does indeed donald trump have a point the international monetary fund has a point and in this criticism donald trump also has a point and basically he has this criticism not only with the international monetary fund but also with the european central bank is a european commission and they are indeed right we are exporting much more than we importing which necessitates that the rest of the world does exactly the opposite then porting much more than they exporting and they basically finance is via debt so they increase their debts so we're living off our economic model is built on others increasing their debts and this is clearly not sustainable and this was also one like that don't we we like that because it's not us who make the debts it's the others but at some point they will have difficulties and we've reached this point already this was a financial crisis of two thousand and nine and two thousand and ten the europe is the euro crisis. so this is not only some abstract danger that lurks in the future we've already been at that point if we only come out of this crisis b

does indeed donald trump appoint the international monetary fund has a point and in his criticism donald trump also has a point and basically he says this criticism not only with international monetary fund but also with the european central bank is the european commission and they are indeed right we are exporting much more than we importing which necessitates that the rest of the world does exactly the opposite them putting much more than they exporting and they basically finances via debt so they increase their debts so we're living off our economic model is built on others increasing their debts and this is clearly not sustainable and this was also one like that don't we we like that because it's not us who make the debts it's the others but at some point they will have difficulties and we've reached this point already this was the financial crisis of two thousand and nine and two thousand and ten the europe is the euro crisis. so this is not only some abstract danger that lurks in the future we've already been at that point if we only come out of this crisis because

argentina paizo plummets to a new low that as it asks the international monetary fund to step up the pace of its payments we ask our market correspondent how much worse things can get for emerging economies nowadays also on the program germany has a shortage of nurses could the onsen in albania. welcome to do business argentina's peso has plummeted to a record low again. the dollar with investors reacting to president. appealed to the international monetary fund to speed up this embarrassments from the country's fifty billion dollar credit line uncertainty over inflation and economic downturn and budget deficits have sent to the pace of tumbling forty percent since january everything is getting pricier food electricity buses schools this year inflation in argentina is expected to reach around thirty percent and at the same time the peso continues to fall since the beginning of the year the argentinian currency has lost forty five percent of its value against the dollar the country's central bank has spent weeks desperately selling off its currency reserves in an attempt to stabilize

real currency crisis economists are already talking about a possible bail out from the international monetary fund and around the globe the stock market's taking a hit because a president refuses to take action or responsibility tonight watching the turkish president talking his economy into one big target and one giant victim i burned off in berlin this is the day. he's economy is on the scene of super bowl looked trying to save money and keep an eye on all finances the piece is that is about i have to come up with a plan b. i don't know what i'm going to do. with the. exchange rates will soon return to a reasonable level do not worry give them the united states has to understand that it won't get anything from tacky pressure congress sunshines on the most of it. out on social media their economic terrorists. yet again just once we capture them we will impose unnecessary punishment. is treason. also coming up tonight can making it illegal make the controversy around it go away across europe governments are banning the muslim headscarf or burka in public in one german region lawmakers say the ban

value of the peso points to a record low after president rates him mockery appeal to the international monetary fund to speed up a fifty billion dollar emergency bailout and reports. the international monetary fund has agreed to speed up bailout payments to argentina president made the request of the argentine post or drop to record lows. but you have to keep in mind also that the perception of the i.m.f. . is very negative for what happened in two thousand and one. two thousand and one is when argentina defaulted on its ninety three billion dollar loans tens of thousands of businesses closed unemployment skyrocketed and a huge number of people were left in poverty but i don't know. the new generation that did not live through the two thousand and one crisis like me as i was still a kid we see what's happening now and there is a lists and lists trust in government. lack of trust from the government's inability to cut deficit spending it's also failed to address pension reforms or create revenues from taxes all that and the spiraling global investors and argentinians who want to take their money out

teams you know where we are that's why i would like to announce that we've agreed with the international monetary fund to advance our older funds necessary and this is to ensure compliance with next year's financial program you know as you know that on your. that's part of the agreement the i.m.f. released fifteen billion dollars to argentina in june and is poised to provide an additional three billion dollars next month the funds are aimed at supporting the budget and shoring up the pace so you. put on certainty over spiraling inflation and economic downturn and a ballooning deficit has sent the peso tumbling seventy percent against the u.s. dollar this year the weak peso increases the country's foreign debt burden and investors fear point us our is the. they have problems meeting its foreign currency debt obligation next year. to make matters worse on monday argentina's treasury minister said the economy would contract one percent this year compared to a previous forecast of three percent growth. in the poll of the adriatic that's what people call dubrovnik a popular travel destination on croatia's

bid to boost the devastated economy but critics say the measures don't go far enough the international monetary fund has warned that venezuela's inflation could exceed one million percent by the end of the year well our latin america editor lizzie newman has more details from caracas. this is the first day that banks and shops are supposed to be open since the new currency regulations went into effect and quite frankly there are far more questions than answers at this point many shops are closed not only because a part of the opposition has called for a nationwide strike but simply because they don't know what to charge and people don't have any money because the new currency hasn't really hit the streets yet it's very difficult to get it you can get up to ten of the new billy believe it is which are worth one million of the old believe it is but with that you can barely buy a cup of coffee at this point so that is not enough to go shopping many but in a shop just saying that they don't open at all because they don't want to operate at a loss doing that probably in a couple of weeks' time everything

the international monetary fund has warned that rising trade tension between the us and the rest of theld cost the global economy some $430 billion with america especially vulnerable to an escalating tariffs for. the us imposed 25% tariffs on $34 billion of chinese staff ranging from tractors to handbags, even umbrellas. and that wanted beijing to retaliate in kind. zooming in on the world ‘stop zooming in on the world ‘s top two economies in particular, the us and china and their trade war, both countries are getting ready to slap a25 countries are getting ready to slap a 25 cent tariffs on $65 billion worth of goods this thursday and will bring total tariffs to $50 billion worth of imports from each other. let's bring in our china correspondent whojoins other. let's bring in our china correspondent who joins us from the streets of shanghai. robin. welcome to china's commercial capital. we are throwing a lot of numbers that you this morning so let's add to that tally. it is almost 22 months since donald trump was elected president of the united states. some of his critics say there are

argentina's peso plummets to a new low as the country asks the international monetary fund to step up the pace of its payments we ask our markets correspondent how much worse things can get for emerging economies not it's also the program germany has a shortage of nurses but the answer lies in albania. this is the other business i'm crystal coble welcome argentina's peso has plummeted to a record low against the u.s. dollar with investors reacting to president modest so mcnamee's appeal to the international monetary fund to speed up this and bergman's from the country's fifty billion dollar credit line. mr markey says the cash is needed to ease the country's financial crisis stabilize turbulent markets and guarantee compliance with next year's financial program uncertainty over inflation and they can all make downturn and budget deficits have sent the pace of tumbling forty percent since the beginning of the year the i.m.f. has said it will reexamined its payment schedule. and argentina is having trouble keeping up its currency at the same time the turkish lira is dropping and venezue

the international monetary fund has extended the fifty billion dollar bailout loan to argentina when president . for an early release of the i.m.f. funds the peso tumbled to a new low against the dollar ending the day at nearly half the value it had on january the first and this is the person with a dollar worth over forty pesos we cannot buy teaching materials supplies or tools to support him don't wonder if the show inflation is exceeding thirty percent and we are earning less than we need to feed ourselves there are teachers who are living in poverty. protesters say basic needs get more expensive every day you took your rates have increased one thousand five hundred percent and businesses are closing leaving more people jobless they blame president mccree for what they call neck anomic disaster. economists say the government needs to stop foreign currency from leaving the country however the government has done the exact opposite totally deregulated market. sort of setting the grounds for this run on the dollar president mccree is trying to ease panic among investors he has promise

international bailout. in a televised address, the president said quicker access to funds from the international monetary fundld restore market confidence. the head of the imf has said its economists will act swiftly, but it's a tough call for argentinians — many have bad memories of past imf interventions in earlier crises. lebo diseko reports. this is an announcement that argentina's president probably didn't want to make, explaining that he was asking for the early release of a $50 billion imf loan. translation: i want to announce that we have agreed with the imf to advance all of the necessary funds to guarantee compliance with next year's financial programme. last week there were new expressions, highlighting a lack of confidence in the markets, especially concerning our capacity to obtain funding for 2019. argentina's economy has been struggling. the peso has lost more than 40% of its value against the us dollar this year. attempts to control spiralling inflation have led to the highest interest rates in the world. it's not the only emerging market to suffer currency devaluation recently, but its situat

the international monetary fund has extended a fifty billion dollar bailout loan to argentina when president asked for an early release of the i.m.f. funds the peso tumbled to a new low against the dollar ending the day at nearly half the value it had on january the first number is that we did dollar worth over forty pesos we cannot buy teaching materials supplies or tools he said that if i show inflation is exceeding thirty percent and we are earning less than we need to feed ourselves there are teachers who are living in poverty. protesters say basic needs get more expensive every day you took your rates have increased one thousand five hundred percent and businesses are closing leaving more people jobless they blame president for what they call nec anomic disaster economists say the government needs to stop foreign currency from leaving the country however the government has done the exact opposite they totally deregulated markets. sort of setting the grounds for the run on the dollar president mccree is trying to ease panic among investors he has promised to restore economic growth while

cooperated with the international monetary fund with. the president added and his rather patry arctic nationalist stance it's of course difficult to imagine that he will cooperate with the i.m.f. . in frankfurt during joins in istanbul thank you both very much. pilots of europe's biggest budget and ryanair are in a coordinated twenty four hour strike across europe germany is likely to be worst hit with two hundred fifty flight cancellations at ten airports pilots in belgium sweden and the netherlands have also walked off the job. it's the biggest industrial action ever to hit europe's biggest budget airline the effect is visible here at frankfurt hahn airport where check in desks are understaffed and passengers nowhere to be seen many planes won't be flying today pilots union representatives in frankfurt say their message is ryanair must change. defeating ryanair it's about sending a signal that they have to stop trying to defeat their own employees. some passengers were forced to spend the night of early in the show and i felt airport m

any cost under very firm conditions and that is we need an economic program run by the international monetary fund we need to stop his blackmailing of partners which he did over recent years just putting german or american citizens into jail and only offering to reason under certain conditions that is blackmailing a nato partner and he is also very unreliable as a nato partner he for example germany had one of their troops in talkie truth to to help turkey to be in a safe situation with the war next door in syria and even didn't admit german parliamentarians to visit german soldiers and so we had to change that and pull our troops out so there's a lot of things one is unreliable and now he needs our help and that is the moment where we should have very firm conditions under which we will give him an actual it own posen a president that one is to blame oh yeah definitely i mean. he started out as an economic reform. important point yet and the west especially europe welcomed that and the idea was that turkey with this is a mild brand of islam is and could go beyond kemalist nationalism and the. kur

economic model what's being speculated on the markets now is whether this will include the international monetary fund the i.m.f. many pundits many experts are convinced that this is the way for the country to go turkey should call the international monetary fund for help just like argentina has this year. from a fan stuck in strange thank you very much for the business here's a reminder of the top stories we're following for you here on two w. all exempt self a fierce critic of the kremlin and sensibly close to death on hunger strike in a russian jail france's president obama well mark truong is due to raise the issue with russia's vladimir putin today. and as a joke today this is news coming live from above and there's more news coming out the top of the hour of course i don't forget you can get all the latest news and information around the clock on the web site which is of course dot com thank you very much for joining us today fox. she's sixteen years old homes her own business and is helping to prevent water shortages in south africa. recently signed something about the water being wasted on her

global markets today we've had economists actually saying out well that a bail out by the international monetary fund may be inevitable we've also had the turkish government today indicating that it may try to develop closer economic ties with russia. worst case scenario move away from its dependence on the west i mean how far could that realistically go. well for sure the relations between moscow and ankara have been deepening in the last few years and the russian president vladimir putin was quick to offer his moral and political support to the one with the announcement of these u.s. trade sanctions against turkey and we are hearing reports of possibly russia will agree to sell oil which is a key import for turkey in rubles rather than dollars that could possibly help to alleviate the problems turkey is going expected to face going forward but any hope that turkey can turn to moscow and receive tens of billions of dollars in support instead of from the international markets in europe in the u.s. it's just seen as illusionary they just russia doesn't have back kind of capital to lend to turkey it ha

we need an economic aid program run by the international monetary fund. we need to adelanto stop his blackmailing of partners whichh she did o over recent yes just putting german or american citizens s into jal and only offerining trees under certain conditions that is blackmailing us and nato partner. and he's also very unreliable. germany had to build a central in in truckee. towards the tool. to help turkey to be in a safe situation with the war next door in syria and out of one even didn't admits a german parliamentarians to visit german soldiers and so we had to change that and pull our troops out so. there's a lot of things where everyone is unreliable and now he needs our help and that is the moment where we should have very firm conditions under which we will. give them financial aid. i don't a president that one is to blame. definitely i mean -- he he started out as an economic reform -- important point yet and and and the west. the europe a welcome that and the idea was the turkey within a mile of brand of islamism could go beyond. mls nationali

against the dollar with investors reacting to president mari so mockeries appeal to the international monetary fundto speed up some burst minutes from the country's fifty billion dollar credit line now uncertainty over inflation and economic downturn and budget deficits have sent the peso tumbling forty percent since the beginning of the year everything is getting pricea food an interested t. buses schools this year inflation in argentina is expected to reach around thirty percent and at the same time the peso continues to full since the beginning of the year the argentinian currency has lost forty five percent of its value against the dollar the country's central bank has spent weeks desperately selling off its currency reserves in an attempt to stabilize the peso but to no avail nor has president rees appealed to the international monetary fund to speed up disinvestments from the country's fifty billion dollars credit line foreign investors and the public have lost faith. and we're going to put it in though the money it doesn't trust the government and especially its economic team and i think tha

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 currently the world's cheapest gas latin america editor lucien human right now has more on this from caracas. venezuela government supporters tried to rev up enthusiasm for the newly introduced economic measures described by president nicolas maduro as an economic revolution to defeat hyperinflation here conspicuously absent from a rally in front of the presidential palace was mad little himself who hasn't made a public appearance since an apparent assassination at

implementing a three thousand percent hike in the minimum wage and a rise in the price of fuel the international monetary fund has estimated that inflation in venezuela will hit one million percent by the end of the year it's made food and goods an affordable for many u.n. says that more than two point three million venezuelans have fled to other countries and on to run p.r.t. has more now from neighboring colombia. and it's well it's business sector is criticizing the new measures put in place by the venezuelan government saying that they will make matters worse in the country economy that is already suffering by the worst inflation anywhere in the world this is not of course what the government thinks president nicolas maduro introducing the measure said that this is the formula for the country to recover when it's in a just waiting to see what will happen on tuesday when banks will open and many business this is monday has been a holiday in venezuela while this tradition transition is happening in the meantime the influx of relief and fleeing the country continues across the region with more countries in l

in just the last two and a half years and they're fleeing an economic crisis so bad the international monetary fund says that venezuela's inflation could exceed one million percent by the end of the year this is prompted the government to introduce a new currency and pricing scheme which means items which cost a million dollar vase last week now have a price tag of just ten bolivar's have been long lines outside banks as people try to withdraw the new currency and made huge confusion over prices and many businesses have stayed shocked after venezuela's opposition called for a national strike against the government's new economic policies critics say the measures do not go far enough a lot of america editor is in yemen has more now from caracas. this is the first day that banks and shops are supposed to be open since the new currency regulations went into effect and quite frankly there are far more questions than answers at this point many shops are closed not only because a part of the opposition has called for a nationwide strike but simply because they don't know what to charge and people don't h

has shocked the country twenty oz the international monetary fund for an early release of fifty billion dollars emergency bailout at least two people are missing in myanmar after widespread flooding from a dam collapse more than sixty thousand people were forced to flee their homes when the torrent of water inundated towns and villages government officials are investigating what went wrong. nearly one hundred twenty thousand suspected cases of cholera have been reported in yemen since january the u.n. is warning that increasing the rate of infections of recent weeks could lead to another epidemic nearly four hundred thousand people have been vaccinated against the disease. and there's been another far right anti immigration rally in the eastern german city of quetta nets this follows two days of confrontations the protesters are rallying against asylum seekers and minorities in the city that follows the arrest of two men from syria and iraq a background on suspicion of fatally stabbing a german man on sunday. austria has proposed using e.u. armed forces of the blocks borders to keep out

world's fastest growing inflation sending the price of goods pirating out of control the international monetary fund says it could reach one million percent this year the current sea has become almost useless falling ninety nine point nine percent against the us dollar oil makes up ninety five percent of the country's exports but low prices and u.s. sanctions have had a major impact the new currency is done little to stop hyperinflation many businesses a close as they try to work out what to charge for goods in many cases what's available is already going up in price. venezuelans have been leaving to seek a better life elsewhere some of them are trying to move to neighboring brazil but as today's a bowl records are not being welcomed with open arms. brazilian troops now at the main point of entry between brazil and venezuela. bases what the border town of pak i my looks like after the anti migrant violence over the weekend. has been waiting for her three children four hours the venezuelan has been living with her husband in brazil with what is going on at home she's decided to send for her family. i

deficits have sent the peso tumbling forty percent since the beginning of the year the international monetary fund has said it will reexamined its payment schedule. for more on this let's bring in our markets men paul brits and frankfurt paul the turkish lira is dropping then as well as bodyguards seems beyond repair now argentina is having trouble keeping up its currency does all that spook investors. crystal of the alarm bells are ringing some analysts have warned that the danger of an emerging market crisis is actually growing and that's of course partly because of the ongoing trade disputes between the u.s. and china which a lot of emerging economies economies are suffering from the indian rupee is currently historic low china stocks have dropped in the past couple of days as well and now this news about argentina and the argentinean currency down even further the peso is lost even more what's the word on the trading floor how bad is the situation in argentina and can it be fixed. it's not hopeless but it is concerning the argentinian government try to fix the drop of the peso on tuesday and w

athens is no longer dependent on aid from the european union european central bank and the international monetary fund the loans amounted to two hundred sixty billion euro. finally no more aid packages and no funding requirements but the last eight years have been tough for greece and brought dress to cost cutting measures many greeks lost their jobs and their homes on average income has fallen by a third but taxes remain high and now for most people it will be a long time before the situation improves and some are very skeptical about the future like this silversmith gave human the personally for me in the coming years i don't see any hope everything looks bleak to me. you know all of the crisis brought me and thousands of people in my position to a low point in business my company closed but in a dignified way without owing money to the state or pension funds and we could open in this cafeteria and many market. he hopes he'll soon go in a foothold again a lot of people try to fight their way through like that it is a got to go you can be my hopes on something better even if we leave the bailout prog

greece needed to be bailed out by the european union and international monetary fund. the price of drastic austerity measures and these caused real hardship for many greek citizens. but now, for the first in almost a decade, greece is off life support. the economy has stabilised and grown slowly and it can borrow on international markets again. the eu economic affairs commissioner pierre moscovici today welcomed the bailout exit as "historic". imaintain i maintain that greece is now a normal country. it means there is no programme any more. it means we normal country. it means there is no programme any more. it means we are not going to monitor the reforms taken by greece in the future. it means we are not going to impose one way or another any kind of measure orany kind of way or another any kind of measure or any kind of decision. it means that greece is free in the framework that greece is free in the framework that we have in common to define its own policy, the common policy. it means we are not going to discuss that, and it is significantly different. as a condit

argentina is already at the international monetary fund. when they get scared, they start pulling their money out. the currency goes down. they have to pay higher interest rates. and you get into this cycle. so there can be a panic. there are weak fundamentals. i don't want to overstate it because the global situation is so benign. growth is good, interest rates are low. usually not quite the setting this happens, but we're not in a usual situation. >> it's not dry kindling all over the world right now, economies are doing all right. steven, let's just talk about what turkey's role is vis-a-vis the west, the united states and nato. it is an important country. it may be diminishing in importance over the last several years, but it is a u.s. ally and a nato member. talk to me in that context about what's going on. >> well, it's actually hard to make the case that turkey is an ally and i partner, although it is formally a member of nato. i think that the united states -- the trump administration has taken it has against the turkish government

commencing a three thousand percent hike in the minimum wage and a rise in the price of fuel the international monetary fund has estimated that inflation in venezuela will hit one million percent by the end of the year well it's made food and goods on affordable for many people and the u.n. says more than two point three million venezuelans have fled so all the countries al-jazeera. has more now from neighboring colombia. this new currency is now pegged to another type of currency a digital one a crypto currency that the venezuelan government introduced some months ago called the path through the pit through instead it's backed by business well it's huge oil reserves so what the government here is betting on is that if the pay through is more stable since it's backed by oil and by all prices which they hope will fluctuate less then what has been happening with the venezuelan currency this will bring some stability also to the boliver will this work we don't know at this point it has been so far a slow roll out of the government also announced that this monday when the new currency was starting to take it to