unsustainable for the greek turmoil is one of the first problems in the in trail you head of the international monetary fund french finance minister christine lagarde she might have won overwhelming support of the i.m.f. but many analysts think another european loss means more favorable treatment for some countries over others. christine lagarde appointment keeps a european at the head of the world's top lender keeping the long held tradition intact and in a debt crisis having one of its own carrying the international monetary fund could be more important than ever for europe i think that's my. intimate knowledge of those mechanisms. both the european community and the eurozone of its many leaders can help lead guards main competitor was augustine carstens from mexico who argued her point would only add to the perception of i.m.f. bias there could be some conflict of interest i mean they know their main borel's institution will be a rule europe so we'll have

it is said to be unfortunate if the next person running the international monetary fund is from europe. it is becoming obvious that christine lagarde will get the job. >> her last stop was in lisbon, where the chinese development bank was having their annual meeting. she got the backing from africa for her candidacy. however, she does not have the support of india or china, do not want for the top job to go to europe yet again. >> i am not europe's candidate or the candidate from france. i am serving the 187 members of the international monetary fund, so the institution will render the services that they need. >> she may have to face a case about abuse of power from 2007. the decision on whether to open a formal investigation has been delayed until july 5, and the international monetary fund will answer by june. this may benefit the only other declared candidate. augustine carstons has a much to stabilize mexico's economy has the finance minister. he gained an insider's look at the washington-based organization. >> hillary clinton says that she has no interest in the presidency of the

parliamentary elections for the country to receive a three billion dollars loan from the international monetary fund. and russia's gazprom says a may start focusing on gas the research page as opposed to the european union now why is that find out on business interests and. international news in comments live from our studios here in central moscow this is t.v. latest the us drone attack in volatile northwest pakistan has killed at least eighteen people on official reports claim the casualties were minutes and some witnesses name civilians among the victims and as drones have become one of washington's most favored weapons americans fear the technology might soon be used to snoop a little closer to home and the church can has this report. this was when the us drone hit the house of this young man in pakistan he lost an eye both legs and three family members. these people are demanding the cia be held responsible for the deaths of their loved ones but to no avail with the use of drones comes a lack of accountability those are being operated by somebody at a command center willingly regina they're wat

egypt's transitional government has accepted a three billion dollar known from the international monetary fund to help relaunch the country's economy barack obama has also promised cash for egypt well in the sarkozy pledge made to both egypt and tunisia but financial journalists often machall believes international financial heavyweights are the only ones who stand to benefit here. it's likely that the loans will have exactly the same kind of conditions attached it under previous i.m.f. loans to egypt and chile as europe which is meant massive cuts to the public sector and private patients creating a business friendly environment is always the mantra of these organizations and what they're normally means is an environment unfriendly to the rights of local workers and to small businesses in the economy the people you can expect these loans to benefit most these international finance international banks and small egyptian and leach you have to look at the record that is institutions have had in the region within weeks or months of the uprisings in tunisia and egypt and even in libya they were th

tuesday, we've got international monetary fund meetings, the executive board is holding its meeting in washington, trying to decide who is better to be next manager in the imf after the departure of strauss-kahn. lagarde is thought to get the top job. >>> on friday, bank of japan is due to release its quarterly survey. analysts expect a steep drop in business confidence after the devastating earthquake and tsunami back in march. still very much influencing investors and business decisions in japan. we're also going to be getting u.s. sales figures for the month of may from the big automakers, general motors and ford in the

in the gender of this news gathering remains unknown but speculation mounts that the new international monetary fund head on the way to st mirren on the table. next winter olympic games host russia since your son tree is getting a major place that make sure its infrastructure and sports facilities all fit the target with athletes and spectators disability. got in touch weekly guide to the russian capital moscow us is our next.

the international monetary fund chooses french finance minister christine lagarde as it's a new chief in europe's financial time of. eleven pm here in the russian capital you're watching r.t. thanks very much for joining us now our top story violent clashes are broken out in greece during massive a nationwide strikes hundreds of thousands of workers are protesting ahead of a parliamentary vote on a harsh sets of tax hikes and spending cuts but riot police have detained eighteen people so far and four policemen have been hospitalized with injuries twenty eight billion euros worth of cuts are needed before the e.u. would greece to hand recent other cash bail out it's considered the country's a last resort to avoid becoming the first eurozone nation to default but both the

the greek economic turmoil is the first challenge for the new international monetary fund chief christine lagarde the first woman to head the organization she also faces the tough task of fighting off the perception of the i.m.f. is biased in favor of western countries. and fears grow that unrest in syria might struggle militant group hezbollah to move weapons at store there to lebanon threatening to stoke up further trouble in the region meanwhile israel is reportedly deploying new missile defense systems near its border with lebanon. that will have more on those stories next in the quarter of an hour's time we're going to the sports news now with him on some high adrenaline sporting action for us on the stand about well the latest from wimbledon which is a thrill in itself we have a real treat for everyone today feature on one of the most daring sports around find out what that is in a moment. alone

on the revenue tax collection side in order to get their economy back on track and the international monetary. fund and the european countries you know france germany they need to get behind supporting greece because if greece goes down and defaults on its loans we're going to see a domino effect that is going to affect the rest of europe ireland portugal could be next and that's a very frightening prospect of a time when the global economy is really. in a very fragile state of recovery it is this could be a tipping point for a global depression i i'm afraid so i think this is a very dire situation well. i'm wondering how much of this you know greece ever since participation in the e.u. and the world trade organization since basically the mid ninety's greece manufacturing their manufacturing sector has dropped significantly just as ourselves and they are importing things largely from china but from all over the world and i'm wondering if maybe they will be looking at protectionist measures for example to restore manufacturing to try to rebuild their economy i mean there doesn't seem to be anything

french finance minister christine legarde becomes the first female head of the international monetary fund winning overwhelming support from europe russia china and the u.s. . really concerned about a problem oh we don't need a new food as libya rejects the international criminal court's demands for colonel gadhafi is arrested or to reports from the oil port of breda scene of nato's latest bombing campaign. two am in moscow i match president good to have you with us here on r t our top story violent clashes have broken out in athens on the first day of a general strike by workers hundreds of thousands of demonstrators are protesting ahead of a parliamentary vote on a harsh set of tax hikes and spending cuts riot police clashed with rioters in the center of the greek capital firing tear gas and using rubber buttons to repel stone throwers at least eighteen people have been detained four policemen have been hospitalized the e.u. is demanding twenty eight billion euros worth of cuts before releasing any more cash to greece its consider the country as a last resort to avoid becoming the first

international monetary fund plans to lend egypt three billion dollars to help stabilize the country some experts have voiced concern that it may become an instrument of western pressure policy or has more. as if the international monetary fund doesn't have enough on its plate it's agreed to loan three billion dollars to cairo a move critics say is absurd but i think this is a bribe that the west is trying to give to the regime lest the new one lest it turns against the west but cairo is insisting the money will help stabilize the country's finances especially now with mubarak gone and the country going through a transitional period but observers say it's the same spin with only slightly different marketing these agreements are being made with traditional transitional governments and these transitional governments have. become a primarily outer figures of the old regime they composed primarily because from your regime for example samir radwan the finance minister in egypt has been negotiating this loan was a mubarak appointee obama's promise in cairo a billion dollars more in loan guarant

eurasian economic community for a loan the government's now gone begging bowl in their international monetary fund but as it is alexey rejects the reports from minsk the current political situation will make getting our money from easy. a rare scene for a usually car minsk people physically prevented a policeman from arresting a student who had not paid for their bus ticket many said this incident was visible proof of after waiting transition in delhi. circus that if you want to live in this country you looking to run away from here in the suv even in the country are now living is a joke empty shelves in stores food shortages and hundreds besieging currency exchanges those have been the all too familiar scenes of the last month in bellerose since the country plunged into financial crisis the russian ruble devalued to hold sparking people to get rid of it quickly euro goes to a bank in central minsk every day in the hope of swapping his money for u.s. dollars and we could go he was one hundred fiftieth in the queue now he's closer to getting what he wants i have to pay for my daughter's education w

the international monetary fund chooses french finance minister christine lagarde as its a new chief well she was backed by europe the u.s. russia and china making her the clear favorite. just after midnight here in moscow you're watching r t thanks for joining us now to our top story violent clashes serve broken out in greece during massive nationwide strikes hundreds of thousands of workers are protesting ahead of a parliamentary vote on a harsh set of tax hikes and spending cuts riot police have detained eighteen people so far and four policemen have been hospitalized with injuries twenty eight billion euros worth of cuts are needed before the e.u. agrees to hand greece another cash bailout let's consider the country's last resort to avoid becoming the first eurozone nation to default but both the cuts and the high interest bailout are deeply unpopular illustrated by the fact that police have once again clashed with protesters and fired tear gas during the mass march on parliament. well earlier i spoke to for national journalist didn't she call for says an incompetent government h

the first one point two billion dollar loan from the you were sacked by next monday the international monetary fund is expected to deliver its decision by june the fourteenth but with all the harsh rhetoric often coming from the russian leadership it is hard to say who if any would be able to drag this country from the financial abyss let's see russia still hard to see reporting from minsk in belarus. also in the news tonight in yemen's capital fighting is raging on between government troops and armed tribesmen at least forty people were killed on wednesday according to reports peaceful protests turned violent last week but despite the escalation of battle. refuses to step down. latvia's parliament's related former banker andrus birgitte as president fifty three employees voted in favor of injuring a secret ballot opponent val design has become the first president in history not to be reelected for a second earlier in may's actually started dissolution of parliament after it used its power to ban a search of the home of an allegedly corrupt and. football's been so general has been fighting cancer s

the first one point two billion dollar loan from the you were sacked by next monday the international monetary fund is expected. deliver its decision by june the fourteenth but with all the harsh rhetoric coming from the by the russian leadership it is hard to see who if any would be able to drag this whole soviet country from the financial abyss. keep reporting from minsk the invalid was. well later artie's financial guru max kinds are looks at other eileen o'connor meets return to the i.m.f. for help less than fifteen minutes in his program he discusses how a multi-billion dollar bailouts are threatening the song from t. of nations here's a taste of what's in store. for the country of greece is not bankrupt the i.m.f. is bankrupt george bob addresses bankrupt who knows what money he owes some casino or some drug lord somewhere tried cavities we're going to sell as franken country for a few quid the objective of the outside forces that being the i.m.f. which is controlled by the us which is controlled by wall street is to simply grab all of greece's for pennies on the dollar and antics the entire

remind us, what does the international monetary fund do and what's the job of its director. >> the international monetary fund does two things. one, it lends money to countries in trouble. but more importantly in the new world economy what it does is it tells countries what they should be doing with their policies. it evaluates their financial systems and evaluates their policies, talks about whether those policies are good for the country but more importantly also for the global economy what is somewhat strangely called surveillance. that's a key function. managing that becomes very important because of course the technical staff of the fund are very qualified. they can evaluate policies and come up with good judgments but ultimately the managing director has to make very important policy decisions. so it can tell a big country like the u.s. or china what is wrong with its policies, you need somebody who can stand up to these big powers, tell them what they're not doing right and be willing to take the heat. it's a very important job. >> woodruff: scheherazde, why was she chosen? >> i think tha

. >> and i'm jessica kartalija former head of the international monetary fund is pleading not guilty. here's the latest for wjz. >> reporter: dominique strauss- kahn walked out of a manhattan courtroom with his wife as a crowd yelled, shame on you. the shouting came from a group of about 50 hotel maids who gathered outside to show their support for the alleged victim. >> you believe her? >> yes. >> reporter: inside, the former head of the international monetary fund looked relaxed after pleading not guilty to attempted rape and sexual assault of a manhattan hotel maid. the maid says when she went into to clean the suit, he chased her down. her lawyer says she'll testify if the case goes to trial. >> the victim is a hard working, single mother. >> reporter: the case moves to the pretrail phase. after that, the judge will set a trial date. evidence against dominique strauss-kahn is getting stronger sources tell cbs news that his dna was found on the uniform of the maid. his attorneys are trying to defend that the sex was con sense -- sex was consensual. he's currently living in a rented

the international monetary fund to choose a spread minister christine legarde new chief. of the u.s. russia. making her the clear favorite. program of. the first prosecutors in the hague called on libyans to turn over colonel gaddafi for allegedly killing civilians we report from the coastal city recently raised. bombs. just after one am in the russian capital you're watching good to have you with us now our top story violent. greece during massive nationwide strikes hundreds of thousands of workers are protesting ahead of a parliamentary vote on the harshest set of tax hikes and spending cuts riot police have detained eighteen people so far and four policemen have been hospitalized with injuries twenty eight billion euros worth of talks are needed before the e.u. agrees to have another bailout it's considered the country's last resort to avoid becoming the first eurozone nation to default but both the costs and the high interest bailout are deeply unpopular illustrated by the fact that police have once again clashed with protesters and fired tear gas a very good last mar

she's campaigning for the top job at the international monetary fund. campaign is one of the most popular talking points online right now. at number two, a blow to u.s. presidential hopeful newt gingrich as a whole wrath of his campaign team quit. >>> and at number one, happy birthday prince phillip, queen elizabeth's husband is 90 years old today. prince philip has been by the queen's side for almost 60 years, making him the longest serving british consort in history. >>> thousands flee in los angeles. jennifer delgado has been tracking the arizona wildfires. >> bigger than los angeles or new york. we're talking about a new york. we're ta-- we know 5% of fire i now contained. we're talking arizona. you're looking at apache county. the fire spread into that region yesterday. they actually were able to get a better hold on the fire but still, this is causing widespread damage across the region. we do know now 29 homes were damaged and thousands of people have been evacuated. the good news is for today, the winds will be a bit more favorable for the first

the first one point two billion dollar loan from the you are sacked by next monday the international monetary fund is expected to deliver its decision by june the fourteenth but with all the harsh rhetoric often coming from the belorussian leadership it is hard to say who if any would be able to drag this country from the financial abyss let's see russia ski r.t. reporting from minsk in valorous. well arty's financial guru max kaiser looks at other ellinger connelly's to turn to the i.m.f. for help next hour in his program he discusses how not a billion dollar bailout are threatening the some printing of nations here's a taste of what's to come. back the i.m.f. is bankrupt george part of grace is back oh now. what money he owes some casino or some drug lord somewhere kind of truck cavities god willing to sell us for it and country for a few quid the objective of the outside forces that being the i.m.f. which is controlled by the us which is controlled by wall street is to simply grab all of greece's assets for pennies on the dollar and antics the entire country of theories and that they should for

. >>> the former international monetary fund leader, dominique strauss-kahn, has pleaded not guilty to charges that he sexually assaulted a new york city hotel maid. the french diplomat appeared in the state supreme court in manhattan today for the first time since was arrested and placed on $6 million bail and bond last month. manuel gallegus reports. >> reporter: dominique strauss- kahn walked out of a manhattan courtroom with his wife as a crowd yelled "shame on you." the shouting came from a group of about 50 hotel maids who had gathered outside to show their support for the alleged victim. >> reporter: you believe her. >> yeah, we believe her. >> reporter: inside the former head of the international monetary fund looked relaxed after pleading not guilty to multiple criminal charges, including attempted rape and sexual assault of a manhattan hotel maid. the 32-year-old maid says when she went in to clean strauss can's $3,000 a night suite he chased her down and forced her to perform a sex accident. her lawyer says she will testify if the case goes to trial. the victim is simply a h

appearance today and hatton that of course is the former head of the international monetary fund he was there to put in an innocence plea in the sexual assault charges how to deal with a hotel maid that a little while ago now we're more concerned with what is going to happen with the leadership of the i.m.f. many including the largest herding economies argue that the downfall of d s k should be the end of the legacy of european leaders at the bank an r.t.s. arena kalu show has more on that story. it's a change they don't believe in with the former directors on an extra scan out of the financial picture there concision is looking for a civil replacement and mother current financial situation in europe mesa just a new approach is needed to solve the problems by looks of it will go in the other direction the weight of tradition and also the fact that there has been a longstanding deal between the united states and europe the u.s. will have the world bank and europe has the fund i'm sure the europeans would convince or leaving thinkers on the matter that at this juncture you still need some

on don't extract hons court appearance in a manhattan court that the former head of the international monetary fund of course he was there to put in an innocent plea in the sexual assault of a hotel maid but we're more concerned with what is going to happen to the leadership of the i.m.f. many including the largest emerging economies argue the downfall of d.f.a. should be the end of the legacy of european leaders at the bank r.t. their inability to have more though. it's a change they don't believe in with the former i.m.f. director dominic straws can out of the financial picture they're going to use looking for a suitable replacement and while the current financial situation in europe may suggest a new approach is needed to solve the problems by looks of it the i.m.f. will go in the other direction the weight of tradition and also the fact that there has been a long standing between the united states and europe the u.s. will have the world bank and europe has the fund i'm sure the europeans would convince or leading thinkers on the matter that at this juncture you still need someone familiar with

baritones been in the last few years one of the world's most powerful organizations the international monetary fund has the power to countries but to plunge them into despair kick russia for example some say there are conditions played a crucial role in bringing about the default of one nine hundred ninety eight which left thousands of people and just brute i remember when the soviet union broke up and and the rest of the g seven prescribed it could not make it through the new russia and it was completely disastrous this complete sort of thing of the russian economy at the time completely destroyed russia in several ways and i think that's what the i.m.f. has zero to several other economies being are greece and i've been out for portugal italy and spain because sex scandals broken pledges deepening did as europe attempts to internal itself from its fiscal chaos it seems clear that a new approach is vital to stay afloat but the international monetary fund seems to focus more on keeping rising economies out of the picture than solving the many problems it now faces and r.t. and joining me now to talk

as the european union and the international monetary fund work on a new aid package for greece, support is building for greece to launch a debt exchange. under that scenario, greece would swap soon-to-mature debt for bonds that mature further out, but the plan is not without problems. it could also trigger a technical default. nobel prize-winning economist peter diamond has withdrawn his candidacy for the federal reserve board of governors. he wrote about how distorted the confirmation process has become in an op-ed piece for today's "new york times" called "when a nobel prize isn't enough." higher oil prices and turmoil around the globe will take a bigger bite out of airline profits this year-- so says the international air transport association. it cut its 2011 profit outlook today by more than half to $4 billion. last year, the industry earned an estimated $18 billion in profits. still ahead, we head to cleveland, ohio, for tonight's "beyond the scoreboard," and a lesson in losing the fight for top talent. one of the hottest trends in technology is cloud computing. and one of the wor

>> the executive board of the international monetary fund today selected christine lagarde to serve as i.m.f. managing director. >> susie: france's finance minister becomes the first woman to lead the global finance agency. >> tom: her biggest and most pressing challenge-- navigating the greek debt crisis. it's "nightly business report" for tuesday, june 28. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> tom: good evening, everybody. the international monetary fund has a new leader tonight-- christine lagarde has been chosen to lead the global finance agency, susie. >> susie: tom, she takes over starting july 5, and is now considered one of the most powerful women in the global financial system. lagarde is also the first woman ever to head the influential i.m.f. in its 67-year history. the 55-year-old french national has been her country's finance minster since 2007, and is an attorney by

mounts that the new international monetary fund had ways to save the euro are on the table. and then the next winter olympic games host russia city of sochi is getting a major facelift to make sure its infrastructure and sports facilities are fit for paralympic athletes and spectators with disabilities. next our weekly guide to the russian capital moscow out is that for you. hello and welcome to the show on this week's program taking a look at what to do in an emergency here in the russian capital. services plus a few others. have a new building of the european medical center. the private clinic has two locations the regional building. and the building located near prospect. or in the city center the e.m.c. here is. the first private health. clinic comes with more than twenty years of tradition and history. says that it has the country's best operating rooms and intensive care units. twenty four diagnostic department and inpatient and outpatient center children and adults looks like you're in safe hands with a team. we have. we have. and all that the center here is private t

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that is the international monetary fund is in the egypt three billion dollars to be charged it's called me the questions are being raised as to who exactly this money would help. with another summary for in about fifteen minutes from now the meantime russian gas giant gazprom is looking to cash in on the trend to wind down nuclear energy in the wake of the fukushima disaster in japan the company is now seeking a larger share of the german energy market after a girl invalid to shut down all of its nuclear power plants will not see caught up with a top gazprom official to get his vision of the future of gas that is next on r.t. . they were joined by mr i'm excited there he is the deputy chairman of the management committee of russian oil company gas promise well as the director general of the company's export arm i thank you very much sir for joining us today thirty three now the german germany's decision to abandon nuclear power altogether and switch to natural gas this is quite a big decision to say the least now is gas from looking to fill fill the gap in that market and how significan