Is come down really sharply on the brexit news. Walk johnson prepared to away. The pound is plummeting on the back of that. We recovered a little bit, but still down. 9 . 1. 12. E sterling is at in europe, the equities are rolling over, the euro stoxx the euro stoxx down. We have money moving back into of bonds, in the same in the United States. Lets talk about brexit. Prime minister Boris Johnson and the European Commission prime minister, set to start a crucial phone call starting about now. Could it be make or break . Pound falling sharply . The counseling sharply. Walk away. Pared to the real deadline appears to be eu summitahead of the on thursday. Joining us now, we have our bloomberg governments and brexit reporter. What are we expecting from the phone call with Boris Johnson . Reporter one of two things, either we get them saying we will keep talking. Think we could get an agreement here or this is the moment where they say, we should notkeep talking, so why into this now . We
Session, 0. 7 . We are seeing a decent move when it comes to the bond markets. The eurodollar trading up by 0. 1 . I want to show you what is happening. A lot of sound and fury around the middle of the session, but as it has for a long time, the pound going absolutely nowhere. We are up by just 0. 1 against the u. S. Dollar. Alix i feel like it is the same thing now with stimulus headlines in the u. S. Lets get the latest on brexit headlines. The u. K. Says talks are over. Prime minister Boris Johnson spoke on that earlier today. Pm johnson given that they have refused to negotiate seriously for much of the last few months, and given that this summit appears explicitly to rule out a canada style deal, ive concluded that we should get ready for january 1 with arrangements that are more like australias, based on simple principles of global free trade. Under in australia type deal, there would be no competence of agreement, and the bulk of trade would be done under less favorable wto rule
O n a very warm welcome indeed to quadriga coming to you from the heart and what a week it has been in german politics with the country plunged into an unprecedented period of uncertainty and upheaval this after the dramatic breakdown of talks to form a new Coalition Government that in turn dealt what seemed to be a major blow to Angela Merkels hopes of pressing ahead with a fourth term in office fresh elections now looks to be the likeliest option and that means it could be months before europes leading nation has a functioning government so our question on this edition of course is medical under pressure how stable is germany and to discuss that question im joined in the studio by three astute observers of german politics beginning with matthew condit snake who is politicos chief europe correspondent he says germany will remain stable with or without a macro what this crisis shows is how mature germanys democracy has. Come also with us is judy dempsey senior fellow at Carnegie Europe
A unique way to translate words into images we start with three classics of german literature. And. What was published in one thousand twelve was a sensation thomas months death in venice is a story of love madness and ruin himself called the book a tale of the ecstasy of destruction. For the one nine hundred seventy one film adaptation. Of his conti found a way to capture in images that sense of decline. One major change from book to film the director turns the protagonist stuff on russian box from a writer into musician modeled on austrian composer gustav mahler. Because i thought. It was a real idea. We have a lot of. Dead. And that hed thought about. And then i had a make or if. I should about this convalescing at a hotel in venice when he becomes obsessed with the youth and beauty of a polish boy what follows is an ecstasy of music and imagery. Number six on our list all is quiet on the western front. Remark turned his own trauma as a soldier in the First World War into a global b
Functioning government. The question is, merkel under pressure, how stable is germany . To discuss that, im joined by three observers of german politics. Matthew karnitschnig, politicos chief europe correspondent, he says germany will remain stable with or without merkel. What this crisis shows is how much or germanys democracy has become. Also with us is judy dempsey, senior fellow at carnegie europe. Judy believes that germany is europes newest problblem. The collapse of Coalition Talks in berlin will have serious repercussions. And a warm welcome to anna sauerbrey, reporter with berlins der tagesspiegel newspaper and contributing writer for the New York Times. Anna says that germany is not turning into just as well, but there is a new disdain for compromise in this country that is worrying. Thank you all for being with me here today in the quadriga studio. Anna, ive just referred to the New York Times. The New York Times has referred to germanys crisis. How do you assess the gravity