history point out all my guests have to say on quadriga. margarita on d w. i knew we were of a greece that's how the government sells today's bailout exit but eight years of austerity hurts and it's not over yet. and when inflation goes into hyperspeed just knock a few zeros off the currency that's the venezuelan solution. i've been fizzling but still business greece's bailouts are over but there's a lot of money to pay back and the austerity continues taxes squeezing the great many of them have never paid anything and unemployment remains stubbornly high. finally no more aid packages and no more funding requirements but the last eight years have been tough for greece and brought drastic cost cutting measures many greeks lost their jobs and their homes income is fallen by a third on average the taxes however remained high for most people it will be a long time before the situation improves and some people don't even believe it's possible like this silversmith but i still think i am personally for me in the coming years i don't see any hope everything looks bleak to me. because he sees

you what the new clinicians. european officials think beyond of greece two hundred billion euro bailout is a milestone but the mood on the ground is more reticent we'll tell you why. this news update i'm funny for char here in brawl that german companies say all. lack of workers is costing the country thirty fillion europe's a year in g.d.p. now the german government is sad it will make it easier for non international's to come here to work to fill the gaps in the future people will be able to come to germany without a job offer if they are properly qualified until now that rule has only applied to do so with a university degree people will be chosen on the basis of their age and german language abilities businesses want more workers especially in health care on the tray it's now the lack of qualified because this is especially critical in the geriatric care sector where they are thirty thousand vacancies nationwide that means you know to quit care for the old really on top of the workload for those who currently nurse them as germans are getting older the problem will get worse

as of last monday greece is independent of international aid funding at last no more aid packages and fewer fiscal requirements but the last eight years have been rough for greece and brought drastic austerity many greeks lost their jobs and their homes average income has fallen by a third but taxes remain high and now some are very skeptical about the future like this silversmith. personally for me in the coming years i don't see any hope everything looks bleak to me. the greek crisis brought me and thousands of people in my position to a low point in business women weren't interested in buying our clothes and as a result my manufacturing company closed we latest out of this combined cafe and mini market. he hopes to gain a foothold again like that most people are trying to fight their way through as best they can in brussels there was cautious optimism at the european commission. greece's transformative reforms have laid the foundations for a sustainable recovery putting in place the fundamental conditions need for sustained growth for drop creation and for sound public finances

greece prepares for the end of its balance of programs coming up next week but how much as a benefit of the country's people. plus filling job vacancies here in germany has attacked the us all labor shortage that more is free to. make your smart t.v. smarter than t w four smart t.v. . what you want when you want it up to do extraordinary in-depth decide what's on find out more that dot com smart t.v. . these creations should just brand the stink of all the column lock off an icon of the fashion world. look what do we really know about the man behind the dark shades what motivates him how does he think and feel private moments in the life of a great fashion designer business on smartphones. start september ninth w. look at it in. germany takes action to tackle an urgent lack of skilled workers new legislation will make it easier for non e.u. nationals to come to germany we'll tell you what the new conditions will be. also on the show european officials say the end of greece's two hundred billion euro bailout is a mile. stone but there are still plenty of trouble brewing we'll tell you wh

in greece one week on from the statement hours tomorrow. villagers are trying to guard what's left of their homes against glutens while rescue teams search for bodies and survives. people here have been left to fend for themselves with little support materializing from the states . next. that people are looking for information. opinions want to stress g.w. on facebook and twitter are up to date and in touch. from people make fun about the own social economic and political problems. in mozambique we say that you have to laugh so you don't write it's help people because we think they do people. as a journalist i often call called these folks in the bag by the less local to the. elector staff may day by checking alpha told us jokes finding out what people are talking about what is moving them. my father taught me how to ask uncomfortable questions about my country and about to book that is what i keep doing to this day my name is fadi self and i work at. hello and welcome to focus on europe with me peter craven and europe is in the grip of a devastating heatwave it's been scorching farml

. the people at. a major milestone for greece after eight years of crisis today the greek bailout package ends it kept greece in the euro but i'd want to cost we go to athens and brussels. welcome to business i want to get jones good to have you with us big day agree. the eurozone today as the country emerges the last of three bailout programs for the past eighty years athens have been dependent on aid from the european union the european central bank and the international monetary fund the loans given to greece amounted to two hundred sixty billion euros in return greece had to implement painful austerity measures and reforms and now the time has come for greece to finance itself independently on the capital markets again but how realistic is that. finally back on their feet financially no more cash injections or bailout funds that's the greek government goal after all the economy has been growing since last year mainly due to greek exports big gaining ground last year greece exported goods worth twenty eight point nine billion euros exports have risen by thirty five and a half p

of outside interference including portugal hungary and greece. china now seems to have its own presence at the negotiating table along with the government heads of the european union. around two thousand chinese companies do business in africa raw materials are the main focus and africa is a huge market for chinese products so creating the necessary infrastructure to mine resources also sets up the ideal supply network for selling to customers but the africans doing all the hard work say not being treated right. cruising through kenya at one hundred twenty kilometers an hour the new rail line between the port of mombasa and the capital nairobi went into service just about a year ago it took twenty five thousand kenyan workers some three years to build the initiative and finance behind the whole operation a chinese construction company local construction workers are working for chinese companies throughout africa but unions are becoming increasingly critical of the working conditions a large number of africans working for chinese companies have no legal contract. we g.'s are usu

the government's lot five zero of its fast appreciating current. and a new era for greece that's how the government is selling its bailout exit that eight years of austerity hurts and it's not over yet. bass is your business update on how at home free in berlin good to have you with us the venezuelan government says radical new plan to combat spiraling hyper inflation has left businesses and consumers confused and anxious caracas is issuing new bank notes off to slashing five zeroes off the been a good ball of our brochures like these explain how the new system is supposed to work but uncertainty over how goods will be priced has pushed many very venezuelans to stock up ahead of time the government also announced a massive minimum wage hike unlikely to be affordable for many businesses already struggling this will be drastic policy changes are likely to worsen venezuela's economic problems. this cafe in the venezuelan capital caracas doesn't accept cash neither does this bar what they do take is cryptocurrency as it's a response to the country's out of control inflation which has lef

greece and spain are nothing like the turkish case turkey doesn't have. any important public prayer problem or budget there was a problem in that sense turkey's complaint rate there must be criteria politic that and it budget deficits are read available but on the other hand. this off to the private sector in foreign currencies rate hike and it isn't a very important structural problem or couldn't account that its target is important and agile turkey is importing oil and natural gas so turkey needs to attract more foreign that it can wrestling needs to. increase the margins of profit all these exports and also its tourism is to fulfill the gap in the current account deficit therefore turkish a total business and investment in an environment needs to actually forms labor market reform fiscal reform education reform for all the forms that are this is a city to cope with the challenges of the twenty first century in the digital age so they have to be priority to turkey's agenda ok ok so there is an awful lot of homework it to be dad and and kharaj and across turkey bad idea. to see and

spain and greece where more than one in six without work. but of course u.s. on inflation is also down to two percent in line with the b's. stable for kids you must have two paul brits at the front but stock exchange public data shows that the block is quite strong and solid now with strong seeming to picking a fight with the e.u. is he perhaps biting off more than he can chew. well with two percent of interest rate and they used to be just in line they may. interest rates may actually be rising by the end of the three years so it's a good it's a good sign yes a question is here really picking a fight though with the e.u. if we imagine this to be a children's break played around which is you know kind of not so far away in his days he's been he's been saying names he's been pointing at a stone maybe but he hasn't thrown any tariffs at you yet he's been much less has the time with china with the tit for tat going back and forth but why is he to start that he'd be getting battled from two directions at the same time when both sides really of this conflict would be losing a fortune f

triggering wildfires worst hit so far is greece which has seen what's been described as europe's deadliest forest fire in over a century at least ninety people have been killed in a number of a.

portugal hungary and greece. china now seems to have its own presence at the negotiating table along with the government heads of the european union. thanks for watching. a new coach. will come. there to tell him in turn turn to the top. chef on. more intrigue international talk show for journalists discuss the topic of the week he's president rather one to blame for turkey's economic crisis should europe should germany prop up the man who served his country into an october say and. find out on quadriga coming up short of. quadriga in sixty minutes on. lehman brothers ten years on a story of ambition greed and megalomania. we're so clever the elite control the rich. of investment bankers the carousel with never stop. everybody draw the wanted to ignore the reality of the whole thing might blow off in many cases of a system that spun out of control. and. the crash the investment bank lehman brothers start september thirteenth on t w. for no one is legal and their big kickoff. a warm welcome to the new season here on kickoff like for some it's a new book.