we stand by the nurses, doctors, and health-care workers of greece. >> the international monetary fund has admitted to notable failures in the handling of greece's bailout, saying it has worsened the country's economic plight. some say the cuts will lead to the collapse of the creek health system -- greek health system. >> we as health workers cannot take much more -- the wage cuts, lack of staff, increase in work -- we cannot take it anymore that we cannot treat of the uninsured. >> hopes i increase that the imf report will prompt brussels to loosen the austerity throttle the eu commission and european central bank, which manage the bailout with the imf, reject criticism of the austerity regime. >> some sports news now -- the libyan national soccer team is gearing up for its first home match in more than two years. libya will play the democratic republic of congo in a world cup qualifier. the national squad has been undergoing final training ahead of tonight's match. since the 2011 war that toppled muammar gaddafi, libya has been unable to post international matches because of securit

we stand by the nurses, doctors, and health-care workers of greece. >> the international monetary fund has admitted to notable failures in the handling of greece's bailout, saying it has worsened the country's economic plight. some say the cuts will lead to the collapse of the creek health system -- greek health system. >> we as health workers cannot take much more -- the wage cuts, lack of staff, increase in work -- we cannot take it anymore that we cannot treat of the uninsured. >> hopes i increase that the imf report will prompt brussels to loosen the austerity throttle are probably unfounded. the eu commission and european central bank, which manage the bailout with the imf, reject criticism of the austerity regime. >> some sports news now -- the libyan national soccer team is gearing up for its first home match in more than two years. libya will play the democratic republic of congo in a world cup qualifier. the national squad has been undergoing final training ahead of tonight's match. since the 2011 war that toppled muammar gaddafi, libya has been unable to post international ma

. >>> the head of the international monetary fund wants the u.s. federal reserve to keep pumping money into the american economy to help the global recovery. but christine lagarde is urging the bank to roll back its monetary easing in the future. the imf managing director spoke after releasing an annual report on the health of the u.s. economy. she said the feds quantitative easing helps the recover ne the u.s. and supports the global economy. >> there is no need to rush to exit from monetary accommodations given the still large output gap, gishton subdued growth that we have, and given the well-anchored inflation expectations. >> lagarde says the monetary easing should continue at least through the end of the year. the fed is buying $85 billion in bonds and other assets each month to lower borrowing costs and stimulate employment, but investors speculate it may start tapering off these stimulus measures. the imf report notes markets could overreact leading to a sharp increase in long-term interest rates and volatility of international markets. >>>

demanding an end to hard hitting cuts in portugal fifteen thousand protesters surrounded the international monetary fund's local office chanting i.m.f. out salome was there for us. the focus of people thank you are here the international monetary fund do european commission and do you pinsent all banks they add the backbone they want stock and she's like practical reason ireland's here in lisbon many hundreds i live. i am asked will cost. a lot of math this is one of the protesters and also one of the members of this group and to try to get my god why you are here protesting. we are here protesting like we are in all the cities in europe we are protesting against the policies of austerity the policies of troika the policies that are destroying people's lives of europe and we are here in lisbon in front of the i.m.f. where the laws are made on the back of the people in lots of on a democratic way we want the voice to come back toward to move to the people getting this in use ration will have any result of course all demonstrations have results right now unfortunately we have massive demonstrations that cou

>> the head of the international monetary fund on the imf print your report on the u.s. economy, including the good, bad, and potentially ugly and how the imf blundered when it came to agree to bailout. a fox business exclusive. no longer, black rock stock funds are going to change is. we'll break down. and the man of steel opens nationwide today. some moviegoers will be watching it on imax 3d, just like superman the stock has been flying high. will the movie made even more super returns for shareholders? we sit down with the president of imax and other fox business exclusive. a special edition of "countdown to the closing bell" live from washington d.c. starts right now. ♪ liz: good afternoon, everybody. i'm liz claman. live from washington d.c. in this last hour of trading, we're going to have much more on my exclusive interview with the head of the international monetary fund christine lagard, including the imf deal with the u.s. economy and where it sees risk. also, we will talk about the one thing happening in a landmark german court case right now. could it up and

action to have it's always insufficient it's just not enough what about all that help from international monetary fund is beloved money on brazil to help heal its inflation rate and that's not helping no world usually when the international monetary fund and the major bankers poor money into countries whether it's brazil spain italy argentina or even the united states it goes to the wrong pockets and that is a global phenomenon so in a way what people are demanding is for more real presents a representation of this so. all democracy which is merely money sloshing whereby the really powerful and the really rich and ensure that their candidates always get into power and do their bidding it's the same old story in country after country and in different continents brazil's foreign minister says his country won't experience that the kind of violence that turkey's witnessed in the past weeks are there though go back to my first question i guess any underlying similarities between the two protests i think he is being too optimistic because just as we saw arab spring quote unquote which is the wave of the glo

he may need to turn quickly to the international monetary fund for a bailout as their finances are in poor state. >> people will be looking carefully to see how he deals with those two big centers of power in pakistan, the army and the religious grouping. >> there is a great concern here about his relationship with the army. early on he was a darling of the army, then promoted by then periods -- that spectacularly came to an end in 1999. previous stint in power in the 1990's ended badly. thenssed on corruption, ousted by the military, sentenced to exile in saudi arabia. reporters are stressing the he is a changed man, older and wiser, intending to rule very much by consensus this time, and he has been striking a very conciliatory, friendly town, both during the campaign and in these remarks to parliament. there is a sense of guarded optimism, a feeling among many that he has command with a strong mandate and sufficient support in parliament to push to his policies. what people and the international community will be waiting to see is whether or not he will take the hard decisions of t

dennis: the international monetary fund. calling the u.s.tion cuts, raise the debt ceiling and throw in the imf's support the president obama's budget plans. revising ellet for the u.s. growth down. liz is live in washington. imf managing director christian lagard. take it. >> reporter: we are here at the international monetary fund headquarters in washington d.c. with the latest imf report, specifically on the united states, its recovery, growth, and independence of cider downside risk that the imf sees in a fox business exclusive. we are here with christine lagard who is, of course, the managing director of the imf. thank you for joining us. >> my pleasure. cheryl: - >> in this report i see a bunch of optimistic revelations, but some pointed observations about everything inved, the sequestration, our growth. let's start first with the u.s. recovery specifically. you say in the report that the nature of it is changing. why and what you mean by that? >> well, we believe that there is recovery, and that the recovery is much more stable and du

we landed a first on fox business exclusive interview the manager of the international monetary fund on the day they released this. this is their 2013 final estimate what they expect for the economy this year. one. most important points that jumped out at me, in the past they said the see questions test, those automatic spending cuts that kicked in earlier this year, that needed to be replaced of the that is the word they used. now they say it in this report it need to be repealed? why? madam la guard believes the cuts are way too vestful and dramatic. because of them stronger headwind to consumer demand over the next few quarters. listen to how she articulates it. >> when we forecasted 3% we had assumed that sequestration will gradually be removed and reformatted more intelligently. >> all right. we haven'' seen that yet. >> we haven't seen that. we fear we're not going to see it in the near term. which is why we believe sequestration will actually impact growth in the united states in 2014. which is why we downgrade slightly from 3% to 2.7%. >> which is still better, frankly david

research are the world bank and the international monetary fund show that eliminating barriers to women's participation in the economy boosts productivity and gdp. i think that is growth we cannot afford to ignore. other countries are taking note. the prime minister of japan said he wanted to put women at the heart of his economic agenda to expand access to affordable childcare and parental leave and for businesses to appoint at least one woman executive. he said women are japan's most underused resource. he is right. women are the world's most underused resource. i will continue championing the rights and opportunities of women around the world, but i do not want to forget women and girls here at home. making equal pay a reality, expanded medical leave benefits, encouraging women and girls to pursue careers in stem. we heard a great presentation from the manufacturing community today to include productivity. we need more efforts like the cgi commitment by capital one to create a training program for women veterans. that is a wonderful idea. [applause] let me thank all of our cgi america

the international monetary fund recently says the reckless for-spending cuts beginning of this year cutdp growth 1.5 percentage points. which makes us wonder, is this rome before the fall? last time i checked, the roman empire is ancient history. >>> how does this turn into this? historians tell us the romans, like many civilizations before and after, collapsed under the weight of too much debt. an overextended military, debilitating partisanship and fiscal responsibility drove the roman empire into the ground. does any of that sound familiar? the u.s. currently has $16 trillion in debt, up from less than a trillion in 1990. two expensive wars in the middle east and prolific spending to blunt an economic downturn. on top of what we already owe, there is another 20 to $50 trillion the government will need to fulfill its promises on social security and medicare as the baby boomers retire. and partial gridlock in washington has crushed any hope of progress. >> the republicans want to balance the budget. the president doesn't. >> while the bulk of this deficit was being amassed, i didn't he

the international monetary fund admitted it made mistakes in handling greece's first bailout three years ago. the imf says its assumptions about the country's growth were wrong. the failure meant greece susser and -- greece suffered a much deeper recession. the unemployment rate increased further, to almost 20 seven percent. flooding in central europe, which forced tens of thousands of people from their homes, has reached slovakia. parts of the capital, bratislava, have been underwater. floods are also expected to hit hungary in the coming days. people in parts of germany are still struggling with the floods. how are people coping in dresden? >> i am standing on a long line of sandbags that stretches about two kilometers in that direction, maybe another three kilometers in that direction, too. what this line of sandbags is doing is separating the fog one -- is separating the floodwaters on one side, which have been engulfed by the river, with one of the busier areas of dresden on this side. it has been built by an army of volunteers. the people you can see in the background here are the

the international monetary fund now says it would have been better to restructure greek debt earlier instead of waiting for the second bailout the forced private creditors to take losses. the european union has firmly rejected the findings, and people on the streets of greece have reacted with fury. >> greek pensioners are angry. many have lost half their income due to cuts in pensions. they accuse the government of robbing them of their last crust. >> every month, my pension is being butchered more and more. when will we get it back? who will listen to us? who is going to save us? >> for many older greeks, it is devastating that their children have no way of earning a living. 27% of working age greeks are without a job. 60% of young people have no work. the imf's conclusion that the first greek bailout worsened the country's plight has outraged many people here. >> what does this admission bring? they did it. now they say they should not have. what is the point? will the admission change anything? are they going to give anything back to us? no, they are not. >> greek media have expr

the international monetary fund now says it would have been better to restructure greek debt earlier instead of waiting for the second bailout the forced private creditors to take losses. the european union has firmly rejected the findings, and people on the streets of greece have reacted with fury. >> greek pensioners are angry. many have lost half their income due to cuts in pensions. they accuse the government of robbing them of their last crust. >> every month, my pension is being butchered more and more. when will we get it back? who will listen to us? who is going to save us? >> for many older greeks, it is devastating that their children have no way of earning a living. 27% of working age greeks are without a job. 60% of young people have no work. the imf's conclusion that the first greek bailout worsened the country's plight has outraged many people here. >> what does this admission bring? they did it. now they say they should not have. what is the point? will the admission change anything? are they going to give anything back to us? no, they are not. >> greek media have expr

government action to have it's always insufficient is just not enough they usually when the international monetary fund and the major bankers poor money into countries whether it's brazil spain italy argentina or even the united states it goes to the wrong pockets and that is a global phenomenon so in a way what people are demanding is for more real president representation and not this so-called democracy which is merely money sloshing whereby the really powerful and the really rich and sure that their candidates always get into power and do their bidding it's the same old story in country after country and in different continents france is growing increasingly frustrated at the european union that is according to a new poll held across the twenty seven nation bloc so let's take a look at the numbers sixty two percent of french people think the e.u. is moving in the wrong direction they are stressed by the rise of germany as a political force and feel that brussels has mishandled europe's financial crisis meanwhile unemployment in france continues to rise and this also comes amid some dire approval ra

hitting cuts in portugal fifteen thousand protesters surrounded the headquarters of the international monetary fund's local office chanting i.m.f. out and my pinto was there for us. focus of people thank you here did to their salinity fund do european commission and e.u. pm central bank they are the backbone they want struck and she's like practical reason ireland's here in lisbon many hundreds are alive. and that still cause we are here protesting like we are in all the cities in europe we are protesting against the policies of austerity the policies of strike and the policies that are destroying people's lives through old europe and we are here in lisbon in front of the i.m.f. where the laws are made on the back of the people in knots on a democratic way we want the voice to come back toward tool to the people these people idea amending the resignation of the party's government and also the austerity which has already nearly to force more than a million portuguese people out of a job. in artie's cause a report unique take on europe's financial woes and those responsible for it all the programs avai

after admitting it had miscalculated the devastating effects of a stereo in greece the international monetary fund delegation is returning to pass and they'll be joined by e.u. and european central bank chiefs will still demand the greek government fire four thousand more state employees in return for bailout cash with the former leader of the series a party that now leads the opposition says the time is ripe for plan b. you know. one come in the boat has a plan a and a boat to sink. to find the plan b. so. there's this is crucial. to find it would be because of the. destruction for. us. was twenty five but it's been over before five year. four five times three unemployment three weeks before. this is planning and coming your way peter labelle and his guests are ready to raise the temperature crosstalk is up next here in r.t. . six san diego residents were thrown off of an airplane not for what they said but how they said it because they said it in another language russian in fact a paranoid and cowardly steward on the plane told them that they had to clear out.

days after admitting it had miscalculated the devastating effects of a stair to grease the international monetary fund delegation is returning to athens and they will be joined by e.u. and european central bank chiefs who still demand the greek government fire for thousands more state employees in return for bailout cash but the former leader of the syriza party that now leads the opposition says the time is ripe for a plan b. one come in the boat has a plan they and the boat going to sink. to find a diplomatic. visit victor this isn't racial we have to find it would be because of prolonged the. destruction for. almost twenty five but a servant you know would be them before five year. four or five times the unemployment rate that we've had before we ever. hold you for. a month of this is premiering as surprising show of optimism the french president's declared the and of the eurozone crisis by francois lon's words are unlikely to sound convincing to europeans during record high unemployment and painful belt tightening measures across the continent s.s.r. cillian are reports even in brussels at the hea

its website build a bird two thousand and thirteen will be attended by the head of the international monetary fund the president the european commission prime minister of holland chairman of swiss induction national banks and a multitude of trans national see yet despite this same powerhouse gathering there is virtually no coverage from the mainstream media about the policy summit which is especially interesting considering how media moguls have routinely attended the builder board meetings over the years in fact steering committee member david rockefeller allegedly said that he's grateful to media outlets like the washington post in the new york times for keeping the meeting discretionary for almost forty years so what do we know about the build a bear group and the severe lack of transparency surrounding the event has fostered multiple theories and much speculation about what's really going on behind the meetings closed doors many journalists now activists who have been following the group for years claim that it's members use the meeting to plan global policy domination of the subjugation of th

admitting it had miscalculated the devastating effects of a stare at a young greece the international monetary fund delegation is returning to athens and they'll be joined by e.u. and european central bank chiefs will still demand the greek government fire four thousand more state employees in return for bailout cash but the former leader of the series a party that now leads the opposition says the time is drive for plan b. . you know one come in the boat has a plan the in the boat going to sing. for the plan b. . victory was racial we have to find it would be because a lot of the. destruction for. the most twenty five seven you know would be there before five year we've. four or five times the unemployment rate we've heard before we ever. hold you for without employment research. and a surprising show of optimism the french president's declare the end of the eurozone crisis but francois lon's words are unlikely to sound convincing to europeans enjoying record high unemployment and painful belt tightening measures across the continent as does our silly reports even brussels the heart of the e.u. ha

its website build a bird two thousand and thirteen will be attended by the head of the international monetary fund the president the european commission prime minister of holland chairman of swiss induct national banks and a multitude of trans national c.e.o.'s yet despite this same powerhouse gathering there is virtually no coverage from the mainstream media about the policy summit which is especially interesting considering how media moguls have routinely attended the build a board meetings over the years in fact steering committee member david rockefeller allegedly said that he's grateful to media outlets like the washington post in the new york times for keeping the meetings discretionary for almost forty years so what do we know about the build a bear group the severe lack of transparency surrounding the event has fostered multiple theories and much speculation about what's really going on behind the meetings closed doors many journalists now activists who have been following the group for years claiming its members use the meeting to plan global policy domination of the subjugation of the re

after admitting it had miscalculated the devastating effects of a stereo on greece the international monetary fund delegation is returning to athens they'll be joined by e.u. and european central bank chiefs still today on the greek government fire four thousand more state employees in return for cash where the former leader of the syriza party in but now leads the opposition says the time is ripe for a plan b. . for one. and the boat going to sink. to find the plan b. so this is exactly the racial we have to do to find it would be because of belonging a. distraction for. most twenty five. and older before five year we've. four or five times the unemployment rate we had before we ever. told you for without employment this is. not a surprising show of optimism the french president's declared the end of the eurozone crisis but from so along words are unlikely to sound convincing to europeans enjoying record high unemployment and painful belt tightening measures across the continent s s r so he reports even brussels at the heart of the e.u. has few opportunities for those left without a livelihood. i

to their hard hitting cuts and in portugal fifteen thousand protesters surrounded the international monetary fund's local office chanting out a salami pinto was there to report. the focus of people thank you here did to dash a little peace plan to do european can be said and do you mean central bank they are the big. deal on strike and she's like blocked. by many hundreds that are like. we are here protesting like we are in all the cities in europe we are protesting against the policies of prosperity the policies of the policies that are destroying people's lives. and we are here in lisbon in front of the i.m.f. where the laws are made on the back of the people in knots in a democratic way we want the voice to come back to tool to the people these people idea amending the resignation of the party's government and also the our society which has already nearly to force one in a million portuguese people out of a job and there are these cars a report there's always a unique take on europe's financial woes and of course those responsible for them and all the programs available for you on our you tube c

and what examples have they shown and the international monetary fund in theory is supposed to be the cop who monitors everybody's finances and make sure that they don't get out of whack somehow and one country is wind up getting into trouble as the i.m.f. that has to come in and write a check figuratively speaking to put them back on the straight and narrow but if the i.m.f. is in effect bailing countries out it does want them to make sure they get their finances in good shape now in my mind they do that the wrong way because they say ok go ahead raise taxes i think the real problem is that these countries are spending too much in the deficits and debt are just a symptom of the i. methinks the deficits and debt are the problem i think they have symptom and disease backwards but the point is that at least they sort of understand in the long run two plus two has to equal four. and unfortunately in recent months the i.m.f. has now backed away from that position and what that does is it sends a signal to some of these profit governments around the world day maybe we can still get i.m.f.

after admitting it had miscalculated the devastating effect of austerity on greece the international monetary fund delegation is returning to athens the be joined by a you and european central bank chiefs who still demand the greek government fire four thousand more state employees in return for the bailout cash but the former leader of the senate's a party that now leads the opposition says the time is right for his new party it's called plan b. you know if one comes in the boat has a plan me and the boat going to sink. to find a plenty of this is exactly as you said rachel we look to to find it would be because the longer a. distraction for the goose. was twenty five. loads the d.p. than before for the year we've. four five times the unemployment rate the week before who. hold you for without employment this is planning a new surprising show of optimism earlier on this week the french president declared the end of the eurozone crisis but france was the lands words are unlikely to sound convincing to many european still ensuring record high unemployment and painful belt tightening measures across

the prime minister requested more time from the international monetary fund and the imf approved that request. >>> important news if you own an suv made by general motors. a circuit board could catch fire. fires from the 2006 and 2007ed model years. chevy trailblazers, gmc envoy, buick raniers, saab 97-xs, and izuzu ascenders are included in the recall. >>> top heads of state all in one place. what is expected to dominate the conversation. >>> a near disaster >>> our wednesday's child this week, a young child who dreams of playing baseball. >> we met rodney last year, he's waiting for the right family to adopt him. >> are you excited about being here? >> yes. >> 16-year-old rodney definitely excited to be here at nationals stadium. pitchers invited rodney to play a little catch. rodney came dressed up, because he cares a lot about making a good impression, although he has some developmental challenges, he is a wonderful young man with a lot of hopes and dreams. >> he loves to investigate things, wants to know what everything is about. an intriguing and interesting young man. >> we did

days off for missing it had miscalculated the devastating effects of greece the international monetary fund delegations rich. and to athens they'll be joined by e.u. and european central bank chiefs will still demand the greek government fire four thousand more state employees in return for bailout cash but the former leader of certs a party that now leads the opposition says the time is right for his new party plan b. you know if one comes in the boat has a plan b. and the boat going to sink. to find a plan with. this exactly as you said greece will. look to find it would be because the. destruction for use. was twenty five. loads before for the year we've. four or five times the unemployment rate the week before who ever. call you for without knowing when to this is planning. a surprising show of optimism the french president's declared the end of the eurozone crisis big time but france where a lot of words are unlikely to sound convincing to europeans ensuring record high unemployment and painful belt tightening measures across the continent a test for a city reports a brussels at the he

after admitting he had miscalculated the devastating effects of austerity on greece the international monetary fund delegations returning to athens they'll be joining by the will be joined by the e.u. and european central bank chiefs still demand the greek government five four thousand more state employees in return for bailout cash but the former leader of the slits a party that now leads the opposition says the time is ripe for his new party plan b. you know one come in the boat has a plan me and the boat use going to sink. to find the plumbing. vectors of racial we look to to find we because a long way. destruction for greece. was twenty five. loaded gun before for the year we've. four five times the unemployment rate the week before. holy you for without knowing when to this is planning at it this week in a surprising show what to miss in the french president declared the end of the eurozone crisis but france where lots of words are unlikely to sound convincing to europeans ensuring record high unemployment and painful belt tightening measures across the continent next as tests are still report

and what examples have they shown and the international monetary fund in theory is supposed to be the cop who monitors everybody's finances and make sure that they don't get out of whack somehow and one country is wind up getting into trouble it's the i.m.f. that has to come in and write a check figuratively speaking to put them back on the straight and narrow but if the i.m.f. is in effect bailing countries out and does want them to make sure they get their finances and good shape now in my mind they do that the wrong way because they say ok go ahead raise taxes i think the real problem is that these countries are spending too much and the deficits and debt are just a symptom the i.m.f. thinks the deficits and debt are the problem i think they have symptom and disease backwards but the point is that at least they sort of understand in the long run two plus two has to equal four. and unfortunately in recent months the i.m.f. has now backed away from that position. and what that does is it sends a signal to some of these profit governments around the world hey maybe we can still get i.

demanding an end to hard hitting cuts in portugal fifteen thousand protesters surrounded the international monetary fund's local office chanting i.m.f. out so was there for us. the focus of people thank you are here day to day salinity funds do european commission and do you pinsent all banks they add the backbone they want stock and she's like practical reason ireland's here in lisbon many hundreds i live. a mass will cost. a lot of math this is one of the protesters and also one of the members of buckskins who panted right at my god why you are here protesting. we are here protesting like we are in all the cities in europe we are protesting against the policies of austerity the policies of troika the policies that are destroying people's lives of europe and we are here in lisbon in front of the i.m.f. where the laws are made on the back of the people and lots of on a democratic way we want the voice to come back toward to move to the people getting this to use ration will have any result of course all demonstrations have results right now unfortunately we have massive demonstrations that would stop some

stocks falling after international monetary fund cut it's outlook for the u.s. economy. authorities on english language behind the oxford english dictionary says the dictionary has been updated to include 1200 new words including tweet this, edition break ones rule, new word needs to be current for 10 years before being included in the dictionary. twitter only began in 2006 but apparently tweeting seems to be catching on enough to be included. 1200 more possibilities in skrubl. zsh-zrabl. -- scrabble. back to you, happy friday. >> young americans turning away from credit cards there has been a drop in the number of people ages 18-29 using credit cards. 8% over those who didn't have one in 2007. as a result credit card debt is going down to just under an average of $2100 per person. coming up michael finney will look at the new technology being used to make every day purchases. >> well it's a warm up out there today. >> yes. getting warmer heading into father's day weekend. >> and i know, i know. arr today. this weekend by a few degrees. so that is why larry does sports a

its website build a bird two thousand and thirteen will be attended by the head of the international monetary fund the president the european commission prime minister of holland chairman of swiss induct national banks and a multitude of trans national see yet despite this same powerhouse gathering there is virtually no coverage from the mainstream media about the policy summit which is especially interesting considering how media moguls have routinely attended the builder board meetings over the years in fact steering committee member david rockefeller allegedly said that he's grateful to media outlets like the washington post in the new york times for keeping the meeting discretionary for almost forty years so what do we know about the build of their group the severe lack of transparency surrounding the event has fostered multiple theories and much speculation about what's really going on behind the meetings closed doors many journalists now activists who have been following the group for years claim that it's members use the meeting to plan global policy domination of the subjugation of the res