president hwang: athens street? >> yes, it is. president hwang: and what you are trying to do in this permit is to try to legalize it without going through the permit. it has a kitchen and everything that is needed to live on. >> yes. an inspector duffy was there today. >> thank you. director goldstein: mr. sanchez? >> thank you. good evening, president hwang, vice president fung, and congratulations on your elevations. the subject property is in our zoning district -- it does not allow commercial districts. however, the ground floor used as a laundromat appears to be a nonconforming use that has continued over time. based on our records, which show it only being illegal single- family dwelling with the residential units on the second floor. the zoning would allow two dwelling units, and actually in this case, they do not have any on-site parking, but given a planning code amendment that occurred almost one year ago, if they were just adding one dwelling unit, they would not need a parking space, so they would be compliant if they

-- athens' leading exchange fell to the lowest level in 20 years. stocks took a beating. analysts say a third of private households in greece are in default on their loans right now. private banks in the country need urgent help from any year- old rescue fund to stay liquid. -- from the bureau rescue fund to stay liquid. >> the major issue is the liquidity crunch. we have 25 billion euros that have been earmarked by the troika. however, unless there is a government in place, these sums will not be released. >> the lack of cash is felt across the economy even for basic items. he has sold meet in the center of athens for close to a quarter of a century. he has never seen the economy get this bad. >> people are looking at the prices. these days they have in the wallace because wages, pensions -- these days they look at their wallets, because wages, pensions have been severely cut. >> he was hoping to retire next year, but now he is worried if anyone would be willing or able to buy his shop. >> there was a steep sell-off on tuesday. blue chips in frankf

greeks socialist leader evangelist venizelos admit defeat in the latest attempt to form a government in athens. >> america's biggest bank jpmorgan chase is under investigation after losing more than $2 billion in six weeks. >> and united nations to adopt new guidelines to defend the land rights of poor farmers and indigenous peoples. ♪ >> looks like in greece, the first to form a government have all but failed after talks collapsed again. >> to the previous coalition and since this would also fell. this time the greek president gave a minute to the center-left pasok the kaman third in sunday's elections. the party head lead negotiations on friday. he appeared before the media to say he would return the mandate to the president on saturday. that opens the way for the president to call a last-ditch meeting between all party leaders, but few expect that to yield any results. and fresh elections loom if reece fails to form and emergency unity government by thursday -- if greece fell to form an emergency unity government. >> let's go to brian williams in athens is following talks. what does this

>> the arrow is pointing to the athens street entrance. president hwang: and the entire corner lot? >> yes. it is the entire corner lot. president hwang: russia? >> that is for the upper unit, which is called 803 russia. president hwang:

end our correspondent -- athens and our correspondent. richard, how is this campaign going to be different from the last one? >> firstly, it is probably be much more vitriolic than the last one, given what was said during some of the protracted negotiations to try to form a coalition government over the last eight or nine days or so. there was some very strong language used between different party leaders. i think it will be a vitriolic campaign. we will also see the new democracy conservative party, which came out on top on the election on may 6, and is now trailing behind syriza, will and targetially amen targeaim at syriza now. it will try to win over votes to new democracies though they do not see a further hemorrhaging of support. i think it will be a tough fight over the next few weeks. >> presumably, they will be keen to tell the greek people that really what you are voting about is not parties, but whether you can continue to be in the euro or not. >> that is definitely one of the strategies being used by brussels and other organi

>> m arark, in athens. time for you to hit the bars, too. >> headquarters of the prime minister in tripoli have come under attack of the thought to be former rebels demanding that baby paid. to of its men were killed and there had been gunfire inside the building. there was a bleak assessment high international envoy. the violence remains at unacceptable levels. the comments came after a closed-door session held with the security council. >> the monitoring operation is in full swing. it might be their toughest mission yet. they are meant to be recurring a cease-fire that doesn't exist. the assessment is that violence continues the unacceptable level as this amateur footage appears to show. the strait -- have the stakes are extraordinarily high. >> it is the only remaining chance to stabilize the economy. i'm not telling you any secret when i tell you that there is a profound concern that the country could her mother was fall into civil war. allow that to happen. >> the violence seemed to be shifting rather

and tim, i mean, what is happening in athens now? >> really, the results here are more confusing, even than people expected. the scale of the rejection of the two mainstream parties, the parties that backed the bailout more complete than people expected, and you can see here, this headline says punishment vote. so those two main parties knew democracy and socialist party have stopped being punished, and the far right, the far left being rewarded. this is what some of the people on the streets of athens have been saying this morning. >> in the next month, we have new elections. the ability is far away. democracy, sure, we have democracy, but disability ending. >> -- but stability ending. >> not only the government, but the parliament. it's the same. for all of us. >> it's positive. now we know what people want. so we'll continue to live, but with little relation to reality. now we know what the reality is. >> tim, a couple of months ago, we were talking about how the greek debt crisis seemed to have sold in the parliament, to meet the

economics leader writer for the guardian newspaper what he sees next for athens. people have been modeling what a greek exit from the euro zone would look like the best part of the year politically and economically politically even those who are in favor of anything so . they would accept that it would involve beyond being states the people that it would mean by and through the courts because the came from the people. working it would mean that people be stopped from leaving the country especially with this force of euros in their back pocket because they come from the benefits capital from the country and to maintain a very high level move so it would feel affected like a country marshall faulk. the question all in the saudis really for the rest of the eurozone if the eurozone can say to the rest and to fashion markets look greece is leaving but we are where greece is a special case you know behind our hands will say it's a bit of a basket case and its problems and not the rest of the euro zone that's what they really mean by an orderly exit if they can convince

huge change in treaties across europe so all i hear in germany as well as across europe focused on athens to find out what's going to happen next as this story unfolds. money has been flowing out of greece for more than a two and a half years now ever since its financial troubles hit economist albert coming out there says ever athens quits they are as on i will say cash draining from smaller economies into the hands of bigger once the liberal who knows terry is dead osteria he is a very confusing warts by use tyranny you can mean two very different things which is one catch to public spending and the other is higher taxation the governor of the president of the e.c.b. mo you don't get as talking about two different kind of house to the good you are in a bedroom on the bed and one is the one me by raising taxes to good one using one made by catholic barak experience you. can bet carlos geraghty he's also the easier one to be consumed politically speaking but the gloomy news did particularly in these days everything because of. the way in return to looks in front of the markets internationa

is in athens right now why don't we see new yorkers an occupy people from around the america so. adding up shop in athens right now to fight the banking terrorist why doesn't that happen in your view john for the simple reason that i think occupy still trying to find its footing i mean they're still in process of debating and discussing what's gone on trying to figure out you know what the occupy movement really means i mean during the fall of two thousand and eleven it was directed to wall street then when or came there was a lot of silence a lot of discussion and now it's come back in the movement seems to be if you can call it movement really yet. directed in a lot a lot of different areas so i think until the occupy people sort of center in on one or two or three platforms or issues. that you're really it's really a little bit premature to conceive of people from the u.s. occupy the from the u.s. going abroad to save see how it's done as you might put it all right finally john titus your film battle out what do you want the audience to leave with what message did they walk ou

is in athens right now why don't we see new yorkers an occupy people from around the america setting up shop in athens right now to fight the banking terrorist why doesn't that happen in your view john for the simple reason that i think occupy still trying to find its footing i mean they're still in process of debating and discussing what's gone on trying to figure out you know what the occupy movement really means i mean during the fall of two thousand and eleven it was directed at wall street then when or came there was a lot of silence a lot of discussion and now it's come back in the movement seems to be if you can call it movement really yet. directed in a lot a lot of different era. it is so i think until the occupy people sort of center in on one or two or three platforms or issues this year really it's really a little bit premature to conceive of people from the u.s. occupy the from the u.s. going abroad to save see how it's done as you might put it all right finally john titus your film bail out what do you want the audience to leave with what message did they walk out of th

is in athens right now why don't we see new yorkers an occupy people from around the america setting up shop in athens right now to fight the banking terrorist why doesn't that happen in your view john for the simple reason that i think occupy still trying to find its footing i mean they're still in process of debating and discussing what's gone on trying to figure out you know what the occupy movement really means i mean during the fall of two thousand and eleven it was directed to wall street and then winter came there was a lot of silence a lot of discussion and now it's come back in the movement seems to be if you can call it movement really yet. directed in a lot a lot of different areas so i think until the occupy people sort of center in on one or two or three platforms or issues. this year really it's really a little bit premature to conceive of people from the u.s. occupy the from the u.s. going abroad to save see how it's done as you might put it all right finally john titus your film bad. all out what do you want the audience to leave with what message did they walk out of

. >>> greek workers filled the streets of athens on mayday. they marked international workers day with a protest against austerity measures, and they warned greek leaders they may not stay in power beyond parliamentary elections on sunday. we report from athens. >> reporter: thousands of greeks hit the streets on the day meant to honor workers. major plab unilabor unions calll their members to turn out. their messages are chanted and it's their belief that the ruling party has to go. the government cut spending and increased taxes. demonstrators say plans to slash the number of government workers and their salaries infringe on their rights. >> it's killing most of our workers in every way that austerity can. >> we have lost all our labor rights. they're going to ruin the country. >> reporter: the european union and the international monetary fund prescribed the measures to rein in greece's debt. in return, they agreed to a bailout of more than $100 billion. voters are expected to punish their leaders for agreeing to the deal. opinion polls sug

is in athens right now why don't we see new yorkers an occupy people from around the america setting up shop in athens right now to fight the banking terrorist why doesn't that happen in your view john for the simple reason that i think occupy still trying to find its footing i mean they're still in process of debating and discussing what's gone on trying to figure out you know what the occupy movement really means i mean during the fall of two thousand and eleven it was directed to wall street and then winter came there was a lot of silence a lot of discussion and now it's come back in the movement seems to be if you can call it movement really yet. directed in a lot a lot of different areas so i think until the occupy people sort of center in on one or or two. three platforms are issues that you really it's really a little bit premature to conceive of people from the u.s. occupy the from the u.s. going abroad to say to see how it's done as you might put it all right finally john titus your film belle out what do you want the audience to leave with what message did they walk out of

is in athens right now why don't we see new yorkers an occupy people from around the america setting up shop in athens right now to fight the banking terrorist why doesn't that happen in your view john for the simple reason that i think occupy still trying to find its footing i mean they're still in process of debating and discussing what's gone on trying to figure out you know what the occupy movement really means i mean during the fall of two thousand and eleven it was directed to wall street then when a. came there was a lot of silence a lot of discussion and now it's come back in the movement seems to be you can call it movement really yet. directed in a lot a lot of different areas so i think until the occupy people sort of center in on one or two or three platforms or issues this year really it's really a little bit premature to conceive of people from the u.s. occupy the from the u.s. going abroad to say to see how it's done as you might put it all right finally john titus your film bail out what do you want the audience to leave with what message did they walk out of the thea

is in athens right now why don't we see new yorkers an occupy people from around the america setting up shop in athens right now to fight the banking terrorist why doesn't that happen in your view john for the simple reason that i think occupy still trying to find its footing i mean they're still in process of debating and discussing what's gone on trying to figure out you know what the occupy movement really means i mean during the fall of two thousand and eleven it was directed to wall street then winter came there was a lot of silence a lot of discussion and now it's come back in the movement seems to be if you can call it movement really yet. directed in a lot a lot of different era. it is so i think until the occupy people sort of center in on one or two or three platforms or issues that you really it's really a little bit premature to conceive of people from the u.s. occupied be from the u.s. going abroad to say to see how it's done as you might put it all right finally john titus your film bail out what do you want the audience to leave with what message did they walk out of t

is in athens right now why don't we see new yorkers an occupy people from around the america setting up shop in athens right now to fight the banking terrorist why doesn't that happen in your view john for the simple reason that i think occupy still trying to find its footing i mean they're still in process of debating and discussing what's gone on trying to figure out you know what the occupy movement really means i mean during the fall of two thousand and eleven it was directed to wall street then when or came there was a lot of silence a lot of discussion and now it's come back in the movement seems to be if you can call it movement really yet. directed in a lot a lot of different era. it is so i think until the occupy people sort of center in on one or two or three platforms or issues. this year really it's really a little bit premature to conceive of people from the u.s. occupy the from the u.s. going abroad to save see how it's done as you might put it all right finally john titus your film bail out what do you want the audience to leave with what message did they walk out of t

julia chatterly live in athens for us tonight. julia. >> thanks very much. from the people that i'm speaking to here in businesses, in cafes, in taxis, the next election result is wide open. but the overriding theme is the greek people want to remain in the euro. listen to what they've been telling me all week. >> i would like to stay in the euro, to remain in the euro, but things have become so difficult in this country, taxes getting higher and higher. and the pressure is dreadful. >> i have to choose austerity measures. i know they're painful, but they're less painful than the exit of greece from the european union. >> i don't think they try to force us out of that. i mean, we were the ones who like tried to join the euro even if we weren't ready for that yet. so at least -- it's our fault mostly that we joined the euro group. >> but you know, it's just not that simple. one of the most memorable conversations i've had was with a student who said she doesn't feel greek. she's a european. and we need to stop fighting amongst ourselves. but for the greeks, t

is in athens right now why don't we see new yorkers an occupy people from around the america setting up shop in athens right now to fight the banking terrorist why doesn't that happen in your view john for the simple reason that i think occupy still trying to find its footing i mean they're still in process of debating and discussing what's gone on trying to figure out you know what the occupy movement really means i mean during the fall of two thousand and eleven it was directed to wall street then when or came there was a lot of silence a lot of discussion and now it's come back in the movement seems to be if you can call it movement really yet. directed in a lot a lot of different areas so i think until the occupy people sort of. senator in on one or two or three platforms or issues. that you're really it's really a little bit premature to conceive of people from the u.s. occupied be from the u.s. going abroad to say see how it's done as you might put it all right finally john titus your film bailout what do you want the audience to leave with what message did they walk out of the

that will not help athens in meeting the immediate terms of its bailout. some suggest that without a leader there is a risk that greece could sleepwalk out of the euro. >> some kind of accident could happen, not having the political leadership to keep greece within the eurozone. but we have to remember the big picture. the great majority of the people and the political powers, political parties -- they are firmly pro-european and pro-0. >> perhaps that will be enough. but in greece, power shift slowly, and they have only weeks to form a government before their next bailout reforms have to be implemented. bbc news, athens. >> at least two security officials have been killed after an attack on the opposite of the libyan prime minister in the capital of tripoli. the whereabouts of the prime minister are unknown. his media adviser said he was safe, along with the people inside the building. our correspondent has said the government believes the former rebel's claims were legitimate, but the use of weapons was unacceptable. >> the government spokesman said that

there is still no agreement from the new government in athens. with the possibility of new elections within a week, the future of the austerity program is in doubt. european finance ministers have reaffirmed their commitment of greece's remaining in the euro zone. there is a growing crisis and the likely response of the eu leaders. >> stock markets fell, the europe tumbled, on fears that greece would abandon the europe. others were drawn in. borrowing costs for spain neared dangerous levels. in athens, greek political leaders struggled for a ninth date to form a government. the deadlock could lead to new elections, where parties that oppose the terms of the greek bailout might increase their support. that would mean greece leading the euro, with incalculable consequences. there is speculation about the future of some countries in the euro zone, which i think is doing real damage across all european economy. >> talks will resume tomorrow about trying to form a government. finance ministers from the euro zone gathered in brussels. while leading eu

i am joined by our correspondent brian williams on the line from athens. he says he is abandoning his didn't -- it tends to form a cabinet. where do we go from here? >> i imagine it will be picked up by the leader of the socialist party which won the last election in 2009. they literally are the third party, and they are the last party that will try to get to a coalition. but frankly, with both the leading party and the latest election and the second party both far, far apart, there seems little hope that pasok will be able to bring them together. >> and that will lead to fresh elections. >> that is the one last throw of the dice after pasok has its try. there will be a meeting of all the party leaders for one last effort to get them to agree. there's little hope of that happening. we seem as though we are inevitably going to have new elections on june 10 or june 17. >> is anyone in the country warning of the consequences again of abandoning austerity and the country basically turning its back on brussels and the imf? >> i think that is one of the things t

for more, we're joined by brian williams in athens. talk to me about this talk of a run on the banks in greece. is that what we're seeing right now? >> well, there is anxiety. there is nervousness. you can hardly have a conversation in greece now without somebody asking you for advice on whether to keep money in greece or send it overseas or put it under the mattress. but i do not think that anybody has said the actual panic button yet. i did my own in fall more -- informal survey, and there's no sign of kew said banks, no sign of people lining up to pull out money. obviously, some people are doing it. it is happening. but not at the panic stage. >> is the election next month -- is that being talked about as a referendum on the euro? will the greeks go to the polls to decide between the euro or the drachma? >> that is very much however buddies talking about this election. in the last election, the 19 days ago, there was a very low turnout. only 60%. people are forecasting that this time there will be about an 80% turnout, which is the

in treaties across europe so all i hear in germany as well as across europe focused of firmly on athens the find out what's going to happen next as this story unfolds money has been flowing out of greece for more than two and a half years now ever since its financial troubles hit economist albert timing gardy says athens quits the euro zone and will see cash training from smaller economies into the hands of bigger once the liberal who knows terry. is a very confusing warts by use tyranny you can mean two very different things which is why. expanding in the taxation the governor the president. is talking about two different kind of good one. ben one is the one by raising taxes to good one losing one by catholic link experience you. can kind of austerity he's also the easy one to be believe if you speak with the gloomy news day of your t.v. even these days everything because of. that we can and he looks in front of the markets and you. know. you got greece exiting the you. where to go all following suit. money basically being to leave in a way out of the tally and in spanish banks to germ

steves: as it was in ancient times, piraeus is still the port of athens. from piraeus, boats depart for points throughout the aegean sea. cruise ships await their passengers, and hydrofoils vie with lumbering car ferries. it's an exciting springboard for the greek isles. we're riding a flying dolphin, one of the fleet of speedy hydrofoils that zip from athens to the islands and from island to island. it's fast but less scenic as the passengers are stuck inside. i like to hang out in the windy doorway. after a 90-minute ride, athens is a world away, and we pull into the isle of hydra. its main town, also called hydra, is home to about 90% of the island's 3,000 residents. after the noise of athens, hydra's traffic-free tranquility is a delight. i'm glad i'm packing light as i hike up to my hotel. hydra is one of the prettiest towns in greece. its superb harbor is surrounded by an amphitheater of rocky hills. there's an easy blend of work-a-day commerce, fancy yachts, and lazy tourists on island time. donkeys rather than cars. the shady awnings of well-worn c

crowned by the mighty parthenon temple, the acropolis rises above modern athens, a lasting testament to greece's glorious golden age in the 5th century b.c. grand processions followed the panathenaic way, which was a ceremonial path connecting the town below and the acropolis. they'd pass through this imposing entryway and up to the religious heart of the city in the parthenon. the parthenon was perhaps the finest temple in the ancient world. valiantly battling the acidic air of our modern world, it still stands, with the help of ongoing restoration work. it was constructed in the 5th century b.c. and dedicated to the virgin goddess athena. seeing it today is awe-inspiring, but imagine how striking it must have looked when it was completed, nearly 2,500 years ago, in all its carved and brilliantly painted splendor. the adjacent erechtheion is famous for its porch of the caryatids -- six beautiful maidens functioning as columns. dedicated to athena and poseidon, this was one of the most important religious buildings on the acropolis. this, rather than the parthenon, was the culminatio

and a half years now ever since its financial troubles hit economist albert domingo and the says if athens quits the eurozone it will see cash draining from smaller economies into the hands of bigger ones. there probably osteria he is dead osteria he is a very confusing warts by osteria t. you can mean two very different things which is one casts expanding and the other is higher taxation the governor the president of the e.c.b. mind you that i as pork in about two different kind of hours staring a good one in a bad one get better one is the one may by raising taxes to good one is the one made by catholic public expenditure the problem is the unfortunate and the bad kind of post charity he's also the easy one to be pursued politically speaking but the problem is dave particularly in these days everything is about expectation and the way in lee county looks in front of the markets international now what may happen is to add you've got greece exiting the you know where to go following suit and money basically being to leave in a way out of the italian and spanish banks to german banks and in

announced between germany and france at a meeting here in berlin a lot depends on what's going on in athens at the moment now it's just been announced that this pick of armed men all supreme court judge will be taking over as the prime minister of a caretaker government will be in charge until fresh elections can be held on the seventeenth of june now that after. the country's politicians were able to come to terms on a coalition government following elections earlier this month now some of those political parties that would be involved in not want to see an end in those elections want to see an end to a stir it is now this comes ahead of the next load of bailout money from the eurozone that should be going to greece now basically they've been told that if you don't agree to all sturdy measures then there will be no bailout money now this is led to the greek central bank announcing that well the banking system in greek is greece is weak however they're trying to tell people not to panic now since the elections we saw at the beginning of may we've seen around one billion euros being taken ou

treaties across europe so all i hear in germany as well as across europe focused on athens the find out what's going to happen next as this story unfolds. money's been flowing out of greece for more than two and a half years now ever since as financial trouble struck economist alberto main gardy says if athens quits the euro zone it'll see cash draining from smaller economies and into the hands of bigger ones. there probably osteria he is dead osteria he is a very confusing warts by you stare at me you can mean two very different things which is one cat's expanding and the other is higher taxation the governor the president of the e.c.b. my you that i as for can about two different kind of aus terry the good one and a bad one ben one is the one may by raising taxes to good one isn't one made by capping public expenditure the problem is the inflation and the bed kind of stare at each he's also the easy one to be consumed politically speaking but the plumbing is dead for tito even these days everything is about expectations and the waiting week to tend to looks in front of the markets int

athens dominated the g eight gathering amid fears it may be headed for a chaotic and unprecedented exit from the single currency bloc however some believe that talks behind closed doors suggested a different agenda for the troubled nation and he said now has the details camp david was invaded by the europeans over the weekend or at least it seemed that way with almost all ga talk touching the rural zone. there were new faces of focus was on a not so new and ever growing crisis and the million dollar question of good grief speak current mood and leave the eurozone practically every financial analyst things that greece will live to be an orderly. withdrawal from the euro anything else would be disaster the official mantra remains new don't want to fear we must do everything so the greeks are able to stay in the euro zone. and that was once again the united stance is this camp david summit wrapped up but plan b. is already in place officials in brussels have a back up just in case and germany has been hinting a referendum on a euro exit could be greece's best bet leading some to believe th

asked chakraborty at the economics later writer for the guardian newspaper what he sees as next for athens. people have been modeling what a greek exit from the euro zone would look like for the best part of a year politically and economically politically even those who are in favor of greece leaving so. they would accept that it would involve the army being street people it would mean the banks would also be the a.t.m. would not be working it would mean that people stopped from leave the country especially with this the bureau's in their back pocket because the country would then need to stop all capital from the country and to maintain a very high level move so it would feel affected like a country move more to. the question are all in the saudis really for the rest of the euro zone if the euro zone can say to the rest of the financial markets look greece is leaving but we all know greece is a special case you know behind our hands will say it's a bit of a basket case and actually its problems are not the rest of the euro zone that's what they really mean by an orderly exit if they can c

for more on that, i spoke with -- in athens. it does seem to be a case if he cannot succeed, try try again. anyone can fix the underlying problems of the greek economy? >> what a huge problem it is. and the deficits so far are too high, unemployment at record levels. all of this phase in the next government. there is no government at the moment and there is no chance at the moment of an effective government formed next few days and hopes are fading fast. the leader of the anti-bailout leftist coalition is trying to form a government as we speak but his approaches to the pro- bailout countries have been refused. they would like to tear up the austerity measures. the pro bailout party has said that this would spell the destruction of greece. the possibility of this broad coalition government being formed is looking very very thin in deed. if they are not successful, then it would pass to a third-party, very unlikely to be able to concede and that work as well. no government would be in place for the next few weeks. greece's next i

. >>> greek workers filled the streets of athens on may day. they marked international workers day with a protest against austerity measures. and they warned greek leaders they may not stay in power beyond parliamentary elections this sunday. nhk world reports from athens. >> reporter: thousands of greeks hit the streets on a day meant to honor workers. major labor unions called on all their members to turn out. the messages they carried and chanted underscored their belief that the ruling party has to go. the government cut spending and increased taxes. demonstrators say plans to slash the number of government workers and their salaries infringe on their rights. >> hurting workers in every way that they can -- >> we've lost all our labor rights. they're going to ruin the country. >> reporter: the european union and the international monetary fund prescribed the measures to rein in greece's debt. in return, they agreed to a bailout of more than $100 billion. voters are expected to punish their leaders for agreeing to the deal. opinion polls sug

in treaties across europe so all i hear in germany as well as across europe focused of firmly on athens the find out what's going to happen next as this story unfolds money has been flowing out of greece for more than two and a half years now ever since its financial troubles hit economist alberto mingora the says if athens quits the eurozone it will see cash draining from smaller economies into the hands of bigger ones the stary is dead osteria he is a very confusing warts by use tyranny you can mean to very different things which is why. expanding in the taxation the going to precedent your d.c.b. mo you as talking about two different kind of good one in a bad one britain one is the one by raising taxes to good one isn't one made by catholic bardic expenditure is the. better kind of austerity he's also the easier one to be pursued politically speaking but the gloomy mused in these days everything views about x. the key issue. and he looks in front of the markets in tunisia now have you got greece exiting the euro. where to go following suit. and money basically being to leave in a way

athens dominated the g eight gathering amid fears it may be headed for a chaotic and i'm president of the exit from the single currency bloc however some believe that talks behind closed doors are suggested a different agenda for the troubled nation artie's arnesen now has the details camp david was invaded by the europeans over the weekend or at least it seemed that way with almost all ga talk touching the euro zone. there were new faces of focus was on a not so new and ever growing crisis and the million dollar question of could greece be current mood and leave the euro zone practically every financial analyst things that greece will live to be on. orderly withdrawal from the euro anything else would be disaster the official mantra remains. we must do everything so the greeks are able to stay in the euro zone. and he's. dreamy and that was once again the united stance is this camp david summit wrapped up but plan b. is already in place officials in brussels have a back up just in case and germany has been hinting a referendum on a euro exit could be greece's best bet leading some to

the porch was given a damp sand of in athens. -- damp send off in athens. they insist it will not dampen the impact of the arrival in the u.k. >> the handing over of the olympic flame to her highness. >> this is an amazing moment. it is planned to detonate with the great pyrotechnics of the opening ceremony. >> as the president of the ceremony, the princess has been a central figure. >> i presume you would have loved to have competed in a home olympics. >> i would have found it difficult. much easier to have done it when i did it. it has gotten worse. >> because of the pressure? >> yes, to everybody. once upon a time, it would have been to one or two of the athletes. >> with the flame in british hands, tomorrow it starts its journey back to the u.k. could this be the moment when the games really take off? >> more than 1000 vessels are to take part in the biggest flotilla this assembled on the tamhames. we report on the northwest of england. >> it has been two days in which the people have come up in the tens of thousands to show their loyalty to the crown.

. >> fiscal term of continuing in athens. -- turmoil continuing in athens. >> the political parties in greece are now attempting to form a coalition government. the leader of a center-right party which gained the most votes says he failed. now, the leader of a left-wing group, which opposed the spending cuts of the eurozone bailout, will try to form a government. it is increasingly likely that greece will have to hold new elections. we report from athens. >> there was no sense of victory in this weary nation today. the national stockmarket plunge d with news there was a vote against the bailout keeping the country afloat. the winners are those who say no more, those who want to tear up the bailout agreement with the european union. more sinister, the protest vote for the neo-nazi party. 7% chose them as unemployment and poverty sword. -- soared. >> get illegal immigration out of my country, out of my work. >> here, many argue this was brussels' doing, the austerity imposed for emergency loans that pushed people to far. fort two years, the people of this country have lived with the gove

nbc's stephanie gosk reports from athens for us tonight. >> a rare bright spot in athens. the olympic torch handed off to the organizers of london 2012. but on the other side of town, evidence of the now daily struggle just to get by. many of these women lining up for free milk, frozen chicken, and detergent, aren't used to being poor. >> you're scared. me and my all my country are scared. >> to avoid bankruptcy and remain part of the eurozone. greece agreed to make drastic budget cuts. protesters hit the streets over slashed pensions, jobs, and the minimum wage. when greeks went to the polls this month, they gave a drubbing to the political parties that agreed to the bailout plan. the election left the parliament split, unable to form a government. with the bailout plan now in jeopardy, they have to vote again. the new elections are scheduled for june 17th, but until a government is formed in this country, there is uncertainty, and uncertainty breeds fear. this week, they felt it at the banks. on monday alone, greeks withdrew 700 million euros from their banks. american j

in washington, and 2:00 in the afternoon in athens. emergency coalition government in the aftermath of the inconclusive elections. the prospect of greece's leaving the euro seems more likely. even some central banks are thinking what was once unthinkable. bar business correspondent reports. >> those headed to work in athens this morning were faced with more depressing headlines. drama, said this one. the most likely outcome is for further elections and even less of a mandate for austerity. that would leave greece well out of step with the imf and the eurozone, but even more certain to leave the euro. >> [speaking foreign language] >> i am very scared that they will not be able to succeed because i'm afraid the the politicians have other things on their minds. >> it's not going to prove anything to the greek people. it's not going to get anything back to us. >> we're not going to agree on a government. we are probably going to elections. europe will stop giving us money and we will stop having food to eat. >> financial markets across eu

in fact we arrived in athens yesterday, george. when you think that most people have seen salary cuts, if they have a job, maybe 35%, pensions have gone down a third as well. people are being asked to work longer. the stock market here has lost 80% of its value. the country is in deep recession. people are now genuinely going hungry. in one market in athens, a charity was setting up a food store, they were making soup, bean soup, with lemons and onions and garlic and things to feed only a hundred people. but that food only lasted 10 minutes. there were so many people who would come for that food and eat it, including middle class people who used to work in banks, used to have office jobs, but have now been forced out of their homes, having the electricity, the power being cut off. greece is in a seriously difficult state. >> tim, thank you. and still to come on "g.m.t." sounds that define an era. we'll be looking back at the life and music of the bee gee's robin gibb. ♪ >> the chelsea flower show is now underway in west london. o

. >>> greek workers filled the streets of athens on may day. they marked international workers day with a protest against austerity measures. and they warned greek leaders they may not stay in power beyond parliamentary elections this sunday. nhk world reports from athens. >> reporter: thousands of greeks hit the streets on a day meant to honor workers. major labor unions called on all their mberto turn out. the messages they carried and chanted underscored their belief that the ruling party has to go. the government cut spending and increased taxes. demonstrators say plans to slash the number of government workers and their salaries infringe on their rights. >> hurting workers in every way that they can -- >> we've lost all our labor rights. they're going to ruin the country. >> reporter: the european union and the international monetary fund prescribed the measures to rein in greece's debt. in return, they agreed to a bailout of more than $100 billion. voters are expected to punish their leaders for agreeing to the deal. opinion polls suggest

nbc's stephon gosk reports from athens for us tonight. >> a rare bright spot in athens. the olympic torch handed off to the organizers of london 2012. but on the other side of town, evidence of the now daily struggle just to get by. many of these women lining up for free milk, frozen chicken, and detergent, aren't used to being poor. >> you're scared. me and my country are scared. >> to avoid bankruptcy and remain part of the eurozone. greece agreed to make drastic budget cuts. protesters hit the streets over slashed pensions, jobs, and the minimum wage. when greeks went to the polls this month, they gave a drubbing to the political parties that agreed to the bailout plan. the election left the parliament split, unable to form a government. with the bailout plan now in jeopardy, they have to vote again. the new elections are scheduled for june 17th, but until a government is formed in this country, there is uncertainty, and uncertainty breeds fear. this week, they felt it at the banks. on monday alone, greeks withdrew 700 million yearoes from their banks. american jennif

officials saying they have contingency plans in case that comes true we'll go live to athens shortly but first an isa now she's at camp david for us. president obama mentioned that informal meeting with the leaders of the eight richest countries this morning where he talked about iran north korea syria and a whole lot of issues that the leaders do have to touch a bomb it's becoming very clear that the main focus is going to be the euro crisis a lot of different types of speculation going on certainly it is expected that whether or not greece will have to exit the euro zone is going to be discussed and we have heard from officials in brussels that there is some sort of a plan but from the leaders here the european leaders here a lot of new faces monti here what we're hearing is we need to try our best to keep greece in the euro zone and this is something of course we've been hearing for a long time so the speculation is that the public montra is we need to save greece we need to keep greece in the euro zone but behind closed doors they're talking about how soon greece might have to le