supporting growth but the export sector is at risk here is it risk is a because i know that the bundesbank for example is one of the few that seems to contradict your projection they expect german growth to rebound certainly in the second quarter thanks to a higher state spending can that compensate the risk you just mentioned not really we think it's true that public spending is expanding about we don't think we were bounced back to growth we expected at the beginning of the year so we were slightly more optimistic than the one or been a spike at the beginning of the year and you know we don't think there will be if you know a decline in the second half but i don't think it will rebound all right if you had to point your finger at those risk. which ones would you say are the worst when the q. risk is clearly protectionism trum there's creating a lot of uncertainty but then we have some other factors for instance monetary policy was supporting falls and is now slightly becoming a. headwind for the economy because less so in europe mostly in the u.s. but the central banker will now stop buy

dad one billion euro the european and the chairman bundesbank and lend one billion euro to something parts of europe will never see this money again and this is on top of the government debts and shell money so we definitely determine what stage of this whole thing but he only talking about letting them off the hook or also kicking them out of the euro zone we will see severin currencies again that you repeat the euro will fail we are under brink of the collapse and this will be like a. next two to five years but if you look back in history european currency units are european current currency union sorry never if they never grew up because it's it's madness to put weak economies like crazy italy france with strong economies like show me austria in one interest core set in one currency union afraid thank you very much for coming in today thank you for having me shares in harley davidson fell sharply after it announced it will be moving production of its motorcycles for the european market from the u.s. to india and brazil move is in response to new e.u. tariffs last week brussels rai

expectations of a qe exit had wanes among weak economic data and political uncertainty in italy bundesbank president jans weidmann has weighed in. he says it's plausible that the ecb's qe program will be wound downy the end of the year and added that this would be the first step towards normalization but cautioned that the ecb would guide the process to try to avoid market turmoil and i'm happy to say that joining me is someone who knows a lot about central banks, the chief economist from goldman sachs. thanks for joining the show. >> good to be here. >> i want to ask you about the comments we just got, setting the scene for next week's meeting, creating a little bit of suspense. aounce thend, or the beginning their asset purchase plan, you think next week? >> i'm not sure in terms of how specific they're going to be where we're not necessarily expecting really big announcements, but i do think it's plausiblehat they will taper qe kind of later in the year our baseline would still be that ogram probably comes to an end by the end of the year i think the bigger question, though, is at what

growth and there's been a number of prognoses a number of statements to the effect the georgia bundesbankfor example saying that a world trade conflict would hurt growth and actually central bankers who are meeting at the moment in central and portugal also giving a gloomy view saying that business sentiment is being affected and they might have to downgrade their forecasts the tariff dispute at the most at the moment is not the only concern is it. you know there's concerns about the financial stability in italy if italy were to come under extreme pressure in the financial markets that could be a problem merkel's government the german government here under a chance or underline not to it's under attack by her own coalition c.s.u. partner and last not least the central banks just mentioned them having worries but people are also worried they might move too quickly on tapering that is tightening policy or perhaps too slowly. all that said so how did the ducks stay mainly in positive territory today. yeah you know that you're right it did stay in positive territory and that sounds amazing co

supporting growth but the export sector is at risk here is it risky because well i know that the bundesbank for example is one of the few that seems to contradict your projection they expect the german growth to rebound certainly in the second quarter thanks to higher state spending can that compensate the risk you just mentioned not really we think it's true that public spending is expanding about we don't think we were bounced back to growth we expected at the beginning of the year so we were slightly more optimistic than the one or bonus back at the beginning of the year and you know we don't think there will be if you know a decline in the second half but i don't think it will rebound very all right if you had to point your finger at those risks which ones would you say are the worst when the q risk is clearly protectionism trum is creating a lot of uncertainty but then we have some other factors for instance monetary policy. was supporting falls and is now becoming a. headwind for the economy because less so in europe mostly in the us but the central banker will now stop buying bonds a

the front runner is probably the german from bundesbank.t will depend on the economic situation and how it develops and whether there is more room for the interest rate to rise or other moves.ed for it still very early to tell who is the clear favorite. --nie: with the euro at 100 at $1.16, is that a level they ecb is pleased with? >> i don't think they will be bothered by the exchange rate at these levels. for that euro area, maybe the exchange rate may affect the economic performance. unless there is a further dramatic move, i doubt think it's a factor they will take into account at the moment. that might become later on but so far, i think it's a very mixed signal. we are moving into a situation where the interest rate differential between the u.s. and the euro area will probably be larger for longer than people were expecting. this is probably just a reflection of the exchange rate. draghin italy, mario spoke about the contagion aspects and he said it was not significant in any way. he said it was a pretty local episode. tos italy have

would threaten growth and there been a number of prognoses a number of statements to the effect the bundesbank for example saying that a world trade conflict would hurt growth and actually central bankers who are meeting at the moment and central in portugal also giving a gloomy view saying that business sentiment is being affected and they might have to downgrade their forecasts. to frankfurt stock exchange there's concern in the markets all over the world that the trade spotlight turned into an all out trade war of the u.s. suddenly being the bad guys in china a victim after all the country's president xi jinping has been sending a consistent message for over a year now china is open for business but foreign investors there are telling a different story. whenever the cameras are on peeing has a clear message for the global community. we have to say no to protectionism it would be akin to hiding in a dark room where you wouldn't be bothered by wind and rain but you would also not be getting light and fresh air. in speeches like in davos twenty seventeen the chinese president has worked hard t

dad one billion euro to european and determine bundesbank and lend one billion euro to something parts of europe will never see this money again and this is on top of the government debts and shell money so we definitely determine and stage of this whole thing but he only talking about letting them off the hook or also kicking them out of the euro zone we will see silver and currencies again do you repeat the euro will fail we are under brink of the collapse and this would be like a. next two to five years but if you look back in history repeating currency european current currency union story never if they never grew up because it's it's madness to put weak economies like greece italy france with strong economies like show me austria in one interest core set in one currency union our frederik thank you very much for coming in today thank you for having me brazil is a country rich in resources and yet the gap between the haves and have nots remains large especially when it comes to education one entrepreneur has come up with a tool he hopes will make learning more excessive all to ever