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Money Talks from The Economist

Money talks: Vorsprung durch Angst

Money Talks from The Economist

The Economist

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

4.41.2K Ratings

🗓️ 4 July 2017

⏱️ 16 minutes

🧾️ Download transcript

Summary

Germany is admired for a stable economy and holding on to blue-collar jobs but derided for its persistent trade surpluses. Our economics editor John O’Sullivan examines what Chancellor Merkel’s government might do next. Also, how “total immersion” could drive the masses to virtual reality. And why banks are de-risking to avoid penalties. Hosted by Simon Long.

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Transcript

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0:00.0

You know that guy I've been seeing?

0:02.0

Yeah.

0:03.0

Turns out my sister's been seeing him too.

0:05.0

Oh, really?

0:06.0

And I heard he's been seeing Kelly at number 56.

0:09.0

And Dave?

0:11.0

Your brother?

0:12.0

Yep.

0:13.5

Speck savers opticians and audiologists own their stores,

0:17.0

so your care is their business,

0:19.5

which can make them rather popular. I've got something to tell you. I've got half an hour with

0:25.5

him this afternoon. Spexavers, and this is Money Talks.

0:40.0

Later in the programme, Virtual reality and how the latest technology might drive its mass adoption.

0:47.0

VR will depend very heavily on 3D graphics, which is what the gaming industry and gaming developers have been doing for a very long time.

0:54.0

And why banks are dropping customers in countries deemed risky.

0:57.0

Last year alone in certain regions like the Caribbean, the number of correspondent relationships fell by around 10% or more. It's a serious

1:05.3

problem that shows no signs of abating.

1:07.2

But to start we head to Germany. It seems an enviable economic success story, stable,

1:16.5

prosperous and with unemployment far lower than in other rich countries. But it has its

1:21.7

critics, notably of course President Donald Trump, who will soon be on his

1:26.2

way there for the G20 summit later this week.

1:29.6

He's not the only one to chastise Germany for its persistent high trade surpluses, leading to a current

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