He should learn his respect thing each team tough. Tough, tough, tough, modest man who stood shoulder to shit last summer. Just sucks, but respect. Can europe finally agree on a common coronavirus Recovery Plan . Even leaders are taking another crack at the 1. 8 trillion euro plan. It would help the likes of italy and spain its founder on the objections of other nations. Also on the show of the difficulties of african nations to piece together their own recovery funds and talk to one advocate of a very particular approach. Supposed covert investment and deal or no deal time is running out from brussels and london to ensure a smooth trade come january 1st. Now covert his complicating the negotiations. Hello and welcome to the show. Im Stephen Beardsley in berlin. Its good to have you with us. Oh, you heads of state and government are meeting today to discuss their pen demick response. An unprecedented aid package is on the table, but the Strings Attached have some Member States balking, and that could spell trouble for other Member States in need of the capital. Well, others still are better set up to fund their own relief efforts. Restaurants, gyms, theaters, some of the latest businesses eligible for german state. Since the start of november, the government has ordered places of social gathering shot, trying to reign independent state aid to firms and entrepreneurs is likely to add up to 40 percent of german Gross Domestic Product from last year. Cutting germanys debt to g. D. P. Ratio in recent years from 80 to 60 percent is paying off. This now gives us the chance to take on debt very favorable Interest Rate of negative interest. And so that gives us the leeway to actually give generous to companies who are affected by the crisis. Its not only individual countries forking out financial support, the block as a whole has also pledged a record 750000000000. 00 euro relief fund. But poland and hungary are vetoing the funding over its links to rule of law in new countries. It was such a positive signal that the member has agreed on this and youre not making this available. Somethings wrong, it really is a bad sign for the e. U. Project as a whole. And so this makes me feel right. And so i would very much hope that people call themselves together and actually make this happened. Experts are calling for structural change within the block to overcome this kind of impasse. So look there at how European Countries are approaching recovery funding. What about african countries . Its also complicated. The International Monetary fund anticipates g. D. P. Per capita in africa in Subsaharan Africa rather to shrink by an average of 5 point one percent across the region in 2020. Thats pretty significant. However, the resources to provide relief arent always on hands, though, according to the overseas development institute, as of mid august, the economic stimulus in 23. 00 of the 49. 00 Subsaharan African countries amounted to a meager 3. 4 percent of g. D. P. As compared to plans from g. 20 nations, which amounted to roughly 27 percent of their g. D. P. And there we see it there. The question now what to do with those limited resources for african countries . A one think tank focused on clean energy. The Rocky Mountain institute argues the country should focus on Energy Related projects. And the authors of a recent paper say that doing so would create new jobs to hear industries that need reliable electricity, and have spillover effects in other parts of the economy. And joining me now is one of the authors of that paper, francis lesia. He joins me from his excuse me, francis, welcome to the show. I 1st got to ask you, we just showed in the video wall that many of these countries have a problem securing the resources for what we would consider large scale stimulus plans. Why should they divert that money to Energy Projects . Thank you for having me, steve. And we have spent a lot of time working with a lot of partners on the continent as the Rocky Mountains to it. Ive been on for profit, but we have that focus on what was already a priority prior to that. And then me, which is basically energy access, it would not be diverting the resources, say, i would rather mention it as an unfortunate to leverage the friend the few night resource the countries have. And to say, synergies we ought to sectors because theyre atsic those that type of diocletian correctly such as agriculture that would largely benefit from the joint investments in yen or the sector. And that is really what we are not locating for. We are making the case of the Rocky Mountain news that the coach trees can seem a tennis, really invest wealthy energy and are to save and reap the benefits of such an approach. But these projects that would fall under your plans, they would still be capital intensive. Where do you find the investment for that . For many of these countries who are already laden with debt . For example. Thats absolutely correct. They are competent tenses, but lets not forget here that they also provide long term benefits. We are talking about investment that on not just for me to geisha, not the current impact of and then make. But that can range benefit and continue to develop and proper weight over the years and kate, so thats one thing to, to keep in mind as we are discussing about the recovery. What your party can do as a specific ali, your questions to potential approaches on the table. We do consider that it is the time for a lot of african countries, too much investment from International Partners with look, opines domestic violence. Because there is that willingness from private sector knows to getting all into the recovery faces at me specific, all the law of banks, that means a foundation that means in fact, investing and establishing a broad look why he shouldnt actually build back better to carve out our own pathway to oh, i have to ask you what has been the response to your paper so far . Have you heard from any stakeholders in these countries that youve been looking at . Thats an excellent question. Yes we have. We have been conducted by nigerian banks for instance, that were really interested in one of the projects we will lead to defend any actually in the community named mccloskey, southeast of nigeria, where we worked jointly. We have a look around, weve the utility you have, the, i would say the school utility to actually be, to realize what we are discussing now as a way for recovery, where we were in a position to supply the community 247 as opposed to the time prior to that, and any where power supply was ready and stable and reliable. And now they have that access, 24. 00 sevenths. And that also means that businesses are still running, have still been running during their and then me. And that resilience is now ready. Tangible concerns about food security, growing, ignore that and things such as it should be, for instance, to, to mention one, those concerned in that specific community. If i have not been much, much of a concern because they were able to transform locally in writing emails, have music and process and look closely that enable them to empower themselves really. Thats what we are talking about. Her bank reached out rooting for the Rocky Mountain institute support to create a portfolio Clean Energy Assets in which hes best. Early there is that winning, thats once again the look of it and will have to leave it there for now. Francis licia with the Rocky Mountain institute. Thank you very much. Thank you for having me. Stephen. Lets look at some of the other Global Business stories making headlines. B. M. W. Has announced it will in production of gasoline and diesel powered cars at its main facility in munich. The german carmaker plans to invest some 400000000 euros there to shift production to electric vehicles and power trains. Beginning in 2026 will still continue producing combustion engines in austria and britain. The gap between the rich and poor in germany has widened during the coronavirus pandemic. A new study shows low income households have been hit especially hard. Thats because virus restrictions have targeted the Restaurant Hotel and cultural such as predominately where pay is generally low. The impact on higher earners has been far smaller for germany for German Company to syncrude, things apparently the to become much worse before they can get better. Again. The troubled industrial conglomerate posting a record net loss of 9500000000 euros in its latest fiscal year. The Global Economic downturn in the wake of the pandemic worsen the situation in the companys already ailing. Still business unions are demanding government aid to support the division. Meanwhile, to send Group Announce plans to slash additional jobs in the thousands. Another issue occupying Global Markets these days, of course, brags that in time is running out for a trade deal between london and brussels. The pen demick is not helping both sides called off talks thursday after negotiator tested positive for covert 19, a deal needs to be done before years in different spots. Many companies are bracing for chaos. These goods have to arrive on time. Otherwise, this transport company will lease customers that fly 20 fully loaded trucks leave from this debt plan. In southeast england, every day they deliver to from italy and spain, among others. But starting in january, the chaos begins. What for our company was going to be . Its going to be pretty badly, obviously, because most of our t. V. It is going to be over europe and the obviously is going to delay all our operations. I mean, is it going to cost is a vast amount of money, a trade deal or a hard bricks . It with high customs duties. No 1. 00 knows what will happen after the transition period. Lorenzo is doing all he can to prepare his drivers, but he feels ignored. By politicians to make custom clearance these permits and everything else, they should have one or 2 companies on a trial period of 6 months and see how it works. The company can see where all its trucks are from the control room. The green they see now will soon turn red after breaks it expects on the 1st of january. Theres going to be lots of chaos around this part of europe. On our part of our focus right here next to the highway. The government is building a customs clearance facility, measuring more than 100000 square metres. Hundreds of trucks will be processed at this site every day, but britain is brics, it preparations still have a long way to go with just 7 weeks before the transition period. And its still not clear how things will proceed from january the 1st. Keeping trade flowing smoothly will prove, doing, taking task as of for me and the Business Team here in berlin to check us out online dot com slash business. Lets watch to the point of strong opinions, clear positions, international perspective. Some of the researchers are reporting significant breakthroughs in efforts to develop a vaccine against covert 19, could this be the beginning of the end for the coronavirus nightmare . And who will profit 1st find out to the point short to the point of the 60 minutes con d. W. In the eye of Climate Change africas mix of whats in store coming to them for the future to come for to make your city hall to get inside the container this estate, i mean is africa on the program today. Browns as on the streets of composite approaches to grip uganda as the president ial candidate in just 2 months before the country supposed to lead to a new leader. And we have a report from south africas cape flats thats a neighborhood in cape town where Violent Crime is so rampant. Paramedics need to respond to