and it i'm annette young. let's look at what is going on this hour. define his minister says there are a few minor details to be sorted out with the greek debt talks. japan restarts its first nuclear reactor under new rules following the 2011 fukushima disaster. tensions remain high in the u.s. town of ferguson as a state of emergency is declared. police have made numerous arrests. protests continue to mark the first anniversary of the killing of michael brown.
and ago we begin in athens, where greek officials and international vendors have clinched and apparently 85 billion euro bailout agreement, after marathon talks continued throughout the night. officials are saying that minor details need to be sorted out, but it raises hope that aid can be dispersed at a time for major read -- major debt repayment. let's listen to what the european commission spokeswoman had to say. in principle on a technical basis, talks are still ongoing. is when the step political assessment will be made. annette: i am joined by kate moody from the business desk.
brussels is being rather cautious, but what is athens saying? are beingk officials optimistic, talking about white smoke in the face of deals, several months of negotiations. greek officials say this package will be worth 85 billion euros over the next three years. 10 billion euros of that is expected to go to recapitalize greek banks. that will happen quickly in the months to come. at least 3 million will have to come back to the european central bank. athens has at least a 3.2 billion euro payment that is due next week, august 20. that is the first order of business. we do not know the minor details that greek officials say need to be ironed out. greek finance ministry says it should overall affect the restructured -- shouldn't affect the overall structure of the deal. things like the pension system, rises, asses, vat
well as the 50 billion euro privatization fund. they will be sold off to raise money for the government. crucially, we know a lot of these reforms will have to be put into effect and implemented before creditors are willing to hand out any of this money. annette: what are the next steps? kate: we will have to iron out those minor details that still remain. the two sides will have to reach a political as well as a technical agreement. be ratified has to by parliament both in athens and in berlin. the terms may prove to be a tough sell, both for alexis tsipras and angela merkel. each being accused of various parties of betraying their principles for various reasons. it seems the plan could get the red light -- the green light, rather. 18 euro zone finance ministers will have to give the go-ahead. that could happen as early as friday. we are likely to see greek
lawmakers passing some of the reforms they committed to because creditors have reached the release of their funds to the implementation of these promised reforms. we are likely to see the privatization program put into effect, as well as the liberalization of energy markets. annette: how are the markets reacting? kate: the athens stock exchange has been cheering this news. that is where we are seeing the biggest bounce, the athens stock exchange trading well up over 1.5% midway through the session. the other european indices are being driven mostly by external factors, not too focused on the greek deal. well down overax 1%. the -- has been reacting to this unexpected dip in business confidence in germany. there are other factors at play. the chinese central bank devaluing its currency. there is a lot driving the stock market is tuesday. european investors are waiting
for the great deal to be signed. they have been focused on this for months. i think we can expect to see a boost for the european markets later in the week if and when the deal is finally sealed. annette: thanks for that. in other news, japan is to restart its nuclear energy program by switching on a nuclear reactor in the southern part of the country. all japanese reactors were shut down after the fukushima accident in 2011. to restartent's move its nuclear energy program has been long disputed. return totroversial nuclear energy. just four years after the fukushima disaster, shinzo abe's government said it is time to restart its power plants. it must reassure an anxious public that tougher safety regulations will prevent another catastrophe.
>> we have already made a clear decision on the restart. based on this decision, one plant has resumed operation today. were gathereders outside the plant, among them the country's x prime minister who was in charge when the 2011 fukushima meltdown occurred. japanese,ajority of he is staunchly against the return to nuclear energy. >> we cannot predict accidents. that is why they happen. all the necessary precautions have not been taken. >> but tokyo was determined to go ahead after japan's energy bill post fukushima spiral out of control. shinzo abe's government hopes to meet 20% of the country's energy needs with nuclear power by 2030. this nuclear plant alone could save $60 million a month in imported fossil fuels. of the reported three off-line
applied for have safety inspections. there are also fears that the government has not provided sufficient evacuation plans in the case of another accident. after fukushima, over 160,000 people had to flee the contaminated area. annette: for more on the story, i am joined by a physicist and researcher. harry, how risky a move is it for japan to restart a nuclear reactor? harry: it depends on the reactor. thehe case of sendai, sendai reactors are among the .ery most recent ones they were finished around 1984. as opposed to fukushima, which was finished in 1970. so they are more moderate.
they are in a safer area, which is very important, from the point of view of earthquakes. that is the good side. the bad side is the general is,ic, the master concept do you want an energy transition in japan as in the rest of the world, or do you want to keep fighting to keep the old companies, the old prophets, the old organizations, so-called nuclear village, between the government, the companies, and their owners? that is the basic question. so there are three problems. safety, reprocessing, waste. and at annette: talk about the environmental processes. if japan does a major restart with going up to say,
20% of the energy that they need, that means they are going to restart reactors in places faultsou have geological . japan is the worst place in the world to build a reactor anyway -- that isall the how japan was built. is definitely not viable for long-term. because at one time or another, there is going to be an earthquake. for example, near tokyo, 30 million people, is an earthquake takes place and one is set to take place in the coming years, it can be an ultimate catastrophe not only for japan but for the entire southeast. annette: is nuclear energy the
only feasible energy option for the japanese government? harry: definitely not. is -- japanese government the prime minister is fighting. the government is going against the energy transition. japan is one of the best places in the world to do an energy transition because they have the industry, the know-how, the competence, and they have the prices for building things. they could develop wind, which is a priority in other countries like denmark. why doesn't japan develop wind? it should. solar prices for individual housing -- solar prices in japan are cheaper than the average price of electricity at the moment. a matter of organizing the grid. that is a real problem. it will take time, but the
japanese have all the confidence. they could do it, and they chose not to. annette: this is all coming against the backdrop of the government changing the law that gives armed forces limited power to engage in foreign combat since the first -- for the first time since world war ii. is this part of the general approach? harry: i think you are touching the heart of the question. is not so much a matter of economics anymore. it is a part of the power of politics. they want to change the constitution. japan has more than 10 tons of plutonium. that makes thousands of potential bombs, which japan did not say they want to make bombs for the moment, but they could do it in a matter of months. so much.thank you and other news, a state of emergency is in force in the u.s. city of ferguson amid protests marking the anniversary
of the death of black teenager michael brown. -- the teenager was charged with shooting at other police officers. our correspondent has more. >> another night in ferguson marked by violence. several arrests were made after protesters faced off against police just meters away from where michael brown was shot dead last year. a state of emergency was declared earlier. calm. urging >> get off the roadways. >> protesters are angry after another black man was shot by police during demonstrations sunday night. according to ferguson police, 18-year-old tyrone harris, a friend of michael brown, fired at officers, who then returned with gunfire. >> please get him some help! says harrisather was running to police to ask for
help. mostly peaceful protests remembered michael brown a year after he was shot by a white police officer. his death sparked the black lives matter movement, which fights against racial inequality and police brutality. according to the justice department last march, black people in ferguson have been victims of systemic racial abuse. president,raine's petro poroshenko, has called with -- has called for an urgent meeting with french, russian, and foreign officials. searcher -- one ukrainian soldier was killed in attacks. the heaviest artillery attacks are being carried out on government positions in six months. a damaged house with no gas or electricity.
this is a town in eastern ukraine. at about 9:00 a.m. they started showing. the whole apartment was covered with debris. people had to flee for their lives. we have no windows. we have nothing. >> the signs of conflict are everywhere. broken windows, collapsed roofs, bullet marks on walls. >> they are killing us like dogs. since the 25th, they are showing nonstop. yesterday they started at 8:30 a.m. and finished at 4:00 p.m. around it, continues and residents say it has gotten worse over the past few weeks. ukraine's army spokesman says rebels showing has intensified over the past 24 hours. >> yesterday we recorded 127 of the on positions anti-terror operation. this is the largest number since
the end of the battle. in two different cities, one a port city under ukrainian control. the army claims and offensive was launched on government troops there. , carsnday in donetsk belonging to otc observers were torched. this violence shows no sign of abating. annette: a child sex scandal has rocked the small pakistani town near the country border with india. it is thought to hundred 80 ,hildren were sexually abused with the gang responsible blackmailing families with the footage. the case has sparked national outrage. our correspondent reports. >> it is being called the largest child abuse scandal in pakistan's history. in this --family
families in this town were blackmailed into silence by a sexuallyen they say abuse some 280 miners. >> they drugged me and abused me. they made the video and then blackmail me a lot. they demanded money and jewelry from me. >> around 30 videos are thought to have been seized so far. many contain sexual abuse of as 12.n as young >> it is a gang that has 15 to 21 members. these people have been sodomizing and raping boys and girls under 15 and female it -- and filming it since 2009. >> the case has provoked rage across pakistan, with many wondering how such a crime can go uninvestigated for so long. they see what happened as indicative of a wider
culture of silence around the country. >> what is happening in the society ? there is a dire need to devise something. >> only last week, local authorities dismissed allegations of abuse as unfounded. but several days on, the country's prime minister is vowing no mercy for those found tilt the. so far 12 -- those found guilty. so far 12 suspects have been arrested in connection with the case. annette: the environmental protection agency says a leak that turned the kuala router river yellow has caused -- the colorado river yellow has caused three times as much pollution as originally thought. the pollution includes lead, and cadmium, and arsenic.
the nepalese prime minister and other political leaders are angerg for calm after flares over the killing of two protesters. during a rally against the new constitution. nadal will be divided into six provinces. pal will be divided into six provinces. there is public concern over the health of the world's longest-serving monarch. the 87-year-old has been in the hospital since may. news, googleness is to reorganize its business under a core company called out the bit company will still be under google, but a lot more than -- our correspondent
reports. >> from domes to cars, google has risen way beyond search engines. so much so, it is having to split into several smaller companies under one umbrella. it is called out for that -- alphabet. a is for ambition. google wants more room for blue balloons or to test google cars. b is for business. separate- several companies will be more competitive. see is the ceo. larry page will head up out of -- larry pageelen will head up alphabet. this company will only run the search engine, web advertising, and youtube. and finally, w is for wall street.
google will now be traded at alphabet. the tech giant's shares are up 7% in after-hours trading. annette: australian prime minister tony abbott says the country will cut greenhouse gas to 26% -- by 26% by 2030. the right-wing leader's announcement, however, has sparked strong criticism from environmental groups. >> we had be economically responsible. annette: here is something to lift your spirits. wildlife fans have packed out a beach to witness baby loggerhead turtles hatching and heading out to sea. these pictures are from cammarata in the southwest of the country. marine biologists were on hand to check out the newborns. they say the fact that the
turtles are increasingly nesting in the mediterranean is proof that climate change is indeed impacting on sea temperatures. the reminder of what is making headlines. greece has reached a deal with its creditors on the new bailout of payment. it's finance minister says there are a few minor details to be sorted out. despite much public concern, japan is restarting its first new their reactor under new safety rules following the 2011 fukushima disaster. ino, tensions remain high the u.s. town of ferguson as a state of emergency is declared. police have made numerous arrests as protests continue to mark the first anniversary of the killing of michael brown. it is time now for the press review. welcome back. i am joined in the studio by flo. what is making headlines around the world, particularly in
paris, where each summer the -- it is really triggering a furious debate, very popularo: the pledges -- -- paris to celebrate its culture. on thursday, a big party is with food trucks, outdoor activities, a dj. the seine,el aviv on which has sparked outrage, especially among pro-palestinians. you can read about it in "le figaro." 300 police officers have been commissioned to guarantee the security of that event. parise: you even have one
city council are claiming that the event is indecent. she is from the far left party. she says the event was in decent and should not go ahead in its current form. why is that? she says it takes place just one year after the latest conflict in gaza, and it also comes at a time when the israeli government is intensifying its settlement policy. you can read about it in the communist paper, which agrees with her comments. her comments have been deemed anti-semitic by a jewish group -- by jewish groups, but if you take a look at a cartoon, they really agree with her. -- you canbout no see here, this is paris. it looks like a war zone with city hall in the background. they say just one year ago in 2014 you had the war in gaza. ,here were 2200 casualties
including 506 children. annette: the paris council remains defiant, saying that the event has to go on. the paris council says that the point of paris plages -- to cancel the event would be to give in to radicalization. you can read about it in "the huffington post your." in article lashes out against what it calls knee-jerk reaction against anything related to israel. "let's not makes everything up. a city, tel aviv, is not a state. it is not israel. on top of that, if there is one place in the world where there is a yearning for freedom and peace, it is in fact tel aviv." annette: in ferguson, missouri,
it is once again in the spotlight as protesters mark the one-year anniversary of michael brown's death. flo: and there were skirmishes between protesters and police. you can read details in "the washington post." local authorities declared a state of emergency in the ferguson area, that there was fresh violence between protesters and police. "the washington post" talks about a state of emergency and a state of frustration. many locals feel like not enough has changed since august of 2014, when michael brown's death took place. to quote one activist there, "it is like august 2014 all over again." the main chinese paper, "china daily," focuses on the events in ferguson with its cartoon. they are talking about the issue of white police brutality on young black men. rights, issue of human and interesting cartoon coming from the official state paper in china. annette: other papers are arguing that there has been
change since the events in ferguson. flo: a very interesting article today. that the events in ferguson really changed america. on august 9, 2014, the event that took place, this was not the first time this has happened, but this shooting was the straw that broke the camels back, according to slate. the events in ferguson brought to light the system and sparked a nationwide debate on race and police brutality, a debate that is still ongoing. why is this one event the one that sparked this wave of change? a lot of it had to do with social media, according to "late." ." according to "slate ferguson was like an earthquake, according to "slate," a tectonic shift in the debate on race and
announcer: this is a production of china central television america. mike: the power of the written word. it has changed history, documented life's most poignant moments and helped us find our best selves. this week on "full frame," conversations with some of today's most acclaimed and best-selling writers. i'm mike walter coming to you from the heart of new york city's vibrant times square. let's take it "full frame."