. >> 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. >> at union bank, we work to nurture new ventures. we offer expertise and tailored solutions in a wide-range of industries.

what can we do for you? >> and now, "bbc world news." >> bail out day for greece. all the elements for a deal are in place. >> hard-pressed greece are wanting last-minute guarantees that greek loans will become greek actions. >> hello, and welcome to "g.m. c.." thention over the country's nuclear program. one step closer to ridding the world of polio. how immunization is working in

india. >> it is midday here in london. early morning in washington. it is 1:00 in the afternoon in brussels where a sec bail out with greece looks all but certain to be greed. the french finance minister has said as much. greece will run out of money. once the deal is done, then what? greece is now in its fifth straight year of recession. the tough austerity package it has been forced to adopt between the euro-zone and the i.m.f. will make it more difficult to engineer a recovery. >> the country is sinking deeper into recession. it hopes it will be released by the euro-zone meeting in brussels later today. >> it can't wait anymore.

important structural reforms are ongoing. they will have to continue. but the political commitments are made. it can't wait any longer. in march, greece has financial deadlines and it is a country that could go bankrupt. this is a crucial moment for greece as it teeters toward the edge. at stake is the country's $130 billion euro-bail out. a 70% reduction is likely. the aim is to cut the country's debt to a more sustainable level. greece may be edging toward a bail out, but the fear is, it won't be enough to save the country. the recession here is deeper than previously thought. yet another i injection of cash might be needed to prop up the flailing economy. for now at least no one in europe seems willing to pay. >> and that as the worry here, that for all the pain, it simply

won't be enough. greeks are stretched perhaps to breaking point. >> i don't see life on the horizon. unfortunately no matter how many loans we receive, if we do not start producing something to be able to stand on our own two feet, we will never be able to have recovery in greece. >> even if they cut all pension, all benefits from the unemployed and everyone, the problem will not be solved. it is a dead end. the worst riot in years in athens as congress passed the austerity package. how much more can people here take? will europe simply feel that it is time to cut this debt-stricken country loose? >> our correspondent is in brussels where euro-members are starting to arrive. the french finance minister says all elements are in place. is there any chance there might be last-minute hitches in this?

or is it more or less a done deal? >> it looks like a done deal, but the deal is not done until it is done. the greek finance minister was talking about technical problems being ironed out. the finance minister exyou'ding optimism but saying the deal isn't done. technical matters. all the signs are that the other euro-zone countries will come up with the deal, because the choice is so stark. greece has to repay something like 14 euro-s on march 20. if it does not get a deal, there will be a default, and faced with that, the german finance ministry in particular, has, it seems anyway, decided we're not going to let that happen. therefore the money will be forthcoming. but it is not certain until it is done. see we are all focused naturally enough on this deal, will it get signed and so on.

there is a much bigger problem waiting after wards. the country, greece, has then got to lift itself out of five years of recession. >> absolutely. we're talking about one deal over one tranch of money that gets greece out of one problems. all the sentiment is it draws a line under the whole thing that the crisis somehow goes away. greece is in recession. other countries in the euro-zone may well be in recession. other countries in europe may well be in recession. german growth will be about half a percent this year. when countries are shrinking, their tax revenues are shrinking. that means that the problem gets worse, if you like. you crunch the numbers for the situation now, and you think you have the answer, but the numbers change. the state of the economy does not go away whatever is decided here in brussels today.

>> steve, thank you very much. >> let's take a look at some of the other stories making headlines around the world today. experts have arrived in iran hoping they will get answers to whether iran has a nuclear weapons program, something iran has denied. western diplomats told journalists that iran seemed to be expanding an underground site . the head of this team that went in said the whole process could take time. he doesn't sound very hopeful. he doesn't have that much time, does he? >> he doesn't. he's not going to get all the answers he wants in 48 hours. i think the iaea wants to start a dialogue with iran. it says it hasn't got the answers it wants. it now has two visits in the last three weeks. we will hear on march 5 exactly what they found on this trip. >> they have had a previous trip

in january, haven't they? and they said that was positive. >> they didn't quite go as far as being positive. they said they are looking forward to another trip as well. >> and there were reports after wards that suggested they perhaps didn't get all the people they wanted to see. in other words, they didn't jump into a four-by-four and go gallavanting off to see iran's nuclear facilities as well. this was talks. >> and then with this program going on, with all the limitations you suggest in tehran could take time. on the other hand, you have people saying this process is not credible. we need to think of something else. >> that's led by the prime minister benjamin netanyahu who suggested last week that sanctions are not working. the defense hosni mubarak says iran may enter into a zone of immunity.

but the head of -- the united states said, repeated time and time again that it does not believe iran has decided to make lts actual weapons. >> thank you very much. >> the one company where news about iran's nuclear program will receive maximum attention is israel. rurems about a possible israeli strike on iranian nuclear installations have triggered a flurry of diplomatic activity. a delegation headed by u.s. national security advisor is currently in israel. later this week the director of national intelligence is expected to reinforce the message. joining me now live from tel aviv is emily landaeau from national security studies. what is your view on this latest

inspection? do you think it is a credible process? >> well, i think we need more details about what transpired in the last meeting and this current meeting. if you are returning to the iaea meeting. >> yes, i am. >> with iranian officials. we have to see what comes of it. i think it is a somewhat positive sign that iran agreed to host them this time. it was very clear that these i.a. officials were coming to talk about suspicion about iran's military activities in the nuclear relevant many. -- nuclear rehlm. however, it depends on what transpired. >> just for the moment, you are willing to give the process the benefit of the doubt? >> i would say that right now, i

think what is more important than the inspections is the fact that decisions have been made on the harshest economic sanctions that could be placed on iran. whether it is the u.s. decision to target the central bank, the e.u. decision to put in place an embargo on iranian oil, these are the types of crippling sanctions that have been called for for at least two to three years now. finally a decision has been made in january. i think it would be wise to give a little bit more time to see what happens with these sanctions. i think iran is showing signs of pressure right now. >> sorry to interrupt you. how much more time? i am interested that you think that the sanctions process is working. you describe them just now as "crippling." as you well know, not everybody in your country thinks that.

>> i think what you are hearing from my country is frustration with an almost 10-year long process that has not succeeded in stopping iran's nuclear process. so what you are hearing is more that frustration than clear statements of sanctions are not working or can't work. in any case, the role of sanctions is to get iran to be serious about a negotiation. the real proof would come from a serious negotiation with iran. i think it is very important to understand the responsibility for stopping iran in the nuclear relm lies with the permanent members of the security council. they are the ones with the mandate to deal with iran's noncompliance, according to the nuclear nonproliferation treaty. this is a global issue and it is a global threat coming from iran. >> emily landaeu, thank you very

much for being with us on "gmc." go to our web site and we have put together some key questions and answers about the current standoff between iran and other countries. go to bbc/news. >> consumer of the world's most ancient and crippling diseases is one step closer to being eradicated. about 170 million children in india have been immunized against polio and there has not been a single case of the disease there since january 2011. here is fergus wolf in deli. >> behind me here is one of thousands of booths set up across dehli where the aim across the country is to immunize 170 million children under the age of 5.

if i can get in, you can see what it involves. you can see that the children are going to get two drops of orled vaccine. there they go in. then they will get their finger marked to show that they have received the vaccine with that purple pen. that is indelible ink. then they will get a toy and stickers. this is taking place across india. the aim is to protect them against the polio virus. you notice the people doing the vaccination there are wearing yellow t-shirts. they are members of reetri clubs from -- rotary clubs. they come here to give out the vaccine. they have been doing that, many of them, four or five times. this disease can be eradicated because it needs a human host, the human body to survive. it can only survive outside for a brief time in contaminated sewage. that's why immunization is so

important. if enough people are protected, it will be wiped out. there is a problem, neighboring pakistan, along with afghanistan and nigeria, all saw an increase in polio cases last year. there is a danger that the virus could reinfect india. there is a choice now. we're at a crossroads. the world could eradicate polio. it would be an enormous achievement. the first human infectious disease to be eradicated since smallpox in the late 1970's, or we could see a dangerous resurgence of this virus, which would mean future generations in india would be at risk. >> fergus wolf there in dehli. >> still to come, more deaths in a mexican jail. a brawl killed dozens of inmates. >> it is a time for our look at headlines from newspapers around

the world. this is the front page of the "financial times." huge protests in greece against austerity measures. the euro-zone is looking to pare back the $170 billion cost of the rescue package. >> moving on to more protests. this time in spain. this says the newly elected conservative government had its first taste of civil unrest. the international herald tribune analyzes the effect of iran's decision to cut off oil exports to britain and france. it says iran's intention may be to divide the e.u. over sanctions in iran. >> small companies should have the ability to fire workers. that is a point made by conservative entities arguing the move will make britain more competitive.

>> this is "gmt" from bbc world news. the headlines. as protests continue, e.u. finance ministers in brussels look set to approve another multimillion dollar bail out from greece. >> experts from the international aatomic energy agency have arrived in tehran for talks with officials about whether or not the country is, in fact, developing nuclear weapons, a claim iran has denied. >> time now to catch up on the business news. jamie is here. why don't we start with japan. this massive trading nation over decades. it is a record trade deficit. >> yes. it is a pretty bad one. exports coming down, imports coming up. this has create aid massive debt, $19 million or so. on the export side, one of the

biggest reasons is a victim not so much of its success but the failure of the economies, for instance, the dollar. and also the euro seemed week as well. the yen has strengthened, but you have a -- up until now, you have had a global economy which has been slowing down. that has been bad for exporters. however, there is the import side. this has very much to do with the tsunami last year and the closing down of all those nuclear reactors. they have to import all that energy. this is what our correspondent in tokyo said about it. >> the nuclear crisis in fukushima and safety fears means that almost all of the country's nuclear reactors are off line. to generate enough electricity to keep the lights on, japan is turning more and more to natural gas and oil. and of course in this energy poor country, gas and oil are imported.

>> natural gas imports went up 74%. that shows the kind of problem they are having in terms of imports. >> and also the energy demand, if you like. and oil, iran has sort of got in its attack first. he decided it is going to cut its exports to britain and france. >> it sounds quite dramatic. in fact, the effect is rather sort of -- the cause is enormous. it is not going to make much difference. people will be scaling back in iran because we know we are bringing in sanctions against iran. we know that's what trade is going to be drawn up. >> actually today it has not made much of an effect. >> there are bigger things going on in terms of the oil market. in terms of iran. iran switching its sales largely to china. but china doesn't do -- will push down its price, which it buys from iran. iran is not going to get an easy

ride there. however, we do have this whole -- we were talking about this earlier. the global economy has slowed down. we are seeing it now beginning to get going again, particularly america, and that is pushing the price up. this is what julian lee, center of -- for global energy, said. >> we saw it earlier this week when there was an announcement that they had suspended sales to six european countries. prices jumped by about 2%. and then the ministry denied it. i think this is all part of the process. they are very happy to keep this uncertainty going, keep markets nervous, keep prices high and rising and reeping the -- reaping the benefits. >> all right, jamie, thank you for that jump date. >> thank you. >> now at least 24 people have died in a prison riot in mexico. security members said members of

rival drug cartels confronted each other with stones and homemade weapons in the jail north of the city of monterrey. an investigation is underway to establish if some of the prison guards concluded in the fight by unlocking the doors separating the wings of the prison. >> once again, mexico's jails in the spotlight for all the wrong reasons. a fight was started in which dozens were killed. there is speculation in which there may have been involvement by some of the guards. the two groups should have been kept in separate wings. over-crowding a serious issue. 3,000 inmates inside a facility built for 1,500. outside the prison gates desperate family members waited for news. [speaking spanish] >> we want them to listen to us. there are many family members

here, and there are many more innocent prisoners inside that are injured. we need ambulances. we want the governor to listen to us, but they are not listening. [sirens] >> the authorities eventually took back control of the building by force. as the hours of past, the number of dead continued to rise. this is the second major prison riot in northern mexico in a month. it also comes days after a horrific fire in a jail in honduras. in that ballets -- blaze more than 350 people men were killed as they were trapped in their cells as fire swept through the building. there is still no information as to how the fire started, but electrical fault has been suggested by the government. as in honduras, mexico is looking hard at the way its prisons are run and the way its prisoners are treated. many victims' families are

skeptical if such soul searching will ever result in real reform. will grant, bbc news, mexico city. >> now, south korea has conducted live military drills from five islands near its disputed sea boundary in north korea. they threatened retaliatory action if any shells landed on its land they claim as its own. the military drills ended after two hours. >> it is now two months since devastating floods have killed more than a thousand people in the southern philippines. officials admit deforestation was the cause of much of the destruction. and the government said it has renewed efforts to prohibit more being consult down. -- cut down. our report from one of the most affected areas.

>> two months after logging -- it is now two months since the devastating floods that hit the southern philippines, killing more than 1,000 people and leaving many more homeless. in total, more than 1,000 people died when the tropical storm hit in december. they cut trees smashed into people's homes. the president has banned all logging in the philippines. it depends on where you live as to how strictly it is enforced. down here they saw the brunt of the destruction and the floods. it is now impossible to get a

permit to log. here it is much easier. with an armed he is court we traveled up river into the mountains. rebel groups are here, and the central government's ability to enforce the law is weak. villages spoke openly about their dependence on illegal logging. this woman says she sees big companies logging anyway. what her community is doing is only small scale. he says he's got to support his family. he has no other choice but to keep cutting down trees. so the logging continues. this con assignment is only taught because the vehicle was involved in a traffic accident -- this con assignment was caught because the vehicle was involved in a traffic accident.

the police are doing their best, but for local campaigners, that is still not good enough. >> you know in the philippines, we have very good laws, but the problem is the implementation. >> many involved in the floods, they are now living in temporary camps. for them, life changed overnight. stopping the loggers is going to take much longer. kate mcgowan, southern philippines. >> and let me give you a reminder of our top story on "gmt." european ministers will gather in brussels for a bail out discussion for greece. the greek finance minister has said he expects haggling over the deal to go on until the very last moment. i assure you people are gathering there. stay with us on "bbc world news." there is plenty more to come.

>> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in. working to nurture new ventures and help provide capital for key strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you?

>> "bbc world news" was presented by kcet los angeles.