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countries led by italy and spain want the european union to ease access to financial markets by creating so. called bonds but the idea was resisted by richard northern states including germany the netherlands and finland and it's. a very abrupt regard who is following the story for us from brussels about tell us what exactly is in that steel. that was a big sigh of relief in all $27.00 capitalists of the european union after the finance ministers in the euro group struck this deal late in the night after 2 days of fia's negotiations of bargaining and bickering and. sent a no the politic is finance minister the head of the euro group said these are bowed and bishes decisions we made it and all of shows the german finance minister said this is a great day for sort of dairy tea and it's also a great day for you pretend you didn't because the union can act so in the deal itself contains 3 components firstly there is a loan guarantee by the european investment bank in luxembourg 200000000000 euros for small sized and medium sized companies the secondly there is a new unemployment scheme to fi
countries led by italy and spain want the european union to ease access to financial markets by creating so. called bonds but the idea was resisted by richard northern states including germany the netherlands and finland and it's. a very abrupt regard who is following the story for us from brussels about tell us what exactly is in that steel. that was a big sigh of relief in all $27.00 capitalists of the european union after the finance ministers in the euro group struck this deal late in the...
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i think there's been a lot of frustration in the past of italians with regards to the european union there's a feeling that it's really is really struggling right now with an immense death toll was close to 18000 and so because of this immense death toll and the suffering at that experience here it's healing it's as if the european union has abandoned italy at the time and suffering the bowls and they are still calling for the idea of a euro bond mechanism of dealing with the financial situation the economic crisis that the country is facing on top of a health crisis even individuals that are pro european union are feeling as if the viewer has turned its back on it and particularly the countries in north that it's really it's excuse me in northern europe in particular germany and that they're the ones they feel that they need the support right now and it's not a case of good talking to thanks for joining us seem a go to interrupt. well 18000 people have died from corona virus infections in the united states but in the u.s. on track to overtake it's in a as a country with the highest
i think there's been a lot of frustration in the past of italians with regards to the european union there's a feeling that it's really is really struggling right now with an immense death toll was close to 18000 and so because of this immense death toll and the suffering at that experience here it's healing it's as if the european union has abandoned italy at the time and suffering the bowls and they are still calling for the idea of a euro bond mechanism of dealing with the financial...
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countries led by italy and spain wanted the european union to ease access to financial markets by creating so-called corona bonds but the idea was resisted by some member states including germany the netherlands and finland. and earlier i spoke with our correspondent regard to brussels and i asked him whether the measures that have been agreed would be enough but all experts in brussels and also the european central bank says these emergency funds worth 540000000000 euros are not enough you need a recovery fund to restart the european economy after the coronal crisis the e.c.b. talks about 1.5 trillion euros and you have to combine that also with the national measures germany alone is pledging one trillion yoan run trillion euro for its own economy so the numbers are really high and this is only the beginning of the discussions and the money has to flow the italian fine is mr roberto got here he said vincentio i have one and also the dutch finance minister. on the other side said we have fun because now there will not be any ikoro no bones no debt issued by all member states the common deb
countries led by italy and spain wanted the european union to ease access to financial markets by creating so-called corona bonds but the idea was resisted by some member states including germany the netherlands and finland. and earlier i spoke with our correspondent regard to brussels and i asked him whether the measures that have been agreed would be enough but all experts in brussels and also the european central bank says these emergency funds worth 540000000000 euros are not enough you...
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earlier this week southern european countries wanted the union to do more to ease access to financial markets by creating so-called corona bonds but that idea was vetoed by wealthier countries such as germany the netherlands and finland. you know motus is following the story for us in brussels guild you tell us more about what's in this deal right this rescue plan basically consists of 3 safety nets 1st of all there is the money that comes from the european bailout fund the so-called european stability mechanism some $240000000000.00 euros secondly there is the european investment bank that will hand out loans to small and medium sized companies worth some $200000000000.00 euros and finally there is a short time work scheme from the european commission worth $100000000000.00 euros so in total we're looking at over half a trillion euros and that is why the head of the euro group mario sent a note today and wanted to clarify when he was asked why this has taken so long seeing that the meeting was delayed and it took a couple of days until they made this decision that is exactly why it t
earlier this week southern european countries wanted the union to do more to ease access to financial markets by creating so-called corona bonds but that idea was vetoed by wealthier countries such as germany the netherlands and finland. you know motus is following the story for us in brussels guild you tell us more about what's in this deal right this rescue plan basically consists of 3 safety nets 1st of all there is the money that comes from the european bailout fund the so-called european...
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there was a big sigh of relief in all 27 capitals of the european union after the finance ministers in the euro group struck this deal late in the night after 2 days of fia's negotiations of bargaining and bickering and not send him out he was sent a no the part of his finance minister the head of the euro group said these are bowed and vicious decisions we made it and all of shows the german finance minister said this is a great day for sort of dairy tea and it's also a great day for their european union because the union can act so in the deal itself contains 3 components firstly there is a loan guarantee by the european investment bank in luxembourg 200000000000 euros for small size and medium sized companies the secondly there is a new unemployment scheme to finance unemployment benefits in poorer member states worth 100000000000 euros by the e.u. commission made available by that you commission and there's also a 3rd component 240000000000 euros from the european stability mechanism the years m. which was created in the greek crisis that now makes money available for italy france
there was a big sigh of relief in all 27 capitals of the european union after the finance ministers in the euro group struck this deal late in the night after 2 days of fia's negotiations of bargaining and bickering and not send him out he was sent a no the part of his finance minister the head of the euro group said these are bowed and vicious decisions we made it and all of shows the german finance minister said this is a great day for sort of dairy tea and it's also a great day for their...
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union is under threat unless member states come together italy along with spain and france wants the e.u. to raise joint funding by issuing so-called corona bonds prosperous northern nations including germany and the netherlands reject that idea. and earlier we asked our correspondent band leader in brussels whether the measured measures that have been agreed would be enough but all experts here in brussels and also the european central bank says these emergency funds worth 540000000000 euros are not enough you need a recovery fund to restart the european economy after the coronal crisis the e.c.b. talks about 1.5 trillion euros and you have to combine that also with the national measures germany alone is pledging one trillion yoan one trillion euro for its own economy so the numbers are really high and this is only the beginning of the discussions and the money has to flow and the italian time is mr roberto got here he said vincentio i have one and also the dutch finance minister. on the other side said we have fun because now there will not be any corona bones no debt is issued by
union is under threat unless member states come together italy along with spain and france wants the e.u. to raise joint funding by issuing so-called corona bonds prosperous northern nations including germany and the netherlands reject that idea. and earlier we asked our correspondent band leader in brussels whether the measured measures that have been agreed would be enough but all experts here in brussels and also the european central bank says these emergency funds worth 540000000000 euros...
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union is under threat unless member states come together and italy along with spain and france wants the e.u. to raise joint funding by issuing so-called corona bonds other nations including germany and the netherlands reject that idea and. not correspondent teri schultz is following this story for us in brussels terry tell us more about what's in this deal. well the deal doesn't cover everything yet it was a preliminary preliminary step but there's a lot of relief that countries have agreed that the euro euro group finance ministers have agreed to take more of a joint approach to dealing with the economic fallout now some of the major elements are that there will be and employment insurance fund for companies so that they can cut employees hours and not jobs that's a huge concern with so many people sitting at home so many people having lost their jobs already so this is expected to help businesses keep more people on the payroll they will also loosen credit lines for both businesses and for governments and that's a big deal it of course doesn't go as far as many governments like it
union is under threat unless member states come together and italy along with spain and france wants the e.u. to raise joint funding by issuing so-called corona bonds other nations including germany and the netherlands reject that idea and. not correspondent teri schultz is following this story for us in brussels terry tell us more about what's in this deal. well the deal doesn't cover everything yet it was a preliminary preliminary step but there's a lot of relief that countries have agreed...
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earlier this week southern european countries led by italy and spain wanted the european union to ease access to financial markets by creating so-called corona bombs but the idea was resisted by rich northern states including germany in that islands and finland. more were trying to buy backs weaker it was following the story for us from brussels about tell us a little bit more about what exactly is in this very highly anticipated deal. there was a sigh of relief in all $27.00 capitals of the european union after the finance ministers struck this deal affect 2 days of very fierce deliberations and they gave themselves a round of applause on this and amalia was sent a no the portuguese finance minister the head of the euro group said these are both of them vicious decisions that been not possible just a few weeks ago and the german finance minister all of charlotte said this is a good day for you going to good day for so deputy the package contains of 3 components 1st there come $200.00 billions of loans for small and medium enterprises from the european investment bank in luxembourg 100
earlier this week southern european countries led by italy and spain wanted the european union to ease access to financial markets by creating so-called corona bombs but the idea was resisted by rich northern states including germany in that islands and finland. more were trying to buy backs weaker it was following the story for us from brussels about tell us a little bit more about what exactly is in this very highly anticipated deal. there was a sigh of relief in all $27.00 capitals of the...
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there was a sigh of relief in all $27.00 capitals of the european union after they find his mrs is struck this deal affect 2 days of very fierce deliberations and they gave themselves a round of applause on this and amalia was sent a no the portuguese finance minister the head of the euro group said these are both into business decisions that ben not to possibility just a few weeks ago at the german finance minister or not show it said this is a good day for you going to good day for so today t. the package contains of 3 components 1st there come 200 billions of loans for small and medium enterprises from the european investment bank in luxembourg 100000000000 euros in a new unemployment scheme and 240000000000 euros of cheap loans from the european stability mechanism a rescue fund originally created in the greek crisis and these loans not come without any conditions in the netherlands caved in here and italy one said the italian finance minister after the deliberations all together 540000000000 euros the biggest package the union has ever made and italy and spain date they were among th
there was a sigh of relief in all $27.00 capitals of the european union after they find his mrs is struck this deal affect 2 days of very fierce deliberations and they gave themselves a round of applause on this and amalia was sent a no the portuguese finance minister the head of the euro group said these are both into business decisions that ben not to possibility just a few weeks ago at the german finance minister or not show it said this is a good day for you going to good day for so today...
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i think there's been a lot of frustration in the past of italians with regards to the european union there's a feeling that it is really struggling right now with an immense death toll was close to 18000 and so because of this immense death toll in the south and that experience here the feeling is as if the european union has abandoned italy at the time suffering the bones and they are still calling for the idea of a europe born mechanism for dealing with the financial situation the economic crisis that the country is facing on top of a health crisis even individuals that are pro european union are feeling as if the viewer has turned its back on italy particularly the countries in the us it's excuse me in northern europe in particular germany and that they're the ones they feel that they need the support right now and not conceived good talking to you thanks for joining us seem a go to interrupt i want to say the eurozone finance ministers have a great plan to deal with the economic impact of the pandemic contentious issues including the idea of pulling debt into so-called corona bom
i think there's been a lot of frustration in the past of italians with regards to the european union there's a feeling that it is really struggling right now with an immense death toll was close to 18000 and so because of this immense death toll in the south and that experience here the feeling is as if the european union has abandoned italy at the time suffering the bones and they are still calling for the idea of a europe born mechanism for dealing with the financial situation the economic...
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germany's government is asking the european union for help after a german ngo ship rescued 150 migrants near the libyan coast and only in malta have warned that foreign flag ships will not be allowed to dock because of the coronavirus pandemic meaning that people on board will have no way to leave the vessel. top oil producing nations have agreed to cut world production by 15 percent in the hope of stabilizing low oil prices there had been resistance from mexico a mexican negotiators backed down after the united states agreed to scale back production. the syrian region of libya has been one of the worst affected by 9 years of civil war a cease fire in march finally reduced the civilian death toll there but the spread of covert 19 poses a new threat to the region's 3000000 people observers are on edge about what an outbreak there could do. in the bombing has fallen silent but now fear is spreading about an insidious killer coronavirus no one knows how far it is in full trade of the city at the hospital everyone's temperature is taken but there aren't the resources to tackle an epidemic.
germany's government is asking the european union for help after a german ngo ship rescued 150 migrants near the libyan coast and only in malta have warned that foreign flag ships will not be allowed to dock because of the coronavirus pandemic meaning that people on board will have no way to leave the vessel. top oil producing nations have agreed to cut world production by 15 percent in the hope of stabilizing low oil prices there had been resistance from mexico a mexican negotiators backed...
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union japan the rest of asia africa pushing us along i think we can get this global coordination and it's necessary one to finance the search for a cure and for a vaccine and from diagnostics and therapeutics secondly to build capacity because we're building each other at the moment for limited capacity we've got to build capacity in test kits and build it and ventilators never thing else and suddenly of course driven the 2nd and 3rd round of disease which has to be done by acting collectively they recently helped pen an open letter to the g. 20 it was signed by more than $200.00 former world leaders and called for a coordinated global response to the crown a virus do you think should lean that response. i think we need 2 things 1st of all a pledging conference to deal with the financing of global howth and i do believe that the european union has a major role to play in in leading this bringing and japan canada korea and then bringing in china of america and i think secondly we need a g. 20 tassels we need this coordination 'd on a week to week day to day level if we're going to get
union japan the rest of asia africa pushing us along i think we can get this global coordination and it's necessary one to finance the search for a cure and for a vaccine and from diagnostics and therapeutics secondly to build capacity because we're building each other at the moment for limited capacity we've got to build capacity in test kits and build it and ventilators never thing else and suddenly of course driven the 2nd and 3rd round of disease which has to be done by acting collectively...
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yes absolutely i mean i think it was an acknowledgement of a collective failure of the european union in 2 ways really both on the member states side so the individual countries not doing enough in the early stages of the crisis to coordinate to help each other out something that is really definitely bore the brunt of and also i think the system as a whole failed to recognize the severity of the crisis early on now of course you know this apology to italy is partly a signal of what's gone wrong in the past but i think it's also very much a message about the future because the next big challenge is to put together a huge package of funding to get the e.u. economy going once the pandemic has begun to recede and it's going to be a key player in this those negotiations because it isn't just have a problem with the virus it has a huge problem with debt so i think a lot of this message from also love on the line is about aiming it is really in trying to get them on board for those very difficult negotiations to come and as that response begins to form richard i mean it's interesting because
yes absolutely i mean i think it was an acknowledgement of a collective failure of the european union in 2 ways really both on the member states side so the individual countries not doing enough in the early stages of the crisis to coordinate to help each other out something that is really definitely bore the brunt of and also i think the system as a whole failed to recognize the severity of the crisis early on now of course you know this apology to italy is partly a signal of what's gone wrong...
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union's peace project is actual solidarity with greece but also with people who have a right to a dignified life without hunger without was here and also one life in peace. i believe in freedom. thousands of minors are stuck on the greek islands living in overcrowded camps they are mostly boys who fled their countries alone before the coronavirus crisis a group of european countries pledged to take in 1600 of them but the process has stalled and observers report the situation in the camps is getting worse. thought and. there's not enough space is not enough medicine not enough doctors on site to deal with the situation appropriately it's really embarrassing and we're here in europe and we're not able to make sure these people's lives and no longer in danger and even before. germany wants to follow luxembourg's lead it is expected to take in up to 50 unaccompanied minors next saturday. there's been international condemnation of donald trump's decision to freeze u.s. funding of the world health organization president trump accused the u.n. body of failing in its response to the corona virus o
union's peace project is actual solidarity with greece but also with people who have a right to a dignified life without hunger without was here and also one life in peace. i believe in freedom. thousands of minors are stuck on the greek islands living in overcrowded camps they are mostly boys who fled their countries alone before the coronavirus crisis a group of european countries pledged to take in 1600 of them but the process has stalled and observers report the situation in the camps is...
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i'm off it's good to have you with us today europe apologized to italy the european union commission president or soften the lion today admitted that europe was unprepared when the coronavirus pandemic hit and that it failed to help when italy became the epicenter of the outbreak with more than 22000 coronavirus deaths italy is europe's hardest hit country european countries were slow to send medical aid to italy some countries even banned the export of vital medical supply its own dressing the european parliament in brussels today ursula fund a lion apologized to italy and said that europe has now come together like never before to overcome the pandemic. yes it is true that no one was really ready for this. it is also true that too many were not there on time when italy needed a helping hand at the very beginning and yes for that it is right that europe as a whole offers a heartfelt apology but saying sorry only counts for something if it changes behavior and the truth is true that it did not take long before everyone realized that we must protect each other to protect ourselves and
i'm off it's good to have you with us today europe apologized to italy the european union commission president or soften the lion today admitted that europe was unprepared when the coronavirus pandemic hit and that it failed to help when italy became the epicenter of the outbreak with more than 22000 coronavirus deaths italy is europe's hardest hit country european countries were slow to send medical aid to italy some countries even banned the export of vital medical supply its own dressing the...
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the pandemic is the biggest have so the european union has ever faced but she promises to do all she can to ensure that the e.u. emerge stronger from the crisis and. for help from a woman in jordan renews concerns around the global. violence many victims suffer in silence and in isolation what's being done to help them. it's good to have you with us britain's prime minister boris johnson has been moved to intensive care in a london hospital after his coronavirus symptoms reportedly worsened johnson tested positive 10 days ago he was taken to the hospital over the weekend because his symptoms were not getting any better he tweeted earlier today that he was in good spirits and he has remained in touch with his. but at the hospital in central london the symptoms tonight got worse johnson is now said to be conscious and receiving some oxygen support. our. correspondent. there what more can you tell us about the condition of the prime minister well the prime minister has been brought to sing thomas' hospital just across the river from downing street so very close to where he self isolated
the pandemic is the biggest have so the european union has ever faced but she promises to do all she can to ensure that the e.u. emerge stronger from the crisis and. for help from a woman in jordan renews concerns around the global. violence many victims suffer in silence and in isolation what's being done to help them. it's good to have you with us britain's prime minister boris johnson has been moved to intensive care in a london hospital after his coronavirus symptoms reportedly worsened...
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economies as a whole including credit lines via the european union commission which would be allowed to issue loans in support of endangered economies under a natural catastrophe for vision of the treaties but she did not give in to pressure for europe corona bans a public debate here in germany was also focusing on the time off to the crises exit strategies are being discussed did she say anything about any possible exit strategy. she did she said that we would be a very bad government if we weren't thinking day and night about how to relax these very very tough restrictions that we've imposed and she did by the way thank all germans for their compliance with the restrictions she said we absolutely are looking at that but i must tell you that restriction will not occur any time soon at the earliest we will begin to look at it next week after easter and public health will remain our top priority by all concerned regardless of all concern for the economy public health must remain the priority and therefore we will continue to be looking at the rate of reproduction of this virus and it
economies as a whole including credit lines via the european union commission which would be allowed to issue loans in support of endangered economies under a natural catastrophe for vision of the treaties but she did not give in to pressure for europe corona bans a public debate here in germany was also focusing on the time off to the crises exit strategies are being discussed did she say anything about any possible exit strategy. she did she said that we would be a very bad government if we...
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business d w news live from berlin germany is ready to help european union partners in the face of the coronavirus chancellor merkel says the pandemic is the biggest test the u.s. face since its foundation pledges the doc will emerge stronger from the process. also coming up we hear from medical workers in one of germany's coronavirus hot spots they are under relentless pressure to treat the sick. and britain's prime minister is in hospital with a coronavirus bob's downing street says boris johnson and johnson is still in shock the governor says he's undergoing tests after showing persistence of. i'm gad alpha's welcome to the program chancellor angela merkel has suggested that germany is ready to help the european union that gets back to economic health once the coronavirus pandemic is over she said it was in germany's interest that europe should emerge strongly from what she called the used biggest test since its foundation at the same time germany is to impose a 2 week orenstein on citizens and long term residents returning from travels abroad. back in the chancellery after 2 weeks
business d w news live from berlin germany is ready to help european union partners in the face of the coronavirus chancellor merkel says the pandemic is the biggest test the u.s. face since its foundation pledges the doc will emerge stronger from the process. also coming up we hear from medical workers in one of germany's coronavirus hot spots they are under relentless pressure to treat the sick. and britain's prime minister is in hospital with a coronavirus bob's downing street says boris...
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this should be the focus of the german government the european union. an act has also said that health will always be the priority consider as now german business leaders and economists say it's high time for a debate on the easing of restrictions and a clear exit strategy from this containment but the government seems to think it's too early is it. well right now we can see in the german society in german businesses a high degree of agreement with the measures taken however some of the measures up to sniff as aba tree people do not understand why they can buy a bicycle in a supermarket where the bicycle store is closed so we have to avoid the discussion that leads to a situation and which more and more citizens do not agree anymore with the measures taken by the government spending and that is the reason why the discussion on easing the measures will become more intense after easter holy days this is the reason why we need to clear criteria on when the measures can be used this is the reason why we need a transparent discussion also by scientists and t
this should be the focus of the german government the european union. an act has also said that health will always be the priority consider as now german business leaders and economists say it's high time for a debate on the easing of restrictions and a clear exit strategy from this containment but the government seems to think it's too early is it. well right now we can see in the german society in german businesses a high degree of agreement with the measures taken however some of the...
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says the pandemic is the biggest test that the european union has ever faced but she promised to do all she can to ensure that the e.u. emerges stronger from the crisis also coming up tonight the 1st responders on the front line of this pandemic we'll take you to one of germany's response spots and hear how nurses and doctors are facing pressure and risks as they treat the sick. i'm burnt off it's good to have you with us it is too early to talk about the beginning of the end of this pandemic that was the message today from german chancellor angela merkel she told reporters that now is not the time to consider lifting restrictions or easing lockdowns instead merkel said now is the time to help each other she suggested that germany is ready to help the european union get back to economic health and she admitted that the pandemic is the biggest test that the e.u. has ever known. back in the chancellery after 2 weeks in quarantine and 3 negative current virus tests german chancellor angela merkel made have a time. yeah you guys standards are going down. in my opinion europe the european un
says the pandemic is the biggest test that the european union has ever faced but she promised to do all she can to ensure that the e.u. emerges stronger from the crisis also coming up tonight the 1st responders on the front line of this pandemic we'll take you to one of germany's response spots and hear how nurses and doctors are facing pressure and risks as they treat the sick. i'm burnt off it's good to have you with us it is too early to talk about the beginning of the end of this pandemic...
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of the pandemic is the biggest test the european union has ever faced she's pledged to germany is ready to contribute as the. economic rescue plan. and could form be facing financial ruin. by this pandemic. if one can take. me back. to the program britain's prime minister boris johnson has been moved to intensive care in a london hospital after his symptoms was johnson has been hospitalized in london since the weekend. 2 weeks ago. and has been receiving oxygen but is not on a ventilator he has tweeted that he was in good spirits and remained in touch. with his team downing street has said foreign minister dominic robb will be deputizing for him where necessary. the democrats want to big boss is following developments in london good morning to a bigot what is the latest on boris johnson's condition. well as of this morning paris we haven't had any updates to we know that he was taken into intensive care as a precaution but of course we also know that if somebody is taken into an intensive care unit at this moment of crisis it is definitely serious for a lot of people they will be very v
of the pandemic is the biggest test the european union has ever faced she's pledged to germany is ready to contribute as the. economic rescue plan. and could form be facing financial ruin. by this pandemic. if one can take. me back. to the program britain's prime minister boris johnson has been moved to intensive care in a london hospital after his symptoms was johnson has been hospitalized in london since the weekend. 2 weeks ago. and has been receiving oxygen but is not on a ventilator he has...
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union do to prevent the pandemic from becoming a bigger recession. finance ministers are divided especially over one controversial proposal with the name. it's good to have you with this it has been another grim day for new york as the city's death toll from the corona virus soared close to 3500 despite that the governor of the state of new york andrew cuomo says that the number of deaths in the city appears to be leveling off and that it shows that social distancing is working a quote somewhat upbeat assessment it did not stop the pain of those in those overstretched hospitals whether as patients or as nurses or doctors. new york fishies doctors work around the clock to save lives that makeshift hospitals like this one the governor's daily messages are sounding increasingly bleak more people in the city have now died from kovac 19 of them perished in the september 11th terrorist attacks in 2001 tuesday's number was especially grim 731 people dead the largest daily number of record it's so far. behind every one of those numbers is an individual is of
union do to prevent the pandemic from becoming a bigger recession. finance ministers are divided especially over one controversial proposal with the name. it's good to have you with this it has been another grim day for new york as the city's death toll from the corona virus soared close to 3500 despite that the governor of the state of new york andrew cuomo says that the number of deaths in the city appears to be leveling off and that it shows that social distancing is working a quote somewhat...
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union as well finance ministers are due to meet today for talks on how to stave off a recession and get america has pledged germany support and member states battered by the cut on autos are desperate to get the money flowing but there's fierce debate over how to do that. the scale of the looming economic crisis is hard to fathom in europe like in much of the rest of the world empty streets and shuttered shops show just how suddenly dramatically business has grind to a standstill national governments in the 19 member eurozone have been introducing stimulus packages aimed at keeping businesses and their employees afloat. now another question has arisen how to pay for it all at present each country in the eurozone is responsible for its own debt this means that a country with a poor credit rating like italy has to pay a higher interest rate than a lesson destination like germany the idea behind the so-called corona bonds is to pool debt instead this would ease borrowing costs for a country like italy to increase the burden for more credit worthy nations like germany the idea has predi
union as well finance ministers are due to meet today for talks on how to stave off a recession and get america has pledged germany support and member states battered by the cut on autos are desperate to get the money flowing but there's fierce debate over how to do that. the scale of the looming economic crisis is hard to fathom in europe like in much of the rest of the world empty streets and shuttered shops show just how suddenly dramatically business has grind to a standstill national...
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in germany chancellor angela merkel says the country is ready to help the european union get back to economic health once the coronavirus pandemic is over merkel said it was in germany's interest that europe should emerge stronger from what she called the e.u.'s biggest test since its foundation but she said it was too early to think about lifting lockdown measures. back in the chancellery after 2 weeks in coron 1003 negative current virus tests german chancellor angela merkel made her return. yeah disasters are going to have in my opinion europe the european union is facing its biggest test since its foundation a population's loans to small and medium sized businesses up 280-0000 euro rice. these middle companies are widely seen as the heart of the german economy. as of the inside allowed to anyone who was economically active last year those who registered turnover those who recorded normal economic activity and made a profit they can get 3 months turnover as a loan from the bank which in this case will be 100 percent financially underwritten by us that means the banks will not have
in germany chancellor angela merkel says the country is ready to help the european union get back to economic health once the coronavirus pandemic is over merkel said it was in germany's interest that europe should emerge stronger from what she called the e.u.'s biggest test since its foundation but she said it was too early to think about lifting lockdown measures. back in the chancellery after 2 weeks in coron 1003 negative current virus tests german chancellor angela merkel made her return....
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union set and that was europe will be forged in crises and i think that is exactly what we're seeing here in case of the finance ministers rules being hammered out under extreme pressure. is that thank you very much. to motor racing now and formula one team bosses have met to discuss ways of protecting the sport from financial problems caused by the coronavirus that's a reduction of the budget come under consideration will you spin 3rd formula one team to put their staff on force leave until the end of may teams drivers and executives have had to take a 20 percent pay cut back for similar moves for mclaren and racing part. of the formula one season have already been canceled due to the pandemic. well a little earlier we spoke to former formula one world champion nico rosberg he says rescue the season will require creativity including quite literally a change of direction i hope that they can still stage a couple of races maybe they can become a little bit created a double header weekends where maybe on a saturday it goes one way and suddenly goes the other way around the racetrack an
union set and that was europe will be forged in crises and i think that is exactly what we're seeing here in case of the finance ministers rules being hammered out under extreme pressure. is that thank you very much. to motor racing now and formula one team bosses have met to discuss ways of protecting the sport from financial problems caused by the coronavirus that's a reduction of the budget come under consideration will you spin 3rd formula one team to put their staff on force leave until...
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chancellor angela merkel has said that germany is ready to help the european union get back to economic health once the coronavirus pandemic is local said it was in germany's interest that europe should emerge strongly from what she called the e.u.'s biggest test since its foundation but she said it was too early to think about lifting lockdown measures. back in the chancellery after 2 weeks in coron 1003 negative current virus tests german chancellor angela merkel made her return. after 2 garden go. in my opinion europe the european union is facing its biggest test since its foundation populations are also facing a huge health challenge. all the e.u. member states are being affected on varying levels we're all affected. and so it must be in everyone's interest and it is in germany's interest that europe should emerge strongly from this test. as merkel voiced her concerns for europe on monday the government's crisis group agreed to institute a 2 week quarantine for people returning to germany from a full 10 all german nationals e.u. citizens and other longtime residents who return after
chancellor angela merkel has said that germany is ready to help the european union get back to economic health once the coronavirus pandemic is local said it was in germany's interest that europe should emerge strongly from what she called the e.u.'s biggest test since its foundation but she said it was too early to think about lifting lockdown measures. back in the chancellery after 2 weeks in coron 1003 negative current virus tests german chancellor angela merkel made her return. after 2...
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union together and we think it's not a good way to insist on a complete utilization of the debt in specially at your mutual eyes the former dept from the past would not be. a step of solidary parity in a because those who had a know it it like for instance. or not the are or is still your or netherlands. they they would be. they would have to take that burden and do we believe that as really there it is not a one way street. there from the f.t. party thank you. here are some of the other headlines making news this hour the former senior catholic george pell has been freed from prison in australia after the high court quashed a conviction for child sexual abuse later arrived at a monastery near melbourne the senior catholic church figure was serving a 6 year prison term but i've maintained his innocence in the high court from the original jury and an appeals court has made errors hell has been released from prison after serving more than $400.00 days. accord in slovakia has handed down a 23 year prison sentence to the killer of investigative journalist john could check and his fiance the coup
union together and we think it's not a good way to insist on a complete utilization of the debt in specially at your mutual eyes the former dept from the past would not be. a step of solidary parity in a because those who had a know it it like for instance. or not the are or is still your or netherlands. they they would be. they would have to take that burden and do we believe that as really there it is not a one way street. there from the f.t. party thank you. here are some of the other...
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union said and that was europe will be forged in crises and i think that is exactly what we're seeing here in case of the finance ministers rules being hammered out under extreme pressure you know much as that thank you very much. world leaders have been sending messages of support to britain's prime minister boris johnson who is in intensive care suffering from the coronavirus chancellor merkel of germany which johnson much strength and a speedy recovery while u.s. president on the trump said all americans were praying for johnson's recovery the prime minister has been hospitalized in london since the weekend after testing positive for corona virus nearly 2 weeks ago his office says johnson is not on a ventilator and does not have pneumonia foreign minister dominic robb is deputising for him where necessary. the overall death toll in the u.k. is now more than $6000.00 according to the department of health that puts it force in the world after italy spain and france let's cross over to w. correspondent charlotte potts in london joel what is the latest on the condition of the prime min
union said and that was europe will be forged in crises and i think that is exactly what we're seeing here in case of the finance ministers rules being hammered out under extreme pressure you know much as that thank you very much. world leaders have been sending messages of support to britain's prime minister boris johnson who is in intensive care suffering from the coronavirus chancellor merkel of germany which johnson much strength and a speedy recovery while u.s. president on the trump said...
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of finance ministers from the european union have been holding coronavirus crisis talks by video conferencing trying to stave off a looming recession they've agreed to finalize a rescue plan for member states worst hit by the virus on the table is a safety net worth half a trillion euros but there are deep divisions over how best to use that money think outside of the box that is what council president michel told eurozone finance ministers this appears to be the result 3 potential measures to breathe life into europe's virus hit economy. first the e.u. adepts its bailout fund with a firepower of $410000000000.00 euros that pot safe to greece during the financial crisis secondly an extra $200000000000.00 euros in loans for small and medium sized companies from the european investment bank. and finally a short time work scheme suggested by the e.u. commission worth $100000000000.00 euros it would encourage companies to cut workers' hours not their jobs. hard hit nations such as spain and italy welcome the idea but they say they need more so-called corona bonds a new type of public debt instrum
of finance ministers from the european union have been holding coronavirus crisis talks by video conferencing trying to stave off a looming recession they've agreed to finalize a rescue plan for member states worst hit by the virus on the table is a safety net worth half a trillion euros but there are deep divisions over how best to use that money think outside of the box that is what council president michel told eurozone finance ministers this appears to be the result 3 potential measures to...
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union how much of a threat could this be of this this failure to address the financial situation in the block to the e.u.'s a whole. if all the 1st time it's a real thought that the e.u. might fail and that the eurozone actually might fail and this the german chancellor could 2 days ago said this is the biggest test the european union has ever faced and today the spanish government not only to tell you but also the spenders government says that you could fail over this if we do not stand together right now is not find a common finance instrument for all of us then the e.u. is not necessary anymore than to reach out with a view from brussels thank you so much. well let's get you up to speed now on other stories making headlines germany's love times and said to close its budget airline german wings and decommissioned more than 40 of its planes it's become the 1st major airline group to announce permanent cuts as a result of the coronavirus crisis of tons it is also planning to reduce the fleets of subsidiaries austrian airlines swiss and you're owings. economists in germany are expect
union how much of a threat could this be of this this failure to address the financial situation in the block to the e.u.'s a whole. if all the 1st time it's a real thought that the e.u. might fail and that the eurozone actually might fail and this the german chancellor could 2 days ago said this is the biggest test the european union has ever faced and today the spanish government not only to tell you but also the spenders government says that you could fail over this if we do not stand...
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union how much of a threat could this be if this this failure to address the financial situation in the block to the e.u.'s all. if all the 1st time it's a real threat that the e.u. might fail and that the eurozone actually might fail and this the german chancellor angela merkel 2 days ago said this is the biggest test the european union has ever faced and today the spanish government not only tell you but also the spanish government says that you could fail over this if not stand together right now is not find a common find an instrument for all of us then the e.u. is not necessary anymore than to regard with the view from brussels thank you so much. let's get you up to speed now with some of the stories making headlines a con amiss in germany are expecting that the country will see its biggest quarterly decline in g.d.p. on record as a result of the pandemic leading researchers say that the economy is set to shrink close to 10 percent between april and june that would be the biggest drop since quarterly figures were 1st collected in 1970. germany's love tons a is said to close its
union how much of a threat could this be if this this failure to address the financial situation in the block to the e.u.'s all. if all the 1st time it's a real threat that the e.u. might fail and that the eurozone actually might fail and this the german chancellor angela merkel 2 days ago said this is the biggest test the european union has ever faced and today the spanish government not only tell you but also the spanish government says that you could fail over this if not stand together...
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countries and then as a person or using the different instruments available to do the european union and then there's quite a lot we got the europeans support mechanisms for go the european investment bank we got the policies of the e.c.b. but the mix of that remains to be figured out and they is as you pointed out an element of the tension between the north and south you know one of the governments in the south is the time government and it's other than for demanding you financial support but you tweeted that that's because of course the heavy pressure from the right radical opposition and that it is playing a highly dangerous and do your own opinion game so what you're saying is it's all politics then and not financial meat. what is financially oppressive and there is no question in europe that so there is a need for huge stumps model of a deliberate spade and father says where everyone is going to be affected so it's more the question of what ballot is and the opposition this of the no position if the law itself into particular make it is that they want. which is sort of strange b
countries and then as a person or using the different instruments available to do the european union and then there's quite a lot we got the europeans support mechanisms for go the european investment bank we got the policies of the e.c.b. but the mix of that remains to be figured out and they is as you pointed out an element of the tension between the north and south you know one of the governments in the south is the time government and it's other than for demanding you financial support but...
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actually this is a huge threat to the european union because he did he has a concept is in question here and the german chancellor. really said this is the biggest has that europe has ever faced since his voice was founded 70 years ago and the spenders government issued a statement after the euro group that says if we don't get together now then europe is at it at the brink of failure then we don't need the european union anymore i just want to band in brussels and you so much for that. but let's get you up to speed with the other stories making headlines around the world economists in germany are expecting the country to see its biggest quarterly decline in g.d.p. on record as a result of the pandemic leading researchers say the economy is likely to shrink by almost 10 percent between april and june that would be the biggest drop since quarterly figures or 1st collected in $1070.00. it's fair to 85 percent of the 10 workers in portugal could be temporarily laid off in april the coronavirus epidemic has had a major impact on the country's tourism dependent kaname the hotel association of
actually this is a huge threat to the european union because he did he has a concept is in question here and the german chancellor. really said this is the biggest has that europe has ever faced since his voice was founded 70 years ago and the spenders government issued a statement after the euro group that says if we don't get together now then europe is at it at the brink of failure then we don't need the european union anymore i just want to band in brussels and you so much for that. but...
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union as a whole union as a whole the european union because so dirty as a concept this is. at the brink of failure then then we don't in brussels thanks so much for that. the world on time in living memory predicts that world fade could drop by almost a living memory predicts that world fade could drop by almost a 3rd of this year in the months ahead. off during april the coronavirus epidemic has had its. but aid but aid organizations warn of the province where over 3000000 people has been keeping in touch with people in need keeping in touch with people in need lives like to live in a live in confidence will resume. for weeks now 26 year old child city in syria where the coronal it's difficult has been holding an adlib for 4 weeks now for 4 weeks now the city is coming back to life for this week in other countries but the coronavirus here is serious that he will. to hundreds of thousands of people are trying to raise an interesting jurist to tackle this pandemic she. took to talk to her to is an anesthesiologist and general manager one of the few hospitals still 5 ventilat
union as a whole union as a whole the european union because so dirty as a concept this is. at the brink of failure then then we don't in brussels thanks so much for that. the world on time in living memory predicts that world fade could drop by almost a living memory predicts that world fade could drop by almost a 3rd of this year in the months ahead. off during april the coronavirus epidemic has had its. but aid but aid organizations warn of the province where over 3000000 people has been...
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countries wanted the union to do more to ease access to financial markets by creating so-called corona bombs but that idea was vetoed by wealthier countries like germany the netherlands and finland. and the. masses is following this story for us a in brussels welcome i go tell us more about what's in this deal. the plan that has now been agreed to is consists of 3 safety nets 1st of all you have the european bailout fund the european stability mechanism and here quite essentially the ministers have agreed that the conditions to get money from that bailout fund will be very low and that is something very much in the interest of spain and italy and that was a big concern for the netherlands who apparently backed in on that occasion the 2nd pillar if you want is the european investment bank that will provide guarantees and certainly there will be a short time work scheme that has been set up by the european commission in total we're looking at 500000000000 euros that will be made available and quite essentially there will there will be talks about a future plan to ensure economic recovery
countries wanted the union to do more to ease access to financial markets by creating so-called corona bombs but that idea was vetoed by wealthier countries like germany the netherlands and finland. and the. masses is following this story for us a in brussels welcome i go tell us more about what's in this deal. the plan that has now been agreed to is consists of 3 safety nets 1st of all you have the european bailout fund the european stability mechanism and here quite essentially the ministers...
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and the european union is struggling to find common ground as it tries to shore up its coronavirus hit economies southern member member nations want the block to do more to ease their access to financial markets by creating a euro bonds or corona bonds as they as they've been called but wealthier northern states such as germany the netherlands and finland opposed to the idea after marathon talks failed on tuesday night the pressure is now on for e.u. finance ministers to do a deal on thursday. spain versus the netherlands over. rome versus berlin. the german government believes existing tools are enough to protect a block from economic collapse. and they include using hundreds of billions of euros in bailout funds parked in what's known as the european stability mechanism to shore up struggling member states and a 200000000000 credit line at the european investment bank for struggling small and medium sized companies among the countries backing berlin's position in the netherlands i was on the hill and. we've come far but we're not quite done either. we are of course talking to each ot
and the european union is struggling to find common ground as it tries to shore up its coronavirus hit economies southern member member nations want the block to do more to ease their access to financial markets by creating a euro bonds or corona bonds as they as they've been called but wealthier northern states such as germany the netherlands and finland opposed to the idea after marathon talks failed on tuesday night the pressure is now on for e.u. finance ministers to do a deal on thursday....
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union to stand for its values. i mean i would say is and thank you so much. now let's take a look at some other coronavirus related news from around the world. the virus pandemic has now killed at least $100.00 doctors in italy and that's according to the country's national federation representing doctors the toll includes some of those whom d'italia government called out of retirement a month ago it's also estimated some 30 nursing staff have died from cope with 90. international monetary fund says the pandemic is causing the worst economic fallout since the great depression in the 1930 s. over $170.00 countries are expected to see a decline in per person income this year and almost total reversal of precursor of ira's projections emerging economies and low income nations will be worst affected . the us job market is continuing to collapse last week saw another 6600000 people filing for unemployment benefits bringing the total number to almost 17000000 the flood of new claims is so large that at least one state of
union to stand for its values. i mean i would say is and thank you so much. now let's take a look at some other coronavirus related news from around the world. the virus pandemic has now killed at least $100.00 doctors in italy and that's according to the country's national federation representing doctors the toll includes some of those whom d'italia government called out of retirement a month ago it's also estimated some 30 nursing staff have died from cope with 90. international monetary fund...
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union to stand for its values. i mean i would say is in berlin thank you so much now let's take a look at some other coronavirus related news from around the world the international monetary fund says the pandemic is causing the worst economic fallout since the great depression in the 19th over $170.00 countries are expected to see a decline in per person income this year and almost total reversal of free coronavirus projections emerging economies and low income the actions will be worst affected. russia and saudi arabia are reportedly close to reaching a deal on cutting oil production the news comes as the opec oil cartel holds a meeting via video link weak demand because of the coronavirus and the price war between moscow and riyadh have caused oil prices to plunge to an almost 20 year low . the u.s. job market is continuing to collapse last week saw another 6600000 people filing for unemployment benefits bringing the total number to almost 17000000 the flood of new claims is so large at least one state florida h
union to stand for its values. i mean i would say is in berlin thank you so much now let's take a look at some other coronavirus related news from around the world the international monetary fund says the pandemic is causing the worst economic fallout since the great depression in the 19th over $170.00 countries are expected to see a decline in per person income this year and almost total reversal of free coronavirus projections emerging economies and low income the actions will be worst...
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union to stand for its values. thank you so much. a 2nd look now at some other coronavirus related news from around the world british prime minister boris johnson remains in intensive care and sent thomas' hospital in london for a 4th day he's being treated for covert 19 the illness caused by the coronavirus british foreign secretary dominic robb was johnson's designated deputy says the prime minister is making quote positive steps. russia and saudi arabia are reportedly close to reaching a deal on cutting all production the news comes as the opec oil cartel holds a meeting via video link with the man because of the coronavirus and the price war between moscow and riyadh caused oil prices to plunge to an almost 20 year low. even the international monetary fund says the pandemic is causing the worst economic fallout since the great depression in the 1930 s. over $170.00 countries are expected to see a decline in per person income this year and almost total reversal of creek or one of our us projections emerging econ
union to stand for its values. thank you so much. a 2nd look now at some other coronavirus related news from around the world british prime minister boris johnson remains in intensive care and sent thomas' hospital in london for a 4th day he's being treated for covert 19 the illness caused by the coronavirus british foreign secretary dominic robb was johnson's designated deputy says the prime minister is making quote positive steps. russia and saudi arabia are reportedly close to reaching a...
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we're in the european union compete effectively in this new in. the twenty nine. today. this is news africa coming up in the next fifteen minutes africa's most populous nation goes to the polls candidates have been making their final pitches it's now up to nigeria's eighty four million registered voters to choose the next president we have an exclusive with one of the men vying for the top job. and the story of a young girl whose dream up becoming a superhero is threatened by terminal illness we'll talk to one of the screenwriter winning film supermoto. i'm christine when the while come to news africa it's good to have you with us the campaigning has ended and the candidates have said all they can say it's now time for voters to choose between continuity and reform in nigeria's presidential voters since the end of military rule twenty years ago it's the country's first presidential election to include a generation of bushes who have only known democracy flourish tequilla has this explainer on africa's biggest even action the right who made the current president mohamed w
we're in the european union compete effectively in this new in. the twenty nine. today. this is news africa coming up in the next fifteen minutes africa's most populous nation goes to the polls candidates have been making their final pitches it's now up to nigeria's eighty four million registered voters to choose the next president we have an exclusive with one of the men vying for the top job. and the story of a young girl whose dream up becoming a superhero is threatened by terminal illness...
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and now here at the heart of the european union in brussels we have twenty eight different realities and so i think people are really looking forward and need journalists they can trust for them to make sense of. it is not often i work at the w.
and now here at the heart of the european union in brussels we have twenty eight different realities and so i think people are really looking forward and need journalists they can trust for them to make sense of. it is not often i work at the w.
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union from the unit you from the african union and also from that it towards the west african. union or see that the process was conducted that free and very soon but they say is there's a problem which is a bit confusing is that that position now rejects so the run a rope for mike is that he rejects the election even though he says no going to appear ok that's a very interesting one ok so we're talking about a sow's niggas see big infrastructure projects at the time that he's and he's the president that lost him but take us into the minds of the people who brought back this president why do they feel like maki cell deserves another. i mean my descendants from has a poor means to to bring growth so he had he had a plane caused to emerging senegal so it's a big projects and so on which he tries to add to to to bring growth to the people and try to walk on social issues but the storm destined some people who are disappointed or so by my case not yet because as he was saying and yet much of that growth needs to translate into ordinary people's lives to read me my castle is not wit
union from the unit you from the african union and also from that it towards the west african. union or see that the process was conducted that free and very soon but they say is there's a problem which is a bit confusing is that that position now rejects so the run a rope for mike is that he rejects the election even though he says no going to appear ok that's a very interesting one ok so we're talking about a sow's niggas see big infrastructure projects at the time that he's and he's the...