have co-ops and that of all can over up to the grounding planes all over europe are making the island nation the headliner for weeks on end but that was years ago while today thanks to timely precise policies of the health from the international monetary fund it boasts some of the healthiest growth rates in europe one point six percent and it's no small triumph considering that back in two thousand and eight its banks debt was eight times the annual g.d.p. so the people took it into their own hands and negotiated major debt write offs at times it does seem like it's the only country in europe has got it right take a look at this or to go greece and spain continue to spiral deeper into their financial mess their current deficit to g.d.p. ratio is just under three percent they have no money and plenty of debt but the borel more to serve their bond obligations back in two thousand and eight i slid the deficit to g.d.p. ratio was twice that of the pigs yes iceland allowed its banks to collapse under their own debt wait technically bankrupt the island nation managed to get an impressive job of tu

you and the island nation applied for membership but since then the eurozone has been bogged down in a great deal of trouble itself and now icelanders feel that they are better off outside of the bloc and that is especially so since they already enjoy free trade agreements and are part of the schengen travel area dr stephen a carryover from a british city university believe independence from the e.u. is only helping iceland to recovery. but iceland is the fact that it's. on the edge of the world i mean it's in the it's an isolated nation. and indeed is an island so it's effectively as we say in this country it's stuck it's fingers up at the rest of the world and so we're not giving your your money back home what can you do short of inviting iceland which was never on the agenda it has been to sort of to look to its own sort of look after itself if you like. other european economies such as you i mean i heard you mention ireland portugal they're much more interlinked into europe iceland is not and so what he's been able to do is to sort of concentrates on reinventing the sort of thing

nation. and indeed is an island so it's effectively. country it's just fingers up but the rest the world and so we're not giving your your money back what can you do short of invading iceland which was never on the agenda it has been up to sort of to look to its own sort of look after itself if you like for other european economies i don't know such as you i mean i heard you mention ireland portugal they're much more interlinked into europe iceland is not and so what he's been able to do is to sort of concentrate on reinventing the sort of things it's good at which it's as i say it's indigenous industries there was talk about joining the e.u. but i think that that's out of the question that they realize that this is their best strachan for recovery is remain isolated or to sort of to be independent as it were europe does not offer salvation. and the later in the program we'll be reporting on the saga of ukraine's jailed former prime minister. the news is not good for you who has just been denied a pardon and on top of that she is now fa

nation. and indeed is an island and so it's effectively. in this country it's stuck it's fingers up at the rest of the world and so not giving your money back home what can you do door to invade the iceland which was never on the agenda it has been up to sort of to look to its own sort of look after itself if you like. other european economies such as i mean i heard you mention ireland portugal they're much more interlinked into europe iceland is not and so what he's been able to do is to sort of concentrates on reinventing the sort of things it's good at which it's isolated from the industries there was talk about joining the e.u. but i think that that's out of the question that they realize that this was their best strachan for recovery is true main isolated to sort of to be independent as it were europe does not offer salvation. still to come new twists in the ukrainian thriller soon coming to light this is the country's former prime minister yulia timoshenko has had her bid for a part rejected and now could be charged even with murder t

and the island nation applied for membership since then of the euro zone has been bogged down in a great deal of trouble itself and now more icelanders of fuel they'd be better off without the block that's especially since they already enjoy free trade agreements and are part of the schengen travel area let's talk more on iceland and its recovery from prius crisis shock with total for my mate this isn't the economy it's a professor at the university of iceland mr mason so do you think iceland itself doesn't need the support of the e.u. . well what this complicated question. of the state of affairs in the european union is now that it doesn't seem to be truculent you would be willing to join. you have to remember that iceland is aware of the small nation we are only three hundred twenty thousand three hundred of them twenty thousand. so there are things that we. have problems with and one of the biggest problems we will have in a few runs our current we have been trying to run. according to the smallest area in the world for the icelandic krona on the internet and. directly and indirectly

nation. and indeed is an island and so it's effectively as we've seen in this country it's stuck it's fingers up at the rest of the world and so we're not giving you all your money back home what can you do short of inviting iceland which was never on the agenda. has been able to look to its own sort of and to look after itself if you like. european economies such as you have. you mention on in portugal much more into linked into europe iceland is not and so what he's been able to do is to sort of concentrates reinvent things it's good up. industries but there was talk about joining the e.u. but i think that that's the question that they realize that this. recovery has to remain isolated to be independent as it were. assumed to come to light this is the country's former prime minister yulia timoshenko has just had her baby for a pardon rejected and she could be charged with murder after a short break stay with us. which is a cultural contemporary i mean to logically tory and so joining me to honor. the second as we bring you the glitz and the best in the. international and the world in the ve

have collapsed and that of all came over up to grounding planes all over europe air making the island nation the headliner for weeks on end but that was. years ago while today thanks to timely precise policies of the health from the international monetary fund it boasts some of the healthiest growth rates in europe one point six percent and it's no small triumph considering that back in two thousand and eight its banks debt was eight times the annual g.d.p. so the people took it into their own hands and negotiated major debt write offs at times it does seem like it's the only country in europe that's got it right take a look at this or to go our england greece and spain at the countries known as the pigs continue to spiral deeper into their excruciating financial mess their current deficit to g.d.p. ratio is just under three percent they have no money and plenty of debt but the borel war to serve their bond obligations back in two thousand and eight i slow deficit to g.d.p. ratio was twice that of the pigs yes iceland allowed its banks to collapse under their own debt wait technically bankru

nation. it is an island so it's effectively. his country it stuck its fingers up to the rest of the world and so we're not giving your your money back home what can you do short of invading iceland which was never on the agenda it has been up to sort of to look to its own sort of look after itself if you like for other european economies such as you i mean i heard you mention ireland they're much more interlinked into europe iceland is not and so what he's been able to do is to sort of concentrate on reinventing the sort of things it's good at which it's as i say it's vigilance industries there was talk about joining the e.u. but i think that that that's the question that they realize that they're sort of their best strachan for recovery is truman isolated or to sort of to be independent as it were your office over. coming up a new twist in the ukrainian three little may soon come to light that the country's former prime minister yulia timoshenko has just had a big fall rejected and run over she could not be charged with murder

pigs yes iceland allowed its banks to collapse under their own debt wait technically bankrupt the island nation managed to get an impressive job of turning its economy around its banking sector return to profitability its business was restructured their debt and it kept growing and many of their people were able to keep their homes. and five years after the most devastating financial meltdown in the history it boasts of the lowest jobless rate in europe less than five percent now those own strongest the con germany has five point four percent so if some think it's iceland that was humiliated the world over they should definitely think again. this is all see and coming out upping the pressure ukraine's former prime minister yulia timoshenko could soon be charged with murder has already serving a seven year prison sentence and this could see her behind bars for life. plus one who came to why americans are losing faith in the world presented to them by the u.s. media powerhouses the details of that just. won't do the trick good makes computers these days so super is the memory that russian researc

yes iceland allowed its banks to collapse under their own debt weight technically bankrupt the island nation managed to get an impressive job of turning its economy around its banking sector return to profitability its businesses restructured their debt and it kept growing and many of their people were able to keep their homes and five years after the most devastating financial meltdown is history it boasts the lowest jobless rate in europe less than five percent now the euro zone's strongest economy germany has five point four percent so it's something it's iceland that was humiliated the world over they should definitely think again. and coming out for you this hour upping the pressure ukraine's former prime minister yulia timoshenko could soon be charged with murder she's already selling a seven year prison sentence on this could see her behind bars all night all the details on that just ahead after the break. my ski theatre i'm a the second to be a.b.c. money in stevia to two which is both a cultural contemporary i wanted to logically serve the auditoriums so join me to almost say honore

yes iceland allowed its banks to collapse under their own debt weight technically bankrupt the island nation managed to get an impressive job of turning its economy around its bank sector return to profitability its business restructured their debt and it kept going and many of their people were able to keep their homes and five years after the most devastating financial meltdown in the history it boasts the low end europe less than five percent now the euro zone's strongest economy germany has five point four percent so if some think it's iceland that was humiliated the world over they should definitely think. while the u. has been beefing up support for the sewer and rebels and in fact volunteers heading for the war zone is stoking fears of a homegrown terror threat officials say radicalized youngsters could pose a serious security threat when they return from the front lines hundreds of europeans are said to have already taken part in the conflict and king's college london estimates that the biggest share of them as many as one hundred thirty four all british the report goes on to say tha

they were apparently celebrating their fifth wedding anniversary on the communist island nation.'m vicki liviakis kron 4 news. still ahead. a warning what's in red meat that could lead to heart disease. plus: which airline just received the top ranking. next. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that's all we watched. and we liked it! today's kids got it so good. [ male announcer ] call to get u-verse tv starting at $19 a month for 2 years with qualifying bundles. rethink possible. with qualifying bundles. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. before you bite into that big steak dinner, you might want to reconsider. n

. >> kerry left japan this morning where he promised to protect the island nation from north korean threats. coming up at 7:00, the "today" show will sit down with john kerry to found out how the u.s. will respond if north korea launches a missile test. >> senators could vote as early as wednesday on one proposal to expand background checks on anyone buying a gun. we expect susan collins to vote for it. this week we expect to see an immigration reform bill. it will allow millions of undocumented citizens to become citizens. >% >> in fact there will think question questions to violate the law. but the type that there is no incentive to do it this way again. pk key senators will find out the pd details today. >> new controversy this morning surrounding the local man schosn to serve. his actions as the nation's top civil rights attorney are raising eyebrows. they are accusing him of being urged to drop a case. the cases could have returned $200 million to taxpayers. the justice department said they cleared the deal. new this morning, the faa orderiorde ordering special inspections for 787s. th

out raising the figure the mood has been grim at the meeting in dublin as it emerged that the island nation needs around six billion euros more than originally thought to avoid bankruptcy the cypriot government will now have to raise the extra funds without external help and after the recent raid on bank deposits are there now deep concerns over the president that's been set as our teachers are silly reports. it dominated headlines for much of two weeks a year reserved nation on the brink of bankruptcy banks were closed cash rationed and capital controls put in place cyprus of those heavy losses which could rise to up to sixty percent on wealthier depositors in order to clinch a ten billion euro e.u. i.m.f. bailout last month it had however initially planned to would reduce a levy on deposits of less than one hundred thousand euros supposedly protected by state guarantees before backtracking in the face of widespread protests this has been a meeting away from protesters for the past few days it's just a few meters from parliament which is stressed over here but people's early voices did lit

the tiny island nation with a huge banking system allowed depositors to withdraw cash for the first time in a week, but there was a limit of 300 euros per person per day, all part of a bailout plan to rescue cypriot banks. >>> meanwhile, boeing's dreamliner completed a successful test flight as the company hopes it has overcome finally those heating problems with its lithium-ion batteries. boeing needs permission to resume flights from the faa, and there are reports it may face another challenge, namely, a temporary ban on some long distance flights. one airline ceo says he has full confidence in the dreamliner, but he is concerned about something else, the impact of the sequ

. >>> on the resort island nation of mauritius off the southeast coast of africa, massive flooding has killed at least ten. many of the victims were swept away by fast-rising waters. look at that. more than six inches of rain fell in less than one hour and more is expected. >>> and a purse snatcher in australia runs head first into a glass window, and it's all caught on tape. the man allegedly stole a purse from a 50-year-old woman at a mall in perth. security cameras show the culprit running and crashing into the glass, knocking him flat on the ground. bystanders were initially unaware of the robbery and tried to help the man before an accomplice stepped up and threatened them to let him go. the alleged thief and accomplice got away in a stolen car. >>> to the world of wall street. jackie deangelis joins us with this monday morning's business headlines. jackie, good morning. >> good morning, richard. the markets looking to continue their winning ways as we kick off the second quarter today. the dow coming off its best first quarter since 1998. remember, since 1950, april has been the

. >> that is about 1/10 of the overall package for the cash- strapped island nation. the largest aid payment is to come from the eu. earlier, the cypriot finance minister was sworn in at the presidential palace. he promised to fully implement the terms of the bailout. it does, however, still need to be ratified by the national parliaments of the other eurozone member states. inflation in the eurozone continues to be a concern, although the rate of increase has fallen to its lowest level in almost three years according to newly released numbers. >> consumer prices rose by 1.7% compared to the year before. it is the third month in a row that inflation has slowed. analysts say prices are affected by the recession and high unemployment. that inflation data has traders speculating about what the ecb might do at its policy meeting this week. our correspondent has more from the frankfurt stock exchange. >> the relatively low consumer price inflation in the eurozone -- this caused a lot of speculation on the markets. what will the european central bank decide this thursday in

congressional lawmakers are inquiring whether the music mogul violated federal law by traveling to the island nation for primary purposes of tourism. an itinerary notes they visited a children's theater group and local school. >>> transatlantic flights getting bumpier thanks to global warming changes. in atmospheric pressure and jet streams. that's according to the international energy agency, which also says carbon dioxide emissions will cause longer flights and require more jet fuel by 2050. >>> sequester budget cuts could lay the federal terrorism trial of osama bin laden's son-in-law until next year. they don't have the money or ability to properly defend him in that high-profile case. >>> and in argentina, a businessman is successfully passing off ferrets on steroids as poodles. local news says one duped customer took his pet to the vet only to find out it was only a giant weasel. >>> we go to cnbc. good morning. >> i don't know how i'm going to follow that up, richard. good morning. meet the new boss, jc penney firing ceo ron johnson after a disappointing tenure that saw his turnaround strateg

it's also an island nation. i'm sure this isn't the first time they've seen this flooding. this scenario looks more dire. you see a car, that's a bmw stuck in the floodwaters. the water is rushing up over the hood and over the roof of this car. >> and you think there can't be anybody in there. until one person -- there's a family of five trapped inside this car. this the girl gets on top of the roof. she slips. >> be careful! >> nearly falls off the car. more and more people come out and seek refuge on top of the car. another woman gets out, also losing her footing. she grabs herself on the railing just to the side of the car and mansion to hang on. luckily. luckily, these people were taken to safety. they're okay. these floodwaters killed at least 11 people right now people reports say. most caught in underground areas like subways and parking garage areas they couldn't get out of quick enough. >> couple of surveillance videos for you guys. this first one going to make you laugh. at a car wash in houston, texas. you see this truck pull up and he sees something inside this

victory there is likely to put an end to iceland that session told from the european union the island nation was desperate to join in the aftermath of its financial collapse but enthusiasm has waned regime eggers seen widely as a textbook example of efficient recovery and it all happened without any major also sorry to cut dr stephen mccabe from birmingham city university believes iceland's independence from the e.u. is actually hey helping it to recover. there was talk about joining the e.u. but i think that that's the question that they realize that the best structure for recovery is to remain isolated or to sort of to be independent as it were europe does not offer salvation i mean what iceland does have is the fact that it's in relative terms on the edge of the world i mean it's in the it's an isolated nation . and indeed is an island so it's effectively as we say in this country it's stuck it's fingers up at the rest of the world and so we're not giving your your money back home what can you do short of invading iceland which was never on the agenda it has been up to sort of to look to

. >> we want to take to you pad gas car now, the island nation off the southeastern coast of africa.e there are deali with a modern day plague, not lice or frogs or boils, as wesee, it's locusts. >> this is what the locust invasion looks like that's threatening madagascar's 22 million people. most already live below the poverty line. and now the locust are devouring large amounts of rice and corn, the main staples there. >> if we don't react as planned by june, actually, there will be a famine. >> alexander winn is with the united nations food and agriculture organization. he's stationed in madagascar. >> all those people, two-thirds of the population will have big problems accessing food. >> reporter: a tropical cyclone crippled their food supply back in february. 14,000 acres of crops were flooded making matters worse, all that water created a perfect breeding environment. >> these swarms can move hundreds of kilometers. >> reporter: princeton university ian you could in-- cousins is an expert on locust behavior. >> so we are really dealing with locust that are growing, breeding, t

a sentiment echoed throughout the tiny island nation. with scenes like these becoming a daily occurrence another day in nicosia cyprus another protest though this one in particular is a gathering of that the police of the country's largest lender the bank of cyprus but they worry that the company is headed for collapse and they may eventually lose their jobs though many cypriots told me that they are well aware that this is just the beginning of a long hard road i believe that. europe is germany's told because we are a small economy they felt that the consequences would be minimal what they don't know is that the president has been said and what happened today in cyprus could easily happen tomorrow to italy to front soon to spain we just want to be left alone to pick up the pieces and get on with our lives to cyprus is part of your peer european union system falls and for. paying the money through the european union to have. the other two contras you may embarrass. no but is that cyprus have a problem or it's because you know economy or

from virtual bankruptcy iceland is quickly becoming the northern hemisphere come back again the island nation's banking sector collapse spectacularly in two thousand and eight with tax pays making it clear they weren't about to pick up the tab hugo piece kind of looks where that's left the country half a decade on. though not a member of the eurozone or the european union for years iceland was considered the most effective from the liberal free market economy in europe that was until its bankruptcy in two thousand and eight foreign debt spiked banks closed down and the national currency plummeted the walled bank european union and the international monetary fund also known as the troika demanded that iceland be up at the time it meant every citizen would have to pay one hundred euros per month for the next fifteen years to cover the debt of private bankers nationwide protests erupted sounds familiar except unlike in cyprus greece portugal and others these protests made iceland's president reject the troika's demands and the trio went while threatening isolation and sanctions even raising compar

though is likely to put an end to talks in iceland session talks with it you are peon union and the island nation was desperate to join in the aftermath of its financial collapse but enthusiasm has since wayne reykjavik is seen widely as a textbook example of efficient recovery at all happens without any major stary cuts well let's get now more perspective a country's financial footing editor of popular economics dot com green is a reason thanks so much for us here on r t so how have they how have the people who oversaw iceland's financial collapse in two thousand and eight managed to come to power now i believe it's because they are against joining the euro and i believe that's what the icelanders are voting for now is not to get into the euro which is which the socialists were doing they were negotiating there was some state employees but i think the icelanders just said they don't want to join the euro they're doing quite fine with their own are well the result is being also called a no vote on e.u. membership so do you see this as the key issue in this election. i think right now they get alm

north korea has warned japan that tokyo will be its number one target in case a war if that the island nation maintains its hostile stones old tries to intercept any of pyongyang test missiles the threat came in response to japan statement that it would shoot down any north korean missile heading towards its territory i mean while the u.s. has a range rated it would never accept north korea as a nuclear palm the comments came from secretary of state john kerry he's visiting seoul earlier i mistakenly published pentagon intelligence reports suggested pyongyang may be able to deliver a nuclear weapon well the ballistic missile from washington has been trying to downplay the assessment but many experts believe the u.s. might be benefiting from keeping the situation on a knife edge there is another game being played because the united states is ramping up its military facilities in southeast asia obviously for seeing that china will become a super power and all the time kim jong un has repeatedly said and he said one month ago we don't want war we want to talk and what must be done now is rather

the island nation. but whose voters. and those. who break the deadlock in this conflict comes to pass what are the possible outcomes. and welcome back you're watching our team in iraq more than two hundred people have been killed in the sectarian bloodshed over the last week on tuesday the military raided a sunni anti-government protest camp that resulted in around fifty civilian deaths and a gun battle there later the iraqi government blocked ten news channels from operating inside the country including the qatar based al-jazeera broadcasters were accused of misleading and unethical coverage that stoked the religious violence with no sign of peace between the sunni and the ruling of shia communities iraq's prime minister warns the state is dragging itself into a civil war. s.o.s. iraq believes it's the terrible situation in the country as well as the government's actions that are driving people to violence. after ten years of occupation because we consider distil an occupation there is still no basic services people are randomly a

crisis still running hard to iceland cold feet over joining when we come back with force on the island nation that bounce back but those voters have turned to decide of the euro skeptic. my skis i'm a this i going to be a b. money in stevia to choose which is both a cultural contemporary i am technology to serve the auditoriums so join me to almost say honored c m a the second as we bring you the glitz the glamour and the best of the best in the performing arts pride of marines to team. the international airport in the very heart of moscow. welcome back you're watching our t.v. now the number of hunger striking going to animal prisoners like knowledge by jail officials has jumped to over one hundred this week now the figures has doubled since the military conducted a violent raid in the facility forcefully moving inmates refusing food into singles male cells and imposing a lockdown two weeks ago now the number is still follow was then that of the detainees lawyers claim it is now the last they believe that as many as a hundred and thirty people are actually taking part in this a protest again

still running hard to iceland's getting cold feet over joy name when we come back reports on the island nation the bones back but who is right is trying to decide if the euro skeptic. ski theatre i'm a sad going to be obese money in stevia to two which is both a cultural contemporary i don't tell you logic to serve the auditoriums so join me to almost say on our t m a the second as we bring you the glitz the glamour and the best of the best in the performing arts grind here at marine stevia to team. the international airport in the very heart of moscow. welcome back you're watching our team now the number of hunger striking guantanamo detainees has not been acknowledged by just one hundred this week now that figure has doubled since the military conducted a violent draped in. the facility forcefully moving inmates refusing food to single men cells and imposing a lockdown two weeks ago now that number is still follow was that some of the detainees attorneys actually claim now they believe as many as one hundred thirty people are taking place in this protest the protest protesters are protesting

international bailout the mood been grim then at the ministers meeting in dublin as it emerged that the island nation needs around six billion euros more than originally thought to avoid bankruptcy the cypriot government will now have to raise the extra funds without external help and after the recent raid on bank deposits there are now deep concerns too over the president has been set as artie's tests are of similar reports. hopefully that report will be coming up in just a second oh indeed we're going to go back to our top story sure the ski report will bring a test his report in just a moment thanks for bearing with us ok. i gather you're with me now in washington d.c. hi there girl you know good to get to you know at last the list has been released the names have been announced what do we know about that tonight we know there are going to be ramifications about it from moscow but who is on this list what do we know. well kevin the black list includes eighteen names those are russian officials suspected of being responsible for the prison death of the lawyer sergei magnitsky in two thousand and ni

just the beginning of an oncoming wave of austerity measures that will sap the strength of that island nation's biggest industry finance a depression for them anyway he warns is on its way o'brien urges cyprus to leave the euro to save itself from collapse while some sort of economic decline is all but inevitable a eurozone exit according to o'brien at least would allow cyprus the freedom to devalue its currency in exchange short term pain for long term gain so should cyprus leave the e.u. . let's ask ann leigh adjunct professor of economics and finance at new york university and author of the book what the u.s. can learn from china and openminded guide to treating our greatest competitor as our greatest teacher and lee welcome but welcome to the program. thanks for having me thank you for joining us your thoughts on cyprus or frankly any of these eurozone countries that find themselves sort of battled right now leaving the eurozone. i would say that leaving the euro zone would be the biggest mistake for any of them including cyprus this idea of devaluation says save them is completely wrong he