German made easy. To w. s program guide. The highlights leave the home runs. Dot com highlights. What does a football loving country need to reach its goals. Well tell you how german soccer made it back to the top. In our web special. Dot com football made in germany. On hold the e. C. B. Leaves its key Interest Rates unchanged the u. S. Economy looks so strong that the fed raises rates yet again policy divergence widens the World Trade Organizations Ministerial Conference ends in discord its chief calling for some global soul searching. And holiday chaos for thousands of stranded passengers low cost european carey and nicki collapses who will rescue the airline and all its customers. And then fizzle and lets do business the e. C. B. Has upgraded its growth forecast for the eurozone but left open any moves by the bank to exit its monetary stimulus scheme the European Central bank has kept its benchmark refinancing rate at an historic low of zero percent and it will stay there for an extended period of time thats despite policymakers demanding the banks president mario draghi increase rates to match an ongoing recovery in the eurozone economy and the right Setting Council plans to continue its Bond Buying Program at thirty billion euros a month from january until at least the end of September Dragan says an ample degree of monetary stimulus is necessary and he has ample reasons im going to triple decisions have preserved the very favorable for years and. Still need force. To do sent. For me. For new stuff projections indicates a strong economic expansion and a significant improvement in the group. Over to frankfurt to get the reaction from man all the training for daniel cope i guess the c b is justifying its actions based on those growth forecasts that are coming through here this is very controversial actually banned because many people here on the Trading Floor but also experts are saying that the economy and the inflation that is already at the level where its supposed to be but no the e. C. B. Is saying that for some when you talk about the Consumer Prices they are afflicted to go up next year from one point two to one point four percent but still the target the goal of the e. C. B. Off a true Percent Inflation rate will not be met and till at least twenty twenty and even though the e. C. B. Is predicting it to perth and growth also for next year they are saying this is all not enough for our higher Interest Rates and also for a cut off the Bond Purchasing Program ben ok so good news for home buyers but not so good for all those germans who like squirreling away their money. Yeah exactly this is also going to mean that you know putting your money aside on a bank account also in the future still is not going to make any sense with zero zero zero percent Interest Rate though its going to be interesting for people investing in shares also after the news was breaking off the e. C. B. We saw the blue chip index going up again now its going a little bit down this is also because we are seeing a very weak euro at the moment but in general shareholders here at the Frankfurt Stock Exchange were appreciating the news of the day is that we could see investors packing into equities and markets going even further even higher what are we going to see those Interest Rates go higher. Well certainly not in two thousand and eighteen this is going to be for sure some thing that might be the case in two thousand and nineteen two thousand nine hundred also going to be a mario draghi of the last year theres no doubt that this Monetary Policy will have to change at one point so maybe just before he is going to retire some people think that then he might introduce and you know have higher Interest Rates for the youre alone enforced the latest Financial News there from daniel corp. The u. S. Federal reserve raised rates yesterday it was the third time this year the worlds biggest economy continues to strengthen thats not the only reason for the divergence in Monetary Policy the central Bank Structures of both economic giants on both sides of the atlantic a very different the e. C. B. Is a European Union institution in which you are member countries have Voting Rights the fed is regulated by u. S. Law but is owned by private banks its governors and chairperson chosen by the president the e. C. B. Objective is to maintain price stability keeping inflation keeping inflation a close to or below two percent the fed doesnt have those. Ations its job is to prevent financial crises but it does like to see inflation around two percent as well the e. C. B. Doesnt take the jobs market into account when making policy the fed is Employment Data closely its supposed to ensure full employment which it defines as no more than six percent of employ americans well in answer to the criticism the druggies going down a very different road to the americans he says hes just following the rules laid out to him and doing whatever it takes to keep the eurozone economy chugging along. The meeting of the World Trade Organization when a series has ended in discord a three day summit of world trade ministers failed to solve any of the most pressing issues growing strong rebuke from trade chiefs from europe the u. S. And south africa in light of the lack of progress the w t os director general cold on the body to do some soul searching. No agreement on agricultural reforms no agreement on scrapping subsidies that supports Illegal Fishing no agreement even on a joint closing statement there was some lip service paid to the importance of the w t o but ultimately for director general Roberto Azevedo the words help little waste what is disappointing is that this support its not translate into action. If we really all supported that which you if we really do we have to bear in mind that multilateralism doesnt mean that we get what we want it means that we get what is possible its not comparable to expect multilateralism to work and at the same time expect to walk out with everything you want. Speaking of walking out earlier in the week u. S. Trade representative robert lies hisor accuse the w t o of losing its focus on trade and becoming a little geisha centered organization he then proceeded to leave the missing early. Bag on the streets outside thousands of demonstrators marched to protest against what they see as the effects of multilateralism greater inequality and weaker workers rights with their representatives unable to reach any meaningful consensus their conviction that globalization has failed is only likely to strengthen. Greece says it will have enough wiggle room to cut taxes come twenty nineteen thats when the nation exits its third multibillion euro bailout until then your stare at it will continue and greeks will keep taking to the streets i can todays general struck. The turnout of sixteen thousand here in athens was enough to bring public transport and Government Services to a standstill the boats stayed docked and flights grounded. These workers feel betrayed by their government. Must mean. Theyre choking us exterminating us draining us and terms of population and culture. Our children go to Foreign Countries to find a job this cant go on it has to stop. That no one of them we have nothing to eat what else can they take from us there are no jobs there are no pensions theres nothing. We do is pay but the government doesnt tell us how were supposed to pay from where we going to find the money. The e. U. And International Monetary fund have approved greeces spending and saving targets that part of requirements under a bailout review programme the country is still deeply indebted but is cutting spending and holding taxes high in efforts to reach a Budget Surplus of over three and a half percent next year still Consumer Confidence has yet to return to precrisis levels the Greek Parliament will vote on the latest batch of reforms next week vital medicine for the economy say the cabal of creditors but for thousands of greeks its a bitter pill to swallow. German carriers a mounting a joint rescue for thousands of stranded passengers of the insolvent airline nikky is a subsidiary of bankrupt air berlin loved ones i was going to buy it was bought by competition authorities now the austrian based low cost holiday carrier has collapsed. It was anything but chaotic on thursday mist of nickys passengers simply stayed away the Holiday Airlines flights have been grounded the company is at rock bottom but theres still hope that someone could step in someone like nicky lauder perhaps the former racing driver who founded nicky and then sold it. Im still interested in its important to secure jobs and i want to fly with nicky again but its more complicated now because were looking at insolvency again. Nicky has one thousand employees and up to ten thousand frustrated passengers with worthless tickets the austrian government is considering offering the airline a bridging loan. I think we should tell parents what we need to work out how that will look exactly and what it will really maimed. Aviation giant offered to buy nicky following abbott means insolvency has its plans with them blocked by the European Competition all celebrities the German Government has given abilene a bridging loan to the chain of one hundred fifty Million Euros and so if no new bija can be found for nicky gemma taxpayers could be hit hogs. And recapping our top story for you the European Central bank has again left Interest Rates at the historic low of zero percent the decision comes a day after the Us Federal Reserve raised rates for the third time this year i think it was a long lasting business with. More intrigue International Talk show journalists discuss the topic of the week because Donald Trumps decision to recognize resume as israels capital a diplomatic disaster or good job along dormant Peace Process back to life thats our topic on this week join us. Quadriga next on d. W. They make a commitment. They find solutions. They can stronger. Africa the. Stories of both people making a difference shaping their nation. And their continent. W. s new multimedia series for africa. Dot com africa on the move. Where i come from we had to fight for a free press and was born and raised in a military dictatorship with just one t. V. Shadow and a few newspapers with official information as attorneys i had walked off the streets of many qantas and their problems are always the same poor do social inequality a lack of the freedom of the press and corruption we got on the floor to stay silent when it comes to the fans of the humans and seem right to fold who have decided to put their trust in us. My name is jenny paris and i work a d w. Hello and welcome to quadriga donald trump stunned the world last week with yet another decision that brakes
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