on 0 in 60 minutes on d w. what secrets lie behind v discovered new adventures in 360 degrees. and explore fascinating. both heritage spelling. d w world heritage 360. now the a beacon of hope. now that's what the un secretary general antonio. good damage called the green deal. the agreement allowed ukraine to export wheat by the black sea. ukraine and ships could pass through the rush of naval blockade and head for international markets. but the deal expired last july,

and russia refused to extend it. instead, it started attacking ukraine in ports since then, t of has been looking for tentative roots to export. it's great. we'll be looking at those in this edition of made dw business magazine. also coming up on the show. spain's new minimum wage leading to job losses. can the growth help save the weld and reduce consumption? and what kind of digital you wrote pre chip on the to invalid. welcome to the show . early this year, spain was the leading buyer of ukraine in green ukraine, exported $2900000.00 tons to spain. and no, far behind it came china and turkey. 650000 tons. were exported to egypt and 300000 tons to germany. now that the green deal has ended you crate and farmers need to transport grain overland by poland. flow back you, hungary,

romania and bulgaria. but these countries already fighting back against the flood of grain by introducing import stops, a russian rocket attacks, a green silos of the printing company, rein alliance, spoiling 16000 tons of wages. the attack was recorded by one of the company surveillance cameras. green alliance grows, we raped seed and may use on their 60000 hector's of land before the war. the harvest towards ship, from the harbor of odessa to china and your leisure. but that's changed since rushes blockade of the black sea port t leads. and we think general it was going to indonesia and markets. china was primaried market for, for form. ukraine unfortunately is not there because making the, the west coast bar, so sweet, like seaports, closed is not still possible. brought us lava. the capital of

slovakia we used to green alliance managers have come from hours long meetings with customers who want to buy green before the war. the big contracts from china in indonesia, but now they have to struggle to find new customers. you know where we're located and so i can so like is one of the challenges that custom clearance. however, having access to europe in the roadway, we are doing direct fest loading and sending our products to delete germany. elsewhere in europe with our players and customers, are willing to take it to take the land route through the e u. grain alliance has purchased an entire fleet of railway cars but they can no longer export the green to china or indonesia, because the transport costs by land would be far too expensive. the right on the ukranian slovak border grain alliance has purchased this loading terminal here,

the grain has to be reloaded onto a narrow, or european standard wagons that costs time and a lot of money. the green alliance managers are under pressure. they have to sell their goods and keep the businesses running so that they can pay those $700.00 employees. there is 12 month cycle and we have to continue. and the continued we need to export drain, we need to sell it to get any proceeds. it's not just about money, but about employ monday to both texas. it's about over only gone the mill for training and the economy of companies. the slovak farmers who work their fields right next to the loading terminal, support your brains, fight against the russian oppressors. but they're suffering from the dropping grain prices triggered by the great imports from ukraine. 12 months votes, i can only sell his $200.00 tons of we'd from last year at a significant discount. he hopes the prices will go up again,

and his grain doesn't go multi before then. that's a for our company is to sell a lot of green to poland and hungary for the market. there is a full little ukrainian produce. i think bundles and billy will decide if we can find the transportation over the truck. so it's only loading a quick with these notes that are stuck on those of you with me and you click on this yet. so that's despite the fact that 5 countries of sand, the import, a few cranium, great, but green alliance is now experiencing increased demand from drought stricken italy in spain. this train is on its way from the slovak loading terminal to the northern c port of the docket. where large amounts of grain are being shipped the distance, some 1350 kilometers. the transport costs are accordingly high. the ukrainian green alliance managers have found a german buyer here. they have no idea what he plans to do with the green. maybe it

will be shipped to africa or it might even stay in the germany. that annoys farmers like literally sure. also grow grain on farms in the region. live here is that a lot of ukrainian green in germany. you will cause prices to plummet, uses any ukrainian green arriving in germany should only do so headed for the ports and on for export elsewhere. economically they make a lot of sense for the easier to subsidize the transport of ukrainian week to the north in the baltic seas. so this, we could go to the developing countries and that leaves the greatest needs there and pick to kind of rushes warren. ukraine is rocking the world wide green market. but despite the many difficulties, ukrainian producers are still finding ways to export their grain. the

consumption against russia help and the war in ukraine. while the angles sentients is to stop on conflicts and we can dictators, experience shows, they really do that. so what does the international community achieve when it imposes sanctions? here are some answers as to the sanctions. hutch really that meant to end holes. we can haul mongers prevent nuclear weapons manufacturing and transformed dictatorships into democracies. sanctions foster right now, the most sanctioned country in the world is russia with move and 12000 active sanctions against individuals and organizations. according to statistics from october 2022 in 2nd place. is it wrong with several 1000 sanctions,

followed by syria and korea. that a russo stood with just over a 1000 followed by venezuela and me and ma with several hundreds. but sanctions have almost never achieved the desired political goals. one exception is south africa was sanctions i believe, to have helped with in the end to a pol, tied to 1994 functions. all by no means an effective thoughts. they usually affect the most vulnerable members of society and the incomes. the hottest as shown by a study from the munich institute, the economic reset. it examined 67 countries effected by economic sanctions. it found that if the united nations had imposed the sanctions, the countries g d p fell by an average of 2 percent pay. yeah. it's only thank you asset, impose the sanctions unit. naturally, it was one percent extrapolated over 10 years. this means

a dropping per capita g d p of up to 25 percent in iran for example. it's the young on educated rural population who stuff at the most employ a country's life expectancy. so by up to 1.4 years during an average period of un sanctions, women are more effective then man. however, the cost of study mostly looked at smaller economies. the also say the results comp, necessarily predict what would happen to a big economy like russia to make sanctions more targeted and effective. it's important to thoroughly investigate who they will end up affecting most the minimum wage in europe varies by country. germany funds and the u. k of some of the highest minimum wages in europe,

averaging around 12 euros per hour. but some countries in europe have a minimum wage below 5 year olds, and others don't even have a minimum wage. in february this year, spain res, it's a minimum wage by 8 percent. then you minimum wage mostly benefits. i would cultural work as what count for around half of minimum wage earners. but there are questions about whether it will lead to job losses. in the longer term these 2 field work is a irrigating citrus, fruit pond patients. they get a 1080 years a month, which is now the minimum wage in spain. but their employer is having a hard time paying it's it's almost the know that we think the government should help us pay workers a decent wage without costs going up too much without even open on usual. the important thing almost, we'll know mentally is probably the best of inflation has made fast lies and more expensive. drought means water is in short supply and now work is wages have gone

up and farm is on benefiting from rising food prices. the info box is starting, sumption is going down across europe basically all sales of fruit and vegetables in germany has gone down by 15 percent. that makes things worse. the prices are the same, but consumption is down. most the most wonderful imperial gothic near the country produces and exports spanish garlic. what is here also get the minimum wage? they used to get 800 years a month and now one just over a 1000. but despite the res, then on to happy. yet i'm on that. oh no, no, no, apple, apple, the high prices for groceries a to blame and decide what to do better off when price is with lola. it's the pulling can see mid amount combined with higher costs of the company's a $160.00 employees. 40 also the jobs save that money because we sell

a lot less to the supermarket. in the same time, our costs are going out and we were forced to let some more disco. how about the u . g t union and madrid hadn't even heard about the layoffs, its hales, the minimum wage height as a major step forward. this they act as a sonya as a i, you'll not send us anything for the past 6 years. we've had a study increase in the minimum wage. it's a way of distributing wealth and making a large number of workers in spain better off. we're talking about more than 2000000 work is hours, including 4 here road popular last the last. so he's a security guard as a loss chain of department stores. and now one's 1092 years a month. but it's not enough in a city like madrid. no, no, by them, but i'm out of, you know, no one can move on. that is, and i don't really have to worry about getting rent. i still live with my mother,

but from many of my colleagues it's bad and they're struggling to pay their rent, which is high. i know they're in a bad situation then based on that that would be later because i'm buy a new not a lot of money that that'll get lettuce. it gets so sweet to ask you on. so instead of able to say phones that are nice to sticks, indicating that the minimum wage increase has resulted in more people losing their jobs. but unemployment remains high of the south. it may be unemployment rate in spain is not going down as steadily as it is in other european countries. it was by now that was put the prices it will to pay us. so the jobs disappearing and some sectors. spanish promise, especially in southern spain, see a different problem. but if it is that product to so easy, it was right to raise the minimum wage in spain. but at the same time, the e u is importing fruits and vegetables from non annual countries like morocco. and as far as i know, farm workers there, and it's sometimes earned as little as 3 zeros a day. the on call have so many spanish workers and minimum wage raise was solely

needed. but many companies, especially in the farming industry and now struggling to pay the work is one possible consequence might be increased organization in stains, agricultural sector. the idea of economic growth is very much grounded in consumption for countries gross domestic product to grow. it needs to produce and consume more. now that is an idea that i'm growing. number of climate activists and policy makers do not agree with. they say reducing global economic activity or the growth is the only way to save the planet. but critics say increasing economic growth ensures a wellbeing, you know, be a reporter, emily les no way both sides. or having more has given us a lot of comfort and a lot of choice. so it's a pretty big price tag, like more carbon emissions, more resource depletion, more pollution,

our addiction to making and consuming more stuff is exhausting the planet. everyone's talking about avoiding a climate catastrophe, but it's switching to renewable energy and buying electric cars while keeping the status quote. really going to help a growing number of people say no. they want us to fundamentally change the way we run our economies. and with that, our lives, some call it the growth for decades, countries have been judged by the growth of their g, d p. that's gross domestic product. the more goods and services produced, the higher the g, d p, the cooler the country to keep having to the be great accumulating you also need to keep having more material stuff extracting and going through the economy. this is not sustainable on on ups. on it was, you know, a finite amount of resources. so this is where the idea of the growth comes in. the term, the growth is credited onto the gourds, an austrian french social philosopher, who in 1972 question whether it was

a good idea to constantly make more stuff. shortly after academics at the massachusetts institute of technology, publish a report called the limits of growth. this rigorous forecast concluded that i'm less growth was curved, civilization would collapse by 2070 to suffice to say it didn't go down. well, the academic journal nature even called it a width of doomsday. d growth talks starting to crop up again and the 2000 once data began to show just how it reversed, i believe we were harming the planet. a recent tape or a nature. yes, the one who puts the gross back in the seventy's suggested that it should be widely and thoroughly considered. and the term has now made its way into the most recent, i pcc report on how to stay below 1.5 degrees celsius. once the growth approach that has been widely considered is the coupling where you get to maintain economic growth while reducing carbon emissions. while i live in the u. k,

it's very proud of itself because it claims that it's managed to successfully de compromise its economy while g d p. i mean it's not doing well, but g d p is, is growing slowly while our mission is appeared to be going down. surprisingly, especially countries with advanced economies have been able to do it. for example, by shifting towards renewable energy sources like denmark, which reduced its consumption based emissions by 35 percent between $22019.00. well growing the g d p per capita by 16 percent germany reduced it's carbon emissions per capita by 24 percent in the same timeframe while growing 26 percent. and even the united states did the same. which sounds great and definitely as a 1st step. but the problem is that the coupling is only concerned about c o 2. we live in many ecological crises, not just one is not just an issue of fossil fuel emissions. so here if we just say was about the compensation, i mean, you're missing ecological. the great ation,

biodiversity last, the u. k. has some of the worst part of us here. any country in the world, never mind the, he just doesn't solve that problem. what next? the problem is even those who support with the growth stands for thinks the word itself is problem. attic. why don't like the term? the growth is it. it has a negative feel to ethic. she's thing is shrinking material, the material inputs into economic activity. the growth sound scary, like it wants people to return to the dark ages. but it actually us means scaling down the least sustainable industries, like mass produced meat and dairy, vast fashion, car and aviation manufacturing. or ensuring that the things we rely on refrigerators, phones, washing machines, have a longer shelf life repairing. instead of replacing something the moment it stops working. so it's not just about stopping growth, but about increasing growth and sectors that benefit society as

a whole. like creating green jobs, trading workers, uninstalling, renewable energy, insulating buildings, and regenerating eco systems, and investing and public transportation and services. what does that just wishful thinking? might this new approach to growth actually make life worse for us? this is a crux of the growth debate. would unravel the advances humans have made many facets of modern life, like living longer and lower rates of child mortality are associated with high g d, p. among other factors. economists that are in favor of the current system, say that more immediately the gross could mean widespread job loss, mortgage default and business closures. that it would force us all into a permanent recession per tailing, research and innovation. the thing is we need to develop green and more efficient technologies. the problem is that active di growth hasn't happened anywhere yet. meaning that nobody knows whether that what happens,

how do you address the creation of a world where rich countries don't effectively slammed the doors by themselves and say, you know, we're gonna, we're going to diminish our growth, the bad. but, you know, we're not gonna let you catch up to us to where we are. and that is a challenge. and a lot of the solutions around that involved in a large scale redistribution of all 3 of the sources between countries that, that might be possible in a perfect world. but in the real world, it is very politically challenging. one suggestion by the grocer's is that on payable debts held by low and middle income countries should be cancelled so that they can focus their spending on public services. the idea is to even the playing field casings for the global south, our technology transfer. so, you know, to leapfrog dirty technologies to get the, the, you know, sort of latest generation or renewable technologies to close out countries for their energy needs, number to finance, corporate finance to make that possible and also to finance other poverty

alleviation. and so for supporters say that through economic the growth, the needs of more people could actually be served. still, we seem to perceive increasing g d p as a sign that we're winning. that however you frame it, giving it up for the sake of our future on this plan, it sounds to most people like we're asking them to start losing. so is the answer to deliberately slow down economic growth. you won't find many governments willing to do that. moving away from ttp, for example, to metrics that value, you know, human impact across a wide variety of dimensions. you know, there's a human development index you and provides is a good example of that. you know, there's been some experimentation with like the country baton. and it's gross happiness index that they've talked a lot about and, and so there might be ways to redefine these metrics of success that would make it more palatable for our politicians to embrace things that don't necessarily increase gd p, but increase the average wellbeing of people in, in

a way that, you know, is less resource intensive or destructive. another example is what former new zealand prime minister just in the order and didn't 2019, when she announced national budget that prioritize citizen wellbeing and happiness over g d. p, an economic growth. under the budget, all news funding was required to advance government priorities like improving mental health, reducing child poverty, and addressing the any qualities faced by its indigenous population, the growth or is envisioned and economy driven by alternative principles. the way doing the grace is the we need to imagine a different feature, a new ecological, a new relationship between humans and non human nature in which human humanity, because certain nature can flourish. on friday, the central bank wants to introduce the digital euro by 2026. the virtual version of

the euro is supposed to be an alternative decrypt of heresies like bitcoin. and if area these virtual coins a voltaggio and are sometimes useful criminal activities. so central banks likely easily be coming up with digital versions of their cars, these to offer the safer alternatives. our porter quit supercilious, took a look at how the digital euro will work. would you prefer to pay with digital currency or cash? the you is planning to launch the digital bureau by 2026. the european central bank is investigating whether to introduce the electronic equivalent to cash in all 20 countries where the euro is legal tender. but how would work? the digital euro will be stored in a digital wallet on your smartphone, you'll be able to move money from your traditional bank account into that wallet

and make payments using your smartphone. but if you prefer to keep using bank notes and coins, you can. the idea is to restrict the use of a digital 0 to smaller payments using it for a larger amounts could otherwise the stabilize the bank. if customers were to transfer all their money to their digital wallet, the payments with the digital euro could be made online or offline direct from pay or to pay easy, which affords more privacy. the, another advantage service providers like paypal, mastercard and apple pay charged fees. but paying with the digital euro would be free of charge. the payments across the national borders would also be possible. the potential

drawbacks consumer watchdog spear it could replace cash completely and that consumer behavior could easily be spied upon. but the easy b and system it will guarantee privacy and the digital euro will compliment not replace bank notes and callings no, i can't wait to go shopping with a digital euro. and that brings us to the end of today's edition of made. thank you so much for watching. you can find more additions of our show on dot com slash business to join us again next time and until the end for me, i'm the entire team here in berlin. it's good by and take care the

the, the, a bit of homeless fun to briefly. so guess about the war and address of the forces he on the blocks. so you craniums, this is the 2nd summarizes in fear of the russian attacks. how are they coping? focus on europe in 30 minutes on the w and to the

conflict with tim sebastien. in a booster, you pray, it's true. so for the 1st slide, the russians defensive in the southern region lives operation. mike ness this week is here, restocked in by the ministry of just 5 of has and he's to what he's country based on what he was conflict then 19 minutes on dw, the how many pushes start out in the world right now. climate change the story. this is much less the way from just one week how much was going to really get we still have time to work on doing

the flex. this subscriber for molding is like hello guys. this is a 77 percent of the platform for the issues and share ideas. you know, on this channel we're not afraid to pass and then he gets to talk to the young people clearly have the solution, the future a this 77 percent every weekend on dw the

this is dw news coming to live from berlin, after catastrophic wildfire, greece is hit by devastating floods. officials say it's a zip. grease has changed climate zone, so severe rain storms and record rainfall kills at least 14 in the region with more rain expected. also coming up ukraine will get a $1000000000.00 and extra us assistance us secretary of state anthony blinking is in keep with that message and the promise of controversial depleted uranium

munitions.