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Feb 7, 2012
02/12
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. >> woodruff: we have two takes on europe's debt crisis: a report from athens on greece's troubles, plus margaret warner talks to italy's prime minister, mario monti. >> the euro-zone crisis has indeed brought about the reemergence of old phantoms about prejudices and a lot of mutual resentment. >> ifill: and we close with jeffrey brown's conversation with photographer annie leibovitz, whose latest exhibit offers portraits, without the people. >> it's a journey. i certainly didn't realize it until i looked at >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: a three-judge federal appeals panel ruled 2-1 today against banning same-sex marriage in california. the decision up
. >> woodruff: we have two takes on europe's debt crisis: a report from athens on greece's troubles, plus margaret warner talks to italy's prime minister, mario monti. >> the euro-zone crisis has indeed brought about the reemergence of old phantoms about prejudices and a lot of mutual resentment. >> ifill: and we close with jeffrey brown's conversation with photographer annie leibovitz, whose latest exhibit offers portraits, without the people. >> it's a journey. i...
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Feb 9, 2012
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now, back to judy. >> woodruff: and to europe's debt crisis. negotiations are going down to the wire on yet another bailout for greece. one that would require german help. from germany, margaret warner reports on some of the people who help make it europe's richest country. >> reporter: the restaurant dionysus was packed on a recent night, heaping plates of greek fare flying from kitchen to table. but at this eatery named for the god of wine, the drink of choice is german beer. owner christos kesitzidis spent 18 years building this showcase of his homelands cuisine for the good folks of frankfurt. but now the economic crisis in greece-- and demands that germany play financial backstop to europe-- has this proud greek wishing his old home behaved a bit more like his neone. >> ( translated ): the difference between germany and greece is that the germans are just working harder than the greeks. >> reporter: that work ethic is forged at places like the herrenknecht factory in germany's booming black forest region. owner and founder, martin herrenkn
now, back to judy. >> woodruff: and to europe's debt crisis. negotiations are going down to the wire on yet another bailout for greece. one that would require german help. from germany, margaret warner reports on some of the people who help make it europe's richest country. >> reporter: the restaurant dionysus was packed on a recent night, heaping plates of greek fare flying from kitchen to table. but at this eatery named for the god of wine, the drink of choice is german beer....
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Feb 22, 2012
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it's not only in europe. all industrialized countries have these kinds of problems including the united states. >> brown: what do you think about the austerity versus growth balance. >> on the topic of greece having no option, ambassador is absolutely right. they have no option other than to instill these packages to regain credibility but i do believe that the austerity package is being put into place again in greece and in other countries in 2012 will definitely curtail the growth. i can't fathom how you can do such severe austerity packages yet say that we're going to stimulate growth and create jobs. the only reliance on that is if foreign money comes in. >> brown: when they talk about a new fire wall, which was a big part of the discussion in brussels the last couple of days, that's a fire wall against the possibility of more countries falling into trouble. >> well, the bailout was a fire wall to keep greece solvent right now but there is a fund, the european civilization mechanism, which is in place for
it's not only in europe. all industrialized countries have these kinds of problems including the united states. >> brown: what do you think about the austerity versus growth balance. >> on the topic of greece having no option, ambassador is absolutely right. they have no option other than to instill these packages to regain credibility but i do believe that the austerity package is being put into place again in greece and in other countries in 2012 will definitely curtail the...
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Feb 10, 2012
02/12
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and that would be a disaster for us and for the rest of europe. and i think for the rest of the world. >> warner: in three months, monti has pushed through spending cults, a hike in the retirement age and renewed taxes on primary residences. but there is resistence to his attempts to liberalize the economy from the grips that limit numbers and set minimum price force pharmacists, lawyers, notaries and taxies. >> cabdriver antonio costa says will have to work more for less money if more cabs hit the streets. while tax hikes have raised gas prices. he faults emu leaders for pressuring monti without giving him much of a helping hand. >> i believe merkel could have done more for us ecomically. for example eurobonds which she refused to do and she should have. but germany is the most powerful force. they hold the knife by the handle so they can decide whether we have good weather or bad weather. >> warner: are the germans trying to dictate europe? >> certainly. no doubt about it. >> warner: polls show a majority of italians like consumer goods company
and that would be a disaster for us and for the rest of europe. and i think for the rest of the world. >> warner: in three months, monti has pushed through spending cults, a hike in the retirement age and renewed taxes on primary residences. but there is resistence to his attempts to liberalize the economy from the grips that limit numbers and set minimum price force pharmacists, lawyers, notaries and taxies. >> cabdriver antonio costa says will have to work more for less money if...
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Feb 1, 2012
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he said, "we in europe need to have a strong, united europe to compete against the united states," he said, "and china." he said, so we really can't afford to have the euro come apart. but he did say about merkel, he said he liked the way she talked. he said, i think that the other leaders respect her. her personal popularity ratings are in fact off the charts, higher than her party's. >> ifill: margaret, you mentioned the big elephant in the room is greece, and who will be able to fix that or turn that around, which was not resolved in brussels. i wonder whether it even matters because there have been rules in place against what happens in greece saying that the debt limit has to be enforced but nobody has ever done anything about those rules in the past. >> warner: that's right, gwen. as one commentator said to me tonight, one noted television commentator here in germany, he said, you know, it is really hard for germans to believe that this time they really mean it. some of the same budget limits that are in this new compact were in the original treaty. as he said, those were violat
he said, "we in europe need to have a strong, united europe to compete against the united states," he said, "and china." he said, so we really can't afford to have the euro come apart. but he did say about merkel, he said he liked the way she talked. he said, i think that the other leaders respect her. her personal popularity ratings are in fact off the charts, higher than her party's. >> ifill: margaret, you mentioned the big elephant in the room is greece, and who...
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Feb 10, 2012
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we were not the sick man of europe. we were on therapy. the standard of living of germans did not increase at all for actually a decade at a time when everybody else enjoyed a wonderful increase in the standard of living. >> reporter: germany's therapy was national project. unions held down wage demands, industries retooled and political leaders tightened unemployment and other benefits. it wasn't easy for a country built on a generous social welfare compact, said nils schmid, finance minister for the prosperous state of baden- wurttemberg. >> we raised the retirement age, or it will be raised step by step to the age of 67. we had to push this reform through, although it was very unpopular and still is. >> reporter: the tough medicine paid off for germany, with greater productivity in its industry and lower unemployment and government deficits. now, before agreeing to add more to the e.u.'s bailout coffers, merkel is insisting that debt- ridden countries like greece and italy enact their own tough reforms. finance minister schmid, despite
we were not the sick man of europe. we were on therapy. the standard of living of germans did not increase at all for actually a decade at a time when everybody else enjoyed a wonderful increase in the standard of living. >> reporter: germany's therapy was national project. unions held down wage demands, industries retooled and political leaders tightened unemployment and other benefits. it wasn't easy for a country built on a generous social welfare compact, said nils schmid, finance...
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Feb 14, 2012
02/12
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the deep freeze over central and eastern europe grew more dire today. a state of emergency was declared in eastern romania, where 6,000 people have been cut off for days by heavy snow. in nearby serbia, helicopters delivered much-needed aid to ships trapped in the frozen danube river. they also evacuated sailors. meanwhile, teams in montenegro rescued some 50 passengers stranded on a train for three days. an avalanche had trapped them inside a tunnel. wall street warmed up today, and stocks started the week by moving higher. the dow jones industrial average gained more than 72 points to close at 12,874. the nasdaq rose 27 points to close at 2931. those are some of the day's major stories. now, back to jeff. >> brown: and we turn to the turmoil in greece, and still no sure thing that europe has solved its debt crisis. we begin in athens with a report from james mates of independent television news. >> reporter: the morning after a particularly violent night before. even for a city that is well used to street protests and angry confrontations, the burning
the deep freeze over central and eastern europe grew more dire today. a state of emergency was declared in eastern romania, where 6,000 people have been cut off for days by heavy snow. in nearby serbia, helicopters delivered much-needed aid to ships trapped in the frozen danube river. they also evacuated sailors. meanwhile, teams in montenegro rescued some 50 passengers stranded on a train for three days. an avalanche had trapped them inside a tunnel. wall street warmed up today, and stocks...
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Feb 3, 2012
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in addition, there are uncertainties emanating out of the debt crisis in europe. if a quote lehman event unquote happens in europe during 2012 it could send financial shockwaves around the globe without regard to economic borders. and all of these risks and uncertain occur at a time when the federal reserve have already pushed interest rates very low is not very well poised to try to offset any negative surprises. >> brown: harry holzer, pick up on where we started. how do you view the unemployment number. a lagging indicator, as a helpful indicator for how strong the economy really is. >> it is a lagging indicator. it does usually lag by at least a few months. what is interesting is that at the end of the last year we had gdp growth, economic growth of a little under 3%. that's a good number, relative to what it's been. it's not a spec takhar number. and we're not even sure that that going to survive going into the future. some of that was just businesses restocking their inventories. so there was concern about whether that kind of production will continue. and y
in addition, there are uncertainties emanating out of the debt crisis in europe. if a quote lehman event unquote happens in europe during 2012 it could send financial shockwaves around the globe without regard to economic borders. and all of these risks and uncertain occur at a time when the federal reserve have already pushed interest rates very low is not very well poised to try to offset any negative surprises. >> brown: harry holzer, pick up on where we started. how do you view the...
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Feb 16, 2012
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the deep freeze across eastern europe has now claimed more than 650 lives. that new count came today after more than two weeks of blizzards and frigid temperatures. in romania, snow-bound communities had to rely on a man flying a motorized parachute plane for supplies. some 23,000 romanians have been cut off by snow drifts blocking roads and rails. greece made progress today toward getting the rest of europe to accept its promised austerity measures. greek political leaders gave written assurances that they will enforce the cuts. even so, the chairman of the eurozone finance ministers called for additional guarantees. in athens, the greek finance minister charged that richer nations are looking for a reason not to do the bailout. >> ( translated ): there are now clearly powers inside europe that are playing with fire because they believe the october 26 decisions of the european council may not be implemented, not adhering to the conditions already set out, and who would like to see greece outside the eurozone. >> sreenivasan: the euro-zone ministers meet on
the deep freeze across eastern europe has now claimed more than 650 lives. that new count came today after more than two weeks of blizzards and frigid temperatures. in romania, snow-bound communities had to rely on a man flying a motorized parachute plane for supplies. some 23,000 romanians have been cut off by snow drifts blocking roads and rails. greece made progress today toward getting the rest of europe to accept its promised austerity measures. greek political leaders gave written...