us your photos and your videos. carried out first we'll have your business headlines coming up in one minute don't go away. from. the. earth. home two days of species. a home worth saving. those are big changes and most start with small steps globally dio's tell stories of creative people and innovative projects around the world. to use the term limits

to screen image solutions and reforestation. to create interactive content teaching the next generation of mental potential. problems and all channels available for people to get action and more determined to build something here for the next generation of global ideas for the environment series of global three thousand on d w and online. at. the french and german leaders pale it as a new chapter for europe. all agree on a eurozone budget details are murky. as oppose it and economists are wary. and on migrants a boon or a liability for european economies in a new study the o.e.c.d. says many fans on found that the picture is not entirely rosy i'm.

going to start. with that i'm sorry i'm just waiting for my valerie to yes we start with that topic are migrants a boon or liability for european economies a new study the o.e.c.d. says that many fears are unfounded and the script reading here is unfortunately not the one. in the. well with me now definitely is thomas the senior researcher the migration at the o.e.c.d. you helped compile this report since we haven't had the. piece on the report just tell us briefly what is the most important findings of this report a report we analyzed among other things the migration flows to always see countries

and we observe a record high in two thousand and sixteen but a significant decline in two thousand and seventeen and in both cases actually germany was a driving force among the changes it was together with the united states top fifty nation country in two thousand and sixteen but also experienced a very significant decline mostly due to fear refugees arriving in two thousand and seventeen in terms of. employment and integration of refugees into the receiving countries the o.e.c.d. countries what are your your most important findings there in this study so an interesting fact is that even the peak year two thousand and sixteen the majority of new influx of germany were actually not refugees it where people coming from other e.u. countries with their families to take up employment to take jobs in germany and with a bound german economy and labor market so clearly a lot of migration if you observe in germany is driven into the labor market and

actually we see a very good labor market integration figures for the mike in population as a whole obviously refugees have more difficulties and other groups but it's vert noteworthy folks sample that if we can women in total which includes author refugee women and plan meant for this group is that record high levels in germany at the moment what are those who record high levels that are around sixty percent sixty to the more than half of them have the male what i guess which were real but still employment rates and men of basic ok so that's a that's a good sign that the german authority for its refugees and migration has said that roughly ten percent of refugees that have arrived in germany until twenty sixteen have found a job can we do better than that of first all of this is a long process a lot of those people are still in the silent process is still an introduction causers they still are getting basic german language knowledge and we know that there are progress into the labor market is very rapid in the first years but it's

a it's a process that takes a lot of time much more than for any other migrant group obviously because we should not forget these people have not come for economic reasons these of people have come for flights to germany and so they should also very different. across the e.u. youth unemployment is still a big problem it's roughly a twenty percent if you look at all the states and much much higher for example in greece and other southern european countries. no most refugees that are come coming to europe and to receive becomes a young men of a a real threat for unemployed use in the e.u. and are refugees taking their jobs as of is often said you know international migration outlook we have a specific chapter which looks precisely at that question and indeed if there's one clue where there isn't a potential issue it is among the low low educated young men in the workforce it's for the moment the biggest flows in the past have been already ended towards countries like germany and sweden where the labor market situation is pretty

favorable so make up a significant proportion of that group next in the case of germany and austria between fifteen and twenty percent so it's quite a significant part of that group which fortunately is not particularly large in those economies now talking about spain and greece. we had much flow inflows into those countries and here we think that the whole package of measures needed clearly number one message is to make sure that everybody gets the basic qualifications to need to succeed the labor market regardless of origin secondly to have a consistent migration policy that combat's also in those countries illegal employment of foreign workers that open legal pathways for migrants who just come for getting a job i don't i'm not in need of protection and also to have also a clear policy in general return is part of the package for those who are not found to be in need of international protection. you talked about the people returning to

their home countries you know the well qualified ones that are coming the nurses the engineers and the doctors. are they useful for the receiving economies yes they are but wouldn't they be more useful at home or first over here we must clearly distinguish among the different groups those who have come as refugees they have been leaving their countries because there was no. safe place for them in the origin countries but there's a much larger issue notably with use back to foreign trained doctors and nurses who are coming to o.e.c.d. countries through different channels mainly labor migrants because these are need everywhere and including in their origin countries where there's a global we have a global health workforce crisis but even of all of those foreign trained doctors and nurses currently living in always the countries regardless of how they have arrived which we turn to the arjun countries that would sort of only one third of the problem so clearly we need a very large response and better training and education policies better health care

systems in the origin countries is a key challenge and migration is only a small part of that global picture talking about training and and immigration here in germany training our people are we doing a good job there the response in germany not only on the policy side but also by society at large civil society employees unions has been remarkable and i think sent back in twenty fifteen that spec in twenty thirty changes it is a continuing and that's interesting we that's much less talk about what's happening now in terms of integration but the challenge is now the challenge in two thousand and fifteen and a good part of two thousand sixty was not integration to the labor market this was getting a shelter getting the people the basic needs ready that they are able to derive and get the basic needs now is a challenge to integrate them into the labor market clearly for those who elect

basic skills this is going to be an uphill battle but it's something where germany is very well equipped to do and there's been a lot of measures that go in the right direction we think more could be done notably we suspect to making sure that the low qualified have a consistent pathway towards a lasting employment and this will take several years mostly from the or is it in thank you very very much thank you. and now we're coming to our next topic which is german chancellor angela merkel is facing new anger from conservative coalition partners after she hammered out a proposal with french president marco which would see greater financial integration in the eurozone carnegie in a dedicated budget for the currency area according to the deal the e.u. would set up a euro zone budget to boost investment in the bloc mcconnell just that size in the hundreds of billions but merkel would prefer it a size smaller in the tens of billions maclin michael also agreed to plan to turn

the european stability mechanism into a monetary fund to help isolate the euro from future crises most details remain unclear and have to be hammered out before the next three use summit however merkel warned that moves towards greater integration can only occur when banks have reduced risk in the financial sector for the german chancellor and eurozone budget on the whole is a political hot potato many fiscal hawks and increasingly fragile coalition fear the bloc could become a so-called transfer union where richer countries like the netherlands france or germany permanently finance the poorer countries in the south. i'm not joined by young peter colonies an economist and professor of financial markets in frankfurt a budget for the euro zone is that a good idea and why. i think the budget as such is like a two edged swartz and we still don't know in which direction it will cut on the

one hand it may be this already mentions transfer union that just transfers consumption income from north to south which would be a bad solution on the other hand it could also be a means and way to enhance productivity growth in say the more petty federal union regions of the european union of the eurozone and in this case it would be a good thing how to achieve this is really a matter of the details that we still have to look at and i think it is our duty to have a very decent look at that once they're on the table. it just took it to finance this budget bind additional tax what kind of money is the europe everett's european looking at. oil is i mean the the idea to raise particular money via special tax particularly a financial transaction tax that is often mentioned in this in this regard is in my opinion of

a lesser importance. the whole process will be such that the money in the end will come from the same very same taxpayers and it will be made sure that this tax base will not get too large after it has been created for that reason i think the tax issue is of less high importance than the the sheer sign that we are embarking on the reform process which is actually over to you. thank you very much young people are granted economist and professor full financial markets frankfurt university joining us from rome. i apologize for the technical problems early on the show that's it for me on the business team here in berlin i'll have an update for you in the next hour and hugh very much for watching v.w. business by.

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