Dealing with there was weeks in the 2008 financial crisis. A very warm welcome this is r. T. International with the biggest stories of the past 7 days i mean good to have you with us our 1st to croatia earlier today a 5. 3 magnitude earthquake into aftershocks that struck the north of the capital zagreb local media say that a 15 year old who was found in the rubble of a building is critical in hospital several other people are reported to have been hurt. That was the moment the 1st tremors kicked in apparently caught by c. C. T. V. Inside the shop streets across the city all littered with daybreak and theres been significant damage to several buildings where. Its reported to be the strongest in the region in the past 140 years among the down much the top of one of the spires of the citys like torn a cathedral collapsed there are also Power Outages and problems with Water Supplies in some areas they ask quakes or worried citizens come out on to the street stuff despite current advice to stay indoors to tackle coronavirus the Croatian Army is set to help the city ever come the quake the aftermath we talked to one zagreb resident who shared her experience with us. I dont have electricity can my office larkins so i have to come to a part of my sister to be able to know bequeath use i was sleeping and then i felt that in my heart for graves you know in my bed so of course i went out from my apartment but you know when youre in this corona situation and everybody are saying that you youre not allowed to go are all who are york thinking what to do i decided to go out and them are my neighbors were all so in front of the building policeman were also onside and what you were what we will do will we be together you know are we really keep does this. Horrible situation this morning. I want to know if capable issue dominating everyones thoughts at the moment coronavirus latest on that is that its now claimed 814000 lives worldwide with a number of confirmed cases that more than 330000 italy reached a grim milestone this week for passing china as the country to have suffered the most fate ality county more than 5 and a half 1000 people on sunday alone more than 600 succumbed to the disease italys now shutting down the production of non essential goods while in germany chancellor Angela Merkel has decided to self isolate after a doctor who had given her a vaccination tested positive for kovac 19. The European Union sealed itself off to travelers from outside europe this week as part of why did ranging efforts to stop the spread of covert 92 limits to support of the various bullet we agreed to enforce our external borders both closed and coordinates temporary which to action of essential travel to the e. U. For preview it or so to desist from has put the entire nation of 67000000 people on lockdown army trucks have been seen in the streets of paris while large numbers of Police Officers have been deployed to ensure compliance you can see now the effect of the measures on the city of toulouse in the countrys southwest nobody thought and with tourists the streets are totally deserted so deep and ski reports from a nationwide quarantine. France is now we all looked out to break to look down that would be in school the government is talked about pouring 100000. 00 Police Officers to set up fixed points to check people who are in their vehicles the word from the government to everybody in france is to self isolate president Mark Williams was incredibly clear when he came to the president ial address on monday night in fact the one thing that came through over and over is the problem is that. We are at war war to be sure we are not fighting another army knew another nation but the enemies that invisible and elusive that decision came to the french took the calls to stay at home and self oyster late too likely in fact while balls in restaurants were being closed all around and many here in paris came out to the parks to picnic to meet their friends all to sit by the same and do the same but no more. The government has announced new measures to limit new infections by limiting contact between people as much as possible to amplify the impact of this measures paris parks and gardens will be closed. The restriction these are really centered around self isolation so people have been told that they can leave their homes but the very specific reasons that could be to go for a medical appointment it could be to top up on Food Supplies or it could be to go for a walk for Health Reasons and anybody leaving their property has also been told that they need to have one of this in pakistan so just state why hed been leaving their home for some of those reasons that i just outlined anybody who is cool flouting that law or unschooled going out for a walk just socialize with their friends rather than for Health Reasons could face a fine of up to 135 years. The message is clear stay at home these are containment measures similar to those in spain and italy all persons travelling must be able to justify their movements each person will have to carry a document certifying the reason of his or her journey. Was another casualty of the new stricter regime is the 2nd round the ring is a collection which will now be postponed but many had already criticised the government for allowing the 1st round to take place while sproles was a partial lockdown the makris are pushing the limits you do not say to 67000000 french people stay at home for an indefinite period on saturday evening but then on sunday morning leave your house and put your health and those of others in danger if the Health Situation got this bad losing thursday in today to the point of closing almost all businesses in makes no sense to hold these municipal elections they must be postponed because they cannot be held fairly. Holding the municipal elections is completely incomprehensible and contradicts the measure of the Prime Minister i hope that the government will take responsibility and change its mind as the long term began many play to the city possibly going to commentate home state right now nearly anything to be isolated in this timeline. See here from this idea of self isolation is something that many people fear many people who live below the idea of not having that social contact face to face for a 15 day period is something that they dreading in fact Something Else that they dreading is the fact that the government has said its a 15 day minimum and that these could be extended but they need people hear from you just have no idea when their minds are going to return to normal shoulder people ski for auntie in paris during the long term. My colleague kevin owen discussed the pandemic with the World Health Organizations representative in russia. Russia started wed be imaginary there we are. Preparing and that any word was spelled out by director general of russia her star general being at the incoming patients advise and then regular assessment actually are 8 8 putting in place all the 3 sets of measures including some some distance in the above story those make the rounds a little while but maybe doctors have been misdiagnosed in cases here saying it was pneumonia but not saying how it been cold or whatever any more info on the up actually i have had several meetings and discussions help us or it is also a visit to moscow and what is going on is that you are more me as that have no answer to the reason we are told that the agent has not been conclusive all task before i was asked about is why we believe this is the right situation and the right picture is there going to be an element of people are going to be tired of staying home theyre going to be rebellious about it you know its going to get nasty are you worried about that somewhere down the law. Actually what i do and i want to welcome how theyre going to zation it drained out also having a package of measures and recommendations and guidelines and instruments of forgive people for good albums for our House ServicesChild Support of people who are in isolation because i thought they should have held it nationally for people who are low level they out there may well need social support just getting stressed out about this is especially if you love to buy yourself and havent got a lot of family or to speak to it could be very worrying him pray in your mind how are you going to cope without how the medical authorities or the w. H. O. Going to cope with the Army Commanding i think it programs whether they are you receiving god an application for mobile phones whether they think the t. V. Whether they think the hotline to keep people and talk but keeping them safe thats going to be very important some companies youre seeing volunteer for example muck around who have volunteered who are funding to fix the hawk line static long lines and its not only people who have arrived from companies are calling all the Common People who have not traveled anywhere where they are concerned the big question is will the medical person how long is this likely to go on we heard about maybe of 12 weeks now you know was this always really going to be on the cards we just werent told it. No it is very difficult to say and the so are people on the stand that isolation and stopping of contacts ok so. Come back to the sort of we can break the chain of the transmission. Like this weve been through what china did it. Really well let us see we are learning as we are going step by step really an intensive work on vaccine testing all outward of all there are several important vaccine producers including in russia trying that out because we need a safe and effective vaccine oh im not going for research and development such that brings all the brains together are so we do hope that through this massive joint of course were going to be able to bring somebody new most of the. Time. The u. S. Senate is due to vote on a stimulus package later this sunday to inject stability into the economy after 2 weeks of plummeting stocks and months layoffs a bipartisan deal hasnt been reached yet but its reportedly getting close told Congress Leaders will get together for their final discussions that later President Trump revealed the initial plan on tuesday. By making shared sacrifices and temporary changes we can protect the health of our people and we can protect our economy because i think our economy will come back very rapidly one day well be standing possibly appear will say well we won and were going to say that sure if youre sitting there were going to say that and were going to win and i think were going to win faster than people think i hope. Among the trillion dollar plus emergency measures on the table are tax rebates and measures to help struggling Small Businesses one of the president s core ideas is to directly mail checks to americans negotiators have also apparently agreed to boost paid sick leave and suggestion made by the democrats which have remained a Sticking Point between them and the republicans markets reacted positively to the news on tuesday with shares jumping slightly mostly though those markets spent the week struggling with fridays closure marking the was 2 weeks since the 2008 financial crisis. Of our Senior Correspondent explains whats going on in the world economy. Unless you majored in finance everything thats happening may seem a little overwhelming what is going on why are markets melting down while a bank is working around like headless chickens in a few minutes with this monopoly set ill explain my everything seems to be crashing and burning what the hell is a fiscal stimulus and why is everyone crazy about rate cuts 1st that said the pieces here are investors meaning millionaires youre middle class with modest savings your pension is here all of them have some money saved up these days you dont keep your money under your mattress you want to return it right interest a pretty good pension so you take this money and you put it in the banks depending how smart they are how greedy they are they promise you x. Amount of profit per month the banks then go ahead and loan out this money to whoever needs it they drive our entire economy the new hotel built in your city the new jet purchased by British Airways the new hips the bar bill down the road from you your mortgage to buy your house comes from the bank so all this money goes into the economy to keep things running and here is how it runs every month these people make payments to the bank here every month the same payment goes back to the bank the bank then pays the investors the investors then put the money back into the bank this is obviously simplifying things but you get the gist of it its a cycle it all works great while it works but then something unforeseen happens like a mortgage crisis or a pandemic virus clubs and pubs are to be closed along with theatres museums do Sports Centers and Similar Establishments and retailers with specific. Suctions. All we are now is the time to take extra steps we are ordering the suspension of all retail activities with the exception of groceries pharmacies and other outlets selling fancy goods that suddenly mass shut down quarantine factories businesses come to a standstill people lose jobs stop paying mortgages suddenly people arent paying the banks back and the investors the markets your pension manager they start panicking that is their money stuck potentially lost they see the news pandemic they call the bank they say they want their money out all my money out of the markets out of the dow jones out of b. P. Out of up all the markets crash but the banks dont have it here is where the government step in before this mass panic and a run on the banks the government say the magic word bailout Fiscal Relief lots of words but its the same thing the government pulls money out of thin air the money presses and gives it to the banks so that they can keep paying investors its all pretend play they just simulating that everythings fine by printing ridiculous amounts of money and passing it back and forth between each other the real economy the factories in the businesses these guys are in quarantine and shut down but the entire point of this little show is temporary live this illusion has to work for a little while weeks months to allow the economy to recover to prevent the banks from going bankrupt and recalling all this debt to help these guys get back on their feet and start paying their debts back you dont need to be a new to the economist or an economist to realize how how fickle how fragile this illusion is collapse of the markets is a clear. Very profound statement the entire Investment Community which is not the small people who have a few shares im talking about the people who manage ancient ones who manage bank for yours and so on have a massive loss of confidence in the government of the United States or in the private economy to get out of this disaster were running on borrowed time they cant keep printing money for too long or inflation goes through the roof money becomes worthless the illusion will eventually wear off even the most optimistic investors can only live in denial for so long and will realize that banks are living in a dream world then it all collapses see the world up until now has been weighing lives vs the economy for all the criticism and ridicule of the world through a child or they shut down everything sacrificed their own economy to keep the virus from spreading the west didnt the west ridiculed that dismiss chinas response as incompetent they tried to keep the markets happy rather than the people safe and what they got america and europe is the worst of both worlds and economy on the brink of collapse and the death toll fast eclipsing that of china. So another country being hard hit by the 1000 pandemic iran where it supremely doubt has questioned americas motives to offer any and said washington it couldnt be trusted. Because your u. S. Officials have said on a number of occasions that they would be willing to help regarding medical supplies for the coronavirus on you yourselves faced with a shortage judging by u. S. Media there are massive shortages you americans are suspected of having created this virus i do not know how real these accusations are but still they are circulating so who in their right mind would trust you to bring in medication your medicine could be a way to spread the virus more if you are not trustworthy according to Irans Health Ministry one person in the country dies every 10 minutes from the virus with the death toll now over 1500 over 20000 infections and the iranian leaders latest address he also apparently made reference to this offer from donald trump to help last month if we can help the iranians we have the greatest Health Care Professionals in the world and if we can help the iranians with this problem we are certainly willing to do so we would love to be able to help them and all they have to do is ask on saturday to run called on iranians living in the u. S. To attempt to send basic medical supplies to their relatives back home and the notify the u. S. State department if they succeed thats where the wrong saying that nothing is getting through Bank Transactions or humanitarian aid the Iranian ForeignMinistry Says its an attempt to refute washingtons claims that date is not restricted by its sanctions regime we heard from middle east expert kharaj who told us trumps offers to help are hypocritical increase of. Its its not for me that its its there mindy can supply our pharmaceutical i cant are not under the u. S. Sanctions but in fact you have nor company nor for any company sending since we run what is then reason is very simple because all these companies they know whether go ask permission to the