Welcome to the Program Europe is facing a severe economic shock because of the coronavirus last night you need a signed off on an Emergency Rescue package to help countries deal with the economic fallout of the crisis they also agreed in principle to set up a fund to secure the blocks long term recovery but theyre still divided on how this should be financed. The Video Conference was the 4th such meeting since the virus hit e. U. Countries and expectations were lower e. U. Member states of so far failed to agree on how to help those economies hit hardest by the pandemic but after just a few hours the Council President emerged emphasizing the countrys common interests this toned image this putting out of sight is and serious through there will be interest of each e. U. Member states depends on the will be of the whole of the e. U. We are all in this together michel said leaders have agreed to task the e. U. Commission with linking a Recovery Plan to the a use next long term budget a u Commission President found a line called for unity unless we acted decisively and collectively the recovery will not be symmetric and divergences between Member States will increase. Speaking to the press and berlin after the meeting german chancellor Angela Merkel also stressed what this meant for europes biggest economy. Thats what are there for the good for germany it means we have to expect higher contributions for the next budget. Its clear we need some kind of financial instrument or Recovery Plan. Or Recovery Fund Recovery Fund and i want to be very clear here the collective response is also in germanys interest in. Berlin has expressed a willingness and recent days to offer more aid to other struggling in your economy. And eurozone finance ministers had already agreed on the principle of an e. U. Recovery fund the big problem the size and nature of this new debt instrument has yet to be decided but after thursdays meeting italian Prime Minister just sepic on to hailed the progress being made. The most important thing is that this urgent and necessary instrument has been confirmed it led to calls for our initiative and the letter signed by the countries was very important an instrument like this was absolutely unthinkable until now. Despite the price details on the planet spots and many suspect the e. U. Commissions toughest negotiations are yet to come and they dont because on and band he joins me from brussels now for more band what exactly have european leaders agreed to. By their leaders decided to have this Emergency Fund 500000000000 euros which consists of loans the Member States can get from the european institutions they also agreed on 3 trillion euros that are pledged by the national Member States for their own National Economies and on top of that they now want to establish a Recovery Fund worth around one trillion to 1. 00 trillion but it is not decided to how this Recovery Fund will be financed and who will at the end get the money lots of details have to be worked out but leaders stressed that they want to show solidarity but everybody of course things sort of for his own coffers no more running in the run up to this meeting corona bones were being touted as a possible way to fund this long term Recovery Fund so is this idea effectively dead. Yes and no there is still the concept of common debt that somehow has to be taken to to finance this endeavor but this will not be named carone of bonds anymore because many countries like germany say this concept is that in the vault but the commission now has the top that you commission has to toss to come up with some model finding sing and comment that certainly of a player owes the e. U. Commission may take some loans get some loans on the Financial Markets and hand them to the Member States but this is not decided the Member States on the message like it or leave on grounds not loans about other Member States like say only loans in the making you cant get grants just money for free but even those norms or grants whatever the case may be need to be secured against something and event may be talking about that looking at increases in you budgets i mean that is something that was being discussed. Most of the Member States and you commission of faith. Through to leverage this loans through the common e. U. Budget which is there which is trusted and the budget is but the budget is too small for that right now so they have to increase this coming budget and that means that Member States also have to pay more into this coming budget you commission once to double this budget in the next 2 or 3 years that means 300000000000 euros have to come from them misstates 25 percent of that from germany but also 13 percent italy so far so its that the question how will this be financed and will the Member States in the south actually do that and also the Member States in the east have to pay more than they do now and they are not willing to do that as of now so lots of work that except it will be in may and this new Recovery Fund shall kick in next year you know because bond and band and he get in brussels thank you very much all that here now is a look at some of the latest developments in the corona virus pandemic around the world the global the death toll from covert 19 has surpassed 100 in 1000 according to Johns Hopkins university in the United States the number of confirmed cases is approaching 3000000 china has reported no new coronavirus deaths for the 9th straight day and just 6 new cases 2 of those were brought from overseas with 4 domestic cases indonesia one temporarily banned domestic and International Air and sea travel starting this week its already banned movement from cities to the provinces during the ramadan holiday period and scientists at Britains Oxford University have started to newcome trials of a potential covert 1000. 00 vaccine its the latest in a growing number of european efforts aimed at developing a vaccine. The pandemic is pushing u. S. Jobless numbers to highs not seen since the Great Depression of the 1930 s. The most recent figures show one in 6 American Workers has been thrown out of the job in the past 5 weeks thats 26000000 men and women of washington correspondent all of us all it as wall. When montelena alya looks at her old construction site she still struggles to comprehend what happened 3 weeks ago the immigrant architect from poland was working on one of washingtons biggest apartment buildings then she lost her job in just a blink of an eye its a very challenging it was a hard time saying actually to even an intro for unemployment it took me 2 weeks of nonstop calling sometimes i was on the hold for 56 hours in her 20 years in america leno was able to build a life she owns her own home. And raises 2 sons. You know for the 1st time she is fighting to make ends meet she cant afford the mortgage and she has been forced to learn new skills like home schooling the kids who want to tell. Can recount i have students who have. Savings will last for another few weeks she says she is trying not to think about what comes after that. Call. The right now the main thing gets to. Being able to provide them with food and to have a shelter and we dont have that then we are in there only about stories. Only a few miles away in washington sean neighborhood bar that was shut down has reopened as a food Bank Catering to some of those who are hit the hardest is. Laid off workers from the Hospitality Business get one hot meal per day has been tough is day by day but all you can do is just be optimistic and you know be glad that youre healthy you have my wife. And well were for your restaurant and we are now working its very hard these are great people and i appreciate everything they do it gets me through some type of tours that could have been a lot so for. The bars owner and of ali arrowhead to furlough 70 off or 85. 00 employees she collected some 300000 u. S. Dollars in donations and is now trying to keep the community afloat. Here in d. C. One in 7 workers is actually in the Hospitality Industry so youre talking about a huge number of people who are suddenly hitting the the Public Safety net programs and so there have just been a lot of delays in them receiving the aid that theyre applying for it. How much of my delina l u 2 is still waiting for her unemployment 8 as a skilled worker she hopes to find a new job once the crisis is over but she knows that Many Americans will not be that lucky. And heres a look at some other stories making headlines around the wild a portuguese Bargain Center has been evacuated after the vast majority of the 175 residents tested positive for the new coronavirus. Testing of all residents of the miss been facility after one of them was found to be carrying the virus. Police in the democratic republic of congo face dont follow was a. Term to read on his residence and control the standoff comes a day after members of the Anti Government from the just group clashed with police resulting in. South african president sort of ramaphosa has announced steps to gradually lift the countrys lockdown starting may the fast restrictions on travel and some industries weve used South Africans have been under more those for almost a month with ascension trips the only exceptions. Activists in several countries have staged demonstrations against the law some are demanding to be allowed to go back to what others see the destructions as a violation of their civil rights a correspondence reflect on the situations in brazil the United States and germany throughout latin america were seen quarantine related protests and while in most countries citizens are taking to the streets asking for more Government Support during the pandemic the protests in brazil certainly stand out because theyre led by none other than the president. Has been heavily criticizing quarantine measures calling them job killers among other things and that is a rhetoric that doesnt only resonate with his hardline supporters it also appeals to those brazilians who are more worried about an economic crisis than about a Health Crisis freedom fear thats a quarter message from protesters here in the u. S. They are popping up across the country to rally against stay at home orders they are a small part of the population but theyre getting a lot of attention and they seem to have the backing president hes defended and encouraged them even though theyre flouting the social distancing policy of his own government. Due to several measures currently in place here in germany to try and curb the 1000. 00 virus several basic rights have been restricted including the freedom to movement the freedom to demonstrate and the freedom to worship german chancellor Angela Merkel herself said it was one of the hardest decisions of her career to limit peoples freedoms but at the same time germanys Constitutional Court has made it clear that such restrictions on basic rights can only be accepted for a limited strict period of time at the same time judges have also reiterated that there can be no blanket ban on the right to demonstrate. In berlin street gets. A mirror by the anonymous british street artist banksy with the pianist your drum has been given a vitus related facelift of sorts the take on dutch artist. A girl with a pearl earring appeared on a homicide building in bristol in west england in 2014 its not clear if the mosque was added by the artist of the covert 1000 did not appear on the artist Instagram Page or banksy normally you work for. This is it of unusable and a quick reminder that you can get news and features on the blog on our website i did have a dot com with feet up to and twitter added up to news ive been issued by magic im back in 45 minutes. Combating the corona pandemic. Where does research stand. What are scientists learning. Background information and news. Hour carona update. Covert 19 special next on d w. How does a virus spread. Why do we panic and when well. Just through the cracks
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