moved in as chairman but i know it has kept him on while he fights the allegations . for more on the story let s bring in our financial correspondent only bartz in frankfurt the formerly very powerful car has gone says innocent people where you are believe them. i think there are a lot of people who think that these allegations suit the personality and the role of goan some say they weren t surprised when they heard it and even heard a person saying well he had so much power it s good that that era is over and for no and the alliance but you know there are also others that i ve talked to who say that this comes at a curious and coincidental time but a very critical time for the alliance with friends having pushed for more control in this alliance and japan pushing against more control and people say it s curious that just at this juncture in time these allegations should surface and he should
deficit of two point four percent of g.d.p. and that is well above the guidance. so let s turn to frankfurt now where my colleague bartz is standing by in the markets i believe continued to be jittery over worries about the italian budget really why the nervousness there and in the e.u. of course. yes because the policies that the italian government is aiming out already raising the cost of boring for the italian government and since the government has come into office and started talking about these populist policies aimed to please their voters the cost of boring for italy has skyrocketed now it s nowhere near the levels it was when we had the euro sovereign debt crisis in the year two thousand and twelve when the euro zone was seriously in danger and the e.c.b. had to step in with a promise to do everything to preserve the euro but people are becoming worried
details. but first i got michael is in frankfurt today trying to boost the german financial capitals chances of taking over from london as europe s banking center christophe where she s making a convincing pitch well we ll hear about that in just a minute now the german chancellor certainly makes personal appearances in frankfurt but just to finance what berlin is to politics but she made her way there today to support the city s bid to take over from london as they used to financial center when britain leaves the european union next year and that it chancellor underscored the importance of frankfurt s financial sector for germany s export dependent economy frankfurt is vying with paris and dublin to attract banks leaving london after breakfast so they can continue to do business within the european union. now for more let s bring in our financial correspondent only bartz in frankfurt only just finished finished first speech minutes ago you listen to him
trade secretary. said he would like to reach a trade agreement with china soon and the president s economic adviser larry kudlow questioned whether the just recently announced tariffs on imports from china would ever take effect. now stock markets in the united states and asia posted gains on the news only bartz in frankfurt for us investors in europe seem to be confident that a trade war may be called off after all right. yes more confident as the day wears on the dax going up and up and gaining over two percent now and all the major shares in the dax are gaining and it s practically the same picture across europe if you look at the euro stocks fifty and you know yesterday in the days before people went into safe havens like gold for example gold is going down now also seen as being less necessary to hedge your bets there and oil which suffered from
being developed the bard s medical school here in watertown and started the start of the course. of course this year medical students training on the island and with bartz and the hospitals are running but one of the nominees available in the world that actually run the hospital before well this was you see this was a public tender it was a public quest for proposals there were a number of companies who applied and the educating board eventually chose one that had no track record in this field at all well it s all just no way should as partners health care international who run the boston hospital as who are some of what this actual company vitals another run a hospital the vitals itself not my knowledge now that but there are you choosing this for this culture this is usually valuable contract well again two billion euros over the years isn t something that a minister decides there s an educated board which sees all day performances and