that cyprus. would be pay an easier way in a few years did you personally see the signs of this looming did you think it was going to happen the wait happened all european countries are under stress. in europe is on the reader threats such as this is unprecedented. and nobody i think nobody believes that you will feel that they've been too precious cyprus to be part of deposits i think that was not. expected by anyone in any quantity by a new normal government but major european countries decided that they don't want to help cyprus anymore cyprus so it is over its only issue on so and so i would say for sure it was completely unexpected that the tradition for cyprus will be to. or caught a share or for a deposit rates so no one was like behind the scenes warned that this was going to happen because what there was like e.u. russia summit for example i can december or january something like no one told you that it not happen. we are news that. cyprus is under stress of his government was to question

for cyprus so that cyprus. would be pay an easier way in a few years did you personally see the signs of this looming did you think it was what happened the wait happened all european countries are under stress. and you are a pro. it is on the bigger threats that your service is like unprecedented. and nobody i think nobody believes you're a real big decision to pressure cyprus. if you're part of deposits i think that was not. expected by anyone any one who would buy a new normal garment but major european countries who decided that they don't want to cope cyprus anymore cyprus or so it is over it's only issue on so and so i would say for sure it was completely unexpected that the tradition for cyprus will be to. share or for the deposit base so no one was like behind the scenes warned that this was going to happen because what it was like e.u. russia summit for example i can december or january something like no one told you in the not happened no we are news that. cyprus is under stress of his government was

cyprus is a. haven for big amounts of money cyprus will do all for its problems and they would have done it anyway yes i think i think that the russian. russian factor which i thought fuck that was not because icing on a cake yeah maybe yeah there were also much spec yet because you hurt so much talk in the media about russian dirty russian money dirty work and money being you know i think politically for europeans was important dimensions of the russian money but i don't think that was going to for the decision makers to present this publicly it was good it was without argument but but not for not for pretty much decision making process here's a graph also going to take a look there were a lot of speculations in the western media that top top russia's reachout their money their saved in cyprus money laundering is facilitated by generous provisions for rich russians to gain separate citizenship some eighty oligarchy gain access to the entire you in this way in two thousand and eleven alone some ei

she says their father is keeping them there in cyprus. divorce has turned into a bitter international battle. cnn's pamela brown is joining us now more on this. you feel horrible for the children but this doesn't sound like it's going to be over any time soon. >> it serm doesn't. it's complicated, heartbreaking, complicated as we know any custody battle is especially when it's international. marla smith hasn't had custody of her kids in more than two years after her ex-husband took them to cyprus where he's originally from and an indiana judge ruled she could have full custody of her kids, however a cyprus court says it has jurisdiction and has given custody to the father so who wins? >> it's devastating. you want to see your children every day and tell them that you love them so much. >> reporter: marla smith says she's trapped in a nightmare. she's moved half way around the world for her two thichildren f indiana to cyprus. >> it's almost like you're mourning the loss of your children but they're stale life. >> reporter: the trouble sta

-- after cyprus collapsed. >> current members held that when latvia adopts the europe on january 1, new coins will continue to symbolize independence and strength. >> onto the markets now, and while the expansion of the eurozone is seen as good news, it was the strong start to earnings season in the united states that prompted investors to send shares to their highest levels in a month. our correspondence sent us this summary of the tuesday trading session in frankfurt -- our correspondent sent us the summary. >> just today, the euro dropped to the lowest level since the beginning of april. one reason is, of course, that the u.s. economy is coming out of the doldrums a bit better than the eurozone, which, for a large chunk, is still persistingly in recession, and for the other part, it seems there is a serious cooling down, even in the german economy. alcoa kicked off the earnings season in the united states with a pretty good numbers set. as well, you can see that chinese demand is not going back slow, as a lot of people expected of the market side, and that is one good sign or ger

-- after cyprus collapsed. >> current members held that when latvia adopts the europe on january 1, new coins will continue to symbolize independence and strength. >> onto the markets now, and while the expansion of the eurozone is seen as good news, it was the strong start to earnings season in the united states that prompted investors to send shares to their highest levels in a month. our correspondence sent us this summary of the tuesday trading session in frankfurt -- our correspondent sent us the summary. >> just today, the euro dropped to the lowest level since the beginning of april. one reason is, of course, that the u.s. economy is coming out of the doldrums a bit better than the eurozone, which, for a large chunk, is still persistingly in recession, and for the other part, it seems there is a serious cooling down, even in the german economy. alcoa kicked off the earnings season in the united states with a pretty good numbers set. as well, you can see that chinese demand is not going back slow, as a lot of people expected of the market side, and that is one good sign or ger

different fault either through unemployment or through tax hikes or through ing be that in the case of cyprus. confiscating bank accounts so in greece of course they're using the austerity measures that they're imposing and it's kind of a carrot and what the other phrase carrying the hammer approach where they impose austerity measures but then they dip feed a little bit of a bell of money so the austerity front what's the what has been the measures so far and is there any any sign that the debt is being reduced and all at all of course not that is reaching only because according to the heights. but this is a whole point about the state where you have a social economy which is imploding where where private expenditure. is falling very simply too slowly and of the same time the public is forced by the troika to squeeze itself almost out of existence the sum of private and public expenditure which is g.d.p. collapses and then the state kalac collapses so even if they have managed to use and they have managed to use public expenditure the deficits are not shrinking and dates because the politici

got out of the sram game, giving cyprus a lot of room to take share.e's a stock that jumped yesterday, earning 14 cents a share. went higher than anticipated revenues. saw broad-based strengths, their touch screen are really starting to ramp. cy has rallied over 25% since january 25th when we last int interviewed the ceo. a gigantic position. you know he's putting his money where his mouth is. the stock has given us over 200% gain, more than a triple since september of 2008. but it looked like the western financial world was ending. i think cyprus has a lot more room to run, but it's also -- 5.5% yield. very high for a tech stock. let's check in with t.j. rogers. hear more about the quarter and his company's prospects. welcome back to "mad money." >> thank you. >> all right -- >> glad to be back. >> you said right at the top of your conference call, that this was it. it finally came together. but the previous call what you had said to us was you didn't understand how fickle the consumer got. why did the consumer suddenly want the glove? why did they re

news at of portugal, 70 years and said acting a little bit like cyprus. a real government problem. two ministers resigning. that would normally mean according to the constitution that the president family your party will have to step down. may very well, we don't know yet. as a country like parch your reach its arm across the atlantic and affect our banks? >> certain banks and certainly our largest banks, but not the vast majority. if you look at the top five banks from the u.s., bank of america, absolutely. the reason is they're very closely tied into the european banks, the derivative markets, even if portugal is just a small piece of their business. absolutely. the vast majority of the smaller banks and regional banks and the u.s., not a lot. we actually continue to be concerned about the global events with the largest banks. liz: i like to remind people -- i'm sure you would sidemen. a lot of these banks have tentacles. u.s. banks have exposure to french banks which for a while were faltering, so that is something people should watch. >> and exactly.

could we see that in europe and could you explain what that is for viewers and how it relates to cyprus well bill then there's a term where they force that we can. it was a shift from the deposit is versus the taxpayers or any other source and in the layman's term it is you have a savings checking account pension fund and a bank and they simply take your money to be capitalized. that may seem odd but as a deposit you're basically an investor in the bank very very short term supposedly liquid investment but it's not liquid if you can gain access to even with the new direction of cyprus with insurance insurance is a misnomer first you have to take a look at who's insuring you. if the n.c.v.s. insurer you know is that insolvent such as ireland then you. should be sure and city can afford to build irish banks which is why they had to go to the e.u. and the troika ok now the political environment for such a bell seems to be in the hospital it's unlikely the germans are going to say ok to another twenty thirty billion dollars bailout for that bank and i have in my side of name five other bank

you're in the dark european banking system of the by and by the people veal million for this up and cyprus by force of. what defines a country's success. faceless figures of economic growth. for a factual standard of living. download the official location. choose your language stream quality and enjoy your favorite. if you're away from your television just doesn't matter how would your mobile device see if you can watch r.t. any time anyway. that's a. ok next round let's hear it from the guys they're making progress nothing folding them back a round of applause. closer look who is here live been waiting for you for ages or are you one has been looking for you everywhere i'm ready thank you go ahead. why you put it here do they really talk about the chest of course they mean the hearts. than your typical do so this is a lesson in the art of expression for fourth year students wanted well working with a shakespearean sonnet they chose it and so we now have to tackle it. to the problem is that shakespeare's language is english the poet marshak translated into russian and we're trying to do it

bilirakis: turkey violently invaded cyprus and captured the northern part of the rled island. since then, turkey has established a heavily armed military occupation that continues to control 40% of cyprus and forced 150,000 greek sip reyachts from their homes. it is not impossible to conceive a unified cyprus that respects the human rights and fundamental freedoms of all sip reyachts. cyprus has listening been a strong and faithful ally of the united states and we owe our support for both peace and the end of this illegal occupation. thank you, mr. speaker, i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from new york seek recognition? >> i ask unanimous consent to address the house for one minute and revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. tonko: thank you, mr. speaker. and they're off that traditional refrain as horses come out the gate ushered in another saratoga season just days ago. this time a very special season. i recognize saratoga raceco

which is not only lent money to borrow was they've also sold that did to people who thought i was cyprus scramble the whole thing together so i want to unscramble that egg and reduce the level of profit dead but you can't do it just bob all of the dead how do you do securitize the entire market what you have to do is buy the debt back off the public using the federal reserve capacity to create money and they certainly have the capacity to look at the capacity so what they could do is transfer out that giving money to the banks which is what's going on quantitative easing they could do what and hold is now calling quantitative easing for the public. aaa and was a good that was what tarp was supposed to be for in the yeah place yeah it was howard more good news because if you if you bought if you can get the money to the public i would give it on the condition that if you have debt you must pay your debt down no choice so if you're in debt you've got to pay your debt down but if you're not in did you get a cash injection compensated site as for the fact the need to have bought off the bank

resolutions pertaining to cyprus and there have been many passed. as the co-chair and co-founder of the congressional hellenic caucus, i have worked diligently with my colleagues in the caucus and out of mutual concern for the continued division and occupation of cyprus. and we continue to work with the caucus to raise awareness of the cyprus problem and the role the u.s. can play to support the negotiations. the people of cyprus deserve a unified and democratic country and we are working towards that end. i yield back. the speaker pro tempore: for what purpose does the gentleman from alabama seek recognition? >> to address the house for one minute, revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> thank you, mr. speaker. mr. speaker, it's an honor to stand here and talk about the 20,000 babies that are born each year in the united states with muscular dystrophy. mr. bachus: this is one of those children. gabe griffin of birmingham. as he grows into adulthood, his muscle developm

money can no longer take out of cyprus and invested in other parts of the eurozone. capital concerns must not be permanent for the reasons you say. with a single currency you can spend the money anywhere, also around the world. i think there is a great requirement for everyone to these controls need to be removed as soon as is consistent. we have not had a chance to , butibe this we arestanding the fact a participant in the eurozone, we did offer significant technical assistance. secretary was a conduit for a while to help. somet together toangements in this country make sure no uk customer , so it isny detriment in which the participation of not being part of the eurozone. we did take a close part, and there is contact between our two countries. do you identify any continuing problems, or do you think they are on the way to recovering financially? portugal has made progress. it starts from a difficult position. because of my reluctance to comment on the affairs of member states, i should not do that. all i would say to agree with itr description of portugal, is very

i think cyprus has a lot more room to run, but it's also -- 5.5% yield. very high for a tech stock. check in with t.j. rogers. hear more about the quarter and his company's prospects. welcome back to "mad money." >> thank you. >> all right -- >> glad to be back. >> you said right at the top of your conference call, that this was it. it finally came together. but the previous call what you had said to us was you didn't understand how fickle the consumer got. why did the consumer suddenly want the glove? why did they realize the static is bad? what changed in six months? >> well, of course, the big deal now is touch on cell phones and if the touch works, it's great. most people want to charge their cell phone, which has a shorter and shorter lifetime because of all these new features. so you plug in your charger and work on your cell phone and then you get tired of carrying around your charger, so you buy a second and a third one. one for work and home. what happen ss the second and third one you buy aren't the super premium ones the cell phone company ships and they enjekt noise into

i think circumstances are changing, attitudes are changing not just within cyprus, but also in greece and in turkey, and we have to capitalize on that. we also have natural gas off the coast of turkey which is -- off the coast of cyprus which is a powerful motivator for getting to the solution that we all want which is a bizonal, bicommunal federation that can share the benefits. and it's absolutely vital to europe that turkey -- that cyprus begin to prosper again, and i think that working on this could be a positive in that direction as well. >> thank you. my time is up, but let me just say in closing i hope that we will continue to support very positive progress that's been made between serbia and kosovo onsetting their disagreements -- on settling their disagreements there and anything we can do to support that, i think, is very helpful. thank you. >> senator barrasso. >> thank you, mr. chairman. on may 10th the republican members of this committee sent a letter to chairman menendez respectfully requesting additional committee hearings to review the open questions surrounding the s

european banking system will start by and by the action since people feel believe you saw this happen cyprus spain portugal italy quite. wealthy british style. markets finance scandal find out what's really happening to the global economy for a no holds barred look at financial headlines to name two cars a report on. what defines a country's success looks faceless figures of economic growth. for a factual standard of living. on the scene. of the first strike. and i think the church. reformers twitter. and instagram. could be in the. wrong. the field teaches. teaching. school and the. traveling community has. three hundred. children. the practical skills that need. just a few minutes. to. be extreme the ways of life. and even. with the flying medical service has taken an emergency call. treatment. critical. of the baby. could be. used to these extreme conditions and has even delivered a baby. it doesn't matter. we're just happy when they're back and. we worry about them and that everyone we want them to get back home safe and healthy. thank you have a seat. she just started her vacation. don'

banking system would start by and by the action since people feel believes that you know this up in cyprus happens by the force of well it's in the right. to speak your language. programs and documentaries in arabic it's all here on the. reporting from the world's hot spots of v.i.p.'s interviews intriguing story for you to. try. to find out more visit our big. dog called. looked right on the scene. of the first street. and i think picture. reporters twitter. and instagram. to be in the. book to write the scene. of the first street. and i think picture. on a reporter's twitter. on instagram. welcome back to worlds apart this is the man who dedicated entire career to preaching tolerance and reconciliation and by this time his space with my questions was already wearing his the hat of the world's second largest international organization the first democratically elected his idea of freedom of to pass involved crossing for answers and no freedom to follow up close if you push him too much too much no word. for me you're imposing your point and i miss the point minute times and you're coming b

banking system was disposed by and by this action since people feel millions a year for this up and cyprus happens by force of will it to be right. i would rather ask questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on r.t. question more. wealthy british style sign. is not on the rise for. markets why not. come to. find out what's really happening to the global economy with manx cause or for a no holds barred look at the global financial headlines. you know in two kinds of reports. easy for dishes about thirty percent of the seafood the same didn't study number one and blues graham frampton or stripper so it is a huge industry a multibillion dollar industry. of health and human services the f.d.a. sent a letter to the state of louisiana and the state of mississippi saying we think it's ok to reopen these fish grounds state officials having someone to pass the buck to the ground or improperly opened open them we have to gain back the market share that we've lost the perception of folks that there coul

banking system would start by and by the action since people feel believes that it's for the step in cyprus exposed to force a vote it to the right. welcome back here watching r.t. live from moscow now britain's government is moving to distance itself from brussels with m.p.'s planning to ditch roughly two thirds of e.u. impose regulations on the police force and the justice system but home secretary theresa may sound as u.k. will have to do some of those rules later on well let's get more on this from artists as our affiliate has a so what does britain actually want from its relationship with the e.u. . well the overarching theme here is that they want to repatriate powers back from brussels to the u.k. and specifically the home secretary theresa may had said that he wants to with who will prepare present proposals to work for britain to exercise its opt out option which is a drive in the lisbon treaty on the e.u. regulations relating to just as crime and the policing now one of the most contentious parts of. these regulations is the european arrest warrant which when issued by a certain c

chief there was no i may go she said they would accept things in the satirist from coming back from cyprus so i've got a time. yes have to come not a not an easy situation a to get out off and find a peaceful solution to what's happening in your country at the moment i stand your position for now i'd like to thank you very much for expressing your views with us here in r.t. running out of time so that was after some my boy activists that took part in anti morsi protests. now dr mohammed abdul aziz from the salaam islamic center in california believes the army is correct down the muslim brotherhood mind lead to their radicalization its young members the military is now doing what it does that's going after the supporters of the legitimate president this is basically i am innocent of the of the nasir era and the crackdown on the muslim brotherhood that took place in the one nine hundred fifty s. what we be sickly see a repetition of that same scenario where the military of egypt cracking down on an islamist group we may or may not agree with their policies these but they have renounced viole

not to see their law you see political experiment fail and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they have been sacrificed at the altar of a ludicrous national political statement or supra national political statement whether you're looking at germany or whether you're looking at the european union as a whole there are lots of things greece can do but ultimately in terms of dealing with the bailout they have a fundamental problem they've gone through seven years of recession and effectively all that we're seeing is people starving the poor are getting poorer and ultimately nothing working within the greek economy with greece in the grip of a staring thousands of homeless and unemployed greeks have sought refuge in drugs is the so-called cocaine of the poor it's easy to make and cheap to buy. enough talk to some of those pushed to the brink by that recession. used to be out of work now he's still unemployed but also on heroin is homeless and has aids he's already tiny chances of getting a job have vanished complete

to see their law as the political experiment failed and therefore greece has been left just like cyprus just like other countries that have received bailouts like ireland they've been sacrificed the altar of a ludicrous national political statement or supra national political statement. now more money coming in the government's ways cold comfort for the many thousands of greeks left sleeping rough having lost their jobs homes and families in the past few years increasing numbers of sod solace in what's called the cocaine of the poor are going off has been finding out more in athens. used to be out of work now he's still unemployed but also on heroin is homeless and has aids he's already tiny chances of getting a job have vanished completely. alone that some start using because they are angry at life no work no money for the same reasons many decide to start selling drugs but end up using the needle themselves. every day drugs rock the lives of new people with just one many thought they'd hit rock bottom it's very true he can find the. and as far as i'm concerned is the worse thing than

for this up in cyprus happens by forcing it to. react to situations i haven't read the reports so i'm not in a position to know i will leave them to the state department to comment on your point of the month to say it's ok because i'm not talking no. no more weasel words. when you made a direct question be prepared for a change when you punch be ready for a. president of speech and down to freedom to question. what if china were a military superpower on par with the united states what kind of world would be live in what china put in to check washington's appetite for unilateral military action and manipulation of the global economy or would we witness another cold war where both beijing and washington maintained a chilly the relatively peaceful world you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. breaking news this hour li

believes that this happened cyprus happens by force of will it to be right. do we speak your language or not advance. news programs and documentaries in spanish matters to you breaking news a little tentative angles keep the stories. you hear. the spanish find out more visit. right on the scene. first rate. and i think that you're. on our reporters' twitter. on instagram. d n a. welcome back to cross talk where all things are considered i'm peter all about to mind you we're discussing the rise of china. ok dan if i can go back to you in cincinnati i mean we've talked a little bit of a lot about confrontation and differences but what about the economy has been that are being in their interdependent the. western china i mean how do we balance this well i think again you know this is part of the argument that i've been trying to make here that is why did in the united states become allies it wasn't because they were just of their language or culture it was because of the millions hundreds of millions of dollars of british capital invested in the u.s. economy and

if this happened cyprus happens by the force of. the mission. cretaceous three. four judges free. agent free. free. free. hold free blog video for your media project a free media. tom you. will see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything is all. i'm tom harpur welcome to the big picture. little. old. i love. the speed. limit. please. breaking news this hour a live rounds are reportedly fired at supporters of the ousted president morsi and cairo claims many people are wounded as well as protests continue nationwide across egypt. press revelations from edward snowden from claims the u.s. national security agency worked closely with germany contradicting chancellor merkel's recent anger at america's quote cold war tactics. let's buy spats and accusation the side of the talks are still set to open over and vicious trade deal between the e.u. and the united states.

banking system was destroyed by and by this action since people feel millions of you saw this happen cyprus happens by force of well it's a. little bit. older . i live. the speed. limit. and. run a little. i'll pull over my language as well but i will only react to situations i have read the reports and let you know for sure and no i will leave them to stay current to comment on your latter point i've come to say it's lissa carryin a car is on a dock. now. i get no more weasel words when you know they need a direct question and be prepared for a change when you have to run should be ready for a battle for freedom of speech and let out down the friggin surprised. right from the sixty. first rush to loose and i think the troops. on are in for a splinter. and instrumental. libby in the next several months honorably. lose. we were actually involved in misleading the public and misleading all politics developing story tonight cia whistleblower edward snowden explains what pushed him to expose america's secret surveillance program in a newly released part of his interview. deadly divisions in egy

annual report was dated and sometime in june so where has this gone now bearing in mind that post cyprus there was a huge great increase in demand for gold as people tried to take demand of physical in europe as trying or in india were ratcheting up their buying there was this and it's clearly a coordinated attempt to take the bullishness take the steam out of the market and it started with a hit copecks and that got all the stock losses triggered and so on and so forth it got people selling e.t.s. so that created the supply the common thought is this supply was sufficient to keep the price down but if you do the sums no it is not there is a huge shortage of bullion so it must be being supplied by a very big deal or this i think is where that hundred thousand four hundred hundred ounce bars has gone which is roughly thirteen hundred tonnes now that would make sense is the but it's the sort of number which i would expect to keep the price suppressed over those two or three months you're saying you're confirming the bank of england is one hundred thousand ounces sure no one hundred thousan