tv BBC World News America PBS May 11, 2012 2:30pm-3:00pm PDT
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>> and now "bbc world news america." >> this is "bbc world news america." greece is plunged deeper into uncertainty as further attempts to form a coalition government fails. the bad news keeps coming for the euro zone. the recession could last for the rest of the year. in spain, banks are told to put their finances in order. shakespeare restored, and american brands to the stage what he says is a lost play by the great bard. welcome to our viewers on pbs in
america and around the globe. tonight, greece's problems have taken a turn for the worse. a third attempt to form a coalition government has failed. it is now up to the country's president to find a formula. throughout the talks that took place this week, it became clear the main parties are deeply divided. for more on this, i was joined by our athens correspondent. what went wrong? >> the bone of contention is greece's international agreement with the eu and imf and all the austerity that entails. it was largely rejected by sunday's elections. the two big parties supported broadly and a return to form a coalition government. the conservatives failed, the second party failed, too.
the nfl to the socialist to try to form a coalition -- then it fell to the socialist to try to form a coalition government. the president will then tried to bring all the political party leaders to his residence and request a formation of an emergency government of national salvation. it will be followed by fresh elections. this country has taken a massive leak into the political unknown. -- leap into the political unknown. >> what effect is this going to have on efforts to keep the country in the euro zone? >> to stay in the euro, greece has been told that it needs to
stick to the path of cost- cutting and austerity. if greece turned its back on the austerity measures, it cannot stake in the euro. it will not continue to receive the international loan. it will be forced to default on its debts. that would be followed by an exit to the bureau. how can greece renegotiate terms of the bailout? and stay in the euro? the majority of greece wants to keep the euro. if there are fresh elections, the party that came second in last sunday's poll, which wants to tear up the loan agreement with brussels, the polls are showing they would probably come first. they would form a government that wants to reject the bailout and the austerity. that could really place this
country's euro membership under threat. >> thank you very much. tougher rules of already been announced for spanish banks. they've been told to keep more money on their balance sheets to allay fears that some may collapse. the news came as there was a warning from brussels that the euro zone would likely to remain in recession this year. our europe at a to has this report. >> banking powers, madrid, and one of the euro zone big fears. that huge losses are hidden here and today, the spanish government stepped then. >> what we have to do is to set up a safety net, said the finance minister. all across spain are a big housing development line empty. casualty's of the property boom that went bust. the trouble is that spain's bank lent developers millions.
there may be 180 billion euros of potential property losses in the banking system. all of this is fueling fears that spain might need a bailout. >> spain is in a vicious circle. we have record high unemployment, real-estate prices still dropping, he recession. in this race -- in this vicious circle, it means everything has to be stabilized. >> the spanish banks are to be independently audited and they will have to set aside an extra 30 billion euros to cover losses. this is the fourth attempt to clean up spain's banks and the spanish economy is expected to shrink by 1.8% this year. the european union and fears the country will still be in recession next year. >> it is estimated to currently be in a mild, but short-lived, a recession. >> greece is also causing a few
concerns. talks failed to build a coalition. from italy, a reminder of the human cost of the crisis. effigies were hung from a bridge in rome. >> to discuss all the economic news today and let the cumulative effect is likely to be, i am joined by our u.s. economics editor. thank you for coming and. let's start with greece. -- coming in. let's start with a greece. all signs point to the fact that it will eventually have to lead the -- leave this euro zone. >> it is going to be hugely dramatic. europe has worked hard to make it very clear that it wants to be -- wants to continue with the euro. the greek people want to continue with the euro. we will hear a lot of political
posturing over the next months. eventually, they have to come to a compromise. >> it is not just agrees. the whole of europe is in trouble. -- is not just agrees. whole of europe is in trouble. how much can the euro zone take before it just falls apart? >> i really believe there is a commandment the table continue. will the periphery countries -- the euro zone could survive if greece fell off. spain is unlikely to go. why? it is one of the largest economies in the world. we have not prepared for that. the financial mechanisms are not ready to let that happen. i think they will be -- there will be much more work done to keep spain on track. >> even though spain's banks are
in serious trouble again. the way that the various plugs are being stopped each time and peers. >> this is the fourth attempt. they have looked at putting in government money. the markets are looking for 50 billion. it is unlikely to be enough. the passion we have seen with all of europe, it is a little too late each time it happens. we've kept on moving forward. there are significant changes that have happened over the last year. by forming a big bailout fund in europe, $500 billion, they do have the resources now. that is sending a message to the world that there is an understanding that it would be risky if we allow the monetary project to fail. >> could all this puts the u.s. back into recession? >> it could.
political uncertainty is already dampening the growth in the united states. it could worsen. the big risks for president obama, and that is why he has been working so hard to make sure they keep moving forward. >> thank you very much for your insight. turning now to a scandal that has rocked the british political establishment, the former editor of to news and a national tabloid has been telling an ethics inquiry about her close relationship with top politicians in london. rebekah brooks said she used to exchange text messages with david cameron. >> running the gauntlet of the media, the woman who was once a significant number of that. ,nce rupert murdoch's protegee
here today to face questions about the world of the press and politicians. >> thank you. >> she resigned from news international shortly after she was arrested by police investigating phone hacking. she told the inquiry that her departure had prompted commiseration from within the government. >> i received indirect messages from number 10, number 11, home office, for an office. >> did mr. blair send you one? >> yes. >> it has been reported, in relation to mr. cameron, you received a message of support along the lines "keep your head up." >> along those lines. >> you also received a message
along these lines -- "sorry i could not have been as loyal to you as i could have spent -- been." >> very indirectly. >> it has been claimed that david cameron and mrs. brooks texted each other up to a dozen times a day. untrue, she said. >> it is preposterous. " that will now been a relief to downing street, but not this. >> everyone wants to know how his texts were signed off. >> occasionally, "lol" -- lots of love. until i told him that it meant "laugh out loud."
>> the culture secretary and his office had asked news international to help guide the government's position on the phone hacking allegations. counsel read from an e-mail that brooks received from the an executive. >> starting to look into a phone hacking practice is more thoroughly. to advise him privately in the coming weeks. i fear the number tens positioning. do you know what that was about? >> i think it speaks for itself. >> this evening, mr. hunt's office said it is completely inaccurate to suggest that he had asked news international for private guidance on the phone hacking. one other minister mentioned george osborn.
>> i did have a conversation with mr. osborn in 2010. >> do you think it is inappropriate? >> i think it was an entirely appropriate conversation. i was reflecting the opposite view to the view that he has heard from pretty much every member. >> evidence lasted five hours and confirmed the coziness that had existed in the past between news international and the government. >> in other news, members of the opposition syrian national council appear divided over whether al qaeda may have been responsible for thursday's large bomb attack in damascus. at least 55 people were killed in the car bombings. the heads of the council suggested al qaeda could have been involved.
the present regime says the blasts were the work of terrorists linked to the uprising. official results have been announced in nigeria's elections. the islamist -- islamist coalition taking third place. lower-than-expected. the chinese legal activist chen guangcheng said he has made no progress in his efforts to leave the country. he has not been able to apply for a passport. he has been at a beijing hospital since leading the american embassy, where he saw refuge after escaping house arrest. raw emotions were amazed today in oslo. the trial of anders behring breivik, the man accused of killing 77 people last july. the victims' relatives stood up and do a shoot at the man. he missed and the television cameras also missed the incident. our correspondent has this story from oslo.
>> it has been a very dramatic day in the courtroom and tension has been building all week as the court has heard gut wrenching evidence about the victims, about what they were like as people, their hopes and dreams, and how they died. about the trial, the testimony got to be too much for one relative. >> i heard from might men -- my men screaming and shouting from the main courtroom. something was throwing at the defendant. afterwards, at it was a shoe. we have plenty of people within the court room and they quickly lead them out to neighboring them. >> of the man was the brother of an iraqi asylum seeker. he came to this country at the age of 16 to escape the violence
in iraq. the brother traveled especially to attend the court proceedings. he was killed by what one survivor said anders behring breivik. he wasted no ammunition as he killed his victims, no fumble in the round. he was apparently extremely calm. he ducked down in the bottom of the boat to escape the bullets. >> i always tried to keep thinking, i will survive this. i could not my seat -- i cannot see myself dying that day. >> the survivors have all been incredibly composed as they have given their testimony. it has been heralding with the courts have heard. next it may be even harder because we will hear from injured survivors.
>> you are watching "bbc world news america." the afghan army prepares to take over full-time security duties. why did the ministry of defence pull the plug on the homemade boat? -- boot? efforts to slow down climate change are mostly focused on reducing emissions of greenhouse gases. a high-tech facility in norway could unlock the key to capturing the carbon dioxide in the atmosphere. >> it has taken six years and a billion dollars, the world's biggest test center for carbon capture and store it is finally opened. norway produces about 3% of the world fossil fuels. politicians, including the prime minister, think they bear responsibility for developing the technology. >> if you are going to be able to solve one of the main
challenges we are facing, the need for increasing the energy production in the world, and at the same time, being able to produce emissions. >> the site is right next door to a gas-fired power station and an oil refinery. exhaust gas from both of them close in to the facility. it is piped to the various pieces of equipment being tested. the biggest is an absorption tower, and gas flows operas, white it -- while a liquid chemical -- upwards, all the liquid chemical closed down. the results, coal and gas-fired stations without the greenhouse emissions. >> we have all the infrastructure there to support the fossil fuel usage. if we can capture the co2
emissions. >> the technology is already being used around the world. what the engineers hope to do is to test systems, one against the other, to bring the price down to a level where it can be used systematically in power stations around the world. >> international forces prepare to pull out of afghanistan, they're uncertain times ahead for the country. not just in terms of security, but also for the industries that have grown around the military. the afghan army is gradually taking over the procurements process. some local suppliers have seen their contracts scrapped. in a move that is putting many jobs at risk. >> afghan boots on the ground. searching for taliban roadside bombs. nato pulls back, the afghan army is taking over the lead.
it is a huge challenge. western forces have also handed over the business of equipping the thousands of new recruits. at this factory, which was making the boots, there is confusion. the afghan ministry has canceled the contract the americans gave them. >> we are showing them that afghanistan can make quality products. >> what do think this says? the contract has been taken away? what does this say about the future of afghanistan? >> you can see what is happening. 150 workers, only 38 are left. >> this is how the factory looked just months ago when they were making hundreds of pairs a day. this is how it looks today, a
ghost factory. this is a sign of the afghan government standing on its own feet. saving money before international funding starts drying up. has few large factories like this. -- afghanistan has few large factories like this. some workers may join the taliban. >> without a job, may be going there. maybe going with the taliban. >> the afghan defense ministry, and they say they want to keep buying boots at tom, denying reports they're planning to report cheaper bids from china. -- import cheaper boots from china.
the factory is keeping things going for now, but as nato pulls its boots out of afghanistan, there are uncertain times ahead. >> he is perhaps the most famous playwright of all time. william shakespeare's plays are still being performed are around the globe. one of his works remained unknown to the modern world. until now. in a shakespeare scholar has attempted to recreate the so- called lost play. it has just had its premiere at university in indiana. we went to find out more. >> it has a range marriages -- arranged marriages, late night seductions, and grand
monologues. is it shakespeare? it is called "the history of credinio." it is considered a lost shakespearean play. >> we have no manuscript. >> the only remaining clue is the 1728 adaptation by a noted shakespeare imitator. he calls his play "double falsehood." >> the text we have has been seriously messed with. >> terry taylor has spent years trying to uncover shakespeare's original voice. >> the first thing you have to do is to identify what comes from the 18th century. you have to get rid of those. you still have to fill in some blanks. to do that, i have to write
material that either sounds like shakespeare or sounds like fletcher. >> after decades of research and public reading, this marks the first full-scale production. in the audience, shakespeare scholars from around the world ready to cast a critical eye on the most comprehensive remastering of the bard's lost and found play. >> there is so much richness in the script, so much resonance. it does work like a shakespeare play dallas. it is like seeing a shakespeare play for the first time. would never happens, of course. >> -- which it never happens, of course. >> like any good shakespearean drama, skeptics remain.
the 400th anniversary of the bard's death. >> it just goes to show you can never have enough shakespeare. the leader of grace's socialist party -- greece's socialist party, evangelos venizelos, has abandoned attempts to form a coalition government. the country is divided over costs and a bailout from the eu and imf. it is up to the president to find a formula that will avoid calling fresh elections. you can find constant updates on our website. visit our facebook page.
thank you for watching. >> make sense of international news at bbc.com/news. >> funding was made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers use their expertise in global finance to guide you through the business strategies and opportunities of international commerce. we put our extended, global network to work for a wide range of companies, from small businesses to major corporations. what can we do for you?