tv Business - News Deutsche Welle March 30, 2022 12:15pm-12:31pm CEST
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your friend proposes. it's a neutrality in exchange for security guarantees from various countries. that's it from me, you're up to date and don't go away off next robots as the business. don't forget, you can always keep up to date on a website. that's d, w l f, as in berlin community. thanks for watching someone else to to see the highlights of selected for you. you every week in your a box. subscribe now. devastated houses of to how we can william austin. cars carried money, effects of climate change. i mean, felt worldwide before a station in the rain forest continued, carbon dioxide emissions have risen again. young people all over the world are committed to climate protection. what impact will
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because change doesn't happen on its own. make up your own mind. d. w. late for mines. mm mm. ah, germany activates it's emergency gas plan. as russia insists, europe pays for its gas in rubles, berlin is preparing for the possibility of moscow shutting off the taps as the you looked and liquefied natural gas to solve its reliance on russian energy. we look at how spain and portugal set profit does economists predict inflation in germany will top 6 percent this year. we'll look at the impact the war on ukraine is
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already having on shoppers. this is d to be a business on robots in berlin. welcome to the program. germany is minister for economic affairs. robert hardback has warned that germany is preparing for a complete stop of russian gas deliveries. it comes on the eve of a deadline for germany to begin paying for russian gas in rubles, something is refusing to do how that said that there were currently no supply bottlenecks. but he said germany was implementing step one. it's 3 stage emergency plan. how back or so stressed both private and industrial consumers and needed to do more to limit their consumption in the coming months on this, i've been speaking to monica schnitzer from the german council of economic experts . i asked her if this was a sign, the german government is genuinely concerned that russia could stop supplying its natural gas. i mean this a, so the possibility that we definitely need to prepare a fall that has raised in particularly after the onset of the wall, that such
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a situation might arise and, and therefore, this is exactly the step that the government needs to do. now we need to prepare because so we cannot control what's happening on the russian side. first question is if this is step one, step 2 and 3 could ultimately be coming. but should we expect steps 2 and 3 though the ramping off of the severity of this? this is really a political situation that is extremely difficult to predict on. so, in the ends are, we need to prepare. so that, so in the event of an increasing on a crisis and in the event, often shortage off supplies of a stop to supplies, we can deal with it. but on, at this point, it's really a political situation that is very hard to evaluate. perhaps this will spur
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companies on households to start to prepare it, what sort of ways in which cam companies factories and people prepare for what could be to come. so it's really important that everybody prepares and the best possible way for households. that would mean really think about how to reduce or energy consumption that can start so by reducing heat, it can go on by reducing driving, lowering the speed with it. sure, tribe sharing cars when you go to work, these kind of rush us are definitely possible at the level of the industry. also precautions should be taken and 2 ways to substitute for instance, gas far should be considered ways of energy saving. also by, for instance, using digital methods to control the energy or use or can have to lower the
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consumption. so every step that helps to reduce energy consumption will be a way for which to prepare ourselves. if less is to come in, this comes at a time when germany houses are already battling with rising inflation. your organization has just published its forecast for the german economy. should germans be preparing for tough a time where we are already experience a tougher time that was due to the amik runway of free hats in winter that was due to the shortage of supply. and now with the rise of energy prices, things have been even more plague. so we have actually reduced our forecast. we expected to last year that this year would be a real uptick in the economy. now we think that the uptake will be only by 1.8 percent for g d p. and this means are only 2 at the end of the year. or we will
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actually be back to the level that we had free pandemic. so if anything was, is to come, so if that say we really have a stop in energy supplies from russia, then the situation would be even worse. ok, monica schnitzer from me. german council of economic experts. thank you very much for joining us on t to we business at leisure. more on the state of the german economy coming up. but the specter of a sudden stop in gas supplies from russia has driven leaders across the u to search for the sources. kita, breaking its dependence on russian gas is likely to be liquefied natural gas from the united states. one region that sets to profit from yours pivots to ellen. gee, the iberian peninsula facilities like this one in barcelona, could play a key role in breaking europe's dependency on russian natural gas. there are some
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of the oldest plans in the block for processing liquefied natural gas. and soon enough, they could be handling new supplies of elegy from the united states. as long as they stand out that are jointly the 6 plants in spain and 40 percent of the total capacity in continental europe. assuming that the notes that people having this kind of infrastructure in a gas system adds flexibility and reinforces the supply compared with systems in other european countries, them of which have a total dependency on physical infrastructure such as pipeline sophistic gospel actually bought a bottle. the u. s. has announced it will boost its ellen g shipments to the ear by 15000000000 cubic meters this year with further supply increases on the way it's a step in the right direction. but pivoting the use energy mixed to the west is a mammoth task. it's not going to be easy, that's for sure and the you has a plan at the re power. you went to important how we combine our efforts in the
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sense of how each country's work together in relating to these new suppliers, for example. and that teamwork will be critical if the e was to reach its goal of completely phasing out russian gas deliveries by the end of the decade. rising gas prices are behind one of the biggest challenges facing japanese economy inflation. the german council of economic experts latest forecast includes a prediction and inflation will top 6 percent this year. as more than double it's previous estimate. the war and ukraine is making many goods, boss, gas, and shoppers can't help and noticed the difference. no more. sunflower, oil, germans, are panic, buying groceries as supplies of some products, dwindled due to the worn ukraine. raw materials are missing, supply chains are breaking down. hundreds of supermarket items are becoming more expensive. but sienna cleaner than i'm on a small pension, and you really have to wash and look at everything. now law, which wears off i, where i used to just throw it in the cart without even looking. now i have to look
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because i feel my wallet lycos asap out, have been holding groceries. my so to be on his are for the embassy cluster. i find it weird that people are starting to warm food. although she leaves submitted prices for essential input like fertilizer for farming are going up. farmer phillips kind of thing pays 4 times more for fertilizer than he did a year ago. many farmers can no longer afford it. harvests are set to be less productive. weed prices have already doubled amid swans, all one pi prices right now, it's an nice, but if cost continues to skyrocket, then we also need to cover costs or to be near the same level as $1.00 or 2 years ago. he was on be fine. sway on the price of diesel has doubled to kind brings tractors and machines used $30000.00 leaders per year. energy prices are volatile, making them difficult to predict one wrong decision and farmers can be ruined. the only hide has got as early certainty as very high right now and making the right
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decisions a challenge. it's when's the right time to sell when the right on to buy? you can easy miscalculation back. come on the notary off. know for cock leon kind clings neighbor, yona shrugs, and ne hope also a farmer sees and other problem having cash doesn't help if you can't buy most essential products. but about of it, it's not possible that for to lesson in particular, difficult to obtain con evelyn who has in pre ordered them, is having problems right now. lemme no fertilizer from ukraine and russia. the warehouses at the bicycle in dealer in mac books are almost empty. candle y'all's rebate may well be that one or 2 farmers will come away empty handed this here, yells good. and so prices are likely to rise even further. but hoarding food is not necessary. this supermarket manager insists as gift vocally cannuck. there really is enough or we could supply every one off of hog should ask yourself when you're shopping, if you really need the sunflower oil now,
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or if you still have enough. and if i need something as always one bottle is enough . after we'd only compound the problem, if you'll start hoarding again, who's done the priced by ro will hit low income or lose the hardest veil. have to be even more careful about what goes into the shopping cart, and what does it away from europe. now, answer lanka has asked the international monetary fund for a bailout to help with its ballooning foreign debt is now running at around $51000000000.00. the country is unable to pay for madison food and other basic necessities and its citizens are paying a heavy priced people waiting in queue that start before dawn. that's what citizens now expect when purchasing essentials like gas and cooking. busy fuel in this line, for kerosene, many have stood for more than 5 hours on empty stomachs in the scorching sun. every one is angry. mark nominate, people are dying waiting. 3 people fainted in this very que. they're motivated,
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we'll go. frustration is mounting and on the streets, it's palpable out of my in my family, every one standing and qs across the city. one is waiting for diesel. one is waiting for gas. we can't even make tea at home. sri lanka is facing its worst economic crisis in living memory. the result of a series of misfortunes and chronic mismanagement by its leaders. farmers faced a devastating drought in 2016. the implementation of a government policy banning imported fertilizer compounded the issue. it was an attempt to make sure longer the 1st organic farming nation, but instead farmers left their fields and food prices skyrocketed. a few years later, terrorist bombings rocked the nation. travellers canceled reservations. the pandemic tried up any remaining tourism, which sri lanka heavily relies on to pay for its imports. i am expecting you to get
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a lot worse, and unfortunately, they are unable to convey need. because the people who created the crisis very much didn't mean charged economic management. oh, so i think it's behaviorally impossible for them to knowledge that they have made a huge blunder. and they had to reverse all these ah, in good act economic policies. low fuel means power cuts, another burden for businesses trying to operate. meanwhile, schools have run out of paper and hospitals are suspending surgeries like the queues for basic goods. the problems here seem and less. now reminder of our top story, this. our germany has triggered an emergency plan to secure its gas supplies announcement from may. federal ministry of economics comes on the eve of a deadline to begin paying russia for its gas and rubles something that the german
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government is refusing to do that. so for me, it is the same here in berlin. some all from us do add to our website, d dot com slash business. you can also find somebody to venues, youtube channel, and on facebook as well with elf on there as d, w. dont business until next time. ah, the war in ukraine to leave it or to stay behind? it's a tough choice. ah, what's it like for those who flee? ah, what's it like for those who defend the country? choosing their fates at the border. close on. next on dw,
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we've got some hot tips for your bucket list. romantic cornered, tread. hotspot for food and some great cultural memorials to boot d w, travel off we go with i leave leave so you will die. you will definitely be there. you will die under the bomb. it will kill you. you must leave now right now, right now are on rushes. invasion of ukraine has shaken your toots foundations, young.
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