to fail. cyprus is too small, doesn t matter, and the eurozone would survive if cyprus were to exit. taxing deposits, richard, in exchange for bailout funds should make europeans a little skittish because it could set a precedent for the future but cyprus is interesting for his geopolitical implications, particularly because of russia. there are suggestions that russia might demand rights to a naval base there, contracts to exploit gas, natural gas reserves under the island s territorial waters and 36% of europe s gas supply comes from russia already. that leverage over europe would only increase if russia gets involved in cyprus natural gas. cyprus is important for that reason because europe doesn t want a whole lot more of russia in europe, but that s really the only effect it is going to have minimal effect on the rest of the world, richard. i don t think it matters all that much. oh, dear. the short answer, allie, is yes,
lot of people keeping them satisfied and quiet are the sense okay, i have more money and my children will be more secure. reporter: experts tell me that much of the middle class have depleted their savings and as the gap between rich and poor grows in iran. bret. bret: amy, thank you. greece s prime minister says his country will run out of money at the end of november if it does not receive the next installment of bailout funds. money managers are assessing the country s progress and trying to cut its costs. russia s secret service is reportedly blaming al-qaeda for a series of forest fires across europe the daily mail says the director that have service says the group is trying to inflict economic and moral damage quickly and easily. this spring the terror group called on followers to start fires in the u.s. and still ahead, a republican pariah now coming back into the fold slowly. first, just how bad is the voter registration scandal in
controversy has just begun. why some say the judges decision is an outrage. and later bobby s back, sueellen is running for office and j.r. is as conniving as ever. no, we are not talking about the old dallas. this is the next generation and they re still battling over control of southport. wait until you see what the cast told me in our sit-down interview. it is sunday, june 10th. good morning, everyone. i m randi kaye. glad you re with us. we start with breaking news out of auburn, alabama, a shooting at an off-campus apartment complex. there are reports of multiple victims. the police have the whole area blocked off. joining me on the telephone is reporter christina chambers from station wltz. christina, good morning to you. what do you know at this point? reporter: good morning. well, as of right now, auburn police are only confirming that they responded to multiple gunshot victims at an apartment complex in auburn. that is all they are confirming. they hav
much more debt that is in the banking system issued by those countries. that s what we have to worry about. jenna: there is something else we are seeing in france and in greece as they are changing their governments. there has been a move by the eu to cut, these austerity measures that are really painful and no one likes. now we are seeing the new governments and new officials coming in who are saying, you know what we don t need to do all of that. at least as a campaign measure that s exactly what they are saying. democracies, this is the way it goes, you have unphror policies that are agreed to by burea bureaucrats and politicians that in are power. it seems there was a relatively neat solution here. you have bailout funds in exchange for budget austerity and that is now being called into question more broadly. jenna: they are crossing their fingers. that s what they say any way. as you point out that s what the government officials are saying now. we ll see what happens when they
from the besieged arab red crescent. western diplomats say that iran is trying to clean up something at its military base. inspectors believe the site may have been used to test triggers for nuclear bombs. this is what a solar flair looks like up close. the flair erupted and was captured by scientists in this dramatic video by nasa. we should be feeling its effects today as radiation distorts the magnetic field possibly disrupting the gps signals. those are the headlines from cnn. i m juanita raj paul. world business today starts now. good morning from cnn london, i m nina dos santos. and a very good afternoon from cnn hong kong, i m andrew stevens. welcome to world business today. the top stories this thursday, a boom town in the midst of devastation. we ll tell you about a japanese city doing brisk business as its neighbors struggle to rebuild. the deadline for the greek debt swap is fast approaching. the signs so far are good as people sign up to push the dea