hello, welcome to the show i'm seeing busy in berlin. could have you with us. we begin to sri lanka where the country's new prime minister, renelle victrum, a singer says the country desperately needs $75000000.00 within the next few days. just to afford a central imports, including medicine and fuel. he won that re laga had enough petrol stocks for just a single day. but we loggins have already been facing our times. sri lanka is economic woes, a hitting every one hard most noticeably in food and fuel, petrol shortages mean, rick shaw driver's face long queues to fill up. fest struggling to make ends meet god in mirror. i don't have much fuel in my ritual. i've already been to 3 petrol stations, but there was no fuel in any of them, even though they have some here at this station. the key was too long. the resignation of prime minister raj, a pack so last week was not enough to quell the protests. his brother remains

president despite being myatt and corruption allegations appointed last week. the new p. m is now attempting to calm a furious nation, announcing measures to stop a total economic collapse. but those came with a dire warning that they were what we did in martha. the, the next couple of months would be the most difficult ones of our lives. we must prepare ourselves to make some sacrifices and faced the challenges of this period. kappa, remember them dear you b many, sri lankan are already making difficult sacrifices. we go, how will we manage without fueling all the vehicles here? we don't have any work. now, this is our only job these days. there's nothing else to do reforms or on the way, but it could take more than an improvement in food and fuel supplies. i could even take the departure of the president to satisfy sri lankan calling for change. oh, but you're so t serve on a mood to is the founder and executive director of the center for policy

alternatives in colombo, pocky. so to thank you for joining us. the people, sri lanka are being asked to make further sacrifices by their new prime minister. to what extent are they willing well, this remains to be seen. i think, you know, if the prime minister and the government continuously speaks to the country and explains to them why we've got ourselves in this situation and what we need to get out of it. that i think there won't be so much of fare and rest or disturbance in responding to the difficulties of the economic situation. but as the other dimension, and that is the political one, i think there will be of unrest. and the protest as will continue if the political reforms are not addressed as well with those political reforms include the president leaving office. do you think do expect that to be a demands that will have to be met in a, in the days ahead? well, something has to be done with regard to responding to that core demand and persistent

demand of the demonstrators. perhaps the time frame has to reset the executive presidency has to be abolished, and also a definite date for a new election. harold's rock to be motored. how did it get to a point where according to the new prime minister, there's a single days worth of petrol left in the country. how did it get that far? why we're no appeals made earlier for support or worthy? well i think it's because of the incompetence and capacity for got them on the part of the raj box of regina. they used up all our foreign exchange reserves in terms of paying credits as an international bomb holders. and as a consequence, we didn't have any foreign exchange to get the bad essentials in terms of food, food. what does this mean for those on the ground for the, for people and how they're living? how bad is the situation? can they still afford food? for example, across seattle, it's an unprecedentedly bad situation. it's the worst that this country has over face. there are people who don't have 3 square meals a day, a day's,

a shortage of drugs. they're constantly standing in queues for fuel and for gas show. it's very, very grip and as the prime minister said, it's going to get worse. the prime minister also said that they need $75000000.00 in the next few days. where's that money going to come from? well, hopefully the money will come from ah, friends, in that in days $1.00, japan is another. we have to get the bridging funds in order to tie dash over the period before the i left deal kicks in. if it is going to pick it right pocket. so to serve on a motor with a center for policy alternatives and colombo is a capital sri lanka, thank you very much. and out of some of the other global business stories making headlines, shares of india's life insurance corporation dropped more than 8 percent on their 1st day of trading in the us biggest ever i. p. o is part of an effort by prime minister in orange remote to sell off state assets in order to monetize

nationalized companies. for the fiscal deficit, more than $200000000.00. full automates lensky says his country is facing a monthly $5000000000.00 budget deficit due to war related costs. ukrainian president brought up a spinning squeeze during a video conference with the international monetary fun saying afterwards. he's looking forward to working with the i enough to maintain ukraine's financial stability last well yeah. comic picture in the you isn't pretty. 20. $22.00 was supposed to be a year of recovery from the pandemic. now that he was flirting with recession. leaders number show gross domestic product in the euro area. that is the 19 countries the use. the euro currently has grown by meagre 3 tenths of a percent in the 1st quarter. that's after rise of half percent the previous quarter. look back in the past 2 years tells the whole story. with the crone of ours pandemic hitting the economy hard early in 2020,

causing g d p to fall steeply. then came the slow sort of recovery which itself was stopped in its tracks by war. and that's helped further drive up energy and food prices. but china's 0 coven policy has exactly helped it's force businesses their to shop for weeks. some of those closures absence ended, but they're deepening the supply problems in europe and other parts of the world. all right holders meeting is chief economist at beer and berg bank. he joins me now for more. hope you're good to have you on the show. what is the danger of recession in europe? is that realistic? well, recession is not likely. it is a risk, but more likely we will stay in sort of speculation for a little while sex age means hardly any growth and very high inflation. the recession is also, if, for instance, there was another shock, such as even worse for the supply chain issues with china. or if you are indeed see this to get any natural gas from russia,

then we will be talking with session. for now, we are looking at state lation with a good chance that the, some of the situation could improve. as there is a lot of pent up the mom, especially for some already days after the pandemic. also in summer the european central bank is hitting that it could go ahead and raise interest rates. what could that mean for low growth countries? well, interest rates are so low in the you with all that probably a modest increase in them would not do a lot of economic damage. we probably would have in italy and spain, portugal grease be able to cope with someone i interest rates after or one side effect or inflation. is that tax revenues for instance, on value added tax rising. so as long as the e c, b does not really over do it. we probably would not be facing serious risks to the

financing conditions for these countries. but of course, in europe is always an issue. we need to watch a briefly, if you can, other signs of optimism, for example, maybe the euro's weakness against the dollar with that benefit. export the u. s. well export order books are so full already that the witness of the euro does not make a major difference. what we're looking for for signs of hope is how the situation in china is evolving, hopefully not getting much worse and also with energy prices. finally stabilize, that would be good, but for now it's too early to say we should be optimistic. the next few months will be spec patients. and over the summer, hopefully things could get a little bit. all right, hold a meeting chief economist, a baron bag bank. thank you very much. germany will end its importance of russian cold the summer if everything runs according to plan. replacing the fuel means looking elsewhere, including as far away as columbia. our next report shows us the costs of coal

mining on local residents health, and on their land. louise's can breathe more easily. the 8 year old has more strength and well to learn. his mother says the only option they had left to improve his health was to leave their home village of province. young ramonica may swallow the others. it all began when he was 8 months old lab. at 1st he had a high fever and couldn't briefly added those were his 1st symptoms that seemed to mock eladio loose. oh, diana said that the coal dust emitted by the sarah horn mine made melissa sick. the giant opened cast mine and set a horn has been encroaching unproven cl, a settlement of columbia's indigenous while you people said a home is growing in part due to the millions of tons of coal and to germany. companies like winnie power and art of u. e. use colombian, coal to fire their power stations, lose sued the mine a few years ago, winning a partial victory courts for cetera home to take more precautions, but local say to little was done. oh my kid amos k i like now they ask around in

the village how they should do their blasting as in what tony. if that's a disrespectful, it's as if they're asking, how should we kill you will get a a sack and we'll get a get they might be for local villages. sarah horn is controversial, some hope for jobs and columbia, sick and poorest region. others fight against them. i run by swiss corp glen core, including me, science, so got us. his daughters skin is inflamed. he blames air pollution from said a hone in on the activist, where's a bullet proof vest? strangers of attacked him several times. me sail documents held the natural surroundings, have changed, the river is polluted and he wants europe to know it. i also another that you're lucky, cool that useful over there. but here the damage is great and irreversible meizlish . there are thousands of families who are being harmed by coal extraction gathered

won't be able to name off the lecture, little the fight is taking place in court, such as over the bruno river, which said a home has diverted by nearly 4 kilometers the while you say the mine is cutting off their water supply, but sit at home, argues the diversion is exemplary. we asked the company about the accusations, all of which it rejects, saying they respect human rights, abide by the laws and the thresholds and reduce dust. german coal buyers also support said a horn human rights activists demand, and they should finally apply more pressure vignettes. if coal imports from germany now increased than we fear that indigenous people in columbia will pay for prudence, war and ukraine, a unit song beg, loose audrianna, shows us where her house used to be and proven. see out the explosions caused cracks to form until the house collapsed. another reason why she continues to get involved said a home may have taken away her home, but not her fighting spirit. and here's a reminder of

a top business story. logger desperately need $75000000.00 within the next few days to afford a central imports including medicine fuel that's according to the country's new prime minister running what room a single warrens the sri lanka had enough petrol stocks for just a single day that's or show find out more law dot com slash business with with a,

a beginning of the story that moves us and takes us so long for the ride. it's only about the perspective culture information, this is dw and d, w, made from mines. love has no limits. of love, as for everybody, love is live with love matters and that's my new podcast. i'm evelyn sharma. and i really think we need to talk about all the topics. the north divides and denied that this. i have invited many deer and well known guests. and i would like to invite you to an end amendment many portion

of the world right now, climate change, the very cost, the story. this is much less the way home just one week how much was going to really get we still have time to go. i'm going with his subscriber all morning with are you ready to get a little more these places in europe are smashing all the records stepped into a venture. just don't lose your grip and the treasure map for modern globetrotters discover some of european wykard breaking sites on you tube and know also in book form

ah ah ah ah, this is dw used my from but in the adult started sage ends. russia says it's captured more than $260.00 ukrainian soldiers hold up in the steel mill. the troops is taken to territory held by russian forces wave. moscow says they will be given medical treatment. ukrainians had been trapped in a still works for weeks. we made the sister of one of the fine.