German soccer made it back to the top. In our web special w dot com. Football made in germany. G. W. True diversity. Where the world of science is at home in many languages. On top of programming go on there is a. Show and i thought our innovations magazine for in asia. Every week and always looking to the future on t w dot com science and research for asia. At. Confidence all just complacent the European Central bank sank its controversial monetary policies are working. Eurozone economy is forging ahead. Also on the show traveling along the new silk road how the greek port of pier ayers is drawing a billion dollar investment from china. Is the business but first the bankruptcy of bellin left as the last line standing in germany prompting fears of rising ticket prices rightly so says the German Competition Authority the cartel watchdog has analyzed prices for all of loved ones as booking classes and concluded they were unduly raised up to thirty percent says it was merely the allens algorithm that came up with these prices the Competition Authority said it does not buy that excuse possibly opening the door for punitive fines and even cost them a lawsuit against lufthansa. Is using its newly obtained position bring in only bards our financial correspondent whos standing by in frankfurt really is it abusing a monopoly already. Well yes and no if you look at the argument of cost for the c. E. O. That its the algorithms that sounds like a real he childish argument im amazed to hear that from a man like that of course you can program your software so that it complies with the law and with regulation and love tons of can do that at the snap of a finger if it wants to do so but of course its using this situation now where its the last airline standing and were is where that there isnt the other offer from the other airline or other airlines to fill the slots for german customers and flying within germany and to european destinations but he does have an argument cost for and that there is that loss of supply air berlin had one hundred forty planes ninety are grounded yes there isnt enough supply and lufthansa supplying what there is at a higher price. Really competitions towards the end customer complaints side of the house done very well this year hasnt it. Thats right its a really stellar year for loved ones its a record year the profit is as high as it has never been before and nobody saw that coming the airline has reached a deal with its pilots age old. Retirement plans and compensation packages theyre basically out the window and that paves the way for lufthansa become more competitive and to earn more money in this very stiff competitive area that its flying in and also of course with air berlin its a lucky situation here at the end of the year the old price has been Holding Steady and the share price is reflecting that its gone up hold on to your had a whopping one hundred fifty percent this year one and a half times what it was at the beginning of the year nobody saw that coming but substantial only the euro and that you mentioned the oil pries have gone up in the past few weeks when the oil in fact has been on the rise since this summer how important is that full of tons in the coming year. They are both important the euro needed neednt be a disadvantage of tons of could buy supplies planes for example in dollars cheaper oil could become a problem if it goes up further jet fuel the biggest expense and the church on the operational level. In france for that thank you very much now the e. U. Economy is alive and well the European Central bank says in its Year End Report business in the eurozone has been growing for four and a half years creating seven million jobs the easy things its Monetary Policy of Interest Rates near zero percent and an extensive Bond Buying Program has helped the e. U. Recover from the two thousand and eight financial crisis and is now helping with the expansion of the eurozone economy. Because central bank does not anticipate that change in policy any time soon. So no surprise there then but how long can or will the e. C. B. Stick to its guns are not joined in the studio by professor Ansgar Becker and that he agree is the e. C. B. Monetary policy working at first glance this seems to be the case if you look at growth rates at consumption investment but just stimulate it may be about international factors as well so the main target is not hit by the central bank look at Inflation Expectations but very low still at about one Percentage Points if you look at core inflation that is information about Energy Prices food prices and some forecasts are saying and even easybeats own forecasts are saying that even in three years we will not arrive at the nearly two percent so to that extent its not successful if you look at the risk spreads of italy for instance after the one purchases started they went up again very shortly afterward so its not successful over the oran and you know average savers are being punished as well especially in germany a country of of savers it is the z. B. Policy mainly prog proffering companies and the stock market infected does but maybe at the benefit also for labor in germany the counterfactual is of course difficult to define what would have happened if these a b. Would have not intervened in principle you are right the huge degree of redistribution. Where do you see Monetary Policy going in twenty eighteen is the easy on a stick to his guns if i trust mario draghi and. Its dicto Minutes Press conferences i would say Interest Rates will be lower till two thousand one thousand because simply we are out a different Business Cycle stance than the us and also there will be no exit from the bond purchases there will be lowered from january to so. Temba next year to only thirty billions then they will repurchase all the income from for the major bombs and will invest them again so the Balance Sheets will be larger and larger in the next years if you look at your crystal ball across the rest of the world where do you see other Interest Rates at the moment Monetary Policy in the us for example in japan going in general its striking that all the Interest Rates are long term Interest Rates went down in parallel the last twenty five years and so in the next years i also expect from dictating the fed interest say it decreases again so this will be only a short upturn in terms of the exit but i dont see longer term Interest Rate hikes in the u. S. So everythings going to roughly stay as it is i think so. Thank you very much for this update now all this week we are taking a look at the new silk road chinas attempt to revive a thousand year old trade route by investing hundreds of billions of dollars in ports well as roads and bridges across asia africa and europe and today were in greece at the port of pier reyes last year chinas state owned shipping and Logistics Firm costco spent more than two hundred eighty Million Euros to secure a majority stake in the port company that theyre due to poor another three hundred fifty million into Port Infrastructure in the next decade for the greeks encouraging Chinese Investment has paid off Large TelecommunicationsCompanies Like that t. And who are why from china or Hewlett Packard from the us are using pyrrhus as a hub for their goods to and to europe the Traffic Volume has increased twenty percent compared to last. This is the port of parade yes since shipping giant costco took over the port has been an operation twenty four hours a day freight volumes are four times what they used to be and one of the two container piers is being extended costcos plan to turn pariahs into a gateway to europe is well underway its local executives are upbeat so far paramus is the only large private sector project making headway in greece by it is will be the first time at that on an up. And very big disabuse us and the this myth that out and we hope to be all short of this the sense that this if you think of us from buy up but. Companies like sony and Hewlett Packard chip their products from paramus to Eastern Europe costco has invested up a billion euros in the container terminal. The Passenger Terminal is next on the agenda already the largest in europe its going to get even bigger along with a massive facelift. Old warehouses are also being converted. Out of that to get these to develop four and five star hotels that we did not have maybe you know you can see by getting and to provide good he said he said he sees we thought there i muse meant baryons areas like restaurant cafeterias costco also wants to attract Cruise Ship Passengers primarily from china and paramus would be more than just a flying visit costco wants it to become home base for the luxury liners big plans but the unions are skeptical they fear costco is farming out contracts to subcontractors and working conditions will be undermined in a few me off the wall the its an important question is that and if necessary well go on strike yet we want a collective agreement and long term. Secure jobs thats what we demand from costco and also from our government. As part of the deal with the greek government costco has to invest three hundred fifty Million Euros in paramus harbor over the next ten years its hoped the district around the harbor will also benefit. It would be good if the tourists were in the habit. Just wanted to see the acropolis. Even greeks would come here more often. I hope that pass on the passing years. Develop. More people. To the hard work to give life again. And thats it from me in the Business Team here in berlin wall news on the w. The top of the hour thank you very much for watching. Enjoy the conflict zone confronting the powerful. This recall green zone is in warsaw where the polish government is facing mounting criticism from the e. U. Over its record on democracy and human rights my guest is the deputy Prime Minister matteo. This is government ready to address the concerns voiced by brussels for continue rejecting them out of a final few news on g. W. Will. Meet young entrepreneurs eager to tackle global challenges in our series founders valley in this episode for india Global Climate change his current all too tangible not is looking for new concepts christina both Business Models it is an odd interest to grow differently and thats where all the religions of the world goes the last part of our series founders rally in sixty minutes on d w. Make your smart t. V. Even smarter. D. W. For small. But you watch it up today extraordinary. To decide what some find out more. Dot com smart. Freedom of expression. Of value that ways has to be defended and new. All over the world. Are to a Freedom Freedom of art. A multimedia project about artists and their right to express their views freely. D w dot com to freedom. This week conflict zone is in warsaw where the polish government is facing mounting criticism from the e. U. Over its record on democracy and human rights my guest is the deputy Prime Minister