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Live. Saving the Euro, a

crucial meeting in Brussels to solve the Eurozone's debt

crisis. It's not simply to

save the Euro. It's to

safeguard the ideals we cherish

expected at international so much in Europe. Delays

airports, as Customs officers walk off the job for a walk off the job for a day. The

to Prime Minister urge s Sri Lanka

to address allegations of human rights abuses. These are

hearsay, mere allegations. We

also want to ask that nobody

went through for 30 spoke of suffering Sri Lankans

years. After yesterday's giant killing win, Samantha Stosur

loses her next round at the WTA Championship in Turkey. Good morning. It's Thursday, 27

October. I'm Virginia Trioli.

This is our top story on ABC News today. Eurozone News today. Eurozone leaders

are in crucial talks aimed at are in crucial talks aimed

solving the region's crippling

debt crisis. Leaders have

reached an in-principle deal to

increase the region's rescue

fund and to recapitalise

Europe's banks. Our Europe correspondent Philip Williams

has more. After 14 previous meetings, this was billed as

where the really tough the summit to end all summits,

decisions to stop the Euro rot

were finally made. We're to

take decisions to end the uncertainty and the crisis,

turn the page and make sure we

make a big step forward for the

better future and prosperity

and security of our peoples in

there was a shortage of Europe. It's not as though

pressure. Much of it focused

on the economically powerful

Germans. Chancellor Angela Merkel succeeded in getting Merkel succeeded in getting her

Parliament to approve an

extension of the already

announced 440 billion Euro Financial Stability Fund. Our economic and monetary must pass the severe test and economic and monetary union

emerge from it stronger in the

long term. I think we all know

that this is the greatest test

that the economic and monetary union has faced. Italian Prime

Minister Silvio Berlusconi is

also feeling the heat. Both Germany and France are demanding a letter from the

beleaguered leader spelling out

Italy's plan to cut its Italy's plan to cut its massive

debt, including increasing the

pension age to 67, a move that threatened his coalition

government. What government. What everyone

wants is effective action to

end these multiple crises.

Everybody who recognises that

the present situation is not sustainable, that you've sustainable, that you've either

got to go forward or you're

going to go backward, but you can't stay here. European

of a huge bailout fund, leaders created the expectation

recapitalisation of the banks

damaged by a massive write-off

of Greek debt. That at least appears to have been agreed on.

But the talk is not of an But the talk is not of

ordeal to end the crisis. The

problem is anything less is an

open invitation to the markets

to take matters into their own hands. Back home, and the Prime Minister, Julia Gillard, has

urged Sri Lanka's President to address allegations of human

rights abuses committed during the long-running civil war the long-running civil war in

Minister his country. The Prime

Rajapaksa in Perth ahead of the Minister met President Mahinda

Commonwealth Heads of

Government Meeting. The PM has

met him there. For more

details, George Roberts joins

us now from Canberra. George,

was this meeting very tense?

Do we know if it got a little bit tough between the two?

Well, that's unlikely. When

governments raise these issues

with each other, they're

normally quite delicate in the normally quite delicate in

way that they do raise them.

From the wording, we know that

Julia Gillard used expressing Australia's concern and urging Sri Lanka to deal with these allegations

allegations of a human rights

abuses, it tiptoes along the same line the Australian

Government uses with other

countries, such as China. We

have had a response as well from Mahinda Rajapaksa's

spokesman. He's said that the

country is committed to addressing human

addressing human rights issues,

but he also went on to say that

these allegations these allegations against Sri Lanka by the Tamil community

and, indeed, the allegations

against President Rajapaksa himself, he's himself, he's described those

as mere hearsay and just

allegations. He says that

they're only reports and he's

also accused the Tamil Tigers

of using millions or billions

of dollars over seas to fund a

smear campaign against the Sri Lankan Government. Here's a

little bit of what he had to

say. These are hearsays, mere

allegations. But we have ended

30 years of terror and we also

of the suffering want to ask that nobody spoke

of the suffering the Sri

Lankans went through for 30

years. My President and then

the Sri Lankans are aware of

it. We also want to ask the

question why this sudden

interest? Take CHOGM, there

was a clear campaign which also

the President told your Prime

Minister about in Australia and

other countries, how they

campaign with their funds. What's happening funds. What's happening at

CHOGM today, George? Well, the

Prime Minister's got more

high-level meetings with other

leaders from around the world. She's meeting She's meeting with the

President of Malaysia. She's also meeting with also meeting with the Prime

Ministers of - the President of Mozambique, the Prime Minister of Malaysia and of Malaysia and the Prime

Minister of Canada. There are some ministers of African countries, some foreign ministers from ministers from African

countries, having breakout

meetings as well, as well as a meetings as well, as well as

breakfast this morning. There

will be a press will be a press conference

later on today to outline a few

things. No doubt we will learn

a bit more of what the

discussion is likely to be

framed around. We heard some of that yesterday from the secretary general of the

Commonwealth, or of CHOGM, rather, and also from the

Foreign Minister, Kevin Rudd.

So a few more meetings and no doubt we'll get a trickle of

information out through the information out through the day

about what was said in those

meetings. Another one of the

interesting meetings that Julia

Gillard has today is also a meeting with the head of the

European Commission. So just

in light of the issues going on in Europe at the moment, it

will be interesting to see what comes out of that meeting comes out of that meeting as

well. Thanks so much for that, George. International

passengers are going to endure

more delays today more delays today after Australian Customs officers

walked off the job.

Representatives from both sides

of this argument have told ABC News Breakfast earlier this morning that the staff have

simple demands, but Customs is saying they've got contingency

plans to deal with the action.

There's a 9% pay offer at the

moment. That's been rejected

by Customs staff and other Federal Government employees

who are concerned that makes

them sit behind inflation.

It's a reasonable expectation

that people's real wages

shouldn't decline and these

staff are frustrated that they

have been negotiating for

months and are not - have months and are not - have not

yet seen a breakthrough in

those negotiations. Ahead of the opening of CHOGM tomorrow,

there are several dignitaries

arriving today, so that's been our

our main focus for the week.

We're also worried about Sydney

and Melbourne, although, as I

say, we have very well-planned contingency arrangements in

place and a call around our airports this morning has

assured me those contingency

arrangements seem to be working

very well. Jan doorington from

Customs and also Nadine Flood

from CPSU earlier. Nick Dole

joins us now from Sydney

Airport. What's been the

experience of passengers there

this morning? Good morning,

verge earna. We're just coming to the peak period to the peak period for

departures here at Sydney

Airport. There are a lot Airport. There are a lot of people arriving here at people arriving here at the departure lounges. I was departure lounges. I was just speaking to a limo driver who

said he dropped off said he dropped off Stevie Wonder's bag. Even he will be

caught up in this. At this

stage things seem to be going

well. Earlier was the arrivals

peak in the early morning and

many of the people we spoke to

said that they'd been warned

that there was a Customs

strike, some of the cabin group

got on the PAs on the flights

and told people to expect

delays. When they got to the

gates, things moved very

smoothly. Let's hear about

some of their experiences.

Look, 5 past 6 and we were

already out, screened and

everything. I heard what they

said on the plane, but I don't

know anything else. There

weren't any major delays back

there? No, no delays, it there? No, no delays, it was

good. It was all right.

Flying very smoothly, no

disruption at all that I can

see. Very happy customers there, the contingency plans

that Customs is telling us they

have in place seem to be

working, but do you reckon they

might be able to stand at all

those arpts across the country that will be affected by this

action? It's difficult to tell. Obviously their priorities were for Sydney,

Melbourne and Perth. Perth of

course has CHOGM and it's one

of the airports, along of the airports, along with

Melbourne and Sydney, having

24-hour stoppages. There 24-hour stoppages. There will be two-hour stoppages at pretty

much all the other major domestic domestic and international

airports in Australia. But at this stage it seems like things

are going pretty well. The

union said that some of the

contingency plans included staff from other parts of staff from other parts of the

operation being bussed in to

perform these duties. The

union says they may not be able

to do it as fast as normal

Customs officers. It Customs officers. It seems things are going pretty well. The most important thing is anyone particularly dangerous,

all the important checks will

at least be performed, so no security risks will eventuate. Nick Dole, thanks so much. Thanks, Virginia. In

other news today, there's been

flooding at Bangkok's Royal palace and emerald palace and emerald Buddha temple. Floodwater has also

enters ered Bangkok's second

airport, forcing thousands of

people to relocate. This is

the second time that the second time that people have had to flee that building.

A previous emergency shelter at a university was also inundated. Radical inundated. Radical Muslim cleric Abu Bakar Bashir has had

his jail sentence cut from 15

years to nine by an Indonesian

court. Bashir was gaoled in

June after being convicted of

funding a terrorist group. No

reason has been given by the

court for the reduction. Libya's interim

government has asked NATO to extend its mission until the end of the end of the year. The National Transitional Council says Transitional Council says it needs help to control surplus

weapons and to deal with Gaddafi loyalists. Gaddafi loyalists. Meanwhile,

Moammar Gaddafi's fugitive son Save

Save al-Islam is Save al-Islam is reportedly trying to negotiate a deal to surrender to the International

Criminal Court in the Hague. At

least nine people least nine people are dead after flash flooding and

torrential rain lashed parts of

Italy: another six people are

missing. Bridges have been

swept away and villages have been

been hit by mud slides. Up to

500mm of rain has fallen across

Italy in just a few hours.

Staying overseas, a coroner

says the death of singer says the death of singer Amy Winehouse was caused Winehouse was caused by too

much alcohol. An inquest heard

the 27-year-old was more the 27-year-old was more than

five times the legal drink drive limit. She was found

dead at her home in north

London in July. A London in July. A verdict of

death by mis adventure was

handed down. Victoria is

getting tough on puppy farms,

as part of a crackdown on

animal cruelty by the Baillieu

Government in that State. The

State's introduced huge State's introduced huge new fines, jail terms and approved unprecedented powers to unprecedented powers to shut down illegal operations. The

Victorian Minister for

Agriculture, Peter Walsh, says the new laws will make it

easier for local councils to deal with rogue traders. Victoria will have the toughest rules around

toughest rules around puppy farms, but we think that's appropriate. It's about

responsible pet ownership, it's

about the supply of dogs, the

number of dogs that end up

number of dogs that end up in

pounds. A dog is for life, no

the for Christmas, and the for Christmas, and you've

got to make sure we have the appropriate rules around this. There's

There's a lot of money There's a lot of money spent enforcing these particular

rules. The key issue we've

changed, it hasn't been talked

about much, the definition

around a puppy farm.

Previously local government had

to prove the puppy farm was run

for profit, which sometimes for profit, which sometimes was very difficult. We've changed

the rules that if a puppy is

sold out of a puppy farm, it

therefore comes under the

definition of puppy farm and

needs to be registered. needs to be registered. We've lowered the number of breeding

animals from ten to three, so

we have very good rules around

this. It's about animal

welfare, about how animals are

treated for the rest of their life. life. These changes,

particularly around the

definition of sale or profit,

give local government now the

power to do that. Previously

they'd go and inspect and

they'd make sure farms were registered appropriately, but

if they had to prove this issue

of profit, so once you take

away the issue of profit and

just the sale of those dogs and

the fact that those dogs need

to be microchiped or part of

the advertisement for the sale

of those dogs needs to include

the registration number of that particular breeding

establishments, you get good traceability and public

awareness of where those dogs come from. Some of the country's biggest breweries

have been battling it out with

local craft producers in

Brisbane for the title of

Australia's best beer. With a

record number of entries this

year, it was thirsty work for

the nation's top beer judges,

but they had a bit to drink. Lauren

Lauren Day reports. Going for

gold in the battle of the

brews. More than 50 beers vied

for the title of top drop. for the title of top drop. The

judges begin by looking at appearance. Drinking the beer

effectively for their eyes when they

they start, so they're looking

for the colour, the way in which the beer laces. They then examine everything from aroma

to drinkability, finding flavours flavours you might never think

were possible in your favourite bench. It's got lots of

bananas - banana aromas, we

have a little musk, smoky

bacon, and we've even had

cloves. How do you land the

dream judging job? It's years

and years of painstaking work

and training. The right

coloured ribbon can mean a lot

for the winning brewer.

Whether it was $1,000 or

$10,000, the publicity generated was really positive

for us. Sales immediately went

up. But the beer business isn't

going so well for everyone,

with sales flat across the

country. Beer con owe

certificates say the brew now

rivals wine in terms of variety

and quality and while beer consumption is down consumption is down in Australia, they say

appreciation is growing.

There's just one There's just one important

difference between the amber

ale and plonk. I just don't

think you need to wear a cravat

to drink it. This year's prize

went to a pale ale went to a pale ale from NSW. Let's look at the NSW. Let's look at the top

stories this morning. European

Union leaders have reached an agreement on strengthening the

region's banks after talks in

Brussels. The leaders agreed banks should meet higher standards of financial

propriety. Discussions on other measures to establish

financial stability are continuing among the 17

countries that use the Euro.

There are more delays for

international passengers around Australia today. Customs

officers in Sydney, Melbourne

and Perth have walked off the

job for 24 hours. Talks on an enterprise agreement resume

today. And Prime Minister

Julia Gillard has urged the Sri

Lankan President to address allegations of human rights

abuses committed during the

civil war. The Prime civil war. The Prime Minister underlined Australia's view in Perth at the Commonwealth Heads of Government Meeting. Sri

Lanka will host this event in two years time, but Ms Gillard

says there are no plans to change the venue. Red tape,

taxes and complacency have been identified as a serious identified as a serious threat

to Australia's future

prosperity. At the

Commonwealth business forum held

held in Perth yesterday,

billionaire mining magnate

billionaire mining magnate Gina

Rinehart warned not to take the country's current economic

fortune for granted. Michael

Troy reports. Between them, Troy reports. Between them, the

three business leaders on stage

represent a sizeable slice of

the country's mining, retail

and energy sectors. Australia's richest person,

mining magnate Gina mining magnate Gina Rinehart, warned we were in a current good good fortune-induced

complacency and concerns about new taxes as well as excessive

red tape had hundreds of West

Australian resource companies

already looking to develop

projects in places like Africa. They are not telling us we

will be facing if we invest in their countries

their countries 3,104 or more

permits and approvals to start

new mining projects with new, valuable infrastructure,

compliance costs, carbon taxes,

MRRT and the great risk of a

shortage of labour. Wesfarmers'

Richard Goyder agreed about Richard Goyder agreed about the

need to reduce red tape. On on

the carbon tax, he said it was inevitable and the company's

approach had been to deal with

it as best it could, it as best it could, with refrigeration and Coles be the

biggest CO2 emitter We're doing

a lot of work to a lot of work to reduce

emissions and financial cost,

which will be a good thing, of course. With liquified natural gas emerging as a cleaner energy source, Woodside petroleum chief executive petroleum chief executive said

demand for LNG in India demand for LNG in India and

China could rise sixfold by

2025. Here we have perfect

symmetry, Asia with its growing

demand for LNG and Australia

with its supply capacity,

improvement ability to meet improvement ability to meet the reliability needs of customers

in the region. Delegates were left with a more left with a more sobering

message, in that a bright

future wasn't guaranteed if

Australia couldn't deliver

these goods and services competitively. Michael Troy

with that report. To finance news, and National Australia

Bank has recorded a record full-year profit of $5.2

billion. That's an increase of

almost 24% on last year. Cash

profit was also up 19%. Strong

gains in the personal mortgage market made up a large

proportion of the profit

increase. NAB says its

customer satisfaction levels

are now at a 15-year high. To

the markets, the Dow has closed

trading 162 points higher. The

Nazdaq has managed to put on

points 12. S&P 500 has finished 16

points higher. And in London,

the FTSE has closed 28 points up as well: The

For four decades it lay

neglected in a filing cabinet

in Staffordshire England, but

now a letter written two centuries ago by the British

naval commander lord Nelson has

been dusted down and put up for auction. The BBC's Clare Marshal reports. Marshal reports. This statue

looks down on a land that

honours him, not merely as the

winner of a battle, but as the

as the creator of a Navy

... Nelson's victory at

Trafalgar was one of the

greatest triumphs in British

naval history. Collectors have

hands on anything always wanted to get their

hands on anything connected with him. This letter is Nelson in a very frustrated Nelson

frame of mind. Now this letter

is up for sale. It is up for sale. It was

addressed to Mark berry's

distant grandfather. The

admiral is coming to terms with losing his right arm. mention him sitting there with losing his right arm. They

quill, keep dipping in the ink box and the difficulties of

writing. Of course with this writing, his right hand was

to write this. He probably useless, he must have struggled

didn't get that done in one

day. Who knew how relevant his words would be - frustration

200 years ago at lack of government funding. I'm forced

to confess that our government

keep us from putting our hand

in the public chest. It's 1799, soon after the soon after the successful

blockade of Naples. He's desperate for news of the armies, but write s: This handwritten piece This handwritten piece of

history is one of 100s of lots

being auctioned off tomorrow. It has Nelson at the heart of

its way into an the letter. I hope it finds

its way into an institution, museum or serious museum or serious private

collection. How much is paid, this is a priceless this is a priceless insight

into an admiral's exasperation

at defence spending. A really

important document. So Paul important document. So

Kennedy joins us now for a look

at sport. Yesterday, Paul, it

Stosur. What the heck was a great win by Samantha

beat her up, basically, 6-2, happened? Victoria az ranka

6-2 the score. Stosur overcame

one of her hardest rivals to beat Maria Sharapova yesterday,

but Azarenka was a bigger hill

to climb this morning to climb this morning because

she hasn't been beaten her in

five outings. She'll have to

wait until another opportunity

maybe down the track. This is a tournament that is a round-robin competition, Stosur

is still in it, she'll have a

break now. I spoke to her morning about her match. I break now. I spoke to her this

just didn't really play

aggressively enough, I think.

I let Victoria take the points I let Victoria take the

too early. Then I just wasn't

as sharp and wasn't probably as

aggressive as I needed to be.

Unfortunately I got run Unfortunately I got run around

and got dictated to, whereas

that's what I was able to do in that's what I was able to do

my match last night Maria. Was it due to Azarenka's my match last night against

good play you were seemingly on

the back foot from the start of

the match? Yes. She the match? Yes. She played

well. But I think a lot of the

have taken control of the times maybe some points I could

points on the first or second

shot I didn't do that. Like I

said before, - there's no doubt

she's a very good player and

put me in that position. I

guess it's one of those

things. So what do you do now?

Do you get a little longer

break before your next match,

Sam? Well, the schedule has

just come out, so I'm not

playing tomorrow. I get a day

off tomorrow and then play

again the next day. Depending

and whatever happens tomorrow on the result from that match

with all the round-robin

whether I've made it through to matches, we'll then know

the semis or not. Li Na beat

Maria Sharapova this morning,

Sharapova ranked number 2 in

the world, she decided to pull

out of the tournament. She's

had a dodgy ankle of late. No

chance any player will go chance any player will go past Caroline Wozniacki as world

number 1. She'll finish in

this that position at the end

of the year. She beat Vera

Zvonareva this morning, just Zvonareva this morning, just to

punctuate that point. She will

be one of the favourites to be one of the favourites

perhaps win the tournament, who

knows. There are no Serena

Williamses there this year.

These were the best These were the best performing

players of the season. It's a

really open field, Sharapova

the only multiple Grand Slam

winner there. Someone will

have to win this one, win all

the prize money and perhaps

move up the rankings, Wozniacki

the only one who can't go

further. Katherine further. Katherine Cox

responded well to a poor first

match in the series against New

Zealand. Lisa Alexander stuck

with the captain and Cox

delivered. Van Dijk wasn't in

this one. Perhaps a siep of

the times, Katherine Latu was preferred at goal shooter,

expose her to international

netball. So the Australians

took advantage and won 51-44.

Who was the player of the

match? Katherine Cox. So a

good sign there for the

veteran, as the young players

go through, the veterans still

count. Careless riding

suspension will cost Williams

the ride in Tuesday's Melbourne

Cup unless he can win an

appeal. The other jockey

suspended yesterday weller.

The Bendigo Cup, Lloyd Williams

won the Cup with Tanby, but Tanby has to wait to see

whether or not that horse will

go through and race in the

Melbourne Cup, because it will

carry 50 kilos and it's in the

fate - its fate is in the hands

of racing Victoria chief handicapper. Jockeys are threatening industrial action in

in support of their demands for the Government to fund a trust

for injured jockeys and their

families. Pal Innes is CEO of

Australian Jockeys Association. I spoke to him earlier. We still have not had a response.

We've asked that the State We've asked that the State and Territory governments provide

us with a response by close us with a response by close of business today. If we don't get a response or it's not a satisfactory response, satisfactory response, then we'll be reporting to we'll be reporting to the jockeys on Saturday at jockeys on Saturday at the

races and it will be up to them

to decide on what course of

action might be taken. Do you

think they'll be moved enough

to not ride horses, or will to not ride horses, or will it

be some other strike action, not turning up to the

presentations, some other presentations, some other way

they can get their point

across? Well, I think there

are a range of actions and it

might become a rolling action

over the course of the next few

weeks. Jockeys don't want to

disrupt the spring carnival, particularly the Melbourne Cup.

Obviously there are 700 million

people who are going to watch this fantastic event on

Tuesday. They've had a lot Tuesday. They've had a lot of sympathy and support from the

general community and the industry

industry itself. We don't want

to disrupt that. However, to disrupt that. However, they

also understand that they could

be the next jockey who suffers a permanent career-ending injury. Paul Innes. Imagine if

the jockeys went on strike. Oh,

boy, not around this time.

Thanks, Paul. Vanessa O'Hanlon

is here for the weather now,

Vanessa. Thanks, Virginia. An upper level trough and low in

WA generating a band of cloud,

extending over the south and

into SA. Extensive areas of

low cloud remains over the south-east of Queensland and north-east NSW in an onshore

easterly wind. A pair of troughs connecting with both

the cloud in the east and the

west. The one in the east will

maintain the storms in Queensland and NSW. Meanwhile,

warmer northerly winds warmer northerly winds are making temperatures rise across the south. These higher

temperatures come ahead of a

trough that will develop in the

bite and then bring rain across

the weekend to the south-east. Around the States for today:

we'll see rain about the Wide

Bay and Capricornia districts:

Vanessa, thanks so much.

Quick news to share with you. Indonesian prosecutors have officially

officially filed three drugs

charges against that Australian

14-year-old boy, one carrying a

lengthy jail term. I'll lengthy jail term. I'll see

you tomorrow on News Breakfast.

This Program is Captioned Live. Good morning. Welcome to 'Business Today' for Australian network. network. I'm Whitney Fitzsimmons. Coming up on the program - partial solution, EU leaders agree on a broad plan

to tackle the debt crisis and

leave the details until later. Positive reaction - US

investors take heart from the

summit outcomes. And steady

cause - Australia's inflation

numbers boost hopes of an

interest rate cut. Those

stories coming up shortly.

First let's take a quick look

at the markets. We'll have

more on what will happen today

in trade in a moment. Yesterday around the region the session was mostly session was mostly higher: