Wants to install his own man at the bank that will oversee latin americas recovery from the pandemic but some nations are opposed to the moon. And the case of the gas power plant that wasnt built but the company was awarded billions of dollars nigeria goes to court to reverse that decision. Lebannon is bankrupt its been brought to its knees by the powerful Banking Industry and its ties to the political elite sometimes those ties have been indistinguishable over 2 decades money flowed from citizens to enrich bankers and as the currency crisis unfolded they extinguished any hopes of a recovery by blocking reforms and restricting access to money. Ordinary citizens cant get hold of their money and are limited to taking out just 200 dollars every 2 weeks and despite the controls in place to make sure money doesnt leave the country 6000000000 dollars has been smuggled out astonishingly its estimated some 29600000000. 00 could see part of the country this year while the International Monetary
Nationalist with. The future world war one. All knowledge is here. Hello im Darren Jordan this is counting the cost of aljazeera your look at the world of business economics this week corrupt and bankrupt powerful banking and political clowns have destroyed lebanons economy while people cant get access to their Bank Accounts billions have been moved out of the country. President trump wants to install his own man at the bank will oversee latin americas recovery from the pandemic but some nations are opposed to the move. And the case of the gas power plant that wasnt built but the company was awarded billions of dollars nigeria goes to court to reverse that decision. Lebanon is bankrupt its been brought to its knees by the powerful Banking Industry and its ties to the political elite sometimes those times have been indistinguishable over 2 decades money flowed from citizens to enrich bankers and as the currency crisis unfolded they extinguished any hopes of a recovery by blocking reform
Hello im down in jordan this is counting the cost on aljazeera your look at the world of business and economics this week corrupt. Banking and political clowns have destroyed lebanons economy people cant get access to their Bank Accounts billions have been moved out of the country. President trump wants to install his own man at the bank oversee latin americas recovery from the pandemic but some nations are opposed to the move. And the case of the gas power plant that wasnt built but the company was awarded billions of dollars nigeria goes to court to reverse that decision. Lebanon is bankrupt its been brought to its knees by the powerful Banking Industry and its ties to the political elite sometimes those times have been indistinguishable over 2 decades money flowed from citizens to enrich bankers and as the currency crisis unfolded they extinguished any hopes of a recovery by blocking reforms and restricting access to money ordinary citizens cant get hold of their money and are limit
Talking a lot about throughout the rest of the hour is what is happening with wirecard. Was lower yesterday and today down another 20 . We will get the details in a moment. We also have a wellknown face in the united kingdom, david the ceo, we will talk to him about what is happening with the refugee policy in the United States and around the world. We will see a significant report on the crushing defeat delivered to the British Labour party at the last election. We will get davids take on the prospects for his party and where it goes next. Certainly, it has been something that we have been spending a lot of time over the last couple of days talking about and that is wirecard. Alix one of the biggest stories of the morning. The latest headline, a lawsuit against wirecard and the former ceo, marcus brown. Lets dig deeper into the issues surrounding wirecard with scarlet fu. Can you talk us through where this started . Either missing or does not exist. That is the big question. It does l
Lagarde,at, christine madame gore gave a of the International Monetary fund, and your conversation with Andrew Bailey. Francine if you distill what we are trying to do, there are three main questions what kind of recovery and recession will be get, the inflationary versus deflationary debate, and the economic scarring. We will try to do that with the bank of england and the imf, touching on what countries may need support in the future. Christine lagarde also extremely interesting because it will be the first time we hear from her since the German Court Decision so we will hear from her about the legality or not about what they did. Tom the complexities of this German Court Decision, George Saravelos out with a blistering note, wondering even if the ecb will respond to the german court. We respond to our first word news. U. S. And china trade negotiators will speak as soon as next week to try to make progress in implementing a phase one deal, President Trump threatening to terminate th