And more unlikely that those loans will really be paid back and that is why the European Central bank which is the major supervisor of the european Banking System is taking a very close look at this and is on high alert all right lets get the view now from Turkey Correspondent joining Jones Reporting for us in istanbul during turkeys Foreign Minister has said further pressure will only hurt bilateral ties hes about retaliation but how much worse can relations get. Well the potential is to get a lot worse currently u. S. Forces are working with a Syrian Kurdish militia just across turkeys border so if you consider a terrorist organization and if they so wish they could put a lot of pressure on those u. S. Forces and the Kurdish Militia theyre working with that would ratchet up tensions further on top of that washington is looking for ancora to enforce its new
sanctions against iran has refused to do so given the current climate is unlikely to change that stance that again puts the two nato allies on a Collision Course potentially for a lot more difficult times ahead. Turkish Currency Tanking for months now but investors seem to really concern now inflation as at nearly sixteen percent the central bank is for a lot to raise the rate in response to what choice is just air to want to have Going Forward to manage this crisis. Well present on earth one speaking today has made it perfectly clear that he doesnt believe this is anything to do with financial imbalances he believes this is a sustained campaign by on the western powers to remove him from power he said very clearly that in the twenty sixteen failed Military Coup Attempt that was behind this they say they failed in that coup now theyre trying to use the Exchange Rate to oust me from power that is why hes taking such
differences in syria but now this latest Ratcheting Up of the crisis from washington does suggest a move even closer to moscow even though it may not be in its own interests as a way of punishing the u. S. That refer to ratcheting tensions with washington and causing further concern among turkeys nato allies all right this Story Insurance for us and is terrible thank you. For a different view im joined now from our washington studio by gibson who is the correspondent for the turkish Newspaper Daily sabah which is close to president a k party mr certainly thanks for being with us Financial Analyst say that president won is at the heart of turkeys problems they accuse him of robbing Turkey Central Bank of its independence is he responsible for the suffering of the turkish people. I mean if you look at the issue from the prison there are those perspective that he believes he has a responsibility for the banks policies as well he says that if the Economy Doesnt Go well the turkish people ask him not the central bank about unemployment and slow
a Global Economic system just still largely dominated by the u. S. President trumps twee raising tariffs on turkish scale and alone sent the layer up plunging were going it alone on this one. I mean look Prison There Dawn prison. Have really Good Relationship but there are some dollars in this relationship and. Recent that your relation in Turkish Economy we can blame present from him solve to get this point because before this threats and before Dissensions Quantum it wasnt doing very bad political tensions as you suggested because of turkeys portion in the Global Economy basically scared investors just start to think that these tariffs and sections will there it will be more acting against him and the government will do something that can actually
explaining to do at the turkish lira continues its decline we know that president arafat want telephoned with the russian president Vladimir Putin amid this economic turmoil does that indicate that he now turns to moscow for help and not to washington. I mean these are getting closer by day mainly because of United States policies in syria and in the region in general there was this you know short time good news coming out of washington that from then aired on is getting closer so they are appearing to thais but i think its all returning now and i think theyre doing is just trying to signify washington that you know he has alternatives its not necessarily that russia is going to give turkey a credit or loan or something because turkey has other alternatives such as china just two weeks ago minister agreed to get Three Billion Dollars worth of credit from china so there are other alternatives is not assisted russia because you know what were the russian. Economy and they dont have much resources ok the
international Monetary Fund says that turkey has not asked for help yet do you think theyll have to. I mean we will have to see from how being how from i. M. F. Is not necessarily a bad thing to accuse a party of i. M. F. Has no i. M. F. In Two Thousand And Eight and other financial crisis happening in europe and around the world turkey didnt get credit for a while if you were there at the time to if you didnt force the growth rate and basically did the economy shrank in the same time to Currency Levels were going off all like this you know it was like a similar situation but they had another deal such as writing down a program that had take tricky. Waters at the time and it might be the same not this is simply taking too long from i. M. F. Maybe taking their advice the brochure in the Financial Markets that its possible
to take turkey out of this financial stagnation than the problem they actually taking loans from by about because all of these are psychological and if you can just were short of investors they will come back all right time will tell thats where i hope silo the correspondent from the turkish daily newspaper the daily sabah which is closely allied to president a cant party raghav thanks for being with us tonight i think. All summer time is synonymous with travel for many people but if you plan your Summer Holiday using a Budget Airline weiner you may have a bad surprise when our pilots held a cordon needed twenty four hour strike across europe sparking cancellations across the continent germany Budget Airline the effect is visible here at Frankfurt Hahn Airport where Chicken Discerner Unstaffed and passengers nowhere to be seen many planes wont be flying today pilots Union Representatives in frankfurt say their
message is ryanair must change. Defeating ryanair its about sending a signal that they have to stop trying to defeat their own employees. Some passengers were forced to spend the night of early in the show in a felt airport many dont know when they will be able to fly out but some are showing sympathy for the pilots demands. Its unfair that the pilots have to pull the short straw just because passengers want to fly cheaply. And i think its a potential safety risk if employees dont stay at home when theyre ill because theyre on a freelance basis and wouldnt get paid so i do think its justified. Ryanair pilots are striking across europe for twenty four hours as they demand higher salaries and better working conditions thats led to the cancellation of Four Hundred Twenty four hundred scheduled flights affecting more than seventy thousand
passengers. I chris that cover is here for business us to walk us through this. There are a lot of Budget Airlines are working conditions that ryanair actually worse than it say easy jet well there have been more complaints there have been numerous numerous complaints about the working conditions and a dry in air thats why pilots for example are fighting for a collective collective Wage Agreement Something that doesnt exist ryanair says that staff pilots earn a lot of money comparable but theres two things you need to know the majority of ryanair parents arent staff but theyre freelance and the second thing is the basic salary is pretty low but then their premiums upon how many hours you fly i mean thats something thats beyond the control of the pilots and for example if a crew sits on the tarmac for two hours to do some technical difficulties or something that counts as time off the clock so naturally thats something they want to talk about and they want to debate. And we also have to consider that conditions
for cabin staff are indeed much worse the wages of very very low Flight Attendants have to pay for their own training and the unions for the cabin staff have already said that they are supporting the strike because of those cheap tickets come at a price i mean why are eleven known for its Bargain Basement fares you can sometimes fly to a different european country for a few euros but then they get you on the extras the baggage the nail the state reservation is that proving to be a bad Business Model you know its been a very lucrative business so far charging passengers for extra along with creative employment schemes lets put it that way but it seems like this model has reached its limits received drastic increases in delays and cancellations among european low Cost Carriers in the last couple of months and that is due to the fact because these carriers try to cram as many flights as they can in one day leaving planes on
the ground for as little time as possible to. Cleaned and refueled and if something goes wrong during that process and there should be a delay that multiplies down the line so in my opinion i think the model that weve seen so far will somehow ease up in the next couple of months because you dont want hordes of angry passengers because their flights are delayed or cancelled those belts cant get any tighter briefly what flights to passengers have if their flights are canceled due to Something Like a strike well in this case ryan air said you can get either get your money back for the flight that has been canceled or you can rebook it extra compensation is pretty much off the table. In case you missed an important Business Meeting or something ryanair says the strike was beyond their control and they have the backing of the European Union on this right to travelers are going to be out of luck can we expect more strikes like this over the rest of the summer i think we do i think it will get worse before it becomes better ryanair c. E. O. Michael oleary Despises Unions only last year he was forced to actually acknowledge them in the first time in the thirty year history of the company but thats not to say that both sides will reach an agreement and time soon and the pundits have said they are ready to strike you all right buyer beware in your book in the Summer Travel plans indeed all right chris tucker from our business says thanks for walking us through that. All residents of a small German Village are taking a stand after an ugly incident of racism a swastika was chopped on the sidewalk after a young syrian boy was killed in a nearby Traffic Accident locals of turned out to mourn the little boy publicly and to make clear their feelings about neo nazi sympathizers. Many people in schoenberg are disgusted by what happened on the Sidewalk Nazi Symbolism following
the death of a syrian child dozens of locals say its a disgrace and want to send a clear message with their protest. Its absolutely hideous and totally inconceivable i categorically reject this whoever works with symbols like these knows what they mean this kind of thing does not belong here and shouted back no way the nine year old boy was riding his bike here in early june he then lost control of the bike and was run over by a tractor he died a few days later in the hospital witnesses later noticed a swastika at the Accident Site which the town had removed but three weeks later another swastika appeared along with a mocking phrase want to nail. The boys death is bad enough and if then some stupid reactionaries qual out of their holes and draw swastikas here its totally unacceptable. After a tragedy like this for such a young person to have this kind of vandalism its unthinkable and its so sad
there are no words to describe it its just horrible that this has happened. Until now this northern german town of Four Thousand has not seen any right wing extremist incidents a couple dozen refugees live here all well integrated some locals reacted quickly to the nazi graffiti and painted over it with a piece symbol and flowers. But the atmosphere here is also tinge with populism and incitement to santa phobia according to these shin Bank Citizens because its got hold of the four people so. Thats a huge amount has changed for the worse in this country and that also has the facts on whatever neo nazis that are everywhere and who are now able to more easily emerge from their cover that. The police have investigated two suspects but the people have shown back did not want to wait for results before making it clear right wing extremism has no place in their town. Right. Former Tour De France champion down over it was detained in frankfurt early friday morning on suspicion of assaulting a sex worker while on required medical treatment for her injuries and it comes less than a week after the former Tour De France winner appeared in court on the Spanish Island of majorca where he lives he was charged with Breaking And Entering the home of his neighbor german actor and director of those fire or cycling achievements for huard in Two Thousand And Twelve he was found guilty of doping. For on the Story Shaking The Sporting World Of Red Cross harrington from our sports desk with me cross of its good to have you here thank you yeah morris was germanys and golden boy of cycling but things are going real wrong for him lately bad behavior tell us about this episode and for what happened with this latest
episode is second arrest this week you know so things are looking very badly for a young owners you know but he was on his way specifically to rehab at e. O. He came back to germany leaving spain after the incident with. Specifically to check himself in a rehab clinic because he admitted to the press after that incident that he did have an issue with alcohol and he was seeking. You know some sort of rehab and he had seen his family so you know the story seemed all in a lie that he was actually he did what the steps are you know you admit you have a problem you seek help then all of a sudden you know he was checked in this hotel and he hired a sex worker and according to reports he choked her until she blacked out and he was released from holding this evening from the Frankfurt Police station you know but there are two charges that could you know come either attempted manslaughter or Grievous Bodily Harm so it doesnt look good and this is his second act of
aggression you know so he is in my opinion in need of some Anger Management you know a desk dest definitely need some help and maybe some jail time i mean these are these are very serious own maybe how big was he to the sport for people who dont come from a cycling background and wendys Downfall Starkers there was also a Doping Scandal right yeah so it terms of cycling he is the only german to win the Tour De France you know this is in One Thousand Nine Hundred Seventy and subsequently what happened in germany there was a bicycle boom so just imagine he was the Toast Of The Town in the entire country you know but his first issue that came to light was a positive test for ecstasy this was prior to the big Doping Scandal that you know followed for ecstasy recreational drugs he was suspended shortly for that moment so that let public know that he had an issue with Substance Abuse to some degree you know the later Two Thousa