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tv   Counting the Cost  Al Jazeera  May 27, 2023 12:30pm-1:00pm AST

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is put in an effort to protect all defense so that history isn't incorrect or incomplete. with the talitha ends return to power in 2021, there was worry about further looting or destruction, but the group vowed to protect afghanistan's cultural heritage. test settled and the lady could, um, really as a for these and national values and it is our responsibility to protect them. and the ministry of culture has this special responsibility at all. customs in apple it's, we have security teams to prevent smuggling of all the facts. last year we stopped more than a 1000 historical loc dfcs that were being smuggled. we arrested them and brought them to call to close, been handed over the fox to the national museum. once at the museum, most heaps of that and his team continue their work to carefully preserved afghanistan's past. sometimes rebuilding a shard by shard, and though they don't have the funding or the proper facilities to work to the standard, they like the persevere titles museum is
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a place of resilience doing what it can to hold up until next generations of ask ends with the history of where they came from, alexandra buyers, algebra the this is down to 0 and these are the top stories, the sell to keys presidential contenders and making the final touches ahead of sundays run on selection incumbents for each of type at $11.00, the 1st round and will face the opposition liter, kamala, coached early i, some of the bar has more on the challenges glitched earlier is facing. and the run off against president edward. and he has asked people to vote for him promising is that he's going to bring more freedoms, more democracy into to t and a promise to fix the economy. now the 1st round came as a massive setback for him. so he is trading, doesn't play. it adds on with somehow like 2200000 votes, and he so a 6 talk it
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a rise of the i'll try not to notice. if he's going to tell the alternative to another is he's going to lose the votes of the coast and vice versa. the you an invoice who sudan won't be allowed back in the country, according to foreign ministry sources. really, as the leader of the requested the default and the purpose should be replaced, accusing him of bias. the un secretary general has expressed shock and re offend his full confidence in the special representative. the us has condemned the actions of costs of us government accusing it of escalating tensions in the north. they criticized the use of force against protest. this will rallying against the election of if an account by any means and majority, so it'd be in the areas neighboring sylvia has put its army on high list. you as president joe biden says, a deal to result. the governments did crisis seems close. the white house and republican party negotiated say that made progress and told to raise the debt limit
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for a fear of the 2 years. the treasury says governments could run out of money by june . the 5th one is living on most renowned museums has reopened to after being restored to its former glory, the cyst oak museum was damaged and that they were pulled explosion. nearly 3 years ago, it was only 800 maces from the size of the bloss. more than half of the building had been damaged was the headlines as it was a website l just here, a dot com has the lightest on all the top stories causing the cost is up next. examining the headlines for you here and what are we seeing today? it's about at the moment. i'll just the rest fits the stage, black music due to the exploration of the black, social, cultural, and spiritual condition, giving voice to the voice less. now we know the importance just place down most of the most important place, the word season. well, from
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a different perspective on mount is era. the hello i, my name's side. this is counting the cost on al jazeera, your weekly look at the world, a business and economics. this week, greece is economy is recovering all the decade. long debt crisis, the nation's prime minister, has been credited to the growth. but all as people reaping the benefits of its financial gains full service week. while the nations pledge move in the team, surely and dollars in a to poor countries, but the amount was never paid. ok, spam is judging g 7 leaders to live in the money they owe to the developing well on production costs, spice down the opec plus members to take effect this month by rocks. output is out
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of 20 months life. we spoke to the nations deputy prime minister at the capital economic form. here in the nearly a decade ago, greece was bankrupt today. it's the economy is recovering, bought off the years of all stare and see measures greeks incomes they've been hit by the cost of living crisis. they just handed the prime minister of victory and national elections partly because the credit him for that economic growth to the echo submit to attack is, has rejected, forming a coalition government. he's cooled for a 2nd vote in june. when he hopes to win a majority, who may consume sharif reports, greek stuff and government bones rallied up to the governing new democracy. 41, the biggest share of the food in national elections. finishing 20 percentage points ahead of the commuters contend the left being sued as
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a policy for the vin wasn't enough to secure a problem and to majority consist of problem mr. cost. mit so talk his hopes. the 2nd round we consolidate his parties. victory. you're going to get all those levels the dynamics of the cell to mold and clear citizens want a strong government with the full year and monday to meet with these boulder changes so that we can quickly caught the last ground. separate testing from the rest of your comments to talk, this was elected in 2019 promising business of the integer phones during his administration. unemployment and inflation have fallen, and this year growth has projected to be double of that of the european union average splits to continue tax scots increase investment, create jobs, and sort of raise wages. what happens can the last year and a tree next and that came 57 lives in february dented the farm this this 10 year.
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despite that, he seems to have many voters backing is or may how are we hope for better days, especially in the private sector. and we hope to talk is will support it better. we believe he can do it as previous leaders, didn't. the gcis tons of industry is still recovering from the economic phone off from the cold, with 19 pandemic, and wages on keeping pace, which flies in cost. it's one issue that the former prime minister, lexi supers hopes to capitalize on the 1st year every year. instead of improving things are getting worse, things are expensive. every day, things are getting out of control. it's enough to make you afraid to go to the supermarket. you're listening to the debate, even though it seems this when that's blowing in europe and the rest of the world is ultra right and trump is and has come to grief. this is bad news. unfortunately, the election in june would be held onto a new loan, which gives sabrina
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a bonus of 50 seats in parliament. both to turn off for the 1st round was 61 percent. it most people cost the balance next month. the 2nd round could have a different result and the consumption of the counting, the cost. it's to discuss the old of this. i'm joined now from athens by tassels on us. the south will sees the group chief economist on the deputy general manager at 0 bank grace. thank you for joining the program. it doesn't feel that long ago. so it does it that greece has debt crisis on it's economic problems that was strewn across every front page. in the world, but they have managed to turn things around in the last 10 years. what does the mother hug? this is very true. thank you very much for the opportunity you. the speaker is and now recently capitalized for all the right reasons. and as a matter of fact, greece is over performing the yo zone after many years in terms of i of growth. having lost something like one quote there. if it's uh, did you be using the dis,
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prizes? and would be on a goodman rides, having big. i think 8 percent, but couple of years ago at this those ready year to grow, obviously. uh and uh on the how to deal with the challenge this apple is by the fund demik ideas of crisis. however, it's had very well at a, through the claims. busy virginia be loss is a giving the funding because it is and that sounds something like 4 percent above the paper on the 11th in terms of due to be, has been consistent, being able to perform a, the european union in terms of a girl. as i said, the unemployment has to be escalated from 28 to 11 percent. the pleasure leg i write these following. and as a matter of fact, all this was done. i'm in the conditions of a week at the the primary fisco, uh, surplus. so it seems that the grease is back on the my for on the right, the originals and i expect the vis we assume does not have been to
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reclaim of the investment. great as well. so what is driving grease as economic growth? manage things. a 1st of all is that the massive amount has been plum volumes of it is in a bigger sideboard does, but not desktop exports have been growing exports of goods as well as surfaces. 3rd isn't because we are getting the direct on a numbers of 2019 been so far, i months and revenue and the doubles that i will have of the fact or also the use drops for funds. i have to remind all of us the grease is the highest recipients, all 5 funds from the uh, zeros that would cover the final of the european union, as well as other stocks and use tax for phones. if the next 3 to 5 year, this will receive something like 90000000000 over sources. almost comical, just visited by to be instrumental. looked us in increasing investment la 11th,
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but also in, in the ad. changing the growth of digging of the country and along with dogs. so that's the fact that all 5 of the binding system of the great by new system and joyce base has a, uh balance is very sounds that got the question right. just kind of in brewer its uh, another farming uh exposure. i refuse to do that. i have um uh, liquidity and so forth. uh gross mit. so tack is came to power in 2019 and he promised to bring back grease is lost. children answering car is small businesses. has he done that? do i love the expense that have been the success is given. as i said, the growth has return to the country. unemployment has been the escalating. uh, probably, uh, the, probably my surplus. again, one of the earlier which is an indication of the not really being into a, in the eyes of the, of the market. woodson pad is crucial or attracting a f, b i and investment the in the, in general. and therefore progress has to be made. having said that,
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we have the luxury, the challenge is that still remains to be addressed, including uh, trying to reduce the cost of the account. that's it was because increased your joining the energy guys's at, at the periods of day, again, investment, right, which i expect to lose hop. i'm him 23 and increasing investment status better because of the i, the capital stock reduction of the previous years is yet to be uh, better plans. all these to my point of view will require and, and issues, and from loaded and government based on a structural reforms. okay, you mentioned the energy crisis. the greeks have already had to deal with the human cost of the debt crisis, which was immense. then of course, now there was the cost of living crisis, but many people in, during all the games that we're seeing in the numbers on greeks economy and growth actually being filtered down to the real people,
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the real economy deluxe expense. yes. given that there's a set of employment has been following, so more people found found jobs, disposable incomes cost been increasing in the, in the previous 3 years, the minimum wage has been increased 3 times specials. going to be an increased dr. uh above yes. but the on the other funds will have to have made about the speech. all of this, i have for example, more than 6 percent of the unemployment rate concerns long term unemployed people from the gain sectors of the economy. the number of people are the risk of poverty still, if i have more than 10 percent of the population, if we believe via pcl as a boost accent, that as decides inflation is increasing the cost of life and especially because of housing. so yes, that is the jump to be done. there it talks about race, most likely getting packets, investment grade status. why is that significant? less expense? yeah, it is a semantics. i mean, it is a kind of a gesture that we,
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we approve the grease is buckner my lives while i'm of the i. e. u congress. and it's not the problem of the case of the boss. but it's not just that, it's also a button for a substantial illusions, including containing the uh, the cost of finding no, just for the public sector, which i said doesn't need that much given the power of the structural above the cost for the private sector. and on top of that is about attracting and more uh, more capital for investments. as you know many uh many funds uh, have of studies in their, in their ability to invest in non investment. great congress. and i think the best them great we, we've had such funds with lumped them at orientation the end of the country again, really good to get your thoughts tests us on us. the staff are speaking to us that from athens group, chief economist from your bank. thank you. thank you,
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my pleasure. the g 7 countries can find on toll billions to fight the war and ukraine, but comp provide off of what's needed for the most critical humanitarian crises. these are the words of the british charity aux from, as it accuses the group of 7 largest economies of failing the global south aux from estimates wealthy nations a pool. 4 move in the teen trillion dollars in unpaid age, needed desperately for the development on climate action. and it's called on them to pay that do. the char see is also criticize g, 7 nations banks for demanding the global south countries. re pay the $232000000.00 a day in loans through til 2028. and it was wilting nations to cancel that debt. or expand has a g 7 lead us to massively increased funding to
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n fannan across the world. it says global hung his wisdom for 50 years in a row with moving 258000000 people across 58 countries. currently acutely hungry. it's demanding that wealthy nations meet the pledge of a $100000000000.00 annually to help pool countries fight climate change. the charge he says carbon emissions from rich nations have caused $8.00 trillion dollars in losses and damage to low and middle income countries. oaks bomb is pushing for a tax on wealthy people and corporations. it estimates for the wealth tax. so g $7000000.00 as in billing as could generate $900000000000.00 a year. will g 7 latest pledge move in 21000000000 dollars to tackle the global humanitarian crises of best stomach last week? the u. n. has appealed for nearly $55000000000.00. they also aimed to secure up to $600000000000.00 in financing. the infrastructure projects in developing nations 8
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organizations have expressed disappointment with the outcome from new delhi. joining me now is i'm gonna talk about how the interim executive direct that expand international. thank you so much for joining the program. so i'm, it's up how have you come up with this? 13 trillion dollar figure out? can you give us a breakdown? so i, i think it's important to acknowledge that it is really the g 7, which was a depth to the uh, the low and middle income country. that's not the other way down to bay off in the negative is that uh there is a big price is the southern countries or the g 7 countries. so it's really the rate on and i think we need to ship that gays and start understanding that it's the g 7, which was i did to the southern countries. and we've come up with this figure out how to deem point future again by looking at essentially to bump on this one. a is the on page 8 that the developing the countries promised in
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1970. and the problem is 17 percent of fancy. and i did not even be half of it so, so that's why i'm confident in the 2nd, which is almost a $17.00 could you and usd, which is essentially about the damages caused by the carbon emissions. and for each again, it's the d 7 countries which are responsible and very often, but the vast ation of the climate crisis is friend uh by the southern. so when it comes to climate aid to developing nations, which rich country is what you say, all the west culprits really talking about g 7 at the moment. i think the in that we're looking at is extreme. you so you don't care was doing read in terms of it's or do yet, but it slipped dramatically now. germany instead of doing well, but if it's now already announced god's us is absolutely no compared to that. does japan extreme? none of them are doing with so at this juncture,
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it's really about triggered lisay, their responsibility and, and we must screening call, obviously focusing where it seems as if they're doing chatted, keep taking this bonds, review of the word, but it's essentially the point i did a to to the what about that last and damage fun which was established at cop $27.00? is that a positive step? oh, it is absolutely a positive step. the step is positive, but what we need to see is that is this district arctic really does. he didn't get the billions of dollars that needed to have a form like this be factor. and it's also important to see how the metabolism is going to be worked out. so at this moment, we mean he is, he is not just indent, but free of action to back back up the annual reports. you make comparisons to ukraine and accuse g 7 nation. so if and i quote, he had deadly double standards. why do you think these double standards exist?
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these are, you know, this bit s, as i already said, these are clearly double standards, but they're talking off. there's a global responsibility. and then you're looking at one thing, get the payment of 40 most on 13 billions on a daily basis for the next 5 years between essentially what the building 7 golf course and the factors. and this is the money that could have been used in making investments in health innovation, just the point of being save drinking water, which was completely john's home, the unmoved comp entries. so this clearly uh, people could see that receipt and at this juncture we need to change that, that, that disclose fund of a key at the g 7 this year we actually saw some nations from the global style sitting on the table. do you think these countries do enough to push their own agenda? i think it's important to acknowledge that to bring
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a few on leaders from the non g 7 countries launch, the asked for 2 of our communities is not gonna shift the responsibility. it is about the g 7 taking responsibility for, for what they're responsible for. and it is like what we've talked of. the funny crime says that we see at this juncture, the party guy says, which is in terms of the phone. guy says this is the. busy time get seen now in last 5 years hung up going almost 300000000 people in this world sleep hungry. if you have the fuel prices, you'll have to inflation in the cost of living crisis. you have the massive climate crisis and which, which is to me if i also, which to be fast sized also something impacting, developed countries, not just poor countries. absolutely it is. and then the best bet i think we need to ship the gifts that this is really not about continuing with an economic system. we
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do have a centurylink oh, of for the line to the pockets of the super rich and the millionaires. but addressing questions like crime, it had all i know, one of your ideas is taxing. the rich a wealth tax and the popularity of, of this idea has grown in many countries over the course of the pen demik. do you think this is the solution in, in helping developing nations and actually, i think it's, it's, it's important for us to recognize that the, with the need to be dex. i'm happy that song so, but it's themselves and i'll talk more of more with. but if we just do just in the, the g 7 countries to person tax on the 1000000 dollars and 5 percent on, on the billing that's usually ah, gets $900.00 the usb. and, and this, as you've said, is i would say of going momentum. you will have know whether it's in columbia,
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spain, norway, where you're not already looking at a risk tags, president vitamins talking about it. so i think that this momentum, this is a good night if there is a commission that these levels of any quality of seen any quantities of except i, i think it's important on either of sam report again and again, points out at the op, seen, you need what it be and how it's going we need to was so see that in the last 25 years, this is the 1st time when you are seeing extreme was an extreme fall would be a growth together. so this is about bringing more money into bits. the government, this is about been spending that money for crime induction for public education for public sales, for safety net. so for a better future, good to talk to on the top, they ha, the in term executive director. looks fun international. thank you. thank you to
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the world's biggest oil producing nations, surprise markets when they're announced plans to come to oil production. again, starting this month. the supply issues with then compounded by delays in nigeria and oil shipments on a hold to some of the rocks exports. we spoke to the rocky deputy prime minister in oil, minnesota, and they've gone a at the council economic for him here in de la about his nations output around your act is committed to the agreement with all thank you and i can export logic quantities. then what is being exported now and that i can produce more quantities of oil compared to what it produces now. but eric is committed to reducing production to keep the unity of all thank, you know, is committed to reducing production in 2 stages. the 1st of which stopped the last december to produce $200000.00 buttons of all you per day. the 2nd comes this month where there is another reduction according to the agreement. so as to preserve,
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that's the ability of the global markets to well production in iraq's crudest on region fell off to take a stump, extracting oil from the region to hits j on ports in march. the hold followed an arbitration building by the international chamber of commerce. the icpc is owed in tech a to pay $5.00 more than $1500000000.00 in damages on authorized exports by the crudest on regional government between 20142018. by the father to another case, after the passcode decisions, we had negotiations with the older brothers in the condition, each of them. and it was agreed that an all your marketing company, which is substitute you need to the federal ministry, would handle the regions accrued or the export for contracts have been signed with the company to settle that ages on. that the government was informed on the may fence by the firm which operates that you'd like you to at this line about our
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readiness to as you explore through the brothers and took you informed us, that some inspections on the pipeline system are being made to ensure safety and suitability after the recent past weeks, we are still waiting for the find the response of the to the discovery to among the topics discussed at the form was the future of economic growth in imagining economies. the shop rise in interest rates, particularly in the us, is often for good financial stress in those markets. they are messed as many countries have proven resilience to the tightening monastery policies. we discuss that with the co founder and managing director of the global council. the air of free money, which is coming to an end in the west and in the developed world, is clearly having a knock on effect in the emerging markets. some of them are weathering that store better than often those that have a strong domestic economy to have a decent export platform. have been able to whether it assumes others relying more
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on impulse or with no french, all domestic economies of clearly being impacted. how are they doing that? you'll see at the moment you have gone to recently successfully. we negotiated that, that provision that the i met and you have other countries lies. ambia repeating the same process for 2 years. how are they able to get through that with some difficult food price? inflation principally has had a major effect in sub saharan. i forgot the most recent i met study suggests that g d, p re in real terms, will be impacted by about 4 percent down. because of the increase include inflation, which is ranging between 3040 percent. the reasons for that are a combination of the energy price shelf because of the war and ukraine, but also the increase in labor costs, which is obviously being folded and folded into food prices. following the end of the pens and making the way in which the world has come back to normal,
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one of the consequences household budgets of being squeezed. you have a significant pressures on the domestic economy. and in some areas, you not have major politically stability and change the global slow down which we sold during the pandemic. and then to some extent, has been exacerbated by the war in ukraine, is going to take a long time to ease out the system. you're going to have to see interest rates rising as a result of some of these challenges. and you're going to see a significant impact on domestic household economies. you're going to see savings come on to pressure. the long term consequences of this will, that you will see restructuring, and in the, in those relevant economies, you will see a potentially increase and i'm unemployment, which you're already seeing in some markets, new economies and new industries with the most. but it will take time um that is also for this week get in touch with us by switching me at money in site to use the hash tag a j see to see when you do or of course, can drop us an
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e mail account and the costs that out is there at dot net is addressed on this move for you online at al jazeera dot com slash ctc. that will take you straight to our page, which has individual reports, links, an entire episode. it's easy to catch up on that is it for this edition account, take the costs. i'm mulling site and the whole team, thanks for joining us. denise on al jazeera coming up next the terry davies and the kimberly in western australia or indigenous communities,
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attaining it with sciences to create a new approach to marine conservation land rover even. but the fear i found you on your reporting from bridgeview is you're going to try. it's protecting by the adversity pro, defending themselves against the legal invaders, the price on elders 0. when the news breaks, devices like these, as you can imagine being used in the way across the front line when people need to be heard. and the story needs to be told. it was always very hard for me to find a job because i come from a very poor neighborhood with exclusive interviews and we're back from the heart. and this is our balance era has teams on the ground next to bring you more award winning document trees and life news.

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