tv [untitled] May 20, 2012 4:30pm-5:00pm EDT
free. world free broadcast quality video for your media project a free media. dot com. this is the weekly live here on our top stories now at half past the hour nato leaders gather in chicago to trash out further afghanistan strategy while thousands protest against the wars the alliance is waging on their doorstep. russia grabs the world ice hockey crown as the national team crushes. all the way through this year's championship without a single defeat. and the group of eight industrialized nations expressed hope greece can stay put in the euro zone experts played a very different picture of what's happening behind the scenes. and also reporting
that the u.s. opens its arsenal of weapons to bahrain's king it's a mass uprising in the state threatens to unseat the pro western monarchy. well i'll be back with another summer in fifteen minutes from now in the meantime our interview looks at the eurozone financial black hole where we talked to a leading economics writer from the guardian newspaper in the u.k. . today i'm talking to 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 he says 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. 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 simple internet 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 where 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 all 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 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 europe 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 distress or being able to devalue its own currency lots of problems with staying in the euro problems 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. 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 eurozone 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 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 of course you know it's got a whole series of. specific to greece but if it goes there was stopped portugal from going to and talking about sort of house of cards and this is been 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 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 rest of the european union probably she's got is she says the euro equals europe but she also says austerity with 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 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 unique
with the euro and if the year equal then voters don't want to 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 accept 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 you disorderly for whom because i can assure you that any sort of situation however well managed for the group for the ordinary greek it's going to be very disorderly indeed it's going to be very very turbulent. our 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 to be shot for to be shot that the 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 country move marshall 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 now people 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 say from us to put their money they no longer keep their money in the count's 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 been a very slow motion bank run has been in greece for the best part of a year what you seen in past ten days is that sped up dramatically. the banking system in greece through intensive purposes been
a zombie five banking system for the best past years because most of the debts that greece holds has been written on so much a singular portion of those debts held by the greek government are held by the greek banks system so effectively a certain 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 your where it does then you're where 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. now turn that 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 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 being 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 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 in the 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 countries been for but about an
extension crisis for the euro. having only just recognize that they're nowhere near putting policies in place and my savior. thank you very much. my married mother did not like we're going to become. he was afraid. and she was very good for me. she felt. i was frankenstein's monster. we don't have the problem. every time and effort is made. by the palestinian or in the european side to negotiate an end to the violent attacks against israel which i have no fear of war call the. song goes you have no
you're 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 happening and people get so upset this is i'm sorry to say it's a form of emotional blackmail. there hasn't been anything good on t.v. . it is to get the maximum political impact possible.
before source material is what helps keep journalism honest we thought. we wanted to present. something else. soon which brightened if you want soon from phones to print. these phones don't talk t.v. dot com. you know sometimes you see a story and it seems so silly you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm sorry welcome to the big picture.
top stories this hour naughty nato leaders gather in chicago to freshen up for the afghanistan strategy while thousands protest against the walls the alliance is waging on their doorstep. a group of aids industrialized nations expressed hope greece can stay put in the euro zone experts paint a very different picture of what's happening behind the scenes. and the u.s. opens its also world weapons to bahrain's king as a mass uprising in the state threatens to unseat approach western monaco. and russia grabs the world and. the national team crushes. two all the way through this year's world championship with a single defeat. here now with more on that spectacular championship win for russia
in the sports news and i'll be back in about fifteen minutes from now with the rest of the news. and i welcome to the latest polls these are the headlines. mean machine russia beats archaea six two in housing key to play in their third world i saw the time in five years and finished the tournament as the only unbeaten team. while the news of the king's road chelsea parade the champions league trophy through the streets of london after beating by in munich for three on penalties to become the european champions. under the rug to reassure up about comes from a section full of down to beat leno and retain heavy toppy an open title on a brain affected trip. but first do i psaki and russia have clinched their third
world title in five years after beating surprise package slovakia six two in helsinki to finish the world championships as the only unbeaten team but russia got off to a one full start conceding a goal to the no on the blue line just a minute in but others on the show equalized in a way to go to the period before alexander and alexis gave russia a three one lead and charming swiftly netted piers second to russia's fourth and then turn provided early in the system that suits one time lucky five one got up pulled one back with the captain's brace was too little too late as the back yard and get him out and made it six like tom to wrap up victory and ensure he finished as the tournament the most valuable player. but with all the title decider the czech republic's they've got a late find but find england to win three two and seal the bronze medal in the third place play off which means postponement outside the podium been pushing last year's crowd. now thousands of chelsea fans have lined the streets of london as the
blues paraded the champions league trophy in an open top bus after beating by a new nick for three on pay. to win europe's top club competition for the first time well off eighty three minutes thomas real hot headed the german side on course for victory but a drug was over the bullet head said the match into extra time and though he then conceded a penalty for the blue or yellow rope and missed it so it went to a penalty shoot out in boston showing stein has missed a drop of a chance to change victory and a man of the much sought to highlight chelsea champions of europe for the first time in about one hundred seventy history and the first team from london captain john terry who do miss the chance to win the try to get a spot kick against manchester united four years ago was suspended in munich but still allowed to lift the trophy ireland is trying on part and it was joy for russian among have a motive who finally claimed a trache he's quite inspiring twelve million years ago and spending an estimated one in the whole billion dollars. it's up to the world protesting to believe that
this is the best feeling ever. the chinese. i'm the boss. that's it really stood around the stadium for about two hours. yes that rubber bridge postings over covers club six pack moving target certain back to the chase for the osbournes or loss support in chelsea loving every second of their despair and holders now more that goes considering chelsea six are you sure you are sorry plenty of you very much more than. well meanwhile here in russia the national team have been dealt a heavy blow ahead of the fast approaching european championships as experience defend the city better since he has been ruled out of the tournament and twenty nine year old has failed to recover in time from a long term following muscle injury while at the end of april the test score would have tried to make a comeback after a month out in the two one dollar the winner of a spot act he didn't make it out of the second half while it's
a big setback because they got the cup to lose a central defender he's been a russian regular for over a decade and in that area where the russians have little strength in depth those are. really. relieved to get to squat because he still has too much pain. and we also have to think on solving on the club so we decided together with with him. after dinner. or meanwhile the russians scored a still awaiting the arrival of one member as sporting midfielder that is my love remained in portugal to play in sunday's surprise one will defeat to academic a go into the portuguese cup final the twenty nine year old has been in good form for that has been signed this season and that his first call up for eight years but he's been given an ultimatum by other cars who says his model must be in moscow on monday if he wants to make the squad. i'm not sure which is in television and. after the game we have to talk with is my love for duke many years now other than
you but you know do i think if you will come to me. you can better state not you can better you can stay. tennis now and world number two maria sharapova came back from four love and a second down to defend her italian open crown following a rain affected marathon with china's gnarly well after losing the first six for the in-form russian battled back from fallout down in the second to take the much into a decider where she saved a match point forcing a tie break in the final set when the rain came down and when it finally stopped called out victory seven five to wrap up the epic battle in almost three hours it was her second title of the season after also we got last month make sure out of the favorite for the french open in a week's time backgrounds why is the only one missing from her collection and gnarly is the defending champion. two swings because of the weather conditions so
you start the match and you know you feel like you're playing really well then you stop and you go off the court you come on and then things just change for some reason you know your opponent starts playing better has time to regroup but this was a situation which you just have a tie breaker to play so doesn't really matter what your coach is turning one tells you is this about really focusing on a trainer in october. however the men's final has been postponed until monday the top ranked novak djokovic is aiding to defend his title against five time formal winner rafael nadal the spanish world number three prevailed in the previous meeting and will return to second spot in the rankings if he beats djokovic to claim this record twenty first masters title. and i'm going to g.p. and former champion jorge lorenzo is back at the top of the ryder standings after winning the french grown preinstall on a wet the more track the spaniard started from the second row but eased into the lead ventured pace valentino rossi by almost ten seconds but nine time champion
rossi did overtake holder casey starting on the final lap to claim only his second podium finish since joining the tact you kathy. last year stoner's honda teammate dani pedrosa started from pole but had to settle for fourth bastone and the trials were answered by points in the overall standings. has been difficult it was always on with a long race and especially when casey was coaching me was very difficult to keep the concentration and not to dry too fast that. and finally becoming a team player isn't always easy but some children from around moscow have the chance to develop their bonding skills like i've never done before. and that. comes from children and youths 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 afield 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. the main difference between the schools and others you can find around russia is that it focuses on providing challenges for kids say in groups of seven or eight which can only be tackled as a teen 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 metres above ground is or inspiring and although it's meant first and foremost for the less fortunate children organize insist they 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 like that well of course
it's scary when you climb on here and what else has happened on your own it would be difficult but my teammates make it easy there are quite a few different obstacle courses available from rock climbing to trench style insurance tests but it's the rubicon a tiring 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 it also means crossing the rubicon means crossing a point of no return now the organizers and. created 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 appreciate all you it's truly amazing how productive and proactive even the most shy or disabled child becomes once put to the task. i learned how to keep my balance and control my fears how did you do that well don't be scared and keep going we 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 and that's all. i have.