TRTWORLD — Money Talks
20260808 013000 UTC
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[00:00:00] "It of is not only
[00:00:02] of the issue of, I mean the rights of education, so the
[00:00:06] rights to work, the health appear, totally I can
[00:00:09] say that women are arressed from the
[00:00:12] public. Afghanistan, five years on, on
[00:00:16] the next bigger than five, with me on
[00:00:18] TRT."
[00:00:25] of in
[00:00:33] of Coming up on this
[00:00:36] week's review of round table: Spain's mass
[00:00:40] surge of migrants
[00:00:42] of into thelter sparks
[00:00:43] a diplomatic routh. In Hungary,
[00:00:47] Peter sets about dismanthling Victor Orban system, but
[00:00:51] is he going too far? The EU gets the
[00:00:54] green light to
[00:00:56] of Trump proof the euro with its own digital currency.
[00:01:00] and how the AI race could be impacting the climate we
[00:01:04] live in and the water we
[00:01:08] of of drink.
[00:01:10] of
[00:01:16] of
[00:01:21] hello and welcome to the review of round table, I'm
[00:01:25] of Rihanna of Jones. European border security is under
[00:01:28] a scrutiny after more than 60... thousand migrants swam and
[00:01:31] climbed their way into thelter, the Spanish enclave on the Moroccan
[00:01:35] coast. Spanish authorities say all but
[00:01:38] 2,000 have been returned to Morocco, but EU
[00:01:42] authorities have called on Spain
[00:01:44] a to strengthen its
[00:01:45] of borders. of Spanish prime minister Pedro Sanchez has accused
[00:01:49] traffickers of causing the crisis, which left 78
[00:01:53] people dead. You've argued that the EU migration
[00:01:56] pact, it creates incentives for. illegal
[00:02:00] migration,
[00:02:01] of so what should Europe be doing differently and in
[00:02:06] of particular looking at Hungary as an example of of
[00:02:09] Europe's or one of Europe's
[00:02:11] of tougher borders? well, the
[00:02:15] of government Pedroes has done the same mistake as the European Union
[00:02:19] has in terms of being very weak on
[00:02:21] of border protection against illegal immigration. just to put this into
[00:02:25] context, this
[00:02:26] a crisis, the last couple of months in Spain have been..."
[00:02:30] about the question of legalizing hundreds of thousands
[00:02:33] in Spain uh and basically
[00:02:37] granting them a regular status, although they entered
[00:02:40] illegally. if then there's another piece of news
[00:02:44] and we've discussed this already that some people,
[00:02:48] it was circulating in networks or maybe even in
[00:02:52] a media that people who enterta illegally will be
[00:02:55] allowed to stay, well that is fueled by the months and
[00:03:00] months uh previously where the Spanish
[00:03:03] government has moved forward on legalizing hundreds of thousands
[00:03:07] of illegals, so
[00:03:08] of obviously there's a pull factor created by politics,
[00:03:12] created by the socialist government in Spain and also created with what you
[00:03:16] mentioned, the EU migration pact, because
[00:03:18] what is the EU migration pact about? It's about distributing
[00:03:22] the
[00:03:23] in burden of illegal immigration across Europe to all
[00:03:26] countries, and without stopping illegal.
[00:03:30] in entry, that should be the first priority
[00:03:32] of the European Union, that was the first priority of our government in
[00:03:36] Hungary since the 2015 migration
[00:03:39] of crisis and it was successful one, you
[00:03:43] can stop illegal immigrants at the
[00:03:46] borders, of course there's a lot of
[00:03:49] pressure from media, there's a lot of pressure from
[00:03:53] NGOs and there was
[00:03:54] of a lot of pressure on Hungary from the European Commission, just to remind the
[00:03:58] viewers, we were find one.
[00:03:59] million euros per day, plus a sum of 200 million
[00:04:04] of euros, to change our laws and to allow illegal immigrants to enter
[00:04:08] the territory of Hungary and therefore the Shengen
[00:04:11] zone, and do asylum procedures
[00:04:15] for illegals who are already in
[00:04:17] the EU, then usually disappear,
[00:04:20] of so this is very bad, there is very bad
[00:04:24] 10 years looking back in terms of European migration policy and
[00:04:28] water protection, and what has
[00:04:30] of we have
[00:04:30] of witnessed in Spain in the last couple of months now, is a
[00:04:34] turbo boosting of this very bad policy and
[00:04:38] basically giving out
[00:04:40] of a free blank check to legal immigrants, you're telling them, well
[00:04:44] you're here illegally, we'll just legalize you,
[00:04:47] of what should people think who were contemplating on entering the
[00:04:51] EU illegally, if not that this is the
[00:04:54] of moment to go, on that look,
[00:04:56] Pablo Andres mentioned that the suspended Shengen range.
[00:05:01] backed by Finland and Denmark, that was by Italy, what's
[00:05:05] your opinion
[00:05:06] on that? thoughts that was it
[00:05:09] justified? not at all, mean at
[00:05:11] the end
[00:05:11] of the day. area was not in any danger right, the still a and
[00:05:15] Zeuta has very specific arrangement with the rest of continental europe as
[00:05:19] it were, and they have to be border controls and there are passport controls going from
[00:05:23] Thelta to to continental spain as it were right, so
[00:05:26] not a single mangrad made it to the Shengen area, I don't see,
[00:05:29] I don't remember, I haven't recall or haven't seen anybody from this particular world of migrants
[00:05:33] appearing at the borders of Hungary or any other European country, the
[00:05:37] vast majority them went back and turned back and return to Morocco, yes
[00:05:41] this shouldn't have happened. was it's a very bad look right, it's a terrible
[00:05:44] look, and there may be an argument to be made about
[00:05:48] this has been partially influenced by the recent legalization or
[00:05:52] regularization of migrants in Spain from Pedro Sanchez, and we'll find out
[00:05:56] about that more. the regularization of
[00:06:00] of of migrants that just happened in April in Spain was primarily aimed at
[00:06:04] Latin American, particularly Colombian, uh, Venezuela,
[00:06:07] Ecuadorians, some Mexicans, Argentinians, lot more migration from Latin America,
[00:06:11] there were of course some... people from northern Africa as well right, but it's a different
[00:06:15] different phenomena and most migrants that come through Europe from Spain
[00:06:19] do not do it through the enclave theuta because I still have to go through
[00:06:23] the sea all the way to continental spain and it's a lot harder to do so,
[00:06:26] so
[00:06:27] it is not a great look, it's terrible, but I think i'll be very careful with the language as well,
[00:06:31] how we portray this as well, this was not an invasion, the schengen area was
[00:06:35] not under threat, it was terrible event, and let's not forget as
[00:06:39] well the human cost of this crisis, because at least 70 people los
[00:06:42] lives in something that was completely avoidable, right? so I think we have to be
[00:06:46] careful with how we portray this, how we paint this? yeah, absolutely. I mean, Pablo said it
[00:06:50] there, Zoe, let's not forget about the more than 50 people that
[00:06:54] reportedly dead as result of of
[00:06:57] this, has the political debate here
[00:07:01] in your view overshadowed the the humanitarian
[00:07:05] tragedy that we saw? yeah, I think I think
[00:07:08] that's probably fair to say, the focus has been on the politics.
[00:07:13] um rather than the lives lost, we know that the people in
[00:07:17] thouta, although many them have shown some
[00:07:20] solidarity with the people who are still there, the the migrants, many them are
[00:07:24] minors, so that procedure for repatriation is a bit more
[00:07:28] complex, they have shown solidarity, the authorities they
[00:07:32] have taken the most the necessary humanitarian
[00:07:35] steps, i think there's a sort of a divided
[00:07:39] feeling between compassion and concern for those individuals who
[00:07:43] arrived on the beach uh with with literally just the clothes on
[00:07:47] their back uh versus the massive numbers that that it
[00:07:51] flooded in um as we know the population of thot is around
[00:07:55] 8000 so it was almost the same number of migrants who
[00:07:58] arrived on on the shores so this obviously
[00:08:01] caused caused people to sort of retreat into their homes close
[00:08:05] up shops etc. so i think there is there is this rather
[00:08:09] awkward confrontation that people having to face here in Spain
[00:08:13] themselves, how to what extent do we show our
[00:08:17] concern and our compassion for those in in the position
[00:08:21] the migrants versus our sense of
[00:08:24] security and our sense of sort of
[00:08:28] secured borders, so yeah, I think it's a very, it's a very
[00:08:31] difficult difficult one for for many people here in
[00:08:34] Spain.
[00:08:39] In April, Peterted Victor Orban become Hungarian Prime
[00:08:43] Minister following a 16-year reign, Majar has vowed to
[00:08:47] dismantle what he calls the corrupt and illiberal system
[00:08:51] established under Orban. He's in the process of removing
[00:08:54] key officials and launching corruption probes into the former prime
[00:08:58] ministers in a circle. Some are hailing the new government for
[00:09:02] cleaning up Hungarian politics, while critics are calling it a
[00:09:06] destruction the rule of law. Hungary, let's not forget,
[00:09:10] has billions of euros in frozen. EU funds
[00:09:14] at stake here, so to what extent is the
[00:09:17] pace of Majar's reforms being driven by this August
[00:09:21] deadline here? Well, the thing
[00:09:25] is, um, I would uh, I would say that
[00:09:28] the, I wouldn't use the word reforms uh, that you have
[00:09:32] used earlier, um, this is, this is
[00:09:35] retribution, and
[00:09:36] this is a government is is a government of avengers, um,
[00:09:40] the Peter is using the, dismantling
[00:09:43] the what he calls the urban regime as
[00:09:47] smoke screen to actually destroy the entire
[00:09:50] Hungarian conservative national network and and
[00:09:54] sphere and this is exactly what is expected of
[00:09:57] him to do
[00:09:59] and what is what is happening
[00:10:03] with
[00:10:03] the with what you asking about the speed of the reforms
[00:10:07] um we all wanted reforms and and I
[00:10:11] think um this was Victor Orban's mistake that he didn't listen
[00:10:15] to the independent Hungarian Conservative
[00:10:18] network that was asking for reform and
[00:10:21] there was a bubble around Fedes, but what we got is is... is
[00:10:25] basically the destruction the rule of law in Hungary and
[00:10:29] the neostalinist cult of personality against
[00:10:33] around Peter, this is this is not reform and it should not
[00:10:37] be should not be called that, and all these
[00:10:40] comparisons, well this is exactly what
[00:10:42] what Victor Orban did earlier for
[00:10:46] 16 years, I don't think they stand the the
[00:10:50] test of reality, we did not have political prisoners as we
[00:10:54] do. "the offices and and the servers
[00:10:58] the opposition party have not been raided by Victor
[00:11:02] Orban, the president was not forced
[00:11:05] out, etc., etc., so these comparisons of of
[00:11:09] any sort of existing parallels are are limping in my
[00:11:12] view. Gerge, Daniel there, calling it
[00:11:16] retribution, Mark calling it normal
[00:11:19] politics, where's the line
[00:11:23] between transitional justice..." and political
[00:11:25] revenge? it's hard to say really because
[00:11:29] um obviously retribution or writing the wrongs
[00:11:33] the unsian regime was one the major things that the
[00:11:37] electorate has requested, and well the
[00:11:40] hungarian public is used to this majoritarian politics partly because
[00:11:44] of what the orban regime has done that basically whatever the majority be
[00:11:48] the majority of orders or the majority in parliament requires will
[00:11:52] happen regardless of whether that violates. any
[00:11:55] principle of rule of law, european standards or so and so on,
[00:11:59] but this has been a Hungarian staple in
[00:12:03] politics since the 90s. Hungary is the only country
[00:12:06] in the region that didn't have that hasn't had snap elections since
[00:12:09] 1990, every government in some way shape or
[00:12:12] form was there for four years, they were elected for four years, the
[00:12:16] parliament remained in place for four years, which is unusual in European politics,
[00:12:20] European politics is usually about lot of coalition disputes, lot of
[00:12:24] governments just dissolved. being early elections being called, Hungary
[00:12:27] has not been subject to that, the Hungarian public is used to having a
[00:12:31] stable majority and whatever the majority says pretty much goes.
[00:12:35] Mark, regular transition or not, recent polling does
[00:12:39] suggest that Teaser remains comfortably ahead,
[00:12:43] but support has slipped, so are you surprised
[00:12:46] that the government has has seen a drop in support so
[00:12:49] soon? not
[00:12:51] especially, once
[00:12:55] governments actually move implementing the
[00:12:58] promises uh that they make, and this applies not just to Hungary, but
[00:13:02] really anywhere you have democratic
[00:13:03] system, the people
[00:13:07] in the populist will be, not as
[00:13:10] happy, they the promises and the way that they're kept, the
[00:13:14] concrete programmatic implementations
[00:13:18] will disappoint some people, and so you have people who express their
[00:13:22] disappointment by responding to... polls and pull numbers
[00:13:26] drop uh, the question i think
[00:13:29] for petyard will be to pay attention to how low his pull
[00:13:33] numbers go um and how and
[00:13:37] to you do course corrections uh if in fact it seems
[00:13:41] like uh the way that he's implementing these
[00:13:44] policies are is impacting negatively his
[00:13:47] popularity in Hungary as a whole and so far there
[00:13:51] hasn't really been a lot of uh to move the needle uh a
[00:13:55] a strongly negative direction, it's it seems to me like it's
[00:13:59] just some people who are
[00:14:01] you know not exactly happy with the way that certain policies
[00:14:05] have been implemented and uh and that's for petdad
[00:14:08] to to address if it becomes serious
[00:14:11] problem.
[00:14:16] the European Union is set to adopt a new digital euro an
[00:14:20] effort to advance the continent's financial independence in
[00:14:24] technology. Almost two-thirds of card payments in the
[00:14:27] euro zone are handled by non-European companies.
[00:14:31] Lawmakers argue payment systems are instrument of power
[00:14:35] and the moves been framed as an effort to regain European
[00:14:38] independence from American payment systems. Why are
[00:14:42] they doing this? Well, I think the context the last few years is that
[00:14:46] we've had separate developments in the crypto world and blockchain
[00:14:50] technologies uh, which central banks want to stay top
[00:14:53] of, and also on the other hand we have the... use of cash, so the original
[00:14:57] rational, and why
[00:14:58] the ECB started looking into central bank digital currency, by
[00:15:01] the way, not the only central bank, in fact most central banks are looking into some form
[00:15:05] their own digital currency is to preserve sort of
[00:15:08] stable, secure access to digital form of cash for for
[00:15:12] people when cash sort of is a secular decline,
[00:15:16] over time, this started in 2020, and then over time with the new Trump
[00:15:19] administration, the the argument that's gained prominence is more about European
[00:15:23] sovereignty, monetary sovereignty. without cutting our reliance, if
[00:15:27] you will, on American payment providers, which we rely on so
[00:15:30] heavily, but that's really something that's sort of been added on later on, the
[00:15:34] initial context comes from really
[00:15:36] the technological. development that happen in the world as well as there's
[00:15:40] declining use of cash and it really started off as a small sort of
[00:15:43] technical working group at the ECB that's kind of gained the life of
[00:15:47] its own
[00:15:48] and and continued as as it often does. Cedric, to
[00:15:51] you, is that the primary motivation here that there's a huge
[00:15:55] reliance in Europe on American payment platforms like
[00:15:59] visa, mastercard and paypal,
[00:16:03] and the EU basically wants to have their own
[00:16:05] version. Yeah, of course it's a
[00:16:08] motivation, yeah, even if this
[00:16:12] dominance of visa and mastercard and all the system
[00:16:15] is is quite different from the different
[00:16:18] countries in the eurozone, for example,
[00:16:22] in France, we we have our own banking card system
[00:16:26] called CB, so we are much more independent,
[00:16:30] but on the northern country of Europe,
[00:16:32] the they heavily rely on the visa in mastercard, so yeah, it's a
[00:16:35] legitimate motivation. but in my opinion
[00:16:39] it's not the digital era is not necessarily
[00:16:42] the the best solution to achieve better sovereignty but we will talk
[00:16:46] about that thank you oliver to you
[00:16:49] so the EU
[00:16:50] wants financial resilience it strikes me that they're a little bit
[00:16:54] late to this digital party that's going on lot of others have made big
[00:16:58] strides well I don't think that's
[00:17:01] really an argument because she can say better late than never now
[00:17:05] different question if if if "this is the right solution,
[00:17:09] um, but where we stand now we have that the European parliament voted
[00:17:13] overwhelmingly in favor to start negotiations with the member
[00:17:17] states on how we could shape this digital euro, so that's where we
[00:17:20] are, and tell me, you're quite optimistic about
[00:17:24] this,
[00:17:27] well, optimistic, I'm not sure if I'm optimistic, I'm just
[00:17:31] describing the situation as it is, the European parliament
[00:17:35] wants to have it, the member states now have..." to agree to it,
[00:17:39] and even then, if we will have it in terms of legal
[00:17:43] foundation, still the European Central Bank needs to first start kind of a
[00:17:46] model, and then it can be introduced only later, I understand
[00:17:50] 1929, and you at the end the day, the citizens, the
[00:17:54] consumers decide if they like the digital euro or if they like any other
[00:17:58] forms of payment or whatever we have, and mind
[00:18:01] you, the world moves very fast, in 29,
[00:18:05] maybe everything looks different. Thank you, Daniel, how
[00:18:09] popular will this be, because I can't remember the last time I actually had cash and
[00:18:13] coins in my hands. Well, that is the big question, but it's important to know that the
[00:18:17] ECB or when it's rolled out, there
[00:18:19] there will be different mechanisms that potentially can be uh used to
[00:18:22] incentivize or even force uh people to use the digital euro
[00:18:26] uh, for example, what if government transfers, if you're recipient of
[00:18:30] it uh are only paid in in this into your digital euro
[00:18:33] wallet, or if some form of payment can only be conducted in this. That's
[00:18:37] that's the uncertainty, but we can look at the example of China, which is already rolled out, it's digital
[00:18:41] Uan, and it's actually the the use has has grown very very
[00:18:45] fast, and part of that is because consumers and
[00:18:49] businesses are nudged or kind of forced to to use
[00:18:52] it through sort of concrete limits on their action of what they can do, or
[00:18:56] even expiry of imagine you get you some payment into your wallet, but it expires
[00:19:00] a few days, you need to spend it, so that's a way to nudge economic
[00:19:04] agents towards state objectives if you will, and tell me is
[00:19:08] there any concern about the the age and the demographics involved here that you
[00:19:12] know young people will jump on board with this, they'll handle the technology, they'll have a digital
[00:19:16] wallet, but say pensioners, older people, vulnerable people, people
[00:19:20] who aren't texavy, got any concerns about them? well, that's different
[00:19:23] rationals for why these digital currencies are are rolled out or central bank
[00:19:27] currencies, there's an example in the bahamas where it's a it's
[00:19:30] a set of remote islands that are prone to natural disasters where a lot of
[00:19:34] people are excluded from the financial system and it's been rolled. out there relatively
[00:19:38] successfully for for financial inclusion purposes, that's not the case
[00:19:42] in the euro zone everybody who wants to have a bank account who wants to be included in the
[00:19:46] financial system already is, the people who are not chose
[00:19:50] not to be, and so that's why this idea of let's include more
[00:19:54] people that are currently excluded, the argument does not work in the eurozone,
[00:19:57] so that's why a take-up is the issue, it comes down to incentives, the latest
[00:20:01] proposal that i've seen is that the the deposits that you have in the digital wallet will not
[00:20:05] have any interest, now that's major sort of drawback compared to
[00:20:09] commercial deposits, especially if you assume that interest rates by the ECB
[00:20:13] are going to stay hard for longer now, that means commercial deposits are going to have an attractive interest
[00:20:17] rate, why would people keep any money or use the digital euro if it's just
[00:20:21] idle money attracting no
[00:20:22] interest?
[00:20:27] the infrastructure powering the booming AI industry is consuming
[00:20:31] massive amounts of electricity and water. new study shows
[00:20:35] data centers are raising the temperature. the ground around
[00:20:39] them, adding to environmental concerns, now affected
[00:20:42] communities are pushing back in protest, just
[00:20:46] give us your thoughts on the report and the environmental. impact
[00:20:50] these AI data centers, how worried are you about what you're
[00:20:54] seeing? I suppose we can add
[00:20:58] this to the list of consequences of data centers that we did not
[00:21:01] initially account for, and the list is already getting rather
[00:21:05] long, so we have the obvious things associated with data centers and
[00:21:09] power consumption being carbon emissions and being water
[00:21:12] consumption, now we're talking about heat islands uh, but at
[00:21:16] the same time you also have to think about other stuff like if you happen to
[00:21:20] be living near bio data center, it might not just be heat, it might also be the
[00:21:23] noise that is affecting you from these data centers. if you are living
[00:21:27] near the power generation source for these data centers, you might actually
[00:21:31] deal with level thermal pollution as well, because power plants
[00:21:35] tend to dump warmer water into whatever
[00:21:39] source of water they're using, um, which is
[00:21:42] another heat effect uh, that's just
[00:21:46] few things popping up uh these data center.
[00:21:50] is use uh potable water uh, lot of water
[00:21:54] evaporates, becomes unavailable for reuse, can accessibate local
[00:21:57] water scarcity, the list goes on and on, there are so many
[00:22:01] consequences and these research papers are shedding light
[00:22:05] on more and more these consequences, I think it's really important,
[00:22:09] as was already stated just now, that we keep in mind all these
[00:22:13] potential consequence that we are first aware them, and we we keep them
[00:22:17] in mind whenever we're building out this type of infrastructure, because otherwise
[00:22:21] we end up with an unsustainable situation. Thank you, Alex.
[00:22:25] Debra, does it strike you was odd that AI is racing ahead, this
[00:22:28] revolution, but there's no regulation. Um, no, it doesn't
[00:22:32] strike me as odd. I think this is um, is actually part the sort of human
[00:22:36] condition that we invent things and then
[00:22:40] we realize the consequences afterwards, and um,
[00:22:44] even H.G. Wells, the famous British author, talked about this something
[00:22:48] like hundred years ago, so... um it's it's
[00:22:51] not surprising and but the um I
[00:22:55] think that AI appeared or was sort of
[00:22:58] introduced into the public domain if you like through um chat
[00:23:02] gpt and similar uh programs but it's been
[00:23:06] very um but it's been under development for many years
[00:23:09] in used in academia and and parts of industry
[00:23:13] and so forth for much longer than it's uh you know prior to it
[00:23:17] being introduced into the public to moun domain for general
[00:23:21] use um and it's almost now we're trying to shut
[00:23:25] the stable door after the horse has bolted and so many people
[00:23:29] are really excited about it um and
[00:23:32] you know there's no definitely no going back um it's
[00:23:36] just um the lack of regulation and I think it
[00:23:40] does depend where you live um obviously
[00:23:44] there are very different attitudes in different continents to caring
[00:23:48] for the environment and so for. um, but we definitely do
[00:23:52] need some legislation in order to manage this, and
[00:23:55] be it through planning or whatever, we definitely need
[00:23:59] more legislation to not necessarily control
[00:24:03] use of AI, but to um
[00:24:06] influence, positively influence the location of
[00:24:10] data centers and so forth. Jane, I saw a statistic
[00:24:14] last week which shocked me, I'm from Ireland, as you know,
[00:24:18] 22% of our electricity.
[00:24:29] got to think the the string and that's going on the electricity grid and we're still
[00:24:33] early days that's that's only going to increase um and and it's
[00:24:37] part of what frustrates me is when you see the the speed
[00:24:40] um that the infrastructure is being built i think if only
[00:24:44] that that energy and that intention and that will had been
[00:24:48] the same for for net zero. building renewable energy
[00:24:51] sources, we could have mitigated some the problems we are
[00:24:55] experiencing now, because we can't have uh
[00:24:59] communities come second place to data centers, we have to still
[00:25:02] be people and planet first. don't give me wrong, i am pro AI, i want to
[00:25:06] see adoption of AI, but not at the detriment
[00:25:10] of of communities and environments as well,
[00:25:14] so yeah, i am hoping that the data centers now are going
[00:25:17] to start to look at um other. sources their energy, you
[00:25:21] know, um, nuclear, small modular reactors, more
[00:25:25] renewable sources, I just we cannot go backwards and start to
[00:25:29] rely on fossil fuels again. Thank you. Alex, it
[00:25:33] strikes me that the data centers they're building now, were at the we're in the
[00:25:36] foothills the AI revolution. In years to come,
[00:25:40] these data centers will be mega centers and we'll need even more
[00:25:44] energy. Yeah, the power demand of data
[00:25:47] centers is exploding and fuel. look at the numbers
[00:25:51] by for example the UN university or the international energy
[00:25:55] agency, we see that data centers are already responsible
[00:25:59] for one and a half percent of global electricity consumption.
[00:26:02] and this number is generally expected to double in the coming few
[00:26:06] years, so by 2030 data centers might be using 3% of
[00:26:10] global electricity consumption, and a local number a local
[00:26:14] level these percentages can be lot higher. i know in my home country, the Netherlands
[00:26:18] data centers already represent 5% of our electricity grid, this number
[00:26:21] could also potentially double to 10% or more. um, these are
[00:26:25] staggering numbers that are using to provide power to
[00:26:29] one single sector, one single industry. uh and
[00:26:33] the weird thing is it's not even clear
[00:26:36] what we're getting back from
[00:26:38] this
[00:26:43] and remember you can see more discussion and debate on our youtube
[00:26:47] channel search for round table trt world and if you like what you
[00:26:51] see hit the subscribe button you can also listen to select
[00:26:54] episodes wherever you get your podcast but for now from me and the rest
[00:26:58] the team here goodbye and thanks for watching
[00:27:20] new chapter in Afghanistan insurrection and even an attempt in coup are just
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[00:30:15] Turkey, Saudi Arabia and Pakistan signed defense pact pledging a
[00:30:19] joint response to attack any member. Turkish President,
[00:30:23] Richeb Tayp Erdogan says the alliance targets no
[00:30:26] country. United States, Iran and
[00:30:29] Oman appear to be edging closer to an inter agreement
[00:30:33] that could reopen the straight of horm. hello
[00:30:37] and welcome to TRT World Live from Istanbul, I'm Hasim Seaker
[00:30:41] also ahead on the program. in Colombia, right wing
[00:30:45] abelardoriya has been sworn in as the
[00:30:48] country's new president, amid
[00:30:50] protests. in Thailand, at least five
[00:30:54] people have been killed and more than 30 injured after teenager
[00:30:58] open fire a secondary school.