The global corona crisis you can find more Information Online at e. W. Dot com and on t. W. Social media channels. Bringing in a bit more normality after 2 months of coronavirus closure of the Trading Floor of the New York Stock Exchange reopens well get the latest from our wall street correspondents. Also coming up the new commission is proposing of the last budget for the coming years but a rift between countries over how to finance the recovery. This is threatening to derail plans and spain is hoping for tourists the summer but will they visit a country heavily hit by the coronavirus and that. Im Chris Culliver in berlin walk through the program the Trading Floor of the New York Stock Exchange has reopened thats after the closure of 2 months due to the coronavirus and the sign of the times new York Governor Andrew Cuomo more a face mask to ring the opening bell wall the Trading Floor may be opening and it will not be business as usual the ongoing pandemic means traders are forced to wear masks and keep their distance from their colleagues. And the escort our man on wall street is theyre not on the Trading Floor yet but outside the New York Stock Exchange what have traders been saying about this day well it was clearly an emotional moment by the way traders were also not allowed to use public transport so they had to come with their own cars what one trader also told me but clearly in a very emotional moment the New York Stock Exchange was founded just 16 years after the declaration of independence so its one of the oldest institutions in the country but lets just listen in what one trader actually had today to say the message of the n. Y. S. E. Rate reopening is symbolic not only for our community our country but it is for the globe its showing that we are ready to reopen our economy and reopen our country and move things in the right direction i think over the last 2 months people have been waiting for this to happen waiting for signs and signals this clearly is one of those signals. And yet as happy as people are that they can come back to work at the New York Stock Exchange there where hurdles to take. Well they did have to sign a waiver so in case that they get infected that they are not going to sue the York Stock Exchange liability and that actually is a big topic not just for the New York Stock Exchange but for other enterprises as well and we will have this discussion going on when more and more businesses reopen because the liability is important so that companies a concrete sued by their workers and obviously the finance world is taken driven how important is it to be present on the floor and conduct your trades there. Its a big debate even before the coronavirus in most of the trading of the New York Stock Exchange it happened already fully automated but as traders keep telling me when youre hitched turbulences you want to have a human being in the cockpit and the same might be true for the Financial Markets but as i said its also emotional its tradition what is key here Stacey Cunningham the head of the New York Stock Exchange actually started as an intern here on the floor so also for her personally it was an important step here on tuesday and yes briefly as the Trading Floor reopened us stocks did have a pretty good day. Blue chips up by more than 500 points a good to 2 percent we had a mixture of better than expected Economic News to Consumer Sentiment or also of the housing industry then also some hope that some pharmaceutical and Biotech Companies might make progress when it comes to have a scene and then also businesses are all slowly opening up and it also gives traders now also on the frothy hook Stock Exchange some hope. For yes thank you. Lets take a look at some of the other business stories making headlines around the world frances president and model mccraw has announced an 8000000000 euro plan to save the countrys car industry from coronavirus losses a 1000000000 euros is likely to go towards subsidies for Battery Powered cars and incentives to scrap all the polluting vehicles racing car maker mclaren is laying off 8000. 00 workers the firm c. E. O. Saying he had little choice formula one racing has been stopped entirely and new car orders have tumbled as well. The European Commission wants to present its draft budgets to take the blocks through to 2027 it will also have to be a reconstruction plan to help the economy recover from the damage caused by the coronavirus and demick now frances president Manuel Mccraw and german chancellor Angela Merkel took the initiative to drop a plan to help europe climb out of the you can on the slump the commission would create a 500000000000 Euro Recovery Fund by borrowing from Financial Markets the aid would then be distributed by the e. U. Budget as subsidies to Member States and sectors that the coronavirus hit particularly hard some states have struck back saying they dont want to be responsible for the debt of others joining us now is professor hans venison he is the former president of germanys institute for Economic Research and known as a quite opinionated scholar its good to have you on the Program Professor is all stressed chances of busting courts correct when he calls the plan a gateway into a debt you. Yes i think so because. The e. U. Will borrow a 500000000000 euro was in under the current. Treaty this is strictly forbidden so a treaty change would be necessary for this to take place in a obviously. This is a step in to a debt to union is this a dangerous plan in your opinion. Yeah i think it would be more honest to provide the funds needed to help country through like italy with direct transfers out of the budget. And if a country in for dissipating country does not have enough money then it can borrow itself and that would count as National Debt this debt of the e. U. Is not counted as national did even though implicitly it is so they did constraints which would be automatically by only did it not respected by having these shared all budget at the e. U. Level so in your opinion giving out a loan sir countries that need financial help but be the better idea oh no thats a different issue the question is who quarrel is it the e. U. Or is it the separate countries and the 2nd question is. What is done with that money is it given as loan to particular countries or is a gift. In the case of heavily inflicted countries like italy i would find it more honest to give it is a gift im against boring at the e. U. Level. If we talk about loans i think weve weve been there i mean giving loans in the form of Financial Aid to greece for example in the aftermath of the financial crisis was quite problematic because from what it appears the debt load and the interest almost strangle the economic recovery do you see a similar danger here you know what italy is at the brink of bankruptcy we have to hilde italy in one way or another either the taxpayers of europe transferring money to the detail you stayed or there is a dip moratorium that is a debt relief given to you judy at the expense of its creditors there is not very much more we can do in helping italy to borrow is simply not a solution and sad isnt former president of the evil institute for Economic Research thank you for your thoughts spain as a country with a lot of sun and not of coastline is hoping for tourists the summer and wants to relax corona quarantine rules for visitors in july but in light of more than 27000 corona related deaths and spain are visitors ready to come. These beaches belong to the locals for now at least theyre enjoying their regained freedom to the fullest. A meal in a restaurant a glass of wine meeting friends all impossible for weeks until now during one of the strictest lockdowns in europe i love it if it develops that were celebrating that were allowed to go out again after 2 months its magic able to look at this sunshine we can have a beer and everything its wonderful yes just wonderful sylvia sylvia. Tourists will soon return to the relief of the sector that accounts for 12 percent of spains economy from july the 1st european guests no longer have to stay in quarantine for 2 weeks when arriving spain and its islands in europes most important holiday region the industry has vehemently advocated easing the restrictions. That you did good is the island lives from tourism he doesnt have coffee and trees or industry we live from the sun and the sea. David. But how many of the other wise 80000000 guests will actually come this year remains uncertain quarantine will be lifted here but what about when tourists return home the u. K. For example is keeping its 2 we quarantine for now which could reduce the chances of brits opting to sun themselves on a spanish holiday this year. And finally a low cost Airline Ryanair is set to submit a complaint to the European Court of justice against the German Governments rescue package for struggling competitor. Ryanair c. E. O. Michael oleary says that is dictated to state aid whenever there is a crisis 1st reflex is to put its hands in the German Governments pocket mr larry also said that the German Government broke you waltz right there has taken out a 600000000 pound loan from the u. K. Government but argues this is reasonable compared to those 9000000000 euro package. Thanks for watching your back with more. Nearly 1000000 People Killed in just 100 days. 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