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tv   [untitled]    September 7, 2011 6:01am-6:31am EDT

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after throwing out a challenge claiming they were illegal but the court also said that the german government would have to get the approval of parliament before providing further financial aid in future during a bushel has more they have in effect approved the bailouts not just the one for greece but potentially those in future which is boring growing numbers of people here not just across europe but particularly in germany now i'm going to merkel's ruling party has suffered terribly in recent local elections which gives an idea of the opposition that there is in germany to these bailouts they were opposed to the idea what they say the mistakes of greece being rewarded in effect and germany has to pay for the mistakes of people like greece there's been huge publicity over this ruling does raise the pressure on germany to really have another look at whether they go through with these bailouts or not the parliament did vote in may two thousand and ten to greece keep it from defaulting on its debts and to back the
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four hundred. euro european finance stability facility with some hundred forty seven billion euro and sees the latest opinion poll showing really quite strong you know position not just in the bailouts but also to the whole european project or more people are saying is that they oppose this this defector movement towards a single european government without them really being consulted of course when they were consulted some countries like the voted against for the european integration a more critics say the e.u. has now decided it's not even so people because they're worried that they may vote against all to discuss the implications of the court's decision in a more detail on now dr live from poland by. executive director of financial services firm devi advisors good to have you with us so what are the implications of the court's decision inside and outside of germany. well look the implications
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inside of germany are it's actually it looks like a great day for angle of markel but in fact another markel has had an even better day ultimately this is actually i think what we would call a pyrrhic victory that's an empty victory for mrs merkel yes the be allowed can go ahead but like all good court judgments read the small print and what has happened today is that in fact the german court which has clearly been very very much split on the issue has come out with an announcement we're still scarring through the small print but what we read so far suggests to us that they're going to request that the german parliament and most importantly of all the german budget committee has a grid deal more say on what goes on in the whole issue and that's ironic because in fact the big winner today is another mrs merkel a little known backbench socialist m.p. who happens to be mrs merkel of berlin and she is the chairman of the budget committee and she's going to have a great deal of power going forward to go through and finally comb through all the
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possibilities for be a lot on a larger basis what we're looking at today is the fact that yes bailouts can go ahead but at the same time it's still a very very quietly picture of the euro we know that the german people are deeply unhappy about what's going on they don't see there being any benefit in suddenly giving a credit card another bottle of vodka to a dry ning drunken man in a department store and that's what we've got here it's going to still be a terrible result once the market has had a bit of a relief rally which is going on as we speak well as this court decision i mean to what extent could that hinder the ease response of the debt crisis i mean will it be bogged down in the local german politics of bailouts being on the table again well the interesting issue is of course that the german main government parties and the opposition parties both tend to be incredibly pro european but at the same time there's a huge groundswell of support. in germany the people don't see why they should be
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spending all the money that they've saved or the years to billow greece and other countries and they're quite right i mean it's a perfectly understandable thing to say in that respect i think you're going to see incredible political wrangling going on we know that mrs merkel has already that's mrs merkel major of the chancellor has already canceled her trip to russia to visit meet mr putin particularly because she's only able or worried about what's going to happen in parliament during the course of the week the german parliament is going to be in chaos because the opposition party will send blood and they realize that mrs merkel looks very much like a busted flush at the moment of that as you were mentioning earlier this is not a runaway winner but still angela merkel has welcomed it in the court decision emphasizing the importance of unity as she has always been saying but one of the leaders of the ruling coalition i believe it's mr horsy harford said in a recent interview that he did not rule out leaving the single currency zone do you
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think axing there is a solution for such that reading countries i think there's only one possibility for greece right now and that's it you don't see the euro i mean what's happening is greasers essentially being sold high by. slavery by the way that the euro debt mechanism is working it's a farce for greece it's a farce for the greece people and it's a total complete and utter disaster for the euro greece should be allowed to go free and it must make its own decisions its own sovereign decisions that people can decide what they want to do next sorry to interrupt but it's not going to be that easy for a group that's not there tomorrow the next day greece can say i'm out of the euro and that said there's a lot of the coupling a lot of work to be done as well is that worth it worth all the trouble well let's put it this way the issue is that of greece doesn't believe the cancer is spreading and as we know it reached in italy last month it's already were rooting around the place since it hit portugal it's hit ireland so far does the disease google for it finally kills the patient i think the question is it's not a. question of how much work is there to get greece side of the euro actually how
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much chances are that the euro is going to survive with greece still in it and the answer is really numb ok just very quickly quick comment on the. move in a devaluing it's ragged pegging it to the euro what do you think about this move with it or say there's no more safe haven what exactly will be impact on the euro and the rest of the markets well look what's happened here is that the swiss are find because they're pragmatic prudent managers of their economy but they've been absolutely howard because essentially their currency is going up to say a pivot and that makes all of the products that we all love swiss chocolate swiss watches my going to cuckoo clocks can't be exported at the moment because they become so expensive so the government had to do something because simply they could not produce the goods cost effectively so they've come in and they've said we're going to try and build a link up this level somewhere around one twenty i think to the euro it's going to
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be the floor and they're going to try and secure the value of the swiss franc overall i think there's two issues if the market crisis really ticks place and really deepens then actually the swiss central bank will have a great deal of difficulty holding this peg relationship house on the other hand it's a big wake up call to the rest of the euro zone the really everybody in the world is not being affected by the lack of leadership amongst the european union and the fact that there is no tangible sensible coherent policy to see of the euro in a time of crisis all right thank you very much for that mr patrick the other financial services firm dva advisors running us live from poland thank you. well we will be getting more analysis on the german court's decision to uphold the country's participation in the euro zone rescue funds throughout the day and just over twenty minutes time we'll be hearing from a leading german economists in our interview programs if you stay with us for that . and a need while in italy and spain that thousands of people hit the streets of protest
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the government's fresh steady measures italy's a forty five billion a year a package welcomed by the e.u. includes among other things new tax hikes and raising the retirement age for women and spain at the rallies came ahead of a crucial vote by its senate on amending the constitution to limit the national debt forgiveness and rights groups say the debt trap would decimate the welfare system and hurt the most vulnerable well writer and journalist. believes it's the markets that should be made responsible for spain's current predicament not the people. the markets are not rational and they are driven usually by fear sometimes by greed. they just think they feel that the spain could be like greece or. portugal because the fertile country within the euro so so they tend to lump together countries that are very different but they resemble each other because they are part of the periphery and i think that's the real recently is just
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a psychological perception and then again it's true that the growth in spain economy growth is not very good so that in the long term will be a problem for there we don't have that problem now but we may have it in the future that is true with the financial turmoil raging around europe the calls are growing for the worst hit economies to abandon the euro and return to their old national currencies but germany economic analyst michael ross tells r.t. that the only solution to the crisis is a strong economies leave the eurozone. there's no other solution that the weak countries but a strong country has to exit if germany for example pulls out of the euro or doing a whole problem would be solved means that we will have a stronger currency germany can live through that the others them will have a devalued currency this is exactly what they need it means all saw the. rules. this is what they're mean and this is what they mean new and so the situation is.
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we have to pull out but the germans have to put all of. europe's economic woes are also being felt in the u.k. driving some parts of it to crave more control over their finances. in scotland becomes independent and the next logical step is for we are just becoming dependent to separate the sentiment intensifies across the u.k. as we reveal later in the program. now a bomb blast has rocked the indian capital new delhi killing ten and injuring at least sixty five outside the city's high court it is reported that a pakistan based terror group has claimed responsibility or correspondent preassure is in new delhi to discuss who may be behind the attack with an expert the home minister has come out and said that this is in fact a terrorist attack but he doesn't know who to hold responsible for this yet and joining me to talk a little bit more about this is commodore with
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a bust he's currently the senior fellow at the national maritime foundation and he's retired from the indian navy after thirty seven years of service i think so much for joining me do you think clint intentionally be held responsible for today's attacks we do have a meaning that we nor in the past which groups have been identified. groups since we are talking about mumbai two thousand and eight that was attacked in which groups like the. has links with the pakistani establishment i would not identify. just now but as a security analyst one linkage that i can see is the fact that the al qaeda and whatever be the new leadership that has emerged after bin laden clearly would be seeing the tenth anniversary of nine eleven which is coming up in the next few days as a moment when they might like to reclaim the credibility that they have lost over the
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last few years that is just one possibility that. for instance in boxes from you know afghanistan that affiliated with al qaeda might have chosen this particular period in that lot up to the tenth anniversary to carry out an attack of this nature this week and a few days after nine eleven would be a moment where the possibility of a spectacular attack would definitely be on the includes all will be keeping you updated on the new delhi blasts and there's also more on the story at our website that's r t dot com and in our free video section we've got pictures from any available for you to download for free will log on to check it out. critique free storage. arrangements free. free. free. free roam videos for your media project free media john darche dot com.
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the security chief of ousted libyan leader colonel gadhafi has fled to the country and is now in neighboring niger according to officials there gadhafi wasn't said to be part of the convoy that crossed the border on tuesday while working off also has denied claims it's ready to provide asylum well before the start of the end to get off the campaign america cia and britain's m i six were allegedly sending terror suspects to libya for interrogation. and torture well the claims based on diplomatic documents recently found in libya have sparked outrage but antiwar activists don de bar says u.s. intelligence will always find a way to spin the story. the u.s. cia is very skilled at this information and it's interesting here because the attempt is to play this in front of arab audiences to show good for you as being the u.s. ally even though the force is fighting gadhafi of at
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a coordinated six month bombing attack with nato and the u.s. on their side but this is playing to arab nationalists so that the n.c.c. can be seen as some sort of anti imperialist crowd when in fact they are agents of u.s. imperialism well they should be looked at in the context of the rupture that was a temporary one as it turns out where libya's sensually tried to get itself off the sanctions that they suffered for a decade or so and to be allowed to trade in the international community the cost was very high i guess that shows that collaboration with the united states does not guarantee that you'll be able to continue in power all artes website continues to follow the fate of almost twenty eight ukrainian citizens who remain in custody in libya as a rebel suspect them of being pro get off the snipers well earlier the russian embassy was able to negotiate the release of two russians and a ukrainian couple they say they are oil engineers and close to have nothing to do
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with the military but you can check out r.t. dot com for the full story. now activists in assyria say seven people were killed as government forces used armored vehicles in the besieged city of homs well that's as the u.n. is calling for more pressure to be put on president assad but professor edmund ghareeb from an expert in international relations says that sanctions won't necessarily bring down the regime but they will make ordinary people suffer. in any case what happened whatever happens the sanctions are clearly a. instrument that does not discriminate between the regime and the people and what may end up happening is that the people who probably are going to price the regime especially if we take a look at what happened in iraq or what happened with cuba. experiment is a very good example of this where some of the harshest sanctions ever imposed on any country in history want to impose on iraq and despite that. did not succeed in
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bringing that regime down. effect. the public which was hurt severely. as a result of the sanctions so this is. i think is going to raise a lot of questions especially some of them political some of the comic and some of course. well the e.u. has already imposed sanctions on oil imports from syria and on our website we're asking you what is their true name just looking at the chart here so far fourteen percent think that president assad is the target seven percent say the real aim is to liberal voters in u. countries almost a third argue the e.u. wants to please the u.s. and around a half of all those who've taken part say the sanctions hit ordinary syrians to provoke more protests or you can log on to r.t. dot com and have your say. at the central russian city of the us labile
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is turning into a global thing this week with a third global policy forum inviting the best minds to come up with solutions to some of the world's most pressing problems well this year it's multiculturalism that will be among the main focal points an issue that's recently proved controversial in western europe global security is also on the table with debates on syria and libya as also a question of how to keep the region safe after need to withdraw from afghanistan a large any sonali has more now from yet to stop it. is expected that there's going to be some pretty intense debate especially when it comes to global security in terms of what's happening in libya now syria and like you said in afghanistan in twenty fourteen the u.s. and nato troops are expected to withdraw all of the countries like russia and its other partners in the collective. security treaty organization which is an organization that focuses in that part of the world is concerned about how they're going to deal with security in the region after if you will post afghanistan just
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speak more about about bad and other issues that are being covered here at the forum this year joining me is adrian pabst is a lecturer in politics at the university of kent thanks for being with us always a pleasure to have you here let's start with libya and syria what are the main if i can say the sticking points that we might hear today what are the different views that you think are going to be thrown around on the table. one discussion is that the never really going to happen is you know was the intervention riots was the u.n. mandate respected by by nature or in fact was it violates. questions where intervention always come up but i think we should focus on the longer term issues as you mentioned in your introduction it's really about building up societies building are viable political economic and social systems and i think too often people say well if the in an intervention is wrong then in some ways countries get out and you know let's decide to get on with their lives but you need
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support you know tradition societies need a lot of support and that can be both domestic and foreign support so i think what we should be discussing is a longer term presence of specially civil society actors who can help build up the potential the capacity of transition countries now nato and russia don't know we see eye to eye it's very not much of a secret but one thing they have been able to cooperate quite significantly on is afghanistan. what happens after afghanistan and what role do you think the collective security treaty organization could play what i think what will happen is that the the wind down of military presence will inevitably be a destabilizing factor because of ghana. isn't fully ready to cope with its own security problems and challenges so i think engagement again longer term engagement is crucial and i think any support for a more stable afghanistan will be welcome whether it's by individual countries russia of course be one of the main powers in the region but also perhaps other
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organizations collective security treaty organization is one shanghai cooperation organization is another one i think the move is engagement and all the better it is and i don't think nato anyone should be worried about this of course afghanistan has to out to decide you know what kind of support it warms and the afghan people have to be at the center of this but i think support for. we posit all those actions as crucial. and perhaps a lecture of politics i can't university thank you very much for your input here and are to be joining you throughout the day here from your small role as experts and with the leaders gathered to break some of the most pressing issues. issues of global and regional security will be discussed at another conference today as the russian and french foreign ministers meet in moscow well a little later we'll be crossing live to hear them speak to the media. and the whole for a better country but not as part of the united kingdom there's a strong sense of national identity in wales which is healthy you will calls for it
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to achieve independence following similar calls for the north there scotland was artie's lorena reports the debate continues to rage over whether well from bishops are driven by economic sense or emotion. welcome to wales part of the u.k. and a proud nation with its own language and customs and the latest voice to call for independence applied comrie which means the party of wales has always argued the country could be better off without the u.k. and it seems increasing numbers are starting to see their point of view our economy has been run from london with the interest and priorities of the south east of england to the fore an independent will be able to chart a different course based on our needs and priorities wales is a long way from declaring independence but it's no longer just a pipe dream and people here voted overwhelmingly earlier this year in favor of handing the welsh assembly full lawmaking powers that was considered
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a turning point in welsh nationhood and plights couldn't read the party of wales have undoubtedly taken heart from the surprise victory of the scottish national party that victory in may gave the s.n.p. an outright majority in the scottish parliament which has many powers devolved from westminster the party's promise to hold a scotland wide referendum on whether to declare independence according to plied comrie that marks the turning of the tide for a unified u.k. people now i believe are beginning to to use the word independence in a welsh context which say they they wouldn't have done if you use our last saturday to valid so i think the people in where's it going to see that they're to scotland becomes independent the next logical step is for we're just becoming dependent to of course separatism is nothing new to the british isles and the thousands of victims of the troubles in northern ireland are testament to how high feelings can
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run both in the present day and for centuries past while national sentiment may not be a new phenomenon the reasons for it have changed over the years and in these. current turbulent economic times money talks scotland has oil and gas but while wales was a proud coal producing nation its mines are now closed and it's got some of the highest unemployment levels in the u.k. because of that the older generation is reserved when it comes to independence but young people are filled with national fervor but them independence is less about money and more about nationhood and identity and wales needs to be independent because it is a great country and we do we do and i like being because we really patriotic i think more patriotic than england definitely have a lot to say we shouldn't. just seem to be better here at the moment we get free
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prescriptions. education seems to be a bit better plight comrie says it's going to build on that support providing not just emotional reasons why wales should be independent but concrete economic reasons too and it says wales does have resources particularly land and sea for green energy if the scots vote for independence wales might not be far behind nor emmett's r.t. cardiff now today's interview and the sports are ahead but first the business update with your you. hello and a very warm welcome to your business update fresh air in the gas dispute between russia and ukraine continues to build kiev says it reins to complete their reorganization of the country's gas monopoly before the end of this year kompany is that the mortgage will be either conduct i.p.o.'s or be sourced privately that will
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allow ukraine to raise up to twelve billion dollars the country plans to invest the money into energy efficiency a system and its own gas production of course to reorganize naftogaz in order to renegotiate gas contracts for russia saying the existing prices are too high. let's have a look at the markets now world is back up that's ahead of an energy department report which is expected to show a decline in stockpiles last tropical storm lee is threatening production in the gulf of mexico also hope that a bomb or speech will provide a new catalyst for economic growth are supporting the market. and european markets are rallying after three days of losses mainly driven by global stocks germany's top court has thrown out a lawsuit aimed at blocking the country's participation in the eurozone bailout the case had been brought by a number of euro skeptics who argued the rescue package broke both german and. this has if i did a further list lift to sentiment. and finally in russia the markets picked up
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strongly in the black on the back of high oil prices and positive movement in asia let's now have a look at some of the individual show moves on the my six and if you may just are among the main gainers to meet strong crude with gas from over two percent meanwhile banking stocks are also on the rise was almost one percent in the black and fertilizer for growing gaining six percent after posting strong first half results companies that profits rose two point six times to four hundred and fifteen million dollars. with russia nick which is experiencing continued volatility this week rather you can edit screeches says investors should stick with liquid stocks. if we work to see some positive news flow in the next several days then the best bet for any investor for sure would be a liquid space they respected for which to kill sector you want to look at because
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the liquid names have been eaten up most of all the steel sector has been completely destroyed with names such as severstal and l m k m m k down thirty to forty five percent year to date and if we were to see this technical balance in the back of obama's address on thursday as well as the decision making rate decision and general statement on thursday i think the best bet is to play the liquid names . website r.t. dot com slash business.
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news today volumes once again flared up. these are the images the world has been seeing from the streets of canada after. giant corporations ruled the day. we'll. bring you the latest in science technology from the realms of. the future.
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here is a recap of the main stories we're covering today on our t.v. germany's. issued a much anticipated ruling on the legality of bailouts holding participation and eight years old rescue funds the court also said that the german government would have to get the approval of parliament before providing for their financial aid in the future. people have been killed and over sixty injured by a bomb blast near the high court in new delhi about a sauna based terror group has already claimed responsibility. number of the loyalists including his security chief libya for neighboring niger and the whereabouts of the colonel himself still well that sounds concerns grow over what could be replacing him. all right well now.


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