Browse content similar to 08/12/2011. Check below for episodes and series from the same categories and more!
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Tonight, as we go on air, the late nice horse trading and briefing has | :00:08. | :00:11. | |
begun in Brussels. It is the most perilous moment for the European | :00:11. | :00:16. | |
Union, since it was founded as the great bulwark against future | :00:16. | :00:19. | |
war.forged out of post-war Europe. But do today's leaders really have | :00:19. | :00:24. | |
a plan that can save us from what Sarkozy described today as Europe | :00:24. | :00:25. | |
Sarkozy described today as Europe exploding. | :00:25. | :00:30. | |
Home to a welcome he will never forget. David Cameron said he will | :00:30. | :00:36. | |
wield the veto to protect Britain's interest, already two of his | :00:36. | :00:40. | |
backbenchers offensively compared him to Neville Chamberlain, who | :00:40. | :00:44. | |
appeased Hitler. We will be live at the summit and with politicians and | :00:44. | :00:47. | |
bankers from across Europe. Also today, extreme weather ripped | :00:47. | :00:50. | |
through Scotland and northern England, shutting schools, | :00:50. | :00:55. | |
businesses and bridges and airports, with winds up to 165 miles an hour. | :00:55. | :00:59. | |
Later in the programme we will be joined by John Prescott, just back | :00:59. | :01:03. | |
from the climate change conference in Durban, to discuss with the | :01:03. | :01:06. | |
climate minister whether politicians are blowing cold on | :01:06. | :01:13. | |
their global warming commitments. Do you know this voice? | :01:13. | :01:20. | |
butterflies, high-flyers on high winds, invisible to us they plane | :01:20. | :01:27. | |
and soar. Beyond our minds' troubled conventioning. The man | :01:27. | :01:32. | |
described as the greatest living poet, who has given a rare | :01:32. | :01:42. | |
:01:42. | :01:46. | ||
interview to Newsnight. Europe is a maelstrom, and tonight | :01:46. | :01:50. | |
Angela Merkel warned that national interests and egos have to be put | :01:50. | :01:54. | |
aside. Straight away there was discord when President Sarkozy and | :01:54. | :01:57. | |
Angela Merkel failed to agree David Cameron's demands for protection | :01:57. | :02:02. | |
for financial services in support of a new treaty. The mood music | :02:02. | :02:08. | |
from the European Central Bank, Mario Draghi, didn't lift spirits | :02:08. | :02:13. | |
today, he revealed the bank wouldn't be stepping up to buy | :02:13. | :02:18. | |
bonds any time soon. Once a dream to some, the prospect of a | :02:18. | :02:21. | |
disunited Europe could be a nightmare. We're in Brussels. What | :02:21. | :02:26. | |
is the latest you are hearing? latest is they have finished dinner, | :02:26. | :02:29. | |
that has taken the usual form of people delivering their prepared | :02:29. | :02:33. | |
views, as it were, now they are getting into the more serious face- | :02:33. | :02:38. | |
to-face negotiations. This is either the sixth or eighth of the | :02:38. | :02:43. | |
save the euro summit, depending on how you wish to count them. It is | :02:43. | :02:45. | |
interesting how the rhetorical handle has to be cranked each time, | :02:45. | :02:51. | |
to suggest the end of the world is nigh. There really is a very | :02:51. | :02:55. | |
serious crisis out there hearing some of the language used by | :02:55. | :02:59. | |
President Sarkozy today, it went to new rhetorical extremes, talking | :02:59. | :03:03. | |
about the disintegration of the whole European project. It is | :03:03. | :03:07. | |
interesting that it isth seems to be the feeling that kind of | :03:07. | :03:11. | |
language is necessary, in order to get some of the leaders here to | :03:11. | :03:16. | |
focus, to set aside, certain national priorities in the common | :03:16. | :03:20. | |
good. And the very fact that this has been going on for as long as it | :03:20. | :03:24. | |
has, in the view of many bankers and diplomats, drawing out the | :03:24. | :03:28. | |
crisis and making it cost a lot more to solve, is evidence of | :03:28. | :03:31. | |
profound dysfunction at the heart of the European Union, and in that | :03:31. | :03:36. | |
sense, some of the rhetoric about how this is the most serious crisis | :03:36. | :03:42. | |
since the organisation came into being, does seem to have foundation. | :03:42. | :03:46. | |
Two-speed Europe, the term has been bandied about before, but the | :03:46. | :03:51. | |
divide between those in and out of the euro is deepening. The | :03:51. | :03:57. | |
formation of the European Economic Community in 1957 was meant to stop | :03:57. | :03:59. | |
nationalism destroying the continent again. | :03:59. | :04:05. | |
And to bring unity in its wake. But today, national interest appears to | :04:05. | :04:08. | |
condition responses to the euro crisis. | :04:08. | :04:11. | |
The people of Europe, the Governments of Europe, really, have | :04:11. | :04:17. | |
got to come to terms with that, that a degree of integration, maybe | :04:17. | :04:21. | |
something like the degree we have got, or maybe a little bit less | :04:21. | :04:25. | |
than that, but a degree of integration can be made to work. | :04:25. | :04:30. | |
But the ever-closer union, and to eventually have political unity, | :04:30. | :04:35. | |
although of a federal nature, that is not going to happen. | :04:35. | :04:42. | |
So the leaders convened tonight for their umpteen th attempt to resolve | :04:42. | :04:48. | |
the European crisis, Chancellor Merkel of Germany was pushing her | :04:48. | :04:51. | |
wishes of further fiscal integration with treaty changes. | :04:51. | :04:55. | |
TRANSLATION: What is important to me is the euro will get back its | :04:55. | :04:59. | |
credibility and we can change the treaties in a way that will help | :04:59. | :05:02. | |
the euro lead us into a stable future. She and President Nicolas | :05:03. | :05:06. | |
Sarkozy, have hammered out a measure of agreement between them, | :05:06. | :05:11. | |
and say they will push ahead with just the 17 eurozone countries, if | :05:11. | :05:14. | |
need be. They could be trying to intimidate Britain and other | :05:14. | :05:19. | |
outsiders from getting in the way. For the UK then, the dilemma now is | :05:19. | :05:21. | |
how to protect national interests from the margins. | :05:21. | :05:27. | |
It is about making sure that the UK is in the room when decisions on | :05:27. | :05:33. | |
the single market are taken, that goes beyond the City of London and | :05:33. | :05:37. | |
the financial sector, it is about pushing forward with a common | :05:37. | :05:42. | |
energy policy, a single digital market. No, no, no. Of course, | :05:42. | :05:46. | |
Margaret Thatcher wasn't afraid of standing in the way of federal | :05:46. | :05:51. | |
Europe, in fact, she revelled in it. That didn't result in exclusion, | :05:51. | :05:55. | |
and indeed, many Conservatives were not afraid of being kept out of | :05:55. | :05:57. | |
certain European conversations any way. | :05:57. | :06:03. | |
As for Cameron being isolated, neither here nor there, the Foreign | :06:03. | :06:09. | |
Office is always wet, they hate being isolate -- isolated, they | :06:09. | :06:11. | |
hate discussions going on in any room where they are not present. | :06:11. | :06:15. | |
The best thing is not to be present in the meetings, you don't want to | :06:15. | :06:18. | |
be worried about that sort of thing. For David Cameron, the desire not | :06:19. | :06:23. | |
to be painted as the summit's wrecker will be balanced by the | :06:23. | :06:26. | |
home political advantage that he may gain from being seen as a | :06:26. | :06:30. | |
defender of national interests. But that's not so different from the | :06:30. | :06:33. | |
others. Everyone wants different things, | :06:33. | :06:36. | |
sometimes it is like playing chess against 26 different people, rather | :06:36. | :06:40. | |
than just one person, I'm not that good at chess any way, I will be | :06:40. | :06:43. | |
doing my best for Britain, and I hope, if we get a good deal, that | :06:43. | :06:48. | |
will be good for Britain f I can't get what I want, I will have no | :06:48. | :06:52. | |
hesitation in vetoing a treaty at 27, I'm not going to go to Brussels | :06:52. | :06:56. | |
and not stand up for our country. For decades, European vision rees | :06:56. | :07:01. | |
extoled an ever-closer process of integration, in which national | :07:01. | :07:05. | |
differences would be subsumed in the common interest, and the | :07:05. | :07:09. | |
members of the EU would stand so close together that their positions | :07:09. | :07:17. | |
would become almost intis tinge girbable., -- indistinguishable. | :07:17. | :07:23. | |
But national leaderships are answerable to this lot, national | :07:23. | :07:26. | |
electorates. There have been many points in the past where national | :07:26. | :07:30. | |
interests and that of the EU have come into conflict. What has | :07:30. | :07:33. | |
happened recently is the economic crisis has exacerbated those | :07:33. | :07:37. | |
tensions, and this week, even countries that aspire to leadership | :07:37. | :07:41. | |
of the wider block, France and Germany, have been forced to | :07:41. | :07:45. | |
acknowledge that unity could crumble and that a two or even | :07:45. | :07:50. | |
multispeed Europe may result. In the fight to save the single | :07:50. | :07:53. | |
currency, German national interests have remained at the forefront, | :07:53. | :07:56. | |
quite quit, you might say, given how much of the bill they are | :07:56. | :08:02. | |
paying. But one reason that the eurozone crisis has grown so severe, | :08:02. | :08:05. | |
is national concerns have frustrated common action. Firstly, | :08:05. | :08:09. | |
I think euro-sceptics in our country make the mistake that they | :08:09. | :08:16. | |
seem to think that British separatisim means we are the only | :08:16. | :08:20. | |
ones standing up for the national interest. In all European | :08:20. | :08:24. | |
negotiations every member-state stands up for their national | :08:24. | :08:28. | |
interest, they have to all answer their own electorate. Chancellor | :08:28. | :08:33. | |
Merkel is in that position and is that is why's in a difficult | :08:33. | :08:38. | |
position. What might the community's kounders make of the | :08:38. | :08:43. | |
summit -- founders make of the summit. Given the sluggish way the | :08:43. | :08:51. | |
eurocrisis has been dealt with, they might vau depressing | :08:51. | :08:55. | |
conclusions. We know there was an early rebuff with the meeting | :08:55. | :08:58. | |
between Angela Merkel and Nicolas Sarkozy and David Cameron tonight. | :08:58. | :09:02. | |
What is the position tonight? of reTateing their position. The | :09:02. | :09:05. | |
centralish -- restating their position. The central issue that | :09:05. | :09:11. | |
has to be solved in the UK context is that of trying to drive away the | :09:11. | :09:15. | |
proposal tabled earlier this week by the French and Germans, of | :09:15. | :09:18. | |
harmonising tax arrangements, with the idea of a financial | :09:18. | :09:21. | |
transactions tax. That is clearly something the UK regards as being | :09:21. | :09:24. | |
dangerous, potentially to the City and its position in global finance. | :09:24. | :09:31. | |
In a way, you can say, that finding some sort of language, that allows | :09:31. | :09:34. | |
David Cameron to let the eurozone people do the core business their | :09:34. | :09:38. | |
way, and safeguard the UK national interest, is not the most difficult | :09:38. | :09:45. | |
of the problems that this summit faces. At its core are these | :09:45. | :09:48. | |
different distinctive positions of Germany and France about how this | :09:48. | :09:52. | |
issue should be solved. We have heard earlier this evening that | :09:52. | :09:55. | |
some language put forward in a draft document, that put forward a | :09:55. | :10:02. | |
way through this one could say in a way more friendly to the French | :10:02. | :10:06. | |
position, or tried to bridge the gap and create this big bazooka | :10:06. | :10:10. | |
that people are talking about, this Stability Mechanism, bring it | :10:11. | :10:14. | |
forward, the implementation of it, and allow, through it, the Central | :10:14. | :10:18. | |
Bank to play more of a role in stablising the whole situation. | :10:18. | :10:21. | |
That was put forward and has been rejected out of hand by Germany. | :10:21. | :10:25. | |
That is what's reported. It is simply the case that their | :10:25. | :10:28. | |
opposition to using the Central Bank as the lender of last resort, | :10:28. | :10:32. | |
and the policeman, if you like, is so fundamental, they will not | :10:32. | :10:35. | |
compromise that point. Those are the real core issues around those | :10:35. | :10:41. | |
types of issue. In that context, the British problem, it is a | :10:41. | :10:44. | |
significant one, clearly domestically and in party political | :10:44. | :10:54. | |
:10:54. | :10:55. | ||
terms a very significant one for Mr Cameron, it ought to be solable. | :10:55. | :10:59. | |
We were talking about Angela Merkel's opposition to the ECB | :10:59. | :11:04. | |
being a lender of last resort. What was the mood music coming from | :11:04. | :11:07. | |
Mario Draghi, that he wouldn't be coming up with any more any time | :11:07. | :11:11. | |
soon? He has done some tactics, he has cut interest rates to a quarter | :11:11. | :11:16. | |
of a per cent. One FT journalist commented that is a quarter of a | :11:16. | :11:20. | |
per cent less insane than it was before. Many observers thought they | :11:20. | :11:23. | |
were crazy to raise interest rates, they have pumped a lot of money | :11:23. | :11:27. | |
into the European banking system which relaxing rules. These are | :11:27. | :11:33. | |
tactics, aggressive tactics adopted in the face of what? The German | :11:33. | :11:37. | |
banking system needs another eight billion, the banking system is | :11:37. | :11:40. | |
shaky with no strategy. The European Central Bank boss said | :11:40. | :11:43. | |
today, we are not even going to try to get around the treaty. We are | :11:43. | :11:48. | |
just not going to lend money to countries. That is the big stick | :11:48. | :11:52. | |
that is being waved over the delegates' heads now tonight in | :11:52. | :11:56. | |
that building. What exactly will the ECB be looking for, how does | :11:56. | :12:00. | |
that fit? If they say we are not doing it, that makes the European | :12:00. | :12:04. | |
Union have to, or the eurozone have to become a fiscal union before | :12:04. | :12:11. | |
they can. I think, for the owe fish nad doughs of the build -- owe fish | :12:11. | :12:17. | |
nad doughs of these dofficionados of the building, it is swinging | :12:17. | :12:21. | |
back to a fund position, a fund where tax-payers in Europe are | :12:21. | :12:25. | |
being exposed, rather than being exposed via the Central Bank. That | :12:25. | :12:29. | |
is what they are working on, who knows if tomorrow night we will be | :12:29. | :12:33. | |
swinging back to where the markets want us to be, which is the ECB, | :12:33. | :12:37. | |
lender of last resort. David Cameron had barely arrived in | :12:37. | :12:41. | |
Brussels when some of his backbenchers were Jacobiteing at | :12:41. | :12:45. | |
Westminster. Two Conservative MPs even compared him to Neville | :12:45. | :12:51. | |
Chamberlain, who, of course, tried to appease Hitler. We have had | :12:51. | :12:55. | |
enough of reading of British Prime Ministers over the last 20 or 30 | :12:55. | :12:58. | |
years, in the days preceding a summit, that they would indeed | :12:58. | :13:01. | |
stand up for British national interests, that they would ensure | :13:01. | :13:06. | |
that our interests are protected. Excuse me. I will give way. And | :13:06. | :13:12. | |
then, coming back from a summit, with a kind of Chamberlainesque | :13:12. | :13:16. | |
piece of paper, saying I have negotiated very, very hard, I got | :13:16. | :13:19. | |
opt-out from this and that, and I have succeeded in standing up for | :13:19. | :13:23. | |
British interests, and that piece of paper is not worth the paper it | :13:23. | :13:30. | |
is written on. That was Edward Leigh. David Grossman, evoking this | :13:30. | :13:34. | |
period in history is incredibly shocking? Number Ten have called it | :13:34. | :13:38. | |
offensive and ridiculous, not just for David Cameron shown as the | :13:38. | :13:41. | |
apieceer, but other people in the scenario are the person being | :13:41. | :13:50. | |
appeased, the Hitler figure. A number of backbenchers are in | :13:50. | :13:54. | |
conflict with their leader over Europe. Why does this happen? It is | :13:54. | :14:00. | |
simple. The concessions to real politic at the top are more than | :14:01. | :14:05. | |
you can stomach. The euro-sceptics, like Edward Leigh and others who | :14:05. | :14:09. | |
spoke in the Westminster Hall debate, feel utterly vindicated by | :14:09. | :14:12. | |
what has happened in the eurozone. All the predictions they made and | :14:12. | :14:16. | |
warnings they gave. They were called lunatics at the time, and | :14:16. | :14:20. | |
yet they feel utterly vindicated by what has happened. What is worrying | :14:20. | :14:23. | |
for David Cameron in all of this, is the mistrust of the European | :14:23. | :14:26. | |
project has spread to him. Why? I could give you loads of examples | :14:26. | :14:29. | |
why they feel let down by him. I will give you one. Back in October | :14:29. | :14:33. | |
when they were told not to vote for a referendum, they were told, don't | :14:33. | :14:37. | |
worry, I will go to Europe, they will have to renegotiate a treaty | :14:37. | :14:41. | |
and I will then use that as an opportunity to exercise our might | :14:41. | :14:44. | |
in that scenario, and repatriate powers. Now they are told, now's | :14:44. | :14:48. | |
not the time. It would almost be rude for us to do that. In that | :14:48. | :14:52. | |
case, what do the euro-sceptics and the backbenchers do next? If there | :14:52. | :14:56. | |
is Anne greeplt, and hearing from Mark it is not clear -- an | :14:56. | :15:00. | |
agreement, and hearing from Mark it is not clear, they will scrutinise | :15:00. | :15:04. | |
it before the Commons statement and next Thursday, I hear, that the DUP | :15:04. | :15:08. | |
might be using their opposition day debate maybe to make a bit of | :15:08. | :15:11. | |
mischief. We will see what motion they put down and how many | :15:11. | :15:14. | |
Conservatives attempt to vote for it. We will be hearing again | :15:14. | :15:18. | |
towards the programme from Mark on the latest developments. Is this | :15:18. | :15:22. | |
likely to be the start of a whole new Europe. Joining me now to | :15:23. | :15:26. | |
discuss it is the former principal economist at the European Central | :15:26. | :15:29. | |
Bank, and the British Conservative MEP, Sophie Hannah, and from | :15:29. | :15:39. | |
Brussels, I'm joined by cash Cash, I'm joined by my guests here in | :15:39. | :15:45. | |
Brussels and in the studio. Do you distance yourself from any | :15:45. | :15:48. | |
idea that there is a Chamberlainesque moment for David | :15:48. | :15:52. | |
Cameron, do you think an apology is necessary? You should be very | :15:52. | :15:57. | |
careful in this game of making ridiculous parallels, which damage | :15:57. | :16:01. | |
your case. The only parallel that I think would be a fair one is the | :16:01. | :16:06. | |
whole country, the whole establishment was backing the wrong | :16:06. | :16:10. | |
policy the CBI and the TUC, the European thing is falling to pieces, | :16:10. | :16:15. | |
to go beyond that and imply we are dealing with Hitler is ridiculous. | :16:15. | :16:20. | |
You think they both should apology guise, on the record? I think if | :16:20. | :16:24. | |
you listen to what he said, he didn't said David Cameron was like | :16:24. | :16:27. | |
Hitler, if that was his intention I'm sure he would want to take that | :16:27. | :16:31. | |
back. Tell me, you have been listening to what David Grossman | :16:31. | :16:36. | |
was saying here, this whole era, this whole way of talking about | :16:36. | :16:40. | |
Germany, it is very dangerous, isn't it? Do you know, first of all, | :16:40. | :16:46. | |
I think the whole era of talking about this has split -- and these | :16:46. | :16:49. | |
splits in the Tory Party is missing the point. Talking about Cameron | :16:49. | :16:52. | |
and the backbenchers, backbenchers reflect what their constituents | :16:52. | :16:55. | |
want them to do, the reason they are concerned about this, is | :16:55. | :16:59. | |
because the people who are coming to their surgeries are telling them. | :16:59. | :17:09. | |
:17:09. | :17:09. | ||
It is not just Conservatives, all parties supporters are angry about | :17:10. | :17:13. | |
how power has gone out to Europe. Do you think a deal can be reached | :17:13. | :17:19. | |
in the next 48 hours? I just pick up firstly on that last point about | :17:19. | :17:25. | |
democracy, these are the elected leaders of 27 democracies. It is | :17:25. | :17:28. | |
not technocrats, they are elected and accountable leaders, coming | :17:28. | :17:32. | |
together to try to deal with a common problem. In particular the | :17:32. | :17:36. | |
problem of excessive debt in a certain number of countries that | :17:36. | :17:39. | |
risks destablising the system in the eurozone and beyond. That is | :17:39. | :17:46. | |
what they are here to do. Richard n Italy and Greece elected prime | :17:46. | :17:49. | |
ministers have been toppled in favour of technocrats. That is what | :17:49. | :17:52. | |
the system has come to, in order to keep it together you have a | :17:52. | :17:56. | |
national Government with the sole purpose of doing what Europe tells | :17:56. | :18:01. | |
it to. Dan, you know perfectly well that the Greek Government was | :18:01. | :18:05. | |
toppled by the Greek political system, the Greek parliament, which | :18:05. | :18:09. | |
elected a new Prime Minister, the same in Italy. Nobody in any other | :18:09. | :18:13. | |
country can impose a Government on one of the fellow members of the | :18:13. | :18:20. | |
European Union. That is a myth. Having sorted that out, my original | :18:20. | :18:23. | |
question, do you think there can be some sort of deal, the bones of a | :18:23. | :18:29. | |
new treaty, worked out in the next 48 hours? I think they are work on | :18:29. | :18:32. | |
a package, some elements will involve decisions that can be taken | :18:32. | :18:36. | |
immediately on the basis of the existing treaties. Other decisions, | :18:36. | :18:40. | |
probably remember a treaty amendment and will take a longer | :18:40. | :18:47. | |
period of time. -- it is about which elements require a | :18:47. | :18:52. | |
fundamental change to the treaty. Will it lead to a two-speed Europe, | :18:52. | :18:56. | |
will there be the 17 and then the 10 at the moment? On questions | :18:56. | :19:01. | |
relating to the currency we already have 17 countries that share a | :19:01. | :19:04. | |
currency and ten that don't. It is natural those who share a currency | :19:04. | :19:08. | |
have to take some decisions together. They may want to take | :19:08. | :19:11. | |
more decisions together or impose more disciplines on themselves. | :19:11. | :19:15. | |
That doesn't detract from the rest of what the European Union does. | :19:15. | :19:18. | |
Even in the economic sphere, the bulk of policy making will be at | :19:18. | :19:22. | |
the level of the 27. Trade policy, competition policy, the common | :19:22. | :19:26. | |
rules for our Common Market, the world's largest single market, | :19:26. | :19:30. | |
which is so important for all of us. Let's deal with this. All that is a | :19:31. | :19:36. | |
matter for the 27. For the 17, it is perfectly possible the 17 could | :19:36. | :19:43. | |
agree a deal on a new fiscal rules, a new way of working without David | :19:43. | :19:46. | |
Cameron having any say so, that is the fact isn't it? I don't think so. | :19:46. | :19:49. | |
If you speak to anyone in the hall they tell you there is no prospect | :19:49. | :19:52. | |
of that. It would be the same as with the Social Chapter and other | :19:52. | :19:57. | |
things, the idea that they would start from scratch now, with a | :19:57. | :20:00. | |
completely new legal structure, new institutions, hiring new staff, at | :20:00. | :20:04. | |
the same time we are told we have to do this tomorrow because of the | :20:04. | :20:07. | |
immediacy of the crisis, simply not the case. Britain has an incredibly | :20:07. | :20:13. | |
strong position. If I'm wrong about that and the 17 will go ahead and | :20:13. | :20:16. | |
form a European economic Government in Richard's phrase, that is surely | :20:16. | :20:20. | |
good for Britain. It would mean the political bits of integration would | :20:20. | :20:24. | |
shift to the 17, leaving the EU as much more of a free trade area, | :20:24. | :20:28. | |
that is what my constituents would feel much more in accordance with | :20:28. | :20:33. | |
our national interest. All of this is predicated on a number of things, | :20:33. | :20:39. | |
being a former ECB banker, picking up on what Paul Mason was saying, | :20:39. | :20:43. | |
this is put together so ECB can take a bigger role and be the | :20:43. | :20:49. | |
lender of last resort? It does go together. If tonight or tomorrow we | :20:49. | :20:53. | |
hear about a move to stricter fiscal rules, it would give some | :20:53. | :20:58. | |
rules for the ECB to intervene more specifically in the bond markets. | :20:58. | :21:02. | |
What we heard from Mr Draghi today that they are not ready yet to be a | :21:02. | :21:05. | |
fully fledged lender of last resort here in the UK, from the Bank of | :21:05. | :21:09. | |
England, or in the US from the Federal Reserve. If there were | :21:09. | :21:13. | |
credible fiscal rules the ECB would be ameanable to do more than it has | :21:13. | :21:19. | |
so far. What about the idea of a separate fund, a taxpayer-funded | :21:19. | :21:23. | |
fund? Mr Draghi seems to have ruled that out, he didn't seem in favour. | :21:23. | :21:27. | |
The idea of this would be, especially if the IMF is involved, | :21:27. | :21:31. | |
then we get the conditionality, that this money is only released if | :21:31. | :21:34. | |
Governments do respect some objectives, which is one of the | :21:34. | :21:39. | |
main issues with the ECB, that it doesn't want to bail out | :21:39. | :21:42. | |
Governments. But coming to you again on that, there would have to | :21:42. | :21:47. | |
be new rules, wouldn't there, for the ECB to become the lender of | :21:47. | :21:53. | |
last resort? The ECB is the lender of last resort to banks already. | :21:53. | :21:57. | |
Qet is whether it can buy up Government debt. Remember it is an | :21:57. | :22:01. | |
independent bank, politicians can't tell it what to do. Though it does | :22:01. | :22:05. | |
take its own decisions by majority vote, internally, by the way, there | :22:05. | :22:10. | |
is no veto here, as to what it should do. In function of the wider | :22:10. | :22:14. | |
economic and political situation. I'm sure if a deal is reached now, | :22:14. | :22:18. | |
it will make it easier for the bank to do something. This is all about | :22:18. | :22:23. | |
getting the bank to become involved directly, isn't it? That is the | :22:23. | :22:27. | |
bottom line? To become more involved. It already is to a degree, | :22:27. | :22:32. | |
as you know. But actually, you know, this has to happen, doesn't it? | :22:32. | :22:37. | |
This is yet another bank bailout. This is yet another tax on ordinary | :22:37. | :22:41. | |
people, to rescue some very wealthy individuals from the consequences | :22:41. | :22:45. | |
of their own bad investments. We began by bailing out banks, now | :22:45. | :22:48. | |
whole countries, whether through a fund or printing money, it is all | :22:48. | :22:52. | |
the same thing. The EU has responded to this crisis at every | :22:52. | :22:57. | |
step with the same policy, bailout and borrow, you don't help an | :22:57. | :23:00. | |
indebted friend by pressing more loans on them. The other member | :23:01. | :23:05. | |
states of the EU are indeed lending money to those countries that have | :23:05. | :23:08. | |
excessive deficits and having problems borrowing, to give them | :23:08. | :23:13. | |
time to turn the corner. They are treating a debt crisis with more | :23:13. | :23:17. | |
debt. It is not tax-payers' money or grants, it is loans, with rate | :23:17. | :23:21. | |
of interest, so the countries get their money back with interest. | :23:21. | :23:30. | |
Every time that policy fails... plea come in. If the EC -- Marie | :23:31. | :23:35. | |
come in. If the ECB doesn't come in there is no point in a change to | :23:35. | :23:40. | |
the treaty? The ECB is the only institute that can do something now. | :23:40. | :23:45. | |
So all the cards are in Mario Draghi's hands moment? They act | :23:45. | :23:49. | |
together, the ECB takes into account what Governments agree on. | :23:49. | :23:53. | |
The fiscal rules are medium term, not an impact tomorrow. Let's look | :23:53. | :23:58. | |
at a possible outcome, would you like to see a deal done in Europe? | :23:58. | :24:03. | |
If that deal means sacrificing the prosperity of the eurozone states | :24:03. | :24:06. | |
to the maintenance of the single currency, then I think that would | :24:06. | :24:10. | |
be worse than the alternative. I think we now need an orderly | :24:10. | :24:14. | |
unbundling of the euro, we need to recognise the monetary union is the | :24:15. | :24:19. | |
disease rather than the cure and in keeping it together we are treating | :24:19. | :24:22. | |
the tumour rather than the patient. We will have more from the summit | :24:22. | :24:25. | |
later in the programme, as the leaders, we hope, start to give | :24:25. | :24:28. | |
their press conferences. In a moment we will be talking | :24:28. | :24:31. | |
about the very heavy weather in Scotland and the north of England. | :24:31. | :24:36. | |
Today it has been making headlines, and there is a red alert at the Met | :24:36. | :24:40. | |
Office, in a far off, much warmer country, talks about climate change, | :24:40. | :24:44. | |
which end tomorrow, have been less prominent on the radar. With little | :24:44. | :24:47. | |
sign of movement from the key players in Durban in South Africa | :24:48. | :24:52. | |
over the last ten days, and with the Keothavong agreement due to | :24:52. | :24:58. | |
come to -- Kyoto agreement due to come to an end next year. In a | :24:58. | :25:07. | |
moment I will put that to Lord Prescott, who negotiated the Kyoto | :25:07. | :25:13. | |
deal, and my other guest, now my science editor is with me now. | :25:13. | :25:17. | |
This is the point where the real negotiation begins with ministers. | :25:17. | :25:21. | |
There are some signs of progress. Just to remind you, climate | :25:21. | :25:25. | |
scientists will tell you if politicians want it avoid the worst | :25:25. | :25:28. | |
effects of climate change, emissions need to peak by 2020 and | :25:28. | :25:33. | |
then start to fall. Looking back two years ago to Copenhagen, the | :25:33. | :25:37. | |
broad aim of finding a global agreement with legally binding cuts | :25:37. | :25:40. | |
in emissions, that is not really what they are talking about here. | :25:40. | :25:46. | |
The aim is to find something beyond the first phase of Kyoto, it won't | :25:46. | :25:49. | |
happen in Durban, negotiators are playing a longer game now. America | :25:49. | :25:54. | |
is taking a tough position tonight. The EU has said it will agrow to a | :25:54. | :25:59. | |
second phase of Kyoto, beyond the first phase of Kyoto, if China and | :25:59. | :26:03. | |
the basic countries, the other countries, Brazil, South Africa and | :26:03. | :26:08. | |
India, if they agree now, that they will at some point, sign up to | :26:08. | :26:12. | |
legally binding targets. There is some talk of China signing up. On | :26:12. | :26:17. | |
money too there is movement. This fund to help developing countries | :26:17. | :26:20. | |
to cope with climate change, it is already processed, at this point it | :26:20. | :26:25. | |
is about who will get on to which committee rather than how the money | :26:25. | :26:28. | |
could reach vulnerable countries. Do you sense a change in mood and a | :26:28. | :26:33. | |
backing off as far as the UK is concerned? There is no tried and | :26:33. | :26:38. | |
trusted technique for moving to a low-carbon economy. That is the | :26:38. | :26:42. | |
problem. In times of economic gloom it is even harder to persuade | :26:42. | :26:46. | |
people that is a shift that is worth making. Some of the | :26:46. | :26:50. | |
coalition's messages on this have become muddy. This began with the | :26:50. | :26:53. | |
Chancellor, George Osborne's speech at the party conference, tauing | :26:53. | :26:58. | |
about moving away from this idea of vote blue, go green, what he said | :26:58. | :27:03. | |
then was the UK would cut carbon emissions no slower but no faster | :27:03. | :27:08. | |
than fellow countries in Europe. In the Autumn Statement, choose to go | :27:08. | :27:13. | |
compensate heavy industry for some of the costs of climate change | :27:13. | :27:15. | |
policies, and labels environmental policies as a burden to British | :27:15. | :27:20. | |
Industry. Those calling for a shift to the low carbon economy will say | :27:20. | :27:24. | |
the mixed message is not needed to inspire confidence in investors, | :27:24. | :27:28. | |
you won't get the money even if you have the skills and technologies. | :27:28. | :27:32. | |
Amongst consumers there is a signs there is a paling of enthusiasm for | :27:32. | :27:38. | |
green matters. There was a survey out yesterday, the British Social | :27:38. | :27:43. | |
Attitudes Survey. The results showed 37% of people surveyed think | :27:43. | :27:46. | |
that many of the claims about environmental threats are | :27:46. | :27:51. | |
exaggerated. That is up from 24% ten years ago. 26% of people are | :27:51. | :27:54. | |
saying they would be willing to pay higher prices to protect | :27:54. | :27:57. | |
environment, down from 43% a decade ago. | :27:57. | :28:03. | |
You suggest those kind of attitude surveys, that drop there in | :28:03. | :28:07. | |
exaggerated problems with the environment, means people are less | :28:07. | :28:10. | |
persuaded or more pragmatic because of their pockets? Because they are | :28:10. | :28:13. | |
talking about whether they are prepared to pay. We are seeing it | :28:13. | :28:17. | |
in the business community, where climate change priorities are | :28:17. | :28:21. | |
moving down the agenda. We are joined by John Prescott and Greg | :28:21. | :28:26. | |
Barker joining us from Durban. Do you sense an attitude change in the | :28:26. | :28:31. | |
UK? No, I think the UK are making a strong argument, actually, for | :28:31. | :28:34. | |
keeping the Europeans on-line with getting a proper agreement on the | :28:34. | :28:41. | |
second period of Kyoto. I did the meeting with him and the Chinese | :28:41. | :28:44. | |
negotiator, it was clear, I think they are moving towards an | :28:44. | :28:48. | |
agreement. What is the agreement? One, to recognise that the values | :28:48. | :28:54. | |
and the principles embodied in Kyoto II, will continue, and | :28:54. | :28:58. | |
therefore up to 2015, under the Cancun principles, we are working | :28:58. | :29:03. | |
in that direction. When you look at the change in mood in George | :29:03. | :29:06. | |
Osborne's statement, that basically, doesn't want environmental matters | :29:06. | :29:11. | |
to be a burden to British businesses and he's also given a | :29:11. | :29:17. | |
tax break to energy service industries. It was said that does | :29:17. | :29:21. | |
not mean clear mood music for investors? Tombly we are moving on | :29:21. | :29:27. | |
in terms of green economic d actually we are moving in -- | :29:27. | :29:31. | |
actually we are moving on in terms of green economics. These talks are | :29:31. | :29:34. | |
very important. I went to Germany in September to see how Germany | :29:34. | :29:38. | |
manages to reconcile the fact that they have the largest renewable | :29:38. | :29:42. | |
energy sector in Europe, but are also a manufacturing powerhouse. | :29:42. | :29:47. | |
The fact is, Germany has just as much ambition as we do, here in the | :29:47. | :29:54. | |
UK, but, they give a total exemption to the enity-intensive | :29:54. | :30:00. | |
industries for paying for their climate policies and renewable tax. | :30:00. | :30:02. | |
As a result they have seen manufacturing flourish and making | :30:02. | :30:06. | |
big steps to decash onise their economy. We need to be a little | :30:07. | :30:11. | |
more sensible, we need to recognise...let me just finish this | :30:11. | :30:15. | |
point. We need to recognise that it is not helping the planet if we | :30:15. | :30:18. | |
just export jobs and businesses into other parts of the world. The | :30:18. | :30:24. | |
really difficult, tough thing is to decarbonise your economy. But at | :30:24. | :30:27. | |
the same time, recognise that you need to grow, advance manufacturing | :30:27. | :30:32. | |
and retain an industrial base, it is not easy, and we need to be a | :30:32. | :30:36. | |
more sophisticated policy to achieve that. You were the one you | :30:36. | :30:38. | |
said yourself, you need a clear policy going forward, you are the | :30:38. | :30:45. | |
one who said we need the low carbon economy, but what is happening is, | :30:45. | :30:48. | |
pragmatic position, which is not clear to inward investors about | :30:48. | :30:53. | |
what your policy is? We have got a great deal of policy. We are of | :30:53. | :30:58. | |
course going for a slight hiatus. You are sending mixed messages? | :30:58. | :31:03. | |
we are going through a slight hiatus because we are in a period | :31:03. | :31:07. | |
of policy transition and electricity market reform. That | :31:07. | :31:10. | |
will reform the electricity industry to the largest extent | :31:10. | :31:17. | |
since privatisation in the 1980s. All driven to move us to a | :31:17. | :31:22. | |
decarbonised basis. There is a lot in flux. What investors really want | :31:22. | :31:27. | |
is certainty, that is why we are bringing forward things like the | :31:27. | :31:35. | |
carbon floor price. People in times of economic need, John Prescott, | :31:35. | :31:38. | |
don't put environmental issues as a priority, did you know that? They | :31:38. | :31:42. | |
do need to know more. The polls showed that. We are not educating | :31:42. | :31:45. | |
enough about the difficulty. Perhaps they don't want to know | :31:45. | :31:48. | |
because it is too difficult? Perhaps they don't want the fear | :31:48. | :31:51. | |
they are hearing about. What about moving to a low-carbon economy. | :31:51. | :31:56. | |
What we have to change considerably is the way we do things. The man | :31:56. | :31:59. | |
who produced the extreme weather report you were almost referring to | :31:59. | :32:05. | |
there, he actually joined with me to launch a million, wait Kirsty, | :32:05. | :32:09. | |
sometimes you have to explain this, a million homes to be lit up using | :32:09. | :32:12. | |
solar power in India. In this country the smart metres, which the | :32:12. | :32:17. | |
Government is actually doing to reduce the demand. Or indoing | :32:17. | :32:22. | |
something which I found there, this is paper wine bottle, 10% less | :32:22. | :32:26. | |
carbon in its production. We have to look at a major change in | :32:26. | :32:29. | |
consumption and production. In the short-term, in the next two or | :32:29. | :32:33. | |
three years, when a lot of families are facing an economic nightmare, | :32:33. | :32:38. | |
frankly, they may in their heart of hearts believe they should do their | :32:38. | :32:41. | |
bit, sometimes it is a bit too hard? We have to take the long-term | :32:42. | :32:45. | |
view. What is the nature for the British economy, it has to be low | :32:45. | :32:47. | |
carbon, there is an agreement between myself and what the | :32:48. | :32:51. | |
Government is doing to get the targets. How do you make the | :32:51. | :32:54. | |
transitions difficult? To tell people it is better in ten years | :32:54. | :32:57. | |
times, we have to go on that policy. You believe the Government is doing | :32:57. | :33:02. | |
the right thing? They are doing a number of things, cutting back on | :33:02. | :33:06. | |
supsidies on solar we could argue about, allowing nimbus to decide if | :33:06. | :33:11. | |
they want a windture bin, when wind is a new energy, they shouldn't | :33:11. | :33:14. | |
allow that. There was plenty of extreme weather | :33:14. | :33:17. | |
in the UK, there is no suggestion that climate change had anything to | :33:17. | :33:20. | |
do with it. Right across what was once described as north Britain, | :33:21. | :33:23. | |
Scotland, Northern Ireland, and northern England, have had, and are | :33:24. | :33:29. | |
still having a day and night of violent storms of power outages. | :33:29. | :33:35. | |
The disruption to schools businesses and travel was enormous. | :33:35. | :33:39. | |
From the heavens this is what the storm looked like over Scotland | :33:39. | :33:47. | |
early today. Down below the cold reality blew in, a normal life for | :33:47. | :33:51. | |
hundreds of thousands of Scots was temporarily suspended. With | :33:51. | :33:54. | |
shorelines battered and the Forth Bridge closed for most of the day. | :33:54. | :34:00. | |
The wind force reached 165 miles per hour in the Cairngorms, 50,000 | :34:00. | :34:04. | |
people were left without power. In a decade Britain hasn't seen worse | :34:04. | :34:11. | |
storms than this. The north of England was buffeted, the lorry was | :34:11. | :34:15. | |
upended on the A66 in Yorkshire. Two people had to be rescued when | :34:15. | :34:21. | |
their car was swept into the River York in Northern Ireland. In bane | :34:22. | :34:27. | |
bridge wind were 80 miles an hour and in Wales. It was Scotland that | :34:27. | :34:30. | |
suffered most, police advised against all travel in the centre of | :34:30. | :34:36. | |
the country. This was Helenburgh on the Firth of Clyde, up river | :34:36. | :34:40. | |
schools were closed north of Glasgow and the west. Consequently | :34:40. | :34:44. | |
this school bus was empty, the driver unhurt. In Aberdeen, car | :34:44. | :34:48. | |
owners had a lucky escape when a wall collapsed. We felt the | :34:48. | :34:52. | |
rumbling and the bang of the building that collapsed. Very scary, | :34:52. | :34:59. | |
we all got a scare. In Edinburgh the Hibs football | :34:59. | :35:03. | |
training session had to be abandoned. In north Ayrshire, a | :35:03. | :35:07. | |
wind farm burst into flames. Tomorrow, it is expected to be | :35:07. | :35:14. | |
calmer, with snow and ice. Just before we came on air I spoke | :35:14. | :35:19. | |
to the deputy First Minister, Nicola sturpblg sturpblg and I | :35:19. | :35:24. | |
asked her how -- Sturg eon and asked her how bad it was? This is | :35:25. | :35:29. | |
only the third time in ten years we have seen wind speeds like this. | :35:29. | :35:32. | |
There is significant disruption, in all of the circumstances we have | :35:32. | :35:39. | |
coped as well as could have been expected. Did the Resilience | :35:39. | :35:43. | |
Committee, model from these extreme conditions? We model for various | :35:43. | :35:47. | |
scenario, over the course of yesterday we were getting regular | :35:47. | :35:50. | |
advice from the Met Office, the police, and took decisions based on | :35:50. | :35:55. | |
that advice. I think the decisions we took, particularly last night, | :35:55. | :35:59. | |
around school closures, proved today to be absolutely the right | :35:59. | :36:04. | |
decisions. I have just come from the latest meeting of the | :36:04. | :36:09. | |
Government Resilience Commit year, it will meet at ministerial level | :36:09. | :36:12. | |
tomorrow morning. What about the pressure on the | :36:12. | :36:16. | |
emergency services? The emergency services have coped extremely well | :36:16. | :36:20. | |
today, the police have been first class as you would expect. The NHS | :36:20. | :36:26. | |
has coped extremely well in general, there has been some damage, | :36:26. | :36:31. | |
particularly to a hospital in Fife, that had part of its roof blown off | :36:31. | :36:34. | |
today. Transport authorities, both road and rail, have also coped | :36:34. | :36:37. | |
extremely well. There has been massive effort today. | :36:37. | :36:41. | |
Just briefly, what about the impact on the economy today? That is | :36:41. | :36:45. | |
likely to be significant. But employers have taken the right | :36:45. | :36:50. | |
decisions, many employers allowed their staff to go home early. The | :36:50. | :36:54. | |
public has, by and large, heeded the advise that was different, and | :36:54. | :37:00. | |
I thank them for their patience and their forebearance. That has meant, | :37:00. | :37:03. | |
although there is significant disruption, we have coped as well | :37:03. | :37:08. | |
as could be expected. You say it is moving north but also blizzard | :37:08. | :37:12. | |
conditions as well? The wind is moving north, the areas up north | :37:12. | :37:16. | |
are likely, over the remainder of tonight and into the early hours of | :37:16. | :37:20. | |
the morning, to see 90 miles per hour wind. Because the pefrpures | :37:20. | :37:24. | |
will be lower, there is also -- temperatures will be lower, there | :37:24. | :37:27. | |
is a significant risk of snow and business standard conditions, that | :37:27. | :37:32. | |
is why we continue to monitor the situation very closely indeed. | :37:32. | :37:36. | |
We will be live at the Brussels summit in few moments with some | :37:36. | :37:43. | |
ministers who have just left dinner. First, poets laureate are the | :37:43. | :37:48. | |
public's face of poetry. To raise awareness about the art. There is | :37:48. | :37:55. | |
one poet routinely described as one the greatest writing, but whose | :37:55. | :38:04. | |
critical acclaim supersedes his public -- sales. | :38:04. | :38:13. | |
He rarely gives interviews, but first Steven Smith had to find him. | :38:13. | :38:17. | |
When you are looking for England's greatest living poet, you might | :38:17. | :38:24. | |
begin with the landscape, he so memorably described. | :38:24. | :38:29. | |
An ancient land, full of strategy. This man's work has been called | :38:29. | :38:33. | |
"serious" even "difficult", he himself has kept a low profile, | :38:33. | :38:39. | |
almost to the point of invisibility. All in all then, he cuts an | :38:39. | :38:48. | |
agreably forbidding figure. It turns out all we had to do was | :38:48. | :38:57. | |
ask, in his new house outside Cambridge, Geoffrey Hill, 79, has | :38:57. | :39:05. | |
struck a rich seam of wrielting. have been writing -- Writing. | :39:05. | :39:10. | |
have been writing for 60 years. Then I felt happy if I managed to | :39:10. | :39:14. | |
write seven peoples in a year. I feel unhappy if I haven't written | :39:14. | :39:18. | |
seven peoples in a week. Really, that is extraordinary? Yeah. What | :39:18. | :39:25. | |
do you put that down to? I have pondered this, and I have got some | :39:25. | :39:30. | |
very secret ideas and theories as to what it may be due to. Wild hors | :39:30. | :39:34. | |
wouldn't drag them out of me. I will -- horses wouldn't drag them | :39:34. | :39:42. | |
out of me. I will write it on my death bed, like an old lady | :39:42. | :39:52. | |
:39:52. | :39:56. | ||
donating her dand lion recipe to her -- dandolion recipe to her kin. | :39:56. | :40:01. | |
I will put it down in the autobiography. Can I explore it? | :40:01. | :40:07. | |
It is not to do with being happier generally? No, no. It is a mystery? | :40:07. | :40:12. | |
It is a mystery. It is all a mystery. You know, you just won't | :40:12. | :40:18. | |
tell me? I think I know. I think I know. | :40:18. | :40:25. | |
"as to the ant, when chance disturbs state, divisions huge, | :40:25. | :40:32. | |
minute, crude, delicate, like egg and spoon, white grub rice grain, | :40:32. | :40:41. | |
she works her reach with pitch and stretch, staid in that giant | :40:41. | :40:47. | |
flesh." My reputation is that of a solemn intellectual. Really I'm a | :40:47. | :40:53. | |
kind of rip roaring fantasist. I like getting on to a bench and | :40:53. | :41:01. | |
standing on one leg. In fact,the current Oxford Professor of Poetry, | :41:02. | :41:05. | |
credits a perhaps unlikely influence on his work. I was in a | :41:05. | :41:10. | |
shop in Leeds the other morning, said excuse me can you help me out, | :41:10. | :41:15. | |
he said, sure which way did you come in. I allowed my love of the | :41:15. | :41:21. | |
comedians to get into my poetry. future scolars of your work, should | :41:21. | :41:27. | |
have your stuff open on the one land and Ken Dodd and Frankie | :41:27. | :41:31. | |
Howard's material on hand. They would see a connection. I hope so, | :41:31. | :41:37. | |
yes, I will leave a lot of heavy hints. The way a comic will often | :41:37. | :41:43. | |
think to stregs the grammatically unimportant -- stress the | :41:43. | :41:47. | |
grammatically unimportant words. It brings out a quite equisite sense | :41:47. | :41:54. | |
of the individuality breaking through the formula. | :41:54. | :41:59. | |
Why haven't we heard more from Geoffrey Hill, the Bard of an | :41:59. | :42:03. | |
arkaiback Albion, we have simply been looking the wrong way. He has | :42:03. | :42:06. | |
plenty to say on Shakespeare and rap, for example. | :42:06. | :42:12. | |
From my relatively marginal experience of that, I don't think | :42:12. | :42:17. | |
any of the rappers I have heard, have the potential of great poetry | :42:17. | :42:22. | |
in them. I think that Shakespeare of this century, would certainly, | :42:22. | :42:30. | |
would certainly learn from rap, yes. "the butterflies, high flyers on | :42:30. | :42:40. | |
:42:40. | :42:42. | ||
high winds, invisible to us, they plane and soar. Beyond our minds' | :42:42. | :42:45. | |
troubled conventioning, and do not err. | :42:45. | :42:54. | |
What do you hope to do with the professorship of poetry? I welcome | :42:54. | :43:04. | |
:43:04. | :43:09. | ||
the opportunity to go over, once a term, and perform one thousandth as | :43:10. | :43:15. | |
well as Ken Dodd! I think he just might manage that. We go back to | :43:15. | :43:21. | |
the summit in Brussels. Mark has grabbed a guest. | :43:22. | :43:26. | |
Yes I have Lucinda Creighton, the Irish Europe minister, who has just | :43:26. | :43:31. | |
come from inside the negotiations, is the atmosphere behind there, as | :43:31. | :43:34. | |
they say in diplomatic speak, business like, is it a frank | :43:34. | :43:40. | |
discussion going on there? Most certainly. I think at the outside | :43:40. | :43:45. | |
there was a mood of deep concern, quite frankly, over the course of | :43:45. | :43:51. | |
the day, and obviously we came, myself and our Taoiseach from the | :43:52. | :43:58. | |
EPB summit in Marseille directly to Brussels, it was clear there was a | :43:58. | :44:02. | |
wide divergance of views. Now, I think, from what I'm hearing this | :44:02. | :44:07. | |
evening, leaders are moving closer together, and they seem to be a | :44:07. | :44:11. | |
little bit more upbeat and a bit more optimistic this evening. | :44:11. | :44:17. | |
what point in a summit like this, do people move past these opening | :44:17. | :44:20. | |
salvos, these positions and really begin to drill down. Do you see | :44:20. | :44:24. | |
evidence already occurring tonight, or will it all happen tomorrow? | :44:24. | :44:28. | |
think there will be progress tonight. I suppose at what stage in | :44:28. | :44:31. | |
the night I'm not sure. Certainly I think when it gets after midnight | :44:31. | :44:38. | |
people get down to business and want to start moving forward. The | :44:38. | :44:42. | |
soundings we are hearing from the meeting room tonight is that is | :44:42. | :44:46. | |
what is happening. It is business like, they are going through the | :44:46. | :44:50. | |
texts of proposals from Herman Van Rompuy, teasing out the issues and | :44:50. | :44:55. | |
findings areas where they can find common ground. Briefly, Irish | :44:55. | :45:00. | |
concerns about the possible fraings transfers tax, similar to the UK. | :45:00. | :45:05. | |
Is that a done deal or is it still possible for the UK and Ireland to | :45:05. | :45:08. | |
knock it out of the picture? don't think it is a done deal, | :45:08. | :45:13. | |
there are more than just the UK and Ireland, there are a lot of member | :45:13. | :45:17. | |
states with concerns about the tax proposal. From Ireland's | :45:17. | :45:20. | |
prospective, we would certainly not like to be separated from the kufpl | :45:20. | :45:25. | |
in that regard, that the eurozone would do something different to the | :45:25. | :45:32. | |
EU27. There is an argument of putting it into the context of a | :45:32. | :45:36. | |
global situation. Do we want to disadvantage Europe, vis a vis the | :45:37. | :45:40. | |
rest of the world. That is all from Brussels tonight, we will be back | :45:40. | :45:43. | |
tomorrow. That is all from Newsnight tonight. | :45:43. | :45:53. | |
:45:53. | :46:13. | ||
Wherever you are, baton down the Wherever you are, baton down the | :46:13. | :46:22. | |
hatches, good night. Hill low, after an incredibly | :46:22. | :46:25. | |
stormy Thursday, there are quieters conditions on the way for fli. Icey | :46:25. | :46:29. | |
conditions to start the day in Scotland, Northern Ireland, and the | :46:29. | :46:35. | |
North West of eing lan. A weakening band across England. That will be | :46:35. | :46:39. | |
aityure during the afternoon, appearing in the parts of North | :46:39. | :46:43. | |
Wales. To the south plenty of sunshine. A colder day than we had | :46:43. | :46:46. | |
today, temperatures held down in single figures. If you look at the | :46:47. | :46:50. | |
strength of the wind, it is breezeyo and the wind continue down | :46:50. | :46:54. | |
through the day, plenty of sunshine and dry weather. The weakening band | :46:54. | :46:59. | |
of rain, sleet and hill snow, not just affecting northern England, | :46:59. | :47:02. | |
but North Wales and Northern Ireland to begin the day. For the | :47:02. | :47:04. | |
afternoon there is plenty of sunshine, for much of Scotland it | :47:04. | :47:10. | |
is a Wighter day, thankfully, lots of dry d a brighter day, lots of | :47:10. | :47:14. | |
dry and cold weather, the snow showers here could create blaze | :47:14. | :47:18. | |
standard conditions over higher ground. Wet weather will move | :47:18. | :47:22. | |
through plan Chester, not a constant all-day rain. In parts of | :47:22. | :47:26. | |
Scotland to begin the weekend, snow, sleet and wind returning. Fine | :47:26. | :47:30. | |
weather, not just for Friday, but for Saturday, before things change | :47:30. | :47:36. |