In the middle serbia vows to boost ties with russia while it also strives to become part of the e. U. It was all a lets do business will mario draghi be remembered as a hero the head of the European Central bank is said to hold his last meeting before handing over the reins several members of his governing council have publicly criticized his latest measures one top official even resigning over druggies new open ended bond buying scheme. The italian economist has been at the helm of the e. C. B. For 8 years now and they couldnt have been more turbulent. By 2010 the financial crisis that 1st struck in the us was spreading its contagion to europe economies banks entire nation seemed to be teetering on the edge when the euro came under massive pressure mario druggies comments about what he would do to save it made history the z. B. Is ready to do whatever it takes to preserve the euro. And it would take a lot by buying up sovereign bonds issued by deeply indebted Member States he allowed them to avoid going bankrupt the e. C. B. Has so far spent nearly 2. 6 trillion euros on them at the same time borrowing money grew cheaper than ever before to boost Economic Activity the e. C. B. Cut its key lending rate to 0 and has kept it there for years those measures have led some to proclaim druggy the savior of the euro zones common currency others hate the policies knock on effects theyve changed the ground rules considerably people who save are no longer rewarded for it and property and start prices have bloomed so did mario druggies cheap money policy work the economies in European Countries once in serious crisis seem to finally be recovering somewhat but the situation is still far from stable. Alexander equivalencies head of macro economics at the institute of you berlin whats your take on drug has he managed to stabilize the yours as well believe d. C. Be both a stellar record he will be remembered for 2 programs the 1st program the outright Monetary Transaction Program he famously initiated by saying he will do whatever it takes to save the eurozone this prevented a deep recession in the eurozone and trying to trial cost by exit expectations in this house on Member States the 2nd program he will be remembered for the Quantitative Easing Program from 2015 this contribution to to a Stable Economic Development over the last 2 years what about the last part of that program his last shot that hes fired off saying indefinite open ended bond buying i mean thats shocked a lot of people well it was shocking but i dont think he had much choice at this point and really you know why well i mean hes hes facing the u. F. O. Singer new recession and in the very moment he would stop buying government bonds to decrease heels at the lower end of the deal kirk but. He dare and he would not have the choice to lower Interest Rates further so i think i was a good thing to do i mean a lot of the times these these policymakers are using words and theyre very good at it and it assures a lot of people and Financial Markets indefinite what does that mean i mean is it just something he can throw into the mix before heading off to save the euro or does it happen to me well in a sense has the same meaning as what he did with the ultimate Monetary Policy exact transaction programs that i will do whatever it takes to save the eurozone and you Better Believe that i do because i have the power to do it so its just words but at the end of the day. His success could step back and say no were not going to do that or it def it up indefinite up to this point in time were not going to do it anyway of course you could do that but i dont know if you reckon that christine the gods going to keep chad being drug these dramatic ways yeah. Because i think drug has now she has no much of a choice what will that do to the yours or is a lot of people say its going to put the eurozone in a bad position yes i agree with that statement but that is because fiscal policy is not stepping in right now so the to be at 0 about for such a long time is a danger for the euro zone and i read of that so it would be up for fiscal policy now to step up and do something and do stimulus to the euro area to move away from the 0 abound so more actions yes and not just words well i mean worth a very good thing managing expectations up mostly as weve seen in 2012 but more actions especially in germany would be helpful i would send a thank you very much for coming in here to talk to. Quarterly numbers for comic a good deal rosier than last quarter overall earnings are up 8 percent of the same period last year has been shop rising sales of the companies who say he spends brands has helped ease the effects of teething problems with new models even the high costs stemming from fines and recalls off the back of the deal scandals have made debts in the Balance Sheets nonetheless styluses cost cutting remains high on the agenda. Lets bring in our financial correspondent chelsea to n. H. L. She is dime love back on track what you say. I think its a little early to declare victory here but its definitely a relief for investors today if you look at the stock price its up about 4 percent its helped drive the dax to a new record for the year so coming into this report there was a lot of concern about how how timely it was doing day and the 2nd quarter posted their 1st quarterly lost in a decade they did warn next several times this year that their profits were going to be lower than they expected and i think there was a lot of concern about that coming into this but what it showed is that sort of their underlying business their business of selling mercedes cars and vans is actually holding up pretty well despite all of these global challenges theyre seeing holding up pretty well and a bit employees are asking themselves why post something that. Holds i want to spend talking about cutting cost all year and what theyre really seeing is that there are a couple of long term fundamental changes in the business that are going to cost a lot of money for them so one of those is going to be that you emission standards which are going to really tighten up next year and thats going to be expensive for all carmakers theyre having to produce new vehicles that and lower pollution at the same time theyre also thinking about electric vehicles theyre putting a lot of money into that and thats been eating into their profitability but its sort of the future of the business for them so those are expensive projects that they need to be saving money for but theyre also still dealing with the fallout of emissions trading scandals so they just nearly 900000000000 or 900000000 euro fine so they still have all these problems we dont know exactly what the what the cost cutting measures are going to be the key things that executive is supposed to outline about next month at a meeting so were going to be looking for. Those well go to live regardless but those good profits thank you very much. Tesla has surprised the skeptics by posting a big income of 142000000. 00. As for its the quota shares left 17 percent of the american automaker still has its work cut out twice as much in the same quarter last year and vehicle sales are down. You know musk is still confident of reaching their annual sales target. Lawyers for foreman his son chairman carlos ghosn have requested that financial misconduct charges against him be dismissed in a court filing in tokyo they argued that the case against him is the product of unlawful collusion between prosecutors the japanese government and the sun executives with an axe to grind they say the brazilian businessman who is currently on bail would not receive a fair trial and that his rights had been trampled on. Thier Asian Economic Union is set to sign a Free Trade Agreement with serbia tomorrow it aims to streamline and bruce trade they each. Is an Economic Union that counts 5 members led by russia it includes belarus kazakhstan kyrgyzstan and a media 12015. 00 it allows for the Free Movement of goods capital labor and some Services Serbia has high hopes for the new deal it guarantees tariff free access for 99 percent of its exports to the bloc opening up a market of around 182000000. 00 customers but the bokeh nation is also waiting to join the e. U. If that happens brussels says serbia will have to drop any prior commitments with the e. U. I love serbia a hash tag that the balkan country has chosen as an advertising slogan and it hopes Foreign Investors will say the same president alexander showed up here for a contract signing ceremony as German Companies agreed to plough 300000000 euros into new factories in the country serbia is rolling out the red carpet for firms that create jobs. It went very fast was very well coordinated and left a thorough professional impression that the kind of environment investors are looking for. Serbian Pharmaceuticals Company haymow farm which belongs to the german shadow group produces around 200. 00 different medications that are mostly ships to the e. U. Because there are practically no customs or Tariff Barriers on goods made in serbia delivery doesnt pose any problems still German Companies would like to see serbias accession to e. U. Membership done and dusted for once is reached its just that its important to was that it goes through the accession process especially when it comes to reforming the judiciary and bureaucracy in general thats important for companies in terms of both implementation and Legal Security to be to you know the most growth desired overview of the name but the negotiations on membership for serbia have stalled one big hurdle is a difference of opinion between the e. U. And serbia on the status of kosovo. I dont care whether were in europe or north. Like i said there are some benefits for example for travel and such maybe even there. Its also about corruption the rule of law and Everything Else like that that doesnt work here the Justice System press freedom it all needs to change if we want to be a member of the e. U. Well negotiations drag sebi is turning to other potential partners looking to close a Free Trade Agreement with the russian dominated eurAsian Economic UnionBusiness Consultant draggle bragg thinks his countrys agriculture and construction sectors would benefit from closer ties with the e. U. The report from government they being. In business preparation phase or e. U. Maybe this can be useful for part of the serbian import. Currently however serbia still exports nearly 10 times more goods to the European Union than it does to your Asian Economic Union markets save deals that might alienate the e. U. Wreck tricky balancing act. After the fall of the berlin wall nov 9th on do you w. Take a trip on us to go Christmas Market hopping with v. W. In cologne and thats how long their fare and hotel are included for you and a guest. Just tell us which german street is your favorite. Whats the most beautiful place in germany. What would you like to explore most to enter tribute d. W. Dot com slash travel good luck and enjoy some. Welcome to arts and culture this time with the highlight of the davinci year a blockbuster exhibition on the florentine master that only the louvre in paris could pull together look at the lowdown on their efforts and also coming up. He said he would be and the terminator is back the on stoppable Arnold Schwarzenegger embodies of reformed and retired killing machine in terminator dark fate. And faking his way through the impressive repertoire of the e. U. 28 my colleague not as shows us the ingenuity behind hungary and potato pride. Im a 2nd 21000 mark 500 years since the death of Leonardo Da Vinci and the italian renaissance master who spent the last 3 years of his life in the french war valley as 1st painter engineer and architect to the french king well this is why the louvre holds almost a 3rd of the paintings attributed to him including of course the famous mona lisa and its pulled out all the stops to get as many more on site as possible for this exhibition a task almost as more new mental as da vincis genius. The mona lisa is