the blocks response to the economic impact while ruling out the idea of joint debt in the form of corona vons merkel said germany is ready to make significantly higher contributions to the e.u. budget. national efforts can only succeed if we are also successful in europe. you've often heard me say in the us house germany can only flora's in the long run if europe is also in good shape and of. european solidarity in health policy the so far been germany's focus more than 200 patients from france italy and the netherlands are being cared for in germany intensive care units but with the true economic impact of current virus still unknown pressure is growing on europe's economic powerhouse to loosen its purse strings. well they you had some state meet in a video conference today to negotiate a package to help economies recover and. is in brussels for us hi karen so how far apart are member states on how to issue debt to finance the accu economic stimulus so we still lots of work here for your leaders let's not forget this all leads us back to an age old raul over mutual i stepped between the nort

budget as being the place for european solidarity so the term of corona vons whether it will be used or not that is pretty much remains off the table as far as germany is concerned we've also heard some noises from italy that the treaty change might indeed take too long so that's one step towards a potential compromise but one thing is clear the richer countries particularly germany have recognized that they are the ones who will now have to pay significantly more we also saw a macro almost silently drop her resistance to paying for short term workers' compensation in other e.u. states so germany has already moved significantly there germany stands for multilateralism it wants to ramp up those international institutions the world health organization and the other point the german chancellor made is that if a vaccine is found and for us far as we know she said that's the only thing that could stop this pandemic right now science is for the world and the whole world and that this vaccine would then also have to be made available to the entire world so she spoke like a true world leader

fronts up with guarantees full then debts cold euro vons all in the current crisis corona vons effectively having the germans and the northern european countries guaranteeing that debts so that they then can concentrate their economies on fights in corona that has not happened and in some ways it was probably never going to happen right now because there is resistance from the germans the finns the dutch and the austrians whole are really bulking at the idea of providing this blank check is it at least that's how it's portrayed several important eminent business types in germany don't want to see that happen so what's in they have instead is solidarity they have the metaphorical equivalent of tea and sympathy for the southern european countries they are being told ok you can have fast loans you don't have to repay them right now and there's money that will help your employers keep their stuff on the payroll without them going to the wall right now but this is temporary assistance it's not something that the e.u. can keep paying loan into next year or is it what this is not what's on the ta

with something like a corona vonore, or will there be something like make itting esm to look like corona vonainly suggests slightly easing of the attitude towards risksharing here. i think the general policy makers have been signed by the rhetoric coming out of spain and italy around the degree of risksharing and solidarity. been statements overnight that the conditions that we're attached to greece will be waived in respect to this crisis. and i think what we do need to hear a little bit more from german policymakers, because it is largely led out of germany, is whether it's a moral hazard to house concerned previous the generations and the current generation of lawmakers is going ed, because this is one of those things difficult to blame companies or governments for a lack of preparation. it would be a poor use of private and sector balance sheets if you buildup contingencies for something you never saw coming. got: let me tell you we've spain services pmi coming across. it actually felt to 23. without looking, i'm going to guess that's a record low. correct me if that's not the case. drop

also corona bonds with germany ursula von der leyen apologizing that at the start of the crisis they not done more to help italy. this is bloomberg. ♪ economic impact and on the sustainability of the public finances is still to be assessed and clarified. there are a number of uncertainties, including the impacts of this pandemic disease. we estimate for the italian gdp that couldin , and bad as 11.5% overall highmatter of fact, for a debt country like italy is, that would be extremely severe tensions on the financial stability of the public finances. i don't believe there are alternatives that to our solidarity of the debt. i know that there is resistance in germany and the nordic cultures about the concept of the eurobond, but i also recommend it as the leading european think tank to rename esb,bonds in what i call european solidarity bonds. that is the only way to have long term debt consolidated to save lives, to have an impact. francine: we do have a horrific headline saying the number of deaths because of the coronavirus has risen to 10,003 people from 9053 people yesterday. i u

front up with guarantees full then debts called euro vons all in the current crisis corona bombs effectively having the germans and other northern european countries guaranteeing that debts so that they then can concentrate their economies on fights in corona that has not happened and in some ways it was probably never going to happen right now because there is resistance from the germans the finns the dutch and the austrians all are really bulking at the idea of providing this blank check as at least that's how it's portrayed by several important eminent business types in germany don't want to see that happen so what's in they have instead is solidarity they have the metaphorical equivalent of tea and sympathy for the southern european countries they're being told ok you can have fast loans you don't have to repay them right now and there's money that will help your employers keep their stuff on the payroll without them going to the wall right now but this is temporary assistance it's not something that the e.u. can keep paying loan into next year is what this is not what's on the table rig

corona here, we don't want it, if you try to we will boot you out. >>> coming up, a brand-new friday "polka" with familiar faces. >> first, super bowl mvp von millernd nfl player in two days to have reportedly tested positive for the coronavirus. what we're hearing about his condition. >>> later in "the mix," what's enticing coyotes out to the beach in the san francisco bay area? how about poor fred wilson? what a shame. so soon after retiring. i hear his wife needed help with the funeral expenses. that's ridiculous! -he had social security. -when my brother died, his wife received a check from social security, all right-- for $255! the funeral costs were well over $8,000. how on earth did she pay for it? fortunately, my brother bought additional life insurance -before he retired. -whew! i bet that cost a pretty penny, huh? not with colonial penn. coverage options start at just $9.95 a month. less than 35 cents a day. i have it myself. -we both do. -both of you? neither of us had to answer any health questions or take a physical exam. in fact, no one our age can be turned down. for any health reason. your rates go up every year, right? no, not at