>> this is "bbc world news." funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> union bank has put its global expertise to work for a wide range of companies. what can we do for you? >> and now, "bbc world news."

>> we will create a new fiscal union that is also a stability union for the eurozone nations and also those who would like to take part. >> big concerns about the future. nicholas sarkozy says this will not result in a two-tiered europe. also coming up, more than 70 elderly people are killed in a fire in india. also, is it change or no change in the climate change talks?

hello. a long night of the drama and disagreement has finally led to a deal, but it is limited. the leaders of the 17 countries inside the eurozone have accepted a plan that brings stricter control on their economies. germany has a new treaty involving all of the countries in the eu was scuttled when the british rejected it. david cameron demanded concessions on financial services that germany and france would not grant. >> david cameron of arriving at the summit this morning after 23 leaders agreed to a tighter integration with stricter budget rules for the single-currency

area, mr. cameron, among them. during the night, britain said it could not accept proposed amendments to the eu treaty after it failed to win concessions for itself. >> the key question for britain is do we allow that to happen within the european union treaty if you are not happy with the safeguards you are given? i was not agreed to -- i was not willing to take it to my parliament in that way. that is why i rejected the treaty today. it was the right thing for britain. a tough decision, but the right one. >> the wanted to protect the city of london from future e you taxes. germany would not give away. they insisted the biggest issue was saving the euro. president nicolas sarkozy said it would stand to broaden itself. >> this is a choice that we may.

you cannot on the one hand ask to not be in the euro and at the same time which to be part of all the decisions that affect a currency that you do not want and that you often criticized. that is not possible. >> there will undoubtedly be a major hurdles ahead for working out an intergovernmental treaty on the deficit and debt regime. the german economy will play a key role. >> we will create a new postal union that is also a stability union for the eurozone nations. also those that would like to take part. we will introduce a limit on debt, to offer automatic sanctions, and a stronger role for the commission at the european court. >> back in britain, david cameron one enthusiastic support

from the mayor of london, boris johnson. >> he did the only thing that was opened to him to do. >> but the legacy of this night of marathon big associations or the whole of europe remains to be seen. like aldridge, bbc news. >> that you price that says with a view to the long term, france and germany see the agreement as a success. >> we need to focus on the long term measures, which we always argued over britain's involvement or lack of. in terms of the long-term processes, britain has decided not to sign up to the new agreement that will be put in place between eurozone countries plus other members of the european union that do not yet used the euro. the germans are saying they have tried out here. the french are saying they got

what they wanted. they are moving forward to imposing more fiscal discipline. more economic and budgetary roles between the eurozone and beyond. those roles, that new discipline should make sure that there is never a eurozone debt crisis again in the future. that is the medium to long term. they believe they are making a quick and steady progress on that. in the short term, they have not as far as i can see, up with any measures that address the immediate debt crisis. they have come up with an extra 200 billion euros that will be passed to the imf to help the bailout, but that is far short of the number most economists believe is necessary. there is still a question mark hanging over how precisely to address the current crisis. >> that is matthew price.

joining me from central london is the financial commentator, they did do it. you described the leaders of the european union as ostriches like and not taking any leadership. do you feel that any will come out of this summit right now? >> some progress. the expectations at the beginning of the we were far too high. the fact that the main bulk of the european union has agreed to an agenda to put down in front of the other 15 nations can be considered a reasonable success as far as they are concerned. the problem is march of 2012 is far too long. also, the facilities for the immediate future, which met you mentioned, are of considerable concern. -- which matthew mentioned, are of considerable concern. the governments of some of those countries will deliver -- the

government's delivering -- the governments of some of those countries and delivering the austerity measures is skeptical. >> it hangs in the air as we wait to see how things map out. realistically, you cannot expect 17 countries, maybe as many as 23, to forge ahead in a legal sense in a matter of three months can you? >> they have talked about it for three years. they have not decided what they would have for breakfast over the last three years. i would mention the situation of david cameron's stance on this. he deserves an enormous amount of praise for standing his ground. there are, of course, a few ramifications. i would like to be a fly on the wall to see if he asked angela merkel and nicholas sarkozy if they would grant those concessions to the city of

london, otherwise he would have to call a referendum. he might have gotten those concessions, but that is something i will never find out. the other thing is, i suspect that as a result of making a stance and standing up for the city of london, which, let's face it, is the center of the universe -- 37% of the world's foreign exchange -- he did a great job of standing up for it. but if we do not save the world of the financial system in the next three years, every opportunity will absolutely make it very clear that he holds the uk to bolster this day. he will make it very painful for us. it is up for us in the months to come to deliver. >> politics in britain -- david, thank you. let's have a look beyond and see

what the markets are doing. they have actually started down. they were down anyway, but they are nice and flat at the moment. >> they are. but a quick look. that is asia. asia is considerably falling. these are the european markets we are focusing on at the moment. nothing to bring up. the markets are looking just ok. we have 23 countries are roughly agreed to binding rules on taxing and spending, possibly sanctions against countries that overspend. how do you implement of that? how do you govern that? that is what the markets want to see. one of the disappointing factors of the markets is what we saw yesterday and that what the european central bank and its new president, mario draghi, saying he is not going to implement any strong bond buying programs, which is buying the debt from the peripheral,

troubled countries, until he saw what came out of the summit, until he saw a unified approach. many would say we do not have the concrete details, so that if a problem. the new test will be whether mario draghi and the e.c.b. has enough to implement some bond buying programs. the interest rates for italy and spain to pay on their debt has risen since this announcement. that is cut -- that is not good news. we asked billy blamed what would be the likely implications for investors that we did not see. quite the expectations being greece, to eight fruition. >> we did not get an agreement, but that does not mean that spain and italy go bust tomorrow. it probably means we have a another three or four months of worrying about how they are

going to solve their debt crisis. the next e.c.b. comprehensive solution meeting, when will it occur to discuss it? there is more worrying and concern with the global economy and looking at the euro. >> i will have a lot more in the world is this report coming up. more signs that china is slowing. i will have more in 20 minutes. >> the french president -- nicolas are cozy -- he said he would have preferred an agreement including all 27 eu member states. there would be a sign of contagion that way. we said it time and again, there is an awful lot riding on this for president sarkozy. how is it being perceived, this

deal from france? >> there has been very little reaction. there are people who defended sarkozy and said there was a decision to be made. they were said to have a quick agreement with 17. i imagine that was pretty much preordained before yet today that sarkozy was quick to move straight ahead. that is the kind of man he is. quite an impetuous and clearly wanted to stay in control they did not want to end this round with midnight negotiations going over the weekend. that would send all kinds of signals. as soon as david cameron said his redlined would be an opt out of the financial stuff, he said that is it, we are going to move ahead. most countries in a non- eurozone have indicated they will sign up through the

government built 17 agreement. that will leave britain and audrey very much by themselves. sarkozy's position is he had to do what he had to do. it is not a split down the middle. it is a split with a little bit of the side. >> a little bit on the side. thank you, very much. you are what the bbc world news. but the more still to come. -- plenty more still to come. going from this to this. >> two people, one a policeman, have been shot dead at virginia tech university in the united states. university staff say there is no longer an active search onside. reports are a policeman was

killed when a stop a suspect during a routine traffic check. virginia tech the scene of the worst shooting four years ago. a korean boy shot 32 people and killed himself. >> at virginia tech, a chilling sense of deja vu. the campus of lot down, swat teams patrolling the grounds, and terrified students wishing there were somewhere else. gunshots were heard before lunchtime. two people were killed, he won a universe to the police officer apparently shot dead after a routine traffic stop. >> he just fell out towards the ground. i could see his face. he was covered in blood. >> a suspect was seen entering a car park. when officers reached it, a man was already lying dead with a gun beside him. the implication is a black man

killed the police officer. >> no additional becomes or shootings to -- r -- or shooting reports of a given to the police department. we feel confident that the situation is under control at this time. >> four years ago, this campus was the scene of the worst mass shooting in modern american history when a student of south korean origin opened fire, killing 32 people before taking his own life. then virginia tech was be -- virginia tech was fined for being slow to alert students. with grim irony, the student was appealing that ruling today. >> australia's high court says the government can appeal only ruling that prevents the extradition of a 90-year-old man to hungary on war crimes charges. he is accused of killing a man in 1944.

>> he is one of the last remaining alleged war criminals at large. he is not the best years old. his main legal argument is in 1944, there were no war crime cases in hungary under high gear in law, therefore, he could not be accused of carrying it out. australian authorities say they are acting on behalf of the hungarian authorities. his family has said he is willing to be questioned by police, but in australia. he does not want to go back to hungary because of his age and his frailty. >> this is a bbc world news. these are the headlines. a new agreement for the eurozone. britain wants away. -- walks away.

prime minister david cameron says it was a difficult decision, but france says it will not mean a two-tier europe. 17 -- 70 people have been killed in a fire in calcutta. the blaze started in the morning in a hospital basement. heavy smoke spread quickly to the building. officials say the death toll is of -- is likely to rise. officials are still try to reach the upper floors of this hospital. >> this is a very large hospital, a private hospital, which believes -- which means it attracted a lot of people for specialized care. some had just undergone surgery or were in the intensive care unit with the fire broke out. there were 160 patients at the time.

many of the victims who died died because they suffocated when smoke started billing through the building, through the corridors, and through the six floors. it took a while for the fire service to reach the hospital. there was some suggestion maybe they were not called on time, which could explain the delay. a lot of local people rub the area at the time tried to pitch in and help. it took them a while to break through the glass, reach for patients who were stuck inside, and try to bring them out. it took them a long time. the toll could rise. authorities have cancel the license of the hospital. they promised a full and thorough investigation as what is clearly seen as a massive accident. i am sure we will hear how the investigation is proceeding and who will be held responsible. >> the former president of the

philippines, gloria are arroyo, was arrested three weeks ago. she is 64-years old. she says she had a clear conscience and was constant -- and was confident she would be cleared of charges of vote rigging. we have got down to the final day of the climate change talks in the south african city of durbin. world leaders discussed the protection of forest and clean energy. a list of issue remains. getting a climate -- getting a binding agreement globally on climate change. that goal is reaching a new set of complications. >> the world of the order is changing. once negotiations are about rich versus poor.

bangladesh, gambia, and nepal are calling on china, india, the u.s., and brazil to move forward. climatists were able to show that there are countries willing to back this and what clear results. we talk to 120 countries represented here. >> inside the conference, activist and pointed the finger at the u.s. >> you must put aside partisan politics and make decisions. >> they feel that because of next year's election, the obama administration is stonewalling. >> it is completely off-base to suggest that the u.s. is proposing we delay action until

2020. let's stop and think what is on the table over the next number of years. >> protest are aimed at keeping pressure on the delegations that are accused of holding out. thousands of local school children in the symbolic shape of a lion roar their frustration. >> delegates here have tough negotiations ahead of them and probably a very tough night as well. what is not certain is whether those talks will result in the top constraints that scientists say are necessary of climate change is to be capped within safe limits. >> climate related business. after one of the warmest and driest autumn's on record, a delayed start to the skiing season has come to an end. snow is falling in the alps.

that has brought a big fuse to switzerland's tourism industry. the euro is causing many holiday members -- holiday visitors to stay away. >> from this to this in just a few days. the snow has come at last, and everyone is eager to get out on the slopes. for those whose livelihood depends on tourism, winter is a release. >> it is hard to explain eigen figures. people know what it has snowed. there is even snow in the lower regions. it is the start of the winter season. >> switzerland will be hosting the attraction [unintelligible] they hope it will outweigh the fact that the strong swiss franc makes a skiing holiday far pricier than add -- than in

neighboring austria or france. now that the snow is finally here, they are gearing up for business. everyone is keeping their fingers crossed that the snow keeps on falling. >> does it make you want to get your skis on? >> it does. the site of snow does it. >> we move from that to cricket. the aussies are beginning to play the game again. >> yes, they are. a year ago they were in the middle of this a drubbing by anyone. they look much more promising, particularly from a fast-forward perspective. the second test is in tasmania. it is young bowlers that are really catching the eye. james pattinson had 5 wickets in

his debut. the man that made such an impact in south africa -- i can just about call him a man because he is 18. he had seven wickets and is now injured and cannot play. they are taking it. >> the big challenge will be india. >> india at home. that is on september 26. these are pictures of some of the indian players are arriving in australia. they boarded the plane from india as a world record holder. it was taken over by a teammate. he made an amazing 219 against 240 balls yesterday. >> i wonder if australia will be

the place this year? >> melbourne, the 26 of december. it has a certain ring to it. atlet's have a quick look these pictures. the odds of mars being able to support human life is short. nasa says it has found the clearest sign of water flowing of the red planet. that is it. that is the side. people operating the mars rover sought the line costing -- crossing the shadow of the camera. is a well formed metal deposit returned. it is about 45 centimeters long test suggest it could be gypsum. that would be important because it could only be deposited, we are told, by a long time flow of water. maybe there is water there.

there is more of that on the website. funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> union bank has put its global expertise to work for a wide range of companies.

what can we do for you? bbc world news was presented