the plastic epidemic regular stores in cups have a very shaky future in europe the e.u. is cooling time and bulldozing through new legislation to save the planet as it chokes in plastic ways. also coming up the italian crisis continues the president vetoes a year and skeptic for economy minister and puts a former i.m.f. official in charge of an interim government and that is initially hailed remain for realize this means more political uncertainty. and the former head of the world trade organization tells me these are dangerous times for global trade but that the playing field it does need to be evened out. this is your business update on how the humphrey in berlin you could join me well the european union is planning to ban a whole range of products made from plastic from cutlery to stores and q tips say you generate a staggering twenty six million tons of plastic waste every year and the e.u.

commission says it is time that's changed proposal still need the approval of the european parliament and individual member states the new rules would prohibit plastic straws cutlery and plates among other items although 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 waste 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 outweigh the limited business impact. there will be extra cost. but that the extra cost is much lower than the benefits for society 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 use to us ticks and link you to new directive now awaits approval from member states and we can now bring in our correspondent gag matters here is in brussels ag gale how exactly will this work so not all plastic being banned things actually when i went shopping in brussels today and here are two of those items on the list most commonly found in maritime trash if this legislation is agreed to by member states and by e.u. lawmakers those two items will simply be banned and they will go out of the window

now the you not only wants to ban things but they also want to encourage something they want to boost the production of items like this one which i found in the e.u.'s fan shop it's a reusable bottle so all the things that can be replaced that can be replaced by reusable things are not on that list obviously and also all plastic items that simply have no replacement like this doc will of course continue to be produced right there now and what has sparked all of this briefly. the key is that the e.u. exports most of its of its plastic in fact half of the plastic trash only a third is recycled half of it is exported abroad most of it to china but china now decided from this year onwards to stop the import of plastic trash now a lot of member states are looking for new places to dump their trash the u.k. for instance is looking at southeast asia but for the european union or rather in

the eyes of the european union of course only a sustainable solution can be put on the table right garrett matters and it is driving financial markets that they cheered on the president's refusal to appoint a euro skeptic as finance minister you would think that naming an economist cut out a need to leave the country until new elections would boost sentiment even further and not say. italian drama might be good in the movies but the market is not a fan of it after initial gains in the beginning of the day political uncertainty in italy caused the leading italian share index to lose over two percent by the end of it. yeah whatever the markets don't know who will end up governing italy more likely they will be a temporary technical government but we don't know for how long we've had many of them of varying lengths 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 that 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 in spite of the alarming situation in italy european leaders are trying to remain upbeat at the global solutions summit on monday german chancellor angela merkel said that the eurozone has a lot of experience when it comes to economic crisis. and when there were elections in greece and alexis tsipras was made premier there were many questions on the table and at the end of the day we worked together we spoke with each other over many many nights but together we achieved something i have to take on that task

since italy is an important member of the e.u. the. new. labor market reforms are only slowly being implemented and several previous a talian administrations have been unable to find a solution for italy's gargantuan state debt. well trade tensions overshadowing the global solutions summit here in berlin is a gathering of leaders in science politics and business and one issue that tackling is the reshuffling of the wall who would have us when europe china and the us. 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 trump's 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 hold the tide of protectionism coming from the world's largest economy and what about the w 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. well the former president of the world trade organization let me just happens to be at the forum so we asked him is there something the w.t. opan do to support countries doing the right thing. of course of course

the world trade organization has rules. that forbid the sort of action from initiated in the us a notably this terrorist on a still another medium where they are coming from europe or from elsewhere and i think the european union must fight this the w.h.o. by taking the us to the dispute in the w g o and by retaliating with its own dire if if mr trump does not back down yes this is a major issue europe has to tungsten for him again the us why why recognising that the us are not always wrong when they say that the rules the world trade today all not what they should be and they notably. song chinese behaviorism which are contrary to a level playing field worldwide so you must side with china against the

u.s. and not side with the us again china in trying to improve the rules of world trade through a multilateral negotiation and that's the european mission. and i mean that all the dispute between the e.u. and the usa the illegal subsidies for european aircraft maker ad bus continues east as it is compiled complied rather with all regulatory requirements that the u.s. sees things differently claiming u.s. rival boeing remains at a disadvantage now the disk has been going on fourteen years and may confirmed that the e.u. something us a link in a global trade regulator rules say that the u.s. is allowed to impose sanctions to make up for the losses. german luxury car make a dime is in a tight spot apparently picking up where v.w. left off and germany's transport minister has summoned the head of the luxury

carmaker to his ministry in berlin to explain new accusations in the emissions cheating scandal. time to post such i was hoping to clear the ed the ministry so far his company had managed to keep out of the emissions cheating scandal but last week authorities said they found illegal defeat devices and diesel powered men say does veto events they already ordered the recall of around five thousand more could follow dime law has so far denied any wrongdoing and not much to add after today's meeting but it was a good software see each other again in fourteen days. by then and i would have to clarify the issue with the ministry and also by then it should become clear if the emissions cheating scandal will hit yet another german comic up. to date with the latest from the wall business thanks to a company and see you soon all right. well

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going to get it seems right. come to the. job and have. the media for twenty. plates. are not all bad and they will not succeed in dividing us sal not succeed in taking the people off the streets because we're tired of this dictatorship. taking a stand global news that matters. made for mines. how the germans came together in one nation from shove their money into chancellor although from bismarck. the history of the germans has been shaped by great murders . i swear always to bring my royal college of that to protect christendom and

spread this line truth. behave this way learn to play so. we took a back to be called the enemy. and stand by courageous decisions but tell your master we have received the crown of our own from god not from his presumptuous servant the romans just. socked in. we must beat. the germans every week.