common good. we will be bold by raising unprecedented amounts of funding at european level we will be focused by channeling the funding to the new priorities that will shape the future. and to achieve this we're setting up the next generation e.u. worth 750000000000 general we will use the bulk of this money to help member states we cover from the crisis and build up their long term resilience cut by city. and for more on the state of world economy of let's bring in professor richard wolfe host of economic update and boom bust co-host christy our i let's start off with you professor wolf we actually had a question here for you actually the vice president of the e.c.b. has actually backed the unprecedented stimulus packages launched in the region and now fiscal deficits are expected to widen even further what are the financial repercussions of this and is there any other alternative. well the situation has been allowed to be cheerier a your arse hole for a unified way before were...