This way. It is all about implementation. We expect greece to deliver results in the next coming days. This will mean legislation passed in the Greek Parliament to show that the will to the reform is really there. And of course there are a lot of discussions needed in the parliaments of many member states, including estonia. If greece shows good will, i believe this is doable. Nejra one of the big issues through the discussions was trust. Do you trust greeks to implement what they say they will . It is clear that trust has been lost and i can also put it this way, we can slowly rebuild it. It doesnt grow very fast. Today was a step in the right direction. Nejra i understand that this fund has been set up and part of it will go toward recapitalizing greek banks. Talk to me about what else, if anything, is going to be done in the coming days and weeks. I think the liquidity issues are up to ecb to explain. This is not something i can comment. In terms of recapitalization, we see the bank
Use by executive land holding agencies. In your opinion do you believe that gsa has done everything in its power to give life to the directives embodied in section 6409 which you referenced in your testimony of middle class tax relief act . Have they done everything they can . Mr. Chairman, i do not believe they have. As a matter of fact, im a former administrator myself of the federal agency and if i had implemented something too poorly that congress instructed me to do id be embarrassed. Theres an executive order by the president of the United States correcting gsa to move faster to get these contracts together and to date nothing has been done. Three years after Congress Enact this legislation, progress has been slow gsa hasnt been proactive. Proactive. I think our members are having to negotiate for each and every site individually just as they have in the past. Gsa has not implemented the intent of congress and we cant wait three more years for whats needed i think today. Theres a
It is just 6 00 a. M. In london. Guy Commodity Prices and what has been happening to the rba. Dropping a critical line. It is focused on commodity adjustment and how it is feeding back into the aussie. Anna just a few months ago, the rba talked about needing further adjustments. The currency is down by 35 . Now, we are seeing a little bit of adjusting. Guy this is the aussie dollar versus the dollar. You can see a nice little spike happening here. A little bit of context is required. Let me show you some different time frames. This is the one year. To give you a sense of the declined we have been seeing. And the fiveyear. Anna it is a hurdle for any kind of further rate cuts. Lets talk about this in a little bit more detail. The bank of australia has cut the key interest rates. Bloomberg juliet is standing by with an update in hong kong. Tell us the latest. Juliet a nice surprise today from rba. Rates are on hold. Where carefully watching the language in the upcoming statements. Bloomb
Now. And welcome to power lunch. Im milissa lee. Holding steady this hour, dow managed to hit another record high right at the open before pulling back here. Apple one of the biggest drags in the session this after the company acknowledged cellular connectivity problem with its new watch annadarko, a massive buy back and fifth straight day of gains and near session highs on pace for a fifth positive day in six we begin here with a developing story. President trump announcing new sanctions on north korea eamon javers has the latest. Hi milissa. Alongside south koreas president moon at an event in new york city. The president saying, first, the United States had put new sanctions on north korea and also that the chinese president had told chinese central bank, told banks in china not to do business with north korean entities indicating the chinese are getting serious about exactly what he wants them to do in terms of north korean trade what the president had to say thanking chinese presi
But his military says fighting is continuing. The uns Refugee Agency is out in bangladesh to speed up vetting of around fifteen thousand to hinge a refugee said to be stranded near the border with me and all the agency wants the people moved further inland to safer and better conditions and those the latest headlines on aljazeera in five stories next but by. The Iraqi Government to seize control of the disputed all rich city of kut cook and Kurdish Forces have retreated from other major contested areas in the north so how will this affect the kurds push to secede from baghdad this is inside story. Hello again im james pays its a battle for power so from tea and oil and baghdad says it sent its strongest message so far so the kurdish leadership taking just a day to take charge of kurds cook and the all fields around the city last month voters in iraqs kurdish region as well as some disputed areas overwhelmingly opted to secede but baghdad as well as neighbors iran and turkey how fiercel