pimm: you're looking at a live shot at the brussels and european union finance minister's meetings. uly merkel as well as the head of the european union was also attending and listening to prime minister alexis tsipras. scarlet: they are about to hold their finance ministers meeting. on july merkel threw them at reporters before she headed into her meeting. on greece.hinges it is not a matter of weeks but a few days. not yet there for talks with greece. pimm: the belgian finance mr. reported to said the greek presentation was good but that they need to hear more details from the greek prime minister. the gray solution depends on mr. tsipras and i believe alexis tsipras will be addressing this tomorrow. scarlet: he will also meet with on july merkel and his other peers and european leaders and everyone is waiting for greece to take the swing. the ball is in their court, to do something and present something. we wait. pimm: and the banks wait. let's wait no longer and go to julie hyman right now for a look at what is happening in the markets. comment onve got to the picture you just sh

european union finance chiefs are set to discuss the crisis tomorrow as greece's cash goes away and theanks remain closed. if greece is not able to pay down its debt it may be forced to leave the eurozone the nasdaq gained 28 the s&p 500 picked up five closing today at 2063. >>> new jersey governor chris christie now is running for president. he announced his candidacy from his old alma mater today. he said it is time to stop fighting and work together. however, christie has been criticized by fellow lawmakers for not working with others, and that includes the bridgegate scandal over the lane closures and traffic delays in new jersey. >> this is a candidate who peaked in 2013. unfortunately, there was not a presidential election for him that year. >> an abc news poll last month found that only 22% of americans had a favorable view of christie. 48% see him unfavorably. christie is now one of 14 candidates trying for the republican nomination. >>> and coming up here next the science of baseball. >>> an inspirational day at the ballpark my name is ronda derosa and i'm a gas superintendent

european union finance chiefs are set to discuss the crisis tomorrow as greece's cash goes away and theanks remain closed. if greece is not able to pay down its debt it may be forced to leave the eurozone the nasdaq gained 28 the s&p 500 picked up five closing today at 2063. >>> new jersey governor chris christie now is running for president. he announced his candidacy from his old alma mater today. he said it is time to stop fighting and work together. however, christie has been criticized by fellow lawmakers for not working with others, and that includes the bridgegate scandal over the lane closures and traffic delays in new jersey. >> this is a candidate who peaked in 2013. unfortunately, there was not a presidential election for him that year. >> an abc news poll last month found that only 22% of americans had a favorable view of christie. 48% see him unfavorably. christie is now one of 14 candidates trying for the republican nomination. >>> and coming up here next the science of baseball. >>> an inspirational day at the ba since. >>> sports and science gathered today at the open co

but european union finance ministers are skeptical tonight they are worried that the government will not be able to make good on its promises to get another financial bailout. simon mcgregor wood has the story from athens. >> after nine hours the finance ministers said they had had enough. they would have another go on sunday morning. there wasn't a particular cause for optimism. >> we've had an in depth discussion of the greek proposals. the issues of credibility and trust was discussed and also of course financial issues involved. but we haven't concluded our discussion he so we will continue at 11:00. it is still very difficult but work is still in progress. >> reporter: it was clear the greek proposals had not convinced everyone. some finance ministers want more up front reforms. the germans even suggested some sort of temporary grexit. the finns won't support bailout. in athens there hasn't been rallies or demonstrations just optimism. in the shipyards they've been looking forward to optimism. thousands have been laid off. they have everything here but no ships to work on. >> th

. >> reporter: european union finance ministers met late today to examine yet another bailout proposal greek government. they too said they would have to wait to consider it until after sunday's referendum. the e.u. at least singing from the same hymn book. bret. >> greg palkon early thursday morning in athens. thanks. >>> stocks in positive territory in the u.s. today. the dow gain 38 s&p 500 finished ahead 14. the nasdaq was up 26. >>> a federal judge is ordering the irs to turn over previously unreleased e-mails about its conservative targeting scandal and former bureaucrat lois lerner to monitoring group judicial watch. the judge says the is must produce the e-mails on a weekly basis starting as soon as next week until all are released. it will then be up to judicial watch to post them for public view. >>> up next years of fiscal folly have chicago schools facing a failing grade. first here's news from fox affiliates around the country. fox 2 in san francisco as the fbi probes a series of physical attacks against fiberoptic cables on the west coast. the latest in the string of abou

. >> reporter: european union finance ministers met late today to examine yet another bailout proposal coming from the greek government. they too said they would have to wait to consider it until after sunday's referendum. the e.u. at least singing from the same hymn book. bret. >> greg palkon early thursday morning in athens. thanks. >>> stocks in positive territory in the u.s. today. the dow gain 38 s&p 500 finished ahead 14. the nasdaq was up 26. >>> a federal judge is ordering the irs to turn over previously unreleased e-mails about its conservative targeting scandal and former bureaucrat lois lerner to monitoring group judicial watch. the judge says the is must produce the e-mails on a weekly basis starting as soon as next week until all are released. it will then be up to judicial watch to post them for public view. >>> up next years of fiscal folly have chicago schools facing a failing grade. first here's news from fox affiliates around the country. fox 2 in san francisco as the fbi probes a series of physical attacks against fiberoptic cables on the west coast. the latest in th

european union. they may have financed the metro. they gave money to farmers, to produce the goods and so on. people underestimate that. it's not a sensational headline. it doesn't appear in the news. there's a lot of money flowing from the european union. greeks benefitted over the european euro. >> when i read a man on the street interviews, with shoppers waiting in lines at the atms. you don't here about the athens metro or the funds blowing from brussels. >> you don't here it. why? >> people that control the media and the government doesn't tell them. the bad europe eaches they want to take credit themselves for doing that. they don't tell them the truth that there's a lot of money that flows. it's a human. people have to understand why banks closed. the banks closed because the government negotiated in bad fafth for five months. when the programme ended. the banks closed because people were taking their own money out because they were afraid in what happened right now. it's not baffed europeans, but the greek government and the depositors that took their money out, and there was no money

european union. minister, hise finance minister, they all say a no vote puts us in a stronger negotiating position come what do you say? >> it is very simple. it would be probably 20%. a no vote would be a very easy lost. they weigh their frame -- then it becomes more complicated. and howout marketing you label things and how you market things. in a democracy, most people have a list of priorities that starts with freedom. family probably comes second, certainly with greece, but finances are a clear number three. that is a you feed yourself and a roof over your head. finances are in question right now because the banks are shot. if greece cannot sit back at the table with its creditors come monday, what happens to the banking system? >> it will collapse. no doubt. in july, these will be disasters. we cannot default. it should not happen. confident -- confident in the will of the greek people to stay in the eurozone here this will be a yes vote, i believe. is awe need to have than broad and collision or a government that will go fast. time matters to the creditors, and start discussing the program. gove

european union. the former finance minister in greatat a part detail, speaking on the floor of parliament about it. syriza the members of signing a statement against this particular plan. i'm just looking at these headlines crossing now. is current finance minister saying that greece and europe need alliances during austerity, europe will be tested in the coming years. walk us through the timeline. they started the debate early this morning. they are not expected to vote until late. when can we start expecting to see headlines roll across the terminal about the actual vote, about action on this debate? david: i interviewed some of you from the centrist party this morning. he said he was looking forward to a very long day, debate that could last until 6:00 the morning. we've been told that that could have been much sooner. with all that's happening here with the debate inside the parliament so robust, so intense , it's hard to say when it's going to happen. you within theto 1:00 hour and you were talking to us about the conversations that you've had with the local business owners. some of the people

kangage isn't going to be done >>> it's a eurozone problem, but they brought in the entire european union. the financesbourne arrived and made it clear, don't expect british taxpayers to foot the bill. >> across urineeurope, that the greek deal is signed and sealed. let me be very clear, britain is not in the euro. so the idea that british taxpayers are going to be on the line for this greek deal is a complete nonstarter. the eurozone needs to foot its own bill. >> we're waiting to see what gets decided. there's a fund called the esfs fund which is european-wide that was on the table under discussion. that's why he's bringing that up. they've got to figure out how to get the ecb paid on monday. >> michelle, stay with us there's some interesting pieces the "washington post" story this morning for example, about tech start-ups that are basically collapsing from within because it's impossible to serve their clients. in the words of one tech founder, it's like our limbs are coming off. and then there's all the political discussion about tsipras and what kind of coalition he can cobble together, most likel

european union. now the eurogroup finance ministers are getting together and saying weight approve it.struggle weight will talk about. tom: we need to catch up on the top headlines on greece. vonnie: early this morning in athens, the greek

european creditors. many finance ministers remain skeptical. and the european uniones tomorrow for what is described as a final opportunity to resolve the crisis. >> and pope francis receiving a warm welcome in masses in paraguay. the sanctuary is in the basilica. >> and there are new reports that the gun and illegal imdprant used to kill a san francisco woman, was stolen from a federal government. juan sanchez is accused of killing kate stienle as she walked with her father. the suspect had a long criminal history and deported five times. sanchez shot her only weeks after the san francisco police released him instead of turning him over to federal officials to be deported. will carr is live in los angeles. who is held accountable for sanchez to be held out in the street. >> reporter: the city leaders in san francisco are answering tough questions and the sheriff in san francisco is coming under fire because it is his department that let sanchez out on the streets to be a free man. he pulled the trigger and killing kate stienle. he was behind bars but immigration and

european creditors. secondly, there is a sense from the irish prime minister that greece is going to get some bridge financing from the european union. says he hasraghi read the emergency liquidity assistance to greek banks and the eurozone need to tighten further and yet, the euro declines. ?hat is going on >> the euro is falling hand in hand with a fall in short-term interest rates and bond yields. i think we are in for an even longer period then we may have been before of accommodative monetary policy amid the uncertainty around greece. there is no point thinking about raising interest rate for a really long time. no one was expecting that quickly. wille same time, there have to be this protracted debate about what to do with restructuring greece's debt, and in turn, what means about the concept of restructuring debt or other countries. while that is going on, you cannot have that today without the european central bank continuing its bond buying program. they will be keeping monetary policy very accommodative, and the result is, european investors, now that they are not terrified of an immediate exit of greece, are incentivized

greece would need over the next three years is at least another $36 billion from the european union in order for financing to fill what they think is a 50 billion euro gap in the country's financing needs over three years. so greece still needs more money even once we get through whatever it is that we're going to get through with the referendum on sunday. meantime, the big headliner of the moment is a big vote here in the country on sunday, a referendum where preparations are under way. and there's twitter campaigns, there's social media campaigns on facebook, et cetera. for the different sides that want people to vote. either yes or no. the way you say no in greek is oxi and the way you say yes is nai. and we'll see whether or not the country votes yes or no when it comes to whether or not they want to accept a bailout agreement. which many folks believe is a vote on whether or not they want to stay in the euro. back to you. >> michelle caruso-cabrera. thanks for the headlines. >>> let's go back to facebook news. the company announcing it will start sharing ad revenue with video creators in a move desig

merkel's finance minister known to be more hardlined than his boss for the first time on thursday said the greek economy needed debt relief but such relief was against european union rules. the mystery should be revealed tomorrow. that's when finance ministers meet in brussels to decide whether to accept greece's proposal then on sunday e.u. leaders meet formally to decide on the bailout. if turned down it could be the ultimate exit of greece from the currency union. for merkel it's between siding with her foreign allies or her public. for "nightly business report," i'm steve leishman in frankfurt. >>> to the u.s. economy now where another report enforced the rebound after a weak first. whole sale inventories rose to their fastest pace in six months in may, increased .8%, better than forecast. >>> janet yellen gave no indication the drama in greece or china will delay the central bank's plan to hike interest rates in the u.s. later this year. in a speech in cleveland today, she said the fed was on track for its first rate raise in nearly a decade. haen pearson untangles the fed speak for us tonight. >> reporter: in a speech in cleveland, fed chair janet yellen wou

european union. now the eurogroup finance ministers are getting together and saying weight approve it. it's a power struggle weight will talk about. tom: we need to catch up on the top headlines on greece. vonnie: early this morning in athens, the greek parliament gave alexis tsipras the victory he needed. lawmakers approved a package of pension talks and tax hikes. those had to be passed before greece could get a bailout that might deliver $94 billion in aid. tsipras argued for the plan from the parliament floor. mr. tsipras: during these past five months, we have fought hard. in view of this struggle, which had omissions. i take responsibility for this. i am not walking away. vonnie: the eurozone responded. officials had agreed in principle to give greece a 7.6 billion u.s. dollar bridge loan until the bailout. president george h w bush has been hospitalized in maine for a broken bone in his neck. mr. bush sell at his home. he is 91. a spokesman says he is fine and will be in a neck brace. joe biden seeking support for the nuclear deal with iran. after meeting with democrats, he said

european union. that is all i can see right now. >> the finance minister placed the brain -- blame squarely with athens. >> they have destroyed the last vestige of trust. they will have to think about how to win back our trust. politicians in berlin have no illusions. a last-minute deal would be nothing short of a political miracle. >> 79 people are dead after a military plane crashed into a residential area. they had a number of buildings on the island. the death toll is likely to rise. >> there would be no survivors. it exploded into a fireball. >> i lost five members of my family. >> the indonesian military says the plane went down two minutes after takeoff. >> they asked to return to base. the request means something bad must've happened. >> the crash brings painful memories. 10 years ago another plane crashed into a residential area. sarah: a man has set himself on fire killing both himself and one other passenger. this incident took place on a high-speed bullet train that just left tokyo. . >> rescue teams rushed passengers to the hospital. passengers on the train had to be evacuated after a man

european union. we are going to have to see how the european finance leaders react to this over the next several hours that will really dictate how the markets react as well. because if the european leaders come out and say you know what as angela merkel indicated, we want this referendum to go through. we want the greek people to decide. that could create some question marks that actually result in the rally reversing itself. so we're going to have to pay attention because investors are trading on these headlines right now and it's really just very unstable. >> and i know you'll be keeping a close eye on that forest. thank you so much for that. >>> and turning now to our other big story this morning, the fbi and bureau of alcohol, tobacco and firearms trying to determine the cause of this church fire in greeleyville, south carolina. it happened at an ame church. joining me now by the phone to discuss this south carolina said representative cesar mcnight. you were on the scene of this fire. you spoke with and prayed with members of the congregation. what were they saying? >> caller: their spirits were

the euro zone has approved 7 billion euros in bridging finance which all 28 european union countries are expected to contribute to. in another positive development, the european central bank is pumping an extra 900 million euros into the country's bank which is have been closed for more than two weeks. but now the focus shifts to germany, where politician will decide whether to approve the $86 billion bail out deal, something many are unhappy about. he prides himself on being able to help clients on germany and elsewhere but comp rate tax rates are among the high nest the e.u., which means keeping thens thes in order. the hard earned tax money being used for another greek bail out, is maddening. >> we all have a phase during which the bank of greece and the e.c.b., which are working very activity, monitoring the situation, will look at exactly the needs of the greek economy. how can they satisfy and at the same time we don't mistake a bank run. >> an opinion poll after the terms of the latest bail out greece emerged suggesting that barely half of german's approved of more money for g

european union. so it essentially faked its finance. a new government was elected in greece, took a look at the books and admitted, you know what we're in trouble here. europe which gets to tell greece what to do as part of the e.u. says you got to cut your benefits, raise your taxes, just generally make things awful in order to get your books right. and greece did. for five years. but then they had enough voted this new government into office and that's where we get characters like sip ris and others pushing back and saying no more cuts. meanwhile, we're getting close to the end of that record breaking solo flight of that solar airplane. solar impulse 2. it's now hours away from hawaii. one pilot has been flying three days, 20 hours around the world flight. starting from japan, this latest leg going to hawaii, the pacific ocean, the hardest part. nowhere to land. vicky, he's a few hours out but he's circling because of bad weather. >> oh, man. we hope he finds some ground soon. >> scott, thank you. >>> racetracks are distancing themsel

. >>> nw to europe, the debt crisis in greece, a summit of all european union members today has been canceled by finance ministers are meeting. the leader of the euro group called the negotiations very difficult at this stage, without a deal greece could leave the euro currency zone. >>> back here at home, the naacp is lifting its 15-year boycott of south carolina now that the confederate flag has been taken down from the grounds of the state capitol in columbia. this means the nation's oldest civil rights organization can now hold conventions in that state. >>> and, a die-hard red sox fan is back home this morning after being struck in the forehead, right there in the forehead, by a hard-hit foul ball at fenway park in boston. it left a nasty bruise. she is okay. this is the second such incident this season. last month, a fan was critically injured after being struck in the face with a broken bat. that woman is also recovering. >>> and finally, when it comes to catching a home run ball, fans will do just about anything, check this out. san francisco giants fan, friday night, chasing a home run -- you s

european union. instead it's going to be the finance leaders who are just going to do whatever they can. this means for the people of greece tomorrow, tuesday, into next week, i am not at all confident that the taps will be turned on and the money will be flowing. >> richard, we appreciate it so much. thank you. >>> there's in mysterious blast that investigators are wondering about in rhode island on a beach there. this was so big, so powerful it knocked a woman out of her chair. just blew her right off the beach. and now investigators are combing through the sand to try to find out who or what caused it. >>> and pope francis waving good-bye to south america soon, but not without a special meal there. thousands of people waiting in the rain for the pope, that's ahead. f provokes lust. it elicits pride... incites envy... and unleashes wrath. temptation comes in many heart-pounding forms. but only one letter. "f" the performance marque from lexus. when you're living with diabetes, steady is exciting. only glucerna has carbsteady, clinically proven to help minimize blood sugar spikes. so yo

unofficially that this week has seen the longest summit in european union history that began, of course, on saturday. the meeting of eurozone finance minister was then taken over, of course, by how eurozone leaders who finally early this morning came up with that agreement and an agreement that perhaps the greeks a week ago never expected they would actually want to sign up to. so there is perhaps some deep concern among some eurozone countries that maybe within 72 hours we could possibly go back to the drawing board once more. >> thank you very much. >> iraqi government says it's making gains against isil as part of a new military offensive in anbar province. shia militias are all taking part in the organization to retake iraq's largest province from isil fighters. [ gunfire ] >> the announcement came early on among morning. the military spokesman said security forces were beginning a new operation to defeat isil fighters. >> the military operation began at 5:00 this morning. our armed forces along with shia militias, special forces federal applies are now advancing towards the targets. [ explosions ] >> military operations have b

european union. they have to go into the meetings. a euro finance ministers meeting later today. and later, a leader summit. they meet with the ministers and they will discuss the proposals. it is important to point out at previous meetings greece has gone into the meetings with just ideas. nothing else. what europe is saying, we need something more sustainable. something more credible to work with. we heard this morning, about an hour ago, from jean-claude juncker, the european commissioner. he said it is time now for those with common sense to negotiate. we don't expect a deal today. it is time to come face-to-face with each other and show tolerance for each other. you remember john and christine, the last time they met, greece walked out of the talks and the announcement of the referendum. it is up to greece to show they are serious about this and perhaps europe to meet greece somehow halfway. will germany and everyone be prepared to give greece some debt reliveef? the banks don't have any money left. >> the grown ups are about to sit down at the table. we will see what happen

financing needs. the $53 billion euros roughly that the international monetary fund that the european union minister think he will need, and a longer period of time over which greece will repay its customers, they haven't been sustainable because the accident can not be realistically be paid back within the time period foreseen by them. this of course is strongly owned by 800 number any and mr. schaeuble is going to have a different view than the greek one. the fact that greece needs a longer repayment period and of course mr. tsipras the prime minister here also wants to bring the $35 billion euro investment package but he does face fierce resistance from parts of parliament, golden dawn and within his own syriza party five or six mps of which strongly oppose doing this about-turn and going back to brussels with a preapproved austerity package the greek people are turned down by 61%. what we want to do is start the process of taking greece out of the eurozone, nationalize the banks and institute our own policy of rescuing the economy and alleviating humanitarian pain which has come about as a result of t

union hope that everybody can live together. >> so the finance minister of greece, mr. varoufakis saying it's a period of hope to try to stay to the. there's a very divided europeannion with the north doing okay with lower unemployment rates and less debt. and the entire southern half of europe like greece with very high unemployment, very high debt, and no hope. let's just take a picture here of a pensioner that kind of summarizes the entire story, holding his hand on his head and basically saying i don't know if i'll make it or not. in the last week they've introduced capital controls. some of these pensioners can't even get access to the 120 euros a week to survive. in that camp of the nos, many, many of the south say our youth unemployment rate is 50%. we, too, can't take it anymore. and then on the other side, the middle class, and the ceos, saying look, let's not risk it and try to work it out. so you can see how divisive this vote is, alison. >> that picture very heart breaking. what kind of pep rations are greeks making you know not knowing how this vote is going to turn out plus when are the banks expected to reopen? >> well, we don't know when the banks

he did throw his finance minister overboard after the referendum, the man that had so greatly irritated his european union collies, mr. varoufakis. faye: it was something in between. he needed a good-will gesture for his creditors, and i think that was it. it was well-received and his predecessor was well-received at the eurogroup. how far does that go in substance? that is something that remains to be seen because even today we have had comments from great ministers -- greek ministers the far left side of syriza, saying we don't want the third render and him -- third memoranda. what are we talking about? no matter what we call it, this is going to be a very strict package of measures, even stricter than the one we supposedly rejected with the referendum. ursula: someone will have to tell the greek people. to me, this is the most important thing. the greek people still have illusions and no one cares to make them go away. melinda: it seems other countries may be gaining, if not illusion, then at least encouragement from the situation playing out. i am referring to other southern european countries, where

the european union approved $7.6 billion in emergency financing for greece.lso told that banks in greece are due to reopen on monday. you are looking at video. people lined up outside of atms and closed banks. although the banks will reopen on monday, people will only be allowed to withdraw $65 a day. >>> state water regulators have ordered an irrigation district in tracy to stop pumping water from a river in san joaquin county. the waterboard said water -- the water board said a notice was received that it didn't have a right to use the water. there was an order to stop pumping. >>> and there's free recycled water by the north marin water district. the fill station is at 999 rush creek place in novato. water officials say this is the first residential recycled water program in the north bay. >>> tech ceos from the bay area make up a majority of leaders who want congress to work on internet a tent reform -- patent reform. >>> a dangerous situation at one bay area protest. what prompted someone to drive through a crowd of people. >>> right now traffic is going

finance minister wolfgang is wolf wolfgang schaeuble. a five year grexit. without entirely leaving the european union. that could well be discussed later in the evening. but the about no break through is reached in brussels, that kicks the can further down the road. it may be referred up to european leaders meeting here on sunday. >> thank you neave. speak to al jazeera's simon mcgregor wood, for greeks right across the country the more immediate concern is just how soon they're going to be able to have proper full access to the money in their banks. >> reporter: yes exactly felicity. the euphoria has been replaced with this growing sense of dread about what's going to happen next and minds have been really focused on the capital controls, the closure of the banks the 60-euro cash withdrawal that is imposed on all greek citizens. that has really changed things here. an interesting note for the greek minister for economy georgio stefakis, saying those capital controls will likely stay in place for months to come. no real sense of a break there. regardless of how a deal is done or not. that's how powerl

the european union has agreed to the short-term financing.g 7 billion euros to bring greece to fund itself through mid-august. earlier today, another piece of the greek puzzle falling into place when the european central bank approved an increase to the greek national bank that allows them to continue to stay open and provide some amount of money to the greek citizens. we don't know if they could increase it. 900 billion euros was the increase. i'm sorry. 900 million euros was the increase. let's hear what mario draghi said about that increase. >> several positive things have happened that justify us to increase that we approved today. incidentally, i didn't say by how much. we accommodated the request put forward by the bank of greece recalibrated over one week. the increase would be 900 million over one week. >> some analysts i talked to were looking for more. draghi also expecting support in a highly noncommital way for major outstanding issue, debt relieve for greece. >> i think nobody has ever disputed that. the issue is what is the best

. >> the european union called a summit for tomorrow and greece's finance minister announced his resignation. the decision is having an impact on world financial markets and on wall street. abc's rebecca jarvis explains why. good morning, rebecca. >> good morning. this was not the outcome wall street was expecting. 'anticipated a yes vote. now we have no. that puts us noose completely unknown territory which is why right now you're seeing stocks trend significantly lower, the dow positioned to open 250 points lower. some saying it could close down as much as 2% today. so what would that mean for your 401(k)? your 401(k) would see a dip. stocks trading near all time highs. this would probably mean the stocks would be in the red for the year meaning that 401(k) would be in negative territory for the year. putting it into perspective is, stocks have been trading near all time highs. going forward, the big question is the rest of europe. italy, spain, portugal these are all countries dealing with similar issues to greece. if this sets off a ripple effect that will mean much more volatility in th

european union as a whole. >> what do you think or do you think, i should say whether there is much room for compromise from the german perspective because the finance minister has been seen as one of the most hawkish of the eurozone members. >> well, there is, of course, room for a compromise because the european union as such is an institution that reduces compromise on a permanent base. if you have a radical opponent on one side you can't expect the european union or german as a large member to just respond to a hawkish position of a debtor to expect that everything that tsipras wants will be immediately fulfilled because that trigger response from other members of the european states. >> good to talk to you live. thank you. all right from greece and now to vienna where another deadline looms. we're be live on iran's nuclear program also coming up. find out why china is trying to attract more foreign workers as well as the chinese expats to return to work there. and bringing something new to the tour de france. >> first to nigeria where boko haram is being blamed for the bombing that has killed 44 people. one bomb exploded at a restaurant. the ot

the big meeting set for late this afternoon of all european union leaders, all 28 of them that's been canceled. instead, it's going to be the financed the eurozone ministers who will be negotiating all day. max, the best that can happen from these meetings is some sort of hodge-podge agreement that they will at least keep things going. but it's difficult to know what exactly is going to come up today. >> there's some sort of anger there. they keep talking about trust now. it doesn't seem to be so much the detail about the agreement both bsh but about the trust of the greek government. >> both the, they all basically say it's not what's on the table or what might be on the table. it's whether greece can be trusted to actually implement it to do it. so for instance one minister suggested that maybe greece next week could begin some major reforms that could actually start legislating next week. that would show good will and show they could be trusted. but even the problem with all of this the problem with any of it is what happens in greece tomorrow what happens with the banks on monday on tuesday, because there needs to be some form

how bad have things got finance for greek people in greece has the highest poverty rate in the european unionnumber of people living on the streets has risen by 40% in the last two months. >> and greece's unemployment rate is over 25%. for more on the poverty situation in greece let's bring in a founding member of emphasis foundation a charity for the homeless and she joins us live from athens. greece now has the highest poverty rate in the european union and the crisis is intensifying for the homeless. you are on the streets every day. what are you seeing? >> thank you, rosemary. yes, we are out on the streets every single day. and what we can say and what we experience is that we are facing a situation where an already decimated society that is dealing with a paralyzed social state and with absolutely insignificant relief mechanisms is experiencing everyday this issue more and more. in the last few weeks, by itself we have seen the number of homeless people and all of those people who are what we call live in a street situation increase by a staggering 40%. and we are actually saying that w

i think it's very clear that unless you get some form of increased fiscal union that may require a european minister of financeon't have. i think it is very difficult to see how the euro is going to remain problem free in the long term. so i actually sympathize with those people who say we need further economic integration. because if you don't get further economic integration, actually the viability or the survival hit of the euro in the long term, i think is questionable. guy: we're already there, aren't we? the fact that we got so close to greece living the euro zone means that this in its current form is an exchange rate mechanism. exit is possible. robert: yes. guy: and wolfgang schaeuble is talking about that exit still being a viable option. robert: we don't know the details. but there was a lot of discussion over the weekend. about the germans having a plan b. and that -- there was also some very odd discussion about well, greece can leave the euro for a period of time. anna: like a trial separation. robert: yes, i know. but i think one has to be realistic here. which is if you leave the euro, the prob

european parliament this morning and promised greece would submit concrete reform proposals in two to three days. finance ministers expected to discuss the developments later today and all 28 european unionre scheduled to meet on sunday for another emergency summit. this morning, ecb governing council member told greece sunday in his words, quote, really the final deadline to reach a deal for economic collapse. guys, how many times have we said this is

european union as a whole. so the rift between them over greece could potentially have far-reaching consequences. there have already been marathon talks between eurozone finance ministers on saturday and on sunday. those negotiations were difficult, and at times ill-stem perked and it's no reason to think that the meeting currently underway between heads of government will be any easier. these talks are only about starting formal negotiations for a new bailout for greece. there will be more difficult and painful decisions for greeks before they see any more new money. >> jacky rowland reporting there from brussels and in brussels for us as well is neave barker, so bring us up to date what is the latest neave? >> well barbara eurozone leaders have been holding bilateral talks. they have now returned to full session of eurozone leaders. we expect there be more talks later in the evening this could go well into the night as it did on saturday when eurozone finance ministers held nine hours of talks and then continued negotiations into sunday as well. a lot of the information that we're hearing has been strategically leaked by officials taking part in negotiation

other countries that form up the rest of the european union will not be seeing their heads of state summoned to this particular meeting. we're going to have financeinisters meeting and later this afternoon, their heads set to deliberate whatever comes out of the meeting later today. but it will not be discussed at a broader eu level. why? because these negotiations are proving too difficult and there are a lot of people worrying we might not have something conclusive by the end of the day and we won't have the finer print there and the conditionality that people want to see here to pass a deal max. >> we're also putting pressure on athens saying we're not going to be under pressure to reach a deal today. . yeah of course athens is under a huge amount of pressure isn't it? the banks have been shut for two weeks straight. no indication they could hop on -- open on monday. they have got a huge repayment due at the end of the month at the european central bank. if it doesn't get its money back it could kick greece out of the single currency. on the one hand we have french and italians very keen to see greece strike a deal at these negotiations becaus

>>> well greece finance ministry has resigned, after voters rejected more osterity in return for another bailout. 61% no vote has left the bankrupt country's future and the european union and it euro uncertain. banks still closed with cash withdrawal limits. leaders of the euro zone will meade tomorrow to discuss the financial crisis, and what to do next. >> south carolina lawmakers meeting how they'll bring down the confederate flag that's flown over the state house for more than 50 years. rallies called for the removal of the battle flag for weeks. the flag has been under scrutiny since last month's deadly shooting, at a charleston african-american church bills already calling for the flag's removal but the bills lack specifics right now. happening today, philadelphia mayor mike nutter heads to mexico he'll meet with political business cultural leaders during three day trip. mayor hopes to strengthen ties between philadelphia and mexico during his visit. >> pope francis continues his south american tour, heading to the coast for mass spa zero that's expected to draw more than a million people. later this week pope francis will visit bolivia and paraguay. he's expecte

the greek finance minister cast their vote in a referendum deciding whether greece stays in the european union. alexis tsipras is demanding a no vote in exchange for more financial aid >>> dozens of civilians killed in iraqi government air strikes in ramadi. it hit a football field with a group of young people. ramadi is anbar province taking control of the end of may >>> an i.s.i.l. video set to show the casualties selling the coalition, and one of the largest exhibitions, targetting raqqa >>> back to the greek referendum. a lot is at stake, and not just for greece but neighbours and creditors. who owns greece's debt? >> well it owes germany 68.2 billion euros. france 43.8. italy nearly half a billion, 25 billion euros, and it owes the i.m.f. 21.4, and the european central bank over 18 billion euros. 52.5 billionurios owed to other countries, earlier i spoke with janus, an independent eurozone analyst, and he says there'll be negotiations with european lenders, irrespective of the outcome of the referendum. >> i believe the yes vote is more clear on what will come in negotiations with greece'

european union. the tensions between those two quotes from wolfgang, how they try to finance this idea? will there be a haircut a change in the nominal value? the budget they have submitted the proposal greece has submitted -- yes, it could be alexis tsipras caving. but it does not take into account the greek economy. everyone sits around in brussels on sunday looking at the numbers, are they using the old gdp projections? the factor in the economy has been in a freefall for two weeks because of capital controls they can take the old projections. but let us be clear, that is a giant mess. you are pretending that the economy has not collapsed, those numbers are not real. that is fine for negotiations. the question is can you sell those numbers to parliament? no one accepts that those 3% of surplus of what they are taking in, not including debt payments, those numbers are real once you factor in what has happened. that is really the quick question, real or fake numbers? and will parliament except the fake numbers, if those are the ones that use? anna: things moving fast, i know the imf sa

european union. the german chancellor says she won't deal with anything new regarding greece and the eu until that referendum happens. the eurozone's financeister is meeting will by teleconference. finally life here gets even harder for the folks. some bangs opened for retirees without credit card so they could get at least -- jenna: i think we lost gregg in athens. some of the greek population they don't have credit card. they are relying on their pensions and that's why some of them the retirees are being allowed to withdraw a little more money heading into the weekend. it's a desperate situation. how it's resolved is a big story. eric: wall street up 115 points. so we can see how it affects us. >> an arizona couple left for work a week ago and they haven't been seen since. a key clue leads police to believe foul may play have been involved. reported * iran's supreme leader those up potential obstacles to an agreement. will the table in vienna stop iran from building a nuclear bomb? >> a new round of controversy as the state department releases thousands more of hillary clinton's emails. some lawmakers are crying foul. >> a social media