:00:01. > :00:11.the missing baby girl, who disappear the 30 years ago. Her
:00:11. > :00:16.
:00:16. > :00:23.parents want it to be clear that Welcome to World Business Report.
:00:23. > :00:27.G20 finance chiefs gather in Mexico as Europe prepares to drum up Asian
:00:27. > :00:32.cash to bolster its bail-out funds. Protecting the oceans has become a
:00:32. > :00:35.priority for the World Bank and other organisations who want to
:00:35. > :00:39.raise more than $1 billion for the purpose.
:00:39. > :00:49.And in the euro and out of pocket. Why shrinking wages are forcing
:00:49. > :00:52.
:00:52. > :01:00.quicks to buy their basics abroad. -- forcing Greeks.
:01:00. > :01:04.Finance ministers and others from the G20 need. The top of the agenda
:01:04. > :01:08.is funding for Europe. Officials are asking countries with big
:01:09. > :01:15.foreign exchange reserves, like China and Japan, to lend billions
:01:15. > :01:24.to its financial stability fund. Eurozone leaders have been on a
:01:24. > :01:28.long-running offensive with China to get it to bolster its of bail-
:01:28. > :01:32.out fund. But they have -- face a tough challenge. China is angry at
:01:32. > :01:38.how European states have treated it since the last time it helped to
:01:38. > :01:43.avert a financial disaster. China, Russia, Brazil and India all
:01:43. > :01:51.contributed to the IMF after the 2008 financial crisis. They were
:01:51. > :01:55.promised more power in influence -- power and influence in the IMF but
:01:55. > :01:58.that has not happened. Eurozone countries are building up
:01:58. > :02:03.a firewall to prevent the debt crisis in Greece spreading to
:02:03. > :02:08.countries like Italy and Spain. To counter any run on the market
:02:08. > :02:13.against their government bonds. The current fund, the European
:02:13. > :02:18.Financial Stability Facility, contains 410 billion euros. In July,
:02:18. > :02:22.there will be a permanent firewall - the European Stability Mechanism.
:02:22. > :02:27.That will have 300 billion euros in it. Chinese leaders have told
:02:27. > :02:31.Europeans to build the wall higher. It is a storm tactic to a certain
:02:31. > :02:37.extent. You help yourself first and then we will come in and support
:02:37. > :02:47.you. The idea that China, the so- called wet night, could come to
:02:47. > :02:51.
:02:51. > :02:57.Europe's rescue is helping to calm fear. -- red knight. The idea is
:02:57. > :03:03.that China will eventually step in, that is easing market and buying
:03:03. > :03:07.European markets more time. The World Bank wants to raise $1.5
:03:07. > :03:11.billion over the next five years to protect the world's oceans from
:03:11. > :03:21.overfishing. That is the centrepiece of a global conference
:03:21. > :03:25.in Singapore today. A highly politicised issue.
:03:25. > :03:30.Yes. And the World Bank says it is raising the amount, alongside
:03:30. > :03:33.government and global organisations, to try to protect the oceans. They
:03:33. > :03:37.plan to raise that amount collectively owed the next five
:03:37. > :03:42.years. Of course the World Bank President make that announcement
:03:42. > :03:46.here in Singapore today, where a summit is taking place. All of this
:03:46. > :03:51.confronts problems of overfishing and marine degradation, loss of
:03:51. > :03:56.habitat. This has all resulted in the depletion of many fish stocks
:03:56. > :04:00.around the world, according to and Agriculture Organisation. Some 80%
:04:00. > :04:06.of fish stocks they monitor are threatened. He re Naish of course
:04:06. > :04:11.there is a lack of regulation on overfishing. -- here in Asia.
:04:11. > :04:18.Dishes like shark fin soup have compounded the problem. In
:04:18. > :04:28.developing countries, 1 billion people rely on fish sauces for
:04:28. > :04:29.
:04:29. > :04:33.their primary the source of protein. -- rely on fish stocks. Targets
:04:33. > :04:39.have been suggested. That includes things like rebuilding at least
:04:39. > :04:46.half of the world's fish stocks. I spoke to the CEO of Conservation
:04:46. > :04:49.International earlier and they are helping businesses on how they can
:04:49. > :04:52.contribute. If you do not work with businesses
:04:52. > :04:58.and they do not see why it is in their self interest to collaborate
:04:58. > :05:08.and co-operate, it cannot work. We will always include business. It is
:05:08. > :05:11.
:05:11. > :05:15.important for business because it is something in their interest. If
:05:15. > :05:21.a business does something that is not right, it spreads very quickly
:05:22. > :05:28.in social media. There are many businesses realising that it is
:05:28. > :05:31.again in their self interest to do something positive for the fishing
:05:31. > :05:35.industry. That particular NGO, Conservation
:05:35. > :05:38.International, is working with companies like Wal-Mart, McDonald's
:05:38. > :05:44.and others to help alleviate the situation.
:05:44. > :05:48.Thank you. It is the end of another traumatic week for Greece. To get
:05:48. > :05:52.the bail-out, Athens' government has to push through more austerity
:05:52. > :05:56.measures which will hit living standards. How are quick people
:05:56. > :06:01.managing to make ends meet? The answer is that many are trying to
:06:01. > :06:06.beat rising prices by going to shop outside the euro currency area. In
:06:06. > :06:10.particular, Greeks in the north are streaming over the border into
:06:10. > :06:15.Bulgaria as our correspondent has been finding out.
:06:15. > :06:19.The fish may be local and fresh but nobody is buying. Living costs here
:06:19. > :06:24.may be close to those of Paris or London but most in comes hardly
:06:24. > :06:29.cover the basics like eating, food and rent. So what do they do to
:06:29. > :06:34.feed their families like they used to? There is a way. Jump in a car
:06:34. > :06:39.or bus and head for the border. There, you can make up a lot of the
:06:39. > :06:46.spending power lost through repeated tax rises and wage cuts.
:06:46. > :06:50.Next stop, a Bulgarian town 140 miles north of Greece's second city.
:06:50. > :06:55.For a start, fuel is one-third cheaper and they take euros as well
:06:55. > :07:01.as Bulgarian currency. This town with its long main street of
:07:01. > :07:05.independent stores has become a kind of poor man's Thorndike. Many
:07:05. > :07:12.of these kind of shops have opened up on the door -- border and is not
:07:12. > :07:17.hard to see why. Local products are the cheapest by iron not sure about
:07:17. > :07:24.the quality. Greeks come on Sundays. They need to pay less. -- but I am
:07:24. > :07:29.not sure. Staples can cost half the price. TRANSLATION: Somebody can
:07:30. > :07:34.live on 250 euros a month here, compared to double that in Greece.
:07:34. > :07:40.For some it is not shopping they come for but medical appointments.
:07:40. > :07:44.If you go to a doctor in Greece, they can take 200 euros. Here, it
:07:44. > :07:52.is half price. This town is not alone in welcoming visiting Greeks
:07:53. > :08:00.and catering for their needs. can find the similar situation in
:08:00. > :08:05.Turkey or Macedonia. People living in the Greek islands, it is a
:08:05. > :08:09.phenomenon to see them going to the other side of the city. They can
:08:09. > :08:13.buy even basic goods there. Things are generally cheaper in Bulgaria
:08:14. > :08:17.because wages are lower. Prices are falling across the front here but
:08:18. > :08:24.as long as Greece stays in the euro, cross-border shopping may be here
:08:24. > :08:28.to stay. In other news, UK bank Lloyds is
:08:29. > :08:32.set to reveal the damage from a tough year when it reports annual
:08:32. > :08:42.results later. Lloyds Banking Group is expected to follow RBS in
:08:42. > :08:48.unveiling massive losses in 2011. One estimate is that it will be
:08:49. > :08:58.$3.5 billion. Lloyds, 40% owned by the UK taxpayer, is bearing huge
:08:59. > :08:59.
:08:59. > :09:02.restructuring costs. It cut some 1,500 jobs.
:09:02. > :09:08.Telefonica is also expecting losses. It has been struggling in Spain
:09:08. > :09:18.where it has also had to slash its workforce. They have had to sell
:09:18. > :09:18.
:09:18. > :09:21.off assets to cover debt. off assets to cover debt.
:09:21. > :09:26.Looking and the market. There are good indications from the US. The
:09:26. > :09:32.markers are also mindful of the concern over the European