tv BBC World News America PBS October 27, 2011 5:30pm-6:00pm EDT
small businesses to major corporations. what can we do for you? >> and now, "bbc world news america." >> this is "bbc world news america." we have a deal. europe's leaders say they are closer to saving the eurozone. is it enough? fleeing bangkok after thailand's worst floods in decades, residents seek higher ground. the former pakistani president gives us his friend assessment of where things stand with the u.s.. >> there is a breakdown in confidence between pakistan and the u.s.. >> get ready broadway, there is
a new twist on the language barrier leaving audiences laughing. welcome to our viewers on pbs in america and also around the globe. after a marathon session which stretched into the morning, the leaders of the eurozone said they struck a deal which will help solve the debt crisis. banks are being asked to write off half of what they were owed. global markets cheered what they heard, was this enough to save the euro? clucks europe woke to the news that against expectations, the leaders had agreed on a plan to fix the eurozone crisis.
it might not where did the big bazooka some are calling for but politicians claimed that during the night the euro had been saved. >> i think it is much better than before. >> you will have to wait a couple of days to be sure. >> stock markets enjoyed a bounce. the euro crisis had been seen as increasing the risk of global recession. leaders had been under the pressure to reach an agreement. with 4:00 in the morning and people slumped at their desks, at the most powerful leader stepped into the spotlight. >> i am very aware that the world is watching us closely. i think that we europeans proved that we came to the right conclusion. >> i think the results will be welcomed by the entire world which was expecting a strong decision by the eurozone. i think these decisions have
been taken. >> others were cautious. they saw the outcome as just a first step. >> we are in a better position today than we were yesterday and it is important to keep up the momentum to keep people's confidence. yes, this is something that the british government has worked hard to encourage. >> what was in the deal? banks that have invested in greece will take losses of up to 50%. this will mean that europe's banks will need to raise more capital of about 108 billion euros. the main bailout fund will be boosted to about one trillion euros to protect countries like italy. it is why is to be cautious, however. a lot of crucial detail is missing and will not be known for weeks. what the markets like is that it signals that europe's leaders
are trying to take control of a debt crisis that began in greece. in greece today, the government said that the country's debts were manageable but there was caution. international banks have to volunteer to except losses. the details on the bailout fund will not even be negotiated until november. >> they have stopped the euro from collapsing today or even tomorrow but they have not saved the euro. we're still in trouble. we are not out of the woods. >> last night's most tricky decisions were taking -- were taken here by the leaders. this raises questions of whether there will be a two-tier europe, insiders and outsiders. >> reaction to this deal, the greek prime minister says it allows the country to close its
accounts with the past. not so fast, says the president of france. he said that this was a mistake to allow greece into the eurozone at all. earlier, i sat down with the greek foreign minister. thank you for joining us. nicolas sarkozy has now said after the deal was struck that it was a mistake to allow greece into the euro. >> this is not the for statement. in the past few years a number of european countries have raised similar issues. greece got in the eu with the same procedures as everyone else. we decided yesterday that we wanted to stop pointing fingers at each other. >> many europeans agree. >> if we often hear it leaders
-- we often hear leaders expressing their frustration at st. such things. we have a monetary union. this did not allow for the necessary supervision of what each did fiscally. for by changing this, we have taken away any potential discussions like this and this is one of the big successes of what happened. >> how can greece have the growth necessary to pay off the debt? >> the payoff goes hand in hand if you are going to have long- term sustainability. this can only be if the structural changes bring results. with the decision yesterday, it gave breathing room. >> it seems to me that you need to change the greek people. you have changed your government
and you are committed to austerity but for the greek people, this is a totally different matter. you are talking about changing the culture of the country. >> that is not exactly a fair way of describing the greek people. if you were to look at the sacrifices that they made, the tremendous pain they have suffered, are the main reason why we have this result. we can recognize that greece is not taking its responsibilities lightly. >> you have people out on the streets saying that the country is going to explode. that is not selling people who said that we realize that we cannot do this. >> they have substantial pension decreases. this is not a step that anyone
can taken to expect people to be celebrating. >> angela merkel says that this brought europe to the brink of the worst crisis since the end of the war. >> i don't feel like i'm doing a pr job. what i'm doing is discussing the extreme importance we have to stick together. solidaritywer is the and the euro. greece might be at the center of the storm but this is not a greek problem. italy, spain are under attack by the markets. skate just scapegoating greece is not a solution. europe should be a union that
together is more powerful than almost everyone. a union that divided could be weak. the eu proved that they have the political will to move to protect greece, the euro, and itself and the world. >> thank you so much for coming in. >> the hurdles are enormous. in other news from around the world, a prisoner exchange between egypt and israel has concluded. the american israeli ilan grapel has been reunited with his mother. he was arrested in june and accused of spying by the egyptian authorities. egyptian detainees were sent home. there is a no-fly zone over libya. this will come into effect just before midnight on monday. the mandate was passed
unanimously despite a request by the transitional government. a 25 year-old man has been pulled alive from a collapsed building more than 100 hours after the region was hit by a strong earthquake. the chances of finding more survivors are decreasing. the number of people confirmed dead has risen. severe flooding has hit several parts of italy killing at least five people. the worst hit are regions near tuscany. roads were blocked by trees and vehicles were overturned. off in thailand, tens of thousands of people are fleeing the capital because of the severe flooding. 9 million people live in bangkok but many have left their homes as the dow louche swamps the region. so far, more than 360 people have died.
>> street by street, the water is winning the battle for control of the northern suburbs. this goes further every day. in middle-class neighborhood is rapidly being submerged. this woman has just watched her street disappear under the the lucia -- under the delusige. most take with them only what they can carry. there is no panic here but a definite sense of urgency tinge with this police -- tinge to it disbelief. this is the latest district has been told to evacuate. with every passing day, more
areas are put on alert. now they say there is no area of bangkok that they can guarantee will be safe. we are trying our best, the prime minister tells reporters. just two months into the job, she finds herself struggling to manage a national crisis. in the center of the city, things are much as normal. new warnings from foreign governments including britain, avoid bangkok if you can. >> this is not alarmist, this is practical and realistic. if things improve, we will adjust accordingly. if things get worse, we will take that into account. >> the signs are not encouraging. market traders in the old quarter of bangkok kept going as long as they could but few customers are prepared to wade to their stalls.
those who can are getting out of town. confidence has gone away. complacency has been drowned in the face of the flood. >> amazing scenes there from the market in bangkok, still trying to keep going. pakistan should do more to punish militants involved in the 2008 mumbai tax according to hillary clinton. she said that it should be a condition of ties between pakistan and america. she says the relationship is almost -- often difficult. >> i will be the first to confess that working with our afghan and pakistani partners is not always easy but this is a advancing our national security interests. walking away from them undermine those interests.
>> what is the view on all of this? the former president of pakistan, pervez musharraf, has been speaking to us that he said that the relationship has never been at a worse point. >> this is unfortunate that there is a total breakdown of confidence between the u.s. and pakistan. it is surprising because this is between the two intelligence agencies. >> something seems to have happened. the language that is being used, mike mullen talking about a network that is an arm of the isi. hillary clinton demanding that the government dismantle taliban safe havens. >> that is not a very responsible statement.
implies that he is talking about the command and army level and that they are complicity with the taliban. that is a very big accusation. >> you cooperated and worked with the u.s.. and number of al qaeda figures were captured during your tenure. this was the same time that the network amerced and started conducting attacks using pakistani soil. why were you able to stop this? >> the network was quite unknown in my time. >> january, 2000 none, they were responsible for an attack on a hotel, on the indian embassy. >> we held elections and that was the end of my tenure. many times after 2001 when night
and the active forces, we had operations several times. >> they were not very successful, were they? >> they were successful. >> you said in a speech that you are 500% sure that you did not know the whereabouts of osama bin laden. a new bbc documentary as the former head of intelligence provided evidence to you about osama bin laden's place of hiding, that he was hiding 20 kilometers away from where he was found. but but what that man is a product of the kgb.
-- >> that man is a product of the kgb. he is an enemy of pakistan. but incident took place in 2006. it was the cia. they were photographed in vehicles. one of the vehicles had two people and they thought that this was osama bin laden. we caught the two people that were there and it was not osama bin laden and the cia knew that. >> that was the former pakistani president pervez musharraf talking to my colleague there. bracing for a 7 billion, as the planet it's ready to mark the milestone, we will look at how china is pared to cope. gunmen in northeastern kenya have killed four people and then attack near the border of
somalia. this is the fourth attack linked to a militant group. >> there is a sense of dread on the streets of nairobi, a city braced for trouble. already this week, two grenade attacks. the authorities are struggling to reassure the public and foreign tourists. >> we have enough men, we have enough capacity. >> here is why that they might be in danger. the army has to stormed across the border into somalia. they are chasing al-shabab, a group linked to al qaeda. no one is sure how far the government will go. this could make the simoleon famine even worse. as for al-shabab, they lost some
territory recently but they vowed to retaliate. they are still capable of devastating terrorist attacks. >> the danger is that you are being lured into a trap. >> if this was a trap, something bad happen to our forces. -- something bad would happen to our forces. >> they have been able to keep the anarchy in somalia more or less at arm's length but that has changed abruptly. by invading their neighbor, they have taken a very risky gamble. for now, the army is pushing deeper into the chaos with no exit strategy in sight. >> turning now to our series on
earth soon becoming home to 7 billion people. the milestone will be reached in less than a week and we look at how individual countries are prepared to cope with their population swell. we turn to china. they already have 1.3 billion people, but what is the one child policy mean for future growth? we're joined by a senior fellow at the council on foreign relations. we are at 1.3 billion now, where do you think china's population would be if they did not have the one child policy? >> it would be around 1.7 billion. >> we would already be at 7 billion? >> be on that. >> how tight the is the policy -- how tight is the policy being enforced? >> you have the opportunities if
you want a boy. it often is because they have elective abortions. most children action have a brother and a sister. in the cities, it is cracked down upon. the transient population, those who are of the back-and-forth might often have one child here and one child there and break the rules that way. >> when people look at china from the outside, they think it is an economic powerhouse because it is so big. of course, they will make more, consume more, sell more. is that the full picture? >> one of the keys to their economic explosion over the past 27 or so years is that they have been in this democratic sweet spot. they have most of the people and working people. they are getting old before they
get rich. they are the first country that gets old before it gets rich. japan is an aging society that is quite rich. we are aging but we are quite rich. china compared with the u.s. is actually aging faster than we are. in 18 years, they will have a higher percentage about 60 than the americans. >> to look at the population thinking about 7 billion, whether it is a challenge or an opportunity for the planet to reach this. you are suggesting that it is not the numbers that matter but the demographics. >> especially when it comes to china. right now they have the sweet spot but they are ag very rapidly. in a couple of years, they will have more than 100 million people over the age of 80 in a country that does not have a social security system. that is going to be a huge drain
on resources for them. >> thank you very much. there is no doubt that the chinese influence is being felt around the globe but that stretches to broadway. among the ft shows on brought -- among the shows, you can find "chinglish." >> musicals from "porgy and bess" to "mama mia" have been popular, but now there is "chinglish." for the first time ever, chinese has arrived on broadway.
>> i suppose it was at one time. >> it has a ripped from the headlines quality. it tells the story of a struggling american businessman struggling to make chines -- signs in china. along the way, he stumbles across chinese officials. >> this is about an attempt to communicate across cultures and the barriers that separate us. sometimes, even if you are understanding the words, you might be speaking a different language. >> chinglish itself actually exists in china and the form of broken english signs. the producers turned to the cultural advisers. >> they are finding american
businessmen, british businessmen really in the middle of nowhere in china and in india, how did they navigate? how did they find their hotel rooms? >> while this is played for laughs, this taps into a deeper cultural anxiety between the west and china. >> 1.3 billion, probably a play that we should see. tomorrow, our 7 billion series will continue with a story from africa. you can find constant updates on our website and you can reach me and most of the team on twitter. from all of us here at "bbc world news america," thank you
for watching. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. union bank. and shell. >> this is kim - about to feel one of his favorite sensations. at shell, we're developing more efficient fuels in countries like malaysia that can help us get the most from our energy resources. let's use energy more efficiently. let's go.