ruining greece until his final fall. that's from one of the tabloids. other papers are saying -- this one says, i will give you everything for my empty chair. it's mr. papandreou's i'm not still sitting here in a chair, i am leaving this government. it's not just about me and my chair. some of the more stayed newspapers like these two says the country is walking on edge, the government is walking on edge. country at the drink. this one simply just says, again, walking on edge. so that's how the feeling is today, the newspapers understand, the people understand it's a crucial day in greece. of course it has so many more implications around the euro zone, don't it, nina? >> it does, you're getting the feeling, jim, where you aring with the greeks are contemplating a future outside of the euro zone at this point? >> reporter: well, you know, we've said it all along, haven't we? there is no way to lead the euro zone, technically. it's not within the treaty. everybody i talk to says we are europeans, we use the euro. i think

, greece, and greece. >> and its impact on the nyse. the development in greece has affected them. the dow jones industrial average was up by a good 1.75%. the pace of growth in the services sector slowed last month. in spite of the games in new york, the crisis in the eurozone continues to weigh heavily on stocks. market closed in positive territory. > what is in the mind of traitors? europe. and that is not just for the past couple of weeks, but months. the reason everyone pays so much attention to what is going on in the europe, one, they are a very important trading partner to the u.s.. and on the other side of it, there is pressure on the euro. the u.s. has been doing everything for years now to keep the dollar value down for export into the u.s. that is why it is so important, what is going on in europe, to wall street. the feeling is that there will not be a referendum. >> and that was james in new york. a meeting in france and not just to talk about greece, but to talk about the wording of more crises. -- thwarting off more crise

what on earth is going on in greece? i wish we knew and so the leaders of every eurozone country because there is high drama and athens. having announced a referendum, the time minister seems ready to shelve the plan. he may or may not have offered to resign. greek politics is dominating the meeting of the g-20 in cannes,. >> at the greek parliament they are waiting and watching, fearful about where this country is headed is is so close we have moved from one to another. >> inside, the prime minister is planning on to power. his call to hold a referendum on the next bailout package provoked this crisis. today, he said it was just a political ploy. >> opening a debate revived people and created a positive shock and brought positive results to politics in this country. i think we should appreciate the different national positions. i hope that this can be the beginning of a new political culture, a new start for all of us. >> some suggest that a deal is being discussed. in return for dropping the referendum, a new national

back to greece. the 340 billion euros of debt have brought upon massive austerity cuts that caused many protests on the streets. the prime minister wants to hold a referendum on the new deal. what do ordinary greeks now make of the focus on their country and the crisis there in? i spoke to in athens have a lihousewife and mother of two. she wants the whole government to go. >> i'm afraid we have the wrong kind of leaders. i do not know if i will leave the country, but i'm not happy with what has been done so far. >> can you explain to us how the cuts have affected you and your family? >> it is so complicated. i do not know where to begin. it is like you are married to somebody. the greek people married the greek politicians of government and trusted them. the marriage was not exactly perfect. ok, nothing is perfect in life. in the beginning, it was small things like being late for work and not bringing enough money home and for getting birthdays. it got worse and worse. you get the feeling that somet

. >> greece is now the epicenter of the european crisis. this will help decide not only greek's fate but the european has as a whole. the next greek bail out package provoked this crisis. >> opening a discussion on the referendum rearrived memory. it create aid positive shock and brought positive results to the political world of this country. >> greece bears the scars of its debt problem. businesses have shut down. 10s of thousands have been parts of massive government cuts. yet still it is not enough. >> i don't think we have dreams for the future in this country. it is bad for us. it is awful for us. >> even though -- from one moment to another. >> at the parliament there will be a vote of confidence in the prime minister. political turmoil is making an economic solution even heard to find. this is far from just a domestic issue. if greece can't sort out its debt problem, europe as a whole cannot contain its growing debt crisis. matthew price, bbc news, athens. >> and of course, that is what is preoccupying world leaders who gathered in

is an exit from the euro zone so if indeed greece does. the eurozone after all these billions in loans who are set to suffer the most will be the investors the politicians or will it be once again the people who are facing a year of devastating austerity cuts all of them all of them will suffer because so we can compare era i think we are very very close to the situation of our argentina beginning of the twenty first century there will be a huge default through each month all those will of course lose a lot of money politicians will of course lose faith face excuse me in greece and interest of the euro zone and of course the people of greece who already have suffered quite a bit in the last two years will keep on suffering for the coming period but the exit from the euro zone i can't stress that enough does at least give them a better perspective on economic growth and future welfare the present situation leads just further down the dark tunnel you're an overdeveloped editor in chief of belgium's two leading political magazines trends and

that greece will. leave the eurozone. well. hardly noticed thing in the in the past days was that there was an opinion poll in greece late last week and if i remember correctly the wall street journal was reporting on it in its monday paper and the result of that opinion poll was that a majority of the greeks would reject the austerity program as put forward in the october twenty sixth twenty seventh summit so to a certain extent mr papandreou is asking a question to which he already knows the answer the answer will probably be no which will be the end of the rescue packages and which unavoidably will mean that the only option left for greece is an exit from the eurozone if indeed greece does exit. the eurozone after all these billions in loans who are set to suffer the most will be the investors the politicians or will it be once again the people who are faced a year of devastating austerity cuts all of them all of them will suffer because we can compare iraq i think we are very very close to the situ

greece, as you imagine, top of the agenda. and these two self appointed saviors, chancellor angela merkel and french president nicolas sarkozy have been saying today and yesterday that greece won't be getting anymore financial support before its referendum. this after george popandreou, the greek prime minister's shock decision earlier in the week to call a referendum. we'll be live to germany about what everybody is thinking about that. first let's have a look at how this is affecting the european stock markets and taking a look at the numbers. the lows were down in excess of 2% at the start of trade. again at the back of all those concerns about what a eurozone referendum in greece could actually mean. still we have the heaviest losses coming from the two eurozone markets, in particular the dax and the cac 40 in paris at the moment. let's have a look at how the currency markets are doing. euro trading flat against the dollar at 1.3687. the japanese yen weakening 78.04 as we can see at the moment. one of the forces behind eur

well greece's referendum decision has really overtaken everything here at the summit it's really forced the hand of those who thought that the e.u. e.u. project and the euro project would continue smoothly really is the strongest indication yet the greece could potentially quit the euro upsetting the whole eurozone project. nicolas sarkozy have summoned george papandreou the prime minister of greece for emergency talks all the situation they want to find out why mr pope and to consult with them before making this decision the prime minister of france france we feel said that it was a concern to him and to regretful that this unilateral announcement had been made he added that the greeks must say quickly and without ambiguity if they want to keep their place in the eurozone or not so strong words that almost soiled lines of the summit the officials here of the of that from the e.u. are trying to persuade greece not to go ahead with this with this referendum they're really concerned of the effect that it could have confidence of investors in the euro zone project and also more specificall

looking to greece, to rome, back to greece. it might be a question of who falls first. >> focus on greece, what will happen if papandreou loses this vote of confidence? >> he has said there is no referendum. in brussels, italy says that in the midst of the turmoil, the what we favor is the one in which there is no referendum. there might be an election in january in greece. the referendum looked like a disaster and they reckon they could withstand it if papandreou doesn not s-- soedoes not survi. another 24 hours is all they can expect. they must stop this referendum push in greece. who knows what the consequences will be if mr. papandreou goes. >> president obama looking rather frowny. how embarrassing was it for the eurozone countries? >> imagine that you have a family dinner and you have varied your squabbles and the guests arrived. they start making problem again is -- problems again. that was mr. papandreou. he was deeply embarrassed and probably more angry than anything else. the chinese and the americans are saying, what

unanimously agrees and excludes the option of greece leaving to heber so. bring this to try to save its fiscal independence at least listen to right now i'd say more than seventy or even eighty percent of greeks want to stay in the european union and want to stay in the eurozone but if things go worse and the options are open we will see if we have to. fight for our fiscal of the presidents with the national congress who will do it what do you say to all those talks he brought up that german policy is directed to towards greece that we don't particularly like and there has been talk about the readers maybe sacrificing greece to save the euro zone what do you what do you say to that i think that's going to be a huge mistake called sacrifice greece to save the. it was a wise is it was old will be saved all together over to collapse all together are you a believer in you do you think it's a liver i believe that if we can have a big and more. comprehensive integration. i believe the united europe. but in this united europe for example i believe that russia must

greece don't feel rightfully represented by this government. by this parliament because they feel that they were tricked in the last elections the socialists were saying we have money we will give you money and they ended up taking the money of the people and now the average salary in greece to days thirty percent less than it was a year ago and the prices so go even higher and higher so. this cannot go on for longer and the greeks need to feel rightfully represented by their parliament and we need a government that is supported by the greek society and that can come only with elections let me tell you what it looks like from the outside it looks like people are afraid of being impoverished and prepared to. are afraid to displease the e.u. leaders the e.u. masters per se how much of a factor has fear become in create politics. where there is a fear for tomorrow we don't know what's coming next and i believe that the whole of europe doesn't know what's coming next now everybody realizes that it's not just the greek problem it's a european proble

greece would have to leave the monetary union. these questions are hitting the capital markets. >> the bombshell from over the atlantic's and u.s. markets tumbling. the dow jones industrial average closed lower and did not recover on tuesday. >> also a rock above the damage to the frankfurt stock exchange. -- also a wrapup of the damage to the frankfurt stock exchange. >> people are still speeches and aghast at what they have been hearing from athens -- speechless and aghast at what they have been hearing from athens. people are still scratching their heads, asking what is going on in greece. a lot of people are downright angry at the prime minister. he is risking a lot, not only for his country, but also for the eurozone and the banks. financial shares were the hardest hit. all of the shares in the dax were on the losing side. people are fearing real consequences for the real economy out there, if you will. banks are the hardest hit. it could have an effect on credit and dampen the economy. >> let's take a quick look at the marke

greece's position cannot be put in doubt. this achievement by debris people cannot depend on a referendum, he said. on monday the prime minister george papandreou surprised the other leaders of the euro zone when he said he would hold a referendum on the greek bailout deal that had been hammered out last week. he is standing by the decision for now. >> being part of the euro zone is having rights but also many obligations. i believe it is crucial that we show the world that we can live up to our obligations. we can live up to these obligations. this is crucial for our future participation in the euro zone. >> increthere will be a cabinet meeting as the prime minister looks to avoid a potential collapse of his government over the referendum plan. if the parliamentary votes of confidence is expected on sunday . president obama arriving in france for the summit this morning, greeted by many. recognition all around the gathering of leaders with such a tyrol to play in hopes for recovery of the world economy cannot afford to be di

unanimously agrees and excludes the option of greece leaving to give us a. bring this to try to save its fiscal independence at least listen to right now i'd say more than seventy or even eighty percent of greeks want to stay in the european union and want to stay in the eurozone but if things go worse and the options are open we will see if we have to. fight for our fiscal of the problems with the national conference who will do it what do you say to all those talks you brought up that german policy is directed towards greece that you don't particularly like and there has been talk about the readers maybe sacrificing greece to save the euro zone what do you what do you say to that i think that's going to be a huge mistake called sacrifice greece to save the. it was i says the eurozone will be saved all together all it will collapse all together are you a believer in you do you think it's a liver i believe that if we can have a big and more. comprehensive integration. i believe the united europe. but in this united europe for example i believe that russia mu

within greece, that is proving to be very difficult to manage. we have seen that same problem in italy. there are many europeans who feel that they have not been spoken to truthfully by their politicians over a couple of decades now. politicians have known this moment was coming and yet they continue to pretend to their populations that changes were not needed. i think there is a big disconnect between society and the elite, the politicians. >> this is so fascinating that this is the same conversation we have had over in europe and in the u.s.. they probably have other things to discuss at the g-20 summit but you would not know it. the drama continued to dominate. president obama urged europe to take aggressive steps to fix the crisis. all that president sarkozy could do was a pledge to defend a common currency. >> it was not meant to be like this. the summit that sarkozy has chaired has not done what he wanted or what they wanted. the prime minister said there were six weeks to save the euro, the six weeks are up and the euro is certainly not sa

greece. a new one is flaring up in italy. in national and unity government gives way and in greece -- a national unity government gives way in greece. the pressure piles up on the prime minister of italy. >> 6.6% interest rate for money is unsustainably high. the bureau's own countries that had to be bailed out -- the year wrote zone countries that had to be bailed out. -- euro zone countries that had to be bailed out. >> welcome to all "gmt -- welcome to "gmt." also in the program, international protection for the un to actually listen. a test of systems that could be one day be a dominant feature that could be on every car. midday in london, 1:00 in the afternoon in rome. after days of seeing the spotlight on athens, the focus of anxiety is shifting to events in italy. the government is being charged a huge interest rates. more on that in a moment. first, we start with greece. the makeup of the new government with national unity is taking place. >> thank you very much indeed. hello from gre

greece and all the people living. for the health problems. like a pianist. to give it to give them happiness to give them. so they can escape from the problems of greece may be on the verge of leaving the euro currency but they are very much still in the euro two thousand and twelve championships seven years ago they shot the continent has altered the hog's men when. terms when the tournament next year will be playing in poland and ukraine and what a boost it would be to the people of greece a better side to repeat the heroics of two thousand and four richard n. bolles lead r.t. athens. stay with football and for places a still available next summer zero twenty twelve championships with four playoff fixed is also taking place this friday and former russian manager has hiddink is hoping to lead turkey to a first leg advantage as they host croatia. they are very keen to play these two make cheese. of course against the well respected opponent an opponent who has also history with the key in their in the past. but i think gauge a well respected opponent because

that doesn't happen in a month greece can pay the salaries and the pensions. more than three or four million people. so it's going to be a tragedy that's going to be a greek tragedy and it's not going to be only greece you know that it's gotten the have a domino effect in the whole of europe already you see that the problems are getting very serious in italy. spain was already in the picture now france is starting to feel the shock waves and germany had. a message to try one germany try germans tried to sell their bonds and they did manage so i think we must. decide to face this problem all together but do you feel like among all this financial problems craze has lost its financial independence stories soon to listen when we don't have the money to pay their wages the salaries and the pensions because we are dependent and we want to get over this phase where the quickest possible because everyone in greece unanimously agrees and excludes the option of greece leaving to here were so. bring this to to save it's fiscal independence at least listen to right now i'

that means greece will not default. it means greece will not exit the euro area. this means greece, along with the other debtor countries-- ireland, portugal, spain, italy-- has unified domestic political support for cooperating in a resolution of the issue. that was the one thing missing in greece before, so don't worry about who is going to be prime minister. the confidence vote tomorrow. the issue is now resolved. both major parties support the deal, and that means it will, clearly, go forward. >> susan: you know, every day, we get conflicting reports will of the status of the overall european debt crisis, and the status of solving all of this. one day there's a deal, and the next day it's off. can europe come together to solve this financial mess, and how much longer before they have a solid deal? >> i think europe always does come together to do enough to deal with the current phase of the crisis. they have not been able to get ahead of it, but they have every time come up with enough money, enough program to avoid a really severe crisis. the problem is that

news out of greece. with the markets being that if the question of the european debt deal, if it is put to greek voters, is the market thinking that greek voter res going to vote yes? is that why we're seeing so much green on the screen? >> that's one of the reasons. it's just basically at the end of the day it's a trillion dollars, we don't know where that money is going to come from. we don't know where the money is going to come from. but you know we're watching, also, that there's so many elections coming out, not only here in america, but in europe, the more investors, the more this thing gets bogged down. there are elections in spain, in italy, in greece. so things could change so quickly over there that you see in the public staying in the background right now. >> and the u.s. obviously has its own issues. fed chairman ben bernanke coming out yesterday saying, we have to expect slow growth and unemployment staying high for some time. it doesn't really connect. >> it looks like it doesn't. but reme

unanimously agrees and excludes the option of greece leaving to heber so. bring this to try to save its fiscal independence at least listen to right now i'd say more than seventy or even eighty percent of greeks want to stay in the european union to want to stay in the eurozone but if things go. and the options are open we will see if we have to. fight for our fiscal of the problems with the national conference who will do it what do you say to all those talks you brought up that german policy is directed to towards greece that you don't particularly like and there has been talk about the readers maybe sacrificing greece to save the euro zone what do you what do you say to that i think that's going to be a huge mistake the concept of greece to save the. it was a wise is the eurozone will be saved all together all it will collapse all together are you a believer in you do you think it's a liver i believe that if we can have a big and more. comprehensive integration. i believe the united europe. but in this united europe for example i believe that russia must

greece and all the people living with. the health problems. like a terrorist. to do it to give them happiness and to give them. moments that they can escape from the problems. he's maybe on the verge of leaving the euro currency but they are very much still in the euro two thousand and twelve championships seven years ago they shot the continent as alternate hard as men went on. when the tournament. be playing in poland and ukraine and also boost it would be for the people of greece the best side to repeat a hero except two thousand and four richard pombo three don't see athens. stay with football where four places are still available at next summer's euro its one to twelve championships with four playoff fixtures also taken place this friday and the former russian manager guus hiddink is helping to lead the first leg advantage as they host croatia in a very keen to to play these two matches. of course against the will respect its opponent an opponent who has also history with two key in their into past. but i think it's a well respected opponent because they a

how much longer will it take greece to form a new government? the international monetary fund is seeking clarity. >> political clarity is much needed in greece. it is much needed in italy. there are clearly some rumors, allegations, trepidation, expectations. no one really understands who is going to come out as the leader and winner. i think that confusion is conducive to volatility. >> in greece, more talks under way on naming the new prime minister. the front-runner a right to see the president this morning, but there's a dangerous power vacuum and greece is running out of time. in italy, people have been left guessing what they're politicians will do to resolve the crisis. there have been efforts to calm the money markets after its borrowing costs rose to levels regarded as unsustainable. the president has said there should be no delay in passing the economic reforms demanded by italy's eurozone partners. elsewhere in europe, there's a mood of anxiety about what is happening in italy. >> its current state is a clear and present danger to the

obviously change camus is one of the country's more modern stadiums where greece will take on russia in a friendly much on friday were great fans of summer's passionately in europe and even despite the economic crisis which is crippling their country they're still turning out in the tens of thousands to watch my favorite teams play but said a crowd of only fifteen thousand this expected to watch russia's friendly game on friday but small turnouts has little to do with the current economic situation. after winning you are two thousand and four the initial sign is something really special for the greeks but the club culture is much more developed and the rivalry between the n.p.r. corps political night course. is more important when then defending champions of two thousand and six easily came to play in greece only five thousand people turned out to see the strongest national side in the world. without a doubt supporters playing a vital role in helping the people of greece previous very difficult period of their lives and their heroes understand they have an important role to play in h

all greece and all the people living there is. the whole problem. the only thing we can do in life like a team is to. give it to give them happiness you know to give them. moments that they can escape from the problems. raise may be on the verge of leaving the euro currency but they are very much still in the euro two thousand and twelve championships seven years ago they shot the continent as also really hard as men went. when the tournament. be playing in poland and ukraine i'm also boost it would be to the people of greece it better side to repeat a heroic so two thousand and four richard pombo please don't see often. and stay with football where four places are still available at next summer's euro its once its all championships with a four playoff picture is also taking place this friday and former russia manager goes hiddink is helping to lead turkey to the first leg advantage as they host croatia. they are very keen to to play these two matches. of course against the will respect its opponent an opponent who has also history with the key in t

that the people of greece would vote against taking another bailout from the e.c.b. in return for more punishing austerity measures pension cuts job cuts and continued degradation of their economy so so they knew where the vote was going to lead which is why as you mentioned just a moment ago they basically packed on two to five and radio and said you know that was a really dumb idea we're not going to let that happen and you know we don't want you anymore and so you have this this potential no confidence vote which could kick him out of office and the reason that it is so scary that the people of greece could vote against the bailout is because there is a tremendous amount of money on the line and egos on the line and political policy on the line the money on the line is because the international banking community has been betting against not just greece but a lot of the peripheral countries in europe in general through the credit derivatives market on anything that looks like it could be a bet not not just greece is just on the docket right now and it will it will

greece don't feel rightfully represented by this government. by this parliament because they feel that they were tricked in the last elections the socialist was saying we have money we will give you money and they ended up taking the money of the people and now the average salary in greece today's thirty percent less than it was a year ago and the prices so go in kyra and higher so. this cannot go on for longer and the greeks need the right to be represented by their parliament and we need a government that is supported by the greek society and that can come only with elections let me tell you what it looks like from the outside it looks like people are afraid of being impoverished and prepared to. are afraid to displease the e.u. leaders the e.u. masters per se how much of a factor has fear become in create politics. where there is a fear for tomorrow we don't know what's coming next and i believe that the whole of europe doesn't know what's coming next now everybody realizes that it's not just the greek problem it's a european problem it's th

ratio is a much larger economy people are comparing it to greece saying it's going the way of greece we see bond yields by to levels that people are calling unsustainable and they're passing their i believe third round of austerity in six months and some people argue that italy unlike greece is too big to fail so what do you do about that. but a lot of people think it's going to fail because berlusconi represents essentially two groups one is. the mafia in the south and the other is the northern. country cities that essentially want to withdraw from europe our. european community as they wanted to all along so the question is whether italy can really are all together under perilous journey that's why his position is so plenty of us now they believe that under berlusconi italy has become ungovernable and that by under government or they mean that it doesn't the government doesn't have enough power co who are imposing austerity to squeeze a debt to pay the european central bank which is using european funds to repay the french banks and the dutch banks and of german banks so that the a

the fate of the eurozone is now firmly in the hands of greece. this may will finally bring it to a head i think the europeans have been patching things up and patching things up and it's now getting to the crunch point. and the deal that was reached last thursday was was a nothing deal really because it doesn't address the fundamental issues that there is too much sovereign debt in the us and it's unsustainable in my view the best the best option for the greeks is to default of course that there is a much bigger financial consequences for the for the rest of europe and for the rest of the world if that happens but if we're talking about what is in the best interest of the greek people then then then that's probably the best outcome effectively a greek default and then you have to look at who actually owns the debt and that's principally owned. by other sovereigns by the e.u. and by by the banks and pension funds and the consequences of that is that it would make the financial system the banking system much less stable and the worry is of the snow

there the people of greece would vote against taking another bailout from the e.c.b. in return for more punishing us parity measures pension cuts job cuts and continue to radiation of their economy so so they knew where the vote was going to leave which is why as you mentioned just a moment ago they basically packed on to the pub and rail and said you know that was a really dumb idea we're not going to let that happen in your we don't like you anymore and so you have this this potential no confidence vote which could kick him out of office and the reason that it is so scary that the people of greece could vote against the bailout is because there is a tremendous amount of money on the line and egos on the line and political policy on the line the money on the line is because the international banking community has been betting against not just greece but a lot of the purple countries in europe in general through the credit derivatives market on anything that looks like it could be a bet not just greece greece is just on the docket right now and it will it will move ar

project and the euro project would continue smoothly really is the strongest indication get the greece could potentially quit the euro upsetting the whole eurozone project and nicolas sarkozy have summoned george papandreou the prime minister of greece for emergency talks on the situation they want to find out why mr pope and drove to consult with them before making this decision the promise to france for feels that it was a concern to him and to regretful that this. had been made he added that the greeks must be quickly and without ambiguity if they want to keep their place in the eurozone or not so strong words there on the side lines of the summit the officials here of the of that from the e.u. are trying to persuade greece not to go ahead with this with this referendum they're really concerned of the effect that it could have on both confidence of investors in the eurozone project and also more specifically what it will do if there is the no votes and the greeks decide to sort of split and not go ahead with this whole bailout deal leaders had promised here at the cannes summit to r

s largest economies from following in the footsteps of greece and portugal. bombing for billions companies from countries that too part of the. look to cash in on reconstruction lucrative contracts in the pipeline have sparked new questions over the real motives for the military strikes . russian space aspirants are struggling to face technical problems and boarding probe launched martian moon a few days ago the ambitious interplanetary mission was aimed at getting a soil sample from the moon to obtain a better knowledge of how the universe of all. god is next year narky and today we're exploring the russian capital through the eyes of business travelers. he's telling. me. dynamic. to friends a. month ago. a . trusted secretary that a welcome to the show this week for them to take a look at the business the seventy's and locations in the russian capital every week thousands of business bad i women come to moscow for various meetings conferences and situations and most stalls off by riding one of the bus cars made and poles terminals there are three internatio

unanimously agrees and excludes the option of greece leaving to heber so. bring this to two to save its fiscal independence at least listen to right now i'd say more than seventy or even eighty percent of greeks want to stay in the european union and want to stay in the eurozone but if things go worse in the options. open we will see if we have to. fight for our fiscal of the problems with the national congress who will do it what do you say to all those talks he brought out that german policies directed towards greece that we don't particularly like and there has been talk about the readers maybe sacrificing greece to save the euro zone what do you what do you say to that i think that's going to be a huge mistake the concept of greece to save the. it was a either the eurozone will be saved all together all it will collapse all together are you a believer in the new do you think it's a liver i believe that if we can have a big and more. comprehensive integration. i believe the united europe. but in this united europe for example i believe that russia must h

the mail just programs in greece bringing the total economy. discovery to be. communicated with you want to. test yourself and become free. nature can give you. the latest news on the week's top stories on our team in the apec summit in hawaiian sees asia and the pacific brands most powerful economies start work on a possible game changing free trade zone this as tensions rose between beijing and washington which some analysts put down to point scoring ahead of next year's u.s. presidential election. the prime ministers of both italy and greece fall a new governments are appointed as their countries drowning in debt mario monti has taken over in italy and lucas papademos and greece both are likely to head out tough technocratic governments and implement unpopular economic reforms. plus a un report claims around might be seeking to obtain a nuclear weapon but slams the allegations as if it was back to smear campaign iranian lawmakers are now reconsidering their country's cooperation with the i.a.e.a. which they're calling a disappointment. i'll be back with an u

in these fronts and to greece where it's been confirmed the prime minister's proposed referendum on the latest e.u. pain will go ahead george happened to call shocked leaders and spark chaos on world markets and even came as a shock to the greeks themselves with pro bono and he's calling for his immediate resignation jim is now due to fly to the g. twenty meeting can you explain his actions to german chancellor angela merkel and french president nicolas sarkozy she sponsors of reese's financial life support machine that she was the founder and editor in chief of the daily mail dot com has told me earlier that he believes the referendum is greece's last chance of retaining its sovereignty. i'm not sure what the actual personal motivation was that george papandreou had to make that move but i for one forced the move and i believe that the people of greece should be the ones who determine their future and not the euro kratz who who are trying to regain it to gain even more control and centralized power over the various nations stays within the rules and the fact is you cannot take these va

ready for greece. where a friendly match will take place head of the next summer's year olds once it's well . while counting the cost we'll look at russia's opponents greece and discover how sport has helped give the recession his country something to cheer about. and another record falls russia's not just sets a new world market the weightlifting championships in paris. but was start with football where russia had been training ahead of friday's encounter with greece even though their session didn't start in the dark. head coach has called up to new faces to the squad to face greece with pride strikers. and alexander cook or in both hoping to win their first caps for the russian senior side the dutchman is short of striking options as both. are still with injuries meanwhile faith is still likely to star in goal as first choice number one get i can faith is still a long way off making his return to competitive football after a serious knee injury others are caught says he will resist the temptation to

capital markets believes greece has played and danced a trick on its. last week's summit it was a pretty serious hard line from european leaders saying there will not be any harder for coming out of greece with this announcement because it's a question of whether it really will be the case or not resigned as a sizeable redemptions that it has to be to december requires snoopy would soften not just the currency trench of credit perfectly but also the subsequent trend and even then it's clearly could be to scream and so and clearly it is this announcement is what is now going to help the center in two or three years and will for washington and brussels for the beatles and so if it's in a short term we're going to see a lot more volatility a lot more uncertainty a lot lot more seesawing as we have seen over the past week so fortunately. that's a look at the market's reaction now in europe investors rush to sell equities on tuesday particularly the already beaten down banks the folks who lost over two percent a close while the dax fell five percent french b