:00:15. > :00:18.As Europe's leaders gather to tackle the debt crisis, Germany's
:00:18. > :00:23.Chancellor calls for closer financial integration.
:00:23. > :00:27.Anger on the streets of Athens. A general strike over spending cuts
:00:28. > :00:32.is underway in Greece. And growth in China slows, but
:00:32. > :00:38.could the world's second largest economy be ready to bounce back?
:00:38. > :00:42.Welcome to BBC World News. Also in the programme: Taking on the
:00:42. > :00:48.traffickers. The British police struggle to stem the flow of people
:00:48. > :00:51.lured into modern-day slavery. The mother of con-joined twins
:00:51. > :01:01.describes her joy after a successful operation to separate
:01:01. > :01:05.
:01:05. > :01:10.them. The Germany Chancellor, Angela
:01:10. > :01:17.Merkel, has called for the European Union to have powers to veto Member
:01:17. > :01:22.States and budgets. Addressing the German Parliament, she said
:01:22. > :01:26.Europe's finances chief should be able to intervene if the budget
:01:26. > :01:31.rules are in place. She acknowledges that many don't want
:01:31. > :01:37.to hand more powers to Brussels, but said that the German government
:01:37. > :01:42.would push for it. The two- day EU summit begins in Brussels. I asked
:01:42. > :01:48.about the planned banking union and the eurozone Treasury that many
:01:48. > :01:52.countries are resisting. Blank banking union is about
:01:52. > :01:56.regulating the banks, but these are two separate things. They are part
:01:56. > :02:00.of the same discussion. That discussion is about what
:02:00. > :02:08.instruments, what measures the eurozone needs to put in place in
:02:08. > :02:12.order to create a stable and viable single currency. If you think back
:02:12. > :02:15.to a decade ago, setting up the eurozone in the first place, the
:02:15. > :02:21.politics then was really getting into the way of the economics.
:02:21. > :02:27.Everyone agreed that they set up a viable economic single currency,
:02:27. > :02:31.but not a perfect one. Those imperfections are in part, at least,
:02:31. > :02:35.the root cause of the current crisis and the inability of the
:02:35. > :02:41.eurozone to get out of it. You have to look back ten years to see
:02:41. > :02:45.exactly what they are trying to fix today.
:02:45. > :02:52.13 years ago, unlucky for some, this was the world as it looked to
:02:52. > :02:56.the European Commission. The launch of the Euro system,
:02:56. > :03:02.apparently flying in prosperity for all who signed up to it.
:03:02. > :03:06.But as the courts to -- corks popped, they knew they were setting
:03:06. > :03:09.up an imperfect system, a system they are trying to fix right now.
:03:09. > :03:14.Fast-forward to the same building today, where leaders will continue
:03:14. > :03:17.their debate on what they are willing to do to create a viable,
:03:17. > :03:24.single currency. One step on the road is a banking union to cover
:03:24. > :03:28.the eurozone it would have a single supervisor, a common bank deposit
:03:28. > :03:31.scheme for customers and a common rescue scheme.
:03:31. > :03:35.Opposite, in the European Commission, the top floor, the
:03:35. > :03:40.President believes that the first of those can happen soon.
:03:40. > :03:45.What I still expect is possible to do, is to have an agreement until
:03:45. > :03:50.the end of this year on one very important element of the banking
:03:50. > :03:58.union, a single mechanism, a single supervisory mechanism. We have put
:03:58. > :04:00.forward for the proposals, I expect the koun sill -- court of law to
:04:01. > :04:05.agree on this. The debate that is taking place
:04:05. > :04:10.here will have impact on theaway that the European Union is set up.
:04:10. > :04:13.The measures discussed relate to the countries in the eurozone.
:04:13. > :04:17.Otherwise outside the single currency, like Britain, will have
:04:17. > :04:22.to decide how much if at all, they wish to be involved. The club
:04:22. > :04:26.within a club is being strengthened. For now it is fixing the single
:04:26. > :04:31.currency that is the key. The debate is fierce, the main
:04:31. > :04:35.players are divided, but they do want to find a solution.
:04:35. > :04:42.We started to talk about Angela Merkel, and what she had to say
:04:42. > :04:46.this morning. In her words, there is really the
:04:46. > :04:51.expose that the differences between her position, the German position
:04:51. > :04:54.and broadly speaking, the French position. There are several
:04:54. > :04:58.differences, the Germans are reluctant in pushing ahead quickly
:04:58. > :05:02.on a banking union as Jose Manuel Durao Barroso was saying, the
:05:02. > :05:07.European Commission wants to see the first stages of that by the end
:05:07. > :05:11.of the year. The Germans are wary. The French do want to move ahead
:05:11. > :05:16.with it. The Germans, as Angela Merkel was saying, that they want
:05:16. > :05:23.to see firm and solid rules put in place to govern the budgets, the
:05:23. > :05:27.spending and the tax policies of individual eurozone members
:05:27. > :05:31.countries with a strict truck tower able to enforce the rules in
:05:31. > :05:36.Brussels, but the French are reluctant about that. So come
:05:36. > :05:39.Peting visions of how to get to the ultimate prize which is a stable
:05:40. > :05:43.and viable single currency area that cannot fall into the kind of
:05:44. > :05:47.trap that it is in at the moment and within the competing visions
:05:47. > :05:52.there are danger, of course, that the politics, once again, will get
:05:52. > :05:56.in the way of delivering a viable economic solution to the current
:05:56. > :06:01.crisis. Our Europe Correspondent in
:06:01. > :06:05.Brussels. We are to show you the scene in the Greek capital, Athens,
:06:05. > :06:10.where the general strike is underway. The demonstrators are gar
:06:10. > :06:17.gathering in the square outside of the Parliament building. Waving
:06:17. > :06:22.bans -- banners and slogans. The 20th strike to take place in two
:06:22. > :06:27.years. Taxi drivers, ferry workers, doctors, teachers are among those
:06:27. > :06:31.striking across the public and the private sectors. It comes as the
:06:31. > :06:37.Greek Prime Minister meets EU counterparts in Brussels to discuss
:06:37. > :06:40.13..5 billion Euros of savings, that's the main condition, for more
:06:40. > :06:46.rescue funds. The analysts are saying the same thing, which is
:06:46. > :06:50.that Greece will run out of money next month if they don't get the
:06:50. > :06:54.next amount of bail out money from the eurozone countries.
:06:54. > :07:00.China's economy is continuing to slow down. Beijing has released the
:07:01. > :07:05.latest figures showing that the growth in the last quarter was down
:07:05. > :07:11.from 7.6% in the previous quarter, but there are signs that the
:07:11. > :07:18.economy is restabilising and rebounding. Chinese leaders have
:07:18. > :07:24.said they will boost low levels of domestic consumption.
:07:24. > :07:31.They have just got hitched and they are big spenders. Since the summer,
:07:31. > :07:37.this woman and her husband have plurpblged on sofas, TVs and
:07:37. > :07:41.computers. A cool $15,000 on Furnishing their new home.
:07:41. > :07:46.TRANSLATION: We spend a lot of money. We want to have a good
:07:46. > :07:50.quality of life, but it is expensive here.
:07:50. > :07:55.Care-free consumer spending is what China's leaders want to see.
:07:56. > :07:59.In the town of Chin Yen, the orders are piling up.
:07:59. > :08:05.These goods would have once been shipped overseas.
:08:05. > :08:12.But this town is a major centre for online shopping. It caters to
:08:12. > :08:16.millions of Chinese consumers. Every day, they sell 10,000 pairs
:08:16. > :08:21.of underwear. This woman says by targeting the domestic market, her
:08:21. > :08:25.business is now booming. TRANSLATION: We have ten staff in
:08:25. > :08:29.the office, but I am looking to take on new people. I think that
:08:29. > :08:33.this business has a very good future.
:08:33. > :08:37.But despite the growth, Chinese consumption is just half of that of
:08:37. > :08:41.the US. That will be one of the biggest
:08:41. > :08:46.challenges facing China's next generation of leaders. Boosting the
:08:46. > :08:50.domestic consumption will not be easy. It will involve carrying out
:08:50. > :08:59.painful economic reforms, but it is a process that China must go
:09:00. > :09:03.through in order to ensure more sustainable economic growth.
:09:03. > :09:08.They like the comforts of life. This woman spends what she earns
:09:08. > :09:17.and is fine with that. China will need millions more like
:09:18. > :09:21.her if its economy is to change. OK. It continues to slow down, but
:09:21. > :09:26.why do the markets like that? Is this about stability? It is.
:09:26. > :09:31.Because the slowing of the Chinese economy, the pace of that slowdown
:09:31. > :09:37.is declining. This past quarter, the past three
:09:37. > :09:41.months, the economy grew 7.4%. The previous quarter it was 7.6%. So
:09:41. > :09:49.there are drops in the economy, that is slowing. That is good news.
:09:49. > :09:51.It is stabilising, but add into there, was the good news on the
:09:51. > :09:54.retail side of things. That is very important. That refers to domestic
:09:54. > :09:59.consumption. What the Chinese themselves are
:09:59. > :10:04.buying and spending on the ground. Retail sales for the quarter grew
:10:04. > :10:10.by 14.%. That is really important. We saw productivity at Chinese
:10:10. > :10:16.factories, that was up. productivity in Chinese mines was
:10:16. > :10:24.up. So this bodes well. This is what has been facing Beijing for
:10:24. > :10:28.some time, the dilemma in moving away from an export-driven economy.
:10:29. > :10:33.Not to just rely on exports as then we are relying on the rest of the
:10:33. > :10:37.world to buy Chinese stuff, but it is about getting the Chinese to
:10:37. > :10:40.spend money on the ground. The retail figures suggest that this is
:10:40. > :10:46.working. The markets are up. The analysts are saying that the
:10:46. > :10:49.numbers are positive. Most of the analysts have have been
:10:49. > :10:54.speaking to. The year on year growth number was down. That was
:10:54. > :10:58.very much expected. The signals are indicating that the economy is
:10:58. > :11:02.gathering momentum. I think in particular with focusing on the
:11:02. > :11:07.September numbers which were slightly better than connected. The
:11:07. > :11:10.retail sales number showing that the monthly growth in retail sales
:11:10. > :11:16.was the strongest figure this year. That is good news for the
:11:16. > :11:19.government, trying to make the economy more driven by domestic
:11:19. > :11:23.consumption and less reliant that had driven the boom in the wake of
:11:23. > :11:27.the global financial crisis. It is interesting, the opposite of
:11:27. > :11:33.what we are doing here we are rebalancing in favour of
:11:33. > :11:37.manufacturing, they are doing it the other way around? Absolutely.
:11:37. > :11:42.Chinese has been suffering from a surplus in areas such as
:11:42. > :11:46.infrastructure and housing. The Government has been bringing in
:11:46. > :11:52.those structures and maintaining the tight controls on the housing
:11:52. > :11:55.sector as it loosenings up the policies in other areas. This is a
:11:56. > :12:02.signal for the government that the policies are working. We are
:12:02. > :12:09.optimistic that the economy is strengthening moving into 3013.
:12:09. > :12:14.Is this good -- 2013. Is this good for British business?
:12:14. > :12:18.It is good news. Chinese consumers are seeing their incomes rising
:12:18. > :12:25.rapidly. It is double digit figures for a long time. It sees them with
:12:25. > :12:33.more income to spend on the foreign products that are imported into
:12:33. > :12:39.China. Let's have a look at the general
:12:39. > :12:45.strike in Athens. That has kicked off there, if you will. Oh, there
:12:46. > :12:52.is a fire-bomb. There is tear gas being dropped. This is the second
:12:52. > :12:57.or third general strike in a number of weeks. Of course this is a big
:12:57. > :13:02.general strike, we are talking taxi drivers, air traffic controllers,
:13:02. > :13:06.the thousands that are protesting. The protesters are of course
:13:06. > :13:12.protesting against the austerity rounds. An interesting question we
:13:12. > :13:19.are talking about this morning to exports, is who is the target
:13:20. > :13:28.audience for, for these strikes. Some will say that Athens has their
:13:28. > :13:34.hands tied, but a lot of these ro tests are directed to Angela Merkel
:13:34. > :13:43.and some other eurozone leaders who are insistent... Dramatic shots
:13:43. > :13:46.there, but these are insistent, these leaders, that Greece stick to
:13:46. > :13:50.tough measures, but you are talking about huge numbers of unemployment
:13:50. > :13:56.and huge human hardships on the ground in Athens.
:13:56. > :14:03.Let me talk about Nokia. The finished mobile phone giant, former
:14:03. > :14:08.giant that announced dire results this morning. The business lost
:14:08. > :14:12.under $1..3 billion. Worse than the $1 billion loss expected from
:14:12. > :14:20.Nokia's shares. The shares have more than halved. Investors warn
:14:20. > :14:26.that they have further to fall. Let's join Stewart Miles. Let's
:14:26. > :14:31.start with the same old, same old, another quarter, another set of
:14:31. > :14:35.horrible numbers from Nokia? Yes, they are in the waiting game. A
:14:35. > :14:40.holding pattern. They have new phones, but they will not come out
:14:40. > :14:44.until November. There is an announcement on Windows 8. They are
:14:44. > :14:48.put in a situation by Microsoft as they are now. They are not selling
:14:48. > :14:53.the current phones as everyone is waiting two weeks for the new
:14:53. > :14:57.phones to come out and it is all guns ablazing, but not a great
:14:57. > :15:02.timing. Can I ask you this. We cannot
:15:02. > :15:06.stress enough how much hope the company and others are ping on the
:15:07. > :15:16.new models, but surely, some will say that a few new models on the
:15:17. > :15:25.
:15:26. > :15:31.With every week that has gone by, we have had new announcements. The
:15:31. > :15:38.big problem they have is Microsoft of announcing a new system, the big
:15:38. > :15:44.launch event for sat -- for that side of their business. At the end
:15:44. > :15:50.of October, then their new phone system. Just as you think, maybe
:15:50. > :15:57.this is the moment, Google have announced their new phones on 29
:15:57. > :16:01.October. Apple are saying they will be launching something big next
:16:01. > :16:07.week which we are expecting a many tablet, which will take away from
:16:07. > :16:11.the excitement that Nokia is trying to build up. Every time it tries to
:16:11. > :16:21.do something and seems to be getting some headway, another major
:16:21. > :16:35.
:16:35. > :16:39.player comes in. They have something to say as well.
:16:39. > :16:41.You're watching BBC World News. Coming up: Keeping his eye on the
:16:41. > :16:47.ball. Why this endangered tiger travelled over 6,000 kilometres, to
:16:47. > :16:51.meet his match. A man who spent a week adrift in
:16:51. > :16:54.his own boat after its mast was ripped off, has arrived back on dry
:16:54. > :16:57.land in Australia. Glenn Ey was reunited with his mother in Sydney
:16:58. > :17:01.after the pilot of a commercial flight over the Tasman Sea
:17:01. > :17:04.instructed his passengers to help the search and rescue. From Sydney,
:17:04. > :17:10.Duncan Kennedy reports. Bearded, barefoot and bedraggled.
:17:10. > :17:19.The moment Glenn Ey thought would never come. Dry Land and a hug from
:17:19. > :17:24.his mother. No idea of the difference between standing on
:17:24. > :17:32.ground, and being up there, in massive seas, not knowing where you
:17:32. > :17:37.are. For his mother, sheer relief. The drama began two weeks ago when
:17:37. > :17:42.he set off to sail on a dream voyage to New Zealand. This police
:17:42. > :17:47.video shows what happened to his boat, it bordered his plot to find
:17:47. > :17:53.the last missing, it had been smashed last Sunday after it was
:17:53. > :17:59.ruled by a giant wave leaving Glenn Ey adrift. He had thought he was
:17:59. > :18:04.relatively close to the shoreline of Sydney but in fact he was 200
:18:05. > :18:08.nautical miles out to sea, without any fuel. At that point, he set off
:18:08. > :18:16.his emergency beacon. That is where the story takes another incredible
:18:16. > :18:22.twist. Two commercial airlines were diverted to help look for him. The
:18:22. > :18:27.Air Canada aeroplane descended down to 5,000 feet. Passengers were
:18:27. > :18:31.asked to act as lookouts, eventually spotting Glenn Ey in the
:18:31. > :18:37.ocean below. If the captain made an announcement they were so pleased
:18:37. > :18:40.they had identified the yacht, they could see a person on top of it,
:18:40. > :18:47.they had alerted search and rescue and were sending a rescue
:18:47. > :18:53.helicopter. Police were sent and picked him up. I wasn't afraid and
:18:53. > :19:00.I knew where I was. One minute I was 270 miles rather than 60, I was
:19:00. > :19:06.concerned. By this time, I had been found. I was hopeful we could work
:19:06. > :19:11.something out. Celebrations have come in the form of a pit -- of a
:19:11. > :19:21.huge trench. Asked if he would head out to sea, he was blunt, No I am
:19:21. > :19:28.
:19:28. > :19:31.This is BBC World News. The headlines: As European leaders
:19:31. > :19:33.gather for talks, Germany's chancellor calls for more powers to
:19:33. > :19:37.veto member states' budgets. Meanwhile, another general strike
:19:37. > :19:47.is being held in Greece over the next round of government spending
:19:47. > :19:56.
:19:56. > :19:59.cuts. A group representing some of
:19:59. > :20:05.Pakistan's biggest journalism organisations have expressed
:20:05. > :20:15.concern about threats made by the Taleban, in the aftermath of the
:20:15. > :20:16.
:20:16. > :20:21.attack on the teenage girl in the country. One journalist joining us
:20:21. > :20:27.now, it is at BBC Broadcasting House, what kind of threats were
:20:27. > :20:37.levelled at you? The teenage girl first appeared on my TV show three
:20:37. > :20:39.
:20:39. > :20:46.years ago in 2009. And participated many times thereafter. I condemned
:20:46. > :20:53.the attack by the Taleban, I raised many questions. The Taleban were
:20:53. > :21:03.angry, sending messages. Two days ago, at a Taleban spokesperson sent
:21:03. > :21:08.
:21:08. > :21:12.me a six-page letter. He said I was the enemy of Islam and if I stopped,
:21:12. > :21:21.if I did not stop my support for Malala, they would teach me a
:21:21. > :21:24.lesson. They are calling my colleagues. No
:21:24. > :21:33.security or intelligence agency in Pakistan is able to apprehend them
:21:33. > :21:37.or intercept them. I do not think these people are hiding in the
:21:37. > :21:46.northern region because they cannot operate in else, I suspect they are
:21:46. > :21:51.hiding in a bid, urban area. In one of my TV shows a few days back...
:21:51. > :21:56.The new threats that have been levelled in the past, against
:21:56. > :22:00.people who are broadcasting the story of this young woman, this 14-
:22:00. > :22:07.year-old, are those threats credible? Bob people really in
:22:07. > :22:16.danger? Yes. They have issued threats not only to me, but have
:22:16. > :22:22.mentioned the name of another TV anchor, to the TV channel. These
:22:22. > :22:30.threats are credible. One of our colleagues, they have confirmed
:22:30. > :22:34.they have received telephone calls from the Taleban leaders. There is
:22:34. > :22:43.evidence the Home Ministry in Pakistan have issued a letter, two
:22:43. > :22:49.days ago, saying in that letter that the Taleban leader has issued
:22:49. > :22:56.orders on a landline telephone number to one of his commanders,
:22:56. > :23:00.that operations be abandoned. That the media is more dangerous than
:23:00. > :23:08.the security forces and the Army. That is why I think these threats
:23:08. > :23:11.are really credible. The England defender John Terry has
:23:12. > :23:14.decided not to appeal against a four-match ban and fine for
:23:14. > :23:18.racially abusing fellow player Anton Ferdinand. Let's get more on
:23:18. > :23:21.this with our sports correspondent, Andy Swiss, who is in the BBC Sport
:23:21. > :23:26.Centre. What else do we know? It is worth
:23:26. > :23:30.reminding you of the background, this goes back to a Premier League
:23:30. > :23:35.match last October between Chelsea and Queens Park Rangers. TV cameras
:23:35. > :23:42.seemed to show John Terry, the Chelsea captain, using a racist
:23:42. > :23:47.insult towards the QPR Ranger -- player Anton Ferdinand. John Terry
:23:47. > :23:52.said he was merely repeating an accusation made against him by
:23:52. > :23:57.Ferdinand. He was charged by police, found not guilty in court, but the
:23:57. > :24:03.FA charged him as well, they have a lower burden of proof. He was found
:24:04. > :24:08.guilty by the FA, and banned for four matches and fined. He had
:24:08. > :24:14.until today to appeal against that punishment but has decided not to.
:24:14. > :24:18.He has apologised for the first time and said he wanted to take the
:24:18. > :24:23.opportunity to apologise for the language he used end that game. He
:24:23. > :24:29.accepts that the language he used was not acceptable on the football
:24:29. > :24:33.field or in any walk of life. He has accepted his four match ban and
:24:33. > :24:40.it will be interesting to see whether Chelsea impose any further
:24:40. > :24:47.punishment. Let us go back lied to Athens. The
:24:48. > :24:51.general strike going on. The German Chancellor a few hours ago in a
:24:51. > :24:55.German Parliament saying we should get involved in the fiscal affairs
:24:55. > :25:02.of other countries more than we have. She made those comments this
:25:02. > :25:07.morning ahead of joining other leaders for their two day summit in
:25:07. > :25:17.Brussels to work out how best to solve the eurozone crisis. Possibly
:25:17. > :25:17.
:25:17. > :25:27.by putting together a banking union. A not a eurozone Treasury, and this
:25:27. > :25:28.
:25:28. > :25:38.strike you can see right now. Greece is cuddly preparing an �11
:25:38. > :25:40.
:25:41. > :25:46.billion package of austerity -- currently. In turn, the next
:25:46. > :25:51.tranche of financial aid will be 31 billion euros, crucial, because
:25:51. > :25:57.Greece will officially have no more money in the bank next month. The
:25:57. > :26:02.trade unions say they hope to show a new wave of pension cuts will
:26:02. > :26:09.only worsen the plight of Greek people. Their line is we cannot
:26:09. > :26:14.take any more or austerity, with unemployment running at 25%, Greece
:26:14. > :26:20.now is in its 5th consecutive year of recession, a quarter of the
:26:20. > :26:27.workforce is unemployed, mirroring almost exactly what has been going
:26:27. > :26:31.on in Spain for the past couple of years. Cracks are already appearing
:26:31. > :26:33.in the coalition government, the party leaders are not on the same
:26:33. > :26:43.page although the Greek Prime Minster has said on record they
:26:43. > :26:54.