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Money Talks from The Economist

Money talks: How have markets been reacting to Merkel’s tentative victory?

Money Talks from The Economist

The Economist

News, Business, Economy, Finance & Economics, Business News

4.41.2K Ratings

🗓️ 26 September 2017

⏱️ 14 minutes

🧾️ Download transcript

Summary

Adam Roberts, our European business correspondent, analyses how German companies have reacted to the return of the far-right in German politics.  Also, will London ban the ride-sharing company Uber and we get excited about some boring-sounding new rules for finance, MiFiD II.  Simon Long hosts.

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Transcript

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0:00.0

Hello I'm Simon Long, the finance editor at The Economist, and this is money talks.

0:09.2

Coming up this week, a storm in the London Uber car.

0:13.3

Sadiq Khan, the mayor, and Transfth London

0:15.9

don't want to completely ban Uber.

0:17.6

In an ideal world, they want to bring Uber back to the table

0:21.1

and force it to obey not only the letter but also the spirit of the law.

0:25.6

And the day of the Miffids, too.

0:27.9

It does actually have a pretty concrete impact on retail investors, which do add up to sort of real, you know, pence and pounds out of their pension

0:35.6

pots.

0:36.6

But first, nightmare win for Merkel was the headline in the German newspaper the built

0:44.6

after Angela Merkel's hollow victory in the general election on Sunday.

0:48.0

Her Conservative Christian Democrat and Social Democrat Alliance lost seats to the right-wing populist alternative

0:55.1

for Deutschland or alternative for Germany party.

0:58.5

The SPD have ruled out another coalition with Mrs Merkel, meaning she may turn to the liberals and

1:03.5

Greens in a rare three-way coalition. Adam Roberts, our European business

1:08.0

correspondent, is here to discuss what effect this might have on the markets and

1:11.6

on business.

1:13.7

Adam, let's start with AFD alternative for Germany.

1:18.6

First, entrance of an extreme right-wing party to Germany for more than five decades how's business reacting?

1:25.2

Well obviously people aren't in the business world aren't too happy about this

1:29.3

Germany's economy depends enormously on exports on trade with the rest of the world it

1:34.7

wants a very open trading system it hates the idea of protectionists or

...

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