Browse content similar to 02/11/2011. Check below for episodes and series from the same categories and more!
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This is BBC World News Today with me, Philippa Thomas. Facing the | :00:13. | :00:16. | |
music in Cannes, the Greek Prime Minister goes into emergency talks | :00:16. | :00:21. | |
with the French and German leaders. Furious at his call for a Greek | :00:21. | :00:26. | |
vote on the euro bail-out plans. And on the eve of the full G20 | :00:26. | :00:30. | |
summit, at the head of the Anglican Church calls on leaders to consider | :00:30. | :00:36. | |
the morality of banking and profit. We need to hone in on a number of | :00:36. | :00:40. | |
very specific questions that might be asked. Nobody has any solutions | :00:40. | :00:44. | |
of the night, but it is important to ask the right questions. | :00:44. | :00:49. | |
Also coming up, hope for peace in Syria. Seven months of protest and | :00:49. | :00:54. | |
bloodshed, Neisseria's Government says it will pull tanks from the | :00:54. | :00:58. | |
streets and talk to the opposition. A French satirical magazine is | :00:58. | :01:02. | |
firebombed for poking fun at his arm. The French Prime Minister says | :01:02. | :01:05. | |
the attack is unjustifiable, but was Charlie Hebdo asking for | :01:05. | :01:15. | |
:01:15. | :01:17. | ||
trouble? 60 years on, the multi- Oscar- | :01:17. | :01:20. | |
winning musical An American in Paris is re-released. We will speak | :01:20. | :01:30. | |
:01:30. | :01:37. | ||
to one of its stars, the French actress Leslie Caron. | :01:37. | :01:41. | |
Hello and welcome. The German Chancellor Angela Merkel says the | :01:41. | :01:45. | |
eurozone plan to save Greece from bankruptcy is not up for | :01:45. | :01:50. | |
renegotiation. In just half an hour, the German leader and President | :01:50. | :01:54. | |
Sarkozy of France will hold an emergency meeting with the Greek | :01:54. | :01:57. | |
prime minister George Papandreou, ahead of Thursday's G20 summit in | :01:58. | :02:02. | |
Cannes. They are furious with his announcement of a referendum on the | :02:02. | :02:05. | |
bail-out plan for Greece. The German Finance Minister has said | :02:05. | :02:10. | |
Greece may have to leave the eurozone completely if its voters | :02:10. | :02:14. | |
reject the deal. The BBC's Tanya Beckett is in Cannes ahead of that | :02:14. | :02:18. | |
meeting. How close are we to that dressing down for the Greek Prime | :02:18. | :02:28. | |
:02:28. | :02:29. | ||
Minister? Very close. We have friends's and Nicolas Sarkozy with | :02:29. | :02:34. | |
the premier of China at the moment. The Chinese premier we think kept | :02:34. | :02:39. | |
him waiting for about ten minutes on the red carpet. The former | :02:39. | :02:44. | |
French prime minister -- finance minister, now head of the IMF, has | :02:44. | :02:48. | |
arrived. There was a press scrum through which she had to fight. | :02:48. | :02:54. | |
This is going to be a rather tense couple of days. | :02:54. | :02:57. | |
For the leaders of France and Germany, the shock of a Greek | :02:58. | :03:02. | |
referendum feels like betrayal. Board President's Sarkozy and Jan | :03:02. | :03:08. | |
slumber call made huge efforts to deliver last week's Eur rescue deal. | :03:08. | :03:11. | |
Tonight to they have summoned the Greek prime minister to Cannes to | :03:11. | :03:16. | |
urge him to stick with it. This is the man who has plunged the | :03:16. | :03:19. | |
European Union back into crisis. George Papandreou agreed last week | :03:19. | :03:24. | |
to what was called the ultimate rescue. Now it is unravelling | :03:24. | :03:28. | |
because he so insists the Greek people must accept or reject it | :03:28. | :03:32. | |
first in a referendum. There is no disguising Chancellor Mackle's | :03:32. | :03:39. | |
anger today. TRANSLATION: We agreed a plan for Greece last week, and as | :03:39. | :03:42. | |
far as the European Union is concerned we want to put this into | :03:42. | :03:47. | |
practice. But for this, we need clarity. The meeting tonight should | :03:47. | :03:51. | |
help with precisely this. Five days ago Europe was | :03:51. | :03:54. | |
celebrating a package of measures to say the euro. All the leaders | :03:55. | :04:01. | |
then agreed on and �86 billion loan to Athens, and a 50% white off or | :04:01. | :04:06. | |
reduction in the country's debt. Now the move to hold a referendum | :04:06. | :04:11. | |
has thrown everything into doubt. You can hear the frustration from | :04:11. | :04:15. | |
France's prime minister in Parliament today. TRANSLATION: The | :04:16. | :04:19. | |
Greeks must understand that Europe cannot spend long weeks waiting for | :04:19. | :04:25. | |
the response they will give at the referendum. The Greeks must say | :04:25. | :04:28. | |
quickly and unambiguously whether or not they are choosing to keep | :04:28. | :04:36. | |
their place in the eurozone. As the world's most powerful | :04:36. | :04:39. | |
leaders arrive here in Cannes and the presidents of the United States | :04:40. | :04:44. | |
in China will be here, the economic giants, it is clear that patients | :04:44. | :04:48. | |
with Greece is rapidly running out. Not just a money eurozone | :04:48. | :04:53. | |
governments, because the hall of the world has a stake in this. The | :04:53. | :04:57. | |
departing Europe crisis at is intensifying, raging uncertainty | :04:57. | :05:02. | |
and instability threatening economies right around the globe. | :05:02. | :05:07. | |
Protesters in Cannes are hoping to have their voices heard too. Their | :05:07. | :05:11. | |
complete - democracy in Greece is being sacrificed. They mocked | :05:11. | :05:14. | |
President Sarkozy and insist the world's leaders need to join them | :05:14. | :05:17. | |
taking the plunge to protect ordinary people as well as | :05:17. | :05:27. | |
promoting global growth. James Robbins, BBC News. | :05:27. | :05:31. | |
James Robbins reporting on the foundation for this summit. Joining | :05:31. | :05:36. | |
me now is the bureau chief for the Financial Times. He is based in | :05:36. | :05:41. | |
Brussels. It is going to be a difficult | :05:41. | :05:45. | |
couple of days. What can the Greek Prime Minister say to the leaders | :05:45. | :05:49. | |
of France and Germany and that they can say back to him? I don't think | :05:49. | :05:54. | |
there is much they can say. If they are going to press him hard on a | :05:54. | :06:00. | |
referendum, either do it quickly or not at all. They are very angry, | :06:00. | :06:07. | |
literally steaming. I think they are going to push him to call a | :06:07. | :06:09. | |
general referendum and do it very quickly so he can get it through | :06:09. | :06:13. | |
and they can get the money. So ask the right question to elicit the | :06:13. | :06:19. | |
right answer. Yes, there have already been calls to him saying | :06:19. | :06:23. | |
you have got to find a way to get out of this. We will see the | :06:23. | :06:31. | |
pressure on him. People in his party are saying we have to watch | :06:31. | :06:37. | |
very closely the language of what the referendum says. Does it say we | :06:37. | :06:40. | |
reject the 130 billion euros bail out, what does it say we support | :06:40. | :06:45. | |
the euro, we would like to support the EU? The wording will become | :06:45. | :06:50. | |
much more broad so it is harder to reject. But any delay is very | :06:50. | :06:57. | |
unwelcome, because the longer it goes on the more the likes of Italy, | :06:57. | :07:02. | |
will have to pay a very great deal for their dead. And there is a very | :07:02. | :07:08. | |
hard deadline coming up in mid- December. There is a bond that | :07:08. | :07:14. | |
Greece must pay and it does not have the money. Suddenly that is a | :07:14. | :07:20. | |
hard default. Everyone is afraid of this, that this is going to bring | :07:20. | :07:24. | |
down not only the eurozone but the global economy. The repercussions | :07:24. | :07:29. | |
are that people do not know. It is like Lehman Brothers where the | :07:29. | :07:32. | |
whole international system gets frozen up. Is there enough time now | :07:32. | :07:37. | |
for George Papandreou to unwind and get the money to Athens to pay that | :07:37. | :07:44. | |
Bond, and I do not know if this summit is going to resolve that. | :07:44. | :07:48. | |
The head of the Financial Times based in Brussels there. As you can | :07:48. | :07:52. | |
see, there is really very little room to manoeuvre and speed is of | :07:52. | :07:57. | |
the essence. It is a luxury we do not have here in Cannes. | :07:57. | :08:00. | |
The head of the Anglican Church said today the G20 leaders should | :08:01. | :08:04. | |
consider the morality of finance during their next few day's | :08:04. | :08:08. | |
discussions. Later we will be asking if politicians are really | :08:08. | :08:12. | |
hearing the voice of the so-called silent majority. | :08:12. | :08:15. | |
After seven months of violent crackdowns bond anti-government | :08:15. | :08:19. | |
protests, the Syrian Government says it will accept an Arab League | :08:19. | :08:24. | |
plan to end the bloodshed. More than 3,000 people have been killed | :08:24. | :08:28. | |
since the Arab Spring swept into Syria in March, and the new plan | :08:28. | :08:32. | |
includes an immediate halt to violence. The removal of tax from | :08:32. | :08:35. | |
the streets and the beginning of dialogue with the opposition. The | :08:35. | :08:40. | |
plan was agreed at an Arab League meeting in Egypt and we can get the | :08:40. | :08:43. | |
latest from our correspondent reported macro. | :08:43. | :08:46. | |
I suppose the important thing to establish his army said in Damascus | :08:46. | :08:52. | |
has signed up to this? The Syrian state television last night was | :08:52. | :08:56. | |
saying that Syria had agreed to the deal. We have not had much from | :08:57. | :09:02. | |
Damascus tonight, although apparently President Assad has | :09:02. | :09:07. | |
decided to set up a committee for this national dialogue. We have not | :09:07. | :09:11. | |
had the details or heard whether they say they have any reservations, | :09:11. | :09:15. | |
any technical reservations. Certainly the Arab League says they | :09:15. | :09:19. | |
have accepted it comprehensively, but the key is whether they | :09:19. | :09:25. | |
implement it. The Arab League says it will be monitoring what goes on. | :09:25. | :09:29. | |
I think the key about this agreement is it seems to have been | :09:29. | :09:34. | |
quite tightly drawn. I cannot see the weather room for manoeuvre is | :09:34. | :09:41. | |
for the Syrians to delay. So either way, I think this is again changes. | :09:41. | :09:45. | |
By this area does implement this agreement and take their tanks of | :09:45. | :09:48. | |
the streets and stop the violence from their side, release political | :09:48. | :09:54. | |
prisoners and start dialogue, or if they don't they will be at a | :09:54. | :09:57. | |
completely different diplomatic situation. I think that would | :09:57. | :10:00. | |
really test the patience of the Arab League. If the Arab League | :10:01. | :10:06. | |
takes tough action in Syria, that will take -- put pressure on the | :10:06. | :10:11. | |
rest of the world, bringing Russia and China backed the Security | :10:11. | :10:16. | |
Council saying are you going to veto again? So I think that | :10:16. | :10:23. | |
diplomatically, even if nothing changes on the ground, the position | :10:23. | :10:28. | |
has already changed the game. Jon Leyne, thank you very much. | :10:28. | :10:32. | |
The French Prime Minister says it was an justifiable. An arson attack | :10:32. | :10:37. | |
has destroyed the offices of the satirical magazine. But some say | :10:37. | :10:40. | |
Charlie Hebdo was asking for trouble. By announcing that its | :10:40. | :10:44. | |
latest issue was to be edited by the Prophet Mohammed, and placing a | :10:44. | :10:48. | |
caricature of him on the cover. The magazine's editor has blamed the | :10:48. | :10:53. | |
attack on "idiot extremists", and said that his son should not be | :10:53. | :10:56. | |
excluded from the freedom of the press. -- Islam should not be | :10:56. | :10:58. | |
excluded from the freedom of the press. | :10:58. | :11:04. | |
The attack comes on the same day that the satirical weekly published | :11:04. | :11:08. | |
a cartoon of the Prophet Mohammed on its front page. Police are | :11:08. | :11:12. | |
investigating what started the blaze. The fire broke out in the | :11:12. | :11:17. | |
middle of the night and caused extensive damage to Charlie Hebdo's | :11:17. | :11:21. | |
premises. Police suspect a petrol bomb was hurled on to the building. | :11:21. | :11:25. | |
Staff say that most of their equipment has been destroyed, and | :11:25. | :11:29. | |
they do not know if they will be able to publish next week's edition | :11:29. | :11:33. | |
of the newspaper. But this week's edition, the one which has caused | :11:33. | :11:37. | |
so much offence to Muslims, is already on the news stands. | :11:37. | :11:42. | |
The editor says he has no doubt that the attack was carried out by | :11:42. | :11:46. | |
Muslim extremists. He rejects accusations that by announcing that | :11:46. | :11:50. | |
the Prophet Mohammed was this week's guest editor, he was | :11:50. | :11:55. | |
deliberately seeking provocation. TRANSLATION: We are ready to face | :11:55. | :12:02. | |
justice when we go too far, which we do quite often. I wouldn't have | :12:02. | :12:06. | |
minded going to trial against angry Islamists, but what we have written | :12:07. | :12:12. | |
in the magazine shows that there is no reason to sue Charlie Hebdo, and | :12:12. | :12:20. | |
we will not be sued. The paper was taken to court in | :12:20. | :12:24. | |
2007 when Muslim groups -- by Muslim groups after a pre-printed | :12:24. | :12:31. | |
Danish cartoons which cost a fence around the Islamic world. | :12:32. | :12:36. | |
-- course caused offence. I am joined now by Nabila Ramdani, | :12:36. | :12:40. | |
a Paris-born writer specialising in Islamic affairs. | :12:40. | :12:44. | |
Charlie Hebdo has a history of being very irreverent and trying to | :12:44. | :12:50. | |
be provocative. Had you read its motives here? It is my opinion | :12:50. | :12:54. | |
provocative journalism. Charlie Hebdo is the very magazine which | :12:54. | :12:58. | |
published, the published in 2005 the Danish controversial cartoons | :12:58. | :13:05. | |
which were viewed as deeply offensive to not only Muslims in | :13:05. | :13:08. | |
Europe but indeed around the world. A survey could have predicted | :13:08. | :13:14. | |
trouble? Yes, and if you put the content of the magazine in the | :13:14. | :13:18. | |
context of Islam in France, this was clearly designed to cause | :13:18. | :13:22. | |
maximum offence. You are talking about a country which has 6 million | :13:22. | :13:27. | |
Muslims, the largest Muslim community in Europe, where Muslims | :13:27. | :13:30. | |
experience discrimination on a daily basis in every walk of life | :13:30. | :13:36. | |
including housing, education, and indeed religious expression. The | :13:36. | :13:40. | |
magazine is very much in the knowledge that reproducing the | :13:40. | :13:44. | |
image of the profit is against Islamic law. They say they are | :13:44. | :13:48. | |
trying to draw attention to what is happening with the Arab Spring, the | :13:48. | :13:53. | |
possible implementation of Sharia law in countries like Libya or | :13:53. | :13:57. | |
Tunisia. So it says it was trying to draw attention to matters that | :13:57. | :14:02. | |
need to be debated. But it is a very serious message that the | :14:02. | :14:07. | |
magazine is trying to send, which means that his lamp is indeed | :14:07. | :14:11. | |
incompatible with democracy. -- Islam is indeed incompatible with | :14:11. | :14:16. | |
democracy. That Islam can be questioned, is what it is trying to | :14:16. | :14:20. | |
say as well. The central issue is freedom of space and what we should | :14:20. | :14:24. | |
be allowed to say in the name of freedom of speech. The Interior | :14:25. | :14:31. | |
Minister made it clear that all the French -- it is a sacred freedom in | :14:31. | :14:35. | |
France to be able to express what you want. It has to be pointed out | :14:35. | :14:39. | |
that this very same material -- Minister is the same person who | :14:39. | :14:44. | |
described Ms -- Islam as a problem in France. France has very strong | :14:44. | :14:52. | |
laws against... It allows laws Holocaust denial and anti-Semitic | :14:52. | :14:59. | |
behaviour. Why do these laws not get extended against -- to protect | :14:59. | :15:03. | |
Islam from the same type of behaviour and criticism? We are not | :15:03. | :15:11. | |
talking about light hearted jocks... -- light-hearted jokes. One should | :15:11. | :15:18. | |
not condone in any circumstance law-breaking, especially by some in | :15:18. | :15:25. | |
heavily populated areas where it lives could have been put at risk. | :15:25. | :15:34. | |
But it still has to be pointed out that when minorities are protected, | :15:34. | :15:40. | |
why are these principles not extended to essentially a | :15:40. | :15:50. | |
:15:50. | :15:52. | ||
magazine's it attempting to rubbish Now a look at some of the day's | :15:52. | :15:54. | |
other news: In the last hour a court in the | :15:54. | :15:57. | |
United States has found the former Russian arms dealer Viktor Bout | :15:57. | :16:00. | |
guilty on conspiracy charges. He was accused of attempting to sell | :16:00. | :16:02. | |
hundreds of surface-to-air missiles, thousands of assault rifles, land | :16:02. | :16:05. | |
mines and other explosives for use by Colombia's FARC rebels to | :16:05. | :16:09. | |
undercover agents. Bout was brought to the US last year following his | :16:09. | :16:16. | |
capture in Thailand in 2008 in a sting operation by American agents. | :16:16. | :16:19. | |
Russian investigators have found that a plane crash in September | :16:19. | :16:22. | |
which killed members of a top ice hockey team was caused by pilot | :16:22. | :16:25. | |
error. They said the pilots of the Yak-42 had only learned to fly a | :16:26. | :16:28. | |
jet with different control, and so accidentally activated the brakes | :16:28. | :16:31. | |
during take off. The Lokomotiv Yaroslavl team lost its staff and | :16:31. | :16:40. | |
all but one of their players in the crash. | :16:40. | :16:42. | |
The lawyers of the Wikileaks website founder Julian Assange say | :16:42. | :16:45. | |
they will appeal against the latest court decision to extradite him | :16:45. | :16:48. | |
from Britain to Sweden to answer allegations of sexual assault. 40- | :16:48. | :16:50. | |
year-old Julian Assange, who is an Australian national, was at the | :16:51. | :16:54. | |
High Court to hear two judges reject his claims that it would be | :16:54. | :16:57. | |
unfair and unlawful to extradite him to Sweden. Mr Assange could be | :16:57. | :17:04. | |
removed from Britain within ten days. He made this short statement | :17:04. | :17:12. | |
as he left the High Court. It's emerged today that the agent | :17:12. | :17:15. | |
for the three Pakistan cricketers convicted in the betting scam case | :17:15. | :17:17. | |
had already pleaded guilty before the trial started. Mazhar Majeed | :17:17. | :17:20. | |
admitted his part in the conspiracy to cheat and accept corrupt | :17:20. | :17:25. | |
payments during a pre-trial hearing in September. Reporting | :17:25. | :17:28. | |
restrictions were only lifted today, following the conviction of former | :17:28. | :17:30. | |
Pakistan cricket captain Salman Butt and fellow player Mohammed | :17:30. | :17:40. | |
:17:40. | :17:41. | ||
Asif, who had denied the charges. All await sentencing. | :17:41. | :17:44. | |
It swept the Oscars 60 years ago - a dazzling technicolor musical | :17:44. | :17:48. | |
starring Gene Kelly and Leslie Caron. Such is its enduring appeal | :17:48. | :17:51. | |
that An American In Paris has now been re-released in a new digital | :17:51. | :17:55. | |
restoration. The film is about a struggling artist called Jerry | :17:55. | :17:59. | |
trying to make it big in the French capital. Along the way he falls in | :17:59. | :18:02. | |
love with the charming Lise. Kathy Harcombe went to meet the actress | :18:02. | :18:12. | |
:18:12. | :18:29. | ||
She is an exciting goal. She is like a sunbeam. Secretly, I | :18:29. | :18:34. | |
discovered that this was something I wanted to do because up until | :18:34. | :18:44. | |
:18:44. | :18:47. | ||
then, my ambition had to be a romantic ballet dancer. Suddenly | :18:48. | :18:55. | |
expressing myself with the words, I could see this was something I was | :18:55. | :19:02. | |
going to love her very, very much. One or seen it was particularly | :19:02. | :19:07. | |
difficult, when I had to shout at Gene Kelly, whose rushing up the | :19:07. | :19:15. | |
steps. If it means anything to you, I love you! It is pretty difficult | :19:15. | :19:21. | |
to say in life anyway, but I was extremely shy. A what was it like | :19:21. | :19:28. | |
dancing with Gene Kelly? The it was the best. He was a fantastic dancer | :19:28. | :19:38. | |
and a good friend. But he was for the vigorous, but you know, this is | :19:38. | :19:48. | |
:19:48. | :19:52. | ||
ballet. Ballet is very rigorous. The number that was most | :19:52. | :19:57. | |
particularly difficult was the restrained number we do on this | :19:57. | :20:01. | |
side of the river when the first danced together. It does not look | :20:01. | :20:06. | |
like much, but it was sort of slow motion and that is particularly | :20:06. | :20:12. | |
difficult to do. I don't know, my heart is split. I love Paris, my | :20:12. | :20:17. | |
children live in England, I love England. I take every opportunity | :20:17. | :20:24. | |
to come to England, and I love New York mostly. I am very fond of the | :20:24. | :20:34. | |
:20:34. | :20:50. | ||
York, and all of America. My mother Let us return to Our top storey. | :20:50. | :20:58. | |
Were leaders gathering for the G20 summit in Cannes. | :20:58. | :21:01. | |
The head of the Anglican Church Rowan Williams has said there needs | :21:01. | :21:04. | |
to be credible change in the financial world. The Archbishop of | :21:04. | :21:06. | |
Canterbury was making his first public statement about the protests | :21:06. | :21:09. | |
taking place outside St Paul's Cathedral in London. He told the | :21:09. | :21:12. | |
BBC the occupiers are saying something that needs to be said and | :21:12. | :21:14. | |
he has said governments should consider advancing the moral agenda | :21:14. | :21:23. | |
with a tax on financial transactions. It has triggered | :21:23. | :21:27. | |
awareness of the unfinished Business in the financial sector. | :21:28. | :21:32. | |
The unfinished business between government and banks. The need to | :21:32. | :21:38. | |
press for something that would deliver a just system. | :21:38. | :21:43. | |
seriously do you think those complaints should be taken? There's | :21:43. | :21:49. | |
articulated by the protesters and taken for what? One of the | :21:49. | :21:57. | |
difficulties is that we have not seen a unified theme. We need to | :21:57. | :22:01. | |
focus. We need to hone in on specific questions that might be | :22:01. | :22:07. | |
asked, particularly with the G20 summit. | :22:07. | :22:10. | |
The protests have divided public opinion as well as the church. The | :22:10. | :22:14. | |
protesters themselves say they represent the silent majority. Here | :22:14. | :22:17. | |
to discuss this is Oliver Kamm from the Times newspaper and Hugo Dixon | :22:17. | :22:27. | |
from Reuters Breaking Views. Just then to begin with this idea that | :22:27. | :22:32. | |
there when Williams has come around to that we should all be paying | :22:32. | :22:36. | |
attention to this morality agenda, to this deep sense of disquiet, at | :22:36. | :22:46. | |
:22:46. | :22:47. | ||
least, about inequality. I think that, yes there is a need. There is | :22:47. | :22:53. | |
a need to reconnect Business and Finance a with morality and | :22:53. | :22:57. | |
certainly there is a big need to do that. As far as the growing | :22:57. | :23:02. | |
inequality in society is concerned, that is one of the things that is | :23:02. | :23:06. | |
important to debate, but from my perspective, it is important to | :23:06. | :23:11. | |
distinguish between inequality which comes through hard work and | :23:11. | :23:15. | |
inequality which comes through a corruption, or distorting the | :23:15. | :23:20. | |
system, or or unfairness of one sort or another. That is what role | :23:20. | :23:24. | |
when Williams was tried to call attention to. He talked of soaring | :23:24. | :23:29. | |
bonuses in the City and little changed banking practices following | :23:29. | :23:38. | |
the recession. The trees is that bonuses in the City are too high. - | :23:38. | :23:45. | |
- the truth is. What get people really angry is not only the way | :23:45. | :23:50. | |
the City and banking behaved in the run-up to the crisis, but the way | :23:50. | :23:54. | |
they have behaved since we had been in this crisis which started four | :23:54. | :24:00. | |
years ago it in 2007. They have still paid themselves bonuses, they | :24:00. | :24:04. | |
have not been apologetic and they have not been grateful for the fact | :24:04. | :24:11. | |
that everybody else has been bailing them out. Should financiers | :24:11. | :24:14. | |
have been of great for and should they be doing more to limit the | :24:14. | :24:18. | |
profits and bonuses they take when you look at what all of us are | :24:18. | :24:28. | |
facing economically? A I agree with that. There is a dysfunctional | :24:28. | :24:38. | |
:24:38. | :24:43. | ||
finance will -- financial system. It's hard to use morality in turns | :24:43. | :24:47. | |
of the financial situation. It was not about individual breed and it | :24:47. | :24:54. | |
will not be resolved by a moral appeal to bankers's consciences. | :24:54. | :24:58. | |
it relevant to bring it forward now? The it is not immediately | :24:58. | :25:05. | |
relevant because the problems facing be advanced industrial | :25:05. | :25:13. | |
societies because banks are not lending enough to stimulate growth. | :25:13. | :25:18. | |
Is that not a problem? With the credit crunch and trying to | :25:18. | :25:25. | |
encourage banks to learn more, the last thing you want to do is lay | :25:25. | :25:30. | |
more blame at their door? We have a second layer of the credit crunch | :25:30. | :25:37. | |
that is starting. Solving this is a difficult technical matter and I | :25:37. | :25:40. | |
don't think the Archbishop had anything interesting to add to. I | :25:40. | :25:45. | |
don't believe this Robin Hood tax is the solution. There are some | :25:45. | :25:52. | |
solutions which would make things better, but I think if you move | :25:52. | :25:56. | |
away from the technical aspects and look at the broader thrust of what | :25:56. | :26:00. | |
people are worried about, it is relevant for the G20 leaders to | :26:00. | :26:07. | |
think about that and to address those concerns. My fear is you may | :26:07. | :26:17. | |
:26:17. | :26:19. | ||
throw the baby away with the bathwater. A final thought - is the | :26:19. | :26:26. | |
tax to a ball or naive? It was presented by one of the greatest | :26:26. | :26:30. | |
economists of all time James Tobin. It will not work. It is easy to get | :26:30. | :26:38. | |
round. It will only work if it is initiated globally and that will | :26:38. | :26:47. | |
not happen. Thank you. That is all from the programme. Next we will | :26:47. | :26:57. | |
:26:57. | :27:01. | ||
have the weather. That's it for now. It has been a windy day to day and | :27:01. | :27:05. | |
we will stick with that been overnight. Outbreaks of rain at | :27:05. | :27:11. | |
leading to a cloudy and mild start tomorrow, thanks to our were | :27:11. | :27:17. | |
suddenly wind direction. This war moving our overnight. It was built | :27:17. | :27:23. | |
across all of the UK. It will be a cloudy, wet and windy start. | :27:23. | :27:30. | |
Heaviest rain in the West, brightest conditions in the east. | :27:30. | :27:36. | |
Some sunshine developing tomorrow afternoon for northern areas, but | :27:36. | :27:40. | |
part of Lincolnshire and East Anglia Water and damp. It will be | :27:40. | :27:45. | |
breezy, particularly through south- western parts of England. For | :27:45. | :27:49. | |
Cornwall and Devon, a brightening up throughout the afternoon. It | :27:49. | :27:57. | |
will be a wet start for Wales. Some brightness returning and the far | :27:57. | :28:02. | |
north. For Northern Ireland, hit and miss. Scattered showers blowing | :28:02. | :28:08. | |
in and breezy conditions throughout the afternoon. Scotland will be | :28:08. | :28:13. |