4.4 • 4.9K Ratings
🗓️ 5 May 2020
⏱️ 26 minutes
🧾️ Download transcript
Germany’s constitutional court has given the European Central Bank an ultimatum. The ruling could prompt further challenges to both the EU’s economic recovery plan and the authority of its highest court. The pandemic is a moment of reckoning for America’s health-care industry; but could patients ultimately benefit? And host Patrick Lane gets a glimpse of the—contactless—office of the future.
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0:00.0 | If you want to teach your child online skills and have fun, try Google's Interline game. |
0:05.2 | It's an interactive adventure that shows kids how to make smarter decisions, |
0:09.2 | helping you find a healthier balance for your family online. |
0:12.8 | Search Google Interline today. |
0:22.6 | You're listening to Money Talks on Economist Radio. |
0:25.8 | I'm Patrick Lane, the economist's deputy digital editor. |
0:29.6 | And on today's show, the coronavirus pandemic is a moment of reckoning for America's healthcare industry. |
0:36.4 | If ever Americans had been given a real-life case, |
0:40.4 | why a universal healthcare system would be a good thing? This is the case. |
0:45.4 | And we take a glimpse into the contactless office of the future. |
0:51.4 | Using voice and facial recognition will become much more important. |
0:59.8 | But first, on Tuesday morning, the eight red robe judges of Germany's highest court |
1:09.4 | handed down a decision that may have far-reaching consequences across Europe. |
1:14.2 | My Damen Turn, in the time we do this, |
1:17.2 | in which our country's solidarity never has been proven, |
1:22.6 | will make today's decision to first be irritated. |
1:27.0 | Under today's ruling, the European Central Bank has three months |
1:30.6 | to justify the quantitative easing programme under which it has bought up over two trillion euros of public debt. |
1:38.6 | If the ECB can't do that, the court will order the German Central Bank, |
1:43.6 | the Bundesbank, to drop out of the programme. |
1:46.6 | It's a nuanced verdict on an argument that has been rumbling for years. |
1:50.6 | But it raises fundamental questions over the limits of the power of central banks |
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