Draghi be remembered as a hero the head of the European Central bank is said to hold his last meeting before heading over the reins several members of his governing council have publicly criticized his latest measures one top official even resigning over druggies new open ended bond buying scheme which is saying that stabilizing the euro zone. The italian economist has been at the helm of the e. C. B. For 8 years now and they couldnt have been more turbulent. By 2010 and the financial crisis that 1st struck in the us was spreading its contagion to europe economies banks entire nation seemed to be teetering on the edge when the euro came under massive pressure mario druggies comments about what he would do to save it made history. Whatever it takes he said. And it would take a lot by buying up sovereign bonds issued by deeply indebted Member States he allowed them to avoid going bankrupt the e. C. B. Has so far spent nearly 2. 6 trillion euros on them at the same time borrowing money grew cheaper than ever before to boost Economic Activity the e. C. B. Cut its key lending rate to 0 and has kept it there for years those measures have led some to proclaim druggy the savior of the euro zones common currency others hate the policies knock on effects theyve changed the ground rules considerably people who save are no longer rewarded for it and property and stock prices have bloomed so did mario druggies cheap money policy work the economies in European Countries once in serious crisis seem to finally be recovering somewhat but the situation is still far from stable. Alexander equivalencies head of macro economics at the institute of u. Berlin whats your take on drug has he managed to stabilize the eurozone well believe the e. C. B. Va va stellar record he will be remembered for 2 programs the 1st program the outright Monetary Transaction Program he famously initiated by saying he will do whatever it takes to save the eurozone this prevented a deep recession in the eurozone and trying to trial cost by exit expectations in the 1000 Member States the 2nd program he will be remembered for is the Quantitative Easing Program from 2015 this question to you at the 2 a Stable Economic Development over the last years what about the last part of that program his last shot that hes fired off saying indefinite open ended bond by i mean thats shocked a lot of people well it was shocking but i dont think he had much choice at this point and really you know why well i mean hes hes facing the un we are facing a. A recession and then the very moment he would stop buying government bonds to decrease heels at the lower end of the deal curve but. The recession would be dare and he would not have to choice to lower Interest Rates further so i think i was a good thing to do i mean a lot of the times these these policy makers are using words and theyre very good at it and it assures a lot of people and Financial Markets indefinite what does that mean i mean is it just something he can throw into the mix before heading off to save the euro or does it have to be well in a sense has the same meaning as what he did with the ultimate Monetary Policy exact transaction programs that i will do whatever it takes to save the eurozone and you Better Believe that i do because i have the power to do it so its just words but at the end of the day. His successor could step back and say no were not going to do that or it def it up indefinite up to this point in time when up and to do it anyway of course he could do that but i dont think she will you reckon that christine the gods going to keep us championing druggies dramatic ways yeah she will do that because i think he has now she has no much of a choice what will that do to the yours or because a lot of people say its going to put the yours in the bad position yes i agree with that statement but that is because fiscal policy is not stepping in right now so to be at the 0 up on for such a long time is a danger for the eurozone and i read of that so it would be up for fiscal policy now to step up and do something and do stimulus to the euro area to move away from the 0 bound to more actions yes and not just words well i mean worth a very good thing managing expectations up with lee as we have seen in 2012 but more actions especially in germany would be helpful alexander thank you very much for coming in and good to talk to you. Well some reprieve today for boeing stock its faulty macs series may return to service by the end of the year its helping make up for weaker than expected quarterly profits of course its no reprieve from relatives of the victims of its twin disasters. Families of the victims of the lion air disaster traveled to jakarta they were among the 1st to be told why the boeing 737 months went down last october killing all 189. 00 people on board. Indonesian investigators told them the aircraft type included design flaws in its m cas anti stall system and that incorrect sensor data of course the system to fly the aircraft into the ground details the victims relatives struggle to grasp. The result is out but what happened has happened we just accept but whether im satisfied with the report no im not satisfied. Because it feels like theyre bullying Common People like us who dont understand. The complete report on the crash will be published on thursday its expected to reveal a further catalogue of deficiencies surrounding the new m cast system the u. S. Plane maker is still struggling to cope with events he recently emerged at the companys chief technical pilot had long ago complained about out of control software during 737 max simulated testing boeing only forwarded his comments last thursday in another development the company on tuesday ousted the chief of its crucial commercial Airplanes DivisionKevin Mccallister and the aircraft itself is still grounded worldwide thats causing airlines around 100000. 00 per aircraft per day in losses money they want back from boeing. In a crash combined with the loss of an Ethiopian Airlines 737 months which also killed everyone on board make this the worst crisis in the companys history its effects will reverberate throughout the industry through your. Quarterly numbers for comic a good deal rosier than last quarter over learnings are up 8 percent of the same period last year has been a sharp rise in sales of the companys miss a brand has helped the effects of problems with its models even the high costs stemming from fines of recalls back the deal scandal have made many dents in the Balance Sheets nonetheless douglas says cost cutting remains high on the agenda. Lets talk about that with Josie Delaney oh frankford financial correspondent shows you 1st of all is done the back on track i think were going to need to see how the rest of the year plays out for a time where that this is definitely showing that theyre able to manage some of these global headwinds that theyre facing things like trade tensions that you can all make slowdown they seem to be able to handle that in this quarter and its coming off of really a tough year for a time where in the 2nd quarter they posted one of their 1st quarterly losses and decade fave warned several times this year that profits are going to be lower than what they expected so there was a lot of investor concert coming into this and what theyre saying is that especially there are very important car business is holding up pretty well the van business is doing ok i think thats all going to be a relief to investors and here in frankfurt we see the stock up about 2 percent and premarket trading ok stocks up things are holding up all that bad but while the cost cutting. Well i think this is sort of a very long term. Consideration for for time warner so theyve said a couple times this year that we really need to be thinking about the next couple of years and there are really 2 fundamental changes that are coming for all automakers here in europe the 1st is going to be the 20202021 emission changes in the new thats the speed very expensive for all automakers so they need to put some money away for to deal with that and at the same time theyre also dealing with this shift into electric vehicles which is pouring a lot of money into at this point so they have these big financial projects that they need to be thinking about and they also continue to deal with the fallout of the emissions scandals they just had a 1000000000. 00 a 1000000000. 00 euro fine last month here in europe so if they do have these very large significant Financial Investments to be making. Fiery barricades clashes with riot police tens of thousands of protesters swarmed chiles capital on wednesday they want better Education Health care and wages in one of latin americas wealthiest but most unequal nations. Julians are facing the consequences of the ongoing protests and their every day lives santiago the capital city is already short on gas. You know theres only one type of gasoline that makes it more complicated and i hope the situation will improve in the next few days. But though its own money clearly supermarkets are crowded forcing customers to wait in line just to get in and. Basic products are being rationed amidst the uncertainty. This is a look at this we are stocking up on goods because we dont know whats going to happen every day rather. Things Getting Better the system is getting worse we have to stock up because maybe things will go back to normal but we dont know we dont know because we dont have an answer from the government every day the president speaks but it doesnt say anything to get into nottingham half of the. New reforms announced by president included guaranteed minimum wage and fairer electricity costs but theyve fallen short of protesters expectations. Of all if they dont think they might make ok when the subway was burnt because well that everything has to be burned everything has to be hard to do many may not agree with the way were doing this but weve been marching for years and all the regions throughout chile and nobody listened to us no no no no no i thought you know because i. State workers have started a 2 day general strike from wednesday as further protests continue to rock suggest 10 pm yet as government his response doesnt seem to be anywhere near bringing the country streets back to calm. Nice doing business with. After the fall of the berlin. The night. Welcome to arts and culture this time with the highlight of the da vinci year a blockbuster exhibition on the florentine master that only the louvre in paris could pull together look at the lowdown on their efforts and also coming up. He said he would be and the terminator is back the unstoppable Arnold Schwarzenegger embodies a reformed and retired killing machine in terminator dark fate. And faking his way through the impressive repertoire of the e. U. 28 my colleague shows us the ingenuity behind hungary and potato pride. Well may 2nd 2900 marked 500 years since the death of Leonardo Da Vinci and the italian renaissance master who spent the last 3 years of his life in the french war valley as 1st painter engineer and architect to the french king well this is why the louvre holds almost a 3rd of the paintings attributed to him including of course the famous mona lisa and its pulled out all the stops to get as many more on site as possible for this exhibition a task almost as more new mental as devon shes genius. The mona lisa is still the star of the louvre but on the 500th anniversary of the old masters death she is getting a lot of competition from a separate stephen