up and running and it has the agreement of the european council and in the history of the european union that is an absolute record for a new budgetary instrument. and next generation europe is very extensive more than 1.8 trillion euros and that's more than 5 percent of the g.d.p. of the e.u. 27. and europe still has the courage and the imagination to think the u.k. . and it was so doing we. are fully aware that this is a historic moment in europe. we are currently in one of the most difficult economic and health crises but nonetheless europe it. is managing. having worked really hard to tackle this crisis in a really effective way and this will benefit the e.u. budget and it will link solidarity with responsibility solidarity here because all 27 countries together her. parents support next generation is your responsibility because next generation the e.u. it doesn't just point the way out of the crisis but also it serves the very foundation of a modern and sustainable europe one of the tool more points we have now on the new own resources tightly linked to the repayment this is a big s

the president of the european council has offered a compromise to break a deadlock over a coronavirus economic recovery fund charles michel's revised the amount which would people paid out in grants to countries needing help to bounce back from the pandemic european leaders negotiating for a 2nd day after 14 hours of talks on friday failed to find a breakthrough in the divided over what is overall an $858000000000.00 recovery fund the main question is whether and how much should be distributed as grants or as loans so you've got the a use for biggest economies france germany italy spain want most of the money to go out as grants but the leaders of the netherlands austria denmark and sweden have urged a more frugal approach they're saying smaller grants bigger loans meanwhile hungry in poland object to the proposal being tied to democratic rights from london that in barba now in the developments out of brussels. one of the main players is the dutch prime minister mark return he said late on friday that the talks have got increasingly grumpy but he did say that he wasn't completely pess

from michelle the president of the european council and slavonic elaine the president of the european commission they've been reiterating the unity and solidarity of the e.u. both describing it as the next generation european union especially the emphasis on green investments as they focus on the attempted economic recovery well let's now speak to our correspondents to fast and she joins me now on the phone from amsterdam stepped off to move the 90 hours of negotiation as a bunch of language saying that we finally have a deal a historic deal can you talk us through what's been agreed here. yes you heard the word mission impossible as several times of course during this press conference and it is indeed a big victory for the european council president shall because the future of the e.u. as a unity was basically hanging in his hand and it is of course a very important sign that all the 27 countries have signed this deal because if it would have not if it would have failed it would have been dramatic of course for the european union and at the end it's a compromise that was a long battl

council president charles michel offered a revised proposal for the package aimed at helping countries worst affected by the pandemic tensions are running high between leaders and many expect the talks to continue until well into the night friday's negotiations and earlier than expected when an agreement looked unlikely the talks are hung up over the packages mix of loans and grants and who controls how countries spend the money. our correspondent bob i have is was monitoring the developments and brussels for us baba a new proposal from european council presidential michelle is now on the table making important concessions to the so-called frugal for any chance this will be more acceptable to the reluctant member states it's more except through to the through for of course and so we heard the austrian chancellor sebastian chord saying hope things are going quite well in his direction he meant of course but we heard also in the meantime the italian prime minister just at a con to said the talks are stalled because he doesn't find the cuts acceptable so around dinner time within 2 hours

as germany takes over the presidency of the european council to her main goal to contain and recover from the pandemic. i'm good to have you with us we start with breaking news the prime minister of the ivory coast still madieu gone. has died at the age of $61.00. was also the ruling party's candidate for the presidential election coming up in october his death throws that race into disarray the cause of death has not yet been released but. i just received medical treatment for a heart condition in france. joined here at the big table by my colleagues you know you report. so what do these death mean for the ivory coast tonight yet so it's a big shock for i recall certainly because he was only in march so i declared being the presidential candidate for the ruling party and as you said earlier the election coming up this year in october. tomorrow and so all these. him as a candidate as a candidate is because i was president since 2010 has only 2 only 5 years one term and there was a big movement all over africa to restrict these long time standing presidents so he said he couldn't go a

holds today to mark the beginning of germany's 6 month presidency of the european council with the european union in crisis. masks hand gestures and rather awkward head nodding have taken the place of handshakes german chancellor angela merkel's 1st trip abroad since the corona virus outbreak was marked by new pandemic etiquette as you have confronts an unprecedented threat are already over 100000 european lives have been lost to the virus and alongside growing debt and unemployment the continent to seeing a marked rise in populism. when this in for the pandemic can't be fought with lies and dissent from ation beneath even nor with hatred and agitation in fact denying populism is being shown its limits i've used up the top priority of the german presidency is to ensure that europe emerges from the crisis united by just short term stabilisation of europe will not be enough we also want to europe that offers hope in a while but us hope. america supports the e.u. commission's proposed joint recovery fund of 750000000000 euros to provide financial help especially to the southern european countr

germany's taking on the european council presidency at a time we will show great respect and invest great passion into this challenge i believe in europe i am a fervent advocate to europe not just as a legacy from the past but as a harbinger of hope for the future europe is not something to pass down to us some sort of fate that too is incumbent upon us europe is a living project that we can shape and change. europe does not restrict our room for maneuver in a globalized world europe gives us more room for maneuver it is only with europe that we can maintain our freedoms. and so more than ever before we need to focus on fundamental rights we need to mutual assistance and support solidarity a community spirit of europe will only be safeguarded if we offer innovative responses to the challenges of climate change digitalize asian and our responsibility in the world those are the huge challenges facing us but i am confident look back at the various tests and trials that europe has already overcome the failed to treaty the constitutional treaty 15 years ago the economic and financial crisis an

council president it's on the table will this be any more acceptable to the more frugal members there. at this it's getting there because we've heard positive noises from several members of the austrian chancellor for instance just said that it's going in the right directions the talks were intense which is diplomatic speak for there is quite a battle raging ongoing and that's a good sign because as soon as it gets to the point where they turn and in circles for several hours and everybody says no no and no again it's time to break up and try again but we haven't reached that point yet so to date to end it's ongoing there would swing away at the figures that's what they're doing at the moment and they're sort of. packages within this big recovery deal and within the european budget a little bit more for agriculture a little less for something else a little less for signs for instance we hear the protests from the loving groups coming in by the hour and on the other hand it is also if you bit less on grounds and a bit more in loans so that again satisfied the frugal countries the north

council and making sure that there is a substantial financial recovery package for the eurozone in the light of the pandemic is very much of the 1st mammoth task for germany during its presidency so a lot of responsibility and a lot of pressure on germany going into those talks certainly is a lot of pressure the italian prime minister saying that right now the very survival of the eurozone is a stake is that view shared here in germany. certainly and that's something we've heard reiterated a few times just in the last couple of weeks since germany took on the presidency of the european council from angela merkel stay in no time come the wastage and if that is the case then only the weakest countries in the eurozone set to be set to a set to come off the worst and say we really have seen germany already making a shift in its policy the fact that is ready to make that concession and enable the e.u. to the eurozone to take on more borrowing to take on more debt in order to pull the e.u. through. this economic crisis and on precedented circumstances so broadly speaking germany is very much

up and running and it has the agreement of the european council and in the history of the european union that is an absolute record for a new budgetary instrument. and next generation europe is very extensive more than 1.8 trillion euros and that's more than 5 percent of the g.d.p. of the e.u. 27. europe still has the courage and the imagination to think big. and in so doing we. are fully aware that this is a historic moment in europe. we are currently in one of the most difficult economic and health crises but nonetheless europe is managing. having worked really hard to tackle this crisis in a really effective way and this will benefit the u. budget and it will link solidarity with responsibility solidarity here because all 27 countries together her. barin support next generation e.u. and responsibility because next generation the e.u. doesn't just point the way out of the crisis but also it serves the very foundation of a modern and sustainable europe. of 2 more points we have now the new only resources tightly linked to the repayment this is a big step forward with a clear timetable m

councils are involving all of the member states show me show the head of the european council van hope held a series of separate meetings on saturday morning trying to get some movement and during the day what he's come up with this idea is us saying countries like the netherlands and their allies in the so-called frugal states want to see a bigger share of the total recovery fund going in loans and less in grants as in giving money to those states in which states are we talking about well it's the likes of spain and italy which have really been hit hardest economically as well as in terms of deaths from covered 90 which are michelle has been saying that they could reduce the the amount that goes in grants from 560000000000 dollars to 5 $100000000000.00 that would leave around $350000000000.00 so a smaller sum in loans those states are not located him in the dutch have been saying in the last few hours that they want to see they even they want to see the entire amount reduced in some cases but also that hasn't actually satisfied them in terms of how it's sliced up conditionality is ano

translation: there is a proposal from the president of the european council now which i believe represents in a very smart way what we want but this doesn't mean that everyone accepted it so we don't have a deal yet. it was elbow bumps in the first face—to—face eu summit since spring lockdowns across the continent. pleasantries that masked a deep divide among eu countries over whether the package should be given as grants or loans. france and germany want grants to mostly finance the fund but four wealthy northern member states, the netherlands, sweden, denmark and austria, insist on loans. still, there is some optimism. translation: in summary, one can say it is going quite well. things are going in the right direction. of course, as you'd expect, it is a tough struggle, a tough negotiation but there is movement in the right direction and that is the most important thing. with the pandemic dealing europe its worst economic shock since world war ii, leaders here are hoping they will be able to iron out their differences when they meet this morning. james ransley, bbc news. our europe c

i'm a banker it is welcome to the program european council president schama shell has presented a new proposal for a contentious a year recovery fund a year later is holding a 2nd day of talks to try to bridge their differences over the fund aimed at helping economies recover from the impact of coronavirus german chancellor angela merkel has been chairing the talks since yesterday as germany currently holds the 80 years rotating presidency be you is divided on how to assist those hardest hit by the pandemic a major sticking point continues to be a want to grey member states should share the debt. and before we talk to our correspondent in brussels let's take a look at what's at stake. mosque's on gloves off european leaders a back in brussels for the 1st time since the beginning of the corona crisis with approx finances at the top of the agenda cancel presidential in the shadow expects negotiations to be exceptionally tough a lot is at stake situ nutrisystem could if you see that i know it will be very difficult because it's not only about money it's a question of the future of europe

council president show me show offered a revised proposal for the package aimed at helping countries worst affected by the coronavirus and deming german chancellor angela merkel is chairing the summit tensions are running high between leaders whose home countries have been hit hard by the virus friday's negotiations ended earlier than expected when agreement looked unlikely the talks are hung up over the packages mix of loans and grants and who controls how countries spent the money. i'm joined now by our correspondent barbara valle who's in brussels monitoring the situation barbara there's a new proposal from the european council president it's on the table will this be any more acceptable to the more frugal members there. at this it's getting there because we've heard positive noises from several members the austrian chancellor for instance just said that it's going in the right directions the talks were intense which is a diplomatic speak for there is quite a battle raging ongoing and that's a good sign because as soon as it gets to the point where they turn and in circles for sev

the president of the european council has offered a compromise to break a deadlock over a coronavirus economic recovery fund shell michel revised the amount paid out in grants to countries in need of stimulus funds european leaders are holding a 2nd day of negotiations in brussels friday's talks ended without an agreement these are divided over an overall proposed $858000000000.00 coronavirus recovery fund the main question is whether and how much should be distributed is grants or is loans the e used for biggest economies france germany italy and spain one most of the money to be paid as grants the leaders of the netherlands austria denmark and sweden have urged a more frugal approach pressing for more money in loans meanwhile hungry in poland objects to the proposal being tied to democratic rights or rick brooks is a political analyst and a professor at stanford university in berlin he explains why the negotiations have been so difficult. i think what we observe is a state that we got used to since the founding of the european union and given the fact that it's not a state or a fede

council and in the history of the european union that is an absolute record for a new budgetary instrument bason has been watching all of this for us from amsterdam step after more than 90 hours of negotiation as bonds land was saying that we now finally have a deal there are a number of fests in this package can you talk us through what's been a great. exactly it was a dramatic summit and it was the longest in the last 20 years and finally they came up with this quite complicated compromise before the summit started there was a huge part of grants 500000000000 euros of grants well that was something that the specially the northern smaller countries didn't agree to didn't want to agree to sort of compromise is now that it's nearly half of the money is going to be grants and half will be loans and also to these grants that are going to be strict conditions that's also something that the frugal for the so-called frugal for the countries in the north the nat'l and sweden denmark and austria really insisted on they didn't want to give what they set free money so there are conditions on economi

and angela merkel's europe, germany takes over the presidency of the european council. her main goals to contain and recover from the pandemic. and a grim warning from the united n nations. half a million people could die from aids because of covid-19. the pandemic means many hiv patients are not getting the medicines they need to stay alive. i'm brent goff -- to our viewers, welcome. we start today with breaking news through the prime minister of the ivory coast has died at the age of 61 years old. he was also the ruling party's candidate for the presidential election coming up in october. his death throes the race into disarray. -- throws the race into disarray. he had just received medical treatment for a heart condition in france. for more now, i am joined by my colleague and dw reported. what does the prime minister's death mean for the ivory coast tonight? >> it is a big shock for the ivory coast, because it was only in march and he was declared a potential candidate for the ruling party. the election coming up this year in october. october is nearly tomorrow. him

leaders meeting on the sidelines of the european council have called on all libyan parties and their foreign supporters to immediately end their fighting the council had been discussing the coronavirus economic recovery fund but after 2 days of negotiations they do not appear close to an agreement a compromise has been offered by the president of the european council to try to break the deadlock. iran's president hassan rouhani says 25000000 people more than a quarter of the population have been infected with the coronavirus in a televised speech on saturday he said another 35000000 are at risk of infection iran has officially reported about 271000 cases but to his office says is much higher figures are based on research estimates by the health ministry. u.s. leaders are paying tribute to one of the country's most respected civil rights activists congressman john lewis who was died at the age of 80 louis helped organize the 963 march on washington d.c. when martin luther king jr delivered his i have a dream speech. israelis are out in the streets of tel aviv protesting against their

of letters to inform the european commission and the european council about the illegal group pushbacks the greek or her eighty's and in those 2 totally unacceptable and other european you parliament to leave decided that we have to reform the dublin regulation and always need you can cancel you now want to talk about the new component of the european parliament. i will come back to the arrangements in the course of let's let's talk about the european border agency frontex which works closely with the great coast guard in the mediterranean for why doesn't it stop a step in and stop any illegal action. yes we have a real critic of you on the activities of frontex. frontex have the duty. during their jobs to comply with the fundamental arrives and we are very concerned that they did not act in that way and for example. when we have a look at the route will illegal pushbacks we are wondering that frontex. doesn't mention any of these incidents and that. yesterday we had the opportunity to speak with the director of frontex and he wasn't able to clarify what is happening. at the g.m.c. and

asked germany to take over the presidency of the european council the main goal is to contain the pandemic and protocol its consequences also on the program for millions of people in the australian city of melbourne for so long down the government says it's the only way of preventing a catastrophe. v.w. has an exclusive interview with the winner of historic election for president a lot. of problems for the nation's young people. i'm for welcome to the program german chancellor angela merkel has called on the european union to unites stronger from its greatest challenge the coronavirus pandemic this is the 2nd time germany has taken over the presidency of the european council with chancellor merkel at the helm speaking out the european parliament in brussels the chancellor laid out her vision for germany's 6 month term which will be dominated by economic recovery from the pandemic and she welcomed the commission's plan for a recovery fund for struggling european economies. but the chancellor said member states would need to compromise in order to sign off on the recovery fund before next mo

council she saying that there was a need here in europe right now for the whole block to become more self-reliant and take a more independent stronger stance ok was we'll see if we have some more independence coming out of brussels later today perhaps kate thanks so much for now. let's get you up to date now on some of the main pandemic developments deaths in mexico from the crow virus of now exceeded 35000 only the u.s. brazil in the u.k. have seen more deaths british charity save the children is warning that as many as 10000000 children may never return to school due to lockdown measures urging governments do more to protect the educational outcomes of their country's poorest and most vulnerable. south african spain's catalonia regions have joined the list of areas reimposing lockdown measures due to new outbreaks the city of houston in the u.s. is also reportedly considering a new lockdown as well well millions of europeans will be going without a summer vacation abroad this year and instead will be staying closer to home that's hitting countries with large tourism sectors like cr

to work on this legislative act we've also said that in the european council we will seize. we will be seas was a matter if there are still open questions. in our conclusions we are committed to on the one hand upholding the. accepting the principles of financing in the european union and safeguarding it and also upholding other principle of respect for rule of law. for. respecting rights basic rights and. we refer to this but i must say that i refused to single out one or 2 countries that may be of land fall under this legal act and then such as to act this is a general and what sort of stepson carrying government has to take in order to bring this article 7 procedure to such a level that it can be debated and agreed on in the council well the prime minister of and has said to me at that he wants to bring this a conclusion that he doesn't want this to be hang in the air and we will support hungry in doing that but obviously the crucial steps will have been taken by hungry . well on the rebate because one can regrets that the principle of rebates has not been maintained here

takes over the presidency of the european council. to contain. its consequences for the program a call from president. break out of the plans. for the infections. united nations warns for. extra deaths from aids because of. the pandemic disrupts pharmaceutical. exclusive interview with the winner of historic election. for the nation's young people. to the program german chancellor angela merkel has called on the european union to unite stronger from its greatest challenge the coronavirus pandemic it's the 2nd time germany has taken over the presidency of the european council with chancellor merkel at the helm speaking at the european parliament in brussels laid out her vision for germany 6 months which will be dominated by economic recovery from the pandemic. the commission's plan for a recovery fund for struggling. the chancellor said member states would need to compromise in order to sign off on the recovery fund before next month's summer recess diffidence than it might in some and if we are willing to overcome our differences and identify sha

to have the agreement at the next european council, to implement what they are thisncing, and implementation needs to be very fast. last time 10 years ago, the big problem was timing. the crisis started in 2008 with lehman brothers, but the first 2012, 4s arrived in years later. can you imagine now to have the same crisis starting in march and responses in 2024? it is not possible. ,e need responses very fast both at national and european level, but first of all at the european level. plan, butecovery vonda lay-in, the commission plan did, i think it is a good did, i think lyon it is good. buffett: coming up, mr. goes buying. berkshire hathaway get its biggest acquisition in four years. more on that later this hour. up next, we will talk about how the coronavirus reshapes trade. this is bloomberg. ♪ francine: this is "bloomberg surveillance pickup will the coronavirus crisis reshape trade and international relations? services have some to their lowest level in more than a decade. european leaders talk about shortening supply chains and curbing reliance on china. should 2020 prove a turning

council shells michel to try to break that that look. u.s. leaders are paying tribute to one of the country's most respected civil rights activists congressman john lewis who has died at the age of 80 mr lewis helped organize the 1963 march on washington d.c. when martin luther king jr delivered his i have a dream speech tens of thousands of protesters in the far eastern russian region of khabarovsk are rallying against the rest of the governor said a full gallop is in custody after being flown to moscow accused of plotting the murders of business rivals 15 years ago his supporters say the arrest is politically motivated. coming next it's a listening post more news in half an hour but i. under. the tree. hello i'm richard quest virgin you're watching the listening post working from home here are some of the media stories we're covering this week poland reelect president after the government turns back the clock to the good old days of state controlled television he won the nobel peace prize last year but now the ethiopian prime minister

council chance of methyl at the helm speaking at the european parliament in brussels the chancellor made out her vision for germany's 6 month term which will be dominated by economic recovery from the pandemic and she welcomes the commission's plan for a recovery fund for struggling european economies. the chancellor merkel said member states would need to compromise in order to sign. and often the recovery fund before next month's summer recess diffidence than it might in some and if we all willing to overcome our differences and identify sched solutions if we are willing to view the world through the prism of others europe will emerge from the crisis stronger than ever if we strengthen cohesion and solidarity no one will get through this crisis alone we are all vulnerable the eyelids and 5 when. straight to brussels that we join did of these that chief international editor richard walker welcome richard european leaders have been calling for greater unity amongst member states since forever so how does i'm going to medical plan to make it happen this time. we're a century she's sa

council and in the history of the european union that is an absolute record for a new budgetary instrument you know as president donald trump has met congressional leaders from his republican party to discuss a coronavirus economic relief bill that says cases there continue to soar florida california and texas are seeing a big increase in infections china has accused britain of violating international law by suspending its extradition treaty with hong kong and the u.k. foreign secretary don't like rob described the measure as a reasonable and proportionate response to the city's new national security law. more protests by opponents of mali's president are expected later on tuesday that insisting abraham paid to steps down the opposition's rejected a proposal from original body ecowas calling for a unity government. but testers have returned to the streets of guinea's capital after 3 months of relative calm because of coronavirus restrictions they're angry about a potential reelection bid by 82 year old president offer condé the 2nd 5 year time and. a blast in pakistan's boss's town provin

as germany takes over the presidency of the european council to the main goal is to contain lead time delegation overcome its consequences also on the program. so obvious president calls for calm following violent clashes over plans for. critics blame the jump in new coronavirus inspections on the president's political ambitions. the united nations warns of a possible half a 1000000 extra deaths from because of conflict 19 the pandemic disrupts the surgical supply chain. i'm still gal welcome to the program german chancellor i'm going to medical has called on the european union to unite to emerge stronger from its greatest ever challenge the coronavirus pandemic it's the 2nd time germany has taken over the presidency of the york council with on sabbatical help speaking of the european parliament in brussels the chance for them laid out her vision of germany 6 months which will be dominated by economic recovery from the coronavirus pandemic. welcome the commission's plan for a recovery fund for a struggling for struggling european economies. but the chance of a 7 member states would ne

we have different views over the final agreement, but this time around i think the european council has enough so as to bargain and find a deal that buts not only frugal [indiscernible] guy: we have seen a polish election. does the reelection of president duda make it slightly more difficult to make this happen? floutedargue poland has some of the rules that are at the core of the eu and the prospect of further erosion of media freedom there as well? mario: disagreement is variant -- this agreement is very important for poland. poland is a big part of the agreement and everyone understands. we are having elections at all times in europe. this is one of the characteristics of our democratic nature. we have mature democracies. i do not think one should be put in front of the other. the fact that we had a democratic election in poland last weekend's of our own nature. we need to work with all governments. governmenthe polish and the newly elected -- and the reelected polish president understand how important it is for poland an agreement on these subjects. alix: going into the meeting ther

the oppositions are very different the president of the european council michel has got a an as invited everyone on the 17th of july to discuss this issue and there be many top's that would be necessary and i for example will also be involved in these now working closely together with others i would like to achieve a union as quickly as possible so that the economic recovery can take place as quickly as possible and sustainable is why what's important is that the economic recovery benefits everyone and that it's not just about companies and employees but that we also retain and strengthen social cohesion and you have it and that means that the opportunities for young people in europe must be preserved and this is why in our presidency we will be pushing him for a youth guarantee the possibility for every young person to get a job the income that they were not in the 6 months ahead. we won't be only dealing with combating the crisis but we last to be working intensely on terror we can address climate protection digital stuff when a t. and europe's role in the world in the future. 2 weeks

council president showing michelle saying he's confident a deal will be struck agreement over the $2.00 trillion dollars budget has been beset by deep ideological differences focused on the roughly $850000000000.00 coronavirus recovery fund is highlighting divisions over how much would be repayable and i suppose was for 445000000000 dollars in essentially free grants that's more than countries including the netherlands want and less than the amount table by france and germany and joins us live now from paris so where do things stand now natasha. well what we have is this proposal by the e.u. council headshell michel and it comes after several days and nights of intense discussions between the e.u. use $27.00 leaders now when they went into these talks at the beginning of the summit on friday what was on the table was this roughly 860000000000 dollar recovery fund to help europe's economies recover from the current virus pandemic the discussions over the past few days of really focused on how would that money be distributed is the size of the fund the $1.00 that we want and these are whe

piotr buras, head avenue the warsaw portion of the european council relations. coming up, opec-plus readies its next move to avoid an oil taper transfer. we will bring you those details next. this is bloomberg. ♪ yousef: this is "bloomberg surveillance." i'm yousef gamal el-din in dubai. here are some of the highlights as we count down to those events. today, later on, we are going to be seeing the governor of the bank of england, andrew bailey, speaking on a webinar entitled libor: entering the endgame. he will be joined by fed president john williams as well. the panel will be monitored rated by francie look -- will be moderated by francine lacqua. forhave the u.k.'s office budget responsibility. they are going to publish three economic scenarios on the impact of the pandemic, and that comes as monthly gdp and industrial as well as manufacturing data comes out as well for the full perspective. on wednesday the bank of japan weighs in, and they publish their monetary policy decision. on thursday, bear with me, we get the ecb rate decision as well, and he give

council and in the history of the european union that is an absolute record for a new budgetary instrument our step fasten has more now on that land mondale. it was a dramatic summit and it was the longest in the last 20 years and finally they came up with this quite complicated compromise before the summit started there was a huge part of grants 500000000000 euros of grants well that was something that especially the northern smaller countries didn't agree to didn't want to agree to sort of compromise is now that it's nearly half of the money is going to be grants and half will be loans and also through these grants there are going to be strict conditions that's also something that the frugal for the so called frugal for the countries in the north the netherlands sweden denmark and austria really insisted on they didn't want to give what they said free money so there are conditions on economic reforms but even also some political reforms and there's also this called so-called emergency brake so if a country is not doing these economic reforms then another country can insist that the money

germany's taking on the european council presidency at an important time we will show great respect and invest great passion into this challenge i believe in europe i am a fervent advocate to europe not just as a legacy from the past but as a harbinger of hope for the future europe is not some things passed down to us some sort of fate that is incumbent upon us europe is a living project that we can shape and change. europe does not restrict our room for maneuver in a globalized world europe gives us.

germany and france will together give support to european council president who has worked very diligently now we all need to work hard >> european commissioner said today's talks should be an opportunity to modernize the block's economy for the future >> the whole world is watching us whether europe is able to stand up united and overcome this corona crisis strongly with the budget and next generation eu, we have the chance to overcome and modernize our single market and union to bring forward the green deal and digitalization and there for today is of utmost importance. >> let's leave the developments there for now and give you an update in the u.s. the u.s. has reached a new milestone in the number of new cases. more than 77,000 cases were recorded in one day according to the latest tally nearly 1,000 lives lost in just 24 hours as florida, california and texas all reported their biggest one-day jumps as colorado became the latest state to issue a state-wide mask order amid the surge in new infections >> pretty notable development in the last 24 hours. russian hackers have attempted to

council president charlie shell offered a revised proposal for the package aimed at helping countries worst affected by the coronavirus pandemic german chancellor angela merkel is chairing a summit pessimism runs high among those most in need italian prime minister does that fit qantas says the talks are at a stalemate as wealthy northern european countries insist on a package consisting mainly of loans rather than grants tensions are also running high over who controls how countries spend the money. let's bring in our correspondent bob a visitor who is closely following the developments in brussels for us barbara even on day 2 of the summit member states remain at odds over the corona rescue package why are these negotiations so complicated. yeah the slovenian prime minister young so young michelle so he just put it really nicely yes' said this summit as so often the shows the the whole complexity of the differences within the european union the smallness and the greatness and the selfishness and the solidarity and in the end it all comes out to be a big test of perseverance couldn't

council president continued working on adjustment through the night they probably didn't get much sleep or baca what we heard from a german diplomatic source is that negotiations are at an important stays and that is actually worth continuing working because apparently there's a strong will to really find a solution here is what your leaders had to say yesterday after the meeting someone gets lost in summary one can say it is going quite well things are going in the right direction of course as you'd expect it's a tough struggle a tough negotiation with the movement in the right direction and that's the most important thing the speech text 7 of us if we're going through a series of stalemate there are many issues we are discussing. i'm inviting all leaders to converge towards a common aim 'd to approve the next generation you which is a plan for european recovery not just for the country's most affected by coronavirus but for all of europe. so the rain i guess they'd rather opposing views pretty much sum up the current situation of where we are in the negotiations. yeah there are still

council president michel offered a revised proposal for the package which would help countries worst affected by the coronavirus pandemic german chancellor angela merkel is chairing the summit as germany currently holds the rotating presidency and supports a generous financial response member states however are divided on how much of the 750000000000 euros earmarked for the recovery package should be given out as grants and how much as loans to be paid back. joined now by our correspondent in a straw she's in brussels marina a new proposal put forward this morning what we know about it. shelf plan is ready to break the deadlock been experiencing yesterday on the 1st day of the summit so as it looks like at the moment the overall sound of the recovery package won't change but the proposal is to reduce the amount of grants to convince the so-called frugal countries led by the know the lambs mark route michelle also wants to get them some other goodies to win them over for example rebates on the overall budget . so how likely is it that leaders are going to be able to reach an agreement

council discussed an e.u. wide recovery plan for the 1st time 2 weeks ago we agreed that this extraordinary situation requires extraordinary solutions to ensure that europe can emerge strongly from this extraordinary crisis there are still major differences in the positions of the member states and i'm there you see you know i'd like to achieve union as quickly as possible so the economic recovery can take place as quickly and sustainably as possible. is bizarre not to be what's particularly important to me is that the economic recovery benefits everyone and that it's not just about securing jobs wages and companies but that we also strengthen social cohesion in europe that include securing the opportunities for young people in europe and that is why in our presidency we will be pushing for an e.u. youth guarantee so that every young person has the opportunity to find a job. or we spoke with brussels correspondent bob or of a zal and also about the expectations they have for germany's e.u. presidency. brussels

germany has taken over as the rotating presidency of the european council for the next 6 months berlin will organize and preside over all european union meetings chancellor of the medical said her focus during the presidency would be on the coronavirus pandemic and europe's economic recovery. a flag raising ceremony in hong kong has marked the 23rd anniversary of the former british colonies return to chinese rule it was held just hours after a new national security legislation took effect the new law will punish crimes of secession subversion terrorism and collusion with foreign forces with up to life in prison. for the 1st time in history a reigning king in belgium has expressed regret for his country's brutal colonial rule and what is today the democratic republic of congo as that country marks 60 years of independence belgium's king believe knowledge of the racist legacy of belgium in the letter to the president of the d r c he expressed quote deepest regret for the harm done to millions of congo people by belgian colonizers. confined to the pages of history books but the memory of

taxpayer triggered this has some discussions, but there is now confirmation at the european council, and this has now been translated in a legal text and will be subject to negotiations between the european parliament and the european council, and they are confident that by the end of the day we will have a result which is acceptable for everybody, and in particular protects european taxpayer interest and guarantees the respect of rule of law. law,ine: on the rule of does europe have the tools to hold the countries that break it into account, or is this very nice on paper and nothing will be done? how can you hold countries into account that breach the rule of law? have a line in our seven, which can be activated in case there is a breach of values. now we are talking about something else. ,f it is about european money here article two will be activated in case there are deficiencies. somethingthis is which will not be -- will not this is reality because a potential tool to guarantee is -- this is my experience after more than 10 years as an instrument to guarantee the rule of law. a

council there is no forgiving and forgetting their. proposal in brussels thanks for your reporting and your insurance. has begun lifting coronavirus restrictions in the capital one a series more than 2000 people have died and president out that finance is warning that the battle against the virus is not get one businesses need a boost they are ready for the already fragile lodge and time economy may have been may has been battered by a 4 month lockdown. for homes this plan osiris restaurant has seen only staff no guests inside they offer their food to go the owners have been fighting to keep the restaurant in business with its 90 year history wholly n.d.s. as part of the landscape of the argentine capital but now it's struggling emotionally so we have thought about closing the place down but so far we've been able to make ends meet. then added. slowly the city is starting to reopen families are allowed to venture outside more often joggers can hit the road again and from wednesday small businesses can reopen assuming they have survived

council to be able to enforce the reforms in member states if they are not taking place against the broker of that particular member states. have agreed with european commission states like poland invicta all bans hungary they insisted that they haven't been boxed in and you have them try to make a connection between the rule of law and budget. was. heard was successfully rejected despite underlying problems that haven't gone away maclin macor say the e.u. works. after a very long session we have reached a good conclusion and i am very happy about that therefore. europe has shown that it is prepared to take new parts in what is a very special situation i believe that is necessary extraordinary events and in this case that's the pandemic that has reached us all demand extraordinary new methods what. the whole thing may have been close. the deal they reached will help all 27 e.u. nations just recovered i'm convinced that this plan this budget will respond to the health economic and social challenges we are all facing in our country stricken. it was a long fight 4 days of negotiations