." >> and greece will not get any more bailout money until the greek referendum clearly shows the greek people want to remain in the euro. that is a tough message from the french and german leaders backed up by the head of the imf. they have agreed to rescue the greek economy and with negotiations. papandreou's announcement of a referendum has thrown a leaders into crisis. >> the french president and the german chancellor were furious over his decision to impose a referendum on the greek bailout that was agreed to in brussels last we. mr papandreou did not expect to be told by nicolas sarkozy that if the greek people vote against the bailout, they will not get a penny from the eurozone. >> is up to us to decide whether or not there should be a referendum. all we're saying is that we cannot spend and commit european taxpayer money, german, french taxpayer money. we can only commit the money if the rules unanimously adopted in brussels at the summit on the 27 of october are respected to the electorate if that is not the case, the imf will not disperse aid. >> angela merkel could not hide

there's the greek bailout. the other two main things are shoring up the banks, which are suffering right now because the values of greek debt and italian debt and other countries are devaluing and shrinking their balance sheets and it's limiting their ability to lend, which inhibits growth. the other thing is try to boost the firepower of the stability funds in order to convince the markets and convince china that it had agreed on a problem. none of those things are in place if greece is not accepting a plan or not even sure whether it wants to stay in the euro zone. what they hope to get to at this meeting is a plan for growth so some of the debt could be paid back, so austerity measures would not be so draconian. it seems unlikely they will get anywhere close to discussing that now. >> distorts the change here, the idea that a country might exit the single currency. an exchange gold nature of the talks. >> it has. many economists suggested this even two years ago, but political leaders refuted the idea that i

the future of coverage greeks are set to vote for the e.u. bailout deal as soon as possible and as the country's economy teetering on the brink of collapse austerity hit public is struggling with poverty and unemployment now frustration also being taken out apparently on the immigrant population in the country as artie's sarah furthur ports from athens. on the streets of greece protests have become a common occurrence this gatherings not one of the usual demonstrations. ever gratian frightened of the ethnic tensions here in the city evident and becoming more and more of a concern if the last few years illegal immigration into europe increased in particular has skyrocketed the greek economy has plummeted the crisis led to unemployment poverty creasing to a lot of people not being able to make ends meet face to these tough economic conditions it's not just extreme factions a society that has seen a rise in the current sentiment but every day greeks he faced with exceptionally tough social circumstances have begun to point the finger of blame. o

this story is bigger than any greek story or bigger than a greek tragedy

let's go over to the greek capital and to jim bolden. so jim, we have the government is dead, long live the new government. the prime minister is bowing out but we don't know who the next one is. >> reporter: no, we don't know the next government, the next prime minister, though, local shares are higher and you know, bit end of the day today we should know who this caretaker will be, who will be the statesman who will run it through mid-february. it will be, more importantly, the make-up of this government when you have the lead party and the main opposition party agreeing yesterday to at least try to put together a government and they would then be able to push the austerity package through. this morning, anyway, charles, it looks as if the two main parties have tried to agree to get that austerity package through. the markets are shifting their focus right to rome where it should. >> is anyone being mentioned as a caretaker prime minister, jim, and what will be the runners and riders? >> yep. even up to last thursday, the former vice c

greeks are set to vote for the e.u. bailout deal as soon as possible and as the country's economy teetering on the brink of collapse austerity public is struggling with poverty and unemployment now frustration also being taken out apparently on the immigrant population in the country is our chief sarah furthur apart from athens. on the streets of greece protests have become a common occurrence this gatherings not one of the usual demonstrations. ever gratian phrase the epic tensions here in the city. and of becoming more and more of a concern over the last few years illegal immigration into europe increase in particular has skyrocketed the greek economy has plummeted crisis late. on employee property seeing a lot of people not being able to make ends meet face to these tough economic conditions it's not just extreme factions a society that has seen a rise in anti immigrant sentiment but every day greeks he faced with exceptional circumstances have begun supports the finger to play in. the streets of athens has now becom

government hangs in the balance facing an ice age confidence vote right now the greek need to address the parliament during a government of national unity and advocating the debt deal struck with the u.s. and leaders as you noted many of his supporters of the plans for a bailout referendum which later cancelled correspondents arafat is across the latest for us in after. their sorry thank you very much for joining us so you've been in the parliament listening to pop intros speech would have to have to say in his defense. would just pop into dressing the parliament over the last hour and cools for a coalition government the head he said that he was going to be speaking on saturday to the president and discussing the possibility of forming a coalition government we've actually got the immediate response from not so far from the communist party they're the first ones to respond to that they said that a coalition government would last about two years and some of the other things that jewish have and jay said to the parliament gathering was that he wanted to go further he was busy he mentio

what might happen if g greek voters reject the deal? >> effacing know, it is possible greece would have to leave the monetary -- if they same y no, t is possible 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

what might happen if greek voters reject the deal? >> effacing know, it is possible greece would have to leave the monetary -- if they same y no, t is possible 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

you're a greek-american. >> i am half german and half greek. i am so furious at myself right now about all that's going on. >> give it some time it will reach everywhere in europe and here. >> so tired of bailing myself out. >> we'll take a break. when we come back, i want to know what life has been like at home watching the world go by. if not media or contemporary news. we're back with tina fey right after this. i also have a question about a quote i read in your book. >> you didn't read it. >> of course i did. . >> next on 11 news -- >> a man opening fire in an office park. >> plus, >>> we're back with tina fey. here's the quote we mentioned before the break. ego main yaks of average intelligence or less often end up in the field of tv journalism. now, what on earth would -- yes? >> hear me out. in the book i was talking about how you don't want to tell anything serious or personal that happened to you, you don't necessarily want to talk about it in interview because then it's fair game for every interview you do, ever, for the remainder of

leaders left stunned by the greek cabinets decision to hold a referendum on the latest belo deal with some predicting the voters may reject the rescue package and spark the euro zone's downfall. a moment of truth for the world's most famous whistleblower wiki leaks founder julian assange get away from the high court decision on his extradition to sweden over controversial sexual misconduct charges. and so levin am in moscow i match reza good to have you with us here on r t our top story more than ten thousand people have marched in nice to protest against the g twenty summit that will take out thursday further down the coast in cannes the crowds are angry by the current financial system and reinforced by the global occupy movement demanded governments a focus on people more than corporations as artists daniel bushell reports this time world leaders may find it even tougher to ignore the outcry. g twenty host from says it wants the summit picturesque mediterranean coast to reflect the importance of emerging nations in the world but this financial crisis deepens in both the u.s. and eur

you're a greek-american. >> i am half german and half greek. i am so furious at myself right now about all that's going on. >> give it some time it will reach everywhere in europe and here. >> so tired of bailing myself out. >> we'll take a break. when we come back, i want to know what life has been like at home watching the world go by. if not media or contemporary news. we're back with tina fey right after this. i also have a question about a quote i read in your book. >> you didn't read it. >> of course i did. . >>> we're back with tina fey. here's the quote we mentioned before the break. ego main yaks of average intelligence or less often end up in the field of tv journalism. now, what on earth would -- yes? >> hear me out. in the book i was talking about how you don't want to tell anything serious or personal that happened to you, you don't necessarily want to talk about it in interview because then it's fair game for every interview you do, ever, for the remainder of your short-lived career. so, you know, it's mostly -- certainly not anyo

a greek government spokesman says the deal will have to be clear before the greek people can vote on whether to accept it or reject it. >>> even if papandreou manages to keep his job after that confidence vote, the referendum could prus a no vote on the debt deal. a little earlier our max foster asked harvard economics professor ken rogoff what might physical if that happen follow if that happens. >> it's clearly in bankruptcy already, but it might really catalyze into something more disorderly very, very fast as opposed to over another year or two. it's hard to know what direction it will go. certainly there's a distinct possibility that over the longer term greece will end up out of the euro back on the drogma. >> what impact would that have on europe and the rest of the world? >> you know, the big question is where is the firewall? where is germany going to draw the line? are they going to protect italy and spain in a? are they going to protect the banking system? so far their strategy is to say everybody's fine. they've even gone to absurd lengths to call the 50% write-down force

that has got to before the greek people in greek politicians. we can make sure the world is prepared for any outcome. we can make sure that the eurozone fix up their responsibilities, as i have said, and stand behind their own currency. when it comes to the rest of the world, including europe, china, japan, and the like, we have got to make sure the international system remains stable and can deal with big shocks. that means making sure institutions like the imf are ready to deal with what ever is thrown to them. >> the chancellor of the exchequer there. let's speak with our economics correspondent. it's hard to think of a situation where such a tiny economy, relatively speaking, like greece, has commanded so much attention of the world's leaders. >> indeed. you might say that the first it was very much about greece. i'm sure officials and leaders here are focused on the confidence vote. another conclusion that came about yesterday is that they cannot hope to control what's going on in greece anymore. their emphasis now has to be on hoping for t

your financial advisor at around wealth management thinks if the greeks vote against the belo deal it could signal the end of the euro zone. this may well 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 to 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. debt in the u. and it's unsustainable in my view the best the best option for the greeks is to default of course that there is 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 as probably the best outcome effectively a greek defaults then you have to look at who actually owns the debt and that's principally. 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

the greek prime minister agreed it was a very big deal for his country, but said it also meant the greek people would have to make huge sacrifices for years to come, and that is why he proposed the referendum on the bailout. >> i felt it was important that the greek people make a decision on these important developments and decisions that we made on october 26. it is their democratic right, and the greek people i believe armature and it wise to make the decision that is to the benefit of the greek people and the country. >> the greek prime minister is not the only european leader in trouble. pressure is also mounting on the italian prime minister. cabineterlusconi's decided to back some of his proposals to deal with italy's mounting debt. he will at least arrive in cannes with a plan. >> what the greek prime minister expresses confidence that his people will vote to remain in the eurozone, there have been warnings that a no vote in the referendum could lead to an economic crisis on a global scale. our editor explains. >> the eurozone's financial crisis started increased 19 months ago and

twenty summit in cannes as world leaders gather to contain the global financial mayhem on the greek announcement of a referendum on the future of the euro zone has only fueled the flames. results of the investigation into september the plane crash that killed a russian hockey team name pilot error as the cause and speak of traces of a strong sedative in the co-pilot's. a very warm welcome here this is r.t. live from moscow with me to show we can leaks founder julian assange may find himself on the swedish soil very soon after losing his battle against extradition from britain where they will have to answer sexual misconduct allegations which he denies and describes as politically motivated. smith was at london's high court. but he's certainly one step closer to the plane following today's proceedings this rejection of his appeal against the extradition it's not certain that he will. he has said that he will appeal he's got fourteen days to do that but an appeal is no longer all sematic he has to be granted permission by the high court to appeal to the supremes who is the highest court in the lan

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 unity will be formed followed by fresh elections. the opposition leader is still gunning for the prime minister. wondering, mr. papandreou almost destroyed greece and europe, the europe, international stock markets, his own party in order to ensure what? so he could blackmail millions of the public. >> rumors persisted tha

greek said to vote for the e.u. bailout deal a.s.a.p. and as the country's economy teeters on the brink of collapse the austerity head public struggling with poverty and unemployment now their frustration also being taken out apparently on the immigrant population as arkansas referred to reports from athens. on the streets of greece protests have become a common occurrence this gatherings not one of the usual demonstrations. ever gratian for a time the epic tensions here in the city evident and becoming more and more of a concern in the last few years illegal immigration into europe increased in particular is skyrocketing the greek economy has plummeted the crisis is laid. on employment property seeing people not being able to make ends meet face to these tough economic conditions it's not just extreme factions a society that has seen a rise in anti immigrant sentiment but every day greeks he faced with exceptional circumstances has become a point the finger of blame. on the streets of athens has now become a kind of limbo for illegal im

george papandreou took on some of the vested interest in greek society and the greek economy. the chances are that he will lose his job. >> that is true but at this point, let's put yourself in his shoes. you are called back by the rest of the eu prime ministers and by nicolas sarkozy and barack obama and being told, listen, this is what you will do. you see so much of your sovereignty in being part of this experiment. greece is a democracy. you cannot tell your people to keep taking these lumps if there is no i -- light at the end of the tunnel. >> the greek people on the verge of deciding to leave the restrictions of the eurozone. that is better than what they might face which is a decade of recession, job cuts, unemployment, tough times. >> this is like choosing between toxic waste and medical waste. neither one is ideal in both situations will be terrible. in the past, there was a silver lining to defaults. your currency would be much cheaper. suddenly, you could export your way out. countries like argentina and russia have come back and thrived. will this cause a run off

the greek finance ministry estimates the actual amount is enormous. >> many of the greek banks, they prefer to move sometimes their money into different directions. believe me, it is not the normal people moving from here to there. that can work much more easily than a normal person. at the companies are moving at investing money. >> this person visits his neighbor, who owns a small furniture factory. greek businesses have created 100,000 new jobs, most of them in manufacturing. the move to bulgaria has clearly given them a second wind. >> if i was a young man, i would not mind a young bulgarian lady, but i am too old for a new wife. >> greek companies are popular among local workers. some pay double the minimum wage. this person's wages are four times lower than in greece. but he says it is a situation where everyone wins. >> in my village, there are only to be a furniture makers. some of my relatives have worked there for years. there were no jobs for young people, so a lot of us went to greece and have come back. >> from furniture to printed textiles, most of the products made her

now max as we are all greeks you must say that in greek you must deal you. you must deal with. and i always thought what i was saying was i mean another cup of coffee i thought that's what i was saying i don't know you sound like a lady and you a soc gen says that no one can claim to be immune from a greek style spiral why because our economies are mature and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're aging i think it's because we have too much crime too much banking crime too much debt. well that's this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by banking crime you know member ten years ago it was the antiglobalization movement and then they figured out you know what let's let's get more specific error it's actually wall street it's actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork. but so

the greek prime minister plans to hold a referendum on the deal. the decision has sparked a political and financial firestorm. our business editor has the coverage. >> the spinning wheel of fortune determine whether the bets made by the leaders was the rescue plan and lead to crisis or recovery. it is here in greece that the new threats to the eurozone has a rich and -- has arisen. george papandreou said that there would be a referendum on the bailout deal. >> this is a failure of the government which is wanting to pass on its failure to the greek people. >> why are they holding a referendum after everything has been decided? >> i don't think that this will help. >> what the greek government has been off their as 100 billion euros in additional bailout loans. also a reduction in what they have to be paid banks. there will be cuts in the public sector, higher taxes, and years of declining wages, serious sacrifices. even if all of that goes to plan, that would be 120% of what the country produces and that will make it extremely difficult for the gree

the ever changing greek drama took center stage in camp for the g. twenty meeting hero host nicolas sarkozy protecting what he calls the beating heart of europe till the end suppositions a resolution which is very strong angela merkel and i agree on this and we will fight to defend europe and the euro. france and germany took action with this message to greece play by the rules or get out the greek prime minister made a cameo appearance in cam returned to athens and cancelled an improv referendum that would have more last allowed the public to decide if they stay or if they go when it comes to the euro perish the thought that they should be allowed to decide whether they want these things leaders say it is to agree to will surely be greece is an independent country and i just want to say they are perfectly free i don't want to give any idea that we are trying to get in the greek domestic politics. but france has given some exactly that idea it is no longer an independent country and has been for a while and the conversation is always on what we need

now if the greeks vote against the deal, the future of the whole eurozone looks in doubt. but eurozone's wheel of fortune is now determining whether the debt made by its leaders will lead to a crisis or recovery. it is here in greece that the new threat to the eurozone's future has arisen with the unexpected announcement by the greek premier there would be a referendum on europe's bailout deal for his country. this new obstacle for the ratification of the eurozone rescue deal came as a huge shock to eurozone leaders. >> this announcement has surprised aholt of europe. france wishes to restate that the plan adopted unanimously last thursday by the 17 members of the eurozone is the only possible route to resolve the problem of the greek debt. >> what the greek government has been offered is 100 billion euros of an additional bailout loans and a reduction in 50% of what it has to read dave thanks, but now the cut in public services and -- white in has to pay back thanks -- what it has to pay back banks. even if it does go as planned, the debt will still be 120% of what they p

now max as we are all greeks you must say that in greek you must be. even. and i always thought what i was saying was i mean another cup of coffee i thought that's what i was saying i don't know you sound like a lady and you a soc gen says that no one can claim to be immune from a greek style spiral why because our economies are mature and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're aging i think it's because we have too much crime too much banking crime too much debt. well that this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by banking crime you know member ten years ago it was the antiglobalization movement and then they figured out you know what let's let's get more specific here it's actually wall street it's actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork but soc gen should talk

now max as we're all greeks we must say that in greek you must feel you know you must be only. and i always thought what i was saying was i need another cup of coffee i thought that's what i was saying i don't know you sounded like a lady and you a gent says that no one can claim to be immune from a greek style spiral why because our economies are richer and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're aging i think it's because we have too much crime too much banking crime too much debt. well that's this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by banking crime you know remember ten years ago it was the anti-globalization movement and then they figured out you know what let's let's get more specific here it's actually wall street it's actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork but stopped and should tal

him back after three years almost that the case was going on the spend over twelve months in a filthy greek prison and the case when it was finally brought to court what with the magistrates and the prosecutors on striking greece the case seemed to last forever although he was only only ten days in court and it collapsed the judge threw it out because the evidence was so poor so the judge threw it out i mean that case collapse of that case collapsed but you know if i may just just bring it back to the main central line here is express the as the extradition to sweden means handing him over to the u.s. where he could face trial for publishing documents on wiki leaks even the death penalty but why why is it that it has to go through stock home first. well because we believe that the reason the thing is going through stockholm is that this is a fabricated case to get him out of the u.k. where in the past you know with mckinnon we've shown that we're not just prepared to deliver someone to the american authorities so we think that the european arrest warrants being used by the swedish authoriti

greek said to vote for the e.u. bailout deal a.s.a.p. and as the country's economy teeters on the brink of collapse the austerity head public struggling with poverty and unemployment now there frustration also being taken out apparently on the immigrant population as r.t. sorry for ports from athens. on the streets of greece protests have become a common occurrence this gatherings not one of the usual demonstrations and emigration protests the ethnic tensions here in the city evidence of becoming more and more of a concern over the last few years illegal immigration into europe increase in particular has skyrocketed the greek economy has plummeted the crisis led to unemployment poverty creasing to a lot of people not being able to make ends meet face to these tough economic conditions it's not just extreme factions a society that has seen a rise in anti immigrant sentiment but every day greeks he faced with exceptionally tough station circumstances have begun to point the finger of blame. on the club on the streets of athens has now beco

now max as we're all greeks must say that in greek you must feel you know you must feel you missed all of that. and i always thought what i was saying was i mean another cup of coffee i thought that's what i was saying i don't know you like elaine anyway soc gen says that no one can claim to be immune from a greek style spiral why because our economies are richer and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're aging i think it's because we have too much crime too much banking crime too much debt yeah well that's this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by banking crime you know remember ten years ago it was the anti-globalization movement and then they figured out you know what let's let's get more specific here it's actually wall street it's actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork but soc gen should ta

the greeks will say no. >> that is the message. the problem steve was getting at -- this was a real curveball, obviously, and surprised the other eurozone leaders. it heightens the whole eurozone deal back into the uncertainty basket. the possibility goes back into italy and spain. one trader told me this morning -- i will show you the markets. they are taking a hammering at the moment. one trader told me you can kiss goodbye to the end of year rally. the dax in germany is down close to 5%. the ftse and italy is almost 6.5%. no surprise, david, the european banks are taking a big hit. if we can bring up the banking if we cat=ó÷szku4s.the banking is down almost 10%. commerzbank in germany is also taking a hammer in, down 8.5%. let's remind everybody, the reason banks in the eurozone are taking a hammer in today is because of uncertainty has been raised once again. these banks have future exposure to the likes of greece and italy. >> it is a tough one. >> thank you very much. >> can i throw this in? i will also talk about the u.k.

now max as we are all greeks you must say that in greek you must. even steal your daughter. and i always thought what i was saying was i mean another cup of coffee i thought that's what i was saying i don't know you sounded like a lady and you a soc gen says that no one can claim to be immune from a greek style spiral why because our economies are mature and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're aging i think it's because we have too much crime too much banking crime too much debt. well that's this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by banking crime you know member ten years ago it was the antiglobalization movement and then they figured out you know what let's let's get more specific here it's actually wall street it's actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork

for the first time in the greek debt fiasco it may be up to the greek people to decide their fate just days after global investors and banks toure's breathed a sigh of relief when european leaders agreed on a rescue package to bail out greece and prevent a global financial crisis greek prime minister george papandreou threw a wrench in the banker's plans since the banks are bailout the second of its kind or require greece to raise taxes on working people slash government spending and lay off tens of thousands of government workers measures that have already unsubtle the streets of athens over the past year prime minister probably knows that he will not accept the bank's toure's terms without his people having a chance to vote on it themselves they call for a national referendum on the bailouts and shock waves across europe this morning global markets and in the greek parliament itself calls for public drew to step down and at least one member of his ruling party quitting european leaders and financial giants are now struggling to prevent any sort of vote on the bailout and ensure the g

his cabinet george patton dros announcement stunned european leaders it also came as a shock to the greek government some members calling for the pm to resign last week eurozone leaders agreed to write off fifty percent of the greek debt and hand athens more loan and exchange for more yet more austerity measures marco pierre a financial advisor at r m a wealth management says if the greeks vote against the bailout deal it will signal the end of the euro so. this may well 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 to 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. debt in the u. and it's unsustainable in my view. best the best option for the greeks is to default of course that there is 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 as probably t

that you covered in brussels to the greek people. it seems some facts as emerged. as you said, could be held on december 4th. that's five weeks of uncertainty and firm words from angela merkel and nicolas sarkozy to say not another cent from the imf goes to greece until this uncertainty is settled. the other thing they have said is while this may not technically be a referendum on whether greece remains in the eurozone or not, that's the way the rest of the eurozone will read it. george popandreou saying exactly the same thing last night, this is very clear that this is a choice for the greek people as to whether or not they stay within the eurozone. the implications are great. a major economy hasn't defaulted in a major way or gone bankrupt since argentina. no one has left the eurozone. while the fear of contagion may be contained, nina, by greece leaving the eurozone, the bigger concern is that a sovereign government is not prepared to stand by its obligations. that's why we see continued weakness again or jitters, as you said earl

now max as we are all greeks you must say that in greek you must. even steal your daughter. and i always thought what i was saying was i mean another cup of coffee i thought that's what i was saying i don't know you sounded like a lady and you a soc gen says that no one can claim to be immune from a greek style spiral why because our economies are richer and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're aging i think it's because we have too much crime too much banking crime too much debt. well that's this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by banking crime you know member ten years ago it was the antiglobalization movement and then they figured out you know what let's let's get more specific here it's actually wall street is actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork. b

leaders were left stunned by the greek company's decision to hold a referendum on the latest bailout deal some predicting voters will reject the rescue package sparking the eurozone. international news live from moscow city center this is r.t. with me. straight to our breaking news for you this hour wiki leaks founder julian assange chance failed extradition from the u.k. to sweden where he will face actions of sexual misconduct denies the claims and says they are just politically motivated and very shortly here on our team will cross live to our laura smith for more details on this developing breaking news story. now the interstate aviation committee has revealed that the second pilot of the plane that crashed in the russian city of got to level in september showed traces of a strong sort of in his system has also been said that he has been suffering from a disorder of a movement coordination here looking at live pictures right now it was also said that the crew had less flight experience operating this particular type of plane. as we get further details on this here dotsie we must

greeks are set to vote for the e.u. bailout deal as soon as possible and as the country's economy teeters on the brink of collapse the austerity hit public is struggling with poverty and unemployment now there are frustrations also being taken out on the immigrant population as arky sorry for quotes from athens. on the streets increase protests have become a common occurrence this gatherings not one of the usual demonstrations this is an anti immigration rally especially athens it's really a dangerous time for. the last fifty years illegal immigration into europe increased in particular a skyrocketing cost the greek economy has plummeted crisis late. on employee property creasing to a lot of people not being able to make ends meet face to these tough economic conditions it's not just extreme factions a society that has seen a rise in and he in the current sentiment but every day greeks he faced with exceptionally tough station circumstances have becomes a point the finger of blame. on. the streets of athens has now beco

the greeks were told there would be no reopening of negotiations. there were strong hints that greece might not get their latest bailout money until after the brand of random -- until after the referendum. when george papandreou arrived, there was no french leader to greet him. european leaders are furious with him. there could be a greek the fault with the enormous consequences for europe. in greece, they are debating how they will vote to. >> i will vote yes because this is the only way. they will cut our debt 50%. if they don't do that, then we are in trouble. >> totally wrong. the wrong person, wrong decision, wrong government. >> back in your in -- back here in cannes, george papandreou is told that the referendum must be done quickly. the greek government insist that the people would be asked whether they approved the bailout deal. the french would much prefer a question that asked the greeks whether they wanted to remain inside of the eurozone or outside. the french prime minister said greece had to decide where its future lay. >> the greeks

while the greek debt crisis also dominated discussions at this week's g. twenty meeting in qana descended into turmoil indeed when the greek prime minister made his botched announcement of a referendum on the bailout plan or then to drop it shortly afterwards. followed the summit for the ever changing greek drama took center stage in camp for the g. twenty meeting hero host nicolas sarkozy protecting what he calls the beating heart of europe till the end of this operation a resolution which is very strong. agree on this and we will fight to defend europe and the euro. france and germany took action with this message to greece play by the rules or get out the greek prime minister made a cameo appearance in can return to athens and canceled an improv referendum that would have more last a while the public to decide if they stay or if they go when it comes to the euro perish the thought that they should be allowed to decide whether they want these things euro leaders say it is up to greece to or should look like greece is an independent country and i just wan

now max as we're all greeks we must say that in greek you must be only a dollar even though you missed a lot. and i always thought what i was saying was i need another cup of coffee i thought that's what i was saying i don't know you sound like a lady anyway soc gen says that no one can claim to be immune from a greek style spiral why because our economies are mature and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're aging i think it's because we have too much crime too much banking crime too much debt. well that's this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by banking crime you know remember ten years ago it was the antiglobalization movement and then they figured out you know what let's let's get more specific here it's actually wall street it's actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork but soc gen should tal