financial crisis we can have one trillion dollars war chest and we are determined to use as much as vesa serry in that protecting the economy from the scarring of this crisis stan verger is a resident scholar at the american enterprise institute is joining us live from washington d.c. by skype thank you very much indeed for giving us your time sir they i.m.f. is making a comparison between what we're seeing now in the economy and the 2008 global financial crisis is saying it's even worse than that what's the difference between the 2. well i'd say there are 2 key differences one is that in a certain sense the current economic downturn is intentional regular shutting down large parts of the economy in order to combat the public health threat so that it's very different from the global financial crisis which obviously was caused initially by instability in the financial system and by a housing crisis here in the u.s. separately and a 2nd important difference is that the initial shock we're seeing is not too much greater than the initial shock during the greater financial crisis during the global

financial crisis we can have one trillion dollars war chest and we are determined to use as much as vesa serry in debt protecting the economy from this current of this crisis a global bidding war has begun as countries and cities compete for supplies of personal protective equipment including masts gloves and gowns for health care workers turkey's president has announced tougher measures to contain the corona virus under the new rules masks must be worn in public and cars are banned from entering and leaving 31 cities for at least 15 days australia has closed its internal borders to maintain the decrease in the rate of new delhi infections people have been warned to stay at home over the upcoming easter holiday the prime minister scott morrison said the country was shifting to a suppression phase 28 people have died in the virus more than 5200 cases have been confirmed. and in other news donald trump has fired the u.s. intelligence community's inspector general michael inform congress in september about the whistleblower complaint that led to trump's impeachment. was 1st and bold impeachment p

financial crisis we can have one trillion dollars war chest and we are determined to use as much as vesa serry in debt protect the economy from this current of this crisis and a bidding war has begun globally as countries and cities compete for supplies of personal protective equipment including masks gloves and gowns for health care workers turkey's president has announced tougher measures to contain the spread of coronavirus under the new rules masks must be worn in public places there's a ban in place for cars entering and leaving 31 cities for at least 15 days german chancellor angela merkel has ended herself quarantine of the testing negative for the virus she's been held up as an example of how world leaders should manage the pandemic australia has closed its internal borders to try to capitalize on a decrease in the rate of new infections people have been warned to stay at home over the upcoming easter holiday australia's chief health officer said the daily increased infections fall into around 5 percent prime minister scott morrison said the country was shifting to a suppression phase

financial crisis we have one trillion dollars war chest and we are determined to use as much as vesa serry in debt protecting the economy from the scarring of this crisis britain's health secretary says there are at least 2000 critical care beds available for coronavirus patients and there will be thousands more once new temporary hospitals are open across the country almost 700 deaths were recorded there in the past 24 hours an increase of almost 25 percent we cannot relax our discipline now if we do people will die so i end with the advice that we all know this advice is not a request it is an instruction stay at home protect lives and then you will be doing your part turkey's president has announced new restrictions to combat the spread of coronavirus he says vehicles will be prevented from entering or leaving more than 30 cities and that's from midnight on friday a partial curfew will also be imposed on people under the age of 20 the mayor of turkey's largest city that system ball has been urging the government to impose a full lockdown and says time is running out to halt the spread o

financial crisis we could have one trillion dollars war chest and we are determined to use as much as vesa serry in that protect the economy from this current of this crisis a global bidding war has begun as countries and cities compete for supplies of personal protective equipment including masts gloves and downs for health care workers so this president has announced tougher measures to contain the kind of a virus under the new rules masks must be worn in public people under the age of 20 and also be subject to a partial curfew and cars are banned from entering and leaving 31 cities at least 15 days german chancellor angela merkel has ended herself quarantine after testing negative for the virus she's being seen as an example of the world leaders should manage the pandemic in other news donald trump has fired the u.s. intelligence community is inspector general michael atkinson had informed congress in september about whistleblowers complained led to trump's impeachment atkinson is the latest person involved in the impeachment procedure to be removed the president said he had lost all confiden

financial crisis we can have one trillion dollars war chest and we are determined to use as much as vesa serry in debt protecting the economy from the scurrying of this crisis a global bidding war has begun countries and cities compete for supplies of personal protective equipment including masks gloves and downs for health care workers people in turkey must now wear masks and public that's one of several new measures that the president unveiled on friday to contain the virus people under the age of 20 would also be subject to a partial curfew and cars are banned from entering and leaving 31 cities or at least 15 days in other news donald trump has fired the u.s. intelligence community's inspector general michael atkinson had informed congress in september about who was the worst complaint that led to trump's impeachment. is the latest pietschmann procedure to be removed. the american singer songwriter been with us has died you know. when you see the. 3 time grammy award when i wrote major hits including a lovely day as well as made on me and ain't no sunshine the 81 year old stopped making mu