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.
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.
