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mr. tsipras. >> reporter: the whole, he was consistent with what he said he would do during the electionampaign. i think this will go down well with a greek audience a domestic audience. for example, he is talking about raising the minimum wage up again. he is talking about a return to collect zarif bargaining with trade unions. he is talking about providing free medicine and food and housing and electricity to thousands of greeks who have been caught up in what he calls a humanitarian crisis. he talked about the barbarism of austerity. he said that the bail-out program for greece had failed. it was no longer acceptable and that when it ends on february the 28th greece would not be asking for an extension. contrary to the wishes and the advice that he is receiving, say, from the german group crucially but from other major european institutions in this prolixus. >> isn't that the point, barnaby away from the domestic audience, there will be others watching closely in europe and elsewhere. mr. tsipras and finance marble sten have best left no doubt there are many who don't want these polic
mr. tsipras. >> reporter: the whole, he was consistent with what he said he would do during the electionampaign. i think this will go down well with a greek audience a domestic audience. for example, he is talking about raising the minimum wage up again. he is talking about a return to collect zarif bargaining with trade unions. he is talking about providing free medicine and food and housing and electricity to thousands of greeks who have been caught up in what he calls a humanitarian...
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Feb 4, 2015
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mr. tsipras is on his way there now. and in germany tomorrow. those will be key meetings as well as what's the outcome of what's happening in frankfurt, the european central bank the greek finance minister is there. in terms of how it might work, still a big difference. yes, greece is talking about restructuring, changing the way the whole deal works so that its debt become tied to the economic
mr. tsipras is on his way there now. and in germany tomorrow. those will be key meetings as well as what's the outcome of what's happening in frankfurt, the european central bank the greek finance minister is there. in terms of how it might work, still a big difference. yes, greece is talking about restructuring, changing the way the whole deal works so that its debt become tied to the economic
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mr. tsipras and his minister of finance will discuss with mr. schauble and later on with miss merkel and find a way. >> mr. tsipras would like to get to be forgiven or restructured. what kind of message would give to other countries that are indebted with financial problems, like spain and to go? could not -- spain and portugal? could not the whole eurozone unravel? >> we have a similar situation in spain. there are strong horses -- forces in the political landscape. we will have elections there too. we have to change it. it is the premise they get to their voters. i think it is -- it is the promise they gave to their voters. i think it is the right thing to do. >> is this reason party -- the syriza party in coalition with the far right party? they disagree on anti-austerity measures. how do you explain that? >> it is a very complicated thing. in our party, we are not very comfortable with it. if you look at the results of the last elections, there was no other alternative. even the past, they made a coalition in 2011 with a much more right-wing
mr. tsipras and his minister of finance will discuss with mr. schauble and later on with miss merkel and find a way. >> mr. tsipras would like to get to be forgiven or restructured. what kind of message would give to other countries that are indebted with financial problems, like spain and to go? could not -- spain and portugal? could not the whole eurozone unravel? >> we have a similar situation in spain. there are strong horses -- forces in the political landscape. we will have...
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mr. tsipras.e talked about germany may be repaying loans that were forced upon greece during world war ii. he said he would seek reparations from germany during the nazi era. minimum wage, 751 euros a month and he wants to increase the ceiling for what greeks can earn tax-free. both of those were crucial elements that had been reversed by the bailout program. >> was there anything for creditor countries to cheer? >> a couple things. he wants to diminish the power of oligarchs and clamp down on tax evasion. that's something the germans have talked about. it is this question of whether you can take the bailout program a la cart. mr. rivera farkas said -- mr. varro fact is said 70% was fine. that might not fly with other finance leaders. >> hans nichols in berlin. >> up next, chinese imports fall to a five-year low thanks to falling commodity prices and week domestic demand. we will be gauging market reaction when we come back. ♪ it's frustrating being stuck in the house. good thing xfinity's got 2 h
mr. tsipras.e talked about germany may be repaying loans that were forced upon greece during world war ii. he said he would seek reparations from germany during the nazi era. minimum wage, 751 euros a month and he wants to increase the ceiling for what greeks can earn tax-free. both of those were crucial elements that had been reversed by the bailout program. >> was there anything for creditor countries to cheer? >> a couple things. he wants to diminish the power of oligarchs and...
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mr. tsipras. harsh words for mr. wolfgang schaeuble. >> yesterday, the german finance minister mr.euble lost his composure. not because he spoke against the greek government because he spoke against the greek people. i would like to say that he would do better to pity those people who walk with their heads bowed. hans: that seems a little personal. we will see how that goes down in berlin. whenever we get the offer proffered by the greek s in brussels, we will see how much that differs from the moscovici proposal, what mr. tsipras was offered monday night. that was never cleared by the european finance ministers. we will wait to see what the agreement is and then we will see how markets react. guy: can i take you to frankfurt and talk about the meeting today? is there any suggestion that the ela funding for greek banks will be cut? there seems to be noise from germany that the germans are not comfortable with the current program. where do we sit? hans: two weeks ago at about 9:30 on wednesday night we got a line from the ecb that they are not going to be accepting greek collateral
mr. tsipras. harsh words for mr. wolfgang schaeuble. >> yesterday, the german finance minister mr.euble lost his composure. not because he spoke against the greek government because he spoke against the greek people. i would like to say that he would do better to pity those people who walk with their heads bowed. hans: that seems a little personal. we will see how that goes down in berlin. whenever we get the offer proffered by the greek s in brussels, we will see how much that differs...
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mr. tsipras facing some awkward questions later today.nd the discussions that are going to be taking place, leaders are likely to move toward issues like ukraine and russia instead of specifically greece because there's isn't too much yet to talk about. mine you this does of course put russia front and center because greece has said it could look elsewhere for money. as europe's leaders grapple with solving the unrest in ukraine, a crisis within the bloc's own borders could make russia more relevant than ever. as greece threatens to turn to moscow for money if brussels won't yield. >> translator: what we want is a deal. but if there is no deal and if we see that germany remains rigid and wants to blow apart europe then we have the obligation to go to plan b. plan b is to get federal funding another source. could be the united states at best, it would be russia, it could be china or other countries. >> reporter: a weary country with a radical government looking east not west to refinish its 240 billion euros worth of debts. how likely a de
mr. tsipras facing some awkward questions later today.nd the discussions that are going to be taking place, leaders are likely to move toward issues like ukraine and russia instead of specifically greece because there's isn't too much yet to talk about. mine you this does of course put russia front and center because greece has said it could look elsewhere for money. as europe's leaders grapple with solving the unrest in ukraine, a crisis within the bloc's own borders could make russia more...
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mr. tsipras is on his way there now. and in germany tomorrow.ngs as well as what's the outcome of what's happening in frankfurt, the european central bank the greek finance minister is there. in terms of how it might work, still a big difference. yes, greece is talking about restructuring, changing the way the whole deal works so that its debt become tied to the economic growth rate in greece. a repayment of those, the interest rates tied to the rate of economic growth. that doesn't seem to be going down very well in germany. where there have been common -- never, ever loans, never be repaid back again. maybe some compromise for things on the budget surplus that greece is required to have. to lower that so that effectively freeing money for the new government to spend. there is room there, but still big, big differences. >> yes, lots of difficult negotiations ahead. i'm sure. damian grammaticas live in brussels. >>> stay with us here on "bbc world news." still to come -- a woman from pakistan accused of blasphemy speaks out. you pay your auto in
mr. tsipras is on his way there now. and in germany tomorrow.ngs as well as what's the outcome of what's happening in frankfurt, the european central bank the greek finance minister is there. in terms of how it might work, still a big difference. yes, greece is talking about restructuring, changing the way the whole deal works so that its debt become tied to the economic growth rate in greece. a repayment of those, the interest rates tied to the rate of economic growth. that doesn't seem to be...
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mr. tsipras wand a sort of bridge being agreement. >> we will say it again and again. grease wants to service its debt. if our partners want this too they can join us at the table to find a way to make it viable. >> but to be viable, the greek government needs to deal with debts totally around $362 billion. and it will need to reassure euro zone members that it is serious. >> i think it's the right time to hear from the greek government what their proposal would be to move forward and we'll have a first round debate on that. i don't expect conclusions. it will take time, they are complex matters. different views. it will take time but we'll have a first round of constructive debates next wednesday. >> the new greek government has introduced some minor cuts to ministerial budgets. but its central rejection of austerity and its endorsement of a higher minimum way remain. mean the debate with euro group leaders on wednesday may not be so constructsive. dominic kane, al jazeera. >> coming up on al jazeera the family of jailed al jazeera journalist mohamed fahmy says there
mr. tsipras wand a sort of bridge being agreement. >> we will say it again and again. grease wants to service its debt. if our partners want this too they can join us at the table to find a way to make it viable. >> but to be viable, the greek government needs to deal with debts totally around $362 billion. and it will need to reassure euro zone members that it is serious. >> i think it's the right time to hear from the greek government what their proposal would be to move...
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mr. tsipras himself how he proposes to come back with counterproposals in order to get compromise from european union. he would have been glad to hear angela merkel on her way in that there was a willingness on behalf of the eu to compromise but the question of its credibility at stake. clearly having a mandate to change the rules of this bail out program. we'll see how sympathetic eu members have been. don't forget, all the while the clock is ticking. there's another finance ministers meeting next monday. 28th of february lauren the deal has to be signed because that's when the greeks desperately need some more bail-out cash. >> simon mcgregor wood, thawsmed. thawsmed. thank you very much indeed. crack down on individuals and companies of oil traded on islamic state of iraq and the levant and other al qaeda-linked groups. >>> an iraqi special forces unit left stranded in the beiji refinery area, as imran khan reports, there are still large portions of beiji still held by the group. >> reporter: in mid november iraqi forces retook the town of beiji. but the forces were stretched and having secu
mr. tsipras himself how he proposes to come back with counterproposals in order to get compromise from european union. he would have been glad to hear angela merkel on her way in that there was a willingness on behalf of the eu to compromise but the question of its credibility at stake. clearly having a mandate to change the rules of this bail out program. we'll see how sympathetic eu members have been. don't forget, all the while the clock is ticking. there's another finance ministers meeting...
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mr. tsipras. >> as the country asserts its sovereignty a better deal can be struck they assume.siropolous, al jazeera athens. >> it is estimate they'd at least three tons of cocaine passes through algeria in a year. security forces hope that won't be the case anymore. as mariana sanchez reports. >> drug traffickers here in the most active drug route in hoandz the honduran route they say the planes left behind were transporting cocaine mainly from colombia and venezuela. but it is a seemingly never-ending task. this is the fifth time the army has tried odestroy this landing strip but look at the damage. the traffickers get local people and in less than 24 hours they repair them. mangroves lakes and rivers intertwine with patches of land. traffickers use this complex territory to load drugs on trucks to head inland or to mexico and the northwest. many of the local community is involved in the trade. >> translator: speed loatsspeedboats or light planes, many people wait for them to try out their luck. >> reporter: but local fishermen here say they've never seen any drugs on the bea
mr. tsipras. >> as the country asserts its sovereignty a better deal can be struck they assume.siropolous, al jazeera athens. >> it is estimate they'd at least three tons of cocaine passes through algeria in a year. security forces hope that won't be the case anymore. as mariana sanchez reports. >> drug traffickers here in the most active drug route in hoandz the honduran route they say the planes left behind were transporting cocaine mainly from colombia and venezuela. but it...
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mr. tsipras said he wants to remove. >> the leaders of france german and russia will meet to discuss wayso ends the conflict in eastern ukraine. they made that decision after a phone conference. pro- reportedly expected to attend the new round of talks. >> the ruling party is trailing behind the taent corruption in delhi's state elections. more from new delhi. >> most opinion polls are projected the common man party will in fact win the delhi state party. final results are on tuesday. two ways of looking at the projected numbers. on one hand, a symbolic loss for the djp party which has until now, many suggest, ridden a modi wave following last year's landslide national election victory individual indication for the newest party that it has. perhaps the numbers it needs to governor the state of delhi also a platform to look at things to come in terms of its development in indian politics and we have to mention the congress party. it's been a big dominant part of indian politics for about a century now. but it looks like it's been absolutely an aisliated in this election interesting to see
mr. tsipras said he wants to remove. >> the leaders of france german and russia will meet to discuss wayso ends the conflict in eastern ukraine. they made that decision after a phone conference. pro- reportedly expected to attend the new round of talks. >> the ruling party is trailing behind the taent corruption in delhi's state elections. more from new delhi. >> most opinion polls are projected the common man party will in fact win the delhi state party. final results are on...
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mr. tsipras, the prime minister of greece, has condemned that cartoon. heading into this meeting, it does look like the greeks are perhaps the most optimistic. here is what mr. tsipras said over the weekend. "we are looking at difficult negotiations on monday. nevertheless, i am full of confidence." that is the line out of greece. they just have to have their meeting. i will be getting on a plane shortly. >> covering everything from the ground. in the meantime, it looks like varoufakis and tsipras have a stronghold. the germans are very skeptical. >> you can look at the 20,000 crowds last night in one of two ways. one, it is holding their feet to the fire. or two that might put them in a better position to cut a deal and go back on some of their campaign promises. but francine, whatever gets agreed to, if there is an agreement a reshuffling or longer-term maturity, or some sort of new bailout program, it has to pass every individual parliament. that's why you may be hearing some tough talk from schaeuble. whatever he comes back with, he's going to need t
mr. tsipras, the prime minister of greece, has condemned that cartoon. heading into this meeting, it does look like the greeks are perhaps the most optimistic. here is what mr. tsipras said over the weekend. "we are looking at difficult negotiations on monday. nevertheless, i am full of confidence." that is the line out of greece. they just have to have their meeting. i will be getting on a plane shortly. >> covering everything from the ground. in the meantime, it looks like...
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mr. tsipras and his team.f greece say the only way to get rid of the pressure is to step out of eurozone, it is up to them. we have prepared for this moment. >> ok. on that note, i'm going to leave it. great pleasure speaking with you. it is a very busy morning. michael fuchs joining us, a key advisor to angela merkel's christian democratic union from germany. we are going to take a break. back in a couple minutes. the conversation will continue. ♪ >> welcome back. you are watching "the pulse." i'm guy johnson and these are the bloomberg top headlines. the governor of russia's central bank has told bloomberg that it is unlikely to reverse last month's surprise rate cut. in her first interview with an international broadcaster, elvira nabiullina also said the bank of russia will stick to its pledge to avoid currency intervention unless the swings threaten financial stability. greece's prime minister has reaffirmed his government's reelection of the country's international bailout program. in a speech to greek p
mr. tsipras and his team.f greece say the only way to get rid of the pressure is to step out of eurozone, it is up to them. we have prepared for this moment. >> ok. on that note, i'm going to leave it. great pleasure speaking with you. it is a very busy morning. michael fuchs joining us, a key advisor to angela merkel's christian democratic union from germany. we are going to take a break. back in a couple minutes. the conversation will continue. ♪ >> welcome back. you are...
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mr. tsipras scuttled the deal. the headlines are crossing right now on this just informing us what is in the details of the deal. that is going to be the next question. what does this deal encompass? germans were very firm heading into it. they can have a discussion about some sort of interim financing and then renegotiate potentially the entire debt that greece owns. >> what happens if the deal is it reached? >> well, there is still this weekend to work things through. if a deal isn't reached, you could always have the actual prime minister's and presidents gather here. he is a former polish politician has ruled out a sunday meeting. that makes a monday meeting possible. it is an effective three day weekend. that seems less likely if it does appear. reports are trickling out of this finance ministers meeting in brussels. it looks like we may have some sort of an agreement. >> what about the length of this extension, why would that matter either way? >> four months appears to be what is for. six months if it is a l
mr. tsipras scuttled the deal. the headlines are crossing right now on this just informing us what is in the details of the deal. that is going to be the next question. what does this deal encompass? germans were very firm heading into it. they can have a discussion about some sort of interim financing and then renegotiate potentially the entire debt that greece owns. >> what happens if the deal is it reached? >> well, there is still this weekend to work things through. if a deal...
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tsipras. we don't have a lot of details about the content of those calls, but we can only assume that mr. citrus -- tsipras has been trying to get mr. hollande too soft in the line on greece -- mr. hollande to soften the line on greece. france is not showing any signs of raking with -- of breaking with the eurozone finance ministers. we are not expecting president hollande to suddenly shift later this morning when he gives that press conference with angela merkel. i think it will be very similar to recent french language, very diplomatic, sitting on the fence language, if you will, about the need to find a mutually acceptable solution for greece and its international creditors. annette: the other big news story today is the fact that the cease-fire in the eastern ukraine is looking increasingly fragile. will these two leaders be talking about plans to rescue the minsk agreement? armen: yes, without a doubt. minsk is a hot potato which will have been discussed for the last hour or so in the palace behind me. the official position of both leaders is that minsk is not dead. indeed, that was t
tsipras. we don't have a lot of details about the content of those calls, but we can only assume that mr. citrus -- tsipras has been trying to get mr. hollande too soft in the line on greece -- mr. hollande to soften the line on greece. france is not showing any signs of raking with -- of breaking with the eurozone finance ministers. we are not expecting president hollande to suddenly shift later this morning when he gives that press conference with angela merkel. i think it will be very...
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mr. tsipras in parliament, everything he said contravenes the current ball -- bailout program.e will have to see when we get the actual proposal. jonathan: as if the confusion isn't enough, there's also reports in the great press that cash reserves could be depleted as early as next week. we don't really know what the firm headline is and when they will run out of money. >> well, if the greek state does run out of money, there may be a few tweaks they can do to get through the month. the larger issue is what they do if their banks are cut off from the ecb. there's going to be a meeting in frankfurt and they are going to be discussing whether to raise or potentially make it harder or easier for greece to access liquidity lines. two weeks ago, wednesday night we got that announcement that they would no longer be accepting greek debt as collateral. it was a way to force greece back to the negotiating table. we will see what we get tonight. frankfurt could have more news for us than brussels. jonathan: hans nichols, thank you very much. let's bring back james bevan. james the plan
mr. tsipras in parliament, everything he said contravenes the current ball -- bailout program.e will have to see when we get the actual proposal. jonathan: as if the confusion isn't enough, there's also reports in the great press that cash reserves could be depleted as early as next week. we don't really know what the firm headline is and when they will run out of money. >> well, if the greek state does run out of money, there may be a few tweaks they can do to get through the month. the...
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mr. tsipras. >> in the greek capital the tone is defiant and the particular move is more confident that a better deal can be struck. john siropolous, al jazeera athens. >>> abdel was killed as he was traveling to parliament. the armed group al shabaab says it is responsible. well on his way to parliament for a key vote on the new cabinet. the new parliament has finally approved the new list provided by the prime minister. it is seen as a key step ton road to proposed elections next year. the united is united nations is warning that two and a half million people could die of hunger in south sudan. unless aid gets to the country quickly. millions have been fleeing fighting for more than a year and several ceasefire between juba and the rebels have collapsed. the hollywood star forrest whittaker is applying for aid. >> there have been issues, months back i was there and i witnessed some of the children were malnourished and yesterday i was in wy and there was a clear issue but we're trying to avert that now. >> hoping to be cleared of sodomy charges his supporters insist the allegations are
mr. tsipras. >> in the greek capital the tone is defiant and the particular move is more confident that a better deal can be struck. john siropolous, al jazeera athens. >>> abdel was killed as he was traveling to parliament. the armed group al shabaab says it is responsible. well on his way to parliament for a key vote on the new cabinet. the new parliament has finally approved the new list provided by the prime minister. it is seen as a key step ton road to proposed elections...
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mr. tsipras wants to do, those are one of the recommendations that the troika is making. i believe there will be a deal. greece cannot get it easy. the ecb and germany are not backing down. jonathan: in terms of investments, you like a trade. what have you been doing in the background? guest: i'm not doing anything in greece. i think there's more a headline view. the portfolio is doing very well. i also recommended long euro-dollar trade at 1.10. everyone is long dollar. as we saw in the currency minutes last night, the fed is not prepared to raise the rates so quickly. i'm happy with that. jonathan: we will talk about the federal reserve after the break. let's check in on some of our top stock stories. centrica posted a full-year loss of $1.6 billion. the stock down by over 8%. nestle on the move. reported its lowest annual sales growth in five years. the stock does edge higher by about 0.3%. we will speak to the ceo. during this show, we are watching swiss re. the company missed profit estimates and will buy up to one million swiss francs worth of shares. later in this
mr. tsipras wants to do, those are one of the recommendations that the troika is making. i believe there will be a deal. greece cannot get it easy. the ecb and germany are not backing down. jonathan: in terms of investments, you like a trade. what have you been doing in the background? guest: i'm not doing anything in greece. i think there's more a headline view. the portfolio is doing very well. i also recommended long euro-dollar trade at 1.10. everyone is long dollar. as we saw in the...
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mr. tsipras in brussels, and the finance minister in frankfurt making the point there is no business as usual, no u-turn to throw off the bail-out program and austerity measures attached to it that greece has suffered under for five years. now he says it has resulted in a humanitarian crisis. they want greece's major international lenders among them the european commission, the imf and to help restructure the greek burden which weighs heavily on the economy and which greece mouth borrow heavily in order to service. they want to swap debt bonds for growth-relateed bonds to convert the debt they owe at fixed maturity rates in times to something that only would be repaid once greece returns to solid growth. they want the best of both worlds. >> now to an ambitious new trade deal between the u.s. and europe. it's critics say that it will override the rights of workers and citizens. >> in england one of the places that many energy companies would like to frack for gas. and louise fears that the deal ttip would leave opposition completely powerless. >> if they decided they didn't want to have frack
mr. tsipras in brussels, and the finance minister in frankfurt making the point there is no business as usual, no u-turn to throw off the bail-out program and austerity measures attached to it that greece has suffered under for five years. now he says it has resulted in a humanitarian crisis. they want greece's major international lenders among them the european commission, the imf and to help restructure the greek burden which weighs heavily on the economy and which greece mouth borrow heavily...
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mr. tsipras says he wants a bridge loan until june when a more solid agreement with european partners canreached. >> translator: we are fully aware that this negotiation won't be easy. but the road that lies ahead is an uphill one. we trust our power and will make it mainly because in this negotiation it is absolutely clear that right is our side. >> now without a loan or some kind of extention of the current bailout, greece is projected to run out of cash within weeks. eurozone finish ministers are set to meet -- finance ministers are set to meet wednesday. >>> another story we're following -- australia's prime minister has survived a vote challenging his leadership by his own liberal party. >> still, 40% of the party's lawmakers made it clear they want tony abbot out of office. the prime minister's faced criticism for many of his decisions and so-called policy flip-flops since he was elected in 2012. >> for more, i'm joined by anna coren live in australia's capital, cambra. it's clear that 40% of his party wanted him out. so how his future looking right now? >> reporter: yeah i think it
mr. tsipras says he wants a bridge loan until june when a more solid agreement with european partners canreached. >> translator: we are fully aware that this negotiation won't be easy. but the road that lies ahead is an uphill one. we trust our power and will make it mainly because in this negotiation it is absolutely clear that right is our side. >> now without a loan or some kind of extention of the current bailout, greece is projected to run out of cash within weeks. eurozone...
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mr. tsipras, the prime minister will have to address internal party strife because there are lots of people who believed in this measures, who thought that there could be -- anti austerity in europe and they might see this dream dashed. of course we still have to see what independent greeks, their party, how they're going to react. >> you talked about the politics, but i want to know economically, what is the most urgent priority for the syriza government? >> to collect tax revenues, because in the way there was a certain moratorium on greek citizens paying their taxes so this has to stop now and they will have to find a way of bringing back money into state coffers. that's number one. number two promoting the radical measures that they are now pledging that they'll do. >> ok, thank you so much for speaking to us. >> the head of the u.n. climate change panel has resigned after allegations of sexual harassment. the allegations are denied that he sexually harassed an employee in new delhi. he's been the chairman of the committee on climate change for years now. he pulled out of a meeting afte
mr. tsipras, the prime minister will have to address internal party strife because there are lots of people who believed in this measures, who thought that there could be -- anti austerity in europe and they might see this dream dashed. of course we still have to see what independent greeks, their party, how they're going to react. >> you talked about the politics, but i want to know economically, what is the most urgent priority for the syriza government? >> to collect tax...
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Feb 9, 2015
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mr. tsipras also says he plans to raise the minimum wage and provide free food and electricity to the weakestf society. he says -- he's looking to heal the wound of austerity. >>> sufficienting in silence. that's what a u.s. politician had to say about the parents of a female isis hostage. hear from one of the few people let into the mueller family circle. >>> plus the new safe feature uber is rolling out in india after backlash over a sexual assault allegation. ...with the power of three medicines to take on your worst pain and fever, cough and nasal congestion. it breaks you free from your toughest cold and flu symptoms. theraflu. serious power. you know... ...there's a more enjoyable way to get your fiber. try phillips fiber good gummies. they're delicious... and a good source of fiber to help support regularity. mmmm these are good! the tasty side of fiber. from phillips. [ hoof beats ] i wish... please, please, please, please, please. [ male announcer ] the wish we wish above all...is health. so we quit selling cigarettes in our cvs pharmacies. expanded minuteclinic for walk-in medical c
mr. tsipras also says he plans to raise the minimum wage and provide free food and electricity to the weakestf society. he says -- he's looking to heal the wound of austerity. >>> sufficienting in silence. that's what a u.s. politician had to say about the parents of a female isis hostage. hear from one of the few people let into the mueller family circle. >>> plus the new safe feature uber is rolling out in india after backlash over a sexual assault allegation. ...with the...
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Feb 9, 2015
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mr. tsipras said his country didn't want an extension of the bailout program, but a bridging loan.eement, at least until the summer to win time to renegotiate debt that would effectively, though overrule the current terms being offered by its international lenders. last week you may remember we talked about it a lot. the european central bank piled on the pressure certainly limiting its support for the greek banking system. basically, this month, they are cutting off cheap funding for greek banks. let me just finish -- there's some worrying news out of china with the latest trade numbers showing the biggest fall in imports, everything they bring in, since 2009. china's trade performance slumped in january, with exports declining just over 3% on the previous year, while imports fell a hefty, a whopping 20%. the monthly trade surplus has grown to a record $60 billion. all of this more evidence that the chinese economy is slowing down. that news hit shares and sentiment in many of asia's markets. so as i said lots going on. more business coming up on "gmt" in just over an hour's time.
mr. tsipras said his country didn't want an extension of the bailout program, but a bridging loan.eement, at least until the summer to win time to renegotiate debt that would effectively, though overrule the current terms being offered by its international lenders. last week you may remember we talked about it a lot. the european central bank piled on the pressure certainly limiting its support for the greek banking system. basically, this month, they are cutting off cheap funding for greek...
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Feb 4, 2015
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mr. tsipras meeting with the president of the european commission in brussels.ot that's more the charm offensive. that's more the prime minister going around and making sure this europe knows where exactly it stands. i think one of the keys we've heard the last couple of days is that time is running out. there's no doubt. some kind of deal even temporary, has to be med. they are using conciliatory word to each other. they are talking about being partners. greece said we want to find a way through this. we're not looking at blacking. we're not looking at being confrontational. so far, we're talking about conciliatory words, but there has to be some kind of action in the next few weeks. markets are getting worried. some days we see the stock market in greece going much higher. days we hear about people taking more money out of greek banks. depends on how the language coming out of the meetings today, we'll see how the marks go when they hear what the finance minister says and if we hear from mr. draghi. >> it doesn't matter what they say and do. they can't avoid t
mr. tsipras meeting with the president of the european commission in brussels.ot that's more the charm offensive. that's more the prime minister going around and making sure this europe knows where exactly it stands. i think one of the keys we've heard the last couple of days is that time is running out. there's no doubt. some kind of deal even temporary, has to be med. they are using conciliatory word to each other. they are talking about being partners. greece said we want to find a way...
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Feb 5, 2015
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mr. tsipras, is planning for greece because chancellor merkel of germany has said detail on how exactly greece will get its financial house in order is what she's looking for. can. >> reporter: greece it's saying will be going to battle with the old system. it's going to battle corruption going to try to bring income that n that way. it's basically talking about breathing space and growth. and by breathing space and growth, it means actually rehiring some of the people that have been fired as a result of the austerity cuts. increasing pensions increasing some salaries and by being able to have this growth simply reigniting the economy. of course, greece is saying this something that's going to take time. but at the same time it says -- what it's been doing until now has been completely counterproductive. there's no point continuing it. >> thank you for joining us from athens where there's a little bit of conversation compromise and ledger jacks, as we saw earlier as it relates to greece getting its financial house in order. see you again soon. thank you very much. >>> we're going to turn to th
mr. tsipras, is planning for greece because chancellor merkel of germany has said detail on how exactly greece will get its financial house in order is what she's looking for. can. >> reporter: greece it's saying will be going to battle with the old system. it's going to battle corruption going to try to bring income that n that way. it's basically talking about breathing space and growth. and by breathing space and growth, it means actually rehiring some of the people that have been...
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Feb 18, 2015
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mr. tsipras had to say to the greek parliament. >> tranlayer: we are not in a hurry, and we will not compromise. we are working hard for an honorable and solution without atator. without the bailout which destroyed greece in the last years, for an agreement without the toxic presence of the troika. >> meantime the head of the e.u. finance ministers says greece has until friday to request an extention of its bailout. >>> here's a story we told you about yesterday. a federal judge in the u.s. state of texas has temporarily blocked president barack obama's executive actions on immigration. they're meant to spare millions of people from being deported. >> mr. obama says he acted legally and that the justice department will appeal the ruling. joe johns has more. >> reporter: less than two days before the government was going to start taking applications for immigrant children who want protection from deportation, a huge last-minute setback. a texas federal judge brings the administration's new deferred enforcement policies that could affect up to five million people to a screeching halt. at least te
mr. tsipras had to say to the greek parliament. >> tranlayer: we are not in a hurry, and we will not compromise. we are working hard for an honorable and solution without atator. without the bailout which destroyed greece in the last years, for an agreement without the toxic presence of the troika. >> meantime the head of the e.u. finance ministers says greece has until friday to request an extention of its bailout. >>> here's a story we told you about yesterday. a federal...
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Feb 12, 2015
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mr. tsipras does not want to talk about an extension of the bailout.rk is there still to do and what is your sense of the possibility of a deal? ricardo barbieri: they do not have numbers it. it is important to discuss something that can be put down in figures. what they were aiming for yesterday was a broad agreement on how they are going to proceed. a roadmap to the next meeting. i do not think anyone expected a specific agreement. they could not even agree -- francine:. on a roadmap. riccardo barbieri: it was a friendly meeting and everyone expressed their views, including the greek finance minister. the problem is he has been touring europe with broad brush plans but no specific ideas. they would like to talk numbers especially against the background of an economy that is weakening if you look at all the economic indicators. the new government is trying to push europe to lend more money but then does not tell us what happens after that. who is going to finance them once europe pays this breach long -- bridge loan they are looking for. francine: dan
mr. tsipras does not want to talk about an extension of the bailout.rk is there still to do and what is your sense of the possibility of a deal? ricardo barbieri: they do not have numbers it. it is important to discuss something that can be put down in figures. what they were aiming for yesterday was a broad agreement on how they are going to proceed. a roadmap to the next meeting. i do not think anyone expected a specific agreement. they could not even agree -- francine:. on a roadmap....
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Feb 2, 2015
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mr. tsipras and mr. varoufakis? what is going on? what is the commentary that we should be reading? >> there's certainly a feeling in the greek government, a sense that they felt the need to calm things down a little bit. it is worth bearing in mind that the rhetoric that was coming out last week did scare markets. it was by all of ministers addressing new portfolios but very much speaking off-the-cuff at the beginning of their new jobs. perhaps there is a sense that syriza as a political party has always been a party that is hard to exert central control over. a lot of this wasn't coming from tsipras himself. after the meeting on friday, which was not a rip roaring success diplomatically, there was probably a feeling among prime minister's that they need to calm things down a little bit. hence the statements over the weekend. from the initial market reaction this morning with greek markets up a little bit, at least in the short-term, it seems to be working. just bringing down the tone a little bit. >> how big a bearing will the short-term liquidity situation have on the government'
mr. tsipras and mr. varoufakis? what is going on? what is the commentary that we should be reading? >> there's certainly a feeling in the greek government, a sense that they felt the need to calm things down a little bit. it is worth bearing in mind that the rhetoric that was coming out last week did scare markets. it was by all of ministers addressing new portfolios but very much speaking off-the-cuff at the beginning of their new jobs. perhaps there is a sense that syriza as a political...
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Feb 16, 2015
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mr. tsipras it is described as a last ditch effort to get things done in what is an extremely difficult situationollar-yen, where are we? today chart is what you have right there. for all intents and purposes, we are pretty much where we were happy hour on friday. 118.72. we did start the day stronger, but weaker growth numbers pushing off dollar-yen. there we go. dollar-yen, 118.69. so it is gaining a little bit there against its japanese counterpart. 7776, a little bump for the auss ie dollar. the euro, 114. very tight trading range. but estimates have been changing back and forth. those are the stories driving your forex markets this morning. >> coming up, porsche brings a different kind of horsepower to mongolia. after the break, a special report. ♪ >> it is 8:30 and hong kong. check out that haze. we are an hour from the open of trading ahead of the lunar new year holiday. perhaps some factories working overtime in china. you are watching "first up." >> remote robbery. a cyber gang that stole $1 billion from the bank. time to compromise with creditors? greece heads for crunch talks in brusse
mr. tsipras it is described as a last ditch effort to get things done in what is an extremely difficult situationollar-yen, where are we? today chart is what you have right there. for all intents and purposes, we are pretty much where we were happy hour on friday. 118.72. we did start the day stronger, but weaker growth numbers pushing off dollar-yen. there we go. dollar-yen, 118.69. so it is gaining a little bit there against its japanese counterpart. 7776, a little bump for the auss ie...
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Feb 13, 2015
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mr. tsipras was someone that she could work with. >> we gave each other a friendly greeting. i congratulated him on his election win. i told him that from my side we want to work well together. we will take a look at the different points where we need to find common ground. it was very friendly. >> where germany's prepared to compromise, they are saying not all of the bailout program. not all of the points need to the adhered to. the greeks think about 70% is level. the question is what do you do with the other 30%? that could be where the key negotiation comes on monday. is it going to be face-saving for the greeks? are they going to be able to sell this to their public? if you do have a renegotiation, it could need to the past by all of the national parliament. >> hans, i'm looking at the screen in front of me. euro bank, plus 90%. national bank of greece, plus 18%. alpha, 14%. the market likes it. any sign of a deal and these banks are popping. >> we have seen the banks improve. that's happened over the last three days now. there is -- there are quite a few notes of cautio
mr. tsipras was someone that she could work with. >> we gave each other a friendly greeting. i congratulated him on his election win. i told him that from my side we want to work well together. we will take a look at the different points where we need to find common ground. it was very friendly. >> where germany's prepared to compromise, they are saying not all of the bailout program. not all of the points need to the adhered to. the greeks think about 70% is level. the question is...
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Feb 20, 2015
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mr. tsipras described as positive. yet the leaders may be taking a more conciliatory tone and working towards agreement. very hard to actually figure out what is going on. francine: so what kind of measures is the ecb considering? hans: here's what we have some great reporting out of our colleagues in frankfurt. the ecb would likely intend -- would likely ask greece's banks not to accept, or at least reduce their reliance on greek debt. that's crucial for a couple reasons. they are the main buyers. if greek banks are being told to no longer by greek debt, you could have a funding crisis for the greek government. you could have a funding government much sooner. there is a 4.4 billion bond coming due next month and a 2.4 billion the following month. when we reported the original strategy, it was to wait and see until may or june, when germany would be in a more advantageous position. this could be one of those things where they see they have an advantage. francine: thank you so much, hans nichols in brussels. for more on
mr. tsipras described as positive. yet the leaders may be taking a more conciliatory tone and working towards agreement. very hard to actually figure out what is going on. francine: so what kind of measures is the ecb considering? hans: here's what we have some great reporting out of our colleagues in frankfurt. the ecb would likely intend -- would likely ask greece's banks not to accept, or at least reduce their reliance on greek debt. that's crucial for a couple reasons. they are the main...
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Feb 8, 2015
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. >> this was a defiant speech from mr alexis tsipras, and will go down well with the domestic electorate in greece. the crucial question is how it is received by other european partners and institutions. he spoke about a humanitarian crisis, and the barbarity of austerity that could not continue. he said that greece will not ask for an extension tension of the bailout programme beyond february 28th which is when it expires, and appears to be broadly consistent with promises made during the election campaign that the minimum wage will be raised again. thousands of families that are poor will be provided with electricity, medicine health care and so on. a return of collective bargaining, and they will not accept after february the 28th two weeks away. it will not accept an extension of the bailout program, contrary to the advice he's receiving from other european governments. that's all very well but puts greece in a tricky position. this country is running out of money fast. what he's asking for is a bridging programme keeping greece going until june. permission for the greek government t
. >> this was a defiant speech from mr alexis tsipras, and will go down well with the domestic electorate in greece. the crucial question is how it is received by other european partners and institutions. he spoke about a humanitarian crisis, and the barbarity of austerity that could not continue. he said that greece will not ask for an extension tension of the bailout programme beyond february 28th which is when it expires, and appears to be broadly consistent with promises made during...
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Feb 23, 2015
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mr. alexis tsipras and yanis varoufakis have learned about dealing with europe besides perhaps wearing a tie? a lesson that brendan greeley has also picked up on. >> what have they learned about dealing with europe? they have almost no leverage. let's put it that way. greece is bound to the terms of the bailout. what yanis varoufakis and alexis tsipras wonder was some control over their own destiny and they won some of that. as i put it to our colleagues this morning, they still have to hack off one of their limbs. the situation before was the ecb, the imf, and european commission were telling greece which of their limbs had to be hacked off, and other greek government gets to decide is it going to be my left arm, my right leg? at the end of the day, it amounts pretty much to the same thing. >> erik schatzker, continuing coverage in athens. we have breaking news. this is out the door with the ceo and the force takes over taking over at dish network, mr. clayton is out this morning. >> he has been there for about four years. >> that shows the turmoil in the industry. dish used to be its o
mr. alexis tsipras and yanis varoufakis have learned about dealing with europe besides perhaps wearing a tie? a lesson that brendan greeley has also picked up on. >> what have they learned about dealing with europe? they have almost no leverage. let's put it that way. greece is bound to the terms of the bailout. what yanis varoufakis and alexis tsipras wonder was some control over their own destiny and they won some of that. as i put it to our colleagues this morning, they still have to...
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Feb 8, 2015
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interest if you like in finding a solution but undoubtedly there is a long way in between tsipras's position and mr. shoblod. >> thank you, barnaby phillips. australian prime minister tony adams brought forth a party confidence vote that could have him replaced. critics say he has made popularity making cuts to health and education to reduce the budget deficit. kim vinnell reports. >> reporter: out for an early morning jobg, tony abbot must have had a lot on his mind. just a few hours later, he took to the podium in sydney with an announcement. >> the last thing australia needs right now is instability and uncertainty. on reflex and after talking to my colleagues i have decided that the best thing we can do is deal with the motion as quickly as possible and put it behind us. >> with that abbot brought forward a vote that on monday morning could result in his own party forcing him out of. it's been a dramatic fall for the once popular prime minister who came to powerless than 18 months ago but recent polls suggest more than half of all australians now want him gone. it's an ironic turn of events con
interest if you like in finding a solution but undoubtedly there is a long way in between tsipras's position and mr. shoblod. >> thank you, barnaby phillips. australian prime minister tony adams brought forth a party confidence vote that could have him replaced. critics say he has made popularity making cuts to health and education to reduce the budget deficit. kim vinnell reports. >> reporter: out for an early morning jobg, tony abbot must have had a lot on his mind. just a few...
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Feb 18, 2015
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greek prime minister alexis tsipras criticized the german finance minister's attitude towards the greek people. this is part of what he said. >> the german finance minister, mr. wolfgang schaeuble yesterday lost his cool, not because he spoke against the greek government, that is his right, but because he expressed himself in a derogatory manner for the greek people. i would like to point out to him that it would be better to pity those who walk with their heads low and not pity those that held their heads probably high. amy: if you could talk further about what alexis tsipras is saying, and also where he comes -- work -- where he comes from, the significance of him being prime minister now. paul: this was a guy that was a far left communist in the 1980's, and although he is moderating his positions, he is trying to run a swedish or scandinavian style social democracy right now. the background of these guys is marxism. the next thing to understand is what people in greece field -- the 36% never voted for this party, and the other 10% devoted for other parties are feeling there is a social and psychological revolution going on. it is not just about the electi
greek prime minister alexis tsipras criticized the german finance minister's attitude towards the greek people. this is part of what he said. >> the german finance minister, mr. wolfgang schaeuble yesterday lost his cool, not because he spoke against the greek government, that is his right, but because he expressed himself in a derogatory manner for the greek people. i would like to point out to him that it would be better to pity those who walk with their heads low and not pity those...