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May 6, 2015
05/15
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-- an on anti-austerity platform. it country where ignoring and fighting old rules is practically a way of life, from tax evasion to serious forms of corruption. as i discovered on a recent trip to greece, the way of life shows up in surprising places. corruption in greece is pervasive, from privacy at the highest reaches of government, media, and business. to greeks not disclosing income to avoid tax. >> translation: let me tell you the concept of corruption is so broad and big that it can fit into a lot of things, it's certain corruption and economic crime are linked closely and tax corruption. >> the problem of corruption in the greek society is so pervasive transactions. >> absolutely. doctors, dentist, lawyers, notaries. you name it. they give you doesn't, and you do not declare, you do not arriving for a receipt >>> this woman worked in the tourist industry for 25 years. she asked uts to protect her confidentiality, and she spent $7,000 on dental care and paid in cash. she never received a receipt. we persuaded
-- an on anti-austerity platform. it country where ignoring and fighting old rules is practically a way of life, from tax evasion to serious forms of corruption. as i discovered on a recent trip to greece, the way of life shows up in surprising places. corruption in greece is pervasive, from privacy at the highest reaches of government, media, and business. to greeks not disclosing income to avoid tax. >> translation: let me tell you the concept of corruption is so broad and big that it...
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May 25, 2015
05/15
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LINKTV
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the ruling people's party and the opposition socialist party taking a battering from austerity -- anti-austerity parties. sarah morris has more from madrid. sara: it looks different. she has just said she has spoken with the socialist head of madrid and she has indicated -- she could knock out the conservative, a veteran for the conservative party. for a long time, she was a brand herself. the prime minister brought her into campaign because he thought she could retain the city. the left-wing anti-austerity party will take madrid, promising all sorts of new changes, to look after some of those poor citizens in madrid. they say they got left behind in the economic crisis. >> it means "we can" in spanish. kate moody has more. kate: from a grassroots protest movement to political powerhouse, the movement blossomed from years of anti-a steady measures -- anti-austerity measures. they took to the streets to campaign against corruption and unemployment. last january, their anger was crystallized in a new article party. it quickly -- a new political party. it quickly gained momentum. a charismatic clin
the ruling people's party and the opposition socialist party taking a battering from austerity -- anti-austerity parties. sarah morris has more from madrid. sara: it looks different. she has just said she has spoken with the socialist head of madrid and she has indicated -- she could knock out the conservative, a veteran for the conservative party. for a long time, she was a brand herself. the prime minister brought her into campaign because he thought she could retain the city. the left-wing...
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May 19, 2015
05/15
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BLOOMBERG
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francine: do you worry about austerity? james caan: i do not. if we have a strong economy, it generates a more money for the government and helps that whole challenge we face with some of the challenges the government is facing. ultimately, it comes down to the point of how strong is your economy and are you generating enough revenue to support welfare, jobs etc.? my vote is, absolutely. that's it that's right and that will help all other areas. francine: that is the problem is you can focus on the economy and financial services? james caan: not just financial services. we want to be brighter. i do not think we should be overly cousin treated in one market. -- we want to be broader. francine: james, thank you. james caan joining us for an exclusive interview. over phone has posted -- vodafone has posted a return to growth. what has driven the turnaround? caroline: looking at a juggernaut the standout company where we saw a u.k. growth. but initially vodafone is find to be reinstated its power in europe not only the united kingdom and finally a t
francine: do you worry about austerity? james caan: i do not. if we have a strong economy, it generates a more money for the government and helps that whole challenge we face with some of the challenges the government is facing. ultimately, it comes down to the point of how strong is your economy and are you generating enough revenue to support welfare, jobs etc.? my vote is, absolutely. that's it that's right and that will help all other areas. francine: that is the problem is you can focus on...
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May 26, 2015
05/15
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hans: not just the level of austerity, the very existence of austerity. that is what varoufakis said is only the deal breaker between greece and getting additional money unlocked from their creditors. they are clearly going to need it. june 5 they have a big payment due. varoufakis said that the creditors' insistance on austinner is steadfast. here is an -- on austerity is steadfast. he said our government cannot and will not accept a cure that has proven itself over five long years to be to be worse than the disease. shoible laid the problem squarely at the greeks. if greece wants out of this predicament, it is up to greece. the germans are not going to bend much more. there is not going to be much give. the oliver blanchard criticized greece for their pension reforms and number of civil servants. let's hear what he has to say on this and how mr. tsipras is going to get themselves out of this knot. manus? manus: let's head to athens now. the response to varoufakis' comment. we have interviewed a couple of people saying that it is the internal split that
hans: not just the level of austerity, the very existence of austerity. that is what varoufakis said is only the deal breaker between greece and getting additional money unlocked from their creditors. they are clearly going to need it. june 5 they have a big payment due. varoufakis said that the creditors' insistance on austinner is steadfast. here is an -- on austerity is steadfast. he said our government cannot and will not accept a cure that has proven itself over five long years to be to be...
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May 10, 2015
05/15
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ALJAZAM
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the greeks came to power promising to end the austerity that the international monetary fund demands stay put. can a compromise be reached. when we come back, i talk to the former governor of greece that asked for the first bail out five years ago, and ended up being thrown out of office. >> we don't have the mentality to pay taxes. >> our taxes are not being put to good use. >> this is not just now, it is a legacy. left from our parents. >>> in 2010 when greece received its biggest bailout the plan was to help the greeks get back on its feet within three years. instead greeks are facing financial ruin and unnerving the economy. the man that netted the first bail out is a former prime minister. this is his story. in 2009 the european union sounded the alarm bells over greece's finances, sending interest rates soaring, hurting the government's ability to borrow money. when a new prime minister took office, hoe found a big hole. papian dray u, the son and grandson of former greek prime ministers responded with the biggest spending cuts greeks saw. they took to the streets in violent pr
the greeks came to power promising to end the austerity that the international monetary fund demands stay put. can a compromise be reached. when we come back, i talk to the former governor of greece that asked for the first bail out five years ago, and ended up being thrown out of office. >> we don't have the mentality to pay taxes. >> our taxes are not being put to good use. >> this is not just now, it is a legacy. left from our parents. >>> in 2010 when greece...
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May 26, 2015
05/15
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austerity at the expense of the reform government. he is also challenging the perception that greece is unwilling to commit to a reform agenda. he says that is absurd. progressabout how much he has made and i will show you the chart they drawn in the program. it measures two things. structural deficit reduction and nominal gdp production. greece ranks first, or the most in amongst any european countries. he says we reduce our structural deficit so much, you look at nominal gdp and look at the mess we are in right now. you look at the u.k. for example. periphery country. spain, portugal, ireland, cyprus. why are they doing relatively better than greece? it is because they were not made to take the same painful pill greece has taken. again, it is a problem. we are committed to reform agenda, but then again, austerity we will not agree on because it has not worked. it is based on his op-ed. i will leave it there. back to you. rishaad: we'll have a more detailed look at that back in the program. tweet your thoughts to me. singapore's econ
austerity at the expense of the reform government. he is also challenging the perception that greece is unwilling to commit to a reform agenda. he says that is absurd. progressabout how much he has made and i will show you the chart they drawn in the program. it measures two things. structural deficit reduction and nominal gdp production. greece ranks first, or the most in amongst any european countries. he says we reduce our structural deficit so much, you look at nominal gdp and look at the...
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May 10, 2015
05/15
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the greeks came to power promising to end the austerity that the international monetary fund demands stay put. can a compromise be reached. when we come back, i talk to the former governor of greece that asked for the first bail out five years ago, and ended up being thrown out of office. >> tonight on "hard earned". losing control. >> 50 and broke. i live with the consequences every day. >> harsh realities. >> i did two tours in iraq, when i came back i couldn't find a job. >> fighting to survive. >> bein' a man and can't put my family in a home that they deserve... that's a problem for me. >> hard earned pride. hard earned respect. hard earned future. a real look at the american dream. "hard earned". tonight, 10:00 eastern. only on al jazeera america. >> part of our month long look at working in america. "hard earned". >> we don't have the mentality to pay taxes. >> our taxes are not being put to good use. >> this is not just now, it is a legacy. left from our parents. >>> in 2010 when greece received its biggest bailout the plan was to help the greeks get back on its feet within t
the greeks came to power promising to end the austerity that the international monetary fund demands stay put. can a compromise be reached. when we come back, i talk to the former governor of greece that asked for the first bail out five years ago, and ended up being thrown out of office. >> tonight on "hard earned". losing control. >> 50 and broke. i live with the consequences every day. >> harsh realities. >> i did two tours in iraq, when i came back i...
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May 26, 2015
05/15
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the government came to power promising to end hated austerity programs but the residents are demanding they stay put. coming up, i'll speak to the person who promised that five years ago and ended up out of office. office. un-afraid. the topics will fascinate you, intrigue you... >> they take this seriously... >> let me quote you... >> there's a double standard... >>...could be a hypocrite >> you're also gonna get a show that's really fair bold... never predictable... >> the should be worried about heart disease, not terrorism... >> i wouldn't say that at all... >> you'll see a show that has an impact on the conventional wisdom that goes where nobody else goes... >> my name is imran garda i am the host of third rail and you can find it on al jazeera america >> in 2010 when greece received its first financial bailout the plan was to help the greeks get back on their feet within three years. instead, greeks are face being financial ruin and unnerving the global economy. the man who engineered the first bailout is george papandraou. this is his story. sending interest rates soaring and hu
the government came to power promising to end hated austerity programs but the residents are demanding they stay put. coming up, i'll speak to the person who promised that five years ago and ended up out of office. office. un-afraid. the topics will fascinate you, intrigue you... >> they take this seriously... >> let me quote you... >> there's a double standard... >>...could be a hypocrite >> you're also gonna get a show that's really fair bold... never...
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May 26, 2015
05/15
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from 3 to 17.7% is a huge -- 15.sphefn%15.seven pers, that was a. >> austerity has gone too far and we need to pare back on it. at the moment they haven't had much success with that view. the europeans said hold on, you are still going to pay your debt and impose this austerity. >> i think there is a deal to be made, yes, we can bargain with our partners in the european union, i think they realize that emphasis on austerity has had a very negative effect in side lining if you like the priority of reforms. so that we now need and since we now have a primary surplus or at least had a primary surplus a few months ago, we don't really need more austerity. what we need is more emphasis on the reforms to make our economy move and be more competitive. >> what is your sense now of how this plays out for greece? because as you're right, this is a long term problem but in fact, the world seems to be requiring short term solutions of greece. they are not letting up on their demand that greece has to do certain painful things, things that greeks themselves don't want to impose upon themselves thro
from 3 to 17.7% is a huge -- 15.sphefn%15.seven pers, that was a. >> austerity has gone too far and we need to pare back on it. at the moment they haven't had much success with that view. the europeans said hold on, you are still going to pay your debt and impose this austerity. >> i think there is a deal to be made, yes, we can bargain with our partners in the european union, i think they realize that emphasis on austerity has had a very negative effect in side lining if you like...
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May 11, 2015
05/15
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want to make any austerity measures. where is the red line? is pension reform one thing they won't move on or something else? >> well both of those lauren have been mentioned by the greeks as red line. they will not entertain any more on reform and not any idea of cutting any further the public pension pot. well the commissioners in here say they have got to do that or come up with other convincing methods and means of job creation and methods of raising the public purse. they obviously haven't done that yet because there is a great deal of skepticism that greece can survive without austerity measures. and this as i say is a crucial problem for the government in grease because it hasn't got time to work these things out. >> okay jonah thank you very much indeed. jonah hull live in brussels this. still to come this hour: chile's president tries to salvage her popularity ratings by announcing a new cabinet. details coming up. and why north korea's leader is so happy. plus. >> the end of the spanish football season won't ha
want to make any austerity measures. where is the red line? is pension reform one thing they won't move on or something else? >> well both of those lauren have been mentioned by the greeks as red line. they will not entertain any more on reform and not any idea of cutting any further the public pension pot. well the commissioners in here say they have got to do that or come up with other convincing methods and means of job creation and methods of raising the public purse. they obviously...
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May 8, 2015
05/15
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KQED
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first of all, it's not at all clear to me that this was a referendum on austerity but a lot of the austerity has passed but second of all a more important, austerity in the united kingdom is a lot different than what we think about when we think about austerity here. they ran a budget deficit of 5.7% last year, 4.5% this year, those are big, big deficits in u.s. terms. cameron has to pledge and pledged his absolute devotion to the national health system so this sort of ability to translate that austerity back home and make it work back here seems to be a little bit open to question. >> i would say all that is true obviously. >> woodruff: obviously! (laughter) >> it had to be true. but he did do significant spending cuts against a lot of opposition and second, i think british and american politics rhyme. they go in cycles, thatcher-reagan and blair-clinton cycles. now british party looks the way the republican would look if it was the sort of party in california and the northeast and california and oregon. it's socially pretty moderate. at best it has strong environmental wing, so i would say
first of all, it's not at all clear to me that this was a referendum on austerity but a lot of the austerity has passed but second of all a more important, austerity in the united kingdom is a lot different than what we think about when we think about austerity here. they ran a budget deficit of 5.7% last year, 4.5% this year, those are big, big deficits in u.s. terms. cameron has to pledge and pledged his absolute devotion to the national health system so this sort of ability to translate that...
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May 12, 2015
05/15
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alternatively let's stop this saga, we have a tremendous amount of austerity going on. no one ali wants to go down in the history books as making the second decision neither in greece nor outside and on the first one no one wants to make that decision because they don't trust the other side. so the result of that is that the greek citizens suffer tremendously. >> what is the best way to explain -- i have trouble with this. whether i came back from greece and people said, what's new about this story? why does -- there are no more global implications if europe has the means to contain whatever happens, why -- why should we care? >> so we should care for a number of reasons, okay? the first is economic. if this is not handled well, and you get an accident, an accident tend to have unforeseen circumstances. you could have, you could have problems elsewhere. i don't think that's a huge probability but you keep an eye on that. there's also the geopolitical side. europe right now is being pulled in different directions. and part of the pulling in different direction is what's
alternatively let's stop this saga, we have a tremendous amount of austerity going on. no one ali wants to go down in the history books as making the second decision neither in greece nor outside and on the first one no one wants to make that decision because they don't trust the other side. so the result of that is that the greek citizens suffer tremendously. >> what is the best way to explain -- i have trouble with this. whether i came back from greece and people said, what's new about...
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May 28, 2015
05/15
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they do not get solved through austerity. hans: anytime you get this many economists and bankers in the same room, there is going to be a lot of historical talk looking backwards print i have heard the talk of lehman in the background. it is interesting because no one quite knew the consequences of that. they let it go, we saw what happened then. that is a big question overhanging that. the risk of contagion, how big is it? those of the conversations that will be dominating the sidelines. caroline: 2000 and eight continues to haunt. mark: manus: yvonne, we have the yen really beginning to move. china is just coming off the board. those the guys stocks are roaring ahead. yvonne: we are seeing gains in the nikkei 25 up about .4% right now. this -- this rally is the longest one since 1988 because of the week yen. we are seeing shares in china plummet. the hang seng down to present. i tell us stocks in hong kong saw the lowest in three weeks. there is concern on securities. the brokerages rather are trying to tighten regulations
they do not get solved through austerity. hans: anytime you get this many economists and bankers in the same room, there is going to be a lot of historical talk looking backwards print i have heard the talk of lehman in the background. it is interesting because no one quite knew the consequences of that. they let it go, we saw what happened then. that is a big question overhanging that. the risk of contagion, how big is it? those of the conversations that will be dominating the sidelines....
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May 18, 2015
05/15
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would you say not much, or more austerity? ross: i think the headline fiscal plans that were set out back in march look well-judged. the key is, we need more detail on how to deliver those spending cuts. francine: scenjvenja, if you look at the last two weeks, is there a feeling that because labor and you cap are without a leader -- and ukip are without a leader the conservatives are trying to push through things and muster support? svenja: i think that's true. this is also the first time they've had a majority in quite a few years. bear in mind that david cameron's problem isn't the labor opposition. it is his own backbenchers. with the slim majority, that's what he has to worry about now. francine: are you worried about the slim majority in terms of where they can steer the economy? ross: eventually, i think it becomes a problem. the working majority is quite tight. i think, for the first year or two, it is going to be relatively plain sailing. the big risk was always the rebellion on europe. i think mr. cameron's backbenche
would you say not much, or more austerity? ross: i think the headline fiscal plans that were set out back in march look well-judged. the key is, we need more detail on how to deliver those spending cuts. francine: scenjvenja, if you look at the last two weeks, is there a feeling that because labor and you cap are without a leader -- and ukip are without a leader the conservatives are trying to push through things and muster support? svenja: i think that's true. this is also the first time...
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May 5, 2015
05/15
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. >> reporter: the government says with the economy struggling they must respond to austerity measures. meanwhile schools across the state have been closed for six weeks. it's the teachers here and in four other states who are protesting but there's wide-spread discontent right across brazil. not just with the government but with politics and politicians in general. and the divide is growing ever wider. leonardo is 16 and working hard for entrance into university where he stants to study law, but while the strike conditions he has to do it at home with friends or using the internet. despite difficulties he fully supports the teachers. >> translator: we are united with the teachers. we students are mobilized we are ready to fight to be part of this historical moment that we face. >> reporter: this 11 year old doesn't have school either so he works with his dad guarding cars collecting the debris from last week's clashes. it's not the education these teachers intended for him, but brazil is suffering uncertain times. there are tens of thousands of people out here today, marching os tensa
. >> reporter: the government says with the economy struggling they must respond to austerity measures. meanwhile schools across the state have been closed for six weeks. it's the teachers here and in four other states who are protesting but there's wide-spread discontent right across brazil. not just with the government but with politics and politicians in general. and the divide is growing ever wider. leonardo is 16 and working hard for entrance into university where he stants to study...
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May 26, 2015
05/15
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from the greek side, they simply won't do more austerity. if you think there is austerity in the program, by my reading there is, eventually they will come to head and the conflict will be out in the open and they will have a public rupture. francine: what do you make of the spanish elections? we're hearing from the prime minister today plot -- trying to explain his parties election results. is it mayhem? hans: spain and greece are different. syriza has a thin majority in greece, 12 feet majority and 300 seat parliament. in spain, you sell the popular ruling party go down to 27%. these were local elections. if these trends hold, at least in spain, the two-party system could be in peril. you could have a four party system and have challenging prohibition talks. it is unclear who they want to govern. they would clearly be in the minority. the big difference is yes, but amos is gathering steam, they are nowhere at the level three does is that. francine: thank you so much. that brings us to a twitter question. speculation about when the fed will
from the greek side, they simply won't do more austerity. if you think there is austerity in the program, by my reading there is, eventually they will come to head and the conflict will be out in the open and they will have a public rupture. francine: what do you make of the spanish elections? we're hearing from the prime minister today plot -- trying to explain his parties election results. is it mayhem? hans: spain and greece are different. syriza has a thin majority in greece, 12 feet...
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May 24, 2015
05/15
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. >> the anti-austerity. upstart political parties poised to test how fed up spanish voters have become with politics as usual. >> senior parties have little in common from an ideological perspective but share a distaste for the dooup oply of power. >> political power traded hands between the center right ruling party between current prime minister and the opposition socialist party. but high unemployment punishing austerity and a series of sandals transformed the political landscape. bringing support. bringing support to a center right party founded in 2006, opposed to nationalism. but the biggest beneficiary of discontent with the two party system is pordemo. founded 16 months ago, the radical left anti-austerity party is led by a ponytail academic. with the base support of the voters grappling with the unemployment rate the message is resonating with older voters whose standard of living is yet to recover pre-crisis level. >> it's significant in spain. it must have been effective tapping into them. spain's
. >> the anti-austerity. upstart political parties poised to test how fed up spanish voters have become with politics as usual. >> senior parties have little in common from an ideological perspective but share a distaste for the dooup oply of power. >> political power traded hands between the center right ruling party between current prime minister and the opposition socialist party. but high unemployment punishing austerity and a series of sandals transformed the political...
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May 4, 2015
05/15
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jonathan: despite the surveys, i find them quite a fusing for was survey tell me they do not want austerity and another tell me they want to remain in euro and a third they do not want a referendum to decide between the 2. how do you break that deadline -- deadlock? vincent juvyns: coparent to the beginning of the year when it was a clear-cut no i do say that an open window for at least there seems to be more openness then they were before. the fact you mentioned the conclusion you can draw from that are quite a mixed is a breakthrough compared to the beginning of the year into the question, do you want to send the eurozone? there is a clear answer of, yes. and a measure which agrees has to -- greece has to pick or elsewhere and we have a lot of success. when you look at spain, for example, a good example, we see the unemployment remains high. we had a growth figure last week and they grew by 0.9%. this show to the greek people that reform pays over time. spain, italy portugal are all examples of that. sometimes painful measures in the short-term can have effects in the long-term. i think o
jonathan: despite the surveys, i find them quite a fusing for was survey tell me they do not want austerity and another tell me they want to remain in euro and a third they do not want a referendum to decide between the 2. how do you break that deadline -- deadlock? vincent juvyns: coparent to the beginning of the year when it was a clear-cut no i do say that an open window for at least there seems to be more openness then they were before. the fact you mentioned the conclusion you can draw...
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May 22, 2015
05/15
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an interesting perspective on austerity. he used to lead latvia. latvia opposed a great deal of a steroid he to protect its currency peg against the euro. looking at it through the lens of how much austerity needs to be imposed on greece right now, are the europeans imposing too much? michala: the real issue is on the structural reforms. if we look at the situation of spain, the public finances are not so great but what is important is the structural reforms have gone through. and the political debate, we have shifted away from the draconian austerity much more towards the focus on the structural reforms. this is where the real issue is. is greece getting the reforms in place? that is more important to the european leaders then a precise budget deficit. physical a steroid he is part of that. i would say when we look at the greek numbers, greece has done a lot in terms of austerity. it is really about getting those final structural reforms into place. coming back to my kind of semi-stable solution, the implementation. which i also think is going to
an interesting perspective on austerity. he used to lead latvia. latvia opposed a great deal of a steroid he to protect its currency peg against the euro. looking at it through the lens of how much austerity needs to be imposed on greece right now, are the europeans imposing too much? michala: the real issue is on the structural reforms. if we look at the situation of spain, the public finances are not so great but what is important is the structural reforms have gone through. and the political...
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May 9, 2015
05/15
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CNNW
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they say they'll make sure that austerity is the issue. but what can they actually do because david cameron has an overall majority in the parliament and it's difficult to see what the scottish nationals can achieve which is only going to raise further fears of pressure for another referendum on scottish independence north of the border. and david cameron has another kind of balancing problem. having had this victory now governing on his own without liberal democrats, he's going to face pressure from a lot of the right wingers in his own party who will say okay now we got rid of the liberal democrats. there's nothing to stop us. we can go back and wind back the size of the state, take britain out of europe. issues like that. now david cameron is a middle of the road conservative. what they call a one nation conservative and he won't really want to go down that route but the rebels will have much greater force because with the liberal democrats that were in the coalition with david cameron gone, he is going to be dependent on their votes an
they say they'll make sure that austerity is the issue. but what can they actually do because david cameron has an overall majority in the parliament and it's difficult to see what the scottish nationals can achieve which is only going to raise further fears of pressure for another referendum on scottish independence north of the border. and david cameron has another kind of balancing problem. having had this victory now governing on his own without liberal democrats, he's going to face...
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May 25, 2015
05/15
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the fact that we are talking about more austerity is the problem. they oh a lot of money in june a lot of money in june. this a deadline, on may 31, that germany and france have set, that is unlikely to be met, simply because, between now and the end of the month, you do not have any meetings with eurozone finances -- finance ministers. the deadline to come up with the deal is unlikely to be met. angie: and so it continues. david: for four years now. you for that. let's get the market reaction in europe. take a look atu europe, we ended pretty much in the red. take a look at the three indices here. pretty much in negative territory. emerging markets, those stocks also ended down on the outlook of the u.s. rate hike. the greek stocks, the ase down 3 %. that is the most in nearly three weeks. for the past year, it has fallen over 32%. one of the worst-performing equity indices tracked by bloomberg right now. we did see a little bit of a selloff in it comes to the greek -- not greek, i should say german bond. if you take a look, the 10-year up about .3
the fact that we are talking about more austerity is the problem. they oh a lot of money in june a lot of money in june. this a deadline, on may 31, that germany and france have set, that is unlikely to be met, simply because, between now and the end of the month, you do not have any meetings with eurozone finances -- finance ministers. the deadline to come up with the deal is unlikely to be met. angie: and so it continues. david: for four years now. you for that. let's get the market reaction...
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May 7, 2015
05/15
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we want to see in end to austerity. and it is popular in scotland, so it would simply be impossible for us to do that deal. tom: even if it was not a deal, let's suggest they say, we understand and hear the voice of scotland, you need fiscal economy and they put that or offer it to you i'm a you would not support that? >> let's wait and see what results are. that alliance may offer scotland something, they haven't best far. we are not expecting things a little far out. tom: think you, we will talk to you later in the evening. and now we're going to talk to the ukip leader. >> hello there. a party election night, nigel the exit poll suggests just to seize it for the u -- two seats for the ukip. >> yes, i want to congratulate the editors. they said that the u.k. vote was be ukip though. [applause] >> there we are, he has been saying through the evening that he has confident, not complacent. the question now is whether he will when this seat. he hasn't said that he will stand it if he is not successful here. tom: thank you
we want to see in end to austerity. and it is popular in scotland, so it would simply be impossible for us to do that deal. tom: even if it was not a deal, let's suggest they say, we understand and hear the voice of scotland, you need fiscal economy and they put that or offer it to you i'm a you would not support that? >> let's wait and see what results are. that alliance may offer scotland something, they haven't best far. we are not expecting things a little far out. tom: think you, we...
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May 18, 2015
05/15
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how do they plan to end austerity and medical demands at the same time? >> i want to say how he can deal with the two conflicting issues. the freak government all along meant to keep the negotiations running until the end of june. as hans said before and gave you the mathematics, the greek banks may run out of collateral maybe during the first couple of weeks of june. that would mean by the end of the month the greeks might have to impose capital controls. he has a political situation in his party. the radical left platform are the ones that keep insists on keeping the preelection pledges. he seems to be more negotiable on some lines, even if it is internal rhetoric, he keeps saying he will keep the red lines. i believe that grease has to step up negotiation talks as soon as possible. it is not only the collateral on the banks that may be the problem. we have a cash flow problem as well. last week the i.m.f. loan repayment was met by the holdings count to make sure wages and pensions were met by the end of the month. there is another full billion euros to
how do they plan to end austerity and medical demands at the same time? >> i want to say how he can deal with the two conflicting issues. the freak government all along meant to keep the negotiations running until the end of june. as hans said before and gave you the mathematics, the greek banks may run out of collateral maybe during the first couple of weeks of june. that would mean by the end of the month the greeks might have to impose capital controls. he has a political situation in...
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May 28, 2015
05/15
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not because of the government and what they are through, but simply because the greeks are tired of austerity for the last five years, and the europeans are giving them no alternative, no way to get out of this austerity. starting with the debt crisis in the 1980's, if it comes to a debate between whether you want to feed your feedeople are you want to the foreign creditor, it's a very easy choice what the democratic government is going to do. that is where i think greece finds itself. they kick the can down the road, and later this year they are going to face the same problem. angie: we've all got to eat, don't we? hanks for joining us from l.a. coming up next, we will meet the queen of india's new metro system who was forced to leave japan to get her career on track. an incredible story, back in a moment on "first up." ♪ angie: there's a gender revolution underway in japan. woman is showing japan what can be achieved elsewhere. >> deep underground in the tunnels that will form india's newest subway system, she is very much at home. in japan's first female title engineer, she wasn't able t
not because of the government and what they are through, but simply because the greeks are tired of austerity for the last five years, and the europeans are giving them no alternative, no way to get out of this austerity. starting with the debt crisis in the 1980's, if it comes to a debate between whether you want to feed your feedeople are you want to the foreign creditor, it's a very easy choice what the democratic government is going to do. that is where i think greece finds itself. they...
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May 9, 2015
05/15
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CNNW
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snp is also deeply opposed to issues of austerity. and most significant of all, the referendum on britain's future in the e.u. looks inevitable. you might remember prime minister david cameron promised to renegotiate the position with the e. u. . let's bring in cnn political distributor robin oakley for some analysis. robin, good day to you. so that referendum vote, it is slated for no earlier than 2017, but could it come earlier? >> i don't think it will come earlier, george, because there have got to be negotiations with 27 countries within europe and the president about the changes that they'd like to see in the european union before he makes his recommendation to the british people about whether they should vote in or out. i don't think we'll see that referendum before the end of 2017 for when it's promised but, of course, if britain should vote to come out of the european union in that referendum, we're also likely to see another referendum on the future of scotland in the united kingdom. because the scots are very keen on their
snp is also deeply opposed to issues of austerity. and most significant of all, the referendum on britain's future in the e.u. looks inevitable. you might remember prime minister david cameron promised to renegotiate the position with the e. u. . let's bring in cnn political distributor robin oakley for some analysis. robin, good day to you. so that referendum vote, it is slated for no earlier than 2017, but could it come earlier? >> i don't think it will come earlier, george, because...
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May 8, 2015
05/15
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what the chancellor is saying is that he will manage austerity in a pretty austere way. he will be -- cuts here. 45 billion over the next three years out of public spending. and of course that comes from non-- departments. this is a great cut. guy: do your members believe it? >> let me respond to that by saying we as an organization and i personally support austerity. i support getting rid of this massive budget overspend. but you know is it that important if we do it over a three-year period or a four-year period or a five-year period? let us not commit ourselves to the absolute definition. the direction of travel that we wut it but not spoil the levers of growth by limbing it to one specific date at a specific point in time. guy: talking to the direction of travel would you now hope for big decisions to be made heathrow, all of these kind s of big infrastructure spend issues that have not been decided in the last parliament and many would like it decided sooner rather than later. would that be the hope now? do you anticipate that will happen? >> now that this election
what the chancellor is saying is that he will manage austerity in a pretty austere way. he will be -- cuts here. 45 billion over the next three years out of public spending. and of course that comes from non-- departments. this is a great cut. guy: do your members believe it? >> let me respond to that by saying we as an organization and i personally support austerity. i support getting rid of this massive budget overspend. but you know is it that important if we do it over a three-year...
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May 11, 2015
05/15
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or non-austerity into the future. data check -- quiet markets. futures negative one. on this monday, greece and the bizarreness of their negotiations with creditors is at front and center. it is truly a mystery when greece will run out of money. after the greek drama, one of greece? ruchir sharma is the correct person to speak to. he is with morgan stanley. he writes important books on emerging markets, including is usually -- including his hugely successful "breakout nations." your book just sets out like a sore thumb. do you write about greece in your book? were they ever a breakout nation? ruchir: they were never a breakout nation. i'm going to flip to greece as an investor in -- brendan: this is fascinating, the fact that greece might miss the imf payment. the imf -- developed economies still do this, but maybe that is not what greece is. ruchir: there were all these conversations about how the imf should shut down because the world is doing well. coming back to greece, there is ample scope for rings midship or fo
or non-austerity into the future. data check -- quiet markets. futures negative one. on this monday, greece and the bizarreness of their negotiations with creditors is at front and center. it is truly a mystery when greece will run out of money. after the greek drama, one of greece? ruchir sharma is the correct person to speak to. he is with morgan stanley. he writes important books on emerging markets, including is usually -- including his hugely successful "breakout nations." your...
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May 20, 2015
05/15
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the first test would be for europe to realize that austerity is a mistake. lawse are fundamental fa in the structure of the eurozone. francine: they need money in the next couple of weeks. i understand what you are saying but we don't have the time for that. if you were greece, would you be ok under these conditions? joseph: under the conditions that the eurozone refuses to change a policy that has proven wrong, let the country down. 25% decline in gdp. this is depression-like. more than 50% unemployment. this is destroying the country, the future. i think i would have to lean and say yeah, you bargain in good faith. not everything, -- everything, but you get an awful lot. they have to face up to the reality. francine: what happens if greece leaves or default? joseph: it is really serious for europe. greece is small, but what it is saying is this contract, this union is a temporary union. the next time spain has a problem and they have a different government, people will say well, the european leaders do not bargain in good faith. they don't face reality tha
the first test would be for europe to realize that austerity is a mistake. lawse are fundamental fa in the structure of the eurozone. francine: they need money in the next couple of weeks. i understand what you are saying but we don't have the time for that. if you were greece, would you be ok under these conditions? joseph: under the conditions that the eurozone refuses to change a policy that has proven wrong, let the country down. 25% decline in gdp. this is depression-like. more than 50%...
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May 26, 2015
05/15
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. >>> anti-austerity parties in spain have made significant gains in presidential elections after four years of severe spending cuts and a string of corruption scandals. here's tim friend. >> the spanish woke up to a new political landscape. the established parties will punished by the electorate for austerity and corruption and the newspapers predicted a new era of coalition politics and further instability. earlier, as the election results came in, it quickly became clear that this man would play a leading role in what comes next. the podemas leader pablo iglesias. >> now we are obliged to work very hard to gain strength and continue our part of political transformation of this country. >> reporter: from barcelona to madrid there were celebrations as candidates from the smaller parties triumphs, overyou are turning absolute majorities, the be conservative party and the mainstream socialists. >> the people have spoken and i'm proud that madrid and barcelona have marked the beginning of a new phase. >> translator: what we have here are new trends and they must come down from the clouds
. >>> anti-austerity parties in spain have made significant gains in presidential elections after four years of severe spending cuts and a string of corruption scandals. here's tim friend. >> the spanish woke up to a new political landscape. the established parties will punished by the electorate for austerity and corruption and the newspapers predicted a new era of coalition politics and further instability. earlier, as the election results came in, it quickly became clear that...
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May 25, 2015
05/15
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ALJAZAM
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. >> and anticipate austerity parties in spain have been significant gains in regional elections. the elections. and the result has been seen as a test in the national mood before general elections in november. >> the established parties were punished by the electorate for austerity and corruption. and the newspapers predicted a new era of coalition politics and further instability. earlier as the election results came in, it quickly became clear that this man would play a leading role in what comes next. >> now we're obliged to work very hard and gain strength and continue our path with a political change to this country. >> from barcelona to ma the smaller parties would triumph overturning the popular party and mainstream socialists. >> this has driven voters to other groups. >> the people have spoken and will continue to do so. i'm proud that madrid and barcelona have marked a new phase. >> what we have here are new trends and they must come down from the clouds, negotiate talk and find new solutions. >> the prime minister and his popular party are now under huge pressure in th
. >> and anticipate austerity parties in spain have been significant gains in regional elections. the elections. and the result has been seen as a test in the national mood before general elections in november. >> the established parties were punished by the electorate for austerity and corruption. and the newspapers predicted a new era of coalition politics and further instability. earlier as the election results came in, it quickly became clear that this man would play a leading...
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May 8, 2015
05/15
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-- anti-austerity they want that out of scotland. those issues they will be taking to westminster and we will have to see how things pan out given the makeup over the next few days. guy: tom, just on that last point, last night some would argue huge number of seats the power expected to come with it has not been delivered. tom: absolutely. that would've been the goldilocks moment for the snp being able to form a minority government. they were open to doing some kind of unofficial talk and that could have talked -- led to the snp having more clout. back to you. guy: thank you very much. anna: it looks like we will be hearing the results. it has been delayed, they were destitute -- they demanded a recount. he has been a member of parliament since 2010, he was the shadow chancellor and has been under labour. we are listening to the numbers. the tories have gained, and bowled bolls has lost his seat in the house of commons. guy: a real surprise for many. a real blow to the labour party. putting this central team of has run in the labour
-- anti-austerity they want that out of scotland. those issues they will be taking to westminster and we will have to see how things pan out given the makeup over the next few days. guy: tom, just on that last point, last night some would argue huge number of seats the power expected to come with it has not been delivered. tom: absolutely. that would've been the goldilocks moment for the snp being able to form a minority government. they were open to doing some kind of unofficial talk and that...
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May 19, 2015
05/15
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>> they do not understand macroeconomics paired when you have austerity combined with a weakening in the financial sector, this is a fundamental structural problem with the eu. they have the single market and money in these have a problem or do you get public austerity, and it is a toxic combination. that builtt have into models. the same problem they had in failing to forecast the 2008 prices. they did not learn. >> should greece be the euro zone? it would make more sense. take the pain, a lot of it, but then they are in charge. >> if germany refuses to change the program, i think there is no alternative. the first best would be for europe to realize austerity is a and there are fundamental laws in the structure of the eurozone. late.ne: we are too they need money and they needed in the next couple of weeks to understand what you're saying, but we just do not have the time for that. if you were greece, would you meet under these conditions? >> under the conditions that the eurozone refuses to change a policy that has led the company 20 5% decline in gdp, this is depression. 50% -- t
>> they do not understand macroeconomics paired when you have austerity combined with a weakening in the financial sector, this is a fundamental structural problem with the eu. they have the single market and money in these have a problem or do you get public austerity, and it is a toxic combination. that builtt have into models. the same problem they had in failing to forecast the 2008 prices. they did not learn. >> should greece be the euro zone? it would make more sense. take the...
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May 25, 2015
05/15
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ALJAZAM
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after years of austerity and political corruption voters are increasingly disillusions with the two main parties and are looking for answers elsewhere. >> there are lots of corruption cases. people realize that the usual party they're doing the same thing. apart from that they're removing options that people should have, employment education. >> it's a shame my three grandsons who are abroad can't vote. one is in dublin. the other is in france. they have to leave because there is no work here. another one is about to finish university and is about to get out of here. let's see if we can fix this. the current leaders have to go, and the others have to come in. >> this man the leader, was watching sunday's results carefully because a general election is due in november. >> now we're obliged to work very hard to gain strength, to continue our path of political transformation of this country. >> at times anger over the state of the spanish economy and mistrust of established politicians has spilled onto the streets. the new left wing and centrist movements are fighting to end the two-party s
after years of austerity and political corruption voters are increasingly disillusions with the two main parties and are looking for answers elsewhere. >> there are lots of corruption cases. people realize that the usual party they're doing the same thing. apart from that they're removing options that people should have, employment education. >> it's a shame my three grandsons who are abroad can't vote. one is in dublin. the other is in france. they have to leave because there is no...
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May 11, 2015
05/15
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the new government promised the electorate that there would be no more austerity. but there is skepticism. a plan that they'll be looking at now that was described as baffling to say the least. okay, he said, for a country with no financial difficulties but, greece is a country with immense financial difficulties, and they seem quickly to be coming to a head. >> given to that, jonah what likeliness is there of greece making its payment on time? >> what we are hear is that in order to pay that $840 million has already been made by the government, and the fund should be transferred midday by local time tomorrow. the government said it was in position to make this particular imf payment. but this is small money compared to the amount of money that has to be repaid by greece in the coming months it's going to be a long fruit summer. it owes another $3 billion plus to the imf in june and september, and another $3 billion to the european central bank in july and august and so those amounts of money will continue to have to be paid. greece will have to find some way of re
the new government promised the electorate that there would be no more austerity. but there is skepticism. a plan that they'll be looking at now that was described as baffling to say the least. okay, he said, for a country with no financial difficulties but, greece is a country with immense financial difficulties, and they seem quickly to be coming to a head. >> given to that, jonah what likeliness is there of greece making its payment on time? >> what we are hear is that in order...
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May 5, 2015
05/15
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ALJAZAM
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not just over austerity measures but over the corruption scandals and what mean per receiver the loss of direction. >> we're in a situation where there is a huge gab in dialogue between civil servants and the government. >> some of these leaders are taking their complaint to the national government in the brasilia. they are argument that without motivated teachers and well-funded schools the future is bleak. al jazeera brazil. >> football fans in indonesia have been having a rally outside of the president's palace. they're happy that the government suspended the football league four weeks ago. in a row over the ownership of two top teams. >> in the last couple of years this has ended in the last coupler weeks where they have cancelled indonesia football association and basically stopped them from working and as a result the football association has canceled the whole competition. bankly those parties are not talking right now. that's what these people here want. the supporters want the parties to come together. the president to intervene and to make sure that football is going to be b
not just over austerity measures but over the corruption scandals and what mean per receiver the loss of direction. >> we're in a situation where there is a huge gab in dialogue between civil servants and the government. >> some of these leaders are taking their complaint to the national government in the brasilia. they are argument that without motivated teachers and well-funded schools the future is bleak. al jazeera brazil. >> football fans in indonesia have been having a...
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May 24, 2015
05/15
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the radical left anti-austerity party is led by this academic. with a base support of youth voters grappling with the 50% unemployment rate the message is resonating with older voters whose standard of living is yet to recover. >> that's a considerable constituency in spain. >> the economy is crawling out of its deep hole groint .9." but with unemployment topping 23%, it's not known whether they are recovering give the usual suspects a mandate to keep conferencing >>> from spain to ethiopia where the ruling party is facing a test. polls are opening, turn out expected to be high. mohammed adow reports on how the country has been transformed in recent years. >> this is a country under construction. workers are busy day and night paving roads and building bridges, and are constructing a light rail system to stitch toot the end of the capital. this is the first light rail project. the infrastructure is a reflection of the government's ability to deal with financial institutions and countries like china, where borrowing grants are coming in. 6-5,000km
the radical left anti-austerity party is led by this academic. with a base support of youth voters grappling with the 50% unemployment rate the message is resonating with older voters whose standard of living is yet to recover. >> that's a considerable constituency in spain. >> the economy is crawling out of its deep hole groint .9." but with unemployment topping 23%, it's not known whether they are recovering give the usual suspects a mandate to keep conferencing >>>...
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May 26, 2015
05/15
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the parties were punished by the electorate for austerity and corruption, the newspapers predicted a new era of coalition politician and stability, as the results came in it was clear that this man would play a leading roll in what comes next. the podemos leader iglacious. >> now we are obliged to work hard gain strength and continue the path of the political transformation of the country. >> from barcelona to madrid. there were celebrations as candidates from the smaller parties triumphed overturning majorities held by the ruling conservative parties and the mainstream. >> the people have spoken and continue to do so. i'm proud of how they marked the beginning of a new phase. >> what we have here is a new trand. they come down and talk. the prime minister is under huge pressure in the run-up to a general election in object. >> i insist that the victory of the popular party is unquestionable. it was obvious that they didn't have the numbers. >> after a few years, it could be on the brink of holding the ambulance of power in spain. >> in peru the protesters has been killed in the sout
the parties were punished by the electorate for austerity and corruption, the newspapers predicted a new era of coalition politician and stability, as the results came in it was clear that this man would play a leading roll in what comes next. the podemos leader iglacious. >> now we are obliged to work hard gain strength and continue the path of the political transformation of the country. >> from barcelona to madrid. there were celebrations as candidates from the smaller parties...
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May 25, 2015
05/15
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voters appear to have been angry about four years of austerity and a string of scandals. opposition parties which have only just formed made strong gains. >> the results herald a sea change in spain's political landscape. opponents of the prime minister ' conservative popular party celebrated in madrid after new players upset its long standing majorities in many of the country's 13 regions. the antiausterity group made particularly strong gains. >> now we have a chance to finally put an end to 24 years of repressive and dictatorial popular party government. we are hopeful that change is possible. >> the outcome o could spell the end of the two-party system that dominated spain for nearly four decades. pablo iglesius said he hoped it would also prove a taste of things to come. >> the spring will take us to autumn when we're going to win the elections by beating the popular party. >> ks they feel the all citizens party also proved a winner drawing disillusioned voters with promises of change. >> we've done it our way. we've done it with citizens party people, without coalit
voters appear to have been angry about four years of austerity and a string of scandals. opposition parties which have only just formed made strong gains. >> the results herald a sea change in spain's political landscape. opponents of the prime minister ' conservative popular party celebrated in madrid after new players upset its long standing majorities in many of the country's 13 regions. the antiausterity group made particularly strong gains. >> now we have a chance to finally...
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May 6, 2015
05/15
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and the idea that they could be adhering to the austerity program is the flipside of the arguments. it is north of 4%. >> is it also a fair argument? >> it would be that as it would always be. it begins with credit growth and a weaker euro. it is not surprising. the conversation really moves on. the bottom line is that the real deadline is one greece runs out of cash. when that comes tomorrow, let's pretend it is tomorrow and who has the leverage. >> let's be clear that the european deadlines are porous. they always have been. it comes to when greece runs dry and what happens at that point. it is not necessarily greece. we talk about the german 10 year bond yields and the flight to quality premium was endemic in europe and you would expect a lower bond yields in germany. it argues that greece is being seen as a standalone. >> it is the final countdown. we will get the latest. a beautiful day in london. a rough ride for politicians. >> i know what this world needs and i do not think ed has it. some people say, do not make this personal. when it comes to the prime minister the persona
and the idea that they could be adhering to the austerity program is the flipside of the arguments. it is north of 4%. >> is it also a fair argument? >> it would be that as it would always be. it begins with credit growth and a weaker euro. it is not surprising. the conversation really moves on. the bottom line is that the real deadline is one greece runs out of cash. when that comes tomorrow, let's pretend it is tomorrow and who has the leverage. >> let's be clear that the...
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May 13, 2015
05/15
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. >> austerity measures really hitting those letter on the economic scale. >> very large cuts to the welfare state. >> repeal tony blair's ban on hunting with dogs. >> jon: what a popular message a heady mix of grinding austerity and the killing of small fury animals. i almost hate to say this but leave fox alone. (cheers and applause) fox never hurt anybody. (laughter) anyway those policies sound like stuff british people would hate. how does labour not walk away with this election? >> ed miliband had pretty dispal rating when it came to leadership. the voters didn't really see him as prime ministerial. >> they thought you were weird. >> they see you as a north london geek. >> what did he say? what did he say? >> that lady in the back man, all right sorry about that, you have a beard so clearly you're a man yeah. >> jon: what! so the labour leader appears to be the love child of joe biden and david-- so what still. the election was miliband's to lose. i mean unless there was some uncomfort-- ununfortunate image crystallizing incident. >> and in that labour campaign symbolized by mil
. >> austerity measures really hitting those letter on the economic scale. >> very large cuts to the welfare state. >> repeal tony blair's ban on hunting with dogs. >> jon: what a popular message a heady mix of grinding austerity and the killing of small fury animals. i almost hate to say this but leave fox alone. (cheers and applause) fox never hurt anybody. (laughter) anyway those policies sound like stuff british people would hate. how does labour not walk away with...
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May 8, 2015
05/15
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and food banks and it will continue with budget after budget and years after year and austerity will go on to get the deficit down and to some extent they blamed people who were out of work for not wanting to get a job and as well as that of course the mild european and anti-immigration and new rules said will be if europe says you come here for six months and you can't get a job then you have to leave the country, these sorts of things are playing very well into right wing sentiment, whether or not it effects conservatives or frankly former labor party voters, a lot of them moved to ukip as well. on all these issues their arguments basically have won. >> lawrence lee there inside westminster for us. and in other news saudi-led coalition droving leaflets telling civilians to leave follows a new series of air strikes against houthi rebels in the area and we have the latest. >> reporter: hours after offering a five-day humanitarian ceasefire in yemen the saudi-led coalition has launched more air strikes against the houthis. saudi army officers say the decision was in response to houthi
and food banks and it will continue with budget after budget and years after year and austerity will go on to get the deficit down and to some extent they blamed people who were out of work for not wanting to get a job and as well as that of course the mild european and anti-immigration and new rules said will be if europe says you come here for six months and you can't get a job then you have to leave the country, these sorts of things are playing very well into right wing sentiment, whether...