tv DW News - News Deutsche Welle May 28, 2018 9:00am-9:30am CEST
the germans every week. this is deja vu news live from berlin italy plunges into political chaos the populist party has been to form a government collapses the prime minister elect steps aside after italy's president regex's choice of a euro skeptic or economics minister we'll get the latest from rome and brussels also coming up. germany's anti immigration party takes to the streets and so too does opponents the alternative for germany stages
a rally in central berlin its supporters are outnumbered by anti demonstrations. and will the real kim please stand up singapore it's a dress rehearsal with the historic summit between the north korean leader and president from back on track. i'm going thomas a very warm welcome to the show italy's messy post-election drama has taken another surprising turn the prime minister elect has stepped down after the country's president rejected his choice for economics minister a man who said italy should prepare to leave the euro the country could now be facing a constitutional crisis in the appointment of a government by the president or new elections.
with limited political experience italy's coalition parties choice for prime minister was always going to be considered unconventional nature seppi conta has confirmed he would leave the country. i have rejected the mandate to form a government that was offered to me by president met at a law i can assure you i have given all of my efforts and all of my attention to this task and i have worked in a climate of maximum collaboration. and they say it all centers around this man. the league and five star parties had put ten forward as their candidate to head the economy and finance ministry the euro skeptic has asked whether italy should stop using the euro as its official currency that's the last thing the president wants.
another senior thought to the minister of the economy the nomination for the economy ministry delivers an immediate message of trust or alarm to the financial world if you know. or casebook but when i asked for that ministry to be taken by a notable figure from the majority political party. when someone who was aware of the program someone who does not support the policy which was announced by the coalition parties in it or do. you vote for many of the sort of action which could provoke or lead to italy leaving the euro the photo shoot of it if that ever lived. the president's decision to reject the candidate has angered many of at least political figures not least the leader of the five star movement who suggest in matters rather be impeached for betraying the state. let
me say this clearly turning out a vote is pointless in this country because the rating agencies choose the government even when the citizens with over fifty percent of consensus between two political forces who want to change things and want to represent italians and their interests. in the end a way always seems to be found to block the people's will. but which it was. president matter rather has some and former international monetary fund director carlo qatar daily for talks a further attempt to end the long running political impasse in a country which could soon face the prospect of snap elections. so is italy in the midst of an unprecedented political and institutional clash to find out let's bring indeed our views that regard from our brussels studio and in rome we have the journal's philip well and good morning to both of you philip the five star movement is calling for the president to be impeached requote betraying italy's citizens is
that a possibility what's next for italy. certainly that does exist as a technical possibility. and people who agree with the call for his impeachment take the view that he didn't really have much of a political mandate for what he did if you selected by yet parliament but he's forwarded the will of two parties that emerged as winners from the most recent elections but i think on the other hand these calls for each minute are really just the beginning of. the list election campaign we can expect a lot more fiery rhetoric between now and any new election and i think realistically it is hard to imagine a majority in parliament this would be required voting in favor of impeachment of
this president it would also send a signal that italy was drifting really rudderless and will further aggravate the current crisis ok so is the new elections a real possibility bant the italian president saying the euro was central to italy's future but italian voters are not so sure what does russell's want to see happen in rome. well there are mixed feelings here in brussels on the one hand there's a kind of shot in florida relief that the populace government failed in this attempt to form a government which is against or maybe against the euro on the other hand the use of cause aware that now months of uncertainty of a photo and that italy is not able to decide on anything that is now urgent in the european union in its name migration or the reform of the eurozone and also it's certain that the populists might gain in the next election and that is of course
not to the liking of the euro cressy in brussels philip you've been told covering italian politics for a long time in italy has seen numerous political crises over the last half century is this simply another drama on the tiber or is this categorically different. i think there is something else different about this crisis it. areal clear standoff between the two major parties to emerge from the latest elections and a president who's seen as a reassuring experience figure and the standoff is very strong very violent and likely to continue to be served on the other hand it really is not a very difficult process there's been crises in the us and the background some
years ago were decades ago was against a backdrop of political terrorism or market terrorism italy yet today is much more stable and mature a country it doesn't almost debt but i think probably the real acts that matter exists in some decades ago doesn't apply any more clearly though there's a difference there's a knock on effect of the rest of europe ok there is indeed banter back to you hilly is the euro zone's third biggest economy but government debt is at about one hundred thirty two percent of annual g.d.p. right now it is a man's could debt relief from brussels be a way to entice italy's populists to perhaps moderate their anti euro stance. maybe it would please the populace but it's first it's illegal under the rules of the eurozone italy would have to apply for
a real rescue operation but the rescue fund and this is not the case and on the other hand it wouldn't work because the italian state is indebted mostly with its own citizens and italian bangs is not indebted with the europe or even the e.u. so this is not a solution to the crisis in the you can see that you is already going up so the markets a more liberal coming this develop and grow that very good for us in brussels philip will and in rome thanks very much to both of you this morning now for some of the other stories making the news today. u.s. authorities have declared a state of emergency in parts of maryland after communities were hit by severe flash flooding in ellicott city the water carried away cars and engulf homes and businesses it is the second major flood to hit the area in two years. former u.s. president george h.w. bush has been admitted to hospital suffering from low blood pressure and fatigue
officials say he will remain under observation there for a number of days ninety three year old suffers from parkinson's and his wheelchair bound has been hospitalized on a number of occasions in recent years. brazil's government has cut the price of diesel in response to a weeklong strike by truck drivers that has paralyzed the economy. truckers barricaded hundreds of roads in protest at rising fuel prices the strike action has led to nationwide fuel and food shortages. well here in berlin germany's anti immigration party took to the streets of the capital on sunday supporters of the alternative for germany or if he gathered for a demonstration they called a future for germany they showed up in their thousands counter demonstrators came out and even greater numbers. go away go away they chanted demonstrators marching against the a.f.d.
an alliance of political parties labor unions and other groups organized the counter-demonstration together they mobilized an estimated twenty five thousand people to take a stand against the right wing populists. so it's a good thing that the f.t.c. which pretends it represents the majority sees it doesn't we they came to the demonstrators are the majority. and they represented a broad cross-section of german society. who knew of this. law does life think people should be tolerant and they should accept people the way they are. but it's not don't think it's right to spread hatred which is what the f.t. does. this get it and i think it's great that there are so many young people i was afraid they might not be as politically active as before this is great so one thing is making the police count at about five thousand and fifty supporters.
is a status none this was the land of our fathers and mothers and we wanted to stay the way they left it for us is. if the speaker's warned against the islamisation of germany and criticised the government's refugee policies supporters shouted america must go. yeah get out of the year right now i already feel like foreigners in our own country because we're afraid to go for a walk in the evening at seaton are going to govern or boys that are going to have you can't even be a patriot anymore if you say you're proud of your country you get labeled a nazi not your daughter this was going on in the f.t. ended its rally with the german national anthem. the count's demonstrators still dancing to techno ended there. say by taking to the streets. and to the water. it's to columbia now that country is headed for
a runoff presidential election after balloting on sunday the conservative even duke a won the first round with close to forty percent of the votes will be facing off next month against the leftist former rebel gustava pedro de says the peace deal with four guerrillas is too lenient he wants to jail former rebels for war crimes pedro campaigned with a mainly socialist message and his party has not ruled out a coalition with forks political way this is the first presidential election since a peace treaty was signed after decades of a violent insurgency. did abuse ophelia harms the root is following the story for us from both sides are good morning ophelia you know there will be a run a runoff vote next month is there any indication that duke a has the support he needs to become the next president well he certainly has a big support within the population yesterday seven and
a half million people voted for him and even more could do so in the run of as many fear that those socialist proposals as they think that these could turn colombia into another venezuela but on the other hand you have about five million people who voted for bad throw and the candidate who can win a third in the election yesterday has about four and a half million votes he is from the center left spectrum and his vote to turn into petra's votes and the run of petro could have a chance of becoming the president but it has to be said so far none of the candidates has openly shown support for either through or ok now what about the runoff and what it would mean for the peace process with the left is a far rebels what are the implications there. well it could mean that the peace process could be at stake people that support.
rejected in its current form they want to see former farquhar rural rebels in jail serving severe jail sentences and they do dislike the fact that they are given ten seats in congress for the next three periods and duke has promised that he would change major parts of the deal but it has to be said the deal is sealed so twenty twenty six but what we can expect is that he would probably slow walk the peace deal into failure by not implementing major parts of it ok that means there's a lot of stake in this runoff what are people saying where you are or both sides on the political divide committed to the peace process and to political stability. everyone of course wants peace what they don't like is the form it has taken we have seen a very polarized complain and
a very polarized vote. beto is they can do that with the left candidate with most votes in colombia of history and we see a left force entering the political spectrum in a country that has never had any space for the left as this idea has were always related to marxist guerrillas. and what you see is that most young and progressive voters have chosen better but on the other hand the majority of colombian still prefer the more conservative side they voted for duke who opposes same sex marriage or shown and euthanasia and some recent studies show that this tendency is actually growing in colombia and communities there is a society of arms or ophelia thanks very much for that from the top. or to market alan dimer could be in trouble over a massive recall linked to what else the diesel sky just won't go away brown and
i'm the shares of taking a hit ever since the news emerged so the diesel emissions scandal just keeps on rolling today it's dima boss dieter zetsche a stern he's expected at the german transport ministry to explain his company's alleged use of emissions teaching technology and this time the focus is on mercedes benz vans last week the transport ministry ordered the recall of around five thousand vehicles dima said it plans to appeal but according to media reports the recall is likely to be more extensive rather than less. investors are moving their money out of emerging economies to the united states where the federal reserve is gradually raising interest rates as a result of the value of several emerging market currencies have taken a hit the turkish lira plunged to historic lows against the us dollar last week to boles the domestic currency the turkish central bank hiked its key interest rate from around thirteen percent to sixteen and a huff the capital outflow is also adding to india's troubles with the rupee hit
its lowest level in fifteen months at the start of may that was and in argentina which is saddled with wardens three hundred twenty billion dollars in extra on a dead the peso dropped after jittery investors hit the exits so the turkish lira the argentinian peso of the indian rupee the south african rand all of these currencies have lost a great deal of their value what impact could this development have on the global economy and financial market that is something i would like to discuss now with the cold senior economist at bear bank good to have you with us let me start straightaway what is the biggest challenge for emerging market currencies right now well right now see is a stronger u.s. dollar and at least some emerging market economies come under pressure but there's a combination actually when we move from last year to this year and it's indeed also emerging markets themselves in terms of the gross momentum is weakening and
the big factor is you know the u.s. it's actually china which has slowed their impulse when it comes to economic growth and this is something emerging markets usually profit from so the stronger dollar and less growth so you accumulate actually less reserves and you're more fragile you basically are more exposed to foreign inflows or as we have seen right now two outflows when it comes to turkey for example turkey is something that i would like to look at a bit more closely always its closest to us right now here in europe do you think that the problems there of the turkish lira are mostly home made. or is it also mostly u.s. monetary policy what's the combination actually probably the trigger is really monitor the policy because the dollars is getting more expensive but when you look really into details then the turkish economy is growing quite robust that means that you are important much more and you get really into this current account deficit so you import quite a lot you don't export a lot and when you the currency doesn't adjust you some sometime you get a problem in particular when you don't have accumulated enough reserves enough
dollar reserves and the dollars getting more expensive those this is combination so the question is always wise to keep growing so much and indeed here political reasons interest rates are too low for this inflation rate so they stimulate the economy added one wants to stimulate the economy in particular now ahead of the elections but also fiscal policy so lots of projects are being put in place here because of politics because of the elections it and this is getting right now quite tight so you need quite a lot of u.s. dollars to pay for the imports but you don't have them and this is exactly the pressure point for turkey right now and we think. you need two things what you can do actually you either give more interest rates for the traditionally or not so hiking interest rates is what we've what we have seen and put it much more important factor is to gain trust again in the turkish not only economy but also in the in the currency and this is the difficult part for turkey they do on
a confrontation course not only you can see us on the political side but also against financial markets and this is the tricky part what turkey probably has left still more to do to really limit here the depreciation of the turkey but when you take emerging market currencies on a whole there are some economists among them renowned economist paul krugman who says he feels reminded of the asian market crisis back in the one nine hundred ninety s. is it that global i would this be too far because lots of emerging markets have actually learned. from the asian crisis so they they issue dept in the local currencies and then you are sheltered against the stronger u.s. dollar for take for example brazil they have the public that is nearly all in brazilian reality so they don't care who would say if the dollar's getting stronger even they have to pay less stepped back so the number of economies which have learned that the classical ones and really turkey and argentina stand out here really in their vulnerability against stronger u.s.
dollar india is always a classic example when the dollar is stronger when the when the oil prices rising they running into problems because of the diffuse it's about the other ones are pretty safe and in particular the emerging markets in asia we have to say are pretty safe right to call their senior economist edulis bank thank you so much welcome. u.s. officials entered the north korean side of the de-militarized zone for talks on sunday now is the latest move in what has been a dramatic diplomatic week for washington n.p.r. yang the team's arrival in the north raised expectations that the meeting between can jump on and present trump will indeed take place and preparations for that meeting in singapore are now underway but not everything is quite what it seems. could it be supreme leader kim jong un strolling along the singapore waterfront a good two weeks before the long awaited us north korean summit very mr oh i'm
already here in singapore i'm just waiting for you to turn up and even with the australian accent many singaporeans were fooled by kim impersonator howard x. he predicted the meeting will be a success. and i think that the two leaders will sit down together and they're going to have a great time because really they have the same personality and really that they're the same person so i think he would be best friends right after this meeting. meanwhile the real kim was in the demilitarized zone at a surprise meeting with the south and counterparts they say the meeting with trumpets back on but is it let's start from the beginning and an exchange of bumps . they will be met with fire and fury little rocket man little rocket man rocket man is a sick puppy and pick diplomacy follows in february and pyongyang extends an invitation to meet donald trump i'll be meeting with kim jong un in the coming
weeks at the end of april the leaders of north and south korea meet for the first time kim jong un process into the south. and moon j and crosses into the north they agree to work toward formally ending the korean war. in may she extends an olive branch and releases three american prisoners i think he did this because i really think he wants to do something. weeks later kim jong un appears to make good on a promise detonating parts of his only known nuclear testing site then washington throws a curve ball citing his still ity in the recent north korean comments decided to terminate the planned summit in singapore in june twelfth then just one day later another turnaround the meeting is back on the table trump's explanation provided you know that. back at the surprise meeting over the weekend the south korean
president says the north is committed to complete denuclearization but acknowledges that kim and trump might have differing expectations of what that means. meanwhile trump is back to sending confidence signals so we're looking at june twelfth in singapore that hasn't changed. and we're alone pretty well so we'll see what happens what happens next is anyone's guess back in singapore no one knows if the meeting will take place this could be the only incarnation of kim jong un ever to search for. motor sport now and the monaco grand prix is always a red letter day on the formula one calendar the circuit is one of the sport's oldest and most challenging this year's winner daniel ricardo who started in pole position but had his hands four right down to the wire. genuine ricardo hell bent on defending his lead from the outset and pushed by rival sebastian
fettle. drivers in the principality often end up racing virtually single file it's notoriously tough to overtake on the monte carlo circuit. but with just over a third of the races laps complete the australian leader found himself under real pressure his car slowed dramatically when he radioed the red bull mechanical team they said it was a power loss they couldn't fix what followed was a clinic in defensive racing as ricardo staved off settles attempts to pass him for fifty nine laps to take the checkered flag. riccardo was ecstatic with the win his first at one of f one's most storied circuits. we had problems i don't know how much the radio broadcast but we had we had a lot to do with her in the rice i felt powell loss of power and i thought the race was done yeah just. we won monaco so.
another driver who had a good race was ricardo's teammate max finished up and he showed it's not impossible to pass at monaco after a crash in qualifying he started did last in the field of twenty but finished in one. big weekend for red bull in the team's two hundred fiftieth f one race i. just if you're a minor now of our top stories this hour. italy is facing the possibility of new elections after the country's president rejected their euro skeptic choice for an economics minister as move has prompted prime minister elect. to give up on forming a new government and step down after just three days. don't forget there is more on these and other stories that our web site that's w dot com for now though for me brian thomas and the entire new. thanks for being with us.
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