release maybe staring down a mountain of debt but the e.u. says the financial crisis is over. those stories and more coming up again looking in the studio and we leave it to you thanks shortly. time for an upgrade. our furniture there grows all by. us with. design highlights you can make yourself. tips and tricks that will turn your home to a special. upgrade yourself with interior design channel on you tube.

i'm not proud of my will not succeed in dividing us about not succeeding taking the people off the streets because we're tired of this dictatorship. taking the stand global news that matters. made for minds. this is the w. business live from berlin here's what's in store for you today at historic lows inflation and unemployment in the double digits turkey heads to the polls on sunday is president out of onset to lose his grip on power over the economy. turmoil brussels hits back at washington stealing the. e.u. taxes on u.s. goods come into force today. e.u. finance ministers and. the greek debt crisis is over push the payback deadline back

a generous ten years. as welcome and we're starting in turkey where severe economic troubles weigh heavy on voters' minds as they head to the polls on sunday for general and presidential elections 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 w.'s julia hahn reports from istanbul. machines are still rattling away in this istanbul printing house taking bello has been in charge here for over thirty years but he says business hasn't been this bad in a long time. paper ink most of the wrong materials we have to be imported. because the miracle is getting weaker and weaker against the dollar. cost of increased

a lot. the only thing we can do is struggle to survive. so why would there be to make. many turkish people share bowels frustration prices are rising because the lira is worth less and less. unemployment stands at over ten percent just ahead of the election the economy is casting a shadow over the country's mood. sensient just isn't enough we can barely make it to the end of the months. against not even young people who've graduated from university are unemployed malia everything is expensive or 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 mess because he made

bad decisions in prosperous times. rather than sectors like the farming industry or exports out of the money was invested in construction projects and domestic consumption it was a mistake it was economic growth through doping they brought nothing but high inflation and didn't help reduce unemployment. it's a ticking by a little sprinting 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 from ankara i'm now joined by a. seasoned entrepreneur and vice president of the church of turkey's mechanical engineering association this is your must thank you very much for joining us is the

turkish business community happy with the current government. yes i think our duty is to gook to work what we can do turkish machine is just. working very hard and old which has been shown in the last fifteen years such as. total trade between europe and just between germany and turkey has been increased by six hundred sixty six per cent in the last fifteen years for machine dusty they are working. well they deserve this is this is a very noble attitude that you think you need to work out but if you look at the picture the liras down the stock market is down inflation unemployment and the unemployment in the double digits trade relations with the e.u. and human and the us are under severe strain the budget deficit is up seventy eight percent in the last five months alone you can't be happy with that.

it depends up till the point of view from my point of view in the last five. in the last five months i mean in the year two thousand and eighteen the. export has already increased for example the germany it's increased by sixteen per cent in machinery in dusty and we are working very hard of course what you have set is right about the weakness of turkish lira but this is special point i mean it's a period of time you're right for this period of time but economic things should be viewed from the perspective of a much more medium to long term i and i and i couldn't agree more i couldn't agree more but are you confident that in the hands of. time they turkish economy is in good hands for the long term. you mean that for

the past or for the future for the future. for the future economy economies something in the which is very. rich is very. how can i say a. technical thing and technical people how you can see that two plus two is for the economy things should be simple or everybody saw it after the election for both candidates for all candidates has already been explained that they will be the they will be getting the same almost the same policies so i believe that in the next future there will be no problem i believe that the european companies and european countries will be standby for the upcoming six months but after the six months after following eps after all deserving let's winger i believe then everything will be normalized because there

is the harm of enormous i mean if you look at the latest polls out of one is it is still too close to call whether he will win the presidential elections and he looks set to lose who the parliamentary elections effectively he will lose his grip on power that can help you come it. to tell you the truth this election is a little bit different difficult to tell about to put cast about the future because even the polling companies could not work the focus properly because i've decided that people do not reply and the percept is not small it's over ten percent so there is not is not clear yet what they were the think will happen we are not sure about what will be coming on i mean who will be elected but for us the most important point is. independently who will be the leader what candidates or all candidates is focusing on the same subject both of them are talking about

lifting up the state of emergency for all of them are all about a letter of fiscal discipline and we are hoping that it will be a soft landing for the military type monitor of this of the policy so everybody's telling the same thing so independent of who is will be elected the future is almost the same for us ok so i can only spend a few thank you very much for joining us today think of it what i have. of might leave the u.k. of britain leave the single market and customs union without a transition deal is the european aviation group strongest warning yet over the impact of a no deal breakers it employs about fourteen thousand people at twenty five different locations in the u.k. british prime minister terrorism a has ruled out staying in the customs union the u.k. is due to leave the e.u. on the end of march next year.

in retaliation for u.s. tariffs and still another minium 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 included including iconic u.s. goods such as the harley. perhaps it's fishing that in this new era of unfree trade it is the harley davidson the symbol of postal freedom that's going to be hot heat the e.u. has introduced a twenty five percent employed g.e. on american made motorcycles. customers who ordered their haul 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 deal is nor the make is a willing to absorb the new tax but a true holly fan would be easily deterred. but also the sound and the feeling. of the sort of feeling is it getting the freedom to have many friends who ride again it's definitely had an effect on me doesn't benefit. 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 that's all from me for now let's recap our top stories today turkey is heading into presidential and parliamentary elections on sunday to severe worries about the economic situation

that. brussels is hitting back to washington. on u.s. goods coming through for today. e.u. finance ministers agreed to push back the deadline for greece by ten years greece is ready to. the financial markets again thank you very much for watching the business b.t.w. business before you go here's a real time check on the global markets this hour thank you very much watching my back. from.

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