The cultural magazine of. Our twenty one on g. W. Who may have been fighting for the place take you seriously in the world of work heres whats come out women strong on tumblr you. Know Superheroes Movement smart talks smart state the legend frank recently dangerous time for w. Me for my. To move. On to. The European Central bank scales back its crisis measured ten years since the global downturn but the outlook is teds we must be easy being or if they seem to be good whatever it takes. A Tougher Central Bank trying to save the lira by sharply raising Interest Rates and. Bacteria sweeps through italian all of the groves threatening the industry but a solution may be at hand. And been fizzle and lets do business the outlook isnt rosy the e. C. B. Trimming its growth forecast today at the same time as winding back its economic stimulus still its been a decade since the Global Financial crisis hit and todays announcements were no surprise the e. C. B. Leaving its key Interest Rate untouche
to its regulators have also decided to ban all real estate business in foreign currencies all transactions will now be handled in lira. it s also another attempt of course to support the county which continue to tumble even after many to export liras with dollars like the president had told them to let s rope in craig our analyst in london along with our wisdom bowl correspondent dorian jones craig starting with you how much of a boost is that right rise given the lira. it s give me quite a boost so far i think for two reasons firstly is that the actual rate hike itself surpassed expectations by around two percent which is always going to be a good reason is that there was still i think a little bit of warre that the central bank would shoot what markets were expecting because of the pressure being put on the quit on its president so the fact that it s got a ball sends a strong signal to markets that it is still independent and it will still act in
a horrible recession and i think it all that we need to get investors on side and therefore the set up first up by the central bank is important fiscal sensibility also needs to ensure that that s the part that people are also extremely concerned about because the seems to be this side that you can spend spend spend your way out of problems and historically that doesn t appease investors and you do tend to see couple flights there the two most important things i think that we need to say one of which is currently being ticked right thanks for the import craig olam in london and dorian joins it it s down before us. a deadly bacteria is devastating italy s olive industry it s striking down trees extremely quickly and leaving fields unusable the area affected is the equivalent of a thousand football pitches but there s hope for farmers in the form of a resistant on the tree. when it infects the tree it causes with the rain which ultimately results in the trees death it was first discovere
which is currently being ticked right thanks for the import credo i m in london and dorian joins in istanbul for us. the eurozone outlook isn t rosy he s even turning its growth forecast at the same time is winding back its economic stimulus still it s been a decade since the global financial crisis hit and today s announcements with a surprise easy being leaving its key interest rate untouched at an all time low of zero percent and the council setting course for street to monitoring policy from october onwards the monthly purchases of government bonds are going to be cut in half to fifteen billion euros these purchases are executed to keep troubled european economies afloat. on a boost and joins us now from frankfurt our financial correspondent would you say the e.c.b. is on track is it doing the right thing despite the outlook and those trade tensions. i would say the european central bank is on track it s exactly doing
a move claiming high interest rates would worsen the country s economic problems turkish regulators have also decided to ban all real estate business in foreign currencies all transactions will now be handled in lira it s also another attempt of course to support the county which continue to tumble even after many to explore there is with dollars like the president had told them to let s rope in craig our analyst in london along with our wisdom bill correspondent dorian jones craig starting with you how much of a boost is that right rise given the lira. it s give me quite a boost so far i think for two reasons firstly is that the actual rate hike itself surpassed expectations by around two percent which is always going to be the reason is that there was still i think a little bit of warre that the central bank would shoot what markets were expecting because of the pressure being put on the quit on its president so the fact that