:00:11. > :00:15.Tonight at Ten: Turmoil in Greece as the Prime Minister pleads for
:00:15. > :00:20.support to rescue the economy. Inside the Greek Parliament tonight,
:00:20. > :00:26.demands for the Prime Minister to resign and call elections, but
:00:26. > :00:29.Papua New Guinea offers -- George Papandreou offers the coalition
:00:29. > :00:32.government to help see the country through the crisis.
:00:32. > :00:36.TRANSLATION: We should appreciate a different national position. It
:00:36. > :00:41.should be the beginning of a new political culture, a political
:00:41. > :00:44.stance that is new for all of us. Leaders try to foe kiss on the
:00:44. > :00:49.world economy, but Greece is never far away.
:00:49. > :00:51.The most important aspect of our task over the next two days is to
:00:51. > :00:56.resolve the financial crisis here in Europe.
:00:56. > :01:00.We have the latest from Athens and from Cannes after a day of tension
:01:00. > :01:05.and drama. Also tonight: In prison, three Pakistan cricket stars,
:01:05. > :01:10.starting their sentences for taking part in a betting scam.
:01:10. > :01:16.The priceless heritage of Libya. Museums reveal what was stolen
:01:16. > :01:18.during the uprising. And Bond is back, despite the
:01:18. > :01:23.delays and difficulties, Skyfall is now in production.
:01:23. > :01:27.We had to make a Bond movie that stood up there as one of the best.
:01:28. > :01:34.That's the starting point. You have to aim for the stars on this one.
:01:34. > :01:39.Later in the hour on the BBC News Channel, I'm hear with Sportsdayen
:01:39. > :01:49.a busy night in the Europa League, but mixed fortunes for are the
:01:49. > :01:58.
:01:58. > :02:02.British sides involved. Good evening.
:02:02. > :02:05.After a day of endless twists and turns, Greece could be moving
:02:05. > :02:08.towards a new coalition government to see it through the bail out
:02:08. > :02:12.crisis. That is the word from the Prime Minister's office within the
:02:12. > :02:15.past 30 minutes. George Papandreou will start talks
:02:15. > :02:18.with the opposition parties tomorrow when he also faces a vote
:02:18. > :02:24.of confidence in Parliament. It seems that his controversial
:02:24. > :02:28.plan for a referendum has been dropped. For the latest from Athens,
:02:28. > :02:31.here is our correspondent, Matthew Price. At the Greek Parliament this
:02:31. > :02:34.evening, they are waiting and watching. Fearful about where this
:02:34. > :02:38.country is heading. You don't know what will happen
:02:38. > :02:42.from one time to another. From one moment to another.
:02:42. > :02:47.Inside the Prime Minister is clinging on to power.
:02:47. > :02:51.His call to hold a referendum on the next Greek bail out package
:02:51. > :02:55.provokes the crisis. Today he suggested it was just a political
:02:55. > :02:59.employ. TRANSLATION: Opening a debate on
:02:59. > :03:05.the referendum revived people it created a positive shock and
:03:05. > :03:08.brought positive results to politics in this country.
:03:08. > :03:12.I think we should appreciate a different national position. I hope
:03:12. > :03:16.it can be the beginning of a new political culture, a new political
:03:16. > :03:21.stance for all of us. Some suggest a deal is being
:03:21. > :03:26.discussed. In return for dropping the referendum, a new government of
:03:26. > :03:31.national unity will be formed followed by fresh elections, but
:03:31. > :03:38.the opposition leader is still guning for the Prime Minister.
:03:38. > :03:43.TRANSLATION: I am wondering, George Papandreou almost destroyed Greece
:03:43. > :03:50.and Europe, the Euro, the international stock markets, his
:03:50. > :03:54.own party, in order to ensure what? So he could blackmail me and the
:03:54. > :03:58.Greek public? Earlier, rumours persisted that the Prime Minister
:03:59. > :04:05.was about to step down. Damage by the prospects of asking
:04:05. > :04:08.the public if they wanted more cuts, whether they wanted more austerity.
:04:08. > :04:13.A write-down of 50 billion in Greek debt.
:04:13. > :04:16.It was very difficult for him, seeing the reactions of members of
:04:16. > :04:20.his parliamentary group and also key ministers that have expressed
:04:20. > :04:26.their views today for him to remains the Prime Minister.
:04:26. > :04:31.This country's already on its knees. The legal system paralysed, court
:04:31. > :04:35.officials are on a go-slow, ferries are going nowhere, businesses are
:04:35. > :04:39.shut down. What is happening inside the Greek Parliament right now is
:04:39. > :04:43.taking Europe and the Euro to the brink. Nobody here in Athens
:04:43. > :04:47.tonight knows who is going to be running this country in the next 24
:04:47. > :04:52.hours, let alone the coming months. While there is political
:04:52. > :04:56.uncertainty in Athens, there can be no solution to Greece's economic
:04:56. > :05:02.problems. That in turn, means that the Europe debt crisis cannot be
:05:02. > :05:05.contained. Time seems to be running out for
:05:05. > :05:10.George Papandreou. He's told Parliament he's not tied to his
:05:10. > :05:15.post. There's a confidence vote in his government tomorrow. Elsewhere,
:05:15. > :05:20.they've already lost confidence in Greece.
:05:20. > :05:26.Live to Athens tonight, we have our Europe editor, Gavin Hewitt is.
:05:26. > :05:31.ThereGavin, events are moving at remarkable speed today. How do you
:05:31. > :05:34.things -- see things there tonight? It's been a day of power struggles.
:05:34. > :05:39.George Papandreou realised he was not to be able to count on the
:05:39. > :05:42.support of his party, to get the referendum through on the EU bail
:05:42. > :05:46.out package. In fact he was facing defeat tomorrow over this
:05:46. > :05:50.confidence vote. Now in the last half an hour, we've been talking to
:05:50. > :05:53.the Prime Minister's office, they say that George Papandreou has
:05:53. > :05:59.decided to scrap the referendum in the hope of holding his party
:05:59. > :06:04.together. Now, whether it comes to, when it comes to this vote tomorrow,
:06:04. > :06:08.whether he will succeed on it, it is difficult to know. It will be on
:06:08. > :06:11.a knife-edge. Something else, where he wins or loses, the negotiations
:06:11. > :06:15.are going to start on putting together a government of national
:06:15. > :06:20.unity. What the result of that will be we don't know. It is very messy
:06:20. > :06:22.here in Greece tonight. That provides little comfort to
:06:22. > :06:26.Chancellor Angela Merkel and Nicolas Sarkozy who only yesterday
:06:26. > :06:32.were saying to Greek that they had to decide whether they wanted to
:06:32. > :06:39.stay in the eurozone or not. Gavin, thank you very much.
:06:39. > :06:43.Well, today's development in Athens has rather overshadowed a meeting
:06:43. > :06:47.of the world's richest nations, the G20 in the south of France. They've
:06:47. > :06:51.been trying to find a way to ease the debt crisis throughout the
:06:51. > :06:54.eurozone. Apart from that, there is the growing alarm of the situation
:06:54. > :07:00.in Italy, where the size of the debt is bigger.
:07:00. > :07:04.Nicolas Sarkozy saying that if theow explodes, so does Europe.
:07:04. > :07:07.You have seen this picture before, the leaders of the world's largest
:07:07. > :07:12.economies getting together for a chinwag. What we have not seen
:07:12. > :07:18.before is a G20 summit hi-jacked by a tiny country that isn't even in
:07:18. > :07:22.the club. This is not how President Sarkozy
:07:22. > :07:26.planned hits summit, but thin very little in the global economy has
:07:26. > :07:31.been going to plan. I think it's not surprise that we
:07:31. > :07:35.spent most of our conversation focused on strengthening the global
:07:35. > :07:38.economic recovery so that we are creating jobs for our people and
:07:38. > :07:43.stabilising the financial markets around the world.
:07:43. > :07:48.The most important aspect of our task over the next two day is to
:07:48. > :07:52.resolve the financial crisis here in Europe.
:07:52. > :07:55.The extraordinary tep-change came late last night when the French and
:07:55. > :08:00.the German leaders suggested for the first time that Greece could
:08:00. > :08:06.leave the Euro. The new line was: We want you in, but you have to
:08:06. > :08:10.want it to. -- too.
:08:10. > :08:14.TRANSLATION: We wish to continue building Europe and the Euro with
:08:14. > :08:18.our Greek friends. We have done everything that we could to achieve
:08:18. > :08:22.that, but there are a number of rules that are the bedrock of the
:08:22. > :08:25.solidarity pact. It is up to the Greeks to decide if they wish to
:08:25. > :08:29.continue on this road together with us or not.
:08:29. > :08:32.Today, the French President said: If the Euro explodes, then Europe
:08:32. > :08:36.explodes. There were lots of weighty issues
:08:36. > :08:40.that the leaders were meant to be talking about today, but they kept
:08:40. > :08:44.getting interup theed by the latest news from Greece. The leaders here
:08:44. > :08:48.still think would be disastrous for Greece ever to leave theow, but
:08:48. > :08:54.Greece in theow, all of this never ending drama and political
:08:54. > :08:57.uncertainty, that is starting to feel disastrous as well. The focus
:08:57. > :09:01.has shifted from trying to control what happens in athns to trying to
:09:02. > :09:07.contain it. -- Athens.
:09:07. > :09:11.The Europeans had hoped that China would help to beef up the rescue
:09:11. > :09:15.fund for countries caught in the fall-out, but Chinese officials say
:09:15. > :09:19.that Europe has to sort itself out first. The British say that new
:09:19. > :09:23.money from the IMF is likely, but it can't just be for the eurozone.
:09:24. > :09:28.No Government ever lost money by lending money to the IMF, it
:09:28. > :09:34.supports countries right around the world. What we would not support
:09:34. > :09:39.the -- is the IMF directle insome Euro bail out fund. That would not
:09:39. > :09:44.be right, we would not back it. The International Monetary Fund did
:09:44. > :09:47.offer some help to Europe's faltering recovery with a modest
:09:47. > :09:52.recovery in interest rates, but there was little time for theied
:09:52. > :09:56.that the ECB might save the Euro by pledging unlimited resources to
:09:56. > :10:01.governments or the possibility that a country could quit.
:10:01. > :10:06.It's not in the treaty. I have nothing to add to that. It is not
:10:06. > :10:11.in the treaty. On the second question, the,
:10:11. > :10:15.actually, I have a question for you, really, what makes you think that
:10:15. > :10:19.to become the learned of last results for garments is the thing
:10:19. > :10:24.that you need to keep the eurozone together Maybe this summit will go
:10:24. > :10:28.down in history as the first time the Europeans publicly contempt
:10:28. > :10:36.plated a country leaving the Euro. Something tells me it will not be
:10:36. > :10:41.the last. Well let's go live to Cannes
:10:41. > :10:44.tonight. Nick Robinson is there. Do you think that they have made any
:10:44. > :10:47.meaningful progress thereed to has been an extraordinary summit.
:10:47. > :10:51.There is no sign yet of that progress.
:10:52. > :10:56.Remember that it is just six weeks ago we were told there was six
:10:56. > :11:01.weeks to save theow. The deadline was the meeting. Yet you had the
:11:01. > :11:05.leaders of the 20 most powerful economies around the world sitting,
:11:05. > :11:09.studying the smart phones to discover what on earth was
:11:09. > :11:13.happening in Athens. Would there be a referendum? Would the Prime
:11:13. > :11:18.Minister fall? Would the Greeks come out of the Euro? Tonight after
:11:18. > :11:21.the formal dinner we have another mini summit of eurozone countries
:11:21. > :11:25.and intreesingly, President Obama is there too. Our Prime Minister
:11:25. > :11:29.has had meetings with Angela Merkel and President Obama. The signs are
:11:29. > :11:34.that there is an attempt to get a twin track strategy. To ensure if
:11:34. > :11:39.at all possible that the Greeks don't lee the Euro and in addition
:11:39. > :11:42.that the Italians are bolstered in it. To pursue the idea that we were
:11:42. > :11:46.discussing last night of getting more money into the International
:11:46. > :11:50.Monetary Fund to try to send a message to global markets that yes,
:11:51. > :11:53.the world is ready to stand behind the eurozone if it really needs to
:11:53. > :11:57.do it. Now, of course, the countries that would give that
:11:57. > :12:01.money don't want to do that unless they think that the eurozone is
:12:01. > :12:06.really tackling its problems. The final problem is this for that
:12:06. > :12:09.meeting, it is that even when they leave this summit here in Cannes,
:12:09. > :12:16.they still won't know what is happening in Athens, who is in
:12:16. > :12:21.government. So, as one official put it to me, we have lost the period
:12:21. > :12:26.where one meeting and one big fat number will solve the problem.
:12:26. > :12:30.We will be returning to Cannes later on in the programme. There is
:12:30. > :12:37.more explanation and lots of analysis for you on the crisis on
:12:37. > :12:41.the BBC website at bbc.co.uk/news. /Euro crisis. Lots of information
:12:41. > :12:45.for you there. Here at home thousands of health
:12:45. > :12:49.service workers, teaching assistants and other public sector
:12:49. > :12:55.work verse voted to strike on November the 30th over proposed
:12:55. > :13:01.changes to the pension rights. Members of Unison voted by more
:13:01. > :13:06.than 3-1 in favour of a strike. Less than the third of the members
:13:06. > :13:12.took part in the voting. Now, the police have said that the
:13:12. > :13:15.number of possible victims stands at almost 5,800, nearly 2,000 more
:13:15. > :13:20.than previously thought. The police say that the number is likely to be
:13:20. > :13:23.revised again as a result of further analysis.
:13:23. > :13:29.Three of Pakistan's most high- profile cricketers and their agent
:13:29. > :13:33.are in prison tonight. They were sentenced for cheating during a
:13:33. > :13:37.Test Match against England at Lord's. Salman Butt, and Mohammad
:13:37. > :13:41.Amir, Mohammad Asif and the agent, Mazhar Majeed were all convicted
:13:41. > :13:51.yesterday. It is the first case in Britain in half a century of
:13:51. > :13:53.
:13:53. > :13:58.sportsmen being jailed for cheating. The first of a series of three no-
:13:58. > :14:02.balls that have landed three cricketers in jail. Rarely, if ever,
:14:02. > :14:07.has a bowler put his foot so far over the line. Today, the players
:14:07. > :14:13.paid the price for their corruption. The captain, Salman Butt, given to
:14:13. > :14:17.0.5 years in prison. The judge said he was the orchestrator of the plot.
:14:18. > :14:26.-- given 2.5 years. Mohammad Asif, one of the world's best fast
:14:26. > :14:30.bowlers, got one year. And then 19- year-old Mohammad Amir, the young
:14:30. > :14:34.star of international cricket - only six months for him, because he
:14:34. > :14:42.had pleaded guilty, described by the judge as impressionable and
:14:42. > :14:46.the judge as impressionable and uneducated. Brought down by their
:14:46. > :14:54.agent, Mazhar Majeed, who told an undercover reporter when the no-
:14:54. > :14:57.balls would be bold. Sixth ball of the tenth over. He admitted during
:14:58. > :15:00.sentencing that he had passed on half of the money given to him by
:15:00. > :15:05.the News Of The World to his players for their involvement in
:15:05. > :15:09.the plot. Of all the places for it to happen, it was here at Lord's,
:15:09. > :15:15.the home of cricket, the venue where the noble traditions of the
:15:15. > :15:20.game are held most dear. But it is in Pakistan where the greatest
:15:20. > :15:24.ramifications will be. Nowhere were the sentences being watched more
:15:24. > :15:29.closely than in Mohammad Amir's home. His mother wept as she tried
:15:29. > :15:33.to get more details of new was brought to her by television.
:15:34. > :15:39.Little more than a year ago, her son looked to have a golden future.
:15:39. > :15:43.He's now heading to jail. TRANSLATION: He was innocent. What
:15:43. > :15:48.has happened to him is very wrong. He did not do it for the sake of
:15:48. > :15:52.money, he was forced to do the no- ball. Meanwhile, Pakistan were
:15:52. > :15:56.playing today. Members of the current squad were named in the
:15:56. > :16:01.court case. Many within the game believe that the governing body of
:16:01. > :16:04.the sport needs to do more. fact that a newspaper has provided
:16:04. > :16:10.the main body of the evidence leading to these convictions leads
:16:10. > :16:15.to the question, can the ICC leave it to newspapers and the media to
:16:15. > :16:20.do what they probably need to be doing themselves?. The judge said
:16:20. > :16:26.that prison sentences were a necessary deterrent. Sports people
:16:26. > :16:36.watching these pictures now know what can happen if you cheat.
:16:36. > :16:37.
:16:37. > :16:45.Coming up tonight - half-a-century and 22 films later, James Bond will
:16:45. > :16:48.In Libya, the damage done to the nation's cultural heritage during
:16:48. > :16:50.this year's unrest is becoming clear. Thousands of priceless items
:16:50. > :16:55.have gone missing, most of them apparently stolen during the
:16:55. > :16:57.conflict to overthrow the Gaddafi regime. One of the biggest losses
:16:57. > :17:03.is the so-called "Treasure of Benghazi", an ancient collection of
:17:03. > :17:13.coins, jewellery and statues. Our correspondent Caroline Hawley has
:17:13. > :17:13.
:17:13. > :17:18.been investigating. It houses one of the best collections of
:17:18. > :17:25.antiquities in the region. But for now, Tripoli's museum is firmly
:17:25. > :17:28.closed. Inside, the display cases are still empty. The head of the
:17:28. > :17:34.country's National Department of Archaeology says that special
:17:34. > :17:38.precautions had been taken following what happened in Iraq.
:17:38. > :17:43.decided to hide most of these things are in many places. To give
:17:43. > :17:49.you an example, sometimes we decide to put these things in a home, then
:17:49. > :17:55.we build a wall, and we paint the wall the same colour as the room.
:17:55. > :17:59.But in Benghazi, in the chaos of the conflict, this fix ceiling in a
:17:59. > :18:04.bank vault was no deterrent to what has been called one of the largest
:18:04. > :18:10.thefts of archaeological material in history. This saved was emptied,
:18:10. > :18:14.and another chest like this one was stolen. Thousands of priceless
:18:14. > :18:21.coins and other artifacts from the Islamic past have gone. This
:18:21. > :18:31.archaeologist showed us pictures of the kind of coins that are missing.
:18:31. > :18:31.
:18:31. > :18:36.They may be difficult to trace. items that were stolen represents
:18:36. > :18:42.quite a segment of human history, it is a huge loss for Libya and the
:18:43. > :18:47.world. In Tripoli's museum, there was some revolutionary vandalism.
:18:47. > :18:51.This is the proclamation of Colonel Gaddafi's revolution, and this is
:18:51. > :18:57.the GP he used when he came to power, its headlights now smashed.
:18:57. > :19:01.So, too, the windows of the car he drove in the 1960s. But the fine
:19:01. > :19:06.Roman statues are still standing proud, and there is relief here
:19:06. > :19:10.that so much of Libya's huge archaeological wealth escaped the
:19:10. > :19:14.conflict unscathed. Staff say it will be a while before they can
:19:14. > :19:19.reopen these galleries to the public. In these uncertain times,
:19:19. > :19:24.they do not want to take any risks with taking precious heritage.
:19:24. > :19:29.Until the new authorities are sure that Libya's borders are secure,
:19:29. > :19:36.officials will play it safe, and the remains of this country's
:19:36. > :19:40.extraordinary ancient past will The Ministry of Defence has
:19:40. > :19:43.announced that a British soldier has been shot dead in Afghanistan.
:19:43. > :19:46.The soldier, from 2nd Battalion the Mercian Regiment, was part of a
:19:46. > :19:56.patrol which was attacked by insurgents in the Nahr-e Saraj
:19:56. > :20:01.
:20:01. > :20:05.district of Helmand province. His Bob diamond, the Barclays boss who
:20:05. > :20:12.said earlier this year that it was time for bankers to stop
:20:12. > :20:17.apologising, has struck a rather different note. Our chief economics
:20:17. > :20:21.correspondent has more details. He is one of Britain's leading bankers,
:20:21. > :20:25.and Bob diamond has generated plenty of headlines, not least
:20:25. > :20:29.about his pay packet. He has helped turn Barclays into a major global
:20:29. > :20:34.player, and when the financial crisis hit, it did not need a
:20:34. > :20:39.government bail out. This evening he gave the inaugural Today
:20:39. > :20:43.Programme Business Lecture, and said banks needed to rebuild trust.
:20:43. > :20:48.First, we have to build a better understanding of how businesses and
:20:48. > :20:51.banks work together to generate economic growth. Second, we have to
:20:51. > :20:55.accept responsibility for what has gone wrong. Finally, and most
:20:55. > :21:00.importantly, we have to use the lessons learned to become better
:21:00. > :21:04.and more effective citizens. comments come at a time of
:21:04. > :21:08.increasing criticism of banks, with protesters gathering around the
:21:08. > :21:13.world arguing that the financial system is bust. He told me banks
:21:13. > :21:17.needed to do better at explaining their role in society. We need to
:21:17. > :21:21.recognise that we have not done a very good job of being clear as to
:21:21. > :21:26.how we contribute to jobs and economic growth. We have done a
:21:26. > :21:29.very poor job of explaining how we contribute to society. Equally,
:21:30. > :21:35.people want to hear that not only do we accept our part of
:21:35. > :21:40.responsibility, but that we get it. Is there an acceptance that you did
:21:40. > :21:44.get some things wrong? Absolutely. I think the industry got some
:21:44. > :21:50.things wrong. I think I got some things wrong. All of us have to
:21:50. > :21:57.accept responsibility. So, how did it go down? We asked one leading
:21:57. > :22:02.financial commentator. Nine months ago, he said something completely
:22:02. > :22:06.different. We have got to welcome what he says now. But we need to
:22:06. > :22:11.see the colour of his money, we have to hold him to account, let's
:22:11. > :22:15.see how Barclays changes. The role of the banks in the economy is the
:22:15. > :22:19.subject of intense debate. The boss of Barclays clearly feels the
:22:19. > :22:25.industry should get involved, rather than shying away. You can
:22:25. > :22:31.hear an extended interview with Bob Diamond on BBC Radio 4 tomorrow
:22:31. > :22:36.morning. James Bond will return to our screens despite the doubts and
:22:37. > :22:41.delays. Shooting has now started on the latest film, called Skyfall,
:22:41. > :22:45.due for release next year. It maintains a British film franchise
:22:45. > :22:48.which is nearly 50 years old. Production had been held up when
:22:48. > :22:57.MGM studios ran into financial difficulties last year. Lizo Mzimba
:22:57. > :23:01.reports. Three years after his last outing, Daniel Craig is once more
:23:01. > :23:06.preparing to immerse himself in a world of extravagant explosions and
:23:06. > :23:14.exotic locations. The film was put on hold for a year because of the
:23:15. > :23:19.financial problems of the studio, MGM, but that has resulted in a new
:23:19. > :23:23.scheduled release date to coincide with the 50th anniversary of the
:23:23. > :23:30.first film, Dr No. It is a great challenge. We have got something to
:23:30. > :23:34.celebrate, that it is 50 years old. We have also got a great script, so
:23:34. > :23:42.it is up to us now to make something which is fitting for the
:23:43. > :23:48.50th year. The movies have often shaken audiences but not stirred
:23:48. > :23:53.award's judges. But that could change. The new cast has gathered
:23:53. > :23:59.10 acting nominations between them. And some Mendes's previous films
:23:59. > :24:04.have won six Oscars. Might they be hoping for some golden statuettes?
:24:04. > :24:10.I do not think in those terms about anything. For me, James Bond is for
:24:10. > :24:15.the audience and only for the audience. The rest of it is just
:24:15. > :24:19.what happens afterwards, like any good movie. From Sean Connery threw
:24:19. > :24:25.to Daniel Craig, the franchise has become the longest-running
:24:25. > :24:28.continuous film series ever. Bond films have gone on for such a
:24:28. > :24:32.long time partly because they respond to changes in the world at
:24:32. > :24:37.large, but also I think because they have negotiated a change in
:24:37. > :24:43.the film industry and in the popular tastes of film audiences.
:24:43. > :24:48.Bond, James Bond. 50 years after 007 first said those famous words,
:24:48. > :24:56.fans will be expecting Skyfall to be a fitting tribute to a film
:24:56. > :25:01.series which is almost half as old as cinema itself. More on the main
:25:01. > :25:06.story now, that eurozone crisis, the political turmoil in Greece.
:25:06. > :25:11.Our economics editor, Stephanie Flanders, is in Cannes. Given the
:25:11. > :25:16.fact that this is looking to be unresolved still tonight, how much
:25:16. > :25:20.damage is it causing the eurozone? I think it is the continuing damage,
:25:20. > :25:25.the drip-drip effect of not being able to get a handle on it. It does
:25:25. > :25:30.not help that you're watching the situation spiral out of control in
:25:30. > :25:34.Greece. The financial markets were actually pretty upbeat today. The
:25:34. > :25:39.stock markets rose significantly in America, Germany, France and the UK.
:25:39. > :25:42.But crucially, they did not give any benefit to the Italians,
:25:42. > :25:48.there's still enormous pressure on the cost of borrowing for the
:25:48. > :25:51.Italian government and the Spanish government. That interest rate cut
:25:51. > :25:55.from the European Central Bank was only one piece of the puzzle today.
:25:55. > :26:02.The ECB president has said he is not going to come to the rescue of
:26:02. > :26:07.the eurozone. That's leaving other countries, especially the likes of
:26:07. > :26:10.China and Russia, but also America, very frustrated, resigned to the
:26:10. > :26:15.idea that the Europeans cannot fix this by themselves, probably having
:26:15. > :26:18.to put more money into the IMF as a result. They're not happy about it,