tv Business - News Deutsche Welle May 22, 2018 3:15pm-3:31pm CEST
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and he has a reputation for making his offensive players incredibly efficient another characteristic government will need if they want to challenge for big honors next term. italy's political deadlock might be over but the new government's got the rest of europe on edge more with van and business coming right up. to. lose.
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economists see a nightmare scenario when the new would tell your government the populist coalition had grown threatens to read on the nation's mountain of debt spend more and undermine the eurozone with new bone. china slashes terms on imported cars from twenty five to fifteen percent as it tries to cool the trade dispute with the u.s. and sweet success six birds blame sugar for all sorts of replacements a booming produces a grease position themselves. as well and let's do business when
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a country finally gets its act together and forms a government after months of haggling markets usually cheer on the prospect of some certainty and a clear direction. say italy is moving in the wrong direction it worried and you coalition of two populist parties will row back commitments on debt and threaten eurozone stability the parties are a step closer to power after nominating a prime minister. this graffito may depict a close relationship between luigi demaio and matteo salvini but they certainly weren't allies during the election campaign now the populist leaders of the league and the five star movement have asked italy's president to approve their new alliance. today we can say we are faced with a historic moment i also say this to our international partners let us begin then you will criticize but at least let us begin first this is perhaps an unexpected
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government but it has been elected. nobody has anything to fear. we want a government that puts national interests first and foremost as we proposed to during our election campaign. we will respect everybody who put italy in the center . fuel to the league and the five star movement spend two weeks hammering out a program it calls for the speedy deportation of half a million migrants are costly campaign promises such as tax cuts early retirement and basic income are to be paid for with new debt. this contract is the heart of the government of change i see many people concerned about the international and european context they have nothing to fear the contract is the will of the italian people who want change. italy's european partners are alarmed the
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euro zone's third largest economy is already among the world's most indebted countries but the coalition hopes a political novice giuseppi country will ease the concerns of italy's partners the law professor has been proposed as prime minister the two party leaders agreed on the unknown technocrat as a compromise for the top post now italy's president has to approve the new coalition's choice. can't nobody student job getting the economy in shape is going to be harder than throwing together a pizza italy is deep in the red state that stands at two point three trillion euros that accounts for a quarter of the total to avoid euros or member states combined pretty steep when you consider the country only makes up fifteen percent of the euro zone's economic output and we have a government making all sorts of promises it may not be able to deliver on well let's get the take from gentle do belong to our financial correspondent and frank
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just how much of a nightmare is this new coalition for economists you know. well i suppose really it's a continuation of the ongoing nightmare that's been the italian economy we have a situation where they want to drive the public spending as you said and bankroll bankroll new policies that that would require more debt to finance and we know that that's against the eurozone rules they want to see a change in these rules and they also have this proposal of using short term security is in order based on future tax revenue in order to pay off public suppliers and many are worried that that's really just tantamount to introducing. a parallel currency to the euro so you can almost feel officials blood pressure is shooting up from here to brussels so although we're only at the beginning of this particular chapter heading off this economic nightmare will depend a lot on political science and maybe rome and brussels will manage to head off an almost certain collision well maybe being the operative word so basically you're
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saying this is like a recurring bad dream and now a novus in charge. yeah about doesn't fire doesn't even begin to cover it he's a virtual unknown with weak links to both parties as such as effectiveness would be called into question there's also the small matter of him apparently padding his academic records small integrity issue there which is especially interesting given his focus seems to be on corporate governance and on corruption but we do know that he's basically there because the heads of the two coalition parties have effectively knocked each other out of the running so he's there by just thought so how he will do in the end is really anyone's guess ok it's also going to be anyone's guess which direction the economy is headed in considering as well that italy has one of the euro zone's at lowest growth rates to malone there for us in fact but thank you. china plans to slash import duties on foreign cars
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starting july first tariffs will be lowered from as much as twenty five percent to fifteen percent beijing's announcement comes after promises of gradually being using restrictions on foreign investment the or who and ship building industries the u.s. and china recently said they would hold off on purity tariffs on each other's goods the two countries of the goshi a good deal that's aimed at narrowing china's trade surplus with the u. ways. and of course one of the. joins us from beijing with us how much of a difference are these compromises making a very because may take obviously designed to appease trump. well china has announced this some time ago these slashes in import taxes on cars they will probably not make a big difference to most of the comic us they will impact the imports of the high end comm makers such as the high end models of b.m.w.
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or dima or tesla which is something that donald trump will probably be happy about for most of the other car makers this is not probably in book going to influence their business too much they all have a joint ventures here in china they produced locally and it doesn't make sense for them to replace their local production with imports this is something that china is probably it's probably something very safe for china to do at the same time it's something that the western governments have to manage for a long time so it's i guess this is a gesture more than real policy change game it is betting a forest there on the trade war that isn't and a good deal in trump's eyes we'll see what beijing comes up with next thank you sugar has fallen into disrepute it's being made responsible for
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a raft of health problems especially the hidden showbiz eliminated dairy products so demand for low calorie substitutes is rising in greece farmers following cooperatives to boost production of the substitute stevia. why dope and plains and plenty of sun here in central greece conditions are ideal for cultivating stevia growing interest in the plants used as a sugar substitute has prompted seventy local farmers to clump together and form a co-operative stevia hell us is now europe's biggest stevia plantation. german. to begin with we knew nothing about how to cultivate stevia but step by step we discovered how to make sure it grows well here but everyone. the farmers consulted scientists who told them more about the plant's properties.
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as consumer demand for the sweetener grows farmers are keen to learn more about growing as a kilo of dried stevia leaves patches between two and seven euro's depending on quality a large portion of exports go to germany and france demand for the sweetener in powdered crystal form is high too but there's only one factory that prothesis steve yeah and it's located in front unsurprisingly the co-operative wants to open its own processing plant in greece members are hoping the e.u. will help them out with subsidies. for the next five years planting biased on in machinery and a bigger warehouse so we can collectively. process our statement. and have a better product. someone else pinning his hopes on more cooperation and quality is andre s. kyra phillips his dairy farm is a two hour drive away the qualified technicians farmers one of fifteen the tesco
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like co-operative. down them by my decision. which will come off our cars in the end with prices and of course there is that he says and do not work on the side of the product so i'll pour their salt hostility to water comes. with its own outlets that lies its members to pool their resources to milk it produces is cheaper than in the supermarkets and many would say that it's better as well. to scholar also employees technicians customer service representatives and vendors to date it's the only one of its kind in the dairy sector its members hope more funding will enable others to set up their own co-ops or go to throw you over the years you deserve them. earlier go lower food call the beginning slowly when the do
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something that serves a little different for or is far better together for co-operative some grief that principle has become a successful business model. and i stay in business if you i'm interested or else he'll get very soon here on in the meantime go to our website he'll be dot com slash business for the latest news a life. rights
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w.'s program guide to the highlights. dot com highlights. how the germans came together in one nation from shall the money to chancellor fund bismarck. the history of the germans has been shaped by great learners. nice well known ways to bring my royal college of that to protect christendom and spread find truth that humans would love to see. a week before the battle before the enemy and tom let loose and steered by courageous decisions he's the co-founder calls this he told your master that we have received the crown of our room from god and not from his presumptuous servant and that's why his holy sacrament meeting tomorrow we're going to have defeated the enemy will never see one another again my mum oh oh
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we must fall to pieces. playing. the drums every week on w. a. r i want to welcome to another week of euro max i'm your host meghan lee from royal weddings to regal roses we have lots in store here's a look at what's coming up. love and marriage in the highlands does that mean while wedding in the winds are. city's sights see the thing carrying capital brought up past problems.
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