17/06/2011

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:03:04. > :03:13.to 70% would render the ECB close to 70% would render the ECB close

:03:13. > :03:14.to 70% would render the ECB close that Greek default would impose

:03:15. > :03:18.direct losses on loans made by direct losses on loans made by

:03:18. > :03:22.French, German and Belgian banks to Greece. The third is that it would

:03:22. > :03:26.trigger losses contracts from US banks which have

:03:26. > :03:32.bet heavily that Greece wouldn't default. Of those three,

:03:33. > :03:39.think the last is likely to the next couple of months. Today

:03:39. > :03:46.Prime Minister Papandreou reshuffled his Cabinet. Out went the western

:03:46. > :03:56.oriented oriented technocrat who negotiated

:03:56. > :03:57.

:03:57. > :04:00.the austerity package and in came Mr Venitsalos. The advantage isn't

:04:00. > :04:07.obvious. The old guy was western oriented but had little roots in

:04:07. > :04:15.business Mafias that run Greece so he was pulling levers which just

:04:15. > :04:19.aren't working. The next man party bruiser so things may change.

:04:19. > :04:23.TRANSLATION: I told the defence ministry that today I leave from

:04:23. > :04:27.defence to go to the real war and come here in the name of the Greek

:04:27. > :04:33.people because they are the managers of the crisis. They are the

:04:33. > :04:38.ones called to make sacrifices. Only with people, only with society, only

:04:38. > :04:45.with the productive forces climate of consensus and mutual

:04:45. > :04:50.understanding can we carry out this great historic challenge. In Berlin

:04:50. > :04:54.meanwhile a climbdown. Chancellor Merkel suddenly persuaded not to

:04:54. > :05:00.insist on making investors bear the cost of the second bail-out.

:05:00. > :05:05.The crunch comes on Sunday with a confidence vote. If he wins,

:05:05. > :05:09.Papandreou will most likely try to re-negotiate the austerity package

:05:09. > :05:15.with the EU. If he doesn't, the opposition may yet again come into

:05:15. > :05:18.frame with calls for a national unity coalition. TRANSLATION: We

:05:18. > :05:21.have before us a difficult negotiation. These next days are

:05:21. > :05:25.critical because the handling of our country's crisis in the European

:05:25. > :05:28.Union had some not so correct calculations. The crisis has now

:05:28. > :05:36.spread and the right solution for our country will be the

:05:36. > :05:38.But the problem remains. Any serious But the problem remains. Any serious

:05:39. > :05:46.austerity package stands the chance of plunging this economy so

:05:46. > :05:50.into recession that it out. The people here want a default.

:05:50. > :05:54.Luke, the world famous riot dog, be resting now but he and the

:05:54. > :05:57.protesters are prepared for more. On the streets and in the Parliament,

:05:57. > :06:01.everybody knows this is just the lull.

:06:01. > :06:05.In the last hour Paul has managed to In the last hour Paul has managed to

:06:05. > :06:11.escape from baggage reclaim at Heathrow and hot footed it to the

:06:11. > :06:17.studio. The Greeks want to re-negotiate this austerity package.

:06:17. > :06:22.What do they want? The principle of the renegotiation will be social

:06:22. > :06:25.justice, so this is delivering to the social base in Greece. They are

:06:25. > :06:29.working on changes they want to the thing they have already signed up

:06:29. > :06:33.with the European Union, will be trying to soften some of the

:06:33. > :06:37.blows that what we call the horizontal cuts, so cuts in welfare,

:06:37. > :06:40.cuts in wages. The other thing he said is that the fiscal story

:06:41. > :06:46.have to be delayed. Now, slightly speaking in riddles, but I

:06:46. > :06:49.read it as that they will ask for some forbearance. They

:06:49. > :06:58.going for such a big cut in the of the Greek state, which

:06:58. > :07:04.to be cut from about 55% to about 40-something% in about three years

:07:04. > :07:07.of GDP. How worried do you think those leaders are, particularly

:07:07. > :07:11.Sarkozy and Merkel? If they've got their intelligence services as well

:07:11. > :07:15.as their global and national on the job, their first worry is not

:07:15. > :07:18.going to be contagion taking down the banking system. That's going to

:07:18. > :07:22.be their second worry. Their first worry is going to be, and

:07:22. > :07:26.should be given what I've seen this week, a breakdown of European

:07:26. > :07:30.solidarity because the Greek people are beginning to think of this in

:07:30. > :07:34.Nationalist terms. An anarchist to me: I never went on demos with

:07:34. > :07:38.the Greek flag. Now I'm cool with it. We are all together. And you've

:07:38. > :07:44.got this re-thinking of the crisis as Greece versus the rest of Europe.

:07:44. > :07:49.Then, yes, it's the banking crisis. If we do get the Greek banks taken

:07:49. > :07:52.down, as you saw there 45% of the debt is held by Greek institutions,

:07:52. > :07:55.they default on half of it, the end of the Greek economy. That

:07:55. > :08:00.speeds over and spills over to rest of Europe. That's going to be

:08:00. > :08:03.their worry but the first one political. Thanks. I'm joined now

:08:03. > :08:07.by the equities investor Julian Pendock, Gideon Rachman

:08:07. > :08:13.Financial Times and Katinka of the Centre for European Reform.

:08:14. > :08:17.Is this Lehman Brothers 2? it could well be because no one

:08:17. > :08:23.foresaw the carnage when Lehman Brothers went down. People

:08:23. > :08:26.understand the interconnectivity. We do know that France and Germany have

:08:26. > :08:30.the most direct exposure to periphery nations. Secondly, what we

:08:30. > :08:35.don't know because the banking stress tests have not forced the

:08:36. > :08:39.banks to reveal how much is in their banking books is exposed to the

:08:39. > :08:44.peripheries, the degree of interconnectivity. So the problem

:08:44. > :08:49.with Lehman's is once they went down banks decided that, if we don't know

:08:49. > :08:53.how to value our balance sheets, we are going to stop doing business

:08:53. > :08:56.with other banks and then you have a Europe-wide banking crisis. So for

:08:56. > :09:00.those who say Greece is such a part of the eurozone, it doesn't

:09:00. > :09:08.matter, I think they are missing much bigger picture. Do British

:09:08. > :09:10.people get this? Because we can't quite stand idly by and watch

:09:10. > :09:14.this happen, can we? No, I don't think they do. There is a

:09:14. > :09:19.potentially dangerous problem for the British government in that the

:09:19. > :09:22.Brits tend to pat themselves on the back: we were clever,

:09:22. > :09:27.the euro, it's not really our mess. You can see that in the

:09:27. > :09:30.of the British to get involved in the bail-outs to a full extent but

:09:30. > :09:34.if there is a Europe-wide crisis we get sucked in

:09:34. > :09:39.these are our major trading partners. We heard Paul talking

:09:39. > :09:44.about that as people seeing it in Nationalist terms. Some people in

:09:44. > :09:48.Germany are seeing it that way. heard Germans saying: why should I

:09:48. > :09:54.pay my taxes for people who don't work hard and pay their taxes? They

:09:54. > :09:58.might be wrong or right but how some see it? My sense is that

:09:58. > :10:05.the mood in Germany is now more nuanced than a year ago. A year ago

:10:05. > :10:09.the mood was: the Greeks had a party, they trashed their house, let

:10:09. > :10:17.them clean it up. They were going to tide them over but there was

:10:17. > :10:22.understanding of how deep trouble in Greece was. That has now

:10:22. > :10:25.shifted. How much austerity can you impose on an economy that is already

:10:25. > :10:31.shrinking so much and can we actually afford a scenario in which

:10:31. > :10:34.the euro itself is under threat? So the debate is a bit more nuanced.

:10:34. > :10:42.It's absolutely right, the political solidarity is not necessarily there

:10:42. > :10:45.to use taxpayers' money ad infinitum to transfer it to poorer nations in

:10:45. > :10:48.the south of Europe but there is also a sense that the euro is at

:10:48. > :10:52.stake and the Germans are still very much prepared to do what it takes

:10:52. > :10:56.save this. But if people get how important Greece is to the rest

:10:56. > :11:00.Europe it's also true perhaps that they have less faith in their own

:11:00. > :11:05.European elites? The Greek government has its problems, the

:11:05. > :11:07.German government has its problems, Sarkozy has his problems and to talk

:11:08. > :11:13.about European solidarity moment doesn't play well

:11:13. > :11:21.everybody, does it? No, not at all. 50% of people in Germany weren't

:11:21. > :11:24.allowed to vote on joining the euro and so once again you see the

:11:24. > :11:27.periphery governments, just changing, shifting deck chairs on

:11:27. > :11:31.the Titanic and the problem that Europe faces as a whole is that the

:11:31. > :11:35.whole system was designed not to arrive in this position because it's

:11:35. > :11:39.almost impossible to get out of, so from here you have two choices:

:11:39. > :11:43.you have a move towards currency area which means a federal

:11:43. > :11:48.superstate like the US, where California can bail out Michigan,

:11:48. > :11:53.for example; or do you have a break-up and have some members of

:11:53. > :11:58.the eurozone, southern bloc, leaving the euro? Do you agree with that,

:11:58. > :12:02.that Europe is absolutely at a crossroads, where an Eurosceptic or

:12:02. > :12:05.a real europhile there has to be big change as a result of this?

:12:05. > :12:11.Yes, I think that's the debate that's beginning to emerge. If you

:12:11. > :12:14.speak to the real europhiles a lot will say the only way out of this is

:12:14. > :12:18.through political union, like setting up a European Ministry of

:12:18. > :12:22.Finance, much bigger financial transfers of the sort that were just

:12:22. > :12:25.referred to, sort of moving towards an US model where you have a

:12:25. > :12:27.federal system. The trouble is there's no evidence that's

:12:27. > :12:36.politically acceptable to the electorates of Europe. There was

:12:37. > :12:41.sort of gamble among some of the federalists that there would almost

:12:41. > :12:45.be an automaticity, but that hasn't happened because people

:12:45. > :12:48.willing to buy it. Do you with that? I do, in a way this is

:12:48. > :12:51.calling Europe's bluff. It was when good times were rolling to talk

:12:51. > :12:55.about an ever closer union and the European Union was always

:12:55. > :12:58.to go forward. Now we are in a crisis situation, we find out

:12:58. > :13:03.the political fabric we needed for this is just not there, so I think

:13:03. > :13:06.what's going to happen first is, rather than a federal superstate

:13:06. > :13:10.emerging, those countries that come up with the cash will set very tough

:13:10. > :13:14.rules for those countries the moment are in trouble. Now, this

:13:14. > :13:19.is somewhat ironic because, when Europe was set up part of the

:13:19. > :13:24.rationale of it was to reduce the dominance of the Bundestag, that it

:13:24. > :13:31.had over European economies, and give other countries in Europe at

:13:31. > :13:34.least a share of the decision-making - and we are now going back to a

:13:34. > :13:38.situation where other core countries together with the Netherlands

:13:38. > :13:42.the other countries exactly do. I will bring in

:13:42. > :13:47.well just to hear what you think. Does anybody say in Greece: it would

:13:47. > :13:50.be a great mercy if we had the drachma back, we could devalue,

:13:51. > :13:54.tourists would flood back and we would be out of this. They

:13:54. > :13:57.still be poor. One old guy said to me on the streets I would rather be

:13:57. > :14:01.poor than take any more money from the European Union. That's the way

:14:01. > :14:05.they think about it. I think it's likely. Because the problem is, we

:14:05. > :14:10.are talking here about the known, aren't we? We are talking about what

:14:10. > :14:13.we expect to happen. But this is a social breakdown going on in Greece

:14:13. > :14:19.and, if he doesn't get the confidence or if he does and they

:14:19. > :14:24.form a national government, it's one step closer to the kind of Bolivian

:14:24. > :14:29.leftist President who was preceded by a unity government of technocrats

:14:29. > :14:33.and I think the opponents of the whole system who are quite large,

:14:33. > :14:38.are thinking: bring it on. Bring a national government. What do you

:14:38. > :14:41.think of that? Let's take a step back. Number one, you don't help

:14:41. > :14:46.someone who is bankrupt by them with more debt,

:14:46. > :14:54.interest you take, and number two, I do believe that unity is fragmenting

:14:54. > :14:59.across Europe. Isn't it set to fail? That great thing we said a few

:14:59. > :15:02.years ago about certain banks: it can't fail, it has to be bailed out

:15:02. > :15:07.because the consequences of doing so are so awful? Yes, but

:15:07. > :15:11.think the phrase that will be entering the lexicon, and we have

:15:12. > :15:15.seen unrest on the streets of Greece, is austerity fatigue because

:15:15. > :15:20.inside what's known as internal devaluation because traditional IMF

:15:20. > :15:24.medicine is you do devalue as have just discussed, if you can't do

:15:24. > :15:29.that then your wages have to go down, asset prices like your house

:15:29. > :15:33.prices go down, you get stuck; there's less mobility of labour

:15:33. > :15:36.people get worse and worse off. Then you get social instability. That's a

:15:36. > :15:40.description of a vicious circle, isn't it, because that doesn't get

:15:40. > :15:43.you out of it but deeper into it? No, and there is a re-thinking

:15:43. > :15:46.on at the moment. I cannot quite foresee a scenario yet in which

:15:46. > :15:49.Greece or any other country leaves the eurozone. Greece is not actually

:15:49. > :15:52.a very open economy. It's quite closed, so even a big devaluation

:15:53. > :15:56.wouldn't do an awful lot for the country to restore growth. What it

:15:56. > :16:01.needs is fundamental reform and they have started, and Greece is a small

:16:01. > :16:06.economy. It might actually around relatively quickly. It is

:16:06. > :16:10.totally right that it is a matter of how much is politically feasible in

:16:10. > :16:13.Europe, but there will be another package to tide Greece over. At

:16:13. > :16:16.point in time they will have to write down the debt. At that

:16:16. > :16:20.in time probably there won't be much of that debt left in the

:16:20. > :16:23.banking sector; it will all be in public hands so it will be the

:16:23. > :16:28.taxpayers in the rest of Europe who have to swallow some of these

:16:28. > :16:35.losses, but these are not enormous sums. As long as we can contain it -

:16:35. > :16:39.Well, not yet. As long as Spain and Italy don't come into the equation -

:16:39. > :16:43.yes. Gideon? It seems to me the key point is the one that Paul was

:16:43. > :16:48.making: how politically sustainable is this? Greece is an extreme

:16:48. > :16:53.example of a country that saw its salvation as Europe. Europe

:16:53. > :16:56.associated with rising prosperity, with democracy, and that whole

:16:56. > :17:01.narrative has turned around and now they feel almost like they are being

:17:01. > :17:04.colonised by Brussels, by and people react badly to that.

:17:04. > :17:07.Paul, you would chime with that, sort of things

:17:07. > :17:10.on the streets? Yes, I think it's impossible until you have been

:17:10. > :17:15.to get your head around the scale of the social crisis. It's not

:17:15. > :17:21.Portugal, it's not Ireland, it's not Spain, it's not Egypt. Cairo was

:17:21. > :17:26.calmer. The streets of Greece are full of single male migrants and

:17:26. > :17:30.single male poor Greeks and I think, if people think it's the demos or

:17:30. > :17:34.the 2 or 3,000 anarchists in balaclavas who have caused this,

:17:34. > :17:39.well, they have put the edge on but the politicians can't survive

:17:39. > :17:42.forever driving to and from places in closed limos and behind shutters

:17:42. > :17:45.when they are surrounded by social breakdown. That is what has caused

:17:45. > :17:48.the rethink and I think that you are right, that is what is causing the

:17:48. > :17:52.rethink in Brussels, Paris and Berlin. Thank you very

:17:52. > :17:54.much. Now, the Conservative Philip Davies suggested in the

:17:54. > :17:58.Commons today that disabled people might benefit from being allowed to

:17:58. > :18:02.work for less than the minimum wage. He said that the minimum wage

:18:02. > :18:06.prevents those people from being given the opportunity to get to the

:18:06. > :18:10.first rung on the employment ladder. Campaigners for disabled people

:18:10. > :18:15.variously said this was nonsense, preposterous, outrageous and would

:18:15. > :18:18.take Britain back decades. Here is some of what he had to say. When I

:18:18. > :18:22.went to visit Mind and I spoke people there that were using

:18:22. > :18:27.service offered by that charity, they were absolutely upfront with me

:18:27. > :18:31.and they said that when they went for a job and they came across

:18:31. > :18:37.situation where there was people who had applied for that job,

:18:37. > :18:41.they've got mental health problems; other people haven't. They said to

:18:41. > :18:44.me: who would you take on? They were quite accepting of the fact that

:18:44. > :18:46.was inevitable that the employer would take on the person who hadn't

:18:46. > :18:51.got any mental health problems, given that they were both going to

:18:51. > :18:53.have to be paid the same rate. Given that some of those people with

:18:54. > :18:59.learning disability clearly by definition can't be as productive in

:18:59. > :19:02.their work as somebody who hasn't got a disability of that nature,

:19:02. > :19:05.then it was inevitable that given the employer was going to have

:19:05. > :19:09.pay them both the same they were going to take on the person who was

:19:09. > :19:14.going to be more productive, less a risk and that was doing those

:19:14. > :19:18.people a huge disservice. I'm joined now by the Conservative MP Philip

:19:18. > :19:22.Davies and by Liz Sayce of RADAR, the leading organisation helping

:19:22. > :19:26.people with disabilities. Why should disabled people become cheap labour?

:19:26. > :19:31.Well, I didn't solely feature disabled people in my speech. This

:19:31. > :19:35.is something that the media have latched onto. I made the point - You

:19:35. > :19:37.did say it though and Downing Street repudiated it. You said it

:19:37. > :19:41.undermines fairness in the place. No, no, I said that

:19:41. > :19:44.who was having difficulty in accessing the jobs market should

:19:44. > :19:48.able, if they chose to - they shouldn't have to, shouldn't be

:19:48. > :19:51.expected to - but if they chose to, were trying to build up some work

:19:51. > :19:55.experience and weren't getting the opportunity, they should be able to

:19:55. > :19:58.if they chose to, to work below the minimum wage. Are you actually

:19:58. > :20:02.saying that disabled people were better off when there was no

:20:02. > :20:06.wage? I was pointing out that was said to me by people at

:20:06. > :20:09.Mind, the service users at Mind said that they encountered this

:20:09. > :20:15.problem - Are you saying that people with disabilities were better off

:20:15. > :20:21.before the minimum wage? No, I before the minimum wage? No, I made

:20:21. > :20:24.the point in my speech - You they were better off - if you

:20:24. > :20:27.let me answer, lots of people have benefited from the minimum wage.

:20:27. > :20:30.Lots of people, with or without disabilities, but we

:20:30. > :20:33.heads in the sand and pretend there isn't an issue, there's lots of

:20:33. > :20:36.people out there who haven't got job who are finding it very

:20:36. > :20:39.difficult to get a job and for those people, some of the

:20:39. > :20:43.former prisoners, people disabilities, people who leave

:20:43. > :20:48.school with no qualifications, actually the status quo is doing

:20:48. > :20:50.them a great disservice. Why did many disability groups and people

:20:50. > :20:53.with disabilities find this really offensive? Well, I think it was

:20:53. > :20:57.insulting to kind of assume that just because you are

:20:57. > :21:00.you are going to be less productive, have less to contribute. We need to

:21:00. > :21:03.think about assets that people bring and also about the support that

:21:03. > :21:06.people need in order to be productive. So if, for example,

:21:06. > :21:10.are blind and you don't have right software on your computer,

:21:10. > :21:13.then of course you are not going to be productive because you can't work

:21:13. > :21:16.on a par with everybody else. Aren't you describing a

:21:16. > :21:19.we would like, which is people having much more equality of

:21:19. > :21:22.opportunity, no matter what their background or disability may be, but

:21:22. > :21:25.that's not the world we live in? world we live in is very

:21:25. > :21:29.competitive, tough to get a job and people with disabilities,

:21:29. > :21:33.unfortunately, tend to be at the of the queue? I think for the last

:21:33. > :21:35.couple of decades we have been fighting hard for equality. We have

:21:35. > :21:39.anti-discrimination law and employment rates

:21:39. > :21:42.have been going up and we now know - I've just done an independent Review

:21:42. > :21:46.for government, we know what works and it's not dropping the minimum

:21:46. > :21:49.wage. What it is is support that is flexible for individuals and

:21:49. > :21:54.employer knowing that there's somebody to turn to for advice if

:21:54. > :22:00.they need it and there's all sorts of types of support that mean that

:22:00. > :22:04.people with learning disabilities who Philip mentioned can have the

:22:04. > :22:10.instruction they need to do a job. They have status with their families

:22:10. > :22:16.and communities as never before. is she wrong? No, not at all. So

:22:16. > :22:19.therefore everything is fine? No, what I am saying is it may be

:22:19. > :22:23.unpalatable but we have lots of people with or without disabilities

:22:23. > :22:27.who want a job and can't find one. The preposterous situation where

:22:27. > :22:33.it's fine for somebody to go and work for nothing, but if they said I

:22:33. > :22:37.want to work for �5 an hour to prove myself for a short period of time,

:22:37. > :22:41.that's - Why do you think Downing Street ran away from your comments

:22:41. > :22:47.like a scolded dog? They are fundamentally wrong but they

:22:47. > :22:52.think that plays to the chord that people want to call them the nasty

:22:52. > :22:57.party. I'm actually highlighting real issue for lots of vulnerable

:22:57. > :23:03.people in the country and we can pretend there isn't a problem, it's

:23:03. > :23:06.an unpalatable truth but what I'm saying is with employers being

:23:07. > :23:10.reluctant to take on people, true. That bit is true and

:23:10. > :23:13.Davies says some people with disabilities have said they would

:23:13. > :23:16.take a job at less than minimum wage. Absolutely. Some people

:23:16. > :23:21.obviously work in voluntary work for nothing. I don't dispute

:23:21. > :23:25.people may have said that but just done a rue speaking to hundreds

:23:25. > :23:31.of people and that is not disabled people are saying. They are

:23:32. > :23:35.saying we want fair chances to get jobs. It's not rocket science. We

:23:35. > :23:37.can do this and I think otherwise we are just entrenching

:23:37. > :23:42.inequality. We are saying disabled people can work for less than

:23:42. > :23:46.minimum wage. It sounds like exploitation to me. But aren't

:23:46. > :23:50.having your head in the sand about this because it's a very competitive

:23:50. > :23:54.job market and employers will discriminate, whether we think it's

:23:54. > :23:57.legal or good, they do do that? Well, I think what we need is the

:23:57. > :24:02.opportunity for disabled people to get into apprenticeships, to get

:24:02. > :24:03.internships, work experience, and that is a growing area. There are

:24:03. > :24:08.number of employers number of employers doing very good

:24:08. > :24:11.work in this area and there's also a law to challenge employers that are

:24:11. > :24:15.not doing their bit. I think things are gradually moving in the right

:24:15. > :24:19.direction but I have just been doing a review that made recommendations

:24:19. > :24:23.to double the number of people would provide the support that

:24:23. > :24:28.this possible. You don't want a minimum wage for anybody?

:24:28. > :24:33.would prefer it if there was a private agreement between employers

:24:33. > :24:36.and employees. But it seems preposterous to me that we want

:24:36. > :24:40.disabled people to be in internships where they are paid nothing but it's

:24:40. > :24:45.totally offensive to suggest they might take a job at �5 an hour.

:24:45. > :24:49.Surely it's more offensive that get jobs for nothing than taking

:24:49. > :24:52.jobs just below the minimum wage for a short period of time to prove

:24:52. > :24:56.themselves to an employer who might be reluctant. We will leave it

:24:56. > :25:02.there, thank you. In Canada there was a riot recently after

:25:02. > :25:05.hockey match as the police in full Robocop deer piled in to clear

:25:05. > :25:10.protesters, a photographer took a picture of a young couple appearing

:25:10. > :25:15.to be kissing in the middle the mayhem. It became an internet

:25:15. > :25:20.sensation. We try to work out what was really going on and what makes

:25:20. > :25:22.an iconic photograph. A kiss is a lovely kiss.

:25:22. > :25:27.They are not just kissing, they are They are not just kissing, they are

:25:28. > :25:35.making out, aren't they? Second or third base.

:25:35. > :25:40.# I have been looking for so long at # I have been looking for so long at

:25:40. > :25:40.# I have been looking for so long at these pictures of you #

:25:41. > :25:41.these pictures of you # these pictures of you #

:25:41. > :25:43.Incredibly these are Canadians and Incredibly these are Canadians and

:25:43. > :25:48.# I have been they are rioting over an ice hockey

:25:48. > :25:53.game. In the midst of the skirmishes between fans and riot police in

:25:53. > :25:57.Vancouver a photographer took a picture of a young couple apparently

:25:57. > :26:03.embracing on the street. They been identified as Scott Jones and

:26:03. > :26:05.his girlfriend, Alex Thomas. I it's special for lots of reasons

:26:05. > :26:09.really. The policeman in the foreground out of focus is really

:26:09. > :26:14.strong and very well placed in the frame. The kiss is a lovely kiss,

:26:14. > :26:18.you know. There's moments that it looks boring, ugly,

:26:18. > :26:21.clumsy, but this is just the delicate moment that he is caught

:26:21. > :26:29.and as I say the colour, I don't know if it's street lighting

:26:29. > :26:32.smoke in the background, just gives it that vibrancy.

:26:32. > :26:37.But was it a kiss at all? Another But was it a kiss at all? Another

:26:37. > :26:44.picture of the scene suggests rather different interpretation. I

:26:44. > :26:48.think it was Cartier Bresson who said you can reconfigure the world

:26:48. > :26:52.totally if you are a photographer just by moving a few paces to the

:26:52. > :26:56.left and of course another picture of the same scene taken from

:26:56. > :26:59.makes it clear that actually this isn't a kiss, that some sort of

:27:00. > :27:03.accident has taken place. I one of the things about all of these

:27:03. > :27:10.pictures is that what you tend to get is a huge narrative, compressed

:27:10. > :27:14.into it. Then it's up - then you can read the picture, you can expand the

:27:14. > :27:17.moment depicted and build a around it.

:27:17. > :27:20.In the past couple of hours In the past couple of hours

:27:20. > :27:24.Newsnight has caught up with an eyewitness, a reporter who was

:27:24. > :27:28.covering the ice hockey riot. I think it was a kiss. He was trying

:27:28. > :27:32.to just make sure she felt comforted. I am sure she was hurt a

:27:32. > :27:40.little, so in the middle of that chaos, and you got to remember flash

:27:40. > :27:44.bank bangs were going off so that is pretty disorienting, so I think he

:27:44. > :27:48.was just being a good lover and helping her up.

:27:48. > :27:51.There's something about love across There's something about love across

:27:51. > :27:55.the barricades, says the man who took this picture during the poll

:27:55. > :28:01.tax riots. I think it's the conjunction of the flames of London

:28:01. > :28:05.burning, the police, the feeling of tension that you still get and their

:28:05. > :28:12.complete lostness in each other, the woman and

:28:12. > :28:15.woman and - her name is Lawrence and the guy is Nidge I found out later

:28:15. > :28:19.and they were just out of and out of everywhere, they

:28:19. > :28:25.just in each other. She is pregnant in that picture by the way and now

:28:25. > :28:28.But ever since this famous French But ever since this famous French

:28:29. > :28:34.kiss in postwar Paris was have been a little stage-managed by

:28:34. > :28:39.the photographer, Robert Doisneau, some of us are sceptical about such

:28:39. > :28:43.striking images of intimacy. I reckon the worldwide disappointment

:28:43. > :28:49.about the Robert Doisneau kiss was enormous. With this one, I think,

:28:49. > :28:54.OK, if it turns out that it was kind of set-up, it would be

:28:54. > :29:00.disappointing but the thing is things are speeded up so much now

:29:00. > :29:08.that it achieved its - you know, it achieved its instant iconnicity and

:29:09. > :29:14.then the disillusion. Will be equally quick, I think. Well,

:29:14. > :29:21.sign of that as we go to press, or do I mean bed? As far as we know,

:29:21. > :29:24.That was our snogging correspondent, That was our snogging correspondent,

:29:24. > :29:30.Stephen Smith. Now here is Suzy Klein with a word of what's

:29:30. > :29:31.Thanks a lot, tonight we have Thanks a lot, tonight we have

:29:31. > :29:32.highlights of the Edinburgh Film highlights of the Edinburgh Film

:29:32. > :29:33.Festival and the Sheffield Festival and the Sheffield

:29:33. > :29:35.Festival and the Sheffield Documentary Festival, everything

:29:35. > :29:36.Documentary Festival, everything Documentary Festival, everything

:29:36. > :29:39.Thanks a lot, from domesticated chimps to killer

:29:39. > :29:44.plagues. For all the hot tips, join me in a moment.

:29:44. > :29:49.A quick look at tomorrow's front pages. The Independent has: Greek

:29:49. > :29:53.debt, Europe at a crossroads. The Times has a picture of Rory McIlroy,

:29:53. > :30:01.66 makes history at the halfway the US Open. Let's hope he

:30:01. > :30:07.do what he did before. The FT: Berlin concedes on the Greek rescue.

:30:07. > :30:12.The Guardian also has McIlroy. he hold on this time? Biggest strike

:30:12. > :30:19.for 100 years says union chief over pensions. It won't be like miners

:30:19. > :30:21.because we will win, says the Unison leader.

:30:21. > :30:24.For now we leave you with a reminder For now we leave you with a reminder