tv [untitled] May 20, 2012 12:30am-1:00am EDT
it's eight thirty here in moscow you're watching r t thanks for tuning in let's take a recap of the headlines leaders of the world's or top industrialized nations and throw their weight behind greece staying in the euro zone speculation mounts that it's just damage control and that a very different fate is being mapped out for ethen it's. world leaders arrive in chicago for the nato summit in the city welcoming them with thousand strong protests and reports of heavy handed police reaction. and the u.s. resumes arms sales to bahrain amid concerns they'll be used to further the crackdown on growing demonstrations fueled by the ruling families plans for unity with saudi arabia. it's trying times for the euro zone and next we talked to idea.
the economics leader writer for the guardian newspaper about what hard hit greece and the entire region can do to get back on track stations for that. today i'm talking to a dieter chakraborty who's an economics leader writer for the guardian newspaper we're talking as politicians increasingly start to discuss an exit for greece from the euro zone as you see chakraborty thinks that orderly all disorderly that exit will see disorder on the streets of greece as these are thank you very much for talking to us today and we've recently seen these elections in greece which appear to have shown that the greek people reject austerity how long do you think that rebellion is going to go on for i think it's already been going on for the best part of two years ever since the european union and the i.m.f. impose a really severe program of spending cards and form of welfare on greece you've
basically seen a country which is dissin very quickly into the realms of young governable what you saw simply in the last elections was about getting on for same percentage lettre voted against austerity that is a party that was against austerity now whether that means that they're against spending cuts that means they're against reforming labor laws would that mean there are going to change in the welfare system where they simply going to privatizing whole swathes of national asset it i don't know but what you do see very clearly from greece these elections and i think you've seen for the best past years is a kind of wholesale rejection of the program that's been imposed upon greece and we've seen germany's finance minister will conk schauble make it very clear that are the greece sticks to this austerity all it quits the eurozone what's in greece's interest would you say what's best for them i think what we can stop the most obvious thing is to stop this austerity what happens next well that's
a that's a more vexed question if you want to talk about whether it's a good idea for greece stay within the euro or i think the way it's commute very painful decision for greece if it stays within the euro it will be forced to stick to some. the program imposed on it from outside for a long time to come and it won't have a great safety valve that's normally given to countries in the press or we need to devalue the currency that's a problem with staying in europe problems of living on the other hand of the kind of volatility and turbulence which may well look may or may well make the general strikes to rights all the rest of it look like walking a pole compared to what happens next so that's from greece's point of view but what about the point of view of the rest of the year is the german chancellor angela merkel and new french president francois hollande says both say that they want greece to stay in the year is a is greece essential for keeping the euro zone together really it's not but the big question that will come up as soon as any country walks out
a door is which i was going to follow after it so greece is a very small economy greece is also it's pretty clear an exceptional case would be in the euro zone economy because it's had the biggest crisis of the lot it's had the biggest bust of the lot it's got costs you know it's got a whole series of. specific to greece but if it go because there was a stop portugal from going to and talking about sort of house of cards and this is being this is being the big question ever since it became clear that southern europe was in trouble it was never about one country particular and it was particular not about greece assoon as the questions arise about greece then actually the big questions get raised what about spain what about italy these are the really big economies even some in europe and within the euro zone and so when i go merkel said if the euro collapses europe itself will collapse do you think that sort of prophecy almost coming true. it's very funny statement for the german chance to make because the euro the euro is the union the seventeen countries the
european union is a union of twenty seven countries and growing and so for her to ally one with the other is a very curious thing to do it may be rhetorical over straight but it may also be that she sees the euro zone without that what happens in the european union probably she's got is that she says the euro equals europe but she also says austerity because europe so what you've got. very clearly not just in greece but across the euro zone now you've got electorates and governments collapsing because they cannot impose austerity on their on their voters so even in neverland government government collapses because economy posen sterrett belgium hasn't had a government for the best part of the year. if the if the european equal just thirty and if the year if european unique was the euro and if the year equal then vote is then what is thirty so what does that mean about the rest of the rest of the european union i think you've got to come up with
a better story for europe is for than simply it's about the euro what about potential exit for greece politicians are now really for the first time talking about an actual situation where greece might access and they're talking about an orderly or a disorderly exit what do those terms mean and what real difference do you think it would make really really odd thing when people to well orderly or disorderly is all you disorderly for whom because i can assure you that any sort of situation however well managed the group for the ordinary greek it's going to be very disorderly indeed it's going to be very very turbulent. people have been modeling what a 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 the euro zone it would involve the army being on the streets to keep order it would mean the banks would have been shot possibly shot to be a teams would not be working it would mean that people be stopped from leaving the country especially with this moves of euros in their back pocket because the
country would then need to stop all capital from the country and to maintain a very high level room order so it would feel affected like a countryman of marshall volt the question all in the saudis really for the rest of the euro zone if the euro zone can say to threaten to financial markets look greece is leaving but we all know it greece is a special case you know behind our hands will say it's a bit of a basket case and actually 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 markets would buy that because the rot has gone so far. financial markets i'm willing to lend to spain or to italy that i don't think people any longer see is a problem confined to just one or two small countries and what about the situation with the banking sector in greece at the moment you talk about sort of disorder on the streets we've seen in the region of a billion euros i think withdrawn from greek banks just in the last ten days how
significant is that how close do you think that is to panic withdrawing a run on the banks essentially i went into one big spanx in greece in the capital athens in syntagma square last summer and i asked one of the cashiers what's your most popular financial product and he pulled out a safe box and he said what people are doing now is they are renting from us to put their money they no longer keep their money in the count in a bank they keep it in a safe box in the vault below almost under the mattress exactly like twenty first century of keep it on the pillow. so actually a bank run has a very slow motion bank run has been evident in greece for the better part of a year. what you've seen in past ten days is that sped up dramatically. the banking system in greece to intensive purposes been a zombie five banking system for the best past years because most of the debts that greece holds has been written and so much portion of those debts held by the greek
government are held by the greek banks system so effectively a sudden apollo worthless loans and that's before you get on to the loans they've made to businesses and households which also not worth half what they were if that . so it's pretty clear that whatever you would have to do to greece stays in europe where it does then you're aware victims was thirty were doesn't it in your thirty in need to do something to restructure and bring back to life its banking system but it doesn't have the money to do it up and no one in the rest of europe is willing to give it a money to do that and all over europe there's a growing popular opposition to the political and economic union how of european bureaucrats failed to convince the people that the european union as a whole and the euro particularly are a good idea. i'll turn a question around you'd have to say it's the most it's an it's the crowning achievement of brussels it's managed to take a largely pro european continent and turn it so wholesale you against europe and the euro we're talking in britain where if you look at the popular press and even
sections our political party system there are a whole variety people who would see brussels have been on some kind of conspiracy plot to turn all banal as straight and this is always been part of the british public discourse what's been really interesting from this side the channel is actually more and more the continent is turning against the euro and turning against europe and i think that's largely goes back to what angela merkel says about if the euro fails europe fails she has made europe about the euro and she's made about making vicious spending cuts even in germany which is seen as being the strongest and most successful economy of the past decade even in germany average german worker has seen his or her wages for over the path their case take out inflation the median german wages fall and four percent over the past decade so even your average german worker the person in the most successful strongest economy in all of europe is worse off now than they were when since the euro launched and how far do you think politicians in brussels are willing to go to save the union
and what you've seen of past two and a half years is effectively a whole series of blame games going on soon as it became clear that greece was in trouble people in brussels and cross normally would say well that's greece you know we knew they were they shouldn't really been part of the year in the first place then oil and says hang on we're in trouble to wow you know the irish they can never control this their property market in portugal well ways portugal for heaven's sake then spain italy and so on so forth always becomes the fault of these individual countries and no point until very recently didn't say hang on there is a systemic problem here because you see whole swathes of europe now effectively going bankrupt or as close to bankrupt as you can get. and so the very belatedly they realize actually this is not just about country's been at fault but about an extension crisis bureau. having only just recognize that they're nowhere near put in policies in place that might save your. thank you very much.
we don't have the problem but every. effort is made by the palestinian or in the european side to negotiate and to the violent attacks against israel which i have no fear of war call the. song goes you have no. calling the leader of the state of israel one of the main terrorists in the world. we are supposed to be seriously examining history but you mention a few words about jewish culture lapidary and people gets so upset this is i'm sorry to say it's a form of emotional blackmail. what
leaders of the world's top industrialized nations are throwing their weight behind greece and staying in the euro zone and the speculation mounts that it's just damage control and that a very different fate is being met down there and. world leaders arrive in chicago for the nato summit the city welcoming them with belgium strong protests and reports of a heavy handed police reaction. and said the u.s. resumes arm sales to bahrain i made concerns they'll be used to further the crackdown on growing demonstrations fueled by the ruling family its plans we unity with saudi arabia. up next to entries you know with the latest action from the world sport state changed.
color that thanks for watching the sport and these are the headlines kings of europe chelsea celebrate after beating bahrain four three on penalties to win their first champions league final. clash helsinki high of russia done by a host and reigning champions finland to qualify for the fourth or talking world championship final in five years and that how you mean rowing ratio of a prepares to defend her title against really. trying times following a less than stellar season russia's rugby squad and their european nations cup campaign picturing. but first chelsea have been crowned kings of europe beating buying munich four three on penalties and a dramatic champions league final in germany last night chelsea on the back foot for most of the game that binds early answer. and it looked like the germans would lift the trophy after thomas small or not it in seven minutes from the end of
normal time it did drop but it had a five minutes later sent it into extra time and when that finished goal it went to penalties with didier drogba scoring the winner after bashing schweinsteiger missed chelsea's first european cup triumph and giving russian are no romana the trophy he's craved since taking over. three. lives sometimes it's unpredictable and crazy. i don't think anybody could have predicted what happened in these last three months of all season for the very difficult season and to finish off like this. the crowd an incredible achievement there steve. again builds the richest football match in the world also took place on saturday night west ham united beating blackpool in a playoff to reach the english premier league and pocket some seventy million dollars in the process incredible pressure then at wembley but it was
a calm cough and cold who broke the deadlock the former england international showing he's lost a little of his prowess ten minutes from the break. got right back into contention early in the second half a brilliant long ball latched on to thomas ince for one one. but the final say was to belong to the londoners as a foreign home three minutes from time to ensure that the lever turned to the premier league the first attempt so english top flight football guaranteed and check the seventeen million dollars to follow a lot of bad day's work. meanwhile russia are gunning for their third world ice hockey crown in four years and take on slovakia in the final on sunday you get a malkin had reach for the red machine sweep past defending champions finland in the semi's are surviving a go to surprise three one win over the czechs in their semi shutdown their hero with a brace of goals and also going for glory is russian tennis star maria sharapova
she will face li na in the final of the italian open a little later on up of a cruise past undulate curva six three six people in the semi's and remains on course to successfully defend her title next opponent no progress the final three no williams retired in their match with a back injury although the american feels she will be ok for the french open which starts at the end of the month. and novak djokovic beat roger federer to set up a showdown with rafael nadal in the men's final federal looking a bit weary under the lights in rome and lost the opening set to the defending champion six two the second was close a bit djokovic still had the upper hand here winning on a tie break seven six when the swiss said that sure. now week after losing impossible she. league final tears sky banks back to claim their tenth russian crime in a row the army men beating him key ninety points to seventy five to wrap up their best of five series three nil disco always in control i'm
a fourteen points up in the first that was cut by him came to five in the close and called it to skull put on another in the final minutes to run out when isn't playing an incredible nineteen twenty one season. now it's semifinal. match play championship graeme mcdowell will play rough belo nicklaus called science will play paul houri graeme mcdowell is the top seed left in the competition and most of the cried followed his contest again see if you go see the quarter final stage mcdowell winning it on the first hole of a playoff and his next opponent is rafael could but add a bellow he got an impressive three one victory over queer ups. while scotland's color was probably the most impressive on saturday thrash south africa's retief goosen six and five. that sets up a last fall clash with nicholas called the belgian coming out of the sand here to see off a late charge from brad snedeker. and is jason dufner he leads the
bar in nelson championship in texas at the moment with a round left to play he has a one. day j.j. henry and pride. now it wasn't just football which had a european final taking place on saturday in rugby the biggest club game of the year was held in london and historic a very twickenham with the decider played out between two irish sides for the first time instead proving themselves masses of europe once again by dominating northern neighbors forty two fourteen run adrift school and company remarkably clinching the heineken cup crown in four years stay with rugby where russia wrapped up their continental campaign this season securing third place in the european nations cup after beating spain in the final match of the season here in moscow while heading into the clash being the kings the joneses men had produced some solid performances
with wins over paul suffered an expected loss. but the russians had enough in the tank this time and in a high scoring and against the lions the team's training kicks in the first before the scored two tries to put away twenty one six at the end of the half russia then thirty eight sixteen when spain made a fanatic comeback ten. forty one thirty seven the foreign school. we were quite confident the star. had a lot of pressure that choice probably could have scored more in the first half but after after is in progress in the second half and obviously we had to scramble a lot more and a couple of our mistakes. good converts are contrived by spain. that's where the score was supposed to be and now let's switch to a motor. payware danny partridge to has clinched his first part of the year at the french. the spaniard leaving his honda teammate and reigning champion casey stoner
to settle for second place on the grid for sunday's race the twenty six year old around the legendary lamont strike finishing his best lap in just over one minute three seconds stoner just three hundred to the second behind his stablemate riding in what he said will be his last season for retiring destroyed and will be seeking a second straight win at the kid and the ball the zero zero got the better twenty ten champion yorker enzo to start from third on sunday. finally becoming a team isn't always an easy task and it is even harder when faced with challenging difficult obstacles that you come across on climbing adventures kids aged eleven to fourteen don't have to check to katmandu in order for them to develop both teamwork and individual skills as mother kind of chain care has been finding a. chance for children in use have always been promoted healthfully russia but looking for more specialized adventures which develop and hone skills and help
promote interaction are still far and few between the russian adventure and borrow and it's fun to have managed to bring team building exercises to the outskirts of moscow. located roughly one hundred kilometers from the capital is the first fully equipped obstacle course of its kind in russia. the main difference between the schools and others you can find around russia is that it focuses on providing challenges for kids. who are eight which can only be tackled as a team and the fact that they have to complete these tasks such as crossing a random bridge or together they learn new skills and qualities and overall become more confident indeed watching a group of hearing impaired kids taking on a devilishly tricky crossing six meters above ground is inspiring. and although it's meant first and foremost for the less fortunate children organizers insist that there have been plenty of healthy adults who've chickened out when dead not so
for these little adventure seekers so how's your experience been going more well of course it's scary when you climb on here you can understand what else has happened on your own it would be difficult but my teammates maybe. there are quite a few different obstacle courses available from rock climbing to trench style insurance tests but it's the rubicon towering construction in the heart of the camp that draws the most gasps now it's named after the italian river that through the seas and his army once crossed back in forty nine a d. and of course that also means crossing the rubicon means crossing a point of no return now the organizers and creators although this obstacle say that it cannot be reached or completed by yourself you need a team for that but i'm going to sneak ahead of the pack here and see if i can complete it without any extra help. and of course. this is easy as.
well i may have been the truth a little bit that it really is a difficult obstacle course and there's absolutely no way of finishing you don't. it's truly amazing how productive and productive even the most shy or disabled child becomes once put to the task beverly's i learned how to keep my balance and control my fears how did you do that well don't be scared keep going to come back again yeah i'd like to come back next year so it's better than playing bass they said yeah it's better than a play station. there may be only one rubicon in russia at the moment but with such experience that these kids take away with them it can only be a matter of time before the secret gets out. of moscow region. in place and i mikey's i k.-o. tumble. more into.