this is a conspiracy by which to loot greeks it is not and i said we. because if it were conspiracy it would mean that it would be somewhere i am and some reasons and some logic behind what the europeans and the i.m.f. are doing in greece you see i don't believe that isn't it logical and it will believe there is a plan and i don't think there is any over arching objective i think what is happening is this they use system was hit particularly hard by the gay financial crisis in the credit crunch of two thousand and eight it started under auditing our european leaders are at a loss to know what to what to do with it so they they do that on their own don't you think they know and that is to apply sticky tape in order to keep it together. and then to face and i can picture which is that this integrating the sticky tape is very expensive it comes in the form of huge loans the loans come to greece they have to to throw some bones to their own parliaments in berlin for instance and to explain why these loans are being given to greece and these are the bones co

to bail out the greek creditors oh yeah it definitely coming into the u.s. because some countries go was brazil kicked the i.m.f. out the economy was booming yeah the same situation down egypt they're saying no i.m.f. loans no world bank we don't want the terrorists we don't want the financial terrorists the market fundamentalists the banker jihadi on wall street we don't want them stink and suicide bankers like lloyd blankfein blow himself up here in egypt but in america sense they are basically idol worshipers a pop idol worshippers of lloyd blankfein a merry band of derivatives fraudulent counterfeiters speaking of pop idol there is the populous nation going on of j.p. morgan which is the biggest of the banks her occupiers in the world and they have this former beauty queen who's now a j.p. morgan executive and i see all of the financial blogs posting photos of her and it's actually in the u.k. press as well this this hot babe who is this banker so that's the sort of thing they're trying to create this sort of worship thing of the what lindsay lohan sort

then the current rating on greek debt of triple c. it doesn't seem as though either approach really makes any sense because what we're talking about here is more of a systemic problem the banks have systemically corrupted the system in ways where they make all the money and everyone else suffers all the losses is that a fair characterization i'm so really. i have. offered a few photos basing that just like in one thousand nine hundred run socialism. you could just in two thousand and eight and we saw the end of capitalism and somebody took stream but had to seriously believe that this is where exactly what happened we can only wonder how could this now and we wonder jean-guy go bankrupt or krissy it's all the same as bunker crissy it's not ruled by banks it's ruled by banker banks the greater the failure of the grand in two thousand and eight and in europe today have a duty to its power to set the agenda and it's a very strange regime under which defies the traditional left versus right arguments of free markets versus. collective act

the greeks finance the initial buy. one hundred ten billion a year when they'll start looking at ways of continuing to play money towards we really come to a plan b. if that when it comes to the troika many people now in greece simply don't want their help their actions is being torn and to self interest. groups you know where to get as much as the. big get out if they are going to get all the. state. property and they are going to give almost everything for the people to follow it certainly can it's a high cost for the cuts in public spending and raising taxes and in the course of privatization program that would mean the sale of many quit public assets one of the reasons that everybody is so determined to keep greece in the euro is so that the banks don't have to take a serious hit of their faulty lending policies result as if there's a whole other holy alliance of politicians of bankers versus ordinary people it's a fight that the people say they're not prepared to lead. on t. athens. eurozone finance ministers are w

of this money actually comes into the greek economy it all goes out. the battle zone save the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see. taxes and nothing else their money does not go. near a struggling against. him and the government now faces an electorate opposed to a bailout or people here have been saying is that the. european central bank. financed the initial bailout that scene of one hundred ten. when they'll start looking at ways of continuing to purslane money i merely come to a plan b. if that when it comes to the troika many people now in greece simply don't want their help their actions is being born as a self interest. not a way to get as much as they. get out there are going to get all this they. problem i mean very proper and they are going to give almost everything in the bailout would certainly come it's a high cost for the cuts in public spending raising taxes and any question of privatization program that would mean the sale of many great pu

of this money actually of the greek economy you know. the battles on save the banks and prevent a large scale financial crisis for the people the price is simply still high they see their income going down they see taxes taxes taxes and nothing else their money does not go through. a year a struggling against hostile stares he measures that many government now faces an electorate. that bailout or people here have been saying is that. the european central bank. financed the initial bailout of the tune of one hundred ten billion you. when bells start looking at ways of continuing to play money we come to a plan. that when it comes to the troika many people now in greece think we don't want to help. being born as a self interest. as much as. if they are going to get all this the. property and they are going to get almost everything. that would certainly come as a high cost for the cuts in public spending and raising taxes and then of course of privatization program it would mean so many quick public assets one of the reasons that everybody

introduction of neo feudalism into europe as we've said all along sell sell sell everything must go in greek fire sale europe's most indebted countries and britain have put prized assets up for grabs to bolster their credit worthiness so what exactly is on offer max tell us and rethink that well we know in greece we've already listed that last episode ireland has the national airline ports power stations energy suppliers transport systems sporting assets and even the irish national stud well thank you very much but i'm not for sale. whatever that is i assume it has something to do with horses that it's all about horse eamonn it k. and then spain is selling thirty percent of its state lottery now this is the biggest lottery in the world it's called el gordo it's been around for one hundred fifty one years but spain is not as badly indebted as other european countries but bond yields have soared so because of this they have to sell el gordo the company recorded three billion euro net profit in two thousand and nine on sales of nine point eight billion euros meaning the sell off will reduce tre

they're living totally off the good kind rakes the greeks are financing the rest of the data transfer mechanism of imposing austerity measures in greece portugal and spain so the banks can keep the baboo petting zoo in america open and of course there's china and there's japan who are financing to the tune of two trillion a year all these debts of america so is it going to feed the american population in the petting zoo or the military operations around the world it looks like a worse situation than in greece all right thanks so much for being on the kaiser report thank you max i'll go much more coming away so stay right there. twenty years ago i just country. began a journey. where did it take. to . bring you the latest in science technology from the realm of. the future of coverage. welcome back to the kaiser report time now to go to new york and speak with dr michael hudson dr hudson welcome back to the kaiser reports thank you very much all right dr michael lots and let's get into grayson your thoughts on greece what's happening well it says if finances become the no motive warfar

of this buyout money actually comes into the greek economy it all goes out. most about those on save the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income don't going down they see taxis taxis taxis and nothing else their money does not go to very early a year a struggling against hostile stares he messes with men the government now faces an electorate it pays to know the bailouts what people here have been saying is that the free. the european central bank and the e.u. the grapes that financed the initial bailout sixteen of one hundred ten billion a year when they'll start looking at ways of continuing to pay money towards greece i merely come to a plan b. if and when it comes to the troika many people now in greece simply don't want to help them out since it's being born as a self interest they try. to get as much as they. show to get out the they're going to get all of the state. i mean their property and they are going to get almost everything. below it certainly can that's a high cost cuts

of this buyout money actually comes into the greek economy it all goes out. interest payments repayments the battles on save the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see taxes doxies taxes and nothing else their money does not go to very early corner me a year is struggling against partial sterett he measures has meant the government now faces an electorate opposed to another bailout or people here have been saying is that for. me i am the european central bank in the. finance the initial bailouts the chain of one hundred ten billion a year when bell stopped looking at ways of continuing to push loan money towards i'm really coming to a plan b. in fact when it comes to the choice many people now in greece simply don't want their help their actions is being born as a self interest throw. away to get as much as they can. get out. to get all this they. i mean. they are going to give almost everything. below it's certainly come it's a high cost for the cuts in public spe

debt would force them to reinvest seventy percent of that into greek bonds yielding at least five and a half percent but the greeks were forced to reinvest the money they got in this loan back into european aaa debt paying like two percent so it's a wealth transfer it was a constant annual wealth transfer that's exactly right just adding more debt that's always been the solution sans the end of grand words in one nine hundred seventy one just add more debt more debt as always going to go back to america because somehow they think that being part of the empire leaves them immune i mean western germany. west western west west germany that little land space which encounter less ago west west germany i think the people have an instinct that the i.m.f. is going to come there and steal their assets so they're getting rid of the assets before the i.m.f. and the bankers can take it authorities offer five hundred dollars for tips and heist of dozens of hydrants so this is from riverside county in california which is having massive heat waves fire alerts everywhere water agency officials say th

public the greek parliament passed radical austerity plans demanded by the u.n. international monetary fund including a sells of state assets and a swift budget cuts hoped to net almost a two billion euro m.p.'s naturally backstay measures despite widespread public opposition with protesters saying. the curve started to one hundred people not possible with economic crisis three days of demonstrations left hundreds injured as angry crowds clashed with police responded with tear gas and stun grenades and partial journalist demetri confidence has been with protesters aren't syntagma square the focal point of rest. i think the only real option for them right now for the protesters and for the greek people is if some sort of political option or movement develops out of a society out of the ranks of ordinary people who are intelligent who are capable who come from universities who have some idea of what the country needs according to scholars here in greece where constitutional scholars and former members of the government they claim that the measure completely unconst

of money actually comes into the greek economy it all goes out for. us about us onstage the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see. taxes and nothing else their money does not go very early here is struggling against harshest parity measures has meant the government now faces an electorate opposed to another bailout there's been lots of people are asking when the i.m.f. european central bank and the e.u. provided that initial to the tune of one hundred billion euros get a little hoss. and move on to plan b. because they thought the quest to manage another bailout package and pay back the loans for a lot of people. in fact when it comes to the choice many people now increase think we don't want to help their actions as being poor and interest rates. as much as they can. get out. of this the problem. is the problem i mean very proper. almost everything people below it certainly can it's a high cost for the cuts in public spending and raising taxes and then of

so it's probably the worst time for the greeks to be selling their assets. >>personally i would support even more privatization than that being announced, precisely because ofthe difficulties of reigniting growth in a context of increasing taxation. so privatization and other structural reforms can lay the basis for an economic recovery." >>reporter: recovery that looks increasingly unlikely. now, one year after receiving the biggest bailout in western history - 110 billion euros in emergency loans. a second, even larger bailout is being proposed. >>taxpayers in other parts of europe are beginning to lose patience with greece. >>i think if you do have a community, if one member is doing badly, you should help them. but they'll have to want to be helped and show some goodwill, too. >>i think, firstly, the greeks should tidy up their administration a little and of course work longer. because i think that if they don't work as long as the germans, why should the germans pay for it?" >>reporter: the real fear if greece founders is for the stability of the euro,

the greek state with the greek public sector is a traditional one with unacceptable dimensions according to the modern organization of the state and the public sector. the program of the privatization of the public entities of the so-called general government sector is a program of structural changes because we need them more clever, more factional and less expensive states. this program of privatization as a program of structural changes is vital for the budget and absolutely vital in other parts of the main fiscal target for the primary surplus the next year. but we have also the commitment and the obligation in the program for the financial needs of the country during the supper go in 2014 and in july, 2014. because the new program has three main pillars. the first is the new official support in the year goes on and parts from imf and the private sector involvement. the third pillar is our own contribution through privatization. we need an amount of 28 billion euros by july, 2014. for financial reasons but also structural reasons >> we have also a second stage, additional amount of 22

vessels from leaving greek ports greek couper's understand the decision of authorities is unlawful as athens have not provided any explanation to why defer to has been meeting in the first place a members of european parliament who are part of the humanitarian mission are planning to pressure the e.u. or the u.n. to interfere and stop greece from lawfully keep leaderless was important. for more on that freedom for to that story go to our website r.t. dot com where you can follow the latest updates from our correspondent who's on one of the detained buyouts in our. in our under lights camera action where are the round up of the glitz and glamour from this year's most going to national film festival bringing filmmakers and cinema stars from all over the world . by the russian police say they've raised all of the journalists who had been detained among protesters during celebrations of the twentieth anniversary of the country's independence according to human rights organizations police fired tear gas and to beat up activists and rounding up some two hundred people in the capital minutes

of this buyout money actually comes into the greek economy it all goes out. and repayments also battlezone save the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see taxes taxes taxes and nothing else their money does not go to very early corner me a year is struggling against partial sterett he measures has meant the government now faces an electorate opposed to another bailout that's been lost and people are asking when the troika that the i.m.f. european central bank and the e.u. that provided that initial to the tune of one hundred ten billion euro is going to look past the bear and move on to plan b. because the thought the quest to manage another bailout package and pay back that loan for a lot of people is that they are realistic in fact when it comes to the choice many people now in greece simply don't want to help them actions is being born as a self-interest to try. to get as much as they. get out they are going to get all this they. i mean. they are going to get al

approves a twelve billion euro bailout package to tackle the greek debt crisis as violent demonstrations rocked the country in protest of the. hundreds of thousands of public sector workers in the u.k. take part in a national day of strikes in an attempt to defy the government's plans to change their pensions. give. it to libya. this is the target. and the libyans will not allow them to do that. so the fight will continue as nato steps up its air assault on libya ortiz speaks exclusively with the sun about why his country is. an activist from humanitarian flotilla destined for gaza demanding authorities explain why their convoy has been banned from leaving greek ports in the palestinian leader except athens offered to deliver the aid to the enclave on behalf of the campaign. back at the top stories from the past seven days and the latest developments this is the weekly. the latest payout of e.u. bailout funds for the greek economy will be released in the next two weeks that's according to euro zone finance ministers without the money athens will default on its loans within days but the r

which would make it even less attractive then the current rating on greek debt of triple c. it does the same as either approach really makes any sense because what we're talking about here is more of a systemic problem that banks have systemically corrupted the system in ways where they make all the money and everyone else suffers all the losses is that a fair characterization absolutely. i have. ruffled a few feathers bay saying that just like in one thousand nine hundred one socialism . could just be in two thousand and eight and we saw the end of cataclysmic it seems to be sixteen but had to seriously believe that this is weeks any what happened we don't really want it happen it's now and we wonder jima try going bankrupt or krissy it's not the same as bankruptcy it's not ruled by banks it's through by bankrupt banks the greater the failure. in two thousand and eight and in europe today have to get into it's power to set the agenda it's a very strange regime under which defies the traditional left versus right arguments of free markets versus. collective action or sense o

of money actually comes into the greek economy it all goes out. the battlezone save the banks and prevent a large scale financial crisis for the people the price is simply too high they see their income going down they see taxis taxis taxis and nothing else their money does not go to very early a year a struggling against harshest areas he measures has meant the government now faces an electorate opposed to a bailout or people here have been saying is that. the european central bank. financed the initial bailout that scene of one hundred ten billion that you. start looking at ways of continuing to money. if that when it comes to the choice many people now in greece simply don't want their help their actions is being born as the self-interest of the british i'm going to get. so big it out the are going to get all of this the problem. is the problem i mean they're really property and they are going to give almost everything. below it certainly can it's a high cost for the cuts in public spending raise in taxes and an aggressive privatization program

top stories this is all see a closely rescued the three of the twelve began euro bailout package the greek debt crisis as violent demonstrations rocked the country impressionists the high cost to help. hundreds of thousands of public sector workers in the u.k. take caution a national debt strikes an attempt to deprive the government's plans to change that . your goal is the gadhafi the goal is to control libya. is to me this is the target. and know them to do that. so the fight will continue. and it's nature steps operates at a soldier maybe else he speaks exclusively with his son about why his country is a. bus accidents from a humanitarian flotation led deficit for gaza to monitoring all summer she's explained why that point. i've been banned from leaving greek ports in a while the palestinian leader accepts after his offer to deliver days to their place because of the campaign. hello and welcome to the broad run this is all she's weekly review i mean you leisure pilota main story greece is to get its latest payout from the in the next two weeks according to eurozone finance ministers th

a german or french or other european bank can buy a greek government say fifty percent. pledge this to the european central bank and get full euro's a. full value on the dollar and get free money by speculating we don't know whether the german banks or the french banks are carrying this greek debt market value or a nominal face value so germany is itself is being sacrificed. to the banks and i don't think you can say that the interest of the banks of the one percent is the interest of germany unless you're redefining germany and redefining europe as a kind of neo feudal oligarchy society run by the back so that's why angela merkel herself is losing electoral support in germany the whole political spectrum in europe is being thrown into disarray by the fact that what do the words left and right main when you have the whole issue basically one of finance finance cuts across the political spectrum from left to right it cuts across the spectrum of what is germany what is france what is europe and it really has put the class war back in business in a very different way than w

. >> we want to pass a new greek program. this is an important sign and we want to get to the root of the problem. if that means that sustainability must be improved. >> first, greece must rein in their public sector debt or be given more time to pay it back. for that to happen, private creditors would have to swap their greek bonds for longer- term ones. another option for the greek prime minister are euro bonds. the european union could issue them to greece at lower borrowing rates. one of the backers is the chief -- >> the options considered on not worlds apart. >> the bonds could mean a higher burden for germany, something that berlin is not keen to consider. >> for more on what the leaders have agreed on has been filtering out. stephen castle told us what he had been hearing. >> there are drafts of a statement circulating here and we are getting quite close to some kind of deal. they actually don't have very many figures in them. we don't know the details. the broad outline is clear. there will be a second bailout for gr

that the bailout would effectively hand over greek sovereignty to the e.u. and the international monetary fund this measures mean that the salaries and pensions of people in the public sector have been cut to up to forty percent they need the island is going up to about sixteen percent to forty five percent of youth unemployment in it which means that the whole generation of young people is being destroyed they mean a hundred fifty thousand jobs lost in the public sector and they mean that some of the most important utilities is being sold off so logical moment part of this is an involved not only in new york alone a set of measures and politically again with these neo colonial because of the looks of the government that has been asked to accept these measures there were insisted demands that the opposition all of the usual partition should accept so we have a situation in which we may bar structure of greece has now moved from athens into brussels and the other european centers and the greek politicians and the greek public has been the last really to imple

twelve billion euro trying to should break from last year's bailout package of dusting and women and greek default there was violence on the streets during the week an response to the false telling she planned needed to secure the deal. hundreds of thousands of public sector workers take part in a one day national strike across the u.k. over government cuts and wants to slash their pensions and other benefits. good good if the government knew going into control libya. is the only good this is the target and. the libyans will not allow them to do that. so the fight will continue . also exclusively to use coke adopted son saif al islam this as nature's goal is to control b.b. and its resources and their minds around some bad strikes on the country. that are the activists from the freedom for carrying humanitarian aid to the palestinians in gaza demanding explanations from the greek cost of sorties which have banned vessels from leaving ports they believe the decision was made under pressure from a zero and the us. hello welcome to the program this is aussie's weekly review i mean you know vo

riots which has outraged the greek public the greek parliament post the article was terrorism was demanded by the international monetary fund including isobel's of state assets and budget cuts. was eighty billion euros and he's not really behind the measures despite widespread public opposition with protestors saying because target people are not responsible for the economic mess three days of demonstrations left hundreds injured and angry crowds clashed with police who responded with tear gas and stun grenades but i'm sure journalist demetri confidence has been with protesters artist and trying to square the focal point of the rest. i think the only real option for them right now for the protesters and for the greek people is if some sort of political option or movement develops out of the society out of the ranks of ordinary people who are intelligent who are capable who come from universities who have some idea of what the country needs according to scholars here in greece or constitutional scholars and former members of the government they claim that the measurably unconstitutional the