some of its members include fendi and ferrari.alian brands make up 10% of total consumption of luxury goods across the world. how can they preserve and grow that market share? mr. illy, thank you so much for still being with us. when you look at the italian magic, there are very many italian high-end names, and this is despite the political turmoil that we saw in the last 40, 50 and more years. what is the secret sauce that italy has? andrea: italy has an enormous heritage to such a wealth in nature and whatever is intangible in culture. we are the country of beauty, though, and we are at the very center of the cradle of civilization, the mediterranean. with all of this kind of natural competitive advantage, there has been so much beauty and heritage sedimenting in the country which still inspires creativity and ingenious in terms of technology and innovation of our best minds. so with that, this luxury market is great because it's over 1 trillion. and italy is a co-leader with our colleagues in france, but we have two great, stro

as part of an exhibition at the munich house to const set to open that evening along with the new fendioutique or the elegant maximillian shopping by. the munich smart sense of being there for an hour. as they will call him that though they've never actually met him. for lagerfeld the film is more important the guests are getting restless the organizer of the event is at a loss the shuttle has been turned upside down. how long did they lay. always doing too many things i really shouldn't make any requirements because twenty four hours in a day just aren't enough. i don't want to be rude but in this field you can't just schedule two hours of schedule and after two hours it might all just get thrown away. by my rubbish bins best customer and if i kept my eye on the clock the entire time i'd be even more hysterical i have a touch of hysteria anyhow but that would make it horrible but in that country i'm . kanaka feld is also a film director in one of his projects he cast geraldine chaplin as coco chanel. lagerfeld film shows how he perceives his illustrious pre-disaster for lagerfeld a ble

>> i was actually surprised to see our teammates in chicago pound fendi -- found plenty of other toolsolbox. tapping into the foreign reserves that were at a record high in january. there's still room. they have seven months of import requirements. there were some other interesting things, more creative ways the central bank can tackle this issue. they are considering issuing non-deliverable contracts in rupiah, which would help stem volatility. another suggestion is to open up the currency float lines that were proposed several years ago among regional central bankers so they could tap into those and try to increase investor confidence in this way. rishaad: what else might we see? we got a current account deficit of 3% of gdp or thereabouts. >> on the fiscal side, they can do a lot more on the import curves. one thing they have been doing is delaying some of these import heavy construction projects. that obviously isn't ideal, but something that would help bring stability to the rupiah. they are also increasing the use of biofuels. this will become increasingly important as we see oil