How will cope with 19 redefined what the European Union is all about how everyone for france 24 im falso began paris and im melinda crane for dutch of ella in berlin in the European Union health care has always been handled at the National Level so as the corona pandemic swept the continent it was nation states that were calling the shots even between close e. U. Neighbors the borders were closed crucial medical exports were stopped and solidarity was looking pretty illusory but that is now changing with french patients for example being treated in german hospitals. And melinda with a crisis that were 2 months into which shows some are calling the biggest test for this continent since world war 2 a lot of questions going. Forward the french president calling it a moment of truth ahead of thursdays Virtual Summit there are those that are eyeing dick de confinement and then other nations that are doubling down what common response can france and germany often dubbed the motor of european
The pattering and get some encouraging results. Until go welcome to the program a u. Finance ministers have reached a deal on a 500000000000 euro plan to soften the economic fallout from the coronavirus pandemic the measures are aimed at helping states hit by covered 19 as well as supporting companies and protecting jobs the breakthrough came after ministers failed to overcome differences in marathon talks earlier this week southern European Countries wanted the union to do more to ease access to Financial Markets by creating socalled 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 whats 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 ba
Biden has secured his place is the democratic nominee but can still trump joining us for continuing coverage of the u. S. Election 2020 on aljazeera. Hello im daryn jordan this is counting the cost on aljazeera you look at the world of business and economics this week the coronavirus pandemic wreaks havoc across Subsaharan Africa nations turn to the i. M. F. And world bank to see them through the crisis the biggest Oil Production cuts in history but album on a case of the persian gulf about to blow their wealth and just how low oil prices. A union divided on sharing the Economic Cost of the pandemic why france and italy are lining up against germany and the netherlands on polling day. Now Subsaharan Africa could be plunged into its 1st recession in 25 years as the Global Health crisis brought about by the coronavirus wreaks havoc many nations like nigeria south africa are dependent on commodities for a large chunk of trade and revenues all have been decimated as economies of ground to
The volatility continues to come down. 40 whenearly breaking it comes to the vstoxx. Monitor what is happening around the world. We are headed toward the european close. It looks more positive than it did earlier under the big story continues to be the efforts being made by governments to reopen markets, the effort being made by governments around the world to support Small Businesses and the everett for central bank to support the credit market. Lets get more insight into the bond and credit space. The fed and other Central Banks continue to make significant efforts. The fed is buying commercial paper today. Nice to have you on the show. We are in a situation where Central Banks are buying aggressively. Spacere buying in the bbb and the highyield space. What you make of price discovery right now . How realistic are these markets . Its a good question. You have had a huge bid to the market in the investment credit space and that has extended down the capital structure into highyield bo
T w. How will cope with 19 redefined what the European Union is all about hello everyone for france 24 on false hope to god and paris and im melinda crane for daughter of ella in berlin in the European Union health care has always been handled at the National Level so as the corona pandemic swept the continent it was nation states that were calling the shots even between close e. U. Neighbors borders were closed crucial medical exports were stopped and solidarity was looking pretty illusory but that is now changing with french patients for example being treated in german hospitals yeah and mullins out with a crisis that were 2 months into which shows some are calling the biggest test for this continent since world war 2 a lot of questions Going Forward the french president and michael calling it a moment of truth ahead of thursdays Virtual Summit there are those that are eyeing dick de confined. And then other nations that are doubling down what common response can france and germany o