this goes to the drama we are seeing in germany right now. should germany leave the eurozone? ashokan modi -- ashokan modi -- hugely controversial. we need to hear you @bsurveillance. stay with us on this friday. "bloomberg surveillance." ♪ tom: good morning, everyone. "bloomberg surveillance." the real world of the greek economy. this is outside athens, the crash of a small firefighting plane. brendan, this goes to the idea that greece goes on every day away from financial and economics. they have an economy to run. brendan: we talked with caroline hyde about that this morning. she said they will be glad when the capital controls are lifted and they can get more than 60 euros out per day. we are always trying to figure out what the important and urgent is. in the background there is something else that is important, which is china. that is what i was looking at this morning, the top story on the terminal. this is from willy pesek at bloomberg view. china's housing slowdown is a major deflationary event. real estate is china's biggest growth engine since 2008. now it is a ne

churchill understands and any conflict with germany, either imperial germany or nazi germany, britain will need the united states to prevail in such a war. there you see churchill -- i like this photograph, because it shows him making a point. you see how one hand is being hammered into the other hand. i also like that hat. [laughter] very much the style of the first world war. well, behind the scenes, what churchill was saying publicly behind the same thing. this is admiral sims. he was the president of the royal navy war college. both before the first world war and after the first world war. during the war, he was sent to be in command of the american naval forces in europe. he was headquartered in london. this is a photograph of him. while in london, and this is a letter he wrote to his wife -- he met lady randolph churchill and had dinner with her. there is a picture of her. she is in her young 60's there. that is how churchill's mother looked at this time. and he met then with winston churchill. again, formerly first lord of the admiralty. long and interesting talks he records in

leupolz for germany. plays it out wide. >> aly: that's a nice piece of defending for leupolz because bronze had the pace but leupolz did not have positioning and off the ball she made it look so easy, that is difficult to do. >> justin: leupolz now switching fields. laudehr. laudehr with the left takes the shot has it blocked, goessling tries to put it back in bassett plays it up to aluko. mark sampson yelling "go, go go." >> aly: exactly what i was thinking. use your pace your 1vdlf 1 on the flank. >> justin: petermann waving her team on. petermann. a slide tackle by the captain, houghton, and she is just leaving her heart and soul out there on the field. >> aly: another good piece of defending by steph houghton to toe-poke that away. petermann has had a big time game and here is the challenge between bronze and leupolz. >> justin: eighth corner kick of the game for germany. it's goessling again. goessling. somebody got a head on it and sent it back in and now leupolz is going back. they'll play it all t

just germany and benelux. daniel: if we had that today we would have a euro at 1.50 germany would not. enjoy the advantage it has. tom: pimco has said the same thing. very quickly, when i look at schaeuble merkel, they need to understand that the academics say greece must have growth. can germany impart nominal growth on greece? daniel: it is difficult in a fixed currency regime. you have one big surplus country -- tom: so they have to go to the drachma and then import growth? daniel: i have been an advocate for a euro-b for the periphery. a controlled euro. greece needs inbound investment. whant can germany do, of course they are not going to do it. build a few also plants. tom: they will have newly valued euros increasing wealth to put in greece. brendan: i take your point. germany has been saying greece needs to get more competitive. the obvious thing to do -- daniel: de valuation is very painful. you cannot ask people to do that. they do not wake up in the morning and say i will take a pay cut. if there ex

sylvia knows that a similar performance could and germany's title hopes. -- end germany's title hopes. >> that is why we have the show our playing and fighting ability. and maybe we have more in store for us, too. we will see. >> perhaps the right music in the locker room will give germany the right swing on the pitch. ♪ sarah: here is a recap of our top stories this hour. with greece just hours away from default will they stay in the eurozone? a eurogroup says it is too late to ascend the bailout program. but the group will hold more talks on wednesday. and at least 74 people are dead in indonesia after a military transport lane crashed into a residential area on the island of sumatra. a rescue operation is underway and the death toll could rise. you are watching dw news. i am sarah harmon in berlin. i will see you again at the top of the hour. >> euromaxx highlights. and here is your host. >> hi there. welcome to our "euromaxx highlights," which size up with these topics today -- >> dynamic designs. >> traveling man traveling around the world. >> and living sculptures. performance

that penalty is going to be costly for germany. way.buckingham is a job.ckson did the just trying to narrow those seconds. >> that is the gap between buckingham and those two pursuers. >> he is a warrior. will narrow the gap. he's such a brilliant swimmer. some very basic counting. the pressure being applied to buckingham. there they come. they are a country mile clear. >> france came out in second place. that's how important it is to have no weakness in your game isp make sure your helmet done up. you don't want to add another 10 seconds. >> he knows easiest -- he knows he has outrun buckingham. they work together and talking becomesmart, if he stubborn and does not take the lead, that's going to give bailey a chance because bailey is a great runner. >> he is laying it down. he wants the gold medal. news of thatf the penalty is in the crowd. >> at this point, you just have to transition. it's going to come to just a few seconds. does he still have some? >> a good transition. >> the guy who needed the fastest transition. >> vincent

minister guttenberg: germany helped grease out at the end of the day. there were a lot of talks about , and at thegrexit end, germany gave a solution and offered a solution. if it was wise or not is another thing, but now it is come to say there's a lot of pressure coming from germany, but on the other hand, you have the chancellor sitting there who has the impression of being a person and was just a counterpart whatever happened happened in a way that greece came out and said, "let's try another step." and the french said let's keep the club together and germany said the club only works when we rule off of talent at the end of the day. an imflix pointed out bullet point today where they said if greece ails or if greece goes out of the eurozone, it could become an economic problem for germany as well destroy you confidence. do you think the countries in europe could see a failure in greece? minister guttenberg: i do not see a lehman brothers moment, but on the other hand, you have greece in a situation in the eurozone where others could step up and say,

run.ey are often on the germany has a penalty. him tell them,rd germany has a penalty. trevor: not what you want to seemed toagain, non have the same problems with benson there with the helmet coming off. >> not a big surprise. trevor: i think, because of lease running the fourth leg for france, the only chance for great britain, who doesn't have a time penalty, or australia, they've got to get a lead. i know what you are going to say, but swim on your own, bike on your on, but i am not surprised to see it, and i'm not saying it is going to work because it is only one mile. how much of a gap can she create? >> look at that gap, wow. it will be probably 12 seconds, 13 seconds, to australia, and maybe 50 seconds back behind the lead. tovor: robisch is about touch, but that penalty is good to be very, very costly for germany. great britain is away. they will be first in the water as we pass the earmarked here. robischon did the job, there, just trying to narrow the second. trevor: ryan bailey from australia has the job here. that is the gap. buckingham and those two pursue

a total of 1.6 million tons of bombs were dropped on germany. remember, 60% of it in the last seven months. what did they do? when i say the effect of aircraft production was mixed we did reduce aircraft production but the germans were still capable by dispersing industry to make lots and lots and lots of airplanes. that is why if you look at postwar bomb damage surveys and photographs you see german airplanes parked all over germany under the trees and on roads and stuff but many of them are not complete in terms of parts. they could not have engines. they could not get the airplanes together in final assembly because of attacks on transportation and they could not fly effectively. german pilots by the end of the war are going into battle with as few as 50 flight hours. as few as 50 flight hours as pilots. that was not because the germans did not know that training was important, but they did not have the gasoline to train. oil production by two thirds. wrestling down to 5%. the germans -- gasoline down to 5%. the germans swept from the skies.

germany is ready to take in a large number of migrants he's as. that includes refugees in need of section. as your up continues -- as her up continues, they demand this what solution. -- as europe continues they demand a swift solution. brent: we'll see how traders are responding to china's efforts. and a nasty fall. we will have more pictures for you straight ahead after the break. stay with us. brent: this is dw news live in berlin. our top stories. prime minister alexis tsipras is trying to keep greece inside the eurozone. plans announced to launch a currency pool and their own development bank. the bricks group say that efforts are needed to combat global instability. more about the stock market. the chinese stock market almost crashed. we can call it a major correction. >> you can call it that. we have seen dramatic developments over the last few days. first, the shanghai stock exchange rallied. it has lost around one third of its value since june. they worry about the health of the chinese economy overall and there are fears that cyst amick

sarah: this is not an isolated case in germany. the jihadist movement is gaining traction here. >> there are 600 that work from germany to area. their numbers are rising and this is a reason of earned for security authorities. everybody is wondering why these young people are joining terrorist movements. they are interesting observations to be made. they say the family history is mainly a con act between sun and father. the face of orientation, so to speak. and sometimes, they feel attracted by the creatures that tell them, we've got the right message for you and they are hooked. and they are driven slowly but steadily into the ideology of the estate. sarah: what is being done to eliminate that? >> they try to prevent the radicalization process. we are talking about small numbers. 4.5 million muslims living in germany. a tiny minority but still, the security authorities are worried that they go to syria, they come back, they do crimes here and make things a load. they are trying to convince people when they are young, not to join t

is germany's dominance threatening european unity? >> is germany's dominance threatening european unity? if you read the french newspapers, you get the impression, don't you that it was hollande that saved this marathon session in brussels. that angela merkel was prepared to accept it. but he was the person who came forward with a european idealism, that europe has to continue on the path that its on that we are too far along there's no way back now. we need, not less integration we need more. do you agree with that? >> well, i think that that was not the right answer. that it's not the right answer. i thought that the best thing we could say about the last weekend is that everybody went home and was the winner of the game. so alexis tsipras went home and said, well, that was the thing i could achieve. angela merkel came back and everybody respected them for just saying, at one time, there is no alternative, but to have an alternative, which has been discussed, and even hollande, who helped the greeks just to bring it to an end in the

we don't go back to germany for almost five months. thought i'd show you what a b-looks like. -- b-17 looks like? magnificent airplane. the people who flew b-24's liberator are just as proud of their airplane as the folks who flew this airplane. this is the one that gained all the fame and fortune. 10-man crew. top speed of about 255 260. carried about a 4,000 bomb load. ranged effectively about 2,000 miles. early attempts were made to make these aircraft more self-defending flying in combat boxes. large numbers setting up interlocking fuels of fire of those machine guns to try to ward off german fighters but as we've seen not terribly effective. so what -- what changes? or what has caused these problems is the better? let's start with that? i think we've mentioned some of these already. weather, mechanical failure. air crews faced with these casualties. get tired. have to take a break. sent for a couple of weeks away from what is in their view almost certain death with 50% casualties. we were never as accurate as we want. the airplane

as germany is taking in a large amount of refugees, right? >> germany is the biggest recipient of asylum applicants in the european union. and interestingly enough, also among industrialized nations. it was 180,000 applications and german officials are expecting 400,000 by the end of the year. it is creating problems for german officials. brent: german officials, european officials. the reason you are in athens is you say greece and the refugee crisis and the debt crisis, all of it is one big nexis. do you think a possible solution will be found? yes or no before we leave? >> it depends on germany and the european union. brent: thank you. we will have to let you go right there. thank you for watching the w news. we will see you next time. >>> this week on "wealthtrack," rock climbing bond manager robert kessler continues to chart his own course and reach for u.s. treasury bonds while other investors say they are too risky to own. why kessler says treasuries are the safest route in a treacherous climate, next on "consuelo mack wealthtrack." â™

germany needs to agree -- germany won't agree to a debt cut for greece. let's bring back in daniele antonucci. this is clearly making the german position so clear. debt relief, dream on. daniele: to come back to your point about trust, this is also the biggest deficit, i think. it may make quite an effort. it remains to be seen where that happens. if it does, we might be looking for those that re-profiling extensions that we talk about, but a haircut is not in the cards just yet. manus: i think its interesting that she says the timeout decision is with greece. what is your base scenario? will they stay? what is your call on grexit? daniele: we haven't really changed our view. the situation remains quite uncertain. we suspect it could take a year year and a half before greece risks exiting the eurozone. they might just do it because the numbers are daunting when it comes to the adjustment. it remains to the scene whether it can change so soon, so quickly. manus: great to have your take this morning especially when we have merkel on her feet in the bundesta

these respect -- you know this is going to be a lasting scar compared to what germany -- not just germany, but europe has had a lot of. i don't think this is going to be the one that maybe they mean this new union. the other thing, michelle we found out the germans think this deal is bad ant greeks think it's too tough, it reminds me of the deals we do with congress back here where both sides hate it and then you know it's a deal that has a chance of actually working because neither side likes it. those are the only ones that ever work right? >> i would agree with you on that last point for sure. and back here there is amount mitch month business community, of all people that can actually get this done alexis tsipras, he is so popular, he is the one person in this country who could actually sell all of these proposals to the greek people. if you think about clinton a democrat, having done welfare reform and nafta, two things theoretically would have been done under a republican administration. right? >> i don't see people saying wow, i'm really mad at germany, they were just too tough on

they want to know what happened in germany. a what to know answers to the questions that we are asking. how can a civilized nation like that become murderers? commit unbelievable atrocities. and this is what we also speak in the schools here. because the young people here want to know. like i said, they are going to be the future leaders. they will know, from what they learned from us. if they do not learn from us they will not know what happened. from us, they learn. they can carry it on. again, there is a great interest, a great demand for holocaust survivors. i know there is a representative here. i've spoken on many occasions for facing history to students and schools. we did make, two years ago i made a documentary a movie in poland and germany. it is called "i promised to my father." it was from the question i said before. when my father sent me over to the other line after the selection. they were sent to the death camp in treblinka and murdered there. my father said, if you survive remember to carry on the jewish life a

he said germany is -- it was not the greeks who did it. that of course is all in the past, but he does mention the pressure on the greek government, which shows the trending #this is a coup. this was exactly right. genie: that #has been trending across europe today. people showing a lot of anger. oliver: hundreds of thousands of tweets were sent using the hash tag. including the leftist leader in spain, an ally of syriza. "all of the support to the greek people." and "even the most loyal are furious with schauble today." no this is not a union, this is a coup. a french tweeter writes about the proposed transfer of greek assets. schauble, convinced of greek corruption, will oversee the sale of 50 billion euros in greek holdings. manuel said earlier on that that will be located in greece now. that is a little bit of thing of the past at this point. there had been some untoward stuff on there as well, with nazi slurs and others being cast towards germany and others. some are also not -- one journalist says that this is a pretty egregious over

germany says yes on a new bailout to greece. angela merkel secures a victory after telling lawmakers a new bailout is the best solution for greece germany, numeral. remembering and still asking who did it. relatives mark one year since the crash of malaysia airlines flight in may 17 in eastern ukraine. and horrific scenes in nigeria. 2 female suicide bombers kill dozens of muslim worshipers celebrating the end of ramadan. we will hear from our correspondent in lagos. i'm brent goff. it is good to have you with us. it was the vote needed to ensure that talks for a new greek bailout can begin. berlin delivered. germany's parliament on friday gave the go-ahead to start talks. it means the country can negotiate a deal for athens based on the tough austerity measures that germany wants. chancellor angela merkel told lawmakers that the bailout was not just good for the greek people, but also for germans. reporter: the session started with flowers for angela merkel's 61st birthday. but the mood was anything but celebratory good some me

as germany is taking in a large amount of refugees, right? >> germany is the biggest recipient of asylum applicants in the european union. and interestingly enough, also among industrialized nations. it was 180,000 applications and german officials are expecting 400,000 by the end of the year. it is creating problems for german officials. brent: german officials, european officials. the reason you are in athens is you say greece and the refugee crisis and the debt crisis, all of it is one big nexis. do you think a possible solution will be found? yes or no before we leave? >> it depends on germany and the european union. brent: thank you. we will have to let you go right there. thank you for watching the w news. we will see you next time. anooga, tennessee. according to reports, three members of the military have been killed as well as the shooter. at least two military facilities in tennessee were attacked earlier today in those shootings. the latest live images coming to us from tennessee. one of the buildings is a navy recruiting building,

and let's talk about germany on this. benefiting from this undervaluedureio currency, they have been able to export to the world because of the weak brethren. they are not high and mighty. i said history is important, germany, allies wrote off majority of german debt following world war ii. there is precedents for a country in trouble, i do have sympathy for greeks, i don't think they are 100% culprit, more is germany 100% victim. charles: okay. not even necessarily about writing off debt but about next move that keeps greece alive. the scuttlebutt that tsipras will go to brussels tomorrow, and say we want a 30% reduction right now. he has been emboldened. and it is hard to say, he will not have some stress at negotiates table. >> everyone talking about if you let a country go, then everyone else will see they can leave ei as well, but if you keep doing this, you are in trouble, we'll keep helping you, you need a intervention. who would go to rehab if you keep getting ep ma enabled. so, but, you have to have somebody who

between iran and germany. mark gabriel weakened the first senior figure from the western government to visit iran afternoon nuclear deal was signed last week. in 12 years of western sanctions and opening iran of four trade. >> german economy and france have a few dozen to remain economic ties. both sides enjoy benefits. >> according to the press, the group includes representatives from volkswagen, siemens and mercy 80's. as well as smaller companies. germany's company heavily reliant -- germany's economy heavily reliant on trade. in 2000 14 germany industry groups tested exports from the largest economy could as much as quadruple in the next several years. >> we hope to make a lot of progress after sanctions are removed. it seems german companies and the state have political determination to help iran put behind it the era of depression. >> iran hopes to gain its position in the oil market. less than half of what it sold overseas before sanctions were imposed in mid-2012. to further economic ties between the n

germany is ready to take in a large number of migrants he's as. that includes refugees in need of section. as your up continues -- as her up continues, they demand this what solution. -- as europe continues they demand a swift solution. brent: we'll see how traders are responding to china's efforts. and a nasty fall. we will have more pictures for you straight ahead after the break. stay with us. brent: this is dw news live in berlin. our top stories. prime minister alexis tsipras is trying to keep greece inside the eurozone. plans announced to launch a currency pool and their own development bank. the bricks group say that efforts are needed to combat global instability. more about the stock market. the chinese stock market almost crashed. we can call it a major correction. >> you can call it that. we have seen dramatic developments over the last few days. first, the shanghai stock exchange rallied. it has lost around one third of its value since june. they worry about the health of the chinese economy overall and there are fears that cyst amick

sarah: this is not an isolated case in germany. the jihadist movement is gaining traction here. >> there are 600 that work from germany to area. their numbers are rising and this is a reason of earned for security authorities. everybody is wondering why these young people are joining terrorist movements. they are interesting observations to be made. they say the family history is mainly a con act between sun and father. the face of orientation, so to speak. and sometimes, they feel attracted by the creatures that tell them, we've got the right message for you and they are hooked. and they are driven slowly but steadily into the ideology of the estate. sarah: what is being done to eliminate that? >> they try to prevent the radicalization process. we are talking about small numbers. 4.5 million muslims living in germany. a tiny minority but still, the security authorities are worried that they go to syria, they come back, they do crimes here and make things a load. they are trying to convince people when they are young, not to join t

they played germany they passed with absolute flying colors those colors were red white and blue. phenomenal performance but not over. you heard carli lloyd say got eyes on bigger prize. >> leslie: the players were so ready to go play against germany, they were feeling so confident. way that they showed up today fact that they were put in good position to go out there be in the right formation win against really good germany team they have to feel confident that they can win the second game. >> kelly: they come out and perform they haven't seen that. but when it matters they deliver. i thought carli lloyd led by example she was i am mention. pressure to take that penalty having sasic sus missed that. calm composed, led by example. >> rob: u.s. moves on. ari, give us the german's perspective. >> ariana: because they -- referee decision today but america had better package today seems like the games they tried different formations, the sixth game they found the right formation, played the perfect game. got to admit they were better today. >> rob: two very interesting calls leading t

-- were killed -- american soldiers were killed in action in germany. it was awful to the last gunshot. world war is a class of -- clash of systems. which system can generate the combat power to prevail? in the form of 12,000 airplanes aloft, the 10-1 advantage in artillery ammunition, the mass production of penicillin, the ability to design and build and deliver an atomic bomb. which system can produce and educate the men? and they were mostly men which is why the war took so long. which system can produce the men capable of organizing the shipping, the rail and truck transportation, the logistic demands of global war? the war cost taxpayers $296 billion. that is $4 trillion in today's currency. to help underwrite a military budget that increased 8000%, president roosevelt increased the number of taxpayers from 4 million to 42 million. in the european theater alone, american industry produced 18 million tons of war material. churchill called it a prodigy of organization. that range from military vehicles to footwear -- ranged from military vehicles to

and again greece and the other in favor of greece and against germany to say. we are moving out of the comfort zone and the numbers you mentioned are a clear indicate fore that. that miss merkel has to -- she can't be sure that her majority is back all the political steps towards this rescue package what's going on for so many times. >> reporter: there is a sense among the opinion polls here in germany suggest that very many people in germany really distrust the greek government. many ordinary german voters distrust the greek government and wonder whether more money is a good idea s there a thought perhaps that the german government is moving beyond the people? it's not representative of what the people really think? >> i think for the time being we still have a 50/50 majority or maybe 52/48 at the moment in favor of the rescue package. so as long as the government and i think this is pretty much backed up by the credibility of the finance minister who made a very strong statement in this negotiations who more or less guaranteed that the eurozone members made t

i think what's crucial to understand is that germany does not want to be the leader. because of germany history they're reluctant to go into a direction that would dominate the debate so they don't want that, but at the same time they do. they've got a lot on that front. >> staying in greece, two separate wildfires are pouring more misery on the country's economic woes. strong winds and high temperatures caused the flames to spread quickly. helicopters, planes, and dozens of firefighters have been sent to the site. residents from three villages have been told they have to leave their homes. prime minister tsipras paid a visit to the control center. >>> police in egypt have shot six protesters among hundreds of demonstrators. they're calling for the restoration of former president mohamed morsi who was deposed in a military coup in 2013. nadine barber reports. >> a violent confrontation. this footage shows anti-government protesters squaring off with security forces on friday morning. demonstrations against the rule of el-sisi erupted after prayers in several owealatio

is seen as enabling or paving the way for the reconstruction of germany. it enabled the postwar economic miracle, but germany also had the industrial base that europe direly needed for its own good. greece is seen by a lot of europeans as less important today than germany back then. that's a debate. you could #out for hours -- you could hash that out for hours. tsipras making an impassioned plea for helping greece do right by it, and, by extension, it would do right for europe as well. calling on a sense of european solidarity and responsibility -- all themes he has touched on before themes those who sympathize with greece's cause have alluded to, including some members of the european parliament who spoke earlier talking about the founding principles and values, not just economics, but what is europe really about in the end. that very dramatic ending, alluding to the fact that many people have been blithely calling this a greek tragedy. quoting sophocles' "antigone," "perhaps the greatest law of all is the human law of justice," putting people first, not

why is germany so keen to do business with the country? >> people are wondering why they thought it was wise move quite so quickly. the reasons are twofold. there is a lot of money to be made. the president of the german chamber of commerce traveled on that trip and says he believes german iranian trade is leading a trade partner just a few years ago. it is a very important economic relationship. he believes that reestablishing these ties is the best way to show people inside iran that they are getting the benefit of staying in the dialogue of continuing to negotiate with international partners rather than adopting a hostile horse. if they didn't see the benefits of ending sanctions, people in iran might ask you, what was the point of offering concessions. brent: and the israel card has come into this discussion. how has this development affected german-israel he relations? >> it could put some strain on them. it's no secret that the israelis don't think much of this deal. they continue to regard iran as a threat. and there are plenty of p

. >> the director of germany central bank, germany alone could use 80 billion euros if the greek crisis can't be turned around. wednesday afternoon, german finance minister presents a balanced budget for 2016. the contrast could not be greater. shortly after, the focus is back on the crisis in greece. >> this whole thing is deeply depressing. >> germany's parliament debates the greek crisis. from day one this has been about one fundamental question. europe is about a common destiny. its hallmark is a legal union and shared responsibility. the essence is the ability to find compromise. just like germany, france, and all the others. wednesday evening she talks about her relations with the greek prime minister. >> i have spoken to alexis tsipras several times and our personal relationship has not been damaged at all. still, merkel insists she will only start talks about the next rescue package after sunday's referendum. brent: you are watching dw news. we will take a break. brent: this is dw news live from berlin. good to have you with us. u.s. president barack obama has announced the form

germany took home $35 million. this year's women's world cup taking home $2 million. there's an issue of sexism. outgoing f.i.f.a. boss sepp blatter is credited with making the women's world cup, but remarked that women's footballers should wear "more feminine clothes like tighter shorts", for kerry, the first woman conducted in the canadian football hall of fame says it sends a wrong message. >> it sends a message that women in a certain stereotype is an image for girls playing soccer. >> looking at the history explains the struggles in the women's game. men's tracing back to the 18th century, women's starting a century lair part of the -- later, part of the reason why it's not as popular or well-known as we found out on the streets of vancouver, when we asked if anyone could name players from the women's u.s. or japan teams. >> i don't know. >> not at all. >> i couldn't make an attempt at it. >> reactions like that have f.i.f.a. officials admitting they need to do more. >> on the side of women's football. the communication side, the promotion side has not been devel

cole currently accounts for over 40% of germany's total electricity production. if industries continue to ban coal at this rate officials fear they may not be able to meet the ambitious target. >> translator: if germany not meet the targets developing nor emerging nations will follow. international contributions toward global warming will collapse. >> reporter: so the government has a proposed new penalty on the operators. those that are over 20 years old, such utilityies will need to buy extra carbon credits for their breaches or face shutting down. unions have opposed the plan. they said the government's rules were resulting in a loss over 100,000 jobs. local governments are trying to push industry under unions to shift the renewable energy but that's not easy. >> translator: there are chances for companies to be winners, the state wants you to be winners, not losers. >> translator: undecided energy policy ends up burdening workers. >> reporter: later this year the german government will announce plans to the parliament to limit cole power generation. the count

that is different from saying that germany is leading europe. germany is leaving germany right now. that is a serious problem. tom: our twitter question of the day -- is the euro crisis over? also, we will speak to dr. bremmer about what you do not understand on the iranian deal. ♪ tom: good morning, everyone. let's get to top headlines. here is vonnie quinn. vonnie: flooding brings deadly results in ohio. high water washed away a mobile home south of cincinnati killing a pregnant woman and those coup other children. nearly five inches of rain -- killing a pregnant woman and two other children. nearly five inches of rain fell. a bridge collapsed on interstate 10 about 50 miles west of the arizona border. officials say they have no idea when it will reopen. the jobless car goes to college. a testing ground for autonomous vehicle is opening today at the university of michigan. the site is called m ci and is designed to simulatety suburb and city traffic settings. "ant-man" debuted this weekend with $50 million. "minions" was second. it was not directed by wolfgang schauble. brendan:

old germany. this creates an obligation, one we have to meet, it demands of germany more than we have seen in these negotiations. we are lucky to have barry eichengreen onset with us. his work on primary surpluses that were demanded in the last two agreements of greek, and just how hard they are to reach. when you look at this conversation in germany, there seems to be little recognition of what they are asking of the outside world when this was imposed. barry: what they are asking is extraordinary. not unprecedented. there are three or four countries in history that have run primary surpluses that large, more than 3.5% of gdp for that long for one or two decades. there are exceptional countries under exceptional circumstances against the backdrop of a strong economic growth. what they are asking for greece is unrealistic. brendan: there is difficulty in recognizing this, this was asked in a 2010 come of these primary surpluses, and the imf has admitted that his models are not as accurate as they

it is not even the germany -- issue of germany giving in. is -- spain and italy asking for it will be bad enough. joe: thank you very much. alix: a pleasure. a rock star on this day. we're talking china. wiping out 2.9 joined dollars in value. we will show you two surprising stats that will put that number into perspective right after the break. ♪ the three point $9 trillion of value had been wept out of china's stock market in the recent selloff. that is more than germany's total output and equal to present -- president obama's 2002 proposed budget. that is crazy. joe: despite the mess. alix: it is a big drop. and the upside is huge. guest is joining us. good to see you. am fascinated by this quote from the ft. it was at some graduation. top universities in china. shares --e the air the a shares, benefit the people. what explains the obsession they must have the market up? asked the government has put everything on the line here and stop thes going to fall. said they thought it was a mistake and it was not necessary to support the market

>> germany is reluctant to assume leadership. everybody looks to at-- >> whether you want to be a leader or not effectively germany is the leader of the eurozone. is that not even a consideration? >> i think to a certain extent there is a lack of understand to what extent everybody looks to germany for what they want. everybody else understands that what berlin says often at the end of the day is the outcome of the european union. they don't want to understand that and look at it that way. >> they don't trust the views of european countries? >> no, i think it's because of german history because they're reluctant to go in a situation that would dominate the debate. they don't want that, but at the same time they do. they've got a lot to learn on that front. >> a difficult position for them. political economy with the eurasia group. thank you for joining us. >>> as if greece's problems are not enough, prime minister' licksprime minister alexis tsipr as is facing wildfires. >> with the flames of its financial crisis not yet extingui

. >> the director of germany central bank, germany alone could use 80 billion euros if the greek crisis can't be turned around. wednesday afternoon, german finance minister presents a balanced budget for 2016. the contrast could not be greater. shortly after, the focus is back on the crisis in greece. >> this whole thing is deeply depressing. >> germany's parliament debates the greek crisis. from day one this has been about one fundamental question. europe is about a common destiny. its hallmark is a legal union and shared responsibility. the essence is the ability to find compromise. just like germany, france, and all the others. wednesday evening she talks about her relations with the greek prime minister. >> i have spoken to alexis tsipras several times and our personal relationship has not been damaged at all. still, merkel insists she will only start talks about the next rescue package after sunday's referendum. brent: you are watching dw news. we will take a break. brent: this is dw news live from berlin. good to have you with us. u.s. president barack obama has announced the form

germany says yes on a new bailout to greece. angela merkel secures a victory after telling lawmakers a new bailout is the best solution for greece germany, numeral. remembering and still asking who did it. relatives mark one year since the crash of malaysia airlines flight in may 17 in eastern ukraine. and horrific scenes in nigeria. 2 female suicide bombers kill dozens of muslim worshipers celebrating the end of ramadan. we will hear from our correspondent in lagos. i'm brent goff. it is good to have you with us. it was the vote needed to ensure that talks for a new greek bailout can begin. berlin delivered. germany's parliament on friday gave the go-ahead to start talks. it means the country can negotiate a deal for athens based on the tough austerity measures that germany wants. chancellor angela merkel told lawmakers that the bailout was not just good for the greek people, but also for germans. reporter: the session started with flowers for angela merkel's 61st birthday. but the mood was anything but celebratory good some me

why is germany so keen to do business with the country? >> people are wondering why they thought it was wise move quite so quickly. the reasons are twofold. there is a lot of money to be made. the president of the german chamber of commerce traveled on that trip and says he believes german iranian trade is leading a trade partner just a few years ago. it is a very important economic relationship. he believes that reestablishing these ties is the best way to show people inside iran that they are getting the benefit of staying in the dialogue of continuing to negotiateh international partners rather than adopting a hostile horse. if they didn't see the benefits of ending sanctions, people in iran might ask you, what was the point of offering concessions. brent: and the israel card has come into this discussion. how has this development affected german-israel he relations? >> it could put some strain on them. it's no secret that the israelis don't think much of this deal. they continue to regard iran as a threat. and there are plenty of peopl

germany played a significant role in brokering the deal, we are told. you do not think much of the deal, do you? alan: no, because basically since 2006, we have had the un security council saying iran must give up all of its nuclear ambitions, including especially everything to do with preparing and enriching uranium. they have not done that. not all of the program has been mothballed. one third of the things that they have used -- i lose the word -- sit in place. john: centrifuges? alan: thank you so much. and they have not made any concessions on other issues, which you talked about. human rights and the attitude towards israel. towards all their neighbors, in fact. the expansionist nature of the regime. we have not gotten anything politically in return. also as you pointed out, the germans are eager for a deal. john: the german economic minister was there before the ink dried on paper. alan: it has not been signed yet. it has not been ratified by the congress, either. the reason is oil. john: ursula weidenfeld benjamin netanyahu told the israeli parl

the biggest country willing to stick with it is germany. there are finland and netherlands that can push hard for the strictness of the rules. the real problem i think of the euro is that if greece gets a deal that is way far off from the rules then other countries are going to demand the same. and very soon the rules will be completely different. that's the real problem. the euro was premature. there is no tax union, there is no transfer union in the european in the eurozone. so because of the euro and because the countries don't have flexibility to change their exchange rates, more or less they have to grow and the product activity has to grow at the same pace. you can have big be aer raises like greece where the productivity did not grow where holland and germany grew a lot. these are inherent problems of the euro t means that it's difficult and needs a lot of management. >> still to come, how a unique center is sparking debate about censorship and one step at a time how high altitude is bringing relief to isolated villages. do before wh

what about france and germany? it would have been said that we were not capable of giving this impulse. we are to carry a product protecting people. the euro protects countries that are part and parcel of this monetary zone. so what about -- what would. >> reporter: said-- what would have been said about this dislocation as far as we're concerned. i wanted to bring this discussion to a successful outcome and offer to greece what they were expecting. stick to the european constrict, friendship between france and germany, in other words, succeed in opening a new era in the european construction because we shall have to strengthen this monetary space. we shall have to see to it that we are respected, protected, but also allow for more growth. this is the very task for us all in the coming days and months. it took a lot of time but it was a positive night for europe and a positive morning. i shall take some questions but not too many. because we've got to go on. >>> welcome to "worldwide exchange," you've been listenin

tax rates in germany are among the highest in the e.u. which means keeping the finances in order can be a struggle. manfred says the thought of his firm's money being used for another greek bailout is maddening. >> translator: i always imagined it in practical terms. if i lend money to someone and i want it back at a certain point, i don't get it. but i'm not stupid enough to lend money a second time. >> reporter: but on thursday the european central bank did exactly that. announcing more assistance to greece for a seven-day period. >> we have accepted the assessment of the bank of greece in terms of the immediate needs of liquidity that the greek economy has. now if things continue to proceed in a positive way, we will have a phase during which the bank agrees and the ecb, which are working very very actively in monitoring the situation, will look at exactly the needs of the greek economy, how can they gradually be satisfied and at the same time we don't risk a bank run. >> reporter: an opinion poll emerged suggesting that barely half of

germany is a wealthy country but it also looks after needy people. the project makes sure they get a bag of food every day so they have something to eat. >> he's about to fly to greece to recruit volunteers, open a base there, and talk to supermarkets about donating food. >> meanwhile in hamburg, for the last two years hinrich stechmann and his team have been collecting donations and medicine for people in greece. his colleague kalliope brandstÄtter is currently in athens, looking for families in need of support. >> the german public is happy to help. many germans worry that the government's financial aid doesn't actually reach the greek people. >> but kerstin bock knows her contributions arrive. she's been sending care packets to a greek family for two years now. >> when i went on holiday to greece, i saw how much the population is suffering from the crisis. that's why i decided to do something. >> she frequently visits greece and is always glad to see how families there benefit from people's care packages. >> kerstin bock hopes her care packages w

is very powerful very strong let germany handled it germany will take care of it putin probably comes in to save the day, if germany doesn't, so i think that greece is going to be better shape than people think but if united states cannot be in every fight, just remember, this was all set up, to hurt the united states, they were going to do better trades because of the power unfortunately, you know it hasn't worked out perfectly probable still not bad. >> what do you think is most important issue america faces now when you look at issues from foreign policy to economic policy and beyond what do you think is number one issue that you want to focus on as president. >> well what i would be focused on, better than anybody not even close this came out in a poll number one every category, economics and jobs i this i this the most important issue is nuclear if you want the truth i think the powers of weapons today is so massive, that the united states has to focus on that, i don't think we are focusing only it enough. we are doing a very weak pathetic deal looks like if that deal gets signed

is germany trying to crush greece to set an example? will greece leave the eurozone? what does this mean for the global economy? we will go to athens to speak with paul mason and in the united states economist richard wolff will join us in new york. he will also look at the rise of democratic socialist presidential candidate bernie sanders as he draws the largest crowds of the 2016 race democrat or republican. all that and more coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. greek prime minister alexis tsipras has arrived in brussels for an emergency euro zone summit two days after greek voters overwhelmingly turned down the terms of an international bailout in a historic rejection of austerity. on sunday, greeks by a 61 to 39% margin voted against further budget cuts and tax hikes in exchange for a rescue package from european creditors. tsipras is scrambling to present a new bailout proposal as greek banks remain shut down. if greek banks run out of money and the country has to print its own currency, it could mean

you saw in germany. most recently, a public opinion poll in france shows 50% of respondents want to see greece leave the euro. 49% of them to see them stay in. approaching the numbers we have seen in germany. they have been in the mid 50's. nothing north of 60. this idea that greece will be better off outside of the eurozone. more poorly, europe will be better off without greece -- more importantly, europe will be better off without greece. jonathan: -- talk to me about the substance and that's about the substance of the negotiation. do you think the substance has changed? is a different?

germany, julie johnston after it. but she takes down alexandra popp. germany with a penalty kick. celia taking it for the germans. but it's wide. well could stay scoreless. the americans catch a break. later in the half, this time the united states on the attack. alex gets taken down. the refs said she was inside the box. i'm not complaining. that's a penalty kick. carly taking this pk. she could woman through for her teammates. the united states takes a 1-0 lead. lloyd not done. 84th she is going to spread the love here. setting up kelly o'hara. beautiful pass from lloyd. o'hara benefits. the united states they beat germany by a final score of 2-0. so the americans will play the winner of japan and england. that match will take place tomorrow night at 7:00. >>> let's move on down to the baseball diamond for a moment. the nationals keep beating up the braves. and no one feels sorry for atlanta. nine straight wins for the nats against their division. the nats opening up a tough stretch before the all-star break. that's what we call writing to video. nats, writing a good story in th