We are here in london. Im guy johnson. Im francine lacqua. Happy new year to everyone. What are Angela Merkels contingency plans for grace . That is a question that is dominating the currency markets this morning and is sending the euro lower. Driving the news is a report over the weekend that says merkel could look at a greek exit. Lets go to hans nichols with the very latest. What are we to believe . We basically have three different lines from the German Government officials in germany on the report. The first is that saturday night line. That was a nondenial and ill saying they dont comment on speculative reports. Then, last night, we had the economy minister and Junior Coalition partner. He would know about internal planning inside the finance ministry. He said there were no contingency plans. This morning, we have a member of Angela Merkels party, the Party Chairman essentially, saying he cant imagine there being contingency planning. What we dont have is a firm denial that the g
Had planned a share sale. The business had been booming prior to todays fall. What happened today, the Securities Regulator suspending three of these top brokerages from adding margin on it and securities lending. So basically, they cannot borrow money to buy into what had been a huge rally. A lot of people have been borrowing on margin. Basically suspended from doing that three months. Another nine brokerages punished for various reasons as well. There is speculation as to why they did this. Did they want to cool down the rally . Or are they just trying to make sure theyre playing by the rules . The Securities Regulator in this statement right eight, when they announced punitive measures basically said that the firms let customers delay re repaying refinancing longer than they were supposed to. So we have a margin call on these companies to make a margin call, in effect. And these are companies that have been having problems before this rally as well. They had been more bullish as of
Captioned by the National Captioning Institute www. Ncicap. Org this is the journal live from dw in berlin. Heres whats coming up in the next hour. Click germany and france pledging a deeper union as they celebrate 50 years of friendship. Israel going to the polls expecting to see Benjamin Netanyahu reelected. Whats interesting a contentious talks on financial transactions. Instituting a tax on financial transactions. We start with a celebration of a key Strategic Alliance between europes two great economies, france and germany. They have been friends for 50 years. After centuries of conflict, they culminated in two world wars. Speaking at a News Conference in berlin, german chancellor Angela Merkel and french president Francois Hollande talking about that. They promised to unveil proposals in the coming months and it is a big step forward dr. Became to power pledging to reverse the plans that merkel had championed. It is the first time these bundestag has had a full parliament from an
So, Current Conditions 112. The expectations component 103. 3 in august versus the reuters consensus of 103, so a little bit broader. Ifo has no revisions to the july indices. Lets get a breakdown on this. On the phone from munich, an expert at the Ifo Institute, helped to compile this story. Doctor, good to speak to you. Its been a while. Thanks for joining us this morning. Whats the key takeaway from what this survey says about the state of the German Economy . The strongest increase at this month in the manufacturing industry, and here particularly in the investment good sector, so it looks like that the upturn gets more momentum. How strong would you describe that momentum . Well, we had made the forecast for this year 0. 6, and i think this is something we could reach, so investment is always somewhat lagging behind, and this is now a positive sign that Companies Start investing more. This suggests that the data weve had, broadly speaking, which is improved, is sustainable. Is thi
We start with a celebration of a key Strategic Alliance between europes two great economies, france and germany. They have been friends for 50 years. After centuries of conflict, they culminated in two world wars. Speaking at a News Conference in berlin, german chancellor Angela Merkel and french president Francois Hollande talking about that. They promised to unveil proposals in the coming months and it is a big step forward dr. Became to power pledging to reverse the plans that merkel had championed. It is the first time these bundestag has had a full parliament from another country here. The french president , hollande, recalled the original spirit leading to the historic relationship. Young people are not only our future but also the reason for the policies that we are pursuing. Young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. But peace and democracy. He also addressed the economic crisis in europe and chancello