this is due you have been used to live from berlin e.u. leaders strike has finally sealed the deal on an unprecedented 750000000000 euro coronavirus recovery fund after 4 days so if he took talks leaders agreed on the details of loans and grants to be given to countries to its hottest by the violence the breakthrough came after a man whose 90 hour session which nearly broke the record for the longest e.u. summit in history and all this will include rule of law compliance measures meaning

member states will have to show they are supposed to be you know just to receive the funds. i mean from our sun well come european leaders have finally sealed the deal on an unprecedented 750000000000 euro coronavirus recovery fund after a 4 day self heated talks leaders agreed on the details of loans and grants to be given to countries hit hardest by the virus the breaks or came after a moment's 90 hour session which nearly broke the record for the longest summit in history the loans will include full flow compliance measures meaning member states will have to show up holding to receive the refunds. the european commission president was enough underline says the fryman framework of the deal is a big step forward. as for europe's future we have now the new only

resources tightly linked to the repayment this is a big step forward with a clear timetable member states will benefit as they will contribute less to repay the investments and the new own resources will strengthen the european union also in the long term. i'm glad that we managed to safeguard this achievement during the whole negotiations. and europe's recovery will be green the new budget to a power of the european green deal it will accelerate the digitalisation of europe's economy thanks to next generation new national reforms will be boosted we invest in europe's future where i did our correspondent air show in brussels was been following these negotiations terry for a long days and nights later and the e.u.

has struck a deal what can you tell 8 us about the details. that's right and everyone is coming out claiming victory which i guess is necessary under these circumstances they need to go home and tell their taxpayers that they've done the best they can after 4 days of very grueling negotiations so for the so-called frugal countries this means that they were they managed to succeed in not giving as much money in grants to those countries hardest hit by the coronavirus as some of them wanted and for the side led by france and germany of course the entire amount of the recovery package is not in loans as the frugal is wanted to have both of those sides are able to claim that a compromise was made on the 7 year budget as you mentioned there were some mechanisms put in place for the 1st time so that those countries allegedly violating european union democratic values will have some safeguards put in place

they will not be able to simply continue getting these funds without a review mechanism if they are seen to be not upholding the rule of law. you're mentioning it really just saw a lot of crowds and really faces shots knew it was a rough underline i'm going to. require everybody is talking about a historic moment claiming victory a pivotal moment for you history who are the losers of this agreement i don't think anyone or the losers of the agreement except those of us who haven't had any sleep in 4 days and nights perhaps but you know they all needed to continue fighting for their points of view and there were a lot of very tense moments you know even name calling where you know the tempers were getting frayed because. each side felt like the other one was holding up a deal which very much had to go through it was unthinkable that they would not be able to come to a compromise on this so i don't think anyone is

a loser but given the fact that they were they managed to come up with a deal. eating up to this agreement has been reached everybody was worried that to have gary in president act all ban would sabotage this agreement how did the other member states manage to convince him well i think that's one of the areas that was very much massaged. dutch prime minister mark reuss they wanted to have a veto even a single country veto over heading out funds to countries like hungry when it was seen to be violating rule of law and he didn't manage to get such a strong review mechanism but there will be a process put in place for the 1st time that says that you know we're not going to just be handing out this money if you do not share our values and so again both sides were able to claim compromise here half the countries hardest hit

by the pandemic by the consequences the economic consequences of the pandemic italy and spain they contend with this agreement have they come out to say anything about that. i believe that they are content because again at the beginning of the negotiations the frugal countries said we want to the entire recovery package to be loans we want them to have to repay this money we want them to have to come up with their own their own funding for the recovery and in fact more than half of the recovery package which is $750000000000.00 euros will be in grants and the european union will be responsible for raising that money and giving that money to those countries hardest hit so i think that there will be a lot of relief on the part of those countries hardest hit by coronavirus but again when you're in the single market every country is vulnerable to the economic downturn which is projected to be more than 8.3 percent loss in g.d.p. this year so in fact while the frugal countries may may portray it as just

a problem of the southern countries their economies are tied to this as well so everyone needed to come up with a deal to make sure that those countries that are suffering the most economically after the coronavirus pandemic do not do not entirely fail. the negotiation we're just 35 minutes shy of the record for the longest summit what does that say about the state of the union what was stake here in european solidarity oh i think there was a lot of talk about whether this would be the record longest summit but that was mostly just idle chatter in all the hours that we were waiting for an agreement i don't think you can you can judge anything by how long the negotiations the negotiations took what mattered was that they came up with a solution and that everybody came out believing that they'd gotten the best they could for their taxpayers for people who were hurting very much after the health crisis to try to reassure them that this will not be

a financial crisis as well now the e.u. leaders did not only talk about the coronavirus recovery package but about the bronx budget for the next years what can you tell us about that. yes as i mentioned this rule of law mechanism is very much tied to the. so-called financial framework the 7 year budget in fact of the recovery package stole most of the headlines because this this discussion over grants versus loans was was so emotional and so heated but there will be now as we study the final agreement on the this 7 year budget there will be some losses there that will be certainly very much criticized i know for sure that there are you know there were. some hits taken in climate change funding and that's something that is not going to be well taken by the of the environmental lobby for example but was

completely overshadowed by these other debates that we've been discussing. for days and 4 nights of negotiations coming to an end what's next well they will have to go to the european parliament they will also have to go back to their to their governments many countries including for example the netherlands has to get any decisions made here in brussels through their own parliament so this is a by no means the end of the discussion about these budgets they will now will go home they will have to sell their agreements sell the deals they've made to their publics and you know we'll be discussing this with the european parliament when they come back into session in the fall terry shoals and brussels thank you so much . scientists at oxford university say a coronavirus vaccine being developed with pharmaceutical giant astra zeneca showing promise after its 1st human trials but they're not the only contenders working on a vaccine dozens of big fun affirms in the race astra zeneca

seems to be pulling ahead of the competition it's a vaccine was given to more than a 1000 volunteers they all produce an immune response. the potential vaccine is one of at least $100.00 being developed across the world for covert 19 at least $23.00 of them are already in human trials according to the world health organisation. these are just some of the companies participating in the race against the coronavirus among them global players like pfizer sun and fi and johnson and johnson but there are also many unfamiliar names on that list startups that are at the forefront against kobe dying teen britain is snapping up 30000000 doses from german company by on tech a business founded just 12 years ago from a suit of clothes giants like glaxo smith kline want to piece of the action to the

companies buying a 10 percent stake in the german firm cure vax. heavyweight astra zeneca may be in the lead now but not so well known biotechs have also touted promising early results for their vaccines the race is on. a ceremony has been held in berlin to mark the 76 anniversary of a failed attempt to assassinate it was attended by a defense minister an acclaimed cum captain bauer who also swore in new recruits to their german german armed services during her remarks she reminded them that their loyalty is to their country and not to any particular. trumpet salute for the heroes of the german resistance the pared down ceremony was held at the site of plot since a prison in berlin where many of the conspirators were executed after their plot to kill hitler and failed. on the 20th of july 944 german army officer class from

staff and bag led the attempt to kill the dictator with a briefcase bomb heedless of right the attack but the plot showed the world that not all germans backed the nazis a story that still has meaning today according to staff and banks grandson this is and a bit of a historic it is a bitter truth that in democracies there have been many successful assassinations which have changed the cause of the world in a tragic line against dictators assassinations of almost never succeeded but these resistance fighters resolve that they must make the attempt whatever the costs of. germany's defense minister stressed that the example of the plotters continues to inspire the country's military. we will empower peace freedom and humaneness around the world we were new this is a promise here now in commemoration of the men and women of the 20th of july

944 and if. the semantics new. to underline that tradition the 20th of july is no date when german army recruits swear their oath of allegiance to serve their country but also to put their conscience above mirah b.d. and stu orders. and now to some other stories making news around the world china has one thing u.k. it will quote bear the consequences after britain announced a quote suspend its extradition treaty with hong kong but follow similar action by the u.s. and canada in response to china's new security for the territory u.s. secretary of state's mike and taylor has arrived in the u.k. their 1st stop of his 2 day trip to europe is due to meet with u.k. prime minister forrest johnson to discuss u.s. and u.k. trade and political developments in hong kong. face masks on now compulsory in all of france us enclosed public spaces following

a series of new coronavirus outbreaks face coverings were already required on public transport and some establishments france brought down infection after 2 months locks on bottle which is fear of resurgent $76.00 anniversary oftentimes assessment has been commemorated with the swearing in of new services in berlin german defense minister on if they attended the event to pay tribute to the conspirators behind the 944 briefcase bomb plots. you're watching news see as a reminder of our top story this hour leaders strike a deal on a multi-billion euro gronau recovery plan commission has underlined says the agreement gives europe as a whole a chance to emerge from the crisis stronger. you're watching news live from berlin 4 news always on our website d

w dot com and you can follow us on twitter and on instagram at news i'm your new financial times thanks for joining us. and learning which courses. to do you. any time anywhere. w. .