so we can speak to her to now an economist and the director of the german economic institute in cologne michel the economy was a key battleground in campaigning no outright winner how damaging could a hung parliament and the uncertainty that brings be to the italian economy. it's really remarkable burden for the italian economy because as outlined and described in the video in the film there's a need for reform a neutral structural reform and democracy in the new tickle system they did a lot in labor markets in the last years but as mentioned already the unemployment ratio is about ten percent the overall debt ratio is above one hundred thirty percent so italy's in a bad shape still ten years or nearly ten years after crisis and eight years of the beginning of the financial crisis in the eurozone and compare it really for examples portugal and spain they really were able to manage the turnaround in italy we wait for and it says a lot of to do with the uncertainty from the political system so what are some of the first tasks then that a new government would need to get to grips with then

so it's inspected on this i spoke to alexandra federalists of the german institute of economics a little earlier and i asked her right off the bat about the lack of jobs when it comes to management. is that they says a supervisory board has the function to supervise the workings of a firm whereas the management board is actually responsible for the workings of the firm so actually this is the body that needs the decisions do you think that gender quotas in the economy are an adequate tool to get more women into the top positions well according to the numbers that you have shown us they seem to be an adequate tool because they are implemented in the supervisor boards and they work in the supervisory board so maybe it's worse to think of extending this quarter's also to other firms not only to this one hundred seventh that you mentioned and what else needs to be done quotas that one facet i want to see as sure for in order to achieve gender equality you need more than one tool and enjoy many of the very important reforms that needs to be that need to be done. for instance the married coupl

more we ones in the west germany are interested in science alexandra federalists from the german institute of economic research great to have you with us today and. cars are still seen as a man's game if signs at the geneva motor show are anything to go by most of the attendees all men that things are changing albeit slowly now in the run up to the motor show a couple of comic has used the hash tag no booth babes on social media to rally against women at cost and being used solely as decoration correspondent genoud looks now at how far the car show has come and how far it still has to go. at the geneva motor show attractive women draped over shining sports cars are out modestly dressed car explainers prepared to talk features and functions or in a timely move and step with a larger discussion about women in the workplace there's even the attempt at gender balance i feel very comfortable and i two very key age though i have nothing to complain about i think trying to give it the new touch because last year we were wearing suits the women were presses so this time it's way more casual and it's maybe mor

the german institute for economic research in berlin today upped its growth forecast for germany for this year and next year because the grand coalition has implemented or is planning to implement a few measures likely to increase the disposable income of german households we see thank you very much. in frankfurt. after announcing record profits german comic a false charge and getting serious about the production of electric cars the manufacturer has picked partners to provide battery cells and related technology worth twenty billion euros the comical plans to equip sixteen production plants for the production of electric cars by twenty twenty two a strong increase from the three that are currently able to produce the folks who are now hopes to produce three million electric models per year by twenty twenty five. francis threatening to take legal action against technology giants google and apple for abusive business practices that could result in fines worth several million euros french fine and finance minister. said on wednesday france accuses the internet giants of the posing tari

devised seventy years ago in los angeles works in germany to this day claudio comfort's the german institute for economic research says the battle lines have shifted. we're seeing unlikely alliances nature activists or people purporting to protect nature are suddenly teaming up with politicians who are also against renewables or with climate change deniers. and they all share the same goal to talk down renewables publicly they claim to favor environmentalists friendly power generation but in the background they're using other means to oppose it german companies are also active lobbyists in the u.s. employees of the chemical giant buyer donated eighteen thousand dollars to republican congressman michael conaway of texas over the last six years he's a prominent climate change denier. who would change the phrase ology because it's up the. it's not not warming. and they paid thirty four thousand dollars to fred upton he casts doubt on whether anything can be done about climate change no real science to verify that it would reduce the temperature rise if some predicted. the buyer employees in the u.s. used wh

increasingly hostile white house questions are discussed with german said i'm a senior fellow at the peterson institute for international economics in washington and first asked him why markets reacted with a drop to the announcement of to lessons departure. well i i would think that these two factors that played a role in first of all there was of course a surprise in them and in the sack you know it took us all of it by surprise and that's reflected in the market reaction why do this now when the president has and full with other issues like tariffs and i concede. but then you know more broadly we have had a balance if you like of people in the administration that supports. the fairly hard economic nationalist line of the president and we have had some people that oppose the nationalist line and essentially multilateralist since it was muslim just was one of them as was gary cohen and so to have now the second important senior figure in the administration depart who in some sense counterbalanced trump a bit is a little bit of the new the new one the new foreign secretary is more hawkish is yes so that is it just a problem of in

president of the institute for economic research good to have you with us so this reports we just heard a little bit already about the possible impact that breaks it could have on german industry from your own research how bad to do you think that impact could be. yeah very bad until recently that this was the third biggest export market no no longer we just heard declined a little bit but it is important for jorgen industry to be able to sell in britain but this is only one aspect much more important i think is the political aspect the equilibrium in europe in the you will be distorted britain stood for an open e.u. . trying to have good trade links to the whole world no and germany under the umbrella of british protection in the sense little group or protection have been able to sell its goods to the whole world and the export champion innocence even that is threatened by the brics it because the political powers in europe will change and i'm a little bit afraid that europe will become more protectionist in the biggest loser of that would probably be germany which right now is export champion if you say that a great britain was sort of in favor of an open europe i m

economic orthodoxy. the germans are pretty much running everything in europe. there is the helm of most institutionse the number two jobs throughout the commission. they might decide it is fine if someone similar is at the helm. ¥ and isn't particularly popular but his role is to represent the bundesbank. he's not quite as german as he sounds as the boss of the bundesbank, but it is not clear that he would be widely supported. all right, thank you very much for joining us. next, russia's election. his fourth term as president while tensions rise between the kremlin and the west. we are live in moscow with the story, this is bloomberg. . . >> welcome back to bloomberg markets, 30 minutes into the trading day. the top headlines off the bloomberg terminal. russia goes to the polls in the shadow of the u.k. attack. ahead of this weekend's election, we're live on the round in moscow. macron meets in russia to plot the future of the e.u. with europe's economic surprise index and stock momentum fading, is the best already in the bag for investors? plus, watch net group, up 30% after bloomberg confirmed the

german council of economic experts christophe they're forecasting two point three percent growth this year so that's slightly up on the last forecast that they made in the fall that another closely watched economic institute of course is that you folks they're predicting even better numbers with two point six percent and that's down to a combination of factors like a very high performing job market and improving global economy as well as loose monetary policy as as it happens also the us income tax cuts are also boosting demand for german exports but if we're going to talk about exports then you can't get around the fact that of course on all sides that there are risks to be seen with regard to escalating trade tensions and the potential of a trade war stemming from these tariffs coming from china will have an effect on the global economy despite how good the fundamentals happen to be right now and you know briefly we ought to be glad that we're able to talk to you at all because this morning people at the stock exchange came to work to a very unpleasant surprise. exactly it seems that a pipe burst late last night here at the stock exchange and causing lots of water damage also how so water gushed forth f

institution. the panic of 1819, 3 million out of 9 million people in german -- in dire economic straits. put the bank on square fitting at precisely the moment they did, and part of what makes cases landmark cases is not just the rules they articulate, but the circumstances within which they are decided. >> let's spend more time. what else should people know about the country? 1812, thethe war of war created inflation as wars tend to do. that inflation was exacerbated by a rash of new banks opening. the way things worked back then was they would hold in their vault a certain amount of silver or gold currency, and they would issue notes that stood for one dollars worth of hard currency, or $10, and they would say take this paper money and use it as if it were hard cash. anyone can bring it back at any time and redeem it for gold or silver. regulation, banks like that started issuing much more paper than they could back up in their vaults. as a result, inflation went wild. at the same time, there was great demand for american commodities like wheat and cotton in europe. the bubble just got