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tv   Business - News  Deutsche Welle  October 5, 2018 3:15pm-3:31pm CEST

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use in september germany face the netherlands and world cup champs friends. you watch and give you news care hard will have your business headlines in just a minute. and on demand. language courses. videos and or you know. any time anywhere. center. germany state by state. colorful.
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the liveliest. the most traditional find it all at any time. check in with a special. take a tour of germany state by state on d w dot com. it's a lever as us brussels as a new finance ministers meeting in school this standoff continues the populist government and rogue wants to keep expensive compliant promises but brussels says welcome to the real world you just can't afford it we'll talk to a member of the italian government to explain. recycling in russia how people in a small town outside moscow trying to learn to benefit the benefits of salt to your tribe. this instead of your business as well come how to avoid
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an all out trade war with the u.s. that's of course the main topic of friday's summit of a huge trade and economy ministers in austria but ministers will be keen to discuss another issue too and that is italy italy has accused the european commission of ruining it rome is determined to fulfill its electoral promises of lowering taxes and the age of retirement but that would increase national debt the european commission insists italy must first soften its fiscal discipline instead italy wants to reduce the end of a mystery but tax dodges in terms of national debt italy is second only to greece in the e.u. . so quo vadis italy let's bring in someone who should know because she is an undersecretary of state of the ministry if you know my development and joins us now from the used meeting then in spoke mr secretary there's been some
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harsh rhetoric coming from rome there was talk of the e.u. ruining its of the material so that the commission was wrecking europe is it any other way to become the next greece and if so is that really the e.u.'s fault. absolutely not today's situation between you and italy is it very different that you will see in the next few days to a truly did you proposed plan to have the sound of money being spent on may experience and you know i think most analysts this so far are focused on these a ratio of back to two g.d.p. but we just from an emphasis on the rate at that data we do want to focus more on the lower side of the equation that they know we need to growth in the colony which i think is the only credible and sustainable way to turn a country into a sustainable captive for the long term so i do believe that once these issues that are a fact that i don't lease to make theirs and the whole you and they both will fully
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understand if we appreciate the scope and all of our plan is there as it will be you talked about growth the you base the promises on new for cost assuming economic growth of one point five percent next year the european commission expects its allowed to grow one point one percent and your own to their the main lobby group representing the tell you in a business this week cut down its own growth for cost to zero point nine percent is that still you still believe all the. i think so because it goes nowhere is that you mange of the one percent aim to have come out before documented as being fully released good and so does noting the details of our own makes madame that any no way. they fully read in the plan they should lead it to a war with each of those estimates that it might take them a little before time based if they change the long document to let the fact is
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exactly what we have changed over the last year and what we have worked over the last few months for them to actually deliver a plan that they're focused on growth in these numbers have not been out here so for guys i believe it will be revived very shortly ok the government has made a lot of promises before the elections and in the budget welfare to the. page tax and pensions reforms and it looks like it can finance them does that prove that populist he's a tough time to adjust to real world economics. when i don't think so because you see the planet we have to for example fall. so far beneath our civil. at that to believe that consumption then so little more then. goes back to get one i mean if you recall back in two thousand and eight and you mention at the beginning of this occasion we research the difference is also that it's now almost at least and most economists understand that the difficulty is that i mean one
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minute closer to one point five one could save even two incomes a thoughtful one dollar spending to even only baynton all on tax cuts of all on the universal basic income more than one goes back into the economy and because of these very important to to g.d.p. ratio is already more than one even a one to why increase in basic to a beat eight. ratio just out this is how the math work at it again is not what you see even higher than that this will be an improvement east much more substantial investors are already selling italian debt borrowing is already getting more expensive do you think. do you think your government is doing a good job there or all all in all to make the difficult for yourself right now. you know all this short term and maybe a big circle into because the market as we said they need to days to digest the
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diff will explain every forms and a plan and it's not a one page documents by prolonged optimise all the time into the marketplace but to do not expect it what i would have been increasing the yield of the last few days or actually we have a big coming up over foreign direct investment into industrial cotton we have one of the longest or historical wife manufactory need to lead and to be bought by where we are sad should be involved a few days ago we had the eight traditional motorcycle company model more really big bold so who we easily to be dr berlin seem to financial market is perceived to be on the ball the market but very strong interest in the real economy i mean a and this is what exactly very good use of for people to focus as i say on the g.d.p. side of the equation to see russia very briefly if you can what's the oh your feeling at the meeting there and. getting support from your colleagues that went to
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disguise to reform a little bit dug into your trade war with what the role of europe can be and you know way some optimus came out to be closer why is the a thing china who are you on tyrion to europe and play a very important role being out of this war we still have one of the biggest economies even if the growth is not i thought of course as the asian markets asia remains a very strong market for us the a.b.c. flouride is at an opportunity thank you very much because i got out she under secretary of state at the ministry of economic development and writing things about that. canada is hosting senior ministers from thirteen nations later this month to discuss the future of the world trade organization however only ministers from quote like minded countries are invited and that means the u.s. and china off the list the like minded include australia japan south korea and the
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e.u. the talks will aim to find consensus on reforming the w.t. older canadian trade minister said that countries that believe in international free trade can join talks in the future president trump has been repeatedly critical of the w t o saying it treats u.s. companies of workers unfair. to russia now where trash and costs for removing it are mounting starting next year citizens are supposed to participate in garbage separation the move is also intended to lower the cost of waste management a small town is already trying to see the benefits of sort of you know trash. a street party in surrounds a small town six hundred kilometers east of moscow it's being held to encourage locals to sort their waste something few people in russia do among the organizers is twenty two year old political science student victoria was the area seem like news days in the prevalent him at the point of this event today is for a local residents to find out more about what sorting. events like this sicko
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organized biota monday's a german company that specializes in recycling infrastructure in two thousand and eleven it set up operations in sirens and has sound working relations with local authorities. that he she said but he says it will be come out of it when you monitor two thousand and ten when the government of the republic of mordovia was struggling to cope with the amount of refused. to go there with remote set up a company of them outside which is now organizing waste disposal. it seems like everybody's satisfied for you. but even in surrounds why sorting is not practiced everywhere the town has five thousand recycling containers but only eight hundred of them are used. it's normal to sort your trash if that seems it's a least we can do to make our world a clean a place that was the nationalist thought he should yes want to do is about wouldn't you do all i want you people from my balcony. arrive with their bags. and then they
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separate their trash here. ramond these hopes to profit from growing public awareness of recycling in russia it currently has two hundred eighty two staff in saran skin plans to increase that figure by the end of twenty nineteen it wants to have a sorting facility up and running here until now glass has not been recycled due to a lack of funds for bottle banks a widespread problem in russia. that's one story with there are no official regulations governing the financing of waste sorting a lot nowhere else in russia has a system like this one here in san francisco because it's remanded itself who's paying for it but the company didn't want to deal with it. which means a dent in those profits of course but the company is confident the example of surround school be followed by other towns it's
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a hope shared by victoria or syria after graduating from college she plans to take her commitment to the environment to the professional level just because deviation everything you buy in stores has plastic packaging plastic is destroying our world it's wild that we separate our trash and recycle the raw materials freeze only a tiny proportion of refuse in russia is sorted at source but victoria says she'll carry on fighting the good fight and leading by example. and that's it for me and the business team yeah and then there's more business news coming up in the next hour right now here's a look at global markets. cut
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