but stay with us, we'll have the full interview with enrique on monday, a on what germany has to do to rescue with economy. that's up next. stay tuned for more than that. and here's an analysis. remember to check our website, d, w dot com, but also on social media at the handle dw leaves a behavior already. thank you so much for watching. goodbye the, the untold story for detail.

at this point of the find it here repos every weekend on d. w, i want to tell you something. it's a bear with me. my house i take the weather shock. i never saw that this could happen to me. raising awareness of h o d and 9 and we're still in test. shane silence. we need to break out of and i want to tell you something how to tennessee chris starts november 29th on dw, the in germany's headed for snap elections on february 23rd at the heart of the

discontent. the economy. joining me now is already got mom in the air from the german council of economic experts. thank you for joining us. you're welcome. how do you see fresh elections reading some lights into the german economy if they can? yeah, that is the potential i'm hoping for that potential but, but there is also a flip side, so let me explain um, one of the big factors that has affected the german economy is uncertainty. we've seen that both on the side of firms who are not investing or i'm not sure whether to build up capacity. if those do you mind and keep citing uncertainty, economic uncertainty, policy uncertainty, the same on the consumer side, the consumer wants have had to gain an income that's still not spending. so if we can reduce the uncertainty, that would be good. however, i would say we have to wait for the election results and the new coalition to see whether we have a better alignment amongst us, the potty, a running this country. the council has released some strong pen spending being

having modern defense capacities. and then the 3rd one, we emphasize in this yes report is education. it's both the schools, the buildings, but also investment in the actual education in particular, early stages, off of a child's education. and so we want to find ways to institutionalize to, to, to make it more binding, that those copy neglected. so the, a recent survey of economist by the eco institute for economic research found that only about half of the economists want to reform the debt break. germany has also only just gotten inflation under control. would it be a little bit irresponsible to potentially go into more debt at this time? yeah, so indeed, with this new proposal, we actually not say a borrow more. we don't want to increase the fiscal space and the emphasis is quite the contrary. we want to what we're saying, this is what of a, you know, fisco financial capacity. you have think about how you're spending the money. we do

things as a lied reform of the dead. frank would be useful if you want to make it economically smarter, but indeed the costs are also things. that's something along those lines. some graphs, rails along those lines have actually been useful. europe's economic challenges are long right now from cutting carbon to funding industrial subsidies to supporting pensions for an aging population. but none of this which is easily affordable. on top of that, we've seen the look reelection of mr. trump, in the united states, just as europe's ability to finance be this long list of demands has weekend. is this list of was simply insurmountable. i hope not. and we will do our best to contribute to helping with our comment. one important response to, uh, don't try being, being re elected would be that as your opinions, as european countries, we get that together and become close that we to be utilized the fact that was in euro there won't be

a trait for they won't be this kind of tactic and strategizing where one tries to win the over the other. so let's take advantage of the original idea of the repeating union and lower the barriers for trade. for capital markets, you need all these ideas. we have kept talking about for years and years. but then there's always a stumbled like in terms of implementation because of national interest. you know, every country wants they had solvency law to be the one that was being used now is the moment where we don't have time for that. we just need to use this crisis to overcome these hurdles and grow together, become one big economic power that can stand up to the u. s. also to china and russia, as we have seen what color is ation in the world. germany's economy has been flagging . if it's particularly a start, when you look at the top 5 economies in the world, what does a trump $2.00, administration, in for the german economy, which is projected to be in recession again this year?

yeah. so in the pop germans, economy has really benefited from exports. we were at export strong nation, much to the dislike of mr. trump. well, i guess it's good news for him that our explored is currently not as strong as you would like it to be. uh, we do hope that we will gain competitive enough again going forward. however, we have to be particularly careful in the towards the u. s. s. we have observed that once have been hampering our export has to be in china to a large extent. china is a 2 competitor and is also demanding less of our export goods as they're producing themselves now. so the, on your u. s. has, if anything gains as important as a market for us. and so that is indeed aggravating the problem. now, as far as the european companies at the german companies are concerned, when they hear trump say, well, you know, i want you to produce in the us or the us that kind of ready to do that. the autumn will buy companies already doing that. i assume they can just kind of ramp up their

production. they um, that's what they announcing. that's a lot of course. what's helpful for german production and german a g d p. so i, i do that we will come to an agreement. i will say that all this talking at the campaign, riley's about tariffs being his favorite worth and he wants to like impose tablets, terrace right and left. i still want to see what actually happens because what jerome has also seen is that inflation was a winning issue for him. he has won blatchley on inflation on people struggling to pay for the groceries being upset about those prices. if you raise try a terrorist, that's a guaranteed way to further increase inflation. so maybe we'll find the middle ground where we don't go quite as extreme. the eco is easy. it has also called for germany to prepare for a trump presidency. they cited a similar to what you've been saying, a more unified you services market. but they also said that there should be, quote,

credible retaliatory measures against the us, but with the german economy. and the position is in now, does germany have the economic has for any kind of counter measures that could stand up to the us? yeah, so again, i would not want to emphasize, but germany alone caught a 10 or 10 knots do i would think it has to be in cooperation with the other european as such me a veritable economic power. and so hopefully we can speak in one voice. now as far as retaliatory measures are concerned, i very much hope that we do not have to go down that route, that instead focusing on all energy and all money on becoming more competitive and becoming country where in terms of interest, infrastructure, political environment, it is actually a good place for companies to work and well we work really hard to make labor costs of the big issue in germany in particular. um she pub by being open to any grace and of work costs by integrating people better into the labor markets,

including people of yeah, those who are ready retire and women like exploiting all these modules. we have, i think that's the marginal dollar or the marginal time spent. well rather than focusing on retaliatory management, you mentioned labor problems. this reminds me of the structural challenges that had been facing germany for a long time. and recently i was reading a report that was dated from 2013 by the o, a c, d. they were already talking about immigration problems then. so then, so easy to ask, why is germany so slow to tackle these kinds of issues? and how can these structural challenges be tackled? yeah, as i don't cried, know why. uh why we're so slow. i would completely agree the writing has been on the wall even before 2013. i mean, if there's one type of economically relevant development, that's well predictable. it's demography and so i would say 30 years ago we could predict already that this was like not going in the direction in which we run test

. imagine it would go when we designed or social security system when we've designed all our labor markets. and so we'll open us to, um, immigration to attracting people from abroad is what is originally needed. i would say germany has improved over the past years. however, the big source of immigration, of, of more labor force entering half being other european countries. now these have somewhat similar issues right now in terms of the demographic development, maybe not quite as rapidly as germany, but the aging or aging is happening they as well. so we have to branch out. we have to find corporations as countries which may have the opposite problem, like in the uh, the government. recently evans with a day off when to extend its a trip. and i hope we will speed up. now, this is no excuse for these measures. not happening early on, but that's how policy and often is our role as a console. what's in this? yes report is to emphasize we have to keep thinking about the long run. hands are

discussing about future into the long run investment, also from the public side. but the daily business of politics, unfortunately, the often on the emphasizes, as you mentioned, also pension system, a security system. is it like a system like you have right now? won't work it with an aging society. somebody has to address that and that's just so much was listed among politician to be the one be the black sheep who has to put it into place. snap elections has been and calls for 3 months. so now the 2 leading parties at the moment are both right. we're leading parties, the cd, you see us, you and then the alternative for germany in 2nd place. this makes me wonder how much of it site is there for some of the, the hard medicine for the structural problems. neither of these parties are very in favor of more immigration, for example, and they're both in favor of keeping the debt break as is. so is the current political environment going to allow the structural problems to be tackled? yeah, i mean that 2 types of hard medicine, one type guzman,

the direction off. how do i said more incentives to work, which might include according to what these parties are saying, maybe lowering social benefits if you, if you don't have work. so there's some kind of incentive ization may be possibly late lodge on participation in the labor market coming from that type of hard medicine i. i hope it would be implemented wisely by i think it's smart me about how to adjust module incentives by going from one system to the. # that was last yes report. but then in uh, the 2nd type is that of a city you for sure, is thinking a lot about how to make our industry more competitive without only going in the direction of subsidization. so i think that is part of, of, of, of heart medicine. in terms of the flip side, in terms of needing more labor. i would agree that we con, filled the gap with a complete focus on what we can do domestically. even if we get all the women to participate full time in the labor market,

we get all the retired people who are able to, to participate. we have more needs. so we do need to remain open towards integration and that will be a hot balance to a strike. mr. trump one beyond winning on the inflation platform, he went on the immigration know anti immigration platform on last different taishan platform. so that is, this is worry that it says resentment building up in the population in the us. i think that's unparalleled trans. yeah, that has to be taken seriously with out polarizing without becoming send a form for a big that's a very hard task and i so hope that the next government will be ready for it on regarding mal, mandy or from the german council of economic experts. thank you for joining dw business. oh, you are very welcome. the living plant in dw postcard, how to make greener choices in your everyday lives. but honestly, try to leave you working 32 hours

a week to be better for the environment than 40. but of course we shouldn't be no need be the living scientists just had subscribed. whatever you listen to about cost, the nigeria is back said the new president. last year when he took over the german shapes of the west, african regional block eco a. he pledge to boost his country's influence after years of inward looking administration, economic malaise and security challenges. i spoke about that with the countries for ministry use of to got in a special conflicts own from the berlin global dialogue. how does he see nigeria stepping up with the leadership role when it confronts a domino of crews on it's doorstep? foreign powers positioning for an influence on the continent? the conflict in su down and citizens leaving nigeria in the face of economic and

security for years.