and you know. as you like you're watching the news remember to keep up to date with all the latest news on our website that's follow us on twitter and instagram as well. i'm talking about it well thanks for joining us. people for d.w.i. on facebook and twitter to date and in touch follow us. to assume. you treat them beethoven says pastoral symphony is the foundation. of an international art project. composed of their

understanding nature. to mark the 253 the 1st 3 of the composers birth i'd like sharon program but have not. beethoven world wide. street project starts june 4th d. w. . thanks ringing in a bit more normality after 2 months of coronavirus closure of the trading floor of the new york stock exchange reopens the latest from a wall street correspondent. also coming up the e.u. commission is proposing the blogs budget for the coming years but a rift between countries over how to finance the recovery is threatening to derail plans and spain is hoping for towards the summer but will they visit

a cunt. heavily hit by the coronavirus pendant. on chris colfer england welcome to the program the trading floor of the new york stock exchange has reopened that's after a closure of 2 months due to the corona virus and the sign of the times new york governor andrew cuomo more a face mask to ring the opening bell while 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 they're not on the trading floor yet but outside the new york stock exchange yes 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 was 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 it's one of the oldest the institutions in the country but let's just listen in what one trader actually had today to say the message of the n.y.s.e. wrote reopening is symbolic not only for our community and our country but it is for the call it 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 new 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 are concrete sued by their workers and yes obviously the finance world is take it driven how important is it to be present on the floor and conduct your trades there. it's a big debate even before the coronavirus hit most of the trading of the new york stock exchange it happened already fully automated but as traders keep telling me when you're hitched turbulences you want to have a human being in the cockpit and the same might be true of all the financial markets but as i said it's also emotional it's tradition what is key here stacey cunningham the head of the new york stock exchange actually started as an intern and 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 u.s. 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 floor of the hook stock exchange some hope. for yes thank you. but look at some of the other business stories making headlines around the world france's president and model mccrone has announced an 8000000000 euro plan to save the country's 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 a new car orders have tumbled as well. the european commission wants to present its draft budgets to take the block 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 france president manuel mccraw and german chancellor angela merkel took the initiative to drop a plan to help europe climb out of the can only slump the commission would create a 500000000000 euro recovery fun 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 with some states have struck back saying they don't want to be responsible for the debt of others joining us now is professor hunt's venison

he is the former president of germany's institute for economic research and known as a quite opinionated scholar it's good to have you on the program professor is all stressed chances of busting courts correct when he calls the macro micro 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. obviously. this is a step in to admit union is this a dangerous plan in your opinion. yeah i think it would be more honest to provide the funds needed to hill 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 it is national debt this debt of the e.u. is not counted as national did even though implicitly that is so they did constraints which would be automatic really by only did and not respected by having the cheryl budget at the e.u. level so in your opinion giving out alone sir countries that need financial help would be the better idea. oh no that's a different issue the question is who is it the e.u. or is it the separate countries and the 2nd christian is. what is done with that money is it given as loan to particular countries or is gift. in the case of heavily inflicted countries like italy i would find it more honest to give it is

a gift i'm against boring at the e.u. level. if we talk about loans i think we've we've 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 hilt italy in one way or another either the taxpayers of europe transfer money to the italian state or there is a debt moratorium that is a debt relief given to it today 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 that isn't 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 they're 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 lifted the pot so we're celebrating that we're allowed to go out again after 2 months it's magic able to look at this some shine we can have a beer and everything it's wonderful that's just wonderful sylvia said.

tourists will soon return to the relief of the sector that accounts for 12 percent of spain's economy from july the 1st european guests no longer have to stay in quarantine for 2 weeks when arriving spain and its islands are europe's most important holiday region the industry has vehemently advocated easing the restrictions. that you did good is the island lives from tourism he doesn't have contact trees or industry we live from the sun and the sea. 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 government's rescue

package for struggling competitor. ryanair c.e.o. michael o'leary says that. state aid whenever there's a crisis 1st reflex is to put its hands in the german government's pocket mr larry also said the german government broke you waltz ryanair 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 for more.

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fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for minds. mayflies live for about a day. a human being like the 1st century but tree can survive for several 1000 teens. the longest living life on earth the trees and to to know that these would be perennials action communicate with each other. planets. we visit one of europe's long touch primary forests. welcome to tomorrow today this time shall.