Is the Euro a Busted Flush?

I hadn’t found any podcast entirely connected with Germany. So I decided to listen about the Euro Zone. The title of this podcast is “Is the Euro a Busted Flush?”. It was broadcasted on 31 March 2010 at BBC World Service. Here is the link to the internet:
http://www.bbc.co.uk/iplayer/episode/p006x9kf/Business_Daily_Is_the_Euro_a_Busted_Flush/
And now I want to tell about the content of this podcast. Because Euro is a perfect political and economic project there are difficult questions about its reliability in the present day situation. Is it time for Germany and France to cut weak economies loose from the Euro? Does the row over who pays for Greece's problems show that the Euro Zone is unsustainable? Or does it mean that there has to be more political unity, with centralized power? Two famous professors are arguing about these questions in order to find the right way of solving the problem connected Euro. Efficient and successful Bavaria directs investors towards Greece in order to find new markets for its products. So they try to create resources of demand in Greece. But at the same time it wouldn’t help to solve the trading problem at all. The experience of Euro has also shown a great importance of fiscal discipline. But some people still have a wrong model in their mind when they look at the Euro Zone. Finally the professors decide that such countries as Germany, Netherlands, Austria and probably France should launch diverse reforms to protect their economies.
The second part of the podcast was very difficult because people were speaking very fast using a lot of unfamiliar and new for me words. But I understood the main idea. Africa and Latin America have nowadays problems with their domestic markets especially with internet services. They haven’t money to provide internet. However, vast territories can be a very good chance to prosper in the future.
I also want to tell some words about kwedit cards. They are credit cards but only for kids. Today people can’t understand the idea of launching such credit cards.
To sum up it was very difficult podcast.

GE, Communism and the recession

I have decided to listen to the podcast connected with Germany and money. The title of this podcast is “GE, Communism and the recession”. It was broadcasted on 2nd August 2009 at BBC World Service. You can also listen to this podcast now.
http://www.bbc.co.uk/iplayer/episode/p003s71s/Business_Weekly_GE_Communism_and_the_recession/
Business Weekly talks to Jeff Immelt of GE on the challenge of leading one of the world's biggest firms during the recession. Plus how are the old communist countries faring during this meltdown?
Vladimir Ilyich Lenin got much wrong but one thing right. His advice: "descend, seek another path, longer, perhaps, but one that will enable them to reach the summit".
Clearly, the chief executive of GE had been reading Lenin. Jeff Immelt took the top job. And then came the great skid which affected GE in lots of ways. Jeff Immelt gave the BBC's Business Editor, Robert Peston, his broad impression of what had gone wrong.
Twenty years ago, the Berlin Wall came down and soon after the German Democratic Republic, the old East Germany, was dead. Now its capitalist successor, the eastern part of the unified Germany, undergoes the ructions of recession.
In the long-standing capitalist countries, crises come and crises go. But what about the old Communist world where memories remain of communism, perhaps sepia tinged memories as time alters realities.
Finally, does micro lending really work? Every year billions of dollars are ploughed into this sort of lending, and part of that is supplied through aid money, from donor governments. But is it money well spent? Dean Karlan, professor of economics at Yale University, had studied this question - and made the study rigorous by comparing groups with a control group in the Philippines.
As for me, this podcast is a little bit difficult. It is very long and contains diverse new unfamiliar words. But it was very interesting and exciting. Now I know a lot about Germany, Communism and the recession.