the sufferings and then we are talking about the 5 rounds of wars and in gaza over the last 17 years during then palestinians last around $27000.00 civilians and most of them women and children have always seen the reasons behind this rounds when it was, was that the political horizon was blocked in order to find a solution for the palestinian cause. the solution which is the palestinian state on the 4th of june 1967 board side to side with men's real estate. and we said that this public opinion state will be dissolved with guarantees through having need to all united nations american forces, or eric forces, or whatever to guarantee security for both standing by that, that's why talking about reviving to track of the 2 state solution is not what really is desired after what we witness because it has the thumb boy for 30 years. and we need to think differently by recognizing that palestinians stayed by the international community, accepting it in the united nation, which i believe will reflect the responsibility and seriousness by the

international community and those who care about the beast. and now we're really cutting them out in hundreds in here. okay. health workers in london, i've been taking part in the vigil. some colleagues have been killed during the conflict and gaza sonia diego has been there. this is the vigil outside, doubting st. paul medics and human rights have done outside the downing street because of the way off to the well how organizations don't care. my, you said, a 178 on health care facility in the golf street, which it resulted in more than 550 people dying. and that includes that of 22 healthcare workers yourself. the fact that $249.00 health care, our kids are being killed includes at least 50 positions, $77.00. this is paramedics. be that people are trying to look up to other people and actually pass to them. and they understand the sites. do you have nice all the

metrics now the hoping that the humanitarian polls will eventually become a permanent ceasefire. there are tremendous worries that this is a monetary and crisis that dawson will not be able to recover from. and it will have long last thing effect on the people back on that it may not be able to fully recover from this funny the out is 01, this is fine. maybe holding in gaza for the moment, but is really forces have been continuing to kind of have rains in the okay, fine westbank. these images, it shows security forces and the old city of novelists earlier on friday to young palestinian mountain, but arrested in a separate operation of the town west of hebron is really ami a rest. it's 13 palestinians, the coverage of the water and gas that is going to continue and i'll just do the officer causing the costs. the

unique perspective, i think being costing is a huge part of my identity voices. you don't often hear. i almost forgot how my life used to be before the english and the gaza strip. start to connect with our community and talking to conversations, you will find elsewhere, brand new episodes of the stream on how to 0, the kind of era and the spelling of your pain. this is counting the cost on al jazeera . you know, we can look at the wealth of business and economics this week is what was more on does that have the police said that the israeli workforce and forced businesses to close? can the economy withstand a prolonged conflict?

hopefully this week, garza is repeatedly plunged into darkness despite the wealth of oil and natural gas supplies. just office guys find post origin tina's new president is a far, i've libertarian economist. how do you emulate propose as controversial solutions to his nation's economic crisis? the $200000000000.00 and resolves and billions and american military aid. israel started it's. we're on garza with deep pockets. spending is skyrocketing, revenue is a forwarding and borrowing costs are increasing. the central bank says the will has proven to be more costly than initially estimated in many outlets to expect the economic and impact will be unlike anything that israel has experienced in decades . and as this will drives on, the expense is one of the new mount is ready, businesses bearing the bronze more than 760000 does rallies, that's nearly 18 percent of the workforce have either been relocated from their

homes or cold up as minute fear resolve this not shortage is affecting the tech industry which accounts for nearly 20 percent. the as well as g d, p, and almost hoff avoidance exports. a study by the central bureau of statistics shows that $1.00 and $3.00 companies that's been surveyed has either closed or is operating at the lower capacity. more than half of them reported revenue losses of 50 percent who many construction projects also ground to a halt when israel cancelled when penance for thousands of palestinians following the last attack on october. the 7th fish and vegetable harvest rotting in the fields. many ty, workers who make up the largest share of the agricultural workforce, fled israel when this will began. israel central bank, it says the shortage of work is costing the economy more than $600000000.00 a week. the government is spending billions to fund it's offensive and gaza payers of the salaries and compensate businesses. that's also pushing strain on the budget

. israel has now borrowed more than $8000000000.00 since this will began. its budget deficit has ballooned to to $6000000000.00. credit basing agencies have also one of the down grays, or there are also fish at the war and dos that could escalation spread across the region. who's the fighters and yeah, and then have hijacked to ship owned to find his way, the businessman and the southern red sea. the galaxy leader was on route from 2 key to india is route has condemned its capture as an act. as a rang and terrorism says, notice where these were on board. tyrone has been denying involvement. the incident, the could have implications for vessels passing through those busy shipping late instead of the middle east as well. joining us now from london, his aisle when said he is the soul of his wife, professor of economics, of the hebrew university of jerusalem. and also a professor of economics at lancaster university in the u. k. professor, thank you so much for joining us today on counting the costs. and it's now the queue for happy with me. thanks. thank you for being with us. well,

it's been now over a month and a half since this will began. and if we look at some of the numbers up to 360000 reserve as could be pulled up. i mean, just that is something like what? 8 percent of the what falls, 200000 people are already now solving. can you talk us through the impacts that we've seen so far on, on businesses and the economy more broadly? now the situation is not good, but i would say it's not as prim as you described it. indeed, a war is very costly, both in terms of human life and in terms of matter, in terms of economics. and the, the, the war is expected to cost is right. and economy something like about the $200.00 b and check with that's the estimate for the entire event for the entire war. uh, this is not the major. this is not the a major part which is red g d p. it is very, very costly,

but it's for us to have guns as guns, full separate practices, few in the last decades. so one people, one was probably the course. mm hm. and the other one was the crisis, the 2008 crisis in both prices to east. right. it was very resilient, okay. emerge from this crisis is from both practices better than other countries in europe. of course, it all depends how long the war is going to continue once it ends and we hope it will end soon. and there is some sort of long term settlement. the is why the economy would revive it so very, very quickly, activities. ok, i'm the resilience because one of the things that has really busted these really economy in the past has been the text and 6 to and, and now we're seeing so many resolve this to been pulled up, particularly young productive mendez who's been working in the tech sector,

so that's taking a massive here's how resilience is the economy going to be when, when one of its most resilient industries has taken such a huge knock? yeah. ok says that's true. that's true. i mean, many, many of the people reservation found out recipes are now gradually, uh, being released. i mean, it, it, it turned out that more of them were cold than needed. okay. and the release, so fragile piece is taking the, the input call the economy bits, okay. uh there also attempts to um, replace those recipes. we have a uh, uh, usually students don't work in the high tech industry. now, is it 2 or more frequently? they, they take over a temporarily job with other high tech workers that are in the army. if they are involved in the army, and so there is some sort of a mechanism there are

a lot of volunteer. you mentioned the agricultural sector. mm hm. and did some of the workers done with support and workers have a, have gone back to their, to their home countries. but there is a very uh, uh, robust system that has been built or fall in tears that, uh, people from the age of 17, through the age of, for 85. i know people at the age of 85 that went down to uh uh, 2 fields it. yeah, because uh, to help buy to uh, a good culture in the agriculture to farmers that the professor let me ask you about the, the estimates of the overall cost of the war. because as you said yourself, you're not obviously is predicated on the will ending and doing so within a relatively short period of time. nothing yahoo in the world cabinets have said that they are bracing for a long while. they've told israel to brace for

a long will, so i'm wondering how we can make any kind of an estimate about how much space is we're going to cost. when firstly, we don't know how long we're going to move tenure. and so let me just throw one more figure out to so it's at the moment costing an estimate of $270000000.00 a day. so this could balloon out very, very quickly that that, that could loan several feet several feet. this being the, he's been keeping us as a support by the us. the don't forget, i can tell you the, the estimate my mind made by the, uh, finance office and these rooms uh, an estimate the built on the assumption that the uh, the wall with less like several months up to one year. mm. and the overall uh, the overall estimate was uh, 200000000000 check. oh, it's a lot of money. but that's something that the, the when, when again, when,

when the war ends and recovery, uh, recovery starts. and we will, we will hope that it will and uh, with some reconstruction in gaza as the people's suffer, deluxe, the start, the still suffer. and they need to be reconstructed in gaza. uh eh, is right. and what i believe be willing to contribute with its expertise. and with the, with this knowledge in this reconstruction, once the game ends on recovery starts. uh, i believe they quoted me. uh, so they put them on. so this is, this is all about if and when it ends in a relatively short period of time is we don't know that we don't to move on to a. and i do want to ask you about invest a perception here because that's what you see. a huge part of this investor confidence has already taken a hit. it took ahead also during the traditional reform protests that we sold ongoing now. so you can even big ahead with the war. how does that work when it

comes to recovery? so i think uh, uh, invest or i see things on defense. okay. um, obviously high tech companies uh, experience more difficulties in pressing money then in the past. uh, but uh it, it depends about how the global economy and the high tech industry will look like at the end of the war. uh, when investors put the money aside. uh, uh, the waiting for it to see what uh, what happens. the news read me if the war is not going to take so long. uh they'll come back and say, oh sorry, presumably it will, it will be impacted by, by the perceptions of israel as well and how it's conducted itself and, and it's future of to the will within the global community, we will leave it there for now. professor i a winter, the silvers wife, progressive economics of the hebrew university. thank you for joining us. thank you

. bye. well, gaza is now in complete darkness. so most of the time and communications blackouts are frequent. we know live saving machines have been out of service. hospitals have been forced to shop the doors as well cut off fuel food water and posing a total blockade on the already besieged strip on october. the 7th cause the depends on goods that come from will pass through israel despite its proximity to a wealth of fossil fuel resides. but palestinians can't access these resources because they're controlled by his ram. well, in 2019 the united nations conference on trade and development of tad release, the following statement. the occupied posting entire treat lies above sizable reservoirs of oil and natural gas wealth in york you pied westbank and the mediterranean coast of the goal is to strip mental and to say however, occupation continues to prevent palestinians from developing the energy fields to

benefit from such assets to loans, not full gas field, garza marine was discovered nearly 30 kilometers off the coast of gaza back in 1999 . now it's estimated to hold more than $28000000000.00 cubic nieces of gas. that's more than palestinians need opening up the possibility of exports. boss, israel control the strips of shores as since it imposed the brocade on garza in 2007. a field has never been developed. well, joining us now from the house on that. hello. he's a direct to the middle east and north africa region at global council at policy advisory fund. and thank you for being with us on al jazeera today. i'm just beginning with gauze in marine. i understand there was some kind of preliminary approval given by israel to develop. it's somewhat earlier this. yes. why hasn't not happened ahead of this war a well look at see is really going to do the quite a clear yes to the bottom and all these fields in june of this year prior to the

war and prior to the recent approval, the trouble is really to restructure restrictions and fears that are already generated from the field with the flow of the offers of us us and authority and the name on us to conduct the sort of activities and the cost for a tax. it has recently launched against is one of the above because far to try apartments, investment to mobilize international energy companies to develop the field in a region and a small table that has been assigned to for better staging, more since 2006. so it's a combination of a political instability and israel's a termination to pete the field from being excellent around you for the sure. but on that, it's not just cause a marine. we're talking about right there. all of the natural resources there. all, i believe, natural gas resources in the basement to the side of the resources is

all parties of the next easy to convention on the law of the seas. it has an exclusive economic zone that has been developing doesn't recognize of the uh, the confidential shop of the boss deals are huge. under the also, of course and has been developing the resources in the sermon training to develop its own hydrocarbons. after the re field decided to deal with is as he said, 30000000 cubic meters, and people here and the gas put it into the grass scheme of israel's tomarco. the 2nd largest field has 300000000 cubic meters. so it's less than a one of the 10s of both of israel, 2nd largest field. the field is all right. the refill want to can be

enough to supply his electricity in policy and as long as activities in the west bank for 50 years. um, which would be significant for uh, the security advisor, which as you guys are indicated, has been taking the huge loss from the reason for that and, and before as well on that i'm wondering about whether or not causing maureen could potentially help with the current conflict in terms of trying to find some kind of resolution, we were hearing very recently from emma hochstein, the us special presidential coordinator for global infrastructure and introduce security. very long title. but he's been saying that these actual gas resolves, could, potentially, because they, they could be used to to power garza and that they could be a source of, of energy independence of how the students in a post for the future does not help with, with any kinds of conversations that are happening right now about the current conflict, the short term because investors are going to be confident that there will

be a zone will be saved enough to do to develop that there will be a further explanation in the region even instrumental you wants to mental torque saving the occasion deal between the israel last year and or you earlier this year, excuse me. and he's, he's hoping to look at as a model for uh, the escalation between israel and that. but that's something that will take time because there are fundamentals in this company that need to be resolved before before gas can be looked at as a bridge between the 2. parties on that hello, the practice direct to the middle east and north africa region of global council. thank you so much for joining us on counting the cost the on the far right, economist javier malay often wielded a chain. so on the campaign trail in argentina,

it symbolizes plans to cut government spending. now the new president is being tossed with steering the nation as one of its west economic crises in history. government covers an empty inflation has ballooned. mil it has been promising, drastic reforms bots, critics liking him to donald trump and describe the form of television personality as a madman. sent him out of hand reports a decisive victory for a man promising change for argentina. have you any late, strong stance against corruption, capture the imagination of our continued struggling with the high cost of living? he won the presidency with almost 55 percent of the vote. is sort of an official who knows me the majority of the know something deals opening today brings it into this idea that the state is shared among politicians and their friends today brings an end to this vision that the perpetrators are the victims. and the victims are the perpetrators. today we re take the past that made this country great. or today

we embrace the ideas of libertarian is the most thousands took to the streets of the capital to celebrate and delays victory. he's promised to destroy the central bank and dollar. why is the economy it bit to get inflation under control? the perfect, he said everything we need to do here. an honest guy who comes to put a foot and work above all 6. so what's going to be legs and let's move forward. let's go argentina. but there are many people, human rights groups and labor unions who are afraid that me like gender goes far beyond economic reforms. you know, as promised a referendum on whether to scale back abortion rights. he also wants to relax gun controls and oppose tougher. austerity measures. a, as in victor sewell, i think it's sad my chest hurts because this country is for everyone. and these people have no management, have no love for their neighbor, and it's hurt. it hurts a lot. they have hate and we have love. and we wanted a country for everybody. argentina's lurk from one economic crisis to the next for

years. that's why the electorate are willing to take a chance on outside are like me, like he's promised a radical agenda, but with many opponents in congress. the question now is whether he'll be able to carry it out fits motivated for counting the cost. well, let's take a closer look at some of those that grin economic data. argentina's annual limitations sold to a 143 percent in october. so the highest in the world. the currency has the valued sharply save as ditching the pace or foreign currency reserves also near the lowest since 2006. the central bank says the economy is on track to shrink to percent this year. they've won a recession, is likely and full in 10 argentinians. meanwhile, live in poverty, depending on soup kitchens as they can't afford to buy basic food items. argentina is also the international monetary funds launch us desa. katia is more than $14000000000.00 while to discuss or that i'm joined by humana. blanca,

she's the senior director chief. i must, and head of america is there assist maple across the global risk intelligence company. she joins me now from been on the dana in spain. thank you for being with us. you man us. and i'm just going to stop by all. so you is anything a tool going well when it comes to us tina's economy? well i think the not at the moment, but there's a lot of potential and then i think that's where the lay is going to attempt to tap in for the recovery. one of the key problems that origin tina has and the top challenge for him is to restore investor confidence to urgency. that does not lock economic sectors in which for an investors can you can pay attention or, or go into. so whether we're talking about oil and gas, metals, and mining the agree business or even the tech industry, argentina has a lot to offer. but you know, the key problem is the macro economic situation that you have described,

which includes currency capital controls that make it very difficult for international companies to operate and to reply to a dividend, see if they generate them in the country. so well, in terms of millions policies, you said that he could benefit from, from a recovery. he has some pushing drastic proposals about, about how to move forward. does his victory indicate the people in argentina supports his policies, and that's why they version 4. well, i think there's 2 parts to that answer and the 1st part is origin signs were really exhausted about the current economic situation, which, you know, has been building up for a decade at least, if not longer. and they really saw the current economic model as exhausted and something that they just couldn't continue. so, on the one hand, i think, you know, the election of malay is this much a rejection of what could have been with in terms of a continuation of the current administration versus

a full support of the mulay agenda. i think he has much broader support when it comes to his economic agenda, but much less so when it comes to the so show agend that, that the piece was previously talking about in terms of some of his more conservative social policy. well, let me ask you about one of his economic policies, then he is planning on potentially daughter rising. the economy will, will, this may be a fairly costly exercise. will that help? will that fix things a very long road to dollarization and something that may le, himself has recognized. um, you know, i'm going to state the obvious here, but to dollar rice you need dollars. and as we just stated argentine that doesn't have them. whether it's, it's in reserves or coming in as foreign direct investment even flows. so, you know, he'll need to fix other parts of the economy 1st before he can think about implementing

dollar a station. and then once we get to the point, let's assume he does get to that stage where he's, you know, restored a fiscal responsibility, where he's removed all the currency and capital controls. then he'll also need to think about how we did it is implemented. there's different types of dollar, i say sion out there. i think you know, as an initial stage it won't be a complete replacement of the currency, although that is his goal. but to do that and assuming he does manage to do that, you do need the fiscal responsibility going forward. and that is one of the long pending challenges for argentina. so i think, you know, tolerate station was a great campaign slogan. now when it comes to implemented, it will take years if not decades, to get to the stage where you can do that responsibly. so we'll need to wait and see what happens in the,

in between period human. you mention the fiscal responsibility several times that now i know he's, he's promised to cut the government spending very drastically on this to i believe also to abolish the central bank. but these will require congressional supports. will he be able to get that political support in a, in order to be able to push this economic agenda? well, i think as the question is, it will depend on, on the topic we're talking about, right? so reducing the bulky state in argentina is something he's more likely to be able to build consensus, surround with sentries parties. because we have to recognize malays position in congress and both chambers is a minority position. and he will rely on the more centrist parties to get that support, i think on, on cutting down on the size of the state. that will be a comparatively easier task than say, under eliminating the central bank. and again,

eliminating the central bank is something that would need to be linked to dollar i sation. so i think again, this is not a, a policy that he's likely to seek on day one of his administration on the 11th of december. whereas the reducing the size of the state is and that again is something that ards and tina not only has to do because it needs to reorganize the macro economic situation. it's something it needs to do if it is going to renegotiate, it's that both with private bondholders and with the map, both of which are also pending homework for the incoming administration, humana blanco. the recess director and head of america is risk insights of various maple cross. thanks for joining us again on counting the costs 2 minutes. thank you for having me. all that is our story for this week. there get in touch with us on ex, formerly known as course on. i'm out in the stalls here. take to use the hash tag, a ctc. when you do or talk with an e mail counseling, the costs at al jazeera dot net is our address. there's also always more for you

online and i will do 0 dot com slash ctc. that'll take you straight to a page which has individual reports, links and imply episodes, huge cap cellphone closet. so this edition of counting the cost associated paying from the whole team. thanks for joining us. the news on, on tuesday, right, is next. the latest news as it breaks the environment, government is now getting 1500000 registered and document that i want to leave the country with detailed coverage. saying how big the silence any move from around the world. this isn't just about any meetings or rubbish and it's about a long term shift. and so i'm not school both kind of glee active and the dangerous phase, the minutes, the world slow down, we stand for as homes,

with kids of global nichols reserves. indonesia is forced to leave the global easy battery industries. we definitely manage our abundant resources and play a role in solar energy. harnessing offerings, 75 percent of global carbon credits essential, committed by mental protection and has the investment climate digital licensing, your better tomorrow, the palestinian prisoners re united with their families. 139 women and children are freed from his baby jails under a ceasefire. reached between israel and the .