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tv   Business - News  Deutsche Welle  April 19, 2018 3:15pm-3:30pm CEST

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content but nonetheless saudi arabia seems to be changing its tune. and coming up on the news there's been some new developments in the diesel emissions scandal or shot is in the hot seat as the details will be back in just a few moments i'm sara kelly in berlin thanks for watching at the scene and. learn german with. any time any place. whether with joe joe and your friends. it's just going to be. mr spritz it's for sure to join the cause of. all over the world.
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online and interactive. german to go. learn german for free w. . the german chancellor weighs in on the dispute. the french owners of the struggling german company could soon stick to their commitments while pretty much offering state aid. and double trouble french president meets with machall over his ambitious reforms for europe while struggling with another tough reform agenda of his own. i'm a fizzle and that's to business the hazard lights back on. the job. government may
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come to the rescue although the order manufacturer is in french hands now chancellor merkel urging the p.s.a. group to keep its promises before buying the european general motors last year it valid to hold job guarantees at opel but shop stuff of rejected wage concessions demanded by hearsay or in exchange for a commitment to invest in a production line for a new model that opens bactrian eyes enough to come make it continues to lose money recently management pressed unions to forgo worth four point three percent pay rise to allow for further investments in germany. let's see how traders are reacting to this story daniel cope is in frankfurt for us analysts had said that it was going to be tough for the group when the french made those promises and keeping those promises would be tough before they even bought opel has has it got any easier. you know not really opel are still having a really hard time to reach their k.p.
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eyes off p.s.a. their goal is very simple opel who has been reporting lots of since one thousand nine hundred ninety nine mostly under the ownership of general motors needs to be profitable again by twenty twenty by this homework that it's really seems to be become too difficult the financial situation hasn't proved to improve but already this year opel is having trouble again just now in the first quarter they did not sell enough cars we are hearing at least twenty five thousand less than actually wanted them to sail and then there's going to screw with worker unions many here fear that p.s.a. could be running out of patience now even though the french are in the driver's seat will it come to state aid from both the. yeah well that's a big question right now is that let's just imagine the scenario if this would be really happening it would be already the second time that the german government would be helping out already in two thousand and nine germany gave a four point five billion euros in form of a state guarantee but i have the dow's actually that this is going to happen again
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and we have heard earlier in the show i'm glad america is meeting today with. us here in germany hope that she will be addressing the issue and also reminding him of all the promises made by p.s. a the french government is holding fourteen percent off a p.s.a. at the moment that you call first in frankfurt thank you and as dana pointed out there from the french german tension over how to restructure a calm make the deep divide over reforming the eurozone french president a memo mccoy's him but then to present big plans for the economic block including a finance minister and coming budget but his host on the medical is unlikely to be wooed by her friend to open her. a red carpet for europe french president manuel mccomb is pushing for big changes soon he thinks there is strength and more unity and wants more confidence ease and defense law and asylum now they form didn't drift form is a third indispensable front before the end of this term of office we need to define
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a roadmap for progress on the banking union and the establishment of a budgetary capacity promoting stability and convergence in the euro zone business but as you know. the vision more money and responsibility for europe amount says it's the only way to make the e.u. stronger as well as more efficient and united. not everyone is applauding though germany in particular is skeptical conservatives there say the plan sound like they carry a hefty price tag there is concern germany will be given a big bill but have little influence on where the cash is spent but time is running out european elections are set for next year by then member states should have a road map for the union's future. entrepreneurs. can give us the
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business take on this story you know you've worked here in germany and in france haven't you that's the case or is germany holding back the eurozone from performing to its full potential by rejecting these reforms of missed my holes in my personal view is yes it's a question of trust and for for decades the trust has been a little bit broken between the different partners promises were not kept and breed building this trusts we all hoped when there was the election of his famous one speech that things would go in motion but especially in a country like germany it takes time so they needs to be signs that this trust is a vote and i think the french president is doing the right thing by. reforming his country that's the first think that that need to happen but it does take a lot of trust when it comes to bailing out other countries or paying off their bad debts and he just doesn't want to do that it doesn't want to do it it also begins to realize and you see that in many circles that the traditional recipe of i would
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say german austerity has not necessarily proven right in areas like portugal which is proving that actually another way was possible but this should not be an excuse for not doing the reforms and you actually mixing good economic policy with a lot of emotional aspects and this is what we've achieved in europe is to create this diversity and emotions and views into something which is creating a lot of creativity innovation for the moment it's putting a lot of politicians back to the national boards and lost elections also show that focus on national topics is is the key priority but i was just speaking to the city you see su's economy spokesperson yesterday and he will not budge from that formulation that formula of reforms equal. economic progression and it will save the day but the reforms that have hurt the
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southern states have really hurt and i don't think that message has got through to the germans yet what what message would you like to give to ms merkel today on such an important day that she's meeting mr michel well i have no message to give but i think things should be seen as a as a moving picture another as a static view reforms need to be initiated but when you see that out of china and of the us you realise that the world is in a very accelerated mode so we also need to see that speed is as important as the facts which the ways the european google ways the european facebook ways the european apple well this is this is a good example. you see the name all of those in china look the ten largest companies in the world ada american to a chinese none a european the issue for the politicos is that technology and we saw that with a fable facebook story technology becomes politics it begins to influence.
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elections i mean we like it or not but mr obama was elected by forty nine percent of the people's but it was probably a massive money palatial minds going on but that innovation needs the financing and that financing is not going to come from a divided europe what financing is important and this is why we are pushing for for an agency for disruptive innovation but what is also more important comes back to you part of the political question is that speed is important i think to the key topics for democracies and that's probably what prism i can try to push in his speech in the european parliament is that democracies need to reinvent the capacity of experimenting so even the germans i can fully understand and by that topic about we need to do structural reforms but we also need to experiment new ways and i thank you very much for coming in today because well with the experiment thank you will mccaw says he'll present
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a united front join euro zone reform with germany by june but he'll have to win over mrs merkel in that time and he has a whole nation to convince that his own domestic reforms make economic sense walkouts a cause and travel chaos in the skies and on the ground across france with more strikes yesterday and today. who owns the railways they ask we do comes the answer french rail unions are well organized and workers like train driver fab are ready for battle when it comes to defending their privileges. and surf don't go in part rail workers are more than ready to fight it out we're not interested in sitting round and talking about it during our coffee break i'm proud of being a train worker so what. rail workers enjoy considerable perks like retirement as early as fifty two and free rail travel but the railways are heavily
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in debt president macron says reform is essential yes. passengers are suffering because of the strike their working days are longer and some companies could even go bust because of it we need to sort this out i want to make it quite clear we will push through the reforms because we have to have change . and say experts pushing through may be easier than it looks. when strikers find themselves in a minority that can make the more radical public opinion quickly turns against them . then they can't maintain the strike and have to give up. that could give mark on the opportunity to push through his reforms without unions agreeing with will be true of your boss who put it from. your and his colleagues won't give up without a fight this after all is about where their futures are headed. the q e two
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considered one of the last of the world's great ocean liners on till being retired in two thousand and eight has been reopened as a massive floating hotel in dubai the curator is now permanently mode at mena has she to report port and has been refurbished to its original nine hundred sixty s. design and you won't know state owned dubai world hopes of putting hotel will help boost tourism to the gulf emirate rooms in a q e two started less than two hundred dollars and that luxury suites they go into the thousands. eyestrain business with if. the be.
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a lamp. home furnishings cameo lot more than just functional. playing with planes combining materials. inventing interiors. sure makes dillard's. personalized moving spaces and since she was designing your lomax next d.w. . earth home for saving global
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ozias tell stories of creative people and innovative projects around the world ideas to protect the climate and boost green energy solutions by global ideas mean by a series of global three goals and on t.w. and online. it's all i have any such of it going to. get your linked news from africa and the world. your links to to exceptions. some discussions here one will come to you separately from grandma and from son jimmy from the news of the z. and while i would say d w it comes to africa join us on facebook t w for come. to. the museums it is just not seeing the once a. chance not to this time soon boost
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sun but most. people have put big dreams on the big story. the magazine on the w. i wrote a welcome to another fun filled edition of your own max i'm your host meghan lee from my dream home on moto walk down memory lane we have lots in store here's a look at what's.

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