so those sets of things, financial union for the financial system, a stronger backstop to the reforming countries so they can borrow at affordable interest rates and these modest steps toward growth are important and would be a good next step in terms of the escalation. this is a very challenging crisis for them still. they recognize they're going to have to do a bunch more to sort of restore a bit of calm and to convince people to make this work. and you know, i think the world's going to have a chance this monday and tuesday in mexico at the g-20 meeting to hear from them where they plan to go next. >> do you ultimately see the euro zone staying together or do you think one or more countries

so those sorts of things, financial union for the financial system, a stronger backstop to the reforming countries, and these moderate steps towards growth are important and would be a good next step in terms of the escalation. but, you know, this is a very challenging crisis for them, still. they recognize they'll have to do a bunch more to sort of restore a bit of calm and to convince people they're committed to make this work. i think the world is going to have a chance this monday and tuesday in mexico at the g20 meeting to hear from them where they plan to go next. >> do you ultimately see the eurozone staying together, or do you think one or more countries will drop out? >> you know, from talking to them and listening to them over these past two and a half years of crisis, my view is they've considered this very carefully and they've decided that it's in their interest to hold it together. and what they say to us proo privately is they will do whatever is necessary to hold it together. among the many concerns people have looking at europe and these perceptions, they worry, does eur

commitment by its european partners to provide support, quote, are concrete steps on the path to financial union which is vital to the euro area. >>> fast rising waters created a disaster scene in western wales. rescue crews are busy trying to save scores of people forced from their homes by intense flash floods. fire service, boats, royal air force helicopters are ferrying people to safety. houses and cars have been swamped by the floods. >>> one for the record books coming up tonight on 9 news now. how long could you play a board game without getting bored? >> 4, 3, 2, 1. [ cheers and applause ] >>> are we in store for another sweltering one tomorrow? annie has your forecast just around the c >>> all right, do you think new york, you think the city that never sleeps and two board game fanatics from minnesota put that to the test this weekend to set a new world record. brett caro and sam spent 53 hours, 59 minutes straight playing the board game strapomatic baseball. they started at 9:00 a.m. thursday and finished at 3:00 this afternoon in a manhattan public. >> i am just really tired. so i'm g

that sets a financial union for the financial system, a stronger backstop so reforming countries can borrow at affordable interest rates. these moderates steps toward growth are important, and would be a good next step. but this is a very challenging crisis for them still. they recognize that are going to have to do a bunch more, just to restore a bit of calm and convince people date are able to make this work. i think there will be a chance this monday and tuesday in mexico, at the g-20 meetings, to hear where they will go next. >> you believe the eurozone will stay together, or that countries will drop out? >> listening to them over the last two and a half years of crisis, my view is they have considered this carefully and decided it is in their interest to hold it together. but they say to us privately is they will do whatever is necessary to hold it together. there are three -- there are many. among the many concerns people have, looking at europe -- a worry. does europe have the ability economically and financially to make it work? i think they do. do they have the will, the pol

welcomed word of the new details of spain's request daying they are concrete steps on the path of financial union with the rest of europe. and george will have more on "this week" and what it will mean for the u.s. economy. >>> and now another developing story, this is washington where a criminal investigation is under way looking into who is leaking some of the nation's national security secrets and wall. and there is talk, this is a case of protecting secrets versus political gain in election year. here is pierre thomas. >> reporter: at issue leaks in recent weeks, about some of the nation's most sensitive secrets including disclosures about a double agent who had infiltrated al qaeda and broke up a new plot to bomb u.s. airplanes. other secrets made public u.s. attempts to assassinate al qaeda leaders in yemen with drone strikes and the publication about u.s. efforts to cripple iran's nuclear program with a computer virus. members of congress, republicans and democrats are livid. >> it seems to be a pattern that is growing worse and more frequent. >> when people say they don't want to work wit

the capital foundation financial in union increase end of to they were not a to secure asked for from thethe eu propos integration in at summit thathursday in the hermanrumpi report on friday monetary union. he drew up a pla the next ten otherproposes banking supervision to prevent whichnces and calls on approval from the need to issue level. another the introduction of common boned by member nations. heated debate expectede otherers opposeplan. they'r countries will the members. >>> minister appointed aill the minister. prime der of an group. choice quit after be hospitalized with pains. th launched conservative led government last entered the undergo eye su samaras is out the euels on thursday recovers from the surg multibillion dollar aid package to greece.le greek expected to ask partners to the authority ilout. >>> now let's gee in japan. to ramin at the ramin, investors ousing index improv out ofrward. >> yeah, we did have the home price i showed anovement, in showing that t steadily improving, albe little bit slowly. ahead o eumeeting, words chancellorngela merkel pouredver the

we will add north waterfront, north beach, telegraph hill, financial district, and union square. you good? ms. tidwell: yes. sorry. thank you. mr. pilpel: thank you. mr. mcdonnell: any deletions from district 3 description? mr. schreiber: russian hill community association. mr. mcdonnell: ok. proposal to eliminate. any objection? ok. ok.

we will add north waterfront, north beach, telegraph hill, financial district, and union square. you good? ms. tidwell: yes. sorry. thank you. mr. pilpel: thank you. mr. mcdonnell: any deletions from district 3 description? mr. schreiber: russian hill community association. mr. mcdonnell: ok. proposal to eliminate. any objection? ok. mr. pilpel: proposed to eliminate middle polk. mr. mcdonnell: any objection to elimination? ok. we will eliminate middle polk. the elementary school, a proposal to eliminate. any objection? ok. thank you. district 4. any additions to district 4 description? >> for those districts that are less than the deviation, are we treating it in the same way? we are referencing it, but it is not the same? we will include the same language? >> yes, sir. i would suggest adding parkside and outer parkside. mr. mcdonnell: any objection? are those real or fictitious? no. i see discussion happening. >> there is a comment that it might be in both district 4 and the district 7. park side? >> we don't have a submission. erring on the conservative side, we will not inclu

we have a lot to teach them and it's our financial union and ability to stand behind our dollar, which we showed through our government actions that saved this country from the financial panic. >> teach them about economic freedom. that's what you need to team thech and they could take a lesson themselves. >> time for that lesson. not now. >> this turned into a g-7 conference call suddenly. >> thanks, guys. 40 minutes before the "closing bell" sounds for the day. the market is higher, 27 points on the dow jones industrial average. >> homebuilders have been bouncing down. >> my entire one-on-one interview with bill clinton in a few minutes. don't miss that. >> what i think we need to do is to find some way to avoid the fiscal cliff, to avoid doing anything that would attract the economy now and then deal with what is necessary in the long-term debt reduction plan. as soon as they can. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal serv

financial aid toeu thoughomy is small and impact o be is t europe's won't be easy solve. eu has providing funds to portugaf strict austeri measures. on monday, asked the european union financial assistance t just hours made t move. and when t rating moody's cut the 28 also it's yet anothspain, lowered assessment of the govern month to justlativestatus. the ldowngrades ranged from onenotches, largestbanco santander a two baa2. cut two theative rating to many other ban consideredgrade.towngrades are rise uncof spain's real estate of thebt. >>> stocks york following n's banksout for investors were week'seu to the dow jones industrial average last friday's close day's session 12,502. for more here are trading this go ramin mellegard, who is tokyo stock ramin, l i else off t some positive >> definitely, very ai and really ta lower a a turn fors final week in of with inv grips wi eurozone debt iss also questions in china,europe and volatile trading that commodities andave a look and the are tradingmorning, both nikkei and 740.course stos in the u also uncertaintie eu and su kick offlot of whether some of those be that's markets, an we also hadmoody's on of course downgrad

financial institutions. a number of them at credit unions -- 1 credit union has responded. we're still in the process of receiving applications. i would be happy to update you as we get more. we have published those deposits monthly in our investment report. supervisor avalos: is there anything those deposits are hoping to leverage in terms of investments they're making locally that we can point to? >> we cannot put strings on those deposits. we encourage them in our invitations to use this money to be responsive to the community. i'm excited that the credit unions, that is really what they do. my hope is to get more of the credit unions to take advantage of it. four small credit union come a deposit of this size would help the more significantly than will help a major bank. it could make a bigger difference in the amount of funds they have available. i would be happy to keep you updated. supervisor chu: thank you very much. on the recommendations, the two investigator positions, and the accountant, are there any areas of agreement? >> we are still in discussion. we have ha

markets, and the policy response currently under consideration, including progress towards financial and fiscal union in europe. they agreed to monitor developments closely ahead of the g-20 summit in los cabos. i can see that european leaders seem to be moving with a heightened sense of urgency, and we welcome that, and we're hoping to see accelerated european action over the next several weeks, including in the run-up to the aforementioned g-20 leaders meeting in mexico. a movement to strengthen the european banking system will be of particular importance in this time period. >> the president has tried to walk a fine line over the last several months between not appearing to lecture his european counterparts but also trying to prod them into action. he's felt that strong action was needed. is it time now to step up that message? does he feel that he needs to underscore that even more strongly? >> the president and secretary geithner and others have shared the united states' experience with the kinds of challenges that the europeans have been facing, whether it's the need to implement very strict st

welcome by the united states treasury secretary tim geithner calling it an important step toward financial unionis bailout expected to be different than the other three. the money will go to the banking sector meaning there will be no new os tear austerity measures spanish people. spain's unemployment at 25 percent. people there already dealing with tough cuts. a few years ago the retirement age was increased from 65 to 67. sales taxes went up. apparently none of that was enough to halt the country's slide into a major recession. asked for how much money spain will ask for, it is still not clear what the final number will be. it is huge. some amounts have been mentioned. greg burke is following the story. >> very big news from the euro zone today. long conference call from european finance managers. spain admitted it does need help from europe. it is not calling it a bailout but it is an awful big loan. this is crunch time nor europe. one thing for greece to be in trouble a tiny country but spain is the euro zone's 4th largest economy. spanish finance minister stressing that this is a loan, a lo

some kind of financial union. he seemed to back that.t the kinds of changes they are talking about are more than he has heard in the past. and he supports that as well. >> shepard: the bigger question i suppose is whether these austerity measures will be what they have been, which is a failure, or at some point begin a long-term recovery. the problem with austerity measures is fewer people work. there is less money in the economy. and it tends to just go like this. less money, fewer workers, things get worse, not better. that's what we have seen thus far in europe. >> we have seen it in greece. that's where it's really played out. >> shepard: and spain. >> i have to tell you though greece doesn't have the money to pay off its debt. the question is do you create more debt that you then have to pay off or you can do it through austerity? it's a big question. of course in our country here, we have tried both things. most recently we have tried stimulus and we are still working with 8% unemployment here. we are still working with maybe as mu

. >>> the spanish government on monday officially asked the european union for financial assistance to prop you up its struggling banks. banks of the eurozone's fourth largest economy are suffering from massive losses on their property loans. the government hasn't disclosed how much it needs, but an audit by an oversees accounting firm has indicated up to 60 billion euros would be required. the assistance would be limited to aiding commercial banks, not the government that is suffering from a heavy budget deficit much like greece. it's not considered easy to calm market worries about spain's fiscal trouble. the eu aid would further increase the amount of its debt. spain is the fourth country to seek assistance after greece, ireland and portugal. >>> panasonic and sony plan to team up for the next generation tv. now it's official. the two companies say they plan to come up with technology for the mass production of organic, e-lectroluminesce ennc displays by the end of next year. these displays are thinner and produce clearer images than lcd panels. they plan to develop large 50-inch di

sure up the dam, but certainly not to solve the problem, which everybody realizes is fiscal and financially unionere could be for example, an ecb and an ltro. or i don't know where we are on swat lines. >> they're there. they're there for being used. this's in place. i mean, the next step, and i'm going to get shot down for this, is the fed going in and buying bad paper. so, yes, you're right. a third lto would be the next response. but two didn't solve it. a third one cocould potentially help the situation. but it's not going to solve it. no, nothing is going to solve it. >> it's a solvable problem. >> all right, if you issued euro bonds, which is never going to happen. i also think if you capitalized the bank, you've got to -- yeah, you've got to do that. but the joint issue on euro bonds. >> i am pushing for a massive imf response for a second launch position after europe ponies up money. >> geithner says no. >> i think he's wrong on that. >> this is like waiting for it, but it's not nearly interesting to read. >> we should point out the banks. bank of america up 3.5%. morgan stanley up 4.4 or

these comments from christine lagarde saying she hopes the eurozone would become more fiscal and financial unionme how quickly everybody's kind of changing tact. it wasn't long ago they were up in arms about not having a european union as such. you wanted to see each country supposed to take care of each country's own advice backing problems. if you. >> so the time line clearly been accelerated and we'll bring you much more of that as we get it in. finance ministers are set to hold an emergency conference call today on the eurozone crisis. this amid concerns about spain's banks and the outcome of the greek election onup 17th. according to reuters sources, some officials fear the possibility of a bank run in spain. policymakers also expected to put pressure on germany to dampen it pro austerity stance and work on measures to stimulate growth. the group also likely to call for concerted action at the summit scheduled later this month. >> angela merkel said she would discuss the possibility of forming a constitution. softening its stance on a proposed banking union which german officials say should

looking at those things, financial union for the financial system, stronger backstop to reforming countries so they can borrow affordable interest rates and these modest steps towards growth and importance would be good next step in terms of escalation. and recognize restoring a bit of calm and convince people it is good to make this work and a chance this monday or tuesday in mexico. where they planned to go next. >> the euro zone staying together or one or more countries will drop out? >> talking to them over the last two years might view is they consider this carefully and they have decided it is in their interests to hold it together and what they say is they will do whatever is necessary to hold it together. among the many concerns people have looking at europe, these are misperceptions, and financially make it work? i think they do. do they have the will to make it work? a few months ago -- never that generous. never underestimate political commitment of european majors to make european integration work and a project decades in the making, huge strategic and political imperative for m

>> g-20 asked the european union do restore the financial stability by moving toward establishing the banking union, to integrate the bank division and the deposit insurance. this is definitely the right direction to go. but this is not enough. as the economy doesn't seem to be so good. the euro has to pursue two objectives, economic controls. another important situation is when the euro companies agree. there's a bigap between germany and the southern european countries. having said that, i'm optimistic that european union will finally achieve those goals. but the basic question that europe is facing is, how long it will take and how many mini-crisis european union has to go through before they reach the goals. politicians do not seem to be ready to take radical reform. with that, having another down shift of the financial markets. >> and that was the chief economist at jpmorgan securities japan. >>> the security council has agreed to keep the monitoring system in syria, this is despite escalating violence in the country. the monitors had suspended their activities as escalate ago ta

union. for the euro with the greek economy in tatters and spain on the financial future of the monetary union looks anything but bright world leaders are calling for quick and decisive action to avoid. the european central bank has come out and said the fate of the currency.

this will then boost the capital foundation of the financial institution. european union officials are demanding that banks increase their capital by the end of the month to demonstrate their health. officials say they were not able to secure the necessary funds by themselves, so they asked for help from the government. >>> the eu president will propose greater integration in banking supervision at the eu summit that begins on thursday in brussels. he'll also suggest the introduction of common eurozone bonds. herman van rumpi issued a report on friday entitled toward a genuine economic and monetary wr union. he drew up a plan for the next ten years with three other eu leaders. the report proposes integrating banking supervision to prevent bank failures which burden state finances and calls on member nations to get approval from the eu if they need to issue government bonds above a certain level. another proposal is the introduction of common bonds that would be jointly issued by member nations. but a heated debate is expected as germany and some other members oppose the b

union just ahead. please. if you still. owe him a welcome to crossfire computor all about crunch time for the euro with the greek economy in tatters and spain on the financial brain the future of the monetary union looks anything but bright world leaders are calling for quick and decisive action to avoid a doomsday scenario while the european central bank has come out and said the fate of the currency.

union. and. welcome to crossfire computor all about crunch time for the euro with the greek economy in tatters and spain on the financial break the future of the monetary union looks anything but bright world leaders are calling for a quick end decide.

>> well, in this discussion is this medium term perspective of financial union or banking union for theast for the eurozone and that's what consists of a common european banking supervision of european deposit guarantees system and of resolution systems. all this would be considered for the major banks of europe and the is will be a topic of the eu summit on 28th of june this year. >> governor nowotny, it's gillian tett here from the "financial times" i've got a question i would like to ask, austria is one country you've seen growing signs for far right parties amongst the voters. i realize you're not in the business of politics but to what degree are you concerned these moves towards a common banking union are actually going to stoke up more backlash amongst voters in place like austria? >> i would not overvalue this aspect. of course you see we have in austria, a big coalition of the leading parties with parliamentary majority of about 60%, so there is, of course, an opposition and this is part of the far right opposition. but this is not really very much connected with this internati

union. i do not think a financial or any fiscal union is stable. >> it's interesting to see what's going on around the world. it's not just in the united states, it's in china, and i wonder can we always look to a central bank to save the day? what about fiscal policy? this is a conversation i had yesterday with richard fisher from the dallas federal reserve. he said he questioned why this is no discussion in congress about the fiscal cliff. some of these very important issues that are pabt to change the dynamic. listen to what we told us yesterday. >> there's no way in a monetary policy can substitute for what happens on the fiscal side. decisions have to be made that don't push us into recession and solve the long-term problems. >> i agree with that. >> do you agree? >> of course. nobody has argued that we don't have the fiscal problems that we have today that's served by monetary policy. it's europe at the moment. fortunately we are able to balance the central banks, and that is solving the problem temporarily, but it's like the leaky boat problem. unless you fill the holes on the boat,

on monday, the spanish government officially asked the european union for financial assistance to prop up its struggling banks and just hours later, cyprus made the same move. and when it rains, it pours. u.s. credit rating agency moody's cut the ratings of 28 spanish banks also on monday. it's yet another blow to spain, after the agency lowered its assessment of the country's government bonds earlier this month to just above speculative status. the latest bank downgrades ranged from one to four notches, the largest banco santander a two notch reduction to baa2. bankia was cut two knocks to the speculative rating to ba2. many other banks are also now considered below investment grade. moody's sa the towngrades are due to a forecast rise in uncollectible loans due to the collapse of spain's real estate bubble, in addition to the impact of the rating cut of spain's sovereign debt. >>> meanwhile u.s. stocks ended lower in new york following further concerns about spain's banks and the bailout for cyprus. investors were worried that this week's eu summit might fail to contain measures for

at lunchtime for the euro with the greek economy in tatters and spain on the financial brain the future of the monetary union looks anything but bright. me leave it. to. plug in egypt. comes. into. play. oh and welcome to cross talk i'm peter lavelle crunch time for the euro with the greek economy in tatters and spain on the financial brain the future of the monetary union looks anything but bright world leaders are calling for quick and decisive action to avoid a doomsday scenario while the european central bank has come out and said the fate of the currency is not in its hands. the only change comes. to cross what seems to be the never ending euro calamity i'm joined by rodney shakespeare in london he is one of the founders of the global justice movement in brussels we have used than usual he is president of the e.s.e. europe two thousand and twenty steering committee and in new york we cross to stephen foley he is an associate business editor of the independent all right gentlemen crosstalk rolls in effect that means you can jump in anytime you want a ride me if i go to you first in london we have. camero

at lunch time for dinner with the greek economy in tatters and spain on the financial break the future of the monetary union looks anything but bright. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm charging welcome to the big picture. welcome back to spotlight i now do nothing just to remind you there were a guest on the show today is william perry professor stanford university and former u.s. defense. professor russia's nuclear arsenal is capable to break through the end time miss shield that we see now built in europe at least that's what the rest nutria saying but as experts say the face for the shield which is expected to be deployed by twenty twenty should be something different and make me pose a threat for the russians that's what the military says i'm the next where i'm quoting with what i read in the press so what i'm worried about is you say you're the former u.s. defense treaty that this is not a threat to russia. first thing and

a conservative leader that should reduce odds the country would exit the 17 country european unions financialc. asian and european markets were sort of mixed. [ inaudible ] >>> good morning. 6:30 i'm katie marzullo in for eric thomas. >>> and i'm kristen sze. was a hot weekend but things are changing. >>> good morning. we are looking at live doppler, plenty of low clouds and fog except south and east bay valleys clouds clear later this morning with it the breezy conditions even mist and drizzle this morning you may need wipers if you are coming from the peninsula, east bay, we are somewhat mild mid and upper 50s sun in san jose not bad, livermore cooler for sure today windier from concord to fairfield and we will look for one of the coolest days this week to be today. >>> good morning. back to work monday morning metering lights on. bay bridge backed up beyond the west grand fastrak scooting by well incline good stalled truck before treasure island blocking right lane. hot spot for the morning westbound 205 grant line accident blocks two left lanes, slow up and obvious the altamont pass and t

financial retail. it would make banks, credit unions, savings and loans that have 11 or more branches -- those are formula retail financial services -- and they would be subject to the ordinance. they would be required to move into areas where there is committed to support for their presence. where there is already an existing ban on financial retail services, then 11 or more services would be captured also by the band. the intent is to provide an additional measure of protection to small businesses, which are especially threatened by the proliferation of formula of retail businesses. it also allows the planning commission to assess whether the savings and loan or credit union is necessary or desirable in the community. and in particular, whether there is an overconcentration of banks within the community. this ordinance was recommended unanimously by the small business community and recommended by the planning commission by a 5-1 vote and unanimously recommended by the land use committee. at the land use committee, support was provided by supervisor wiener that would grandfather in permits that had been

they depend on unions to support them financially, in an era -- i think the walker forces spent seven times what the democrats spent. if you don't have the unions, and increasingly, they are getting smushed to the side, democrats could be in serious trouble. >> mark? >> the winners get to write history. the rebel against have the right to trumpet -- the republicans have every right to trumpet this as a great victory. in 2010, the republicans for the first time in history won their house, senate, and governorship. charles talks about wisconsin being a blue state. john kerry and al gore want wisconsin by fewer than 12,000 votes. overlooked is a big thing -- privatization of public services cost more to taxpayers than does paying public employees, and that will be a force in the debate. >> democrats point to exit polling showing wisconsin voters still prefer barack obama over mitt romney. here is the unsuccessful democratic candidate for wisconsin lt. governor. >> we have an uphill battle. >> this is the end of democracy. we just got outspent $30 million to $4 million trade this was the

european union for financial help. calling it a loan. not using the word bailout. specifically used a fwhord spanish that means bailout. he said this is not a bailout. below market value coming into an official government organization in spain and be directed only at the banking sectors. he's trying to show this is a very limited operation but an unprecedented operation for spain calling on its european allies to provide some help to its very troubled banking sector. fredricka? >> so, al works it lead to deep austerity measure, similar to what we saw in countries like greece? >> reporter: there already have been deep austerity measures. what he hasn't given is the actual figure. there's been an estimate from the international monetary fund of at least $60 billion u.s. dollars is needed and another part of europe here at about this hour we're supposed to see some numbers possibly of what is being asked for, what europe is offering. we don't have number just at this moment. therefore, we don't know, fredricka, whether this will require more measures. he's trying to p

and the commitment by its european partners to provide support as concrete steps on the path to financial union, which is vital to the resilience of the eurozone. broadly speaking, the eurozone crisis remains a headwind to the u.s. recovery. our economic stake in europe is immense, as you know. europe is our largest economic relationship and our financial systems are deeply connected. and it is because the stakes are so high that throughout this crisis the president and his administration have been in close contact with their european counterparts and closely engaged in developments as they emerge. i can refer you obviously to the g8 summit at camp david, to the upcoming g20 summit in mexico, to the conversations that we read out just in the past week the president had with chancellor merkel, president hollande, and prime ministers cameron and monti. >> is there anything specific you could say about the president's response to the weekend deal? >> i don't have a specific response. i think that our position, the president's position, was articulated by secretary geithner this weekend. ann. >> th

they depend on unions to support them financially in an era where i think the numbers are that the walker forcehave to spend seve times with the democrats ent. if you don't have the unions, and increasingly, they are getting smushed to the sites, decrats could be in serious trouble. >> mark? >> the winners get to write history. that is the role in wisconsin. -- rule wisconsin. the republicans have every right to trumpet his victory. in 2010, it was s the first time that the state republicans want the senate, ---- won the house senate, and governorship. john kerry and al gore carried wisconsin by 12,2,000 votes. overlooked in the whole debate is one thing, that is the privatization of public services cost more to taxpxpays than does paying public employees. that will be a force of the debate. >> democrats pointed to exit polling showing that wisconsin voters still prefer barack obama to mitt romney. here is the unsuccessful democratic candidate for wisconsin lt. gov.ernor. >> we have an uphill battle. >> this is the end of democracy. we got outspent $34 million to $4 million. this was the

financial aid. the now for union and the latest board and it's the calm before the storm at the european football championships isn't it that's right it's a rest day today and he said but of course the semifinals they start tomorrow spain versus portugal the first big one more not coming up in just a sec. thanks for joining us this is indeed sports today and we have plenty ahead for you including these stories and very. moving on our maria sharapova does what venus williams could not do on the first day of wimbledon when. kings of the court it's celebration time for the miami heat as the n.b.a. champions are healed at a parade. the high octane sport of cliff gets its season underway in corsica and russians are. among the front runners for the global. plus get the ball rolling with tennis where maria sharapova has booked her place in the second round at wimbledon the russian speaking back to back after winning the french open last month the world number one not messing around against on the cod winning in straight sets six two six three however there was an even more impressive victory for another they. were nu

. >>> spain formally requests financial help from the european union.t this means for all of europe and for the u.s. >> violence in homs, syria. rebel forces battle it out with syrian military. we'll take you inside a makeshift hospital where a doctor treats the wounded despite the horrif ic experiencs around him. >> and a california city official is caught on tape abusing his child playing a game of catch in the backyard. we'll see a neighbor try to intervene here.

that sets a financial union for the financial system, a stronger backstop so reforming countries can borrow at affordable interest rates. these moderates steps toward growth are important, and would be a good next step. but this is a very challenging crisis for them still. they recognize that are going to have to do a bunch more, just to restore a bit of calm and convince people date are able to make this work. i think there will be a chance this monday and tuesday in mexico, at the g-20 meetings, to hear where they will go next. >> you believe the eurozone will stay together, or that countries will drop out? >> listening to them over the last two and a half years of crisis, my view is they have considered this carefully and decided it is in their interest to hold it together. but they say to us privately is they will do whatever is necessary to hold it together. there are three -- there are many. among the many concerns people have, looking at europe -- a worry. does europe have the ability economically and financially to make it work? i think they do. do they have the will, the pol