not an option peace month and the other day are stuck in the spanish border area. alongside other young people there waiting for a chance that will probably never come. shattered dreams starts june 18th, on d, w. i. iranians went to the polls to pick up the president on friday and election that could mark a crisis in the regimes legitimacy if disillusionment drives the turner to below 50 percent. and to that, an economy brought which needs by corruption and us sanctions. people might be moved to wonder, is there any point in voting? i'm fil gail in berlin, and this is the day the

lead to really are contrary to any. i'm going south free and fair elections. my mom, people know how important these elections are for the country own fate and crippled iran and then the woman with a benefit to all the people themselves. so i go out make your decision. my name is ryan, i don't i didn't. i voted for years ago, things got was hard. this is your order to call the company. is it more and more welcome to the day we begin in iraq where people have been voting and the presidential election. that despite the q at this pulling station turn out is expected to be low

as widespread apathy among voters after hundreds of candidates including prominent moderates, were borrowed from standing. the front runner is ultraconservative clinic abraham racy. many voters also angry about the impact of international sanctions, unemployment, and hotline rule. jamal pro vc is on his way to a construction site in northwest here on he has been on his feet since 5 am. he runs errands for the workers and transports construction materials around building sites. for all this work, he gets about $140.00 euros a month. the minimum wage and iran holy can be, my expenses are greater than my income. she's to be able to buy a meter fruit. i would have to earn 20 years more per month. it is especially difficult for someone who has children, you know more, more talking to me. he says he's glad that at least he and his colleagues still

have a job. the unemployment rate in iran is constantly rising. but the feeling of little reward for a lot of work is growing to his end to get i would like to be able to save some money on the pass and he went to number one and i'm only 40, but my hair is great and someone wants to feel the pressure is like a wait on me from early in the morning to late at night. so shut in iran, corruption, mismanagement, and tough. un sanctions mean more and more people are falling out of the middle class, disappointment and anger towards the state, which people say does not support them are growing. now sir, they show that only about 35 percent of the people will vote in the upcoming election. well, i haven't been able to pay my rent for 3 months now i'm sitting here. i don't have anything at all. i don't know. what? sadly the politicians lie all the time and just make empty promises. me on that, and i'm in the evening,

we meet jamal at his home. he lives in the south of tehran, about 2 hours away from his work by bus 5 years ago. the family will lower middle class all that is left from better times is the furniture and their small rented apartment. jamal is most afraid that he will lose his home, that and the future of his 2 children, which i don't need to do is why does it have to be like this? i work every day from morning till night. why can't i even provide for my children properly? no, it's not showing time in the home on television, the leading candidate makes a big promises to improve everything. jamal doesn't believe it anymore. he too is considering whether he will vote at all. oh, what we have always voted. we have never seen any improvement. in fact, it's the reverse. today our lives are more complicated than ever. well, that's

a 10 issue. that's the feeling that jamal and his family share with many other arrangements to well, my 1st guest is a german, iranian political scientist for the focus on iran. and the middle east is the author of the book, iran in an emerging new world order from dinner just to honey and explore the country's foreign policy and international relations from $911.00 to the rise of outgoing president. has sunroof honey, dr. ali itala and jad welcome to the day, let's start with the question i posed at the start of the show with hum, pick candidates, send a corrupt economy in taxes. is there any point in voting well, this time around? for many iranians there was no point in voting. the thing was true in last year's parliamentary elections, which also so shortly, low voter turnout. there is widespread disillusionment among average iranians.

these are the all aspects of the regime, be the clerical or military be the reformist, or hardware. and also all the reports that we are also seeing from inside iran, including yours, just confirms this cut and this kind of voter apathy is quite widespread. ok. i also said that the are, they regime needs a decent to turn out in order to maintain its credibility. i wonder actually if i was telling the truth because it seems like it just so long as it's empower, it doesn't be much care. one way the other well, in the past it did actually care about also turn out. so during the past presidential elections or to turn out was quite hide about 70 percent. but this wasn't the framework of the choice given. so you're ronnie and that they can choose between what your audience commonly referred to as a less or a larger you go the last or, you know, being a reform it's candidate logical being hartline canada. but this time around the

situation is different. now it's only because of the 3rd for a monopolizing power of the hotline, which we can't witness. but also because that people have no more trust in the reform or the mattress that they are. it's, they actually have would have some credibility and delivering on those promises that they will be made to the iranian people in comic and political terms. so the capital of trust, the trust, the confidence into those. margaret ford, it's so close. margaret forces we have to say it's totally branched, and this leads us to the fact that actually the largest group in today's iranian presidential elections are those were not taking part or why the election. and there has been quite a strong of course, quite a strong campaign to by this time abraham racy is the man who people are

looking at has been likely to, to win. who is he? well, i mean, he had a long record of serving in the song republic when he was about 19 or 20 years old . he, after the revolution of 979, he had physicians in the judiciary. and he was implicated in the mass murder of iranian visit, and at the end of the 1918 by the end of the iran iraq war, he was part of a 4 man committee appointed by a humane he the leader of the sonic revolution. so he has a lot of blood on his hands for sure. and this is why he's also on the un un sanctions. more recently, he was the have of one of the most important economic empires at nissan republic. the austin was that as a v in the east of the country appointed by the supreme leader. and he was very much, you're very close to the supreme leader and the r g c. and there affiliated at the

center of power. and currently for about 2 years, he serves as the chief justice of iran. so he's considered to be very, very loyal to the most conservative elements and the information that man i went to j, i mentioned that a corrupt and fading economy. and of course, the american sanctions which have further pushed the 9th and have any of the candidates proposed credible remedies for iran, severe economic hardship. i indeed can anyone fix the economy while the u. s. is applying so much pressure? well 1st of all, as you said at the beginning, you're wrong. the konami crisis did not come up with the us sanctions they've got worked with us sanctions. so the bulk of the problem is hom, homemade and is those understood by a lot of iranians? so none of the candidates had

a credible policy program. so during those 3 categorize the base, you didn't hear much stuff. then the only thing is that everyone raised the front runner. he was making a lot of populace economic sledges focused on eradicating poverty and fighting corruption. but this is, you know, very clearly economic populism, and that there is no indication that the regime hotline, as after a whole, have privileged access to the well, nissan, but public will choose to provide this well, in order to prove the situation for the people. ok. thank you for that. that's very cleared up to alex teller. now, jack, thank you. that's my home. the last time you saw the french president up there on the screen when we had a new kind of press conference. decided that he is here in person.

once again, my name manuel m a. cron is the 1st foreign guest i have received in the chance flurry this year and flung the missy book. woman. thank you, chance to la miss angela on these ladies and gentlemen, i am pleased to visit germany once again. one year after i was last here with this . if i have thought up on the panoramic kept as a part of it, but we kept in regular contact. people sitting near the stones, come to help them national city. yeah. it's really rather lovely. i'm just going back to welcoming the french president emmanuel macros to been lead housing talks ahead of next week's european council meeting in brussels condemning restrictions. mean this is the 1st time this year, the chancellor. welcome to visit from abroad, and it's likely that this will be their last formal encounter. they're lean 4 years ago, newly elected friend, president emmanuel, my call meets german chancellor and go america. both out to threaten the bone

between france and germany. a year later, emmanuel mccall received germany's prestigious charlemagne prize in often in recognition for his services to europe and in 2019 france and germany renewed the treaty of corporation in a show of unity unity. so the unity, silly derek, who is, you know, he's in some, these are points of the treaty. europe would not survive if he would die. germany and france have a you civility to create, to, to realize european sovereignty don't. it is a tremendous as wendy france and germany intensified collaboration between the parliament as a result. but m as in michael wanted to go further. he thought to reform the u. s. own, but he got 9 from fiscally conservative angle america,

who's seen objects any plan to have a proper budget for the european union. the pandemic last year made her cave in to some extent when germany agreed to an e. u. recovery fund of 500000000000 euros. an important when from home on this i, most i recall to recovery find has to make a contribution to ensure that all states in europe can react accordingly. and that also requires an exception of one off efforts to which germany and france are ready to dissipate provided when it came to diplomatic issues market and my call mostly. so i to i, paris, and berlin revived no money for math to find a peaceful solution to the walk in the dumbass region of ukraine. there's us to, to get to maintain the iraq nuclear deal. and when the relationship between bending and washington was at a low, harris acted as a mediator. but the difference in tone became clear when it came to russia with a manual home, much more uncompromising with vladimir putin than gala merkel. and with france,

way more critical of the notes to into gas pipeline project in the baltic c, a project always supported by berlin. today's reunion in berlin, between the 2 leaders might be the last of it's kind of bank of america will leave her office in september. but those 4 years of corporation did give a new impetus to grow the relationship between the 2 countries. as talk about the relationship between the 2 countries with emanuel the shelves is report you've just been watching. welcome emmanuel, we do here and talk a lot about the great bonds between germany and france. but in that report that you mentioned, the big international issues on which the 2 countries have worked together, ukraine and russia and iran even relations with the united states. and it's hard to see how any of those could be described as a success. so is there really anything more to this relationship than was well, you've seen overdose past 4 years between m i m calling on gala america,

that they did their glee mostly on foreign policy. today's talk tonight saw between the 10th and the french president. we'll. c talk about russia, we'll catch up on turkey for example, and go america. the german chancellor. acknowledge that russia was still a major challenge for both france and germany, but that the dialogue was very necessary with, with russia, which is europe direct and geographical neighbors. she did acknowledge that the dialogue with let me put in was difficult, but also highlighted the importance in fact, of maintaining that dialogue so time you as president joe biden, for his recent encounter with me through to him. other, my call also usually has a tougher stance when he comes to russia. it said that a shed line between france and germany must be found to cooperation that they found to do with russia. so that's a come on ground is also a common ground,

found into dealing with pandemic, even areas of agreements. and you've talked about the common ground which, which we get. but in terms of this relationship between germany and france, they may agree on lots of things. but have they actually achieved anything? well, just like i say they achieve, they do chiva dialogue with, but that's a diplomatic solution to some of their conflicts when they maintain to dialogue with russia. when they maintained a dialogue with turkey will give the window for you up to solve issues. for example, the migration issue can only be solved when does a dialogue between car and paris when the dialogue between ankara and belinda with an even if the interests of the 2 countries. my diverse, even if the tones diverge between the 2 leaders. well, there is a come a line and a do succeed in one c, and that's the diplomatic approach to in foreign policy in general,

given the chancellors implacable resistance to president macros, grand division for european reform. i would be secretly glad to see her go well again, not thing to do c. i to i in international instances, for example, in the g 7 in nato meetings. i think that that appreciation between the 2 leaders, even if the tone is different, like i was saying. and let's not forget that. even if mark eli stepping down from the chancery in, in september. well, in my michael, we've also faced elections next chair. so this will only give him a window of 2 months to give again an emphasis to, to europe, to try and set in motion some reforms that he couldn't lead because of america we left and so far they didn't leave political correspondent and manual shots. thank the international effort to raise money from that is where the refugees and

migrants begins today. more than 2 years after the country was plunged into crisis in 2019 us sanctions against the regime led by socialists because my daughter contributed to an economic meltdown worsened food show fish and sent millions to neighboring countries such as columbia. then the pandemic case and through those countries into turmoil as well, things got so bad that many and now returning home, oscar shlang reports they come in and take walkers, millions of them have left venezuela fleeing the countries humanitarian crisis. now, some of them are going back. the pandemic and political turmoil in neighboring columbia has prompted a wave of williams worn down by economic hardship to make the journey home. i left them with the goal of succeeding in helping my family. but now the prices

are too high in columbia. i could not make and i mean louise and he has just made it back to venezuela after walking for 2 weeks with his family, from the columbia in capital bota. they survived on goodwill along the way, but that dried up when they cross the border. the situation at home is dire, and g o say that the country needs much more international aid to stave of crippling hunger financing way below what is necessary in regards to the dimensions, the crisis in the country, the numbers are she for even the age that does reach venezuela is hard to distribute activists effort, often hampered by fuels shortages, violence, corruption, and political meddling. according to the world food program, venezuela is among the 4 worst countries in the world with food and security. and

the un predicts that by the end of this year, 7000000 people could have loved been as well. i'm making it the 2nd largest migration after syria. yet humanitarian aid for venezuela is that it's minimum and the rain, a better mood is thought about joining the exodus, but says the risk was and is too high with young children. through her eldest daughter school, her family received food and educational supplies from unicef until december. now they're hoping more a can restart, the program will not be the one that i see. i notice that when we received the aid, many parents were happy and thankful mostly for the food, because we could give the children in our school a balance meal. and so the plan to make ends meet the stay at home. mom relies on what she can find to be. a neighbor has extra eggs of sale, but the supply of cheap food is sporadic. we cannot buy imported products in regular supermarket dollar prices. this isn't the we have to settle for small

market to me. home vegetable, much for places that sell a better prices that fit in them. i know that is the venezuela becoming anti is a walking home to a country still ravaged by economic flying. its people still struggling to feed themselves and still waiting for international help while the international don't a conference in solidarity with venezuela. refugees and migrants was hosted by colleges minister of international development, the hon. corrina gould and pay. and she joins us from ottawa. welcome to the w. let's start with a money chalet. what was your target and did you reach it? well, we are very happy with the pledges that came in yesterday. we raised $954000000.00 us in grap and $600000000.00 in loans from the international financial institution

. so it was a 45 percent increase over last years donor pledging conference for graphs. and so we're quite happy with the outcome. so what will the money be spent on oh, well, it will be spent on some of the things that you, you were talking about in your program earlier. i mean, food assistance is one of the most important, making sure that children and adults have access to healthy, nutritious food, also on health care services and education at transporting humanitarian goods around, as well as working on livelihood support for venezuela, migrants and refugees, as well as working with the host communities, columbia, for example, and other countries in the region have dated that they are going to offer temporary protected data. and so enabling those systems to take place will also be where the funds are being sent. ok, and bits from what you said,

this sounds like this is more about sort of urgent assistance dealing with a problem that is that you can see in front of you now rather than sort of feeding future development. it's a bit of both. so there is an urgent crisis right now that we need to respond to and that is the humanitarian crisis that is happening inside venezuela. but also in host communities that are hosting, you know, 5600000 that as well. and right now in the region. but then there's also the longer term support, so there were $600000000.00 in loans that were pledged by the world bank in the entire american development bank. which, you know, are designed to work with home country governments on longer term solution. so they're both, we know we have an immediate humanitarian crisis, but we're also working on that longer term development because even if there is a change in men as well, you know, things are going to get better media, right. president, maduro though would have us believe there is no crisis in the crisis then that's

because of us sanctions. so how do you work on those longer term projects with a government that is in so much denial. well, the focus of this conference was really about humanitarian assistance and from candidates point of view in the international community point of view, we really do try to decouple humanitarian issues with political issues. and recognizing that, you know, there are 7000000 people inside venezuela who are in high acute food and security. and so we work with trusted un partners and the international committee of the red cross, for example, to get that assistance to people inside of venezuela. but on the longer term development, that's really what we're working on with neighboring host countries who, you know, in columbia case have 1800000 venezuelan migrants and refugees and peru in ecuador

have similar proportional numbers to their population to ensure that those then it will in migrants and refugees can have a more regular status, but also access to those very basic government services that they need to to be integrated. thank you for joining us. corrina gold and canadian international development minister. thanks for having me. the time for a quick line of football, danish midfield, a christian ericsson has been denise from hospital after nearly a week is of the cardiac arrest during denmark's opening match up the euros and had to be resuscitated or receiving further treatment. fans and teammates gave him a minute's applause during denmark's latest match. in spite successful surgery, it's not clear whether he will ever play message the day is nearly done, conversation continues online, you can join us on twitter. i've at the w news. you can follow me at phil. gail,

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me. ah, excuse me. this is e w. news i from then holds close in iran's presidential election. nearly all reformers candidates bod, from running? what choice did people? danny have also on the program. and president manuel macro visits german chancellor, angular battles of possibly the last time before she fell down. in fact, once installed the franco german french. ah,

i feel gail, welcome to the program. both are closed in the rounds presidential election though some polling stations have extended that hours to and from night comes to that it was expected to be low because of widespread apathy. hundreds of candidates including prominent moderates bod from standing voters are also angry about the impact of international sanctions, unemployment, and hotline rule. a new day, but not a new dawn. as the curtains rose at around selections, the old guard remains firmly in control. supreme leader told the company, casting his vote after barring hundreds of reformers, candidates from running with their choice is limited. many have decided to stay away from the pools turn night is projected at a record low. but i am, i'm sure i wouldn't because whether i do or not, someone has already been elected. they are only organizing the elections for the

media. posing for the cameras, the man likely to become around next president hard lane candidate abraham, right. you see is point to succeed. the moderate has sandrani shifting power even further towards the conservative clerics. this will leave the hardliners in charge of negotiations to revive and international deal to limit runs in nuclear enrichment. those who did turn out to vote lament the crippling us sanctions imposed after the trump administration withdrew from the deal mobile and about michigan that we don't have an issue with the way the election is run or with the regime. but the state of the economy has been hard on us. this problem should have been solved, can be sure if it runs new government feels to address its economic woes, accuse could be even shorter. next time pulls open. let's take

a look at this with journalist and political analyst at nigga motors ave, who host the iran podcast and joins us from washington. d. c. welcome to d w. let's. let's start with the presidential candidates. iran's guardian council whittled down. hundreds of candidates, just sat and then for dropped out. so what does this tell us about the direction that's the country supreme leader was the country to take? so the hardliners who control the guardian council, the watch dog is responsible for qualifying or disqualifying, seemed to be attempting to consolidate power and cut any true competition or rivalry in the election for every race hardline favor, because they're actually going to run have never been free or fair, but they have been competitive, has been some serious competition in some of the previous elections and everything . right. in fact, we ran one before in 2017 and he lost 2 hats on monday. so this seems to be

a clearing the off the path for him to an easy victory and preventing another embarrassing the speed for the car and had a judiciary, which is right. okay, so this is something that often gets overlooked when, when we're looking at iranian iran's movements in the world. the idea that there are power struggles within the regime. definitely, there are power levels. we have to remember the supreme leader, the person in power is a hard liner. he's the hard line person in power and usually the perception that it's a one man show it's one hardliners show, but there are definitely struggled within the political system. the moderates on their form is have had, have created some serious challenges to the hard line as the conservative, but this seems to be this election seems to be one more attempt to sort of consolidate power and marginalized as many reformists and moderates who can create

this serious challenge to the hard line grip. and we have seen some of the criticism and portez to this mass disqualification even coming from central politicians. someone like, you know, your johnny was not really a reformer himself. he's been a centrist hardliner, but even he was disqualified from the race in fear that he could create real competition for abraham rice. i'm going to tell us about ever him, raise this man who is likely to be the winner. what can we expect from an iran led by him? sure, let me just make note here that it's still early to call even though the moderate him. i. p is the under dog. but one license have also been full of surprises. so i'd like to wait until the end of the void in which we've just done this for a few hours to see, but seems like everybody has a very high chance of winning this election without real strong competition. he's

the current head of the sherry and ultra conservative hard line. a member of the ron traditional system for the past 4 decades with a very controversial pass. you'd have a record of growth violations of human rights and member of a death committee in the 1980s responsible for ordering massive exclusion of iranian dissidence. so his presidency as potential presidency is going to make things very complicated for iran, especially wrong thing. gaven with the world and specifically with the web, with, with the united states and its european allies when it comes to issues beyond the nuclear deal, which is something that they are discussing right now. and it's very clear. thank you so much for outlining that for us, and i got the most out of me. mega most is ami. thank you. and take a look at some of the other stories making news around the world. at least 27 people have been killed in a bus accident in southern road. the vehicle was carrying miles on their way back

from an archaeological site when it, when it fell into a vein on a mountain road. it's a 2nd major road accident in 10 days in the country, protesting palestinians of the alex must compound in jerusalem of clashed briefly with the trading police. 3 people have been injured. hundreds demonstrated enough to friday prayers in response to rally held by jewish ultra nationalists and even the week german chancellor. i'm going to battle has welcome to french, present, the manual macro to berlin. now holding talks ahead of next week's european council meeting in brussel contact restrictions mean, this is the 1st time this year, the chancellor. welcome to visitor from the fraud. and it's likely that this will be their last for both encounter. chancellor battle is not standing for reaction in september. let's get more from d, w political commer correspondent, and manual sha, welcoming and manual. so the french president was trans metals 1st foreign guest

this year. does this tell us anything? well, if anything, he tells us how important the french german relationship is for the 2 leaders. because just as it might be on the co did 4 years ago, just after he's election right after he's of action, he came to billy and he flew to berlin to meet america. whether 1st, a visitor allowed back in, at the chancery after these hero panoramic easy manner. and my conduct just goes on to show that the dial of the french german dialogue is very important for both leaders. not only for you, but also in the bilateral relationship between the 2 countries. ok, i would expect present macro was full of praise for the franco german a lives. let's hear a bit. cit, cortinas, from franklin corp. once again, at the nato summit, which we just completed together, we want to define a european policy that is coherent and shows responsibility in terms of our topic

and values that we incorporated into the corporation with our allies and major economists powers that democracy is with whom we work in policy should also reflect the european preference as we already have philip in he's on a manual show us how much this is grand alliance between france and germany. how much is it actually achieved? well, it did achieve a lot during those 4 years and my concern in terms of you defense, france and germany went a bit further done before. there was now and the, when i say the french president of europeans for the need of a strategic autonomy in terms of defense by the europeans themselves. so that's a step forward angle america. so say that she was very happy that there was a new corporation. the trans atlantic corporation between europe and

the you with that has been achieved by a constant dialogue not only from france and germany with the us, but also europe in dialogue with the u. s. but for which friends and germany were instrumental. there's also a lot of common ground when it, when it comes to foreign policy as way for us on germany sealed on c, i to i as to how to communicate with russia, for example. and both leaders acknowledge that this would be a challenge for the time being. but for example, when it comes to turkey, when it comes to syria and libya, the reason common will to so issues such as migrations and you interest in the near and me, the least, there is a common ground there. and as chancellor michael steps down in september, how is the relationship between the 2 countries likely to be affected by her departure? well, one thing is for sure, defense german relationship survived many presidencies,

many chance there is over the years. it will undoubtedly continue again. but of course, with america setting down in september and m as in michael o. so either re presenting to again the president or not, we will see changes. we don't know yet. this is a great known, but the french relationship should survive another presidency another. and another chancery even without gl america and perhaps without my call. thank you for that correspondence. manual shows the football, then you are 2020 and today's big matching group day angland hosted bible scotland at wembley, the dogs they, scots managed to hold the english to a golden drawer and fiercely contested much. the result means both tape still have a chance to reach the knockout stages. and in today's other group d, mad, the check republican croatia drew one all the check republican england. now leave

the group with 4 points each meaning a tie. when they meet in the final group match will be enough to see them both through to the next round. and in the loan group, a match sweden jumped to the top of the standings with a wonder when over a vacuum after a goal this 1st half and we'll force back scores from the penalty spot. so we know how full points from to game, spain and poland with one game introduce play on saturday. pandemic log balance of put office life on hiatus for many workers in cities across asia. after months have been stuck at home. some have planned escape in the philippines that have found a warm welcome in resort towns where the local economy has nose dived, covered 19 travel restrictions of largely cut off tourism. but as these digital nomads found, sometimes all you need is a why fi connection and the tree the beach town of london where the welcome mat stretches for miles. there's friends, sand,

and sun. and the commute to the office is just stepped away. 9 months ago this started executive fled what he calls his prison apartment in manila and landed here. and he has no plans to leave. i didn't realize how stressed out and anxious i was about the pandemic until i got here. sorry to hear on, on the beach with a mask on and realize. busy it like nobody else kind of do it and you know, really no reason for you to do it unless you're here. i'm next to people. many of manila is digital. workers are escaping to deserted beach towns like this one. the panoramic was the nudge they need it to say good bye to city life for tanya mariano and her boyfriend of you like this just might seal the deal for us. there she'd take away as that movie on sure just is such

a big quality of life improvement of fractions. the local businesses couldn't be happier. that manila salaries can stretch further here without the usual stream of tourists. they're struggling to survive and the new arrivals flush with cash. keep them afloat. it helped a lot here, especially when low and you know, close for tourism basically. you could only really rely on customers from within low in your digital nomads are now at target market for the tourism industry. resorts are offering and treatments like high speed internet and wellness activities. just the things that could turn office work on its head forever. i'd set you up today. more world news at the top of the our

steven beds a has your dw business update, a just a moment. i'm going to use can you hear me now? yes, we got you in germantown, we bring you, michael, and you've never had before. right. just so what was, what was, who is the medical really want me to people who follows along the way. myers and critic join us. so natural last the interest in the global economy,

our portfolio he w business beyond. here's a closer look at the project. our mission is to analyze the fight for market dominance. with the new business beyond on youtube and me, the interest rate jitters, push wall street into its worst week since january investors are skeptical over fed plan to hold onto its cheap money policies even as prices rise. we'll talk to our correspond that in new york, also on the show. a gradual recovery may be underway, but the pandemic risk leaving scars across labor market, especially for younger workers. and plants smuggling is big business in parts of the world, but devastating to some species. authorities in chile are now making headway

against cactus. these welcome to the show i'm seeing here is the in berlin. wall street notched its worst week since january 18th, friday by new comments from, from a fed official that spooked many investors into a sell off. the dow jones industrial average falling 3 percent for the weak st. louis federal reserve president james bullard said friday. he believed an interest rate height could come sooner than official fed projections. perhaps already next year. investors have been sensitive to the possibility of rate hikes, which tend to clip business profits. a fed steering committee has set it expects to keep the current loose monetary policy until 2023. let's go to our financial correspondent in new york young quarter unions. these are the comments of a single fed official. they contradict what the fed steering board itself has said . why is there such a reaction from wall street? well, i mean those remarks definitely call to us investors on the wrong foot. i mean,

on wednesday, the fed meeting and the remarks from the general public fair share that was supposed to be the pick moment of the week. and then out of the blue on for all of a sudden james bullet came up with those remarks. and he does that not just mentioned or hint that there could be an interest rate increase next year. but actually he said that the federal reserve pretty much immediately short discuss if they shot scale back the $120000000000.00 program each month of buying a us treasury center mortgage backed securities and bullet. to mention that inflation is moving faster and stronger than originally expected. so next week, by the way, we will have much more fed speakers up on the schedule. and so that's really going to be interesting if there will be more fet members, like a bowler who are actually seeing that their monetary policy will move rather sooner than later. yet, right now,

there's so much money coursing through the american economy. prices are rising. what's wrong with raising interest rates to tighten monetary policy? it seems almost like an obvious thing to do well, in general, yes. because you also have some risk. if you do not move interest rates than time, let's assume the federal reserve might wait till 2023 to start increasing interest rate. by then actually we might see that there, the cycle, the growth cycle might be coming to an end. so that would be a pretty bad timing to start raising rates. and also, i mean, with all those cheap money, there is the tendency to create problems and bubble them in the tendency to burst at some point. but it is a very tricky situation because on the other side, them, if you increase the interest rate now that could push the dollar higher. so that could be bad, for example, also for emerging markets who finding themselves with the dollar. i have debts in

us dollars, so it is very difficult situation and maybe one final. what main one of the top that the federal reserve is trying to do is to improve the labor market. and i'm not certain if with rates where they are right now, and those programs $120000000000.00 that i'm not really sure if that at this moment is really doing the trick to bring more jobs back to the economy. but it is a very difficult situation also effective for the federal reserve. at this point, the big debate of rising prices versus job creation in put it in new york. thank you very much. will the pandemic recovery is broadly underway in many countries. and in general, global growth seems to be returning, but of course, growth isn't the best measure for labor markets. consider the service industry, which is a big employer, but doesn't really contribute that much to economic output. or think about young workers trying to break into the workforce. now in most industrial nations, the number of young workers, not unemployment, education, or training, is rather manageable between 5 and 10 percent in germany. as in most european

countries, youth unemployment is around 13 percent the u. s run 18 percent in china now in emerging and developing, developing economies. rather, it's much higher. almost a quarter of brazil's young people are out of the labor market. india, nigeria, and south africa all have youth joblessness hovering around 30 percent. now those are all younger countries as well, and that makes that unemployment even more palpable. now, addressing use unemployment is critical, is a critical need for a full pandemic recovery. that's the message from european commission chief ursula underline. she's currently on a tour of european countries. she tells use historic recovery package. here she is of denmark. borderline has also made stops in greece, spain and portugal. some of those countries hardest hit by the pandemic. and again, those with some of the highest youth unemployment rates in europe. i have listened to what find a lion said about spain plan for use recovery funds. the plan puts forward crucial

reforms to modernize to modernize the labor market. it will boost youth employment . so important. we all know that, i mean, this is the young generation that has suffered so much during the pandemic. so it's worse really to invest heart into vocational training and universities in schools to make sure that there's youth employment for young people. you commission chief lavano line there that's been also has other plans for that recovery money. it says it will spend around $10000000000.00 euros to arrest the decline of its economically deprived rural regions. a lack of jobs has seen the region, the country rather lose a 3rd of its rural population in the last half century, leaving many towns dying or almost dead. for those that are still there, the economic gaps with their counterparts in the city is vast. were exploring the tit well, the jan in spain, the region artist by rural flight, the village of abil wheeler used to be home to 500 residents. now only $24.00 of

them remaining. a lot of the families that left use their houses here as a vacation residence and keep them well maintained. but there's not a single stored left in the village. no school either have no village life, according to the local mayor command. she's been battling for years for more state 8th for better transportation links, lower level symbol someone will be and we were always at the back of the queue for the ones that we have the same rights as anyone else. if you need a car for everything here, if you only want to haircutting this because there are no services in the village, because there aren't enough customers, it almost if we had more people having, we'd also have a shot, a hair dresser, and i'll say, maybe go cuz i was standing, at least they're still a bar. almost everyone still living here is retired,

unintentional. what does a little farming side? there are no opportunities for young people, inadequate. but without them, the village has no future. hastily enough and would be great if a family could move here and find some kind of work anything but i mean, but without income, that's not going to happen. and the village just keeps em claims parallel for looking. i'm going to send you over 3000 villages in spain, suffers from rural flight. another one joined the list every week. the economic gap between rural and urban areas is dramatic. in the provincial capital, where the regions politicians have been complaining bitterly about central government lethargy. the now madrid says it's going down 10000000000 euros from the use corona virus rescue fund is be earmarked for disadvantage regions. because i know that his

transportation links are important and telecommunications connections more by high speed internet should be available in all localities. because the feature is shaping up to be a place where the workers in the cloud and the worker is where they want to live in a hospital and we'll be able to bundle it have, you know, but that's like use ahead of our work here is in the fields and so far, no one has spotted anything resembling a digital nomad. and in other news, iranians headed to the poles on friday to elect a new president. and on the top of issues on the list is the economy. red economy is a mess. country has been crippled by us sanctions and has become increasingly isolated, breaking free those sanctions is a top priority for whoever wins. but a difficult one to achieve radians are especially feeling the impact of rising inflation and joblessness. the sanction the particular have cost, rent,

billions of dollars and oil income, and they've lost market share to opec oil cartel, dominated by regional rival, saudi arabia. what plant smuggling is a prickly business, especially when your spoils are cacti. but all seriousness, the theft of some species from chiles to come a desert represents no less than an existential threat to the plas now. authorities in italy and she lay of crack down. a hoard of poached cactus plants stolen from the auto. com, a desert in chile. some of these prickly plants are centuries old. the total hall discovered by the police a year ago since returned home is valued at over $1200000.00 on the black market. to make this happen, police from chile and italy have worked together with the association for biodiversity and conservation for more than a year. poaching plants is becoming a problem, and it's a crime that threatens biodiversity burial linked to

extinction. race, like when you think about the present, the shape usually don't think about a plan. and i think part of it is because plans are everywhere. so we take for granted, even though many more plans are threatened with extinction, the phenomenon is known as plant blindness. hundreds of cacti species are more threatened with extinction than birds or mammals, and most people are not aware of it. often smugglers ease their way through customs without hassle because even some customs officers are not aware of the illegal plant trade. but this time it's different. the confiscation and subsequent repatriation of the plans have made headlines around the world. it's raised awareness something that may help prevent future cat napping. his reminder of our top story, this our wall street saw his worst weekly last since january after. new comments

from a beneficial suit. many investors into a sell off. that's the $500.00 closing 1.3 percent doubt. i just st. louis federal reserve president james bullard said he believe an interest rate hike could come sooner. beneficial said projections perhaps already next year. for me and the d. w. business team here. berlin is always check out our website, w dot com slash business. you can find more about these and that shows that the issue is shaping the continents. the news africa was gone. med what's making the headlines and what's behind the industry to give you in the report and all the trends that my time to use next on dw.

ah, the news the police will stop done that the road is pollution, their flight could be fatal. but going back is not an option. peace ma, i'm on and are stuck in the spanish border area there. they're waiting for a chance that will probably never come. shattered dreams starts june 18th on d. w. the little guys that is the 77 percent. the platform for africa. you see the issues share, i did you know, did not happen to have the african population is really

young. people clearly have the solutions that do job the 77 percent. now, every weekend on the w me this is the news africa coming up on the program prepares for landmark election. prime minister abbey estimates phase the 1st on monday could fit the nation on a new court, and that the states have really been hired with. we are facing an election that will develop or destroy our country to be found. the call will be peaceful and democratic glass. the u. s. things that it has great concerns saying that it's nick pension.