the annual lemurs thanksgiving tradition. cute and with that, you're up to date. kate ferguson will be here with your business headlines after a short break. as always, you can get your news on our website. that's d w dot com. and we're at dw use on social media. i'm out of here. well, thanks so much for watching. take care. the charlotte? the comment key, more people than ever on the world wide in such a bed. nearby, facile jessica middle castle, josh. find out about robina story. info, microns and vibrant habitat under glistening place of long in

the mediterranean sea. the same as amazon. and jeff are up to coming to us exploring motor lodge styles to amy and admitted to amy and jenny this week on dw the argentine us downs. on the brink of a radical economic overall last self branded norco comfortable us, how the mili a takes over the reins of a country, lessons by installation, but desk and wide spread poverty. with malays agenda, including radical plans to scrap his countries central bank. we of the world bank president of the bank up for his reaction. i understand what his concerns this country is struggling with hyper inflation. but they've gotten senior, has the value of itself many times over in

a situation where as that inflation 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 half a 1000000 in the south branded 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 when. but the question now is come. he live 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 shock victory. they hope that 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, you want 40, 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 massive change for all our 10 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 their everyday lives and they feel abandoned by establishment. politicians for many millie is the

only hope for improvement. let me the because you know all full lodge and times are poor and 10 percent leaving extreme paula to others. enough with the policy is that caused by 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 our existing policies and putting their faith in the hands of the dazzling new. come or let's bring it. and they said garcia herrera, international economist, and that takes us on a close follower of the arts and teen 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. a part in tina has clearly voted for a change from left when populist 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 with a different face this populace intends to comped massively supplement expenditure even wants to close central bank because the central bank is the origin of the problem. and as far as the spring had been financing the government for 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, there's a big 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 or i think the best country to, to understand what might happen in argentine nice a quote though, so they, for the default, the non, it said it was actually an engineer restructuring the engineer default and a restructuring hand in hand would be a map which i would say i'm 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 button has been created month in placing for too long. now the problem is our duty now so much money. now they would have to break, you know, both with big default, including with, with the i m f and we are going to 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 guitar 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 2 argentine not to dollars the economy. i think with these government i, we find it very difficult at argentine 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 a popular as a 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 for that month or even should 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 through 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 me late is 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 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 raptor. 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 present as a find out who was here in berlin this week. i asked him for his reaction to malaysia plans to scrub the central bank. you know, i understand what his concerns and his concern is at odds and tina, which is the 2nd largest economy in latin america. it's a member of the g 20. let's not forget that this country is struggling with hyper inflation for their cotton c that has the value of itself many times over 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 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 on evolution. 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 m f and christina is the one who has to lead here is to connect with him and his team as the settled down and figured out all of it can be most helpful to them in this process, and you can watch a full interview with as a find on the delay and 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,

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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. teams are rising on menus inside hipster wine bars. the growing popularity among young people is projected to turn con, $1511000000000.00 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 into the comments or concerns with sim sebastian fix not getting the headlines

these days, but the warning ukraine has lost none of its intensity from capitol hill. hughes, my guess is the prime minister as the one goes on, how much faith does she have in major plans for defending the baltic states? conflict next on dw, an online scam using big financial portal, this deal 1800000000 euros and damages nationwide chop. despite the whole thing from the beginning of decline, so when they signed us to the end, everything was perfect. we actually came across as very credible with dream task money. i want more in 45 minutes on d w. well,

didn't program top costs for everyone who wants to know more about this topic. the 2nd son of about this story is beyond the headlines world in progress. the w talk cost. it's not getting the headlines these days, but the war and ukraine has lost. none of it's in terms of doing with both sides anxious to make games before the winter impedes that movements on the battlefield. from the few i can use capital vilnius, my guess is the problem. is that in good that she money say? what i think is most to show is that countries stay committed to providing the brain with what kinds of needs the financial positive needs with everything needs the when the world as the little goes on, how much grace does she have in major.