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germany s public transport network will be at a near stand still today as two of the country s largest unions strike in an ongoing dispute over pay. workers walked out shortly after midnight for 2h hours. two of the country s largest unions which are demanding significant pay rises for their workers want to increase the pressure on employers ahead of another round of negotiations. there ll be all but no trains, planes or ferries in operation after workers walked out, and motorists have been warned that staff who maintain motorways and repair road damage after accidents are also on strike. damage after accidents let s are also on strike. talk about the impact of all let s talk about the impact of all of this. joining me now is christian schulz, deputy chief european economist at citi. they seem huge. what sort of impact will the strikes today across germany? impact will the strikes today across germany? well, good morning- across germany? well, good morning. every ....
In the memory, regulators and authorities, they will have learned lessons from that of how to protect depositors and act quickly and try to prevent contagion. act quickly and try to prevent contagion- act quickly and try to prevent contagion. hell reassured our markets? contagion. hell reassured our markets? last contagion. hell reassured our markets? last week - contagion. hell reassured our markets? last week heard i contagion. hell reassured our i markets? last week heard from the federal reserve jay powell and janet yellen saying deposits are there was still a cell of how reassured our markets? cell of how reassured our markets? cell of how reassured our markets? ~ ., , ., markets? were nervous and we ve had a big run-off markets? were nervous and we ve had a big run-off since markets? were nervous and we ve had a big run-off since october- had a big run off since october and markets were expecting a calling in inflation sell off. central banks able to move to ....
Developing, engineering, sales, those are very hard skills. the softer skills, which i like to think of as more human skills, become more important as we continue to use technology. our ability to critically think, our ability to have empathy, our ability to have empathy, our ability to learn and adapt gets more and more important, and, so, that is why you see that we need more and more of those skills as we move into a more technologically driven economy. more technologically driven economy- more technologically driven econom . ~ . ., , , economy. and what are employers doinu to economy. and what are employers doing to try economy. and what are employers doing to try and economy. and what are employers doing to try and get economy. and what are employers doing to try and get around - doing to try and get around this problem, this huge skills gap? are they retraining? are they employing people who do not have the skills but bringing them up to speed? yeah. i think it is several ....
Imperatives that we have to solve as a country, and if you go back into what is causing this, you think about a couple of things. one is the changing nature of the jobs in and of themselves. we keep infusing technology into work, and when we do that, the skills that workers need are changing, and so the demand that employers need for their businesses have changed, and then on top of that, we also have, at the same time, we have less workers. we have that high inactivity rate. we have about 6.7 million workers that are not active in the workforce, and so we also have to be thinking about how to get them back into the economy. to get them back into the economy- to get them back into the econom . , , ., ., economy. the survey found that soft skills were economy. the survey found that soft skills were more economy. the survey found that soft skills were more difficult i soft skills were more difficult to source and hard skills. just explain the difference and why that is. ,, . tha ....
The uk is well with inflation so high. what impacts are the strikes likely to have on the economy? strikes likely to have on the econom ? ~ ., y strikes likely to have on the econom ? ~ ., , ., economy? about the economy at this stage. economy? about the economy at this stage. i economy? about the economy at this stage, i would economy? about the economy at this stage, i would not economy? about the economy at this stage, i would not be - economy? about the economy at this stage, i would not be too - this stage, i would not be too worried. this is one of 365 days. mathematically, if everything came to a standstill would be limited. there becomes more problematic if the waste negotiation today and tomorrow have the last round of negotiation, if they fail, and if we then head into a permanent strike. there is still mediation in between, so it is not going to happen immediately, but failure today to come to some sort of settlement, that would really be damaging to the economy. it ....