vice chancellor olaf scholz, welcome to hardtalk.e 30 years since german unification, we've become used to germany as the dominant powerhouse economy of europe, but right now the german economy is faltering. there are clear weaknesses. how worried are you? i am not very worried, because we have just softer growth, which is not a recession. it is far away from that. well, it is not far away from recession. you nearly sank into recession at the beginning of the year. no, it is far away from that. if you are a really globalised economy, if you are a big exporter and importer, all the developments in the world economy have an impact on the development of your country, and we know that there is a slowing of the growth for the economy, this is happening to germany, and we know where this comes from. it is mostly political reasons, tensions between the united states and china for instance, and trade questions, possible tensions between the united states and the european union, which i hope will not take place, and also the brexit. we will t

sackur is in berlin for an exclusive interview with germany's vice chancellor and finance minister olaf scholzto hardtalk from berlin, i'm stephen sackur. 30 years after unification, germany is still the economic powerhouse of europe, but is it running out of gas? growth is down, so our exports and critics say the german economy is dangerously reliant on the technologies of the past, not the future. today i have an exclusive interview with germany's vice chancellor and finance minister 0laf scholz. is germany's economic model in trouble? vice chancellor 0laf scholz, welcome to hardtalk. in the 30 years since german unification, we've become used to germany as the dominant powerhouse economy of europe, but right now the german economy is faltering. there are clear weaknesses. how worried are you?” am not very worried, because we have just softer growth, which is not a recession. it is far away from that. well, it is not far away from recession. you nearly sank into recession. you nearly sank into recession at the beginning of the year. no, it is far away from that. if you are a really globalise

may i invite to our stage olaf scholz. [applause] scholz: thank you for inviting me. looking at all of you, i have decided that i will shorten my and thenlittle bit we'll have a better chance to discuss with each other. i think it makes a lot of sense. it is a pleasure to be with you in washington and at a time when rules are increasingly under the key day on the multilateral calendar. my colleagues an opportunity to talk about the state of the global economy and potential risks and opportunities that call for coordinated action. of course, we discussed britain 's exit from the eu. brexit will cause disruption to mitigate the fallout from the andal economy, we, the eu its member states have put together precautionary measures and will continue to deal with the situation as it evolves. i am very happy that there has been a postponed decision and there is more time forgetting something that is a solution. i think the british system is very much influenced by the idea of having no bipartisan corporation. the last time they did something during the second world war, and t

finance minister olaf scholz plans to cut it back to one point 23% of gdp by. twenty twenty three far below nato's envisioned goal of 2%. chancellor medicical is ststill countingng on one and a a half percent and tilill. twenty twenty fourur that's it. for us to fulfilill this stated obligation i stand behinind that and so does the german government. when is? can the nato partners rely on germany. andreas said earlier this year german foreign minister ursula from the lion said nato is about decency and dependability. a not just cashing contributions the web dependability is important that. more and more of germany's allies are beginning to doubt that germany is a reliable acts at what's your take on a lot. they're not wrong eminem not sure they're right but they're not wrong and this goes back you have to understand this is not about trump this goes back several administrations. defense secretary gates in the w. bush administration came out strongly criticizing the german. they've just been more diplomatic that's just the americans but the other partners as wel

david durlacher, the ceo of olaf scholz internet -- of julius baer international.ve the details on the chinese export data, what this means for the china-u.s. trading situation. after we crunched all the numbers. on the subject of chinese trade, the chinese prime minister is attending the opening of the night the ninth business form of central and eastern european countries and china in croatia. we have those pictures coming to us and we are watching for any news lines that come out. up next, we will bring you some of the stocks on the move this morning, including ig group. across the sector for those trading businesses after that slump in the share price of plus 500. we will get the story next. this is bloomberg. ♪ ♪ anna: welcome back to the european open. a little bit lackluster in today's trading session, but we are looking at u.s. futures pointing higher by about 0.1% and 0.2%. let's get the individual stocks stores on the move. this stock is up nearly 5%, one of the biggest gainers in the stoxx 600. these tax issues mean the stock is relatively cheap. ig grou