to an end with china and japan now trading with each other in their own currencies is the international monetary. mine. too much brighter than. some from phones to parachute. screens stunts on t.v. dot com. violence flares in syria with renewed fighting in the central city of homs and a growing concern and even more casualties fears the country sliding into civil war stoked by a un admission that the peace plan is failing brush or proposes a conference to be held on neutral ground to get the plan back on track. first round alexion results said present belongs party on the way to will majority inferences parliament with a decisive second round two sudden. russian police raid the homes of prominent opposition figures in connection with the boxes of last month's protest rallies organizers have also been summoned for questioning ahead of another massive demonstration set for tuesday in central moscow. more headlines in half an hour next. blowing welcome to cross talk on peter lavelle deep taking the dollar is the era of the greenback finally coming to an end with china and japan now trading with eac

obama urged him to cooperate with officials from the eu, international monetary fund and the european central bank. samaras said his government is committed to the austerity plan required for billions in help from the eu but said he intends to ask for some of the spending cuts to be eased. samaras outlined plans to promote economic growth while cutting debt and a freeze on laying off employees. he will miss a two-day eu summit in brussels. he is recovering from eye surgery. moody's cut the ratings of 28 spanish banks it is another blow to spain after lowering the assessment of bonds earlier this month to just about speculative status. the latest bank downgrades range from one to four levels. the largest banco santander a two-notch reduction to be aa-2. the largest bank, affected, bankia was also cut by two levels to the speculative rating of ba2. many other banks are also now considered below investment grade. moody's says the downgrades are due to a forecast rise in uncollectible loans due to the collapse of spain's real estate bubble, and that is in addition to the impact of the rat

to an end with china and japan now trading with each other in their own currencies is the international monetary fund. fear spreading across syria over the weekend reportedly leaves dozens dead this is moscow continues pushing for an international conference to resolve the crisis and the u.n. admits neither side is sticking to the peace plan. madrid asked the eurozone for one hundred billion euros to shore up struggling banks and becomes the largest economy yet to seek a plan lets pain avoid additional cuts imposed from the outside as happened in the case of greece ireland and portugal. boosting trade tackling the crisis in the middle east eurasia is too big his country cement their partnership this week as russian president vladimir putin visits china. more news in about fifteen minutes but first sports. hello welcome along with the world of sports hey it's what we call coming up the waiting game rafael nadal and novak djokovic to complete their french open final on monday as rain spartans play with the spine even by two sets to walk. ready to rule all voyages england squad arriving don't yet h

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 paint ap picture this is specific just to the banking sector and will not affect spain's sudden death. also a big problem, but admits this will be government debt coming in from europe to spain to be distributed to the bank. >> al goodman, thanks so much from madrid. >>> in syria now -- rebel forces and the syrian military are battling it out in the city of homs today. explosions and gunfire could be heard most of the morning and reports anti-government activity in the capital of damascus and dozens killed around the country. >>> and now to afghanistan where four french soldier, died in a suicide bombing today. it happened in eastern afghanistan. a government ministry spokesman tells us th

now set amount was giving for the bailout, but a report from the international monetary fund said the country will need at least $50 billion to get back on its feet. president obama expressed concerns this week that the european crisis could threaten the u.s. economy and the recovery, but we'll be taking you to spain in a few minutes for a perspective from there with a live report. >>> all right, now to syria. rebel forces and the syrian military battled it out in the city of homs today. explosions and gunfire could be heard most of the morning. there are also reports of increased anti-government activity in the capital of damascus, and dozens have been killed around the country. the opposition also said doctors are being detained to prevent them from treating the wounded. >> the child sex abuse trial of former penn state assistant coach jerry sandusky starts monday. eight of the 12 jurors have some connection to penn state. but that doesn't necessarily guarantee sympathy. legal experts say the jurors may blame him for tarnishing the university's image. sandusky faces 52 counts of sex

to an end with china and japan now trading with each other in their own currencies is the international monetary. top stories are not a fresh violence flares up in syria blasts in the city of homs of flames and black smoke rising from ruin buildings that's as un observers struggle to make a difference in the conflict torn country. present lines socialists and the allies secure a majority in the first round of the french parliamentary vote forty six percent when you could see on and secure the lower house and received a powerful mandate for his reform plan. and police searched the homes of several russian opposition leaders and call them in for questioning the search was ordered by court in connection with clashes of an anti-government rally last month when both protesters and riot police were injured. but with a news team with more on those stories when fifteen minutes from now in the meantime paula is next with all the latest sporting action. thank you very much but welcome to the world of sports here is what we've got coming up history is made rafael nadal beat bjorn borg record of six french

mexican president and summitt host calderon is pushing for record donations no the international monetary fund to help bolster its ability for more bailouts in europe. >>> fox 5 morning news at 4:30 starts right now. south a live look outside right now courtesy of our tower cam. the skies of washington lit up for your monday morning. it is june 18th. comfortable outside right now but that could be changing. we'll see. i'm will thomas. >> i'm sarah simmons. let's say hello to tucker barnes. >> good morning. as with get into the middle of the week, it will be very hot and we've got a few showers in the forecast. starting with right now. let's get to the hd radar. we have clouded up. maybe we should mention the beautiful weekend. >> oh, yeah, it was gorgeous. >> can't complain about a little rain now. >> we've got a couple of showers coming through. you can see them on the west side of the beltway. no thunderstorm activity, just showers. this is the leading edge of warmer, more humid air that will be moving in. we can't enjoy 7 and sunny all the time. >> why not? >> by the end of the week, w

to an end with china and japan now trading with each other in their own currencies is the international monetary. if. russia would be so much brighter if you knew about sound from funniest impressions. his friend starts on t.v. dot com. the official. video. feeds the palm of your. top stories now. fresh. flames and black smoke rising from buildings. secure a majority in the first round of the french parliamentary vote. of prominent figures in connection with clashes at a major. engine. that's it for me the news team for the moment will be here in half an hour as the news continues and meantime with the dollar and the euro's future looking round the bleak on the world markets peter lavelle in these guest specular speculate about the alternatives that's in crosstalk next here on r.t. . and. blowing welcome to cross talk i'm peter lavelle deep aching of the dollar is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary in financial order fundamentally changing and if this is the case who are the winn

the booming breaks economies challenge america's long standing dominance over the international monetary fund as a group of twenty most industrialized nations believes in mexico. u.n. monitors say they're staying put in syria despite having suspended their mission after a spate of attacks targeting them the observers are now asking for safety guarantees from the syrian factions but so far only the government has agreed with the opposition failing to follow suit has more. the head of the united nations supervision mission in syria general robert mood briefed the u.n. security council on the state of syria and more importantly his decision to suspend the mission's activities according to general mood supervision mission in syria can resume once he feels that the observers will be safe and secure as they monitor syria he says the government has made a commitment to ensure the safety of the u.n. workers but so far the opposition group has not the commitment of the government the opposition to the safety and security of the freedom of movement of the observers the government express that it c

to an end with china and japan now trading with each other in their own currencies is the international monetary in financial order fundamentally.

to an end with china and japan now trading with each other in their own currencies is the international monetary. brightening if you. see from funds to impression it's. nice clean start on t.v. dot com. the fresh violence flares up in syria blasts in the city of homs with flames and black smoke rising from ruin buildings. a lift for the french left president socialists and their allies secure a majority in the first round of the parliamentary vote paving a poll for reform. and police searched the homes of prominent russian opposition figures in connection with clashes at a major rally last month which left both protesters and offices in top stories. around the world around the clock international news and comment live from r.t. a series of explosions have rocked the central syrian city of homs with clowns a smoke seen rising above the city's skyline this is un observers struggle to make a difference in the conflict torn country while international calls for military action growing louder. has the latest from syria. the opposition activists have been accusing the syrian army of shelling the resid

to an end with china and japan now trading with each other in their own currencies is the international monetary. fund to be soo much brighter if you move out sound from finance to impression so.

the mex can president and summit host is pushing for record donations to the international monetary fund to help bolster its ability for more bailouts in europe -- the mexican president and summit host. >>> greeks voted the conservative party into power ensuring that for now greece will remain in the european union. they are set for begin talks to to form a coalition government. -- they are set to begin talks to form a coalition government. >>> in egypt, the muslim brotherhood says its candidate has won the presidential election. the islamist group claimed victory early this morning following two days of voting. the official final results from the weekend's elections are not expected to be released until thursday. >>> prosecutors in the jerry sandusky molestation trial could rest their case today. that means the defense could begin putting on its own witnesses early this week. attorneys for the former penn state assistant football coach have suggested sandusky may testify. his wife could also be another potential witness. sandusky is on trial for allegedly molesting 10 boys over 15 years

on top of this, german government pays into the international monetary bailout scheme. 140 billion of that is coming from berlin. this is the cost to german taxpayers for propping up the euro. it is not far off twice germany's national budget. >> france's elections confirm to the -- confirmed the allies to the new president francois hollande. >> that means hollande moved quickly to implement reforms he promised in his election campaign earlier this year. the socialist reform agenda includes reprising -- increasing taxes on corporations and hiring more teachers or schools. aung san suu kyi has attended a meeting in oslo. >> and the rock singer bono is also attending. he is due to present her with an amnesty international work in dublin on wednesday. >> and the games for the european soccer championship are under way. >> we have some other stories from around the world. >> chinese astronauts have entered the laboratory for the first time. the space ship docked with the lab earlier. this is another step toward china's first space station, which it expects to build by 2020. >> israeli sol

to an end with china and japan now trading with each other in their own currencies is the international monetary and. down to the official t.f. location. i pod touch from the. life on the. video on demand. build costs and r.s.s. feeds now in the palm of your.

to an end with china and japan now trading with each other in their own currencies is the international monetary. the official. i pod touch from the. video on demand. and r.s.s. feeds now in the palm of your. call. syrian rebels call for foreign intervention and more weapons with violence reportedly raging outside the capital. a lift for the french left president socialists and their our lives secure a majority in the around the first round of the parliamentary vote paving a power forward form. and police searched the homes of prominent russian opposition figures in connection with clashes at a major rally last month which is that both protesters and officers injured. from our studios in central moscow you're watching r t with me and he said now it's six pm here in the russian capital as u.n. observers struggle to make a difference in conflict torn syria international calls for military action are growing louder the new syrian opposition leader has demanded intervention even if it means bypassing international law the head of the group also made a plea for more arms for the rebels you know out d

. >>> the international monetary fund says it's crucial for japan to double its consumption tax to demonstrate its seriously about reforms. managing director david lipton announced funds annual review of japanese policy issues in tokyo on wednesday. >> japan must tackle its deep reetd fiscal problems. problems of tax and social security reforms is thus crucial to demonstrate commitment to fiscal reform and thus to sustain investor confidence. >> lipton said it must be doubled by stages by 2015 and recommend increase of at least 15% eventually. he also noted that japan needs the reforms urgently because its government's budget is saddled with heavy debts. the imf point owed ut that japan's net public debt is higher than other advanced countries and is expected to rise further unless they take steps to put their fiscal house in order. >>> the currency is somewhat overvalue educad indicated it i. japan is aiming to make its next generation tv technology an international standard. the ministry of internal affairs and communications unveiled its basic strategy at a symposium on new generation tech

argument from tested principle, the purpose being to establish optimum monetary standard for a stable growing, equitable international economic and social order. by the test of centuries, the gold standard, the true gold standard, without reserve currencies is the least imperfect monetary system of history. thank you, and over to mr. grant. >> well, just as lew said, we humans are not very good with money and especially not very good with paper money. for 41 years and counting, the dollar has been a piece of paper of no intrinsic value and over these 41 years our banks have become ever wobblier on the authority of ben espernot, phd, a dozen major financial institutions were at death's door in 2008. in that our great recession, the u.s. economy shrank by a few percentage points only, yet no major bank failed in the ugly depression of 1920/21, and no major bank failed in the still uglier depression of 1929/33. between 1929 and 1933, the economy was virtually sawed in half. imagine what records thwreckaged do today in our subsidized and cart alliesed financial system. today's bankers, i suppose, are no less capable than

. >>> a source tells reuters, former international monetary chief, dominic strauss-kahn and his wife separated after his headline-making sexual assault case in new york and involvement with a prostitution ring. >>> some of the world's most spectacular diamonds will be on display at buckingham palace in london. they are displaying the priceless, historic jewels until october. >> your first look at this morning's dish of scrambled politics >>> the white house released a photograph of president obama in the oval office appearing relaxed and happy after the supreme court decision upholding the health care law. earlier, the president was worried because of first reports that said the court struck down the law. in official statements after misreporting the ruling from the justices, cnn apologized for the error and fox news channel said it reported the facts as they came in. >>> an aide to republican candidate mitt romney told politico that within hours of the high court decision, the campaign raised more than $3 million from small donors that opposed the law. >>> on cnn, rick santorum reac

but the international monetary fund says if the debt crisis lead to global recession, china's growth could fall to 4% in the worst case. the growing concern about downward spiral in which china's slower growth threatens the global economy. we need to keep a close eye on how china's leaders react to economic problems in europe >> right, thank you very much. >>> we have a handful of japanese economic indicators for you. the employment rate improved in may for the first time in three months. the internal affairs ministry on friday said the country's jobless rate came in at 4.3%. that is down 0.2% points since april and marks the first decrease since february. the ministry said the number of people without a job was just under 3 million while those unemployed numbered about 63 million. meanwhile, job availability rose for a 12th consecutive month. the labor ministry said there were 81 positions for every 100 jobs. the ministry says the job situation is showing signs of improvement in the disaster-hit northeast. businesses have not yet fully resumed in marine product processing, which is

actually analysts from the international monetary fund have recommended that japan eventually increase the consumption tax to at least 15%. >> noda faced opposition with his own party in 57 of lawmakers did not support the bills. how will this affect his administration? >> i just said, noda has repeatedly said he will risk his political career on this issue. so now he may say that he fulfilled his promise. at the same time, once again, as i said, 57 lawmakers of noda's own party did not support the bills. that's about 20% of the ruling dpj. the democrats will lose their majority in the lower house if more than 54 lawmakers left the party. and that would open up the possibility of a nonconfidence motion. in that case, prime minister noda will be forced to dissolve of the law of house and call a general election or he will have to simply resign and that could happen in the near future. >> thanks as always. for a closer look at the likely impact of this extra tax, my colleague ron madison spoke earlier with an executive fellow at the research institute and an expert on the japanese econom

. >>> a source tells reuters former international monetary chief dominique strauss-kahn and his wife have separated after his headline-making sexual assault case in new york and allegations of involvement with a prostitution ring. >>> and starting tomorrow some of the world's most spectacular diamonds will be on display in buckingham palace in london as part of queen elizabeth's diamond jubilee celebration. they're displaying the priceless and historic jewels until october. >>> and now here's an early look at how wall street's going to kick off the day. the dow opens at 12,602 after losing 24 points yesterday. the s&p was down 2. the nasdaq fell 25. >>> taking a look at overseas trading this morning, in tokyo the nikkei spiked 132 points, while in hong kong the hang seng skyrocketed 416. >>> progress on europe's debt crisis could help stocks recover some of thursday's losses. asian markets rally this morning after eurozone leaders agreed to take emergency action to bring down italy's and spain's borrowing costs. the group also agreed on new bank supervision and okayed bailout funding

actually, analysts at the international monetary fund have recommended that japan eventually increase the consumption tax to at least 15%. >> noda faced opposition with h his own dpj party and 57 of his lawmakers did not support the bills. how will this affect his administration? >> i just said noda has repeatedly said he will risk his political career on this issue, so now he may say he fulfilled his promise, but at the same time, once again, as you said, 57 lawmakers of noda's own party did not support the bills. that's about 20% of the ruling dpj. the democrats would lose their majority in the lower house if more than 54 lawmakers left the party. and that would open up the possibility of a nonconfidence motion. in that case, prime minister noda will be forced to call a general election or he will have to simply resign and that could happen in the near future. >> thanks, as always. >>> more than 200,000 people died in the battle of okinawa during world war ii. it ended on june 23rd, 1945. events to mark the anniversary took place on the weekend. for one 90-year-old woman, though, th

officials from the european union and the international monetary fund demanded spending cuts in return for the billions of dollars in aid. the coalition of the radical left led those opposed to austerity. party leaders argued the package of spending and job cuts brought greeks more pain. the party finished a close second with around 26% of the vote. >> translator: we'd like to play a major role as an opposition party. >> reporter: so now samaras faces another round of talks to form a coalition. he is expected to pick his former partner in the passive party once again. the two parties won a total of 162 seats of the 300-seat parliament. together they could have a majority. >> translator: if we really want greece to remain in the euro zone and get out of the crisis for the benefit of every greek family, we need a government by tomorrow. >> reporter: samaras chose the path of austerity. the result should put them back on the road. >> translator: let us wish the new government the best of success. greece needs it. >> reporter: they're already discussing what happened here. they are gatheri

the international monetary fund was looking for more funding and negotiations at the summit in pretty much got what it wanted. >> it is the big imf war chest. this is all about the imf having enough funds to try to detain a further -- contain spreading the reserve crisis. the head of the imf has been on a bit of an offensive over the possible of months trying to encourage as many countries as possible to contribute. just as the imf has the funds for the global initial stability. i have to say, she was very impressed with how many contributed. 37 countries contributed. that is a very broad, global commitment. let's take a look at some of the breakdowns. i have created this for you. the original target was 430 billion. but they actually get is 456 billion. the biggest contributor, japan. japan was $60 billion. they are an economy that relies on exports, so it relies on a very healthy global economy. >> it needs people. >> exactly. next in line comes the brics. there was always a debate about just how much they would contribute. there it is. the biggest contributor was china, the world's

i am joined by douglas to served on the executive board of the international monetary fund and currently a senior fellow at the new america foundation. let's start with that challenge that we just heard. the central banks, politicians, to sort this out. you have that the insider's view. can they? >> policymakers, and i know your viewers will probably not agree with this, but they may surprise to the upside, and by that what i mean is the last two years, we have come really close to a really big crisis. almost falling off of the clip. -- cliff. they brought us back from the abyss. policymakers have at the 11th hour stepped up and done something. not everything, but something to bring us back. and we are at that point when they are being asked to do so again. >> is this a last straw? >> no, i think there are many more straws to come. policymakers and politicians and the bank, each one of those has their own political and financial interests. this could be rather simple to solve, but it is not, and that is the problem. have you do this among these various components? how this ends well and

. >>> a senior official of the international monetary fund has backed japan's plan to increase the consumption tax rate. imf first deputy managing director david lipton is visiting japan for the imf's annual review of japan's economy. he met japan's finance minister azumi on monday. >> we are very supportive of what you're trying to do and see this increase in consumption tax as an important step for japan in dealing with its fiscal issues. >> the noda administration is trying to pass a tax bill before the end of the current diet session on thursday next week. lipton and azumi also agreed to try to calm fears about europe's debt problems. they'll press spanish banks to disclose information on any bad loans they hold. they also agreed to urge european countries to use the upcoming g-20 summit to address financial problems and limit the impact of the debt crisis around the world. >>> managers at japanese companies seem to be suffering through a bout of pessimism. officials at the finance ministries say the business sentiment index for major companies edged down 0.4 points to minus 3.1 in the apr

officials from the european union and international monetary fund monitored spending cuts in return for the billions of dollars in aid. the coalition of the radical left led those opposed to austerity. party leaders argue the package of spending and job cuts only brought greeks more pain. the party finished a close second with around 26% of the vote. >> translator: we'd like to play a major role as an opposition party. >> reporter: so now samaras faces another round of talks to form a coalition. he is expected to pick his former partner in the pasok party once again. pasok came in third. the two parties won a total of 162 seats of the 300-seat parliament. together they would have a majority. >> translator: if we really want greece to remain in the eurozone and get out of the crisis for the benefit of every greek family, we need a government by tomorrow. >> reporter: samaras urged the greeks during the campaign to choose the path of austerity. the result should put them back on the road. >> translator: let us wish the new government success. greece needs it. >> reporter: world leaders ar

international monetary fund cause a boost, too. its resources are said to be stocked up to help stabilize the global economy. >> after the break, we will be getting an update from the united nations conference on sustainable development, which is open in the brazilian city of rio de janeiro. >> doing a bit of some hopping. there has already been some controversy. we'll talk about it a bit more after the break. >> stay with us. >> welcome back, everyone. protecting the environment and reducing poverty -- those are the goals of the rio +20 some of that is under way in brazil. >> at the opening ceremony, the united nations secretary general said time was not on our side. ahead of the summit, negotiators agreed to a draft communique, which focuses on encouraging grain economic growth and boosting united nations efforts to protect the environment and promote sustainable growth, but many environmentalists say the statement does not go far enough. >> the summit in rio de janeiro is expected to produce a huge document on protecting the env

. >> reporter: ading to the international monetary fund, north korea's top trade partner is china, itsistorical ally. the eu ranks fourth. this man has spent the last two decades trying to strengthen europe's trade ties with the north. he's dutch business consultant paul tia. back in the 1990s, he wanted to outsource computer software development overseas to save costs. he came across a north korean company. he has worked on developing ties with pyongyang ever since. for the past three years, he has organized and led annual trade tours in north korea. >> the political relationships are not very well. and for this reason, they are forced to go to europe. and europe is a little bit between the united states and i would say other countries. >> reporter: tjia says timing might be right for european businesses to pursue opportunities in the north. china has been a manufacturing hub for europe. but chinese labor costs are rising. north korea's labor costs are about half of china's. tjia recently explained other pros and cons of doing business in north korea to european textile industry offic

. >> reporter: according to the international monetary fund, north korea's top trade partner is chinaits historical ally. the eu ranks fourth. this man has spent last two decades trying to strengthen europe's trade ties with the north. his dutch business consultant, back in the 1990s, wanted to outsource computer software development overseas to save costs. he came across a north korean company. he has worked on developing ties with pyongyang ever since. for the past three years, he has organized and led trade tour tn north korea. >> the political relationships are not very well and for this reason, they are forced to go to europe. and europe is a little bit between the united states and i would say other countries. >> reporter: he says timing might be right for european businesses to pursue opportunities in the north. china s been a manufacturing hub for europe, but chinese labor costs are rising. north korea's labor costs are about half of china's. he recently explained other pros and cons of doing business in north korea to european textile industry officials. 30 people attended th

. >>> the international monetary fund has called on eurozone members to swiftly establish a banking union among them. imf managing director christine legard made the announcement. such a system is needed to supervise the region's banks and provide liquid id and deposit guarantees when necessary. >> the imf believes that a determined and forceful move towards a complete european monetary union should be reaffirmed in order to restore faith in the system. >> la garde also said a banking union would help head off contagion of the euro debt crise chis is threatening the very currency union. the european commission is expected to propose the centralization of banking control at an eu summit scheduled for next week. >>> the japanese government is getting ready to cope with possible power shortages this summer. it has coming up with basic plans for saving electricity in the country. prime minister yoshihiko noda and other ministers have announced the plans. >> translator: we are sorry for this inconvenience but we'd like to ask users for their understanding and cooperation. >> the government dec

the head of the international monetary fund is urging leaders to take steps to break free of the crisis. imf managing director christine legard warned risks to sta built fee have returned to the global economy with a vengeance. >>> additional monetary easing is needed to boost demand. she called for more growth oriented policies to increase employment. legard suggested, strug egling economies should raise taxes on gasoline. that would help protect the environment and drive growth. >>> an international economic forum is under way in seoul. 13 experts from around the world are making presentations at the third world strategy forum being held under the title future of korean capitalism. south korea's economic policy is now drawing worldwide interest ahead of this year's presidential election. nhk world spoke with one of the speakers in the session on the role of government for sustainable growth. professor was the first person from the private sector to serve as commissioner of the statistics career. >> what do you think are some of the biggest problems facing the south korean economy? >>

it's called the international monetary fund, it's not called the international dog pound. tary fund. and they can put out enough money to buy up the greek debt, to stabilize the greek currency and government. they can do the same thing in spain. they can do the same thing in italy. i don't know why they are not doing it. there is all this talk about, they made their own mistakes, let them pay for it. no, i don't care if the italians or spaniards pay for it. i don't want the guy in sand point, idaho to pay for it or silver springs maryland to pay for it. it doesn't have to be hang at all. jenna: wouldn't they be paying for it through the ims because we are the biggest part of the ims? >> no, the taxpayers don't pay a cent for that. that is all paid for. they can essentially it's a little more complicated than that, they can essentially create their own money just by writing checks, by going to the federal reserve can. that is not going to cost the taxpayers a penny. jenna: there are the moral issues as well. we talk about the logistical ways we would do it. some say if you'r