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tv   Business  Deutsche Welle  July 5, 2019 10:30am-10:44am CEST

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he took part in the greatest adventure in history. and. knowing. the legend was simply a human being. was new armstrong starts july 20th on t.w. the. iran shifts from patients to confrontation to iran boosts its nuclear activities again as the latest u.s. sanctions proved much harsher on the economy. china buys with the european union for the massive investments in a new candidate state montenegro is competition good in this case. a good leader. those lucky enough to have access to dollars or euros are best off into iran's ground the anger is palpable. if the situation remains like
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this we'll have to leave iran we're trying very hard to get out of a country differently there's no future here. as you can see iranians need bread rather than nuclear programs they want their economic situation to improve the point is that you can't fill up your kids' bellies with nuclear energy. the new u.s. sanctions also make it practically impossible for german companies to do business with iran firstly because hardly any banks are willing to handle the payments leaving the iranians with no way to pay the invoices and also because washington has threatened retribution against any companies which continue to do business with tehran. out of the many companies which set out to rekindle their old business
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relationships as soon as e.u. sanctions against iran were repealed only 60 a lift and then more or less just keeping an eye on the situation on the ground rather than actually doing any business there are companies like multivac german midsized company and global leader in food packaging during previous sanctions it was still able to offer services to its iranian clients to keep their often decades old machinery running but this time around not even that much is possible any activity in iran could cause incalculable damage to multivac elsewhere cut off from the outside world with rampant inflation and unemployment rising the lives of ordinary iranians become harder by the day. why is director of the think tank. the sunday deadline for getting the us to essentials passes can we expect.
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well we will have to expect is that iran means business that means that they will exceed the limit of 3.67 percent. grade of enrich uranium and this bill certainly further complicated the whole discussion about the nuclear agreement or the g.c. and we have to expect that what impact that you say other people you can see immediate impacts that suit prices as we have seen in your report are going up any goods that are important from the outside. prices are spiking we can see mid and long term long term effects in the way that people are losing confidence in the future and there is a lot of uncertainty as the as to where the economy of this country is is going to and that uncertainty is really hard for people to do that just so just how badly has the economy been hit would you say. i mean the economy has not really been in
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good shape anyway before the sanctions the new sanctions regime certainly exacerbated that that economic model is what we had corruption and mismanagement and it has been there before and sanctions are just making it even even worse and that there is all no sense of a collapse of the economy but at least there is a lot of our hardship now just lastly trance strategy is to use these sanctions to turn the iranians against the government that's a strategy is it working. that is certainly not working for a couple of reasons 1st because the iranians are realizing that it's not just their own government that can be blamed for corruption mismanagement but also the outside world knew the u.s. for the sanctions 2nd the people who live under economic harm should have the time for political activities or to be acted in sort of movement they have to meet their needs they have to try to meet the needs of their everyday lives so they are much
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more busy these questions and the minute establishment has been always capable of feeding those who are in most need so we cannot really expect that the people will turn against the government there but certainly the hardships felt and the 2 sides are really their own government as well as the us. by director of the think tank capo on those sanctions and how they hitting the iranian economy thank you very much for joining us now pleasure european central bank member ali hain says the economic slowdown in the euro zone is no longer temporary and he says the bank must develop policy alternatives if the slump gets any worse because the book slowdown has lasted over a year and has been aggravated by trade tensions. i asked our correspondent code red bulls and what alternatives are on the table. well then for example the european central bank could consider buying other assets instead of bonds for
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example company shares stocks this is something being discussed among central bankers the european central bank could also make some of its very unconventional monetary policy measures bolder for example it could push the negative deposit rate further down in negative territory you know that's the rate the bank introduced in order to force commercial banks to give out money as loans rather than keeping it many people on the markets believe that this is exactly what the european central bank will decide at its next meeting later this month the european union has spent several years trying to advance the economies of the western balkans but it's got competition on its head in montenegro china is pumping funds into the e.u. candidate state at an increasing rate and companies and besting in infrastructure.
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china's road and bridge corporation is building a brand new highway across montenegro from the capital pod go richard to neighboring serbia price tag 840000000 euros an entire village of construction workers has moved in from china for the project one of a series of construction contracts won by the chinese in the balkans. it's part of china's belgian road initiative or new silk road the global infrastructure project which will transport chinese goods directly to europe chinese investors are also taking over profitable businesses like slovenian kitchen appliance make it go in year which produces mostly in serbia but they're also buying up some of the struggling heavy industries left over from former yugoslavia beijing paid 45000000 euros for this ancient steel plant in cement edible rescuing 5000 jobs in what was a somewhat crisis hit region. china's multi 1000000 offer for the former state
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owned couple mine are to be in the eastern serbian town of bor also trump the competition copper is now being produced there in line with chinese standards. financial analysts like friedrich book of esther bank in vienna say this is just the beginning of some problematic developments. in for of course china has an advantage it doesn't ask about what the democracy and political conditions are like there it also isn't worried about the legal situation which of course the e.u. is already doing from a governance point of view. that gives chinese companies an unfair edge in tendering procedures another edge they have over european companies is that the millions in loans they get from chinese state banks are often interest free and paid back over 20 to 40 years by which time inflation will have cut their value in half and the balkan states especially which had for
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a long time hopefully you membership now prefer to look to china. says europe has lost out on some economic opportunities he shows us the plans for the new palace at bridge in croatia it will connect the southern coastline with the rest of the country even an e.u. member of croatia the china road and bridge corporation snapped up the contract beijing is planning a total of 900000000000 euros for its new silk road and wants to do a great deal in the balkans regardless of the implications. jobs are a battleground going into greece's national election this sunday the government's austerity drive has left deep scars youth unemployment in greece is at 40 percent the main parties leading in the polls strong economic growth is a big topic as a way to create better paid jobs many of the young people most 5 work are you know that's a full contract. ask them is considering drawing the curtains on its wall famous
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brothels the mayor wants to establish ones with windows displaying prostitutes either shut down or at least have the curtains closed. all day and all night amsterdam's red light district attracts thousands of tourists every week but many of the sex workers it employs in its 330 brothel windows think the visitors aren't paying them enough respect. they look but they don't buy complaints one worker and amsterdam's numero greece women may storage mothers me most is the way visitors treat the sex workers quite often large groups like parties or groups of tourists take photographs of the women they laugh at them and mock them these women are at work they're vulnerable i find out so humiliating i don't find it acceptable and it's different to think. among the changes she's considering is closing the curtains so that workers are no longer seen from the street another would be to move the red light district out of the city center altogether which would
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disappoint some visitors maybe they can control it in a bit in a way that we can minimize but there are things going out but i think it should stay it's a shame really as i think the culture keep it all open so we keep coming back hamsterdam may have to choose between protecting its sex workers dignity and preserving its tourism industry. business with.
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the. zen. thank you thank.
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you. hello and welcome to news from the world of arts and culture experimental musician and composer holly herndon is my guest in a minute also coming up camberley legendary techno club scene survive gentrification or will ravers soon find themselves without the dance floor. and a prize winning photographer as beautiful yet unsettling photos of the art. but we begin with holly hound a musician composer and i would call her experimental sound artist she's played in bands but in more recent years she's been
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a solo artist although on how the latest album she has recruited a rather special collaborator and not a human was. all about that in a minute after we hear a taster from the album proteome. and holly hand and.

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