the story of how brussels hits back at washington state an aluminum tallis that and more business news with my colleague monica jones do stay with the wus if you can. and germany with. any time any place. to sing music video never. have the benefit of the. songs to sing along to download just

a combo from super. to be. very cost is put into a tape exercises are available at d.f.w. dot com slashdot internet and on facebook in the uk still. learn german for free but the devil you. grow sales hits back at washington steel and many on terrorist higher taxes on u.s. goods take into force today also on the show you finance ministers agreed the greek debt crisis is over. welcome to the business i want to get in berlin good to have you with us and we're starting with turkey where severe economic woes weigh on voters' minds as they head to the polls on sunday for

a general election the country's currency is losing value fast driving up inflation this week the lira hit a new historic low against the u.s. dollar d w z u johan is tracking the story for us in istanbul. machines are still rattling away in this istanbul printing house taking barlow has been in charge here for over thirty years but he says business hasn't been this bad in a long time. paper. most of the raw materials we have to be imported. and because the mirror is getting weaker and weaker against the dollar. cost of increased a lot. the only thing we can do is struggle to survive like. so. many turkish people share bowels

frustration prices are rising because the lira is worth less and less. on employment stands at over ten percent just ahead of the election the economy is casting a shadow over the country's mood. sentient just isn't enough we can barely make it to the end of the months or three years yet even young people have graduated from university unemployed. everything is expensive especially the rent the government needs to act as soon as possible. economist most of us and mez is convinced that president calderon brought the vote forward to get it in ahead of a potential economic crash out once policies have failed says so mess because he made bad decisions in prosperous times. rather than sectors like the farming industry or export the money was invested in construction projects and domestic consumption it was

a mistake it was economic growth through doping it brought nothing but high inflation and didn't help reduce unemployment. it's a ticking bomb almost printing house everyone is well aware of the difficult situation facing the country until now he's managed to avoid letting go of any workers but that could change if the turkish economy doesn't improve. and for more on the turkish economy and how it could impact sunday's election i'm joined by professor of economics at the university of applied sciences constance good to have you with us well recha type ad the one called sunday snap election back in april do you think that he underestimated the economic decline and how it would impact his popularity. well i would just stated differently i think the government and the

president himself have been very quick and understanding that the growth rates in the economy which we have seen over the past months are no longer sustainable and they have been very quick and for that reason they people on the election date because it was the government that kept growth with all its power republic money with intervening in the central banks decision but you cannot pursue such a such an economic policy over a longer period so that it's very clear there's a broad consensus turkey is. going to experience a significant drop in its economic growth in the next half of the year ok well the elections obviously take place on sunday just two days from now and latest polls suggest that add to one will win the election of the it with a leaner majority than previously expected what does that mean for the sweeping sweeping reforms that he'd planned which also would solidify his power. well this is a very critical question you know the people in turkey will not only vote for

a new president and the new parliament there will be also a new constitution that is going to be triggered and this new constitution for sees a stronger president which has more executive power but the constitution also has a control mechanism even so it's a small one the strong power execution of the president relies still on a majority of the ruling party in order to prove provide loss for the hope for the president and it looks like that president at one can win the elections but the parliament will be no longer dominated by the ruling party and this means a deadlock a president on the paper he has the power but practically it's a lame duck situation where reforms which are urgently needed cannot be executed and this is a bad news even for already difficult economic situation everybody's waiting for the first round this will get some indications on. what potentially the

economy will develop like all right to and i got say in the professor. that was ed on the l.c. professor of applied science and economics at the university of constance and spoke to me. a finance minister in the eurozone have declared to the greek debt crisis to be over after eight years of painful reforms in exchange for a three hundred billion euro bailout athens looks ready to go it alone. strikes protests demonstrations in late may tens of thousands of greeks once again hit the streets of athens to campaign against prime minister seat presses all sterrett in measures in return for bailout funds the greek government has had to agree to implement at times severe cuts to social benefits and pensions now though it seems the country may have survived the worst starting this august greece will no longer be on financial life support the e.u. and i.m.f.

bailouts will have worked their magic after eight long years greece will finally be graduating from its financial assistance to greece giant. spain cyprus in my own country portugal in the ranks of euro area countries that turned around their economies and once again stand on their own feet one last instalment of fifteen billion euros and then it's over for solidarity from the euro area for greece in exchange for the reforms an adjustment is unprecedented it's the biggest solidarity the world has ever seen and who doesn't want to believe in this tale of athenian success after all has no shortage of other problems confronting the e.u. . like brics it for example airbus warns it might leave the united kingdom if britain leaves the single market and customs union without

a transition deal it's the european aviation group's strongest warning hit over the impact of a no deal breaks it employs about fourteen thousand people at twenty five different sides in the u.k. british prime minister to recently has ruled out staying in the customs union the u.k. is due to leave the e.u. on the twenty ninth of march twenty nine thousand. in retaliation for us tariffs on steel and many and the e.u. has slapped new duties on billions of dollars of american imports coming into effect today levies on imports valued at close to three billion dollars include iconic u.s. goods such as the harley. perhaps it's fishing that in this new we are a un free trade it is the harley davidson the symbol of postal freedom that's going to be hard hit the e.u. has introduced a twenty five percent import q.e. on american made motorcycles. customers who ordered their hauled before the new

tariffs will still pay the old price for everyone else an extra twenty five percent means thousands of euros more the dealership would prefer not to say if and when the extra cost will be passed on to consumers but over time it is almost certain that these much loved motorcycles will be more expensive neither the dealers nor the makers of willing to absorb the new tax but a true holly fan would be easily deterred. but also the sound and the feeling is if you look at sort of feeling is a feeling of freedom i have many friends who ride it's definitely had an effect on me if you had to make as we'll be counting on the brands popularity to keep up demand how the davidson comes from the state of wisconsin which voted for donald trump at the last election last year the president was predicting that the company would flourish thanks to tax cuts instead it could be looking at

a drop in revenue. and as the trade between the u.s. and e.u. looks set to escalate further some may ask how could it come to this my colleagues in the business department came up with this explanation. president trump kicked off the economic tensions at the end of may when the u.s. raise tariffs on imported steel and aluminum to twenty five percent and ten percent respectively trump also raised the specter of new duties on cars as well president trump says the move will strengthen u.s. industry he claims the terrorists will help us based companies to produce more steel and cars for the local market brussels was appalled by washington's plans now the e.u. has imposed tariffs of its own against u.s. products like whiskey and motorbikes raising the price of the goods throughout the block in response the u.s. announced it will retaliate with fresh tariffs on even more european products the

dispute is threatening to escalate into a full blown trade war an economic conflict between two states where terrorists are used like weapons to weaken opon and and thereby strengthen the domestic economy but what could president trump hope to achieve to buy american that's what we want buy american the e.u. has a lot to lose because it exports more to the u.s. than the u.s. imports from the block the trade deficit is one hundred fifty one billion euros and that is something trump is hoping to change. interesting times we live and that's all for business for now thanks for keeping me company.

trying to. choke off why we take football personally. i'd rather we all ones win the world cup but what's the outlook for germany squad in the run up to their match against sweden. two soccer legends are here to tell us what's what you know tell my children and the child by a lot. more

intrigue on international talk show for journalists to discuss the topic of the week chancellor merkel and so back to the wall as tensions are mounting germany's refugee around the question is can she come up with a solution to prevent her government from being blown apart find out on quadriga coming up shortly. sixty minutes. warlord oh. they make a commitment they find solutions. they inspire. africa on the move. stories about people making a difference shaping their nation. and their continent africa on the

move stories about motivational change makers taking their destinies into their own hands w.'s new multimedia series for. d w dot com africa on the move. again. it's time once again for the ultimate football twenty minutes. you millions and millions of people watching to see who will be the next world champion for the.