of the well will be keeping you up to date with high those elections piling up on with that. you are all up to date. kate ferguson will be here with your business headlines after a short break. i'm out of him. ok, thanks so much for watching the bucks view. we'll tell you. happy that way of boxing. the story. we have a getting a visa is more difficult than finding gold hosted to use the dream force and for the future. feeling about what's going on in the industry. instead of being discussed across the continent, dw, and use africa every friday on the w. we've got some hot tips for

your package. the romantic code is spots affinities. check on some great cultural memorials to boot the w travel. we got the argentina stands on the brink of a radical economic overall of self branded norco, comfortable us, how the media takes over the reins of the country. lessons by inflation thought death and wide spread poverty. with malays agenda, including radical prompt to scrap his country central bank. we ask the world bank present opposite bank for his reaction. i understand what his concerns. this country is struggling with hyper inflation, but they've gotten seen it has the value in itself many times over in

a situation where that can ration and the value currency is making life very difficult for people. stay tuned for our exclusive interview. this is think of the business i'm kate ferguson. thanks for joining me. argentina is on the brink of radical economic change following the election of libertarian happy media, the south branded a narco 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 wind. but the question now is kind of you move up to his promises to bucklin station 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 an incredible joy. it's really is. it's the end of the never ending the crime. 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 will 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 must have changed for all our 10 times. we've had enough corruption enough in 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 their everyday lives and they feel abandoned by

establishment. politicians for many really is the only hope for improvement. let me the hall for large and times are poor and 10 percent leaving extreme paula to others. enough with the policies that caused a most of them. 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 our existing policies and putting their faith in the hands of the dazzling new. come or let's bring it in, the said garcia herrera 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? tina voted for argentina has clearly voted for a change from left when populace in lots of a government expenditure a creation of money to 100 percent inflation to basically a liberal, a new a copy to at least as you said, it populates. but we did the from face this population intends to cut my li supplement expenditure even wants to close center bank because the central bank is the origin of the problem. and as far as the since bank had been financing the government for us, 22003 seems basically the q scenario. and the couple came to power and started to basically to create money to finance. uh that, i mean, could i make model that was unsustainable?

this is why we have so much in patient emergency and up to date. so he wants to change all of that. but can he do it? the question is there, there's a big credits here. 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 as well. you know, we can perhaps look at it quite door. i think the best country to, to understand what my happening, urgency nice, what those, so wait for the default. the non it said it was actually an engineer restructuring that an engineer default and then restructuring a hand in hand with the map which i would say the program is so happens are going to, nobody has, has that 20 program so, so this would be one more out of it for to be and that didn't need already. ok, is the largest the better for the i meant the bear with me imagine we have one more program which are going to know the size, the dollars, the economy, and that's the center value. what do you be very useful?

it's a mistake further 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 release point of view. this is the solution. because the center bottom has been created monday, i in placing portfolio. now the problem is our duty now so much money. now they would have to 3, you know, both with 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 got our is the r m s p r, slope line from start to pay the m f and r and b, slope line into trunk is already withdrawn. with the po c with the people sunk of china, but we'll country still lend to, to argentine not to dollars the economy. i think with these government i, we find it very difficult that argentina, that's find those resources from china or from the bar for that matter. because

it's a very different government. yeah, i mean the argument that was a good relations with the previous it population problem. and so the question is, who is going to come to help are going to the 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 be or yeah, malay knows that argentine not owes a r m b. but for that matter even shouldn't be hard gardens because those are going to be, have been used to baby 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 in the the, the old company. i'm sure that he feels that he's hands are tied because argentina

also 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 he wants to break away with what has happened for what a few years already with the previous government. 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 malay eas, carter, you said it right be, but you know, i want to be slightly kentoria and on the fact that had my saw one, the elections it would be more of the same thing. we have to realize that, that arjun down was in a pot of no return argentina. gdp has not thrown him 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 candidate i could have imagined, but he's providing it change. i mean, other to clean up such a mess. you need to be, you need a disruptor. he said these raptor. so for the lack of a better option, i would say maybe i'm optimistic for product mazda alicia 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 worlds bank presence of a find out who was here in berlin this week. i asked him for his reaction to malaysia, planned to scrub the central bank. you know, i understand what his concern is and this concern is it on your team, which is the 2nd largest economy in latin america. it's under the g trinity. let's not forget that this country is struggling with hyper inflation, but they can see that has the value in itself many times on the, in a situation where that concession and the value currency is making life very

difficult for people. and for businesses that cannot import, produce 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 for 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, gradually, isn't won't, but i need to make this 11 lucian, not i'm avenue issue. that's what he's struggling with. 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 as the settled down and figured out how it can be most helpful to them. in this process, and you can watch your full interview with as they find on the need to be an easy to tell them. we covered a lot of ground from wells bank or forms 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. once complacent will supply thousands of households with heat leading to a $165000.00 ton reduction in c o 2 emissions every year spend most money is returning as the old open a i just days after his surprise as therapy is welcome used 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 song pings out may also face criminal charges. finance failed to report numerous suspicious transactions by terrorist groups such as her mouth and outside. 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 stuck open it during the pandemic. many of them the creation of with their accompanying ingredients, hosting the outcomes on social media. now, traditional kinda rates have become correspondence with tens of simon and michael, i'm sorry. teams are rising on menus inside hipster wind bars. the growing popularity among young people is projected to turn con fish and $111000000000.00 industry. within 5, it's remarkable. and that wraps up our show. thank you so much for watching for me, or you can always log onto t w dot com slash business for me and the team is good bye. take care of the

tax chrissy together. angela is a volunteer who is a slot is an engine into cranium who is being treated in germany though the care of those wounded in the will was guaranteed general authorities are hopelessly overwhelmed and without the help of volunteers it would oh for the past focus on europe next on d, w into the kind of 6 big smoke getting the headlines these days. but the warning ukraine has lost none of its intensity from the capitol hill years. my guess is the prime minister as the one goes on, how much space does she have in nature plans for defending the ballistic space? conflict. in 16 minutes on d w. the secrets lie behind these discovered

new adventures in 360 degrees. and explore fascinating. both heritage selling dw world heritage $360.00 now the this is focus on europe. i'm lara. babble a welcome. the days are getting shorter and colder and winter is just around the corner in europe for many people in ukraine. it's an unwelcome change of season with the drones and artillery russia is targeting ukraine's heating plants and power grids just as they did last year. the attacks are an effort to demoralize.