some of the other business stories making headlines around the world france's president and model mccraw 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 and 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 to be initiative to drop a plan to help europe climb out of the you can only slump the commission would create a $500000000000.00 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 coronavi

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

time phil gale welcome to the program german chancellor angela merkel and french president emmanuel mccraw of throwing their support behind a you efforts to raise billions of euros to fund research into a coronavirus vaccine they use convening a donors conference next week in an effort to raise 7 and a half 1000000000 euros european commission president as at a fund to lion says the goal of the fund is to develop a vaccine treatment and tests available to all at an affordable price. as scientists around the world race to develop a vaccine the e.u. is trying to rally close will support in the fight against corona virus in an interview with the commission president person of underly and cool for a cool water and. approach have to build up capacities to manufacture and zillions of those and then we have to make sure that we can deploy to every corner in the world in a fair and affordable price and that's what exactly we're working on for that we need money and we need to go global corporation. the pandemic is also putting a strain on state finances countries like italy and spain want support

boost the block's struggling economies german chancellor angela merkel and french president emmanuel mccraw announced the plan on monday in a significant policy reversal that shy germany says it is now willing to use its stellar credit rating to help the e.u. bar of the money it needs for the fund. they used to be known as the motor of the e.u. but recently germany and france of struggle to develop a common approach on europe's big question now the pandemic seems to have reinvigorated the franco german tandem you buy it isn't about psych the un we are both convinced the answer is europe must act together the nation state on its own has no future and for germany i say germany can only thrive if europe thrives all. the miracle macron plan is big it will direct 500000000000 euros it industries in countries most severely hit by the pandemic importantly these are not loans but grants meaning the money will not have to be repaired 8 and the cash will be borrowed by the e.u. commission on the capital markets and paid back over 20 years. so has miracle turned her back on her principles all this rep

i'm still gail welcome to the program german chancellor angela merkel and french president emmanuel mccraw have thrown their support behind the you efforts to raise billions of euros to fund research into a coronavirus vaccine. they use convening a donor conference next week in an effort to raise 7 and a half 1000000000 euros european commission president has set a fund the land says the goal of the fund is to develop widely available vaccines treatments and tests at an affordable price. as scientists around the world race to develop a vaccine the e.u. is trying to rally close will support in the fight against corona virus in an interview with the commission president person of on the lie and call for a court and. approach have to build up capacities to manufacture and zillions of those and then we have to make sure that we can deploy to every corner in the world in a fair and affordable price and that's what exactly we're working on for that we need money and we need to go global corporation. the pandemic is also putting a strain on state finances countries like italy and spain want suppo

german chancellor angela merkel and french president emmanuel mccraw have thrown their support behind efforts to raise billions of euros to fund research into a coronavirus vaccine the e.u. is convening a donors conference next week in an effort to raise 7 and a half 1000000000 euros european commission president as for the fonda lyons says the goal of the fund is to develop a widely available of vaccine treatments and tests at an affordable price. a scientists around the world race to develop a vaccine the e.u. is trying to rally global support in the fight against corona virus in an interview with the commission president ursula vaughan the lion called for a cool water in a suit approach have to build up capacities to manufacture it zillions of those and then we have to make sure that we can deploy to every corner in the world in a fair and affordable price and that's what exactly we're working on for that we need money and we need to go global corporation. the pandemic is also putting a strain on state finances countries like italy and spain want support in the shape of so-called c

german chancellor angela merkel and french president emmanuel mccraw have thrown their support behind efforts to raise billions of euros to fund research into a coronavirus vaccine they use convening a donors conference that next week in an effort to raise 7 and a half 1000000000 euros european commission president sort of on the line says the goal of the fund is to develop a widely available vaccine treatments and tests at an affordable price. as scientists around the world race to develop a vaccine the e.u. is trying to rally global support in the fight against corona virus in an interview with details commission president ursula vaughan the lion called for a cool water in a city approach have to build up capacities to manufacture it zillions of those and then we have to make sure that we can deploy to every corner in the world in a fair and affordable price and that's what exactly we're working on for that we need money and we need to go global corporation. the pandemic is also putting a strain on state finances countries like italy and spain want support in the shape of so-called

emanuel mccraw unveils an $8800000000.00 plan to revive the french auto industry by making it europe's top a clean car producer. for minneapolis police officers are fired over the death of a black man after video emerges of a white policeman dealing on his that. fellow concern is growing at the potential scale of the corona virus outbreak in latin america the continent is nearing 150000 deaths in the world health organization says the spread is still accelerating in brazil peru and chile brazil is of particular concern as it now has the 2nd highest number of infections in the world and the u.s. study is warning its total number of deaths could multiply 5 fold by early august terrorism go has this report. away from the sandy beaches of rio there's any we've got a national on fabiano the kind that are i trying to locate patients in they've 1115 . we have just recovered from 1000 themselves and are now working on their day off to help those in need. of full most cases were not serious so this way we could help them to going to people where to go with visiting people and also to see their

day it's unclear whether hariri was forced to step down it was only when french president emmanuel mccraw intervened that he was allowed to leave saudi arabia once back in lebanon hariri percentage his resignation political machinations that boost hezbollah's position a few months later the group registered and in fact electoral victory in a government headed by hariri they were represented with 2 cabinet posts for the 1st time. the party to this is the only opposition bertie in the middle really refused to be part of the deed the managed to get. to control the country. and today we are fighting alongside with a lot of independent personalities and some groups from the civil society in order to form a larger position to the to the way lebanon is being governed today. has followed representatives really grant interviews to western media. as a recourse that means talking to their allies like you're seeing you have been a shiite and longstanding member of parliament. he says hezbollah is indispensable . as well of the moment is the seen by many people as a party that helped defeat boxes that

emanuel mccraw unveils an $8800000000.00 plan to revive the french also industry by making it.