measures reforms that as of today greece will manage without international financial aid. finally no more aid packages and no more funding requirements but the last eight years have been tough for greece and brought drastic cost cutting measures many greeks lost their jobs and their homes income has fallen by a third on average the taxes however remain tie for most people it will be a long time before the situation improves and some people don't even believe it's possible like this silversmith. personally for me in the coming years i don't see any hope everything looks bleak to me. because the middle of the greek crisis brought down me and thousands of people in my position women weren't interested in buying our clothes anymore and as a result my manufacturing company closed we started this combined cafeteria and many market he hopes he'll soon gain a foothold again many people in greece are trying to fight their way through. it because a guy in my hopes on something better there's still plenty to do even with all the loans paid off. more needs to be john starting with the

zone if greece had left a euro some to the fifteen. associated turbo increase uncertainty would have been bad so. fifteen it was in my view exposed it was a wise decision to stay. thank you very much for staying despite the alarms there in the background managed to keep it nice and cool for us thank you. but now let's find out what the greeks think of you to athens correspondent and. we haven't got much time for you but just tell us briefly a big day for greece in the euro zone people in the mood to celebrate. now definitely not there is no celebration of any type on the streets in fact there is just prolonged misery and speaking to many greeks say just expect their situation their day to day life in fact to grow worse in the coming months because the government has consigned greece to additional reforms to more cuts there will be coming down the road don't forget though they are on the books the figures the macro economics of this crisis and looking bad are unemployment is down still high the deficit is down you know all these figures

i've been fizzling but still business greece's bailouts are over but there's a lot of money to pay back and the austerity continues taxes squeezing the great many of them have never paid anything and unemployment remains stubbornly high. finally no more aid packages and no more funding requirements but the last eight years have been tough for greece and brought drastic cost cutting measures many greeks lost their jobs and their homes income is fallen by a third on average the taxes however remained high for most people it will be a long time before the situation improves and some people don't even believe it's possible like this silversmith but i still think i am personally for me in the coming years i don't see any hope everything looks bleak to me. because he sees the middle of the greek crisis brought down me and thousands of people in my position women weren't interested in buying our clothes anymore and as a result my manufacturing company closed we started this combined cafeteria and many market he hopes he'll soon gain a foothold again many people in greece are trying to fight th

greece in the euro but i'd want to cost we go to athens and brussels. welcome to business i want to get jones good to have you with us big day agree. the eurozone today as the country emerges the last of three bailout programs for the past eighty years athens have been dependent on aid from the european union the european central bank and the international monetary fund the loans given to greece amounted to two hundred sixty billion euros in return greece had to implement painful austerity measures and reforms and now the time has come for greece to finance itself independently on the capital markets again but how realistic is that. finally back on their feet financially no more cash injections or bailout funds that's the greek government goal after all the economy has been growing since last year mainly due to greek exports big gaining ground last year greece exported goods worth twenty eight point nine billion euros exports have risen by thirty five and a half percent since two thousand and ten but the lion's share is in refined petroleum products a w

who have fled the border town are down forced back to their crisis hit country and a big day for greece as it emerges from its final bailout program athens will now be able to tap into money on financial markets for the first time in eight years it follows years of austerity that led to widespread anger as the country tried to cut its debts we'll go live to athens. i'm sara kelly welcome to the program dozens of elderly south koreans are in north korea for a long awaited reunion with family members. and these are just the first of emotional scenes that we are witnessing the first for unions in three years they bring together families who were divided after the korean war in the one nine hundred fifty s. some haven't seen their relatives since the end of that calm. clicked the unions more agreed to by the two korean leaders of a historic summit in april part of a recent thaw in relations between the two countries the south koreans were chosen by lottery the oldest of them is one hundred and one these brief meetings are likely to last. are likely the last rather excuse me and only time th

because one of the main problems in greece is. a very astute political and social pull our a zation ok the so-called left of the so-called center right see each other as enemies and they have shown no intention of trying to work willing to work together you know noted to solve big institutional problem for it still exist which these. programs that mr muskerry see. talked about didn't tackle if you don't see the needle see a risk in greece. something happening similar to what we've seen in italy for example that you have you have groups that are at different ends of the political spectrum coming together and looking at the european union and seeing that as a common. a common enemy in this iteration is a little bit different in greece because italy is whether we like it or not in the dust industrial country but also. also a polarized country north south left right and after years of pain because even a tad nearly run tellings felt it as well. they they will lose. this image of getting out and going our know our own way except their

talked about didn't tackle you you don't see you don't see a risk in greece. something happening similar to what we've seen in italy for example that you have you have groups that are at different ends of the political spectrum coming together and looking at the european union and seeing that as a common for common enemy. this intuition is a little bit different in greece because italy is whether we like it or not in the dust industrial country but also. also polarized country north south left right and after years of pain because even. tellings felt it as well. they are. they will lose. this image of getting out and going out no our own way except where it's at i don't think greece is in this kind of a danger i mean it is august right now it's high season for tourism we know that greece lives from there what what are things going to look like in terms of employment if when we talk two months from now. two three months from now i think goods going to go up. on employment unemployment is going to be more than twenty percent again and what's more in the last yea

greece is on the right track.ill not be back in crisis if -- is genuine debt relief the only way to ensure that? relief isw, debt something that can be subjective. that has to be reimbursed. this is just the taxpayers of other countries money. the german people have to renounce 80 billion of euro debt. on greece, you are stronger than i am. there was never an appetite for cuts. we can say it was not good there would have been a cut. there are now some short-term debt that arem going to alleviate the burden on greece. that itthat we can say is on the right track. guy: commissioner, good morning. basic piece seems to be growth. does not seem to be still there. if you move back just six years ago, there was a recession in greece of something like 5% per year. we know that greece has lost 27% of gdp. of, we have a growth focused 2% for the years to come. i am certain that the growth potential can be improved, especially if investors show that they trust the reform. is an innovative country with a lot of assets. the fi

after years of almost two hundred ninety billion euros greece this emerging from its bailout however even if the troika leaves there risks a. i'm sorry welcome to the program brazil has announced that it will send troops and extra policemen to a border town which saw clashes between venezuelan migrants and the local population now the incident over the weekend has highlighted the many pressures facing other south american nations struggling to cope with an air. influx of venezuelans who are fleeing a growing crisis in their country as a result some countries have now decided to impose border controls to check this flow. it was hoped that drove great saudis to great had to sell her home and leave her children behind in venezuela. hope that she would soon be reunited with her husband in peru and send for her children. but huddled with hundreds of other venezuelans hope is starting to fade. you know today i'm like we arrived and i have no hope whatsoever of continuing i have two children i sold my house i have nothing anymore i can't go back to venezuela with empty hands i don't know wh

and a big day for greece as it emerges from its final sale out program athens will now be able to tap into money on financial markets for the first time in eight years it follows years of austerity that led to widespread anger as the country tried to cut its that. i'm sorry kelly welcome to the program brazil has announced that it will send troops and extra policemen to a border town which saw clashes between then a swollen migrants and the local population the incident over the weekend has highlighted the growing migration crisis of venezuelans fleeing the economic and political turmoil in their country other south american nations are struggling to. cope with the venezuelan exodus across the continent and our next report starts out in aqua door where migration numbers have increased dramatically pushing authorities to tighten border controls. it was hoped that drove great saudis to quatre to sell her home and leave her children behind in venezuela. hope that she would soon be reunited with her husband in peru and send for her children. but huddled with hundreds of other venezuelans

modern greece has ruins, too.huttered factories are temples to the worst financial crisis in living memory. this once famous tile producer was an iconic bankruptcy, as greece crashed. but from an economic wasteland, the country is slowly building itself back up. greece is beginning to hum again. after the factory closed, the workers took over part of it. now producing greener products. soap and cleaning liquid. starting again from the bottom up — a metaphor for greece's recovery. translation: when bankruptcy hit we contemplated suicide a lot. when you reach the edge of a cliff you eitherfall off or grip and hold on. so we said no. we struggled, not just for ourselves but to see this new model copied in otherfactories. this saved both our minds and our lives. from 2010, greece was gripped by unrest. revealing its skyhigh deficit led to three bailouts totalling over 300 billion euros. the price was austerity, with daily protests after as austerity hit, despair turned to rage. running battles consumed central athens.

tremors unleashed panic in the region hit just two weeks ago by deadly quakes and the big day for greece as it emerges from its final bailout program athens will now be able to tap into money on the financial markets for the first time in a year it follows years of austerity that led to widespread anger at the country's top tries to cut its debts we'll go live to athens and brussels. i'm sorry kelly welcome to the program brazil has announced that it will send troops an extra policeman to a border town which saw clashes between venezuelan migrants and the local population the incident over the weekend has highlighted the many pressures facing other south american nations struggling to cope with a. influx of venezuelans who are fleeing a growing crisis in their country as a result some countries have now decided to impose border controls to check this flow. it was hoped that drove great saudis to greater to sell her home and leave her children behind in venezuela. hope that she would soon be reunited with her husband in peru and send for her children. but huddled with hundreds of other ve

plus an economic milestone to greece as a democracy from its final bailout program athens will not be able to tap into money on financial markets for the first time in a.t.l. as this follows the years of crushing most penalty that led to widespread anger as the country tried to slash its debts we'll go live to athens. cheema dozens of. south koreans i'm north korea for a long awaited reunion with family members. who own these on the phone screen unions in three years they bring together families who were divided after the korean war in the one nine hundred fifty s. some haven't seen their relatives since the end of that conflict the reunions were agreed to by the two korean leaders at the historic summit in april part of the recent forward relations between the two countries the south koreans were chosen by lottery the oldest of them is one hundred one for some these brief meetings are likely to be the last and only time they'll see each other. joining me now is journalist jane quantify she is in the south korean capital seoul welcome jan how are these reunions progressing give us a s

from greece to neighboring turkey the u.s. has threatened a new round of economic sanctions against turkey escalating a diplomatic and economic dispute that has seen deliver a plunge this after turkey's finance minister a bit out of iraq has assured international investors that the country's banks are healthy and strong when the lyrics volatility is pushing investors to put their money in other currencies some are backing the president's call to do just the opposite convert dollars back to lure us. as the lira struggles at all time lows many turks are really in behind president everyone's calls to exchange us dollars for local currency one is then bull restaurant to unseat upon his own novel scheme to rescue the lira. much the aim is to support the state and support the government therefore we launched a campaign to offer one portion of free fish and bread to anyone who converts one hundred dollars or more to. the restauranteur came up with the idea in partnership with a nearby foreign exchange office and the idea seems to be

modern greece has ruins of its own. shuttered factories are temples to the worst financial crisis in living memory. this once famous tile producer was an iconic bankruptcy as greece crashed. but from an economic wasteland, the country is slowly building itself backup. greece is beginning to hum again. after the factory closed, the workers took over part of it. now producing greener products. soap and cleaning liquid. starting again from the bottom up — a metaphor for greece's recovery. translation: when bankruptcy hit we contemplated suicide a lot. when you reach the edge of a cliff you eitherfall off or grip and hold on. so we said no. we struggled, not just for ourselves but to see this new model copied in otherfactories. this saved both our minds and our lives. from 2010, greece was gripped by unrest. revealing its skyhigh deficit led to three bailouts totalling over 300 billion euros. the price was austerity, with daily protests after pensions and salaries were slashed. despair turned to rage. running battles consum

and as we briefly mentioned here last time greece's bailout has officially ended though are there any policies imposed as a condition for those credit packages or remains in place starting in two thousand and ten greece asked for and accepted and it's compel rather to accept three different packages of financial aid totaling nearly three hundred billion euros from the european commission the european central bank and the international monetary fund in greece tentative plans to officially celebrate the bailouts and were cancelled e.u. commissioner of economic affairs pier of moscow viki hailed the bailouts and. the fact is that greece is transformative reforms have laid the foundations for a sustainable recovery putting in place the fundamental conditions need for sustained growth for job creation and for sound public finances indeed used to come this was the main goal of the program that and to date we all knew that greece concludes its program with a public debt level that these the highest of any member state. greek prime minister alexis tsipras compared the crisis and aftermath to

is always better if to see all this money which flew to flew to greece. with the reform of conditions this has damaged the relationships between greece and the rest of europe so much. from the math fund in frankfurt thank you very much for your analysis and insights. thank you. to a potential financial crisis in another country the us has threatened a new round of economic sanctions against turkey as the escalating a diplomatic adek anomic dispute that has seen the lira plunge this after turkey's finance minister better has assured international investors that the country's banks are healthy and strong while the lyrics volatility is pushing investors to put their money in other currencies some are backing the president's call to do just the opposite convert dollars back to liras what seems to be an irrational thing to do becomes a no brainer when you sell it as a nationalist cause and with the idea of a common enemy the us. as the lira struggles at all time lows many turks are really in behind president everyone's calls to exchange us dollars for local cu

we begin with one of greece's financial papers. it asks what wounds are still left open in the country's economy after the eu bailout ended. and that's a contrast to coverage in germany's handelsblatt. it has the country's finance minister celebrating what he calls greece's salvation. to the independent now. it covers concern among carmakers over brexit. ford saying it could move uk production as its profits plummet. another carmaker in the headlines. tesla's boss elon musk‘s plan to combat short selllers may have backfired. the times of india now with those devastating floods and worries that worsening weather in the next 10 years could kill 16,000 people. and finally, i news and the minister of finance emphasizes success of the aid. we have been asking for your ideas on how to overcome the ideas about food wastage. nkem and i have been looking through the papers this morning. he was hoping to go home! this is an interesting angle, looking at some of the open wounds and multitude of challenges that greece continues to face. if you

greece is beginning to hum again.fter the factory closed, the workers took over pa rt factory closed, the workers took over part of it. now producing greener products. soap and cleaning liquid. starting again bottom—up. a metaphorfor liquid. starting again bottom—up. a metaphor for greece's recovery. translation: when bankruptcy hit we contemplated suicide a lot to do when you reach the edge of a cliff you either fall off when you reach the edge of a cliff you eitherfall off or when you reach the edge of a cliff you either fall off or group that hold on. so we said no. we struggled not just for ourselves hold on. so we said no. we struggled notjust for ourselves but hold on. so we said no. we struggled not just for ourselves but to see this new model copied in other factories. this saved both our minds and our lives. from 2010, greece was gripped by unrest. revealing its skyhigh deficit led to three bailouts totalling over 300 billion euros. the price was austerity with daily protests after pensions and salaries were

they didn't know what direction greece was in. so that's the reason why over 3,000 people were lost at sea. and many of these people, they don't know how to swim, or they've purchased life jackets that are made in china and are actually filled with plants or foam. so they' life jackets, even. so that's why the journey is so perilous and so many people lost their lives. >> and, actually, while we were there, when we were on the island of lesbos, a boat came in, or a boat was trying to come in, and capsized, and most of the people on that boat were lost. >> i know that your group is doing a lot to help the refugees in particular. >> yes. >> what are you hoping that these interfaith trips will do? >> yes. we're so excited to be running these interfaith trips, and we're going to continue to run about two or three a year. so if your community is interested in running one through israaid, please get in touch with us. you can visit our website. but we're really hoping to because it's so important for people to see the issue, to meet thes

access to the financial market of course is due to the fact it greece's now. it has modest repayment obligations and some sort of cash so this the next month or next year the superstore going to be able to on the take the forms message quite unnecessary forms to improve the life of the greek people ok let me get back to the great pensioners again when when we're talking about twenty percent unemployment g.d.p. down twenty five percent on pre-crisis levels it doesn't sound like there's going to be the productivity to actually keep true the country going and to ensure that further down the track greek pensioners of well look after. your correct t p is that levels similar to the us great depression but unlike the u.s. recovery is taking much longer and the problem is that greece achieve the primary surplus by tax increases by cuts in social security spending but still suffer reforms stakes still very long to get to licensees if you want to need permits to build build a new plant all these things which are it's just homework for the greek government on its own thi

greece's speculates on feet to be has access to the finance markets. at least today that's the successful to see cross government what about tomorrow when all those pensioners realize there isn't that much money in the pension pot. access to the financial market of course is due to the fact it's greece's now. it has modest repayment obligations and some sort of cash so these the next month or next year the superstore going to be able to on the take the forms message quite unnecessary forms to improve the life of the greek people ok let me get back to the greek pensioners again when when we're talking about twenty percent unemployment g.d.p. down twenty five percent on pre-crisis levels it doesn't sound like there's going to be the productivity to actually keep through the country going and to ensure that further down the track greek pensioners are well looked after. you are correct cheapie is that levels similar to the us great depression but unlike the us recoveries taking much longer and the problem is that greece achieve the primary surplus by tax i

has been a long, hard road for greece. meaaures, the ountry is pfficially out of its third and final bailout. greece got close to 300 billiin euros from the e.u. and international monetary fund in exchange for tax hikes and cuts in welfare. to talk more about the economist. you are also a mmmber of the truth committee on the great public d debt. greece finally coming out of .ears of baalout the government seems optimistic. do youou think it should be? -- analyst: is an improvement not to have the tight control of the ttoika, aad to see that the blaming and punishing game can stop at last. obtainiig a real debtf, the level of the remains extremely high, and the commitment that has been taken continue it, even if it as -- is at a lower level -- the perspectives for handling an whichy destroyed by 25%, ii huge without having had a difficult to do. be extremely in order to face the problem f the debt, the problem of unemployment, which remains high , about 19.5% -- and ii relieving the greek population -- my biggest concern co

here in germany the government says it has reached a migration deal with greece creases agreed to take back migrants who apply for asylum there and later turn up at germany's border with austria now the deal struck last night that affects migrants who tried to enter germany via the austrian german border and who have previously filed an asylum application in greece under the deal migrants can now be sent back to greece within forty eight hours the german government released no details details as to what greece would get in return the german government agreed a similar deal with spain last week and is working on one with italy. our chief political editor michelle joins us now for more on the story today michelle you know this agreement means germany can now send refugees back to greece how is it all supposed to work. well as you already mentioned it only really affects that border between austria and bavaria the german state of bavaria which is also where the german interior minister is from it's only a couple weeks ago that we saw him almost singlehandedly bring down on them ackles gov

news still to come on this program greece prepares for the end of its bell out program that's coming up on monday but hasn't benefited the country's people. plus filling job vacancies in germany as a tackles a major labor shortage all that much more straight ahead with the the universe. and. he takes it personally you already with all the wonderful people in stories that make the game so special. for all true fans oh my son. pick up more than football online. time for an upgrade. our furniture that grows old by. house with no roof. or design highlights you can make yourself. trends tips and tricks that will turn your home to something special. upgrade yourself with d. w's interior design channel on you tube. germany takes actions a tackle an urgent lack of skilled workers new legislation will make it easier for non e.u. nationals to come to germany we'll tell you what the new conditions will be for. and european officials say the end of greece's two hundred billion euro bailout is a milestone but the mood on the ground is more reticent we'll tell you why. it's time for business on d.

it means that greece is free in the framework that greece is free in the framework that we have in commonion of the loans it received, the greek government was forced to introduce deeply unpopular austerity measures. yanis varoufakis was the greek finance minister in 2015. after only six months in office he resigned over the debt crisis. speaking to the bbc, he said there was nothing to celebrate today — since nothing would change. we haven't paid back a single penny. what has happened is this is what the european does when it wants to fudge and present a major defeat as a triumphant glorious victory. they extend and pretend, so they extended the repayments of the greek loans. it's a bit like a friend of yours not being able to repay their mortgage and the bank saying 0k, not being able to repay their mortgage and the bank saying ok, for the next ten years don't give us any money but after that you will give all of the money back with interest that will become pounded over the decade. that will not end well because when the repayments start hitting they will be unbearable. so greece has b

this is deja vu news still to come on this program greece prepares for the end of its balance of programs coming up next week but how much as a benefit of the country's people. plus filling job vacancies here in germany has attacked the us all labor shortage that more is free to. make your smart t.v. smarter than t w four smart t.v. . what you want when you want it up to do extraordinary in-depth decide what's on find out more that dot com smart t.v. . these creations should just brand the stink of all the column lock off an icon of the fashion world. look what do we really know about the man behind the dark shades what motivates him how does he think and feel private moments in the life of a great fashion designer business on smartphones. start september ninth w. look at it in. germany takes action to tackle an urgent lack of skilled workers new legislation will make it easier for non e.u. nationals to come to germany we'll tell you what the new conditions will be. also on the show european officials say the end of greece's two hundred billion euro bailout is a mile. stone but there are

well the much straight it gregg's it greece exiting the euro zone was a voted in while greece will now stand again on its feet financially speaking he still faces a major hurdles before it its economy can be called healthy he is of austerity have left their mark especially on the greek health sector. a pharmacy in a typical athens neighborhood most of those who live here belong to the middle class costas antonopoulos has known many of his customers for years. it used to be rare that someone had a problem paying but that's changed with cuts to pension benefits and the rise in drug co-pays things have gotten tighter for more customers if you've got money then we had to have money. or in my head it was they didn't know what they think they were that my birth i feel like giving you the medicine maybe you come by with the money we send them you don't come home with them running. three kilometers away on land that once belonged to an airport is the headline a conflict people can come here when they don't have enough money for their medicine when the clinic was founded in two thousand and ele

greece is's recession is the largest since the great depression in the u.s. been twice as long as that of the u.s that says something. it's time to rebuild and look forward. it's time to find ways to attract foreign investment in the country. it's time for the revolution and change in greek institutions >> you've got the elections coming up -- >> 14% as -- >> benefit from today's occasion given that it is an occasion for greece does it have any fiscal ramifications? >> i don't think that the -- the bailout will help the current government in any way. remember the third bailout was unnecessary. estimated the cost of the 2015 brinkmann ship by -- to tune of 100 and 200 billion. it's been three lost years for the country. they've not delivered on promises i think they will lose the next election the real question is, will the next government, which is likely going to be democracy, manage to change after -- attitudes in the country and give it a push towards reform remember, this is the same government, same party that brought greece into it in 2009 let's see whe

and as we briefly mentioned here last time greece's bailout has officially ended though our policies imposed as a condition for those credit packages are remains in place starting in two thousand and ten greece asked for and accepted and once compel rather to accept three different packages of financial aid totaling nearly three hundred billion euros from the european commission the european central bank and the international monetary fund in greece tentative plans to officially celebrate the bailouts and were cancelled e.u. commissioner of economic affairs pier moscow viki hailed the bailouts and. the fact is that greece she's transformative reforms have laid the foundations for a sustainable recovery putting in place the fundamental conditions need for sustained growth for creation and for sound public finances indeed used to come this was the main goal of the program that and today we all knew that greece concludes its program with a public debt level that these the highest of any. member state. greek prime minister alexis tsipras compared the crisis and aftermath to homer's odyss

from 2010 greece was gripped by crisis. athens. greece was collapsing and risked taking the eurozone with it. a huge bout of tear gas has come up... i covered the story as the athens correspondent and have come back as greece finishes its bailout. this once famous tile producer was an iconic bankruptcy, as greece crashed. but from an economic waste land the country is slowly building itself back up. greece is beginning to hum again. after the factory closed, the workers took over part of it. now producing greener products. soap and cleaning liquid. starting again bottom up. a met aforefor greece‘s recovery. translation: when bankruptcy hit, we contemplated suicide a lot. when you reach the end of the cliff you either fall or grip reach the end of the cliff you eitherfall or grip and reach the end of the cliff you either fall or grip and hold reach the end of the cliff you eitherfall or grip and hold on. so we struggled not just eitherfall or grip and hold on. so we struggled notjust for ourselves. this saved our minds and o

on monday greece finally exits and. the financial bailout program which has sustained it through an almost decade long debt crisis over the course of the bailout put together by the e.u. and the international monetary fund greece received more than three hundred billion euros but the crisis has dealt heavy blows to the country's economy more than four hundred thousand people have left the country pensions have been dramatically cut and taxes raised while the debt has risen to one hundred eighty percent of g.d.p. athens is expected to be repaying the bailout loans until twenty sixty and while there are now signs of recovery the e.u. officials supervising greek of finances admit that there is still a long way to go clearly the reality on the ground remains difficult the time for steroids he is over but the end of the program is not the end of the road for reform there is still much work to be done so that greece can stand on its own two feet we also underestimated the deep crisis facing the greek state and economy of the

well meanwhile greece has today emerged from the last of this three bailout programs athan. this is no longer the pens on aid from the european union your few central bank and the international monetary fund the loans amounted to two hundred sixty billion euros and came out a steep cost for the people of greece. finally no more aid packages and no more funding requirements but the last eight years have been tough for greece and brought drastic cost cutting measures many greeks lost their jobs and their homes income is fallen by a third on average the taxes however remained high for most people it will be a long time before the situation improves and some people don't even believe it's possible like this silversmith but also because you're personally for me in the coming years i don't see any hope everything looks bleak to me. because you see the middle of the great crisis brought down me and thousands of people in my position women weren't interested in buying our clothes anymore and as a result my manufacturing company closed we started this combined cafeteria and many mark

>> greece has an opportunity to .ry so, greece, as you know, has turned the corner on growth last yearaving the program and much better physical shape than it has been for decades and they have a significant cash offer of about 24 billion euros. to exit the able markets. what they are constrained by our two things. one is they have very limited scope for a fiscal stimulus of the economy. one condition was they essentially continue the policies of the last few years and indeed, they have to. a lot of debt still to pay down. , evenher main issue is though structurally the greek economy has improved, the program has not really succeeded in being transformational. the sense is that many greeks still miss trust their government and institutions. many have left and if you are likely to time. -- to return. the long-term growth not all that great. the government will have to prove not only that it can keep on a reasonable fiscal path, but can also sustain reform. joe: the downturn in greece, basically, which is going on about nine years, almost a decade, is, by some measures, worse than the gr

european officials think beyond of greece two hundred billion euro bailout is a milestone but the mood on the ground is more reticent we'll tell you why. this news update i'm funny for char here in brawl that german companies say all. lack of workers is costing the country thirty fillion europe's a year in g.d.p. now the german government is sad it will make it easier for non international's to come here to work to fill the gaps in the future people will be able to come to germany without a job offer if they are properly qualified until now that rule has only applied to do so with a university degree people will be chosen on the basis of their age and german language abilities businesses want more workers especially in health care on the tray it's now the lack of qualified because this is especially critical in the geriatric care sector where they are thirty thousand vacancies nationwide that means you know to quit care for the old really on top of the workload for those who currently nurse them as germans are getting older the problem will get worse and that's why the government hopes

as greece emerges from years of bailout smear look at how austerity has affected the nation. we're used to be one of the richest countries in the world but now all rich venezuela is suffering from runaway inflation and its national currency has become almost useless president nicolas maduro is blaming all of this on what he says is an economic war against his country term or seeing millions flee even as well as economic hardships for neighboring countries. the international monetary fund predicts inflation will continue to rise by up to one million percent this year to put that into perspective venezuelans are now paying about two million dollars for a cup of coffee in order to tackle the problem the government has introduced a new currency the sovereign bolivia which will remove five zero from banknotes it's linked to a crypto currency called the petro that's pegged to the price of oil and the government is also raising the minimum wage by three thousand percent and faced with a squeeze on the country's cash reserves president maduro wants venezuelans to pay more for what is

modern greece has ruins, too.closed, the workers took over part of it, now producing greener products, soap and cleaning liquid. starting again, bottom up, a metaphor for greece‘s recovery. translation: when bankruptcy hit, we contemplated suicide, a lot. when you reach the edge of a cliff, you either fall off or grip it and hold on. so we said, "no", we struggled, not just for ourselves, but to see this new model copied in otherfactories. from 2010, greece was gripped by unrest. shouting. revealing its sky—high deficit led to three bailouts totalling over 300 billion euros. as austerity hit, despair turned to rage, running battles consumed central athens. greece was collapsing and risked taking the eurozone with it. archive: a huge, huge bout of tear gas has just come out to this place where i‘m broadcasting from. i covered the story as the athens correspondent and have come back as greece finishes its bailouts. the endless days i spent here among the chaos of the protests seem almost like a distant memory. greec

and as we briefly mentioned here last time greece's bailout has officially ended though are there any policies imposed as a condition for those credit packages or remains in place starting in two thousand and ten greece asked for and accepted and it's compel rather to accept three different packages of financial aid totaling nearly three hundred billion euros from the european commission the european central bank and the international monetary fund in greece tentative plans to officially celebrate the bailouts and were cancelled e.u. commissioner of economic affairs pier of moscow viki hailed the bailouts and. the fact is that greece she's transformative reforms have laid the foundations for a sustainable recovery putting in place the fundamental conditions need for sustained growth for job creation and for sound public finances indeed used to come this was the main goal of the program that and today we all knew that greece concludes its program with a public debt level that these the highest of any. member state. greek prime minister alexis tsipras compared the crisis and aftermath t

from 2010 greece was gripped by unrest. led to three bailouts totalling over 300 billion euros. as austerity hit, despair turned to rage, running battles consumed central athens. greece was collapsing and risked taking the eurozone with it. archive: a huge bout of tear gas has just come up to this place where i'm broadcasting from... i covered the story as the athens correspondent, and have come back as greece finishes its bailouts. the endless days i spent here among the chaos of the protests seem almost like a distant memory. greece is clearly rebuilding but the problems are still here. unemployment is at 20%, down from a high of 28%. austerity has pushed one in five below the poverty line. the economy has shrunk by a quarter. greece may be coming off life support, but it is still far from real recovery. and out of sight for those still suffering, the once comfortable depend on food hand—outs after losing jobs and homes. livelihoods suddenly destroyed in 21st—century europe. translation: i don't see the crisis coming to a

coming up what future greece now it's funny coming out of its bailout program but the millstone very much remain for a long time to come yet just one of the stories ahead. place. i've been saying the numbers mean something they matter to us is over one trillion dollars in debt more than ten dollars timestamping each day. eighty five percent of global wealth he longs to be ultra rich eight point six percent market saw a thirty percent rise last year some with four hundred to five hundred trade per circuit first second and decline rose to twenty thousand dollars. china's building two point one billion dollars a i industrial park but don't let the numbers overwhelm. the only number you need to remember is one one business show you can afford to miss the one and only. i think he has snatched your camera. roughly once they showed some leave for them. uncool videos and so on with the roughly string apps. down more on string i don't rightly don't t.v. . morning from moscow it said twenty minutes past eight he and next a muslim couple is saying that up like a sheaf a swiss citizen ship rejec

approved a key eighty six billion euro tranche of aid dimitris former press officer for greece's then finance minister believes the country's partners did not take the right approach to the debt crisis. an alternative would have been the drastic reduction of the debt to make it sustainable in two thousand and ten it wouldn't require a lot of restructuring in order to make the debt sustainable day but at that time neither europe nor the united states or the world economy was ready to deal with their debts effectively and that's why people view tomorrow's date with some relief in the sense that they would not be under the same strength of old as they were in the past eight years on the other hand greece will still have to continue with this and are staring which is going to make life difficult for the majority of greeks. a large fire in a commune in a paris suburb has reportedly left at least twenty two people injured and seven are said to be in critical condition including five children fire started around seven pm on the top floor of the three story building around the firemen fought

the prime minister signal to the beginning of a new age for greece one in which greece will become a normal european country again able to choose its fate to determine its economic policy free from the external coercion of other countries and memorandum of understanding this is very much within the seed is a narrative that this left wing government was elected to rid the country of austerity policies imposed from without due to the policies of previous administrations and admitting no blame itself in prolonging or causing any further problems in the course of the greek economy the opposition conservatives have a very different narrative they believe but see it is this election itself spooks the markets prolonged greece's period in the wilderness on able to borrow from the private sector and therefore remaining dependent on the third handout from its heroes and partners those two narratives are likely to persist as greece heads into an election year with local and european parliament elections coming up in may and the general election by september of twenty nineteen as the two parties

well tensions between greece and the e.u. reached a peak in two thousand and fifteen when brussels demanded austerity measures to deal with the debt crisis most greeks voted against those measures in a referendum now the government was pressured by the e.u. into implementing them as a result the e.u. approved a key eighty six billion euro tranche of aid dimitris yana pop the us was former press officer for greece's then finance minister he believes that the country's partners did not take the right approach to the debt crisis. and alternative would've been the drastic reduction of the debt to make it sustainable in two thousand and ten it wouldn't require a lot of restructuring in order to make the deck sustainable day but at that time neither europe nor the united states or the world economy was ready to deal with their debts effectively and that's why people view two hours date with some relief in the sense that they would not be there saying strength of as they were in the past eight years on the other hand greece will sti