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? and now, bbc world news. european markets deliver their verdict on a deal to tackle the eurozone crisis. they like it. leaders across the european union agree on cutting the greek debt and raising the bailout fund to a trillion euro. thousands of people flee the thai capital of bangkok after warnings that large parts of the city could soon be under water. welcome to bbc world news. i m david eades. also coming up in the program is south africa s opposition party about to elect its first black parliamentary leader? hello. european markets have reacted positively to the deal announced by eurozone leaders to talk the bloc s huge debt crisis. the agreement reached after late-night talks in brussels and means that private banks holding greek debt will accept a 50% loss. banks will also be forced to raise more capital to