brussels will manage to head off an almost certain collision well maybe being the operative word ginnell do malone reporting that a little over a month before the next election turkey's president. is trying to create the image of a country with a strong economy and at first glance he's right you call them a group more than seven percent to twenty seventeen but inflation is what you above the targets and the man in charge is dead against raising interest rates. many young people in turkey can't find a job a sure sign that the boom years are over one in five in that age group is no jobless the country's economy has taken several hits in recent years one main reason more and more foreign capital is leaving turkey an emerging economy especially dependent on outside investment. those factors have sent the country's currency the lira tumbling by twelve percent since mid april alone it's lost seventeen percent since the start of the year. to stop the trend and to attract foreign money again the central bank would have to raise interest rates even further it lifted one key rate to thirteen and a

tariffs and its recall general loans been tracking this story for us from the frankfurt stock exchange ginnell house dietl doing. well for now they've released a statement saying that the technology they installed was there to ensure quote a robust exhaust gas cleaning in various driving conditions and that the only reason the transport authority thought that was illegal was because it's not a requirement as such in order to pass emissions tests so for dyer it's down to differing interpretations of the law and they said that that's what they would be prepared to argue in court if it came to that now i'm not so sure shareholders are convinced as he said the share price took a beating on the news as well as on the news of the us auto imports it slid close to three percent its lead close to three percent but you know misery loves company and is joined in that slide by the rest of the docks which has fallen sharply on the news of the council of north korea summit so it's right on right here at frankfurt at the end of the trading day. his rules for dialogue general thank you very much germany's lea