became the 1st double amputee to time it was in may. so he says about to this change very, very, it would be very, very important. now this mountain is for the sine these to explore ours and we ever are working in planet attendance, but also for experiencing about the climate change. ever since tending ne schafer, an edmund, hillary climate at risk. that's when it's financial growth in mountaineering and tourism in the policy. it's an important source of revenue for the government as income for local communities. now this growing concern, the climate change, william pumps the industrial and the people who rely on this tend think to get your boss studies how increasing temperatures impacts know full and glacier melts in the head to crush them all that lots of the water in the wall is stored in the former places. and so once this i successfully repeat the way, the amount of what that that's available in the near future would be starting degrees. and the one maybe more than nearly 2000000000 people that depend on the

mentor the from these resources people living in the mountain are especially vulnerable melting, alicia's trigger flash floods affecting the communities down the street. i taught the time, there's not enough rate. those who rely on everest for their livelihoods, and survival, say climate change is threatening both, probably at the blue a to 0 got on to the it's good to have you with us. hello adrian for the going here though, all the headlines on i was a 0 explosions. been heard in saddam's capital hours before a week on the ceasefire. set to expire. humanitarian agencies. so the fighting must stop, so the aide can reach millions of people in need. i'll just give us, have them open as an on demand, they have a capital, she says both sides blame each other for the violations to when numerous asked whiteside taking place over the past week during the period of the ceasefire.

that's a violation of the cease fire agreement. heavy artillery use was also a violation and that has happened by the rapids support forces and the terms of the agreement itself opening. how many, terry inquiry doors, the casing hospitals for people to be able to access medical facilities, fixing power plants and lots of plans for people to be able to get basic services. all of that has not been achieved over the past 7 days, so it's not clear if they will be another extension by the 2 sides. tension is growing between ethnic subs, investment count bands, and the town is which on, in northern comfortable subs. angry about the election of albanian mass and the predominant lisa region subs blank content. the april poll. talk is presidents. friendship type, other one has been re elected for us. so tom, after beating opposition lead to come out, can i start all the other $11.00 more than 52 percent of the vote in sundays went off, but the more explosions in ukraine's capital off to new air raid warnings sounded

over the city earlier. the ministry that said that it's shut down more than 60 russian drones and cruise marseilles, on monday night. the case against him present hong kong publish a jimmy lies that go ahead that's off to a court rejected his request to terminate the trial by his being prosecuted under the territories national security law could face life in prison if convicted that one was an accident. 2020 as part of the track down 5 badging and those but headlines one used to be on i was a 0 off the counting the cost next. as i care about helping us engages with the rest of the world, i cover foreign policy, national security. this is a political em. how, here's the conflict. are we telling the good story? we're really interested in taking you in to a place that you might not visit otherwise. it's actually feel as if you were there, [000:00:00;00]

the hello i. my name's side. this is counting the cost on al jazeera, your weekly look at the world of business and economics. this week, greece is economy is we're covering all the decade long. that 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. well, the nations pledge move in the team trillion dollars in a to poor countries, but the amount was never paid. ok, spam is magic g 7 leaders to live in the money they owe to the developing world on production costs by selling the opec plus members to take effect this month by rocks. output is add a 20 month life. we spoke to the nations deputy prime minister the council on 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 sara c measures. greeks incomes have been hits by the cost of living crisis bases, hands of the prime minister, victory and national elections. partly because a credit him for that economic growth because he echo submit the 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 sherry for reports to greet stops and government bones. why lead up to the governing? new democracy? 41. the big issue of the boat in national elections, finishing 20 percentage points ahead of the commuters contend the left wing citizen party for the vin wasn't enough to secure

a problem and the majority consist of problem mr. kids post mit. so talk is hopes, the 2nd round will 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 a full year in monday to meet with these volta changes so that we can quickly caught the last ground, separate to ness and from the rest of you come in with the talk is, was elected in 2019 promising business oriented to phones during his administration, unemployment and inflation have fallen. and this year, growth is projected to be double of that of the european union advocates. he's splits to continue tax cuts, increase investment, create jobs, and sort of raise wages of what happens kind of last year and the tween next than the claim. 57 lives in february dented, the prime ministers tenea. despite that, he seems to have many voters backing a freezer may 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 covering from the economic fold out from the cold, with 19 pandemic and wages on keeping pace with rise in cost. it's one issue that the former prime minister, lexi c, please hopes to capitalize on your 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 a bonus of 50 seats in parliament. both to turn off for the 1st round was 61

percent. more people cost the ballots next month. the 2nd round could have a different result, and the consumption of the counting, the cost us 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 is 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 motherhood visit? very true. thank you very much for the opportunity you the speaker is. and now bruce only 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, prizes? and would be on a government rights having big. i think they presented a couple of years ago at this, those ready to get to grow,

obviously. uh and uh on the had to deal with each of these samples by the fund demik ideas of crisis. however, it sat very well at a through glance. busy virginia be loss is a giving the funding because periods and that sounds something like 4 percent above the brief on the 11th in terms of uh, the debate has been consistent beyond performing the european union in terms of a girl. as i said, the unemployment has the escalated from the 28th to the 11 percent. the pleasure lady, i write the following, and as a matter of fact, all this was done, i'm in the conditions of a week. and then the primary fisco surplus is 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

reclaim of the investment great as well. so what is driving grease as economic growth manage things? uh, 1st of all is that the massive amount has been plum volumes is in the biggest airport, those, but not the stop experts have been growing. exports of goods as well as a service is 3rd, is cars 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 they fucked or off of the us structured or funds. i have to remind our viewers, the grease is the highest recipients, all 5 funds from the uh, zeros that are covered, 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 as you be. and this is going to be instrumental. looked us in increasing investment la eleven's, but also in, in the ad, changing the growth by digging off the country and along with dogs. so that's the

505 of the binding system, the greek by new system. and joyce base has the balance is very, how's the got the question, right? it's just kind of improved. it's the farming exposure arrest, use and be the cause of liquidity and so forth. a growth mit, so attack is came to power in 2019 and he promised to bring back grease is lost children and to encourage small businesses. has he done that to a lot of experience that have been the success is a given. as i said, the growth has return to the country. unemployment has been the escalating uh probably uh, the primary 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, which is crucial for attracting a f, b i and investment in the, in general. and therefore progress has to be made. having said that,

we've had the luxury, the challenge is that c remains to be addressed including uh, trying to reduce the cost of the account. that's it was cost increase your joining the energy guys's at periods of time. and again, investment, right, which i expect to lose hop him. him 23 and increasing investment status better because uh the i at the got the stuff reduction of the previous years is yet to be a bit of plans. all these to my point of view will require and i'm visuals and from loaded i'm going to visual instruction on the farms. 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 gains that we're seeing in the numbers on greeks economy and growth actually being filtered down to the real people, the real economy to do a lot of expense. yes, given that there's a set of employment has been following,

so more people found found jobs, disposable income. scott been increasing in the, in the previous 3 years, the minimum wage has been increased 3 times specials. going to be an increase. dr. uh above yes, but the on the other concept will have to have made about that aspect challenges. for example, more than 6 percent of the unemployment reg, concerns long term unemployed people from the gang 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 a via pcl asset based accent that as decided, inflation is increasing the cost of life and especially the cost 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? let's extend it. this semantics. i mean, it is a kind of a gesture that we,

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 is also a button for based a 1000 reasons, 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, the cost for the private sector and on top of that is about attracting and more uh, more capital for the investments. as you know, many, many funds. uh, have all of these 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 long term orientation at the end of the country. again, really good to get your thoughts tests us on us. the staff are speaking to us back from athens group chief economist from your bank. thank you. i, i thank you. 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, if the british cherokee aux from as that a keys is the group of 7 largest economies of failing the global south oaks from estimates wealthy nations, a pool. once moving the teen trillion dollars an unpaid aid needed desperately for the development climate action. and it's called on them to pay the do. the char see is also criticized g 7 nations and thanks for demanding the global south countries . re pay the $232000000.00 a day in loans through till 2028. and it was, will say, nations to cancel that debt or expand has a g 7 lead us to massively increased funding and funding across the world. it says global hung his wisdom for 50 years in

a row with moving 258000000 people across 58 countries. currently acute me hungry. it's demanding that wealthy nations meet the pledge of a $100000000000.00 annually to help poor countries fight climate change. the charge he says carbon emissions from rich nations have caused a point. 7 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 that the wealth tax will g $7000000.00 as in billing, as could generates $900000000000.00 a year. which is 7 latest pledge move in $21000000000.00 to tackle the global humanitarian crises a fest summit last week. the u. n. has appealed for nearly $55000000000.00. they also aimed to secure up to $600000000000.00 in financing for infrastructure projects. in developing nations, 8 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 setting, 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 rate on debate. often the negative is that uh there is a debt crisis, 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 this. i've been countries and we've gone up with this figure out how to deem point futures again by looking at essentially to bump on this one a is the on page 8. that's the developing the countries promised in 1970. and the problem is 17 percent of fancy and i,

and there's not going to be half of it. so, so that's one component in the 2nd, which is almost a point 7 could in usd, which is essentially about the damages caused by the carbon emissions. and 4 beach 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 that in that we're looking at extreme you so you'll get was doing read in terms of it's upward yet, but it slipped dramatically now. germany instead of doing well, but it's, it's now already announced god's us is absolutely all come back to that. is japan extreme. none of them are doing with so at this juncture, it's really about triggered nice think their responsibility and, and we must screening call,

obviously focusing where it seems as if they're doing strategy, taking this cons review of the word. but it's essentially the point that a to, to the left because what about that last and damage fund which was established at cop $27.00? is that a positive step? oh, it's absolutely a positive step. the step is positive, but what we need to see is that is this district arctic really does. you'd engage the billions of dollars that are needed to have a form like this be effective. and it's also important to see how the metabolism is going to be worked out. so at this moment, we need v is the not just indent, but for your 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? these are, you know, this bit s, as i already said,

these are creating the double standards, where they're talking off their global responsibility. and then you're looking at one thing did the payment of 40 most on 13 billions on a daily basis for the next 5 years between essentially both of the g 7 golf course and the dish factors. and this is the money that could have been used in making investments in health, innovation generation for the same drinking water, which was completely john's home. the unmoved company is so this clearly uh, to book receive that receipts. and at this juncture, we need to change that, that, that disclose. find the key at the g 7 this. yeah, 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 a few on leaders from the non g 7 countries,

large c s 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 have talked up. the funny crime says that we see at this juncture the funding crisis, which is in terms of the full crisis. this is the. busy time get seeing now in last 5 years uh, hung up going almost 300000000 people in this world sleep hungry. you have the fuel prices, you'll have to inflation in the cost of living crisis. you have the massive climate crisis, 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 shift the gifts that this is really not about continuing with an economic system. we do have a centurylink on of,

for the line to the pockets of this will be rich and the next. but addressing questions like crime, it had all i know, one of your ideas is texting 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 some 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 you're getting $900.00 b u. s. d and, and this, as you've said, is i would say of going momentum. you will have know whether it's in columbia, spain, norway, where you're not already looking at a risk tax visit in vitamins,

talking about it. so i think that this moment jump is a good night. there's the commission that these levels of unique quantity of seem unique quantities, unacceptable. and i, i think it's important on how to assign report again and again, points out at the up seen you need, would it be and how it's going. we need to also see that in the last 25 years. this is the 1st time when you are seeing extreme was an extreme bowl would be a grow together. so this is about bringing more money into bits. the government's, this is about been spending that money for climate action for public education, for public sales, for safety keyboard. that's hope for the best, the future. good to talk to on the top. they ha, the interim executive director, expand international. thank you. thank you to the world's biggest oil producing nations, surprise markets when they're announced plans to cost 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 and oil minister and the gun a at the council economic for him here in de la about his nations output off. what, how old is your act? is committed to the agreement with the optic. you can export longitude quantities, then what is being exposed to now and that i can produce more quantities of oil compared to what it produces now. but yeah, is committed to reducing production to keep the unity of all thank you know, that is committed to reducing production in 2 stages. the 1st of which stopped in 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 the best. the ability of the global markets of all production in

iraq's crudest on regions fell off to take a stop extracting oil from the region to hits j han force. in march. the hold followed an arbitration burning 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 201420185 the new product to another good after the passcode decisions we had negotiations with the older browsers and the code, they should 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 has been signed with the company to settle that agents on the 3rd because government was informed on the may fence by the firm which operates that you'd like you to at this line about our readiness to as you explore through the brother's interview,

informed us that some inspections or 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 discussion. 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 trick and financial stress in those markets. the mess says 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 error of free money, which is coming to an end in the west and then and in the developed world, is clearly having a knock on effect in the emerging markets. some of them are weathering that story 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 on impulse or with most

franchise domestic economies of clearly being impacted. how are they doing that? you'll see the moment you have gone to recently successfully. we negotiated that, that revision of the i, man. and you have other countries lies ambia for being in 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 reason 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 34 percent. the reasons for that are a combination of the energy price self because of the war and ukraine. but also the increase in labor costs, which is obviously being folded and folded into food prices of following the engine depends on making the way in which the world has come back to normal. 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 political in stability and change the global slow down which we sold during the pandemic. and then to some extent, has been exacerbated but 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 potential 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 and that is uh, so for this week get in touch with us by switching me and my leading site to use the hash tag a j. see, to see when you do or call us can drop us an e mail account and the costs that out is there at dot net is address on this multi

online i out. is there a dot com slash see to see that will take you straight to our page, which has individual reports, links, and in time episode, speed to catch up on that event. so this edition accounts like the costs, i'm running fine in the whole team. thanks for joining us, denise on al jazeera, coming up next. the understand the differences and similarities of cultures across the world. so now my to, when you call home, we'll put you, you're going to use and car and fast, but match it to you. wherever there are people, there are stories,

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