tv Counting the Cost Al Jazeera May 30, 2023 8:30am-9:01am AST
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to um, you know, so they think the reason why it is a civilian is a civilian is assigned to an academic and you need somebody with the skill and experience and the knowledge of how to operate, maintain, you know delicate equipment. and that can be done with people usually from military background. china easy is getting on board with his own independent missions to not just the crate is own space station, have you sign quite a bit of the space program will generally, but also to go back to the moon for future exploration purposes. exploitation perhaps of the resources including walter. interestingly, there has been mentioning in, if you look at homes around the 10 years from now, there's going to be taurus on the chinese space. thanks. and then by then who knows how large it will be because already the original configuration is complete, but they've just announced that going to be adding another major mode module to the chinese space station and across town. so 90 degrees to the plane of the current alignment of the chinese space sites and are going to put another big model in
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that's gonna have many talking pulse and you've adding to it. i mean, just like the international space station grew over long period of time, the current version of the trend is only about 24 percent of the size of the our success or assess. and so this is going to enable not chinese by striking to do more to carry out more experiments to have more crew on board to do new things. the this is that which is here and these are the top stories, the ssl hold on for the next. what peacekeepers have been injured during demonstrations by ethnic serbs and northern cost of i protest is i angry about if an account by any and officials taking office. so these presidents has binding costs of those prime minister for the escalation and violence. and of course, we want to keep them on know during the serbs and costs of a and i know how they feel and how difficult it is for them not to get into a conflict from 9 to not because on a friday, you know, because any of us are afraid was none of us personally had anything to lose now,
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but because that's what cookie wants most. it's probably a few minutes area insights 5 between the series and these. i mean, the power miller tree record support forces has been extended by 5 dies. residents have called to him for main trapped in their huns. as sporadic fighting continues. you cry and says, at least one person has been killed and another taken to hospital after rushes like this 2 strikes on cave. the military say that shot down more than 20 russian trojans. moscow has intensified strikes on the city during a red daytime attack on monday, people took shelter and metro stations. and most goes mrs. drones at several buildings in the russian capital. so. okay, so again and said stuff, cause minded damage with no serious injuries reported local media have reported the 4th of 10 drawings for shut down on tuesday morning. state media site. north korea will launches for us to balance as last in june. it's in response to recent joints
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drills between the us and south korea shown. yeah, it says the satellite allows for live monitoring of u. s. military activities. a large wild fi has prompted a state of emergency and halifax and canada's eastern province of nova scotia. that 18000 people had been forced to leave the huns dry conditions and strong winds offending the flags. but the headlines you can keep up to date with the old and use on the website. i'll just air adult calm then use continues here on al jazeera, after counting the cost, which is coming up next. a man who don't mean a to the reality politics for over 30 years. i'll just 0 will tells the extraordinary story of nobody else who's to buy to exile of the depth of to came a day while the king was reading. so the 1st to switch where it was tonight, who is prime minister, 40 times until he's lucky eventually run out. the rocky power broke out just 0.
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the hello i. my name's sight. this is counting the cost on al jazeera, your weekly look at the well, the business and economics this week, greece is economy. as we're covering off to a 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 games. also this week, while the nations pledge move in the team, surely and don't as an a to poor countries, but the amount was never paid. ok, spam is magic g 7 lead us to deliver the money they owe to the developing well own production costs, spice down the opec plus members take effect this month. but it rocks output is out
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of 20 months life. we spoke to the nations deputy prime minister the capital economic form. here in the nearly a decade ago, greece was bankrupt today. it's the economy is recovering off the years of all stairs. the measures greeks incomes being hits by the cost of living crisis basis, hands of the prime minister victory and national elections, partly because they credit him for that economic growth because he 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 sherry for reports. greek saucen government bonds. ronnie of the governing, new democracy, 41, the biggest share 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
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enough to secure a problem and to majority is consist of prime. mr. kids post mit. so talk is hopes the 2nd round will consolidate his parties because you have 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 volta changes, so that we can quickly cause the last ground separate to nothing from the rest of you come in to 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 average splits to continue tax cuts, 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 supported better. we believe he can do it as previous leaders didn't the pieces total. some industry is still covering from the economic fold out from the colon 19 pandemic, and wages on keeping pace, which flies in costs. it's one issue that the former prime minister look, see, see, 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 wind that's blowing in europe and the rest of the world, this ultra right and trump is and has come to grief. this is bad news. unfortunately, the election in june would be held onto the new news, which gives sabrina a bonus of 50 seats in parliament. both to turn off for the 1st round was 61
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percent. it most people cost the balance next month. the 2nd round could have a different result and the consumption of the for counting the cost 6. to discuss the old of this, i'm joined now from athens by tassels on us, the south seas. 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. there was strewn across every front page in the world, but they have managed to turn things around in the last 10 years. what are some other hook? this is a to thank you very much for the opportunity you the speaker is and now recently have last for all the right reasons. and as a matter of fact, greece is over performing the yours on after many years in terms of, of growth. having lost something like one quote there, if it's uh, did you be using this prizes and would be on
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a government rights having big. i think they presented with a couple of years ago at this the very and yet the grow, obviously i and the had to deal with each of these samples by the fund demik on the end of the crisis. however, it sat very well at a through glance. busy virginia be loss is a giving the funding because periods and now stands something like 4 percent above the brief on the 11th and terms of uh, the debate has been consistent beyond the performing the 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 these following. and as a matter of fact, all this was done. i made conditionals of a week. and then the primary fisco uh, surplus is so it seems that the grease is back on the my for on the right reasons. uh and i expect the vis we assume does not have been through. uh,
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our claim was the investment grades as well. so what is driving grace says economic growth, manage things. uh, 1st of all is that the massive amount has been plum volumes. it, it is in the biggest part, those, but not the stop exports have been growing. exports of goods as well as a service is 3rd, isn't because we're 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 drugs for funds. i have to remind all of us that greece is the highest recipients, all 5 funds from the resilience that are covered in front of the european union, as well as other stocks and use tax for funds. if the next 3 to 5 year, this will receive something like 90000000000 of sources, almost kind of focused as you be. and this is going to be instrumental. looked, ask in increasing investment la eleven's, but also in, in the ad,
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changing the growth by digging of the country and allow me dogs to. that's the 505 of the binding system, the greek by me system. and joyce base has the balance is very sounds that got the big but you're 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 expands 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 primary surplus. again, one of the earlier, which is an indication of that i believe being into a, in the eyes of the, of the market, which is crucial for 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 drug meet the challenges that see remains to be addressed, including uh, trying to reduce the guy back on the depth suit with cost increase, your joining the energy guys's at, at uh, periods of time. and again, investment, right, which i expect to lose hop. i'm in 2023 and increasing investment status better because uh the i, yeah, 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, and issues, and from loaded and government vision instruction on the farms. okay, you mentioned the energy crisis. the greeks have already had to deal with the human cost of a 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, the real economy, to do
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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's been increasing in the previous 3? yes. the minimum wage has been increased 3 times by insurance company increase. dr . uh but yes, but the on the other console types of meet about the there are still challenges. and for example, more than 6 percent of the unemployment rate concerns long term. and a lot of people from the gain sectors of the economy, the number of people address before this bill, if i have more than 10 percent of the population, if we believe a via pcl asset based accent that as decides inflation is increasing the cost of life and especially because of housing, so yes, that is the jump to be down 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 lift is one of the i e u countries. and it's not the problem of the case of the boss. but it's not just that is also a button for a substantial illusions, including containing the, of the cost of funding, not just for the public sector, which i said doesn't, that's 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 forward investments. as you know, many, many funds uh, have of studies in their, in their ability to invest in non investment. great congress and i think investment great we, we've had such funds with lumped them at orientation at the end of the country. again, really good to get your thoughts test off on us, the se, speaking to us that from athens group, chief economist from your bank, thank you. thank you. my pleasure.
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the g 7 countries can find on toll billions, to fight the war in 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 of some estimates. wealthy nations a pool. 4 let's move in the teen trillion dollars an unpaid aid 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 well the nation's to cancel that debt or expand has a g 7 lead us to massively increased funding to n fannan across the world. it says global hung his wisdom for 50 years in
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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 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 generate $900000000000.00 a year. will g 7 latest pledge move in $21000000000.00 to tackle the global humanitarian crises a 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. and 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's the developing the developed countries promised
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in 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 which again, it's the d 7 countries because 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'll get was doing read in terms of it's upward 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 a 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 t, taking this bonds review of the word. but it's essentially the point that a to, to the difference. what about that loss and damage fun 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 mean 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 stuff 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 creating the double standards where they can go 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 we've been doing 7 golf course and the image factors. and this is the money that could have been used in making investments in health innovation. just the point of being said, thinking more to completely john hall the door and moving company is so this clearly uh, to book receive that receipts. and at this juncture, we need to change that, that, that disclose to find a key at the g 7 this year, we actually saw some nations from the global styles sitting on the table. do you think these countries do enough to push their own agenda? i think it's important click knowledge that to bring
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a few on leaders from the non g 7 countries, large c s for 2 of our communities is not gonna shift the responsibility to 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 b c at this juncture, the party price is which is in terms of the full crisis. this is the. busy time get seeing now in last 5 years uh, hung up growing almost 200000000 people in this world sleep hungry. you have the fuel prices, you have to inflation and the cost of living crisis. you have the massive climate crisis and which, which is to me if i also, which to be fast as 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 centurylink oh, of for the line to the pockets of the super rich and the balloonist but addressing questions like try me. head on. 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? actually i think it's, it's, it's important for us to recognize that the ways need to be dex. i'm happy that song so but it's been says and i'll talk to more with but to the for just do just in the, the g 7 countries to person tax on the 1000000 dollars and 5 percent on 1000000000 us. you're getting 900000000000 us. 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 tax present in vitamins, talking about it. so i think that this momentum, this is a good night, there's a commission that's these levels of the quality of seeming the quantities of accept i, i think it's important on either of sam report again and again, points out at the up seen you need what 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, this is about been spending that money for climate action for public education, for public sales, for safety. 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
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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 and oil minister of the gun, a at the council economic for him here in dire ha about his nations output off. what's holding you back is committed to the agreement with all think you can export longitude 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 demand or production in iraq's could. histone region fell off to take a stop extracting oil from the region to hits j han force in march. the whole followed an arbitration bruning by the international chamber of commerce. the icpc is owed in tech a to pay $5.00 more than one point. $5000000000.00 in damages on authorized exports by the crudest on regional government between 201420185 the new product. to another case, after the passcode decisions, we had negotiations with the older brothers and the code, they should each of them. and it was agreed that an audit 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 each is on the 3rd because government was informed on the mesa as by the phone which operates that you'd like
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you to at this line, we think about our readiness through as you explore the brother's interview 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 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 triggered financial stress in those markets beyond 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 error 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 inputs or with more 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, i'm be 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 is one of the consequences.
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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 and 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 running fine in the whole team. thanks for joining us. denise on al jazeera, coming up next the wherever there are people. there are stories, stories that must be shared. award winning filmmakers from around the world,
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presenting tales of true life. witness on a jersey to reviewing the headlines, dissecting what they say, exposing how the media is used to shake the piece. the one in the back there that never seems to make a difference is it's on through. it never happened. the listening post, you're going to the media on out just the era, approve or reject the most progressive constitution ever proposed for any nation in the history. yes or no. shooting. voted no. the big picture us was a question that goes into the very foundation of judy until the cost of its relationship with the indigenous people in the midst of 2 parts. one on the jersey, the.
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