what it is down when it comes to the health of the year is that going on chief economist at zurich insurance good to have your perspective. well the chinese government has found one way to bring in some extra cash is just auctioned off its ultra fast five g. frequencies raking in an unexpected six and a half billion euros that's well over two and a half times more than it had hoped for vodafone italy and telecom italia say they have committed around two point four billion euros between them the surprising company is a boon for rome meanwhile other countries are planning similar with germany set to sell off its fifth generation frequencies next spring. inflation in turkey has hit another high according to government figures it surged by almost twenty five percent on a yearly basis that's the highest point in a decade and a haul month by month in september it rose six point three percent far exceeding forecasts behind the inflation is a deepening currency crisis dogging the country the turkish lira as last forty percent of it's funny this year alone. i'm reminded of the top story we are follow

and more on this we can bring in a guy miller he's the chief economist at zurich insurance mr miller tell your borges said if they were the better off leaving the eurozone prompting the euro to fall to a six week low a serious consequence that but how seriously should we take his comments. well that makes good headlines but i think the reality is highly unlikely clearly were italy to try and leave the euro and it would be a prohibited the expense of they would result in italian assets selling off dramatically and unfortunately put italy into a tailspin leading to a severe recession and what happens to italy and what is bad for it is also bad for the euro zone's that would have grave consequences in the euro zone and globally. i mean you say that it's highly unlikely but we do have to recognize the fact that it's a he has a rebellious and you're a skeptic government so surely you must be treating the prospect of the needing the eurozone as a risk and wouldn't the consequences be catastrophic. absolutely the consequences would be catastrophic i think you're also right in terms of sayin

for more on this we can bring in it going he's the chief economist at zurich insurance mr miller have you borges said if he would be better off leaving the eurozone prompting the euro to fall to a six week low a serious consequence that but how seriously should we take his comments. well that makes good headlines but i think the reality is highly unlikely clearly were it lead to try in the euro and it would be a prohibited expensive they would result in italian assets selling off dramatically and unfortunately put italy into a tailspin leading to a severe recession and what happens to italy and what is bad for italy frankly is also bad for the euro zone so it would have grave consequences in the eurozone and globally i mean you say that it's highly unlikely but we do have to recognize the fact that it's only has a rebellious and euro skeptic government so surely you must be treating the prospect of italy needing the eurozone as a risk and wouldn't the consequences be catastrophic. absolutely the consequences would be catastrophic i think you're also right in terms of saying this new g