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European Leaders to Hold Emergency Summit Tuesday; Eurogroup Expects New Proposals from Greece; Pope Francis in South America for Week-long Tour; Bombings Kill at Least 28 in Northern Nigeria; Iran Nuclear Deal "Very Close"; U.S. Beat Japan in Women's World Cup Final; S.C. Legislature Considers Removing Flag; U.S. Murder Touches Off Immigration Debate; Greece's Future Unclear after Vote; Markets React to Greek "No" Vote; Anti- China Protests in Turkey; Britain's Princess Charlotte Christened. Aired 10-11 ET
Aired July 06, 2015 - 10:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
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[10:00:00]
ROBYN CURNOW, CNN HOST: Hello there and welcome to the INTERNATIONAL DESK. I'm Robyn Curnow at the CNN Center.
And that vote was resounding, wasn't it, Greece's people saying no to European bailout terms.
But what happens next is anyone's guess as Europe's leaders prepare to meet and the Greek government moves to start fresh negotiations.
We've learned that Prime Minister Alexis Tsipras talked with German Chancellor Angela Merkel today and they agreed Mr. Tsipras will offer
proposals at a summit of European leaders tomorrow, Tuesday. Those talks will not involved Finance Minister Yanis Varoufakis, a bitter critic of
Greece's creditors. He resigned today, speeding off there in his motorbike.
Varoufakis acknowledged his presence could hamper negotiations moving forward.
Our Richard Quest is watching all of this unfold from Athens and joins me now.
Hi, there, Richard. There are so many questions I want to ask you and I think there are not a lot of answers right now.
What do you think the European Union is willing to do?
Are they willing to talk a new deal?
RICHARD QUEST, CNN HOST: Oh, yes, absolutely. We've heard that -- excuse me -- we've heard that quite clearly from Louis de Guindos from Spain. He
made it quite clear that Greece is perfectly entitled to ask for a new bailout under the stability mechanism, a third bailout, which is what
they've done.
The question, of course, is that terms for so-called conditionality of that -- and that puts us exactly back in the same situation -- in many ways a
worse situation because of the closure of the banks and the freezing of the economy.
The Europeans are waiting for the Greeks to make the first move by putting the proposals on the table. As you say, Tsipras and Merkel have agreed
that Tsipras will go to the meeting tomorrow the Euro Summit, with those proposals.
But if you had any idea it was going to be either easy or plain sailing, listen to what Jeroen Dijsselbloem had to say, the president of the
Eurogroup.
(BEGIN VIDEO CLIP)
JEROEN DIJSSELBLOEM, EUROGROUP PRESIDENT (through translator): I keep saying that whatever the outcome of the referendum is, Greece must take
difficult measures. Otherwise the country won't make it. Otherwise the government won't function. Otherwise the economy won't work. And if the
government and people reject difficult measures, we are going to get into a very difficult situation.
(END VIDEO CLIP)
QUEST: Now what you have there is a classic Dijsselbloem statement of pragmatism from that part of Europe. You know, don't give me any nonsense.
Don't give me any B.S. is basically what he's saying to everybody. You know the situation. I know the situation. There are hard talks ahead and
unless those hard decisions are taken, then frankly everybody's just messing around.
It's a statement of honesty and even, Robyn, bearing in mind the result of yesterday's referendum, the goal here is to narrow that gap and find that
common ground between those positions.
CURNOW: In the meantime, though, Greece is running out of cash.
QUEST: Oh, it's more than running out of cash, it's run out of cash, frankly. There's barely a billion or so left in the banking system. The
banks are supposed to try and open tomorrow. The reality, of course, is that if they were to open without capital controls, there would be a flood
of money out of the system. So that's unlikely to happen.
It's possible; depends what the ECB does this afternoon after their teleconference. If the ECB agrees to continue funding and to do emergency
provisions, then the banks could probably open -- possibly not tomorrow; it'll take a few more days. The damage is deep. It's -- you're talking
about a vast engine that was stopped dramatically. You've now got to get the lubricant back into the system to try and move things right. You don't
just sort of switch it on and up it comes again. There could be all sorts of disasters.
But the problem of course is if they don't -- if they don't give emergency lending, you may find the banks open but those capital controls, they won't
have gone away. And in fact, I don't know anybody who thinks the capital controls are going to go away quickly. They're here for the foreseeable
future.
CURNOW: Indeed. And while you're talking, we're getting a sense, our INTERNATIONAL DESK sending emails, saying that the defense --
[10:05:00]
CURNOW: -- minister announcing that a full government agreement is coming soon. There is some at least talk that we're going to probably see Tsipras
announcing something; what that is, we don't know.
In the meantime, there's obviously a real concern here about a precedent. Other European nations also with these upstart, anti-austerity parties,
watching how this plays out very, very closely.
QUEST: None more so than the Spanish, who go to the polls in November, which is why we're already heard from Louis de Guindos, the Spanish economy
minister, and he was quite brutal about saying it's difficult, whichever way you look at it. The last thing the Spanish want -- and Matteo Renzi of
Italy -- the last thing they want is to see the Greeks rewarded for having been bolshy in taking it to the brink, not out of some malevolence to the
Greeks, but because their own left wing parties will rapidly say if the Greeks got debt relief, if the Greeks got a better deal, if the Greeks --
if the squeaky wheel got most oil, then maybe we need to make more noise, too.
That's the fear. That's the so-called contagion effect from what happened over the weekend.
CURNOW: Richard Quest, always great to have you on the show. Thanks so much. And you'll of course be keeping an eye on any movement there in
Athens -- thanks.
Let's take a look at how the markets are reacting to all of this. There's a look at Wall Street, the Dow down over 100 points. The Nasdaq and S&P
also down about half, just a half a percent in early trading. Let's see how Europe has also reacted to the bailout vote on Sunday; all in negative
territory. They have about half an hour left in the trading day. You can see also there, the big selloff in the wake of yesterday's referendum.
In the coming hours, we should get some sense of the shape of the European response when leaders of Germany and France meet. Our Jim Bittermann joins
me now from Paris.
Hi, there. But they're mixed signals coming from some of those nations.
JIM BITTERMANN, CNN SR. INTL. CORRESPONDENT: Well, I think so, Robyn. I think we're seeing a variety of responses; although it does look in general
as if most of the European countries are lining up together against Germany. Germany is looked at as the country that's probably going to hold
the hard line. German Chancellor Merkel comes to Paris in a couple of hours, going to meet with Francois Hollande.
And Hollande apparently had a conversation himself with Tsipras after the referendum results last night and said to Tsipras, according to reports,
I'm ready to help you but you've got to help me help you, meaning that the expectation is that Tsipras will come to the renegotiations of whatever is
coming up next with some kind of proposal in hand.
And the French economic minister said that he must do that. He said that this morning. So the fact is that there's expectation that Greece is going
to -- the ball's in Greece's court to come up with some kind of solution here. The only thing that is different from what is happening in Spain is
they're sort of mirrors of the elections.
What Richard was describing in terms of the Spanish situation, the left- wingers taking heart from what happened in Greece, we're seeing the same thing happening here in France. It's two years still until the
presidential elections here. But in fact, the left wing here has been quite active over the last 24 hours, cheering on the Greeks because they've
been quite critical of Francois Hollande and the fact that he hasn't been as attentive to his left wing. And so there could very well be some
challenges coming from the Left here when those presidential elections roll on -- Robyn.
CURNOW: Also what is the appetite domestically in Germany? And there is already some sense, isn't there, that Ms. Merkel has been too soft on
Greece.
BITTERMANN: Well, I think so. And I think there's a couple of people in Germany who say that. By the way, there's at least one person here in
France that says that, one of the leading voices here, Alain Juppe, who's widely seen as a presidential candidate, potential presidential candidate
two years from now, said this morning that he thinks that the Greeks should exit the euro and that the European leaders should organize some kind of
calm and organize a retreat for Greece out of the euro system.
But there's that kind of call going on in Germany as well, because I think the Germans feel like they're financing all of these various economic
supports for Greece and that the time has come for the spigot to be turned off. The fact is that Greece has had been through now two emergency
support -- life support kinds of things and now I think that there's a call that enough is enough and time to --
[10:10:00]
BITTERMANN: -- put the Greeks out on their own if that's what they really want.
CURNOW: Jim Bittermann there on the European reaction, thanks so much there, Jim.
And this programming note: German Chancellor Angela Merkel and French President Francois Hollande plan to hold a news conference in about three
hours from now to give their reaction to the Greek referendum. Our coverage of that begins at 6:00 pm in London, 7:00 pm in Paris and Berlin,
only on CNN.
Now the leader of the Roman Catholic Church is on his way at this hour to a port city in Ecuador as his tour of South America gets underway. About 20
minutes ago, Pope Francis boarded his plane to travel to Guayaquil, where he will hold mass at the Sanctuary of the Divine Mercy. The pontiff was
greeted warmly Sunday in Quito while people lined the streets as he rode through the city in his Popemobile there. Pope Francis will travel from
Ecuador to Bolivia and Paraguay over the next week.
Shasta Darlington joins us now.
We're expecting the pope to land where you are soon, to give that lunchtime mass. There is a huge and overwhelming support for him over there, isn't
there?
SHASTA DARLINGTON, CNN CORRESPONDENT: Exactly, Robyn. He'll be celebrating mass right here in just a couple of hours and organizers are
expecting more than a million people to turn out. I would not be at all surprised; they're already thousands and thousands, really as far as the
eye can see.
And there's so much excitement not only because he's the first Latin American pope but also because this is the first time in three decades that
any pope has visited Ecuador. So a lot of people are looking at this as kind of a lifetime event. This is the only chance in their lifetime that
they're going to get to see a pope.
But organizers think that over the next few days that all of these different events and masses, a full quarter of the population of Ecuador,
will turn out to see Pope Francis. That doesn't mean that there aren't a lot of challenges ahead. This is also a region -- it's one of the poorest
countries in Latin America; all three of the countries that he's visiting are very poor.
In these countries, evangelical churches have been gaining ground against the Catholic Church precisely because they set up their temples right in
the heart of these very poor neighborhoods, often the pastors and reverends are indigenous leaders from those communities.
So the church, the Catholic Church is hoping that Pope Francis, a champion of the poor, of the downtrodden, that his message will really resonate and
maybe even get people getting that -- going back to the pews and staying in the pews -- Robyn.
CURNOW: Shasta Darlington, we've got to leave it at that. Thank you so much for that report.
Moving on, suspected Boko Haram militants are stepping up deadly attacks in northeastern Nigeria. A series of bombings killed at least 28 people in
two cities Sunday and in the past week alone renewed violence has left more than 150 people dead. Our Nima Elbagir has more.
(BEGIN VIDEOTAPE)
NIMA ELBAGIR, CNN CORRESPONDENT (voice-over): They tried to save whom they could but too often they failed. This is the aftermath of the latest
deadly string of attacks in Nigeria's north, much of it too graphic to show in full. The attack in the central city of Jos on Sunday evening was the
combination of a series of brutal strikes over the weekend. They're still counting the dead in injured but already it's believed to be the bloodiest
attack since Nigerian army stepped up its campaign in the country's north against Boko Haram militants earlier this year.
And the first since Boko Haram pledged allegiance to ISIS, rebranding itself ISIS West Africa.
UNIDENTIFIED MALE: (INAUDIBLE) preserve, protect, defend the constitution --
ELBAGIR (voice-over): To the newly elected government of Muhammadu Buhari, this is its first major security setback. And the new administration's
response will be closely watched, by home and abroad as Nigerians ask themselves is the worst is yet to come -- Nima Elbagir, CNN, London.
(END VIDEOTAPE)
CURNOW: Still ahead, it's crunch time in the Iran nuclear talks as the self-imposed deadline rapidly approaches. We're live in Vienna with the
latest.
Plus hoisting the trophy: the U.S. women's national football team celebrates big after winning their third World Cup title. Stay with us for
all of that.
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[10:16:44]
CURNOW: Officials in Iraq say an Iraqi military plane accidental dropped a bomb on a neighborhood in Eastern Baghdad. Now a security official tells
CNN at least two people were killed and eight wounded. Military officials say the bomb fell from the plane due to a technical error.
And the European Union's foreign policy chief says a final deal on Iran's nuclear program is, quote, "very close." Federica Mogherini's comments
come one day before a self-imposed deadline to reach an agreement. But now there are signs the parties may need more time.
Let's go to Vienna, where our Atika Shubert has the latest.
Do we have a real sense of where they are?
Is it just about finding the right language now, dotting the I's, crossing the T's?
ATIKA SHUBERT, CNN CORRESPONDENT: I think that's definitely part of it. And we are feeling that momentum is ratcheting up; the pressure is on.
There's been back-to-back meetings with all of the foreign ministers now involved in these talks.
But having said that, there's also the feeling here that nobody wants to rush a deal and sort of shave off the margins, which is what Secretary
Kerry said yesterday. What they want is a good deal. And if it means that they have to take a little bit more time to do it, then that's what'll
happen.
The senior Iranian official told the press earlier today that it's an artificial deadline, this July 7th. But it's not in anyone's interest to
go home at this point. They want to get it done, a deal done here. And that's why the foreign ministers are here, to make those very hard choices.
You asked about language. Well, we do know from that senior Iranian official that for example a draft of a U.N. Security Council resolution is
being worked on. But exactly as you point out, it's really about the exact wording, the text in that. And everybody has to agree to it before we
actually have an agreement.
CURNOW: Indeed. And meanwhile the Israeli position remains unchanged, skeptical.
SHUBERT: Well, exactly. Predictably, as you can imagine. Israel's not happy with the progress of these talks. Take a listen to what Israeli
Prime Minister Benjamin Netanyahu had to say.
(BEGIN VIDEO CLIP)
BENJAMIN NETANYAHU, PRIME MINISTER OF ISRAEL: They will face the possibility that a deal will be signed with Iran, which is the foremost
state sponsor of terrorism in the world. This deal, as far as we can see, comes on almost daily concessions from the P5+1 to growing Iranian demands.
Every day, more concessions are made and every day the deal becomes worse and worse.
(END VIDEO CLIP)
SHUBERT: What negotiators here say is that the deal is in everyone's interest and that the alternative would be an Iran with nuclear weapons.
So the objective here is to get as detailed an agreement as possible, that really nails down what will happen, what is required of Iran to give up its
nuclear weapons program.
And if it goes forward, which of those sanctions will be lifted and how will they be lifted over time? These are really granular details but
they're important to get right so there's no --
[10:20:00]
SHUBERT: -- patching up later down the line -- Robyn.
CURNOW: Thanks for that, Atika Shubert there in Vienna, thanks.
Now the U.S. have won the women's football World Cup, becoming the first country to earn the crown three times. And boy, oh, boy, did they do it in
blazing fashion. The team trounced Japan 5-2. The U.S. scored four goals in the first 16 minutes. Midfielder Carli Lloyd made three of them. Her
hat trick secured her the Gold Ball award given to the tournament's best player.
Despite plenty of reasons to boast, she spoke humbly of her victory.
(BEGIN VIDEO CLIP)
CARLI LLOYD, TEAM USA MIDFIELDER: I just put my head down. I've worked hard. I do all the right things on and off the field and just want to be a
good role model to all the young kids and boys out there as well, just to teach them the importance of doing all the right things in order to
accomplish your dreams.
(END VIDEO CLIP)
CURNOW: Well, the game was a rematch of the 2011 women's World Cup final, a contest Japan won. For many Japanese fans, though, this time meant more
than just defending their 2011 title. The loss was also heartbreaking as our Kathy Novak now reports from Tokyo.
(BEGIN VIDEOTAPE)
KATHY NOVAK, CNN CORRESPONDENT (voice-over): Seven-thirty am would ordinarily be a bit early to be hitting a bar. But this was not an
ordinary morning.
UNIDENTIFIED MALE: It's a special day today.
NOVAK: Should you be at work right now?
UNIDENTIFIED FEMALE: I'll get there eventually. But this was important.
NOVAK (voice-over): This Japanese American family wasn't going to miss it. It was basically a win-win situation for them, though they were cheering
for Team USA.
UNIDENTIFIED MALE: The World Cup only happens once every four years, right? So you can miss one day of school -- or actually only a half-day.
They're going back to school.
NOVAK: Does your teacher know where you are?
UNIDENTIFIED MALE: No. No. No.
(LAUGHTER)
UNIDENTIFIED MALE: Maybe now she does.
NOVAK (voice-over): The 2011 win lifted spirits in this country, which had been hit earlier that year by the devastating earthquake and tsunami.
These fans were hoping for back-to-back victories. It didn't take long before it was clear just how hard that would be.
UNIDENTIFIED MALE: Four down in the first half. It's really hard to come back from that, sorry to say. The U.S. team came out. They came out
ready.
NOVAK (voice-over): Plenty of cheers from the small American contingent here. And by halftime, one young fan was predicting the outcome.
UNIDENTIFIED MALE: I think it's going to be 5-2, maybe.
NOVAK (voice-over): Unfortunately, for Nadeshiko Japan, Ethan (ph) was right.
NOVAK: So a few cheers for the Japan side on the screen behind me and that sentiment shared here at this bar in Tokyo. It cleared out pretty quickly
and not surprising, really. People of course disappointed. And they have to go to work.
But one person I spoke to said that Japan should remain proud of their team.
UNIDENTIFIED MALE: It's not an easy thing to come second place in the World Cup.
NOVAK (voice-over): So much better, of course, to come first, giving these young fans something to celebrate as they headed off to school, leaving
others at the bar to drown their sorrows -- Kathy Novak, CNN, Tokyo.
(END VIDEOTAPE)
CURNOW: And of course, coming up in half an hour, "WORLD SPORT" will have much more on the USA's win.
Also they will talk about golfer Rory McIlroy, who will likely miss the British Open over a football injury.
Still to come, though, on the idesk, lawmakers in one southern U.S. state debate removing the Confederate flag from their capital grounds. Critics
say it's a symbol of racism that just has to go.
Plus new controversy over immigration in the U.S. after a tragic killing. Stay with us.
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[10:25:31]
CURNOW: You're watching the INTERNATIONAL DESK. I'm Robyn Curnow.
In the U.S. state of South Carolina lawmakers begin a special session to consider removing the Confederate flag from capital ground. Now debate
over the flag's symbolism was set off by a deadly shooting at a predominantly black church in Charleston last month. Nine worshippers were
killed when a white gunman opened fire.
The flag was a banner for the southern state during the U.S. Civil War in the 19th century. Supporters say it's a symbol of Southern pride. Critics
say its presence is a tacit endorsement of white supremacy.
A heartbreaking story out of the U.S. state of California, a young woman gunned down in an apparent random act of violence. Dan Simon -- wow, I
twisted that one -- looks at how the killing has touched off a new immigration debate.
(BEGIN VIDEOTAPE)
UNIDENTIFIED MALE (from captions): Did you shoot Kate Steinle? The lady who was down on Pier 14?
FRANCISCO SANCHEZ, CONFESSED MURDERER (from captions): Yes.
DAN SIMON, CNN CORRESPONDENT: Confessing to homicide, 45-year-old Francisco Sanchez is behind bars in California this morning. But he
shouldn't be in the United States at all.Sanchez is an undocumented immigrant and repeat felon.
The victim is 31-year-old Kate Steinle, killed with a single gunshot to the chest at a popular San Francisco pier last Wednesday.
I could feel that she was fighting, then gasping for every breath.
SIMON (voice-over): Kate's father, who was with her at the time, says no words were exchanged between Sanchez and his daughter. Officials say this
was a random act of violence.
I have a little solace that I was with her. But I also have the overwhelming grief of the daughter and the moment she was shot.
SIMON (voice-over): Sanchez has been deported five times to Mexico. In a jailhouse interview with CNN affiliate KGO, he says the lure of a paycheck
kept him returning.
SANCHEZ (from captions): I'm looking for the jobs in the restaurant or roofing, landscaping or construction.
SIMON (voice-over): The shooting quickly seized on by Donald Trump, the GOP presidential hopeful who made headlines for his inflammatory remarks
about Mexican immigrants, said the tragic shooting is, quote, "yet another example of why we must secure our border immediately."
Sanchez was held on an outstanding drug charge back in March but that charge was dropped and San Francisco officials said they had no legal basis
to hold him. Under the city's so-called "sanctuary law," they didn't transfer him back to immigration officials, either, because there was no
warrant or judicial order for his removal.
So on April 15th, Sanchez was released.
SANCHEZ (from captions): I'm sorry for everybody.
UNIDENTIFIED MALE: Including Kate Steinle's family?
SANCHEZ: Yes.
(END VIDEOTAPE)
CURNOW: That was CNN's Dan Simon reporting there.
Well, coming up, Greece votes no in its bailout referendum and global markets respond with a quiver. We'll have reaction from Wall Street.
Also coming up in "WORLD SPORT," golf champion Rory McIlroy sustained a serious ankle injury over the weekend. How a simple football match with
friends could keep him from the British Open.
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[10:31:14]
CURNOW: Welcome back to the INTERNATIONAL DESK. I'm Robyn Curnow. Let's check the lines.
Pope Francis is bound for the port city of Guayaquil in Ecuador, where he will celebrate mass in a couple of hours. It's the first leg of his week-
long South American tour. The pontiff took to his native continent, will also take him to Bolivia and Paraguay.
And we're one day out from the self-imposed deadline to reach a final agreement on Iran's nuclear program. One Iranian official involved in the
talks indicates negotiations may have to stretch longer.
Several bombings in northeastern Nigeria have killed at least 28 people. Two of the blasts erupted in the town of Jos. No group has yet claimed
responsibility but suspicion is falling on Boko Haram. The militants have been launching deadly attacks on nearby villages during the past week.
The Greek Prime Minister Alexis Tsipras will present new bailout proposals at a special E.U. summit Tuesday. Mr. Tsipras, both by phone with German
Chancellor Angela Merkel a day after Greeks overwhelmingly voted no to European bailout terms. The Greek foreign minister resigned today, saying
his departure will help negotiations.
Well, many people in Greece are celebrating a win over European bailout terms they say are too severe. It's unclear just how that victory will
take shape if at all.
Our Nina dos Santos shows us why Greeks voted no and what's next for the government.
(BEGIN VIDEOTAPE)
NINA DOS SANTOS, CNN HOST (voice-over): The Greeks began gathering before the polls closed, waiting for an outcome that could make or break their
country's future. The result: a resounding no.
Rejecting the crippling demands of Greece's creditors, something this government had always wanted.
UNIDENTIFIED FEMALE (through translator): This is our first step to our next battle. Now it truly starts. I do not think that everything will
suddenly be perfect. But it is a first step in making field go away.
UNIDENTIFIED FEMALE (through translator): In any case, things will get hard for Greece. Neither yes nor no will save this (INAUDIBLE). I believe
it is a moral issue. Those who voted no did it because they can't take it anymore.
UNIDENTIFIED MALE: All the world, Europe, just watch this bubble, just watch this country, just watch them and just watch them.
DOS SANTOS (voice-over): Elected just months ago on a promise to unite his people against austerity, Prime Minister Alexis Tsipras performed the same
feat once more. And now on a strengthened position, has promised to take the fight to Brussels to campaign for better conditions and more money.
ALEXIS TSIPRAS, GREEK PRIME MINISTER (through translator): Today, considering last week's very difficult circumstances, you made a very brave
choice. However, I'm fully aware that the mandate here is not a mandate to break with Europe but a mandate to strengthen our negotiation position, to
seek a viable solution.
DOS SANTOS (voice-over): But critics warn it won't be easy as Greece is worse off than it was this time last year and while they weren't exactly
asked about their membership in the Eurozone, many say that the outcome ushers Athens ever closer towards the exit door.
VICKY PRYCE, ECONOMIST: The government thinks that they can use the no vote to increase their negotiating mandate. But I don't think the
Europeans are going to have very much interest in doing so. What they will worry them, though, is -- what will worry them is the fact that Greece is
now in a serious decline in terms of its economy. And you can't have a failing state, a completely bankrupt state, as part of the European Union.
So.
DOS SANTOS (voice-over): Results may have been simple; after all, Greeks only really had a binary choice. But in reality, this referendum throws up
far more --
[10:35:00]
DOS SANTOS: -- issues than it settles. It was hastily organized. The question itself was convoluted. And contingent on an offer that is no
longer valid, leaving those who wish to challenge its outcome with plenty of room for maneuver.
This referendum plunges Greece and Europe into a world of unknowns. Its people may have spoken loud and clear, but it's far from clear that no is a
word that the country's creditors will want to hear -- Nina dos Santos, CNN, London.
(END VIDEOTAPE)
CURNOW: Well, let's check in in the markets again to see how they are reacting to this no vote. Our Maggie Lake joins us now from New York.
And Nina was referring to it there in her report, this uncertainty. Nobody knows where this is going.
MAGGIE LAKE, CNN HOST: No, they don't. And that is the absolute truth, Robyn. If you look at the market actually it's very interesting. You can
see we're in a holding pattern. We saw that immediate reaction in Asia overnight when that "no" came through. But as global equity day has made
its way over here, we actually pared our losses. The Dow opened down triple digits in just the first few minutes of trade. But we've pulled
back now. We're only down about 40 points. And that is because as long as there is a window for these politicians to possibly continue talking and
getting some sort of deal investors keep thinking that reason is going to overcome politics and they are going to craft something that avoids Greece
from falling into chaos. And nobody wants to see that happen. It's not a good situation. They're not terribly concerned about immediate financial
contagion but they are worried about the politics and the fact that we are simply in uncharted territory. In fact, certainly there are a lot of
research notes going out, saying the odds that -- they're increasing the odds of a possible Greek exit, whether it's intentional or whether it is
intentional or whether it is accidental, which is possible. But a lot of people also saying, listen, it's so hard to gauge what's going on because
we simply have never been here before. In fact, one person -- investor, analyst, send a research note, saying E.U. is confusing at the best of
times. Now that we've moved into uncharted territory, it's unclear that many in Europe know what they can do, let alone what they should do. This
is very complicated, very bureaucratic. So investors are choosing to step to the sideline, see what happens at this all-important summit on Tuesday
and this is very critical, Robyn, what the ECB decides to do.
Will they continue to supply liquidity to Greek banks? That is crucial here in these next 48 hours. That's sort of the critical piece that the
market's looking at.
CURNOW: Indeed. Thanks so much for all that, Maggie Lake in New York, appreciate it.
Well, still ahead, many Turks are furious over what they claim is China's mistreatment of minority Muslims and China responds with a warning.
Plus we'll look at the christening of Princess Charlotte and the first public outing for the new royal family of four. That's coming up right
now.
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CURNOW: Anger in Turkey over concern that Muslims are being mistreated in China. Protesters marched in Istanbul and some burned the Chinese flag.
They're reacting to reports that authorities in Western China have banned Muslims from fasting --
[10:40:00]
CURNOW: -- during Ramadan. China denies it's stepping on religious freedom and accuses Turkish protesters of attacking Chinese tourists.
Here's our Ivan Watson with the story.
(BEGIN VIDEOTAPE)
IVAN WATSON, CNN SENIOR INTERNATIONAL CORRESPONDENT: Beijing is urging Chinese tourists visiting Turkey not to go out alone. This is part of a
safety warning sent out by the Chinese government after it says that a number of Chinese tourists were harassed and attacked during anti-Chinese
protests that erupted in several Turkish cities over the course of the weekend.
In some of these demonstrations, which were quite small, you did see demonstrators in some cases setting fire to Chinese flags and in one case
pursuing East Asian visitors in a tourist magnet part of Istanbul, Turkish riot police stepping in to protect those visitors. And one of them then
turned as she was fleeing to cameras and listen to what she had to say.
(BEGIN VIDEO CLIP)
UNIDENTIFIED FEMALE: I'm not Chinese. I'm not Chinese. I'm Korean.
WATSON (voice-over): Some Turks have been objecting to what they claim is China's mistreatment and discriminating policies against China's ethnic
Uighur minority, which also happens to be Muslim. The Turkish government last week, its foreign ministry sent a statement to the Chinese
authorities, expressing concern over reports of an alleged ban on Ramadan, the Muslim month of Ramadan, in China's Western Zhenjiang province that the
Uighurs come from.
(END VIDEO CLIP)
WATSON: Now the Chinese government has vehemently denied that there are any policies against Ramadan. It claims that there is freedom of religion
enshrined in China's constitution. However, we've seen on some local government websites in Zhenjiang instructions to local administrators to
prevent students, to prevent civil servants and Communist Party members from fasting during the Muslim month of Ramadan. And this is creating a
buildup in tensions between Turkey and China because many Turks have close cultural religious and ethnic links to China's Uighur minority -- Ivan
Watson, CNN, Beijing.
(END VIDEOTAPE)
CURNOW: Thanks, Ivan, for that report.
On a lighter note, though, from Europe, the newest member of the British royal family, Princess Charlotte, has been christened. The service was an
intimate affair at a church on the Queen's estate in Norfolk. Charlotte is the second child of Prince William and Catherine, the Duchess of Cambridge
and she is fourth in line to the throne. What a sweetie pie.
Well, that does it for us here at the INTERNATIONAL DESK. I'm Robyn Curnow. Don't go anywhere. "WORLD SPORT" with Alex Thomas is up next.
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