translator: the dominance of extreme conservative groups led to the decision to asphyxiate the country s banks with the obvious aim of blackmailing the government and each individual citizen. reporter: tsipras claims voting no is not against the e.u. and the euro but against e.u. tactics. pollsters put the no vote ahead of yes with many undecided. this as the government was still reeling from defaulting on a massive loan repayment to the imf and still floating a variety of bailout plans including one they recently walked away from. in the german parliament chancellor angela merkel said talks with greece would not resume until the referendum was over. she too was defiant. translator: yes these are turbulent days. there s a lot at stake. the world is watching us. but the future of europe is not at stake. reporter: many here are worried about the fallout from this political face-off. so this a game of chicken that the finance minister and
board when it went down because it stopped twice en route. unclear what caused the crash. the fact that greece defaulted on its imf loan comes as no surprise. prime minister alexis tsipras has made it clear he s had enough of the austerity measures that are making life difficult for the greek people. he has called for a referendum this sunday. the groeks themselves, the people have an option to decide if they want to move forward with more bailout plans or go it alone. people who support staying in the eurozone rallied in athens on tuesday, the day before you had people who supported the government doing the same thing. prime minister tsipras is urging people to vote against the european bailout offer. he is even hinted he probably will resign if greeks end up voting yes, but sentiment in athens is hard to gauge. take a listen. never experienced something
steve: america s students racking up debt at record pace, in fact, according to the federal reserve, bank of new york, student loan debt now topping a trillion dollars and it s just getting bigger every day. so what should we do about it and what happens if our college grads fail to pay off their loans? joining us now is wisconsin congressman tom petary. he has a student loan repayment plan and joinses from our nation s capitol. good morning to you. good morning. steve: we ve got a trillion dollars in debt right now and we ve heard some of your colleagues on capitol hill have said, you know, some of these kids are really struggling. we should forgive them after 20 years. there are a number of bailout plans out there, aren t there? there are a lot of bailout plans and it sounds like you re being a good guy to bail out the students, but you re bailing it
the first prime minister has been indicted. mr. gilani entered a plea of not guilty. the court demanded he ask swiss authorities to revive corruption charges against president zardari and others. an autopsy of whitney houston has revealed no signs of foul play but could take eight weeks to get toxicology result. attempts of resuscitation failed on sunday after she was found unconscious in the bathroom of her hollywood hotel room. those are the world headlines. i m monita rajpal. world business today starts right now. good morning, from cnn london, i m nina dos santos. and very good afternoon from cnn hong kong, i m manisha tank. amid anger on athens streets, politicians try to pull greece back from the brink, approving a new round of deep spending cuts that may help the country head off a messy default. rupert murdoch to the rescue. the news corp. chief flies into london while journalists at his best-selling british tabloid are arrested. and friends and colleagues
he did on friday lifting reasons why presbyterian president bush was to blame. and jeb bush, many with want him to run for president, he will not, but he answered to hannity last night, the criticism of president obama that his where is to blame. the guy has been there for three years. and it s time to accept responsibility. he was a dealt a difficult hand. no one can deny. but he has been there long enough for the economic policies to work. he is referring to the stimulus packages, the bailout plans, the auto industry. the housing market. people wonder what is going on with the housing market. still, major problems and wall street journal headlines yesterday about this one-third of americans out of work for about a year or more. a year! that number is staggering when you look across the united