but there are those that say that leaving the euro zone will be detrimental to the economy no matter how you do it obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously this is where we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to success in the future dr welling's thank you. very much for telling us about the competition now the prize is going to be judged by a panel that includes former chancellor nigel lawson who recently claimed that the british economy would be better off if britain were outside the european union. london and while britain and the rest of the e.u. feel the grip of austerity tightening some well connected individuals could be making more money than ever r.t. is next kaiser believes it's a sign of a looming financial apartheid of course you can watch the full show lat

will come from the euro zone and european central banks the i.m.f. is also expected to stump up a further one point eight billion to get the loans athens will have to fire four thousand civil servants by the end of the year while twenty five thousand more must be redeployed greece has been relying on brisk you funds for over three years now but as financial expert patrick young explains it's done little to cure the country's financial woes. well unfortunately i've always argued that greece was never going to survive as long as it was in bailout mode because the difficulty is that you know through involved at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely mainly arkell situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate

competition and the winner who comes up with the best proposal will be awarded one hundred thousand euros want to talk about the challenge i'm joined by dr richard wellings from the institute for economic affairs dr weddings why i don't want to the competition now it's four years until the referendum and even so britain's might vote to stay in the european union at that point that's true better i mean it is such an important issue that is important that economists start thinking about the consequences of britain potentially leaving the given that there's such a large amount of your skepticism of most british public it is quite plausible that in a few years time britain will be leaving so i mean is absolutely essential that we have some idea of where britain is going to go next with a winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas there for the government's low cards and hopefully come out with a very very sound plan no

competition and the winner who comes up with the best proposal will be awarded one hundred thousand euros want to talk about the challenge i'm joined by dr richard wellings from the institute for economic affairs dr weddings why launched the competition now it's four years until the referendum and even so britons might vote to stay in the european union at that point that's true but i mean it is such an important issue that is important that economists start thinking about the consequences of britain potentially leaving the given that there is such a large amount of your skepticism of most british public it is quite plausible that in a few years time britain will be leaving so i mean is absolutely essential that we have some idea of where britain is going to go with the winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas there for the government's low cards and hopefully come out with a very very sound plan now the prize is

competition and the winner who comes up with the best proposal will be awarded one hundred thousand euros well to talk about the challenge i'm joined by dr richard wellings from the institute for economic affairs dr weddings why launch the competition now it's four years until the referendum and even so britain's might vote to stay in the european union at that point that's true but i mean it is such an important issue that is important that economists start thinking about the consequences of britain potentially leaving the given that there is such a large amount of your skepticism most british public it is quite plausible that in a few years time britain will be leaving so i mean is absolutely essential that we have some idea of where britain is going to go with the winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas there for the government's low cards and hopefully come out with a very very sound plan now the prize is ai

she's going to go next with a winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas there for the government to look at and hopefully come out with a very very sound plan now the prize is aimed at looking at the least disruptive way to leave the euro but there are those that say that leaving the euro zone will be detrimental to the case economy no matter how you do it was difficult so obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously this is where we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to the u.k. success in the future dump. thank you very much for telling us about the competition now the prize is going to be judged by

finance minister is scheduled to visit to visit greece on thursday to discuss a one hundred million euro loan. and egyptian thousands of supporters of the ousted president mohamed morsi have taken to the streets of cairo demonstrators denounce the newly formed cabinet saying it's legitimate as it emerged in the wake of a military coup the new government has entirely excluded members of morsi as muslim brotherhood movement the rally follows a visit of the european union's top foreign policy official who urged both sides to cooperate and a political process in northern islands unionists are planning yet another operate in belfast despite a recent series of street riots the orange order has applied for permission to hold a march this weekend but as artists are a first explains their decision comes when the nationals community is most sensitive. well the full no u.s. government peace envoy to northern ireland richard haas bank installment yesterday party move in ireland tools now first minister peter robinson has said that all party group has been set up with the purpose of seeking an altern

but there are those that say that leaving the euro zone will be detrimental to the economy no matter how you do it was difficult so obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously key to this is whether we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to the u.k. success in the future dr welling's thank you. very much for telling us about the competition now the prize is going to be judged by a panel that includes former chancellor nigel lawson who recently claimed that the british economy would be better off if britain were outside the european union. london and while britain and the rest of the e.u. feel the grip of a staring timing some well connected individuals are making more money than ever are these financial guru max keiser says a new financial apartheid is appearing and you c

it's not pigs it's it's financial attack it's a private attack this is the reality of this called euro crisis italians headed to the polling stations desperate for a leader who could bring back stability and prosperity the nation once enjoyed but the results seemed to show unity only in the resoundingly no to this territory measures put in place by mario monti begging the question just what kind of future is in store for the euro zone. in rome even r.t. . we'll get to the outside world update shortly here on the program for now though is limited tighten the screw in war torn syria a muslim women in the nation's biggest city could now get in trouble for the way they dress with the prospect of sharia law rears its head details at this hour. of space travel you can watch the spectacular footage of a russian rocket crashing to earth literally seconds off the launch and find out what might have caused the accident those details this. is not a surprise to me that we've got problems and during a time of budget cuts we spend one hundred fifty billion dollars each year to imprison one hundred s

will come from the euro zone and european central banks now the i.m.f. is also expected to stump up a further one point eight billion now in order to get these loans will have to fire four thousand civil servants by the end of the year while twenty five thousand more must be redeployed now greece has been relying on public rescue funds for over three years now but as financial expert patrick young explains it's done little to cure the country's financial woes. well unfortunately i've always argued that greece was never going to survive as long as it was in mode because the difficulty is that you know through involved at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely mainly arkell situation where in order to manage to stay in the euro we have a series of political forces in western europe who are de

but there are those that say that leaving the euro zone will be detrimental to the economy no matter how you do it obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously the key to this is whether we retain very strong free trade links with the rest of europe that's absolutely essential that we have great free trade links with europe and the rest of the world will be the key to success in the future dr welling's thank you very. as for telling us about the competition now the prize is going to be judged by a panel that includes four much. who recently claimed that the british economy would be better off if britain were outside the european union. london well prime minister cameron's motives for proposing a referendum closely tied to political success have certainly drawn questions from the onset on our website you can log on and tell us what you think had led the tories to call for the votes let's check out how the numb

struggles to curate feeling economy with the bailout cash we try to find out whether the billions of euros have been of any help. thanks so much for tuning in this hour i'm lucy casanova of course you're watching our team well on to our top story now nearly two years after moammar gadhafi was overthrown and killed in libya his son so you follow islam is yet to stand trial for alleged war crimes committed during the twenty eleven uprising now he is set for a hearing in libya in august but international criminal court judges fear that he won't receive a fair trial there libya is meanwhile defying an i.c.c. ruling by refusing to hand him over to the hague and sustaining on a trial at home well let's examine the man and his story so you follow islam was educated in london he was seen as a crucial figure in building relations between libya and the west but an early twentieth revolt the uprising kicks off eventually when he made. reports now amid allegations that he and his family committed crimes against humanity the i.c.c. issued arrest warrants just a few months later moammar gadhafi was kill

with two trillion euro that's the amount of italy's national debt threatening to force entire cities to declare bankruptcy tax hikes pay cuts sporadic corruption scandals and youth unemployment at over thirty percent these are the top of the list of reasons italians say they have lost faith in country's politicians and that is largely why february's elections were described as a victory for better agree loz five-star party a movement which positions itself against everything italian politicians have done or said in the last two decades and you for in italy. god for instance this will influence him to leave the european politics that means the equilibrium. political life is very important not only for italy but for or you italy is european union's third strongest economy thus any small storm in the country may pretend a tempest for europe putting the future of the euro at stake some analysts say the e.u. states may share common currency and enjoy open borders their attitude towards one another is infused with discord for the moment it has been yes. well we could do a much much more yo

as greece struggles to cure its ailing economy with cash we try to find out whether the billions of euros have been any how. deadly clashes between an armed group and the military come just hours after a bomb attacks in the libyan city of benghazi this is the son of ousted leader muammar gadhafi awaits trial with tripoli refusing to hand him over to the international criminal court. and private companies in the u.k. are accused of hiring rogue detectives to steal their clients' private data adding to the blanket surveillance concerns unleashed by recent snooping leaks. through the am in the russian capital. and welcome to the program. now after having forced through furtherest area measures greece is set to receive its next bailout installment it took the government a lot of effort to please its creditors greece's parliament approved the cuts after european partners threatened to pull out at the last minute the bailout comes add the expense of thousands of public sector jobs a rescue loan of four billion euros will come from the eurozone and the european central banks the i.m.f. is also e

competition and the winner who comes up with the best proposal will be awarded one hundred thousand euros want to talk about the challenge i'm joined by dr richard wellings from the institute for economic affairs dr weddings why i don't want to the competition now it's four years until the referendum and even so britain's might vote to stay in the european union at that point that's true but i mean it is such an important issue that is important that economists start thinking about the consequences of britain potentially leaving the given that there's such a large amount of your skepticism of most british public it is quite plausible that in a few years time britain will be leaving so i mean is absolutely essential that we have some idea of where britain is going to go with the winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas there for the government and hopefully come out with a very very sound plan now the prize is aim

but there are those that say that leaving the euro zone will be detrimental to the case economy no matter how you do it obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously key to this is whether we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to the u.k. success in the future dr welling's thank you very much for telling us about the competition now the prize is going to be judged by a panel that includes former chancellor nigel lawson who recently claimed that the british economy would be better off if britain were outside the european union. london and while. britain and the rest of the e.u. feel the grip of the stereotyping some well connected individuals are making more money than ever are the financial guru mexicans are says a new financial apartheid is appearing and you can watch the full

greece struggles to cure a failing economy with a bailout we try to find out what are the billions of euros have been of any help. around the hundred prisoners who escaped during a prison riot have been weak captured in libya this as the son of the ousted leader moammar gadhafi still awaits trial but tripoli refusing to hand them over to the international criminal court. and private companies in the u.k. are accused of hiring rogue detectives to steal their clients' private data adding to the blanket surveillance concerns unleashed by recent snooping leaks. thanks for joining in this hour it's noon here in the russian capital i'm lucy catherine and of course you're watching our t.v. well onto our top story now after having forced through further austerity measures greece is set to receive its next bailout re installment now it took the government a lot of effort to please its creditors greece's parliament had accrued approved the cuts after european partners had threatened to pull out at the very last minute now the bailout comes at the expense of thousands of public sector jobs a rescue lo

will come from the euro zone and the european central bank the i.m.f. is also expected to hand out a further one point eight billion well to get the money athens has to fire four thousand civil servants by the end of the year while twenty five thousand more must be redeployed rescue funds have been crucial for keeping greece afloat for over three years now but as financial expert patrick young points out it's not curing the country's flawed economy. well unfortunately i've always argued that greece was never going to survive as long as it was in belarus mode because the difficulty is that you know through involved at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely mainly awkward situation where in order to manage to stay in the euro we have a series of political forces in western europe who are des

will come from the euro zone and the european central bank the i.m.f. is also expected to hand out a further one point eight billion to get the money athens has to fire four thousand civil servants by the end of the year while twenty five thousands more will be redeployed rescue funds have been crucial for keeping greece afloat for over three years now but as financial expert patrick young points out it's not curing the country's flawed economy well unfortunately i've always argued that greece was never going to survive as long as it was and be a lawyer mode because the difficulty is that you know through involved at all the whole it's just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely maybe awkward situation where in order to manage to stay in the euro we have a series of political forces in western europe who

but there are those that say that leaving the euro zone will be detrimental to the case economy no matter how you do it was difficult so obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously key to this is whether we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to the u.k. success in the future dr welling's thank you very much. as for telling us about the competition now the prize is going to be judged by a panel that includes former chancellor nigel lawson who recently claimed that the british economy would be better off if britain were outside the european union. london and while britain and the rest of the e.u. feel the grip of a sturdy time mang some well connected individuals are making more money than ever are his financial guru max geyser says a new financial apartheid is appearing and yo

is going to go next with the winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas there for the government to look at and hopefully come out with a very very sound plan now the prize is aimed at looking at the least disruptive way to leave the euro but there are those that say that leaving the euro zone will be detrimental to the case economy no matter how you do it was difficult so obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously key to this is whether we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to the u.k. success in the future dr welling. thank you very much for telling us about the competition now the prize is going

competition and the winner who comes up with the best proposal will be awarded one hundred thousand euros well to talk about the challenge i'm joined by dr richard wellings from the institute for economic affairs dr weddings why i don't want to the competition now it's four years until the referendum and even so britain's might vote to stay in the european union at that point that's true but i mean it is such an important issue that is important that economists start thinking about the consequences of britain potentially leaving the given that there's such a large amount of your skepticism of most british public it is quite plausible that in a few years time britain will be leaving so i mean is absolutely essential that we have some idea of where britain is going to go with the winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas that the governments look at and hopefully come out with a very very sound plan now the prize is

will come from the euro zone and the european central bank the i.m.f. is also expected to hand out a further one point eight billion to get the money athens has to fire four thousand civil servants by the end of the year while twenty five thousand more must be redeployed rescue funds have been crucial for keeping greece afloat for over three years now but as financial expert patrick young points out it's not curing the country's flawed economy. well unfortunately i've always argued that greece was never going to survive as long as it was in daylight mode because the difficulty is that you know through involved at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely maybe akhil situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate

we struggle security ailing economy would be allowed cash we try to find out whether the billions of euros have been of any help. around one hundred prisoners who escaped during a prison riot have been recaptured in libya as the son of the ousted leader moammar gadhafi still awaits trial with tripoli refusing to hand him over to the international criminal court. and private companies in the u.k. are accused of hiring a robot that tech tips to steal their clients' private data adding to the blanket surveillance concerns unleashed by recent snooping leaks. thanks for tuning in this hour one pm here in the russian capital i'm lucy catherine ellis and you're watching r.t. well on to our top story now after having forced through further austerity measures greece is set to receive its next bailout installment now it took the government a lot of effort to please its creditors greece's parliament had approved the cards after european partners threatened to pull out at the last minute now the bailout comes at the expense of thousands of private sector jobs a rescue loan of about four billion euros

effects of austerity thousands of greeks are getting hooked on a cheap and deadly drug with billions of euros in bailout cash still not enough to cure the country's alien economy. unless he kept it up and thanks for tuning in to our team well we begin with our top story nearly two years after moammar gadhafi was overthrown and killed in libya his son saif all islam is yet to stand trial for alleged war crimes committed during the twenty eleven uprising now he is set for a hearing in libya in august but international criminal court judges fear that he won't receive. meanwhile defying an i.c.c. ruling by refusing to hand him over to the hague insisting on a trial back home let's take a look at the man as well as his story. in twenty two thousand and eight was in london seen as a crucial figure in building relations between libya and the west but in early two thousand and eleven revolt the authorising kicks off with the rebels eventually winning nato support now amid allegations that he and his family committed crimes against humanity the i.c.c. issues arrest warrants and just a few months later

but there are those that say that leaving the euro zone will be detrimental to the economy no matter how you do it obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously key to this is whether we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to the u.k. success in the future dr welling's thank you very. thanks for telling us about the competition now the prize is going to be judged by a panel that includes former chancellor nigel lawson who recently claimed that the british economy would be better off if britain were outside the european union. london for the average european citizen the forecast is more austerity unemployment and belt tightening but it's an entirely different story for the banks at six sixteen pardon me thirty g.m.t. max keiser explains how unlike you or me they get paid to

of athens this is what six years of recession twenty seven percent of unemployment and billions of euro in debt look like this important very will be the perfect reflection of the greek economy and since its creditors or the troika demand that greece of reserves nearly seventy billion dollars by the year twenty twenty two it has to sell off its state assets and here is where the chinese come in beijing is only planning to purchase this whole abandoned facility but is also looking at leasing the current working international airport it's also attracted other countries like russia and the u.s. but there is a great chance that that deal me also will go to china back in two thousand and nine china's costco's the shipping company you least half of greece's largest happens for thirty five years and local authorities say it's completely revitalized it's a win win situation great business for costco and millions of euro in tax revenues for greece in fact things have been going so well athens is now considering leasing the second half of the port beijing is once again interested pledging to turn

right he's been a question of life in front of the kremlin thank you well a two point five billion euro bailout charge for greece has been held back until the country delivers on the last condition demanded by creditors now that basically involves transferring and possibly sucking thousands of public sector workers it's not the first time athens has agreed to make cuts even as unemployment increases dramatically let's have a glimpse right here greece entered the world financial crisis in two thousand and eight with less than ten percent of the country's labor force out of work today though more than a quarter of the population are left without jobs with no apparent chance of even getting one and the latest figures from the finance ministry show that another twenty three percent doesn't even own enough to stay above the poverty line and people are looking elsewhere at the university of for so long to keep estimates that one hundred twenty thousand people with science degrees have left since twenty ten but it's at least ten percent of the total go to person off reports now on the ongoing

britain is going to go with the winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas there for the government's cuts and hopefully come out with a very very sound plan now the prize is aimed at looking at the least disruptive way to leave the euro but there are those that say that leaving the euro zone will be detrimental to the case economy no matter how you do it obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously the key to this is whether we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to success in the future dr welling's thang. you very much for telling us about the competition now the prize is going to be judged by a panel

presidency is quote an economy free from the scourge of unemployment the rescue load of four billion euros that is going to come from the eurozone of the european central bank the i.m.f. is also expected to hand out a further one point eight billion to to get the money athens has to fire four thousand civil servants by the end of the year while twenty five thousand more have to be redeployed rescue funds have been crucial for keeping greece afloat for over three years now however as financial expert patrick young points out it's not curing the country's flawed economy. well unfortunately i've always argued that greece was never going to survive as long as it was in belarus mode because the difficulty is that you know through involved at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely mainly arkell situation where in order to manage to

had euro but it was really say they closed the road because they were afraid somebody would smuggle bombs i asked them how we were supposed to get to our house and they said you can buy a donkey so i told them people are flown to the moon and you want me to buy a donkey or you go home by car. palestinians in hebron are no strangers to roadblocks here in hebron the streets are a maze if you're palestinian there are some streets palestinians can't use at all others they can walk on but not drive and still others they can access only with a permit it's to make sure the seven hundred israelis who live among two hundred thousand palestinians in hebron can move around safely although his brand is the second oldest and largest palestinian city it's also the second most holy site to jews after the western wall for it's a first person in the land of israel this is the very roots not only of judaism but of monotheism. just down the road it's the second holiest site of the jewish people in all the world and only since we've come back this everybody who wants access to that holy sorry. if able to go

a common currency but we have what i call the but in support of perfectly separable debts so every euro debt to the euro zone belongs to a single company unlike the united states where you have a common currency and you have a common dept in the form of the federal governments that in you have those no that whatsoever which is which sounds like you know from and what at least the point of huge sums by each of her debts but when you have a situation where you've got different states that belong to the eurozone and they don't have a federal. government or for that matter but if they go deserve a central bank to back the map at some point when they can't for some reason and of course that is what's that will have them a major crisis when it comes to finance their debt there could have been a isn't the only thing that can do it just go bankrupt default but that would set off a chain reaction of the poles that will bring down of thing so we need a common only good for the modest proposal suggests a very simple way of the central bank of europe the e.c.b. two could be a dark there's a go betw

had euro but it was really say they closed the road because they were afraid somebody would smuggle bombs i asked them how we were supposed to get to our house and they said you can buy a donkey so i told them people are flown to the moon and you want me to buy a donkey or you go home by car. palestinians in hebron are no strangers to vote blocks here in hebron the streets are a maze if you're palestinian there are some streets palestinians can't use at all others they can walk on but not drive and still others they can access only with a permit it's to make sure the seven hundred israelis who live among two hundred thousand palestinians in hebron can move around safely although here brown is the second oldest and largest palestinian city it's also the second most holy site to jews after the western wall corrosive frustration in the land of israel this is the very roots not only of judaism but of monotheism. just down the road as the second holiest site of the jewish people in all the world and only since we've come back everybody who wants access to the horse are. able to go and worship

britain is going to go with the winning strategy be put forward to the government to use in case of a euro exit yes i mean where we're going to publish the winning strategy along with some of the other better entries as well said to be plenty of ideas there for the government's low cards and hopefully come out with a very very sound plan now the prize is aimed at looking at the least disruptive way to leave the euro but there are those that say that leaving the euro zone will be detrimental to the case economy no matter how you do it so obviously i mean there were major upside potentially because the u.k. can then get rid of all this very burdensome e.u. regulation on jobs and climate change and so on all the red tape is suffocating business but obviously key to this is whether we retain very strong free trade links with the rest of europe that's absolutely essential they have great free trade links with europe and the rest of the world will be the key to success in the future dr welling's thank you very. thanks for telling us about the competition now the prize is going to be judged by a

this is also your welcome buy a two point five billion euro bailout tranche for greece has been held back until the country delivers on as the on the last condition demanded by creditors that in bowles transferring and possibly sacking thousands of public sector workers and it's not the first time authors has agreed to make even as an employment increases dramatically in greece and the world financial crisis in two thousand and eight with less than ten percent of the country's labor force up to work and today more than a quarter of the population are left without jobs and was no apparent chance of getting one the latest figures from the finance ministry show another twenty three percent doesn't earn enough to stay above the poverty line and people are looking elsewhere the university after saloniki estimates one hundred twenty thousand people with science degrees have left since twenty ten that's ten percent of the total. reports now on greece's braintree. fortis has a master's degree in engineering management he got in the u.s. and hoped it would help him find a job in greece but fo

the move and called on their supporters to press ahead with their protests egyptian journalist shot euro amine is certain that excluding the brotherhood from the political process will not bring peace to egypt. i think that is a fatal mistake excluding any political faction from the transitional political process is a fatal mistake people were complaining that morsi was in one eyes in the state and now they doing exactly the same keeping the islamists sidelined hoping to push them back underground just a short while ago there was a very brutal crackdown on pro morsi protest is outside the parliament we're already hearing jihadi groups say they will launch. a holy war to defend islam this will have very serious implications. coming up the state of the american economy is up for discussion on cross talk with peter lavelle and his panel of guests. choose your language. fully recover though if they feel some. of the fumes get consensus you can. choose the opinions that invigorating to. choose the stories that entire life choose be access to your office or. limitation and free liquid intake s

the presidency is an economy free from the scourge of unemployment the rescue loan of four billion euros will come from the eurozone and the european central bank the meth is also expected to hand out a further one point eight billion to well to get the money athens has to fire four thousand civil servants by the end of the year while twenty five thousand more must be redeployed rescue funds have been crucial to keeping greece afloat for over three years now as financial expert patrick young points to it's not curing the country's flawed economy though. well unfortunately i've always argued that greece was never going to survive as long as it was in bailout mode because the difficulty is that you know throwing vodka at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely mainly arkell situation where in order to manage to sustain the eur

in greece but in the european union you clearly see in the euro zone a matter what happens next labor unions like your organisation say not going to back down until the troika and brussels sprouts really realise that it's not only about adding or subtracting numbers but about the real lives for real people you've got to start off forty eight. greeks. and of course you can head over to our to dot com for more on the stories that we're covering on air and also for you there you can find out how a world heritage listed marine park on the australian coast suddenly became the target for bombs dropped from u.s. fighter jets and the story behind it is a nazi themed they are the staff and guests dressed as german soldiers which is open for two years before sparking outrage. america's most wanted man edward snowden is awaiting russia's decision on whether to grant him temporary asylum now the ex cia employee who had exposed the u.s. global spying program as well as the secret surveillance operations of a number of european countries has been holed up in the transit zone of a moscow airport for

them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely mainly arkell situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate not to see their law you see political experiment fail and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they are being sacrificed at the altar of a ludicrous national political statement or supra national political statement more money coming the government's ways cold comfort for the many thousands of greeks left sleeping rough having lost their jobs homes and families in the past few years increasing numbers of sort solace in what's called the cocaine of the poor are those who go pers can often finding out more about that in athens for us. used to be out of work now he's still unemployed what also on the heroin is homeless and has aids he's alread

them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely maybe arkell situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate not to see their law you see political experiment fail and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they have been sacrificed at the altar of a ludicrous national political statement or supra national political statement whether you're looking at germany or whether you're looking at the european union as a whole there are lots of things greece can do but ultimately in terms of dealing with the bailout they have a fundamental problem they've gone through seven years of switching recession and effectively all that we're seeing is people starving the poor are getting poorer and ultimately nothing working within the greek economy with greece in the g

them and improve their overall condition really what greece is always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely mainly arkell situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate not to see their law you see political experiment fail and therefore greece is being left just like cyprus just like other countries that have received bailouts like ireland they are being sacrificed the altar of a ludicrous national political statement or supra national political statement more money coming the government's way is cold comfort for the many thousands of greeks left sleeping rough for being lost their jobs homes and families in the past few years increasing numbers of sold solace in what's called the cocaine of the poor. and finding out more about that in athens. used to be out of work now he's still unemployed but also on heroin is homeless and has aids he's already tiny chances of getting a job have

cyprus operation that we spoke about was carried out to actually keep the eurozone going to save the euro. what's going to happen to that i mean do you personally buy your us for example. part of the savings to cross russia or are you are since normal. part of framing savings most of my wife's savings and the snow from our financial accounts the completely transparent in our neurosis well that's. normal for money but most of. ourselves as to when robles not in europe but i think do you ever say if you bend the dollar at this point. about the same i would say about the same exchange rates up and down but. as far as the quality of the currency is concerned both the same us economy is bigger in the. years that is there for is stronger than the european central bank that's clear that's why still most of the finest introductions across all of our. bowlers but you are the second. strongest currency. because of the rising. currency in asia and china. capital control step step by step for year by year you are now. getting stronger and stronger and to become eventually one of the reserve currency

almost twenty seven percent and greece's economic output has plunged by almost one hundred billion euros artie's you've got a piece going off as a story for us. protected by law since the nineteenth century public workers are still considered to be the foundation of the greek economy but its creditors have demanded that the government cuts up to twenty five thousand public jobs before the end of this year otherwise greece is not going to get its latest financial aid package worth over six billion euros so doctors teachers security guards when you spoke police public transport drivers and others have all gone on strike and gathered at the country's problem in athens to fight for their jobs it's just the beginning they have in mind to destroy every public service in greece we need teachers we need people in the health sector sector we need people for the. garbage but of anything the past six years the greek economy has been in recession unemployment is at twenty seven percent but the many of those who do work officially but haven't seen their salaries in months to handle three graduates ar

but the latest retail sales report this morning and disappointed the headline number increase in the euro point four percent expectations were for double that and when you dig into the nuts and bolts of the report it gets worse excluding the auto and gasoline components.

banking system europe's smallest banks have been doing pretty well with no ambition of multi-million euro deals they're sometimes run by just one member of staff parties peter all over had traveled to a small german village to meet one such banker. it's not all big city banks with bailouts bonuses and big shots in rural germany this small town has all its financial needs taken care of by just one man constantly and wants a new war here we only concentrate on people from gams failed if you lived away sorry you can't be a customer in fact the furthest away one of our customers lives is about seven hundred meters. with only nine hundred customers peter believes he can offer something that big banks can't. and he has to personally people get a personal service here i know everyone who comes in of course i do or they're my neighbors this means there is a big trust the aren't just a number or part of a money making machine and when our t. stopped by at this one month bank we found that the man in charge wasn't alone the regulators were going through the books like they do in every other europea

though not joining the euro zone but mired in an ongoing recession and with rising unemployment there are widespread down it's over whether joining this sturdy head blog will actually bring any benefit. in hong kong souses have taken to the streets to denounce the city's chief executive people voice their discontent over his unpopular economic measures that have led to widening income gap and soaring property prices demonstrators also called for democratic reform so they can choose their own top representative instead of one picked by a mostly probing committee the annual rally comes on the sixteenth anniversary of the handover from britain. in the u.s. president obama has praised the nineteen firefighters killed while battling a wildfire that's been raging in the state of arizona the blaze raised through dry brush and grass damaging buildings and forcing hundreds of residents in two towns to flee it's believed to have been started by a lightning strike in a forest spreading quickly and high winds. now the world's biggest gas producers are gathering in moscow to sift through the chall

banking system europe's smallest banks have been doing pretty well with no ambition of multi-million euro deals they're sometimes run by just one member of staff parties peter all over travel to a small german village to meet one such banker. it's not all big city banks with bailouts but mrs and big shots in rural germany this small town has all its financial needs taken care of by just one man. here we can only concentrate on people from failed if you live ten kilometers away sorry you can't be a customer in fact heard this the way one of our customers lives is about seven hundred meters. with only nine hundred customers peter believes he can offer something that big banks can't. and he has to personally people get a personal service here and i know everyone who comes in of course i do they're my neighbors this means there is a big trust they or it's just a number or part of a money making machine. when i stopped by at this one bank we found that the man in charge wasn't alone the regulators were going through the books like they do in every other european bank and. once a year someone c

say it's completely revitalized it's a win win situation great business for costco and millions of euro in tax revenues for greece in fact things have been going so well athens is now considering leasing the second half of the port beijing is once again interested pledging to turn it into the number one seed in the mediterranean from here chinese products are put on trains and then distributed throughout the e.u. so there are no prizes for guessing who wants to snap up the greek railways as well but this chinese takeaway doesn't end all the infrastructure greek food products or virgin all of wall to be exact are stirring up an appetite in china last year the country became reeses number four export market and officials here say they used to think was a long term priority and now it's top of the list so as the troika slams greece with various austerity measures and demands a new job cuts and the reduction of salaries china is storming in on the white children for springing big business said it's considering covering some of that which is great news and a great opportunity for the greek e

germany is russia's major trading partner in europe billions worth of euros of trade between the two countries free every year so it's seriously a quite a big deal economically also this could. a warning shot to chancellor merkel there is an election coming up in september and her main opposition in that election is. now he has called for a change of attitudes towards russia saying that germany should be less combative and more understanding to its russian partners and this is what's been echoed by the business leaders now they've called for a and you strategy from the government they say that they will welcome a strategy that will lead to close the cooperation and closer integration with the russian market now in order to be able to do that they've set out some key aims prime among those they want to see visas abolished between the two countries not just for those coming on holiday but for those wanting to do business in russia in germany now that could be a tricky subject of course germany is part of the shame ganz own it would be understood would be nice to be seen just how they w

faces the full force of mother nature tornado rips through the long haul that's causing millions of euros worth of damage more footage that you're seeing right now available on our web site also. a man who flies besides planes in his own custom made jet pack. in motion section darted out calling for more videos. and i think you're. going to. the u.s. secretary of state john kerry is set to visit pakistan this week but that meeting of what the country's new government is shrouded in uncertainty with pakistani officials condemning the cia drone strikes that continue to be carried out on their soil now some have claimed that rather than destroying the militant groups the unmanned attacks actually feed the extremists ranks well earlier my colleagues haven't spoke to us foreign policy analyst friend brand friend about kerry's visit and how drone politics are affecting the region. he himself just two years ago when he was the head of the senate foreign relations committee it correctly said that afghanistan is a sideshow and of the main event which is pakistan so he understands the importance of