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>> the new reality of the euro zone economy. forecast for growth slashed by the european commission. >> the recovery has come to a standstill. there's a risk of a new recession unless determined action is taken. >> south africa's governing anc finds youth leader julius malema guilty for division within the party. welcome to "bbc world news." i am david eads. another is earthquake in turkey has killed at least seven people. an american surfer has tackled a wall of water.

thank very much for joining us. the forecast for growth across the euro zone countries has been revised dramatically downward by the european commission. previous projections of average to it -- of average growth for next year was 1.8%. now they're looking at 0.5%. the uncertainty in italy, the rise of bond yields to 7% has intensified fears that the country may soon day unable to meet its debt repayment. that is something cuts could further triggered the crisis of confidence. the expressions of concern have been made by the european commissioner. we will have more from him in a moment. also, christine lagarde, a managing director of the imf. she is in beijing at the moment.

she has been living out her concerns for the euro zone. >> political calamity. it is much needed in greece and italy. very clearly some expectations and trepidation. no one really understands exactly who is going to come out as the leader and when. that confusion is conducive to volatility. from my perspective, political clarity is conducive to more stability. >> clarity is coming out from the european commission. growth coming to a standstill. >> 0.5% is the prediction now for next year. let's compare that to the spring when we saw the last of the forecasts. they were looking at 1.8% growth

at that time. that is a big shift. also he said european union unemployment and would be stopped at 9.5%, nearly 10% across the european unit. -- union. these are stark reminders of how bad things are. i don't think the markets will be particularly surprised by this, because they have seen price -- they have been pricing does that news force -- pricing bad news for some time. they also said that they have abandoned all hope of climbing out of recession for greece next year. this gives you an idea of how difficult things are. >> the bottom line for so many people is the way out of this is

to grow out of it. the austerity measures aside, they have to happen. we are grinding to all. grinding to a halt. >> this really is the moment of truth for phillips because all eyes are on in italy-- the moment ofe truth for in italitaly. we will wait to see what interest rate they have to pay. >> we should have that by the end of the bulletin. the euro zone, a moment of truth for them as well. we are trying to restore all the details from the european commission's latest forecast,

which are nothing rather than deeply gloomy. >> they are gloomy. the euro zone will grow by 0.5% next year. six months ago it was 1.8%. they say there is a serious risk of another recession. we can not be surprised by that because there's been so much uncertainty, so much speculation. the economy has ground to a halt in many ways. there's a sense of uncertainty spreading at a time when everyone says the long-term way out of this is growth. we need to create jobs and be more competitive. that is not happening at the moment. >> the commission's view of public debt for greece climbing almost exponentially. do you get a sense that greece

is seen as a lost cause? >> a lot of people to think that it is going to be impossible to ever allow greece to get back to place where it can handle its debt. at the last emergency european union summit a couple weeks ago we had an agreement in principle to 50% of private-sector debt to be written off. even if that happens and all banks and other private-sector institutions agreed, greece would still have a debt of 120% of gdp by 2020. a lot people say the light of the need to be even bigger. while stuck in the debt spiral, there's no way that can grow. you have to dispense a good money on servicing those ducks that gros -- so much money on servicing those adepts -- debts

that growth is impossible. of why there's been extraordinary uncertainty there. instability. >> we hope you will stay with us for more later. let's catch up on other stories. south africa's governing anc has suspended its new leader julius malema five years from the party. a disciplinary hearing from him guilty of sowing division within the anc. earlier received a suspended punishment on other charges as welcome. this pales in significance alongside the five-year suspension. our correspondent is in johannesburg. milton, you have been listening to the situation. it is teetering on expulsion. >> very much so. he has been suspended five years

for selling divisions within the and for bringing the party into ill repute. -- into disrepute. he said that he supports a regime change in botswana. they said and he was entering into politics beyond the borders of south africa. >> julius malema is such a contentious figure in any case. this notion that he is suspended , or response will that create from his supporters? do you expect they will consider their ties with the anc over? >> anc turns 100 years two months from now. they have drawn a line in the sand. they are trying to show that

this 100-year-old organization will not be dictated to by a young, unruly leader. now they want to show they are in charge. the anc of nelson mandela is in charge. that means the youth leaders must decide whether to go with the individual who was suspended or stick with the ruling party of south africa. >> thank you. in is will the supreme court has upheld the conviction of the former president on charges of rape. that clears the way for him to begin a seven-year prison sentence in a matter of the next few weeks. he had appealed against the conviction and sentence. but three judges unanimously ruled that he was guilty. he was convicted last year of raping a former employee when he was a cabinet minister and sexually harassing two other women during his term as president.

now news of high-profile sackings in the u.s. >> joe paterno, legendary football coach of coppin state university -- of penn state university. he has been their 46 seasons. he has been fired because of allegations of child abuse surrounding the university. one of his assistants called jerry sandusky has been charged with child abuse 2002. it does seem that joe paterno is being caught in the fallout. he wanted to retire at the end of this season, but some other big names within the netflix community at that university, it seems the allegations are that they did not do enough to stop the abuse going on.

--the crowds have gathered outside his house. >> thank you for everything. >> we love you, coach. >> thanks. and please pray for the victims. >> we love penn state. >> i suppose the tragedy is being that close to the end of an extraordinary career and how people will remember him. >> 100,000 people will attend penn state football games. they would like him to be reinstated because they see him as a year ago. there's been some writing going on the campus as well. >> thank you. and thanks for being with us. still ahead, it's beginning to

read like a hollywood movie. actor and comedian eddie murphy as quick resolution of this year's oscar awards. we will explain. -- as host. south korea is holding its national entrance exams today. many find there are not in of dr. go-around even when they do graduate. -- not enough jobs to go-aro around. >> this is one day of the year when the morning rush hour is held up to give students the best chance. university is seen as crucial. 80% of them now go on to higher education and that is causing the problem. he is taking a different route. at 17, he has already decided that she wants to be a chef.

brother thhis learning practical skills at a vocational high school. today's lesson is noodles. >> my parents did not want me to go to this school because it is a: it is cool -- a culinary school. men are not supposed to be in the kitchen. people around me told me i should not do this. i did not want to be like normal students. >> the education system is world-famous, but the president says it is causing a social problem. the dilemma for south korea is that with 80% of students going to university, there are not enough top job to go-around. many graduates end up

unemployed even while many skilled jobs remain unfilled. the president has been promoting a new scheme to give those with or experience the same benefits and status as those with degrees. but this is what he is up against. parents that will do almost anything to get their child into university. at the buddhist temple the price is 100 a day every day since july to get your child into the university. >> i'm here for my granddaughter. i would have liked to go to university, but it was not possible in my day. >> this person is old enough to remember the days before democracy when a small group of a leader and the country. for her and many others, fear of ending up on the wrong side of the system still runs deep.

>> a gas leak in southwest china has killed 19 miners and dozens more trapped underground. it happened at a coal mine in yuna provincen, trapping 43 people. these are the headlines this hour or. the new reality of the euro zone economy, overall forecast for growth slashed by the european commission. south africa's governing anc has expelled its youth league leader julius malema for selling divisions within the party. sowing divisions. italy and greece, i will start in rome. we have been waiting for the

government bond sales to take place. there's been trepidation of what price that it will go for. what is the word? >> we are hearing that they have risen again. i do not have a figure for you. i cannot confirm this. but more bad news was braced for. that has focused the mind of the political class. there's a real sense that italy needs to move swiftly to demonstrate to the market that it is working faster try to put its status in order. the last of the economic reforms was supposed to take place two weeks ago and are expected to be passed within the next three days. when they are adopted by the parliament, the prime minister and silvio berlusconi is expected to step down. the could be gone by the end of the weekend.

>> it seems that from the european commission view, forget about the growth in italy because there will hardly be any. >> italian growth rates have been dismal for years. they are at the root of the country's problems right now. without growth, the economy cannot generate the kind of revenue that can pull itself out of its problems with its huge national debt. the growth rates are expected to remain very poor. that goes to the heart of italy's problems. >> thank you very much. let's go to the greek capital of aspin's. -- athens. you have been hanging on for days to see if we have a name of a new prime minister. are things getting closer? >> we are still waiting for the white smoke to come out of the presidential palace where the

president has convened all political leaders who will make up the new government to try to hammer groote decision on the new prime minister. but we have heard in the last few minutes that lucas papademos, a former vice president of the european central bank, still considered the front-runner, has entered the presidential palace. perhaps a decision is drawing near. we have been waiting four days. this is the fourth day of talks to try to reach an agreement. i would not hold your breath very much. chaos is a greek word and perhaps aptly so. this is looking ever more like a farce. this country does not have a leader at the moment at a time when it craves leadership and stability to get through the worst financial crisis it has ever faced. >> thank you very much indeed. some other stories. in turkey, at least seven people

killed and another 100 or so believed trapped in rubble after an earthquake in eastern turkey. a number of buildings collapsed. it struck the city of van with a magnitude of 5.7. van is in the region where two weeks ago an earthquake killed more than 600 people. now this report. >> many of the people staying in this hotel were all here to help those affected by the last earthquake. they found themselves being rescued. once again, americans workers worked frantically to search for survivors. >> 27 people are staying in a hotel. personnel have brought their families in there as well because they thought the hotel was safe. now they are talking about people under the building, which is devastating. >> the last earthquake in this

region less than three weeks ago killed over 600 people and made many thousands homeless. this aftershock has brought down more buildings and made residents even less likely to return to those still standing. the only good news for rescue workers and residents is that the weather is dry. although the nighttime temperatures fall will freezing. the region is still being blocked by aftershocks. there is no respite i therefore thousands living in tents nor their rescuers. >> global ramifications. james murdoch of news international is answering to police on phone hacking. he will face questions about widespread surveillance of public figures by the news of the will newspaper, which no

longer exist. naomi joins me from westminster. many questions that people expect that a few months ago he thought that he had dealt with. >> that's right. the area that he will most face is the decision in 2008 to pay gordon taylor of the professional football association a massive amount of money in and out of court settlement after his phone was tapped. james murdoch signed off on that the blood. this inquiry will not focus on why he decided to do that. he said at the time needed not have all the details in front of him. he has given evidence of two senior executives at the newspaper have come forward to say that he did know that phone hacking was more widespread than news international has been saying and that he was aware of

those key facts. will want to grow -- and it seems to be gross incompetence on his part. if he was proven to have misled a parliamentary committee, that would be very serious and it could even cause a contempt of parliament. certainly his reputation would be ruined. remember, also, there is its business position to consider. if mp's suggest that he was incompetent, then that would have serious ramifications for weather does inherit the rupert murdoch media empire. >> thank you. if you are a fan of eddie murphy, you might like the idea that he will host the oscar awards this year. he was going to, but ps pulled

out because its producer has resigned. -- he has pulled out. the producer made some homophobic remarks and was fired. eddie murphy says that he is sure that the new production team and host will do a great job, glover they maybe -- who ever they may be. now let's bring extraordinary pictures. surfers always looking for the next great thing. bigger waves. an american sports writer says that he has served the biggest wave ever, a 30 meter high wall of water, during a competition in portugal. >> with an offshore submerged

canyon, the fishing town produces some of the biggest waves on earth. they are towed into position by jet skis. derek mcnamara travels the world in search of waves like this. -- garrett mcnamara. he is totally engulfed by the wave. it looks like he must go under, he emerges unscathed. >> the this wave is very mysterious and very magical and it is just such a mystery. you never know what you will get out there. >> it is difficult to measure the height of a wave, but this one was estimated at 30 meters. the previous record was over 23 meters. bbc news reporting.

>> i just want to bring you up- to-date on the situation in italy. the selling of the 1-year bonds, the rate is 6.087%. that is the highest rates for one-year bond in 14 years for italy. the travails continue. to add to the political discomfort, remarks from the british prime minister if david cameronhdavide says that italy represents a clear and present danger to the euro zone and he went on to say it is a warning to any country or any government without a plan to deal with its the opposite, that any plan and you need to stick with that plan. the european commission says growth in italy next year will probably be no more than 0.1%. that is pretty miserable news for italy and for the euro zone. we have much more on the

website, bbc.com/news. >> 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.

>> union bank has put its financial strength to work for a wide range of companies, from small businesses to major corporations. what can we do for you? >> "bbc world news" was presented by kcet los angeles.