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tv   [untitled]    May 20, 2012 12:30pm-1:00pm EDT

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this is the weekly here on our top stories this hour a thousand strong protests welcomes nato leaders in chicago but police giving a heavy handed response wielding that batons on activists. and the u.s. opens it's also the weapons to bahrain's king as a mass uprising in the state threatens to unseat the pro western monarchy. group of eight industrialized nations express hope greece can stay put in the eurozone but experts paint a very different picture of what's happening behind the scenes. well more on the
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economic crisis looming large over the years and now when we get some expert opinion in the special interview next here on r.t. . today i'm talking to dieter chakraborty who's an economics leader writer for the guardian newspaper we're talking as politicians increasingly start to discuss an exit for greece from the euro zone as you see chakraborty thinks that orderly all disorderly that x. it will see disorder on the streets of greece like you very much for talking to us today and we've recently seen these elections in greece which appear to have shown that the greek people reject austerity how long do you think that rebellion is going to go on for i think it's already been going on for the better part of two years ever since the european union and the i.m.f. impose a really severe program of spending cards and form of welfare on greece you've basically seen a country which is descend very quickly into the realms of young governable what
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you saw simply in lost elections was about getting on for same percent voted against austerity parties for a party that was against austerity now whether that means that they're against spending cuts that means they're against reforming labor laws would that mean there are going to change in the welfare system where they simply going to privatizing whole swathes of national at it i don't know but what you do see very clearly from greece these elections and i think you've seen for the better part of years is a kind of wholesale rejection of the program that's been imposed upon greece and we've seen germany's finance minister will crank schauble make it very clear that either greece sticks to this austerity all it quits the euro what's in greece's interest would you say what's best for them i think we can stop the most obvious thing is to stop this austerity what happens next well that's a that's a more vexed question if you want to talk about whether it's a good idea for greece stay within europe or i think the way it can we have very
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painful decision for greece if it stays within the euro it will be forced to stick to some. the program imposed on it from outside for a long time to come and it won't have a great safety valve that's normally given to countries mistress or been able to devalue its own currency that's a problem with staying in the euro problems living on the other hand of the kind of volatility and turbulence which may well may or may well make the general strikes to rights all the rest of it look like walk in the park compared to what happens next so that's from greece's point of view but what about the point of view of the rest of the year is the german chancellor angela merkel and new french president francois hollande says to both say that they want greece to stay in the is greece essential for keeping the euro zone together really. it's not but the big question that will come up as soon as any country walks out a door is which i was going to follow after it so greece is
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a very small economy greece is also it's pretty clear an exceptional case within the euro zone economy because it's had the biggest crisis of the lot it's had the biggest bust of the lot it's got political costs you know it's got a whole series of. specific to greece but if it goes the water stopped portugal from going so we're talking about sort of house of cards and this is being this is been the big question ever since it became clear that southern europe was in trouble it was never about one country particular and it was particular not about greece assoon as the questions arise about greece then actually the big questions get raised what about spain what about italy these are the really big economies even some europe and within the euro zone and so when i go merkel said if the euro collapses europe itself will collapse do you think that sort of prophecy almost coming true. it's very funny statement for the german chance to make because the euro the euro is the union the seventeen countries the european union is
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a union of twenty seven countries and growing and so for her to ally one with the other is a very curious thing to do it may be rhetorical over straight but it may also be that she sees the euro zone without that what happens in the european union the problem is she's got is that she says the euro equals europe but she also says austerity because europe so what you've got. very clearly not just in greece but across the euro zone now you've got electorates and governments collapsing because they cannot impose austerity on their on their voters so even in neverland government government collapses because economy posen sturdy belgium hasn't had a government for the best part of a year. if the if the european equal just thirty and if the year if european unique was and if the year equal then vote as they want us thirty so what does that mean about the rest of the rest of the european union i think you've got to come up with a better story for europe is for than simply it's about the euro what about
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potential exit for greece politicians are now really for the first time talking about an actual situation where greece might exits and they're talking about an orderly or a disorderly exit what do those terms mean and what real difference do you think it would make a really really odd thing when people who are orderly or disorderly is all you are disorderly for whom because i can assure you that any sort of situation however well managed the group for the ordinary greek it's going to be very disorderly indeed it's going to be very very turbulent. people have been modeling what a greek exit from the euro zone would look like for the best part of a year politically and economically politically even those who are in favor of greece leaving the euro zone it would involve the army being on the streets to keep order it would mean the banks would have been shot possibly shot that the a teams would not be working it would mean that people be stopped from leaving the country especially with this moves of euros in their back pocket because the country would then need to stop all capital from the country and to maintain
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a very high level room order so it would feel affected like a countryman of martial vault the question all in the saudis really for the rest of the euro zone if the euro zone can say to threaten to financial markets look greece is leaving but we all know it greece is a special case you know behind our hands will say it's a bit of a basket case and actually its problems are not the rest of the euro zone that's what they really mean by an orderly exit if they can convince everyone that greece is leaving because of greece not because of the euro i don't think people in markets would buy that because the rot has gone so far. financial markets i'm willing to lend to spain or to italy that i don't think people any longer see is a problem confined to just one or two small countries and what about the situation with the banking sector in greece at the moment you talk about sort of disorder on the streets we've seen in the region of a billion euros i think withdrawn from greek banks just in the last ten days how significant is that how close do you think that is to panic withdrawing
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a run on the banks essentially i went into one big banks in greece in the capital athens in syntagma square last summer and i asked one of the cashiers what's your most popular financial product and he pulled out a safe box and he said what people are doing now is they are renting from us to put their money they no longer keep their money in the count in the bank they keep it in a safe box in the vault below almost under the mattress exactly like twenty first century of keep it on the pillow. so actually a bank run has been a very slow motion bank run has been in greece for the best part of a year what you see in the past ten days is that sped up dramatically. the banking system in greece to intense purposes been a zombie five banking system for the best past years because most of the debts that greece holds has been written and so much of a portion of those debts held by the greek government are held by the greek banks system so effectively
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a sudden apollo worthless loans and that's before you get on to the loans are made to businesses and households which also not worth half what they were if that. so it's pretty clear that whatever you would have to do to greece where it stays in europe where it does then you're aware victims was thirty were doesn't it in your authority it need to do something to restructure and bring back to life its banking system but it doesn't have the money to do up and no one in the rest of europe is willing to give it a money to do that and all over europe there's a growing popular opposition to the political and economic union how of european bureaucrats failed to convince the people that the european union as a whole and the euro particularly are a good idea. i'll turn a question around you'd have to say it's the most it's an it's the crowning achievement of brussels it's managed to take a largely pro european continent and turn it so wholesale against europe and the euro we're talking in britain where if you look at the popular press and even
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sections our political party system there are a whole variety people who would see brussels being on some kind of conspiracy plot to turn all banal as straight and this is always been part of the british public discourse what's been really interesting from myside to channel is actually more and more the continent is turning against the euro and turning against europe and i think that's largely goes back to what angela merkel says about if the your affair with europe fails she has made europe about the euro and she's made about making vicious spending cuts even in germany which is seen as being the strongest and most successful economy of the past decade even in germany are rich german workers has seen his or her wages for over the path their case take out inflation the median german wages fall and four percent over the past decade so even your average german workers the person in the most successful strongest economy in all of europe is worse off now than they were when since the euro launched and how far do you think politicians in brussels are willing to go to save the union and what you've seen of
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past two and a half years is effectively a whole series of blame games going on soon as it became clear that greece was in trouble people in brussels and crossed northern europe said well that's greece you know we knew they were they shouldn't really been part of the year in the first place then island says hang on we're in trouble wow you know the irish they can never control this their property market in portugal well ways portugal for heaven's sake then spain italy and so on so forth always becomes the fault of these individual countries and no point until very recently didn't say hang on there is a systemic problem here because you see whole swathes of europe now effectively going bankrupt or as close to bankrupt as you can officially get. and so they're very belatedly realize that actually this is not just about countries been for but about an extension crisis for the euro. having only just recognize that they're nowhere near putting the policies in place that might save you or. thank you very much.
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if not then. we have to begin to identify those goals to. push. could stand. just. as i get my people in similar band but it is a bunch of losers but i have a very good job people have jobs here that's all nonsense and they don't have jobs they're losers. ah that.
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was. in his secret laboratory tim curry was able to build the most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and world this is why you should care only on the dot com. here the reindeer is interesting for the herders and when it suffers. people do their best to help. but the distances are. and the roads are. unpredictable.
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there hasn't been anything yet on t.v. . it is to get the maximum political impact. the full source material is what helps keep journalism honest we are
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little. we want to present. something else. top stories this hour marty feldman strong protests welcomes nato leaders in chicago but police give it a heavy handed response wielding their batons on activists. the u.s. opens its also weapons to bahrain's king and the mass uprising in the state threatens to unseat the pro west a monarchy. the group of eight industrialized nations expressed hope greece can stay put in the euro zone next but had a very different picture of what's happening behind the scenes. about with more on those stories for you in fifteen minutes from now in the meantime kate is next with the latest sports.
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hello welcome to the sport on this action packed sunday is what's coming up. things of europe chelsea parade the champions league trophy through the streets of west london after beating by munich four three on penalties to be crowned european champions. while i'm victor a russian prepared to take on surprise package slovakia in the final of the ice hockey world championships in sydney. and in the balance brain suspends play in the third set tiebreakers maria sharapova aims to defend her italian open title against french open champion lino in rome. but first thousands of chelsea fans have given their team a hero's welcome as the blues paraded the champions league trophy through the streets of west london after beating by in munich for three on penalties to win europe's top top competition for the first time in their one hundred seven year history well after eighty three minutes thomas clearly had but the german side on
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course for victory that did a drug was bullet head it sent a match into extra time and though he then gave away a penalty form a blue all year robin missed it so it went to a penalty shoot out and bastian schweinsteiger as missed a drive by the chance to clinch victory and the thirty four year old who we saw a few times to make chelsea champions of europe in the first in london pub to do so while our captain john terry who missed the chance to win the trophy the spot kick against manchester united in the two thousand and eight final here in moscow was suspended for the national unit but still allowed to leave the trophy along with frank lampard while there is also joy for russian of the world which can find an appropriate way since buying the club nine years ago and spending an estimated one in the hall dignam dollars. party well chelsea rivetted amateur a.o. is celebrating a unique double to you after also winning the f.a. cup during his ten weeks into scared like a manager but it's still unclear if you leave the team next season. i don't know
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what the future's going to hold we are just very happy tonight. to have made history for this club is the first time that we have won this competition and it's very difficult to win it and we went very close so the club when very close four years ago and and you know i think a lot of the player thought i know ok we'll i would qualify again for a final and didn't come until i wanted two thousand and twelve so it's a definitive competition to win and you have to take a chance when it comes on today chelsea with a lucky exchanges they played typically as they do at the moment so you know and i said my congratulations to chelsea and london the team for brilliantly they stood well in defense and with luck they won the champions league with a penalty shoot out minor grinch well meanwhile here in russia the national team have been dealt a heavy blow ahead of the fast approaching european championships as experience
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defend the city but as its key has been ruled out of the tournament the twenty nine year old has failed to recover in time from a long term only muscle injury that hawk among the testosterone was trying to make a comeback in a two one winning don't be against fox i could be in the rifle but i didn't like that for the second half want so much of setback because they got the gulf so there was a central defender was going to rush it regular for i were deaf eight months in an area where the russians have little strength and depth. those are very. relieved because he still has too much pain. and we also have to think. so we decided together with them. after doing. well meanwhile one member still hasn't turned up to join the russian squad as sporting midfielder mad at his model of his due to play in this sunday's portuguese cup final against academic i am the twenty nine year old has been in good form this season for years
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there's been cited and his first call up for a is but he's been given an ultimatum by advocates who says his model of must be in moscow on monday if you want to make the squad. i'm not sure which is in television but after the game we have a dog which is one of the above too many years never heard the news but you know the way i think if you will come to more than you can understand not you can bet he can stay. well now on to ice hockey and russia are gunning for their third world title in five years as they take on surprise package slovakia in the final of the world championships in helsinki later this sunday while russia are the overwhelming favorites to win after also seeding back to back titles in two thousand and eight and two thousand and nine the red machine is also the only other beaten team left in this year's tournament but slovakia claimed their only world title by defeating russia in the final a decade ago and they've also not time the lines of talent and the czech republic
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and a need to conjure up yet another upset well before all of the czech republic stayed off a late comeback by finland to really three two and see all the bronze medals which means cohost finland finished outside the podium after relinquishing last year's cram. now into denison maria sharapova is looking to defend her italian open crown with the world number two taking on china's not only in the final in rome but rain has suspended play with a match on in life edge while after losing the first set six for the even four russian battle back bone for one down in the second set to take the match into a decider where she saved a match point before closing time break in the final set when the rain came down well a victory would secure sharapova certain title of the season after also winning a shotgun last month while not only receiving eight is searching for her first time since becoming the first asian to play to triumph the ground's fun event last year's french open and to begin the defense of that prime weeks time. while on the men's side novak djokovic is aiming to defend his title against arch rival rafael
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nadal in this sunday's final after the world number one roger federer in straight sets the swiss looked weary under the lights in rome and lost the opening set six two all the second was closer and went to a time break before djokovic prevailed that right. now a week after losing basketball's euro league final to have bounced back to claim their tense domestically title in a row the army men beat him to nineteen point two seven. five to wrap up their best of five series free will. always in control and what fourteen points in the first quarter. was cut to five by him in the closing period but stay stopped on another surge in final minutes were not comfortable with this question nineteen is titled in twenty one seasons. as a major g.p. and former champion hold iran's i was back at the top of the ryder standings after winning the french grand prix in style on a wet track the spaniard started from the second row but eased into the me
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eventually wanting a rossi by almost ten seconds one time champion rossi over to call the k.c. stone on the final lap with the second podium finish off and joining because he last year started now trails lorenzo by eight points in the overall standings yesterday and the teammate dani pedrosa started from pole but had to settle for falls. has been difficult because always on with very long race especially when casey was coaching me was very difficult to keep the concentration and not to dry. faster and finally becoming a team player isn't always easy but some children from around moscow have had the chance to develop their bonding skills like they've never done it before michael craft trying to find out how. camps for children and youths have always been promoted healthily throughout russia but looking for more specialized adventures
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which develop and hone skills and help promote interaction are still far few between the russian and venture and borrow and it's fun to have managed to bring team building exercises to the outskirts of moscow. located roughly one hundred kilometers from the capital is the first fully equipped obstacle course of its kind in russia. the main difference between this course and others you can find around russia is that it focuses on providing challenges for kids to say in groups of seven or eight which can only be tackled as a team and the fact that they have to complete these tasks such as crossing a random bridge or together they learn new skills and qualities and overall become more confident indeed watching a group of hearing impaired kids taking on a devilishly tricky crossing six metres above ground is inspiring and although it's meant first and foremost for the less fortunate children organizers insist they have been plenty of healthy adults who've chickened out when dead not so for these
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little adventure seekers so how has your experience been so well of course it's scary when you climb on here and what else has happened on your own it would be difficult but my teammates maybe. there are quite a few different obstacle courses available from rock climbing to trench style in journeys tests but it's the rubicon a tiring construction in the heart of the camp that draws the most gasps now it's named after the italian river that through the seas and his army once crossed back in forty nine a d. and of course that also means crossing the rubicon means crossing a point of no return now the organizers and creators although this obstacle say that it cannot be reached or completed by yourself you need a team for that but i'm going to sneak ahead of the pack here and see if i. completed without any extra help.
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and of course. this is easier. thanks. well i may have been the truth a little bit that it really is a difficult to be cool and there's absolutely no way appreciate all you it's truly amazing how productive and proactive even the most shy or disabled child becomes once put to the top. i learned how to keep my balance and control my fears and how did you do that well don't be scared and keep going we come back again yeah i'd like to come back next year so it's better than playing bass they said yeah it's better than a play station there may be only one rubicon in russia at the moment but with such experience that these kids take away with them it can only be a matter of time before the secret gets out. of moscow region. and that's all supposed by.
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seeking an exit from a decade or more. used to be leaving a legacy of atrocity. natures chicago.
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the news secret laboratory tim kirby was able to build most sophisticated robots which on fortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and. this.


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