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tv   Journal  PBS  October 9, 2012 6:30pm-7:00pm PDT

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>> welcome to the "journal" on dw coming to you live from berlin. >> here's our top story this hour -- >> german chancellor angela merkel visits greece for talks with prime minister samaras on the country's debt crisis. >> 11 finance ministers in luxembourg agreed to pass a controversial tax on financial transactions. >> the nobel prize for physics goes to the scientists from france and the u.s. >> we began in greece where tens of thousands of angry protesters
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filled the streets of athens on tuesday to greet german chancellor angela merkel. >> it is her first visit there since the eurozone crisis erupted. she reaffirmed their commitment to keep the debt-ridden state inside your's single currency but offered no promise of further aid. >> a new report on the greek reform process is due next month, and in the meantime, greece is negotiating highly unpopular austerity measures. protesters blamed merkel. >> this morning's peaceful protest turned violent in their early afternoon. police used tear gas to disperse demonstrators. some 40,000 people took to the streets of athens to express their anger with the eu, the austerity measures, and the german chancellor. safely away from the protests, angela merkel said she understood the problems facing many greeks.
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she promised help as athens performs its health system. >> i believe it will be worth it in the long run. if problems are not solved now, they will only get worse in the future. >> the greek prime minister agreed and said his country was not looking for extra handouts and that anyone who bet on the collapse of greece would be disappointed. >> check -- chancellor merkel also said she understood that tough austerity measures must be accompanied by moves to stimulate economic growth. >> that is why we will do everything we can to help greece gained access to loans from the european investment bank. >> but promises like that are too little, too late for these people. they blame the german chancellor for the economic misery, and the anger and
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resentment continues to spill over into violence on the street. >> time now to go live to athens where our reporter is standing by. angela merkel arrived with plenty of encouragement for the greek people, but as we just saw from that report, they are very angry. what i they looking for? what do they want from her? >> actually, the greeks -- we saw that they do not really want anything. we saw the protests and the rallies that took place. some protesters spoke about german reparations, about the siemens scandal and relations with germany, but they were not surprised by not having anything from this meeting. >> today, there was a ban on protests. the government banned demonstrations, but the people
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defied them and protested there anyway. what has it been like? >> i was looking down the square earlier, and it felt like the place was absolutely deserted. there were street cleaners cleaning the streets. there were burned garbage bins. there were sidewalks that were broken. 50,000 protesters took part in these riots, and basically, we had 217 detentions, 24 arrests, three citizens wounded, and four police officers, one of which was seriously injured. in those protests, each used their own imagination, each of those protesters. there was one who was walking around naked during the protests to show a sign of his
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reaction. there was someone else -- there were some others who were actually dressed up as hitler, and they were carrying flags with a nazi swastika. >> thank you so much. we are running short on time, and we have to cut you short there, but thank you very much for that report. >> chancellor merkel's visit to greece is being closely watched here in berlin as well. let's turn now to our political correspondent. angela merkel made her first visit to greece since the eurozone crisis began. what is she hoping to achieve? >> she wants to underline the importance of greece continuing with its reform process and to encourage greeks in that effort. she says that germany will stand by greece as it does so, and she wanted to demonstrate that she means what she says when she
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says that she understands the sacrifices that ordinary greeks are having to make as these budget cuts are implemented. it is a question of a symbolic visit. i think the message has been support for the greek government, but no more money, apart from a small amount -- 30 million euros for bilateral projects -- and no more time to get these reforms pushed through. >> is there a danger that these protests in athens could dampen the german public's appetite for these bailouts? >> the bailouts in general are not very popular in germany as it is. i do not think there's any likelihood that protests will change attitudes here. authorities think that greeks have a lot more to do. they are a lot less confident than chancellor merkel says she is, but they think the bailouts
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will achieve their results. many germans believe that greece will ultimately have to leave the euro. they are also a little puzzled, i think, that greeks do not seem as grateful as many germans believe they ought to be about germany's financial contributions to back up greece. they feel that money is being wasted and ordinary greeks seem to be ungrateful to boot.% >> thanks very much for that. -- and grateful to -- the economy is shrinking at a rapid rate of 6.5%, so how are company's managing to keep their head above water at all? here is one example. and he urgently needs new foreign customers. domestic sales have collapsed by 80%, but the engineer is finding it harder than anticipated to do business abroad. right now, he is trying for a
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foothold in india. >> even the farthest indiana backwater we try to sell to has heard of the crisis. people get the information from the internet and local media. they hear about the crisis and naturally, they have reservations. >> hydraulic presses to form metal are just one of the products this firm turns out. he is sure his company will survive, and he is determined to become a poster child for the eu and imf's insistence on exporting, but he does not think many other creek companies will manage that. >> it is simply very difficult for a company to establish itself abroad on short notice. you have to set up offices there as well as a lot of other things. a lot of companies cannot do it that fast no matter how hard they try.
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they go bust. they closed down. >> is working closely with the german engineering company to boost foreign sales. the company's are marketing their machinery together, and the strategy is bearing fruit -- the company's -- the companies are marketing their machinery together, and the strategy is bearing fruit. emma we are operating -- >> we're operating with a german company. we have been cooperating technically for a long time. the company is recognized, and it has been on the market for decades now. >> if he now makes 80% -- he now makes sales -- genomics the% of his sales abroad, driven by the pressure of his country's crisis. >> it is not just grease causing concern -- global growth issues are also weighed on investors' inds -- it is not just greece
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causing concern. >> the international monetary fund has cut its global growth forecast for the year from 3.5% to 3.3%. >> the imf is warning policymakers that they only prolong the slump if they fail to fix their problems. >> the t-shirts and jackets made in this beijing factory are destined for shops in europe, but chinese textile companies are seeing a drop in orders from germany, france, and spain. the double digit growth in china and india appears to be over for now -- the double-digit growth in china and india. the international monetary fund has cut its growth forecast for the global economy to just 3.3% for the current year. it believes economic activity will pick up slightly in 2013, expanding to 3.6%. germany's economy is set to grow
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less than 1%, both this year and next, but that still better than the prognosis for europe as a whole, which the imf believes will shrink before growing and in 2013. the imf says the recovery will continue in the eurozone, but not fast enough to counteract growing unemployment. >> reaching a balance between cutting spending and promoting growth is one of the key challenges in overcoming the eurozone crisis. >> one measure that more countries are warming to is a tax on bank transfers. >> but getting all the countries on board is proving to be a tough assignment with plenty of lively debate in luxembourg. >> the efforts of the french and german finance ministers have paid off. they have persuaded 900 -- nine other eu countries to join them in launching a controversial
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transaction tax. the proposal to tax transaction some of the stocks, bonds, and derivatives is opposed by britain and sweden. >> the people who have been saying it is all a load of rubbish have been shown to be wrong. the truth is that we have been making progress step-by-step. the initiative taken by germany and france has again had a positive result. >> the tax is designed to make the financial sector share in the cost of the financial crisis. some fundamental questions remain unanswered, including whether revenues from the tax should go to national revenues or into a comment you fund -- common eu fund. >> we need to agree on the tax itself first.
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>> the european commission is said to outline his proposal for exactly how the tax will work at a meeting of finance ministers next month. >> the global economic outlook move markets today. >> pictures of violent protests in athens, and then the imf comes up and lowers its global growth forecast. this brings back into the spotlight and quite brutally so the economic problems of the eurozone. with more in the united states, the earnings report season is about to get into gear, and many people think that the numbers for the third quarter will prove that the economy has continued to slow down and that the expectations for continuously rising stock prices might have been exaggerated. >> let's take a quick look now
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at some of the market numbers. the dax ended the day 0.75% down. euro stoxx 50 close almost 1% down. across the atlantic, the dow jones is currently going down over 0.5%. the euro is trading for $1.2876. mexican officials have confirmed that the body of a former gang leader has been stolen from a funeral home. >> one of the leaders of a drug cartel was killed in a gunbattle with security forces on monday. the state security leader says masked gunmen raided the home and took the body. we'll be back in just one minute's time with more, including the latest on the nobel prize for physics.
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>> we will have a look at news from israel on elections there, so stick around.
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>> welcome back. it is a big day for scientists. serge haroche of france and david windeland of the united states have won the nobel prize for physics. >> their research could allow for the development of superfast computers and more precise clocks. here is more. >> the winners were honored for their work in the field of quantum mechanics. the study in elementary particles that are even smaller than adams -- atoms. >> for ground-breaking
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experimental methods that allow measuring and manipulation of individual quantum systems. >> american is at the university of colorado in boulder. the nobel committee saluted their work in electrically charged -- charging electrically charged particles. until now, it was impossible to measure electric to charged particles of without destroying them -- electrically charged particles without destroying them. such machines would make today's computers look slow in comparison. >> this has also paved the first steps toward future quantum computers. that is computers with speeds that would exceed everything and be a dream for every program. >> the prize will be awarded in
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december in stockholm. >> for more on this now, we are joined in the studio by the vice president of the german physical society. thank you very much for joining us. what exactly have the scientists achieved? >> the world of the smart -- smallest particles, the quantum world, is completely different. if we were part of the quantum world, we could walk through two doors simultaneously, and if there were a dinner party and the other side, we could not reach certain spots. in order to observe this, it takes a very elaborate experiment, and these scientists have spent more than 30 years to always designed ever more ingenious experiments to actually control these quantum particles and test the theory behind so that we are now sure that the theory, one of the most
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fundamental in physics is actually true. >> we would love to hear more about the practical applications of this discovery. what more can you tell us about that? >> basically, once you know how small particles behavior, you can use them, for instance, as atomic clocks. the atomic clock is the most accurate clock we can think of at the moment, and it helps us to navigate by the gps system, so navigating with your car, or future quantum computers that can do many more calculations at the same time than present computers can. >> ok, now, would you say that this result has come as a surprise? >> the nobel award has come as a surprise, as always. the result has been achieved over a long period of time, so they really deserve it because they proved the fundamentals of
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physics. much for coming in in speaking with us. >> my pleasure. >> israeli prime minister benjamin netanyahu has called for early elections in israel. he held a brief press conference in jerusalem where he said a vote should be held as soon as possible. the next elections were scheduled for a year from now, but netanyahu said the new date was necessary after his coalition could not pass a budget. for more on this now, we are joined on the line by our jerusalem correspondent who is in gaza as a moment. can you hear me? why has netanyahu made this announcement? >> prime minister netanyahu said tonight that he came to the conclusion his coalition government could not agree on a national budget and that there is a need to go for early elections. he has been in talks with his
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coalition partners over the past days in order to consult on the budget issue before the start of the next winter session of the israeli parliament, but some smaller positions were not supportive, and it was expected that he would call for elections this time around. >> would you say there is any significance in the timing? >> the disagreement over the budget is certainly the main reason given. there is speculation that he also has a timetable on iran may be in the back of his mind -- a timetable on iran maybe in the back of his mind. some commentators say he might want to push a security agenda, but these are all speculations right now. he also pushed for a very short election campaign, which favors
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prime minister netanyahu, who is doing well in the polls. he has good standing as prime minister, and he could be hoping to be reelected. >> thank you very much for that. coming up, the frankfurt book fair opens in stores. new zealand is the guest of honor. >> first, a roundup of other stories making headlines. in the damascus suburb, when suicide bombings at an air force base. a militant islamic group said it carried out the attack. the group says the air force contract was used as an interrogation center by the regime. >> the united nations secretary general has called on the syrian regime to declare a unilateral cease-fire. ban was in talks with french president francois hollande, and he also called on syrian rebels to uphold the cease-fire. activists say dozens of people died in fighting across the
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country on tuesday. >> 1/8 of the world's population is chronically hundred according to united nations food agency report. the number of hungry people has fallen from earlier estimates, but the agency says rising food prices around the world could reverse gains in the fight against hunger. >> an announcement comes two days after south korea struck a deal with the u.s. to extend the range of its missiles. the north is known to be working on a long-range missiles, but it has never been successfully tested. >> for all you book lovers out there, the international book fair in frankfurt is taking place. it is the largest book show in the world, and it has opened its doors. >> it is a meeting place for writers, publishers, and literary fans. exhibitors from 100 countries
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are presenting new books and new methods of publishing. >> this year's guest of honor is new zealand. >> do not worry -- it is supposed to bring good luck. new zealand opened its pavilion with the traditional maori dance here the whole spectrum of new zealand literature is on display with 70 officers under the motto "while you were sleeping." >> the trip to new zealand is a long one, but you will see in our pavilion that new zealand has come to you. we are pleased to offer this glimpse into our country. >> the island country's literature is as varied as its scenery. illustrated children's book, crime novels, and the rich
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culture of the indigenous people, the maori. many freezes were translated into german for the first time for the book fair. >> in new zealand, we do not have a literary tradition, a written tradition that is thousands of years old. our older heritage is a maori heritage, which goes back many generations. it is sung, performed. >> this heritage cannot be discovered in frankfurt. new zealand presents itself as a competent cultural nation that wants readers to come on a literary journey to the other side of the world. >> time now for some sports news. in soccer, germany faced two crucial world cup qualifying games during the qualifying week. >> but there has been criticism of the coach's style and his failure to bring home any major trophies. we take a look at how the team is preparing for the matches. >> only 11 players were at
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tuesday's training session. the others were getting some rest and relaxation back at the hotel. off the pitch, the team manager rejected criticism of the national coach's relaxed style. >> we have to work together to help each other and not create unnecessary stress. >> germany will be relying on its midfielder to lead the team. he was injured in bayern' munich's championship game, but now he is looking ahead to the world qualifier. >> ireland always comes out fighting and give their all out on the pitch, so it is really important for us to win and take three points away from this game. >> an almost perfect season with bayern so far -- seven wins in
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seven matches. he already has three medals to his name for the season. he will be hoping to carry the confidence over to the international game in dublin on friday. >> just to recap our top story -- angela merkel met with some very cold reception today in athens as protesters took to the streets there. >> in other news, 11 finance ministers in the eurozone agreed on a new controversial tranaction tax. >> that is it for now. thanks for watching. you can check out more information on our website -- that is >> see you soon. captioned by the national captioning institute
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