cristina fernandez de kirchner does do that. thank you so much.r governor of the bank of argentina. we been speaking but aviation. let's get out to an edwards at the air show. >> thank you very much. we talked a lot about the defense. not here so far. let's get a perspective. harris joins me now. let's talk a little bit -- welcome to the program. a little bit about the u.s. defense budget and the fact there is pressure on it. what does that do to a business like yours? >> none of us have been immune to changes. we understand the challenges there with respect to the united states government. our job has been to basically ensure we are positioned effectively, have the right competencies and the ability to make the investments in technologies. making sure we bring the solutions to meet our customers needs. >> let's talk about your customers. there's been more pressure to find international sales? >> we have been in the international marketplace since our beginning. we are a leader. to have 27% ofed our sales and international market. we intend to con

give you a bit more information about putin's counterparts and about argentina itself cristina fernandez de kirchner is the first elected female president in argentina the keyword there was elected because isabella martin is the pro and was president for two years in the one nine hundred seventy s. on this latin american to all the timid putin also stopped off in cuba that's where he had a symbolic meeting with former leader fidel castro an influential figure who helped castro to power shake of all rock born in argentina with relations between the usa and russia out there was since the end of the cold war it seems that the two nations i don't sing to a different shoot at the moment argentina is the host of time go and argentina are of course in sunday's world cup final here in rio against germany in the sport as a religion for fans in latin america but argentina's national sport isn't football it's a sport known as part of a mixed across people and so i will arrive in rio within the next twenty four hours or so ahead of the world cup final it seems that his trip across latin america is going to be d

way no sorry's his latest stop off putin cemented future ties with his argentine counterpart cristina kirchner may have agreed that moscow will expand its foothold in argentina's energy sector. would you then he do in just over twenty percent of argentina's hydroelectric power is produced by russian equipment we really hope to take an active part in the modernization program and the construction of new power plants one of our companies is planning to take a role in a hydro power station project worth two billion dollars. before argentina putin was in havana to meet cuba's current leader raul castro and his older brother fidel the russian president confirmed moscow decision to write off ninety percent of the country's debt to moscow that in return secured rights for russian company to drill for oil off the cuban coast while speaking with raul castro noted fidel's unwavering political energy. west focused on still you just had a lengthy meeting with comments that bill. yes it was an excellent and very interesting conversation we discussed international if it is economic manses the markets as wel

scenario in this whole calamity well the worst case scenario and the most likely outcome president cristina kirchner his government will in fact a fault in fact kirshner's government has spent months running public campaigns vilifying the holdouts and calling judge greer and the u.s. judicial system corrupt which takes a lot of nerve especially coming from a country that has no problem trampling on property rights now i'm not saying that the u.s. courts have any real right to force argentina to pay its holdouts but argentina's argument for failing to negotiate is flimsy at best and i mean very best argentina says that the amount owed is too arduous and that it would have to slash its foreign exchange reserves however the country recently settled some sixteen billion dollars in claims with repsol and the paris club of creditors with little impact on reserves by issuing new bonds or stretching out payments so here's the question what's the best case scenario sadly i don't think that there is a best case scenario here but we'll have to wait and see what happens tomorrow.

scenario in this whole calamity well the worst case scenario and the most likely outcome president cristina kirchner his government will in fact a fault in fact kirshner's government has spent months running public campaigns vilifying the holdouts and calling judge greer and the us judicial system corrupt which takes a lot of nerve especially coming from a country that has no problem trampling on property rights now i'm not saying that the us ports have any real right to force argentina to pay its holdouts but argentina's argument for failing to negotiate is flimsy at best and i mean very best argentina says that the amount owed is too arduous and that it would have to slash its foreign exchange reserves however the country recently settled some sixteen billion dollars in claims with repsol and the paris club of creditors with little impact on reserves by issuing new bonds or stretching out payments so here's the question what's the best case scenario sadly i don't think that there is a best case scenario here but we'll have to wait and see what happens tomorrow. puerto rico has been facing some ser

cristina fernandez de kirchner is the first elected female president in argentina the keyword there was elected because isabella martin is the pro and was president for two years in the one nine hundred seventy s. on this latin american told about a mere putin also stopped off in cuba that's where he had a symbolic meeting with former leader fidel castro an influential figure who helped castro to power shake of all rock born in argentina with relations between the usa and russia out there was since the end of the cold war it seems that the two nations i don't sing to a different tune at the moment argentina is the highlight of time and argentina are of course in sunday's world cup final. against germany in the sport is a religion for fans in latin america but argentina's national sport isn't football it's a sport known as part of a mix of cross people and party like so i arrive in rio within the next twenty four hours or so ahead of the world cup final it seems that his trip across latin america is going to be dull dominated by gangs sporting ones and political ones. indeed one of the m

with cristina kirchner, if she does not resolve this by the end of the term, she will leave and her husbandcome in to clean up. >> her husband is a marxist economy -- economist down there. is there a threat to the government? >> it's not the same as 2001. messconomy was a complete in 2001. there was a tremendous recession .or many years of aefault was a result financial crisis, currency crisis, and other things. this one was not related really to the economy. to katya.uestions she is an expert. >> my sentence is that latin american markets can handle this. argentina is a special case. do you agree? >> all information tends to agree with that. when argentina devalued, if you're a member, it happened on a day when a couple of other countries do the same. as a result, there was a complete drop in the market and a global widespread drop that they and everyone kind of argentina.t to it was odd, because argentina was such a specific evaluation. you don't know if someone will end up attributing something to this. >> which is why s&p said "selective default" as opposed to "total default." my questi

president cristina fernandez de kirchner uses. -- refuses. germany holds 37% of the bonds.japan, the netherlands, italy and spain also hold argentinian debt. the financial world is waiting to see who wins. >> moving onto some other news now, this summer europe has been commemorating a series of anniversaries related to this article world war i and turning points in world war ii, the dual catastrophes that of his dated europe. >> today the presidents of poland and germany opened a new exhibit here in berlin marking the anniversary of the warsaw uprising. >> veterans of the warsaw uprising traveled to berlin to mark the occasion. under the nazi regime, this area was home to german police and ss leadership. now it commemorates those who fought against the nazi occupation. it was an important chapter in polish and world history. >> the presence of the resistance fighters here in this place makes us realize that in the end totalitarian systems are helpless in the face of people's desire for freedom and reconciliation. >> the german president said it was extraordinary that the tw

stopped off in argentina where he's expected to have a meeting with the country's president cristina fernandez de kirchner the two are expected to discuss trade and energy and the strengthening of ties both political and economic ties give you a bit more information about vladimir putin's counterpart and about argentina. is the first elected female president of argentina the keyword there being elected as isabella martin has to put on was president for two years in the one nine hundred seventy s. putin arrives in argentina fresh from a brief stop in cuba where he met with raul castro and former leader fidel castro an influential figure who helped castro to power the shape of our born in argentina with relations between the usa and russia at their worst since the end of the cold war it seems that the two countries are dancing to a different tune at the moment argentina is the home of tango and following his trip to argentina putin then heads to rio to attend the world cup final is the official handover to russia he wants the next tournament in two thousand and eighty and the sport is a religion for fans he