tv Business - News Deutsche Welle April 19, 2018 7:15pm-7:31pm CEST
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are france and germany at last an economic translation my car was a euro zone budgets and finance minister but germany's chancellor merkel isn't so convinced. and we'll have more on that for you coming right up and i'll see you again at the top of the hour. they make a commitment. they find solutions. in stronger. africa
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on the other. stories of those people making a difference shaping their nation and their continent of africa on the move stories about motivational change makers taking their destinies into their own and i'm so glad w.'s new multimedia series. d w dot com africa on the move. love as to if he wants solidarity compromise will. have a kiss and make up over the years and reform plans that have deeply dividing the confident. ones the french owners of struggling german comic ople to stick to their commitments. and south african farmers face bankruptcy the drought is drying up
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everything. stupidness bridging the deep divide over eurozone reform french president a mammal mccoy's in berlin to convince his counterpart to hold a block giving it a finance minister and common budget but uncle americal is holding on to those purse strings. germany's chancellor angela merkel received the french president on the reconstruction site of a famous prussian palace in the historic center of for a living it is now called the humboldt forum after germany's humble brothers famous naturalists who also worked in france the site is an apt metaphor for the state of europe at the moment lots of noise and competing interests also between france and germany mccall wants more authority transferred to brussels but what he really needs is money. b.o.c. does it in won't decide you don't need to understand we have more solidarity in the
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currency union no currency union conserve on live without virgin sullivan this is a quite superficial instruments of compensation and adaptation of the. union is part of it. by strengthening the e.u. banking union not call hopes that german banks and savers would also be liable for bank failures across the union a commitment many germans are reluctant to make. it's not to me. yeah actually there are different starting positions the i mean the meanings in germany and france people we need to debate we need open debate and find they really have the ability to compromise. but that will not be easy and that call is also looking for a unified budget across the eurozone to be presided over by a european finance minister. called wants to see germany more engaged in a new euro zone but there is considerable resistance among legislators to paying
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more in the process germany and france want to have a new euro zone reform plan drafted by june but at the moment that looks like you have bishes goal. entrepreneur. can give us the business take on this story you've worked here in germany and in france haven't you that's the case is germany holding back the eurozone from performing to its full potential by rejecting these reforms of mr but i think my personal view is you know it's a question of trust and for for decades to trust has been a little bit broken between the different partners promises were not kept and rebuilding this trusts that we all hoped when there was the election of money and michael and his famous one speech that things would go in motion but especially in a country like germany it takes time so they need to be signs that this trust is a vote and i think the front. president is doing the right thing by reforming his
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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 a 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 is the key priority but i was just speaking to the
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c.d.u. c.s.u. use 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 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 merkel well i've no message to give but i think things should be seen as a moving picture and others a static view reforms need to be initiated but when you see that out of china and 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 that european apple. well this is this is a good example to see the name all of those in china look the ten largest companies
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in the world ada american to a chinese none a european the issue for the politicians is that technology and we saw that with a fable facebook story technology becomes politics it begins to influence. elections i mean we like it or not but mr over and was elected by forty nine percent of the peoples but it was probably a mass of money palatial minds going on but that innovation needs the financing and that financing is not going to come from a divided europe well 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 michael tried to push in his speech in 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
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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. the hazard lights are on had opal the german chancellor the french owners to keep their promises and hinting at more state aid from berlin the p.s.a. group aided jobs guarantee before buying opel last year but shop staff of rejected wage concessions which were in exchange for investment in a production line for a new model become a continues to lose money is daniel corp. lots of uncertainty of germany's carmaker opel the company is having a really hard time to complete the homework off their new owner p.s.a. their goal is very simple opal who has been reporting losses since one thousand nine hundred nine mostly under the ownership of general motors needs to be profitable again and that by twenty twenty p.s.a.
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has promised in the past that no jobs will be cut but the opel are not only have a job guarantee until the very end of this year if p.s.a. runs out of patience opel might have to fire up to one thousand people most likely in their smallest production location in the city of eisenhower german chancellor angela merkel has reminded peers and many times not to forget what they promised to thousands of opel employees before taking over the company that you've been free for they're now you're not allowed to water the garden fill the pool wash the car cape town's drought is a pain in the neck but think about those farmers who've got a whole fields to irrigate. martin years cholesky sorrows rise as he drives through citrus plantation it hasn't seen proper rain for quite some time all twenty seven thousand five hundred trees on his fields need watch or other was there for i offer. if that happens cholesky will go bankrupt that's why he's
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invested in new ideas to safe water. we've chills below the tease so it. gives us soil moisture you can see the in my fingers going in it's nice and we. but when i do it yet stuart the line with these very good underneath the chip sauce and then you save a lot of work are you going to have to think that much but that's not enough for his part more than two hundred kilometers of drip irrigation tubes so that all of his trees can get at least some water a large citrus tree needs up to one hundred liters per day what you're going to lose is saudi's because there's not enough water so the. suitors will be smaller and if if they smaller your volume be smaller and then your loses on profit so it
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makes a big difference. the western cape region is especially affected by the drought flood this season experts estimate losses of almost five hundred million dollars in the agricultural sector the vegetable harvest almost half of them more than fifty thousand found workers have lost their jobs many fields are lying fallow martin use cholesky vegetable harvest almost completely fell true so it's a matter of. song burns it when it gets to art and doesn't have enough water to songbird's it and then you can use it the night shift over there with the way we give it to the peaks the dam is up in the valley it supplies the whole region with water. it's only at the eleven percent mark now if it doesn't rain soon there won't be enough water for crops that would be a catastrophe martin years poleski carries on as well as he can for now he has not
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let go of any office farm where it is yet because those who work for him other cell providers for their families it's harvest time at the moment but the packaging building is not busy. we're only packing what we have when we couldn't blog anymore fiji's so. we you know we started i don't believe he's this season he has lost fifty thousand u.s. dollars in revenues from vegetables alone he hopes that the coming winter will finally bring rain. because cross nice doing business with here.
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. you accidentally shat some country. in the trophy. time in the field. how can you get out. with. ellen seeing. this week on d w yeah. and i think one day this war will be considered a cruel and unjust war over. and certainly all citizens of ukraine every man woman and child to show. well the friend their own land of the enemy invades. no one wants russia here to new which is the. rebel against the mighty global news that matters. d. w. made for mines. time for an upgrade.
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course with. design highlights you can make yourself. in stoops and tricks that will turn your whole special. upgrade yourself with t.w. interior design channel on you tube. very warm welcome indeed to quadriga coming to you from the heart of gold and the focus is on israel which is this week celebrating the seventieth anniversary of the birth of the jewish state in one thousand nine hundred forty eight ceremonies have been taking place in jerusalem and elsewhere across the country to mark the achievements
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