reports from a destroyed. philippines in the. starts may 20th. this is news coming to you live from berlin germany and france joined forces to try and lead europe out of the coronavirus crisis german chancellor angela merkel and french president the world proposed a 500000000000 euro rescue fund to boost the blocks. you also want that you to raise join. also coming up searching for solidarity in the fight against the

coronavirus world health organization's annual assembly opens with a stern global leaders u.n. chief says the world has paid a heavy price disorganized response to the. passenger flights declined by up to 90 percent because of the pandemic airlines face billions of losses billions of losses and millions of jobs are in danger. hello i'm terry martin thanks for joining us german chancellor angela merkel and french president of men a well my call have outlined a joint plan to speed up europe's recovery from the coronavirus crisis the plan calls for a half trillion euro rescue fund to boost the sectors and regions of the geek call me hit hardest by the pandemic and for the 1st time germany and france are calling

for the e.u. to raise joint here's more now from merkel and mcallen as they were detailing their proposal just a short while ago. germany. and franco german friend . leads as to setting a signal we know that we are 27 and when france and germany give a 2nd no i think the whole of europe is in a better shape to form an opinion and to progress that's why we want to issue 500000000000 euro fun on the shirt term for. expenses for the sectors and regions that are hardest hit by this recovery fund of 500000000000 euros that is not going to be a grant to a region or as sector but is going to be a budgetary. 8. and it's going to compliment

the $500000000000.00 that our finance ministers have already agreed upon in that it's going to be delivered by the european investment bank $500000000000.00 by the finance ministers and 500000000000 budgetary aides through the franco german initiative we think this is absolutely necessary in order to compliment the initiatives already taken on the national level let's. bring in the w.s.j. political editor make attended miracles part of the press conference here in berlin what have paris and berlin managed to agree on here. well they want to put those 500000000000 euros extra on the table but that comes with some terms attached i've got the paper here they want to see europe

a much stronger from this crisis now and arguably everybody does want to see the country a much stronger but also the whole question of whether that could lead to more responsibility shifting towards brussels is a debate they want to have notably the whole euro bond debate is off the table certainly that particular money and funds that been on the opposite end of that debate for a long time now they demonstrate unity and the willingness particularly of germany to put more money on the table because after all 27 percent of everything that's decided upon within the e.u. budget would be instead. before the coronavirus crisis. the french president had outlined a grand vision for europe chancellor merkel had largely ignored that vision are we seeing her with this step now warming up to a man well maccollins grand vision of europe. well we already saw

a pretty much silently drop policy law particularly on assistance to basically save countries from having high unemployment rates by paying into a freeing funds to support to walk in many european countries so the wealth the emphasis clearly here in berlin has shifted from trying to craft their way to actually demonstrating unity with those big friction lines between north and south and east and west continuing within the european union so yes this is supposed to be proof that the franco german engine that it was as it was traditionally known can actually leading the way out of this crisis but the final decision will rest with the individual capitals and $27.00 in the end in the

press conference we heard a man want to call appealing for more european sovereignty on the americal suggesting e.u. treaties might need to be changed what do you make of. well there's an underlying awareness here that's also why this money is supposed to be spend with it continue condition attached to look into the future to have future proof industries that the e.u. is far away from actually becoming the kind of geostrategic act of france and germany would like to see it be they are worried that the e.u. could see even more friction being torn apart between the interests of the united states china and also potentially and that's why certainly behind closed doors we can expect that debate to get new fire over how much authority can be sifted towards brussels how much countries are willing to give in return for support from the e.u.

it came to thank you very much that was chief political editor. well the world health organization's governing body has been holding a virtual meeting to address the global response to the pandemic so it is aimed posturing cooperation among world powers to slow the spread of cope at 19 but tensions are threatening to overshadow the gathering the u.s. administration says the w.h.o. failed to obtain vital information about the disease costing lives but u.n. secretary general says that many countries acted too slowly to heed were too slow to heed w.h.o. guidance on the virus that failure is now threatening to deepen division between the world's richest and poorest nations. the world health organization's annual meeting was supposed to take place in geneva but the pandemic forced it to a virtual gathering for the 1st time in the history of the organization of course the pandemic itself is topic. the conference started on a sobering note u.n.

secretary general antonio complained that many countries ignored the w h o's warnings at the beginning of the corona virus outbreak as a result the virus has travelled worldwide and is now spreading in the global south where the effects could be far more devastating than in developed countries the german chancellor angela merkel warned in her video message that only joint efforts can defeat the pandemic. virtually no country has been spared by this pandemic so no country can so this problem alone we must work together the meeting will also address criticism of the w.h.o. his handling of the pandemic the majority of the member states are expected to support an independent investigation. so you look down some of the other stories making headlines around the world today for the 2nd time in 10 days broke out in hong kong's legislative council between pro-democracy and pro government

politicians they were sparked by the removal of a pro-democracy lawmaker who would have presided over elections to a key committee security guards carried several legislators out of the chamber. members of the extremist group boko haram have killed at least 20 people in a village in northeastern nigeria i would miss' said islam ists stormed the village and began shooting just as people were preparing to break their ramadan fast at sundown. rum has now been waging its insurgency for more than a decade. churches in italy are reopening for services to mark the occasion pope francis who led a mass in a side chapel of st peter's basilica in the vatican the basilica had floor marking to encourage social distancing worshippers temperatures were being checked as they arrived for the service. the u.s. economy is likely to record a whopping 30 percent collapse in the current quarter according to the chairman of

the federal reserve your own pal and an interview with c.b.s. news powell said the united states would only rick cover fully after a vaccine was available costing lawmakers against reopening the economy too soon. the governor would have to reintroduce the social distancing measures and then you would have another downturn and that would be bad for confidence. so that's a risk we really want to avoid you know the virus hasn't gone away the reason that cases have gone down and are declining is because people have been in their homes and not in their businesses and not out among the crowd. has more on this he joins us from new york ends a 30 percent contraction of the u.s. economy that's staggering did the federal reserve chairman suggest what the implications of that would be. well at least what the chairman said is that he

doesn't not believe that we will see a depression like scenario that we saw well 100 years ago and the reason why is what is the difference between a recession and what is the difference between a depression it's basically the duration and overall the fed chairman is sort of hopeful that at least the duration of this economic crisis won't be as long as we've seen it in the thirty's in the united states so that's at least a tiny bit of a hopeful message from the fed chairman even if you also mention that nobody can tell you how everything develops from here on ok but at least the in the short to medium term things don't look that great despite that grim for forecast our markets are up over 800 points so what's got them so excited. it's incredible what we've what we're seeing here today blue chips up by about 3 and

a half percent oh well the market is trading on hope we heard there was the word of a seen a couple of times and so there's one company moderna saying that at least in the very early stage they made some progress was developing this is seen that stock by the way is up by 30 percent so there's this whole driving the market and then on top of it you have the oil market recovering quite a bit oil prices up today by 11 percent or economists and policymakers in the u.s. becoming concerned that maybe the stock market is out of touch with the broader economy . that's the big topic that we see because look what happened to the market the recent recovery started last thursday and what happened on thursday we got dramatic numbers from the job market the recovery actually continued on friday what happened on friday we got the worst retail sales figures ever in u.s. history and even today the outlook as you mention it probably a drop in u.s. g.d.p.

by 30 percent isn't that bright and the really continuous what's basically driving this market is those trillions of dollars that the federal reserve is pumping into the market and also the u.s. government also pumping trillions of dollars into the economy and overall there was this hope that soon only the economy a real restart i don't know you might see this little car dealership local car dealership here in my neighborhood for the 1st time since the locks on started this car dealership reopened so there are some signs that slowly the economy is coming back and that's also what the market is betting on at this point and thanks for filling us in there that was our financial correspondent yes curtis in new york. the pandemic of course is having a devastating impact on air travel in the air travel industry millions of jobs are at stake and while several airlines can count on government support the recovery is expected to be slow for many workers it will be too little too late.

grounded this could be any airport around the globe passenger flights are down by up to 90 percent since the coronavirus pandemic struck and stopped travel in its tracks airlines a facing billions of euros in losses and need to lower costs that means layoffs the international air transport association estimates that millions of air travel related jobs are trist in europe alone spain could be worst hit at $750000.00 jobs that include suppliers ranging from shuttle services to caterers the country depends on tourism in britain over $400000.00 jobs in the sector our trysts it's a similar picture in germany france and italy which could also see hundreds of thousands of job losses we are not expecting for example the levels of traffic to reach the levels of 2009 until 2023 so it's

a very long quarter of the troubles sectors was also being felt in other industries suppliers like engine makers including the u.k.'s rolls royce and european plane maker airbus say they are bleeding cash and considering massive cuts to their workforces so thousands could lose their jobs. you're watching t.v. news from berlin you can get all the latest news information around the clock on our website of course that's d.w. dot com i'm terry march and i'll be 1st with you thanks our thanks triumph for. combating the corona pandemic. where does research stand. what are scientists learning. background information and news. hour corona. from the covert 19 special next on d w.