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Jun 27, 2011
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mr. papandreou if they vote against it. not only mr. papandreou, greece, the euro zone, indeed, the world economy, as well. that debated will draw to a close on june 29. ministers will vote on the package. if they vote against it, greece will be heading for default. if they approve it, e.u. ministers and imf executives are expected to approve payments due under the first bailout and agree to terms of a second bailout which is also worth around $1 -- 170 billion euros. there is another big date to remember, july 15. that's d-day for greece. default deadline day. without an agreement on the second bailout, the country will simply run out of money. and the repercussions of that will be felt, charles, around the world. >>> on a day of yet more protests in greece and more debate as lawmakers sink their teeth into -- the whole question it seems into the future. linda joins us. one issue surrounds the finance minister. it's down to his persuasive political skills to get the vote through. would you agree, and could he succeed? >> well, at the mo
mr. papandreou if they vote against it. not only mr. papandreou, greece, the euro zone, indeed, the world economy, as well. that debated will draw to a close on june 29. ministers will vote on the package. if they vote against it, greece will be heading for default. if they approve it, e.u. ministers and imf executives are expected to approve payments due under the first bailout and agree to terms of a second bailout which is also worth around $1 -- 170 billion euros. there is another big date...
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Jun 22, 2011
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mr. papandreou has achieved the first step. many greeks feel any further cuts which would see large-scale privatizat ion and many more thousands of greeks out of work must be avoided at all costs. that's a debate which will be set to be closer and even more tense than this vote set for next week. will grant, bbc news. >> our correspondent is in athens and he said the vote of confidence had been crucial to greece's stability. >> if they had not won the vote of confidence, there would have had to have been elections, and that is something the european union didn't want to see at all. and also it was an important step along a road which will was saying will end next week with the passing of the european union with the passing of these austerity measures. then greece will not get the next traunch of aid from the bail-out that was agreed to in 2010. they need that money to pay off debts and not default. there was a foregone conclusion that this fway debate was going to end in a vote of confidence because the rebels that had previous
mr. papandreou has achieved the first step. many greeks feel any further cuts which would see large-scale privatizat ion and many more thousands of greeks out of work must be avoided at all costs. that's a debate which will be set to be closer and even more tense than this vote set for next week. will grant, bbc news. >> our correspondent is in athens and he said the vote of confidence had been crucial to greece's stability. >> if they had not won the vote of confidence, there would...
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Jun 28, 2011
06/11
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mr. papandreou gets it through parliament, he has a hard sell to the people. >> the people in libya have rejected the international criminal court for crimes against humanity. and the mood covered for nato's bombing campaign. but the judge satisfied that there were reasonable grounds that qaddafi and his sons were responsible for the murders. and as the battle grinds on against pro-government forces, the government accused nato of acting too slowly. >> this was his very first day on the front line. already 19-year-old macro is wheeled into surgery, a rocket just tore into his leg. and yet another casualty that those defiant are curdling into destruction. >> deep inside i don't think that nato is helping as much as they should be. there is 31 dead bodies and then they start to shoot. we have dead bodies everyday. >> his brother is told that amputation is the only option. >> a 19-year-old boy, a student in college, and they are going to amputate his leg. for what? because he's fighting for what? he wants his freedom, that's all. that's all. >> the city's weary defenders pause for prayer du
mr. papandreou gets it through parliament, he has a hard sell to the people. >> the people in libya have rejected the international criminal court for crimes against humanity. and the mood covered for nato's bombing campaign. but the judge satisfied that there were reasonable grounds that qaddafi and his sons were responsible for the murders. and as the battle grinds on against pro-government forces, the government accused nato of acting too slowly. >> this was his very first day on...
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Jun 16, 2011
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mr. papandreou has been trying to push through spending cuts and tax rises. protesters say the measures are too harsh. >> it is not about me anymore. it is about our children. i do not see a bright future. >> degrees currently has the worst credit rating in the world. its debt currently stands at 300 billion pounds. the country is receiving 95 billion pounds as part of a bailout package agreed last may. now the eu is debating whether to offer a further 39 billion pound loan. greece's political turmoil is jeopardize and pewter bailout money. analysts believe the international monetary fund and the european union want to seek consensus so the austerity measures can be forced through. but pat and drew up -- but papandreou has failed to achieve that. >> protesters may have succeeded in crippling one government, but it is doubtful whether they are closer to towing of the pains of austerity. bbc news, athens. >> president obama has rejected claims by the u.s. congress that he needs their approval to continue military involvement in libya. white house officials said
mr. papandreou has been trying to push through spending cuts and tax rises. protesters say the measures are too harsh. >> it is not about me anymore. it is about our children. i do not see a bright future. >> degrees currently has the worst credit rating in the world. its debt currently stands at 300 billion pounds. the country is receiving 95 billion pounds as part of a bailout package agreed last may. now the eu is debating whether to offer a further 39 billion pound loan....
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aggressive way so now the government has to face the anger of the angry greeks who are on the road mr papandreou told earlier that we must avoid the countries co-ops are told ghost and the government thinks that this is about to is the only solution and you have to say that a and b. from the socialist mr croom please they cited to vote against the. plan and socialist decide to throw him out of the party but on the other hunter on the other. from the conservatives decided to vote in favor of the misery and then decided to become independent these are the changes that we had today in the parliament it was a process that was due to begin to begin. but finally began three thirty and tomorrow where we are going to have a long process to. august and september we have another inspection and then we are going to see what the results from euro zone and i am if we have to add that to mr barroso and. express their satisfaction. i just want to know ask about the people of greece not the burden that these cuts will place on the greek taxpayer do you think it's worth the sacrifice of the costs that will be pu
aggressive way so now the government has to face the anger of the angry greeks who are on the road mr papandreou told earlier that we must avoid the countries co-ops are told ghost and the government thinks that this is about to is the only solution and you have to say that a and b. from the socialist mr croom please they cited to vote against the. plan and socialist decide to throw him out of the party but on the other hunter on the other. from the conservatives decided to vote in favor of the...
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Jun 21, 2011
06/11
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mr. papandreou's government? >> it's true the resistance is also coming up the line, yes. yesterday, for example, the union of the public power corporation, which is a practical state monopoly at the moment and 90% owned by the government began rolling blackouts in neighborhoods of athens and this is a warning shot across the bows of the government, don't you think about breaking us up or the power corporation. this is the sort of social contract the socialist party is now putting in danger with the unions and groups that are traditionally supported it through election periods and including the last election period that brought george papandreou to power in 2009. the socialist party is now saying i have no choice but to break those contracts, and to bring down entitlements to various social groups and the unions that had the power to resist that will do so. so you will have rising political tensions. >> john psaropoulos joining news athens with the latest, thank you. >>> greece is where it all began, the first eu nation to actually be bailed out, that happened back in may
mr. papandreou's government? >> it's true the resistance is also coming up the line, yes. yesterday, for example, the union of the public power corporation, which is a practical state monopoly at the moment and 90% owned by the government began rolling blackouts in neighborhoods of athens and this is a warning shot across the bows of the government, don't you think about breaking us up or the power corporation. this is the sort of social contract the socialist party is now putting in...
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Jun 16, 2011
06/11
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mr. papandreou to pull things together and the payments to take place is very short. >> cnn's john deaf tefterios>>> in the uk, check out the independent up in. it's gotten an opinion piece. this is the headline, riot all you want. the economic facts remain the same. the the protesters in athens can riot all they want but cannot alter the fundamental economic fact of their country is busted. mainly because it's been consuming more than it produces for years. in greece itself, we have this headline, get serious without further ado. nobody should be fooling around with the country's institutions and creating confusion. >>> finally internet headline why should the u.s. bail out greece "the wall street journal" says, the country's big government has spawned an enormously corrupt state that robz the poor of opportunity and enriches the well connected. if greece is bailed out again, what incentive do its politicians have to change their ways? one issue, many views, read all of those articles in full at facebook.com/w1cnn. you're watching "world one" live from london. >>> those are new nato attacks on l
mr. papandreou to pull things together and the payments to take place is very short. >> cnn's john deaf tefterios>>> in the uk, check out the independent up in. it's gotten an opinion piece. this is the headline, riot all you want. the economic facts remain the same. the the protesters in athens can riot all they want but cannot alter the fundamental economic fact of their country is busted. mainly because it's been consuming more than it produces for years. in greece itself, we...
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Jun 22, 2011
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mr. papandreou has to get parliament to approve a 78 billion euro, about $112 billion worth of tough austerity measures next week. that's not going to go down well with much of the greek public. >> police used teargas in athens on tuesday night as some of the thousands of protesters outside parliament attempted to storm the billing. organizers of the week's long demonstration against the austerity measures are promising bigger rallies before next week's vote. an economist at credit suisse says passing those measures is only half the battle. >> you have a whole series of things that need to be achieved, first of all, the political dimension. the confidence vote, will the austerity vote be passed? them you've got, will it be implemented? the package last year for greece, obviously there have been some failures actually on the implementation of that package in may 2010. then there's the very vext issue of how the debt will be restructured. greece is incapable of repaying 330 billion euros. >> the political situation may be stabilizing, but the economic picture still looks bleak. the head of the c
mr. papandreou has to get parliament to approve a 78 billion euro, about $112 billion worth of tough austerity measures next week. that's not going to go down well with much of the greek public. >> police used teargas in athens on tuesday night as some of the thousands of protesters outside parliament attempted to storm the billing. organizers of the week's long demonstration against the austerity measures are promising bigger rallies before next week's vote. an economist at credit suisse...
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Jun 29, 2011
06/11
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mr. papandreou said, urging a yes to reform. "and this extraordinary admission: the financial system," he said, "is stronger than the will of the people." and for m.p.s barricaded inside, today's vote was a bitter pill to swallow. one showed me the hate mail he'd received from apoplectic constituents. "the measures are unpopular," he said, "but i am voting yes with a heavy heart, for the country and for the unity of europe." this socialist refused to tow his governing party's line. and he was the only one who dared vote no. >> ( translated ): greece is being blackmailed by europe over these measures. this is economic fascism, like hitler! i feel betrayed by the other governments of europe. >> reporter: despite the anarchy on its doorstep, greece's parliament was today terrified effectively told by the prime minister that scenes like these will be child's play, if greece doesn't obey europe's orders. "we either follow the path of change, or the path of destruction," he said. >> sreenivasan: the parliament must vote tomorrow on a
mr. papandreou said, urging a yes to reform. "and this extraordinary admission: the financial system," he said, "is stronger than the will of the people." and for m.p.s barricaded inside, today's vote was a bitter pill to swallow. one showed me the hate mail he'd received from apoplectic constituents. "the measures are unpopular," he said, "but i am voting yes with a heavy heart, for the country and for the unity of europe." this socialist refused to tow...
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systems accusations of treason in the greek parliament so minister mr comey knows stood up and alleged that the prime minister george papandreou was guilty of treason and he said that members of the prime minister's team presided over the sale of one point three billion dollars worth of credit default swap contracts on or around december of two thousand and nine shortly after coming to power so those one point three billion in credit default swaps will now be worth twenty seven billion euros which would miraculously pay off most of these debts or at least continue to allow greece to continue operating without needing to borrow money from the i.m.f. for the next two years but no apparently george pop and sold these one point three billion in credit default swaps that the. bank of public banking arm of the greek government that they own and they had bought for the in the previous few months they say he sold it to a group of friends for forty million dollars profit these group of greek oligarchs are now sitting on twenty seven billion dollars that george propping. handed to him that's right it's a clear case of tyranny and treaso
systems accusations of treason in the greek parliament so minister mr comey knows stood up and alleged that the prime minister george papandreou was guilty of treason and he said that members of the prime minister's team presided over the sale of one point three billion dollars worth of credit default swap contracts on or around december of two thousand and nine shortly after coming to power so those one point three billion in credit default swaps will now be worth twenty seven billion euros...