>> guest: so in athens and 510 b.c. at the end of the sixth century goes the other way when you are going backwards. plato and aristotle are writing an three hundreds. see the democracy more or less come to an end after alexander the great fight the battle. there's a few skirmishes but essentially they are. i read about the hellenistic period, under alexander's general and meanwhile at almost the same time you have the rise of rome, the roman republic also arguably established and gradually again become a new institutions being formed the emergence of this and other new roman and the two sins until essentially it is again extinguished with the bottled axioms about 20 25 years before the birth of christ. have a little bit about the roman empire after the birth of christ. >> host: another one of the ideas why the ideas by midnight today according to melissa lane is cosmopolitanism. >> guest: this is very interesting because for the greeks politics is something that took place in the city state bounded by the city's wall a

>> guest: if we think about athens one of the interesting things is the athenian democracy emerges in stages so one of the most important figures in prehistory, the probe beginning this is the lawgiver stolen one of the first people to start heavens on what would become a democratic have lived around 594, the beginning of the sixth century and at that period really established the principles of justice between the rich and the poor but after that there was a kind of period where family got the upper hand and began what the greeks call thailand and at first they were not necessarily in the bad sense and ordinary people but by the end of this dynasties did it become quite corrupter and about 5:10 they are overthrown and at that point actions in 508 starts to take a real turn towards becoming a democracy and in the next century under pericles and others. >> host: who had more authority? the greek people the roman people? >> guest: in many ways the athenian people in the sense of the popular ordinary poor people had the greatest authorities in athens. more of them than in rome. they playe

>> in athens, solan is in 510 b.c. the end of the sixth century, goes the other way when you are going backwards. played leather sought or are riding in the 300s. athenian democracy more or less comes to an end after alexander the great fight a battle that distinguishes it in 322. there are a few skirmishes by essentially that. i write about the hellenistic period under alexander's generals and at almost the same time you have the rise to the roman republic. also arguably established in 510 gradually again becoming new institutions being formed, the emergence of tribune's of thes and others until he essentially is extinguished in 20 25 years before the birth of christ and i wrote a little bit about the early centuries of the roman empire after the birth of christ. >> host: another one of the ideas and what a matter today according to melissa lane is cosmopolitanism. >> guest: this is interesting. to the greeks, politics was something that took place in the city state bounded by the city's laws. what happened partly wit

the spanish prime minister has a few words of advice for athens. rajoy: we have gradually built up our credibility. if you stand by your commitments, then it will start to pay off. reporter: for spain, the payoff is now apparent. the country's economy is now growing after years of stagnation. in march, the number of unemployed dropped by more than 60,000. brian: india has taken a step towards ending the rising told in human -- rising toll in human life from air pollution which has been tied to hundreds of thousands of deaths in that country every year. laila: the government says the nation's booming economy continues to extract an unacceptable toll on the environment and on human life. the first step is to inform people of the quality of the air where they live and work. reporter: prime minister narendra modi launched a new air quality index at an environmental conference in new delhi. the index will monitor air quality levels in 10 major cities. modi blamed modern lifestyles for the rising global pollution. prime minister modi: we won't succeed un

athens off by 3%.n of whether or not we're going to see some type of a debt deal debt restructuring deal happening with regards to greece when it comes to the u.s. futures. >> interestingly enough we did see a rebound in yesterday's trade despite, we did see the sell off last week but yesterday investors taking that as a reason to buy stocks. the dow up about 59 points in premarket trade. interestingly yesterday, tech and utilities. those were the two bright spots that led stocks. >> they could end it well before the time runs out. companies can terminate the deal any time of october 1st. before that they could only mark walk away if they failed to reach benchmarks. what can we expect? let's bring in the portfolio manager at jacob asset management. great to have you here. it's been alibaba driving earnings over the past couple of years but soon to be spun off. how is yahoo! going to fair given the challenges it's been facing? >> i think it's going to be another block order for the company. that's been

barnaby phillips is live in athens. is there any doubt the money will not be paid. >> i don't think there is. as we were coming on air we heard reports that greece has made the payment. so one little hurdle overcome by athens today, but many many obstacles in the weeks to come. a series of repayments that have to be made throughout late april/may. to the i.m.f. and the european central bank. and bigger repayments in the summer. and a feeling in athens that the greek government is living a hand to mouth existence, scraping together the money week to week worrying how to pay pensions and salaries how to pay creditors, and still no substantial agreement with european partners that would release further bailout funds that the country desperately needs. >> it seemed when alexis tsipras came to power, that things would be different once he came on to the job. it seems as though he is hampered in this with the e.u. well i think it's fair to say that there's an increasingly sour atmosphere between greece and other european coun

easter means an exodus to athens. as people rush home to their home towns or their islands to be with their families. for those who have stayed in the capital, there are free lessons in ceramics. this week, they make easter eggs and reflect on how the crisis has changed the economy. >> translator: there are certainly cases of people who can't afford what they need, the lamb and the other food. it's a difficult situation for everyone but it also creates unity. we hope each other and we hope like christ, our economy will resurrect. >> it is time of the year when people head to cemeteries to be close to dead relatives. faith and economy both strong, a face of comfort in hard times. barb biphillips, al jazeera athens. >> it's not all doom and gloom on the easter islands the parishioners of the two village churches launching rockets in a mock war. people from all over come to witness the display. >>> the prestigious metropolitan museum of art is set to host collections from museums all around the world. auckland new zealan

athens races to secure funding.hs and citigroup both out with earnings that beat estimates. we are counting down to earnings from american express. julie hyman is at the breaking news desk. julie: i am looking at a lot of the elements you mentioned. there was not a macro driving factor for the equity market today. that is reflected in where we see the prices for the major averages. it was a single stock story. whether you are talking about bank earnings, that kicked off the day. goldman sachs and citigroup, those two stocks moving. of course, we have the wave of ipos that began trading. that was a buzzy event. it did not affect the macro view. etsy doubled in its first day of trading. these three companies raised about a billion dollars in their first day. we have been seeing some more ipos starting to heat up a little bit more. i want to talk about oil as well because we did have a reversal in oil prices today. we did see a drop in oil earlier today and by the end, we were seeing an increase. some questions about s

they say athens is wrong to conflate its budget problems with reparations. why is the government raising this issue right now and what does it want to achieve with this? >> this is hardly a new claim from greece, but it is a new leftist government that is moving forcefully and rigorously as far as this claim is concerned. the prime minister himself has said -- he does he himself who raised the issue to angela merkel in face to face talk not too long ago. it's also the defense minister, his coalition partner, who is coming out and saying there is stunning evidence to bolster these claims even further. the government here is saying there is no game of linkage in its credit talks with creditors, but there's no doubt these atmospherics are antagonizing the talks. it is definite that the prime minister's time to play to his domestic audience and show that he is really there with the people and that he is fighting for their causes and to deliver on the campaign promises the party made. that is why you're seeing the popularity of this prime minister just continuous

said athens has ther right to look to moscow foras stronger economic ties. before getting down to business, they visited the tomb of the unknown soldier. on his wish list, low gas prices and deferral of outstanding debts. despite the budding friendship, greece and russia are both under economic strain. moscow is feeling the pinch of eu sanctions, something both countries opposed. putin clarified their plans. >> i want to assure you that we are not going to use any kind of situations within the european union in order to bit by bit resolve the issue of improving relations with the european block as a whole. >> this could meet loans for greece in exchange for economic cooperation. vladimir putin is keen on shoring up bilateral trade which is fallen 40%. they also discussed extending the turkish pipeline project into greece, a move that could turn athens into a major european energy hog. -- energy hug. tsipras said it is eager european problem that needs it european solution. >> i can say that today is an important day for russian and greek relations. >> as the

we head to athens where ali velshi is reporting, when we return. return.

in the latest sign of worsening relations between athens and its european creditors. greece demanded almost 280 billion euros in world war ii reparations from germany. mr. tsipras' visit to moscow appears to have widespread back backing amongst residents in athens. >> translator: i think what he's doing is right. i think he should have all these alliances with russia and the united states and europe. i believe he's making a lot of effort and these efforts will show if he succeeds in writingbringing results. >> shouldn't europe be obliged to help us? they should help us. they should give the government funds. since they are not giveing us funds and created the current situation he is doing the right thing. >> translator: perhaps it's a way of pressuring greece's partners if there is no agreement on the bailouts. >> let's speak to our moscow correspondent, kevin connolly and ask him whether russia was a viable source of funding for greece. >> you take into account the huge amounts greece is in debt the answer is no moscow probably doesn't have the wherewithal to fix gre

let's get the view from athens via london.a little bit about what the view is out of athens right now. i'm really trying to understand the psychology. this is all about psychology now here it -- now. reading between the lines, what is going on in athens? what is going on in parliament? vassilis: the current government that was elected on the standard mandate that they would work on a much harder stand trying to get some leeway on austerity measures that were imposed in greece. so we are having -- we are heading towards what could be the fall for greece. the greek government is standing by this strong stance that we are not going to be allowed to honor our promise to the greek people. this rhetoric got the government to power. it doesn't bode well with creditors. the greek people see this as a government that tries hard and fights hard for the people. however, as time goes on and the greek default is looming positive opinion polls for the tsipras administration are going down. they are around 55%, which is a big number. francin

the athens clinic has over 200 doctors and other medical personnel. over the past four years more than 30,000 people have been treated here. volunteers sort the medical supplies. the clinic is financed solely by donations. no one receives a salary. this woman has been working here for years. like many, she is furious at the cutbacks the country has been forced to make, but her country -- her angry is directed at the eu rather than athens. >> what do they want? o salariesur -- our salaries and pensions were cut by 30%, 40% 50%. what do they want us to do, to make us all beggars, going out into the streets? reporter: much like these athens -- greece has all but come to a standstill. >> i feel frustrated. we greeks feel very alone. we face endless cuts and have to pay more and more taxes. there's a saying in greece, "wet people aren't afraid of rain." we are pretty wet right now. reporter: brees's creditors are standing firm on the need for further reforms -- greece's creditors are standing firm on the need for further reforms. matt: it was great having

we head to athens where ali return. >> part of al jazeera america's >> special month long evironmental focus fragile planet >>> you're watching "inside story" on al jazeera america. i'm ray suarez. greeks unhappy with the severe economic contraction brought on by austerity - shut businesses, lost jobs, government lay offs swept an anti-austerity party that never ran a government into power in greece, and for a while there was tough talks of standing up to the germans, rejecting the strait jakarta of european -- straight jacket of discipline. al jazeera's ali velshi is reporting from athens, rather than precipitate a crisis sounds ledge. >> they did. as late as last week they said rather than make the $500 million as part of the repayment, the interest on the loan, they'd prioritise the payment of government salaries and pensions. in the end they hardly could scrape up the $500 million. they managed to do so. they have more and more payments coming up, 420 million euro next week, 900 million towards the end of the month, and 2 billion in salaries and pensions in may. they need another 7

al jazeera's ali velshi is reporting from athens, rather than precipitate a crisis sounds ledge. >> they did. as late as last week they said rather than make the $500 million as part of the repayment, the interest on the loan, they'd prioritise the payment of government salaries and pensions. in the end they hardly could scrape up the $500 million. they managed to do so. they have more and more payments coming up, 420 million euro next week, 900 million towards the end of the month, and 2 billion in salaries and pensions in may. they need another 7 billion from the creditors. the condition was unless you tighten up in greece further, you will not get the money. the government was elected on the promise that they'd cause the strait jacket to be loosened, cause austerity to be pulled back. they have not delivered on the promise. yesterday the i.m.f. called the bank of greece and said the money better be paid and they gave the bank of grease instructions to wire $500 million. >> sounds like a desperate hail marry pass flavour to some of the things talked about by the knew syriza led governm

bloombergs athens bureau chief. right now we are joined by -- i do not want to get into the political noise here it on to talk about getting -- about moving forward. what about the in between? the referendum? >> i think multiple options. politicians always take the path of least resistance, as long as you are going to get reelected. maybe the path for greek government will be to agree given that they are in a position where they are week. their electorate will turn against them. maybe the option will be for no agreement to take place. greek is taking the hot potato onto the public and saying can we vote on these particular measures? if we do not agree then we have to close our borders. we have to exit the eurozone. jon: they try to sort this mess out. what about the other right in the financial sector? could the financial sector be the straw that breaks the camel's back? >> clearly the financial sector is bankrupt anyway. the only reason it is kept afloat is its internal funding mechanism with. any minute. i do not

athens a little gain today but this has been a week as a whole that's been negative for athens with fearslook at bond markets as well. it ain'ts a similar story. you can see grichb by more qe we've seen yields push lower. of course there will be no tapering as expected. that led german ten year yields to record lows. french yields below 0.35 for the first time and the 5 year french yield into negative territory. spanish and italian still negative. i worry what they're going to do generally. the whole point is you get a coupon and you know whatever volatility comes if you hold it to maturity you get that return every single year. that doesn't work now. i don't think we're really waking up to what that means for financial markets globally. >> i don't think anyone knows. we're in unchartered territories yet at the same time many insurers still have the mandate to buy the bonds even if they're yielding negative. we're seeing maturity in germany. up to nine years i believe now in the red and maybe it's just a matter of time until the german bund yield will see a negative yield. >> i just think

the athens ase down by 1%. not a lot of macro data to focus on today. we get euro zone retail sales later on today but also fomc and ahead of that a little bit of caution. in the currency markets the dollar slightly after a strong session. higher by half of 1% and the dollar falling slightly against the japanese yen on the back of the action. keeping it's monetary policy unchanged. 119.87 and the aussie dollar with another jump against the green back after the surprise move by the rba. of course it didn't move. that was the bigger surprise. brent crude down by 1.5%. 58.25. wti down 2.3%. 52.73. we have the largest than expected increase based on the api report. we get the eia report today and we heard the saudi's producing at a record pace. seema, what's coming up on the show. >> heres what's coming up. bio tech shares on a tear over the last year but is the sector heading for a correction? one expert tells us how to play the volatility in bio tech and he tells cnbc he's still bullish on the commodity sector. find out where he is putting his money. plus

from athens, barnaby phillips reports. >> it's the most important religious holiday in greece. country where church and national identity are still inbetweened like perhaps nowhere else in europe. this represents the body of christ before easter. but it is a time of feasting and for greece that means roast lamb and yet this butcher say habits have changed in recent years. >> nowadays people buy more than they need. they used to buy so much meat they could not eat all of it. i think its healthier now there is not weight. i think it's good for our planet. >> and at the port it's a scramble to get on the last ferry to sale before everything shuts down. easter means an exodus to from athens as people rush to their villages or islands to be with their families. for those who have stayed in the capital there are free lessons in ceramics. this week they make easter eggs and reflect how the crisis has changed society. >> there is certainly people who can't forward everything they need. the lamb and the other food. it's a difficult situation for everyone. but it creates unity. we help e

. >>> still ahead on this al jazeera news hour occupy athens a group of said greece parliament demandelease of marxist prisoners and a sand storm causes chaos in the gulf. we have details if you stay with us here on al jazeera. ♪ >> now available, the new al jazeea america mobile news app. get our exclusive in depth, reporting when you want it. a global perspective wherever you are. the major headlines in context. mashable says... you'll never miss the latest news >> they will continue looking for survivors... >> the potential for energy production is huge... >> no noise, no clutter, just real reporting. the new al jazeera america mobile app available for your apple and android mobile device. download it now >> al jazeera america brings you a first hand look at the environmental issues, and new understanding of our changing world. >> it's the very beginning >> this was a storm of the decade >>...hurricane... >> we can save species... >> our special month long focus, fragile planet time to recap the global headlines after a decade of negotiations a breakthrough deal is made on the nucl

. >> athens needs the funding. thursday's installment was the tip of the iceberg. next week they need to come up with 1.4 billion euros to pay back treasury bonds. three days later, and other billion euros. greece was able to raise more than a billion euros from a bond sale on wednesday. primarily to domestic buyers. that is not nearly enough to meet its immediate obligations. >> although greece has made its payment to the imf, it faces a cash shortage. there is conrad weighing in on the greek situation. conrad: the euro dollar exchange rate fell again on thursday and this was influenced by reports the ecb has increased the emergency liquidity assistance for the greek banks. the european central bank did not confirm this, but the trading floor sounds precise. 73 point 2 billion euros is the total amount of emergency liquidity assistance the ecb is said to be allowing the creek banks. the banks need the money because they buy government bonds from the government in athens and his means that without the money from the ecb greece would be insolvent. >> let's get you u

ali velshi reports from athens. >>> the n.r.a.meeting - a topic for discussion - the push to allow guns on college campuses. >>> officials with the international monetary fund say greece made its first big loan payment of about $500 million. it's the first installment of the billions greece owes to the international monetary fund and the eurozone. many worried greece would have problems making the payment. as ali velshi reports, that was not the pace. >> greece has got start paying back the money, refusing more than 200 billion in loans. more than that. they needed to make a payment of $500 million an interest payment to the international monetary fund. greece until yesterday tried to find options around paying it trying to get russia to lend it the money, get on extension on it. the finance minister was in the united states over the weekend, talking to the head of the international international monetary fund, christine lagarde to get better terms, that was not granted. reports are that the i.m.f. sends a demand to the bank of gr

athens needs to find well over one billion euros to meet this month's wage and pension bills.chor: some bad news for russia. the eu has accused russia upon gas prom -- russia's gazprom of abusing its position. >> the complaint is centered on the company's actions in a number of areas. preventing the flow of gas between eu countries. charging unfair prices. demanding control of pipelines. the company says that the eu claims are unfounded. it has 12 weeks to formally react to the charges. >> it concerned a different countries -- eight different countries. they are prominent in all of these markets. in some of these markets, they are the gas under -- vendor. what we say in the statement of objection is our preliminary view alleges that they are abusing this dominant position. >> the so-called flash crash on wall street. a man was arrested in london on tuesday after u.s. authorities charged him with fraud and manipulation of the markets. he is facing an extradition case to stand trial in the united states. he has appeared in court in london in the past few minutes and the judge ha

real money's ali velshi joins us live from athens. there were doubts that athens might have trouble paying this first installment. that does not look to be be the case this morning. >> i think there probably was trouble, good morning to you stephanie. they were trying until yesterday to figure out an alternative. the finance minister had been in washington meeting with the i.m.f. and u.s. treasury to try and get support in not having to pay this bill today. the prime minister was in russia again no help there. they don't have the money. the bottom line is they've had to borrow from other parts of the government, from other democratic to say make this payment of 450 million euros about $501 million. the payment has been made. we are still waiting for confirmation from the i.m.f. that they got the wire and it's in their bank. greece has been talk about to world powers, to the united states and i.m.f. and euro zone to say please give us a break. the terms are too tough. the greek people elected a new government two and a half months ago

. >> another deadline is now passing without notice but it's athens' financial liabilities that will determine the real deadline. starting from may, greece needs to find around 3.4 billion euros a month to meet budgetary obligations. repayments to the imf will cost the country for the billions. in july, a repayment to the ecb will bring greek liabilities up two over 7 billion euros. creditors say greece will not be allowed to postpone payments again. germany's finance minister has little hope that a solution will be found soon. >> it's been cleared for weeks that it was unrealistic to expect us to find a lasting solution at the summit. i'm happy to see you all here. don't be disappointed, and enjoy the beauty of the country and the intensive debates we've had in our informal meetings. >> it seems unlikely they will get around to enjoy latvia as greece continues to test its neighbors' dwindling patientsce. >> for more on how eu finance ministers reacted to athens' failure to come up with credible reforms, we trust over to our correspondent who sent us this. >> after tough talks, finan

the russian church in athens is a reminder that it was greek missionaries in the past. this holy week a different mission was bound for moscow. greece needs money and friend to face a hostile creditor. face a hostile creditor. russia want to prevent e.u. sanctions, sanctions that prompted it to ban european products. >> russia will try to tempt greece through various deals and a unilateral suspension of the counter-sanctions. that's on greig agricultural products. but whether they can make a very tempting offer of let's say offering $30, 40 billion, which is the amount greece will neat in the future, it is unlikely. >> a direct russian loan to greece is not the only option. russia could lift the import ban for a billion dollars of greek products. because greece spends 10 times that amount russia could lower the price and bid for infrastructure, such as port authorities and hellenic rail. >> these are part of the bilateral relationship. there's an overarching priority. greece want to remind the eu of strategic values, and demand it has friends. is this enough to break ra

ali velshi joins us from athens greece. hey. >> hey, greece made a $500 million loan payment today.y you'd thing when somebody meets their loan payment things are starting to work occupant. greece's problems may be about to get worse. i tell you when "real money" returns in a minute. >> good evening, i'm antonio mora coming up after "real money" severe weather sweeps across the midwest, with reports of tornadoes touching down and doing damage. a dash cam video fills in blanks about what happened in the moments before a white police officer killed an unarmed blackman in south carolina. in a shift in u.s. of cuban relations, president obama considers removing the country from a terrorism list. that and more at the top of the hour. per cent >>> the greek prime minister was in moscow this week talking about an economic alliance with russia, and the conversation is leading critics to ask again if vladimir putin is trying to undermine european unity. >> reporter: from the far right french national front, to greece's radical left syriza. the parties have a suitor in the kremlin. >> it's cl

later on, we are talking to the mayor of athens.ou can see that interview here on bloomberg television at noon london time. francine: the chances of greece missing its debt payment is as high as 40%. only 30% of economists expect them to leave the euro. that will be an interesting conversation. guy: what are we doing now? francine: more from our interview with the employer of navinder singh sarao. ryan chilcote has that interview. we have plenty more. keep it right here. ♪ guy: welcome back. you are watching "the pulse." let's get more now from our exclusive interview with ryan chilcote. he just concluded that interview with the chairman of futex. he's the former boss of the alleged flash crash trader navinder singh sarao. >> the man was always going to be the kind of person that i believed to be potentially legendary in some way in the future. the potential to be remembered he certainly has been one of the best, as an individual trader. ryan: now with what we've had, how do you reconcile that expectation? >> it can go one of two wa

al jazeera athens. >> there is much more on that our website aljazeera.com.ljazeera.com. >>> america's domestic war on terror is back in the spotlight. debate about its successes and

ali velshi joins us from athens hey. >> hey, greece made a $500 million loan payment today.mally you'd thing when somebody meets their loan payment things are starting to work occupant. greece's problems may be about to get worse. i tell you when "real money" returns in a minute. >> part of al jazeera america's >> special month long evironmental focus fragile planet >> al jazeera america brings you a first hand look at the environmental issues, and new understanding of our changing world. >> it's the very beginning >> this was a storm of the decade >>...hurricane... >> we can save species... >> our special month long focus, fragile planet >>> the greek prime minister was in moscow this week talking about an economic alliance with russia, and the conversation is leading critics to ask again if vladimir putin is trying to undermine european unity. >> reporter: from the far right french national front, to greece's radical left, syriza. kremlin. >> it's clear that there's a set of the links between the russian government and fringe parties across europe. >> reporter: like a shar

fueling speculation a cash-strapped athens wants a russian bailout.alternative line of credit from the kremlin. for many in the west, these greek overtures to russia are disturbing. tourettening to undermine -- threatening to undermine the united front over sanctions in iran and a host of other issues. for the kremlin, bailing out athens may be attempting, potentially giving russia leverage over a european union and nato state. don't expect any major geopolitical shift during this visit. analysts warn there's not the will nor the means. >> that is not what it used to be in terms of its -- of the money in the hands of the government. the russians have to be more judicious and extending financial assistance to other countries. and on the other hand, i don't think greece is ready to leave europe, to fill a slot with russia. ♪ >> reporter: some deals are expected. this talk of reducing russian gas prices for greece and easing foot sanctions to allow some greek imports. for the moment, it seems greece won't necessarily be dancing to russia's tune. chath us

let's take you to greece now protesters are clashing with the police in athens this evening. the demonstrators threw molotov cocktails at the police in the clash. the demonstrators want the government to scrap plans to build more high security prisons and free members of the gorilla group. the parliament is debating on the particular issues, and this weekend, finance ministers and bankers from around the world gathered in washington finish the imf spring meeting. on the agenda, debt in the u.s. economy. and we sat down with the ims director christine le guard with some of those topics, and we spoke a week ago. you were in act athens, and greece did manage to make that $500 million payment back to the imf. and there was another payment due in less than a month. >> may 12th was the next installment. that was $550 million. and greece scraped it together. in fact, days before last thursday the finance minister came here to meet with christine le guard for the payment. and they said absolutely not and greece had to make the payment. they said it would be with great difficulty. and

barnaby phillips is live for us in athens. they got their first payment out of the way but there is much more hardship for greece to come isn't there? >> yes. it does appear that the greek government is living an increasingly hand to mouth existence, scraping money together when it needs it to repay to the i.m.f., to repay interest to the central bank and to pay pensions and salaries here at home. the outlook is not clear. there is still serious agreement between greece and the european union and grease's various creditors. until those are resolved, greece will not get its hands on $7 billion worth of money it is excited to under the existing old bailout agreement. >> has the climate really changed at this point between greece and its creditors because we were led to believe at least alexis tsipras promised the greek people things would be different this time around, but it does seem as if there is much more difficult times ahead for people there. >> there's now a lot of distrust between greece and its creditors. a lot of mutu

will athens be forced to leave the euro? we will speak to greece's finance minister yanis varoufakis in athens. then puerto rico marks the 50th anniversary of the death of independence leader. >> it is not easy to give a speech when we have our mother dead and an assassin in life. such is the situation of our country, our mother of order rico. the assassin is the power of the united states of north america. amy: we will speak to author of the new book "war against all puerto ricans" and put in independence party member hugo rodriguez and puerto rico. all of that and more coming up. this is democracy now! democracynow.org, the war and peace report. i'm amy goodman. the united nations has estimated up to 815 migrants perished when their boat capsized on route to europe sunday. confirming its place as the worst migrant disaster in the mediterranean sea. survivors have put the death toll between 400 900 -- 400 to 900 50 people, with reports hundreds were locked in a hold by smugglers. italian authorities have arrested the captai

it is that area of athens where most riots begin. small group of people attacking a finance minister not much to read there. francine: all right. thank you. guy: we'll take a break. we'll be back for the next hour in just a moment. ♪ francine: hashtag failed. twitter funds plunge after release. guy: we're going to take a look at the impact on the oil markets. francine: volings wagen accelerates. -- voblings wagen accelerates. we're going to take a look at the impact of audi and porsche. guy: good morning to our viewers in europe. a warm welcome to those just waking up in the united states. i'm guy johnson. francine: i'm francine lacqua. this is "the pulse" live from london. we're getting news on economic confidence in the euro area. it has fallen a little. it is coming in at 103.7. not that far behind. it just gives you a nice glimpse of the mood in europe. there are green shoots. very fragile recovery. guy: oil in a major reshuffle the king of saudi arabia has named his nephew as crowned prince. the oiling minister is now longer the

fers are nearly empty, but athens as they will meet the obligation. eurozone leaders are withholding further aid. the greek government must get through a debt auctions week. has raised oil prices for asia, saying global demand for crude is improving. saudi aramco cut prices this year to do -- compete with prices from latin america. they are currently introducing a record 10 million barrels of oil a day. vietnam's prime minister may be forced to water down the new laws designed to shore up their pension system. more than 90,000 workers stop production last week as workers protested against new rules aimed at boosting the retirement program. it prevents laborers from being eligible for a lump sum social insurance payments when they leave the company. hasolia's new leader launched a media blitz to convince people that negotiations over mining projects are on the way forward. they have been stalled for years now. yvonne man has been looking at this. will the blitz work? yvonne: we will have to see. it is something that predecessors have not done before. ,

we will be joined by the mayor of athens.nd you can see the interview right here at 12:00 london time. mark: we are getting more details about deutsche bank. they say that the one trader responsible for the scandal, it resulted in a $2.5 billion hit for the lender. anna: he is called trader three. or christian, by people familiar. he was most profitable derivatives trader in 2008. taking in over 19 million pounds. manus: he worked at deutsche bank between 2001-2007. he sent april in a very notice of fines last year. he was trying to rig benchmark interest rates. that is according to another person familiar with the matter. he has not been charged with any offense. mark: top stories this hour. comcast is dropping their deal with time warner, according to people familiar with the matter. the proposed merger which took over a year for federal approval, faced opposition from the u.s. justice department. they announced the news earlier today. due to credit they agree to merge their asset management groups. valued at about 5.4 bill

we have hans nichols in berlin and mark spencer in athens. hans, how much room to the greek banks have? hans: they are up to 71.8 billion. it was only increased 700 million. you talk about an all of branch, it is very short when you look at some of the pressure these greek banks are under. you totaled it up from back in october. 28 billion in outflows. others are taking a look. here is what we know one point one billion in new spending this year. about half of that is for a hurting month pension. pension reform has been one of the things going the opposite direction. we have this there and there is more on tax revenue, my colleagues have done a great job of reporting this. 875 million in new taxes or ways to tax offshore accounts. a new lottery scheme. dream lighting of the vat. maybe more out of the vat tax. -- streamlining of the vat. maybe more out of the vat tax. greece is saying there were a lot of good vibes and good mood. not a lot of concrete things off the european side. the next time everyone is scheduled to meet, april 24. we will

olivia sterns will lead us off with the mayor of athens greece. really looking forward to that.to ask about rem. that's a joke. call it the evercore isi wall of worry. the dollar is too strong, capex is too weak, christine lagarde's new mediocre. janet yellen has to get to september or december and miracles will happen. ed hyman is the founder of isi and chart paragraph. this is what janet yellen reads every morning. this is from my childhood. this is classic -- do you still do this with scissors? ed: no, electronic. tom: iconic isi. he cuts out the headlines from the newspapers. how has your business changed in the last 20 years? what is different? given the speed. ed: it is just that. this used to be mailed out, then fax. the difference between male and fax is they are both expensive. then you have e-mail, the internet and electronic, it explodes. brendan: olivia, faxing is a way of sending a document. olivia: glad we are having nostalgia. tom: a fed discussion, are we getting too much information from janet yellen? is there too much information? ed: i don't think so. the mark

orders in athens against to transfer money reserves to the central bank.ent made the executive order hoping to raise $1.6 million to pay pensions due this week. the mayors called this an illegal cash grab. euro zone finance has said that greece will not get additional aid until bailout needs are met. the man who has led kazakhstan for more than 20 years is heading for a sweeping election victory. he says he coldly pulled to allow a vote for continuity. falling oil prices -- called the poll to allow a vote for continuity. 97%poll gives him more than of the vote. his closest rival is at less than 2%. let's have a look at the key economic data points coming out in singapore. thank you very much for joining us. let's start out with the bank of japan, it has tried desperately to get to the 2% target in inflation by next march. you are suggesting they could give us a surprise this week? >> i think so. i think the case for further using is very strong. easing is very strong. inflation not rising towards the 2% target but the boj wants -- that the boj wants. they

can athens keep its word again? >>> tonight we are putting u.s. relations with venezuela in context. president obama will likely have a challenging encounter with venezuela's president tomorrow. nicolas maduro is expected to hand president obama a petition at the summit of americas in panama. 10 million signatures condemning the white house labelling venezuelan a threat to security. it was a justification for u.s. sanctions. against seven accused of human rights abuses. >> president obama responded by promoting two of those officials. is washington doing anything to smooth things over before the two leaders come face to face? >> the situation is the contrary. the obama administration essentially called on leaders throughout the region in this summit to not sit bias human right abuses or alleged human rights abuses takes place in the country. we travelled in march, and you can see the claims in the reports that we show you of clashes between opposition groups and pro-nicolas maduro forces. in the wakes of those clashes opposition mayors and leaders

the russian church in athens is a reminder that greek missionary converted. this type of week a different mission is bound for moscow. greece needs money, and friends to face increasingly hostile creditors in europe. russia wants to prevent e.u. sanctions being renewed in june sanctions that prompted it to ban products. >> russia will attempt to ban it by offering the deals in the energy sector and perhaps a unilateral suspension of the counterembargo or sanctions on the greeks. whether they can make a tempting offer, the greece the amount that they'll need in the future - i think this is a result. >>> a loan to greece is not the only option. russia could lift a ban for more than a billion of greek products. because greece spends 10 times that amount buying russian gas, it could lower the price. it could deal with infrastructure that greece is privatizing. these are parts of the bilateral relationship. there's an overarching priority greece wants to remind europe of its strategic value. is it enough to break ranks with europe. >> before he became foreign mini

we'll report from athens, where the political careers of some parliament members could be facing a dark end. >> we'll look at why four months on from devastating floods, many in malaysia don't have a place to call home. >> the houston rockets take on the dallas mavericks. the latest coming up in sport. >> afghanistan's president says an islamic state of iraq and the levant linked group has claimed responsibility for an attack in east afghanistan saturday that killed 35 and wounded more than 100. if an isil related group is involved it will be the first time the armed group has carried out such an attack in afghanistan. jam these are some victims of saturday's bombing recovering in a jalalabad hospital. they heard daish are to blame. people are angry that the government can't provide security. >> it is daish or taliban whoever takes responsibility, we condemn such attacks. the perpetrators should be punished. >> political in-fighting delayed planned government reforms. in some areas the taliban has filled the vacuum. this week, the taliban tried and shot three men it says were found guil

the government pledged $1.5 billion, running from athens to the western cities. it was part of a package, designed to boost the economy. for the new government it hasn't paid contractors for three months. the money was diverted to repay creditors. including funds from europe. >> if we lose it. there's danger. danger that these would not be finished by 2015. and in that case the european has the right not only not to fund the remaining part but also offenses to bring the project back which would be a disaster. >> some contractors are unable to pay salaries. >> greek construction shed a cart are of a million jobs. european subsidies are the only source of revenue. during that time the industry shrunk by half. today it accounts for less than 2% of the greek economy. the government cash crunch threatens a larger chunk of the economy. >> pensions make up 15% of all money. unemployment is so high that pension funds can only cover half their needs. the government as attempted to reverse the flow of money, asking the funds to lend it cash reserves. most have so far refus

let's cross over to the greek capitol athens and the ship wreck on the island. what more can you tell us? we saw impressive images of people being rescued off the ship. >> that's right. the coast guard tells us 100 people were pulled out of the water. three of confirmed dead. a local reporter said she saw a fourth body, that of a child being fished out of the water and the emergency services she said failed to revive that child at the scene. there could therefore be a rejection of the number of fatalities in the accident. those people seem to have been lucky in their bad luck. they say that their engine cut out when they were about 100 yards from shore in a small wooden sailing boat. that encouraged them to try to swim for shore. that is the moment when the coast guard realized what was going on and the search and rescue operation was launched. the reason there weren't more fatalities is because most people didn't know how to swim, according to what they said, was that the emergency services responded extremely quickly and delivered first aid at the scene of the

there were fears athens would default on the loan repayment but greece says it will be able to meet its obligations. greece is fast running out of cash and it's promised reforms in return for bailout funds. >>> six ukranian soldiers have been killed in separatist attacks in the east of the country. four were killed when their vehicle was hit by shelling. in a separate incident a land mine exploded under a military vehicle killing two soldiers and injuring a third. >>> the large hydron collided has started after a $150 million upgrade which has lasted two years. scientists hope they'll now be able to reveal what makes up the universe. >>reporter: back in action and more powerful than ever over the last two years, they've been busy upgrading the world's biggest particle accelerator deep under the swiss border. in 2012, an unexpected break through was announced. scientists finally discovered the higgs-boson, an elementary particle that gives master other particles earning the nickname the god particle. >> there would be no atoms no nukeclei nuclei. >>reporter: it contains a ring of superco