mario monti will meet france's francois hollande in rome on september 4th. so add that to the schedule as well. of course, as asset markets don't debate whether spain will request a full bailout, the head of the rescue says the crisis is not spiraling out of control. they've insisted there's life in the regions peripheral countries. >> all the countries have delivered sizable adjustment and deficits are on an improving trend in all program countries. currently the deficits and competitiveness of the eurozone's peripheral economies have been improving significantly during the last three years. >> does that stack up if we've got no growth? the pmi pointing, suggesting next quarter will be negative growth around my us the 4.5%. can you improve debt profiles if you don't have any growth. >> that's the main issue. while it's true countries are doing some degree of adjustment on the fiscal side on the external side as well but the heart of the problem slack of growth. we're concerned about that. after all all this fiscal indicateors is ratios, deficit to gdp. one

samaras will meet with angela merkel and french president francois hollande. >> he needs their support to get the next slice of bailout money amid speculation the indebted country may have to leave the eurozone. >> time may be greece's most valuable and scarce is resourced at the moment. athens has until september to enact austerity measures worth 11.5 billion euros. i of the troika of the eu, the international monetary fund and european central bank are not satisfied, greece's credit fund could dry up -- i f -- if they are not satisfied. samaras says that is not enough time and that the country is only asking for breathing space to get the economy thriving. he also painted a bleak picture of what would happen if greece had to revert to its old currency. he said the consequences would be a catastrophe for greece. in the scenario, samaras predicted at least five more years of depression and the unemployment rate jumping to 40%. >> for more on the story, i spoke to our correspondent in brussels and asked if juncker would listen to the plea for more time. >> he will definitely listen to w

francois hollande will be heading to spain to meet spain's leader. talk about fwrooek leaving the eurozone even though it's not on the table. spain was in talks with other eurozone members over the terms of a potential sovereign aid. no decision would be taken until at least the 12th of depth. that would be just before the next meeting. so be interesting what francois hollande will say after the meeting because this discussion about the spanish potential or spanish sovereign end is not on the agenda. let's wait and see for the press conference. back to you. >> stephane, thank you very much for that. let's see how the spanish debt yields held up. looking at what's going on particularly just in the past few weeks, this is a three month chart. so, saw a massive spike in the yields on the two year, just a few weeks ago towards the end of july when we saw the two year above 7%. this was really, obviously, some extreme sense in the eurozone. very much coming back since then but still at 3.72%. very sharply lower from those levels over 7% that we saw just a

on wednesday, angela merkel meets francois hollande, the french leader. then sam ross and merkel the day after that. on saturday, saros -- antonis samaras in paris. so the leaders are meeting this week. not sure it is the make or break week some have suggested. it all hinges on the cerrito report which is still a couple weeks away. if greece is going to be ousted from the eurozone, as many people guess it might ultimately be, nobody wants to be seen as the prime mover, not least germany. there are people are behind the scenes hoping that the troika will give greece a poor record in terms of its efforts to introduce austerity. then they could possibly show greece the door, saying it is those anonymous follows from the troika to represent the european union, imf, and european central bank, they are to blame and not us but i should add that it is eurozone policy to keep greece in the club at the moment. that is planned a. a lot of people are talking about plan b. >> of course, the markets will be watching the situation in greece very closely this week. here

the french president francois hollande says he openly supports the formation of a provisional government by the syrian opposition as mass deaths in the conflict torn country springboard another round of the media war. looking to new horizons egypt's turns its attention towards the east president morsi has to china hoping to back billions in economic deals. the british immigration system is under fire after more than one hundred fifty thousand illegal immigrants at the pump accounted for after arriving in the country. in the russian capital you're watching r t was marina joshie paris has made its latest move in the political gambit over the syrian crisis french president francois hollande has called on syria's opposition to form a provisional government saying france won't hesitate to recognize it our correspondents are still your reports on what this means for the conflict. the french president laundered issued a statement with several points when it comes to syria first of all he had urged different rebel groups and opposition members to come together to form a representative provisiona

. >>> french president francois hollande has warned the syrian government not to use chemical weapons against insurgents. >> translator: we remain vigilant to prevent the use of chemical weapons. for the international community, that would be a legitimate reason for direct intervention. >> hollande urged opposition groups to unite. he said france will recognize a provisional government as soon as it is formed. syrian government forces have mounted an offensive around damascus after the departure of u.n. observers. human rights activists based in the uk say about 160 people were killed on monday alone. a military helicopter crashed in the eastern part of damascus on monday. rebels from the free syrian army claim to have shot it down in retaliation for government massacres. hundreds of people were found dead over the weekend in daraya, a suburb of the capital. government and opposition forces are blaming each other for the killings. >>> an iranian official says leaders from non-aligned nations are ready to release a statement denouncing u.s. economic sanctions on syria. delegates from t

francois hollande has tended to favor a growth path, where as angela merkel is seen as a hard- liner on austerity -- whereas angela merkel is seen as a hard- liner on austerity, but they have done their best to put up a united front. both have said in the past that no decisions will be made until mid-september at the earliest, which is when the troika, the eu, and the imf will report on greek progress. tonight, it was clear that both france and germany will be expecting the troika to say that greece is on its path, is staying on target, or else there will be no decisions about possibly improving some of the terms expected of greece. >> angela merkel is in a very tough position right now. internationally, she is under to pressure to stabilize the euro. domestically, german taxpayers do not want to put up any more cash for any more bailouts. >> that is right. germany is the eurozone's biggest economy, europe's paymaster, and people are concerned about throwing good money after bad. there has been talk among conservatives in the csu, the cdu's sister party, that may be a referendum shou

we all knew that francois hollande was going to have a tough time, but this adds to the problems for him. >> it does. it talks about social justice and closing the gap between the elite and the disgruntled working class. it's a difficult challenge when you take into account the economic situation. a few weeks ago i was in a paris suburb which was the center of the riots in 2005 and one of the last big employers is closing down. that's 5000 workers at that plant. 80% employed right there. grinding decline. it's very difficult to keep young people employed if big employers like that are pulling out. he's trying to save jobs and appealed to the working class is. but if you cannot create jobs, that becomes much harder. >> thanks very much. today marks the 67th anniversary since the end of the second world war. for many asian countries it meant the end of japan's colonial rule. for decades, there is still controversy over the way japan remembered its war dead. now this report from tokyo. >> thousands of people, including war veterans, gathered at the his opinion enshrined on wednesday to

. >> francois hollande and mario monti vowed to do everything to protect the euro, though they did not disclose whether that would mean pressing through the european stability mechanism to have a banking license so that the permanent bailout fund had direct access to the european central bank. hollande and monti stressed they will act in unison. >> our relationship has reached an important point. in order to iron out the issues, including future ones, which are our area of responsibility, so that we can strengthen and consolidate the eurozone. >> they said this means implementing the decisions taken at the last eu summit as soon as possible. the new stability mechanism could start helping cash- strapped eurozone countries by buying up government bonds. >> in order to preserve the stability and strength of the eurozone and promote growth, it is very important for us all not to allow our concentration to waver for even a minute. >> the meeting between hollande and monti may well give food for thought to german chancellor angela merkel, who is currently on holiday. germany so far has been

merkel and french president francois hollande discussed greece during a meeting in berlin on thursdayboth suggested it must stick with tough economic reform targets. the greek prime minister meets with the french president tomorrow in paris. >>> markets in asia pulled back as hopes dimmed for stimulus action. by the u.s. fed. tokyo's nikkei fell more than 1%. hong kong's hang seng also lost 1%. worries over the fed the dow lost 115 points on thursday. the biggest loss in more than a month. the nasdaq fell 20 points. >>> mitt romney says he'll be looking for someone new to head the federal reserve if he's elected president. romney said thursday he will not reappoint chairman ben bernanke to a third term. some republicans have attacked bernanke's recession-fighting policies. romney did not say who should run the central bank. >>> the federal reserve bank of new york has sold the last securities of its aig rescue package. the risky bonds for insurance giant, american international group, were bought during the financial crisis four years ago. the sale netted taxpayers more than $6 billio

glad merkel wants to see cuts and the timetable of cuts that he had to stringently where is francois hollande from france seems a little bit more willing to bend and to give a little bit of leeway because the reality is if greece isn't given extra time then they're going to have to cut even deeper and it's those deeper cuts that are just going to mean more protests we're going to see more violence and when to see more suffering for the people of greece. they launch a behind asking for breathing space is that after his hopes to use the time to jumpstart its time king economy but investment advisor patrick young dallas event that would how greece get out of its predicament. it's really rather sad this whole situation i mean the great political class are utterly delusional if they believe that they can possibly manage to make the numbers add up the numbers simply don't guard up they have not added up in greece for two decades probably a great deal longer ultimately there is a fiction price to be won from greece grigory good logic numbers the idea that suddenly when you have an economy built in a

moment i'm glad merkel wants to see cuts and the timetable of quotes that he had to stringently francois hollande from france seems a little bit more willing to bend and to give a little bit of leeway because the reality is if greece isn't given extra time then they're going to have to cut even deeper and it's those deeper cuts that are just going to mean more protests we're going to see more violence and when to see more suffering for the people of greece with just hours to go before anglo-american meter great counterpart there is more bad news for us the parliamentary leader of germany's ruling party has categorically ruled out any renegotiation of bailout conditions and asset management specialist philip of wonder and says there's simply too much debt now piled on greece's shoulders greece this bankruptcy i think there's no discussion about that today and it hadn't been two or three years ago even with the hardest possible work and a lot of cut and extremely austerity and very greece won't be able to pay back the huge amount of their they have loaded to their shoulder there's only one way of.

harrah's has made its latest move in the political gambit over this year in crisis french president francois hollande has called on syria's opposition to form a provisional government saying france won't hesitate to recognize it. still your reports and what this means for the conflict. the french president laundered issued a statement with several points when it comes to syria first of all he had urged different rebel groups and opposition members to come together to form a representative provisional government now he said that if and when they do this france is ready to recognize this group now we know that on the ground there are still divisions and different factions of rebel groups however on the outside we also know that there are several members of different opposition groups such as the syrian national council the muslim brotherhood among others who've already been meeting for a few months now are drawing a road map for a post assad syria and they are set to release their plans and their findings in the coming weeks and again. their future support for a government formed by the rebel groups an

we have senator francois hollande. that moment occurred a few minutes ago new jersey but mitt romney over the top. >> 50. [cheers and applause] >> people thought he was too moderate but now he is the contender for the g.o.p. >> and it congressmen paul ryan will make an outstanding team. this is a movement sweeping america. they are ready for a change in the white house. neil: the issues and has to find you have been front and center. outspoken in saying we should not spend more than retake and. of does this appeal? >> absolutely. especially americanamerican s who are younger realizing before today's voters were born. also the accumulation of jut -- of debt to and americans are not putting up with the. that is why his candidacy is so appealing. neil: we're spending $4 billion every single day. $2 million per minute. that number is shocking. the debt clock is on the floor they will see you when it rolls over to the 16 trademark. how can you actually bring this home to america? that is not something they pay every day or

this interim government in france francois hollande has said his country fully box the creation of an interim government that should be looking to be in place for the day that assad is toppled from power however that confidence isn't really repeated in the united states whereby the words coming out of washington are that well the syrian opposition is still so much of a no no and that they're maybe not ready for putting together an interim government right now so two different sides of the same coin there coming from washington. all right thanks very much indeed for bringing us the very latest here all of our reporting there from berlin. were you watching r t and coming up later in the program missing migrants. some people may have left the country some of them may still be here i think the key fact was that the agency had no idea how many are still in the country and how many are left the u.k. seeking ways of getting rid of illegal immigrants but it's faced with a tricky problem that it can't actually find out. and there's now found they are opening for the republican convention as a

i'm glad merkel wants to see cuts and the timetable of cuts it here to stringently where is francois hollande from france seems a little bit more willing to bend and to give a little bit of leeway because the reality is if greece isn't given extra time then they're going to have to cut even deeper and it's those deeper cuts that are just going to mean more protests we're going to see more violence and going to see more suffering for the people of greece. and there was just hours to go before and glimmer call me to agree counterparts there's more bad news for earth and its. leader germany's ruling party has categorically ruled out any renegotiation of bailout conditions top investment investment adviser patrick young doubts of soap to terms would even help greece out of its financial predicament. it's really rather this whole situation i mean the great political class are utterly delusional if they believe that they can possibly manage to make the numbers add up the numbers simply don't guard up they have not added up in greece for us today probably agree a deal longer ultimately there is a fi

said the euro is down and that's before the german charles langlade will meet french president francois hollande to talk about great prime minister today and to discuss the pace of reform that's what investors are holding out for the ruble remains mix so in russia are struggling this friday afternoon and that says will head to the first weekly decline in a month that news is taking its toll but emerging stocks are really close they're looking at now and russia says that foreign direct investment rose to seven billion dollars in the first half of this yes makes you sense that going on the stamps and the united corp is building a new mid-sized area the boeing seven three seven and a three twenty it will have one hundred forty seats and have a completely new design not based on the current super jets it will give the country a good range of civil aircraft with plans already announced to build a large line in the air as to why. i must say carol i don't like flying but i do like the planes so. it's very interesting thank you very well coming up as promised we do have an exclusive interview with the p

and cars were set on fire while police for shah that sixteen officers were injured president francois hollande has vowed to get the situation under control by sending in reinforcements violent riots in france have become a common occurrence in recent years with a sense of bonnie's persisting in many or ethnic neighborhoods. more than one hundred kurds have clashed with police in the southeastern portion of turkey the testers richard jones and petrol bombs at security forces who responded with smoke grenades and water can it be violence comes twenty eight years to the day the kurdistan workers party began its insurgency against turkey demanding and the tone of this state. a judo athlete from the democratic republic of congo along with three of the country's coaches have vanished. in the u.k. following the end of the olympic games the sports men disappeared from the olympic village with their luggage and are reportedly not answering their calls authorities in london are also looking for seven fleets from cameroon also gone missing they are reported to be trying to stay in the country to continue

as a part of the euro that's certainly going to be something that's all for discussion when francois hollande the french president arrives here in berlin for chats with chancellor angela merkel now the two have differing opinions over how the debt crisis in greece should be dealt with as well as across the eurozone in general. chancellor merkel very very big on wanting to see cuts she said that greece must stick to a very rigid plan in order to find eleven over eleven billion euros worth of cuts before the next round of bailout money which is to shortly france warland in france saying this well they're a little bit more flexible when it comes to greece now this meeting is going to take place here is really to try and make sure that they're both singing from the same song sheet when it comes to what to do with athens it comes of course shortly before the greek prime minister heads to paris for talks with all and hopefully there will be a consensus between germany and france over what to do before then as far as the greeks a concerned they're looking for this next round of bailout money which i

eleven billion euros worth of cuts before the next round of bailout money which is jus shortly francois hollande in france saying this well they're a little bit more flexible when it comes to greece though this meeting that's going to take place here is. really to try and make sure that they're both almost singing from the same song sheet when it comes to what to do with athens what is interesting is over the last few weeks we've seen greece really drop out of the headlines but the the bare facts are that well things haven't improved that it's not being jus to to good news economically that greece how can it be making headlines things have continued this as badly as ever really with unemployment still on the rise the country is still in recession and turning over negative growth so the problems in greece haven't gone away the story may have this appeared from the headlines shortly but the problem still there and that's what's going to be discussed when the french president meets with the german chancellor here in berlin the greek dilemma may be wildly discussed at the top right now but one globa

political authority and do you think we have but this could be provided by the french president francois hollande he said that if the syrian opposition formed a government he would recognize it you really do feel that is possible i don't think that france is claiming to be able to help establish that government it is only saying if the opposition establishes such a provisional government prances willing to recognize it now recognition will of course be vital extremely important but the opposition has to come up with its own process to produce a legitimate provisional government this is currently under a very serious discussion and preparation now the syrian opposition has once again as we're reporting today called for a no fly zone over the country what do you think about that is that the right way to go.

the long way lies ahead for greece with french president francois hollande declaring any leniency forathens would depend on its austerity performance and how much were made at a meeting between the french leader and the greek prime minister on the on is some modest paris the p.m.'s appearance was the last in a series intended to convince european leaders to cut some financial slack gray says it will do all it takes to stay in the currency bloc that says it needs a breathing space to carry its hummer aging collimate asset management specialist philip of war drawn believes that's a long shot. greece is bankrupt i think there's no discussion about that today and it hadn't been two or three years ago even with the hardest possible were a lot of. extremely or very greece won't be able to pay back the huge amount of that they have loaded to their shoulder this whole only one way of rescue gaining of competitiveness in greece and this is the exit from the eurozone. politicians always argue there are enormous cost in war with the exit of greece that's perfectly right but what is the amount of

political authority and do you think we have but those could be provided by the french president francois hollande he said that if the syrian opposition formed a government he would recognize it you really do feel that is possible. i don't think that france is claiming to be able to help establish that government is only saying if the opposition establishes such a provisional government france is willing to recognize it now recognition will of course be vital extremely important but the opposition has to come up with its own process to produce a legitimate provisional government this is currently under a very serious discussion and preparation now the syrian opposition has once again as we're reporting today called for a no fly zone over the country what do you think about that is that the right way to go. i think this is something that the syrians have been longing for and particularly since they have liberated certain areas of the country at that price a very very heavy sacrifices now calling on the international community to protect those liberated areas i think is a more compelling demand that

eleven billion euros worth of cuts before the next round of bailout money which is jus shortly francois hollande in france saying this well they're a little bit more flexible when it comes to greece though this meeting that's going to take place here is really to try and make sure that they're both singing. from the same song sheet when it comes to what to do with athens it comes of course shortly before the greek prime minister heads to paris for talks with all and hopefully there will be a consensus between germany and france over what to do before then as far as the greeks are concerned they're looking for this next round of bailout money which is worth over thirty billion euros without which well greece is pretty much guaranteed to default and be kicked out of the euro zone of this up for discussion as it stands at the moment which will be talked about here in berlin what is interesting is over the last few weeks we've seen greece really drop out of the headlines but the the bare facts are that well things haven't improved then it's not being jus two to good news economically that greece has

currencies the year is down before the german chancellor angela merkel and french president francois hollande will meet the great prime minister today to discuss the pace of reform and that brings us all to the european equity markets they are heading for the first weekly drop in twelve after disappointing u.s. economic force and the general sluggish progress in fixing europe's debt crisis meanwhile britain's economy shrank less than first in the second quarter but remain stuck in a double dip recession and greece has proposed selling some of its islands because younger ones it has one last chance to avoid bankruptcy the eurozone finance chief says it would be a case of getting rid of the island rather expected to lease the land for decades so developers can build lots of hotels and holiday homes it comes as leaders from athens calls to change its bailout terms if greece doesn't get its massive next tranche of cash it will default on lines and karen parenting all on the website to slash business and i'll be back about fifteen minutes with more updates on market thanks a lot kitty coming up cr

and cars were set on fire while police were shot at sixteen officers were injured president francois hollande has vowed to get the situation under control by sending in reinforcements violent riots in france has become a common occurrence in recent years with a sense of unease persisting in the many poor ethnic neighborhoods. at least thirty two protesters have been arrested in chile after clashes with police erupted in the capital santiago over five hundred people mostly students rallied in one of the busiest streets of the city and tried to block traffic and protest at the current education system police used water cannon to break up the crowds before clashes broke out protests have rocked chile for over a year now as activists demand reforms to make education free. firefighters are still battling wildfires on one of spain's canary islands after nearly five thousand people were evacuated over the last few days the blaze started ten days ago but authorities are struggling to contain it due to strong winds and dry vegetation some three thousand have terms of learned have already been destroye

the moment i'm glad merkel wants to see cuts and the timetable of cuts and here to stringently francois hollande from france seems a little bit more willing to bend and to give a little bit of leeway because the reality is if greece isn't given extra time then they're going to have to cut even deeper and it's those deeper cuts that are just going to mean more protests we're going to see more violence and when to see more suffering for the people of greece. and was just hours to go before angela merkel needs her greek counterpart there is more bad news for our finance the leader of germany's reeling party has categorically ruled out any renegotiation of the bailout conditions and more now on on their what's on the stakes here with a fairly full tranche chief strategist at last bank of on start asset management for thank mr brown hello it's still too early to say whether greece will get its break but do you believe there's any patients left with afternoons in the. we think finally the politicians will try again and give greece another chance we don't think that's the right way to do and to walk bu

grips the country the united states is now considering taking military action french president francois hollande has called for the syrian rebels to form a provisional government president obama has also put pressure on the regime and emphasize that military intervention is not off the table so it looks like the west is on the brink of another military conflict but you wouldn't know it watching the mainstream headlines the tropical storm isaac churning out in the gulf of mexico gaining strength taking aim at the gulf coast potentially headed toward new orleans and then there is the republican national convention is my privilege to proclaim the two thousand and twelve republican national convention in session and called to order. we're quite literally looking at a hurricane here in florida we're looking at a political hurricane in our own country we are looking at a spiritual hurricane in our land. well to answer the question of whether or not the mainstream media is failing to give syria proper coverage i was joined by ressa baker founder and editor in chief of who what why dot com and author of

on thursday merkel and francois hollande will be meeting.friday, greek is expected to ask for more lenient bailout terms. it's a number of weekend press reports suggesting berlin's top politicians will refuse to grant athens any further concessions. german foreign minister will hold a news conference with his counter part in berlin. >> german newspaper saying the ecb is considering a plan to buy peripheral bonds each time yields move above a certain spread. the paper says the ecb governing council will vote on the plan at its september policy mighting. the spanish government wants the ecb to commit. he said the bank should not place a limit on how much it should buy or express how long it will intervene. and rothschild has demonstrated a lack of faith in the euro. a roirnt the uk's daietaiaily telegraph made a bit against it. with all the news on the european front i imagine you're watching pretty closely this plan of the ecb to potentially buy sovereign spread of sovereign debt once they reach above a certain level? >> watching that very cl

liz: german chancellor angela merkel and french president francois hollande meeting today to discuss possible extension of greece's bailout package. >> we have someone who says they should ease the stance of the bailout. he a professor of economics at nyu. he joins us now. nicholas, what happens to greece and europe in general if greece has to leave the euro? >> that would be a complete disaster both for greece and europe. david: how? in what way? >> well, first of all, there would be a run on the banks in the transition from, of greece to a new drachma. that is problem number one. problem two, there is going to be very high inflation as the new drachma gets heavily devalued against the euro. third, the new greek government is going to print a lot of drachmas. so that will be creating even more inflation. and people are going to see in greece their incomes fall dramatically. so that is a disaster for greece. what about the rest of europe? first of all they're going to repercussions, financial repercussions because of bilateral agreements over banks and greek companies with european a

as the viewers know, there is a new president of france and he is a socialist and his name is francois hollande, and his opponent was criticized for being too rough on them, and now the critics are saying, look at this socialist government, and here they come around and they are elected and do the same thing. the crackdown was harsh according to the critics, because we are talking about police officers in riot gear raiding the camps, and making 0 or 300 people homeless, and putting them on a flight giving them $300 apiece back to romania. now, the french government is saying that this is entirely voluntary. but critics are saying that these are, this is disguised deportation of the people. they have a culture, and the gypsy culture, and they live in encampments and they are nomadic and travel around and not being allowed to do that in france, and the french government say absolu absolutely not, illegal immigrants and not allowed to live here and work here without a worker p mitt, and there is the situation in france with these r these roma. >> and there is always a back story, and why the focus

then you've got french president francois hollande talking about spending more. where do you fall into this picture, austerity or spend our way out of this? >> well nobody likes austerity but the realities there is no money to spend. so no matter how sympathetic you may be with the french president hollande that is really a route that can not be taken. i think merkel is right. the european countries need austerity but they also need structural reform. they need to become more competitive. they need to move to a more flexible labor market. they need to rethink their taxation system. they really need to reduce the red tape for their economies. they need to go back to a growth path that we really had from the old continent and move forward. sandra: all right. so there's this idea being floated of a universal bond for the e.u.. do you like this idea? >> if they goal is going toward greater fiscal inat that dprags across your peent countries i think this universal bond will eventually come and will play a role. the point is how we get there. this not a way to transfer

european leaders, angela merkel and francois hollande, are meeting this week to hammer out the problemsgain. >>> our third story "outfront," an autopsy report just released shedding light on the mysterious death of 21-year-old chavis carter. a medical examiner says that carter committed suicide on july 29th after he was arrested for marijuana possession. he died from a gunshot wound to his head as he sat in the back of a police cruiser with his hands cuffed. something his family says is not possible. benjamin irwin is the attorney for chavis' mother and grandmother and he came "outfront" earlier today. i started by asking him his reaction to the autopsy report. >> i think it's important to note what's in the medical examiner's report. what's in there is an evaluation of what actually occurred medically to chavis that night with a gunshot wound, the gun was very close to his head. what we don't know from the medical examiner's report is who fired that gun? there was no gun residue test that was done that was made available to us. was he tested for gun residue? were the officers on the sc