Browse content similar to 17/12/2011. Check below for episodes and series from the same categories and more!
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Good afternoon. A leading credit agency says that | :00:25. | :00:30. | |
it is considering downgrading the credit worthiness of six countries | :00:30. | :00:35. | |
that use the Euro. It claims that a solution to Europe's debt crisis is | :00:35. | :00:39. | |
beyond reach. The agency, Fitch, says it is not convinced that a | :00:39. | :00:43. | |
political solution can be found to the crisis, it says it is | :00:43. | :00:46. | |
considering downgrading the status of eurozone countries, including | :00:46. | :00:51. | |
Italy and Spain. Here is Joe Lynam. A few days before Christmas and the | :00:51. | :00:55. | |
shoppers are feeling the chill physically and economically. It is | :00:55. | :01:00. | |
no season of goodwill from the credit ratings agencies, the | :01:00. | :01:03. | |
companies that assess the health or otherwise of companies and | :01:03. | :01:09. | |
countries. Fimp Fitch has given its most pes mystic assessment of the | :01:09. | :01:14. | |
eurozone. Saying that the chances of finding a comprehensive solution | :01:14. | :01:21. | |
is technically beyond reach it placed Italy, Spain, Belgium, | :01:21. | :01:25. | |
Slovenia and Ireland on negative watch, meaning that the cost of | :01:25. | :01:30. | |
brogue may rise higher and thus deepening the crisis further. The | :01:30. | :01:34. | |
former Chancellor stayed was an ominous side. | :01:34. | :01:37. | |
I think that this must be taken seriously by the eurozone. So far | :01:37. | :01:41. | |
they have been in a state of denial about the nature of the crisis and | :01:41. | :01:46. | |
the extent of the crisis. The credit rating agency may be | :01:46. | :01:50. | |
right, it may be wrong, but the fact that people hold this opinion | :01:50. | :01:54. | |
it needs to be taken extremely seriously. | :01:54. | :01:56. | |
Meanwhile, countries within the eurozone as well as nine others are | :01:56. | :02:02. | |
working on a treaty to save the single currency with much tougher | :02:02. | :02:06. | |
rules for borrowing and budgets, but will it succeed? It is a | :02:06. | :02:13. | |
problem. It is an agreement to have so many issues between so many | :02:13. | :02:17. | |
countries. To have majority within all of these countries is difficult | :02:17. | :02:21. | |
to do, but the crisis is so dangerous for everyone within the | :02:21. | :02:25. | |
Euro or outside of the Euro that we should find a solution that has | :02:25. | :02:28. | |
contribute for the markets. While most Europeans are looking | :02:28. | :02:32. | |
forward to the holiday season, many do so with a sense of foreboding | :02:32. | :02:35. | |
about what is happening economically and politically all | :02:35. | :02:39. | |
around them. David Cameron has said that Britain | :02:39. | :02:43. | |
should not be afraid to call itself a Christian country. In his speech | :02:43. | :02:49. | |
to church leaders in Oxford he said that bog "morally neutral" | :02:49. | :02:52. | |
concerning issues such as the financial crisis and the terrorist | :02:52. | :02:56. | |
threat is no longer an option. The Prime Minister said that promoting | :02:56. | :02:59. | |
Christian values does not demean other faiths. | :02:59. | :03:04. | |
So, why is he saying this, Alan? recent months, Dr Rowan Williams | :03:04. | :03:08. | |
has been among those in the Church who has been critical of the | :03:08. | :03:12. | |
Government's public spending cuts. David Cameron, part lir, I think | :03:12. | :03:17. | |
has in mind in making the comments does not want his Government | :03:17. | :03:21. | |
policies to be seen at odds with Christian beliefs and valuables, | :03:21. | :03:24. | |
but there are many politicians who would not go anywhere near talking | :03:25. | :03:28. | |
about religion, but he thinks that they are wrong, that they should do. | :03:28. | :03:31. | |
Not that he believes that everyone should abChristian. He says that | :03:31. | :03:37. | |
there are similar values in most faiths and even those without a | :03:37. | :03:40. | |
faith share the same moral values, but he said after the riots in | :03:40. | :03:45. | |
August, after the MPs' expenses scandal, the excesss in the City of | :03:45. | :03:52. | |
London, even religious extremism being tolerated, as he sees it, and | :03:52. | :03:56. | |
pile being unable to speak out about it, that something must be | :03:57. | :04:01. | |
done. It chimes with when he talks about the Big Society, the greater | :04:01. | :04:06. | |
sense of compassion for people. That is where the church is coming | :04:06. | :04:11. | |
in. That it is OK for the Church to have their own say, on what is | :04:11. | :04:16. | |
being said in Government, but that they have a job to do as well. | :04:16. | :04:20. | |
More than 180 people have been killed and hundreds more are | :04:20. | :04:25. | |
missing after a storm caused floods on the Philippines island of | :04:25. | :04:29. | |
Mindano. It has been said that whole | :04:29. | :04:34. | |
villages have been swept out to sea and a large proportion of those | :04:34. | :04:40. | |
killed are children. The UK's fishing fleets face fewer days at | :04:40. | :04:45. | |
sea but bigger catch quotas. There are to be increases in cod | :04:45. | :04:48. | |
and haddock, but some fishing communities in Scotland remain | :04:49. | :04:54. | |
unhappy about the number of days that they can spend at sea. Britain | :04:54. | :04:58. | |
stayed had the support of France and Germany in battle against cuts | :04:58. | :05:02. | |
that could have been disastrous for the UK fishing fleet. One of the | :05:02. | :05:09. | |
proposals to cut cod fishermen's days at sea to a fortnight. That | :05:09. | :05:13. | |
threat is lefted, but Richard Lochhead said that big challenges | :05:13. | :05:17. | |
remain. The European approach is to not to | :05:17. | :05:22. | |
let us go to sea unless we catch cod, but we argue to go to sea, | :05:22. | :05:26. | |
avoiding the cod and catching other stock. That argument is there. It | :05:26. | :05:31. | |
is causing huge problems for Scotland and the UK as well. | :05:31. | :05:34. | |
Richard Benyon said that allowable catches for a number of species | :05:34. | :05:41. | |
would go up. Fishing in the north- east of England would double for | :05:41. | :05:45. | |
herring and haddock caught off the west coast much Scotland would | :05:45. | :05:50. | |
treble. Some fishing stock in some areas has been covered well, but it | :05:50. | :05:54. | |
is a complicated picture. Within the last few minutes in Edinburgh, | :05:54. | :05:59. | |
Labour has elected its new leader in Scotland. Let me show you the | :05:59. | :06:04. | |
live pictures coming from there. That is Johann Lamont who has won | :06:04. | :06:09. | |
from among three candidates. She says that her priorities are | :06:09. | :06:13. | |
tacklingout unemployment, creating jobs, growing the economy and | :06:13. | :06:16. | |
providing support for carers. It is the busiest shopping weekend | :06:16. | :06:22. | |
of the year as millions head out to finish off or in some cases start | :06:22. | :06:26. | |
our Christmas present shopping. It is estimated that the tills are to | :06:26. | :06:31. | |
ring at over �1 million a minute today. Our correspondent is in | :06:31. | :06:35. | |
London's Covent Garden this lunch time. How busy is it there Rebecca? | :06:35. | :06:40. | |
Well, the retailers are pulling out the stops to attract the shoppers | :06:40. | :06:45. | |
this weekend. Who could miss out on the opportunity to meet these chaps | :06:45. | :06:49. | |
this weekend? 11 million are expected to hit the shops here | :06:49. | :06:54. | |
today. It is estimated we will spend up to | :06:54. | :06:59. |