peter exhibitors but again the writing was on the wall and i don't think they're going to disappear but they are going to change and danger going to streamline it will not be the same industry this is not a reboot this is ultimately rebuilt and that's what we're going to see i think over the next 5 to 10 years. hello again i'm fully back to go with the headlines on algis iraq over 1000 vaccinations are underway in russia despite questions about safety teachers doctors and social workers will be the 1st in line to get a domestically produced put back seen some western side this have raised concerns about russia's vaccine because it did not complete all the clinical trials before it was approved alexandra god is outside the fascination center in moscow with more we're in the center of moscow in front of a cleaning company behind me is one of the vaccination centers that opened today

there is in total 70 of them in moscow started working at this morning and it is receiving patients who had previously scheduled their appointment afford this vaccination we're talking about people who work in healthcare system education or in social security systems and they have to be younger than 60 and they have to be basically health is all suffering from no serious chronic old diseases more than 2500 people died from govan 1000 in the u.s. in the past 24 hours and they've been nearly a quarter of a 1000000 new cases the recent surge is prompting many areas to impose new regulations ethiopia says it's captured or killed most of the leaders of the embattled seagrave region as it tries to bring an end to the month long conflicts the e.u. says a deal to open access to humanitarian aid doesn't go far enough with some areas still out of reach us president of trump is pulling nearly all. merican troops out

of somalia in the next few months nearly 700 american soldiers are training and advising somali forces in the fight against al shabaab polls have opened in kuwait spawn i'm intrigued actions a record number of women are among the more than $300.00 candidates it comes as coates economy is reeling from falling oil prices and a coronavirus pandemic and the emir of kuwait says he's pleased with the progress of talks aimed at ending a blockade of qatar by neighboring countries the saudi foreign ministry says all the nations involved close to finalizing and it remained in argentina's senate has approved a bill to tax the super rich to help people people struggling because of 19 they're hoping to raise more than $3000000000.00 you're upset with headlines on al-jazeera coming up next year it's counting the cost. the american people have finally spoken america is isolated erika's off balance. more dangerous world is looking to

extrude sanderson. with the election behind us while the republican party don't try to take on the us politics and says that's the bottom line. they're given al this is counting the cost on al jazeera you look at the world of business and economics this week the end of austerity the ideology of collective punishment decimating the weakest in society for the economic mismanagement and crimes of the rich and powerful may be consigned to history. and while the international monetary fund warns of a rise in inequality due to the pandemic one leading charity says the lender of last resort is still dishing out loans that require the countries to hack back at public services. before politics despite u.s.

and european opposition germany pushes ahead with a gas pipeline that cements its dependence on russia but also increases germany's dominance of the rest of europe. on a country's finances are in a mess and the lender of last resort needs to step in a bailout comes with conditions mostly draconian austerity measures but governments have also been known to implement them for ideological reasons the international monetary fund has recognized that maybe austerity is not the best course of action and it can in fact make matters worse with pandemic the i.m.f. now says governments should spend spend spend and not worry about the finances until a recovery is embedded some would say the death of austerity should not be mourned why well let's take a look at a few case studies. from recent history under the i.m.f. european central bank and european union bail out greece had to take an axe to public spending the people of greece paid

a heavy price seeing an increase in child mortality its health care spending was slashed from almost 10 percent to 2008 to 8 percent in 2017 the troika had wanted spending to fall to 6 percent the unemployment rate remains shockingly high it 17 percent last year and the country has yet to pay off its debts 21 i.m.f. administered bailouts have done little to spark team is economy into life for the past 3 years the economy has been in recession and the pandemic will take another huge bite out of the country economy minister martin boozman has blamed the i.m.f. austerity measures for the credit crisis but argentina has managed to convince creditors to restructure $65000000000.00 of debt and is now in talks with the i.m.f. about its $44000000000.00 loan and after $141000000000.00 pounds bailout of the banks in 20082 years later prisons then finance minister george osborne introduced

austerity measures to reduce the budget deficit the result was debt almost doubled to $1.00 trillion dollars growth was anemic and the economy was $130000000000.00 smaller a decade later more than $4000000.00 children that's one in 4 lived in poverty and more than 1000000 people were forced to use food banks. now there is a caveat the end of austerity is mainly for advanced economies her control of their own currencies and can raise money and the i.m.f. believe such countries should be able to stabilize their finances by the middle of the decade well joining me now via skype from london is phillip blond a political thing can and you can theologian and director of think tank publica thank you for your time great to talk to you this is interesting advice isn't it from the i.m.f. the advice to spend to save lives and to keep the economy going but that is a huge change in contrast from the financial crisis in 2008 isn't it yeah it

reminds me of john ruskin's who's very strange most. critical. of the ones you say and he said there is no where out lines. i think that's true. the fundamental right of all the economy if you will is to allow life to flourish but if there is no there is no way out then what is the last hurrah your father's. choice is really saying the calling the old saying live have the wealth the country. thanks for trying to come to me all those that have best protected human life so when they need to come to asia bold it's not just a bill or a factory and countries like china japan south korea i well come from. and fro. with our every corner of the great wall this grand final

from the good side what i'm striking. is always to understand. the. 5 little developing. that should this you austerity as a response to the carotid artery that seems like a nice sensible is. the say and really what i think they should be doing and i suspect they all sankey creating problems to allow them to call if we need to spend as well because. investing is. creating this invitation for the people to stay not down which is the. approach. to preventing viral spread that we say. save the economy is something we're going

to talk to the interim director of oxfam international about a little later in the program but i want to come back to this advice for advanced economies at least to spend spend spend this is just mean that we're going to see an increase in debt and deficits which just 12 months ago would have been think about. well you know there are different ways you i think create stat mole if you are you a cut of a process all along the supply chain so you can just contract economists. call the fish if that truck things thing that say buy you know your back. creasing if you're the fabless to. confirm that and i think birds spending route is a good instructor so essentially keep things afloat because essentially color me already the states of gravity how i think about branding by. destroying the dome

and the experiences. ization to supply jags because essentially men step on to cronies have safety that so and that's they support people in jobs through expending that have to support people and for a while the system we know from over the mountains of abbott. people driving very very hard the longer they're in routes assistance the farms back into the labor market back evaporating called life support so that there's enough business cooperatives to bounce back as quickly as you found and i think i think back really imperative but if you offend your population should the laboratory are employed with sobriety that's essentially diminishes the possibility for recovery further down the road so in this in this sense i think you are actually

spending money to prevent races that maybe let's talk about the u.k. for a minute it was also introduced austerity for what critics to made with purely ideological reasons. to sort of shrink the state and cut public services now a decade on you know the number of people using food banks has risen to 1200000 according to the trussell trust i mean so what does that say is it just the vulnerable then who suffer what's interesting in a developed this is reference rate it's the only popularity of the trunk shall we say is the liberalism discovered in the west and well past so. essentially penalizes the work in boston that. how about the rising costs in the developing world so if you do a distribution. whose benefits of marriage from the last it's it's

there is in the way i think class it is about i think they settle on the same people are not actually the working classes in the west and haven't really benefited from global brands the soul and the balance of the many during times of stack and so forth so what they send me is we introduce a styrofoam. into a system where these people are highly vulnerable anyway after the only thing security is done with the theme of lies and you know you can tell americans are and i'm not a face this people are not stable the poor that all i'm back create the. conditions for populists and i think that was george osborne day to my all in the show actually it was very attractive because it priced in the british that.

very last time so we didn't anything like for exactly that or so on the sample but it went on too long it was articulate on the academic idea. for god i think that's a state the local state so all councils and all. public service ers same say they come to find they didn't have the bassman in them to enable them which i think is the shame by the writing a virus crisis status to attenuate that we'll have to leave it there thank you so much for your time there for that don't we preach it thank you. now while the i.m.f. says countries do not need to introduce austerity measures or any kind of belt tightening according to oxfam the majority of the loans extended by the lender during the pandemic will require some cuts to public spending and that could force some countries to cut public health care pensions and jobs such as doctors and

teaches over madrid vera joins me now via skype is the interim executive director for oxfam international we really appreciate time this things unfair right if you're an advanced economy and you're already doing ok you can spend spend spend the i.m.f. says it will be fine but if you're already struggling belt tightening will come and things could get worse. it will not work it will not work for the people i mean overseas or just found that 84 percent of the 91 i m f call it 19 loans and polish and in some cases you don't require countries to a lot top 70 measures in aftermath of the health crisis is a takes at least 767 lower middle income countries from that you have to 20 or 30 measures could include cuts public services including wage freezes cast of public sector workers like doctors and nurses it includes increases in value of the taxes

which apply to every day to look seeing food households to supervise and fall disproportionately on women and the poorest parts of the population thinking human terms i mean just when people think they can brief us or. somebody they could be losing their access to health care for themselves or their children or resing income support having over the last jobs so it doesn't work for the poor people for the most vulnerable people and for the poorest countries and the i.m.f. itself has been warning of rising inequality has been warning. of rising poverty that many countries are dependent on international investors for money right i mean how does that work that he's $2.00 sides off there of of the going on on the one side it seems like the is the i.m.f. just 2 faces research and sometimes executive. that director are saying the right things or 2 countries doing in terms of what they should be doing today i mean the

n.f.l. is saying a standard spend spend it has been calling for an inclusive real recall sounded the alarm bells on inequality peaking and saying that and then we were saying it's i mean the i.m.f. has strong research about that and yours awful stary we find when we command these these sort of research and analyses and then it comes the unethical practices and as you say i mean countries need money and they need even more money now because of their often their inks and the consequence and so when it comes to the county by county practices we are seeing that loans i mean is so far away from their works and the i.m.f. is very influential if they want to commission more requests into those laws and they will be how they asked soon are we begin to see the end of all of that and then he get will exacerbate they now find the across the world and who is we pay

that for us we have to see different ways i mean we have to honor this research on the consequences of the conclusions that you cause and we definitely countries need money now where should we call it should come from that cancellation during the pandemic prime's there is still too many countries that are paying more in to bet service than what for example we are spending in their health care it has come from 8 revenge bent of a commitments to their open seat 0.7 percent of the of the g.d.p. that is 50 years now of it and it's not there except for a few countries and the i.m.f. could do more i mean they could go further and block and block these way they harvest of issuing a special drawing rights form of global currency that can be pumped into the global economy in times of of me because i don't need now. i'm equally sure even $33.00 trillion of the special rights which all i.m.f.

member countries will be able to access without having to repay so there are ways of doing it that are not long's we conditions ok so that is what you think the i.m.f. could do what about the international community what about the private sector what should it be doing you know seeing in that signing if if you think about generally speaking about the international community they should be agreeing and going further in debt cancellation this is schemes they have done something but is not close to what should be should be done because they should include also that from or buying control from other movie that there are creditors and they should include also private sector i mean it's really outrageous that now precisely in. times i am but i would lenders have not been brought into any kind of these g. 20 deals for that cancellation as most of the governments have done so poor

countries are continuing to repay their debts to reach banks and hedge funds you know now. so you have this situation where some of the world's richest and biggest creditors and fortunes on their shareholders are cashing in checks when people in their distressed countries are lacking the basic public services health care right now is seriously ill should mean counseling all debt payments all rich countries would level institutions but also for private creditors like ok i've got time for one more i just want to bring this back to the reality of what this all means for people who are already struggling for naive and fanaa lee hoods right because people are going to be impacted by this. i mean all of our research also also shows how you got anyone 64 countries countries including kenya or pakistan or some where they were already spending more of on repayments

than in health care because the before the pandemic hit them or part of our research to find how far it's only 22 per cent of the global war at forest who has any kind of social protection in such as a seat leave or unemployment. protection even if it doesn't change the full. economic system and the writing is now taxed the wages what we will be seeing is that v. this time we are thinking that even 500000000 people could go into poverty because of the pandemic and its consequences it will be even the words so it has it needs a foolish if if we are thinking about the most. of our most impact that by the pandemic that such those that are not only using lives but their livelihoods to ok

will have lived there thank you so much for your time that instead of there there the interim executive director for oxfam international we appreciate it fast the pleasure. now can you dealing commercial deals from politics well that's what germany is hoping to do with the controversial nord stream pipeline that will bring in gas from russia to europe's biggest economy that's despite the latest sanctions from the united states that take aim at russian pipe playing vessel academic skate which is attempting to complete the last 147 kilometers of construction but then has already said it won't bow to u.s. pressure not to go ahead with the project despite making it more dependent on russia for the supply of energy which washington believes is a security threat even the poisoning of russian opposition leader alexina valley which many thought may be a reason for berlin to give up on the project has been brushed aside some of

germany's own neighbors have imposed their own sanctions poland find russia's state controlled gas giant gazprom 6500000000 euros for going ahead with the construction of the nord stream to pipeline without securing its approval. we're joining me now via skype from berlin is europe for a break europe is a senior fellow and director for central and eastern europe at the german marshall fund of the united states really good to talk to you so the u.s. keeps imposing sanctions poland has issued its own penalties i mean is there anything that would make change its mind when it comes to russia being such a great energy. i think we have to step back a little bit on this question because if you see the situation from germany. from the perspective of the german government and also german business then russia and previously soviet union have always been very reliable and the 2 party going back

almost half a century or so from that germany is receiving very rationally and pursuing a very strong energy partnership with with russia what the german debates tends to fade out however is that russia also moves this energy as a political weapon against its neighbors accounts of apartness and this is a point that's typically underestimated here in germany for as long as. the country and its debates decouples economic and energy questions from those political and security questions relating to russia. this decision to go for a strong partnership with russia is not going to be not going to be over of arson fortunately for today and this is what i struggle to understand is that the pipeline will be on the used to mean the existing pipeline has huge capacity which is already on the u.s. so what's this about is this about geopolitical troop well this is really in the

1st place geo political tool that russia voice you know the pipeline capacity that is in place is fully sufficient to provide europe with russian natural gas supplies to. russia over the last years has been relatively slots and there's no way that patient would be a massive growth in in volume so what we really have here is the diversification by russia of the pipeline that sparked the creation of redundancies that would then make it possible to shift volumes from one pipeline to another wherever russia wants to put pressure on specific transport transit countries such as ukraine so this is really a strategy of diversifying and expanding pipeline capacity in order to be able to use that for political pressure in the future there were some outside of germany who thought that the poisoning of opposition leader alexina valley may force the

chancellor angela merkel to change his thinking on this what is her account collation here do you think. there really was debates that started. in the summer here in germany whether or not in response to the poisoning of alec saying that our new best should be a phrase a poor perhaps even a council agent of the north stream to pipeline project there seemed to be quite some momentum there were many senior policymakers including from chancellor merkel's party who demand that this would be the appropriate response and even the chancellor at some stage herself seemed to indicate that this is not only a commercial project as she has maintained for many years but also one that has a strong pullets for that and now unfortunately the special has not gone and gone any further the momentum seems to have seemed to fade in the meantime and there's no indication at this stage that. the chancellor and her government. would take

measures against those projects what i can really only do is speculate here why this is why this is the case in my opinion germany is acting responsibly unilaterally in this context that basically rhetorical always stresses has to be a european approach to energy policy to energy security but when it comes to this particular project germany is clearly acting unilaterally and very selfishly selfishly in my opinion unfortunately bats impression is not has not on the way and it's not being biased by and by the german government any time soon 18 countries 18 european countries have opposed this project basically going as far as saying this increases germany's power in europe doesn't it well it does in the way because it shows that

a large and influential country like germany does get away with unilateral decisions even though gallants a an overwhelming majority of the partners who are opposed to this project. plus a number of countries like ukraine that's point themselves outside of the box but all very close european partners at the same time i think this project is also one but it's obviously with germany into a much stronger position as and the jihad in europe. would put that in the difference and i think his competitive position in european energy market so there are there are a number of aspects that will increase the german power and influence here but at the same time what this project in the minds is he says in this among europeans this project has a very stark divide between germany and especially central and eastern european partners in the european union and beyond and it will be very hard to mend the.

divide in the years to come if germany does not change on this on this controversial project ok thank you so much for your perspective your analysis from berlin your program thank you. and that is the house this week get in touch with us by tweeting me at can for them and to use the hashtag i j c d c when you do or drop us an e-mail kind of a call to al-jazeera don't know it is our address. but there's more for you online and al-jazeera dot com slash p.t.c. that will take you straight from page which as individual reporter links and time episodes for you catch up. and that is it for this edition of counting the cost some capital from the whole team thanks for joining us you're going al-jazeera is next.

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al jazeera. coming up in the next 60 minutes russia begins mass vaccinations against 19 despite global concerns about the speed with which it's being rolled out. ethiopia's prime minister faces criticism for his. crisis as aid agencies struggle to reach thousands displaced by violent. strikers to go on through the soul of the standoff against.