tv [untitled] May 17, 2012 11:00am-11:30am EDT
make up or break up britain's prime minister issues a stark warning to the eurozone today urging action or face collapse. david cameron thousand to keep the u.k. safe whatever happens the euro but in faith in britain best interests for the common currency countries to feel that problems outside. syria releases names of alleged foreign terrorists in its custody as the rebellion gets boosted by arms from abroad while suffering a split at the top of what. is will be ignites the palestinian conflict by sending gaza as it pushes ahead with efforts to barricade itself from its increasingly frustrated with the navy is. the russian markets. today now nearing it.
as the best is avoid risk yeah i think in light of the ongoing great song to me when it's time to think. seven pm in moscow good to have you with us here on r t our top story britain's prime minister says the eurozone is running out of time to solve its crisis david cameron tells business leaders the beleaguered single currency countries are at a crossroads demanding urgent action to avoid sparking a global depression our correspondent in london laura smith. he used these words that the eurozone has to make up or break up essentially what he's saying is support greece or see the euro zone fail he's calling for years and states and institutions to step in and help greece to support these require me to not just be made in italy as well as i say these are stronger words than he's ever used before he explicitly said that germany must do more and he talked about three or more
tricks of the euro which is according to him a sort of rigid system that looks in any. terms and. would normally do if it had that same currency would be to see value but inside the realms of the euro that's just not a possible option for them so cameron is saying that stronger states must be help help the weaker ones and he also said that the logic of a monetary union urges more political cooperation so that it takes an electorate responsibility from all the countries to help out the weaker ones that this sort of fiscal burden sharing that he's talking about and also a supportive monetary policy amongst all the countries in this people are very quick to say that of course the u.k. is not a member of the euro zone in syria no been a sense what business does cover and have particularly to criticize countries like germany and france when when the u.k.'s economy isn't necessarily involved but cameron's message today was that he wants to see the euro zone succeed because it's
in every country's financial interests to have strong economic neighbors david cameron sees really his job in all this to keep britain safe is he says he says it's in the u.k. interest to have these stable neighbors david cameron's message really is that he doesn't want greece to drop out of the euro zone experts are now saying that if it does happen then it could cause ten years of global depression this sort of turmoil in the financial markets that will be got over quickly also of course he won't be able to get that very austerity as it is at the moment failing in the euro is the same. see that he's pushing in britain and also trying to push the other european countries as well so it's a politically very difficult position for him to be in what we're seeing increased at the moment is a new prime minister who's of course the kate's caretaker prime minister up until a new election could be held on the seventeenth of june and there are huge fear is that the greek people will ultimately lead to. government and if that happens it
means that they won't have access to any more bailouts from countries we're seeing drooling from banks in greece and that's not just happening in greece we're hearing reports that it's happening in spain too and it could possibly spread to italy there's been the recent nationalization of one of spain's biggest banks banks here and reports the spanish people have also withdrawn a total of around a billion euros just in the past few days from those banks so the fear isn't that without the without greece the eurozone would collapse the fear is that greece is leaving would create a sort of house of cards in fact whereby everything else would fall down after that and of course this is against a backdrop of huge political differences between the main players in this new french president francois loans is very until the in fact he's going to says he's going to increase spending in france doesn't seem like that's a tool so we've got a lot of political wrangling from these major players who according to what david
cameron said today are the only once you could potentially sort this out this is caretaker government's been sworn in after a period coalition talks fell apart another election next month likely to decide whether greece stays or leaves the euro economist alberto mcgarty says previous leaders failed to deliver real reforms to the people. the european health already have tried to push osteria in greece and like with a hammer but at the very same time wood was a company in greece in terms of the leader of men legalizing dollywood market capping the size of government capping a thing who was very late to doing this to me i think at this point he's highly probable that police will exit the euro in the next few weeks and it may cause a domino effect in other mediterranean qantas and or to go spain eventually to lead to the europe is suffering a very strong lack of leadership and a lack of vision the quality of do all those in european countries know that it's
not very high they mismanage the crisis stated few just to see the euro for when do you who was which is a monitor in a stead they wanted i mean basically you had to beat it george and of course. it's utopian unification now we x.x. li wary of the for the us at this point if you love need to save itself you have needs to avoid into some kind of a transfer you you know me moving money from the pockets of for each europeans germans basically to deposits of food here via the dollars that of course i'm in german voters are not going to be allowed to. economist economics journalist editor chakraborty admits greece cutting itself loose cutting itself loose from the euro won't be easy and i think is may yet be in for worse here some of what we hear in the next hour. people have been modeling what the greek exit from the euro zone would look like for the best part of a year politically and economically politically even those who are in favor of
greece leaving so. they would accept that it would involve beyond being states people that it would mean the banks would. be a came to not be working it would mean that people be stopped from leaving the country especially with these foods of euros in their back pocket because the country that they need to stop capital come and to maintain a high level move so it would feel picked like a country in the market. the question all in the saudis really for the rest of the euro zone if the euro zone can say to the rest and to financial markets look greece is leaving but we all know that greece is a special case you know behind our hands with a bit of a basket case and its problems are not the rest of the euro zone that's what they really mean by an orderly exit if they can convince everyone that greece is leaving because of greece not because of the euro i don't think the markets would buy that
. still ahead this hour giving up on going after the good life we tell you why you need all mexican immigrants are choosing to leave us and what it could mean for the country's economy. but first syria's government to release names of alleged foreign terrorists it claims to have captured on its soil twenty said to be arabs who confessed to working for al qaeda the list also includes french and british citizens meanwhile washington denies being indirectly involved in smuggling arms to syrian rebels media sources said the u.s. is coordinating support for. qatar and saudi arabia rebels admit getting more weapons but also having a leadership crisis to contend with the turkish based syrian national council has been disavowed by the opposition coordination committees in syria the head of the s.n.c. says he's stepping down british based journalist neil clark thinks the opposition has lost credibility the syrian national council we knew before this week that they
were very fractured in divided opposition anything that unites these people the regime and these are the very people close to the west wants us to believe are a government in waiting and it's quite clear that these bunch of jokers couldn't run the going to shop i mean if they were put in charge of one shot they'd be arguing about the price of coffee and the idea that the s.n.c. can actually birthplaces everything and if they really have the level of support they claim to have they claim that they've got over sixty percent support it why did they put their names will the elections of us we can see here we've got a democratic framework so the domestic problems through elections president assad and said that the elections last week so why aren't the s.n.c. temple gotten those elections if they really get represent the majority of syrian opinion usa and saudi arabia. how has been involved in trying to destabilize the damascus regime and bring about regime change and they're doing everything they possibly can destroy the peaceful millions of dollars of weaponry going into syria and backing terrorists u.s.
forces british forces and french forces with training terrorists and a sad courses in turkey to fight the regime is all about regime change and the plan needs to topple assad and get in a more progress to reach even syria. syria's president is routed on the un backed peace plan for failing to stop civilian bloodshed more than a month into the ceasefire violence remains high in a rare t.v. appearance president assad told russia's rossiya twenty four channel that his country is fighting foreign mercenaries masking themselves as the free syrian army . if not on earth the fall the west always tries to find puppets for itself syria has never bow down to that on any issue they've always done that on a train the same with this conflict the new e.u. sanctions a felt more by ordinary people in the economy when they talk of boycotting syria they mean a boycott only by western nations kofi annan plan is not only aimed at stopping the violence it must also help people to return back to their homes where they were
forced out by terrorists this plan has to stop the smuggling of weapons and the funding of terrorists in must to put pressure and hold accountable other states openly claiming that they will support tension in syria if they only talk about violence coming from the government side and not a word about terrorists here. but over to. more of these top stories here's what's a quicker way right now. moscow police descended to disperse on yet another opposition care about angering protesters find out where the activists say they're headed next. and how the oil could spoil a priceless wonder of the world that he logged threatened by iraq he plans to extend to build your pipeline all the details on our website.
israel is denying reports that its army is shelled parts of gaza wounding several civilians claims come from palestinian doctors who say they're treating the wounded the latest from our middle east correspondent paul scheer. here with being told that anything between four and seven gazans have been post in this latest israeli artillery fire in northern and eastern gaza two people have been taken to hospital but we've been told that ambulances as well as emergency vehicles all still in the area now according to palestinian sources there was somewhere between six to eight israeli tanks and bulldozers heading into gaza and according to eyewitnesses the soldiers started firing indiscriminately on farmers who were working their land also being told that the bulldozers started bulldozing those very same plots of land speaking to these maybe on the boat they say that they had not heard of any injuries they say that these way the army is nearly conducting routine operations inside gaza but so if you do understand that these way the army is still inside
gaza while we speak now tensions in the area have been running high full civil weeks now every few days when he has about what could set off fired from gaza into southern israeli communities and every so often there is a flare up in which trick from the israeli signed in terms. warning the gazans that any israeli operation in the gaza strip might not be that far off in addition is all is building walls along its borders with its arab neighbors it's essentially barricading itself in according to what many critics say it's been building a wall along its southern border with the sinai and with egypt it's also recently began building a wall in the north along the israeli lebanese border and this is in addition to the wall it's building in the palestinian west bank. a lonely house on a hilltop tells the whole story of palestinian plots of land passed down through the generations now under threat i don't write the number i don't want. i want my
gran and for his insistence almost paying the price is small papa she is on the wrong side of the wall tel aviv is building between israel and the palestinians and what was once or more was part of a larger village he'll soon be cut off from it and alone on the other side from this i feel for me the. israeli tractors have already for eight months been building the prison or refers to digging up the ground around his house the plan will see his home cut off by a five meter high electrified fence and a tunnel monitored by security cameras will connect him with a larger village after. the experience for around. this this this road and go for. gold dollars there let alone go the village side she's got all this tunnel two hundred fifty meter. this tunnel just very very big ball for this five million on hundred thousand
one million dollars just to build this done for just only one family. for a decade already israel's been building a wall that cuts through the west bank these raby states for security but palestinians complain it saves them from their land and communities the leadership of israel is going crazy and they have no real plan their have no really vision no real vision of a very long term answer because walls will not and will never ever provide security for this one is a good neighbor is actually provide security and we do not have good neighbors eventually the village of larger will also be completely closed in by the wall the only way in and out will be through this entrance that the israelis will control here too the israelis are building another tunnel. this one is so that omar's neighbors can reach a small family cemetery they'll be electrified fence and the local joke is that not only are the israelis separating palestinians from their land they're separating
the living from the dead but with each tilt of the soil most families connection to the land is threatened to be even more suited for much of. what they can do just as i did term future. this is. this for you and this for my father. my grandfather. don't live in the future it's. black a future times against him and with every new brick that goes up the families isolation is cemented policy r.t. the larger village. turning now to some other stories making headlines across the globe a group of suicide bombers attacked a government out in the western afghanistan killing at least seven and wounding twelve one of the militants blew himself up at the gate of the governor's complex in the far our present province as three others push their way inside a two hour gun battle with police broke out filling other attackers killing the
other attackers six officers and one civilian elsewhere in the country taliban forces attacked a nato supply convoy overnight really the fourth. u.s. ambassador to israel says plans for a possible military strike on iran are ready and available statement comes just days before terror on is due to resume talks with world powers over its nuclear program the u.s. allies have been using sanctions to encourage iran to curb its uranium enrichment which they believe is being used to make an atomic bomb iran insists it's only developing a nuclear energy grid. the trial of former bosnian serb military commander ratko melodic has been suspended indefinitely because of significant disclosure errors prosecutors failed to share all their evidence with the defense team which is demanding a six month delay wattage faces multiple charges from the one nine hundred ninety s. yugoslavia war including the srebrenica massacre of more than seven thousand muslim men and employees and the siege of sarajevo which killed ten thousand the civilians
. north korea has detained three chinese fishing boats with twenty nine crew members aboard and demanding payment for their release they were seized over a week ago by a korean gunboat in the yellow sea border area no word yet from pyongyang china and north korea are strong allies but the north is deeply reactive to what it sees as territorial infringements. thousands of mexicans packing for home after finding less opportunity in the u.s. than they'd hoped for discovering a fragile economy and a weak job market many illegal immigrants are heading back south of the border reversing a decades old trend artie's medina coach you know has more. three inhospitable terrain to trigger happy border guards crossing illegally from mexico into the united states is a pearl is journey which for many desperate for a new life was always thought to be worth the risk but times and more importantly condominiums have certainly changed if what i was so was working even through jobs
i mean what do you up to that would send someday i mean it was easy but now it's sort of so that if you go you can leave but you're going to spend the money to find a good job ten years ago gustavo like many other mexicans came to california illegally to earn money provide for his family and enjoy a harsh standard of living than at home but now he has joined the rapidly swelling ranks of those thinking it's time to pack their bags and have back south because of the poverty that was in the united states even people before maybe even middle class mexicans now they're falling into the lower class and now even. so a lot of people are saying i want to report here i might as well go back home to be or at least with my family of mexico whether want it or not in the past mexico has provided the largest wave of immigration from a single country into the united states but now that's bigger just like america's
economy has come to a grinding halt crippling unemployment and housing construction market lying idle and the sharp rise in deprecation charcoal combining to put people off seeking the good life in america during the five year period from two thousand and five to twenty ten a total net of one point four million mexicans immigrated to the united states down by more than half from the three million who had done so and the five year period nine hundred ninety five to two thousand mexicans that come here to the u.s. and take farmers and labor that is why it's great for the mexicans to the jobs that . we feasted so this from women everywhere raises the question just who will sell and without ron gotcha's a teacher and a community organizer believes the sharp don't worry trend can lead to more drastic consequences if they leave the crisis in the u.s.
is going to be far greater than it is now because you know mexico have to go to the grocery store they have the right to buy like anybody else so that's a lot of buying power we're talking about billions of dollars of buying power that the american economy cannot afford to lose americans have complained for decades that they want a last immigration from mexico but if chores started going aren't done and prices started rising they may soon started complaining that they won more my dinner which now our t.v. reporting from los angeles california. is up now with all the latest business news so the russian markets took a total beating today tell us more i absolutely did they closed to no halt. because of the tumble and grace is continuing to take its toll here in moscow investors all choosing to take their money out of a risky asset so right now we'll be able to see that the mice aces under that all important thirteen hundred psychological level when it goes by like that and that's
when the panic stations start going all over. for the home office and down if we take a quick snapshot of the loses over my six today was see some of the biggest companies. love style sabbat by seven percent down let's put this into perspective for us to add a bit of light would kaos that we still might say machine called head of international actually sells it here i said beats raise it for us half of us at. first and foremost throw shoes a so-called high above the market puzzle why sue no one thinks. getting cute rocher hit was a main thing on top of that we're seeing a number of margin calls today and by. a substantial sum in coming from western funds is it possible he was thrown to one thousand two hundred for the arts here since it's currently worth one thousand three hundred something so perhaps likely. but you know if greg sued so-called gregg's at the exit of greece from the european
union europe so europe is going to be found all badly then pickups we might see even through the decline in the r.t.s. scene that's moving as the us and i'll try to give the second hour of the dow jones is heading for a fifth day of losses that around a quarter of a percent down the lows the sentiments coming out unemployment benefits as well much higher than anticipated that showing that the labor market is making a little progress. the worst of the best so that explains it corporate earnings wal-mart managed to gain over five percent of us know how to withstand all that international pressure coming from the euro zone raiser we've got the nasdaq around six tenths of a percent of course facebook will be listed on its marise and watching out for that one as get over to the epicenter of all the european figures for you that now we also had moody's investors service saying that they may downgrade twenty one scottish banks also the e.c.b. as well so that they're not going to lend greece any more money so right that we've
got the footsie around want to said. doc so it was never a good day a tool to get on to your dollar with the help of a sentiment a really affecting the common currency and it's losing just a fraction one twenty seven ten but it remains below that all important one thirty region we've also got the ruble that's how it closed up today and it had a very disappointing day and that's because traders are headings was the u.s. dollar movie although see how those oil prices are all doing and i do believe this so that mixed ok and that is largely because demand is going to be a priority at the moment and that is all because of the slow brand greek crisis got oh my it is the dominating thing all right thanks very much katie and i'll be back with the headlines after this short break stay with us your art.