i nance ministers insist that greece -- finance insist that greece has to -- to receive bailout aid. >> we spoke earlier to our political correspondent in brussels and asked him if he believes the crisis is now behind us. >> i don't know if a major part is ahead of us. the crisis is certainly not behind us. as one who stands on the sidelines of these talks here in brussels, you can see the same old tensions. the balance between severe austerity and the need to give incentives to the public to help create wealth and growth. that is what the public in athens are protesting about -- too much austerity, not enough incentive, not enough job opportunities. certainly, this is not behind us. this economic crisis is much where it was before. that raises concerns for countries such as portugal and ireland, who are raising their way out of the bailout syndrome. if greece falls back, that could spell trouble ahead. >> staying with economic news and german exports fell unexpectedly in may. suffering the steepest incline in three and a half years -- in 3 1/2 years. fewer orders from the euro area,

i nance ministers insist that greece -- finance insist that greece has to -- to receive bailout aid. >> we spoke earlier to our political correspondent in brussels and asked him if he believes the crisis is now behind us. >> i don't know if a major part is ahead of us. the crisis is certainly not behind us. as one who stands on the sidelines of these talks here in brussels, you can see the same old tensions. the balance between severe austerity and the need to give incentives to the public to help create wealth and growth. that is what the public in athens are protesting about -- too much austerity, not enough incentive, not enough job opportunities. certainly, this is not behind us. this economic crisis is much where it was before. that raises concerns for countries such as portugal and ireland, who are raising their way out of the bailout syndrome. if greece falls back, that could spell trouble ahead. >> staying with economic news and german exports fell unexpectedly in may. suffering the steepest incline in three and a half years -- in 3 1/2 years. fewer orders from the euro area,

and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says business is are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people are unable to find work are becoming as common pleas here as strategies in a greek salad officially two out of three grads in greece or now unemployed it's not only about graduates most of all can find a decent job even of a master's degree have also decided to stay in science often for a while as well leading to an academic deadlock that so far even the brightest minds haven't been able to crack because of the latest star city measures by greece's creditors the so-called troika around seven hundred fifty scholars all ph d. holders elected to serve as faculty members of the national academy can't be officially appointed to their posts stuck in unpaid limbo they're also unable to use existing research facilities ev

-- they are not helping greece. the german finance minister has brushed off the criticism and praised the reforms that have been put in place. >> i'm very impressed by what greece has already achieved. this gives me confidence that greece will master the challenges before it. >> he did not travel to greece and the handed -- and he handed -- and d -- empty-handed. the money should play a part in helping greece get back on its feet. >> well, for more on this trip, we are joined by our correspondent in greece -- in athens, rather. the greek authorities have been very anxious to stop any protests while the german finance minister is there. have they succeeded? >> well, yes, in fact, it was a very, very quiet day. in fact, there is a sense of complete indifference that came out from the public. that said, however, we did hear some remarks from some politicians. one opposition lawmaker declared him persona non grata. a neo-nazi group made some sexist remarks about the government and also really recanted claims by greece f

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-- they are not helping greece. the german finance minister has brushed off the criticism and praised the reforms that have been put in place. >> i'm very impressed by what greece has already achieved. this gives me confidence that greece will master the challenges before it. >> he did not travel to greece and the handed -- and he handed -- and d -- empty-handed. the money should play a part in helping greece get back on its feet. >> well, for more on this trip, we are joined by our correspondent in greece -- in athens, rather. the greek authorities have been very anxious to stop any protests while the german finance minister is there. have they succeeded? >> well, yes, in fact, it was a very, very quiet day. in fact, there is a sense of complete indifference that came out from the public. that said, however, we did hear some remarks from some politicians. one opposition lawmaker declared him persona non grata. a neo-nazi group made some sexist remarks about the government and also really recanted claims by greece f

from greece's were in athens again monday -- from greece's creditors were in athens again monday. they are said to be unhappy with greece's progress on reforming its public-sector. they've given athens three days to prove it can fulfill conditions of its bailout or risk missing the next tranche of aid. a german newspaper asked greece's economics minister of the country was trying to win debt relief. he replied, "if we are reliable and able to surprise our partners positively with our savings efforts, i'm sure they will be ready to show their solidarity with greece." troika members have said they want to cut greek debt to sustainable levels, but have not said when that will happen. meanwhile, athens has missed a june deadline to furlough thousands of state workers, and issue troika inspectors are expected to bring up. >> they are bringing called europe hoss lost generation -- millions of young people with out prospect of ever having a job -- they are being called europe's lost generation. >> tomorrow, germany is set to host a special meeting of eu leaders and labor ministers to dis

from greece's were in athens again monday -- from greece's creditors were in athens again monday. they are said to be unhappy with greece's progress on reforming its public-sector. they've given athens three days to prove it can fulfill conditions of its bailout or risk missing the next tranche of aid. a german newspaper asked greece's economics minister of the country was trying to win debt relief. he replied, "if we are rel and able to surprise our partners positively with our savings efforts, i'm sure they will be ready to show their solidarity with greece." troika members have said they want to cut greek debt to sustainable levels, but have not said when that will happen. meanwhile, athens has missed a june deadline to furlough thousands of state workers, and issue troika inspectors are expected to bring up. europe hoss lost generation -- millions of young people with out prospect of ever having a job -- they are being called europe's lost generation. >> tomorrow, germany is set to host a special meeting of eu leaders and labor ministers to discuss ways of combating the crisis

as you know money again think inside or being invested in greece or the growth that after a few years that we could pay off everything that we owe the left does no choice they do the left let us decide whether to create the growth or take the measures they just tried to soak. our county we measured without anything now or do you smoke cigars or of course bring a traditionally strange point of view to the table if you look at your public debts and growing unemployment you can watch the full program later today but for now a preview. of business secretary vince cable as compared the bank of england to the taliban vince cable saying that the bank of england are jihadi for insisting banks have minimal capital reserves. then then this is all boy as i've said for years the bank of england are indeed like the taliban but only because they provided this safe haven for the jihadi of banking fraud who strapped on the debt packed suicide vests and blew up the entire frickin economy and that same taliban central bank is now papering over the bloody aftermath with little pieces of digital paper. a

tends to make them more alcoholic going to doesn't affect them and improve their overall condition as greece struggles to cure its ailing economy with cash we try to find out whether the billions of euros have been of any help. around one hundred prisoners who escaped during a prison riot have been recaptured in libya this as the son of alstad leader moammar gadhafi still awaits trial with tripoli refusing to hand him over to the international criminal court. and private companies in the u.k. argues do of hiring rogue detectives to steal their client's private data adding to the blanket surveillance concerns on leash by recent snooping leaks. to pm in moscow you're watching r.t.l. marina joshie welcome to the program. after having forced through further astaire the measure is greece is set to receive its next bailout installment it took the government a lot of africa to please its creditors greece's parliament approved the cuts after european partners threatened to pull out at the last minute while the bailout comes at the expense of souses of public sector jobs a rescue loan of four billion

-- protests in greece. >> tragedy in india. a school meal kills 20 children. >> and charges of a massive bribe in germany. there are just hours to go until a crucial vote in greece's parliament. lawmakers are debating whether to go ahead with government plans to cut thousands of jobs in the public sector. >> those cuts have been demanded by greece's international lenders in return for the next batch of bailout money. the threat is that that money will not be forthcoming if lawmakers are unable to get to the plan, and that could mean a new process. >> we will go live to athens and just a moment, but first, this report on another day's protests in greece. >> they are not ready to give up hope or stop fighting for their jobs. police officers paraded through athens to protest the proposals. they were joined by thousands of other public service workers including schoolteachers, transport workers, and even dozens of city mayors. >> for the rights of the people that work for the municipalities. >> up to 15,000 government employees cou

as greece struggles to cure its ailing economy with cash we try to find out whether the billions of euros have been any how. deadly clashes between an armed group and the military come just hours after a bomb attacks in the libyan city of benghazi this is the son of ousted leader muammar gadhafi awaits trial with tripoli refusing to hand him over to the international criminal court. and private companies in the u.k. are accused of hiring rogue detectives to steal their clients' private data adding to the blanket surveillance concerns unleashed by recent snooping leaks. through the am in the russian capital. and welcome to the program. now after having forced through furtherest area measures greece is set to receive its next bailout installment it took the government a lot of effort to please its creditors greece's parliament approved the cuts after european partners threatened to pull out at the last minute the bailout comes add the expense of thousands of public sector jobs a rescue loan of four billion euros will come from the eurozone and the european central banks the i.m.f. is also e

as you know money again i get think inside or vested in greece or the girls that after a few years. they all everything that's the left does no choice left does let us decide whether to create the growth or take the measures they just tried to soak. our county we. without any. minority is coming to you live from moscow and max kaiser brings an alternative point of view to the table as you looks at europe's ongoing debt and growing unemployment for program later today but for the meantime let's give you a very short preview. the business secretary vince cable has compared the bank of england to the taliban vince cable saying that the bank of england r g hardy's for insisting banks minimum capital reserves. vince then sven is all boy as i've said for years the bank of england are indeed like the taliban but only because they provided the safe haven for the jihadi of banking fraud who strapped on the debt packed suicide vest and blew up the entire frickin economy. and that same taliban central bank is now papering over the bloody aftermath with little pieces of digital paper. why walle

-- protests in greece. >> tragedy in india. a school meal kills 20 children. >> and charges of a massive bribe in germany. there are just hours to go until a crucial vote in greece's parliament. lawmakers are debating whether to go ahead with government plans to cut thousands of jobs in the public sector. >> those cuts have been demanded by greece's international lenders in return for the next batch of bailout money. the threat is that that money will not be forthcoming if lawmakers are unable to get to the plan, and that could mean a new process. >> we will go live to athens and just a moment, but first, this report on another day's protests in greece. >> they are not ready to give up hope or stop fighting for their jobs. police officers paraded through athens to protest the proposals. they were joined by thousands of other public service workers including schoolteachers, transport workers, and even dozens of city mayors. >> for the rights of the people that work for the municipalities. >> up to 15,000 government employees cou

or being invested in greece or the girls that after a few years. they are everything going to be all over open so it's not that we surprised that they didn't know that the lending money that no one could say we sued the recept. existence inside the eurozone and that we've the eurozone to try to find new balance is between cells and north because we have different speeds and now as you can see germany is the only one that decides and the power game should be reset the needs of tunisia's people's movement opposition party has reportedly been assassinated sparking clashes between police and demonstrators local journalist. gave us more details about the killing because morning do you know or tunisian people woke up on another and unfortunately she murdered to this teacher. a one member of. somebody who was shot. in one of her starbucks tunisia eleven shot. through him. another prominent opposition politician was assassinated in february this year plunging the country into a political crisis secularist chalky was killed in a very similar manner by gunme

and your question is much more broad and it's not doesn't just but again to greece i think that we are probably going to have to see a very low liquidity and upper level interest rates for a long wired to go because these global crisis is creating a dearth of aggregate demand worldwide so i'm not particularly wired about the increase in interest rates i know that this is a talk in the united states with the better one gets of announcing that he is pulling the plug from to eat but they've got to be a premise max we've got to agree whether it was a levered buyout or not i wish it where i wish there was a conspiracy there was no conspiracy made it was estimates spontaneous disorder was happening in the years up before and let it be fed up and they're oh my no personally he came in in two thousand and nine after the colby's us that had already happened and he was criminally negligent in the way he had to be but he was not about the conspiracy to sell out because i don't believe that and i need to state that and i didn't think there was a conspiracy what was going on between two thousand in

as a leveraged buyout in other words greek greece before the collapse it was roughly a four hundred billion dollar economy and you had a collision and cooperation amongst amongst others goldman sachs john paulson has fund manager pappa dreyer the former head of grace to essentially borrow a lot of money to take the country over and now they're selling off the assets to pay back part of that loan and then most of the income producing assets will go in the hands of foreigners and overseas bankers now for that's a to make sense even need interest rates to do what they've been doing for thirty years that is to say go down interest rates have been going down for thirty years as part of a secular bond market bull market in bonds so two questions number one is the secular bull market in bonds over because it appears as though interest rates are now starting to move up and maybe we're at the beginning of a secular bear market in bonds and so the second question is will this rising interest rate environment complicate an already complicated situation in greece yanis. well you will question i

you know a lot of people would describe what happened in greece as a leveraged buyout in other words greek greece before the collapse was roughly a four hundred billion dollar economy and you had a collision in cooperation amongst amongst others goldman sachs john paulson has fund manager pappa j.-o. the former head of grace to essentially borrow a lot of money to take the country over and now they're selling off the assets to pay back part of that loan and then most of the income producing assets will go into the hands of foreigners and overseas bankers now for that's a to make sense either interest rates to do what they've been doing for thirty years that is to say go down interest rates have been going down for thirty years as part of a secular bond market bull market in bonds so two questions number one is the secular bull market in bonds over because it appears as though interest rates are now starting to move up and maybe we're at the beginning of a secular bear market in bonds and so the second question is will this rising interest rate environment complicate an already compli

tends to make them more alcoholic going to affect them and improves that we've rolled condition as greece struggles to cure a failing economy with a bailout we try to find out what are the billions of euros have been of any help. around the hundred prisoners who escaped during a prison riot have been weak captured in libya this as the son of the ousted leader moammar gadhafi still awaits trial but tripoli refusing to hand them over to the international criminal court. and private companies in the u.k. are accused of hiring rogue detectives to steal their clients' private data adding to the blanket surveillance concerns unleashed by recent snooping leaks. thanks for joining in this hour it's noon here in the russian capital i'm lucy catherine and of course you're watching our t.v. well onto our top story now after having forced through further austerity measures greece is set to receive its next bailout re installment now it took the government a lot of effort to please its creditors greece's parliament had accrued approved the cuts after european partners had threatened to pull out at the

there is a piece from the new york times comparing detroit to greece. the greek economy is 1.5 the size of metropolitan detroit. he is cautioning against the reaction that took place after the fiscal crisis in greece. some politicians made it into a debate about fiscal rectitude as opposed to job creation. we can still learn from the way the people reacted. let the discussion get hijacked to make it into a fiscal deficit/austerity debate when it should be about growing the economy. this is in the guardian. capitalism has many successes, but this is a failure of capitalism. the auto industry -- the shareholders of the three big auto companies. the city was guided as a result. -- gutted as a result. >> wednesday, we are getting news in nearby dearborn, michigan, the ford motor company announcing earnings jumping in north america on strong pickup truck sales. also growing in asia. that is one of the issues that was talked about. an area that relies a little too much on one industry. >> absolutely. countries that are doing well in terms of gdp are diversifi

of reports now in greece is a brain drain. fortis has a master's degree in engineering management he got in the u.s. and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says business is are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people are unable to find work are becoming as common pleas here as strategies in a greek salad officially two out of three grads in greece are now unemployed it's not only about graduates most of all can find a decent job even of a master's degree and also decided to stay in science often in front of us while leading to an academic deadlock that so far even the brightest minds haven't been able to crack. because of the latest or city measures said by greece's creditors the so-called troika around seven hundred fifty scholars. elected to serve as fa

but first, on the frontlines in greece: the outrage over goverment cutbacks is just after the break. anger is reaching a fever pitch in greece, where the parliament has just approved a plan to fire 25,000 public-sector workers. the country remains deep in debt and was forced to make serious budget cuts to get a $1.8 billion bailout. liz alderman of the new york times is skyping with us this morning. good morning. protestors have been on the streets now for a week. what do you expect today? - most likely that's going to trigger even more reaction out on the street - more protests, more voices of people feeling, you know, a lot of despair. there's not a great future for these people who are going to see their jobs cut in a market where unemployment is nearing 30%. at the same time, the measures were considered very necessary by greece's creditors, because in the three years since greece received the first of what has now amounted to, over time, more than 300 billion euros' worth of assistance, one of the things that creditors said was that greece very much needed to reduce the size of

and your question is much more broad and it's not doesn't just but again to greece i think that we are probably going to have to see a very low liquidity trap level interest rates for a long wired to go because these global crisis is creating a dearth of aggregate demand worldwide so i'm not particularly worried about the increase in interest rates i know that this is the talk of the united states with ben bernanke is sort of announcing that he is pulling the plug from to eat but they've got to be a premise max with regard to grief whether it was a lever to buy out or not i wish it where i wish there was a conspiracy there was no conspiracy i mean if it was estimates spontaneous disorder was happening in your day years of if i had let me be fed up on their home i know personally if he came in in two thousand and nine after the whole these us that had already happened and he was criminally negligent in the way he handled it but he was not about a conspiracy to sell out because i don't believe that and i need to state that and i didn't think there was a conspiracy what was going on betwe

reports now on greece's braintree. fortis has a master's degree in engineering management he got in the u.s. and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says business is are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people are unable to find work are becoming as common pleas here as strategies in a greek salad officially two out of three grads in greece or now unemployed it's not only about graduates most of all can't find a decent job or even of a master's degree have also decided to stay in science often in front of us while leading to an academic deadlock that so far even the brightest minds haven't been able to crack. because of the latest star city measures by greece's creditors the so-called troika around seven hundred fifty scholars or holders elected to

athens greece. for more on this i'm not joined by katrina black who she is in athens right now she's one of the organizers of the protests taking place there in greece catarina this is already the third major strike this year and yet very little has changed why do you keep striking surely that's going to make things even worse for the country's economy. like hello from athens from my greece. we're still hoping there were still fighting and that's the thing as long as we agree where we keep on fighting. i know that many little things have changed in greece in the past three years during the strike case here but. we're hoping that things are going to get better and that's why i would do that demonstrate then i would do the best about this said. insulin masters the poisonous but the government needs to make these cuts in order to get that next big bailout fund if you don't get that bailout fund the country could seriously go bust you need that money to keep it afloat except that. put you to prevent que

and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says business is are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people are unable to find work are becoming as common pleas here as strategies in a greek salad officially two out of three grads in greece are now unemployed it's not only about graduates most of all can find a decent job even of a master's degree and also decided to stay in science often in front of us while leading to an academic deadlock that so far even the brightest minds haven't been able to crack because of the latest star city measures by greece's creditors the so-called troika around seven hundred fifty scholars all ph d. holders elected to serve as faculty members of the national academy can't be officially appointed to their ports stuck in unpaid limbo they're also unable to use existing research facilities e

has more on greece's brain drain. fortis has a master's degree in engineering management you got it in the u.s. and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says businesses are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people unable to find work are becoming as common pleas here as strategies in a greek salad officially two out of three grads in greece or now unemployed it's not only about graduates most of all can find a decent job even of a master's degree have also decided to stay in science often in front of us while leading to an academic deadlock that so far even the brightest minds haven't been able to crack because of the latest or city measures said by greece's creditors the so-called troika around seven hundred fifty scholars all ph d. holders elected

well unfortunately i've always argued that greece was never going to survive as long as it was in mode because the difficulty is that you know through involved at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely maybe arkell situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate not to see their law as the political experiment failed and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they have been sacrificed the alter of a ludicrous national political statement or supra national political statement whether you're looking at germany or whether you're looking at the european union as a whole there are lots of things greece can do but ultimately in terms of dealing with the bail ojt they have a

and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says businesses are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people unable to find work are becoming as common pleas here as strategies in a greek salad officially two out of three grads in greece are now unemployed it's not only about graduates most of all can find a decent job even of a master's degree have also decided to stay in science often in front of us while leading to an academic deadlock that so far even the brightest minds haven't been able to crack because of the latest star city measures by greece's creditors the so-called troika around seven hundred fifty scholars all ph d. holders elected to serve as faculty members of the national academy can't be officially appointed to their posts stuck in unpaid limbo they're also unable to use existing research facilities even

well on to our top story now after having forced through further austerity measures greece is set to receive its next bailout installment now it took the government a lot of effort to please its creditors greece's parliament had approved the cards after european partners threatened to pull out at the last minute now the bailout comes at the expense of thousands of private sector jobs a rescue loan of about four billion euros will come from the eurozone and the european central banks meanwhile the i.m.f. is also expected to stump up a further one point eight billion dollars in order to get these loans athens will have to fire four thousand civil servants by the end of the year well twenty five thousand more will have to be redeployed greece has been relying on these rescue funds for over three years now but as our tea party interviewed a financial expert by the name of patrick young and he explains it's done little to cure the country's financial woes. well unfortunately i've always argued that greece was never going to survive as long as it was in mode because the difficulty is that

well unfortunately i've always argued that greece was never going to survive as long as it was in mode because the difficulty is that you know through involved at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely mainly arkell situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate not to see their law you see political experiment fail and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they've been sacrificed the altar of a ludicrous national political statement or supra national political statement whether you're looking at germany or whether you're looking at the european union as a whole there are lots of things greece can do but ultimately in terms of dealing with the bail right they have a

and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for the skills he says business is are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people are unable to find work are becoming as common pleas here as strategies in a greek salad officially two out of three grads in greece or now unemployed it's not only about graduates most of all can find a decent job even of a master's degree have also decided to stay in science often in front of us while leading to an academic deadlock that so far even the brightest minds haven't been able to crack because of the latest star city measures by greece's creditors the so-called troika around seven hundred fifty scholars or ph d. foreigners elected to serve as faculty members of the national academy can't be officially appointed to their post stuck in unpaid limbo they're also unable to use existing research facilities

greece is set to receive a further two point five billion euro bailout from european lenders now that money should keep the country afloat until the next round of debt relief talks plans for the end of next year but in order to get this cash athens had to agree to thousands of public sector cuts and of course it's not the first time that greece has pressed on with the cuts demanded by its international creditors now the world financial crisis had caught the country with less than ten percent of its workforce unemployed but five years of biting austerity measures have devastated the jobs market now more than a quarter of the population is out of work and the latest finance ministry data shows that almost twenty three percent live below the poverty line now all that has forced people to seek better luck elsewhere and according to at least one report one hundred twenty thousand young scientists have left the country since two thousand and ten well arty's in office has more now on greece's brain drain. fortis has a master's degree in engineering management he got in the u.s. and hoped it

if you got a president of reports on greece's brain drain. fortis has a master's degree in engineering management he got in the u.s. and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says businesses are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people are unable to find work are becoming as common pleas here as strategies in the greek salad officially do out of three grads in greece are now unemployed it's not only about graduates most of all can find a decent job even over a master's degree have also decided to stay in science often in front of us while leading to an academic deadlock that so far even the brightest minds haven't been able to crack because of the latest star city measures by greece's creditors the so-called troika around seven hundred fifty scholars or ph d. holders elected

greece is set to receive a further two point five billion euro bailout from european lenders now the money should keep the country afloat until the next round of debt relief talks planned for the end of next year but a verb to get this cash athens has had to agree to thousands of public scepter job cuts and of course this is not the first time that greece has pressed on with the cuts demanded by its international creditors now the world financial crisis had caught the country with less than ten percent of its workforce employed but five years of biting austerity measures devastated the jobs market and now more than a quarter of the population are out of work and the latest finance minister ministries data shows that almost twenty three percent there live below the poverty line and all that has forced people to seek better luck elsewhere now according to one report one hundred twenty thousand young scientists have left the country since twenty ten or has more on the greek brain drain. fortis has a master's degree in engineering management gotten in the u.s. and hoped it would help him

with greece about to get its next bailout tranche at the cost of thousands of more jobs if we report on the deadly addictive nemesis that's driving among those who've suffered years of raging unemployment. explosions jailbreaks and intransigents over justice posted off you leave your injuries more deadly chaos while tripoli refuses to hand over that dad leader's son to the hague for trial. and wrigley considers revealing over one hundred companies accused of paying private investigators to legally obtain klein's personal data as pressure from peoria as m.p.'s mounts. this is r.t. coming to you live from the russian capital i'm marina joshie welcome to the program greece has got its next desperately need a bailout installment of proved by the skin of its teeth the money comes at the expense of thousands of public sector jobs even though prime minister some are says he stop objective joining the country's upcoming presidency is an economy free from the scourge of unemployment while the rescue loan of for a billion euros will come from the euro zone and the european central bank the i.m

employees will lose their jobs by the end of the year up to one thousand workers are being fired in greece every day according to surveys by a statistical authority since two thousand and nine unemployment has skyrocketed from a little over nine percent to almost twenty seven percent and greece's economic output has plunged by almost one hundred billion euros artie's you've got a piece going off as a story for us. protected by law since the nineteenth century public workers are still considered to be the foundation of the greek economy but its creditors have demanded that the government cuts up to twenty five thousand public jobs before the end of this year otherwise greece is not going to get its latest financial aid package worth over six billion euros so doctors teachers security guards when you spoke police public transport drivers and others have all gone on strike and gathered at the country's problem in athens to fight for their jobs it's just the beginning they have in mind to destroy every public service in greece we need teachers we need people in the health sector sector we need

well unfortunately i've always argued that greece was never going to survive as long as it was in mode because the difficulty is that you know throwing vodka at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely maybe arkell situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate not to see their law you see political experiment fail and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they have been sacrificed at the altar of a ludicrous national political statement or supra national political statement whether you're looking at germany or whether you're looking at the european union as a whole there are lots of things greece can do but ultimately in terms of dealing with the bailout they have a f

well unfortunately i've always argued that greece was never going to survive as long as it was in mode because the difficulty is that you know through involved at alcoholics just tends to make them more alcoholic and it doesn't affect them and improve their overall condition really what greece has always needed to do was to leave the euro and declare bankruptcy it's the only way that it can feasibly restructure what's going on instead what we have is this absolutely maybe awkward situation where in order to manage to stay in the euro we have a series of political forces in western europe who are desperate not to see their law you see political experiment fail and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they have been sacrificed the alter of a ludicrous national political statement or supra national political statement whether you're looking at germany or whether you're looking at the european union as a whole there are lots of things greece can do but ultimately in terms of dealing with the bail right they have

and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says businesses are simply afraid of hiring new staff because there is all these unstability even don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people unable to find work are becoming as common pleas here in a greek salad officially two out of three grads in greece or now unemployed it's not only about graduates most of all can find a decent job even of a master's degree have also decided to stay in science often in front of us while leading to an academic deadlock that so far even the brightest minds haven't been able to crack because of the latest star city measures by greece's creditors' the so-called troika around seven hundred fifty scholars all ph d. holders elected to serve as faculty members of the national academy can't be officially appointed to their ports stuck in unpaid limbo they're also unable to use existing research facilities even if they are wi

like not a new center date with greece about to get its next bailout tranche of the cost of thousands of more jobs we report on the deadly addictive nemesis that's thriving on those who've suffered years of raging unemployment. explosions jailbreaks and intransigence over justice post gadhafi libya in june was more deadly chaos while tripoli refuses to hand over the dead leader's son to the hague for trial. and britain considers revealing over one hundred companies accused of paying private investigators to illegally obtain clients personal data as pressure from furious m.p.'s mouths. even this is r t it's kevin owen here with me this hour our top story that greece has got its next desperately needed bailout installment approved by the skin of its teeth the money comes at the expense of thousands of public sector jobs though even though promises simyra says his top objectives are in the country's upcoming presidency is quote an economy free from the scourge of unemployment well the rescue load of four billion euros will come from the eurozone the european central bank the i.m.f. so al

you go to school of athens greece. and as per usual or artist max keiser brings a rather alternative point of view to the table as he looks at europe's public debts and a growing unemployment for show is going to be in about seventy one minutes from now if you can stay with us for that. the u.k.'s business secretary vince cable as compared the bank of england to the taliban vince cable saying that the bank of england are jihadi he's for insisting banks have minimum capital reserves then then this is all boy. surgery use of bank of england are indeed like the taliban but only because they provided this safe haven for the jihadi of banking fraud who strapped on the debt packed suicide vest and blew up the entire frickin economy and that same taliban central bank is now papering over the bloody aftermath with little pieces of digital paper. or before we get to the r.c. world update finale put our attention to cuba as the us senate has held a hearing on the closure of guantanamo bay prison for the first since two thousand

coming up the ox swings again on jobs in greece after the break we reveal how the government just planning to appease its trickle lenders by making thousands more unemployed. i've seen the perception of the cross many times it doesn't matter if there's snow a heat wave or hail stones from people keep on going i don't expect anything i just want i told myself i keep on going as long as my heart told me to that's all i wanted at the moment mickey i have sinned so. i'm carrying these sayings on my shoulder. do you want me to put a bandage here you know that's fine a lot of people were so exhausted they could barely walk their feet hurt and some of them fainted we've already vacuity three too wanted to keep going i don't know what tomorrow will bring. wealthy british style it's time to. go. to the. markets why not scandal. find out what's really happening to the global economy cause a report on. israel has allegedly used a turkish military base to launch a strike on syria now that information came from an r.t. source earlier this week ankara meanwhile strenuously denies any such an involvement

still to come the swings again on jobs in greece after the break we take a look at how the government's use its troika lenders making thousands more unemployed stay with us here on our. some of these traditional chili lines they've been bred into bill passed down from generation. this is a total destruction of the culture. this is not going to. happen here. in the in the world. why do you think this country is full of obese and sick people because we have a crappy food system. download the official publication. choose your language stream quality and enjoy your favorite. if you're away from your television. how would your mobile device if you could watch on t.v. anytime anyway. thanks for staying with us fifteen minutes past the hour israel allegedly used a turkish military base to launch a strike on syria the information coming from an r.t. source this week as on strenuously denied any involvement its claim that israel's latest attack on syria happened on july fifth targeting a russian made battery of anti ship missiles our middle east correspondent paula sleeper has more. there was a

with greece about to get its next bailout tranche of the cost of thousands more jobs we report tonight on the deadly addictive near misses the thriving on those who suffered years of raging unemployment. explosions jailbreaks and intransigents over justice post gadhafi libya reduced more deadly chaos while tripoli refuses to hand over the dead leaders certain to the hague for trial to investigate that is out. of britain considers revealing over one hundred companies suspected of paying private investigators who then illegally obtained clients personal data as pressure from furious emptied mouths. even if you just joining us is kevin owen here with you this hour it's now just after eleven pm moscow time greece's got its next desperately needed bailout installment approved by the skin of its teeth but the money comes at the expense of thousands of public sector jobs even though prime minister says his top objective jury in the country's upcoming a presidency is quote an economy free from the scourge of unemployment the rescue load of four billion euros that is going to come from the euro

to fight for their jobs it's just the beginning they have in mind to destroy every public service in greece need teachers we need people in the health sector schecter we need people for the. garbage for everything past six years the greek economy has been in recession on the one it is at twenty seven percent but there are many of those who do work officially but haven't seen their salaries in months if you had all three graduates are able to find a job there's a rise of drug addicts and the firm was including those with a fired a shot and decades worth of work experience but the general feeling on the street is not only the government which is to blame for the situation we have people in the grown men in the private sector people in the gromit now independent in the public sector for the state for the first time show that we is needed is a new policy you policy not only in greece but new policy in the european union a new policy in the eurozone no matter what happens next labor unions like you organisation say it's not going to back down until the troika and brussels especially realizes it'

and hoped it would help him find a job in greece but for months now this logistics mastermind hasn't been able to find a use for his skills he says business is are simply afraid of hiring new staff because there is all these unstability they don't know what will happen in the two or three months later so there is zero investment going on in the market highly educated people are unable to find work are becoming as common pleas here as strategies in a greek salad officially two out of three grads in greece or now unemployed it's not only about graduates most of all can find a decent job even of a master's degree have also decided to stay in science often forever as well leading to an academic deadlock that so far even the brightest minds haven't been able to crack because of the latest star city measures by greece's creditors the so-called troika around seven hundred fifty scholars all ph d. holders elected to serve as faculty members of the national academy can't be officially appointed to their ports stuck in unpaid limbo they're also unable to use existing research facilities even i

with greece about to get its next bailout tranche and the cost of thousands of more jobs we report on the deadly addictive nemesis that's thriving among those who have suffered years of raging unemployment. explosions jailbreaks and intransigents over just this post could obviously be a enjoys more deadly chaos while tripoli refuses to hand over the dead leader's son to the hague for trial. and britain considers revealing over one hundred companies accused of paying private investigators to illegally obtain klein's personal data as pressure from furious m.p.'s mounds. this is r t coming to you live from moscow i'm marina josh welcome to the program now greece has got its next desperately need a bailout as tilman approved by the skin of its tees the money comes at the expense of thousands of public sector jobs even though prime ministers to mars says he stop objective jury a country's upcoming presidency is an economy free from the scourge of unemployment the rescue loan of four billion euros will come from the euro zone and the european central bank the i.m.f. is also expected to hand