this is next to nothing compared to the bailouts that the international community including the i.m.f. school provides for some countries that are facing difficulties because of the crisis and certain post-crisis developed. probably about this one so far problem it's just a way for us to some money for issue. period in order to stabilize completely stabilize the currency for all sectors. histories are doing well already greek culture is doing well but we have enough foreign currency to take care of our production needs. we do have some difficulties providing foreign currency for a net importer of. companies that don't export and i think and that only imported goods here or less. we have practically no need of intervention with our currency exchange offices. we can work with the currency that people sell to the banks and buy from the banks. suffice it to say that over the past few months people have been selling and proximately. in an eighteen to two hundred twenty million dollars a month but. the same amount of business in the myths you know all of this is quite a substantial figure. with its

i.m.f. chief sets out her school for the media's eyes remained fixed on her predecessors sleazy scandal and. the un's findings into last year's a fatal gaza aid flotilla raid or do you put israel refuses refuses to use me to apologize to turkey for killing and nine of its citizens on board. and the little light show increasing numbers of laser hooligans are endangering air passengers in russia blinding the pilots as they were. a very warm welcome to you this is r.t. live from moscow i'm a rover some say germany's finance minister wants to curb the power of the dominant credit rating agencies that x. cannot make or break economies so most recently causing a euro stock plunge off the downgrading portugal's debt to junk germany is at the heart of propping up failing nations meantime but is now questioning whether the bailouts are legal for some economists the current strategy is just maintaining the pain. now looks like a push call will need a second bailout some point in the future and that it could default puts it in the same sort of financial problem as greece and it could have sensible fina

for schools to become the first the former i.m.f. chief and potential french presidential candidate how many strauss kahn is about to face new sexual assault allegations a french writer who claims he attempted to rape her in two thousand and three has decided to press charges it's one of the case of a new york hotel maid who also constructs kind of sexual assault case was badly weakened after prosecutors admitted her credibility had been compromised from sconce fellow socialists fear the new allegation could ruin his chances of running for presidency want to discuss the situation and i joined by pier gov he's a professor of political science at parris west university here the force thank you very much indeed for joining us firstly why do you think this latest alleged victim waited so long to bring these charges well actually says she was discouraged by her mother was connected to the socialist party and also this woman is connected to a friend that's true scans towards. his second wife. in a t.v. interview she mentioned she had been

simon johnson, former chief economist for the i.m.f., is a professor at the m.i.t. sloan school of management and a fellow at the peterson institute for international economics. mark weisbrot is co-director of the center for economic policy and research. he studies international economic issues. welcome to you both. let's just start with the broad question-- for debt-strapped countries, like greece, do austerity-- a combination of tax exphikz deep spending cuts, does it work? >> it's painful. there's no question about it. you're seeing that right now in greece, but sometimes, unfortunately, it's unavoidable. you can argue about the pace of the austerity, perhaps find a better way to do it, have more financial support from outside the country but when you're in the wagz greece is in, it's very hard to find an alternative that doesn't involve austerity. >> warner: mark weisbrot. >> i think there are always alternatives. if your unemployment has doubled and economy is expected to shrink just as much next year as last year and you're making massive budget cuts and tax increase. ther

i.m.f. instead of being able to deal with the mass themselves or to go to school has been to become. the cash in spain is going mainly down the drain at least that's the opinion of thousands of people who have rallied across the country like you who are going to follow in the footsteps of latin american countries take care of my mexico the government is controlled by the european bank and now w t l they don't care about the people. so the people decided it's time to voice their concerns loud and clear before the lose more than just the shirt off their back spain has one of the highest unemployment rates in the eurozone so while the european leaders have been occasionally meeting and comfortable quarters to talk about the future of the hero and the european union itself people in the country have been demonstrating on an almost weekly basis demanding the government shape up stop talking and do something about the situation this is not just about higher wages and better pension plans with more than forty percent of young people in spain unemployed simply getting a job is a priority for

or when they go to school reporting that still ahead for you this hour here on our to you the. i.m.f. chief is about to face fresh sexual assault charges we hear how there's likely to be a very different kind of foul play behind the cloud. plus the russian children with a rare skin disease who are deprived of state support for their condition now one parents taking the fight to the heart of the medical establishment. while libyan officials say that they have intercepted two boats are from qatar carrying a cache of weapons for rebel forces in the country it's said that the load included about one hundred belgian made assault rifles along with thousands of rounds of ammunition so far only the french admit to supplying weapons to libyan anti government forces prajna johnson thomas a former arms trafficking expert for the un security council says it's a dangerous violation of the arms embargo. seems to me very strange we're going about it i mean i thought the arms embargo was laid down by the security council was quite clear that it was arms to both sides were embargoed we know that for

schools of people in the capital and. the new york hotel maid who accuses the former i.m.f. chief of sex. assaulting her has gone public. has told newsweek magazine that she's telling the truth about the attack in may and wants to see dominic strauss kahn behind bars parties the authorities are considering whether to drop the charges against him amid doubts over her credibility trust can still denies all the charges are true. while heroin addicts in russia are turning to a cheaper deadly alternative and it seemed greedy and all too easy to get ahold of the drug cocktail known as crocodile and its main element is the painkiller coating which now the government wants to restrict sales of you've got a national reports on the lethal narcotics increasing use and you may find some of the images disturbing. they call that crocodile because it's uses skin turned scaly before it falls off virtually unknown ten years ago it's a mixture of spiritual solvents phosphorous and most importantly cheap medicines containing the pink. it's now become rich the second most popular drug of the heroin which is the cheaper more easily availabl

schools or people in the capital suburbs. the new york hotel maid who accuses the former i.m.f. chief of sexually assaulting her has gone public. has told newsweek magazine that she's telling the truth about the attack in may i want to see dominique strauss kahn behind bars to authorities are considering meantime whether to drop the charges against him amid doubts over her credibility trust god meantime i do not support the charges. hundreds of gay couples who got married in new york on sunday the american state has become the sixth and the most populated to recognize same sex unions i do began midnight to the cheers and the applause of friends and family be about thousands. rallies all across the state. heroin addicts in russia turning to a cheaper deadlier alternative ingredients are all too easy to get ahold of the drug cocktail known as crooked up and its main element is the painkiller coding it's now the government is trying to restrict sales of. reports on the lethal narcotics increasing use and you may find some of the images upsetting. you don't even know what they call

school people in the capital and in the suburbs. of new york hotel maid who accuses the former i.m.f. chief of sexually assaulting her has now gone public now has told newsweek magazine that she's telling the truth about the attack in may and wants to see dominique strauss kahn dance parties the authorities are considering whether to drop the charges against him amid doubts over her credibility trust can continue to deny all the charges. her in addicts in russia turning to a cheaper alternative ingredients are all too easy to get ahold of the drug cartel is known as crocodile and its main element is the painkiller kodi in which the government now wants to restrict sales of. reports on the lethal narcotics increasing use and you should be warned that you may find some of the images disturbing. if you don't want to be called crocodile because its users can turn securely before it falls are virtually unknown ten years ago it's a mixture of petrol solvents phosphorous and most importantly cheap medicines continued painkiller coding it's now become rich the second most popular drug of the

i.m.f.? >> it gives us a better longevity. that's for sure. and talking of longevity, my time is to be here for the next five years. >> lagarde spent part of her school days at this girl's private school just outside washington. she also made her name as a lawyer working for a u.s. legal firm. and it all goes down very well with the americans. but they're not the only ones she's going to have to win over. most i.m.f. officials are economists. she is not. she was the first woman to chair the u.s. law firm baker mackenzie. that makes her more than ready to manage the fund, even the economist. but she also has to help the fund forget the arrest of her predecessor, dominique strauss-kahn, on sexual assault charges which might now be dropped. >> suffered a shock, obvious. you don't lose a managing director overnight without suffering as a result. >> and then there's the biggest item in her entree, the euro zone crisis, which she admits could have been managed better. >> the solution that we will have to reach will concern everybody. >> including investors? >> private sector, international institutions. if they're asked to contribute and participate. and i