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Jul 3, 2015
07/15
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it is time to rethink europe. it opened with the question, will the greek people choose austerity or alexis tsipras? what will happen? >> i'm not sure that's the question. public opinion is torn at the moment. i wouldn't make any predictions at this moment, but it is definitely a very strong debate going on in greece. my only fear is that the greek people will end up divided. melinda: who is the good guy and who is the bad guy? >> it depends on who you're talking to. the bad guy is usually the finance minister. number two would be the angela merkel. it is actually what we take upon ourselves. so many years of bad administration and bad governing. it has to do with the people as well. we the people have a huge responsibility of what going on today. and we have demands. there are promises that we have two, at some point, start to figure out what it means to people. in between the east and the west, we have to decide this for ourselves. maybe this is now the time to decide. melinda: and you would agree the bad guys a
it is time to rethink europe. it opened with the question, will the greek people choose austerity or alexis tsipras? what will happen? >> i'm not sure that's the question. public opinion is torn at the moment. i wouldn't make any predictions at this moment, but it is definitely a very strong debate going on in greece. my only fear is that the greek people will end up divided. melinda: who is the good guy and who is the bad guy? >> it depends on who you're talking to. the bad guy is...
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Jul 9, 2015
07/15
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CSPAN
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you do not like europe, we love europe. and i hope you will be able to come up with a program, finally. thank you. [applause] >> clearly, this is a lively debate. we are aware of that. i don't think it is a bad thing. we are particularly pleased to be here today, but i now call the leader of the social democratic group. >> thank you, presidential's. schultz. >> europe, without grace, is something unthinkable. as a social democrat. greece is an essential part of europe and the euro zone. without greece in the euro zone, europe would no longer be itself. and that is why we have opposed and will oppose extremist political speculations to our calling for greece to leave europe. i could quote what mr. verify varoufakis would say. or i could reply to statements that have been made by our colleague, mr. weber. but i would prefer to undermine the sobriety, the seriousness the constructive miss of the ness of the president. who has for all of these months work to find a solution. a positive solution. today is not the time for friend
you do not like europe, we love europe. and i hope you will be able to come up with a program, finally. thank you. [applause] >> clearly, this is a lively debate. we are aware of that. i don't think it is a bad thing. we are particularly pleased to be here today, but i now call the leader of the social democratic group. >> thank you, presidential's. schultz. >> europe, without grace, is something unthinkable. as a social democrat. greece is an essential part of europe and the...
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Jul 11, 2015
07/15
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and deliberately facing europe. >> and striding toward europe, yes. [laughter] >> and as lavolet explained the lamp -- not the torch not the symbol of revolution, not stepping over dead corpses but of enlightenment. yeah. it's a wonderful story. >> thank you so much. [applause] well, we have some time for questions. right here. >> i get depressed as an african-american. i've seen 150 years go by where lincoln has been put up as almost a, you know, a saint-like figure on the one hand and then parochialized. and it's taken scholars like you two to find these new angles. do you -- i mean it seems to me especially as an african-american that this parochialism that lincoln was a limited purpose person that this stuff about foreign affairs and even i've come to lectures here where we talk about how the capital turned from a sleepy southern town to a real northern town because of him. it just seems to go against this grain in american history for 150 years until you guys have come along that i think has been perpetuated, i think by white southerners and mayb
and deliberately facing europe. >> and striding toward europe, yes. [laughter] >> and as lavolet explained the lamp -- not the torch not the symbol of revolution, not stepping over dead corpses but of enlightenment. yeah. it's a wonderful story. >> thank you so much. [applause] well, we have some time for questions. right here. >> i get depressed as an african-american. i've seen 150 years go by where lincoln has been put up as almost a, you know, a saint-like figure on...
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Jul 13, 2015
07/15
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europe. >>> banks leading the gains but the euro sheds over 0.5% versus the u.s. dollar. >>> another historic deal also in the making oil trades lower over the expectations iran and world powers will agree to a nuclear deal in vienna as soon as today. >>> and coming up on "worldwide exchange" -- easing the pain of austerity. find out how tech giant apple is helping its greek customers get through these uncertain times. >>> plus novak djokovic secures his third wimbledon title. we look at just how much the world's top athletes get paid. >>> and the republican wrecking ball donald trump, is he damaging the deal he chances to retake the white house? we'll discuss that later in the show. >>> our top story this morning, the deal is done. eurozone leaders have unanimously reached agreement on greece after all night talks in brussels. athens is set to 38 a 50 billion euro privatization fund. the president laid out some of the details. >> he needs to address the issue of financing needs and debt. and
europe. >>> banks leading the gains but the euro sheds over 0.5% versus the u.s. dollar. >>> another historic deal also in the making oil trades lower over the expectations iran and world powers will agree to a nuclear deal in vienna as soon as today. >>> and coming up on "worldwide exchange" -- easing the pain of austerity. find out how tech giant apple is helping its greek customers get through these uncertain times. >>> plus novak djokovic...
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Jul 15, 2015
07/15
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europe? a prime example in the situation in greece. this process is a reminder that the union is indeed a process and a club that demands cooperation, solidarity and compromise. it is moments like what we have witnessed over this past weekend and into the early morning of yesterday that tests the mettle of the union. and i am encouraged by the fact that the parties came to an agreement for now and wish to see that the greek parliament came the necessary decisions in the upcoming days. hopefully in the future such crises can be stemmed earlier in the game and not lead to man ship involving such stakes. i just returned from latvia where i discussed these issues with foreign ministers, citizens and members of the european parliament. they clearly see the benefit office a successful european union and american presence on the continent. during the cold war, they lived on the other side you under a regime that did not allow the freedoms and prosperities they have today. in latvia, i also shared a
europe? a prime example in the situation in greece. this process is a reminder that the union is indeed a process and a club that demands cooperation, solidarity and compromise. it is moments like what we have witnessed over this past weekend and into the early morning of yesterday that tests the mettle of the union. and i am encouraged by the fact that the parties came to an agreement for now and wish to see that the greek parliament came the necessary decisions in the upcoming days. hopefully...
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Jul 9, 2015
07/15
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let's return to europe. while european politicians are fixated on greece and the possibility of a grexit, there is a long way to a referendum on the british referendum for a nexen. -- four and eight said. john moynahan is joining us now. thank you for coming. let's get your thoughts on the possibility of britain leaving europe. to have set out what you call the 10 commandments -- the reforms you want to see it in europe. have you made up your mind already? have you set the bar so high that you will not reform and therefore you are essentially calling for a brexit? john: right now, unfortunately, david cameron is quite low, and in his discussions with europe over the past couple weeks, it essentially says that he is going to lobby for us to stay within europe, whatever happens. we, on the other hand, do see a set of opportunities where we could stay in europe which essentially boils down to being the common market that we asked to join in on the political union, which we find we've now been pulled into. this
let's return to europe. while european politicians are fixated on greece and the possibility of a grexit, there is a long way to a referendum on the british referendum for a nexen. -- four and eight said. john moynahan is joining us now. thank you for coming. let's get your thoughts on the possibility of britain leaving europe. to have set out what you call the 10 commandments -- the reforms you want to see it in europe. have you made up your mind already? have you set the bar so high that you...
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Jul 7, 2015
07/15
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in athens as well is in europe, and even here at home. we're joined by new school professor, economist richard wolff as well as paul mason, the economics reporter for channel four news, economics editor speaking to us from athens. back in a minute. ♪ [music break] amy: popular songs and music including the scores for the movie "zorba the greek" were banned in the 1960's. this is democracy now! democracynow.org, the war and peace report. i'm amy goodman. as we talk about what is happening in greece, what is happening in europe, what is the trend happening in different places all over the world and the global repercussions of the battle taking place over austerity in greece? paul mason with this, economic editor for channel four news, producer of the forthcoming documentary about greece titled. "and dreams shall take revenge." and richard wolff, now at new school. paul mason, before we lose you on the satellite, do you share this view that this is a turning point in european history? >> tonight and tomorrow [inaudible] tonight and tomorro
in athens as well is in europe, and even here at home. we're joined by new school professor, economist richard wolff as well as paul mason, the economics reporter for channel four news, economics editor speaking to us from athens. back in a minute. ♪ [music break] amy: popular songs and music including the scores for the movie "zorba the greek" were banned in the 1960's. this is democracy now! democracynow.org, the war and peace report. i'm amy goodman. as we talk about what is...
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Jul 6, 2015
07/15
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robert: germany is trying to say that if you want more money from europe -- europe has already given them 280 billion euros -- you need to do more things to put your economy on the right track that will reduce your deficits. in fact, the last government was making progress in this direction. it had a lot of unemployment but the fiscal problems were improving. tom: and then the finance minister resigned last night. brendan: if you want more money a lot of that money went to greece and back to french and german banks. looking at greece, is it a strategic problem or economic problem? robert: it's both. they have had generous pension plans and do a lot of things internally which are not consistent with good fiscal policy. there is a bigger political problem and that is if you do not give greece anything and it deteriorates and collapses, that is horrible for the great people and horrible for europe. if you give them too much, other governments say why should we do the kind of tough fiscal measures the europeans want us to do? he will start protesting and asking for more liberal terms. th
robert: germany is trying to say that if you want more money from europe -- europe has already given them 280 billion euros -- you need to do more things to put your economy on the right track that will reduce your deficits. in fact, the last government was making progress in this direction. it had a lot of unemployment but the fiscal problems were improving. tom: and then the finance minister resigned last night. brendan: if you want more money a lot of that money went to greece and back to...
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Jul 17, 2015
07/15
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the lack of leadership in europe and everywhere in europe. also, the lack of political personnel in greece, as well, is a huge problem for europe today. also, in the beginning of the crisis, nobody had any idea about what to do, how to deal with this crisis. and five years down the road, we're still struggling with the basics of the crisis. the euro or not the euro. i mean, these issues should have been solved a long time ago. >> but only in greece. the other countries, spain portugal, ireland, they're quite better off now. >> is it so though? is it really so? >> it is so, of course. >> there is still very high unemployment in spain. >> but -- but -- employment traditionally comes after the turnaround of an economy. it takes half a year a year before employment picks up, after a recession like spain had. that's how it goes so -- >> but this is a lost generation even is saying. it's 25% of young people in spain. in greece, you've got 50% of young people unemployed. how can this possibly be turned around in a couple of years? >> well, i think i
the lack of leadership in europe and everywhere in europe. also, the lack of political personnel in greece, as well, is a huge problem for europe today. also, in the beginning of the crisis, nobody had any idea about what to do, how to deal with this crisis. and five years down the road, we're still struggling with the basics of the crisis. the euro or not the euro. i mean, these issues should have been solved a long time ago. >> but only in greece. the other countries, spain portugal,...
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Jul 3, 2015
07/15
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we decide to live with dignity in europe, and to progress and prosper to the fairly in europe. believe me, nobody has a right to threaten that they will cut greece from its physiological geographical area, because no one has to right to threaten without dividing europe, greece, our motherland, east, west and will be the cradle of the political, the european civilization. from this place mythology arose from this place the technocrats of austerity we say no to them on sunday, those technocrats of europe. we won't allow those to take it -- we don't want to take europe democratic values democracy from solidarity mutual respect. men, women of all generations who today, we are flooded the square of constitution. you have flooded inundated the roads, ignoring the crescendo of all the scare mongering of these days the crescendo of citizens of athens. citizens of athens, greek people, greek people has in its history for many times it has proven that it now announced to return the ultimatum. they are being sent back the ultimatums. the most pride is pages of the history of this country
we decide to live with dignity in europe, and to progress and prosper to the fairly in europe. believe me, nobody has a right to threaten that they will cut greece from its physiological geographical area, because no one has to right to threaten without dividing europe, greece, our motherland, east, west and will be the cradle of the political, the european civilization. from this place mythology arose from this place the technocrats of austerity we say no to them on sunday, those technocrats...
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Jul 5, 2015
07/15
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we need europe. europe need us. >> all for one and one for all. the words in childish paint strokes at a schoolhouse polling station. instead, on this day, greece finds itself divided and alone. jonah hull al jazeera, athens. >> barnaby, so if it is a no vote and if they go back to the creditors and say, we want a new deal what happens if the creditors say new deal/no deal? >> reporter: well if there is no deal then greece will be bankrupt and ultimately, of course, the government at some point would have to start issuing new money if the mean central bank turned off the tap of liquidity to this country's deeply indebted bank and i suppose we would go back to the dragma. but that is not the official script tonight here in athens. important to emphasize, the way government ministers have been speaking over the last hour they think they have won or at the very least, they feel that the result will be so close that they will not have to resign and that they are still in charge either way and they also appreciate the urgency of the situation. we are t
we need europe. europe need us. >> all for one and one for all. the words in childish paint strokes at a schoolhouse polling station. instead, on this day, greece finds itself divided and alone. jonah hull al jazeera, athens. >> barnaby, so if it is a no vote and if they go back to the creditors and say, we want a new deal what happens if the creditors say new deal/no deal? >> reporter: well if there is no deal then greece will be bankrupt and ultimately, of course, the...
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Jul 30, 2015
07/15
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and europe that tends to favor europe as well. >> i want to ask you very quickly on the uk. we've heard the dollar strength is hurting, it's a benefit for a lot of the european corporates. what about sterling? we've seen sterling looking pretty good here too. they also have that exposure. >> for the ftse 100, you have pretty much 40% of ftse 100 companies paying dividends in dollars. >> exactly. >> there's an immediate currency negative effect there. the ftse 100 is also heavily weighted towards commodities which we've been negative about all year. that story is continuing to unfold. the ftse 250 is a much more attractive part of the market. we think it's relatively more domestic. it has higher growth less of the commodity exposure. although it's not so cheap, we think that it's still a much better place to be within the overall uk stock market context. the uk economy is relatively robust. >> peter, always a pleasure having you on the show. peter oppenheimer, chief global equity strategist at goldman sachs. >>> we show you the video before. uber cars were attacked and pelted
and europe that tends to favor europe as well. >> i want to ask you very quickly on the uk. we've heard the dollar strength is hurting, it's a benefit for a lot of the european corporates. what about sterling? we've seen sterling looking pretty good here too. they also have that exposure. >> for the ftse 100, you have pretty much 40% of ftse 100 companies paying dividends in dollars. >> exactly. >> there's an immediate currency negative effect there. the ftse 100 is also...
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Jul 10, 2015
07/15
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it would have put europe in the hole. alan: what if we guarantee the banks -- what if merkel said, you take the hit eubanks, and we will tell the financial markets that we will support the banks? the way obama did? ursula: do you remember the situation in 2010? i don't believe that would have worked. greece had its haircut a few years later. in terms of investing in greece, trusting greece as a place to invest and bring your money to it happened. the main mistake has been made in 2010. i think it is a better situation. no one knew what would have happened if they had made this kind of haircut you recommend. melinda: that was then and now is now. ursula: if you look at the world economy, we have a comparable situation. china on the brink of recession. we are in a time where the economy is comparable. melinda: let's come back to that later. let's stay with the question posed by our title this week of whether merkel is to blame for the current impasse. if we look at the present, is that the case? she is horribly alone in dem
it would have put europe in the hole. alan: what if we guarantee the banks -- what if merkel said, you take the hit eubanks, and we will tell the financial markets that we will support the banks? the way obama did? ursula: do you remember the situation in 2010? i don't believe that would have worked. greece had its haircut a few years later. in terms of investing in greece, trusting greece as a place to invest and bring your money to it happened. the main mistake has been made in 2010. i think...
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Jul 5, 2015
07/15
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we belong in europe. we need europe and europe needs us. >> all for one and one for all. the words in childish paint strokes at, at polling station. on this day, greece finds itself divided and alone. jonah hull al jazeera, athens. >> let us bring in the analyst with open europe joining me in the studio. we have just seen on the screens of one of the greek t.v. stations out with 52% saying no to the terms of the deal. 48% yes. of course, that is just a telephone exit poll. it doesn't give us very much except perhaps to say it's going to be pretty close whichever way it goes. >> i know. and whatever the result is the bottom line is there is no good option for the greek people because even if it is a yes and they, thereby, continue to have those talks with creditors, the fundamental problem is that greek debt is unsustainable. so any kind of deal going forward can only be an extend ant. it won't be long until greece is in the situation where it's been where creditors and the greek government is at odds about what to do again. >> let us assume that it is going to go the way
we belong in europe. we need europe and europe needs us. >> all for one and one for all. the words in childish paint strokes at, at polling station. on this day, greece finds itself divided and alone. jonah hull al jazeera, athens. >> let us bring in the analyst with open europe joining me in the studio. we have just seen on the screens of one of the greek t.v. stations out with 52% saying no to the terms of the deal. 48% yes. of course, that is just a telephone exit poll. it...
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Jul 14, 2015
07/15
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>> it would be better for us if it did and better for europe if it did. >> better for us and europe? >> yes. >> for everyone? >> absolutely, better for everyone. >> so let's just talk about dealing with this greek problem for a second. >> because some say to deal with the problem in you listen to the greek prime minister he came in on a mandate of no austerity. and yet, in this agreement, there is austerity. do you see any debt relief in this agreement? because some will say, and you're the economist here if greece is going to get back on its feet, it's not just austerity. it's austerity with debt relief so it can begin to grow again. can you talk a little bit about that? >> yeah. it mean there's no doubt you need a combination of the two. you need some degree of fiscal rectitude because greece is a country that historically has run very large and persistent government deficits. but given where the debt is now, you clearly also need debt relief. and i actually do believe there is very credible prospects for debt relief included in this agreement. because what it does is that it basic
>> it would be better for us if it did and better for europe if it did. >> better for us and europe? >> yes. >> for everyone? >> absolutely, better for everyone. >> so let's just talk about dealing with this greek problem for a second. >> because some say to deal with the problem in you listen to the greek prime minister he came in on a mandate of no austerity. and yet, in this agreement, there is austerity. do you see any debt relief in this agreement?...
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Jul 25, 2015
07/15
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that's how we see europe. reporter: if one were to tell you it's not easy bilal kamara: i wouldn't believe them. because africa is difficult. i can't compare africa suffering and europe. i know that whenever happens in europe, it happens in africa. reporter: the next day we want to film footage of a truck pulling out towards the sahara. goods from algeria are being offloaded. on the return trip, the driver will be carrying human beings. young men from a variety of countries are waiting to get on board. no one is willing to speak with us. they are probably afraid we might hinder their chances of reaching europe. we resort to a hidden camera. we meet bilal again and he tells us of a surprising turn of events. he's decided to return home to sierra leone. this his second trip to gao. two months ago he tried to reach italy but he was beaten by criminals in the desert. in libya, he paid 500 euros for a place on a boat. but the smugglers disappeared with all his money. then came news of the hundreds of refugees who'd
that's how we see europe. reporter: if one were to tell you it's not easy bilal kamara: i wouldn't believe them. because africa is difficult. i can't compare africa suffering and europe. i know that whenever happens in europe, it happens in africa. reporter: the next day we want to film footage of a truck pulling out towards the sahara. goods from algeria are being offloaded. on the return trip, the driver will be carrying human beings. young men from a variety of countries are waiting to get...
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Jul 16, 2015
07/15
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europe. robert: not rest of europe at all. the greek economy would have gone into a major economic meltdown. because anybody, greek who had euro liabilities, a new dratch ma -- drachma and the i.m.f. was right that the drachma if it had come back would be devalued by 60% or 70% against the euro and would have meant the greek banks and greek companies, greek individuals -- guy: so talking about this earlier. -- talking about the banking system is potentially instability. robert: you have three stress points on greece. number one the banking system which is absolutely credit tal. the fact the banks are closed, is jamming up the economy at the moment. and absolutely critical that we get the greek banking system reopened. and that's why this bridging finance and why the e.c.b. decision today on e.l.a. is so critical. and more money needs to be put into the liquidity and needs to be put into the greek banks. anna: bob, what chances would -- for grexit last week and what chance this week? robert: i
europe. robert: not rest of europe at all. the greek economy would have gone into a major economic meltdown. because anybody, greek who had euro liabilities, a new dratch ma -- drachma and the i.m.f. was right that the drachma if it had come back would be devalued by 60% or 70% against the euro and would have meant the greek banks and greek companies, greek individuals -- guy: so talking about this earlier. -- talking about the banking system is potentially instability. robert: you have three...
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Jul 23, 2015
07/15
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europe and the u.s. -- europe is a deflation for us unfortunate. we like to see them do better here it jonathan: caroline hyde joins us right now. a fantastic company. what else did he tell you? caroline: maybe you used a uterine at some point, you know this company. it was pretty impressive that they managed to post 6% increase in the market. they're exposed to russia and brazil. the way that they are managing to fight this is hiking up their prices. the fact that you have seen depreciation, but continuing to innovate as well. they feel they could be getting 4 billion euros from online at the moment. they can't one point -- they can't pinpoint how much they get from online sales, because it changes every day. they could be escalating to 40% at the moment. i was interested about where their view is. you want to go into high-end beauty products. acquisition seven made. it is all about high-end beauty. that is where their margin is going to be coming from. they do not want to buy ian g --did i want to buy png. interesting areas of growth. the online
europe and the u.s. -- europe is a deflation for us unfortunate. we like to see them do better here it jonathan: caroline hyde joins us right now. a fantastic company. what else did he tell you? caroline: maybe you used a uterine at some point, you know this company. it was pretty impressive that they managed to post 6% increase in the market. they're exposed to russia and brazil. the way that they are managing to fight this is hiking up their prices. the fact that you have seen depreciation,...
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Jul 2, 2015
07/15
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some 11 million people, a struggling economy and uncertain future in europe's common currency. greek drama - it's the "inside story". [ ♪ music ♪ ] >>> welcome to "inside story". i'm ray suarez, the greek prime minister elected when his country's economy was cratering, with a promise to reject austerity, now is ready to accept terms he once rejected. the change of heart and tone coming after his country missed a key debt payment, off the banks closed and lines the frightened citizens stretched down the sidewalks hoping to grab cash before the money ran out. john psaropoulos in athens. >> greeks have been caught in a 2-pronged strategy. at the end of tuesday they decided to capitulate, write to creditors and accept the deal on the table on saturday. the creditors said that deal is no longer available to them unless there's a referendum result giving a positive direction to the eurozone authorities in the sense that greeks want to remain within that eurozone. so by the end of wednesday, alexis tsipras, the greek prime minister, was forced to stick to his guns on the referendu
some 11 million people, a struggling economy and uncertain future in europe's common currency. greek drama - it's the "inside story". [ ♪ music ♪ ] >>> welcome to "inside story". i'm ray suarez, the greek prime minister elected when his country's economy was cratering, with a promise to reject austerity, now is ready to accept terms he once rejected. the change of heart and tone coming after his country missed a key debt payment, off the banks closed and lines...
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Jul 8, 2015
07/15
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from europe's bailout fund. athens has to follow that request with a detailed plan by thursday of how the government plans to reform its economy if it is to get more money to stave off bankruptcy and a possible exit from the euro. reese has been told it has to have a deal in place i sunday, when the leaders -- greece has been told, effectively, it has to have a deal in place by sunday. it made an appeal to the european parliament, asking for it to rethink the way it has been dealing with the greek debt crisis. the greek people voted overwhelmingly against the greek debt bailout. groups he has the mandate to ask for a more socially just and economically sustainable solution -- it prooves he has the mandate to ask for a more socially just and economically sustainable solution. >> to give the floor directly to ask the greek people directly for their views and to be an active part of the negotiations affecting their own future. a few days after this verdict we have now been given a mandate to redouble our efforts in
from europe's bailout fund. athens has to follow that request with a detailed plan by thursday of how the government plans to reform its economy if it is to get more money to stave off bankruptcy and a possible exit from the euro. reese has been told it has to have a deal in place i sunday, when the leaders -- greece has been told, effectively, it has to have a deal in place by sunday. it made an appeal to the european parliament, asking for it to rethink the way it has been dealing with the...
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Jul 6, 2015
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it's 45 degrees here but europe is going. >> still going in europe and central and eastern europe and germany was 20.3 celsius and hottest day on record and it's a heat wave and not far off values you are talking about there and it will change area of cloud making its way southeast and will introduce more comfortable air across northern parts of europe through the next couple days and certainly over to the northwest and temperatures have fallen away and unsettled weather that will make its way and cooler the next day or so and monday in berlin no high of 25 celsius or 22 degrees there in london but we have heat warnings in force for poland and all the way across to hungry, real heat across central and eastern parts and we are going to see that further south as we go on through tuesday but little air in berlin and temperatures of 31 degrees celsius and around the low 20s in london and where it should be and touching 20 degrees in london on wednesday because we have cloud and rain in the forecast and this is right through germany and a fair part of po poland and bucarest is 35 celsius a
it's 45 degrees here but europe is going. >> still going in europe and central and eastern europe and germany was 20.3 celsius and hottest day on record and it's a heat wave and not far off values you are talking about there and it will change area of cloud making its way southeast and will introduce more comfortable air across northern parts of europe through the next couple days and certainly over to the northwest and temperatures have fallen away and unsettled weather that will make...
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dangerous for europe. we have never been in this situation, we don't know what will happen and the market will open tomorrow and we'll have a big surprise one way or another. having said that i think the market reacts well and the greek government is not acting perfectly rational . i'm hopeful the react won't be too bad tomorrow, but i think we come to the end of the line in terms of what is possible. what will happen i think, the greek government will collapse we'll have new elections or the economy will collapse. >> i want to discuss some scenarios in a bit more detail. for now, thank you very much. there's more to come on the al jazeera newshour. a crucial and controversial contest. we are speaking to people in burundi ahead of the election. also we look at some of the latest sites awarded world heritage status and has the pournt tournament brought economy to women's football. we'll be live in vancouver. >>> the other big story we are following in europe negotiators trying to iron out a nuclear deal wit
dangerous for europe. we have never been in this situation, we don't know what will happen and the market will open tomorrow and we'll have a big surprise one way or another. having said that i think the market reacts well and the greek government is not acting perfectly rational . i'm hopeful the react won't be too bad tomorrow, but i think we come to the end of the line in terms of what is possible. what will happen i think, the greek government will collapse we'll have new elections or the...
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does europe not need to react to this somehow? could we not see a softening of the european position? >> i certainly hope this is the case. i certainly hope that this message is taken abroad. i do worry, however, that this will vote will play into the hands of the hard liners in europe. the ones that would like to see greece exiting the euro and the ones that like a euro zone without greece because they think it's more manageable. so even though i, you know -- we're all hoping that this will the softening of terms, it's not emanating from capitals at the moment. >> martin schultz said that greece can't be abandoned to its fate. interesting comments from the german finance minister suggesting that perhaps there might be some room to maneuver on germany's part as well. >> well, obviously what we're looking at here is not some kind of humanitarian jes tu of europe. we're looking for a viable solution, which includes substantial new financing. that's the deal mr. tsipras needs to come back with. he said that unfortunately he can cut a
does europe not need to react to this somehow? could we not see a softening of the european position? >> i certainly hope this is the case. i certainly hope that this message is taken abroad. i do worry, however, that this will vote will play into the hands of the hard liners in europe. the ones that would like to see greece exiting the euro and the ones that like a euro zone without greece because they think it's more manageable. so even though i, you know -- we're all hoping that this...
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Jul 6, 2015
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in this europe, there is room for solidarity, solidarity is everywhere in europe. there is also responsibility, this balance between responsibility and sol dater solidarity must be the lightning rod of our behavior today and tomorrow. >> al jazeera, jacky rowland has been following those talks in paris and sent us this update. >> the focus very much is on two key meetings that will take place in brussels on tuesday. first a meeting of finance ministers of the euro zone and then afterwards a meeting of leaders of the euro zone countries. they will be look to greece to come forward with new proposals for how to resolve this crisis. they've said that there is still a channel of communication open but those proposals must indicate that greece is serious about remaining within the euro. clear language that they are not willing to write a blank check and that the greek proposals would have to be within certain parameters. also indications that despite all the tough talk of the previous days, europe is not going to abandon greece and the greek people to their fate. the ge
in this europe, there is room for solidarity, solidarity is everywhere in europe. there is also responsibility, this balance between responsibility and sol dater solidarity must be the lightning rod of our behavior today and tomorrow. >> al jazeera, jacky rowland has been following those talks in paris and sent us this update. >> the focus very much is on two key meetings that will take place in brussels on tuesday. first a meeting of finance ministers of the euro zone and then...
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that europe could possibly accept. since that became clear the only plausible solution was a regime change essentially. a change of government in athens and i think this referendum makes it inevitable. i literally mean inevitable. it makes it very likely by next week if tsipras loses the referendum and the vote goes yes. but even if the vote goes no i don't see how he can stay in power for more than a few weeks because the chaos unleashed in greece will make the current situation look like switzerland on a good day. he's not going to be in power in a months time. >> how do you rate how he's played things? it sounds like you're saying this is bad for his political future but good for greece's future. >> he made one mistake by the other. the mistakes were made by his finance minister that had the game theory idea that if he pushed the other side to the brink they would surrender first which was never at all plausible because the cards that greek had were very weak and everybody understood that. they refused to make the r
that europe could possibly accept. since that became clear the only plausible solution was a regime change essentially. a change of government in athens and i think this referendum makes it inevitable. i literally mean inevitable. it makes it very likely by next week if tsipras loses the referendum and the vote goes yes. but even if the vote goes no i don't see how he can stay in power for more than a few weeks because the chaos unleashed in greece will make the current situation look like...
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and i want my children to be able to study in europe and to do business in europe. >> finance ministers held a teleconference and agreed fot to negotiate with greece until after the referendum. >> there will be no talks between the greek authorities and the institutions on proposals or financial arrangements. >> he expressed home that people in greece would be determined to stay in the eurozone. now, officials of the european central bank have been meeting to discuss the greek crisis. ai uchida joins us now. the ecb also one of greece's creditors. how much do the greeks owe them? >> well the total outstanding debt for greece, comes to about $350 billion. out of that, about 30 billion is from the ecb. the central bank's board members have made a decision that could keep greek banks closed for some time longer. they won't raise the ceiling of emergency funding for these institutions. the ecb officials sat down together in frankfurt and made their decision after greece became the first developed country to fail to meet a repayment deadline to the imf. although the ecb officials say the cei
and i want my children to be able to study in europe and to do business in europe. >> finance ministers held a teleconference and agreed fot to negotiate with greece until after the referendum. >> there will be no talks between the greek authorities and the institutions on proposals or financial arrangements. >> he expressed home that people in greece would be determined to stay in the eurozone. now, officials of the european central bank have been meeting to discuss the greek...
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doesn't that have parallels for europe? i am not sure -- does that have parallels for europe? i am not sure. it does look like it is slowing down getting old, before it gets rich. it is exhibiting all the problems that western stock markets have exhibited. people think there is easy money to be made, piling in and getting caught as the last buyer when the market collapses. when we talked about this last it was still on the way up. we sat here and said, this is a bubble. my mailbag was never so full of people telling me how wrong i was. what a complete idiot i am thinking the chinese government would not step in and restore the market. market watchers saying there is it the power to keep this going. it has not happened. it does not look like happening despite of a margin released. despite making selling into a state crime. jonathan: blackrock joined you, morgan stanley, all of this was calling it a bubble. what happened in china my point is about leadership. they're losing control and they're going to do something about it. i look at your, the only leadership that seems to be t
doesn't that have parallels for europe? i am not sure -- does that have parallels for europe? i am not sure. it does look like it is slowing down getting old, before it gets rich. it is exhibiting all the problems that western stock markets have exhibited. people think there is easy money to be made, piling in and getting caught as the last buyer when the market collapses. when we talked about this last it was still on the way up. we sat here and said, this is a bubble. my mailbag was never so...
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>> i am in europe. i want to stay in europe. >> i believe there is no solution within the euro zone and within this european union. i'm sure about this. >> hopefully next sunday we're going to vote yes because we want to remain in the european union. >> i came here to say no because i cannot leave. >> they are trying to play the future of greece in cards. we do not want to have our future played in cards. >> no no no no! >> i want to believe that they will vote even in the last minute they will think of that and they will vote for yes because the majority believes in the euro and it believes in the euro zone. >> because we have a government and what this greek government to make the decision. not the people of euro group. >> the only future for my country, for me for my family my children my grandchildren, is to cooperate with the other europeans and go ahead. >> well, elsewhere, as that vote unfolds, iran's foreign minister and the u.s. secretary of state are expected to meet this hour as they continue
>> i am in europe. i want to stay in europe. >> i believe there is no solution within the euro zone and within this european union. i'm sure about this. >> hopefully next sunday we're going to vote yes because we want to remain in the european union. >> i came here to say no because i cannot leave. >> they are trying to play the future of greece in cards. we do not want to have our future played in cards. >> no no no no! >> i want to believe that they...
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europe has a lot of excellent companies that are not just within europe but sell overseas. the eurozone indicators improve. retail seals aales are at a cyc high. they're doing high despite this pain in the periphery. >> this is pete najarian, would it be more about finding companies with growth right now or would you be looking for companies that are u.s. centric or how would you analyze the u.s. companies? >> always follow the money, right? i forget who said that exactly. it was said in a negative connotation. it's really negative m&a. i think first and foremost go where corporations are putting their own money but growth makes a lot of sense if you can find it because it's scarce and that's why it's getting increasingly higher valuation. >> you sound fairly positive, u.s. is there something that can happen within the eurozone? >> i just don't think greece is anywhere close to a lehman meltdown situation. i think it's a situation they'll have to figure out. i think when they do there will be some decent fundamentals in europe and the u.s. >> appreciate the time as always,
europe has a lot of excellent companies that are not just within europe but sell overseas. the eurozone indicators improve. retail seals aales are at a cyc high. they're doing high despite this pain in the periphery. >> this is pete najarian, would it be more about finding companies with growth right now or would you be looking for companies that are u.s. centric or how would you analyze the u.s. companies? >> always follow the money, right? i forget who said that exactly. it was...
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Jul 9, 2015
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and this is why we talked about united europe and that is not a devoted europe. at this time we are told establishment to produce a lot of fear compromise which will avoid a great amount of negotiations and this is line with the traditions of european and all of us have taken the measures of the situation and i believe together we can rise to the challenge. [applause] >> thank you. welcome to the european parriment. bf addressing the situation in greece i believe that the european parliament also should be regularly involved in making the decisions of the european council in the presence of our president. i have said in the past and today i will address the principles of european culture. for example, decency partnership in the way we deal with each other as friends. this presents a government that has said a lot of things in recent weeks. this is an unleashing of migrants to the rest of europe if this settlements were not made as we were. i believe or i would have thought they should apologize for the utterly unacceptable statements. unfortunately he passed over
and this is why we talked about united europe and that is not a devoted europe. at this time we are told establishment to produce a lot of fear compromise which will avoid a great amount of negotiations and this is line with the traditions of european and all of us have taken the measures of the situation and i believe together we can rise to the challenge. [applause] >> thank you. welcome to the european parriment. bf addressing the situation in greece i believe that the european...
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Jul 8, 2015
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, an end to negotiates with europe. [applause] >> translator: i think that they showed their -- they stood up and were counted. this was a voice of democracy. and we have to listen to what they said. as i was saying. this was a courageous choice by the greek people. and this is not a decision of breaking off negotiations with europe, it's one of going back, it's a turn to the informing principles the founding principles of european unification. at the start of democracy and of solidarity, going back to mutual respects and going back to equality. it is crystal clear message. in surviving under the challenges circumstances. these ongoing negotiations between the greek government and its partners arrange to reconfirm the dual forms of respect in europe, both for the grand rules of the european union, and also full respect for the democratic choice of our peoples. my government, i myself personally and our government came. [ inaudible ] government five and a half months ago however the bailout programs, the programs have be
, an end to negotiates with europe. [applause] >> translator: i think that they showed their -- they stood up and were counted. this was a voice of democracy. and we have to listen to what they said. as i was saying. this was a courageous choice by the greek people. and this is not a decision of breaking off negotiations with europe, it's one of going back, it's a turn to the informing principles the founding principles of european unification. at the start of democracy and of solidarity,...
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Jul 13, 2015
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that the europe would sink. europe must provide a project that supports, supports its people. it's the countries which are participants in this monetary zone what would we have said of the dislocation of the great idea. so it was necessary to succeed and building what concerns me personally, i wanted us to succeed, to be able to suck seed, to have an agreement. succeed to provide to greets what it expected and to suck sealed and keep the principles of a institutions the friendships between france and germany and also for us to to start a new chapter in the european construction because it will be necessary for us to strengthen this monetary space that we -- area that we give more ability. to be able to be respected and respected and protect ourselves and also to see more growth and no doubt it will be the work over the next few days and over the next few months but today i trapping for europe it was a good night and a good day. i will take a few questions, but not many, i have to get back. about the greek counter party that his you yourself talk about mentions of recovery, and
that the europe would sink. europe must provide a project that supports, supports its people. it's the countries which are participants in this monetary zone what would we have said of the dislocation of the great idea. so it was necessary to succeed and building what concerns me personally, i wanted us to succeed, to be able to suck seed, to have an agreement. succeed to provide to greets what it expected and to suck sealed and keep the principles of a institutions the friendships between...
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a moment of hope for the whole of europe, that gives hope to europe that the common currency and the euro zone can exist. >> kurdish peshmerga says they have retain a portion of iraq, southwest of are kirkuk. kirkuk. >>> hezbollah says they are making gains against fighters in zabadani the last rebel held city in the area. regime forces launched the assault on saturday, against el nusra linked the al qaeda. dropping barrel bombs and heavy fighting is underway as well. >>> five world powers are gathering in vienna for last ditchditch talks with iran. a deal has never been closer. as you our diplomatic editor james bays reports the u.s. is warning some hard choices will have to be made. >> reporter: time is running out. that's the clear message from the u.s. secretary of state john kerry, who spoke to reporters after two sessions of negotiations with his iranian opposite number. >> we are not yet where we need to be on several of the most difficult issues. and the truth is that while i completely agree with foreign minister zarif that we have never been closer, at this point this negot
a moment of hope for the whole of europe, that gives hope to europe that the common currency and the euro zone can exist. >> kurdish peshmerga says they have retain a portion of iraq, southwest of are kirkuk. kirkuk. >>> hezbollah says they are making gains against fighters in zabadani the last rebel held city in the area. regime forces launched the assault on saturday, against el nusra linked the al qaeda. dropping barrel bombs and heavy fighting is underway as well....
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the currency weakness in europe. isn't that a good or bad thing for the prospects of european companies? again, you can turn it from a headwind to a tailwind. will that feed through? and help companies? jonathan: mi worried about the demand for commodities? -- and i worried about the demand for commodities? wayne: if you look at g2 risk u.s. and china. there has been a slowdown. being accelerated through the management of china. they are try to soft land the economy. they are chewing to take out some of the shocks. there is an element in the reduction of demand. jonathan: they're going to stay with us. after the break, european leaders take the hardline on greece. we'll hear from alexis tsipras himself. here's a picture of the equity markets for you. the 5100 is up this morning. as was the dax in the earlier part of the session. the ftse up about 3/10. barclays up about 3%. the chairman says the bank may cut jobs. the ceo was asked to leave. the ftse up a quarter of 1%. talking europe and all things break -- all thin
the currency weakness in europe. isn't that a good or bad thing for the prospects of european companies? again, you can turn it from a headwind to a tailwind. will that feed through? and help companies? jonathan: mi worried about the demand for commodities? -- and i worried about the demand for commodities? wayne: if you look at g2 risk u.s. and china. there has been a slowdown. being accelerated through the management of china. they are try to soft land the economy. they are chewing to take...
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it is definitely not growing quite as fast as europe. spain, italy and france, we're seeing a huge amount of increase in m & a. >> why is that? why are the companies in the periphery growing much faster in terms of their m & a than germany? is their nature more disciplined about it? >> a lot of the markets, italy and spain had quite severe con tracks in their activity and after-global financial crisis. people talk about that. we're not seeing that at all in m amendments a. those countries i mentioned, italy, france and spain, have three times as much growth. >> how much is currency a driver here? we've seen so much cross-border m & a. we are seeing european countries with the weaker euro buying u.s. companies. maybe it's not that big a motivation after all. >> people talk about currency having the impact on m & a. the reason is if you're buying an asset in a foreign country, the earnings and revenues are in that foreign currency, you can usually barrow debt in the currency of the company you're requiring. you can hedge those exposeures a
it is definitely not growing quite as fast as europe. spain, italy and france, we're seeing a huge amount of increase in m & a. >> why is that? why are the companies in the periphery growing much faster in terms of their m & a than germany? is their nature more disciplined about it? >> a lot of the markets, italy and spain had quite severe con tracks in their activity and after-global financial crisis. people talk about that. we're not seeing that at all in m amendments a....
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and of the picture for europe. -- an upbeat picture for europe. anna: daimler the mercedes car sales growing. let's put this in context and talk about where these european markets are headed. >> i am looking at the european stock futures here. they are pointing higher, indicating we might be seeing gains. this would come after today's of losses, for the stock 600 which snapped a nine-day rally. the longest rally since april 2014. in terms of what might be driving that sentiment and micro terms, the greek parliament approved those measures that are needed for greece to get its bailout. the athens stock exchange still close at the moment. we heard that it might open today. the dilemma facing greece is putting restrictions on trading? or do they invest as -- or do they exempt investors? the risk is that you can see more capital strike from the country. in the meantime, let me update you on some of the stocks that might move at the open. credit suisse second quarter net income beat estimates, even though profits failed. we might see that move higher.
and of the picture for europe. -- an upbeat picture for europe. anna: daimler the mercedes car sales growing. let's put this in context and talk about where these european markets are headed. >> i am looking at the european stock futures here. they are pointing higher, indicating we might be seeing gains. this would come after today's of losses, for the stock 600 which snapped a nine-day rally. the longest rally since april 2014. in terms of what might be driving that sentiment and micro...
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Jul 16, 2015
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flashing headlines out of europe. part of europe is russia. brendan: where to park it in russia. gavin serkin is the source of today's single best chart. here's what we are looking at. this is how traders are shifting to bonds from stocks. trillions of rubles trading for quarter. ranging from 1.4 trillion to 3.6. they were in bonds before crimea. then they cross, help me understand that dynamic. gavin: this was a chart picked out a reporter in moscow who noticed this pattern. what you are seeing is that if you think back a few months to ukraine, oddly headlines were about the frontline the death toll, where the sanctions were going to be ratcheted up. you do not have the swings going on the micex. there's less opportunity for profit for traders and the stock market. they are going to bonds, more mundane stuff. interest rate cuts. here's russia not getting back to normal because they are still in recession and they still have a lot of problems. we are looking at interest rate cuts, 5.5 percentage points this year. the expectation is for more cuts. good news for the bond market, wh
flashing headlines out of europe. part of europe is russia. brendan: where to park it in russia. gavin serkin is the source of today's single best chart. here's what we are looking at. this is how traders are shifting to bonds from stocks. trillions of rubles trading for quarter. ranging from 1.4 trillion to 3.6. they were in bonds before crimea. then they cross, help me understand that dynamic. gavin: this was a chart picked out a reporter in moscow who noticed this pattern. what you are...
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we need europe and europe need us. >> all for one and one for all the words in childish paint strokes at a school house polling station. instead, greece finds itself divided and alone. al jazeera, athens. >> we have two correspondent in greece this hour. barney phillips is in athens and hodor. barnaby, they are not conducting exit polls but are you getting a sense for how the vote has gone given that we've got less than an hour to go until the polls close? >> i'm hearing rumors that it's close. i also understand that several of the greek leading private stations are sitting on results and don't want to release them, such as the sensitivity of this referendum. they don't want to be seen as influencing what could happen in the remaining 50 minutes or so of voting. we're hearing unconfirmed rumors from the minister of the interior that the turnout had passed 40%. that is significant. we expected it, but it is significant, because it means that the results will be valid. under the greek constitution, a referendum question needs to be validated by a 40% turnout otherwise, i'm afraid i can
we need europe and europe need us. >> all for one and one for all the words in childish paint strokes at a school house polling station. instead, greece finds itself divided and alone. al jazeera, athens. >> we have two correspondent in greece this hour. barney phillips is in athens and hodor. barnaby, they are not conducting exit polls but are you getting a sense for how the vote has gone given that we've got less than an hour to go until the polls close? >> i'm hearing...
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Jul 22, 2015
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you are -- europe and the u.s. make up 72% of sales. 1.6% on earnings, this could be a key metric for sales in the company. joe: another thing that you should not miss, tonight, another greek vote. alexis tsipras is coming back to parliament, an actual vote on the bailout. it is not expected to be dramatic or anything. he will have a lot of defectors in his own party while opposition parties about in favor of the bailout. but still, you want to watch these red marks. alix: totally. we love the greek. joe: absolutely. alix: have a great afternoon. ♪ ♪ announcer: from our studios in new york city, this is charlie rose. charley: one of america's most senior and respected diplomats. 2011 two of state from 2014. he was also u.s. ambassador to russia and jordan. in 2013, he led talks with iran that set the stage for the comprehensive agreement made last week here at he retired from government last week and is now president of the carnegie endowment. i'm pleased to have him at the table. welcome. how do you like thiw
you are -- europe and the u.s. make up 72% of sales. 1.6% on earnings, this could be a key metric for sales in the company. joe: another thing that you should not miss, tonight, another greek vote. alexis tsipras is coming back to parliament, an actual vote on the bailout. it is not expected to be dramatic or anything. he will have a lot of defectors in his own party while opposition parties about in favor of the bailout. but still, you want to watch these red marks. alix: totally. we love the...
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Jul 17, 2015
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europe is recovering. the imf did not cut europe. you had a report on the 13th which was fairly of heat on european stocks. can you hone that down for me? the stoxx 600 recovery turned over the past month showed health care, real estate insurance, all up a percent or 9%. the periphery equity markets have come up a percent or 9%. ewen: there's a story in europe that credit demand is slowly recovering having been contracted for three years or four years in a row. that story is playing in italy, spain, but not such an extent in northern europe, because they never had such a crunch. the rate of changes picking up. countries have benefited from a weaker euro and a weaker oil price. this week the iranian thing has come along and has been helpful. this is listed in european stock markets. if you come back to the micro the credit figures that the ecb has been releasing suggest that credit is growing for mortgages and how so purchases even after the greek crisis. that goes back to june 24. that suggests it is still expanding. financials on bo
europe is recovering. the imf did not cut europe. you had a report on the 13th which was fairly of heat on european stocks. can you hone that down for me? the stoxx 600 recovery turned over the past month showed health care, real estate insurance, all up a percent or 9%. the periphery equity markets have come up a percent or 9%. ewen: there's a story in europe that credit demand is slowly recovering having been contracted for three years or four years in a row. that story is playing in italy,...
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because we say no to the proposal of europe. we want a better proposal. >> reporter: but pride in greece's defiance of its international lenders is not enough to avoid the fall. the banks still shut, their closure officially extended to thursday if the earliest, but even then it's no guarantee that they can open then, or that the 60 euro per day per person can be sustained. meanwhile a wider wokout for greece is underway. greek prime minister alexis tsipras with other leaders will provide more work arounds on thursday. be euclid be tsakalotos replaces yanis varoufakis. >> they will be negotiating with people like this, wolfgang schaeuble, the german finance minister unlikely poster boy hated by many greeks as the architect of their pain, sucking their blood it's said for the past five years. hardly the basis for getting along now. something i put to a greek minister. >> there is no way within the week we cannot exit these very, very dangerous moment not only for greece but for europe. what will that take? it will take neutral co
because we say no to the proposal of europe. we want a better proposal. >> reporter: but pride in greece's defiance of its international lenders is not enough to avoid the fall. the banks still shut, their closure officially extended to thursday if the earliest, but even then it's no guarantee that they can open then, or that the 60 euro per day per person can be sustained. meanwhile a wider wokout for greece is underway. greek prime minister alexis tsipras with other leaders will provide...
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europe a different story however. optimism as alexis tsipras says greece will have a proposal in days. deadline coming up this weekend. here at home, u.s. stock market futures acted more to the china story is the selloff continues there. looking at a lower open, triple digit loss down 181. also pay you caught up in oil. oil prices have dropped the last four trading days and $50 a barrel bouncing back slightly this morning. not much than we've seen in recent days. an inventory report in the morning. gold prices have seen a good effect dignity and all this as well. gold is tightly to the dollar again. turning to sports, sabrina williams will meet maria cheryl pope and the semi finals. williams rallied to beat number 21. sure up of advances with a three set win over american coq au vin the way. a tube and 17 record against williams. the u.s. open champ in today's quarterfinals. in baseball, the yankees had a three to two lead in the sixth inning. billy butler put an end to that with a solo homerun to tie things up. brett
europe a different story however. optimism as alexis tsipras says greece will have a proposal in days. deadline coming up this weekend. here at home, u.s. stock market futures acted more to the china story is the selloff continues there. looking at a lower open, triple digit loss down 181. also pay you caught up in oil. oil prices have dropped the last four trading days and $50 a barrel bouncing back slightly this morning. not much than we've seen in recent days. an inventory report in the...
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Jul 3, 2015
07/15
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BLOOMBERG
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they are much higher than europe. europe is now catching up. that is the kind of lit side of the argument -- flipside of the argument. we are forecasting over 6% earnings growth this year. actually, this is a good story for u.s. equities. jonathan: the call for the first hike? ramin: we are still saying september. jonathan: with conviction? ramin: our economist has conviction. he's been doing it for 50 years. jonathan: ramin nakisa, he's going to stay with us. up next, we are back live in athens. bloomberg polling data tells us the vote is to post a call. we will bring you the details live after the break. for now, i'm looking at equities just a little bit lower. here in london, we are off by 0.1%. the dax dead flat. 0.25%.x down about downhanghai composite 5.77%. the biggest three-week rout in china since 1992. we will head out to athens again. we are back after this short break. ♪ ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the
they are much higher than europe. europe is now catching up. that is the kind of lit side of the argument -- flipside of the argument. we are forecasting over 6% earnings growth this year. actually, this is a good story for u.s. equities. jonathan: the call for the first hike? ramin: we are still saying september. jonathan: with conviction? ramin: our economist has conviction. he's been doing it for 50 years. jonathan: ramin nakisa, he's going to stay with us. up next, we are back live in...
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Jul 4, 2015
07/15
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or sells a product in the united states to europe. the eurozone is america's largest trading partner. >> the greek banks need to know that there is more money coming towards them. depositors need to know their money is safe. once people know there isn't a banking crisis and the money is safe they stop demanding it. it's a difficult problem trying to stop a bank run but that's what they have to do. >> when the greek people make their choice on sunday cnn will be in athens. the polls open at 7:00 a.m. local time across the country. our day of live polls will have more. >>> we turn to the philippines. the coast guard confirms 59 deaths in thursday's ferry sinking. 140 people survived after the boat overturned just after leaving port in the start part of the country. searchers recovered more bodies on friday. david santos joins me now by phone from ormoc city. >> reporter: salvage operations is still a hunt for the bodies being recovered from underthe vessel. you were saying that the death toll is at 59 with 140 survivors. if you add them
or sells a product in the united states to europe. the eurozone is america's largest trading partner. >> the greek banks need to know that there is more money coming towards them. depositors need to know their money is safe. once people know there isn't a banking crisis and the money is safe they stop demanding it. it's a difficult problem trying to stop a bank run but that's what they have to do. >> when the greek people make their choice on sunday cnn will be in athens. the polls...
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Jul 12, 2015
07/15
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CNNW
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europe needs a hank paulson. one integrative fiscal policy and well transfers. that's a deep extension question. it goes to the difference between the nations. it's a huge issue that europe has been kicking down the road at every possible juncture. i do think that if greece goes out and there is a kind of fundamental insecurity about what is this currency going to be i think that's going to come to a head. >> let's balance it the other way if suddenly merkel says we're writing off all the debt. portugal, ireland and spineain, i favor it. but then says german exit. that's a danger hanging over if you go too far in the other direction. >> zani final thought from you. what all this means, the u.s. looks better the dollar remains stronger. at the end of the day it would be fair to say that we are back to that single engine world economy where the united states continues to power along? >> well the u.s. is looking stronger yes. let's put the greek thing in the short term in some perspective. finally the european central bank last year suddenly realized that it needed
europe needs a hank paulson. one integrative fiscal policy and well transfers. that's a deep extension question. it goes to the difference between the nations. it's a huge issue that europe has been kicking down the road at every possible juncture. i do think that if greece goes out and there is a kind of fundamental insecurity about what is this currency going to be i think that's going to come to a head. >> let's balance it the other way if suddenly merkel says we're writing off all the...
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Jul 6, 2015
07/15
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LINKTV
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tonight, "no" is a big "yes" toa a democratic europe. reporter: while the far left will be entering negotiations with its creditors this week, for opposition antonin samar is, it's the end of the road. -- samars, it's the end of the road. -- antonis samaras, it's the end of the road. even the fountain bore the syriza party colors. anchor: eurogroup ministers expect new proposals from greece for tuesday's talks. meetings are already being held with french president francois hollande and german chancellor angela merkel quick to set out times to talk. reporter: as soon as the result was announced, principal on called angela merkel -- francois hollande called angela merkel. they will be meeting this monday in paris, at a working dinner, where greece's future in the eurozone will be top of the agenda. for now, they declared the greek vote must the respected, but differences remain between them -- must be respected but differences remain between them. merkel is facing pressure at home to keep a firm line with greek officials. it's up to athens
tonight, "no" is a big "yes" toa a democratic europe. reporter: while the far left will be entering negotiations with its creditors this week, for opposition antonin samar is, it's the end of the road. -- samars, it's the end of the road. -- antonis samaras, it's the end of the road. even the fountain bore the syriza party colors. anchor: eurogroup ministers expect new proposals from greece for tuesday's talks. meetings are already being held with french president francois...
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Jul 26, 2015
07/15
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i think europe has had enough of us. if there is no final deal it wouldn't surprise me. >> gallis has 43 employees left. he's laid off 60 people over the past five years, just to stay afloat. he orders components from various countries for making his lamps, including one in austria. gallis says the two companies have worked well together for decades. now he's behind with his payments because he can't make money transfers abroad. the austrian firm is delivering anyway, giving him time to pay. but how long can that continue? >> it's crazy that banks should close in a free society. it's just chaos right now. >> the greek government clamps down hard on companies that don't pay their taxes or insurances. if gallis doesn't keep up with those payments, he would quickly find himself in court. >> take another company -- yorgos and thodoris koukoulas sell tires from germany. they import them in bulk. their livelihoods are now under threat. >> we can't give our customers credit anymore. they have to pay in cash. and even that's dif
i think europe has had enough of us. if there is no final deal it wouldn't surprise me. >> gallis has 43 employees left. he's laid off 60 people over the past five years, just to stay afloat. he orders components from various countries for making his lamps, including one in austria. gallis says the two companies have worked well together for decades. now he's behind with his payments because he can't make money transfers abroad. the austrian firm is delivering anyway, giving him time to...