1 can one man reverse of country wiis financial decline . He has stepped up to the plate and says he is the man to tackle the economic woes plaguing his country. He is poised to become italys third consecutive unelected Prime Minister. The 39yearold mayor of florence has his work cut out for him. Rising unemployment and a government mired in bureaucracy. Until recently few people outside italy would have recognized matteo renzi. Now he is on course to become the next Prime Minister and to put an end highlevel corruption. In this difficult situation, i will employ all of my energy to reform italy. Previously the mayor of florence, renzi became the leader of the centerleft Democratic Party in december. At the time, he ruled out unseating the Prime Minister, but on thursday he did just that when he put forward the motion for new government. Critics say the 39yearold does not have enough experience and will soon run out of steam. His ambitious plans include influencing electoral reforms by
Concerned. German september ifo, 100. 7. The current condition is 111. 4. The expectation is 104. 2. So not quite as a small jump in ifo. And they said the august Business Climate was revised to 107. 6. So not quite as big a jump as we might have expected. Lets get Immediate Reaction to that. Miles bradshaw is Portfolio Manager at pimco and joins us right now. Miles, a small bones in ifo. Whats your assessment of what that means and of the German Economy . I think it underwrites the other data that suggests the european economy is slowly recovering. Germany is leading the charge. You know, the ifo on has been stronger, the pmis have been stronger. But its a subdued recovery and its a recovery that isnt going to cause the ecb to be tightening policy anytime soon. Whats more important in terms of the ifo is the expectations data in terms of having an assessment about where gdp is going to be going forward. I think that was a bit more than expected. But i think the key theme is its a very
In arctic. And in germany, coalitions going neck and neck two days before election. And we have all your sports. The plan who runs european football gives his official backing to winter cup in qatar. United nations inspectors say the Syrian Government has handed over details of its chemical weapons stock pile. They say this is the first time theyve seen any cooperation from damascus, and theyre expecting to get more information in coming days. Letlets go to the united natis in new york. Where does this put the diplomatic efforts. It appears that the Syrian Government is making good on its promise to disarm and dismantle its chemical weapons program, at least the first stage of this promise, while the International Community has yet to live up to its end of the bargain. This is just a partial list, and more disclosures are expected in order to get every up to par and live up to these obligations. But it is seen widely as a positive first step. Meanwhile, the organization for the prohibi
Welcome to todays Worldwide Exchange. Im ross westgate. These are your headlines today from around the world. Shinzo abe is unveiling the countrys biggest stimulus since the financial crisis. A cold snap helps push up Consumer Prices to a sevenmonth high in december. Tech stocks are higher in europe led by nokia and s. A. P. After the stocks are expected to surpass the longterm target. Stocks in the u. S. Surprise the street by preannouncing earnings and unveiling its biggest corporate overall in a decade by cutting 4,500 jobs. Jay youre watching Worldwide Exchange, bringing you Business News from around the globe. Welcome to the last Worldwide Exchange of the week. Plenty to get through today. Kenny will be joaning us for the second half of the show today. She decided she cant miss out on any more. Also coming up on todays show, wells fargo, the first u. S. Bank to report Fourth Quarter numbers, well have indepth analysis from 1130 cet. Shinzo abe launches the biggest stimulus package
Hello and welcome to the journal coming to live on dw in berlin. Another fiscal deadline set to expire in washington as president obama urges republicans and democrats to compromise. The shocking plight of young syrian women. And leave our wall alone protests as realestate developers remove part of the berlin wall. The United States is facing another fiscal crisis automatic spending cuts totaling 85 billion are due to go into effect if the white house and congress do not reach an agreement to reduce the deficit. It probably sounds familiar from the beginning of the year when republicans and democrats battled their way to the brink of the fiscal cliff. Now the language is not quite as dramatic. The sequester is the buzz word this time. But it could still spell big trouble for the u. S. Economy and knock on effects for the whole world. Alabama the clock is ticking. If no deal is struck, president obama will order the cuts known in washington jargon as the sequestered at the stroke of mid