>> this is "the journal." >> with the business news, welcome. >> headlines, what is next increase as the prime minister faces a confidence vote. leaders move beyond the greek crisis to the wider global economy. six astronauts have spent 18 months and a space capsule that never left earth. captioned by the national captioning institute --www.ncicap.org--
>> it is make or break for the greek prime minister tonight as parliamentarians vote on whether or not he can keep his job. at this point, there is a real possibility that he will be ousted and greece will have to hold elections. only a national unity government should have the authority to decide how to pull the company out of the debt crisis. >> agreed to lawmakers are trying to divide -- decide the fate of george papandreou. >> the government cannot continue its work as usual. the only possible solution is elections as soon as possible. >> his majority in parliament is then.
>> they have lost the trust and society at the international community. >> [unintelligible] i think the weight of my decision has changed and i will have to wake and see. >> anti-communist have made their decision. thousands have been protesting -- the communists have made their decision. thousands have been protesting. >> is there any indication as to how to buy's confidence vote is going to go? >> it is up in the air. analysts have overturned the initial production and are moving in favor of the premise that papandreou might survive tonight. if he doesn't, it could lead --
keeping him in power would have less dire consequences for the country. he most likely outcome is that he might actually survive. that is according to predictions. he might survive if only to try to form some sort of transition very coalition government with the opposition party pitahaya -- party. this hinges on the key point we have been hearing, the turnso transitional government has to put in place the mechanisms to hold elections at the very latest, the end of the year. and calling for someone apolitical to lead the government. the ruling " want to have the traditional government last until march next year. -- government wants to have the
traditional government last until march next year. >>seems to be what a lot of people want. >> it seems likely, that is what most analysts are predicting. of course, as we have been seeing, everything is quite unpredictable in greece. they have been outspoken and about 10 having mutiny in his party. there are likely backtracking about that. they are waiting to see his speech and waiting to see what he will propose. what is he ready to commit to? they have all been asking for a coalition government. prime minister papandreou will swallow his pride and result in the formation of a coalition government for the greater good of greece. >> what about the protesters? they have been gathered outside
parliament for a few hours. are they planning on staying the night? >> that would be the initial intention. we have mainly communists protesting. and also we have some nationalists. on the other side of the political spectrum, they were gathered outside of parliament, holding a big fight with the emblem of greece -- flag witht h the emblem of greece. no violence has erupted, but they have been pretty angry or confused about the unpredictability. they are calling for elections because this will eventually give the greeks the opportunity to choose who will lead them through this difficult time. >> thank you.
the greek crisis largely overshadowed the g-20 meeting in cannes. the economic powers agreed on measures to boost economic growth. >> french president sarkozy can finally show some results. leaders agreed to a plan for worldwide economic growth. the debt troubles of the eurozone are still hanging over the summit. >> italy is crucial to the eurozone. it is one of the biggest economies in the world. i am happy the italians have decided to abide by the goals of the commission and allow monitoring by the international monetary fund. >> in the future, the fund will be able to intervene in economic crises. italy has rejected imf funding for now. >> i am confident that europe
has the capacity to meet this challenge. i know it isn't easy, but it is absolutely critical. what the world looks for in moments such as this is action. >> europe must take care of itself. they prefer increased funding rather than paying for a rescue. >> we are closely interconnected. the success of one region is a success for every region. failure their means failure everywhere. >> the economy's share a common fate and will need to work together to guard against the next round of stormy economic weather. >> not much sympathy for the eurozone. the greek turmoil threatens to overshadow that summit, but the delegates got around to addressing the global economy.
charles told us more about the message sent out by the-20 group. >> the message is about trying to keep the focus on global economic growth and keeping the focus on how to restore imbalances in the global economy, china, germany, europe that have large surpluses and those that have deficits. the eurozone crisis, as always, that is really running the agenda for quite some time. the tone is one of encouraging markets that they do have a plan, the imf can be involved if need be but they are scant on details. >> charles from the wall street journal. the imf is being brought in to keep italy from slipping to the debt crisis. it will head to rome to make sure reforms are on track. he would have the measure is
fully in place by the end of the month. there is growing concern that he doesn't have the necessary support. >> he is facing an unusual pressure from his allies in europe. he is not faring much better. >> of the newspaper headlines as the majority is trapped. another calls for him to resign. >> he is able to -- unable to reign in debt. berlusconi's usual response is to call a vote of confidence. two weeks ago, he did so for the fifty first time and he survived the motion. berlusconi's luck may run out.
rebels of opposed the prime minister and a parliamentary vote next week to sign off on the budget. with his razor thin majority, it might harm his ability to govern. the leader of the opposition accuses the government of lying and says the only way to restore credibility is for the prime minister to step down. in a sign of the gravity of the situation, the italian president has also intervened in the debate, asking the government to pass reforms without delay. >> we are joined in brussels. jeff, is italy turning into another greece? >> no sooner had we sort of put the into the greek crisis for the week that we turn back to italy where, if you remember, we
were only talking about italy a week ago. there could be serious problems in italy now. why on athens tonight, one high on rome -- one eye on rome. basically he was saying, how will you stop messing around and sort this out? frustration tonight. looking to greece, to rome, back to greece. it might be a question of who falls first. >> focus on greece, what will happen if papandreou loses this vote of confidence? >> he has said there is no referendum. in brussels, italy says that in the midst of the turmoil, the what we favor is the one in which there is no referendum. there might be an election in january in greece. the referendum looked like a
disaster and they reckon they could withstand it if papandreou doesn not s-- soedoes not survi. another 24 hours is all they can expect. they must stop this referendum push in greece. who knows what the consequences will be if mr. papandreou goes. >> president obama looking rather frowny. how embarrassing was it for the eurozone countries? >> imagine that you have a family dinner and you have varied your squabbles and the guests arrived. they start making problem again is -- problems again. that was mr. papandreou. he was deeply embarrassed and probably more angry than anything else. the chinese and the americans
are saying, what have we walked into here? >> thanks a lot. ok, monica, banks caught up. >> let's talk about that. the few decisions that have been made, moving to shore up the banking system. there are new requirements on 29 banks that they consider too big to fail. including germany's deutsche bank will have to increase capital by 2016. a there will be new procedures if they have financial difficulty. the effort to avoid any more taxpayers sponsoring the bailout. that attack on the u.s. economy showing -- the u.s. economy showing improviement. it was the first positive improvement in the last three
months. economists had hoped for more growth. recovery is not strong enough to impact the brutal levels of joblessness. 40 million americans remain looking for work. >> stock markets closed lower, and getting up early gains with the italian banks. steep losses for the third quarter. we wrap the day in frankfurt. >> there was a lot of involvement in greece, and it is expensive. it incurred a quarterly loss because of that, a surprisingly big one. and that is the tough luck, also, going down because people were disappointed of the outcome of the g-20 summit in cannes. the result of fearing for greece referendum, yes, no, the fate of
the government up in the air at the end of this week. the only big swing this week was the central bank in europe, the ecb lowering interest rates. >> let's get a look at the numbers in frankfurt, the blue- chip closed down. the u.s. also deep in negative territory. euro trading at $1.7771. >> of unusual experiment in simulating a mission to mars has ended in moscow. astronauts have emerged from a mock space ship after being kept theire. >> after 520 days, the six volunteers emerged from their mockup spacecraft.
they were greeted like returning heroes. >> is really great. -- it is really great. we have achieved, honor, the longest space voyage ever. >> these were their homes for over a year-and-a-half, participating in experiments and closely monitored. their goal would be to see how they would respond to living in close proximity with minimum privacy, no sunlight, no fresh air, and no fresh food. >> there were a set of unique conditions where we could monitor six subjects over a long period. >> the mission even included a simulated rock on the surface of mars.
regardless of the world that you have the good fortune to never see. we need to stop the dying. to stop the hunger and star tthe ho-- start the holding. feeding a hungry world. >> welcome back. there were hopes that the arab uprising would lead to a wave of peace and prosperity. today, there is more division than unity as tribes and religions of vie for power and influence. we start out with a look at libya with the collapse of the gaddafi regime leaving the nation fracturing. there are reports that weapons are being smuggled out of the country and they want to use libya as a base for expansion. the country is looking like a failed state rather than the candidate for democracy.
>> they fought side-by-side until they reached their goal, the end of the gaddafi regime. the the former dictator is dead, but he was the one thing the united the rebels. traditional nomads from the desert and radical islamists have very different goals. some want to see a western-style democracy. others one of the old mark the end of the center of a billislamni -- hanker for the old monarch. others want an islamic state. the old interest at heart, not even a century old, libya is without a clear path. gaddafi dismantled all of the country's state fractures without creating new ones to
replacet hem. - - replace them. >> is libya on its way to becoming a failed state or is it too early? >> it is too early, but there is a difficult path ahead. nobody knows what shape libya is going to take in the future. if things go well, libya can become not a democratic model state, but to solve its internal differences by peaceful means. we have to imagine that each and everyone carries a gun. there are so many groups, islamic fundamentalists, people that yearn for the old bygone regime. it will be interesting to see how libya will evolve in the next few months. >> there are numerous reports of libya weapons showing up in lebanon and gaza. >> this is what we read and
hear, but there is no real proof for the time being that this is the case. there might be smuggling going on, but there is no confirmed information on this. it is five times the size of great britain and many things are possible in terms of smuggling. >> lee will be back with more in just a moment. as the old colonial demarcations show signs of dissolving the, the single most unifying force in the region is as long -- islam. the party wants to establish a secular islamic state. it breaks the power of the western-backed technocrats. any expression of political islam was suppressed under their rule. >> he went back tunisia after the leader was ousted.
the fall of the dramatic events in his homeland from afar. his party, outlawed for decades, is now the strongest force in the country. when men worry that they will seek to limit the freedoms thew. he seeks to allay those fears. dodge the movement is renewing its commitment to women in tunisia. we are encouraging them to play a part in the political process. >> his goal, he says, is in islamic democracy, taking turkey as a model. he also wants closer ties with the west. >> we also emphasize the significance starting with europe in order to restart our
missing role in the mediterranean region. >> actions speak louder than words in the world is watching closely to see how it will improve itself. >> we are back. what is the agenda of this party? do they want islamic banking? >> they don't . they are very pragmatic. they know they are being judged, they will do everything they can to create jobs in tunisia. should they fail, they will be defeated in the next election. the renaissance party is pragmatic enough not to dream and islamic brain -- dream an islamic dream. you don't want to change one dictatorship for another. in tunisia, things might work provided the economy gets
started again. >> could this be a solution or a model for other countries in the region? >> is early to say that, the real model is turkey. it is very successful in economic terms. that is why this part of turkey is being seen as a role model in tunisia and egypt. whether this succeeds is not a question. it depends on the economic performance of the respective parties. >> we will have more in just a minute. freedom isn't free, millions are experiencing how true that is. tourists stay away from north africa's sunny beaches. receding surfaceervices and a fg population is threatened by the
global economic downturn. egypt has yet to reap the harvest of their courageous revolt. >> of the protests in egypt toppled the dictator but they also dragged the country into economic ruin. last year, economic growth stood at 5%. in 2011, the forecast was 1.8%, the worst economic performance in 20 years. the once vibrant tourism sector has been especially hard hit. in may of 2010, 1.2 million people visited egypt. in may of this year, it was just 700,000. a fall of more than 40%. the effect on the job market is dramatic. many young people have little prospect of finding work. 1 in 4 is unemployed according to official figures.
>> egypt, poor country, no resources, a massive birthrates. how can it move forward? >> and the challenges in education. every second egyptian is illiterate and you can't really build a new society. we are talking about a very long framework in terms of time. it takes a generation to change the mentality of people and the bases they have to run their own lives. it takes an educational system and it is a long-range project. it will be a generation before things develop. europe took more than 100 years to get democratic and get the middle classes into power. >> thank you for joining us in the studio today. dw chaintv -- you are watching