nigeria, capturing a town in the northeast. there's as john kerry lands in lagos to work on ways to fight me not tinker -- to fight the militant group. we focus on france. 10 people go on trial for exploiting the country's richest woman. the l'oreal heiress' case goes up to the former president. nobody puts baby in a corner, bebe. the french version of "dirty dancing," on now in paris. ♪ an anti-austerity coalition has been formed in greece. celebrations started last night as the radical left-wing syriza
party swept the snap election. syriza promised to put an end to crippling cutbacks. alexis tsipras is due to be sworn in as prime minister hours from now after he got backing from the right-wing independent greek party. more on the surprise alliance from athens. >> a source at syriza close to alexis tsipras confirmed an agreement has been found between syriza and the right-wing independent grace. it might look like an awkward marriage. syriza is a radical left party and independent greeks are right wing. they share one thing. their anti-austerity message. the fact that mr. tsipras is willing and ready to compromise with the independent greeks is
sending a strong message to his european partners. basically that the anti-austerity message and policies that have been promised by syriza are stronger than the rest. on social issues and immigration, these are parties that will agree to disagree. we will have to see whether this alliance can hold. we are being told that the independent greeks will be a minority partner. they're likely to receive one ministry out of a total of 12 or so. >> alexis tsipras has sworn to renegotiate the terms of greece 's bailout agreement. what does he want? is he able to get it? >> that's the big question this morning in athens. there's a great deal of uncertainty after the party's triumphant victory. what? will happen what mr. tsipras wants tis to
have half of greece's international debt ridden off erased. we are talking about money in the hands of greece's euros and partners -- france germany, the european central bank and the imf. the question is how far are the partners ready to go to compromise with mr. tsipras? how far is mr. tsipras ready to compromise? greece may be entering a collision course with its european partners. having said that, we thought it was the end of the campaign, mr. tsipras -- we thought at the end of the campaign, mr. tsipras was willing to soften rhetoric. in france, very divided about what happened in greece. france is adamant that greece should respect the terms of the bailout. at the same time, the anti-austerity message does
resonate in paris and a number of european capitals. someone watching very closely is angela merkel, the leader of germany. her fear is that greece has created a precedent that could reverberate across europe, potential in spain, the podemos party is gaining momentum. >> our european affairs editor from athens. for more on the win by the syriza party, i'm joined by a member of the european parliament and a member of syriza. thank you for joining us. a historic win. did you think the win would be this bake or were you surprised? -- this big or were you surprised question my >> i thought we were going to win but it was a pleasant surprise how big the victory was. >> the syriza party is about to
form a coalition with a right wing party that has different views on social issues, notably on immigration. does this mean the economy is the absolute priority for now? >> it is the absolute priority. we're just short of 2 seats from having the absolute majority in parliament. the compromise was necessary to avoid a double election that would be bad for the economy. independent greeks is a party of the right. we do not having ideological affinity. we can compromise on issues of the economy. >> what about the ethical divide? wasn't there resistance from within syriza to join hands with this party on the right? >> we're not going to be -- imagine, we have 8 times their votes. it is a kind of little brother. >> the new greek government is
going to have the task of negotiating with creditors. renegotiating its agreement. what does it want? do you think the renegotiation can work? i think it is going to work. it is not that the austerity policies have failed. look throughout europe -- it is not just in greece that austerity policies have failed. look throughout europe. other countries, like the u.s. who have followed different policies, they now have a growth of 5%. the austerity policies have devastated the greek economy. they had provoked misery to our society. we are not an isolated case. what we want to do is put an end to these austerities policies and renegotiate the debt.
we consider that not to be just a great problem -- not just a greek problem. if we have a european union divided. countries that are so much indebted and other countries like germany that are winning, we cannot assume the survival of the european union. the cohesion of the eu is dependent on an agreement that is going to take place between all european countries, not just greece and let's say germany or the other strong countries of the core. >> here's a question. what if the troika, the creditors of greece say no and refused to renegotiate? >> why have an election if we cannot change the policy? i think that we have the right to change what has proven to
be a disastrous recipe. we have 27% unemployment. we have about one third of people that are now considered to be very poor. 200,000 houses without electricity. we have, let's say a big part of the population in misery. this is not going to be tolerated anymore. is the character of a humanitarian crisis. i think they should hear us. if you look around europe you see that other societies do not tolerate any more of this economic policy. what is happening in the south spain, podemos a party like us in spain. >> it is true that the greek people have been in a difficult position. the eurogroup chief was speaking today and said greece's membership in the eurozone depends on athens sticking to
its prior agreement. syriza wants to do the opposite, renegotiating the terms. do you think greece leaving the euro could happen? >> no. we do not want to leave the eurozone. we want to change europe in order to have a nearly liberal -- a neo liberal europe and a social europe based on equality to >> georgios katrougalos all member states. -- based on equality to all member states. >> georgios katrougalos a member of the european parliament. in egypt two sons of ousted president hosni mubarak has been freed four years after they were arrested along with their father. they still face a retrial on corruption charges. their release comes as at least
15 people were killed sunday in antigovernment protests,4 years to the day since egypt's arab spring. more from cairo. >> concerned that the sons have left the prison. we had a false alarm last week and it appears they have been released. one day after the four-year anniversary of the attentive resolution in egypt -- the attempted revolution in egypt in 2011. they have been acquitted on two of the three charges leveled against them, embezzlement and corruption. there is an insider trading case outstanding and they will be back in court in march to face charges paid the symbolism is clear. the revolution has come -- 18 protesters and the release of mubarak. >> let's talk about the violence
on sunday. what happened, exactly? >> it started on friday, two days before the anniversary. a 17-year-old girl was killed or testing in alexandria. the following day on the eve of the anniversary, another young woman was killed, shot in the back in broad daylight as she was carrying flowers to tahrir square. yesterday, in a district of cairo that is perceived to be a stronghold. the regime has not stamped out all dissent. >> from cairo. reports now from syria that the islamic state group has been almost completely pushed out of the border town of kobane. if that is confirmed come it would mark a major symbolic victory, both for kurdish
fighters who have been leading the move on the ground and the u.s.-led coalition airstrikes. in nigeria, the army says it has pushed back multiple attacks by boko haram on the biggest city in the northeast. the militant group is gaining ground, capturing and other strategic town in the region. the violence coincides with the arrival of the u.s. secretary of state in the financial capital of lagos. john kerry has promised to boost support in the fight against boko haram. charlotte hawkins reports. >> the u.s. secretary of state landed in lagos hours after boko haram overran a town and launched a failed attack on maiduguri, the capital of borno state. john kerry the situation with goodluck jonathan, before meeting jonathan key rival in the election. he urged candidates to respect the outcome of the election.
saying violence like in 2011 could undermine the fight against boko haram. >> the desire of the united states to engage even more so in the effort to push back against boko haram or any other violent extremist group. the quality of the democratic process is important to contributing to our ability to do so. >> the maiduguri came a day after the president was in the city for a came -- a campaign rally, he pledged to defeat boko haram. [indiscernible] >> we must conquer boko haram. we must overcome terror. in what we know as a peaceful state. >> maiduguri would be a major prize for the boko haram insurgents. andy fall of the other city gives the militants free run into the city. they wabnt -- they want to
carve out a state ruled under their harsh interpretation of sharia law. their attacks have killed 1000 people and pushed one million from homes. >> time for the headlines, alexis tsipras set to become the new greek prime minister in the wake of his radical left-wing party's historic win. syriza won the prize backing from a small right-wing party that also was to stop austerity. 2 sons of the deposed egyptian president hosni mubarak are freed pending reach while on corruption. they are released from prison one day after 15 people are killed in antigovernment protests. ten people go on trial for exploiting the richest woman in france, l'oreal heiress liliane bettencourt. we returned to our top story. the elections in greece.
first of all, talk us through how the markets have reacted to the victory of syriza. >> there has not been much panic on the markets, some of which had been expected. a muted reaction to it let look at greece's 10 year bond yield, the benchmark cost for greece borrowing on the international market. it is up slightly. up from about 8.3%. we have seen that price gradually rise over the past few months as political instability unfolded. 7% is the key figure, above 7% means you cannot borrow on the market. it is too expensive. the greece stock markets have taken a little bit of a shot at the start of trading today. the index down over 5%, those losses being pared. the banks are the worst shares being hit. athens' index closed up 5%
friday. pretty muted reaction, the ftse 100 in the red small gains in paris and frankfurt. reflecting the fact that the markets price in syriza's victory. what is going to be interesting is what is going to happen as alexis tsipras decides what to do. >> he does have some pretty good economic challenges ahead. >> greece is in an economic collapse unlike any other country in europe. it lost a fifth of the value of its economy. unemployment is over twice 5%. wages have fallen by 1/6. it owes 310 billion euros paying that debt that will be crippling. let's go to london and speak to the senior economist at ihs.
you have been looking at the economic risks of syriza winning the election. where do you see the biggest issues for the government? >> i think we need to take into account in the short term the biggest risk comes from the fact that greece still need support. there is not common ground between the policies syriza is proposing and what greece's lenders would like to accept. it is going to be quite difficult. we are likely to see volatility until we have a better idea of the policies that a syriza-led government will be in for money. >> what hope does greece have for relief on its debt, the promise of alexis tsipras? >> if, a big if, if the new government is committed to reforms. it needs to be committed to reforms. then i think they will get some. in terms of austerity and also in terms of debt relief.
i think the debt relief greece is likely to get if they stick to reforms is likely to come in the shape of a lower interest on the official loans and possibly end extension on the maturity of the loans. i do not think greece will get a nominal cut on the loans syriza is proposing. >> is that going to be enough for the greek economy? they have a huge gap to plug in their finances. >> debt is a big issue. if you look at the debt to gdp ratio it is 137%. if you look at sustainability, the positive thing and gr eece, interest rates are quite low andy maturities are already quite large. the most important thing for the greek economy in the short term will be to get the liquidity
support it needs of the next few months. in the long-term, the question is whether the economy will be able to reform to be successful within the eurozone. that is a big question. the official letters have shown -- the official lenders have shown that they are flexible as long as greece does its homework. >> should the rest of europe he worried about greece and syriza? is there going to be contagion? >> if you look at the market reaction, contagion risk, at the moment, they have not seen any contagion to other countries. if greece and the troika do not reach an agreement, we also had elections in the peripheral countries later on this year. apart from podemos in spain,
there is no similar party in portugal, they had elections in late 2015. we may see repricing of political risk later on this year. >> thank you for joining us. plenty more we are hearing in the coming days. >> thank you for staying on top of it for us at france 24. time for the press review. ♪ >> with us on the set to look at the papers. and a lot of focus on greece in the historic victory of the far left syriza party. >> it is front page across the world. especially in greece. this is a left-leaning paper. a mouthful. it says, talking about a historic victory inand syriza on
the front page. the main center left paper in greek says 37% of the population has decided it is time to turn the page. the center-right paper says syriza has ushered in a new chapter in greek politics. lots of other papers are focusing on this. new chapter, new page. huffington post says we are seeing a political earthquake. it is a historic reversal. everyone in greece will remember where they were on the night of january 25. one of those rare moments, says the huffington post, when people's individual experience is tied in with the collective experience of the country. the article points out that a lot of people say the collapse we saw in the coalition government had to do with the economic situation. according to the huffington post, there are deeper causes that have nothing to do with number crunching. greeks have taken responsibility
for their own future and they have decided it is time to turn the page. >> in france, the left-leaning press has got to town as well. >> the communist paper in france is very excited by the win for syriza. they're talking about how syriza has opened a breach, this victory briefs life into a hope across the continent that a new thread as possible. this editorial thanks greek voters. thank you, greece. it thanks greece for giving europe a lesson in democracy political maturity, and courage. >> a lot of papers are focusing on syriza's leader alexis tsipras. >> he is the new face of europe according to this left-leaning paper. how did a 40-year-old relatively inexperienced greek politician managed to do this? over the last couple months,
tsipras has surrounded himself with an experienced team. he has softened his more radical tone. le monde has a profile and says he deserves a lot more credit than that. they quote a greek journalist who likens him to the argentinian football player who took a mediocre team and let it to the top. he's more pragmatic and this is why his rise in greek politics has been like a meteorite. >> the big question is what happens next. what effect will this have on the eurozone? >> interesting to see how various papers are focusing on this. the main right-leaning paper here says this is like a bolt of lightning worrying europe and the markets. it is a harsh wake-up call for europe but also for syriza. the radical left is really going to face the test of reality. another paper says this is a
message for europe. the e of europe is the euro si gn. people are predicting some sort of a showdown. a lebanese paper, they say greece is flipping off austerity. quite an aggressive headline here. the independent also predicting some sort of a showdown here. they talk about how greece and the eu are on a collision course. syriza is going to find itself in confrontation with the eu as it looks to relax the austerity program that has been imposed by berlin and brussels. it is interesting to look at the german press and how they are focusing. in frankfurter, tsipras is -- out of frankfurt, tsipras is facing a dilemma. he's going to have to compromise with the troika or face a . bankruptcy.
concessions will be necessary from both sides, says this paper. whether or not this is possible remains to be seen. >> other papers are worrying about a domino effect. >> this paper says that the european wide consensus on austerity has cracked wide open. they are talking about a revolution in athens. the revolution, according to the independent, is down to -- bound to tempt other countries to 10test austerity. there is another anti-austerity party in spain called podemos. it has made political games lately. you can see this article in el pais it talks about the leader, pablo iglesias, you can see him here with alexis tsipras. he applauded the victory for syriza as a new political era that will one day come to spain.
' unprecedented in human history. it's everywhere, in every country on every continent, and it affects virtually everything. the goods we buy the kind of jobs people do and where they do them, the safety of our homes and families. it's theft on a colossal scale. >> you could say that it's the crime of the century because you'd always be foolish to try any other kind of crime. if you're organized and you know what you're doing it is so profitable and it's so easy to get away with. it's just grown maybe a hundredfold in the last 25 years. >> the crime of the century