it goes against the grain of the credit union. >> normal unions lend a few thousand. this is what caused the banking systemo fall over. >> it's similar to what went wrong with the banks, and the credit union is striking. the banks had to be bailed out, so the taxpayer is having to find $70 million to support the failed credit union. the difference is this - while the institutional investors in the bank never lost money, institutional investors in the credit union were the people of this down. they don't have the safety net. >> the credit union system relies on people being able to save. in ireland, where they can't repay the bills, the fear is that newbridge went big because it couldn't make the credit union model work. >> you have 800,000 mortgages. unemployment of close to 13%. i mean, it's not possible that credit unions could be immune to that kind of thing. >> newbridge was one of 12 credit unions not to belong to an association. it insists the model is viable. >> the movement is solid. it has come through. much better than financial institutions. with the exception of newbridge, it's the only institu

a credit union has been taken over by a bank, leading to concerns about the stability of the system. or decades the credit union has been one of the ireland's proudest achievements, areliable way for the client to invest and pay a little. not this one. look how big it is in newbridge, population 22,000. sharon knows all about the newbridge credit union. it was founded by her dad and ballooned in the last few years. she was amazed to find the credit union dolling out loans most adults would bulk at. >> they were leant over 3 million. there's, i suppose we have heard that there was a lot of - over 500,000 loans given out as well. it didn't seem to be. that goes against the grain of the credit union. >> normally credit unions lend a few thousand. this was doing exactly what caused the banking system to fall over. it's a similarity about what went wrong with the banks in ireland and the credit union. bad loans, the lack of regulation and oversight. in the same way that the banks had to be bailed out by the tax payer the tax payer is having to find $70 million to support the failed credit

credit union were the people of this town. and they don't have that safety net. the credit union systemon people being able to save and want to borrow. in austerity island where many say they can't repay their bills and pay the loan. the fear is newbridge went big because they couldn't make the credit union moted el wor modele you have people in arrears and unemployment close to 13% it's not possible that credit unions could be immune to that kind of thing. newbridge was one of many that didn't belongs to the national association. they say it's still viable. >> the movement was coming through better than many other institutions with the exception of newbridge they are the only institution that are standing on their own two feet. >> ireland has two retail banks left and 400 credit unions for people to use for savings and loans if the credit union were to fail it sure would be an open door for illegal money lenders. >> prayer services have been held in co scott land to remembr the victims of the helicopter crash. another 12 people are in hospital with serious injuries. emergency services

regularity there's another matter under scruti scrutiny, not the banks but their credit unions. >> the credit union system has been one of ireland's achievements, a reliable way for people to invest a little. not this one. look how big it is. population 22,000. sharon knows about the newbridge credit union. it was founded by her dad and ballooned in the last few years, like other small investors she was amazed the credit yun con started to doll out loans. >> a local developer was leant over $3 million. i suppose we have heard there was a lot over $500,000 given out. that goes against the grain of the credit union. >> normal credit unions leaned a few thousand at a time. >> this is what went wrong with the banks. the banks had to be bailed out by the taxpayer, the taxpayer is having to find $70 million support the credit union. the difference is this. while the institutional investors in the banks never lost money, the investors in the credit union were the people of the town and they don't have the safety neck. >> in off the ert yit island where many can't pay their bills or a loan. the fear is that newbr

system. european union has lost its top credit rating from standard & poor's.edgs agency says its worst financial profile for the downgrade. s&p cut its long term rating to aa plus run the coveted aaa. for more on that story, let's had to a between. he is live from berlin. -- how muchs the eu do we actually care about this? >> i think we care about this because i think the timing of the downgrade coming from s&p is absolutely impeccable. what is happening at the moment, they eu leaders are meeting in brussels. this is an absolute message to eu leaders the way i am looking at it. two reasons for the downgrade -- one is the overall credit rating of the 28 eu member nations has declined. lost their aaa credit ratings. say iner reason is, they our view, the eu budget negotiations have become more that theys, singling consider there could be some rising risk to the support of the eu from some of its member states. if you remember, last year, this time last year, the eu summit was also about the budget contentions, the budget negotiations. they were fighting over min

credit card unions. target is confident that the pins are secure, and that they are not stored in their systems. >>> government has agreed to a cease-fire with rebels, but the rebels have not agreed to cease fighting. two weeks in south sudan has left 1,000 people dead, and we have reports from juba where government forces have regained a key town. >> a huge boostful, this is independently where people in the town telling us that it was fully under government forces where there was sporadic fighting going on in the outskirts. it's prone to some of the most productive in southern sudan. now the capitol was eight hours taken by government forces, and in the onslaught of machar. now the heads of state in nairobi has given the government here in south sudan up to four days to begin talks. they welcome the governments' welcome to talk unconditionally, but they're also former vice president machar to comes to the talks. they're talking about the people who are in detention, who are alive who machar say should be released so there would be includesivinclusive talks. >> reporting from south sudan. we're getting our fi

union says is not interested. >> pam: >> pam: some credit bulls on the newsstand says matt safety system.kerman report all major work has been completed to fix that problem. >> reporter: the saddle was needed back in march the 32 in serious of 96 boats has cracked. >> a combination of still sells in attendance that those boats were supposed to provide. >> reporter: 12 $5 million more than originally expected but bridge officials say this bridge is now ready for the big one. designed >> to withstand the ground motions of an earthquake. >> reporter: steel wedges were removed they were a temporary fix of lolling new span to open labor day week end. allowing the new span to open >> reporter: and report will be issued and those involved in the new eastern span will decide if any other changes will need to be made. in oakland than permanent kron 4 newsdan kerman kron 4 news >> reporter: the holder of the one in to get here in california has yet to come forth according to the lottery officials. owner of the ginnie skipped shop and will get a check for a million dollars for selling the winning ti

credit agency standard and poor's because the european union's long term raising due to a lack of solidarity among the twenty eight member states also. is. the idea that the people don't deserve our system of those people come out with. a wiki leaks associate and co-producer of a movie would chose just how hard it can be for whistleblowers to get the truth in print. plus syria's embattled kurds take their ambitions for autonomy to a new level demanding a seat at next month's international peace talks in switzerland. this is all she international coming to life from moscow and welcome to the program after a decade of incarceration. is free his lawyer says russia's most high profile prisoner has left jail presence and human person signed a pardon for the former oil tycoon following a personal plea for amnesty let's get the latest from this kind of live in. some new developments hugo please bring us up to date. well right now we're getting lots of contradictive information and it's really time to separate fact from speculation what we know for sure right now is that because a lot of these are left of the premises of the jail this is been confirmed both by the president's official and by hi

credit agency it stands and pulls the european union's long time raising a lot of solidarity among the twenty eight member states also. it is. the idea that the people don't deserve a system of which because people cannot deal with. a wiki leaks and co-producer of m a they would chose just how hot it can be for whistleblowers to get the truth and cram.

non credit agencies that follows the european union is a longtime racing due to lack of solid hours taken on the twenty eight member states all set. is it me the idea that people don't deserve. a system. people cannot. dusty streets to a weekly links to save face and her producer of the navy which has just how hard it can be fraught with so i went to get the truth and pray the serious and violent old has taken that ambitious full autonomy to agni level them on to get seats at next month's international peace talks in switzerland. the don seemed to not having the wind from the sky backdrop. after a decade of incarceration. we have switkowski is free. he's no one says russia's most high profile prisoner has left jail presents like an impatient assigned a pardon for the form of a little tiny kids when they can't pass up the fun est as candidate is the most easy for peace can all night they met because the bullets. i've said anita map and see what these various updates well right now we're getting lots of contradicted the information and it's really time to separate fact from speculation what we know for sure right now is that sunday festival season left the premises. all from the jail t