Im a mother like two billion other mothers around the world i have one wish the best for my child. Best in this is something seen in which breastfeeding is often frowned upon and gods will for me to abound with profits is more important than my babies will be how do i know how to make the right decision as to busy listening to you know all these entertaining blogs or the pediatrician or the country im trying to help. Mail starting december ninth on d w. As the euro group takes a new president the eurozone economy is going from strength to strength but the European Central bank warns of complacency saying there are still pitfalls along the way. Also coming up in israels economy isnt top says well president Nicolas Maduro is new cryptocurrency bring a solution. With the story about the bull in the china shop but have you heard the one about the robots in the glass factory. All that and more coming up in business as welcome as one of the most influence. Jobs in International Finance president of the socalled euro group that is the group of finance ministers of all eurozone countries today the group will pick the replacement of its outgoing chief jeroen deisel the euro group as a crucial instrument during the tumultuous years of the eurozone debt crisis some years it seems the eurozone was doomed and with it its cards but recent data shows thats life in the old dog yet. Years of recession on three bailouts if there was ever a poster child for europes economic crisis it was crease but now the countrys fortunes appear to be turning around growth is returning cunt borrowing costs to fall in. Southern european nations spain and portugal are also showing signs of recovery dr especially good news for the e. U. Single currency since january of this years the euro has risen to around fifteen percent against the dollar landing most recently iran to dollar nineteen so is it all rosy not quite says the European Central bank while things are improving economic with remain italys fragile Banking Sector is a big concern and public debt in the country is high should europes Third Largest economy find itself on shaky ground and the euro would be likely to suffer too. So for the latest on the euro lets cross over to calmer bosun in frankfurt current first. Markets really holding their breath for this decision who will be the successor of. You know its a very influential position and holding their breath might be a bit exaggerated but its important to see who will become the next euro group chief the role of this politician is a moderating role in this convergence process of the Currency Union you know this process of coming closer and closer together in terms of economic and fiscal policy so of course it plays a role whether the new chief of the euro group comes from slovakia or from luxembourg or from portugal or from slovakia all those finance minister the four of them are said to potentially become are to make the race to become the new euro group chief. The euros come up as some pressure today whats the problem there. But really a problem the Euro Weakness is really a Dollar Strength after the republicans in the u. S. Senate managed to pass this tax bill on saturday markets worldwide have opened this week on a very upbeat tone investors hope that those tax cuts will eventually give the u. S. Economy a boost and that drives the u. S. Dollar upwards nobody at the moment is concerned about the potential increase of the u. S. Budget deficit its calculated to be about one trillion u. S. Dollars over the next decade on models in frankfurt thank you. Now if you miss out on the bitcoin boom last week and still have some appetite for risk left in you well youll soon be able to invest in the petro as venezuelas very own crypto currency the background the venezuelan currency has plummeted by more than ninety five percent against the dollar on the black market over the past year so this is a desperate attempt by president maduro to prevent the countrys total economic breakdown different from other currencies the petro is to be backed by venezuelas immense oil and gas reserves. In the fight against his countrys economic crisis president maduro is running out of options the state is on the verge of bankruptcy. Unlike bitcoin the petro will be backed by a physical asset oneill venezuelas reserves are the largest in the world but the need to squeeze more money out of them has led to the surprising idea. Madeira says the cryptocurrency will help the nation. But i want to run around this monetary sovereignty to make financial transactions. To overcome the financial block aint been fairly ok or free and fair go. The socalled financial blockade is comprised of u. S. Sanctions and restrictions against venezuela they were imposed after majoritys increasingly brutal treatment towards his own people the value of the Paper Currency the bolivar has plummeted venezuelans are suffering under hyper inflation of one thousand four hundred percent the economy of the once prosperous country has taken a nosedive imported food and medicine is running out majority cryptocurrency is now a sign the country is to some extent moving away from banks and regulation in a desperate attempt to stay afloat. Countrys finances arent taxes just invent a Virtual Currency and presto problems all doesnt work lets talk long is a professor of latin American Relations at war a university in the u. K. Is it that easy will it fix any of the real problems thank you very much for having me the short answer to that is no it will not fix any of the real problems i think is your reporter said this is a question of desperation and as of as you said anyone who is investing heavily in this would be taking on an incredible amount of risk this would be even a swell was third currency in about a decade the value of its previous currencies has been dramatically undermined as the government has has expanded the supply of the money supply leading to hyperinflation and ultimately this is a question of deep underlying structural economic problems and very poor Economic Policy so what will it then what will be the effect what can this new currency achieve and what will it do to the real economy. Well i think its affects are probably going to be pretty limited right now we dont have a lot of details about exactly how the venezuelan government imagined this currency other than the idea that it would be backed with venezuelas Natural Resources that sounds like its something novel and certainly compared to bit korea and its novel but in a sense venezuelas currency is always backed by its Natural Resources and a lot of its debt is explicitly backed by resources so to a large extent those resources are already committed elsewhere i suspect theres a hope that this would help venezuela get around some of the u. S. Sanctions of course dealing in u. S. Dollars means that venezuela is subject to restrictions that are imposed on global banks particularly u. S. Banks and that does limit venezuelas freedom of maneuver but this would require those banks and other investors to really take a leap of faith that venezuela is going to stand behind this crypto currency in a way that it has not stood behind the solidity of its of its normal currency. For at that time long from more university thank you very much everyone knows and loves also d. To the little robot out of star wars its ok to have robots in a galaxy far away boss here on a daily lymes well its happening and fast. Fragile products like these require a delicate touch his Company Makes a Laboratory Glassware the newest employee goes by the name of it you five he doesnt take holidays and is never sick and costs as much as a human employee earns in a year company boss will but hoffman says he invested in a robot because he couldnt find the right people to perform the repetitive tasks. Or blame the problem was i had assistants and temporary workers who didnt have a real connection to the company so we had an issue with their work ethic and the quality of their work. Or are. Quite right. Robots on the other hand can work nonstop when it comes to mass production and this generation of machines can also collaborate with humans employees are often close at hand. In the past skilled workers ended up having to perform menial tasks to make sure all those were completed on time now robots can do these jobs but actually producing a Laboratory Glassware requires a lot of experience and a human touch. But now the new one that i dont think that our jobs can be replaced by robots because we have to respond to problems when they arise robots wouldnt be able to do that. And with money they are younger looking for. The concept for these metal coworkers or co bots comes from denmark theyre intended to be simple and easy to use the supplier universal robots began life as a startup over the last two years it has seen its turnover double to one hundred thirty Million Euros the companys founder is convinced that using robots increases overall productivity and that this will help keep payroll costs down in the industrial world. When we start automating more we see that the percentage of machine time compared to the percentage of manual labor increases which means we can stop reshowing manufacturing we are evening out the Playing Field were making it cost the same to manufacture all over the world and in the end it benefits the countries with a high salary level. And thats it for me in the business yeah and ill have an update for you in the next hour before you go it is a real time check on Global Markets at this hour thanks very much for watching. 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