coming up in 2019 italy and china agreed on a multi 1000000000 dollar deal as part of aging belt and road initiative. it's all for a new old pud rome once out. tell you why i'm 1st coldwell bought from the program for the 1st time in more than a decade, greeks will go to the polls on sunday to elect a leader. no longer confined to steering the country's economy from a backseat, according to opinion polls, the primary concerns for those casting their ballots or inflation and the economy. the ruling new democracy party left by can react goldsmith's attack is, is making a strong bid for a 2nd term, but they can serve it is promising to build on tax cuts and achieve 3 percent annual economic growth. well, so much for the problem is as of the future agrees, this recent past has been quite dire though badly hit by the european debt prizes in 2009 greece needed more for and money to survive and return creditors demand of

half the public spending cuts which left the deep scars among the republic, the spending controls ended last year and ever since there appears to be some positivity as the w, as jack power co reports, the backbone of greece is economy is small businesses like this 124 k olive oil based here in the city of patrice, so this is, this is your best product coming out of here. gold crystals, the root gets us, wants to expand the family business. he still see 10 years ago was now employees, 9 people, only 15 percent of his products. he sells in greece, the rest he exposed to the united states, egypt, germany, and across the u. a protection against any potential economic worries he a boy will land mileage everything down there and go to the next step and big your

facilities for us and the server and exports to also some other countries. the only warning about us is the cost. how to keep it then it goes to in lower levels the lives use. but here's the way it will come from 6 size increased. dr. don't over the region. crystals i say, is in this crow makeup part of what's expected to be a bump, a u haul this for green olive oil produces this year. but on level production only makes up 9 percent of greece is entire agricultural, i've put the sustain grows here. all of the countries industries need to keep expanding. the grease is national debt in 2022 reached over a 170 percent of gdp. still the highest in your but that's a full 23.3 percent full from 2021. when it was nearly 200 percent of g d p. none of the policies likely to succeed in the upcoming elections with introduced

policies to stop that debt reduction. according to the governor of greece and the central bank, hundreds of cakes, a greek party, because the system has led lessons hardly from from the cartridge. i think nobody would dare to but block the progress of this country has made over the previous thing here. progress based on huge sacrifice, which will be good. then economic expos, one the bank will still need more freedom to lend to small businesses. out of almost the one medium, small businesses. only 30000 or so met the criteria. we're meeting the criteria of the of the banks or for borrowing, which means the money is very, very tight. whoever takes power off to the upcoming elections news. they need to continue to tap into the power of growing businesses. like the 24 k olive oil company and now to some of the other global business stories making news. germany

is dax index on blue chip stocks at a new record high on friday, reaching 16294 points. shares were listed by growing optimism that you as lawmakers will hammer out a deal to lift the debt ceiling. and i've heard a confidence chattering the faults of the european stock market. we're also boy german carmack or fox lang and says it has sold as russian assets to the local dealership crude avalon, this comes as part of europe because carmakers exit from russian are following. the problem is invasion of ukraine. the sale includes the flagship colo got factory which employs $4000.00 people. do 7 leaders are meeting and japan currently and along with the russians warn you, crate on how to further respond to it. china is high on the agenda of the 7 leading industrial democracies of the world. the 7 member, italy, for example, back in 2019 struck an investment deal with beijing as part of china as mass of

belt and road initiative. $2500000000.00 are on the line, but role appears to one doubt. it's 2019. the year the head of chinese states headed his way to see them today. the signature as may be totally the 1st to southern country to take part in china as new, so called infrastructure project officially known as the bout throughout initiative hall. the phone now he told he is planning to hold talks with china about a potential exit from badging flagship investment program. but rome is trying to do that without antagonizing china and putting commercial ties and venture to make it very blunt. i think china, i need tell you will probably agree on the next it strategy that is not to be single. i'm that we not imply retaliation. i think that the negotiation probably is

happening in these front is only between 20202022 china, interest that around 16000000000 euros and infrastructure projects. in addition to previous investments in the part of 3 esther and the container terminal near general, the b, i remember onto more understanding states that the domain is valid for 5 years and as a, from what degree extended for another 5 years, unless terminated by either party utility has to make that decision in 2024 a number of other european countries are also part of the belgian road initiative. including some e u members like last 3 of which has signed a corporation to china is a lie. russia has not signed a b, r i memorandum of understanding, but it does also have a cooperation agreement so who benefits most from the b r i projects and funding india and all roads lead to badging trade with

china and all of these countries because of the improvement in, in transport infrastructure with china is linking these countries further to china, but rather in that rather unbalanced weight meaning imports from china. so the trick that fits is our growing except for countries exporting commodities because commodity prices are very high. but that's, that's so it's a very big as the metric game for the time being. time is running out. the g 7 is taking place in hiroshima on 19th of may. when prime minister georgie r maloney will have to reassure her rest and allies related or i spoke to francesca directly a belt enrolled expert at merricks demarcate or institute for china studies. and i asked her how likely it was that china that italy can out of this deal without disturbing its traits, ties with china to i think he said he would very much like that to happen. i don't

think there's been a chance to make that happen, including for cruising alternative agreements, not necessarily the renewal of the m o u, but there are a lot your agreements, especially economical enough between your tea in china. my size is that there is not much help besides engaging to accept the source of x, the strategy, and therefore i will not columns too much on these auction is actually because china seas, these events, you as a victory for the united states. more that leads me itself. now if we think about retaliation, this is still a piece of an open question. we've seen that approach several countries. the last of the 16 plus one framework with china, between central and eastern european countries and china. i'm in the society being a evan necessary to receive the passions. so there's a difference between the 16 plus one framework in the bathroom recognition. the

bathroom really needs to be as much closer to teaching as a senior and is much more important for china as easily as well. is also quite an arch country, was the 1st g 7 countries to joined the fact that the really need to be therefore, we don't know whether in this case indeed indeed with the castles may occur. francesca get ready of the mercator institute for the china studies speaking there, and you can watch the entire interview about china's belt and road initiative. what it means to many of the countries beijing has invested in and how this massive project is being viewed with in china leadership on our latest in our latest dw business special available on the dw use youtube channel. it is to free lock in which has launched a projects to electrify, half a 1000000 of its took, took taxis over the next 5 years. with the help of the you and development program, the aim is to become less dependent on fossil fuel imports. something for lack of struggle for months to pay for. and the other nations financial reserves drops to

record low. there are 1200000 took, took some sri lankan roads. the name took, took comes from the sound, their engines make as they sputter through the streets. but that sound may soon be history. representatives of the sri lankan government and the united nations have presented a petrol fuel. took, took turn the electric curious to alaska, the ongoing going on a cruise crisis. jet exercise by the limited access to affordable energy, reinforces the need to invest in renewable energy option and also to freeze out fossil fuel. the pilot project will support the conversion of $200.00 took to looks and if it's successful, the government plans to electrify half a 1000000 to dukes over the next 5 years. it is mainly for the enlightenment that you are not actually anything any get accomplished gas. us has to be less for your

pocket because you will be completely saved the fuel that you are burning the pitch of that drug costs. you will be only charging the, the electric make on using the electricity, which is more cheaper than purchasing fit for the electric took took, couldn't travel 80 to 100 kilometers per charge. but with very few charging facilities available, many of 3 link has took, took drivers are skeptical that it's practical. or the 150 k allow me to hire. we will get stuck out of the way that we will have to stop. take 5 hours to charge the battery and then continue. we won't be able to get home that day, but the next day this isn't unsuccessful project is that the critics also point out that more than 80 percent of sri lanka is energy comes from fossil fuels like oil and coal power outages are also common. however, the government aims to achieve 70 percent electricity production from renewable

sources by 2030. so that's our, so thanks for watching have a great weekend. the

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she is. having took my brother hostage a few days ago, just trying to sign and see on the beach on and they will be silent. starts june, 3rd, p. w. good. i wish i could have done more the same. you just click away, find the best document on you to really see the world, at least never seen it before. the dr. no to dw, talking entry, the frankfurt international gateway to the best connection, south la road and radio, located in the heart of europe. you are connected to the world experience

outstanding shopping and dining offers and strongly alice services. be our guest at frankfurt and bought cd managed by frank bought the . this is dw news live from berlin, syria rejoins the family of arab nations, president bush or other side as welcome to back to the arab league after a 12 year suspension of a serious grinding civil war. she tells us so much inside of the arabian.