of a doubt joins us live for more so what do you know are the authorities meeting the protesters halfway. while president need to be made today do have a shoot a direct order to count fully examined all claims of violations uing the parliamentary elections he posted on facebook that he was quite satisfied with the way the rally once especially how peaceful and well organized this meeting swung day in the central moscow he also found that according to the constitution every russian citizen has the freedom of gathering and also the rights of expressing their own opinions meanwhile he said that he disagrees with the slogans and th

and i didn't, of course. [ laughter ] but -- i wore my best outfit from athens, georgia, which i bought>> kermit: i know, i know. that's a great place for me to butt in but i'm going to let him keep talking. [ light laughter ] >> jimmy: green, pointy shoes. >> kermit: yeah, sorry. >> but i had skin -- kermit, i had skin-tight, wide wale corduroy, banana-colored pants. >> kermit: wow, wow. >> piggy: you should try those, kermit. >> kermit: thanks a lot. [ light laughter ] >> jimmy: i mean, that was your best outfit? >> and eye makeup, of course. but that was it. >> jimmy: and eye makeup, as well. >> yeah, yeah, i did it as best i could. >> jimmy: is that right? and this is in 1980? was that in 1980? >> '79. >> jimmy: that was '79. was the glam thing still -- has happened? >> no, it was over. i mean -- [ laughter ] >> jimmy: you're just like, i wanted it to happen. yeah, yeah. well, you guys, you've got to pick this up. it is unbelievable. we love you and thank you for all the work that you've -- >> kermit: oh, yeah. [ cheers and applause ] >> jimmy: created and will continue to do. you'r

niall ferguson said the threat coming from places like rome and athens, europe.s debt crisis puts the entire global economy at risk and could drag america, which is showing some signs of recovery, back into a recession. diane swonk joins us again. you say it's possible we've only seen the tip of the iceberg when it comes to europe and the political leadership in the united states needs to steer this country in the right direction not only to protect itself but try and veer off any trouble, further trouble europe can get into. that begs the question what role, if any, should the united states play in dealing with eurozone crisis. >> it's a very difficult question and has a very difficulty answer. the most notable is what the federal reserve has done. we saw a coordinated effort by banks around the world, notably in the eurozone but canada, switzerland joining in, all these baerngs around the world doing a coordinated effort to provide liquidity to european banks. we're all interconnected. nobody is an island in global economy. through the financial system is where