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Money Talks from The Economist

Money talks: Unhappy EUnion

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 5 November 2019

⏱️ 26 minutes

🧾️ Download transcript

Summary

Opposition to the European Central Bank’s plans for quantitative easing has been split along North-South lines in the euro zone. But are these concerns justified? And, journalist and author Matthew Syed explains why thinking is more creative in organisations where the staff are diverse. Also, our Wall Street correspondent, Alice Fulwood, plays a round of poker with player and entrepreneur Bryn Kenney, who tops the world’s All-Time Money List. Simon Long hosts


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Transcript

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0:00.0

Are you receiving tax credits?

0:02.0

If so, this message is for you.

0:04.5

Tax credits are coming to an end,

0:06.3

and most people will be asked to apply for universal credits instead.

0:10.0

The Department for Work and Pensions is writing to Tax Credit claimants.

0:14.0

You won't be moved automatically, so look out for your letter explaining what you'll need to do and by when.

0:19.0

And there's also lots of support to help you make the move.

0:22.0

Get ready for your Universal Credit Switchover.

0:25.2

Search Understanding Universal Credit today.

0:28.2

Eligibility criteria apply. Hello and welcome to Money Talks on Economist Radio. I'm Simon Long, an editor here at The

0:41.8

Economist.

0:43.0

On today's show, how a diverse workforce can help companies

0:47.1

break out of their echo chamber.

0:49.4

We become more creative when we expose ourselves to more diverse influences.

0:56.0

And what does it take to be the world's best poker player?

1:00.0

Study a lot of watch what the other players are doing and yeah not expect that you're

1:06.6

going to go from zero to euro anytime soon. But first, relationship trouble is brewing between nations in the Eurozone.

1:22.1

The sovereign debt crisis that first struck the zone a decade

1:24.9

ago created tension between its northern and southern members. People in the northern countries,

1:30.8

like Germany and the Netherlands, felt they were bailing out

1:34.0

irresponsible southerners like the Greeks the Spaniards and the Portuguese and those

1:39.1

fears haven't gone away. Some Eurozone politicians want to stall plans for further banking and

...

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