yeltsin professor of international economics at constance university of applied science what insolvency off turkish debt has could mean for the e.u. . it's italy it's spain and these are exactly the countries which have been going through a very difficult financial period and the central bank in europe had an eye on this loan positions with respect to turkey but in italy in particular you mention it this country is in a political on a stable situation and that link it should turkey will force european politicians to think about the potential bailout off turkey fire italy but i'm afraid that the german politicians in particular are not going to be happy about these kind of into linkages and dependencies just remember the discussions in germany that bailouts basically why should germans pay for mismanagement in other countries and given the rhetoric between germany and turkey over the postes years that will be a very very difficult situation also for the european banks and european politicians i might marry if you want so now before the e.u. bails out key there is another alternative for

professor of international economics at constance university of applied science mr singh good to have you with us so what can we expect from that central bank meeting today. well the meeting is definitely very decisive today because turkey is confronted with a choice either the central bank today clearly indicates it is going to tackle that weekly euro and inflation in order to prevent a default or the large turkish companies and therefore prevent a potential recession that is looming in the background but of course if you do is increasing interest rates with that that would be a clear signal at the same time this has a negative impact on the domestic growth and shit comes the second choice the government clearly indicated given the elections in particular it is not interested in high interest rates it is wilt basically to support companies which are in the in province and postponing basically. a solution of this economy problems in turkey so the economic rationale is very clear the central bank should react and should not postpone problems because the solution will be increasingly di

yeltsin professor of international economics at constance university of applied science what insolvency off turkish debt is could mean for the e.u. . it's italy it's spain and these are exactly the countries which have been going through a very difficult financial period and the central bank in europe had an eye on this loan positions with respect to turkey but still the in particular you mentioned it this country is in a political unstable situation and the link it should turkey will force european politicians to think about the potential bailout off turkey fire italy but i'm afraid that the german politicians in particular are not going to be happy about these kind of into linkages and dependencies just remember the discussions in germany that bailouts basically why should germans pay for mismanagement in other countries and given the rhetoric between germany and turkey over the postes years that will be a very very difficult situation also for the european banks and european politicians i might marry if you want so now before the e.u. bails out there is another alternative for one ha

professor of applied science and economics at the university of constance and spoke to me. a finance minister in the eurozone have declared to the greek debt crisis to be over after eight years of painful reforms in exchange for a three hundred billion euro bailout athens looks ready to go it alone. strikes protests demonstrations in late may tens of thousands of greeks once again hit the streets of athens to campaign against prime minister seat presses all sterrett in measures in return for bailout funds the greek government has had to agree to implement at times severe cuts to social benefits and pensions now though it seems the country may have survived the worst starting this august greece will no longer be on financial life support the e.u. and i.m.f. bailouts will have worked their magic after eight long years greece will finally be graduating from its financial assistance to greece giant. spain cyprus in my own country portugal in the ranks of euro area countries that turned around their economies and once again stand on their own feet one last instalment of fifteen

election i'm joined by adam gotten a professor of economics or economics at the university of applied sciences in constance the to have you with us richard type everyone is widely seen as the man who made took his economy great again in his sixteen years in power average annual incomes more than doubled but as we just heard in this report also people are less upbeat about the economy now what went wrong well that's to be serious about the largest group over the last few years in particular to two thousand and eleven. but this is going on. the government will the structural certainty won't their democracy will progress but over the last few years and pretty good could come with me. our concentration is the more credit is usually a group of men suffer and grow. maybe because states thought oh my. homey drove the growth rate of something higher power who you know park important public figures my beautiful or you changed. a lot about. sustainable. so it was basically artificial growth what you're saying and had a lot of course called sunday's snap election back in april do you think he underestimated the econo

impact sunday's election i'm joined by evelyn godson professor of economics at the university of applied sciences constance good to have you with us well recha type ad the one called sunday snap election back in april do you think that he underestimated the economic decline and how it would impact his popularity. well i would to state a different the i think the government and the president himself have been very quick and understanding that the growth rates in the economy which we have seen over the past months are no longer sustainable and they have been very quick and for that reason they people on the election date because it was the government that kept growth with all its power republic money with intervening in the central banks decision but you cannot pursue such a such an economic policy over a longer period so that it's very clear there's a broad consensus turkey is. going to experience a significant drop in its economic growth in the next half of the year ok well the elections obviously take place on sunday just two days from now and latest polls suggest that and the one will win the election of