,, welcome to "the journal". ccoming to you from dw-tv. in cambodia, more than 300 people killed in a stampede after pact breaks out at a festival. dublin starts bailout talks at -pthe u.n. the imf, sparking a political crisis and calls for early elections. for the first time in 4 under vehrs, a piracy trial. a somalian pirate appears in court.

cambodiastate television is reporting 339 people, many of them women, have been killed in a stampede at a festival at the capitol. mass panic broke out during festivities to mark the end of the three day water festival. witnesses say 1000 people were on the bridge at the time. many of the victims are believed to have drowned after jumping into the water below. others are thought to have been trampled to death. for the latest, we go live to not papnom penh. can you tell us what happened on that bridge? >> according to police, rumor that the bridge collapse [unintelligible] and some said that after that,

the people were panicked, and they started to push each other. more stopped and fall down and some jump into the water. >> can we expect the death toll to rise? are people being helped? >> they announced on tv 10 minutes ago that the death toll is 239. officials believed that number will continue to rise. more and more victims are being taken to hospitals. >> our correspondent with the latest about that catastrophe.

thank you. we will have more details as they come in. irish prime -- the irish prime minister has ruled out snap elections but said he would dissolve parliament after it passes a budget next month. that the center othe international bailout plan. the greens called for a general election to be held in general. they are criticizing the bailout and there were protests before the parliament building today. at a protest organized by sinn fein, demonstrators forced their anger at the prime minister. they opposed the planned austerity measures. some politicians are making the same demand. >> we do not see the reason because -- this government has

no mandate in the next couple weeks. the eel and imf are likely to put pressure on dublin to implement measures to cut the enormous debt. >> it is being negotiated currently with the irish authorities. by the progression with the imf in liaison. >>the program will address the fiscal genesis. >> the bellard package is expected to total as much as 90 billion euros. ireland may have to raise taxes in return. until now, the country has been able to attract manforeign

companies with its low corporate tax rate. the tough conditions could impinge on sovereignty on fiscal matters. >> it is an unfortunate day for the country. it is the way it is. nothing more to say, really. >> this is a disgrace. >> whatever the final outcome, the people violent face difficult times ahead. >> we are joid by our corrpondent from the iri state broadcaster in dublin. what did the prime minister say? >> he said he is staying in office despite a day of speculation he might step down or be forced to step down by his own party. some of whom are nervous about facing a general election with him as the leadership of the party. he will stay in office and do three things.

pass a budget on december 7 and get established into law the necessary legal measures. he would publish a for your economic program that is designed to reduce government spending and raise taxes to close out the large budget deficit that exists. and to conclude a deal with the european union and teams that are in dublin that would provide funding for this country over the next three years. >> their position has been critical of the austerity plan or plans. do they have a way out of the crisis themselves? >> they have various plans but none of them are very cohesive. the opposition party would support the objective of cutting $6 billion -- 6 billion out of the budget. the socialist labour party would not favor that figure.

it would probably sued both of those parties if the government stayed in office and did passion -- pass the budget. then calling a general election in the early spring time once the budgetary measures have been passed. >> thanks for the update. over to steve with them look at how the markets are reacting. >> even though the eu and ireland have gone to extremes to soothe nerves and calm down the market, there are many unknowns. the irish government has been putting the final touches on a four year plan to cut 15 billion euros in government spending. therish government hopes to publish its plan on tuesday. it is negotiating the size of the rescue package with the eu and imf. they do not know yet -- the do believe it will be getting

around 90 billion euros to help rescue domestic banks that overextended themselves in the run-up to the financial crisis. let's take a look at market reaction. european shares retreated as the request for the bailout failed to convince investors that eurozone regions' debt crisis has been contained. here's this summary of the day's trading. >> there was some relief on the financial markets. for the time being, the irish state budget and the banking sector seem to be safe. the concerns are not gone. moody's kamala rating agency said that most probably the irish government are facing another downgrade. the bonds may have to cope with another downward correction of the value of these delavan bonds. this outlook weighed on the

stocks for the financial sector. it caused the good mood to vanish completely. >> the eurostock sliding and finishing at 2811. the dow lower by 0.4 of 1%. on currency markets, the you're treading -- euro trading down. the german government management consultant firm has decided not to merge with its rival. it would have created a consultancy giant. key partners including the

company's founder and namesake voted almost unanimously to remain independent and funding its expansion as a stand-alone business. as germany's biggest building company continues to fend off a hostile takeover bid, it has announced new plans to spend -- expanded to a new sector. shipping harbors. they have unveiled plans to join up with dusbergen-haffen. the first projects which will capitalize on a rebound are planned for europe and south america. spain's acs is pursuing its -- continuing its pursuit. >> for the first time, almost 400 years, the northern german

port city of hamburg is holding a trial ainst suspected pirates. one of the legal questions is whether some of the pirates are old enough to stand trial. >> the dog was crowded and the trial opened in hamburg. the 10 alleged pirates are being tried in this court. they are being defended by a team of 20 lawyers. prosecutors know little about the defendants. even their ages are not certain. the trial is expected to be complicated. prosecutors say they are certain of success. >> we have gathered sufficient evidence. we have presented the court with 22 witnesses and plenty of material evidence. including weapons. >> the men are accused of having seized the freighter in april. there were able to hide in a safe room -- the crew was able

to hide in a safe room. piracy is commonplace in somalia. the defendant's' lawyers argue that their citizens see no other option but to return to crime. >> you know it is a poor country where millions are starving. it is difficult for people to get by. that has something to do with this case. >> the trial is likely to last until next year. if convicted, the defendants could face up to 15 years in prison. >> staying in germany. the apparent murder of tv zero teenaged chiren has scked -- two teenaged children have shocked many. the girl was reported missing

but several witnesses reported seeing her in the area in the following days. the boy went missing over the weekend. both attended the same school but have no further connection to one another. for the first time since the german government moved to berlin from bonn, authorities have placed restrictions on the parliament building. the move comes after germany and heightened its terrorism level alert say they had information of a specific threat. the government is providing -- advising the public not to give into hysteria. >> the police barris have been in place for a few days. pre-arranged groups, members of parliament, and parliamentary employees have access. the government is striking a balance between security and maintaining normal daily procedures. interior ministers have called

on citizens to be more aware but warn against falling victim to hysteria. >> it should be clear that we need citizens to be vigilant. maintaining and establishing order is the duty of the security. re>> reports were not helpful. the interior ministry is informing parliamentarians about the attacks. in closed-door session. >> three german soldiers have been injured in an attack by the talibann ahanian.

roadside bomb exploded during trouble. the soldiers injuries are not life-threatening and they're being treated in the country. the german defense minister says the country's armed forces will and construction -- end conscription next year. they will meet to discuss the biggest reforms in their history. the changes will make it easier to deploy a larger force for logger time overseas and should reduce the defense budget. in efforts -- efforts to rescue a man trapped in a coal mine in new zealand are on hold. help must come quickly of there is to be any chance of getting them out alive.

authorities say the bidding for the results on gases suggest that methane is still present, making rescue action extremely hazardous. there has been no word from the minors since the explosion on friday in the pike river mine. in southwestern china, 29 coal miners trapped after an accident have been arrested. state television showed rescuers bringing up the last of the men from the mine. they were trapped on sunday when water suddenly flooded. china is notorious for its poor mining record. last year, 2006 hundred miners died in coal mining accidents. some sports now. jokovich ohas defeated his opponent at the world finals in london. the third seed dominated from

start to finish. he benefited from strong serbs. stay with us and i will have more on ireland's problems. coming uin one minute.n

>> the irish government is in tough negotiations with european and international banks for a massive bailout. the prime minister is responding to calls for him to quit and call new elections by saying there are not necessary and the government will pass its tough austerity budget as planned on december 7. the average crisis began in 2008 when the country's real estate and banking industries began imploding. the country's post houses, 300,000 unoccupied or partially finish homes dot the irish countryside. many fear harder times are to come. >> the banking crisis has taken

the wind out of ireland's sales. -- sails. they are board about the future and maintaining their independence. >> things are going to be tough. there is a lot of disappointment out there. a lot of people do not know what tomorrow brings. >> we're really let down. then let us down so badly. i am sure the should have done something sooner. >> nearly everyone has been affected. wages and social benefits have gone down while taxes have gone up. after the boom years of the cal tech tiger -- celtic tiger's soaring economy, ireland has

crashed back down to earth. of the global financial crisis, the property bubble burst. many construction sites are silent. there are have built houses across the country. many are struggling to pay their mortgages. the fear is that a new wave of defaults could make the situation worse. irish banks have hit hard. especially the anglo-irish bank which provided loans to property developers, often without guarantees. the irish government was forced repeatedly to step in and support the banks with a total of 35 billion euros. as a result, ireland has amassed huge debt. the prime minister resisted the need for a bailout as long as he could. on sunday, he gave up the resistance.

mexican from the government has decided to apply for financial assistance at the european union. the request was transmitted to european authorities this evening. authorities have agreed to our request. >> ireland's government is on the verge of collapse. the junior coalition partners have called for new elections. the country has to navigate a government crisis on top of the debilitating economic crisis. >> irish political leaders did not explain to the public the complete dabs of the financial crisis. earlier, wasked our correspondent in brussels would persuaded them to change their minds. -- what persuaded them to change their minds. >> dublin came under immense pressure led by germany. germany is the biggest guarantor of any bailout. the pressure is immense.

it was not just about dublin and ireland. it was about saving the year. i think that was an argument that the prime minister could not read it -- resist. >> how confide are ministers this move will stabilize the eurozone? >> hopeful rather than confidence. they have the experience of the greek bailout in april when markets rose and fell on every whim and change of mood. there is no guarantee. they hope they can contain this problem and hope it does not spread. they're hoping and waiting to see. >> will this include a loss of sovereignty as many people in ireland fear? >> i think it is. that is why ireland did not want the bailout. it is a big political issue. that is why there is public opprobrium. theit is something the prime

minister had to accept was inevitable. he will pay the political price in the coming months. >> in ireland, the way business is done will change. >> i think it is and even if it were not to do so, this number crunches are looking over -- there will make sure the austerity measures are deep and effective. that means big cutbacks for the irish public. dublin is determined to do what is necessary to win the support of the international community to get the bailout and restore confidence. around the 16 countries which have a single currency. >> thank you. >> the irish economic crisis is leading to a mass exodus of young people. ireland is in the grips of then

out-migration the likes of which have not been seen since the 1950's. cellmark comparing it to the high level of departures during the 1840's, the famine years. they are mainly the best and brightest. >> keira has graduated from the unersity of dublin. she can find nothing. she has decided to leave and go to new zealand. >> it is doom and gloom all the time. everyone is saying it will not come down for a while. there is no jobs and i would like to settle somewhere else. >> the boom came to a shuddering halt. dublin -- in dublin, the unfinished headquarters.

the governmenttepped in to save the bank after the property bubble burst. >> this is the fault of the irish. we did it ourselves and we did it by refusing to focus on the things that got us rich in the first place. we started thinking that wealth came from selling overpriced houses to each other. >> ireland is on the brink of bankruptcy. the tens of billions pumped in to prop up the banks and plunge the country into record debt. unemployment has ge up. the budget deficit is 32% of gdp. >> i just get sick of it. i know people who are like my dad's friends and my dad, they do not pick up a newspaper because it is too depressing. >> the bailout will give dublin some breathing room. it will be attached to conditions that the eu and imf will monitor the austerity

program. financial experts are optimistic. >> in light of what arlette has done to fix the public finances and the banking system, we are beginning to see the benefits. it is a young population. ireland can grow. >> what happens if the young and educated are the strongest irish export? we asked students how many see their future and outside ireland. the student union predicts many will leave. >> i would love to come back and i want to live here. i have to wait and see. if i can get a job in new zealand, i will come home. >> most do not see signs the situation will improve soon. >> that is our "in depth".

thanks for joining us.