when companies gain an edge through music. business. when i'm traveling i like to be comfortable. but i also want to stay up to

date on the latest news events. and d.-w. makes that part of traveling easy because it's available and thousands of hotels resorts and cruise ships worldwide. where have you found you don't sign on the subject or pictures d.w. in your room you could win a great prize d.w. dot com travel quiz. will spring twenty eighteen kickstart closer economic cooperation in the e.u. german chancellor angela merkel says she wants to find a common position with france on how to reform the eurozone. also coming up the power of classical music german companies

a sport of their own something the orchestra to boost team spirit. welcome to d.w. business i get america has signaled interest in a close a monetary union in the e.u. along the lines suggested by france's president the german chancellor met with a man where mccall add to the recent european council summit in brussels both leaders hope to have a unified action plan by march next year on topics such as a common euro zone finance minister and budget says the litmus test of the plans will be whether they boost the eurozone economy overall. as mine as they feel isn't it would be important to come to a true economic and monetary union in the sense that our competitiveness is enhanced by that research and digitalization become more integrated with the chief more often economic convergence among member states. and we also have to talk about

how institutions can be rendered fit for the future so that capable of meeting the challenges of the future. now earlier i spoke to host lusha a professor of economics at the frankfurt school of finance and management and i asked him whether the twenty eighteen could indeed kick start to close the economic and fiscal cooperation within the euro zone. i think so i think there's a good chance that this will develop in this direction because we have to see president mccall is very strong has a strong position in europe is also very well recognized in germany and let's see if we get again a great coalition here in germany probably that will be much more open for such kind of a move towards more integration in europe ok but it's obviously not just down to paris to berlin we have nineteen eurozone member states there's talk of a euro zone budget the eurozone finance minister banking union what's the

likelihood that all nineteen member states will actually agree of course this is right i mean nineteen members are a good agreement between nineteen members is not so easy however we have to see if you put together to have been informed that we already have of the cheapie of the euro area so do opinion and direction france and germany is moving is surely very much important for all all members of the eurozone and from your perspective i mean does a common fiscal and economic policy make sense yes ah no. i think it makes sense because we have to see the euro is kind of the equalizers or the countries has to be more comparable and you do need a current over convergence the economic terms in monetary terms and inflation terms in competitive news and so forth or for that monetary economic union can make make much sense in the euro area ok i take that as

a yes or professor of economics other from the school of finance and management thank you so much for this. bitcoin has taken another step towards the mainstream it started trading on the huge chicago mercantile exchange futures market on sunday but it received a lukewarm reception on its first trading day the price of a knee a month contract was down about five percent on sin volumes the listing comes a week after bitcoin began trading on the rival c.p.o. eat its first appearance on a major exchange has soared in recent weeks rising twenty fold in value since the beginning of the year critics warn off a possible bubble burst. all right all of this apart from those exchanges isn't really news let's find out what's so exciting about this news daniel corp is joining us in frankfurt now daniel bitcoin ok is trading at the c b o e for a week now and now also at the c m e why is that such a big deal. well it is such a big deal monica because this is really considered as

a new milestone for the because remember when the bitcoin started to being traded at first in two thousand and eight i guess nobody was dreaming that big financial institutions big stock exchange i mean fee m e n c b o e i one of the most recognized and well known stock exchanges in the united states once you are listed or being traded there this is really a sign that you have kind of all arrived to the financial world and we have to remember that because futures are something different than normal bitcoin trading a bit coin future has some sort of regulations as well for example that c m e n c b o e it's just traded a couple of hours a day and there's also a limit of twenty percent that it can go up and can also go down ok so a major movement there but what is next for bitcoin itself i mean former bank chief actually says that it doesn't really fulfill the three main functions in order for

it to be money because it's not an effective means of payment it's not a good measure of value and it's not an effective way to store value because it's inherently stopper paula so what's the point of bitcoin. well for many investors it's really interesting because we also have to remember for example last week when the european central bank again announced that interest rates will stay here at a record level of zero percent also experts don't really expect that we will see big movements at the stock markets next year so for many investors it's interesting because it's really a way you know to get something you know out of your money and also for many of them of course it's very interesting it's not as regulated you know as for example traditional stocks ok i can hear the word regulation again and again that seems to be key in frankfurt thank you so much. this time of year you have a lot of classical concerts here in germany classical music is an integra part of

german christmas culture and that extends all the way to the country's corporate culture so many people play musical instruments here that it is not unusual for large companies to have their own all playing together it's not just fun it also boosts team spirit and that's always good news for the bottom line. what you heard of vite company fits the bottle she leads sixty accountants engineers and i tease specialists they have all swapped their computers for cellos violins flutes and assumes they're the s.e.p. orchestra maybe not as well known as the company's corporate software products but an important part of the business nonetheless. for what's comin in the company that wants to advance and be successful it is very important that people are in harmony with each other that they are able to work in a team and cooperate there's no activity in the world where you have to react so

quickly to each other and work together so well as an orchestra. that's because each musician depends on his colleagues to achieve that perfect harmony they have to listen to each other respond at the right time and be well trained and prepared. that you have to practice if you want to get. to. practice. and that's how it all fits together as sapient schubert bush and yes the german auto parts maker has its own orchestra too in fact many of germany's largest corporations are tuned in among them siemens chemical firm. and all of the auto

makers diameter b.m.w. and fox. it is in the german d.n.a. it is not unusual for people in germany to play musical instruments all those people playing an instrument are organized within the german music federation which has nine million members more than the german football association and. that should make sure there's enough musicians for generations of company orchestras keeping the economy. today is the united nations international migrants day and lagos in nigeria leads the world in urban migration the mega city already has over eighteen million people and attracts thousands of new migrants every day a swelling population is putting the city under intense pressure. lagos the place you go to follow your dreams or at least in search of

a better life thousands of move here every day one of them is nora she came here at eight months ago to sell children's clothes little sissy in the city of opportunity that is not in the concert and they. just bring it on whatever you make it good people buy. but the influx of people has left the city bursting at the seams. congestion is a huge problem for many people commuting takes up a large portion of their day. i.t. specialist kamikazee has to get up at the crack of dawn to get to work on time. it is that there is about twenty kilometers. boyd sometimes takes about two hours to get to more than two hours to get. lagos is now home to an estimated twenty one million people the city's rapidly rising population is proving a headache for urban planners. so the government has to deal with other quick paul

quick water sanitation your plan for certain population and the end of the plan before you even start implementation that number has increased if the numbers continue at the rate that people have mentioned right now in terms of people community leaders on a daily basis in twenty five years from now with the crisis the city's infrastructure is ready proving inadequate and with relatively few opportunities elsewhere in one thousand the population of lagos. it will only continue to soar. business update here in w. thanks for keeping me company for more find us on facebook or follow us on twitter . for business.

sometimes you just have to pump up the volume. to sing for the day. when the big.

music magazine. topic spoke. to our. it's been another year with plenty to behold in the arts world. our review of two thousand and seventeen. and its many highlights. plus a preview of two thousand and eighteen and what the cultural world has in store for us a retrospective and. future perspective on. him sixty minutes d.w. . i'm not proud of him they will not succeed in dividing us about not succeed in taking the people off the streets because we're tired of this dictatorship. taking the stand global news that

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