U. S. Dollars in aid to europes industrialized countries exceptional growth followed and the 30 years after the war were good so good that they were known as the economic miracle in germany and the glorious 30 and France Business was brisk industry was in full swing and the growth of consumption was spectacular. The political news you didnt go has basically put it to the. Im suited for humanly move to a bill to slug seal b. And cause so much. If we wanted our or figure by your film end of august to show it would be philomena in bungay else you did was it i wanted but he was i was phenomenal cause its all in there on time the b. B. Was an image will be 50 miles in iraq good will be buried. In croissants. By the end of the postwar boom in the early 1970 s. Government debt in europe was a great cordless thanks to growth and inflation but the economic machine would soon be upset by 2 major events. Good evening on august 15th 1971 Richard Nixon the president of the United States his coffers had been emptied of a gold reserves by the vietnam war announced a staggering measure that would drastically change the world economy. Would have been in the dollar against the speculative. I read that secretary connally to suspend temporarily the combat ability of the dollar into gold or other reserve assets except in amounts and conditions determined to be in the interest of monitoring ability and in the best interest of the United States. But it was not a temporary measure at all the us president definitively kept the fixed relationship between the dollar and gold. The donor became a floating currency like every other currency a around the world. All the currencies of the world that were either tied to the u. S. Dollar of the british pound by 971. 00 were now pure fee at currencies theyre not backed by anything theyre just backed by the confidence that people have in those currencies. Abandonment of the Gold Standard kid the way for significant currency market speculation. The free circulation of capital on International Markets intensified it was the beginning of a period of great financial instability. Yet. 2 years later in 1973 another major event occurred the 1st oil crisis. In one year the price of crude oil soared going from 2. 00 to 6. 00 about my. Normal necessity to be going to meet. The dude you could be car or to dinner some towns like it insists on this suburban dont include the absolute perfect the minute you go to miter and say look democracy would set up a 40 minute no one knows on one that the knowledge will not suddenly produce be color boozer. Comedy block no country exactly monem shoes put it to. A sudden increase in the price of oil weighed heavily on the world economy. They put the brakes on growth. Production costs went up prices went up to. Inflation is skyrocketing. High inflation has a major drawback it impoverishes savers and investors since their money depreciates. For governments inflation became a new enemy to be defeated at all cost. After removal can would have rescued a brief federal sop at all those are the 5 always easier is to slow yeah follow easy late class will this no see you for valley going to me community really out there see going to the on trees around you cause i said i used to are classic you just dont call me a serial if i was eagleman gone by gar on credit during the debate you feel silly it put you to such an icon by the convo oppa like you the idea to dish walmart the other fast your much of the money for the dar see. Purple addicted to the kills you simply did before are welcome don it can go use it it is on point only because if there are so many to not examples you get one or is it an economy to the finish on a cyclical season was when to go to make it up it will moan it it is on was under the economy all i wanted to fault was just additional lies try to buy them for that to develop is a sop to credit continue pretty good continue that. Nobody but done. I dont know dont usually yelling. That he knows. How. To put it that it be weeks on a back to the hard basket will be the kimosabe on the day. If you didnt know but starting in the 1980 s. The industrialized countries began to borrow heavily on the International Market after which their public debt would never stop increasing. Margaret thatcher became Prime Minister in the u. K. And Ronald Reagan president and the United States it was the advent of neo liberalism and economic doctrine that also spread throughout europe. Governments everywhere were lowering taxes privatizing public assets these would be the years of easy money. Stock markets expanded wall street in new york the city in london. On both sides of the atlantic governments deregulated bank credit unchecked capital flows moved through markets worldwide. By deregulating and liberalizing those governments became dependent on Financial Markets which by then were an inescapable part of the Economic System. The debt machine was taking shape nearly everyone went into debt governments businesses and individuals. The Economic System had turned into a machine for creating debt. And the banks got rich on the interest paid by borrowers. Credits became the primary fuel for growth but how does created work. Banks possess only a small amount of the money they lend money is created by private banks on a simple request for credit and a promise of repayment. The sum is raised as soon as the loan is repaid that is a huge thing and its. How weve always created money from the beginning and its a wonderful thing if you have a Banking System that can create credit like that is a very good thing. Because it means you can create finance in a crisis you can bail out a. I. G. You could finance Climate Change you could you can finance a war and thats how weve always done this the public hasnt understood that the public thinks that money comes from me working hard if you know for as you know day in the soil working hard and at the end of the month i am money we are all wrong the bali bomb the bridge all of it so the it that a 1000000 people or so the renewable. Become left on his deal is going to bury the view of an awful. Void that would be empty bleak rollie i believe it lives that im alone we have for me to do the players do know bortoli to the last rock it did divert new york city lit up usually like theres some of it there theyre all of a new orleans. Clear about it gong to say about the piece also to know the gone piece also done on dollars and cents on this persona for example if there is another name to tell and its only going to make a lovely pop good city put to the put it document utility economy manassas on if you know shes going to get a little going to the central bank produce 5 percent of the credit in the world the private banks produce or create art of the net 95 percent of the credit in the world and they have no virtually no regulation over that now what kay has argued in the 1930 s. Was. We must manage this process it can create vast bubbles of debt it can go out of control. The 929 wall street crash in the United States prompted the british economist John Maynard Keynes to warn politicians the credit machine needs to be controlled to benefit all of society not just speculators. When we managed the Financial System between 1905 and 971 there was not a single financial crisis anywhere in the world and then in 1971 the bankers lobbied and they said no no no we dont need controls you know the market will discipline us we will blah blah blah and we began to lift all these regulations and crises began one after the other 1st to the periphery and then in a cool. 1909 saw the birth of the euro and the European Central bank had been created to ensure its stability. At the time Global Growth was strong the level of public debt was starting to decline europe was breathing easy. Confident Financial Markets lent generously to governments and the weakest economies spain greece italy portugal suddenly had access to loans a very low Interest Rates close to those available to germany. That low cost financial windfall was an economic boost all was well fall out. My. Meanwhile in the United States americas housing bubble was expanding and in 2007 the subprime crisis struck thousands of homeowners lost their homes they had taken out loans with Interest Rates that rose shop and they found themselves unable to make their mortgage payments. Many banks were in danger. On september 15th 2008 Lehman Brothers one of the largest u. S. Investment banks collapsed elected in one was us a piece. Of an immense because it is certain must begin to misunderstand the bonzi present so that your couscous a pricey ive honestly didnt know was there so give you the presumption to be wrong dont. Focus just them continue across the uk if if you know on t. V. A humble c. Debt good particularly the presumption the currency get on play. Is good clearly for it could be done you cant just wanted an ecosystem it is surprise to us that in a while there was young ok bob almost on his own may want to have it the government every other day on his own to develop of what potential model of all illnesses. Ok about yours on our russian the on the sequel is commercial good i took up so i did i failed to disagree got on to just what is on its agenda that the early months of us. After the fall of Lehman Brothers european banks with close links to american banks risked bankruptcy in 10. Governments only just managed to save them in order to avoid the collapse of the whole system. On and off a separate issue when i switch out that are keeping obama to god you have to prove the devil look it is actually take you on to the proof as you know it prescribes for facility for. No prisoners 300 preform food neoprene food name Prison Guards in prison going to prison on a system fragile if itis was just. And in ireland after the advent of the euro and thanks to loans from german french and british private Banks Developers invested heavily in real estate. And a big dont need to back order to decode media differently and to respond to say or both back to on your longer. Than yours morgan old labours one. Speaker live on a enough to do blair in Gabby Douglas cause he shifted new york on one dot. Com loudly grandma you added a booklet victimized and ordered a book. On the battle are. It in blue sybil. Ski said had read back the best. To. The movie yet you see it live it up. Well i do support the also cool little sector if you know. My mind halted. And think how to play picked up my home. Also confers a caution here. In that p. V. If we dont need you what do you think you can offer do not get people to. The diagnosis he has been sick for around 6 months now the challenge ahead theyre one of these 96. 00 could be a new cure for the basis of a new cure for colors are their illness or disability aljazeera examines pioneering treatments so this is the explosive yes its basically a wearable robot like here we visited on aljazeera aljazeera as their what a story breaks but its also there to see what happens next which im sure. Is fired by the barriers for a model ballot gave it all 73 that we need to hear the middle east now is what about change people have gone to hear the area the mission of the National Army is to search the entire oil complex and aljazeera stories about telling it from the peoples perspective what they think is happening in their culture. Going behind the scenes of one of mexicos most loved soaks using fiction to mirror the struggles of real life giving a voice to those suffering in the dark this week the story line focuses on hiv and aids an illness still shrouded in superstition and fear the making of it was that it was going to be the attitudes the writers want to tackle had gone. So cooks mexico. Breaking into buildings on algis even. Though im Maryam Namazie and on with a quick look at the top stories now Iranian Foreign minister Mohammad Javad zarif is accused u. S. National security adviser john bolton but trying to drag person into a quagmire of the seizure of a u. K. Flanked oil tanker in the strait of hormuz person has written to the u. N. Security council calling for the ships release the u. K. Government also says its weighing up its options and plans to announce the next steps on monday. Riot police in hong kong have fired tear gas and rubber bullets at hundreds of thousands of prodemocracy demonstrators violence broke out after protesters refused to stop marching through the streets and blocked roads near chinas Central Government offices calling for direct elections and an independent investigation into Police Tactics at previous rallies exit polls show the party of ukraines new president rajen is a lenski is one snap parliamentary election the former comedian called the vote after his landslide victory in april to consolidate his powers parliament was packed with his opponents so lansky 7 of the people party is expected to get 43. 9 percent of the vote. To reach or to be yours he we are grateful to the people of ukraine for their support thank you but is appalled the people of ukraine for their great trust in our party in the servant of the people i am allowed to say serve them to the people you see theres no more campaigning in america only for ukraine me. Around the 1000 firefighters are battling a wildfire sweeping across central portugal after bringing 2 other blazes under control police have arrested a man on suspicion of starting a fire in the castello bronco district where the fires began on saturday at least 20 people have been injured and an entire village evacuated. And 25 people have been detained in the polish city of stock after attacks on the citys 1st ever pride parade on saturday about 800 people took part in the march which was escorted by police in riot gear he said that anti l g b t protesters were mostly made up of football hooligans and conservative campaigners threw bottles and stones and verbal abuse the marches. Rights have become a contentious issue in poland with the ruling laurent Justice Party under its leader. Saying that they pose a threat to the nations identity over the top stories ill have the news out for you in about half an hours time so do join you done by fidel. The 2008 financial crisis threaten to completely disrupt the global Financial System governments made the choice to bail out big banks and to rescue troubled economies property removal home. He said that the borg. See. Melissa huckaby pascoe see and say from her as our granddaughter. Im only going to flip back to the club law. Extraordinary extraordinary even. The fairly back. To the pretty honorable to do. Something good thanks apple some. Good some have of the. Best lead so far as you know excelled in their basket began 1st. To the media. Could you build a communal dont. Ask you call it a says do p. C. Signals c c c that is milby really label q. Q. Pretty. Lawyer because if you do you see if you call a neutral finks human will close to the donkey proper which you couldnt get. If governments had to bail out the banks it was because they could not be allowed to fail since those banks are us they are the accounts of millions of citizens we are caught in the debt machine. The economic crisis and the government bailouts of the banks led to a spectacular increase in public debt in iraq the deck machine spiraled out of control. The 1st country to declare bankruptcy was greece in november 2009 the newly elected Prime MinisterGeorge Papandreou revealed the real figures that had been hidden by the previous governments greek public debt had reached 129 percent of g. D. P. Well above the 60 percent threshold set by the master treaty. He asked for help from europe. Now you didnt make your p. C. Most. Of the dead mice in a room. In any other would be easy to make and is most exes. You know in reason. That announcement was like a bolt of lightning striking. The german chancellor weighed in on the question didnt. They all 3 did so good and obama is not an ignorant sort of those are hard work and so i learned the additional unfortunately some long does the of socalled end for tots not the common theme is a note with the mothers of a movie is a lot of them are on their list to be doing only learn from him and him of you dont he. Was commonly used as a model. In 1902 the master treaty set out the terms for e. U. Integration it forbade the European Central bank from dating out indebted countries would european governments respect these terms would they guarantee greeces debt should part of it be restructured or cancelled or should they help greece pay its creditors the heads of state could not reach an agreement as europe hesitated and markets speculated on the greek debt confidence collapse the fear was that if greece restructured its debt might the markets pull back from spain from italy from la belle frost and might not europe bring upon itself the catastrophe that it so wished to avoid and therefore the argument was it is far better to give greece all the money it needs to repay its and dead and then to run the risk that the market would perceive a sovereign restructuring in europe. As infectious as contagious. Only after 6 long months of crisis the jurors finally decide its bite resistance from germany to lend greece enough to pay its creditors. A small or not so whenever it has you broke new on look go up well sit there and you can see the guys everybody logged as 1000 overpass unclear cement and as i fell on i could problem in europe i would accuse drop it off because it you know put it in a buy you comment unless it be your bell on this you did do this looking as you know we dont listen as you know it would dislocate if not it is that accusation last year in a pretty hot baggy accountable me you know my book when they were told us cool you want. To do or dip in it immediately. Said product is off it gets closer so they set up your keep the suits that youre at a kiosk the p. V. Booth. Asked you if you ask about it not one euro of debt has been written down in these years what has changed is the identity of the creditor so money was owed to bondholders in 2010 its now into the i. M. F. In the e. U. If you can solve the debt crisis simply by changing the identity of the creditor and then this one is solved. Being in debt isnt only about owing money its also about being in the wrong there is the Financial Data but also a psychological debt that weighs just as heavily on the inhabitants of the indebted country. Debt and. Kind of double jeopardy. Or did you it by sake of insult to decrease you know it could be oh not days to finish joe bus. Says if one day i suddenly want to keep ability economy. Just because i happen to live in greece somehow im a sinner im a bad person because of some political acts done by political representatives of one kind or another. Therefore its ok for people to have their lives destroyed its ok for people to have to tax through garbage and not have anything to eat its ok for Cancer Patients to be denied medicine if were ever going to have morality in the world we need to absolutely reject that logic if theres individuals responsible hold them responsible but dont hold a college to very responsible for the deeds of. To resolve the greek debt crisis the e. U. Granted Financial Assistance in exchange it imposed a draconian Austerity Program the country was placed under stewardship and lost part of its sovereignty it was placed under surveillance by the troika the 3 delegates of the European Commission the European Central bank and the International Monetary fund. Other over indebted countries in the euro zone will be controlled by the troika in turn and subjected to similar was 35. 00 which. Was. The sound of those protests reached all the way to brussels the troika had become a thorn so much so that the European Parliament held a special session about the troikas actions national and european m. P. s questioned european leaders besides they cannot be many up she may be years to Program Others will be violent as the lover broke out of that other stuff we give a shit that asked them oh yeah it could it because im sure that theres the decrease. Yet if you asked to get out of these theories a bit better frona yum of the 2 stars though the troika is the lover then make the human more p. C. Caring for. Yet the method. Valid only we have here upon this you stop probably my 2 heroes here to promote the president i want to go. Parliament in portuguese Asian Parliament in spanish and parliament in evolution Parliament Even though its not so and above i dont want to phone my going and democratic colleague too much your own guns the needs. Of the program the d. V. R. And all of the guns under fire go. Up thats about to be decent program in courts was the language the valan. Given to us for. Thats a low but i am absolutely confident sure that if greek did not implement the program the situation will be much worse today i am convinced of that you have these experiences to try to put on sense no we cease to sense what. It means look stuff up reasons it has yes quite a limited susan place names that have been used today if you have someone who is the. Governor contrails. It was a lot but if area nor. North i want to go mia. You open it up to predict which of. You is a disappointment the Austerity Programs were poorly implemented and poorly explained people came to resent you would start to look like an uncompassionate taskmaster all over the continent there was increasing support for nationalist parties and the finance and euro skeptic parties were gaining ground in melbourne if youre asking me today on a fair offer for all the happy valley that if they are going after are going liberate europe from the monster of brussels nuno and connect we shouldnt. We can see reaction to the liberalization of fright finance just as we saw it in the 1920 s. And its going to be ugly it will ready is ugly its ugly in greece its ugly in france its ugly you know in many parts of the world where people are saying if my government went look after my interests if my government will not arrange for my young people to have employment then i will look for a strong man who will do that for me who will give me security and give my children Employment Security and i dont care what sort of strong manatees if hes a fascist i dont care if he promises to secure the stability of my life and my people i will vote for him i think thats where were heading and i dont think our leaders have the vision to understand thats the threat that we face. What are the solutions have. Curd europe curve the debt machine what mechanisms canada use. Could it play on inflation as other countries do. Little as you know jamie almost without it jimmy are probably almost out of it somehow always has room on the for one of us here i think investor that out for me said without it dont go best is cool with it really obvious that they saw it with. God missile and im sure as best goddaughter they are now at the base here working should i get your misandry programs likely to make a fortune for the price coffee yet as we know that a book a minute there i guess that your duty as it were to charge poor. For the number 2 place and a capacity you know the horses that it. Following world war 2 french and german debt was 2. 00 to 3. 00 times higher than it is today but inflation literally absorbed it. Only but the delmarva little girl openly people i calls do system the key until this was all that it was just in them and they could be. Eliminated week was when your lawyers who know. About dont know the war but when they come on the 1st the 1st abandon is that would. You put on more it should do so little to lima. As your straw which 20 seconds from polluting. Would be adored since in this given medina hearten where only a dog unmarked so expertly and on the arms go soft as ice under linux runs off on this big politic daryn leaving in order to understand we dont need. So on the server im sure and so into naman i meant to have streets to sign with and how to organize span is a dimension of going to his gate sint does and in via touch on the guilt ridden oil by the mouse in riyadh there must be mention arm this condition of coverage of politics and mention on some. Tilt to the bank named to see the hologram and emerald number. Less a closer look at the euro money. The strong euro benefits the countries of Northern Europe but penalizes those of the south. Is the European Union going to fall apart would gross return and reverse the trend. Is for it has i heard at least 2 kwara go. Really i guess that you for made the Police Officers the did download it off it will get across also when its going off it said on the nanny who are in class ask them why and sit on it if i had to do pull saw or that you saw that it looked at the preuss dont see maggi name i think across off of our head you elected office and ive explored all across all of us on that theyre called we dont so much but most was because if you know suppose go on to assess assembly fulfill all of us the phone says give for when you want within us please put dubious going to see this could be our supply company did go over nailed it in that sleazy focus. Was on paul saul so as to do it all more until devean gritty. The 2 gay bawly gleg siebold isnt nomen to skew their asses on bills own sil book obama its a good little hope gandhi said the new food lepage if you need me. Is purely to have a Monetary Union work effectively. What happens is that the more efficient regions or in the case of the eurozone countries become even more efficient and wealthier the poorer regions or less efficient regions become poorer and less efficient. Italy south was industrializing until the country unified and in the in the 860. 00 s. And seventys and once that happened if you are an italian investor in the south why would you invest money in the south when you can earn more money by putting your savings in milan. Or investing it in the north of italy so the south became steadily poorer so what did the italians have to do they had to go always and they still doing it had to send money to the south regularly not lend money but give grants. And in the old days they had the big gossipy metal door the fund for southern italy which paid out tens of billions of dollars over a century i mean of the endless payments that have been needed the wealthier provinces have to send money to the poor provinces not lend money send it. But there is a catch the master treaty stipulates that each country must manage its debt. Europe is far from being a case of union. And yet in 2012 for the 1st time the president of the European Central bank the e. C. B. Took action. The euro is irreversible we will do whatever it takes we lean our monday night within our mandate to have a single Monetary Policy in your area in to maintain price the 1000000. 00 euro area and to preserve the euro. I dont indeed need to lose or let you know who niggaz because you know pretty well and i had on you polly lab and this you event here it would be even exist apart the push to be did dissociate with a Good Community libby less or no more back toward the box on higher up in gesture to actually be there as you know as well as situational lucian or small maxima to keep precisely what i dont know even exist about me as you all talk about what i most want hi all been did you feel lost on her litany left was one way to move that id walk home and do not deny it when it bad really matters if you know how to get back to dentist in atlanta if youre more on talk about sato up in jordan i said. What about simply writing off the debt. Cancellation can be done to preserve the social order because we dont transform it most revolutions involve cancellation of dance ironically german prosperity now is based on the cancellation of german thats after world war 2 it seems very ironic that the german public is absolutely unwilling to even renegotiate debts of countries like greece calling them that centers when in fact all debts were cancelled after world war 2 and it was that freedom. Which actually made the german economic boom. The recovery let it sit on their hands any political one. Because if it landed it dead goodbye let their head via a surrogate is ricky bet as you will that youre about the one all of you is what we had this was about one global act really though so i thought maybe i will do my go to again is obvious what i see but he did i say go up a thought as a hobby or said vance i post on this and i go deep others will be added wolf i believe it was said it wasnt possible to survive it as we will check any grass out at it establishes ascii art that look it was well look it is having a dog who did it go look at it he lost it so i vaguely audio gap was good was like it was on people it like theyd be so heavily bad and i posted about he was a member of let me get rid. Of a known 6 and you still have to search for the prince you be a leg i suppose we do not a rodeo like this do for the president who has a good home for truly good young but he was going to use them for skill like never have a you can travel to name list if you want to be public dont go to some point im sick from all that i guess to 3rd fesa. 11 good men best cure is you she. Is wrong you dont fall over years from bottom fishing those you need to be in vogue for serves no youre not alone the exhibit is a leg nice to see you there were a system she used it just any i was passed on about on and dont include initial fiscal cliff vote and they can miss you dimity the. Damage done is what he put it quote. The least personal is one of. The e. U. Has long been powerless against tax evasion switzerland austria and luxemburg have always championed bank secrecy the e. U. Has taken action requiring increased transparency. If you know. What thats. You know. Thats what im at. Someone. Will for the well theyre going to walk on the dont distance out about it on t. V. All failing this she did love an illness joyce on his own for me domicile took on and i dont know him or bottled it all alone on the monitor that mischa all of newmont but it was his deal longer so youre going to cause we mara with all that economy getting more external. Will produce a democrates receipt of you levy a cliff you dont look at p. Diddys it played live you dont and she said bouncing off on it when elam is a real good on clip ons for between theres all to to do are to do what you are competitive do you know that you dont evolve such as youre going to miss a conclusion is suited to society. Today date the economy and finance an ever present Global Reality we are all caught in the debt machine the debt its grip and its dictate have insinuated themselves into our work our relationships and our lives. Only time will tell if we can actually afford this must a 7th relationship to date. Hello that it is still the south. Strain is saying most of the weather this next front streaming in across the great by gray not clouds and the chance of those shows temperatures on to bad really on monday 15 degrees in adelaide but that is ahead of the next fronts also ahead of the rain is heading in quite a cloudy day into hope off 15 degrees nice in brisbane with a high of 22 and then pulse on monday it should be mostly fine but we could just see a stray shower on shoes day 17 degrees and then for you but there could be some coastal shows and then they will feel quite a bit cooler in adelaide that front sit by and that just a really a bring some cooler air in its wake meanwhile weve got some rather wet conditions at hobart with a high of 12 degrees it does though stay fair both days monday and tuesday across into new zealand just a scattering of cloud as you can see there but it will be bringing any rain with it quite strong winds at time quite breezy as the day goes on at the time i just say pretty much the same on both days 11 in christchurch and 15 celsius in oakland and we had up towards the japan we have of course been seeing at the remnants of what was a Tropical Storm don asked that is moving well out of the picture by monday however weve got this front training right the way across japan that will bring more rain and at times it could be heavy so we could just see some localized flooding in some areas you can see 30 celsius in asika. Perception is valid to. Believe what you see but in one life time we cannot see everything but we rely on the experiences of. The legacy of previous generations. Or to have testimony weve got you know the i mean. With this documentaries that open your eyes on aljazeera. Since in the discussions here tim was the deadliest year the Aviation Industry has experienced for some time examining the headlines many foreign journalists including those from aljazeera have had their licenses revoked their offices raided explore an abundance of world class programming designed to inform motivate and inspire that convinced me this was the conservation chance of a life that the world is watching. On aljazeera. For 23 years mohsin has collected objects he finds along the coast. Enough to fill his museum enough to break a Guinness World record. With a story for every object hes become an environmental activist and inspired artist and a voice for the part to countless markets. March music. Aljazeera. Aljazeera. Hello im Maryam Namazie this is the news hour live from london coming up irans foreign minister accuses the United States of trying to drag the person into a quagmire after the seizure of the u. K. Flag tonka. Hong kong police fired tear gas as they move into this 1st thousands protesting outside the office of chinas representative. And another victory for comedian turned president was made as a lansky as exit polls show his Party Winning ukraines parliamentary elections. And im Peter Simmons in. Hall with our irish eyes are smiling. Shane lowry claims hes 1st major total of the winning the open championship by 6 shots. Welcome to the program our top story irans foreign minister has accused the u. S. National security adviser of trying to drag him into a quagmire off to iran seizure of a u. K. Flag tanker in the strait of hormuz the British Government says its weighing its options and will announce the next steps it plans to take on monday. Baba has mall. A Radio Exchange apparently detailing what happened in the strait of hormuz on friday a British Navy Officer from the frigate h. M. S. Montrose tells the crew of the oil tanker stana in piro that its in a recognized International Strait and must not be impeded he then urges the Iranian Navy Patrol boat which ordered the tanker to change course not to intervene. At. The end of the senate. But irans revolutionary guard soon arrived by helicopter and seized the tanker Iranian Maritime officers said on sunday the vessel and its crew of 23 from india latvia the philippines and russia a safe in the port of bandar about us we have already announced. That the vessel or the crewmembers they have any needs we are ready to meet their need discipline and our over there are some great deal asians in an. Actual conducting casualty investigation with regard to. The u. K. Has written to the United NationsSecurity Council insisting the stand imperio had been in the territorial waters of oman and saying iran had violated International Law the British Government is calling it a hostile act but its wary of escalating tensions we have seen as i say a ratcheting up the last 3 weeks of events and tensions in the straits of hormuz and with iran as a whole we need to make sure that we thought this go back to the Bigger Picture of the russian ship with iran and make sure that we protect our International Shipping taking to twitter irans foreign minister mohammad job is accusing President Trump security advisor john bolton of quote turning his venom against the u. K. In hopes of dragging it into a. Quagmire i had a very long conversation with him over the weekend britains foreign secretary jeremy hunt phones a wreath he then said to her on was implying it had retaliated for britain hoping to seize the grace one tanker of gibraltar britain insists that was legal because the grace one was breaking e. U. Sanctions by carrying oil to syria. Concerts back to Tell Parliament on monday what diplomatic and economic measures britains planning in response to the latest incident if his conservative leadership rival Boris Johnson becomes Prime Minister in a few days time settling a major diplomatic dispute with iran will be top of the to do list the dean barber al jazeera. And also jabari brings us more on the story now from. A technical investigation is now under way in the port city of on that bus where this u. K. Tanker thats been seized by the revolutionary guard is being kept along with the 23 crew members on board the pair o. Has been taken to this port city where the officials have said that they are looking into what actually transpired on friday the revolution guard has said that the vessel risks Maritime Safety in the strait of hormuz and the reason for the seizure was that it had turned off all tracking systems and it was not responding to warnings and choosing the wrong route to enter the strait of hormuz considering that it was seas around 8 pm local time in iran on friday the tanker was passing through their route for about 8 hours without any coordination meanwhile weve heard from the speaker of Parliament Larijani who spoke about the issue and he had one very strong sentence to say about this event he said the british committed piracy and the revolutionary guards responded to them that is the sentiment here a better fish if the revolutionary guard to saying that this vessel violated International Maritime law and that is why the iranians have seized it weve also heard comments from the british the arabian diplomat in the u. K. Who has tweeted about the issue and he said that the u. K. Government should contain those domestic Political Forces who want to escalate tensions between iran and the u. K. Beyond the issue of ships and this is quite dangerous and unwise at a sensitive time in the region iran however is firm and ready for different scenarios the general feeling here is that the iranians have carried out what they believe is their Due Diligence when it comes to securing the waters of the strait of hormuz and that is what the revolutionary guard has said theyve done with the act that they carried out on friday. Well joining me now is roxanne fadam on family on a lecture of politics and International Studies at the university of cambridge thank you very much for coming to speak to us so the tensions of oil tankers have erupted at a time when britain is undergoing a change in leadership how difficult is it going to be for the government to extricate itself from a confrontation with iran well its an extraordinary difficult spot that britain is finding itself in and the choices that it faces are to exacerbate a number of different fronts so if this is not resolved in a diplomatic way what were seeing is that this extra spat added to the Nuclear Conflict between the iranians and the americans could fuel further militarization in the gulf it certainly could divide the e. U. And it could. Cause the situation here to be very very volatile at a time of a new Prime Minister coming in thats right come wednesday Boris Johnson is the man who is widely expected to be settling into downing street now as Prime Minister what are your expectations in terms of how he might handle pressure from the United States in the way he deals with iran will he differentiate between u. K. And u. S. Interests well the fact of the matter is he gets along better with President Trump than certainly Prime Minister made it and so there is a possibility that they will feel more relaxed together about developing policies that are more parallel but the. Arrival of of johnson comes after quite a spat between washington and whitehall over the you can bassett or there who call this kind of activity and by President Trump. Diplomatic. Outrage in a way and so it is very important that. And does a stylish his own position particularly because the americans can be quite erratic and on top of that in establishing a breakfast view within the e. U. He has to be very careful that he does not lose them in the process and they are very much trying to keep the deal going under the particular circumstances that britain is finding itself and that is becoming very much more difficult if Boris Johnson does have a woman relationship with President Trump might he use that to his advantage in some way use that special relationship to to trying to gain some clarity on what it is that trump wants from iran well thats a very good point because the issue that perhaps lies at the heart of much of this is where are the red lines that the United States has before it would take real military action against the iranians and it would be very helpful if Boris Johnson was able to figure this out and make that clear because it is the issue of accidents that could very much trigger a significant military exchange and the United States also is perhaps unaware of where the iranian red lines are so perhaps Boris Johnson would help clarify this if he is able to have a Good Relationship with President Trump well thank you very much for sharing your insight with us appreciate it. From Cambridge University thank you. Now now to our other top story this hour protests turning violent again in hong kong with riot Police Firing tear gas and rubber bullets at hundreds of thousands of prodemocracy demonstrators violence broke out after they refused to stop marching through the streets and blocked roads near china Central Government offices on the bride reports from hong kong. As police were warning they were about to clear the streets protesters busily prepared the barricades that were meant to stop them. The protesters had laid siege to the chinese Central Governments Liaison Office in hong kong and police decided it was time to act. There was a tense standoff objects were thrown at the ranks of riot police who then responded in force. Police fired multiple barad use of tear gas canisters as they made the protesters give up ground. Right to leave police have been waging forward firing tear gas as they go pushing the crowds further back from one barricade to the marriage some of the protesters are saying to leave the streets and fall back into the Central District others are urging their friends to stand their ground as this carry us continues. It was a violent end to another wise peaceful protest again attracting massive crowds they took to the streets chanting go Home Congress keep it up. But this is exhausting work through the summer heat i am tired and really hope to take a rest but it is time for it is time for us to continue and now is the summer of this contact. The protesters are demanding the complete withdrawal of a controversial extradition bill that they say would allow china to take political opponents to face summary trial in mainland courts many see it as a further. The gradual erosion of hong kongs freedoms within china i think by the fall something that we face is right and we should have told the titanic oh yeah if we dont come out now later on we wont be able to come out a tool that yeah theres no justice from the government thats why i have to protest tensions were raised before this march with the discovery of bomb making equipment which police say could be linked to the protest movement and police had demanded that this march finish early but as the numbers swelled it became obvious there was no stopping the crowds the. They once more surrounded government buildings