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>> and now, "bbc world news." hello, and welcome to "new sday." syria has agreed to end its the violent crackdown on anti- government protesters. >> the occupy wall street protests have spread. >> and bill gates, one of the world's richest men, supports a new tax on financial transactions. >> it is 11:00 in singapore. >> it is 3:00 a.m. in london. broadcasting on pbs in america and around the world, this is "news day."

greece will not get any more bailout money until they show that the greek people want to remain in the euro, a tough message from the french and german leaders, backed up by the imf. the package to rescue the greek economy involves negotiations. prime minister papandreou has thrown europe into crisis. that he knew they were furious over his decision to oppose a referendum on the greek bailout. but mr. papandreou may have not expected to have been told by nicolas sarkozy that if the greek people vote against the bailout, they will not get a penny from the eurozone. >> it is up to us to decide

whether there should be a referendum. all we are saying is we cannot commit european taxpayer money, german, french taxpayer money. we can only commit that money if the rules unanimously adopted in brussels at the summit on october 27 are respected to the letter. if that is not the case, they will not disperse a cent. >> angela merkel could hardly hide her anger, and she was adamant the best offer for greece was already on the table. the greek prime minister agreed it was a very big deal for his country, but said it also meant the greek people would have to make huge sacrifices for years to come, and that is why he proposed the referendum on the bailout. >> i felt it was important that the greek people make a decision on these important

developments and decisions that we made on october 26. it is their democratic right, and the greek people i believe armature and it wise to make the decision that is to the benefit of the greek people and the country. >> the greek prime minister is not the only european leader in trouble. pressure is also mounting on the italian prime minister. cabineterlusconi's decided to back some of his proposals to deal with italy's mounting debt. he will at least arrive in cannes with a plan. >> what the greek prime minister expresses confidence that his people will vote to remain in the eurozone, there have been warnings that a no vote in the referendum could lead to an economic crisis on a global scale. our editor explains. >> the eurozone's financial crisis started increased 19

months ago and is still in greece, but has also spread to ireland, portugal, spain, belgium, and italy with its huge government debt. why does it matter that the greek referendum could lead to greece unilaterally reneging on its debt or withdrawing from the euro? >> it is not easy to distinguish between them as the good guys. you cannot really get just one country out and say the rest have similar occasions. this is one of the crucial problems other countries have similar, not as massive a problem as greece, and as long as they have the threat, investors think about it. >> the bailout package does not have the money to cope with the stresses and losses that will be generated by countries and banks by greek default or exit from the euro, and it's italy that looks most vulnerable. >> italy's problem is the

government debt is huge, more than 120% of the value of what it produces, 1/5 higher than what economists say as healthy. creditors are worried and are charging record amounts to borrow. disaster for italy, which has to borrow 300 billion euros next year to stay afloat is that investors stopped lending to the country, which is vital to the european bailout fund to bail out the gap. it is one trillion euros of firepower enough? >> 1 trillion is probably not enough. we have seen it spread to italy and spain. even before the crisis spreading, we thought that to try again was necessary. one trillion is not enough to stabilize. >> the imf is threatening to turn off the financial life

support machine at for greece until the referendum result is known. with that pressure the people to stay in the eurozone circle, or will they break the circle with who knows what painful consequences for it and us? the asian markets continued to be under pressure in midmorning trade. the eurozone uncertainty, australia down by 25 points, south korea, singapore also in negative territory. the deepest loss is the hang seng index. japan is close to a public holiday. later, we will get an idea of how wall street factors in this news, getting a boost after the fed said it was prepared to do more for the economy if conditions warrant.

new data reveals that u.s. private employers added more jobs than expected last month. the euro is clinging to overnight gains, and regional currencies are a touch softer amid the uncertainty of the e.u. debt deal. that is the latest on the asian markets. now we cross over to london. but for a deal to end the conflict in syria? the arab league says that syria has agreed to its appeals for an end to the violent crackdown on protesters. the united nations estimates three dozen people died in seven months of anti-government protests -- the united nations estimates 3000 people have died in seven months of anti- government protests. that ask them to release political prisoners and allow foreign journalists into the country to monitor the situation. a member of the syrian national council has been giving reaction

as to what was announced at the arab league meeting. >> the regime is genuine in its agreement with the arab league. the only reason that what to and agreed to these terms on paper is because they fear that it will lose the peart -- they will lose the support of russia and china on the security council, and they know things are really serious in the arab league circles. we do not expect the violence will end, but to back the regime in its new position, we are calling for massive processes and a lot of the country and coming friday, and then at snipers will be on rooftops and tanks moved on to the streets or not. unfortunately, while talks were taking place, there will be many people, they launched a new and

fresh military assault against the suburbs, and also were shelling private homes. one of the leverage is that we will use with the arab league against russia and china is they will be warned that businesses with key arab nations will be put in jeopardy if they block the security council resolution, and that is why they agree to these terms. we will see if there will be out arab representatives of the street or not. that has yet to be seen. the u.n. security council has been told that some people may be trying to help saif al- islam escape from libya. they are investigating evidence about rebels and allegations

against the former rebels and nato forces. occupy protestors have all but shut down the port of oakland in california, one of the biggest container ports and all of the u.s. protestors and some union members blocked boats to disrupt operations. thousands of others have been taking part in rallies across the that states -- in the united states. we have the latest on the demonstrations in oakland. >> about 4000 of them gathering around the port. it began at 7:00 p.m. local time, about 20 minutes ago. the idea was to prevent the ship's from coming on. this is a day of general strike. it the intention was for people to go on strike in oakland. the unions did not take part in it, but people went to the

streets, it was a peaceful day perr. last week there were some clashes between the police and protesters. at one of them, an iraqi war veteran, was hit by what was believed to be a canister of tear gas that has suffered -- that caused a lot of head injuries. a large number of people have been on the streets today, shutting down the port as well. the police are nearby, keeping a low profile in the hopes that this can be a peaceful demonstration that will pass with the port being reopened as soon as possible. you are watching "newsday." still to come, chinese social revolution, leaders concerned about micro-blogging. >> and exasperation with the

financial establishment. the church of england speaks out about the protesters in london. a court in the united states has found that it russian arms dealer guilty of selling weapons to but he thought were colombian rebels. >> viktor bout, the shadow ouy russian arms dealer once called the dealer of death, faces life in prison for selling arms to what he believed were colombian militants. he showed little emotion at the unanimous guilty verdict. his lawyer had argued that bout was a legitimate businessman who only mentioned that he could acquire arms to sell cargo planes to his clients. but the jury did not believe him. viktor bout was arrested in thailand in 2008 after a sting operation. he agreed to sell arms to u.s.

informants posed as colombian rebels from farc. he was told that the weapons would be used to kill americans, assisting the colombian government to crack down on the forked narcotics trade. moscow saw his prosecution as an ferrets -- as interference by u.s. authorities. now that he has been convicted, he faces life in prison. >> he believes this is not the end, that he still has a chance and we will appeal to this judge that the verdict was rendered against the weight of the evidence, and then we could proceed to the united states court of appeals. we are disappointed at this verdict. >> bout has been named in past reports as an arms dealer be used his network of cargo planes acquired after the breakup of the soviet union to sell weapons to conflicts around the world. campaigners against the arms trade said it was a major

victory. this is "newsday." >> these are the headlines -- >> france and germany have warned that greece they will not get any more european money unless the greek referendum shows that their people want to stay in the era. and the arab league said syria has agreed to a proposal to bring an end to the political violence that has wracked the country the past seven months. more now on the eurozone crisis. joining me on the line from st. louis, missouri, is mr. price from rock creek global advisors. as a former economic adviser to former president george w. bush and organizer of the g-20 summit in 2008, welcome to the show.

will the greek debt crisis dominate the g-20 agenda? >> that is the question. the world breathed a sigh of relief after the brussels meeting last week, and g-20 leaders were looking forward to a discussion of implementation. now the announcement of the greek referendum height as the market perception that the page has not been turned on the euro crisis and makes it likely the g-20's discussion on europe will be center stage. >> what other issues, mr. price, deserve attention from the g-20 leaders apart from this ongoing euro debt crisis? >> i would say they fall into three categories. the first is to push forward to the import of regulatory reform agenda, dealing with increased capital of banks, dealing with liquidity, addressing the too

big to fail institutions and plans to resolve them without taxpayer assistance. the second topic is persistent problem of global imbalances. this is where we have certain countries like germany and china running persistent surpluses and try to get them to boost domestic demand, while other countries such as the united states, seem to run persistent deficits. leaders will be looking for evidence those deficit countries are taking actions to get them under control. within the topic of global imbalances, there will be a discussion, and should be a discussion, on exchange rates. the focus may well be on china, with respect to their currency appreciation. at the last category, very important, deals with food security. put on the agenda rightly by president sarkozy, it deals with measures that can be taken to

address volatility of commodity prices and shortage of supply. up for discussion, a prohibition on export restraints on foodstuff as well as measures to increase the transparency of the food stock of producing nations. >> thank you so much for joining us from st. louis, missouri. >> china is looking at ways to control social networking. micro-blogs are giving people the opportunity to speak out like never before, upsetting the country's leaders. we have more now from beijing. >> this temple seems an odd place to look for the modern world. complex rituals have been performed here more than 1000 years.

in the temple is something of their revival. among the monks and or stoppers, an expansion driven by a high- tech tool, the internet. this monk has his own micro- blog. he lets people know what he is doing. the monks of this temple express themselves. the ruling communist party stipples -- stifles debate and it limits free-speech and the media, but the internet in general are providing people with a public platform to speak out like never before. political activists now have a new weapon. instantlyers can spread their descent. she is now in prison, but her son aexplain the sentence even

before she left the court. >> it is like air-conditioning. once you have it, you cannot live without it. it is the same with freedom. >> the former head of google in china has written a book about my career-blogs. he said it is a revolution that is changing the way the country has ruled. >> it will at least accelerate the government leaders's thinking about the rates at which people are disseminating information and showing their voice, and that the acceleration will cause them to ponder. >> the government is worried. committee's debate what to do. the ruling communists say the micro-blog manipulate them and are threatening to punish those who abuse them. chinese leaders guard the flow of information to control. what control. micro-blogs make that task

difficult. this social revolution already has hundreds of millions of believers. reining in will not be easy. the leader of the church of england has spoken out against the protesters in london? >> yes, the archbishop of canterbury. dr. williams says the protestors are expressing widespread in deep exasperation with the financial establishment. he has broken his silence on the crisis by calling for a new tax on financial transactions. he also insisted the professors had little faith in the current pace of reform. we spoke with our religious affairs correspondent. >> a protest about banks became a debate about whether the church was standing up for christian values. today, its leader tried to wrest

back control of the debate. dr. williams said people were frustrated by bankers irresponsible behavior and their soaring bonuses. >> people still feel that public is bearing more of the cost than they ought to. it has been a focus of feelings, even if they do not know exactly what they're after. >> for dr. williams, the protesters and the wider economic crisis represented opportunity as well as a danger. he wants the church to seize back the initiative and put question concerns of the powerless at the center of the debate. today, he has challenged the government to use the upcoming meeting of the g-20 to back controversial proposals for a tax on net financial transactions. the robin hood tax would place a levy on million of budget on millions of shares bonds and currency transactions. he says it will answer the moral agenda.

>> when you have a theme like this backed by serious economists, people who cannot be written off as knee-jerk anti capitalists, there has to be something said for it. >> protesters wanted dr. williams's intervention. >> there was a renewed sense of zeal and commitment and it is a nice answer to the protesters. >> protesters claim the city of london corporation has delayed legal action, allowing them to stay until the new year. that call for a new tax on financial transactions it is also backed by one of the world's richest men, bill gates, the former head of microsoft. he would like some of the billions raised to be spent on helping the world's poorest communities, and message that he will take to the leaders of the g-20 summit in cannes. >> bill gates is arguably the

businessman of this age, and it made him one of the world's wealthiest men. now he has turned his attention to the plight of the poor. today, he told me that helping them was in our interest. >> not caring about the instability of these countries it really would hurt our economic future quite dramatically, whether it is on rest, disease. on the other hand, if you bring these people into the world economy, then you get this very positive cycle. >> you now support something called the tax on financial transactions, and interestingly our archbishop of canterbury has come out today in support of that. but is that really something that is going to fly, given the opposition? >> i don't know, it is clearly a political question. when we talk about the financial

transaction tax, there are many flavors of this. what i was looking at is, are there ways for countries that are falling a bit short of their monetary commitment, are there ways they could raise money to get to those commitment levels? in my expertise at being able to say that if you apply development aid, it will have a fantastic effect. >> mr. gates excepts these are tough and volatile times for the global economy, but insists that the poor should not be sacrificed to save the rich. >> i think that steps have to be taken to restore confidence in that government will pay its debt. i think we come out of this without taking the% that goes to the poorest and using that as a way to solve the problem.

>> this time tomorrow, bill gates will be at the summit, determined to ensure that the voices of the poor are not forgotten when the world's most powerful politicians sit down at the table. nearly two days after it was launched, a chinese spacecraft has accomplished the country's first ever space docking procedure early thursday. the unmanned spacecraft docked with a space lab module. it happened more than 343 kilometers above the surface of the earth and marks another leap in the chinese space program. the success of the procedure makes china the third country in the world, after the u.s. and russia, to master the technique, and moves the country one step closer to establishing its very own space station. you have been watching "newsday" from tehhe bbc.

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