go just download are out for google play for from the apple store i'll give you access to all the latest news from around the world as well as push notifications for any breaking news you can also use the app to send us your photos and videos. our it states you invent is up next and i'll see you again at the top of the hour for now thank you for spending part of the day with us. frank food. international gateway to the best connections also in road and rail. located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and try our services. be our guest at

frankfurt airport cd managed by for. we speak different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of voice global news that matters d. w. made for minds. a slight coming of the nub spot just as remain sounds like a bad mass i know it's italy's political stalemate new developments could avoid a new election the markets like that. the o.e.c.d. funny as a warning shot it trumps tariffs saying any escalation of trade. tensions would hit

global growth. and as perspire he returns to portugal the wind sic that makes a sweet comeback. amid fears all that leads to business italy's still in political limbo but financial markets hysterical about the situation today that's because the markets of factoring in less of a chance of new elections the losses on tuesday were huge analysts now putting that down to an over reaction definitely a more forgiving day today the yield on ten year government bonds edging away from yesterday's four year highs european central bank officials also reporting reportedly saying that the e.c.b. sees no reason to intervene for now with no signs of interbank stress among lenders the e.c.b. also sees italy's crisis primarily as a political one. as the europe recovers along with stocks let's cross over to frankfurt. how much of a concerted recovery is it really. well the recovery is

happening everywhere where yesterday we've seen the biggest losses in terms of share prices and bond prices for example in the land itself the share index there has recovered has made up most of the losses it's experience yesterday but not all of them same with the german share index dax it. saw a bit of a recovery but look at this look at the dax trading today the market still has the jitters and most traders here are convinced that those jitters are likely to stay and that italy will be preoccupying investors for a while what about italy's ability to finance itself because that's been one of the biggest worries on markets. yes and you already mentioned that the average ilda on the ten year government bond has come down from the four year high it had reached yesterday today and the auction happened of view italian government

bonds which went a but it also showed that the healed here the interest that italy has to pay on its debt was significantly higher than at the last auction of that kind about three percent for the ten year bonds that's about one point three percentage points higher than at the last auction quite a significant step so here the price the markets are also pricing in a bore isc. could have been in frankfurt thank you. the next risky situation and it's their last chance european officials are trying to hold back the u.s. from hiking tariffs and we see the ministerial meeting in paris both sides have their lists of big goods drawn up it was asian for economic cooperation and development repeating its warning against import duties at the same time is cutting this year's growth forecast a warning in itself. the clock is ticking it's just

a matter of days now before the u.s. start slapping tariffs on european steel and allen minium imports that's unless an agreement can be found before friday under mounting pressure the e.u. met with u.s. delegates for talks on the sidelines of the o.e.c.d. summit in paris the u.s. commerce secretary however said he saw no need for haste. can be negotiations with or without terms police good news there are plenty of terms. and police one knows who it's not that you can't talk to as we go to terms e.u. trade commissioner cecilia mounts trim rejected that approach she's warned retaliate three measures including a trade war would be on the cards if negotiations fail our future course of action will depend on the nature and the severity of measures imposed on our exports by the united states and the injury it does to our industry and that could mean

tariffs on many u.s. products including cranberries peanut butter orange juice motorcycles and whiskey lisa lewis joins us from paris she's been following the talks and mr mccoy has been speaking the french president the e.u. sounding defiant the u.s. so blah as we heard in that report what about the french president. well the french president has said i understand that multilateralism that our organizations the w t o w t o the o.e.c.d. are not perfect but the answer to that to the current problems is not to destroy everything now we need to improve these organizations we need to find new ways of working together that is very important because if we go back to protectionism and to everybody being on its own it's going to get a lot worse and also we need multilateralism to fight or to work together in the

fight against terrorism that's what im on michael said so far. is that going to help this or prevent this trade war from happening well you know he's trying for the time being none of the two sides seeming to give in though we know that talks are going on behind the scenes at this very moment the economics ministers of france and of germany and the e.u. trade commissioner talking to each other and a little later they will meet wilbur ross the u.s. commerce secretary and obviously everybody's hoping that they will find a solution but for the dime being there has no there is no compromise that has been found so far exactly no compromise frets from both sides telling us that this is just how business works or how global trade short work of a saying no this is going to global growth what what will stop this situation from

escalating. well there's several suggestions obviously obviously the u.s. could just extend the deadline again as it has in the past another option at the u.s. is asking for at least that is that the e.u. goes down with its tariffs on certain products or that it actually puts a cap on its steel and aluminum exports to the us however all of these measures wouldn't get the go ahead just like that from the w. cio so it's not really easy and there will be a lot of negotiations there that will have to go on and i think both sides if they really want to find a compromise there probably will need more time for this and these are the words for us in paris thank you very much but more time needed obviously in solving this one. he said it would be easy china says it will protect itself from what it labels reckless u.s. trade actions the u.s. has signaled it's going ahead with import tariffs against china after all that's

a reversal of the softening position the trump administration has recently taken during trade negotiations with the asian powerhouse the move would mean the twenty five percent tariff hike on fifteen billion or tariff rather on fifty billion dollars worth of chinese goods within the next month china's trade officials say they're not surprised by the reversal which followed criticism in the u.s. that china was getting the better deal washington originally announced the tariffs as retaliation for beijing's infringement of american intellectual property. greeks against austerity mass strikes today everything from flights to ferries cancelled no trains on these tracks greece's economy is back on track plus it's ready to exit its latest bailout come august but as part of the multi billion euro lifeline creditors are demanding new austerity measures including wage cuts and higher taxes greek workers have had enough unions calling twenty four hour public sector strikes in schools and hospitals. since the debt crisis started in two thousand and ten

greece has received two hundred sixty billion euros in bailout loans in exchange for measures like public sector layoffs tax hikes and pension cuts. portugal has managed to switch from austerity to prosperity following the financial crisis a socialist government returned to power raising the minimum wage boosting welfare and reversing tax cuts on the rich the markets screen didn't panic but today portugal has been growing every quarter since late two thousand and fifteen corporate investment has skyrocketed and the budget deficit to just over two percent the new policies also combined with a couple of nice little earners for a sunny country tourism and wine. business is good for evil al gore shtick he produces portuguese wine on his vineyard outside lisbon he has thirty employees and is looking to expand in the beginning there. and then have to upgrade it to

increase the capacity then we. we will double the capacity we. just side by side because we are in the maximum capacity of production and we have more demand and with what can you produce since two thousand and fifteen portugal's g.d.p. has been growing again last year by two point seven percent tourism has been the main driver more than twenty million people spent their holidays in the country in two thousand and seventeen the government has bolstered the sector by reducing b a t for hotels and restaurants. a country's ruling leftists also put an end to most austerity measures they lowered income taxes and increased the minimum wage. and we have done some increases especially for most. people for the pensions but we have done these in the correct way by painting the gross of the spending

we did of the g.d.p. economists however warned that a collapse in tourism could spell trouble for the portuguese economy they point to the fact that the national debt is still around one hundred thirty percent of economic output. however is benefiting from the government's strategy the winery he says has never been as profitable as it's been over the last two years. yes to just say that nice doing business with it. seems to. come. from. the to a movie. coming. out of. touch we've.

moved. to move. move move move. move. move move. move move move move move move move move move move move move. move. move. move. from the conflict zone fronting the powerful plucky is not going to be easy our life for the west of knowledge is also makes the future pressing hard street membership and pretending it's no longer needs it right here because the turkish prime minister never looked at the trouble to show you how the differences between

turkey and meet you coming it was possible to reconcile the conflict zone plotted plan. funereal football team for the white house fitness problem is shaking nobody fiasco much about the phillies your favorite team play. to the tune to bring them in turkey to europe because the entire country champion free insurance for the last sixty years. for mines place you can tell about a society by its garbage. works for the rich but for many poor people it offers their own chance of survival. and i carried on for today just like the. reporters travel to nairobi. to meet people who

know the true value of garbage. you just created a trifling parallel economy. because of this made economic inequality. you guys are starting class warfare the response to that statement should be yes we are starting play as we want to play rich to the trash exclusive brooklyn stuck. on. turkey is not an easy ally for the west to manage viciously insulting if it doesn't get its way it alternates between pressing hard for the e.u. membership and pretending it no longer needs it my guest here in the german city of this is the turkish foreign minister met lute. all the differences between turkey and the e.u. becoming impossible.