Browse content similar to 12/09/2011. Check below for episodes and series from the same categories and more!
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The question that just won't go away - is Greece strong enough to | :00:15. | :00:19. | |
repay its debts? Banking shares continue to drop across Europe as | :00:20. | :00:29. | |
:00:30. | :00:42. | ||
investors fear some may have too Good afternoon, I'm Zeinab Badawi. | :00:42. | :00:46. | |
In GMT today: More than 100 people are killed in Kenya after a Fire | :00:46. | :00:50. | |
breaks out in a pipeline in the capital Nairobi. Britain's David | :00:50. | :00:55. | |
Cameron in Russia five years after the two fell out over the murder of | :00:55. | :00:58. | |
a Kremlin critic in London. Is he putting commercial interests above | :00:58. | :01:01. | |
all else? And, as one of Colonel Gaddafi's | :01:01. | :01:06. | |
sons is found in neighbouring Niger, we talk to NATO's Secretary-General | :01:06. | :01:12. | |
about its continuing role in the Libya conflict. | :01:12. | :01:18. | |
Welcome. It's 12.30 here in London. It's 7.30am in Washington and | :01:19. | :01:22. | |
1.30pm in Europe's major financial centres where mounting concerns | :01:22. | :01:27. | |
that Greece will be unable to repay its debts have sent shares tumbling. | :01:27. | :01:30. | |
Banking stocks have been hit particularly hard, despite repeated | :01:30. | :01:34. | |
assurances from politicians that the eurozone is doing all it can to | :01:34. | :01:37. | |
avoid any country defaulting on its debt. | :01:37. | :01:41. | |
In London, shares in banks dropped sharply at one point as investors | :01:41. | :01:46. | |
digested the impact of new recommendations on banking reform. | :01:46. | :01:50. | |
Our World Affairs Correspondent, Humphrey Hawksley, has more. | :01:50. | :01:56. | |
This week's run on the markets began in Asia. A familiar drop now | :01:56. | :02:03. | |
as Europe searches for political leadership in its financial crisis. | :02:03. | :02:07. | |
Investors sought sanctuary too in Asian currencies, the yen hitting a | :02:07. | :02:10. | |
ten year high against the flailing euro. | :02:10. | :02:19. | |
Europe cannot tackle the Greek sovereign debt crisis. This means | :02:19. | :02:24. | |
Greece will go down the way of ordinary default and bankruptcy. | :02:24. | :02:32. | |
That is the unthinkable. Protests continue in Greece as | :02:32. | :02:36. | |
fears spread that a default on its debt might become inevitable. | :02:36. | :02:40. | |
How to match the anger of its citizens against the demands to | :02:40. | :02:45. | |
have its lenders. If it were only Greece, there might | :02:45. | :02:49. | |
be a straighter way out, but Portugal, Spain and Ireland and | :02:49. | :02:54. | |
others are vulnerable. Europe's markets opened and Asia's | :02:54. | :02:58. | |
gloom spread there. Divisions within the European | :02:58. | :03:04. | |
Central Bank, no clear signal from G7 Finance Ministers at the weekend, | :03:04. | :03:12. | |
too much uncertainty for too long. Let's talk some more about this, we | :03:12. | :03:17. | |
are joined from Central London by Charlie Parker, Investment Editor | :03:17. | :03:21. | |
of City Wire. Let's look at the worries for the markets. First of | :03:21. | :03:25. | |
all, the banks, this concern that a lot of them, particularly French | :03:25. | :03:29. | |
banks, are just too exposed to Greek debt? That's it. I think | :03:29. | :03:33. | |
Greek debt is seen as the thin end of the wedge. There are all the | :03:33. | :03:37. | |
deliberations around Greece and it causes investors to say, if they | :03:37. | :03:40. | |
can't resolve the crisis in Greece, how will they cope if it really | :03:40. | :03:43. | |
does come to a serious crisis in one of the bigger markets like | :03:43. | :03:48. | |
Italy and Spain. Those markets are only being held away from crisis. | :03:48. | :03:52. | |
The cost of their borrowing is only being held away from crisis levels | :03:52. | :03:55. | |
because the European Central Bank's gobbling up the debt and keeping | :03:55. | :03:59. | |
the market away from that scenario. Diviss in the European Central Bank, | :03:59. | :04:06. | |
a lack of leadership politically all causes uncertainty and worry -- | :04:06. | :04:09. | |
divisions in the European Central Bank. The banking business is a | :04:09. | :04:13. | |
global one. We have seen major recommendations for reform in | :04:13. | :04:18. | |
British banking and so how do they fit in in all these pictures? Is | :04:18. | :04:22. | |
that creating more uncertainty or providing reassurance? | :04:22. | :04:25. | |
proposals we have seen today were well leaked. The commission hasn't | :04:25. | :04:29. | |
shocked markets sothere was a bit of a movement as it was digested | :04:29. | :04:34. | |
but nothing too radical. It fit into a global framework which is | :04:34. | :04:37. | |
trying to sure up banks to a level of confidence in the financial | :04:37. | :04:41. | |
system more Jonly. Of course, the events in Europe are so serious | :04:41. | :04:45. | |
that we worry about the sort of financial equivalent of a nuclear | :04:45. | :04:53. | |
event, something like the Italian bun market hitting a crisis. Could | :04:53. | :04:57. | |
a crisis like that be avoided? Maybe but not necessarily. Banks | :04:57. | :05:01. | |
around the world need to have enough capital to keep going. | :05:01. | :05:06. | |
Thank you very much. Now a look at the other stories making headlines: | :05:06. | :05:10. | |
Many people are reported to have been killed in Kenya after an | :05:10. | :05:16. | |
explosion in a fuel pipeline in the capital nay owe by. Local police | :05:16. | :05:21. | |
say more than 100 people have died and some are being treated for | :05:21. | :05:27. | |
burns -- Nairobi. The pipeline runs between the | :05:27. | :05:34. | |
centre of Nairobi and the airport. A short time ago, we got this | :05:34. | :05:38. | |
update. We have been able to establish that fuel leaked into the | :05:38. | :05:44. | |
open sewers from the nearby oil depot. As residents were trying to | :05:44. | :05:48. | |
siphon the fuel out of the sewer, somebody lit a cigarette and this | :05:48. | :05:53. | |
spread across the slum, residents' homes were burnt, people were said | :05:53. | :06:00. | |
to be scattering all over to save them. | :06:00. | :06:05. | |
Now, the Australian Prime Minister, Julia Gillard, says she'll revive | :06:06. | :06:08. | |
her plan to send asylum seekers to Malaysia, despite the Australian | :06:08. | :06:13. | |
High Court ruling it illegal. She says she will amend the legislation | :06:13. | :06:18. | |
to meet the court's objections. Under the scheme, up to 800 asylum | :06:18. | :06:21. | |
seekers would be processed in Malaysia. | :06:21. | :06:25. | |
In India, more than a million people have been displaced and at | :06:25. | :06:31. | |
least 16 killed by flooding in Orissa. Heavy rains submerged more | :06:31. | :06:36. | |
than 2,500 villages. Several rivers overflowed, blocking access to key | :06:36. | :06:39. | |
road links. A court in South Africa has ruled | :06:39. | :06:44. | |
that a song calling for white farmers to be shot constitutes what | :06:44. | :06:51. | |
it termed hate speech. The song was performed by the youth leader of | :06:51. | :06:54. | |
the African National Congress Julius Malema who said it was a | :06:54. | :06:57. | |
legacy against the fight of apartheid. The only hockey player | :06:57. | :07:02. | |
who initially survived last week's Russian plane crash has died of his | :07:02. | :07:07. | |
injuries in hospital. Alexander Galimov was one of those not killed | :07:07. | :07:13. | |
instantly in the crash but suffered severe burns to 90% of his body. | :07:14. | :07:17. | |
Let's stay in Russia. That's where the British Prime Minister, David | :07:17. | :07:21. | |
Cameron, is visiting. He's been having talks in Moscow with | :07:21. | :07:25. | |
President Dmitry Medvedev on the first such visit by a British Prime | :07:25. | :07:29. | |
Minister since 2006. Mr Cameron is trying to mend relations after a | :07:29. | :07:34. | |
rift oaf the murder of a Russian dissident in London in 2006. | :07:34. | :07:37. | |
Speaking at a joint press conference earlier, Mr Cameron says | :07:37. | :07:42. | |
the UK and Russia share many interests and challenges. | :07:42. | :07:45. | |
If we can build a stronger relationship, I believe both our | :07:45. | :07:50. | |
countries will gain. Of course, it's no secret that there are | :07:50. | :07:54. | |
difficult issues where we differ. We can't protend these don't exist. | :07:54. | :07:58. | |
We must continue to have frank discussions about them, as we have | :07:58. | :08:01. | |
had today. At the same time, without wishing these issues away, | :08:01. | :08:05. | |
it's right to rebuild a more effective relationship on those | :08:05. | :08:08. | |
things that are vital to the safety and well-being of people in Russia | :08:08. | :08:12. | |
and in Britain. I'm pleased the President and I | :08:12. | :08:16. | |
have agreed to strengthen our cooperation in a number of areas. | :08:16. | :08:19. | |
First on our commercial relationship, we 'greeed on the | :08:19. | :08:23. | |
need to increase trade and investment between Britain and | :08:23. | :08:28. | |
Russia and on the partnership we signed to support modernisation, | :08:28. | :08:32. | |
it's good for Britain to grow our economy to other parts of the world | :08:32. | :08:39. | |
like Russia. Britain is strong in the financial and business services | :08:39. | :08:43. | |
and sectoral expertise that a diverse economy needs. We are | :08:43. | :08:47. | |
announcing �2 15 million worth of new commercial deals, creating 500 | :08:47. | :08:53. | |
jobs back home and safeguarding thousands more. From engineering | :08:53. | :09:00. | |
companies working on the new Moscow companies providing cutting edge | :09:00. | :09:03. | |
technology for the Moscow planetarium. David Cameron talking | :09:03. | :09:08. | |
in the past hour. Joining us now is Konstantin Eggert, the | :09:08. | :09:15. | |
International Affairs commentator for The local radio station. When | :09:16. | :09:20. | |
we look at relations, do bilateral relations between these two | :09:20. | :09:26. | |
countries matter very much? I think they do. First of all, because the | :09:26. | :09:30. | |
Russian political tradition is very much focused on bilateral, rather | :09:30. | :09:35. | |
than multi-lateral ties even with Europe Russia prefers to deal on a | :09:35. | :09:39. | |
case by case basis with favourite countries or not so much favourite | :09:39. | :09:42. | |
countries. Britain's one of the top investors in Russia. It's not for | :09:42. | :09:47. | |
nothing that the President, the CEO of BP was in Moscow together with | :09:47. | :09:51. | |
Prime Minister Cameron, so it's also important. I think there are | :09:51. | :09:56. | |
still big respects for the UK for its role in global politics, its | :09:56. | :10:01. | |
ability to punch above its weight in global affairs. That is | :10:01. | :10:05. | |
important too. We shouldn't felt that anything between 300 and | :10:05. | :10:09. | |
400,000 people are coming from the former Soviet Union, mostly | :10:09. | :10:13. | |
actually from Russia, residing in the UK now. That also creates a web | :10:13. | :10:17. | |
of connections. How aware are the Russians that, as | :10:17. | :10:21. | |
David Cameron arrives in Moscow, ringing in his ears are the | :10:21. | :10:26. | |
criticisms here that he is sacrificing human interest concerns | :10:26. | :10:30. | |
and putting commercial and economic links ahead of those? | :10:30. | :10:35. | |
Well, that's how the specially state-controlled television here | :10:36. | :10:40. | |
will spin it, that is interests prevail over values, that's going | :10:41. | :10:45. | |
to be the main thing. I think that there is more nuance of the British | :10:45. | :10:50. | |
position. I've had a lack of speaking to William Hague this | :10:50. | :10:55. | |
morning and he said emphatically in his view the relationship or the | :10:55. | :10:58. | |
relation link between human rights and investors' rights is pretty | :10:58. | :11:02. | |
strong so I don't think it goes away that much. But let's face it, | :11:02. | :11:07. | |
it's nothing that new. There was a desire to mend fences between | :11:07. | :11:13. | |
Moscow and London for quite some time and it was just really | :11:13. | :11:17. | |
resolutely approached by the current government now. When you | :11:17. | :11:20. | |
look at the body language between David Cameron and Dmitry Medvedev, | :11:20. | :11:23. | |
very warm, they joked about the fact that David Cameron was | :11:23. | :11:27. | |
approached to become a member of the KGB some years ago. Does this | :11:27. | :11:31. | |
matter? Vladimir Putin is the man that David Cameron might have to do | :11:31. | :11:35. | |
business with if he elected President next year? That is a | :11:35. | :11:38. | |
possibility. I do think that, especially in view of the British | :11:39. | :11:45. | |
business interests, that is one of the sort of very clear aspects of | :11:45. | :11:48. | |
this visit. With regard to the body language, I would be interested to | :11:48. | :11:51. | |
see what would be the body language between David Cameron and Vladimir | :11:51. | :11:55. | |
Putin. Their meeting should start any minute now, as far as I | :11:55. | :11:59. | |
understand. I think Medvedev and Cameron have a good link. They've | :11:59. | :12:04. | |
met each other a few times before, so it wasn't really a meeting of | :12:04. | :12:06. | |
strangers. Konstantin Eggert, on a clear sunny | :12:06. | :12:09. | |
day there in Moscow, thank you very much. | :12:09. | :12:15. | |
Still to come here on GMT: With an ageing population, the Chinese | :12:15. | :12:19. | |
government faces growing call fos change its controversial one child | :12:19. | :12:24. | |
policy. Calls for a change to its | :12:24. | :12:27. | |
controversial one child policy. Lots happening on the markets in | :12:27. | :12:34. | |
reaction to all the banking news. Let's talk more about that with | :12:34. | :12:40. | |
Aaron Heslehurst. Let's break this down a bit and look at the British | :12:40. | :12:47. | |
banking are forms, John Vickers reforms. I'll show you the markets | :12:47. | :12:51. | |
in a second, but what we and the markets are looking at are probably | :12:51. | :12:54. | |
one of the most radical shake-ups of British banking probably | :12:54. | :12:57. | |
certainly in a generation. This is all about getting the taxpayer off | :12:57. | :13:01. | |
the hook and safeguarding the system against another financial | :13:01. | :13:06. | |
crisis. A lot of recommendations in this 363-page report, things like | :13:06. | :13:10. | |
making more competition, but the number one main recommendation was | :13:10. | :13:14. | |
splitting these banks, splitting the investment, risky side of the | :13:14. | :13:21. | |
bank away from the retail side that we all use. John Vickers, the Head | :13:21. | :13:25. | |
of the report highlights why that is so important, ringfencing the UK | :13:25. | :13:31. | |
banking system. Let's have a listen. It would help insulate vital UK | :13:31. | :13:34. | |
retail banking services from global financial shocks. That's | :13:34. | :13:38. | |
particularly important for us in the UK, given the way that major UK | :13:38. | :13:43. | |
banks combine retail banking, high street banking, with global | :13:44. | :13:50. | |
wholesale and investment banking. There you go. It's all about trying | :13:50. | :13:55. | |
to safeguard against another crisis, but even if this goes into law, | :13:55. | :13:59. | |
it's still not going to come into effect until 2019, it's a long time | :13:59. | :14:04. | |
down the line. I was putting the cart before the horse a moment ago. | :14:04. | :14:09. | |
Shall we pull it around now?! Let me show you about the banking | :14:09. | :14:14. | |
stocks. Now you have told us about the cause, let's see the markets. | :14:14. | :14:20. | |
They've been teetering back and fofrpblt some experts -- back-and- | :14:20. | :14:23. | |
forth. Some experts have been saying this is not a bad thing | :14:23. | :14:26. | |
because it makes it more transparent. As an investor, you | :14:26. | :14:31. | |
want to know where the risks lie. That's what this will do. But you | :14:31. | :14:35. | |
can't have tough regulations in one country without being a global | :14:35. | :14:39. | |
regulation, so it's a global business. So will that happen - | :14:39. | :14:44. | |
this is what one expert had to say. If it does go into law, make it | :14:44. | :14:47. | |
will spark off similar conversations amongst other | :14:47. | :14:53. | |
regulators around the world. One reason why maybe we are not seeing | :14:53. | :14:56. | |
a overreaction, maybe there might be a bit of short-term pain if the | :14:56. | :15:00. | |
banks have to implement these things, ultimately the hope is they | :15:00. | :15:03. | |
can look at it and it's a lot more transparent and they can see where | :15:03. | :15:08. | |
the risks are, rather than everything all being piled into the | :15:08. | :15:18. | |
:15:18. | :15:18. | ||
one bank. Investors like this for We want to hear from you and know | :15:18. | :15:28. | |
:15:28. | :15:31. | ||
what do you think about our programme. Go to our website. | :15:31. | :15:38. | |
This is GMT from BBC World news. The headlines: Concerns over | :15:38. | :15:42. | |
spreading eurozone debt have strip good falls on stock markets across | :15:42. | :15:45. | |
Europe. Scores of people have been killed | :15:45. | :15:50. | |
after a fire broke out in a fuel pipeline in the Kenyan capital of | :15:50. | :15:56. | |
Nairobi. Turkey has become an increasingly | :15:56. | :16:00. | |
assertive play in the Middle East. Its Prime Minister, Recep Tayyip | :16:00. | :16:03. | |
Erdogan, is beginning a tour of the three Arab countries that have | :16:03. | :16:09. | |
overthrown their leaders this year, Egypt, Tunisia and Libya. There was | :16:09. | :16:15. | |
speculation he would travel to Gaza but that plan has been shelved. | :16:15. | :16:21. | |
Let's talk about the implications of this visit. Let's go to | :16:21. | :16:26. | |
Washington and talk to a Turkish affairs analyst. His turkey trying | :16:26. | :16:30. | |
to play an increasingly assertive role in the Middle East and people | :16:30. | :16:35. | |
are talking about reviving its old Ottoman ambitions? I don't think it | :16:35. | :16:41. | |
has got anything to do with an Ottoman ambition. Turkey has found | :16:41. | :16:47. | |
itself at a unique conjunctiva. And it is awareness it makes some | :16:47. | :16:52. | |
engagements in its neighbourhood it will lose out. But Recep Tayyip | :16:52. | :16:57. | |
Erdogan arrives at an unsettled time in Egypt, where you have seen | :16:57. | :17:01. | |
the mood against Israel hardening with the attacks on the Israeli | :17:01. | :17:06. | |
embassy in Cairo. Recep Tayyip Erdogan has expelled the Israeli | :17:06. | :17:11. | |
ambassador from Ankara over his refusal to apologise over the raid | :17:11. | :17:16. | |
on Gaza last year in which nine activists were killed. Do you see | :17:16. | :17:20. | |
that mood hardening towards Israel and what would be the impact of VAT | :17:20. | :17:26. | |
by Turkey? If you look at the reaction Turkey has given to Israel | :17:27. | :17:30. | |
since 2080 when the relationship between two countries started been | :17:30. | :17:34. | |
strained. It has been measured, even though public statements can | :17:34. | :17:39. | |
come across as irrational or emotive. Recep Tayyip Erdogan's | :17:39. | :17:44. | |
decision not to go to Gaza reflects the fact that what turkey wants is | :17:44. | :17:48. | |
not an out of control tension with Israel, Turkey has a genuine | :17:48. | :17:54. | |
grievance against Israel in the sense that it still demands an | :17:54. | :17:58. | |
apology from Israel over the murder of nine Turkish students. One of | :17:58. | :18:03. | |
the reasons the Prime Minister did not push through with the cars idea | :18:03. | :18:08. | |
is the domestic context in Egypt. This visit is not necessarily a | :18:08. | :18:13. | |
reaction against Israel but it is a long-term plans initiative by the | :18:14. | :18:19. | |
Prime Minister's office. They want Tonga strikers with Egypt, Tunisia | :18:19. | :18:25. | |
and Libya and this demonstrates the primary focus on Turkish foreign | :18:25. | :18:30. | |
policy engagements in Africa and the Middle East is about strategic | :18:30. | :18:35. | |
relationships, not necessarily seeking to create conflict in the | :18:35. | :18:40. | |
region. His turkey quite content it with the Arab spring and the | :18:40. | :18:44. | |
toppling of dictators? Is it concerned this may bring in some | :18:44. | :18:49. | |
instability and if so, does it have any role to play in trying to | :18:49. | :18:53. | |
maintain stability in the region? Turkey has been quite positive | :18:53. | :18:57. | |
about their allotments in North Africa. It has opened a lot of new | :18:57. | :19:03. | |
possibilities for Turkey to engage with the emerging actors and | :19:03. | :19:07. | |
improve its power in the region. I think the question of what will | :19:07. | :19:11. | |
happen next in Syria has been the most precarious and concerning one | :19:11. | :19:17. | |
for Turkey. It shares a border with the country and everything that | :19:17. | :19:21. | |
happens in Syria house domestic implications for Turkey. But Turkey | :19:22. | :19:28. | |
has followed a democracy promoting and optimistic engagement towards | :19:28. | :19:34. | |
the social changes in the region. It won it a lot of brownie points | :19:34. | :19:42. | |
in the crowds in the region. One of Colonel Gaddafi's songs is | :19:42. | :19:47. | |
being escorted to the couple of Niger, Niamey at the crossing the | :19:47. | :19:55. | |
border from Libya. One of the authorities say a convoy carrying | :19:55. | :19:59. | |
Saadi and other Libyans was intercepted by troops. In Libya, | :19:59. | :20:04. | |
rebels are closing in on two Colonel Gaddafi's strongholds at | :20:04. | :20:10. | |
Bani Walid and Sirte were pockets of resistance are continuing. For | :20:10. | :20:15. | |
more on those developments and the role NATO is claimed, let's go to | :20:15. | :20:20. | |
our central London studio and talk to the NATO Secretary-General, | :20:20. | :20:23. | |
Anders Fogh Rasmussen. You said the mission wouldn't be | :20:23. | :20:27. | |
accomplished well there was still a threat to Libyan civilians by Pro | :20:28. | :20:32. | |
Gaddafi forces. Therefore, what is the role you are playing in these | :20:32. | :20:36. | |
battles for control of Bani Walid and Sirte? Are you giving cover for | :20:36. | :20:40. | |
the forces of the National Transitional Council? | :20:40. | :20:45. | |
We are playing exactly the same role as we have done throughout | :20:45. | :20:49. | |
this operations. And that is to protect civilians against any | :20:49. | :20:55. | |
attacks and we have seen that it remnants of the Gaddafi regime | :20:55. | :20:58. | |
still constitute a threat to civilians, and this is the reason | :20:59. | :21:04. | |
why we still conduct operation. effective are those operations? | :21:04. | :21:09. | |
When you look at the town of Bani Walid where there have been street | :21:09. | :21:13. | |
to street battles, lots of civilians in that area. It is | :21:13. | :21:19. | |
limited, what NATO can do to help the anti-EC forces, isn't it? | :21:19. | :21:25. | |
are there to protect civilians and during the last 72 hours we have | :21:25. | :21:32. | |
carried out quite a number of operations, including air strikes | :21:32. | :21:39. | |
and we have hit quite a number of military targets. So, we have done | :21:39. | :21:44. | |
a lot and we will continue these operations as long as necessary. | :21:44. | :21:49. | |
you feel the Libyan operation is in its final stages and pretty soon we | :21:49. | :21:58. | |
will see a victory? I think we are in the final phase now. It is our | :21:59. | :22:02. | |
intention to terminate the operation as soon as the situation | :22:02. | :22:08. | |
allows. But, we have also clearly stated we are prepared to continue | :22:08. | :22:14. | |
as long as a threat still exists. What constitutes a victory in | :22:14. | :22:18. | |
NATO's definition? The catcher, surrender or killing of Colonel | :22:18. | :22:26. | |
Gaddafi himself? How would you define it? -- capture. I have | :22:26. | :22:31. | |
distressed neither Gaddafi, his family or any individuals who are | :22:31. | :22:39. | |
targets of the NATO operation. -- to stress. We have to decide on a | :22:39. | :22:42. | |
possible termination of operation and a number of factors would be | :22:42. | :22:47. | |
including, primarily of course the capacity of the National | :22:47. | :22:53. | |
Transitional Council to protect the civilian popularity. -- population. | :22:53. | :22:58. | |
That is key in the mandate we have got from the United Nations. | :22:58. | :23:05. | |
have now seen Saadi Gaddafi crossing into Niger. To what extent | :23:05. | :23:08. | |
can NATO carry out surveillance operations of these convoys | :23:08. | :23:13. | |
crossing borders to try to ensure Colonel Gaddafi himself does not | :23:13. | :23:17. | |
slip in like that. Because he is wanted by the International | :23:17. | :23:20. | |
Criminal Court. Although you are not targeting him, can you help | :23:20. | :23:25. | |
find him? It is not part of our mandate, it is not part of our | :23:25. | :23:30. | |
operation. We will continue operation on exactly the same basis | :23:30. | :23:36. | |
as previously, to protect the civilian population against attack. | :23:36. | :23:40. | |
Sono surveillance information about the convoys moving out of the | :23:40. | :23:44. | |
country? We are continuing surveillance operations with the | :23:44. | :23:49. | |
aim to support our operations to protect civilians. Anders Fogh | :23:49. | :23:55. | |
Rasmussen, thanks for joining us. It has been more than 30 years | :23:55. | :23:59. | |
since China first introduced its one-child policy. That has kept | :23:59. | :24:04. | |
population growth checked, but there have been serious | :24:04. | :24:07. | |
consequences that of putting pressure on the authorities to | :24:07. | :24:13. | |
relax that policy. As we report from the southern China city of | :24:13. | :24:18. | |
Guangzhou. Guangzhou is the capital of China's | :24:18. | :24:21. | |
manufacturing heartlands. It is the engine of the country's remarkable | :24:21. | :24:26. | |
growth. There are fears the economy could stalled because of a shortage | :24:26. | :24:32. | |
of workers. They have been public calls for changes to be made to the | :24:32. | :24:36. | |
country's one-child policy. Officials want to reconfigure | :24:36. | :24:42. | |
Chinese society so it runs more smoothly in the future. | :24:42. | :24:47. | |
The one-child policy began a generation ago. It was designed to | :24:47. | :24:53. | |
prevent overcrowding. Most children born in the city's have not got | :24:53. | :25:03. | |
:25:03. | :25:03. | ||
siblings, but they do have more opportunities. This child get her | :25:03. | :25:06. | |
mother's for attention, but she says she would benefit from having | :25:06. | :25:13. | |
a brother or sister. TRANSLATION: She is on her own so | :25:13. | :25:16. | |
she is lonely and selfish. I think it would be good for her to have a | :25:16. | :25:21. | |
playmate. It would be good for her to develop and socialise with other | :25:21. | :25:27. | |
people. She worries about her daughter's future. As an only child | :25:27. | :25:30. | |
she will have to care for her parents and grandparents when she | :25:30. | :25:35. | |
grows up. It is a problem facing the entire country. Chinese society | :25:36. | :25:41. | |
is rapidly ageing. The growing costs of social care are being met | :25:41. | :25:48. | |
by a shrinking number of workers. But for now, China's one-child | :25:48. | :25:52. | |
generation are enjoying personal freedoms and prosperity denied to | :25:52. | :25:58. | |
their parents. Tan Li Ying has just got married and wants to start a | :25:58. | :26:05. | |
family. But she says one child will be enough. | :26:05. | :26:08. | |
TRANSLATION: There are already too many people in China and if you | :26:08. | :26:11. | |
have more than one child, you cannot guarantee they will get the | :26:11. | :26:16. | |
best opportunities. But her friend believes the policy | :26:16. | :26:19. | |
must change. TRANSLATION: People want more | :26:19. | :26:25. | |
choice. China may be a country where the | :26:25. | :26:31. | |
authorities have the final say, but they have created a generation that | :26:31. | :26:37. | |
is less willing to follow the party line. | :26:37. | :26:41. | |
And that's all from this edition, but before we go, let's bring you a | :26:41. | :26:46. |