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Thursday 6 January 2011

Verity Murphy | 12:32 UK time, Thursday, 6 January 2011

Here's Kirsty Wark with more details on tonight's programme:

Roll up roll up for the third instalment in our Newsnight 2011 starter pack.

Tonight our Economics editor Paul Mason delivers a succinct critique of the only show in town. This will be the year of the euro drama. Welcome to Estonia, but will that beautiful country, and all the other eurozone countries be searching for a new national currency before the end of the year?

Just one statistic to make your ears bleed, courtesy of The Guardian's Larry Elliot, Spain's intra-eurozone bank-to-bank debt is $1 trillion. So which eurozone country will need money fastest this year, and when will the help run out?

I'll be asking France's Finance Minister, Christine Lagarde, and then talking to market players and economic experts.

The Health Protection Agency has announced that this week 11 more people have died from flu across the UK, taking the total who have died in this outbreak to 50. Although on the basis of the number of reported cases it does not amount to an epidemic.

Last year the government was accused of overreacting to the outbreak of flu and talking the potential fatalities up, so this year have they so far been proved broadly correct in their low key approach, despite criticisms of patchy vaccine supplies in England?

We'll be discussing how complex an issue it is for politicians and clinicians to predict and react to a flu outbreak.

And how will Australia cope with the loss of The Ashes, when sporting prowess is such a big part of the national psyche (and not exactly a given in the British Isles). We'll be speaking to two antipodeans.

Comments

  • Comment number 1.

    Well done England! Alistair Cook is a legend :o)
    :p Who cares about Australia? Ponting was nothing but a sore loser.

  • Comment number 2.

    Paul, don't bother, know it already, hell and handcart come to mind....I blame the Yanks for everything, selling worthless morgages, properties and now they are destroying my footie club.....

  • Comment number 3.

    The big economic and business stories - what about the truth?

    I predict - we'll muddle through 2011 and bump along the bottom till at least 2015.

    No mad bubbles, no debt hysteria and no war against Iran.

    Doesn't sound so bad.

  • Comment number 4.

    Ashes vicotry...

    from my son I understand several of the team were born and brought up in South Africa, not exactly an english triumph then! ; )

    The english seem to lack the get up and go to win anything these days, including our identity.

  • Comment number 5.

    Why all this flu "panic"? Things are far better than in an average winter.

    This is a classic distraction, but from what?

  • Comment number 6.

    FROM 'BREAD AND CIRCUSES' TO 'DEAD AND VIRUSES' (#5)

    Good call Kit. As I keep posting: "Politics it the art of self-deception, wrapped in the craft of deceiving others for their own good".

    We live within the lie disseminated and maintained by the Westminster Citadel. We are being distracted from THE LIE. The Matrix endures.

  • Comment number 7.

    'LET'S GET OUR IDENTITY BACK' (#4)

    As I remember, Yorkshire were the last Cricket team to insist on county-indigenous players. They were not doing well - the 'defection' was inevitable. It's what 'must win' men do.

    In passing: I was in popular tea-rooms, in central Marlborough, today. It was as if the air-raid siren had gone. At one point, I and my friend outnumbered the staff! Just a blip? Or is it beginning . . .

    I suspect things are far more ominous than Westminster knows, OR CARES. Cowering inside the lie, is only delaying the inevitable pain.

  • Comment number 8.

    50 DEAD FROM FLUE - THOUSANDS UNDEAD FROM PERVERSITY

    Newsnight - you have no soul, and no 'nose' for what really matters.

  • Comment number 9.

    the govt says there is no need for a tv campaign because dr will contact people at risk. What proportion of the population have not only a medical record but an updated medical record? i still got nhs appointment letters for someone else for 10 years after they moved house despite me constantly telling them they had moved.

    so there could be a significant proportion who fall through the dr's medical registers?

  • Comment number 10.

    @ Ecolizzy #4 - Alistair Cook is English and he's (I suspect) going to be man of the Ashes series! I suspect that many people don't go into cricket because it doesn't earn the megabucks football does (Ronaldo gets 拢11.3million per year, Lampard gets 拢6.5million) just for playing football, never mind the endorsements etc. English and Australian cricket players make 拢250,000 to 拢400,00 per year. It's rather like comparing "Mastermind" (where you need to have knowledge) to "The Million Pound Drop Live." Why is it, that the dumber you are, the more money you win?

  • Comment number 11.

    LUXURY! IN OUR FAMILY WE REPEATEDLY BLED TO DEATH, WAITING FOR AN APPOINTMENT. (#9)

    I received appointment papers, for a haemophiliac clinic, for someone who had NEVER lived here. I phoned the hospital, and the person I spoke to was INFINITELY RELAXED about the whole cock-up. I more or less had to tell her what I should do next.

    NHS: No Hope of Saving.

  • Comment number 12.

    WHY IS IT THAT THE DUMBER YOU ARE, THE MORE MONEY YOU WIN? (#10)

    That's easy. Only people too dumb to understand the odds, gamble. So it skews the odds.

    I'll (for)get me coat. (It's got the lottery ticket in it.)

  • Comment number 13.

    Are you going to question the high, and rising, inflation in the UK and why the BOE is determined not to raise UK interest rates?

    Mervyn King's talk and bluster about inflation not being a problem... and refusing to raise interest rates... is only going to cause serious problems for the UK economy in the coming year... and the knock-on affect will be on Messrs. Cameron and Clegg for falling, like Brown, for King's see no inflation, hear no inflation, touch no inflation nonsense.

    Perhaps Dave and Nick will wake up and realise that they are working for King and not him for them?

  • Comment number 14.

    DECLARATION OF INDEPENDNECE (#13)

    You know the Sir Humphrey one about nothing being true till it's denied?
    Well - I reckon nothing termed 'independent' ever is. That's why it is termed 'independent'.

  • Comment number 15.

    tawes57 #13

    The BoE is not going to raise interest rates when the whole name of their Corporate Nazi game is to provide a virtual welfare state for the stock market parasites. Raising interest rates back up to a realistic 5% could get pensioners spending on their grandkids again, buying new cars etc thus injecting cash into the real economy, not just the stock market driven by speculation in commodities.

  • Comment number 16.

    I first wrote the following in 2008 in an attempt to anticipate the true reasons eco-fascist groups like FoE were supporting the introduction of traffic calming despite the fact that they knew full well it at least doubled local traffic pollution.

    Perhaps one good reason that they have installed traffic calming in Asian areas in big towns is to help control any future civil unrest. Of course they have it in " rough " white dominated estates also, where the chattering classes consider a large proportion of the inhabitants are at or near the poverty line.

    Humps in the road are an ideal protection against anyone stealing a service vehicle in an attempt to break out through the gates. Impossible to get any decent speed up if there are humps everywhere. Its only one easy step to ring fencing certain areas of towns and turning them into virtual Warsaw type ghettos. Nobody will be let in or out without a permit, plenty of work for private security guard companies now that much housing is under the control of housing associations. I believe that locked gates have already been installed on some " alley's ".

    And Now this ?

  • Comment number 17.

  • Comment number 18.







    A New Year! ....

    A new low?

    Two of tonight鈥檚 three trailed - above - 鈥榠tems鈥 have been done to death!

    No! .... Wait! .....

    No one has yet asked a junior ministerial aide whether 鈥榟e鈥, 鈥榮he鈥, 鈥榠t鈥 shaves under 'his', 'her鈥, 'its鈥 armpits. and whether this potential 鈥榓ction鈥 is palliative, preventative or political?

    And nobody has yet asked the crowd member sitting in Row Q Seat 17 why 鈥榟e鈥, 鈥榮he鈥, 鈥榠t鈥 is not wearing pink?

    So .... These 鈥榤ay鈥 be the 鈥榖ig questions鈥 that Nn is going to 鈥榓nswer鈥 tonight ....... Definitively at the very least!

    Nn ......

    Leader?

    Follower?

    Lazy?

    Or broke?



    Maybe 2011 isn鈥檛 the year that my prediction (No 11) will actually - likely - happen?

    Not much hope for the other 24 鈥榩rophesies鈥 then, is there!

  • Comment number 19.

    Come Katie give your American guest an chance to speak instead of shouting her down, she's spent 23 years on rape case's compared to the consertivite MP who's only been inthe job 5 minutes.....

  • Comment number 20.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 21.

    LOVED Stephen Smith's report tonight :o) The failure of the Australian cricket team's debate with Hardy & Callil was the best of the night, and even I admit to facebooking Australian friends and teasing them about it :D The Ashes is compelling viewing and the highlight of the year.

    Very interesting debate on the anonymity of rape victims too.

  • Comment number 22.




    So! ...........

    An unannounced item!

    Sexual assault and anonymity.

    A - potentially - thoroughly interesting 鈥榩iece鈥 ....

    But why the 鈥榗ombative鈥 element?

    Would it not have been far more 鈥榠nformative鈥 if Lady K had focused on getting the explanations et al rather than having some blithering diversions from a 鈥淥ur man Flint鈥 of the Big Cons?

    Is it any wonder that UK politics is easily dismissed by the masses?

    Presumably the appearance 鈥榝ee鈥 for Our man Flint鈥 will be fully declared in 鈥淢embers Interests鈥?

    And no newspaper front pages again!

    Looks like 2011 is doomed already!



  • Comment number 23.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 24.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 25.

    This is fairly interesting !

  • Comment number 26.

    :o) We WON!

  • Comment number 27.

    Ashes to Ashes
    Yes, sadly many good and talented people have passed away recently. Newsnight If i recall has already given mention to the passing of some of these good folk. A bass player of some note also died this week. He once did a cover version of Bowies ashes to ashes.. coincidently
    His name was Mick Karn and here is a link (that ain't ashes to ashes)..its some 80s band called Japan on the Old Grey Whistle Test. RIP Mr Karn.



    I understand you had an Australian Comic on talking about a competition regarding cricket..was he any good?
    A non-cricket joke for yer:
    Ive got something to tell you all, but its very difficult for me to say,
    Ken Dodds dads dogs dead!

  • Comment number 28.

    Thanks Paul for your analysis of EuroLand - too big to fail?

    The risks to us here of UK banks being dragged down by their lending to EuroLand seem very real - and the situation with the dollar where countries like Brazil are getting restive about exchange rates plus the rising Chinese balance of payments surplus seems to me to point to real risks to the global financial system as well.

    Hopes in the US, UK & EuroLand that growth and jobs can happen organically seem to me to be very optimistic - too much damage has been done to the manufacturing base in most countries, with Germany being the notable exception.

    For me the issue is will governments sit back and wait for the trainwreck or whether they take concerted action - and if so, what?

    Globalised trade is at the heart of the problem and given the choice of a meltdown in N. America and in Europe, I'd say these economies will close ranks and put import tarriffs in place rather than see their currencies and economies implode.

    For the Chinese Communist Party, this would precipitate massive civil unrest that would threaten their monopoly of power, so they would need to divert attention - the traditional dictatorship solution has usually been to go to war - but who with?

    Meanwhile in the UK we sit outside the Euro, but are fundamentally exposed to its risks through our trade and banking links, but as a separate currency able to "wiggle" against the Euro. If as many suspect the coalition's plans for growth fail and we dip back into recession and go down a similar path the Irish underwent through their austerity plan, then we will be VERY exposed indeed if your predictions for EuroLand come to pass.

    We could well see a "Churchill Moment" - when the crisis come on us so suddenly and so profoundly that the nation turns against Cameron & Clegg so dramatically that they are hounded out of government by their own supporters, as Neville Chamberlain was having deluded himself that his policies were working - look at the vitriol heaped on the Irish government when the banking and financial system in Eire went off a cliff.

    Who will play the role of Churchill?

    We need a centre-left politician with the credibility to lead a new government - will this be Ed Milliband, or is someone else going to step up to the plate? Churchill's credentials for the job were his longstanding criticism of the government and his advocacy of a very different policy from Neville Chamberlain's appeasement - I don't hear anyone offering an alternative vision today.

    Pressure needs to be put on the opposition to explain what the alternative vision is - and this needs to go well beyond marginal changes in the level and pace of public spending cuts - we cannot grow our way out of the problem, neither can we cut our way out - we must move decisively to alter the root causes of our economy's problems - and they centre around trade imbalances, lack of investment in industry and too few "real" jobs in the UK.

    If there is another massive UK banking crisis caused by the EuroLand debt mountain, this will be the opportunity to step in and completely recast our financial system to end the greed culture and direct investment into UK PLC to replace globalised, offshore manfacturing with a sustainable model that will deliver the jobs and end the need to borrow to fund our trade gap, reduce the welfare bill and replenish the coffers to fund public spending.

    Cameron's increasingly desperate dashes abroad to try and cobble together ways to increase UK exports and hold the banking system together will be very reminiscent of Neville Chamberlain's strategy of shuttle diplomacy to try and stave off the gathering storm clouds in Europe, but his unwillingness to recognise that there is no free market solution to the problem leaves him in the same corner as Chamberlain painted himself into by ruling out confronting the dictators: Cameron is in effect appeasing the "economic war" that the Chinese Communist Party has started with the developed economies - it won't work.

  • Comment number 29.

    INCREDIBLE DAVE

    Our Grate (sic) Leader says the whole country is incredibly proud, regarding the latest Cricket result. He also keeps declaring the whole country is proud of mercenary, destructive adventurers 'doing the job they love'. ("The best of the best".)

    I have good reason to believe his claims are INCREDIBLE and that his over-employment of that term has a 'Freudian' quality.

    INCREDIBLE: 'So implausible as to elicit disbelief'. Nuff sed.

  • Comment number 30.

    "WE NEED A CENTRE-LEFT POLITICIAN" (#28)

    Surely that phraseology is to enshrine the old party politics of Westminster.

    Have they not failed us?

    You know my reasoning: we need wisdom and integrity.

    SPOILPARTYGAMES.


  • Comment number 31.

    1. centralised distribution for the public good? no no no. The market is the only one with the knowledge to judge what is 'best'? If people happen to die then that is what the market thinks is best?

    2. Opportunists printing stolen secrets in a forced non consensual disclosure that places lives at risk and leaves people damaged shares some of the same characteristics as 'rape'? yet some people praise it?

    3 Was that a Wimmin mud fight?

  • Comment number 32.

    We witnessed the nadir of Kirsty and by implication, NN last night.

    First, she asks Christine Lagarde a pre-prepared list of questions with no querying of Ms. Lagarde's responses - something which the latter found increasingly bizarre.

    She then talks at a somewhat dishevelled Paul Mason who stumbles his way through an old story complete with unexplained and incomplete graphs.

    On reflection, it would have been preferrable for Paul to interview the French finance minister as I am sure, even in his discomfited state, he would not have let her off the hook on some of the issues.

    Then we have the rape anonymity cat fight; a rapid descent into a rabble, with Kirsty finding it difficult to avoid dissing Ms. Wolf. And if this is the quality of Torymiss we now have, strewth!

    What eventually appeared was the semblance of a discussion, no doubt based on Kirsty's assertion that "Excuse me, I have actually read the article!"

    However, this had to be summarily curtailed by Kirsty as we had to be subjected to some piffle dragged together by ITMA Smith on the cricket.

    This dog's breakfast of what is supposed to be a current affairs programme surely must have registered with the production team as an arrant disaster; or maybe that's how the 成人快手 like it these days.

    Populist, lazy, cobbled together pieces are not what the 成人快手 are supposed to produce as journalism or current affairs, but sadly the perception that everything needs to look and sound like Sky seems to prevail.

    Once upon a time, the current content of 成人快手4 and 成人快手3 would fit snugly into the schedules of 成人快手2 and 成人快手1 respectively.

    Now, instead of channels bursting with quality we have everything spread far too thin.

    And as for Bill and Sian on Breakfast - Reith would have fired them from the nearest howitzer.

    Must do better!

  • Comment number 33.

    CHRISTINE LAGARDE (#32)

    Finance is not my forte - people are. I have never seen Madame Sauve look so apprehensive and defensive. Christine Rearguard! When she invoked threat of intra-European war, as the CURRENT raison d鈥櫭猼re of the EU project, I was moved to cry: "fool or knave".

    Sarkosy is talking like a street kid and Lagarde fluttering like a leaf about to fall. I'd say panic is in the air.

  • Comment number 34.

    This comment was removed because the moderators found it broke the house rules. Explain.

  • Comment number 35.

    30

    Didn't like Churchill one bit - but he was definitely the right man to take on Hitler - but he lost the election at the end of the war because no one wanted him in peacetime.

    Cometh the hour, cometh the man (or woman...) ?

    It's certainly true that whover you vote for the "government" gets in, but whilst I agree with you that wisdom and integrity are vital, my view is that a committed libertarian - i.e. virtually all of the main parties' front benches - cannot address the fundamental issues because to do so would mean recanting on their core beliefs.

    The market simply does not have answers - only society through the state can begin to solve the problems, working with other nations.

    Leadership is essential.

    SO WHO?

  • Comment number 36.

    INTEGRITY X-FACTOR (#35)

    let's trick the dumb public into watching AND VOTING in a TV talent show that is ACTUALLY intended to choose some - currently hidden - 'social giant' (plus some extras) who will set up a sort of alternative government (like a rival court, in equally feudal times). Once it could be seen how different the policies and utterances of the New Camelot were, Westminster would be forced to yield.

    Needless to say, Westminster would FIRST lock up 'Camelot' under Terror Law; then the fun would REALLY start.

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