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via do gravitational wave squeeze. i thought how do i the drums for the to the beat, and what's the perfect kill fox side. find the on says get smaller with dw signs on the picked up channel the origin. tina stands on the brink of a radical economic overhaul. alas, self branded a norco capitalist, how the emilia takes over the reins of the country, lessons by installation, by desk and wide spread poverty. with malays agenda, including radical plans to scrap his country central bank. we asked the world bank president of the bank for his reaction. i understand what his concerns this country is struggling with hyper inflation, but they've gotten senior, has the value itself many times over in

a situation where that inflation and the value currency is making life very difficult for people. stay tuned for our exclusive interview. this is the business i'm kate ferguson. thanks for joining me. argentina is on the brink of radical economic change, following the election of libertarian half a 1000000 in the south branded and norco capitalist has by 2 scrap of multiple government departments. do away with the central bank and the national currency markets have reacted favorably to his win. but the question now is coming. you live up to his promises to butler inflation turn. argentina's, fortunes are the on the streets of point insiders heavy malays. supporters are in a jubilant mood. thousands came together to celebrate the political, new commerce, chuck victory. they hope the bringing in the populist economist will help make

things better now. it's on incredible joy. it's really is, it's the end of the never ending decline. so to corrupt politicians, we say get lost. so they cannot make policies have let us to this situation. today, more than half of the population has voted for a different option. and i hope that things would change a lot. i belong to have years party, and i wish them all the best. i hope that things would change and that we won't have the economic instability that we have right now. it's a massive change for all arts and times we've had enough corruption enough and security enough inflation, enough poverty. we were very tired. we wanted something new. we wanted to see new faces. getting them over to god on the way of us. argentinians are suffering from non stop economic crisis. inflation has been rising for years and is now at 143 percent and it keeps on rising. many people no longer know how to get buying in their everyday lives, and they feel about and, and by establishment. politicians,

from any malay is the only hope for improvement. let me the hall for large and times are poor and 10 per cent, leaving extreme power to others, enough with the policies that caused a most of it. today we are once again embracing the model of freedom to become a book power on the campaign trail. milly promised to wage a massive battle against inflation. he plans to abolish the central bank slash government spending and replace the national currency the pay. so with the us dollar, his economic plan scare many arjun times, but also his radical plans to shake up society. but a majority here are now apparently putting their hopes in a radical break with existing policies and putting their faith in the hands of the dazzling new come or let's bring it in, the said garcia, herero international economist. and that takes us on a close follower of the argentine economy. alicia, thanks for being with us. having really is a rather difficult individual dependent, and he's a populous, he's a self study, narco capitalist. but you have to say,

he's also an economist who studied his country's finances pretty carefully. who or what has arson teen of ocean for are? are jan tina has clearly voted for a change from left when populist and lots of a government expenditure a creation of money, 200 percent inflation to basically a liberal, a new a copy to at least as you said, it populates, but with a different face. this populace intends to cop must leap supplement expenditure even wants to close center bank because the central bank is the origin of the problem. and as far as the, since i have been financing the government for to 22003 seems basically the case scenario. and the couple came to power and started to basically to create money to finance. uh, i mean, could i make model that was unsustainable?

this is why we have so much impatient in argentina up to date, so he wants to change all of that. but can he do it? the question is there usually takes quite a bit so late in the game. absolutely. alyssa, i plan to shut down the central bank. that's pretty radical, isn't that i'm with you talked about movie well, you know, we can perhaps look at it quite door. i think the best country to, to understand what might happen in argentina and quote those. so a for the default, the non it said it was actually an engineer restructuring the an engineer default and a restructuring hand in hand with the map which i would say i'm a program it so happens are going to, nobody has, has that 20 program so, so this would be one more out of it for to be in that identity. the already own is the largest, the that are for the i meant the bear with me. imagine we have one more program which are thinking that the size, the dollars, the economy. and that's present about what do you be very useful, it's

a mistake whether with the dollar ice, the economy, what happens then is that are going to not can no longer create money. and in a way, i understand the last point of view, this is a solution because the center of buying has been creating money in placing for too long. now, the problem is our duty now so much money now. so you would have to break, you know, both 3 big default, including with, with the i m f. and we did not find the money to do that. argentina has received, as you probably know, money from even cut our is the r m s p r, slope line from the thought to pay the m as an r and b. slope line into trunk is already withdrawn with the pbc with the people sunk of china, but we'll country still lend to, to argentina to dollars. the caught me, i think with this government i would find it very difficult that argentina that's find those resources from china or from the ard for that matter because it's

a very different government. yeah, i mean the argument that was a good relations with the previous a populace problem. and so the question is, who's going to come to help argentina? now i want to talk more about foreign relations, particularly with china. as you mentioned, because mulay has indicated he is not interested in joining briggs. what is behind that well exactly that, i mean malays the opposite of everything we have had or yeah, malay knows that argentine not owes a r m b. but for that matter, you've been should hardcaret because those are going to be, have been used to pay the i met and he knows that in china has a huge influence in argentina. now he knows that say he wanted to privatize as he has already announced, or the biggest asked is not going to not ip that the the old company. i'm sure that he feels that he's hands are tied because argentina, oh,

so much to china already. and i think he wants to break away with that. i'm be free to privatize to the you know, the biggest to the biggest uh, but uh in in town rather than just be dependent on tax. so i think once the break away with what has happened for what a few years already with the previous problems. lisa, you have watched this economy for many years. i'm a rice in detecting a tone of optimism in, in your take on me like yes, i mean, i understand me late is carter. you said it right be. but you know, i want to be slightly contrary. and on the fact that had my saw one, the elections, it would have to be more of the same thing. we have to realize that that our content was in a pot of no return. argentina. gdp has not grown in 15 years. yeah. 200 percent in place and they owe more than any other country to be met. i mean, what's the right model?

the country was being sold in pieces piece, you know, like, like, so yes, he's not perhaps the best candidates i could have imagined, but he's providing a change. i mean, other to clean up such a mess, you need to be, you need a disruptor. piece of these wrapped her so the, for the lack of a better option, i would say maybe i'm optimistic for product mazda lisa garcia herrera. thank you so much for being with us and dice. and he knows economic fortunes were also on my mind when i interviewed world bank presents as a bond got, who was here in berlin this week. i asked him for his reaction to malays plans to scrub the central bank. you know, i understand what his concern is and his concern is the dodge and tina, which is the 2nd largest economy in latin america. it's under the g 20. let's not forget that this country is struggling with hyper inflation, but they can see that has the value of itself many times over in a situation where that inflation and the value currency is making life very

difficult for people. and for businesses that cannot import, produced garden for, you know, raw materials, so kind of the economy is reaching a breaking point. it's not the 1st time this has happened. it happened some couple of decades ago as well. so if you're a leader of a country of that type, thinking that you can do more of the same and somehow find your way out of this, is that he's struggling. and so his point of view is gradual isn't one, but i need to make this 11 lucian, not i'm evolution. that's what he's struggling. i believe that's a tough place to be. so what i'm going to try and do along with the i met from christina, is the one who has to lead here is to connect with him and his team has the settled down and figured out all that can be most helpful to them. in this process, and you can watch a full interview with as a find on the need to be an easy to tell them. we covered a lot of ground from wells bank reforms to baffling climate change and balancing risk. well worth a watch. now to some of the other global business stories making news,

drilling for mobile become the largest geothermal plants has begun in the city of r, who's in denmark. but it's complacent. we'll supply thousands of households with heat leading to a 165000 ton reduction in c o. 2 emissions every year to spend most money is returning as the old open a i just days after his surprise as therapy is welcome news to both its biggest investor, microsoft and the majority of open a i 750 strong workforce who's been pushing for his return, a new board will now oversee the company. us authorities, huffines' crypto currency exchange finance, more than $4000000000.00 over fraud sanctions, violations, and money laundering finder on chief executive sunk things out may also face criminal charges by not failed to record numerous suspicious transactions. by terrorist groups such as him off and i'll tell you. and i'm finally california and

cuisine has long been associated with fresh ingredients. so it may come as a surprise that the states, at least has trend food comes in $810.00. once in a down market, competition is riding on a new wave officer. gore may stop, open it during the palm that make many of them the creation of with their accompanying ingredients. hosting the outcomes on social media. note for additional kind of rates have become correspondence with tens of simon and michael, i'm sorry, deans arising on menus inside hipster wine bars. the growing popularity among young people is projected to turn con, facing toward $11000000000.00 industry. within 5, it's remarkable. and that pops up our show. thank you so much for watching. for more you can always log onto t w dot com slash business for me and the team is good bye. take care. the

searching for a loss world is of water. decades ago, the arrow see and it was biggest on, was one of the mightiest lakes in the world. now, it's dried. a source of pollution heating deep in the desk. can this wasteland be turned into a tourist attraction? stobel next on dw, racing to catch up. oh and taking the competition and meet the global front runner . it's a hard race and the economic transition to e. mobility is in the league. where the problem lies in which your vision has already become a reality. made in the

world and program top costs for everyone who wants to know more about the topics that concern us about this story is beyond the headline world in progress. the w talk cost, the when i go to bed, i sometimes still have the sound in my ears, the sound of the sea, the voices of the fishes, when the boat went out, on the other boats, making this o sound. we humans comp suffice with ounces, and yet we just keep them wasting at this point. knowing full well how does all stress we'll discuss the t can be the arrow. see used to be the world's full largest lake, then the rivers that fed it with capt. irrigate farm land and it shrank dramatically promising snap.