or german chancellor angela merkel appears furious with plan b. as much data by nicosia after it rejected the levy on bank deposits in parliament she complained of a lack of communication with sign presses leaders and warned they are playing with fire under a candidate for the bavarian parliament but he's merkel's harsh rhetoric is because she's feeling the heat domestically. now we are in a complicated situation and why the european union it was so harsh i cannot explain for chancellor merkel it's the elections upcoming in september. that's why she demands the people of so as to. carry birds your. however for me this cannot be learned solution you cannot solve this situation by adding debt like the term billion now the european union willing to pay as a no one has a guarantee whatever about this will be no sustainable solution for which it will impose austerity to the people of cyprus they did it for them and now they change gears because because of the upcoming elections german voters will not go on with a government policy like this meanwhile t

well german chancellor angela merkel appears furious with plan b. as mapped out by nicosia after it rejected the levy on bank deposits in parliament she complained of a lack of communication with cypresses leaders and more and they are playing with fire and t.k. a candidate for the very in parliament believes merkel's harsh rhetoric is because she is feeling the heat domestically. now we're in a complicated situation and why the european union was so harsh i cannot explain for chancellor merkel it's the elections upcoming in september. that's why she demands that the people of cyprus have to. carry birds your. however for me this cannot be a little solution you cannot solve this situation by adding debt like the term billion now the european union willing to pay as a no one has a guarantee whatever about this will be no sustainable solution for which it will impose austerity to the people of cyprus they did it for them and now they change gears because because of the upcoming elections the german voters will not go on with a government policy like t

or german chancellor angela merkel appears furious with plan b. as by nicosia it rejected the levy on bank deposits in parliament she complained of a lack of communication with cypresses leaders and warned they are playing with fire under his team a candidate for the very in parliament believes merkel's harsh rhetoric is because she's feeding domestically. now we are in a complicated situation and why the european union is so harsh i cannot explain for chancellor merkel it's the elections upcoming in september. that's why she demands that the people of cyprus have to. carry birds your however for me this cannot be a loose solution you cannot solve this situation by adding debt like the term billion now the european union willing to pay as a no one has a guarantee whatever about this will be no sustainable solution it will be good it will impose austerity to the people of cyprus they did it for greece and now they change gears because because of the upcoming elections the german voters will not go on with a government policy like this while the cyp

complicated situation there and why the european union it is so hard i cannot explain for chancellor merkel it's the elections upcoming in september. that's why she demands that the people of cyprus have to. carry birds your however for me this cannot be a loser solution you cannot solve this situation by adding debt like the term billion now the european union willing to pay as a no one has a guarantee whatever about this will be no sustainable solution for which it will impose austerity to the people of cyprus they did it for greece and now they change years because because of the upcoming elections the german voters will not go on with a government policy like this the cypriot finance minister has been in moscow in search of a resting deal but returned home and candid is russian investors showed no interest however moscow says the door remains open and is prepared to assist in reaching consensus between nicosia and the e.u. in this artie's news editor i have a quote he explains some believe that means hardline stance stems from german chancellor merkel's desire to gain all she can politi

>> merkel spent more than two hours visiting the various exhibitions this year. she worked as a physicist before getting into politics, so she has a genuine interest in technology. >> eurozone finance ministers say they hope to come up with a 17 billion euro bailout for cypress by the end of the month. the announcement came after the government agreed to a key demand over concerns of large- scale money laundering. the ministers want an independent review of how separate banks are implementing new laws. they also want to see more privatization of state assets. a commission of experts from the european union international monetary fund is expected in cyprus today to get a better idea of the island's financial situation. more on that with our markets reporters in frankfurt. what is the talk of the trade for today? >> this aid package for cypress fund's a positive book among the trading floors. the creditors of the state of cyprus can be reassured now that their investments are safe and, also, people here reckon that eventually the banks will be saved and recapitaliz

merkel, the ball is now in cyprus' court. she says they must submit a fair counterproposal first in what she expects to be tough counter negotiations. >> onto wednesday's market action now. european stocks snapped a three- day losing streak and locked in some pretty healthy gains as the region's policy makers weighed the future of cyprus in the euro area. we have a summary of the day's trading at the frankfurt stock exchange. >> the failure of the bank levy in cyprus had no impact at the markets. traders remained calm. no rescue package went through at the first attempt, they said. they are still optimistic that politicians will find a solution, but not everyone is so trustful. the world's largest bond dealer, a u.s. company pimco, reduced its euro investment, but its warnings have been ignored. the dax was on the upside thanks to gains in the banking sector. >> we stay in frankfurt for a closer look at wednesday's market numbers. the dax finished the session up by nearly 0.7%. good to see that. the euro stoxx finishing up. t

well german chancellor angela merkel appears furious with plan b. as mapped out by nicosia after it rejected the levy on bank deposits in parliament she complained of a lack of communication with cyber says leaders are more they are playing with fire and rested k a candidate for the very in parliament but he's merkel's harsh rhetoric is because she is feeling the heat the mess to clean. now we are in a complicated situation and why the european union was so harsh i cannot explain for chancellor merkel it's the elections upcoming in september. that's why she demands that the people of cyprus have to. carry birds your. however for me this cannot be alert solution you cannot solve this situation by adding debt like the term billion now the european union willing to pay as a no one has a guarantee whatever about this will be no sustainable solution for which it will impose austerity to the people of cyprus they did it for them and now they change gears because because of the upcoming elections the german voters will not go on with a government policy li

german chancellor angela merkel and his fear is with plan b. as mapped out by now you can see after it rejected the levy on bank deposits and polman she complained of a lack of communication with cyprus leaders and one they're playing with fire and ran as a day care candidate for the bavarian paul even believe the motel zaha to rhetoric is because she's feeling the heat domestically. now we are in a complicated situation there and why the european union is so harsh i cannot explain for chancellor merkel it's the elections upcoming in september. that's why she demands the people of cyprus to. carry birds your however for me this cannot be a loser solution you cannot solve this situation by adding debt like the turn billion now the european union willing to pay as a no on as a guarantee whatever about this will be no sustainable solution will put it bloomed those austerity to the people of cyprus they did it for them and now they change gears because because of the upcoming elections voters will not go on with the government policy like this germ

and as artie's news editor i will quality explains merkel zaha starnes on the as you may derive from the hub designed to boost popularity back at home. this starts at a russia e.u. summit last year when the euro krotz told russia that cyprus would be their problem to solve cyprus had been racked by the greek economic collapse the russians didn't take kindly to that said it's a euro zone problem and it's not like russians are the only ones availing of time cypriot tax loopholes however russia did stop at two and a half billion to help trying to keep the island afloat a change in the cypriot government last year delayed any chance of a resolution most notably a russian e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under pressure at home and explains the euro group's decision to back a raid on privately held deposits in cyprus germany's taking a very very hard line on this issue merkel's uncompromising stance backed euro group's decision to raid a priva

merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may get into the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the halls of process in berlin certainly is and will be covering a four year old r.t. and as germany deals with one of its tax havens then its citizens rick recently popping up in another panama submerged is home to hundreds of shell companies headed by top german bankers car manufacturers an entrepreneur as well as the family's revelation was made by a hacker who published their names and companies online a stimulus and a huge of the world economy is now in tax havens people people did do it don't have an easy way to to feel however how this economy works they should be aware that a lot of rich. of our income even and in on some of them legitimately the well as a way to minimize that if that's what a crystal horsetail is director of horse or networks consultancy said for the

and as artie's news editor i will call she explains merkel's harsh stance on the issue may derive from a desire to boost her popularity back at home. this starts at a russia e.u. summit last year when the euro krotz told russia that cyprus would be their problem to solve cyprus had been racked by the greek economic collapse the russians didn't take kindly to that said it's a euro zone problem and it's not like russians are the only ones availing of time cypriot tax loopholes however russia did stop two and a half billion to help trying to keep the island afloat a change in the cypriot government last year to lead any chance of a resolution most notably out of russia e.u. summit last december but it crucially brought the timing of any deal into the german election cycle and this is why merkel is playing hardball merkel's in search of votes she's under pressure at home and explains the euro group's decision to back a raid on privately held deposits in cyprus germany's taking a very very hard line on this issue merkel's uncompromising stance backed euro group's decision to raid privately

german chancellor angela merkel appears furious with a plan b. as bumped up by me cause you rejected the levy on bank deposits in parliament she complained of a lack of communication with. i don't want to they're playing with fire and dry as a d. candidate for the bavarian parliament believes michaele's a hostile rhetoric is because she's feeling the heat domestically. now we are in a complicated situation there and why the european union is so harsh i cannot explain for chancellor merkel it's the elections upcoming in september. that's why she demands the people of cyprus to. carry birds year however for me this kind of be a little solution you cannot solve this situation by adding debt like the billion now the european union willing to pay as a no one as a guarantee whatever about this will be no sustainable solution will put it bloomed most austerity to the people of cyprus they did it for them and now they change gears because because of the upcoming elections the german voters will not go on with a government policy like this germany slimy c

merkel's in search of votes she's under pressure at home and explains the euro group's decision to back a raid on privately held posits in cyprus germany's taking a very very hard line on this issue merkel's uncompromising stance backed euro group's decision to raid privately held super deposits weekend. and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a euro zone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may get into the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the halls of brussels and berlin was germany deals one tax saving it citizens increasingly propping up another panama submerged is home to hundreds of shell companies headed by top german bank is come when you factor is known trooper nurse as well as the families but revelation was made b

why chancellor angela merkel is now warning sign pros i quote to test the boundaries of the troika's of patients and quote that's after all one avenue of rescue a deal with the russia all about evaporates because cea and moscow failed to agree on a rescue plan after intense negotiations in the russian capital market. picks up the story. prime minister medvedev said that russia will be willing to provide any needed assistance to rescue the cypriot economy only when brussels and you can see a find a common language on the ways out of this crisis this came shortly after the cypriot finance minister said that he had not received any help he was willing to get in a moscow and left the russian capital the proposals by the cypriot finance minister off joint company between cyprus and russia on exploring the natural resources fields on the island did not meet any interest on the russian investment companies and the chance of russia providing an emergency loan to the island was not even considered because cyprus is under a certain limit imposed by the european union of having loans from other

is playing hardball merkel's in search of votes she's under pressure at home and explains the euro group's decision to back a raid on privately held posits insiders germany's taking a very very hard line on this issue merkel's uncompromising stance backed euro group's decision to raid privately held super deposits weekend. and sent the cypriots to moscow looking for help. the russians look at the cyprus approach and say no we're not going to get involved for two reasons one it's a euro zone problem but secondly merkel is going to drive this into the ground she's taking a hard line on the cypriot issue and nobody is going to touch cyprus or until she has finished the political process or may gain the political capital necessary from this situation to let cyprus off the hook it's going to be a very very long weekend in the homes of crossings and berlin. the escalating crisis cyprus is sending shivers all across the eurozone and the next crisis to merge could be another small economy struggling with a heavily indebted bank sector slovenia the i.m.f. says that baghdad is increasing among some

member accused the government of failing to live up to its promises. >> the results that chancellor merkel is holding up all stem from the last social democrat green government. all of the family policy initiatives since she took office have flopped. family care leave and the childcare supplement. >> the government is also under pressure under day care provision. the government has just six months to find places for 150,000 children. >> let's look also that day care provision. it sounds like a simple solution to helping parents get back to work. >> some parents have been finding out that the reality is not so easy. >> it's his turn to look after his 89-month-old daughter. her daughter, kristina works full time. they'll need a day care place for charlotte and that's no easy task here. >> we feel completely left in the lunch. we have no idea where we can put charlotte. whether she'll get a kindergarten place nearby or if at all. there are so many factors still up in the airplane and that doesn't make life any easier for us at the total -- moment. >> they say women should get top management j

angela merkel says nationalizing pension funds in cyprus is not an acceptable way of plugging the holes in the country's finances. >> checking in on the markets, european shares traded flat or slightly to the downside friday as investors waited for clarity on cyprus, and germany's business confidence suffered an unexpected drop. our correspondent sent us this summary from frankfurt. >> still no solution in cyprus. traders had to finish this trading week and this uncertainty leading almost to a standstill at the stock market. traders did not know leader to bet on a happy ending or bankruptcy in cyprus. the german index was slightly down but made huge losses throughout the week. the bureau could recover a little bit, despite economic disappointing data. the german economy seems to lose momentum. the ifo index dropped for the first time in a month. emma we stay in frankfurt for a closer look at the numbers. the dax fell just slightly, but bigger losses over the course of the week, finishing at 7911. that is how it went in the week in the euro stoxx 50. let's call it finishing flat. across

angela merkel went with the traditionalists, ending the debate ahead of national electiosn ins in september. >> a country in mourning as hugo chavez's death led to an outpouring of grief in caracas. chaves died after a 2-year battle with cancer. >> we have recieved the most tragic news we will have to tell our people. hugohe 5hth of march, chavez died. >> for 14 years he held sway over venezuela and critics say he was autocratic but he pumped billions into social projects and was adored by the poor. his body was taken to the military academy, where it lay in state and allowed mourners to pay respects. >> chavez was everything, our father, brother, everything. >> chavez is my people. chavez is venezuela. >> fresh elections are next in the political transition but this week, they said goodbye to one of latin america's most colorful eaders. >> -- leaders. >> the annual session of china's parlaiment began. anemier wen jiabao gave hs address about his government's achievements and called for the next government to tackle corruption. >> we should be unwavering in our battles for political integri

around six hundred million euros now chancellor angela merkel is now warning. quote not to test the boundaries of the troika's patients and quote that's after one avenue of rescue deal with rochelle all but evaporates nicosia and moscow failed to agree on a rescue plan after intense negotiations in the russian capital. picks up the story . prime minister medvedev said that russia will be willing to provide any needed assistance to rescue the cypriot economy only when brussels and you can see a find a common language on the ways out of this crisis this came shortly after the cypriot finance minister said that he had not received any help he was willing to get in a moscow and left the russian capital the proposals by the cypriot finance minister of joint company between cyprus and russia on exploring the natural resources fields on the island did not meet any interest on the russian investment companies and the chance of russia providing an emergency loan to the island was not even considered because cyprus is under a certain limit imposed by the european union o

they don't think cyprus has hit rock bottom yet merkel is playing hardball right now and she's going to drive that issue into the ground and nobody not the russians nor the chinese is going to touch it until markets game has has reached its zenith and really really briefly that carrot was being done to russia the gas reserves cypresses gas reserves to explore that russia was interested no no no well there's a couple of interesting tidbits on that actually on line this today in the cyprus reserves right now confirmed are nowhere near being enough to try and filled out that hole so it looks like it's going to be a very long weekend in the holes of brussels is certainly news that sort of across the thing sort of bring us up to speed thank you. well as germany deals with one of its tax havens it's citizens increasingly popping up in another let's talk panama now it's a merge that's where they go they get so into hundreds of shell companies headed by top german bank is car manufacturers and entrepreneurs as well as the families this revelation was made by a hacker who published their name

angela merkel says they will do "what is necessary" to ensure the future of the euro. both had much to talk about. the european commission president says europe must continue with reforms while paying attention to the social consequences like the unrest in cyprus. >> before more, let's go to our parliamentary studios. this is a top level meeting of euro's top-level. can you fill us in? >> the meeting is occurring here at the invitation at the invitation of angela merkel. there are 15 heads of leading european firms. it is the ceo of ericsson. what is on tehir minds is competitiveness. they are eager to look beyond to innocvation, energy, climate. there are not trying to talk about the cyprus issue alone. there was brief mentions saying that of course bureau stability -- euro stability is crucial. how do we get there to encourage growth and innovation? >> they have been distancing themselves from the planet. what else can you tell us? >> this tax on depositors and small depositors it was somehow the instigation of germany. german politicians have been pushing back on th

chancellor merkel wants to end this potentially divisive debate for her conservative party in an election year. whether the fact she wants it to end will make it so is doubtful because we are ready have people within her party coming out on both sides of this debate very strongly. i think we will see more to come. >> is the onus back on the constitutional court? >> very much so. they already ruled within the past year that certain rights, adoption rights, should be recognized for individuals in same-sex partnerships. this summer, they are expected to go even berger in its ruling extending a certain tax rights also to same-sex partnerships. >> it being an election year, wouldn't it look better for them to lead the way on this issue? >> more members of the party think exactly that. they will like to see this debate moved forward, but there is a staunchly conservative when that does not out all feel comfortable with this. almost all opposition and parties are definitely supporting it sending more rights to members of same-sex partnerships, so i think we will see them trying to drive the cons

. >> usually, angela merkel's cabinet will come up with a law that will go to the second chamber for approval. >> today, the greens tried to turn that process on its head, introducing their own bill. >> angela merkel coalition may still control the lower house, but after a key regional election in january, the opposition in majority in the bundestag, the second chamber that represents the federal states. they are now using it to pressure the government. >> we are pleased things have changed. >> we want to improve things. regional governments often have to lead the way, and of course, we have to be clear in our position. >> one thing that both parties want to see is a minimum wage introduced in germany. as of yet, there is none. with the result that some workers are so poorly paid they need a job and welfare just to get by. the social democrats and the greens took to change that using their new advantage, but leaders from conservative regional governments do not want to hear it. >> it represents the state's interest. it is my duty to represent the various interests and not to undermin

in 2005, angela merkel became the first female german chancellor. let's take a look back. >> the main breadwinner and head of the family. women won the battle against legally defined marital roles. they got to decide if it wanted to go to work -- if they wanted to go to work. in 1997, marital rape became a criminal offense. >> the end of this century, also the end of the middle ages. >> women from across the political divide one the fight against men who rape their wives. at the beginning of the new millennium, women gained the right to serve in all military roles. women could now go to war. the move product practical questions. >> there is no rule about bras and underwear for women, is there? or should they be a special color? >> as long as they are not least panties, then you could buy everything. >> four years later, angela merkel became the first female chancellor. >> the role of women in german society has changed significantly since the 1950's. >> the position of women in india has been in the spotlight more than ever before since the brutal g

stuart: if push comes to shove do you think that angle merkel will relent to say keep the russians out and keep it off cypriot oil and gas, we'll give you more bailout money. >> i think something happens. a disaster on monday when banks open, even if it's off the table, average cypriots or russian mobsters realize they know longer have the haven in cyprus they thought. so this has the probability of basically bringing the entire european crisis back to the fore, back to the front page, the progress such as it is, gone. stuart: i think it has, and i think that's part of the reason the dow is down 67 points and i think that cyprus could be the first country to leave the euro regardless what the russians or the euro do. >> they ran up a credit card bill and now they need to pay the price. stuart: christian, thank you for joining us. >> thank you, stuart. stuart: at the top of the hour, we've got this story for you. cvs, you know them, they're on every corner in florida, they charge worker a fee, how much they weigh or if they smoke could cost some employees $600 a year. question, does cvs

he will speak with chancellor angela merkel later on this evening, and we also learned that the finance minister is now in moscow. he will have talks with the russian finance minister at 9:00 a.m. tomorrow morning, and local media over the past half hour are speculating that plan b could involve moscow. >> what about the sentiment behind this vote outside of anger? >> cypresus saw itself as being bullied. they said, cassette and we are small, but we are tough." i have been listening to some of the reaction outside parliament. they feel they have been stabbed in the back by the you. there was no solidarity. even the speaker mentioned in the house tonight, they got a bad hand, and they do not care what consequences. the feeling we're getting is they will simply not be dictated to. it is simply a remarkable situation because we simply do not know what happens next. the only thing we do know is that banks will remain closed tomorrow, possibly on thursday. then we have to see what happens. really, the ball has been bounced back from nicosia to brussels, so i imagine there will be some respon

german chancellor angela merkel appears furious with plan b. by nicosia after it rejected the levy on bank deposits in parliament she complained of a lack of communication with cyber says leaders are mourned they are playing with fire understood a candidate for the barbarian parliament please merkel's harsh rhetoric is because she's feeling the hate the mess to clean. now we are in a complicated situation and why the european union is so harsh i cannot explain for chancellor macula it's the elections upcoming in september. that's why she demands that the people of cyprus have to. carry birds your however for me this cannot be alert solution you cannot solve this said you by adding debt like the ten billion now that the european union is willing to pay as a no one as a guarantee whatever about this will be no sustainable solution for what it will impose austerity to the people of cyber as they did for greece and now they change gears because because of the upcoming elections the german voters will not go on with the government policy like this.

actually in about two weeks, vladimir putin is set to meet angela merkel in germany. they want to visit a trade fair together. then we will see if it is really back to business, but i guess if there will be a cool down, it will not be long because there are just, as you said, too many tight relations and important issues to be solved. >> thanks so very much. breaking news now, and an arab summit has agreed that member states have the right to provide military support to syrian opposition members fighting president bashar al assad. >> they have also been voicing their political support for the syrian opposition. delegates invited syria's national coalition to take the country's official seat in the summit in qatar. the movement is a much-needed diplomatic boost for the sources in damascus. there is serious opposition remains deeply divided on issues from strategy to political leadership. than that internationally, he is viewed by many as the face of serious opposition. in a speech to delegates, he praised the arab world for helping syrian refugees and said western coun

actually in about two weeks, vladimir putin is set to meet angela merkel in germany. they want to visit a trade fair together. then we will see if it is really back to business, but i guess if there will be a cool down, it will not be long because there are just, as you said, too many tight relations and important issues to be solved. >> thanks so very much. breaking news now, and an arab summit has agreed that member states have the right to provide military support to syrian opposition members fighting president bashar al assad. >> they have also been voicing their political support for the syrian opposition. delegates invited syria's national coalition to take the country's official seat in the summit in qatar. the movement is a much-needed diplomatic boost for the sources in damascus. there is serious opposition remains deeply divided on issues from strategy to political leadership. than that internationally, he is viewed by many as the face of serious opposition. in a speech to delegates, he praised the arab world for helping syrian refugees and said western coun

deal with the situation in cyprus they certainly have no answer at the moment and especially for mrs merkel you have to look at this as well if this does become a precedent that future countries that want to accept a bailout have to accept such a levy on their own people who have money in their bank accounts and what does that mean she's been put forward in a still remains personally popular here in germany as the woman that can take germany and the rest of the and the rest of europe out of the crisis if it seems that she's starting to flounder then with an election coming up in october she may well find herself looking over a shoulder. mandas believes the controversial tax won't stop the rot in cyprus and will have ramifications across southern europe. they claim that this is a unique situation to science but of course it isn't unique at all this is a problem that we see all throughout the eurozone and as a matter of fact it's much more fundamental than that it's a fundamental flaw in our banking system a bet the banks can create money out of thin air that aren't backed by anything and tha

nobody was willing to answer here in birdland was anything to do with cyprus in fact neither angle or merkel french president francois hollande or the president of the european commission jose manuel but also were anywhere near coming forward with it and so this it appears to be the the hot potato the financial hot potato that nobody wants to take hold in their hands now what's going on in cyprus is this well if you have money in the bank in cyprus are you going to have to pay to have it actually if and this was certainly something that especially the french president francois hollande wasn't willing to take any questions on aides close to him we're hearing it said that if you're going to ask the french president anything make sure it's nothing to do with the cypriot economy because he's just not willing to play ball now that seems to be the the message in europe at the moment is that they really don't know how to deal with the situation in cyprus they certainly have no answer at the moment and especially for mrs merkel you have to look at this as well if this does become a precedent that fu

deal with the situation in cyprus they certainly have no answer at the moment and especially for mrs merkel you have to look at this as well if this does become a precedent that future countries that want to accept a bailout have to accept such a levy on their own people who have money in their bank accounts and what does that mean she's been put forward in a still remains personally popular here in germany as the woman that could take germany and the rest of the and the rest of europe out of the crisis if it seems that she's starting to flounder then with an election coming up in october she may well find herself looking over a shoulder of the dutch hero and pay twenty man does believe the controversial tax won't stop the rot in cyprus and will have ramifications across southern europe. they claim that this is a unique situation to cya prince but of course it isn't unique at all this is a problem that we see all throughout the eurozone. and as a matter of fact it's much more fundamental than that it's a fundamental flaw in our banking system about the banks can create money out of thin air

deal with the situation in cyprus they certainly have no answer at the moment and especially for mrs merkel you have to look at this as well if this does become a precedent that future countries that want to accept a bailout have to accept such a levy. of money in their bank account what does that mean she's been put forward in a still remains personally popular here in germany as the woman that could take germany and the rest of the and the rest of europe out of the crisis if it seems that she's starting to flounder then with an election coming up in october she may well find herself looking over a shoulder or the potential bailout rate on deposits in cyprus is keeping investors nervous both inside and outside the euro zone alexei you have ski explains my colleague bill dodd why russia is particularly uneasy about brussels plan. well you know there's a certain stereotype in the west about the russian mafia keeping their money in cyprus offshore accounts well of course to some extent there is some illegal money there but definitely fundamentally it's all about the big businesses because alm

greece has pledged jones's cyprus to the tune of six hundred million euros now the chancellor angela merkel is now warning side. of the boundaries of the troika's patients that's after one avenue of a rescue a deal with russia all but evaporates because. on a rescue plan after intense negotiations in the russian capital. ships he picks up the story. prime minister medvedev said that russia will be willing to provide any needed assistance to rescue the cypriot economy only when brussels and you can see a find a common language on the ways out of this crisis this came shortly after the cypriot finance minister said that he had not received any help he was willing to get in a moscow and left the russian capital the proposals by the cypriot finance minister off joint company between cyprus and russia on exploring the natural resources fields on the island did not meet any interest on the russian investment companies and the chance of russia providing an emergency loan to the island was not even considered because cyprus is under a certain limit imposed by the european union of having loans from

deal with the situation in cyprus they certainly have no answer at the moment and especially for mrs merkel you have to look at this as well if this does become a precedent that future countries that want to accept a bailout have to accept such a levy on their own people who have money in their bank accounts and what does that mean she's been put forward in a still remains personally popular here in germany as the woman that could take germany and the rest of the and the rest of europe out of the crisis if it seems that she's starting to flounder then with an election coming up in october she may well find herself looking over a shoulder. twenty men whose beliefs the controversial tax won't stop the rot in cyprus and will have ramifications across southern europe. they claim that this is a unique situation to sign prince but of course it isn't unique at all this is a problem that we see all throughout the eurozone and as a matter of fact it's much more fundamental than that it's a fundamental flaw in our banking system about the banks can create money out of thin air that aren't backed by a

nobody was willing to answer here in birdland was anything to do with cyprus in fact neither angler merkel french president francois hollande or the president of the european commission jose manuel but also were anywhere near coming forward with it and so this is appears to be the the hot potato the financial hot potato that nobody wants to take hold in their hands now what's going on in cyprus is this well if you have money in the bank in cyprus are you going to have to pay to have it actually if and it was certainly something that especially the french president francois hollande wasn't willing to take any questions on aids close to him we're hearing it said that if you're going to ask the french president anything make sure it's nothing to do with the cypriot economy because he's just not willing to play ball now that seems to be the the message in europe at the moment is that they really don't know how to deal with the situation in cyprus they certainly have no answer at the moment and especially for mrs merkel you have to look at this as well if this does become a precedent that futur

is driving policy here however i think merkel would probably be furious both with the lack of response that she has she has got from the cypriot leadership but more importantly the absolute debacle that the troika over song for the last week absolutely i mean usually the e.c.b. in the i.m.f. and and certainly the guys with the purse strings you can see i mean the thing is you know you ok so you get a bailout then you'll get you know a bailout it's a high interest loan who ends up paying off the high interest loan what goes to the people the people who are already suffering austerity cuts let's health care less retirement funding less education this that and the other to me it's a wonder that we haven't seen some europe wide uprising and swelling of total and utter anger and frustration and u.g.g. think the politicians are actually listen. what the people are saying in any way you think with the public. in my opinion i think the those that are at the top of the euro zone. been out of touch with the common european for perhaps a generation i mean since the beginning the project we've alw

was the last time we were asked what we thought of angela merkel? >> guest: many are interested in american opinion and the sister of many countries. >> host: but why? >> guest: partly because the united states has power and resources and when we get a call they get the money out. when we decided to use her tremendously powerful military machine, that can effect people around the world. the united states plans large and for good reasons in the minds of many people around the world. the reason why we should care is not so much whether we should treat those foreigners well. that's not the issue. let's talk in terms of american interests. how can we best achieve our goals? acting unilaterally? or trying to use multilateral institutions and coalitions of different countries enforce multipliers to ensure live help in pursuing our goals of the policies we decide upon or well thought through. i'll tell you i wrote this book. in 2002 during the dispute over the run-up to the iraq war, the president of france urged americans not to go to war in iraq. he said

now, chancellor angela merkel says she has decided. way, the people responsible for this situation are involved, not just taxpayers in other countries. i think it's good we have taken this step. it's a good step that made our approval for the aid of cyprus much easier. >> the cost of the aid package is now much lower than previously expected, only 10 billion euro. lawmakers in each eurozone country have to give a final stamp of approval. >> the newly elected pope has given his clearest indication yet that the catholic church should show more humility. in front of a larger gathering of journalists, he says they want to concentrate on serving the needs of the poor. of catholicsands are expected to turn out to hear him speak. the united nations has adopted a plan to combat violence against women and girls. the head of the u.n. women's agency said was aimed at tackling one of the gravest of violations of human rights. 131 countries approve the accord despite strong objections from the muslim brotherhood. it rejects any justification of vio

angela merkel has a election coming up and wants the chancellor's job back. if she shows she's weak she won't get reelected. but this goes broader than cyprus. not only have they shown they'll take money out of big depositors' accounts, they're prepared, despite the european guarantees, to take money from the accounts with less than 100,000 euros. and i think the signal, the message this send, particularly to spain, portugal and italy, who are in trouble, and frankly my message is if you're an investor, get your money while you can because one day they'll come for you too. >> neil: obviously something's going on in your beautiful country because for the government to work on a contingency fund and setting aside something on the order of 38 billion-dollars as an insurance fund i you assume to brace for a possible run of the banks or a fear that the banks get hit or the financial system gets hit, they're not idiots over there. what do they fear? >> no. they are fearing that the inevitable reality, particularly with the spanish banking sector will play out possi

this is germany, merkel versus putin, isn't it? >> well, it is, and i mean, there's a lot at play here, frankly and i'm sure, actually the current administration here in the united states is watching this keenly thinking, really, you can do that? but i think that, you know, that the russians are making a play in cyprus in part because there's an oil and gas issue here going on and that actually is sort of over the top of this question of the russian money that's sitting in cyprus and how much of a hit. you could be talking about, again, about 3 billion dollars of russian money, most of it coming from questionable sources over the years, being scooped up by germany, by the eu, to try to finance this bailout in part. but, the russians are very adept at playing politics with the eu, and there again, there's an energy issue that russians are trying to use some gazprom, the big russian company in there to take control of those fields. and to start developing it. if they do, they've locked up another energy source that the eu has been ke