Of the social democrats and that is extremely important because she basically singlehandedly at the Party Conference safe this grand Coalition Deal and convinced the Party Delegates to go into these Coalition Talks with the conservatives multinationals really has lost he had the worst year in german politics last year he has lost credibility with his party and so it is a very smart move that he might be stepping down as leader giving it over to and they are not us and taking the Foreign Policy post in the Foreign Ministry a very smart move of the social democrats there and the reason thats important to show that there we have to remind our viewers is that even though theres been this breakthrough today at that the two negotiating parties have recent agreement on forming a Coalition Government the s. P. D. Party members will have to vote on this before it can move forward thats in about three weeks time were expecting what can we expect from that vote right where we havent quite seen th
Resign jacob zuma has long been tainted by corruption allegations his deeply split party. Here in the studio. Also on the Program Space x. Launches the worlds most powerful rocket its the latest milestone for billionaire tech wizards the lawn most another step forward setting foot on mars well tell you about its unusual car. And an intriguing clash in the german cup on tuesday evening as munich faced off against Third Division. And we look forward to this evenings top match. Hello im terry martin good to have you with us. Theres still no sign of a grand coalition for germany talks between chancellor merkels conservatives and the social democrats went all through the night at the c. D. U. Party headquarters here in berlin but without a final agreement the countrys two biggest Political Parties are still in disagreement over labor laws and Health Care Reform its been more than four months now since National Elections if the parties cant agree germany could face fresh elections well our P
Im sorry so much going to thank you for joining us we begin with that breaking news here in berlin where it has now been confirmed that germanys two biggest political groups have reached an agreement on a Coalition Deal and go americas conservatives and the social democrats under martin shoals are set to form a new grand Coalition Government these are live pictures again from outside the the conservative headquarters here in berlin where were waiting for them to come out and make a statement will be listening live to that as soon as that happens now this follows days of negotiations in which the two were deadlocked over issues Like Health Care reform and labor law now todays agreements important to say its still faces a vote where nearly five hundred thousand social Democrat Members will get to cast their ballots on this final agreement. And our Political Correspondent hans bryant has been following all of this for us he is outside the c. D. U. Party headquarters for us hi hans this is
Paying more into e. U. Public coffers then we need to look at whether or not the extra money were paying can finance. Well and what its supposed to finance exactly and look at the investment that were trying to achieve. And finally the iraqi instability mechanism is a fund that has several hundred million. Years to show that billion euros in it is an issue the very volume of this post is. A major one its a strong instrument of eve financing. And mr goves of madam chancellor of the view of the fact that both the finance ministry and the. Foreign ministry have got the s. P. D. Arent you afraid that youre going to have to do more towards what mccann wants then you might want to. Buy m forty two when it comes to positioning as. The france scope of me what do you think is going to happen are you going to be pulling the putting on the brakes the whole time to slow down the social democratic ministries and then mr schwartz it would seem then when it comes to your Citizens Health insurance you
Closer to taking over the irish carrier. No signs of a nuclear deal in vienna. Iran maintains its red lines must be respected as iran is prepared to lift sanctions cannot be found. So welcome to the show. Breaking reports from iea. The International Energy agency. Crude Oil Prices Fell to the lowest in nearly three months. We know they say the oil price pressured by rising supply and financial turmoil in greece and china. They say demand growth appears to have peaked in the First Quarter of 2015. They cite factors like greece. Not only with a greek grexit curve oil demand but it could dampen deliveries if turmoil were to spread to other countries but the big headline is iea saying it may fall more around the world. On the demand side two curveballs in terms of greece and iran. Greece to the downside iran potentially to the upside. On supply they say that all supplies surged by 550,000 barrels in june and opec in particular increased because of record high output from iraq saudi arabia