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tv   [untitled]    May 20, 2012 4:30am-5:00am EDT

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you're watching r t let's take a look at the headlines world leaders arrive in chicago for the nato summit the city welcoming them a thousand strong protests and reports of a heavy handed police reaction. leaders of the world's top industrialized nations are throw their weight behind resisting in the euro zone speculation mounts that it's just damage control and that a very different phrase is being mapped out for athens. and to the u.s. resumes arms sales to bahrain that made concerns that will be used to further the crackdown on growing demonstrations fueled by the ruling family's plans for unity
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with saudi arabia. it's trying times for the eurozone and next so we talked to you i did check abroad the economy leader right self-will the guardian newspaper about what hard hit greece and the entire region can do to get back on track. 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 like 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 better part of two years ever since the european union and the i.m.f.
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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 lost elections was about getting on for simple simple lettre voted against austerity parties for 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 they're against changing the welfare system were they simply privatizing whole swathes of national at 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 part of the year is a kind of wholesale rejection of the program that's been imposed upon greece and we've seen germany's finance minister will crank schauble make it very clear that either greece sticks to this austerity or it quits the euro what's in greece's interest would you say what's best for them i think what we can stop the most
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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 mistress or been able to devalue its own currency that's a problem with staying in the euro problems living on the other hand of the kind of volatility and turbulence which may well may or may well make the general strikes to rights all the rest of it look like walk in the park 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 to both say that they want greece to stay in the is greece essential for keeping the euro zone together really. it's not but the big question
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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 and exceptional case within 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 stopped portugal from going to and talking about sort of house of cards and this is being this is been 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
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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 the problem is she's got is 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 collapses because economy posen sturdy belgium hasn't had a government for the best part of a year. if the if the european equal just thirty and if the year if european equal . and if the year equal then vote as they want us thirty so what does that mean
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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 exit 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 the really really odd thing when people to well orderly or disorderly is all a 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 street to keep order it would mean the banks would have been shot possibly shot that the a teams would not be working it would mean that people be stopped from leaving the country
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especially with this moves of euro's 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 the 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
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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 banks 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 best part of a year what you see in the 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 of
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greece whole once has been written and so much of a portion of those debts held by the greek government are held by the greek banks system so effectively a sudden appollo worthless loans and that's before you get on to the loans are 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 where it 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 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 against europe and the
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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 of 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 odd 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 your affair with 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 are rich german workers has seen his or her weight is pulled over the path to cape takeout 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
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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 denial and says hang on we're in trouble too 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 physically get. and so the very belatedly they realize actually this is not just about country's been at fault but about an extension crisis for the euro. having only just recognize that they're
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nowhere near putting the policies in place that might save you or. thank you very much. we have to begin to identify those goals to. push. to keep our staff. just to be. done to come to peace. as i get my people don't seem all that bad but it is a bunch of losers i might i have a very good job people have jobs here that's all nonsense and they don't have jobs
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they're losers. my. high that. i. lucked. wealthy british style stock. market why not. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to kaiser report. in his secret laboratory tim was able to build the world's most sophisticated robot
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which all unfortunately doesn't give a darn about anything tim's mission to teach creation why you should care about humans and world this is why you should care. only. the. line. would be soo much brighter if you knew about the song from phones to
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impression it's. nice for a start on t.v. dot com. world leaders arrive in chicago for the nato summit in the city welcoming them with thousand strong protests and reports of a heavy handed police reaction. leaders of the world's top industrialized nations of throw their weight behind greece and stay in the euro zone the speculation months that it is just damage control and that a very different fate is being mapped out for athens. and of the u.s. a resumes arms sales to bahrain mid concerns will be used to further the crackdown on the growing demonstrations fueled by the ruling families plans for unity with saudi arabia. up next andrew zero with the latest sports.
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thanks for watching and here's a taste of what is coming up over the next few minutes kings of europe chelsea head home with the champions league trophy after beating bind four three on penalties last helsinki high russia knock out hopes and reigning champions finland to reach their fourth ice hockey world championship final by d.s. and at home in rome maria sharapova prepares to defend her attire you know playing title against the now. first chelsea have won the champions league for the very first time maybe by munich four three on penalties and a dramatic final in germany last night chelsea were on the back foot for most of the game up by and serena and it looked like the germans would lift the trophy after thomas miller's headed goal in the eighteenth minute however didier drogba bullet header shortly after sent it into extra time and although they did he then
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gave away a penalty aaron robin missed it and with the score staying at one one it went to a penalty shootout more drama followed bastian schweinsteiger has missed giving drugs with a chance to clean to pick three hundred slotted home to make chelsea champions of europe their their russia no no i don't want our primo beach finally getting the trade it's crazy inspiring the club nine years ago. well chelsea coach are pretty timid is trying to take it all in last night's triumph gave him a unique double after also winning the f.a. cup during his brief ten week stint as interim manager although it's still unclear if will continue to lead the team next season. after the what the future is for the holt we are just very happy. to have made history for this club is the first time that we have won this competition. and it's very difficult to win it we went very close so the club with a very close four years ago and and you know i think a lot of the player thought ok we'll will qualify again for final and didn't come
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until until two thousand and twelve so it's a different competition to win and you have to take your chance when it comes on today chelsea with a lucky it seems they played typically as they do at the moment and i send my congratulations to chelsea and london the team for brilliantly they stood well in defense and with luck they won the champions league with a penalty shoot out well no prizes for guessing who was man of the match didier drogba collecting his award after the epic encounter and he relished the moment saying the victory had come after a long long way. been here for four eight years and always so close oh we're so close and so far the same time and today. we. described. going back to the start for bridged villages that bush really never now the game billed as the richest football match in the world also took place on
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saturday night west ham united beating blackpool in a playoff to reach the english premier league and pocket some seventeen million dollars in the process incredible pressure then it really but it was a karmic often cold who broke the deadlock the former england international showing he's lost a little of his prowess ten minutes from the break but paulo got right back into contention early in the second half a brilliant long ball actually daunted by thomas' four one one. but the final say was to belong to the londoners as a foreign home three minutes from time to ensure that the seal their return to the premier league at the first attempt so english top flight football guaranteed and check this seventy million dollars to follow not a bad day's work. anymore rusher are gunning for their third ice hockey world title in four years and take on slovakia in the final of the world championships on sunday getting malkin hat tricks or the red machines past defending champions finland in the semi while slovakia got
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a surprise three one win over the czechs in their semi shutdown their hero with a brace of goals. and also going to glory is russian tennis star maria sharapova she will face lean are in the final of the italian open a little later on sure up of a cruise past angelica best six three six in the semi's and remains on course to successfully defended title the next opponent lena progressing after throwing away in for tied in their match with a back injury although the american feel 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 at the weary under the lights in rome and lost the opening set to the defending champion six two the second was closer but djokovic still had the. and winning in a tie break seven six when the swiss sent a short long. now week after losing in basketball as you really final to scar have bounced back to claim their tenth russian crown in
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a row the army men beating him key nineteen points to seventy five to wrap up their best of five series three nil to skull always in control of fourteen points up in the first that was cut by him key to five in the closing quarter scar put on another surge in the final minutes to run out winners and clay incredible nineteen domestic title in twenty one season. in the n.b.a. playoffs the san antonio spurs and oklahoma city thunder just a win away from making the third round there san antonio beat the l.a. clippers ninety six eighty six and that gives them a three nil series lead in their best of seven contests while oklahoma three one up in their tie with the los angeles lakers winning their latest encounter one hundred three point two one hundred russell westbrook getting thirty seven of the. body. we all believed in each other. as for me i just.
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try to find a way to keep this in the game you know i was a long time to play yours and you know you can afford to sit back you want to run the semifinal state goals well match play championship and graeme mcdowell play raphael could but added bello nicolas colsaerts faces paul lowery graeme mcdowell is the top seed left in the competition and most of the crowd followed his contest against sergio garcia at the quarter final stage with tao winning it on the first extra hole of a playoff and his next opponent is rafael cabrera belo he got an impressive three one victory over to quit. while scotland's paul houri was probably the most impressive on saturday and fresh south africa's retief goosen six and five. and that sets up a last four clash with nicolas colsaerts the belgian coming out of the sand here to see off a late charge from brad snedeker. and it's jason dufner
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who leads the bar nelson championship in texas with the rand left to play he has a one strike me david jason day j.j. henry and taking pride. in finally becoming a team player isn't always the easiest task but children from around moscow now have the chance develop their bonding skills like they never have done before like a kind of child care has been finding at. camps for children and use have always been promoted healthily throughout 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 his father had 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. or the main difference between this course and others you can find around russia is that it focuses on providing challenges for kids to say in
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groups of seven or eight which can only be tackled as a team and the fact that they have to complete these tasks such as crossing a rendon 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 metres above ground is inspiring and although it's meant first and foremost for the list 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 has your experience been your lot 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 make sure there are. just 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
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and his army once crossed back in forty nine a d. and of course it 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 it really is a difficult obstacle course and there's absolutely no way appreciate don't you it's truly amazing how productive and proactive even the most shy or disabled child becomes once put to the task beverly i learned how to keep my balance and control my fears and how did you do that well don't be scared keep going to come back
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again yeah i'd like to come back next year so it's better than playing bass station 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. region. it's good fun for the moment the other isn't. see it makes it. to cable. and the latest atrocity. they tell sick of the. world to the. science technology innovation all the mist of elements from
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around russia we've got the few jerks covered.
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you know his secret laboratory tim curry was able to build a news most sophisticated robot which on fortunately doesn't give a dollar amount anything tim's mission to teach creation why it should care about humans and. this is why you should care watch only on t.v. dot com.


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