:00:08. > :00:13.Tonight in hock up to its neck Greece pleads for just a little bit
:00:13. > :00:16.more time. But after the long hot summer is the promise of September
:00:16. > :00:21.action about to materialise? We'll ask the world biggest bond trader
:00:21. > :00:25.if the printed money's soon going to rain down. Fear of clothing in
:00:25. > :00:28.Las Vegas. He's third in line to the throne, he's naked, but Fleet
:00:28. > :00:32.Street wont touch it with a barge pole. Have they suddenly developed
:00:32. > :00:35.a conscience or have they got the fear of Leveson in them. We have
:00:35. > :00:39.Neil Wallis, a former deputy editor of the News of the World, the
:00:39. > :00:43.publicist Max Clifford and Vanessa Feltz. The airwaves have been alive
:00:43. > :00:46.with male politicians sounding off about rape. In her first interview
:00:46. > :00:49.since resigning Tory MP Louise Mensch says she's fed up with them,
:00:49. > :00:59.and has challenged David Cameron to put women in senior positions in
:00:59. > :01:01.
:01:01. > :01:03.the Justice Department. Also its game over for the man who stole
:01:03. > :01:08.multi millions from Polly Peck shareholders. He protested his
:01:08. > :01:14.innocence until the end. A man worth hundreds of millions of
:01:14. > :01:24.pounds, spending dozens of millions of pounds a year on charity, what
:01:24. > :01:30.
:01:30. > :01:38.Good evening. Global investors have sitting like hawks on telephone
:01:38. > :01:44.wires watching the drama in Athens as the Prime Minister, Antonis
:01:44. > :01:49.Samaras begs for his colleagues for more time. Since July big stock
:01:49. > :01:54.markets have risen of the expectation in the end the European
:01:54. > :01:59.cl bank will intervene, but with people waiting for the news, to see
:01:59. > :02:09.if they're stepping in to purchase the debt and ease the crisis the
:02:09. > :02:15.
:02:15. > :02:20.As our mini-heat wave comes to a end, Continental Europe have been
:02:20. > :02:24.suffering under dangerously high temperatures for weeks. The Euro
:02:24. > :02:33.crisis, which is over a thousands days old, is suffering again. And
:02:33. > :02:39.shock horror, Greece is in the frying pan. It want a two-year
:02:39. > :02:43.extension on the 130 billion Euro loan on troick ker, which was
:02:43. > :02:47.agreed last March. The new Greek Prime Minister, Antonis Samaras
:02:47. > :02:57.hosted the conference, with Jean- Claude Juncker who alongside the
:02:57. > :03:02.
:03:02. > :03:07.rest f the troick ker, bailed Today body language expert were
:03:07. > :03:14.deployed to see if there were changes in the mood at least.
:03:14. > :03:24.have to discuss, the lengthening of the period, and other die mentions
:03:24. > :03:29.of the problem, when we are taking the findings of the troika.
:03:29. > :03:34.Any economy in prolonged recession, with soaring unemployment,
:03:34. > :03:39.particularly among young people, cannot stand on its own feet.
:03:39. > :03:43.Afterwards, Mr Samaras invited Mr Juncker to further talks in his car.
:03:43. > :03:48.Can you join me in my car. Tomorrow he flies to France, before jeting
:03:48. > :03:56.to a nipier Berlin, for talks with Merkel measuring, who he will hope
:03:56. > :04:03.is fully refreshed and upbeat after her holiday in Salzburg But
:04:03. > :04:08.creditor nationness the north are cooler on the yfd of a pause in
:04:08. > :04:13.Greek repayments. German MP, hinted today that Germany was already
:04:13. > :04:20.throwing good money after bad by lending money to Greece. "what's
:04:20. > :04:26.the point of the German taxpayer IOUs if the debtor will not pay."
:04:26. > :04:31.Why give Greece more time when it is barely making the structures it
:04:31. > :04:35.agreed to. There is a recognition amongst the troika, there is need
:04:35. > :04:40.to provide relief for the new Government can meet its fiscal
:04:40. > :04:45.targets. But that of course, creates additional financing meeds
:04:45. > :04:49.and that's a difficult conversation amongst the creditor countries.
:04:49. > :04:54.Meanwhile something big is the offing in Frankfurt. Home to the
:04:54. > :05:00.European Central Bank. It looks set to finally use the biggest monetary
:05:00. > :05:05.weapons in the Arsenal, through a programme of unlimit buying, that
:05:05. > :05:09.means the ECB will buy up Government bonds of weaker eurozone
:05:09. > :05:17.countries in the hope of ending the volatility which doged the zone for
:05:17. > :05:22.almost three years. Expect to hear new C words in the coming weeks,
:05:22. > :05:27.conditioningality and convertability. It is the strings
:05:27. > :05:33.if it is to buy bonds on the open ended basis. The Spanish and
:05:33. > :05:35.Italians may formally apply for a bailout from the bailout programmes.
:05:35. > :05:40.As convertability that might account for the softening of the
:05:40. > :05:44.German stance of late. If the future of the currency is called to
:05:44. > :05:50.doubt, that is you cannot convert the currency, the Germans hay allow
:05:50. > :05:54.the ECB whatever, and we mean whatever is necessary, to save the
:05:54. > :05:59.single currency. That talk of major intervention has already stopped
:05:59. > :06:06.the slide in the Euro against most currencies and dramatically lowered
:06:06. > :06:10.Italian and Spanish borrowing costs, down 11 and 17% respectively. If
:06:10. > :06:17.all markets, politicians taxpayers and the weather, were to line up
:06:17. > :06:21.correctly, could we ever arrive at Utopiaville, where coolness lives
:06:21. > :06:26.comfortablely, side by side with southern spending heat. We could
:06:26. > :06:30.see them buy time to slowly and incrementally, and deliberately
:06:30. > :06:36.move towards a banking and political union. Unless we
:06:36. > :06:43.eventually get to debt neutralisation or monetaryisation,
:06:44. > :06:47.or both, we will not see eqib lib reium in the area. It remains a hot
:06:48. > :06:57.issue, but citizens drift towards a banking, fiscal and political union,
:06:57. > :07:02.which few would have forecast, even a year ago. Well watching that from
:07:02. > :07:10.a studio in California, is a man who knows a thing or two about the
:07:10. > :07:13.market, Mohamed El-Erian is CEO of the world's largest bond investors.
:07:14. > :07:18.Hearing German politicians, particularly, saying that it
:07:18. > :07:25.wouldn't really matter, if Greece left the Euro, what's your
:07:25. > :07:30.assessment of that? I think long- term it would be better for the
:07:30. > :07:34.eurozone if Greece were to exit, sixly because Greece has enormous
:07:34. > :07:37.problem generateing economic growth and jobs within the zone and Greece
:07:37. > :07:42.has too much debt so. The solution within the eurozone is difficult.
:07:42. > :07:48.The problem is there is no short- term solution. There is no killer
:07:48. > :07:54.rap to get Greece out without disrupting the rest of the eurozone
:07:54. > :07:58.so no-one makes the decision or go down in history as having that
:07:58. > :08:03.decision made. We have to muddle through again. Are you betting on
:08:03. > :08:08.that? What I'm thinking is going to happen, I want to make a distinct
:08:08. > :08:13.what is likely to happen and what should happen. What is likely to
:08:13. > :08:18.happen is very messy compromise that involves giving some more time
:08:18. > :08:21.to the tkpwreecks but not very much. And - Greeks and involves the
:08:21. > :08:26.creditor giving more money, but not very much, and it will break apart
:08:26. > :08:30.in a few weeks anyway. That's what likely to happen. What should
:08:30. > :08:34.happen is people step back, recognise they've been adapting the
:08:34. > :08:38.wrong approach for the last three years, and making the courageous
:08:38. > :08:43.decision. We will end up getting to the difficult decisions but
:08:43. > :08:49.unfortunately, they're going to be forced on Greece, rather than taken
:08:49. > :08:52.by Greece. The expectation is, and the ECB will come in and Hoover up
:08:52. > :08:58.Spanish and Italian bonds, Hoover up their debt. Do you think that's
:08:58. > :09:03.the most likely thing to happen? I don't think the E contribution
:09:03. > :09:08.becomes will do that for Greece. I think the ECB will make a distinct
:09:08. > :09:12.tweeng Greece on the one hand and Spain and Italy. And that is a
:09:12. > :09:16.really important distinction that the ECB wants to make and should
:09:16. > :09:22.make, because Spain and Italy are not where Greece is. In terms what
:09:22. > :09:27.they'll do for Spain and Italy, expectations are high, people
:09:27. > :09:31.listen very carefully to the President in London, when he said
:09:31. > :09:35.the ECB is committed to serving the Euro, and do whatever it takes, and
:09:35. > :09:41.believe me it will work, that's what he said. Markets will see
:09:41. > :09:46.words translated into actions, we don't think the translation is that
:09:46. > :09:51.simple. How disappointed will you be if this doesn't happen? I think
:09:51. > :09:56.that the market in general, will be disappointed. All of us should be
:09:56. > :10:01.ready for renewed volatility. We've had a wonderful four weeks of
:10:01. > :10:06.tranquuillity, that tranquuillity was caused by words, not actions.
:10:06. > :10:10.Now we need actions. And I think it will be very hard for the ECB to
:10:10. > :10:14.deliver what both Germany wants which is can't and what Spain and
:10:14. > :10:19.Italy want which is cash. Right, and they're going to have to strike
:10:19. > :10:26.the delicate balance, and it is a very delicate balance to strike.
:10:26. > :10:31.looks like the ECB will do whatever it takes, this will be a open-ended
:10:31. > :10:36.of all debt and printing money, what will that do to the global
:10:36. > :10:41.markets? So F the ECB, does that, and I stress, if, in capital
:10:41. > :10:46.letters, because it is still uncertain, first, that would be
:10:47. > :10:50.tremendous support for Italy and Spain. That would come down. Second
:10:50. > :10:54.it would undermine the long-term credibility of central banks,
:10:54. > :10:58.central banks are not supposed to take on the credit risk. This is
:10:58. > :11:02.for the fiscal agencies, so there's a question about the functioning of
:11:02. > :11:06.institutions, third, it would impose significant political stress
:11:06. > :11:09.within the eurozone for the reasons you heard earlier in your report.
:11:09. > :11:13.Which is the Germans don't think that's the right approach to
:11:13. > :11:18.solveing the problem, they want conditionality, rather than cash.
:11:18. > :11:24.So I think it would solve short- term but come plicate the eurozone
:11:24. > :11:30.long-term. The three things, neutralisation, conditionality and
:11:30. > :11:35.acceptance by citizens in Europe. So far it's been difficult to meet
:11:35. > :11:40.the three criteria. Thank you very much for joining us x. Now, when
:11:40. > :11:45.Prince Harry got his kit off in a Las Vagas hotel room, perhaps he
:11:45. > :11:51.had expectation what went on in a private room in Vegas, stayed in
:11:51. > :11:58.Vegas, he reckoned without a camera phone, and American chat website,
:11:58. > :12:04.has been snapped naked. Like father like son, Prince Charles naked
:12:04. > :12:11.appeared in 1949, but Prince Charles was not a in clairch with a
:12:11. > :12:14.naked woman. Not a single newspaper has done images of Prince Harry,
:12:14. > :12:20.but the Sun which looks nothing like Prince Harry, they were taking
:12:20. > :12:23.no risks. Is it because editors have come on overbarb flee about
:12:23. > :12:32.privacy or fear Lord Justice Leveson is breathing down their
:12:32. > :12:36.necks? Here is Stephen Smith. Keeping a low profile, in cerise
:12:36. > :12:42.bermudas and straw panama, the third in line to the throne has
:12:42. > :12:47.been enjoying down time in Las Vagas, after the duelties of the
:12:47. > :12:51.Olympics. He challenged, Ryan Loche to a race in a nightclub pool. Not
:12:51. > :12:57.sure that was the legacy, everyone was talking about. The Prince
:12:57. > :13:07.invited a whole bunch of people back to his sweert for a few rubers
:13:07. > :13:11.
:13:11. > :13:16.Overnight, celebrity web sites in the States ran fuzzy snaps of a
:13:16. > :13:21.naked Prince Harry, in clinchs with women, also wearing very little.
:13:21. > :13:30.Christmas for the tabloids, or so you'd think. It is a fantastic
:13:30. > :13:35.story, he has no clothes on in a bear hug with a lady which appears
:13:35. > :13:39.to be wearing no clothes in a hotel room, literally any journalist
:13:39. > :13:43.worth his salt, whether at one end of the market or the other, would
:13:43. > :13:48.have said, thank you God. It doesn't affect Prince Harry at
:13:48. > :13:52.aufplt because in a way, people would say, he's 28-year-old army
:13:52. > :13:57.officer, he's single and cavorting with ladies who wish to be Kay
:13:57. > :14:06.vorted with, so where are the issues. There are none, accept one,
:14:06. > :14:09.Leveson. Air strikes yes, Leveson, with his Lordship's judgment coming
:14:10. > :14:14.soon, British newspaper websites so far declined to run the pictures.
:14:14. > :14:20.Quite right too, say some: We have to remember that although this is
:14:20. > :14:24.Prince Harry, and two girls, this is a 27-year-old, single male who
:14:24. > :14:28.hasn't done anything wrong and who ought to be allowed something of a
:14:28. > :14:32.private life. The palace played this exactly right, saying they
:14:33. > :14:36.won't make any comment whatsoever about it. Now, over and above that,
:14:36. > :14:40.there isn't any scandal that he's done something that is wrong.
:14:40. > :14:47.There's no criminal aspect of it, there's no leadership aspect of it,
:14:48. > :14:54.so he's entitleed to have a private life. So it seems that while the
:14:54. > :15:01.old media will of course be invited to royal photo OPs, such as the
:15:01. > :15:06.work out with Bolt, but less obliging on other stories, like
:15:06. > :15:11.websites which lie out Leveson remit. One well known gossip site,
:15:11. > :15:14.written here, posted the Harry pictures. At the end of the Leveson
:15:14. > :15:20.Inquiry, and summation of News International barrister gave to the
:15:20. > :15:25.inquiry, he actually said, it is all right for the Fawkes blowing,
:15:25. > :15:30.they will have a advantage if they clach down on us, so the newspapers
:15:30. > :15:35.are aware this situation cannot exist. And as things get difficult
:15:35. > :15:45.for the old dead tree press, it is to my advantage the Leveson Inquiry
:15:45. > :15:49.
:15:49. > :15:55.It had all been going so well for Prince Harry.
:15:55. > :16:00.So, as we countdown to tomorrow morning's papers, what do you do if
:16:00. > :16:05.you're an editor? Risk the wrath of the owner, the lawyers? So I'm the
:16:05. > :16:10.editor of the Sun, I have loads of other issues flying around me, I
:16:10. > :16:16.don't want to embarrass Rupert Murdoch or cost myself my job, in
:16:16. > :16:20.case I get it wrong. The bold move should be to run the damn things. I
:16:20. > :16:26.understand that links later, and Herbert Smith will be all of you,
:16:26. > :16:30.but there's a reason for doing T it is not as though, it is a hole in
:16:30. > :16:34.the wall camera. This is obviously, clearly surrounded by a group of
:16:34. > :16:39.other young people and said that's rather good, we'll have a picture
:16:39. > :16:46.of that. This strip pool party is bad for who exactly? Harry, the
:16:46. > :16:51.palace, the press? It is beginning to look like a cue.
:16:51. > :16:56.Joining me now, we have the evergreen PR tkpwruer rue, Max
:16:56. > :17:03.Clifford, victim of phone hacking, Feltz felt and Neil Wallis who is
:17:03. > :17:06.on police bail as part of the phone hacking investigation, and unable
:17:06. > :17:12.to answer any questions involving that investigation. If you were at
:17:12. > :17:19.the height of your powers, one of the tabloid papers, would you have
:17:19. > :17:23.printed? PreLeveson yes, now no. Because you're afraid, it is either
:17:23. > :17:30.a good photograph or not. situation is fun, it's a good
:17:30. > :17:35.classic newspaper situation. The problem is, in this post-Leveson
:17:35. > :17:38.era, where newspapers are sixly terrified of their own shadow, they
:17:38. > :17:43.daren't do things that most of the country, if they saw it in the
:17:43. > :17:47.paper, would think, that's a bit of a laugh, there there would be no
:17:48. > :17:53.harm done, and they would not think any worse of either the paper, or
:17:53. > :17:56.of Prince Harry. If you thought it was a laugh, what is the public
:17:56. > :18:01.interest defence in these piketures? It is straightforward.
:18:01. > :18:06.He is the third in line to the throne, he has been on the world
:18:06. > :18:11.stage for weeks and weeks. He is supposedly, rounded by police
:18:11. > :18:17.security officers. The truth is, those girls: Clothed or unclothed.
:18:17. > :18:22.Those girls are a group he met at the hotel. That's fine if you are
:18:22. > :18:27.my 27-year-old son, but this is the third in line. For goodness sake F
:18:27. > :18:30.he were in a state or public capacity, if he was suddenly,
:18:30. > :18:33.striping off, at the Olympic Games in full view of the billion viewers,
:18:33. > :18:37.that would be shocking, and that would be a matter of public
:18:37. > :18:42.interest. What he does, in a private hotel room, is what we
:18:42. > :18:46.expect him to be doing, he is a young fellow, he is not married or
:18:46. > :18:51.on state business not representing the Queen, he is having a good
:18:51. > :18:55.laugh. He deserves it, he has been a great ambassador. Any editor who
:18:55. > :19:01.says Prince Harry is doing what he does in private, get naked and cop
:19:01. > :19:05.off, with the opposite sex, that tickles their fancy, and say it is
:19:05. > :19:09.is a private matter S right. If one of the young women, came to you
:19:09. > :19:14.with that photograph, would you take it to a paip sner There's no
:19:14. > :19:17.point because they wouldn't publish it. In a previous life, pre-
:19:17. > :19:22.Leveson? I wouldn't have done, because I have a lot of time for
:19:22. > :19:27.Prince Harry, I like him. Permly, I wouldn't have done, and I think
:19:27. > :19:31.from a PR prers spective, this won't affect his popularity, in
:19:31. > :19:39.terms of what he does with the armed forces, he does a lot in the
:19:39. > :19:46.kids and charities. I have seen him, he has done a lot he and William to
:19:46. > :19:50.make the Monarch as popular as they are today. It is about why the
:19:50. > :19:56.editors make the decision to do that. You see, this is a perfectly
:19:56. > :20:01.reasonable point of view, and if an editor sits and say on journalistic
:20:01. > :20:06.decisions I will decide to or not, that's fine. They're not, that's
:20:06. > :20:12.not the reason, it is not in the Sun tonight. Hang ong, I want to go
:20:12. > :20:18.back, absolutely, Harry is a really decent guy, the Olympics, he's done
:20:18. > :20:23.so and ofpblt but you represent Rebecca Lewis, David Beckham was
:20:23. > :20:27.perfectly decent guy, wasn't he? David Beckham was married.
:20:28. > :20:32.Allegations all the time. I never didn't say it was. But David
:20:32. > :20:38.Beckham was a family man and the whole brand of Beckham was family,
:20:38. > :20:43.family. That's how he was being solid to the world, Rebecca, if the
:20:43. > :20:47.allegations were true, showed that was rubbish and hypocrisy. And the
:20:47. > :20:52.public were being deceived, that's a justification, if there was any
:20:52. > :20:56.in that situation. There's nothing Prince Harry is pretending to be.
:20:56. > :21:02.What is the line now though, I think you would say, that actually,
:21:02. > :21:06.public interest defence may be 20% now? Absolutely right. It is
:21:06. > :21:12.totally changed. As Neil said, basically, before Leveson, and
:21:12. > :21:18.since Leveson, it's totally changed. And my experience, probably, 80%
:21:18. > :21:24.would have made the front page, don't. Why is it a bad thing that's
:21:24. > :21:30.changeed What you're suffering from is knew neutered newspapers. Max is
:21:30. > :21:35.a great example, he mentioned David Beckham's story, do we believe if
:21:35. > :21:39.the story arose now, whether we would get it in a newspaper, I
:21:39. > :21:42.would suspect, that most editors would be embarrassed if you put it
:21:42. > :21:50.to them, because they would be frightened of the consequences,
:21:50. > :21:53.because if you got attacked by Leveson, he would lose your job. If
:21:53. > :22:00.your paper was criticised, the advertisers would flee. You're
:22:00. > :22:04.saying to me, actually the papers are neutered and editors are
:22:04. > :22:11.sitting on legitimate stories? Dels a load of stories, people have
:22:11. > :22:14.come to me, in the last two or three years, were legitimate public
:22:14. > :22:19.stories, exposing paedophiles, editors are frighteneds because
:22:19. > :22:25.this is their private lives, therefore we can't go will.
:22:25. > :22:29.there a bad effect? This is fabulous, awakening of a dormant
:22:29. > :22:35.conscience, if fear is the catalyst for the conscience, who cares. If
:22:35. > :22:41.there's some kind of moral, awakening, then it is about damn
:22:41. > :22:46.time because they're far too many people's lives have been paid fast,
:22:46. > :22:49.if you ask the public, are you suffering a dreadful dirth, is
:22:49. > :22:54.there a famine of fabulous stories you feast, the public will say,
:22:54. > :22:59.what, they wouldn't know what you're talking about. Have you seen
:22:59. > :23:04.this page, it is not, you seen the photographs., It is something else,
:23:04. > :23:11.everyone has seen the internet, that's hilarious. The reason the
:23:11. > :23:15.Sun that is done this, is Leveson. The point of it is, that if you
:23:15. > :23:20.take away the significance of Prince Harry today. What we're
:23:20. > :23:24.talking about is an issue whereby, we have a culture, that means that
:23:24. > :23:30.here in Britain, in Ireland tonight, you stand on the border, one foot
:23:30. > :23:34.on one side, the Irish, herald has the picture ton its front page. You
:23:34. > :23:39.stand on the other side on the border and the British newspapers
:23:39. > :23:43.are too scared to show that picture. Yet you go on the web, and all over
:23:43. > :23:48.the world you can see these piketures. The only people who
:23:49. > :23:56.can't are British newspapers. It is a response face nat, decent.
:23:56. > :24:00.The point is it is the next stage of news, isn't it? As you said,
:24:00. > :24:06.it's on the web. Lots have looked at it, would you have bought a
:24:06. > :24:13.newspaper if it was in it? To have a good look, he looks fantastic, I
:24:13. > :24:17.would buy a centrefold with Prince Harry looking like that. It is he
:24:17. > :24:20.will straight wheen News of the World closed and Sun took over. It
:24:20. > :24:24.is nothing like it the News of the World, because the British public
:24:24. > :24:30.wanted the scandal, the things that are exposed in the News of the
:24:30. > :24:36.World, that doesn't happen any more. Whether it is a good thing or not
:24:36. > :24:40.it another matter. We talked about:. British public miss it.
:24:40. > :24:44.In advance of Leveson, finally on the question of the Royal family.
:24:44. > :24:48.It will be a very, very, interesting paper that would
:24:48. > :24:54.publish anything in the Royal family now, do you think it is off
:24:54. > :24:58.limits, do you think they've successfully managed the PR. They
:24:58. > :25:02.were off limits until 40 years ago, and suddenly, things were appearing
:25:02. > :25:06.that you would never have dreamt off. Now the Royal family, along
:25:06. > :25:10.with everybody else major store is getting massive protection, mainly
:25:10. > :25:16.because of Leveson and everything has changed out there. There's an
:25:16. > :25:22.argument for and against, you must have a free press, and responsible
:25:22. > :25:29.press, but now, the press's hands are tied behind their back. It is
:25:29. > :25:37.the bad guys that get away with it as a result. The Conservative MP,
:25:37. > :25:43.and author, Louise Mensch wrote a piece in today's Daily Telegraph,
:25:43. > :25:50.about MPs attitude to rape. From Henri de Galle to Todd Akin to the
:25:50. > :25:55.mouriesry Senate race. What could be her last salvo, she challenged
:25:55. > :25:58.David Cameron to put a woman in the senior department. She's fed up
:25:58. > :26:05.with male politicians demeaninging the more risk crime of rape. Here
:26:05. > :26:12.are a few of the comments that annoyed her. Not everybody needs to
:26:12. > :26:17.be asked prior to each insertion, some people believe that when you
:26:17. > :26:22.go to bed with somebody, take off your clothe and have sex with them,
:26:22. > :26:26.and then fall asleep, you're already in the sex game with them.
:26:26. > :26:30.It seems to me first of all, from what I understand from doctors,
:26:30. > :26:34.that's really rare, if it's a legitimate rape the female body
:26:34. > :26:39.that's ways to shut that whole thing down. Assume that didn't work
:26:39. > :26:44.or something, I think there should be punishment, but the pun yushment
:26:44. > :26:49.ought to be on the rapeest and not child. The allegations are rape
:26:49. > :26:54.though aren't they? It is well worth people watching us tonight to
:26:54. > :26:58.go go on-line and discover what they can about the allegations how
:26:58. > :27:04.they were made. Who made them, what those people who made them, did
:27:04. > :27:08.afterwards. And, looking at what happened. Serious rape, I don't
:27:08. > :27:14.think many judges give five years for a forcible rape, frankly. The
:27:14. > :27:22.tariff is longer than that. And a serious rape, where violence, and
:27:22. > :27:27.unwilling woman, you attach much longer than that. A few comments
:27:27. > :27:31.from prominent people. Louise, first of all, there's a serious,am
:27:31. > :27:39.Biff lens here amongst male politicians and not just men, about
:27:40. > :27:43.the idea of a violent stranger rape, and coercion in the home? This
:27:43. > :27:47.gradeation, which is recognised in Swedish law in a strange way?
:27:47. > :27:51.That's the point of my piece, all too often male politicians
:27:51. > :27:54.recognise one type of rape, when a stranger holds you off out of the
:27:54. > :27:58.bushes and rapes you. They don't want to look at the areas of
:27:58. > :28:02.consent or believe a wife for example could say no to her husband
:28:02. > :28:05.and be raped within marriage. They aren't interested in shades of grey.
:28:05. > :28:09.A and that's something we have to change. When you look at it, in
:28:09. > :28:17.England and Wales T became illegal to rape within marriage, 21 years
:28:17. > :28:23.ago, is this a kind of relic of old attitudes or new attitudes as well?
:28:23. > :28:28.Unbelieveablely, shocking, so it is an attitude that has gone on for
:28:28. > :28:34.ages, we should have had marital rape for ages as a crime. It is
:28:34. > :28:39.shocking that took us that long. Those attitudes are still there.
:28:39. > :28:43.And people, actually for whatever reason, have sway? Yes., you mean
:28:43. > :28:45.the politicians have sway, these are the people, this is why it is
:28:45. > :28:50.more important than celebrities making stupid comments about rape.
:28:50. > :28:53.These are the law-makers, that will affect how rapists are punished
:28:53. > :28:56.lepbl slated against and recognised in the courts, and also, they set
:28:57. > :29:02.the culture. And sometimes, women, have been driven to feeling that
:29:02. > :29:08.men just don't get it, they fundamentally don't get it. We've
:29:08. > :29:13.seen politicians from the extreme left, like Craig Murray naming an
:29:13. > :29:18.accuser, live on your programme, former Lib Dem. We've seen people
:29:18. > :29:24.from the extreme right. Ken Neath Clarke. Although I do in Ken's case,
:29:24. > :29:29.he really did mis-speak, he was talking about aggravateing factors.
:29:29. > :29:34.Was ust way of putting things. you have things like Whoopi
:29:34. > :29:38.Goldberg, saying it wasn't rape, rape, it is not just men, who are
:29:38. > :29:43.voicing these attitudes? No it isn't just men, and Helen Mirren,
:29:43. > :29:50.made ust remarks as well. But it is far more often men than women.
:29:50. > :29:55.Whilst it is disgraceful that whoopy as activists seekss to
:29:55. > :29:59.justify the film maker. There is only one type of rape, when a
:29:59. > :30:09.victim of rape does not give consent to sex. That's what makes a
:30:09. > :30:14.in rape. How can this be addressed. What you talked about, is ask David
:30:14. > :30:19.Cameron in a senior role. We have a female Home Secretary? It isn't
:30:19. > :30:22.necessary change, I wish to take issue the idea I'm demanding or
:30:22. > :30:26.challenging David Cameron to do anything, I would encourage him to
:30:26. > :30:30.consider it. I think it would be a great idea to do it. This is
:30:30. > :30:35.already his man, I believe. He inherited a parliamentary party
:30:35. > :30:39.with not very women. He did a lot to change that permly and now we
:30:39. > :30:42.have Anna, who will make a fabulous minister. David Cameron made a big
:30:43. > :30:46.effort to change that, and you were one of the people he chose to make
:30:46. > :30:50.that effort with. And you, potentially were a high
:30:50. > :30:54.flyer, you could have been the woman in the Justice Department.
:30:54. > :30:58.I'm not a lawyer. You could be one of the women who, were there to be
:30:58. > :31:06.making changes N the law, changes in attitudes. More than you even
:31:06. > :31:12.have done so far? Well, think, luckily you're not limit speaking
:31:12. > :31:18.out by sitting in a parliamentary seat. The way David handled the
:31:19. > :31:23.difficult resignation, gives him credit. He supported women in
:31:23. > :31:26.Parliament. Do you think you were able to push the envelope, with
:31:26. > :31:30.younger female MPs. I remember when you came on, and it was interesting,
:31:30. > :31:33.because it was unusual to have a young Conservative, we were talking
:31:34. > :31:40.about nextism so openly, did you contribute to the attitude no
:31:40. > :31:44.changes I hope so. I'm not alone. There's Claire Perry, and a whole
:31:44. > :31:47.bunch of Tory women, very many, women, Tory feminists who self-
:31:47. > :31:51.identify as feminists, that's the important thing, to say nextism is
:31:51. > :31:56.not about the right or the left. Femism is about women. And there
:31:56. > :32:01.are people who support the nextist role across the political spectrum.
:32:01. > :32:05.If we debt that across that's a good thing. On your decision, to go,
:32:05. > :32:09.it is come plicate, but is it possible to have a senior role in
:32:09. > :32:12.politics and raise a family? Absolutely, in my case, it wasn't
:32:12. > :32:15.about having it all or children, as I said the Prime Minister supported
:32:15. > :32:20.flexible working and made that happen in my case. My circumstances
:32:20. > :32:23.are unique, it was more about a family that was split across the
:32:23. > :32:28.Atlantic and strains of doing that, more than a working mother. The
:32:28. > :32:32.Prime Minister has backed women and will continue to do so. Will you
:32:32. > :32:40.ever return to front line politics again? Never say never, but I have
:32:40. > :32:45.a lot on my plate right now. As on the Polly Peck tycoon, whose name
:32:45. > :32:55.was synonymous with the get rich fast will be sentenced tomorrow of
:32:55. > :32:55.
:32:55. > :33:00.ten charges of theft, between 1987 and 1990, amounting to 61.8 million
:33:00. > :33:04.today. His conviction is the end of a fraud office investigation, which
:33:04. > :33:07.had stalled when Nadir fled the country, two years ago, he returned
:33:07. > :33:17.voluntarily to Britain, promising to clear his name.
:33:17. > :33:22.
:33:22. > :33:26.We look back at an extraordinary He was the astonishingly successful
:33:26. > :33:32.millionaire businessman. Whose FTSE 100 company was brought crashing
:33:32. > :33:40.down by an investigation, that's taken over 20 years to complete.
:33:40. > :33:47.Throughout that time, Asil Nadir protested his innocence. There was
:33:47. > :33:53.gross totally, gross conduct of the graveest kind in this whole affair.
:33:53. > :34:03.Now, it's finally ended in his conviction. The Serious Fraud
:34:03. > :34:03.
:34:03. > :34:08.Office's long pursuit of Asil Nadir has been vindicated. 19 80s was the
:34:08. > :34:13.get rich quick decade and no-one got richer, quicker than Asil Nadir.
:34:13. > :34:23.Starting in the rag trade in 1980, he made an investment, that was to
:34:23. > :34:30.
:34:30. > :34:33.He paid nearly �300,000 for a stake in a small textile company, called
:34:34. > :34:43.Polly Peck. As it expended he devoured more and more companies,
:34:44. > :34:44.
:34:44. > :34:47.by the end of the decade, Polly Peck had00 subridries -
:34:47. > :34:53.subsidiaries, and he was a donor to the Conservative Party. By the end
:34:53. > :34:59.of the decade, Polly Peck was one of the leading FTSE 100 companies.
:34:59. > :35:05.But things started to fall spectacularly apart for Asil Nadir
:35:05. > :35:09.when the Serious Fraud Office, raided his offices in Mayfair. They
:35:09. > :35:17.were investigating allegations of insider trading and that triggered
:35:17. > :35:22.the collapse of Polly Peck A very public raid, the newspapers there.
:35:23. > :35:27.With inknew when doe, they create a cloud of you. Rl which is very
:35:27. > :35:33.damaging. Confidence in any company, doesn't matter which company it is,
:35:33. > :35:38.it could be a massive bank or anything else, it can have
:35:38. > :35:43.devastating effect. The September 1990 raid was followed by a
:35:43. > :35:47.shocking series of events x The next day, the Polly Peck share
:35:47. > :35:53.price collapsed. The following month the company went into
:35:53. > :35:57.administration. Then the SFO raided Polly Peck's headquarters, and in
:35:57. > :36:05.December, Asil Nadir was arrested in dramatic circumstances as he
:36:05. > :36:15.arrived back in London on the private jet. There was a massive
:36:15. > :36:20.arrest procedure with dozens of armed surrounding the plane.
:36:20. > :36:26.Ridiculous affair, and I was arrested, taken to holborn place
:36:26. > :36:32.station x It was a catastrophic fall from grace for Asil Nadir who
:36:32. > :36:37.was charged with theft and false accounting on a massive scale.
:36:37. > :36:42.the company collapsed, shareholders, individuals and corporates lost a
:36:42. > :36:46.huge amount of money, various people lost their jobs as well,
:36:46. > :36:52.when PPI collapsed. As far as the reputation of London is concerned
:36:53. > :36:59.as a financial centre, if that sort of thing can occur, it damages our
:36:59. > :37:03.reputation. A mother with five young children, who had used her
:37:03. > :37:10.savings to buy several thousands pounds worth of Polly Peck stock
:37:10. > :37:15.was caught completely by surprise. I had a brilliant annual report
:37:15. > :37:22.from the accountants which gave you no reason to think they would be
:37:22. > :37:27.bad in any way, that it would suddenly go broke. Then a few days
:37:27. > :37:32.later, complete collapse. investigation was run by the
:37:32. > :37:37.Serious Fraud Office which was set up a few years earlier, because of
:37:37. > :37:42.the failure to deal with the wave of financial scannedals. Its
:37:42. > :37:47.reputation was to be severely tested during the pursuit of Nadir.
:37:47. > :37:50.He was accused of zaeling �150 million 348 from Polly Peck's
:37:50. > :37:57.accounts, obviously routeing it vaia the Channel Islands and
:37:57. > :38:04.complex web of companies which the Nadir family controlled. The
:38:04. > :38:10.prosecution said he used 25 million to buy thousands of shares to prop
:38:10. > :38:15.up the price, and 25 million went into family trusts. Then trfs the
:38:15. > :38:19.vanity projects. Stolen money helped buy this 17th century estate
:38:19. > :38:28.in Rutland. He planned to turn in into a gox course. This stately
:38:28. > :38:31.home in Leicestershire, which he bought for himself. After PPI
:38:31. > :38:41.collapsed, the administrators, went to northern Cyprus, to attempt to
:38:41. > :38:46.recover the cash, but found only a black hole. Did you steal that
:38:46. > :38:53.money? Absolutely not. It makes you wonder, a man worth hundreds of
:38:53. > :38:59.millions of pounds, spending dozens of millions of millions of pounds
:38:59. > :39:06.on charity. What motive does he have, for God sake to actually
:39:06. > :39:12.steal money? You steal money from an enterity you created yourself?
:39:12. > :39:16.Absolutely not. In 1993, with his trial date approaching, he decided
:39:16. > :39:21.to flee the UK. Asking a pilot friend to drive him to this remote
:39:21. > :39:28.airfield in Dorset. We came right up to this gate, left the car where
:39:28. > :39:34.it was, walked through, the engines were Turkish r turning the door was
:39:34. > :39:38.open, within 35 seconds we were air borne. The SFO had let the man at
:39:38. > :39:41.the centre of one of the biggest ever fraud trials, slip will you
:39:41. > :39:45.its fingers. And they had no prospect of getting
:39:45. > :39:50.him back. The Turkishish control part of the
:39:50. > :39:56.island has no extradition treaty with the UK for 17 years he lived
:39:56. > :40:05.there, beyond the reach of UK law. With Nadir out of the country,
:40:05. > :40:08.serious questions about the SFO's conduct continued.
:40:08. > :40:13.Tory Government minister, Michael Mates was concerned about the
:40:13. > :40:17.taking and copying of the SFO of legally privileged defence papers,
:40:17. > :40:22.belonging to Asil Nadir. But he was forced to resign, when it was
:40:22. > :40:29.revealed after Nadir's arrest, he'd sent him a watch, engraved with the
:40:29. > :40:37.words "don't let the bugers get you down". In an explosive resignation
:40:37. > :40:43.speech, he lambasted the SFO. God, it is all coming back. Do you
:40:43. > :40:51.remember it. Is it pain snfl This is the moment I was absolutely
:40:51. > :40:59.disturbed, I was in despair. If one cannot come to the House,
:40:59. > :41:05.and tell them what is wrong with the system... If one cannot speak
:41:05. > :41:11.in this place, not about innocence or guilt, not about trial, not
:41:11. > :41:16.about subduediesity, but what has gone wrong with the system, then
:41:16. > :41:21.Madame speaker, what is the point of being here It is after the trial
:41:21. > :41:25.the honourable gentlemen must give this information, that is the point.
:41:25. > :41:28.The SFO's case controller, was disciplined ost cop ig and
:41:28. > :41:35.distribution of the legally privilegeed defence papers, seized
:41:35. > :41:41.in the 1990 raid on Nadir's office. And for failing to fully Brave the
:41:41. > :41:45.then Attorney General. That's enough. But the judge in Nadir's
:41:45. > :41:53.trial, ruled that her conduct, didn't affect the fairness of the
:41:53. > :41:57.trial. The former President of northern Cyprus, who spoke to us
:41:57. > :42:00.shortly before his death last year. He revealed how soon after Nadir
:42:00. > :42:06.arrived back, he was asked by a member of the British Government to
:42:06. > :42:14.have him arrested. I was shocked. I said, under my
:42:14. > :42:21.constitution, he has committed no offence here. We cannot deport a
:42:21. > :42:28.subject. And I cannot arrest a man just because you request it. I'm
:42:28. > :42:34.really shocked. He was shocked. a way I said, well I haven't heard
:42:34. > :42:40.this, forget it. Speculation about why he'd return to Britain remains.
:42:40. > :42:47.But in January, after 20 years of investigations, arrests, claims and
:42:48. > :42:51.counter claims, the trial of Asil Nadir finally got under way.
:42:51. > :42:56.Wearing an electronic tag and bodyguards in tow, he arrived at
:42:56. > :43:05.the Old Bailey. His liberty and reputation of the serious faued
:43:05. > :43:09.office from on the line. A Dad's Army of former board directors,
:43:09. > :43:14.financial expert, police officers, and others, would give evidence of
:43:14. > :43:22.event that happened two decades earlier, leading to the raid on
:43:22. > :43:26.Polly Peck. At his plush officeness Mayfair, Nadir ran things with an
:43:26. > :43:30.autocratic management style. Under a single signatory system he was
:43:30. > :43:37.able to move company money without any other board member having to
:43:37. > :43:42.countersign. Nadir never dispute he moved Polly Peck's money out of
:43:42. > :43:49.accounts in London. His defence to this complex fraud was very simple
:43:49. > :43:54.- it was all about how business was done in Cyprus, back in those days.
:43:54. > :43:57.As Nadir always said that, before he took any money from the company
:43:57. > :44:00.in London, he'd always deposited equivalent amounts of money into
:44:00. > :44:08.company bank accounts here in northern Cyprus. So there could
:44:08. > :44:11.never have been any theft. The justification for that, was that
:44:11. > :44:16.Polly Peck in northern Cyprus needed large amounts of the local
:44:16. > :44:26.currency, Turkishish leera, and his family, and in particular his
:44:26. > :44:27.
:44:27. > :44:34.Under cross-examination, Asil Nadir was asked repeatedly if he could
:44:34. > :44:39.provide evidence of the massive deposits of Turkishish lira. He
:44:39. > :44:44.said it was cuss tum to keep vast stores of cash in secure rooms in
:44:44. > :44:50.wealthy houses and not keep records of the deposits. Defence witnesses
:44:50. > :44:57.spoke about ferrying suitcases full of cash to banks. It would have
:44:57. > :45:02.been brought in by her security guards, plural, but, even then, we
:45:03. > :45:07.think inheritly probably you have a nx security guards going down the
:45:07. > :45:12.street with a number of wheeled suitcases containing these vast
:45:12. > :45:16.amount of cash. The jury agreed. Their verdict, finally delivered
:45:16. > :45:19.just fis for the victims of the collapse of Polly Peck.
:45:19. > :45:24.But that's not quite how Asil Nadir sees it.
:45:24. > :45:31.Something in the region of 70 or 80,000 people lost their jobs, as a
:45:31. > :45:38.result of the downfall of Polly Peck. Shareholders lost billions,
:45:38. > :45:42.of pounds, how do you feel about that? Well, all I have to do is
:45:42. > :45:47.remind you, that I was the biggest shareholder, I was the creator of
:45:47. > :45:54.the company. So in a funny way, I've been the biggest loser in this
:45:54. > :46:04.affair. Tomorrow morning's front affair. Tomorrow morning's front
:46:04. > :46:07.
:46:07. > :46:14.page now, we begin the w the Sun Harry naked romp was sensation says
:46:14. > :46:20.the Daily Mirror. Telegraph, and picture of Harry, in Los Angeles,
:46:20. > :46:25.hours after the pictures went on- line. The palace moved to ban naked
:46:25. > :46:31.photographs, the Prince confirmed they've spoke ton the complaints
:46:31. > :46:36.commission. On the left hand side hups of schools face axe as GCSE
:46:36. > :46:43.grades stall. The right to die campaigner, finds a victory in
:46:43. > :46:48.death. The Guardian, class divide in
:46:48. > :46:51.health widens, and Tories under pressure. Well that is all from
:46:51. > :46:56.Newsnight tonight. The Russian media reported today that sipgel,
:46:56. > :46:59.Sarah Brightman is in talks to become the eighth space tourist to
:47:00. > :47:03.visit the International Space Station. We find archive of her,
:47:03. > :47:13.that might explain why she's so keen to go.
:47:13. > :47:26.
:47:26. > :47:36.# I lost my heart to a star ship trooper
:47:36. > :47:42.
:47:42. > :47:48.Prospects for the weekend don't look Rosie. Thursday morning dawns
:47:48. > :47:51.on a bright cheerful note. Cloud will thicken and we'll see rain
:47:51. > :47:55.arriving. Before that happens across the heart of the Midlands
:47:55. > :48:00.the sunshine will hang on in the afternoon. This is 4.00, a bright
:48:00. > :48:04.prospect for most, the London area, certainly. Koofl at 21-22 degrees.
:48:04. > :48:09.Further west, the cloud will be increasing, filling the sky and
:48:09. > :48:12.producing a few showers across the West Country and Wales not a
:48:12. > :48:22.washout, but will be getting cloudier and damper in some places,
:48:22. > :48:22.
:48:22. > :48:26.will you the second half of the day. It won't feel that warm out there
:48:26. > :48:30.either. Dampness filling in to south-west Scotland. Further east
:48:30. > :48:38.and north, it will abbrighter prospect.
:48:38. > :48:43.Long last, the heavy rain will fade away. Friday, it looks particularly
:48:43. > :48:47.wet. Not a pleasant toned the week. Gusty winds, particularly down
:48:47. > :48:51.towards English Channel coast. Low pressure, approaching our