25/10/2011 BBC News at Ten


25/10/2011

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Concern mounts over Europe's ability to solve its debt crisis

:00:07.:00:11.

ahead of a crucial summit in Brussels tomorrow. With less than

:00:11.:00:15.

24 hours to go, it is feared that European leaders may fall short of

:00:15.:00:18.

a comprehensive plan to save the euro-zone's struggling economies

:00:18.:00:23.

and return confidence to world markets. One key sticking point,

:00:23.:00:26.

Italy. It is coming under increasing pressure to cut its

:00:26.:00:29.

massive deficit. We will be assessing if a deal can be done by

:00:29.:00:35.

tomorrow. Also: Buried in secret in the Libyan desert. An inglorious

:00:35.:00:41.

end for Colonel Gaddafi, five days after he was killed.

:00:41.:00:46.

Allah! Eight two week-old baby pulled from the rubble in Turkey,

:00:46.:00:51.

to hope as rescues try to find more survivors after the devastating

:00:51.:00:54.

earthquake. Prince Charles says he is

:00:54.:00:57.

determined to do his bit during the economic downturn for deprived

:00:57.:01:03.

areas. Just to see if there is a way to help generate new hopes and

:01:03.:01:08.

aspirations. Bollywood turns to a superhero to take on Hollywood as

:01:08.:01:12.

it premieres in London what is billed as its most expensive film

:01:12.:01:17.

to date. Coming up in Sportsday: All of the

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Carling Cup action, including Manchester United's bid to bounce

:01:21.:01:31.
:01:31.:01:43.

back from their humiliating defeat Good evening. Concern is mounting

:01:43.:01:47.

that European leaders will fail to reach agreement on a comprehensive

:01:47.:01:50.

solution for the euro-zone crisis at a summit tomorrow. The

:01:50.:01:53.

discussions in Brussels may now only agreed broad principles.

:01:53.:02:00.

Tonight, attention is focused on Italy, which is during the day, the

:02:00.:02:04.

Governor of the Bank of England, Mervyn King, added to the gloom by

:02:04.:02:08.

saying that any deal reached by European leaders would create only

:02:08.:02:13.

a breathing space of up to two years.

:02:13.:02:16.

Tomorrow's summit has been billed as one of the most important

:02:16.:02:21.

meetings in the European Union's history. However, as yet, there is

:02:21.:02:25.

no clear agreement on how to sort out the euro-zone crisis and the

:02:25.:02:30.

clock is ticking. And new problems keep emerging. Today, the focus was

:02:30.:02:35.

on Italy. Silvio Berlusconi may be all smiles, but he is in trouble.

:02:35.:02:39.

France and Germany have demanded he draw up a detailed plan of how he

:02:39.:02:44.

intends to slash spending and to deliver it no later than tomorrow's

:02:44.:02:48.

summit. Silvio Berlusconi bitterly resents being told what to do. But

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France and Germany both know that for any deal to be convincing, it

:02:53.:02:58.

has to explain what would happen to a bigger economy like Italy if it

:02:58.:03:03.

ran into difficulty. Sure, the main bail out fund may be increased to

:03:03.:03:07.

as much as one trillion Euros, but even that would not be enough. That

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is why Italy is being told to make radical reforms. This is the

:03:12.:03:18.

Italian problem. It has debts of 1.8 trillion Euros. Its debt, as a

:03:18.:03:24.

percentage of GDP, is over 118%. And its growth is flat. But the

:03:25.:03:28.

papers in Italy are full of the bad blood between the Italian leader

:03:28.:03:32.

and his French and German counterparts. It stems from this

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moment at the weekend, when the two leaders were asked whether they

:03:35.:03:43.

felt reassured by having met Mr Berlusconi. The glances and

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smirking insulted many Italians. Even the Italian President has

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complained. It led to this Brussels official having to insist that no

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insult was intended towards Italy. TRANSLATION: People using the word

:03:57.:04:02.

demand, requirement, humiliation. But there is no humiliation

:04:02.:04:12.
:04:12.:04:16.

involved. When Silvio Berlusconi suggested raising the retirement

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age to 6767, they said it was impossible. Tomorrow, the German

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parliament will vote on increasing the firepower of the main bail out

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fund. Even here, there are concerns that it could lead to pressure on

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the European Central Bank. TRANSLATION: We mustn't allow an

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understanding to develop where politicians come to expect

:04:44.:04:49.

something from the ECB. Even if the EU get so all of these hurdles by

:04:49.:04:59.
:04:59.:05:00.

tomorrow, the question is whether any deal will work in the long term.

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The aim is to create a year or two's breathing space, but the

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other problems need to be resolved. Not only are new difficulties

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emerging, but officials are struggling to reach agreement on

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the most basic questions, how to reduce group debt and how to boost

:05:15.:05:25.
:05:25.:05:25.

the firepower of the main bail out So, what sort of deal our European

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leaders hoping to reach? And will it restore confidence, even if it

:05:32.:05:35.

is reached? The eurozone economy and European

:05:35.:05:39.

markets, a configuration in the making that threatens to score

:05:39.:05:43.

chance Gardaworld. How to put it out? Well, with a bold and

:05:43.:05:47.

expensive rescue package for the eurozone, which has been promised,

:05:47.:05:50.

although delivery is proving fraught. One thing European leaders

:05:50.:05:54.

have already agreed is how to strengthen banks. They will be

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forced to raise around 110 billion euros of capital in total, as

:05:58.:06:02.

protection against losses on their loans to countries like Greece,

:06:02.:06:08.

which had enormous debts. Germany's Deutsche Bank, a giant global bank

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which runs investment banking from the City of London, is one of those

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expected to raise billions in new capital against the risk that the

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likes of Greece and Italy do not repay all that they owe. But what

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about Britain's big banks? Well, they are perceived to be strong

:06:25.:06:30.

enough. Good news for taxpayers. To save the euro-zone, an emergency

:06:30.:06:36.

bail out fund needs a big boost. The European financial stability

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facility's 440 billion euros are being depleted by the rescues of

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Greece, Portugal and Ireland and by finance it may have to provide two

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bands. There are only 250 billion euros left in the kitty. That is a

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worry, because the Italian government on its own could need to

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borrow all of that 250 billion euros next year, in the not

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impossible event that lenders refuse to lend any more. There is a

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complicated plan to give emergency fund more bang for its bark. But it

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is a long way from being nailed down. The outstanding debt of Italy

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and Spain, it is about to 0.2 trillion. This is what markets are

:07:15.:07:21.

looking out for. It's the size we would need. But even with the most

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likely outcome tomorrow, we will not reach that size. That is why

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financial markets will most likely be disappointed. The need to cut

:07:29.:07:34.

Greek debts has become more urgent. Its economy, beset by more should -

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- strikes, is its shrinking fast under the weight of debts. The

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answer, according to euro-zone leaders, is for banks to write off

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60% of what they are owed by the Greek government. But banks are

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resisting. So, what will happen if euro-zone leaders fail to announce

:07:50.:07:54.

a boulder bath rescue package? it becomes impossible to reach

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agreement on key measures, and all we get is a series of platitudes

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and complex, unwieldy, difficult to understand proposals, I think the

:08:07.:08:12.

implication is that the markets will take that quite badly.

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financial markets, panic spreads like a forest fire. Eurozone

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leaders need to douse this one before it consumes all in its path.

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In a moment, we will be talking to our political editor Nick Robinson.

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First, let's speak to Gavin Hewitt in Brussels. Less than 24 hours to

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go, what hope of a deal? Well, there is a working group of

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officials still working now. There is no agreement yet. In this town,

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hopes are fading of a Big Bang, a comprehensive solution. There are

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still sticking points. Chief amongst them is how to reduce group

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debt and how to get banks to take losses, agree to losses of up to

:08:54.:08:58.

60%. That has not been resolved. The most at the moment we will get

:08:58.:09:03.

tomorrow, I think, is an agreement in principle. What we probably will

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not get are the hard numbers. We've got all that key detail that the

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markets will be looking for. At the moment, that looks pretty elusive.

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David Cameron was determined to be at this summit tomorrow. What does

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he hope to achieve? One thing he is not going to achieve is to be we

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put this at some new deal. -- to be witnessed at some new deal. That

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has already been written off. There will be movement, but not a deal

:09:31.:09:34.

tomorrow night. The Prime Minister sees his role as from the sidelines.

:09:35.:09:40.

That is where Britain finds itself on this eurozone crisis. It is

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saying, you have to sort this out, you have to take big enough

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measures, including trillions of pounds, to avoid this problem

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happening again. He is there for a third reason, to say, I am here and

:09:54.:09:58.

I should be here. In other words, those leaders of countries that are

:09:58.:10:03.

not in the eurozone have a right to be consulted because they are in

:10:03.:10:06.

the EU. That is what led to his fight at the last summit with

:10:07.:10:11.

President Sarkozy of France. David Cameron was ready to cancel a

:10:11.:10:16.

foreign trip, simply to be there tomorrow night. Just 24 hours ago

:10:16.:10:19.

he faced the rebellion in the Commons over Europe. How will that

:10:19.:10:23.

affect his position tomorrow? Tomorrow, I don't doubt there will

:10:23.:10:29.

have their mind on that. He was not helped in the morning after their

:10:29.:10:32.

night before in the house of Commons, when Nick Clegg warned

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Tories that he would not tolerate what he called a smash-and-grab

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raid across the Channel to get powers back from Brussels towards

:10:41.:10:48.

Westminster. That has poured salt in David Cameron's wounds. At risk

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of mixing my metaphors, the Prime Minister talked about the eurozone

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having a chilling effect on the British economy. What we are also

:10:55.:11:02.

seeing is that Europe is heating up British politics. Thank you both

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very much. Five days after he was killed,

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Libya's National Transitional Council says that Colonel Gaddafi

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has been buried with his son, Mutassim, at a secret location in

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the Libyan desert. Their bodies had been on public display at a meat

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storage facility in his rata since they were killed last week.

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These pictures, broadcast by the Dubai-based TV channel, report to

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show the bodies of Colonel Gaddafi and his son being prepared for

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burial. It is the only footage that has so far emerged, claiming to

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show elements of the former dictator's secret funeral. A convoy

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of cars arrived at night, at the complex where his corpse had been

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on grisly display. Then they left, for an unknown destination in the

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desert. After days of disagreement over when and where to bury the

:11:57.:12:01.

body, the spectacle in the refrigerated meat container was now

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finally over. Symbols are potent bargaining chips in the new Libya.

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This giant fist once did in Colonel Gaddafi's Tripoli compound. Now it

:12:12.:12:17.

has been brought back here to Misrata, where the fighters who

:12:17.:12:20.

mooted it show it as a sign of their achievement. Colonel

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Gaddafi's body was the ultimate war trophy. The five days of wrangling

:12:25.:12:29.

over its burial were signs of the intensive political positioning

:12:29.:12:35.

that is now going on behind the scenes. As the victors argue over

:12:35.:12:40.

the spoils, defeated loyalists are getting used to a new reality. This

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man was a trusted cleric under the deposed regime. Now a prisoner, he

:12:44.:12:48.

was amongst those who prepared the body for burial. Colonel Gaddafi's

:12:48.:12:54.

followers have only one option now, he says. They want to live good. It

:12:54.:13:02.

has to change. Everything is clear now. The end of Gaddafi, it means a

:13:02.:13:10.

new life. But it is not going to be easy. In Misrata, very slowly, life

:13:10.:13:13.

is beginning to get back to normal as people change from their

:13:13.:13:19.

military fatigues, back into civilian clothes. The real

:13:19.:13:22.

revolution starts here, this man told me, after the death of Colonel

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Gaddafi. This is the peaceful revolution that we started back in

:13:26.:13:34.

February. But the scale of the task is daunting. Reconstruction,

:13:34.:13:37.

reconciliation and that rebuilding of a plural political system from

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scratch. The road ahead will be a Two people have died in the Irish

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Republic after flooding caused by torrential downpours. A woman's

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body was found in a flooded basement and a policeman was swept

:13:52.:13:57.

away as a river burst its banks in County Wicklow. In Dublin, one of

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the main shopping centres was flooded after a month's rain fell

:14:00.:14:03.

in 24 hours. Prince Charles says he's determined

:14:03.:14:07.

to do his bit to help some of the most deprived parts of the country

:14:07.:14:11.

during the economic downturn. During a visit to Burnley in

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Lancashire, he told the BBC that he will do what he can to boost

:14:14.:14:18.

regeneration in some of England's most deprived towns. Mark Easton

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has been to find out what help and support the Prince can offer.

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No one could accuse Prince Charles of choosing an easy place to try to

:14:29.:14:32.

turn around. Burnley were struggling even in the boom years,

:14:32.:14:37.

with thousands moving away to look for work, whole streets boarded-up,

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windows and doors decorated to disguise the desolation. The heir

:14:42.:14:45.

to the throne will today make sure and the inevitable supermarket

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trolley, from the old mill town's canals. This is the Prince's fourth

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visit to Burnley in just six years. When he first came, he was so

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shocked by the social deprivation he encountered that he effectively

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decided to adopt the town. 12 of his charities are now working in

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Burnley together, a model the Prince believes could be used

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across the country. I realise people are suffering a terribly

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difficult time but some of us are trying to do something and the

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point of what we are trying to do here is to see if there is a way of

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tackling many of the issues that have led to sometimes a sense of

:15:25.:15:29.

hopelessness and despair that it will always be like this. It is a

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sense that is commonplace in Burnley, even among some of the

:15:33.:15:39.

young people at a club set up by the Prince's charity. It will be a

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big challenge to turn it around, trying to get the people who don't

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want to do good for themselves to get them to come to places like

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this and get motivated for work. 19-year-old Sam is an example of

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what is possible. After leaving school, he was homeless and

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virtually unemployable. Now come up with help from the Prince's Trust,

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he is a trained boiler engineer at today he shook hands with the

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future king. Confidence. Rebuild myself. That is what they did for

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me. Help me along the way. That mixture of business, charity, local

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entrepreneurs, some people call that the "big society", but do you

:16:22.:16:27.

think that is the way to get community...? Yes, I have been

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trying to do that for 30 years. It is the most powerful way of

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ensuring you get something more sustainable and lasting. This felt

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making workshop, another of his initiatives, echoes the traditions

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of the cotton mills of Burnley's heyday. The Prince believes the

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answers to the future are to be found in the past.

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Is it about self-confidence? That is the point. You can use the

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existing identity of a place to build that confidence and hope.

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There is optimism in the Prince's tone, not merit in the mood of many

:17:05.:17:13.

of Burnley's residents. -- not repeated. There is work to do.

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Coming up on tonight's programme: Celebrating change, but what now

:17:17.:17:27.
:17:27.:17:27.

for Tunisia the first Arab Spring nation to hold elections?

:17:27.:17:30.

Two days after the massive earthquake that hit Turkey killing

:17:30.:17:33.

at least 432 people, its government has changed its mind and decided to

:17:33.:17:40.

accept foreign aid to cope with the aftermath. -- At least 459 people.

:17:40.:17:43.

Thousands of people in the east of the country are in desperate need

:17:43.:17:50.

of shelter after their homes. Today rescuers managed to save a two-

:17:50.:17:53.

week-old baby who was trapped with her family for two days beneath

:17:53.:17:57.

tons of rubble. Daniel Sandford reports from the city of Ercis, one

:17:57.:18:01.

of the worst hit areas. A third day of this rescue

:18:01.:18:08.

operation began in the best possible way. A 16 day-old baby was

:18:08.:18:12.

gently brought out through a tiny hole in the broken concrete.

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APPLAUSE. Azra Karaduman was premature. She had been born a

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month early. Two weeks into her life, she had only just escaped

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death. With the tiny baby now safely on its way to hospital,

:18:31.:18:34.

rescue was a working hard to bring out through the same small gap its

:18:34.:18:41.

mother and its grand mother. Both are still alive. In the crowd,

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sheltering from the cold and rain, we found the baby's grandfather,

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Ahmet Karaduman, nervously waiting for news of his wife and daughter.

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TRANSLATION: At the moment it struck, my wife and daughter were

:18:56.:19:01.

with me but the baby was in another room. We ran to leave the building

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but the other two rushed back to get the baby. For two days, I have

:19:06.:19:12.

been waiting for a miracle. For the next two hours, the rescue team

:19:12.:19:15.

slowly expanded a hole in the rubble, working their way towards

:19:16.:19:22.

the trapped women. They can't move down there, the man

:19:22.:19:26.

who brought the baby out told me, and they have been there for almost

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two days. Then, the breakthrough. Azra's

:19:32.:19:36.

mother, Semiha Karaduman, was brought up and carefully carried

:19:36.:19:44.

down to safety. 10 minutes later, the baby's grandmother followed.

:19:44.:19:52.

She was also alive. Azra Karaduman is now safely in incubator and has

:19:52.:19:56.

been taken away for treatment to a specialist hospital. Doctors say

:19:56.:20:00.

she is doing well, better-than- expected, but her family isn't

:20:00.:20:04.

complete. Her father has not been heard from since the earthquake

:20:04.:20:14.
:20:14.:20:16.

struck. Like hundreds of others, he is still under the rubble.

:20:16.:20:18.

The Football Association has launched an investigation into

:20:18.:20:21.

allegations that John Terry made racist remarks in a Premier League

:20:21.:20:24.

match on Sunday. The Chelsea captain denies racially abusing

:20:24.:20:28.

Queens Park Rangers' Anton Ferdinand. He says he is looking

:20:28.:20:31.

forward to the FA clearing his name. Manchester City have fined Carlos

:20:31.:20:35.

Tevez four weeks' wages for misconduct. The club say the

:20:35.:20:38.

Argentinean striker refused to warm up as a substitute during a

:20:38.:20:41.

Champions League match against Bayern Munich last month.

:20:41.:20:44.

In Tunisia, the country's main Islamist party has taken the lead

:20:44.:20:49.

after the country's first ever democratic election. It follows the

:20:49.:20:52.

Arab Spring revolts that swept the Middle East and North Africa at the

:20:52.:20:57.

start of this year. Allan Little reports from the capital, Tunis, on

:20:57.:21:07.
:21:07.:21:08.

how the moderate Islamists will It was, they claim, reward for

:21:08.:21:12.

years of illegal resistance to dictatorship. Ennahda was banned

:21:12.:21:16.

under the old regime and it is now the leading voice in the shaping of

:21:16.:21:22.

Tunisia's future. They insist they don't want an Islamic state, but an

:21:22.:21:28.

open, secular, democratic republic. We are a political party, not a

:21:28.:21:34.

religious party, just like the Christian Democrats in Germany. The

:21:34.:21:39.

inspiration for our values and principles is our faith, Islam, but

:21:39.:21:44.

we are very much concerned to address the modern, daily concerns

:21:44.:21:49.

of the Tunisians. Religion and secularity, tradition and modernity

:21:49.:21:54.

walk side by side. Ennahda say there are no plans to force women

:21:54.:21:59.

to dress conservatively. On the contrary, gender equality in the

:21:59.:22:06.

workplace is one of their policies. What then is his limits and here? -

:22:06.:22:11.

- Islamism? When you ask people why they voted for Ennahda, they talk

:22:12.:22:16.

about honesty in public life, the need for a government that will not

:22:16.:22:21.

steal from the people. That is the reputation Ennahda built up

:22:21.:22:25.

underground. They've voted for them not because they want an Islamic

:22:25.:22:29.

state, they voted for them because they wanted a clean break from the

:22:29.:22:34.

corruption of the old dictatorship. In the wealthier more secular

:22:34.:22:38.

quarters of Tunis, there is no great alarm but behind the smiles,

:22:39.:22:44.

some wonder whether Ennahda is a wolf in sheep's clothing. Will make

:22:44.:22:50.

use power to subvert democracy? are kind of afraid of them. In

:22:50.:22:55.

Tunis we are optimistic people. We are educated and it is going to

:22:55.:23:02.

be... All right. The defeated sickest parties say there -- the

:23:02.:23:07.

defeated secular parties say their job is to now a POS. If we leave

:23:07.:23:14.

Ennahda alone, I think that the secular basis of our debate will

:23:14.:23:19.

quickly changed. To what? To the debate of religious vision of the

:23:19.:23:28.

state. And it will be very, very big catastrophe. But something new

:23:28.:23:32.

is being born here. A democracy in the Arab world. There is much

:23:32.:23:39.

promise in that and great optimism. It is being billed as the most

:23:39.:23:43.

expensive film ever made by Bollywood. Ra. One is India's

:23:43.:23:46.

answer to Hollywood's superhero films and draws heavily on American

:23:46.:23:50.

style and marketing tactics. It was partly shot in Britain and

:23:50.:23:54.

premiered in London tonight. But David Sillito asks whether

:23:54.:23:56.

Bollywood can really take on Hollywood when it comes to

:23:56.:24:06.
:24:06.:24:11.

Standing on the red carpet, with Shah Rukh Khan, you really can feel

:24:11.:24:19.

the love. An Indian megastar, the king of Bollywood, and I must the

:24:19.:24:24.

fans, devotees from Belgium, Morocco... He kissed me! Oh my

:24:24.:24:34.
:24:34.:24:36.

Bollywood has long sought to expand its audience abroad but Ra.One, a

:24:36.:24:39.

movie laden with effects, it is an area which has until now been pure

:24:39.:24:44.

Hollywood. And despite all the noise and adulation, there are

:24:45.:24:51.

nerves. I think it is the genre, the first time we are doing a genre

:24:51.:24:56.

which is a little superior kind of genre because it has not been done

:24:56.:25:02.

before. This is quite a shift for the Indian film industry? Yes, I

:25:02.:25:07.

think so, and it is very scary and nerve-racking. You can't argue with

:25:07.:25:16.

such star power, so why are they meddling with the formula? Ra.One

:25:16.:25:21.

may be a reference to a figure in Hindu mythology but there is a very

:25:21.:25:26.

different look and feel to this Bollywood product. There Arkley

:25:26.:25:31.

commercial reasons why Indian films are trying to be more like American

:25:31.:25:35.

films. A lot of people are watching Indian films from a number world

:25:35.:25:39.

and the danger is the more you try to compete against Hollywood, the

:25:39.:25:42.

more you start to lose the very thing people love about Indian

:25:42.:25:48.

films in the first place. British location, science-fiction, it is

:25:48.:25:53.

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