Browse content similar to 27/10/2011. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
Have Europe's leaders delivered us from disaster? At least for a | :00:08. | :00:13. | |
little while. There was a deal, but one that begs more questions than | :00:13. | :00:17. | |
it answered. One thing is clear tonight, that Greece will get a | :00:17. | :00:21. | |
write-down on its debts, but will it be the last it need one. The | :00:21. | :00:25. | |
centre of the crisis is moving across the Adriatic, with all eyes | :00:25. | :00:30. | |
on Italy. I will ask, Romano Prodi, the man who ushered in the euro in | :00:30. | :00:36. | |
1999, if he's about to call time on Silvio Berlusconi. With fiscal | :00:36. | :00:40. | |
integration part of the new euro deal, is it now clear that Britain | :00:40. | :00:43. | |
will never be at the heart of Europe. I will speak to the | :00:43. | :00:48. | |
Treasury, and from New York, the Shadow Chancellor, Ed Balls. Next | :00:48. | :00:53. | |
week, the world's population will pass seven billion souls, do we | :00:53. | :00:57. | |
need to revolutionise our eating habits. We will be cooking and | :00:57. | :01:05. | |
eating some insect delicacies with cullinary enthusiasts, the | :01:05. | :01:12. | |
Colombian ambassador, and a very adventurous cook. | :01:12. | :01:17. | |
Good evening, it took unto the dark watches of the Brussels night, but | :01:17. | :01:22. | |
in the end there was a deal of sorts. A 50% loss of those who lent | :01:22. | :01:27. | |
Greece money. The French President said they had prevented a cat it is | :01:27. | :01:32. | |
a trophy, but Greece shouldn't have been allowed to - catastrophy, but | :01:32. | :01:36. | |
Greece shouldn't have been allowed to join the euro. There was a | :01:36. | :01:41. | |
trillion fund for future bailouts. Markets bounced on the news, but | :01:41. | :01:45. | |
nobody thinks the crisis is over. Maize Paul Mason was there when it | :01:45. | :01:54. | |
happened, he - Paul Mason was there, but joins us now. | :01:54. | :01:58. | |
I think it was massive event. In the first place. We are about to | :01:58. | :02:02. | |
see a developed world country renege on its debts in modern times, | :02:02. | :02:05. | |
that hasn't happened before. We don't know what happens when that | :02:05. | :02:09. | |
happens. On top of that, I think it was big because the European Union | :02:09. | :02:12. | |
had to admit everything it has done for the last 18 months didn't work. | :02:12. | :02:16. | |
Remember it is not just the Greek politicians sitting in Athens | :02:16. | :02:19. | |
saying let's do more austerity, we can recover, the EU signed every | :02:19. | :02:25. | |
one of those plans. On top of that, I think we have taken a major step | :02:25. | :02:29. | |
forward, de facto, towards fiscal union. This EFSF fund, we will hear | :02:29. | :02:35. | |
the details of, it is a rough form of fiscal union, if it doesn't work | :02:35. | :02:38. | |
the European Central Bank will have to controversially step in and do | :02:38. | :02:42. | |
exactly the same thing, that is yet another, unofficial, unplanned step | :02:42. | :02:45. | |
towards fiscal union. The credibility of, as it were, the | :02:45. | :02:48. | |
recent past, is burning, and we just have to hope that the burning | :02:48. | :02:56. | |
doesn't, as it were, get through to the core of the euro project. | :02:56. | :03:02. | |
Up until 4.00am this morning, the euro was burning, but in the | :03:02. | :03:06. | |
Brussels twilight, the politicians found way to put the fire out. | :03:06. | :03:11. | |
The French President, who had resisted the idea of banks losing | :03:11. | :03:14. | |
money over Greece, tonight laid it on the line to journalists, just | :03:14. | :03:23. | |
how much they would have to lose. TRANSLATION: We asked the banks we | :03:23. | :03:28. | |
thought carried a responsibility for their loans to renounce 50% of | :03:28. | :03:34. | |
their claims. So as a result of last night's meeting, Greek debt | :03:34. | :03:40. | |
has gone from 200 to 100 billion euros. The deal, when it came, | :03:40. | :03:47. | |
surprised on lookers with its coherence. 50% of grees Greek | :03:48. | :03:54. | |
detects to banks will be written off, voluntarily, it says. It will | :03:54. | :03:59. | |
be sweetened with 30% of tax- payers' money. Banks will be | :03:59. | :04:03. | |
recapitalised with tax-payers' money, and the EFSF, the | :04:03. | :04:09. | |
megabailout fund, will be expanded to one trillion euro, by borrowing. | :04:09. | :04:13. | |
The fund's boss is headed to China to drum up support. The price for | :04:13. | :04:19. | |
Greece will be high. To Athens they woke up to more news of austerity, | :04:19. | :04:24. | |
and effective control of fiscal policy hand over to a committee of | :04:24. | :04:28. | |
foreigners. TRANSLATION: I don't think it was a good deal. But it | :04:28. | :04:32. | |
was inevitable. At the moment Greece is bankrupt. TRANSLATION: | :04:32. | :04:36. | |
is a dark and shadey deal, everything here gets worse by the | :04:36. | :04:41. | |
day, God help us. This graph shows the horror story | :04:41. | :04:46. | |
Euro-leaders were faced with on the eve of the summit, a new projection | :04:46. | :04:53. | |
showing Greek debt out of control, peaking at 186% of GDP next year, | :04:53. | :04:58. | |
and still 140% in 2030. Under this morning's deal, debt peaks lower | :04:58. | :05:06. | |
and falls paster to 120% of GDP by 2020. - faster to 120% of GDP by | :05:06. | :05:10. | |
2020. 120% is a very high proportion of debt. Greece would | :05:10. | :05:16. | |
still be very heavily indetected by 2020, even if they - indebted by | :05:16. | :05:20. | |
2020, even if they achieved the stated aims. If it fails, since | :05:20. | :05:26. | |
this is the last roll of the dice, the implication would be that | :05:26. | :05:34. | |
Greece will have to leave the euro. It would have to default of its own | :05:34. | :05:37. | |
accord, it would have to reduce the debt through its own decision | :05:37. | :05:43. | |
making, not the decision making of the EU, and the powers, it would | :05:43. | :05:47. | |
have to leave the Euro-. It may fail because the details are | :05:47. | :05:51. | |
crucial, and many are missing. We know French banks will be hit hard | :05:51. | :05:56. | |
by the Greek writedown. We don't know where the money will come from | :05:56. | :06:00. | |
to recapitalise them. It wouldn't surprise me at all to find a number | :06:00. | :06:03. | |
of banks, including particular French banks, have to raise rather | :06:03. | :06:06. | |
more capital than that, it wouldn't surprise me either to find they | :06:06. | :06:09. | |
can't raise it from the private markets, and they have to get that | :06:10. | :06:14. | |
money from Governments. Which then puts quite a lot of strain on the | :06:14. | :06:18. | |
French Government's position, which is already under threat. There is a | :06:18. | :06:23. | |
chance that France is going to lose its triple A credit rating. As we | :06:23. | :06:29. | |
waited last night, and waited, the decision to boost the he was was | :06:29. | :06:33. | |
was expected, but again - EFSF, was expected, but again we don't know | :06:33. | :06:38. | |
who will raise the money. But we know that one trillion euros will | :06:38. | :06:43. | |
be borrowed on risky terms. If it comes from European banks that is | :06:43. | :06:47. | |
not a good result. What happens in those circumstances is if these | :06:47. | :06:50. | |
sovereign borrowers go down, then the institutions that lose as a | :06:50. | :06:55. | |
result of that are European banks. What's at the root of the problem | :06:55. | :06:59. | |
here, is European Governments being unable, or unwilling to put up a | :06:59. | :07:03. | |
enough money themselves to put their own money at risk. It was | :07:03. | :07:07. | |
these worries that led, not just the French, but also David Cameron, | :07:07. | :07:12. | |
last night, to propose behind the scenes the European Central Bank as | :07:12. | :07:15. | |
the backstop, to leap beyond its mand date and become the ultimate | :07:15. | :07:20. | |
buyer of bad debt in Europe. Critics think that suicidal. | :07:20. | :07:26. | |
We are asking the ECB to buy the debt of 17 states, not one state. | :07:26. | :07:31. | |
Some of these states are manifesto insolvent. So we are asking the ECB, | :07:31. | :07:36. | |
in other words, to act as if it were a fiscal authority itself. | :07:36. | :07:42. | |
We're asking it to create by stealth, as it were, the | :07:42. | :07:45. | |
hommojisation of these types of debts, that doesn't exist in | :07:45. | :07:50. | |
praktirbgs we are asking it to acts the state which - practice. We are | :07:50. | :07:55. | |
asking it to act as the state which Europe lacks. For all these reasons, | :07:55. | :08:00. | |
the euro leaders have to hope that last night's decisions put the fire | :08:01. | :08:05. | |
of debt contagion out for good. With us is the Financial Secretary | :08:05. | :08:11. | |
to the Treasury, Mark Hoban. Does the deal commit UK tax-payers to | :08:11. | :08:15. | |
pay up for eurozone countries in difficult difficulty? We have made | :08:15. | :08:20. | |
it clear that the UK Government won't be contributing towards the | :08:20. | :08:24. | |
strengthening of the EFSF, the bailout fund. The Chancellor made | :08:24. | :08:29. | |
that clear this morning, it is a matter for the eurozone to resolve. | :08:29. | :08:36. | |
Let's talk about the IMF He makes it clear he thinks we should put | :08:36. | :08:40. | |
more money into the IMF, that is committing UK tax-payers to put | :08:40. | :08:44. | |
more money into a fund which may eventually be used to help eurozone | :08:44. | :08:50. | |
countries? Let's be clear, there has been no request for IMF | :08:50. | :08:54. | |
resource, and the IMF can't lend money to the bailout fund, but only | :08:54. | :08:58. | |
to countries as part of an agreed bailout programme. What is | :08:58. | :09:02. | |
suggested is the IMF helps administer the bailout fund, or the | :09:02. | :09:06. | |
special purpose vehicle, that is what we are talking about, which | :09:06. | :09:11. | |
doesn't involve the IMF lending out money. The idea that some people | :09:11. | :09:14. | |
call suicidal, David Cameron saying that the ECB should be the one to | :09:14. | :09:20. | |
lend the money? I think the challenge is, trying to find the | :09:20. | :09:24. | |
resources to ensure the bailout fund is credible, and it can, not | :09:24. | :09:29. | |
only help recapitalise banks, if they can't find capital from | :09:29. | :09:34. | |
markets or their own Governments, but also put a firewall around | :09:34. | :09:39. | |
Greece. You don't need the ECB at all, that is out of the equation? | :09:39. | :09:44. | |
What's important is that the mechanism is there to ensure that | :09:44. | :09:49. | |
the bailout fund is big enough, and strong enough. That is why, given | :09:49. | :09:53. | |
that the eurozone have ruled out using the ECB, they are now looking | :09:53. | :09:59. | |
at other areas. Not using the ECB, in your view, the ECB will not be | :09:59. | :10:07. | |
called on? That's what the eurozone lead - leaders agreed last night. | :10:07. | :10:12. | |
What do you think should happen? What Paul Mason said last night was | :10:12. | :10:17. | |
absolutely right. Last night's deal was good progress, now they need to | :10:17. | :10:20. | |
provide detail to boost market confidence and keep it on track. | :10:20. | :10:28. | |
Part of that detail is how will the EFSF be funded. Let's talk about | :10:28. | :10:30. | |
our banks, are you convinced our banks are secure at the moment? | :10:30. | :10:35. | |
What the work that the EBA, the European Banking Authority did | :10:35. | :10:38. | |
demonstrate, is there was no requirement for additional capital | :10:38. | :10:41. | |
to be paid into British banks. What we have seen over the course of the | :10:41. | :10:45. | |
last two or three years, is British banks, putting aside more capital, | :10:45. | :10:50. | |
and also holding high liquidity. That has meant they have been in a | :10:50. | :10:53. | |
better place to withstand this crisis than banks elsewhere. At the | :10:53. | :10:58. | |
moment we have talked about the fact it is more the French banks | :10:58. | :11:04. | |
exposed to the write-down of Greek debt, what if other countries in | :11:04. | :11:08. | |
the European Union need write-downs, British banks will be more exposed? | :11:08. | :11:14. | |
The European Banking Authority, looked at the exposures each bank | :11:14. | :11:17. | |
has to European sovereign debt and market-to-market, that is | :11:17. | :11:20. | |
demonstrated where capital is required in places like Greece and | :11:20. | :11:23. | |
Spain, and France and Italy, and those countries where it is not | :11:23. | :11:27. | |
required, that includes Britain. I think our banks are in a good place | :11:27. | :11:31. | |
to withstand this. Of course the Bank of England and the FSA do | :11:31. | :11:35. | |
regularly look at what's happening in the banks and ensure they are | :11:35. | :11:38. | |
still safe. What we have seen is significant progress in the last | :11:38. | :11:41. | |
two or three years to strengthen the banks. That has kept our banks | :11:41. | :11:45. | |
in a good place during this crisis. Thank you very much for joining us. | :11:45. | :11:48. | |
We're joined by the Shadow Chancellor, Ed Balls, who joins us | :11:48. | :11:51. | |
from New York. In your view, was the best deal | :11:51. | :11:56. | |
done last night that could have been done? Well, we don't know, to | :11:56. | :11:59. | |
be honest. It is good to have progress, it is good to see a | :11:59. | :12:03. | |
political commitment, but we have been here before, where we have had | :12:03. | :12:06. | |
strong words from eurozone leaders, and it has not turned out to | :12:06. | :12:11. | |
deliver the detail. In fact, there has been contradictory messages | :12:11. | :12:14. | |
afterwards. We will have to wait and see. I really hope they have | :12:14. | :12:17. | |
managed to agree what needs to be done. At the moment there is a | :12:17. | :12:21. | |
question about the detail, and there is two questions. First of | :12:21. | :12:25. | |
all, in the end the European Central Bank ought to be the lender | :12:25. | :12:29. | |
of last resort. If that is not going to happen, is there really | :12:29. | :12:33. | |
the financial clout in the eurozone to do it other than the Central | :12:33. | :12:37. | |
Bank. And secondly unless the European economy grows in the next | :12:37. | :12:40. | |
year, this crisis will deepen. Is there a plan for growth and jobs? | :12:40. | :12:45. | |
Not really on the table yet. That is actually the biggest risk to the | :12:45. | :12:48. | |
eurozone economies and the British economy too. So, let's be clear, | :12:48. | :12:53. | |
your view is, you have heard what Mark Hoban said, that actually the | :12:53. | :12:57. | |
ECB should be directly involved, it will be very much as a state fiscal | :12:57. | :13:00. | |
authority, it would be step anything, there would be a very | :13:00. | :13:05. | |
strict set of rules and that is what the ECB's rules should be? | :13:05. | :13:09. | |
Mark was being diplomatic. But the fact is, there is a single currency, | :13:09. | :13:12. | |
in a single currency, in America, or in Britain, where we have a | :13:12. | :13:16. | |
currency, and in the eurozone, the lender of last resort, should be | :13:16. | :13:19. | |
the Central Bank. And the Central Bank should say, we will stand | :13:19. | :13:24. | |
behind the sovereign debt of our member states. Now there is a quid | :13:24. | :13:28. | |
pro quo for that, which is fiscal responsibility, but the problem in | :13:28. | :13:33. | |
recent months has been this doubt. Will the ECB actually guarantee | :13:33. | :13:37. | |
Italian debt when there is no solvency problem for Italian debt. | :13:37. | :13:41. | |
The problem is this question mark, the question mark is, is there | :13:41. | :13:44. | |
really a political commitment in Germany, France and other member | :13:44. | :13:48. | |
states, to deliver on the reality of what they have already done, | :13:48. | :13:52. | |
which is form a single currency. What we are seeing instead is lots | :13:52. | :13:55. | |
of gyrations, getting money from the Chinese, and now there is the | :13:55. | :13:59. | |
question of the IMF putting money in, it is all a substitute for | :13:59. | :14:02. | |
doing what should be done in a single currency, which is have a | :14:02. | :14:05. | |
Central Bank with the power and political backing to do what it | :14:05. | :14:08. | |
takes. Let's talk about the IMF, Labour voted against increasing the | :14:08. | :14:12. | |
amount of money into the IMF. Was that a mistake when you voted | :14:12. | :14:17. | |
against that in the summer? Not at all. Would it be a mistake now, | :14:17. | :14:20. | |
George Osborne said today that they will increase the amount of money, | :14:20. | :14:25. | |
if necessary, for the IMF, is he wrong about that? Let me explain | :14:25. | :14:28. | |
exactly our position. The Conservative Party make as very odd | :14:28. | :14:32. | |
claim about all of this. The IMF is a hugely important institution, I | :14:32. | :14:36. | |
back it 100%, I was the chair of the deputies for a number of years. | :14:36. | :14:41. | |
But what you can't do is say the IMF will step in to provide money | :14:41. | :14:44. | |
for the eurozone, which the eurozone leaders themselves are not | :14:44. | :14:48. | |
willing to sort out and commit. That is still a question mark. What | :14:48. | :14:52. | |
the position was in the summer. What is your position now, quite | :14:52. | :14:56. | |
clearly, is your position now, that you agree with George Osborne, that | :14:56. | :15:00. | |
if necessary, there will be an increase in funds, from Britain to | :15:01. | :15:05. | |
the IMF, do you agree with that or not? Well, what we said in the | :15:05. | :15:12. | |
summer, and what I will vae say to you again tonight, is - I will say | :15:12. | :15:16. | |
to you again tonight, if they are not relying on IMF funding to bail | :15:16. | :15:22. | |
out the eurozone, for an excuse of the eurozone putting the money up, | :15:22. | :15:28. | |
then I agree to an upping of the subscription. But if it is so the | :15:28. | :15:32. | |
eurozone itself hasn't got to do it, that would be completely wrong and | :15:32. | :15:35. | |
misleading to British tax-payers. There is a lot of clarity - lack of | :15:35. | :15:41. | |
clarity about what the role will be. President Sarkozy was talking about | :15:41. | :15:46. | |
the financial transaction tax again, do you support the so-called Tobin | :15:46. | :15:53. | |
tax, do you support that tax? if it is based on the widest | :15:53. | :15:56. | |
constituency possible, that must include the major financial centres | :15:56. | :16:00. | |
of the world. It wouldn't be satisfactory for it to happen | :16:00. | :16:04. | |
simply at the level of the eurozone. You don't think it should just be | :16:04. | :16:07. | |
the eurozone? I don't, that has never been the Government as | :16:07. | :16:09. | |
position, the British Government under Labour and now Conservative, | :16:09. | :16:13. | |
is here in New York, in other financial centre, they would all | :16:13. | :16:16. | |
need to be part of it. My frustration is George Osborne says | :16:16. | :16:21. | |
no to a eurozone tax, but is not making the case for global action, | :16:21. | :16:24. | |
that is what I have been discussing the last couple of days here in New | :16:24. | :16:30. | |
York. A global case for action on a financial transactions' tax. | :16:30. | :16:33. | |
Eurozone-only, absolutely not. The big question is, are we going to | :16:33. | :16:36. | |
have growth and jobs in the eurozone in the British economy in | :16:36. | :16:40. | |
the next year, without that all of this is pie in the sky. | :16:40. | :16:46. | |
Ed Balls thank you very much. For years, Silvio Berlusconi has | :16:46. | :16:49. | |
provided colourful and sometimes staggering stories for the world's | :16:49. | :16:55. | |
media. Now, however, feel he might be the key to making sure the | :16:55. | :16:58. | |
European crisis won't get much worse. Italy is the third-largest | :16:58. | :17:04. | |
economy in the eurozone, and has considerable debts. If it needs | :17:04. | :17:09. | |
bailout, the question is Germany's pockets won't be deep enough, that | :17:09. | :17:14. | |
is why there has been pressure on the ilt Italian premier for | :17:14. | :17:23. | |
austerity and reform. We have spent the day in Rome. | :17:23. | :17:27. | |
Austerity, Italy? Some how the who words just don't go together. This | :17:27. | :17:33. | |
is still a country that knows how to live well. That makes and sells | :17:33. | :17:37. | |
quality goods the whole world wants to buy, and yet, the fear is, that | :17:37. | :17:43. | |
the disease that is sinking the Greek economy, may spread here next. | :17:43. | :17:50. | |
With a public debt equal to about 120% of its GDP, and growth barely | :17:50. | :17:54. | |
above zero, Italy has to reform fast, to avoid possible financial | :17:54. | :18:01. | |
meltdown, and a bailout the EU might not be able to afford. The | :18:01. | :18:03. | |
Prime Minister, Silvio Berlusconi, seems to have calmed the fears of | :18:03. | :18:07. | |
some of his fellow EU leaders this week, with a list of plans to cut | :18:07. | :18:11. | |
spending and revive the economy. The question is, can Berlusconi, | :18:11. | :18:17. | |
that great salesman, sell those reforms to his own people. The | :18:17. | :18:24. | |
answer, from Italy's powerful trades unions, is IRA sounding, no. | :18:24. | :18:30. | |
It would be negative because the burden of the crisis is put only on | :18:30. | :18:35. | |
the shoulders of the workers and the pensioners. For the pensioners | :18:35. | :18:44. | |
increasing the age of working to to the retirement, for the workers | :18:44. | :18:49. | |
easing dismissal by enterprises, and for the young people having | :18:49. | :18:56. | |
nothing in terms of employment for new jobs. | :18:56. | :19:06. | |
:19:06. | :19:13. | ||
But in Italy's parliament yesterday, passions over the retirement age | :19:14. | :19:23. | |
:19:24. | :19:26. | ||
led to fist at this cuffs between some deputies, - this member of the | :19:26. | :19:30. | |
Northern League was not involved in that, but she won't take economic | :19:30. | :19:38. | |
lessons from Germany and France, and resents the conconned sepbgs | :19:38. | :19:42. | |
this week TRANSLATION: It is not nice to laugh at another country, | :19:42. | :19:46. | |
and not nice behaviour from two respectable people, who both have | :19:46. | :19:50. | |
different internal problems of their own. Her party was reported | :19:50. | :19:53. | |
this week to have dropped its long standing opposition to raising the | :19:53. | :19:59. | |
pension age. In fact there was no major concession. Retirement at 67 | :19:59. | :20:02. | |
won't become universal until 2026, as already planned. In this society, | :20:02. | :20:08. | |
where many are used to long holidays, generous benefits and job | :20:08. | :20:12. | |
security, it won't be easy for Mr Berlusconi, or any other leader to | :20:12. | :20:18. | |
deliver on promises of speedy reform. It is our ruling class, | :20:18. | :20:23. | |
including the political class, including trade unions, the | :20:23. | :20:31. | |
entrepeneurs, the bankers, are they ready to risk something in terplgs | :20:31. | :20:35. | |
of consensus between their - in terms of consensus between their | :20:35. | :20:40. | |
associates and public opinion, and do something that can be, to some | :20:40. | :20:46. | |
extent, not exactly popular, but that is needed? On this I have | :20:46. | :20:54. | |
doubts. I think there is not this sort of ability now, there is not | :20:54. | :20:58. | |
enough willingness to risk something. One problem in | :20:58. | :21:02. | |
persuading Italians to accept reform, is that the political class, | :21:02. | :21:06. | |
which must implement any changes, is itself so widely discredited by | :21:06. | :21:13. | |
revelations of its featherbeded lifestyle. How come, Italians ask, | :21:13. | :21:19. | |
an MP can serve just one-term, and still receive 5,000 euros a month | :21:19. | :21:24. | |
in pension at age 50. While an ordinary voter will get 1,000 a | :21:24. | :21:30. | |
month, an offage, at age 65, after a whole lifetime's work. If there | :21:31. | :21:38. | |
is no reform, will Europe end up throwing money at itly the as | :21:38. | :21:43. | |
recklessly as the tourist at the Trevi fountain. | :21:43. | :21:46. | |
Some think Italy will solve its own problems, perhaps under a new | :21:46. | :21:50. | |
Government. Is that wishful thinking? If they are wrong, the | :21:50. | :21:54. | |
consequences for the whole European project would be immeasurable. | :21:54. | :21:57. | |
cost of financing our debt would become so high, and this will | :21:57. | :22:05. | |
happen if we do not do the things that were discussing before I think | :22:05. | :22:12. | |
in that case Italy will be forced out of the euro at some point, by | :22:12. | :22:15. | |
the markets. Only the European Central Bank could do something, | :22:15. | :22:24. | |
but how then becomes not exactly clear. At that point, the euro and | :22:24. | :22:30. | |
the area could break up. In the streets of the eternal city, you | :22:30. | :22:34. | |
might think, crisis, what crisis? Tomorrow in the streets there will | :22:34. | :22:38. | |
be a demonstration by pensioners, angry about falling living | :22:38. | :22:46. | |
standards. The organisers' slogan "when there is a threat of cuts | :22:46. | :22:49. | |
nessun dorma" nobody sleeps. I will speak to the former Italian Prime | :22:49. | :22:55. | |
Minister, Romano Prodi, in a moment. First, no-one disputes last night's | :22:55. | :23:01. | |
events could be a new era in Europe, with the eurozone fiscal | :23:01. | :23:04. | |
integration being regards as a Euro-state. What will bind it | :23:04. | :23:07. | |
together and who will bind it together? Our diplomatic editor is | :23:07. | :23:11. | |
here with his thoughts. What do you think the UK | :23:11. | :23:16. | |
Government's real reaction to last night's summit is? As you imply, | :23:16. | :23:18. | |
superficial politeness, if you think about the two key messages | :23:18. | :23:21. | |
they have been giving. They have been disappointed in both. On the | :23:21. | :23:25. | |
one hand, the Chancellor, we want to move towards some kind of fiscal | :23:25. | :23:31. | |
union, on the other hand, the UK and the other ten non-your you are | :23:31. | :23:34. | |
eurozone countries, must - non- eurozone countries must not be shut | :23:34. | :23:37. | |
out of it. We know the key business was done last night after the ten | :23:37. | :23:41. | |
had left and it was just the eurozone. What can the Government | :23:42. | :23:45. | |
say today, simply reiterate their earlier position, and we heard that | :23:45. | :23:49. | |
today from William Hague. changes or reforms that take place | :23:49. | :23:53. | |
within the eurozone, it is vital that matters like the European | :23:53. | :23:57. | |
single market which belongs to all 27 of the EU members, that those | :23:57. | :24:02. | |
decisions are made by the 27 nations. So in any changes the top | :24:02. | :24:07. | |
priority of the UK will be to ensure that is the case. But are | :24:07. | :24:10. | |
there actually opportunities for David Cameron in this situation? | :24:10. | :24:14. | |
There could be. If things go full speed towards fiscal union, in a | :24:14. | :24:20. | |
way they clearly are not doing, but if it picks up momentum, there | :24:20. | :24:25. | |
could be a definitive two-stage Europe. Casting some people back to | :24:25. | :24:28. | |
the 1960s for a similar moment. If you look back to the very early | :24:28. | :24:31. | |
days, Britain and some of the other countries, the so-called outer | :24:32. | :24:34. | |
seven, they were called, they were the country on the fringes of | :24:34. | :24:39. | |
Europe, that were not part of the EEC, as it then was. And France was | :24:39. | :24:45. | |
the leading power in the EEC, they blocked Britain's entry, and they | :24:45. | :24:51. | |
saw the EEC as a vehicle for an extension of their political will | :24:51. | :24:56. | |
through Europe. Germany relatively weak back then. Britain had EFTA, | :24:56. | :25:00. | |
the European free trade association on the margins. Today, different | :25:00. | :25:06. | |
shadeings on the map, the core is bigger, the 17 of the eurozone, | :25:06. | :25:10. | |
including one or two of the EFTA countries, but there is an | :25:10. | :25:14. | |
opportunity in the east there are countries also like Sweden, that | :25:14. | :25:17. | |
are closely aligned, and there have been definite hints from Downing | :25:17. | :25:21. | |
Street that they see a political opportunity here in marshalling the | :25:21. | :25:27. | |
awkward squad, as it were, the non- eurozone countries. If you try to | :25:28. | :25:31. | |
project ahead in the coming months or years, we could see a situation | :25:31. | :25:35. | |
where France's diplomatic objectives of the last 50 years | :25:35. | :25:40. | |
come absolutely no nougt, as Germany takes over real power | :25:41. | :25:46. | |
within the eurozone. Britain has some kind of diplomatic latitude on | :25:46. | :25:53. | |
the periphery. To discuss that in the studio, former British cabinet | :25:53. | :25:57. | |
minister, Lyon Britain. And former Italian Prime Minister and | :25:57. | :26:00. | |
President of the European Commission when the euro was | :26:00. | :26:04. | |
introduced, Romano Prodi. First of all, Romano Prodi, tonight | :26:04. | :26:08. | |
President Sarkozy said it was a mistake to have let Greece into the | :26:08. | :26:13. | |
euro in the first place, you were presiding at that time, is he | :26:13. | :26:20. | |
right? Well Greece came later. year later? Not when I was there. | :26:20. | :26:26. | |
But any way. We have to be also very clear, when the commission | :26:26. | :26:34. | |
proposed to France and Germany, to all the countries, to check the | :26:35. | :26:40. | |
national accounts of the countries, France, Britain, and Italy, who was | :26:40. | :26:48. | |
trailing in that moment. They refused it, they refused even the | :26:48. | :26:54. | |
control, and so Greece could cheat because it was permitted to cheat. | :26:54. | :27:02. | |
This is the real historical fact. It is important, because you know, | :27:02. | :27:07. | |
when I declared in that time that we couldn't only be based on the | :27:07. | :27:14. | |
"stability pact", because it was stupid, I told them, maybe I used a | :27:14. | :27:21. | |
bad word, I was just thinking what could happen. You needed an | :27:21. | :27:25. | |
authority, but it was refused by the leading European states. | :27:25. | :27:29. | |
now we're in a situation where looking from Greece across the | :27:29. | :27:33. | |
Adriatic, it is your country, where a lot of the problems lie. And some | :27:33. | :27:38. | |
of these problems, for Silvio Berlusconi, may be insurmountable. | :27:38. | :27:44. | |
What is going to happen, because soon Italy may need a bailout too? | :27:44. | :27:51. | |
Look, look, look, let's be clear, insurmountable is a strong word. In | :27:51. | :27:59. | |
the sense that we have 120% outstanding debt, it is the same | :27:59. | :28:07. | |
number we had when Italy entered into the euro. But your growth is | :28:07. | :28:11. | |
only 0.7%? Yes, yes, yes, I come to the growth. Because you are right, | :28:11. | :28:19. | |
this is the point. But you know, a tragic aspect is, if your debt | :28:19. | :28:24. | |
explodes, second, the deficit is under control, much better than in | :28:24. | :28:32. | |
France, or in the UK. I want to bring in Lyon Britain, Romano Prodi, | :28:32. | :28:37. | |
just one quick question for you on this, in order for Italy to have to | :28:37. | :28:41. | |
put its house in order, does Silvio Berlusconi have to go quickly? | :28:41. | :28:51. | |
He has to go quickly. He has been obliged because of the letter he | :28:51. | :28:57. | |
sent, it was, I think, written with a pencil of the European | :28:57. | :28:59. | |
authorities. I have another question for you on the basis of | :28:59. | :29:03. | |
that, before I come to Leon Britain, if Silvio Berlusconi has to go | :29:03. | :29:07. | |
quickly, are you going to come back, are you going to ride to the | :29:07. | :29:17. | |
:29:17. | :29:19. | ||
rescue? Me? Personally you mean? No, I am grandfather! | :29:19. | :29:23. | |
Is Italy one of the biggest problems now in facing the eurozone | :29:24. | :29:28. | |
countries? There is no doubt at all that Italy needs and radical | :29:28. | :29:31. | |
structural reform and that is a very important factor in the whole | :29:31. | :29:35. | |
equation. There is no doubt about that. Where do you think last | :29:35. | :29:40. | |
night's deal leaves Britain, because you heard Mark Urban say, | :29:40. | :29:45. | |
there may be a role for Britain, as a kind of the ringleader of the | :29:45. | :29:50. | |
others? Let's be clear, what Britain's real interests are. They | :29:50. | :29:54. | |
are, above all, to protect the operation of the single market, | :29:54. | :29:58. | |
which has been a huge gain for Britain. And which means the | :29:58. | :30:02. | |
removal of barriers across Europe. And therefore, what Britain has to | :30:02. | :30:08. | |
do is to be extremely vigilent about that, and rightly so. Whether | :30:08. | :30:12. | |
other countries engage in diplomatic manoeuvres or not, is a | :30:13. | :30:16. | |
of very much less importance in protecting the single market. | :30:16. | :30:21. | |
Romano Prodi, on your view of where Britain stands on this, obviously | :30:21. | :30:24. | |
it was only the ten who were talking last night about the way to | :30:24. | :30:27. | |
sort out the problems in the eurozone, Britain had to leave | :30:27. | :30:30. | |
because Britain is now seen by some as not being at the heart of Europe. | :30:30. | :30:40. | |
Do you think that Britain has lost its position in Europe now? Yes. I | :30:40. | :30:49. | |
think, yes. Because I do think that Europe cannot be stopped. We will | :30:49. | :30:57. | |
make progress, and I see the UK more and more in a corner, less and | :30:57. | :31:04. | |
less, more and more reluctant to engage itself in European | :31:04. | :31:14. | |
:31:14. | :31:14. | ||
engagments. After last night, I think that in any case. Europe will | :31:14. | :31:21. | |
be more strongly linked to the European countries, and the UK is | :31:21. | :31:30. | |
not among them. The EU remains absolutely central to Britain, and | :31:30. | :31:34. | |
yes it does. Does it? It doesn't remain essential to a lot of the | :31:34. | :31:38. | |
backbenchers in the Conservative Government? You will not find there | :31:38. | :31:42. | |
are very many backbenchers asking Britain to leave the EU. They are | :31:42. | :31:46. | |
asking for a re-think? They are asking for a renegotiation of | :31:46. | :31:50. | |
various aspects, which may or may not be possible. The important | :31:50. | :31:52. | |
thing is Britain's membership of the European Union cannot be taken | :31:52. | :31:56. | |
away from it. Britain's participation in the single | :31:56. | :31:59. | |
currency, and the maintenance of the single market, something | :32:00. | :32:04. | |
Britain is entitled to, legally, demand, and protect. That is | :32:05. | :32:08. | |
Britain's main interest. Manoeuvrings of a diplomatic kind, | :32:08. | :32:11. | |
in my view, are much less important than that, particularly at the | :32:11. | :32:15. | |
moment. What Britain has to watch is to make sure that any | :32:15. | :32:20. | |
developments with the political or economic, do not jeopardise its | :32:20. | :32:23. | |
central position of the kind that I have described. It is interesting, | :32:23. | :32:27. | |
Romano Prodi, that now we have a situation where, as you heard | :32:27. | :32:30. | |
earlier, that actually France maybe the ones who have trouble in their | :32:30. | :32:34. | |
leading position in Europe, and actually de facto what we have is a | :32:34. | :32:40. | |
kind of capital of Europe, that is Berlin. What do you think of that? | :32:40. | :32:50. | |
:32:50. | :32:52. | ||
Well, first of all, to reply to what Leon said before. If you go on | :32:52. | :32:56. | |
with the reinforced co-operation, and reinforce and reinforce, and | :32:56. | :33:04. | |
the UK always stays out, of course, it loses the central power in | :33:04. | :33:11. | |
Europe. Certainly it must protect the Common Market, everything, but, | :33:11. | :33:15. | |
there will be an increased distance between the leading European | :33:15. | :33:21. | |
countries, and the reluctant European countries. This is taken | :33:21. | :33:24. | |
for granted. They will be left behind. What do you make of the | :33:24. | :33:29. | |
idea that actually the force to be reckoned with now is Germany, and | :33:29. | :33:34. | |
that Angela Merkel really leads the way? Well, look, I have to be very | :33:34. | :33:42. | |
frank and clear, by far, it is completely changed, Europe, since | :33:42. | :33:50. | |
20 years ago. Now Germany is absolutely leading. No doubt about | :33:50. | :33:58. | |
that. My point is that maybe the Germans think they are too big for | :33:58. | :34:04. | |
Europe. That is a very good point. Both of those points, the de facto | :34:04. | :34:11. | |
capital of Europe is Berlin now? The leading country economically in | :34:11. | :34:14. | |
the eurozone is, of course, Germany, there is no question about that. | :34:14. | :34:17. | |
The important thing to remember from the British point of view, is | :34:17. | :34:22. | |
the British Government, George Osborne has said, that he actually | :34:22. | :34:25. | |
encourages and wants there to be greater fiscal integration in the | :34:25. | :34:31. | |
eurozone, and he wants to do that, because he thinks that is in the | :34:31. | :34:35. | |
interests of Britain, eventhough Britain is not participant in it. | :34:35. | :34:39. | |
That's very important. Thank you very much. Before we go on to the | :34:39. | :34:43. | |
next item, let's do the papers on this. The Financial Times has China | :34:43. | :34:48. | |
set to aid the Europe bailout. This is the one trillion euro bailout | :34:48. | :34:58. | |
:34:58. | :34:59. | ||
package. The Mail has Osbourne clawing back EU powers. | :34:59. | :35:09. | |
:35:09. | :35:12. | ||
Guardian All week Newsnight has been looking at the possible | :35:13. | :35:16. | |
implications of a growing world population. Tonight we examine the | :35:16. | :35:20. | |
foods of the future. They are nutritious, protein-rich and easy | :35:20. | :35:26. | |
to farm. Were l we soon all be eating inglrb will we soon all be | :35:26. | :35:34. | |
eating infects. Joining me is the Colombian ambassador, Mauricio | :35:34. | :35:39. | |
Rodriguez, who has brought some Colombian delicacies. | :35:39. | :35:44. | |
And we have our chef cooking up locusts and mealworms. First we | :35:44. | :35:54. | |
:35:54. | :35:55. | ||
Look at any restaurant menu and it appears to offer a world of choice. | :35:55. | :36:00. | |
Lamb, pork, chicken, fish, but, actually, we humans are very | :36:00. | :36:05. | |
conservative when it comes to food. We eat just a handful of the more | :36:05. | :36:15. | |
than seven million animals species reckoned to exist on the planet. | :36:15. | :36:20. | |
But is it time for us to get a bit more adventurous. There is a | :36:20. | :36:25. | |
growing movement arguing the world needs to eat more of these. | :36:25. | :36:31. | |
Insects. Daniel is the head chef here, what have you on offer today? | :36:31. | :36:36. | |
Here we are cooking locusts and crickets in a mixture of chilli and | :36:36. | :36:43. | |
south eastern flavours, we serve them on top of a salad, and call it | :36:44. | :36:49. | |
"bug salad". Is it popular? It is. This is a locust, let me try that. | :36:49. | :36:53. | |
It is a rather unusual salad ingredient, some people would find | :36:53. | :36:58. | |
the prospect of eating this little chap disgusting. I will give it a | :36:58. | :37:03. | |
go. There is a nice crunch. But it is more of a texture than a flavour, | :37:03. | :37:13. | |
:37:13. | :37:15. | ||
but there is a lovely chilli sauce there. That's not bad. | :37:15. | :37:19. | |
# Insects # See them crawling | :37:19. | :37:29. | |
:37:29. | :37:29. | ||
# Insects The Netherlands is leading the way | :37:30. | :37:34. | |
in insect-eating research. At this farm they produce mealworms for man | :37:34. | :37:40. | |
maland human consumption. - animal and human consumption. Is | :37:40. | :37:45. | |
it good being an insect farmer? think it is rather efficient | :37:45. | :37:50. | |
farming. They love to live together in a box upon each other. It is no | :37:50. | :37:55. | |
problem. They love to be crowded together? In the darkness. It is | :37:55. | :38:00. | |
humane. It is their natural behaviour. These are the beatles | :38:00. | :38:08. | |
are the mealworms. These beatles will give each 150 eggs. For a kilo | :38:08. | :38:12. | |
of feed, ten kilos of feed, how much insect do you get? Ten loyal | :38:13. | :38:19. | |
co-of feed will give you eight kilos of mealworms. How does it | :38:19. | :38:25. | |
compare with other animals? Pigs need ten kilos of feed to get three | :38:25. | :38:31. | |
kilos of pig. These are the mealworms? These are the giant | :38:31. | :38:35. | |
mealworms. They will not bite? bit. You will get used to that. You | :38:35. | :38:44. | |
will not die of them. What do these eat? Carrots and chaff. From wheat | :38:44. | :38:50. | |
They eat waste products? In nature they clean up the mess so, they can | :38:50. | :38:55. | |
eat anything. You feeling peckish? If you are, you are in for a | :38:55. | :39:01. | |
nutritional feast, the UN's Food and Agriculture Organisation says | :39:01. | :39:05. | |
insect protein content is comparable to meat, and many | :39:05. | :39:12. | |
contain amenoacids, fibre, in the he can sow skeleton, and iron, | :39:12. | :39:22. | |
calcium and B vitamins. This is an ent tomorrowologyist who is keen to | :39:22. | :39:25. | |
- entomologist who wants to encourage us to eat the insects he | :39:25. | :39:32. | |
has made his life's work. He says it is less risky than eating other | :39:32. | :39:38. | |
animals. Insecretarys are much less related to humans, so diseases that | :39:38. | :39:42. | |
insects have don't jump easily to humans, that is different from pigs | :39:42. | :39:48. | |
and cows. What has persuaded the European Union to offer a grant of | :39:48. | :39:52. | |
2.5 million euros to research insects as food, and the UN to | :39:53. | :39:57. | |
advocate their consumption, are arguments that farming insects is | :39:57. | :40:01. | |
more environmentally friendly. Insects produce much less | :40:01. | :40:04. | |
greenhouse gases than pigs or cattle. How much better are they? | :40:04. | :40:11. | |
If you compare pigs to locusts then lok kuss are doing - locusts are | :40:11. | :40:15. | |
doing eight-times better. Chickens are better than pigs, if you had to | :40:15. | :40:19. | |
choose between chicken and insect meat, you will always choose the | :40:19. | :40:26. | |
chicken? Why. Because chicken is delicious? Why are insects not | :40:26. | :40:30. | |
delicious. These are bees, poached in their own honey, I think that is | :40:30. | :40:36. | |
a little bit mean? I actually serve these on creme brulee. Crunch, | :40:36. | :40:41. | |
strong taste of honey, also another flavour. It tends to be menthol | :40:41. | :40:44. | |
coming through, that is the bee, not the honey. | :40:45. | :40:53. | |
There is a texture of hair! The 12 ounce steak is 1,000 lok cuss kuss | :40:53. | :41:00. | |
to get the - lock kuss to get the same amount of protein. Can you | :41:00. | :41:07. | |
imagine that. I can't, but some clever person will come up with a | :41:07. | :41:13. | |
protein powder based on locusts. It will be called "earth bounty" or | :41:13. | :41:20. | |
something, they will be clever with it. The disgust is huge in western | :41:20. | :41:25. | |
societies, you think by calling it another name that will work. | :41:25. | :41:28. | |
can't underestimate what will happen to food prices across the | :41:28. | :41:31. | |
western world in the next 20 years, there is every evidence they could | :41:31. | :41:34. | |
double or triple. When things like that start happening other | :41:34. | :41:39. | |
considerations will go by the by. It won't be the plate of 1,000 | :41:40. | :41:43. | |
locusts to replace the sirloin steak, it will be the very clever | :41:43. | :41:47. | |
powder that will rep Tate the meat proteins, put it in a cheap sausage | :41:47. | :41:52. | |
and you are laughing. Can western revulsion to eating insects be | :41:52. | :42:02. | |
:42:02. | :42:04. | ||
overcome? Time for a very unscientific Newsnight experiment. | :42:04. | :42:10. | |
We dressed the producer, Ian, in a fly suit, we gave him a tray of | :42:10. | :42:18. | |
taste snacks and we took to the streets. Would you like a snack? | :42:18. | :42:28. | |
Not particularly. Nein. That is quite nice. You will have a | :42:28. | :42:34. | |
chocolate scorpion. Gone for a locust. What about a quick bee | :42:34. | :42:44. | |
before you go. There you go. There is a nice little crunchy flavour, | :42:44. | :42:48. | |
the chilli sauce coming through. Yeah. You quite like the insects | :42:48. | :42:54. | |
now. I won't try that. You have just had a bee, scorpion and locust, | :42:54. | :43:01. | |
and you are turning your nose up at a mealworm! People had more of an | :43:01. | :43:07. | |
appetite than I expected. Maybe we will all be eating the insect | :43:07. | :43:11. | |
sasauges afterall. Stefan, I know you are finishing off a dish at the | :43:11. | :43:15. | |
moment. Ambassador you feel no revulsion at all about insects. Is | :43:15. | :43:18. | |
that simply because that you find them tasty, or because they are | :43:18. | :43:23. | |
going to be a good source of protein in an ever-demanding world. | :43:23. | :43:26. | |
Insects are not only the food of the future, they are already the | :43:26. | :43:32. | |
food of the present. Let me show you an example. These are apbts. | :43:32. | :43:42. | |
:43:42. | :43:43. | ||
These are big-ass? Big-bottomed, diplomatic language. They sum from | :43:43. | :43:49. | |
Santander. Are they treated? Yes, of course. They are soaked in salty | :43:49. | :43:56. | |
water and then they are roasted. They taste salty and crunchy. | :43:56. | :44:02. | |
are OK. They are some of the best ones. These are a delicacy. They | :44:02. | :44:09. | |
are very much in demand. We sell over 1,000 packages, small packages | :44:09. | :44:13. | |
of ants in London, every month. Stefan, you are cooking with this | :44:13. | :44:17. | |
for a reason, you also have a story to tell about the things we eat | :44:17. | :44:22. | |
already and don't realise we are eating insects. These are seen as | :44:22. | :44:25. | |
gimmick foods in Britain, I'm hoping this will change. We eat a | :44:25. | :44:33. | |
lot of the stuff any way. A plate of mealworms there. Far more kilos | :44:33. | :44:43. | |
of actual food. Very resource food. We eat a lot of those already. | :44:43. | :44:52. | |
will wash that down there. I just have ant on my teeth! This is bee | :44:52. | :44:58. | |
vomit and honey. Have one of these marshmallows, have a try of it, it | :44:58. | :45:08. | |
:45:08. | :45:08. | ||
is an ordinary marshmallow, but made it these fellas, they are | :45:08. | :45:12. | |
cochienelle bugs, they are these little fellas, grind them down and | :45:12. | :45:19. | |
see what happens to add them to water. This has honey, corriander, | :45:19. | :45:24. | |
and what pug? Locust, mealworms and crickets. I would say it is a | :45:24. | :45:28. | |
delicious way to eat this stuff. The thing is, do you notice the | :45:28. | :45:31. | |
fact it is anything more than crunch, do you get a flavour from | :45:31. | :45:36. | |
the insect? I would say you do. A huge amount of protein, when it | :45:36. | :45:42. | |
caramelises it you get the effect. They have a lot of protein but much | :45:42. | :45:46. | |
less fat and much less cholesterol. Don't you need to eat an awful lot | :45:46. | :45:51. | |
of insects to get the same protein from chicken and meat, you would | :45:51. | :45:57. | |
have to eat a pile? Not really, according experts, you get the same | :45:57. | :46:01. | |
amount as a piece of steak, and you get much less fat, they are | :46:01. | :46:05. | |
recommending to eat this. The production is much better for the | :46:05. | :46:09. | |
world, because it is environmentally friendly. These | :46:09. | :46:17. | |
ants don't need fertilisers, pesticides, fungicides, and they | :46:17. | :46:22. | |
don't produce methane. What do you drink with this? For me I prefer | :46:22. | :46:32. | |
:46:32. | :46:35. | ||
beer, it is the perfect drink for ants, snacks. They are are they? | :46:35. | :46:41. | |
They are salty snackss. These ones are cooked? They are already cooked | :46:41. | :46:47. | |
and roasted. They are very nice. They are really good. These are in | :46:47. | :46:54. | |
a bit of salt and curry. These are delicacies, eaten on a night out in | :46:54. | :46:59. | |
a cocktail bar. Will they become a food staple in this country. Are we | :46:59. | :47:03. | |
really going to be eating insects? I think so, there are no other | :47:03. | :47:06. | |
alternatives. It is impossible to supply food to the growing | :47:06. | :47:09. | |
population, the type of food we are eating today, we need to look at | :47:09. | :47:13. | |
other options, this is a very healthy option for all of us. | :47:13. | :47:18. | |
hope you can manage to have some insects for the weekend, some big- | :47:19. | :47:27. | |
bottomed ants, from all of us tonight, from Newsnight, good night. | :47:27. | :47:32. | |
# Hey good looking # What you got cooking | :47:32. | :47:35. | |
Mu how's about cooking something up with me | :47:35. | :47:39. | |
# Hey sweet baby # Don't you think maybe | :47:39. | :47:49. | |
:47:49. | :47:52. | ||
# We could find us It is the season of mists and | :47:52. | :47:55. | |
mellow fruitfulness. Nasty fog patches in the morning across the | :47:55. | :47:59. | |
Midlands and Bristol. Be aware if you are on the move first thing. | :47:59. | :48:03. | |
Most of us will have a lovely day with a lot of sunshine out there. | :48:03. | :48:06. | |
Temperatures nothing spectacular, in the sunshine light winds across | :48:06. | :48:11. | |
the heart of England, feeling pleasant once the fog is cleared. | :48:11. | :48:14. | |
In the south-east it will stay stubborn and cloudy with the odd | :48:14. | :48:19. | |
spot of rain. For the south west in stark contrast to Thursday, we have | :48:19. | :48:22. | |
lost the rain clouds and we have sunshine, a super afternoon for | :48:22. | :48:28. | |
much of the South-West and Wales. A little bit of fair weather cloud, | :48:28. | :48:31. | |
temperatures 11-13 degrees. For Northern Ireland too it will be a | :48:31. | :48:35. | |
bright and breezy, the rain clouds holding off. They will arrive | :48:35. | :48:38. | |
during the course of the evening, knocking on the door of the | :48:38. | :48:41. | |
Hebrides. Most of Scotland having a fine day, the best of the sunshine | :48:41. | :48:45. | |
further south and east. Looking ahead to the weekend, the more | :48:45. | :48:49. | |
northern parts of the UK will turn cloudier with outbreaks of rain. | :48:49. | :48:53. | |
Particularly for the west of Scotland and Northern Ireland. | :48:53. | :48:57. | |
Southwards it stays dry. Cloud coming and going, some sunshine | :48:57. | :49:02. | |
warming up nicely as we go through the weekend, reporting some | :49:02. | :49:05. |