german finance minister olaf schultz is proposing an aid package to help minister polities in the country he wants to invest 57000000000 euros to help cities and towns cope with declining tax revenues and stew stabilize their finances germany is facing its deepest recession since world war 2. and one of the biggest casualties in the krona virus crisis has been a culture of in particular live music and theater although some performances are being streamed online some theater and production companies are warning that they may well go bankrupt unless they receive financial help. alex forrest whiting joins me now to give us the measure of the problem just how big is it alex well it's a global problem and let's just take one element life it and it's likely to be one of the last sectors to reopen off to this crisis now we know that some theaters are already taking the decision to close as one in the south of england that has already gone into administration there are other british that it is that say they are very close to bankruptcy and that's despite the fact that the government is helping th

government's pockets with regards to this well there has been hints from the finance minister olaf schultz that we could indeed see another can or rather an initial economic stimulus package at the end of this month if not at the beginning of june but so far we've seen a financial aid package a historical amounts of some 750000000000 euros the biggest financial aid package that germany's handed out since the 2nd world war and that has been to keep all kinds of businesses and employees afloat and going through this pandemic but of course the question is what needs to be done after this pandemic as well there have been growing warnings that germany will still face a deep recession when this pandemic is over and that certainly seems to be what economic experts a point in towards at the moment and the german government has said that it's willing to do whatever it takes to keep the economy going but of course the numbers can only stretch so far and indeed we have already seen germany breaking some political and financial to boost as well taking on new debt something it hasn't done in years and