discussing the prospect of an italian in a euro zone finance minister what effect it has had on the markets the have all the reactions and responses right after these messages. and i'll see you again at the top of the hour. you can tell a lot about a society by its garbage. the future worthless for the rich but for many poor people who don't for their only chance of survival. cannot be hundreds a day just like. the reporters travel to nairobi and new york to meet people who know the true value of garbage. it has created a thriving economy. but with

a single this means for economic inequality around the world you guys are starting player swarthy and the response to that statement should be yes we are starting to as we want you. to reach the trash an exclusive record store to live on g.w. . the italian crisis continues the president vetoes a euro skeptic for academy minister and puts a former i.m.f. official in charge of an interim government investors initially hailed the move but realize this means more political uncertainty. the former head of the w t o tells the w. these a dangerous times for global trade but that the playing field does need to be evened out. and the plastic epidemic regular strolls and cups have a very shaky future in europe. bulldozing through new legislation to save the

planet. i mean physical and let's do business mother ella got out early and volatility italy's political stalemate is nearing three months it's driving financial markets mad they cheered on president said as he refused to appoint a euro skeptic the finance minister but he named an economist carlo caught early to lead the country until you were lections that could take a while there was relief among traders in milan when markets opened their leading italian share index left by one point eight percent the euro saw an upswing too after all a new government dominated by euro and germany skeptics could have seen italy step out of the euro zone but now what who will end up governing italy this uncertainty made indexes slide again over the course of the day. yeah whatever. the markets don't know who will end up governing italy or more likely there will be

a temporary technical government but we don't know for how long we've had many of them a very in length but the markets need just one thing certainty. new elections won't be called before the fall and whoever wins has a heap of challenges ahead italy is two point three trillion euros in debt that's the equivalent of one hundred thirty two percent of its g.d.p. should the european central bank and its low interest rate policy italy would face higher interest payments which could lead to financial collapse unemployment is at around ten point two percent but in areas like calabria sicily and sardinia youth unemployment is over fifty percent. labor market reforms are only slowly being implemented and several governments have already proved unable to get a handle on the vast state debt. for the latest from frankfurt over to our financial correspondent caret booze and conrad three months of political

uncertainty and we could have another three months ahead of us that's something that the markets just love only if you really love volatility if you really make your money with betting on you know heavy ups and downs swings but serious economists have become more concerned they predict that all this will have a negative impact on business sentiment in italy that italian companies will likely to spend less invest less in the upcoming months surance is by really the man who was appointed to lead this new entering government italy have not done much day to help you know encourage investors let's take a listen to what he had to say today. they used to join me. in the last few days tensions on the financial markets have increased however the italian economy is

still growing and public accounts are under control. if people i can absolutely assure you that a government led by me would ensure a careful management of our public accounts. which will cover let's see if he can convince markets over the next few months if he stays in power as prime minister designate that that long that is tell me though at the same time what's happening with the e.c.b. how does this all affects the european central bank because it's been buying up a lot of italian bonds. absolutely and the discussion is heating up again whether all this will have an impact on the phasing out of quantitative easing on the end of those bond purchases that the european central bank for now has planned to happen by the end of september many traders here saying that the e.c.b. cannot proceed as planned of course everyone is aware that italy needs the

support from the central bank the economy has needed it for years and will continue to do so and there's the contagion risk the risk that investors start losing confidence in other countries of the eurozone because of the fact that they lose confidence in one country in this case italy oh there's another word the markets love conrads not just political uncertainty but contagion thank you very much for your analysis from. trade tensions are overshadowing the global solutions some of the berlin it together and leaders in science politics and business one issue they're tackling is the reshuffling of the world order between europe china and the united states. join me he's certainly no fan of global free trade since donald trump took office he's renegotiated several key trade agreements and backed out of others foreign steel and recently cars are all according to trump

a national security threat and he's fighting back with import tariffs trumps isolationist path is part of the strategy he wants to give domestic companies an edge in the u.s. markets american made cars for example are often less popular than german ones. but the u.s. is new direction is helping foster new by natural coalitions germany and china affirmed their joint commitment to global free trade during chancellor angela merkel's visit to beijing but can such efforts really halt the tide of protectionism coming from the world's largest economy and what about the. in recent years the trade organization has gained a reputation for drawn out negotiations resulting in no clear solution its function is to promote free trade and establish a framework for its critics however say the w t o is a relic of the past and should be abolished. the former president of the world trade organization pascal long me just happens to be at the forum we asked him if

there's something that w g o can do to support countries doing the right thing. of course of course the world trade organization has ruled. that forbidden the sort of action from initiated in the us and notably this diary of still another medium where they are coming from europe or for that's where and i think the european union must fight this the w t o by taking the us to the dispute in the w g o and by retaliating with its own power if if mr trump does not back down yes this is a major issue and europe has to stand firm against the us why is why recognising that the us are not always wrong when they say that the rules of world trade today are not what they should be and they notably allow some chinese

behaviorism which are contrary to a level playing field worldwide so you must side with china against the us and not side with the us against china in trying to improve the rules of world trade through a multilateral negotiation and that's the european mission the e.u. generates twenty six million tonnes of plastic waste every year now the commission has drawn up a battle plan plastic straws could become a thing of the past and member states may have to pay a fee for every kilogram of plastic waste they don't recycle. the new rules would prohibit plastic straws cutlery and plates among other items all are difficult to recycle and frequently appears litter it would also encourage countries to reduce the use of plastic food and drink containers and producers of fishing gear would have to contribute to waist costs many non-plastic alternatives are already on the

market commissioners emphasized although they said nothing to differences in price the proposals were instead framed as a moral imperative that outweighed a limited business impact there will be extra cost. but the extra cost is much lower than the benefits of full sight plastic bottles would not be banned under the new rules but the minimum recycling rate for member countries would be raised to ninety percent of all bottles produced by two thousand and twenty five commissioner said that would address a common complaint by the bottle industry that there isn't enough recycled material to meet demand for new bottles the long term goal is that new plastic material will be made from old until viable alternatives come into the market the whole idea behind our approach is that we help industry develop new products and as soon as a rom viable affordable alternatives then of course we will push for them to take

the place of those polluters that a single used last six cuba new directive now waits approval from member states. to show until now with gale matters who's been out shopping gail they believe all the things that you've bought a plastic but not all of it will be banned show us what you've got. that's right a single use plastic items sold like of plastic marks but also straws popular for children all of these will have to go under the new e.u. regulations and they will be back to cli bounds that is part of the aim for the e.u. institutions the other aim is to really boost the alternatives so that in the e.u. fan shop here in brussels i found this bottle for instance and that is one option but no worries a lot of plastic items for there which there is no i'll turn it in paper or in storage for instance like this little plastic jug form that you can stay around that's very good to know. what has sparked all of this just briefly

a many experts say the fact that so far over a half of the plastic trash from europe has been exported mainly to china but that is one one of the key reasons here is china has stopped those imports and now europe is looking for a new or new places the u.k. for instance is looking where to dump the trash in southeast asia but in the eyes of the european union only a sustainable solution is on the table amazing how china is really changing our world he is on his own thank you gail. business with it.

comes. to. watch the destination for your next vacation. why not take a trip to mars. weightlessness and out of this world of humans including. vacationing in space science fiction or soon to be a reality. tomorrow today next.

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