and unbelievable -- the power of the church of cyprus. northern italy is an earthquake- prone region, so to the people in northern italy, it is a familiar feeling when the ground starts to trimble, the plates and cups on the shelves start to rattle, and their own four walls suddenly start to not feel safe anymore. one year ago, when region was hit by a quake so severe that houses collapsed and people were killed. although the government promised aid to rebuild the area, people have been left more less alone for construction work. >> this giant breakfast side has just about survived the earthquake. a -- this giant brick facade. the cathedral has become a symbol for the destruction caused by the earthquake that struck the region's last year. only firemen are allowed to enter the building. they are working to make it safe, as part of it could crumble at any moment. but it is a race against time. the priest is certain that the cathedral will not survive another winter. >> this is our history, our identity. the cathedral has to be rebuilt quic

and unbelievable -- the power of the church of cyprus. northern italy is an earthquake- prone region, so to the people in northern italy, it is a familiar feeling when the ground starts to trimble, the plates and cups on the shelves start to rattle, and their own four walls suddenly start to not feel safe anymore. one year ago, when region was hit by a quake so severe that houses collapsed and people were killed. although the government promised aid to rebuild the area, people have been left more less alone for construction work. >> this giant breakfast side has just about survived the earthquake. a -- this giant brick facade. the cathedral has become a symbol for the destruction caused by the earthquake that struck the region's last year. only firemen are allowed to enter the building. they are working to make it safe, as part of it could crumble at any moment. but it is a race against time. the priest is certain that the cathedral will not survive another winter. >> this is our history, our identity. the cathedral has to be rebuilt quic

and uelieble -- the por of the church of cyprus. northern italy is an earthquake- prone region, so to the people in northern italy, it is a familiar feeling when the ground starts to trimble, the plates and cups on the shelves start to rattle, and their own four walls suddenly start to not feel safe anymore. one year ago, when region was hit by a quake so severe that houses collapsed and people were killed. although the government promised aid to rebuild the area, people have been left more less alone for construction work. >> this giant breakfast side has just about survived the earthquake. a -- this giant brick facade. the cathedral has become a symbol for the destruction caused by the earthquake that struck the region's last year. only firemen are allowed to enter the building. they are working to make it safe, as part of it could crumble at any moment. but it is a race against time. the priest is certain that the cathedral will not survive another winter. >> this is our history, our identity. the cathedral has to be rebuilt quic

little bit but let's talk about the really scary issue ellen that you've been writing about post to cyprus bail in being implemented elsewhere big banking institutions pretty much planning or vying for this the ability to do this what other countries are looking to implement this and you recently wrote an article about the u.s. insured deposits that are supposed to be insured up to two hundred fifty thousand dollars but you outlined that this isn't necessarily the case why do you think that will eventually see a loss of deposits right here in the u.s. to. well there are the g twenty has bought into this whole bail an idea. the. committee that was set up to regulate banking that we that we all signed on to in two thousand and nine has issued these bail in templates where all the all the countries are supposed to have these plans set up where in the event the unlikely event they say a major bank bust then the banks will recapitalize themselves by converting their deposit well there the way it's worded is their creditors money into equity or stop. but their creditors are the depositors the la

down a bit but let's talk about the really scary issue allan that you've been writing about post to cyprus bail in being implemented elsewhere big banking institutions pretty much planning or vying for this the ability to do this what other countries are looking to implement this and you recently wrote an article about the us insured deposits that are supposed to be insured up to two hundred fifty thousand dollars but you outline that this isn't necessarily the case why do you think that will eventually see a loss of deposits right here in the u.s. to. well there are the g twenty has bought into this whole bail an idea. the. committee that was set up to regulate banking that we that we all signed on to in two thousand and nine has issued these bail in. templates where all the all the countries are supposed to have these plans set up where in the event the unlikely event they say a major bank bust then the banks will recapitalize themselves by converting their deposit well there the way it's worth it is their creditors money into equity or stock but their creditors are the depositors the la

little bit but let's talk about the really scary issue allan that you've been writing about post to cyprus bail in being implemented elsewhere big banking institutions pretty much planning or vying for this the ability to do this what other countries are looking to implement this and you recently wrote an article about the u.s. after the insured deposits that are supposed to be insured up to two hundred fifty thousand dollars but you outline that this isn't necessarily the case why do you think that will eventually see a loss of deposits right here in the u.s. to. well there are the g twenty has bought into this whole bail an idea. the. committee that was set up to regulate banking that we that we all signed onto in two thousand and nine. has issued these bail in templates where all the all the countries are supposed to have these plans set up where in the event the unlikely event they say a major bank bust then the banks will recapitalize themselves by converting their deposit well there the way it's worded is their creditors money into equity or stock but their creditors are the deposito

little bit but let's talk about the really scary issue allan that you've been writing about post to cyprus bail in being implemented elsewhere big banking institutions pretty much planning or vying for this the ability to do this what other countries are looking to implement this and you recently wrote an article about the u.s. deposits that are supposed to be insured up to two hundred fifty thousand dollars but you outline that this isn't necessarily the case why do you think that will eventually see a loss of deposits right here in the u.s. to. well there are the g twenty has bought into this whole bail an idea. the big committee that was set up to regulate banking that we that we all signed onto in two thousand and nine has issued these bail in. templates where all the all the countries are supposed to have these plans set up where in the event the unlikely event they say a major bank bust then the banks will recapitalize themselves by converting their deposit well there the way it's worth it is their creditors money into equity or stock but their creditors are the depositors the larges

little bit but let's talk about the really scary issue allan that you've been writing about post to cyprus bail in being implemented elsewhere big banking institutions pretty much planning or vying for this the ability to do this what other countries are looking to implement this and you recently wrote an article about the us that the insured deposits that are supposed to be insured up to two hundred fifty thousand dollars but you outline that this isn't necessarily the case why do you think that will eventually see a loss of deposits right here in the u.s. . too. well there are the g twenty has bought into this whole bail an idea. the. committee that was set up to regulate banking that we that we all signed on to in two thousand and nine has issued these bail in templates where all the all the countries are supposed to have these plans set up where in the event the unlikely event they say a major bank bust then the banks will recapitalize themselves by converting their deposit well they're the way it's worded is their creditors money into equity or stock but their creditors are the deposi

with with what's with what's happening in countries like cyprus it brings a lot of attention to that claim i don't think there's a lot of people that are fleeing you know greece and cyprus to buy big coins but what it did is it really brought it to the forefront and it really showed people that there is an alternative that they can't just tax you on the just remove your funds so i've had a lot of people that aren't from greece and are from cyprus but they look at it and they say that really scared me you know now i want to i want to look more closely. and that was my interview with jared cannot the founder and c.e.o. of trade how. and it's time for the daily deal this is perry and tell me why you see bon jovi in my notes explain this ok well one of the recession hit countries in europe us rock band bon jovi is essentially going to play a free concert in madrid spain so spaniards can afford to go there because we can organize originally have left spain off the tour list because they fear they will not be able to fill all the seats with the hiring of unemployment so bon jovi just said

decline i don't think there's a lot of people who are fleeing you know greece and cyprus to buy big coins but what it did is it really brought it to the fore. and it really showed people that there is an alternative that they can't just tax you want to just remove your funds so i've had a lot of people that aren't from greece or from cyprus but they look at it and they say that really scared me you know now i want to i want to look more closely. and that was my interview with gerry the founder and c.e.o. of trade how. it's time for the daily deal this is perry and tell me why you see bon jovi in my notes explain this ok well one of the recession hit countries in europe us rock band bon jovi is essentially going to play a free concert in madrid spain so spaniards can afford to go there because we can organize originally have left spain off the tour list because they fear they will not be able to fill all the seats with the high rate of unemployment so bon jovi just said he would sell the tickets at cost to the spanish fans but i don't know if this is fair to the other countries in eu

with with what's with what's been happening in countries like cyprus it brings a lot of attention to decline i don't think there's a lot of people who are fleeing you know greece and cyprus to buy big coins but what it did is it really brought it to the forefront and it really showed people that there is. an alternative that they can't just tax you want to just remove your funds so i've had a lot of people that aren't from greece or from cyprus but they look at it and they say that really scared me now i want to i want to look more closely. and that was my interview with gerry the founder and c.e.o. of trade how. it's time for the daily deal this is perry and tell me why you see bon jovi in my notes explain this ok well one of the recession hit countries in europe us rock band bon jovi is essentially going to play a free concert in madrid spain so spaniards can afford to go there because we can organize originally have left spain off the tour list because they fear they would not be able to fill all the seats with the hiring of unemployment so bon jovi just said he would sell the tic

i don't think there's a lot of people that are fleeing you know greece and cyprus to buy big coins but what it did is it really brought it to the forefront and it really showed people that there is an alternative that they can't just tax you on a just remove your funds so i've had a lot of people that aren't from greece or from cyprus but they look at it and they say that really scared me you know now i want to i want to look more closely. and that was my interview with gerry cannot the founder and c.e.o. of trade how. and it's time for the daily deal this is perry and tell me why you see bon jovi in my notes explain this ok well one of the recession hit countries in europe us rock band bon jovi is essentially going to play a free concert in madrid spain so spaniards can afford to go there because we can organize originally had left spain off the tour list because they fear they would not be able to fill all the seats with the hiring of unemployment so bon jovi just said he would sell the tickets at cost to the spanish fans but i don't know if this is fair to the other countries in eur

decline i don't think there's a lot of people that are fleeing you know greece and cyprus to buy big coins but what it did is it really brought it to the forefront and it really showed people that there is an alternative that they can't just tax you on a just remove your funds so i've had a lot of people that are from greece and are from cyprus but they look at it and they say that really scared me you know now i want to i want to look more clean. and that was my interview with jared cannot the founder and c.e.o. of trade how. and it's time for the daily deal this is perry and tell me why you see bon jovi in my notes explain this ok well one of the recession hit countries in europe us rock band bon jovi is essentially going to play a free concert in madrid spain spaniards can afford to go there because we can't organize originally have left spain off the tour list because they fear they would not be able to fill all the seats with the high rate of unemployment so bon jovi just said he would sell the tickets at cost to the spanish fans but i don't know if this is fair to the other cou

i don't think there's a lot of people who are fleeing you know greece and cyprus to buy big coins but what it did is it really brought it to the forefront and it really showed people that there is an alternative that they can't just tax you on the just remove your funds so i've had a lot of people that aren't from greece and are from cyprus but they look at it and they say that really scared me you know now i want to i want to look more closely. and that was my interview with jared cannot the founder and c.e.o. of trade how. and it's time for the daily deal of it is perry and tell me why you see bon jovi in my notes explain this ok well one of the recession hit countries in europe us rock band bon jovi is essentially going to play a free concert in madrid spain so spaniards can afford to go there because we can organize originally have left spain off the to our list because they fear they would not be able to fill all the seats with the hiring of unemployment so bon jovi just said he would sell the tickets at cost to the spanish fans but i don't know if this is fair to the other count

you know greece and cyprus to buy big points but what it did is it really brought it to the forefront and it really showed people that there is an alternative that they can't just tax you want to just remove your funds so i've had a lot of people that aren't from greece or from cyprus but they look at it and they say that really scared me you know now i want to i want to look more closely. and that was my interview with gerry the founder and c.e.o. of trade how. it's time for the daily deal this is perry and tell me why you see bon jovi in my notes explain this ok well one of the recession hit countries in europe us rock band bon jovi is essentially going to play a free concert in madrid spain so spaniards can afford to go there because we can organize originally have left spain off the tour list because they fear they will not be able to fill all the seats with the hiring of unemployment so bon jovi just said he would sell the tickets at cost to the spanish fans but i don't know if this is fair to the other countries in europe have to pay full price for their tickets while spain is g

towels of any individual whenever they want without requesting permission first and considering in cyprus the banks are worth seven times as much as the country's g.d.p. and a lot about for example they're worth twenty two times more the situation could be catastrophic than if you put it in that way so in a wall where banking secrets are no longer kept these havens may have to find another way to seduce the great. european regulators are being pushed to take drastic action due to wind revenues and soaring dead adding fuel to the fire are a series of tongue scandals involving top politicians and businessman court stashing the fortunes and illicit accounts under seal explains they could be many more of these revelations if the bailiff financial secrecy is lifted. because of this increased efforts from e.u. leaders and the pressure being piled on them there have been a couple of scandals that had arisen over here one of them in france which involves general he's a former budget minister who had had to step down from his position because he had lied about having an offshore account and is als

bail and it was suggested that cyprus sell their gold reserves to secure a loan now it's being suggested that italy issue gold backed bonds to monetize their gold essentially so gold during the course of this crisis period is inching toward something called an international reserve currency is being used how high banks to square the books on some of these countries like italy and cyprus and others so it is it is a case where it's you know follow what we do but don't follow what we say because behind the scenes it seems gold is now becoming increasingly more important your thoughts. go to becoming more important and will continue to become more important for people simply as a self-defense s. i mean i call it is the essential self defense as the two to protect your own assets and your own wealth from inflation and other for the financial crises and all this manipulation that the discussing here. i think among the officials and central banks and governments it's not that important because obviously if you look at the balance sheets of the major central banks now you know the leverage of th

beilin it was suggested that cyprus sell their gold reserves to secure a loan now it's being suggested that italy issue gold backed bonds to monetize their gold essentially so gold during the course of this crisis period is inching toward something called an international reserve currency is being used to help high banks to square the books on some of these countries like italy and cyprus and others so it is it is a case where it's you know follow what we do but what we say because behind the scenes it seems gold is now becoming increasingly more important your thoughts. i often go to becoming more important and will continue to become more important for people simply as a self-defense estimate i mean i call it is the essential self defense as the two to protect your own assets and your own wealth from inflation and other you know for the financial crises and all this manipulation that discussing here. i think among the officials and central banks and governments it's not that important because obviously if you look at the balance sheets of the major central banks now you know the leve

the cyprus crisis has almost worked in favor of the greek government. >> thank you very much. thece and spain are not only countries where there have been protests marking may day. these pictures that i'm about to show are from cambodia, where thousands of garment factory workers have been out demanding higher wages and better working conditions. in manila, the capital of the philippines, thousands marched, calling for more job protection and workplace rights. in turkey, protesters clashed with police in istanbul. water cannons and smoke grenades were used on the crowd. there have been demonstrations in japan and france. now than 400 people are confirmed dead after the collapse of a clothing factory building in bangladesh, a week ago. many are still missing. tens of thousands of protesters have taken to the streets of the to markdhaka international workers' day. th are demanding the death penalty for the building owners. we will join our correspondent in dhaka. these protesters, are they aware that there is some concern in the european union about the working conditions in the

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it in then also having their currency on something in his remaining old people's idea of calling this clown who just now return i'm sorry absolutely fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate proves. the reason the world. is. oh. well. science technology innovation all the latest developments from around russia we've gone to the future or covered. you know how sometimes you see a story and it seems so poorly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm trying hard markham's a big picture. of . some of these traditional chili lines they've been bred and developed and passed down from generation to. this is a total destruction of the culture of new mexico by telling them i mean this this is n

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency on something in his remaining old people's idea of calling this quote unquote we're just now returning to reality so lewdly fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate schools. presumably will. well. science technology innovation all the latest developments from around russia we've got the future covered. place. if. we speak your language will not advance. news programs and documentaries and spanish what matters to you breaking news a little tonnage of angles kidneys stories. you hear. it all to spanish find out more visit. play. play. play clean. and. wealthy british style. markets. find out what's really happening to the global economy with. no holds barred look at the global financial headlines kaiser reports. good leverage surely. to build. anything jim's mission to

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency on something in his remaining old people's idea of calling this quote i'm just now right here i'm sorry absolutely fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate schools. presumably will. well. science technology innovation all the latest developments from around russia we've got the future covered. admission free accreditation free transport charges free. range and free risk free. to tide free. download free broadcast quality video for your media projects and a free media oh don the r t dot com you. wealthy british style. markets why not canada. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune in to kaiser report on r g. download the official application to yourself choose your languag

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency going something in his remaining old people's idea of calling this quote i'm just now right here i'm sorry absolutely fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate schools. remain the world. some of these traditional chili lines they've been bred and developed and passed down from generation. to the told destruction of the culture of mexico by telling them i mean this this is not going to impact asylum in mexico whatever happens here . we're eating out about x. in the in the open a in all boarding and so forth for. genetically engineered crops why do you think this country is full of obese and sick people because we have a crappy food system. the book. live. live live live live. live . your mother live. the goodspeed. you. heard her. live her mother live. the luck a little

beilin it was suggested that cyprus sell their gold reserves to secure a loan now it's being suggested that italy issue gold backed bonds to monetize their gold essentially so gold during the course of this crisis period is inching toward something called an international reserve currency is being used how high banks to square the books on some of these countries like italy and cyprus and others so it is it is a case where it's you know follow what we do but don't follow what we say because behind the scenes it seems gold is now becoming increasingly more important your thoughts often go to becoming more important and will continue to become more important for people simply as a self-defense as it i mean i call it is the essential self-defense as the two to protect your own assets and your own wealth from inflation and other you know for the financial crises and all this manipulation that the discussing here. i think among the officials and central banks and governments it's not that important because obviously if you look at the balance sheets of the major central banks now you know t

beilin it was suggested that cyprus sell their gold reserves to secure a loan now it's being suggested that italy issue gold backed bonds to monetize their gold essentially so gold during the course of this crisis period is inching toward something called an international reserve currency this is being used to help the high banks to square the books on some of these countries like italy and cyprus and others so it is it is a case where it's you know follow what we do but what we say because behind the scenes it seems gold is now becoming increasingly more important your thoughts. go to becoming more important and will continue to become more important for people simply as a self-defense as it i mean i call it is. essential self defense as the two to protect your own assets and your own wealth from inflation and other for the financial crises and all this manipulation that the discussing here. i think among the officials and central banks and governments it's not that important because obviously if you look at the balance sheets of the major central banks now you know the leverage of th

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency on something in his remaining old people i did not call this quote i'm just now returning to the absolutely fascinating discussion many thanks again my guests in london in atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate schools. presumably will. the british stock. market. find out what's really happening to the global economy with. no holds barred look at the global financial headlines kaiser report. do we speak your language or not big. news programs and documentaries and spanish what matters to you breaking news a little tentative angles kid news stories. you hear. the spanish find out more visit. wealthy british style. markets why not come to find out what's really happening to the global economy. there are no holds barred look at the global financial headlines tune into kinds a report. well coming up on our t.v. moore oklahoma rem

and that might not happen where they don't trust the banks in cyprus but they certainly don't trust their information on the internet people seeing it and then also having their currency something in his remaining old people's idea of calling it quote unquote we're just now right here i'm sorry absolutely fascinating discussion many thanks again my guests in london atlanta and in dallas and thanks to our viewers for watching us here r.t. see you next time and remember prostate proves. the world. is a. some of these traditional chili lines they've been bred and developed and passed down from generation to. this is a total destruction of the culture in new mexico i tell you what i mean this is not going to impact the swelling in mexico whatever happens here. we're not in the in the world in all wars and so forth. genetically engineered crops why do you think this country is full of obese and sick people because we have a crappy food system. who needs to be told language such. as programs and documentaries in arabic it's all here on all t.v. reporting from the world's hot spots fifty y

bail and it was suggested that cyprus sell their gold reserves to secure a loan now it's being suggested that italy issued gold backed bonds to monetize their gold essentially so gold during the course of this crisis period is inching toward something called an international reserve currency is being used to help high banks to square the books on some of these countries like italy and cyprus and others so it is it is a case where it's you know follow what we do but don't follow what we say because behind the scenes it seems gold is now becoming increasingly more important your thoughts. i think go to becoming more important and will continue to become more important for people simply as a self-defense as i mean i call it is the essential self defense as the two to protect your own assets and your own wealth from inflation and other you know for the financial crises and all this manipulation that the discussing here. i think among the officials and central banks and governments it's not that important because obviously if you look at the balance sheets of the major central banks now you k

a counting on big checks from the you are group to prop up their aging economies cyprus is expecting the green light for the first of three billion euro installment of its bailout agreed in mush have to tears negotiations negotiations with international lenders greece has been relying on cash injections for the past three years and it's now banking on getting another four point two billion euro age tranches and it's also seeking approval for a further installment of three point three billion euros later this year displayed the greek government's claim that the money is bringing the economy back on track many believe the country is paying too high a price without help as now reports. as been three years says greece was granted its massive bailout by international lenders since then the harshest measures have driven the economy into the ground but some claim that the risk hope on the horizon for grace and that it's about to turn a corner let's see now how greece's economy fares today compared to what it looked like in the last full year before it needed rescuing starting with the count

a counting of big checks from the euro group to prop up that ailing economies cyprus is expecting the green light for the fastest three billion euro installment of its bailout agreed in march after turns negotiations with international lenders greece has been applying for lying rather on conscience actions for the past three years and it's now banking on getting another four point two billion euro a trial and it's also seeking approval for a further installment of three point three billion viewers later this year despite the greed government's claim that the money is bringing the economy back on track and many believe the country's paying too high a price for that help as much in a question our reports. as been three years says greece was granted its massive bailout by international lenders since then the harshest areas he measures have driven the economy into the ground but some claim that the risk hope on the horizon for grace and that it's about to turn a corner let's see now how greece's economy ferrous today compared to what it looked like in the last full year before it needed r

currency is being used to help banks to square the books on some of these countries like italy and cyprus and others so it is it is a case where it's you know follow what we do but don't follow what we say because behind the scenes it seems gold is now becoming increasingly more important your thoughts. i often go to becoming more important and will continue to become more important for people simply as a self-defense estimate i mean i call it is the essential self-defense as a two to protect your own assets and your own wealth from inflation and other you know for the financial crises and all this manipulation that discussing here. i think among the officials and central banks and governments it's not that important because obviously if you look at the balance sheets of the major central banks now you know the leverage of the financial system it's so big that their goals holdings as collateral are almost meaningless i mean the biggest owner of gold fishel is obviously the united states and their official gold holdings amount to i think four hundred billion years old and printing that in

loan the russian billions will lead to cyprus back in twenty eleven for five years at an interest rate of four point five percent the russian loan was now extended and the interest rate reduced to help cyprus combat its financial problems the details follow document that has been drawn up by international lenders which confirms it keziah has met all conditions for the ten billion euro bailout loan the bailout compiled by the troika will start with a three billion euro trance of cash later this lay. out tensions are brewing over austerity as france shows signs of wanting to loosen the spending reins france's fina minister pierre moscovici says the era of us thirty is over or germany in contrast continues to support the procedure the french finance minister says all star city on its own impedes growth his comments follow the european commission statement in that gave france two more years to reach its deficit targets as the economic recovery is expected to be delayed and in turn will give it she added the french president francois longed a boat turning against german inspired cas on its

the events in cyprus have led many to feel their savings could be threatened by a compulsory tax even though there is no sign of such a move. >> the results of this study suggests that germans are not especially optimistic about the future. still, as long as the money keeps coming in, they are prepared to keep spending. that's a sharp contrast to what is going on elsewhere in europe. >> for more on how german consumers are affecting the market, let's turn to frankfurt. >> the strong german consumer mood fueling traders moved to buy shares. the german dax on the upside is a bit of momentum due to disappointing u.s. economic data. surprisingly good news coming from deutsche bank, the largest german private bank, making a profit in the first quarter of almost 2.5 billion euros. the institute also did bolster its capital base with a huge and very successful capital increase. the euro was also recovering because italy finally has a new government and eurozone, one less problem. >> let's take a look now markets. up to buy a bit more than half a percent sign ending at 7913. eurostoxx slightl

received huge loans to prop up their ailing economies cyprus got the green light for the first three billion euro installment bailout agreed in march after tense negotiations with international lenders greece has been relying on cash injections for the past three years and it will now get another a tranche worth four point two billion euros and also a further installment of three point three billion euros later this year despite the greek government's claim that the money is putting the economy back on track many believe the country is paying too high a price for that help. over reports. has been three years says greece was granted its massive bailout by international lenders since then the harshest areas he measures have driven the economy into the ground but some claim that the risk hope on the horizon for grace and that it's about to turn a corner let's see now how greece's economy ferrous today compared to what it looked like in the last full year before it needed for eschewing starting with the country's output g.d.p. an indicator of the standard of living that's plummeted almos

the turkish republic of northern cyprus is always in favor of -- in cyprus we believe there is a lot of opportunity to reach an agreement on the cyprus issue. and this is an area which we continue to focus on. we have also discussed iran, afghanistan, and all of these issues. and we have also briefly touched -- >> welcome to power lunch. we are listening right flnow to the white house joint news conference. as soon as the question and answer session begins we will go back to that. but i am joined by my colleagues and partners. and john, i would like to start with you, if i could. i know that the president said that both he and the turkish prescribe agree that assad has to go, but was there anything in the language that indicated a ratcheting up of plans, perhaps, to take some action to get assad out of syria? >> if it was it was very knew answ -- nuanseed. something they want to see brought to a close as soon as possible. but i didn't hear anything to suggest that the president was getting ready to give the prescribe what he wants in terms of a much more aggressive u.s. role. you did

reached eight hundred seventy five thousand me yes that's more people than the entire population of cyprus clearly washington does not how about our resources to monitor each and every name on the list and as recent developments have. alan the u.s. government has also pallets of suspected terrorists from entering or leaving the country morning from new york line up or not are. all the terrorist identities a database was created in attempt to make sure every law enforcement body could be easily and to the balance of potential terror threat and managing editor of the monthly politics magazine of reason twenty four seven means there's a huge this actually creates more complications the great ironies is that the more information together and we do press or security organizations together more and more and more and more but somebody has to process that information is the more information you gather chances are the less you'll be doing any good and he datum that's in that database so you can have it as many names in there as you will on c.n.n. it's hundreds of thousands of just a million names i

to follow cyprus we examine not just moment. technology innovation all the developments around russia. covered. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else. and realize that everything you thought. was a big. download the. application you choose your language stream quality and enjoy your favorite. if you're away from your television just doesn't matter now with your mobile device you can watch on t.v. anytime anywhere. so when is rushing to reform its economy amid mounting concern it's next in line for the action plan includes the sale of fifteen state companies tax hikes and public sector wage cuts it comes out of european commission report at the end of the month and the e.u. nerves over the situation in slovenia it's got a tiny economy with a g.d.p. of about forty five billion euros and debts of banking system burden with around seven billion euros of bad loans no. doubt by transferring the non-performing loans of its largest banks to a newly established

received huge loans to prop up the ailing economy cyprus got the green light for the first three billion euro installment of its bailout agreed in march after tends to go she a sions with international lenders greece has been relying on cash injections for the past three years and it will now get another eight tranche worth four point two billion euros and also a further installment three point three billion euros later this year despite the greek government's claim that the money is put in the economy back on track many believe the country is paying too high a price for that help as medical chernova reports. as been three years says greece was granted its massive bailout by international lenders since then the harshest areas he measures have driven the economy into the ground but some claim that the risk hope on the horizon for gris and that it's about to turn a corner let's see now how greece's economy ferrous today compared to what it looked like in the last full year before it needed rescuing starting with the country's output g.d.p. an indicator of the standard of living that's plum

cyprus has officially become the layers here is own nation to be bailed out having approved that cash lifeline from brussels albeit one with harsh conditions attached that happen as the e.u. release new unemployment figures revealing that joblessness in march was at an all time high despite bad news across the block the european commission is actually predicting growth for the monitor us year but some experts say that's unrealistic. probably what the european commission knows about predicting economic growth forecast and you could probably write the back of a postage stamp to be honest with you i think that there's very little prospect of the european or the growing at any point in the future what i would say is that. even if you level the playing field at the moment you took away all the day all the problems in europe because it's extremely difficult to see how it would grow going forward because in order to compete with the chinese and the indians and the canadians of the australians what europe needs is to be regulated small kids and to cut the bureaucracy and the red tape and the

towels of any individual whenever they want without requesting permission first and considering in cyprus the banks were worth seven times as much as the country's g.d.p. at a loss about for example they're worth twenty two times more the situation could be catastrophic than if you put it in that way so in a wall where banking secrets are no longer kept these havens may have to find another way to seduce the bridge. the latest figures suggest the eurozone is sliding deeper into recession but while the hunt for tax evaders has done little to say the economy so far it has unearthed several scandals involving top politicians and businessmen and they could be many more to come if the veil of financial secrecy is lifted. now reports. because of this increased efforts from e.u. leaders and the pressure being piled on them there have been a couple of scandals that had arisen over here one of them in france which involves general he's a former budget minister who had had to step down from his position because he had lied about having an offshore account and is also under investigation for possibl

reached eight hundred seventy five thousand me yes that's more people than the entire population of cyprus clearly washington does not count but our resources to monitor each and every name on the list and. recent developments have challenged the u.s. government has also failed to suspected terrorists from entering or leaving the country according to new york bring up or not are to. all the terrorist identities database was created in an attempt to make sure every law enforcement body could be easily alerted about a potential terror threat and managing editor of the monthly politics magazine reason twenty four seven knees says a huge lists actually creates more complications the great irony is that the more information together and we do press or security organizations together more and more and to know more and more but somebody has to process that information so the more information we gather chances are the less you'll be doing any good if any data that's in that database so you can have it as many names and as you will want to know this hundreds of thousands of civilian names in there

bailout slovenia's i packaged of measures to avert a financial meltdown and it fears about a follow cyprus for that in just a moment. with . technology innovation all the developments around russia we. covered. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm target market is a big issue. download the official publication yourself choose your language stream quality and enjoy your favorite. if you're away from your television well it just doesn't matter how would your mobile device you can watch your t.v. any time anyway. welcome back you're watching our tina israel has given the green light for the construction of a further three hundred homes in a west bank settlement it's fear of the move could ward recent attempts by u.s. secretary of state john kerry to rekindle peace talks between palestinian authorities and israel so far this here israel's army has a victim almost four hundred palestinians from the west bank and a sma

the veiny is on a package of measures to avert a financial meltdown amid fears it's about to follow cyprus to talk about why the office brings. speak the language. programs and documentaries in arabic it's all here on. reporting from the world's books six of the ip interviews intriguing story are you. trying. to find out more visit. at the going down of the sun and in the morning we will remember them we will. again slovenia's rushing to reform its economy amid mounting concern it's next in line for an e.u. bailout the action plan includes the sale of fifteen state companies tax hikes and public sector wage cuts because the head of the european commission report due at the end of the month early you nerves of the situation in slovenia is scott a small economy with a g.d.p. of about forty five million euros only and that indebted banking system burdened with about seven billion euros a bad loans as levine is trying to prop it up by transferring the non-performing loans of its largest bags to a newly established bad bank meantime its credit rating was recently cut to junk by moody's says one

it's all eyes of brussels where finance chiefs are expected to approve new rescue loans for greece and cyprus later on here on the program we'll look at the greek economy after three years of cash injections from international lenders and try find out what they found should've gotten any better . turkey has the international community to act against the government of bashar al assad in neighboring syria and korea says it has evidence linking saturday's deadly blast in a border town to the syrian intelligence service damascus has denied any involvement to that tax which left forty six people dead and pointed the finger at turkey all she's part of clear has more now. turkey has blamed the syrian president bashar assad for these bombings without having undergone any kind of investigation what they have said is that syrian intelligence is to quote them the usual suspects now the difficulty turkish prime minister says that the organization and the members behind the attacks have been largely identified but what is worrying is that this does say it's a bad precedent to merely blame assad right away

and they're covered walk for two hundred fifty thousand dollars in their account and what we saw in cyprus by the way recently to me that was a canary in the mind shift this is what happens when banks go bust will it happen in the united states i don't believe so they'll call a bank holiday they've done it before if there's a crisis remember they closed wall street for a week when nine eleven happened and if you had certificates of deposit by the way you couldn't get a mount you couldn't cash or men because those of financial instruments traded on wall street sees c.d.'s were locked up and when so when i believe what will happen if there's a banking crisis and there's no reason to believe there won't be one because everything they're doing is not solving this problem all they're doing is to basing the currencies by printing more money i believe they'll do what they did back in one nine hundred thirty three but just different and that is they devalue the currency and people don't realize that in thirty three you were forced by the federal emergency banking act to turn in all your goal and g

towels of any individual whenever they want without requesting permission first and considering in cyprus the banks are worth seven times as much as the country's g.d.p. lots about for example they're worth twenty two times more the situation could be catastrophic than if you put it in that way so in a wall where banking secrets are no longer kept these havens may have to find another way to seduce the bridge. right there now that you use one for tax evaders has already resulted in several scandals involving top politicians and businessmen and as i. reports the current push for a lifting of bank secrecy could shine the light on an awful lot more shady. because of this increased efforts from e.u. leaders and the pressure being piled on them there have been a couple of scandals that had a recession over here one of them in france which involves general he's a former budget minister who had had to step down from his position because he had lied about having an offshore account and is also under investigation for possible tax fraud now over in germany another prominent figure who was the boss

received huge loans to prop up their ailing economies cyprus got the green light for the first three billion euro installment of its bailout agreed in march after tense negotiations with international lenders greece has been relying on cash injections for the past three years and it will now get another eight tranche worth four point two billion euros and also a further installment of three point three billion euros later this year well despite the greek government's claim that the money is putting the economy back on track many believe the country is paying too high a price for that help as media culture over reports. as been three years says greece was granted its massive bailout by international lenders since then the harshest areas he measures have driven the economy into the ground but some claim that the risk hope on the horizon for grace and that it's about to turn a corner let's see now how greece's economy ferrous today compared to what it looked like in the last full year before it needed rescuing starting with the country's output g.d.p. an indicator of the standard of liv

the trends journal the most recent journal featured a wide range of topics including the arab spring cyprus bail ins as well as the influence of the goldman during her lawyer i spoke to gerald's one day about his views on global currency wars and i asked for his take on partisan u.s. politics. you look at most people they either call themselves republicans or democrats left right center whatever they're locked into a belief system and in that belief system they keep repeating the same shallow message the same silly talking points and they live in by and die by those you cannot give them facts to change their minds facts do not count in a belief system and that's what we have going on right now look at the media they call themselves by their own by their own definitions they'll say that they'll call themselves centrist ills bill they'll call left wingers whatever they're locked in a belief system and that's the only thing that they listen to are their beliefs as a political atheist where do you put allegiance to the flag. no i certainly don't pledge allegiance to a flag and i certainly do no

what was your take on the bailout of cyprus? >> i think it was the only thing that could be done in the circumstances. but in a way it illustrates the problem. because if you're not careful, you're going to get a fragmentation in the eurozone. some countries are treated one way and other countries are treated another way. i think the last time we spoke, i said the only thing i think that works is a kind of grand bargain that deals not just with the liquidity issue but the solvency and the growth issues as well. and that means i'm afraid you've got to pursue policies for growth and policies for reform. but if you simply offer people austerity, one side, then no reform on the other, you're going to have a big problem. >> so what about the austerity, though, going on for example right now in the uk? all of a sudden we've got a mixed debate on whether or not, you know, david cameron and the chancellor's ideas are, you know, going to work because the economy is still looking anemic. >> well, here's the thing. for me, this debate betw