Up 3 no plan to say no need go back to work and to invest billions of euros to restart our economy which you think it can and the best Case Scenario the deescalation stage of transition to this new no modesty will last a minimum of approximately 6 weeks. The americans are looking forward to the safe and rapid reopening of our country and i know people are feeling emotional. Emotions cute drew to reopen the troops right. Also coming up at the pandemic in germany face masks are now mandatory Summer Vacation looks on likely and the chance of being tested for the virus its very likely. If you lose they will introduce more regular testing in cafe homes including for asymptomatic patients but also changing some of the rules for tests to get a better overview of the epidemic. And to our viewers on p. B. S. In the United States and all around the world a welcome we begin the day with a restless world eager to escape the coronavirus lockdown much of the planet has been in a selfinduced economic coma for 2 months now its known as social distancing restrictions on travel working from home the tools at our disposal to keep a deadly virus at arms length but it has come with a hefty price that can be measured in goods and Services Today the United States reported its biggest economic shrinkage in a decade g. D. P. In the 1st quarter shrank by almost 5 percent now thats on par with the financial crisis of 2008 and forecast for the u. S. And Global Economy for the remainder of this year well they are bleak and this explains the loud calls from tampa to tell of eve to end the economic shutdown despite there being no treatment and no vaccine against the coronavirus i say tell of the because israel is a perfect example of the tug of war in society one side says its too early to lift any lock down the other side says do it before its too late. So there are no customers but i slung keeps the place ready for guests and how 6 weeks ago she had to close the pam least restaurant in the kibbutz just outside of jerusalem because of the corbett 19 pandemic so she supports the overall handling of the Health Crisis by the government there has been enough to yahoo but shes extremely worried about her familys life you would. Be. Clear that this after a month and a half of lockdown we are still completely closed except for deliveries and take away. But that is just a drop in the ocean. Independent business is a very much on edge not knowing if we are going to survive. That of all that every morning daniela and her husband prepare pizza to take away why this ready government is taking steps to reopen the economy and allow some businesses to start operating again the us lance can see a clear path out of this crisis that many other israelis there is no exit strategy that is being presented to the public ok no one here say ok if we going to be under you know 200 real. People who are infected were going to open up these and that and yeah the way were going to close these and how about the court what the what if you know what what is the program what is it what what if here what if their work flow the kimono virus pandemic came the midst of deep political crisis in israel 3 elections within a year proved inconclusive only last week Benyamin Netanyahu signed a Coalition Agreement with this former dr that the new guns to form a National Emergency government with netanyahu as Prime Minister. Is very long serving Prime Minister has been credited with quickly imposing strict measures like travel restrictions and defacto closing israels borders at the beginning of the crisis. But now the public debate has shifted to the Economic Impact of the knock down a Clearance Sale at a small neighborhood shop in tel aviv closing down because of virus it says on its window and employment has risen from 4 to over 25 percent. I dont think. Theyre clear about where theyre going it seems like theyre doing everything. Very spontaneously and without a lot of stuff behind it and that that they are shocked that markets in my opinion the government is stressing aside to bit too much. They could give a small freedom because people are keeping to the restriction and the same principle in my lungs but. In many other countries these are troubling times than is around in the long term politicians here will be measured by their response to both the house and Economic Issues surrounding the never has. Israel in the pandemic to talk about that im joined tonight by giora eiland a retired Major General of the Israel Defense forces and former head of Israels National SecurityCouncil General island its good to have you on the program let me get your take on this did it take a virus and a pandemic to make a new government possible in israel. To a certain extent the answer is this or it is it is the excuse that is presented by both of these buzz about is that i can stand this Coalition Government although so far they said almost nothing about the crisis and i dont think a bit of this is the main reason or i dont think that they can be helpful but we need to reach such earnest in the nation and then lo and the the word of probably only 2 options number one is to go to another election full time to heal and the other one was to fold this Coalition Government and probably this 2nd option was. A little better than the other but this is not the inquisition this is a marriage that there is no love and no trust between both sides and im not sure that theyre capable to Work Together in no the fix something to be there to be fixed in israel due to the damage the latter is close but this isnt a good question and formally didnt know the Coalition Government is not in phone there are still some discussions about. The wait to see whether it is the final decision of no white general arlan that you have doubts that this Coalition Government will last do you think its dead on arrival. Most people dont believe that it will last a plea ears as as agreed because the conflict to be able son and the lack of trust theyre very very opposite interest line bring a crisis. We will see which crisis exactly will be the one that will. Close to the collapse of this league of them and about many people and of the domestic about and as i said even if they got a little begins to go. The complexity of that it would be the lead in. My creative completes the nation because no decision can be made because each side is. So careful of and so suspicious in that it got to the intent of the other side of the children that it wouldnt be able even to leave it open as something that would say that my quote of the people is live and a bottle of it is that is one thing that is clear like no is going to be the biggest government in this there is a 36 minutes which is lowest dubber the. Nice is only to satisfy some kind of political interest and of course most of the people in it is a lot of food it is because everybody understands that were going to suffer from a bit of the. Economy crisis because of the goal of the virus and theyve gotten that behaves as if they leave in a different world well what world are they living in general i remember when we were looking at these 3 election campaigns we always heard guns say that he would never serve he would never rule or govern when an indicted Prime MinisterBenjamin Netanyahu and yet that is exactly what he has agreed to do now that doesnt sound like a strong glue holding any type of government together. I tend to agree with the way that you put it and it is not only that they have specific does a lot of claims against it and l. The name claim of guns bobbie is the. Only other little reason to leave in a period of go for complete corruption and if they continue to work with me even in a way that gives legitimacy to something that was the main for leg they used to it is until 23 weeks ago so not many people trust the really on this by saying the time is done to Work Together because of the goal of others especially when the leaders of this. Gods and his other colleagues never said anything above 0 never said any idea or he even the laughter to take. The supposed ability of the ministry of. The true that any of the sides here is really is a sin seated in a zillion tent ok and as i said we are going to do to face a period that we never had it about just what a lot about the economy we are going to face probably decrease of about 6 percent of the loss of the g. D. P. And minus the negative blows for the 1st time of the state of easily that we had this is something that the consequences im going to be so severe and im not sure that this government will be able to cope with such a very severe and challenging needs you know that is definitely a dire prediction that youre making there general ireland we appreciate your time and your insights tonight thank you very much. My pleasure. The economic costs of the pandemic are similar to the virus in that they dont recognize National Borders germanys economy is the biggest in europe its expected to shrink this year by more than 6 percent now that would be the biggest slump in europes biggest economy since Record Keeping began back in 1970 and it gets worse the German Economy minister nothing but do you mean clean to offer on wednesday the global knock down because the coronavirus pandemic has left a trail of destruction german exports are predicted to slump by 11 and a half percent this year. The richest in the option does the German Economy has been struck hard both internationally and domestically because its good enough for now says we believe that this year the German Economy will shrink by 6. 3 percent but i will send its own 6. 7. The aim now is to preserve the very fabric of the German Economy requiring billions of euros of investment from government coffers he sat among the proposals on the table our premium on new car purchases. While easing lockdown restrictions will help restart the economy there is no quick fix. Given that even as we will see a gradual relaxation of restrictions we hope that the days that we receive in coming days will permit us to do this but even so we will not be able to revive the entire economy at once. People get to the shop and i didnt. Couldnt expats think the crisis will bottom out in the 2nd quarter and then things should start to pick up but the economy minister says it will be 2020 before we see germanys economy functioning at preclear and of irish levels again. All right lets pull an urn call your to help us unpack the ugly packages or when is an economist an economics professor here in berlin and a familiar face here on the day when we talk about the german european and u. S. Economies or when its good to have you back on the program germanys economics minister saying that germany will not be hit as hard as others such as the u. S. But today one of the countrys Top Economists said that to suggest that germanys economy will recover next year would be Wishful Thinking so take the political window dressing out of the picture force where is germany headed. Germany unlike the us is looking at a 2026 to 7 percent drop in the rate at which woods and services are being produced. Right now looking at i. M. F. Forecasts germany is expected to drop 7 percent the United States about 6 percent this is theres enough uncertainty here this is not a race to the bottom that anyone wants to win i can tell you that theres no easy way around it we have the. Epic dini a logical curve that we want to flatten but when we flatten it means necessarily fattening the recession curve by shutting down output by locking down i think one of the things well see germany probably has been better at locking down then the United States germany might even be better at locking down longer than the United States and i think that will be the tale of where g. D. P. Is going to be going but this coming quarter is going to be a real hard one for both economies were going to just pick up on germany being and exporting nation or when it doesnt that make germany particularly vulnerable to external shocks that could come from say the United States or of china. Sure. Germany is much more open to the rest of the world. I. M. F. Predictions of a global recession on the order of 3 percent you can think of that as the advanced economies. Going down about 6 percent china and a lot of other economies going up on average. 0 so thats about a 3 percent fall. In the world demand for goods and trading theres protectionism thats everywhere so germany is really vulnerable on that front but the United States has plenty of problems as well. Theres not as good a safety net for instance and having the social safety net as good as the german social safety net is will help consumption spending. Smooth consumption spending and i hate to imagine what the u. S. G. D. P. Figures will be once the 2nd quarter is factored in you know we said at the beginning of the program theres a possibility of going from a Great Recession to a possible Great Depression 2. 0 do you agree that the risk is that great. It will you know history rhymes it doesnt repeat itself its going to be a drop serious analysts are looking at a 30 percent drop. This is at an annual rate you want to think of it like going on a trip you can go 60 miles an hour for 15 minutes and then drop to 30 miles an hour and your average is going to be between 60 and 3rd so this 2nd quarter were talking Something Like a 30 percent drop in output weve just had a 5 percent drop in output for instance in the United States. You know if were lucky well have basically 0 growth for the what 2nd half of the year and so thats what puts is around 8 percent 7 percent down for the year on average what it really is a the celebration. For this for this Current Quarter ok let me turn our thinking on its head for just a moment what would it be possible to use the pandemic and the economic shock as a catalyst for making the Global Economy fit for the 21st century im thinking of you know dealing with automation Artificial Intelligence the massive disruptions to Business Models i mean is is this not may be an opportunity and not just a play. I think a better way to think of it is you learn from failure if youre at all sentient human being and some things were going to see i think a lot more what was outsourced we discovered vulnerabilities in supply chains that we were really taking for granted. That sort of structural change we can certainly expect where we actually do a good job harmonizing our policies both on the health front as well as on the economic front this is a test that we are still going through if we fail either or both of those tests im very pessimistic about the possibilities going down for lets say things Like International border nation for Climate Change multilateral negotiations will become more difficult after 8 major failure. For which the United States plays takes a lot of the. Hope that you know that possibility does not become reality during call your joining us tonight here in berlin excellent analysis when we appreciate it thank you glad to be there. Was a day of Germanys Health minister warned that the country faces a wong hole before the coronavirus pandemic will be over yet and says that the government plans to buy more flu vaccines as a result to avoid extra pressure on the Health Care System later this year. The latest figures from the whole bad cop institute provided the clearest picture yet as to how the epidemic has developed in germany the calculations show when and how many people became infected and when key steps were taken to slow the virus spread the ban on public gatherings took a while to make a noticeable difference the closing of schools brought infections down considerably german Health Minister un sponsored as the number of registered acute infections in germany has been falling for over 2 weeks and is currently at 37000 but regional differences remain so the government announced that testing will be stepped up even further from nearly half a 1000000 tests last week. Refillable news that he will introduce more regular testing in care homes including for 8 symptomatic patients were also changing some of the rules for tests to get a better overview of the epidemic and were introducing compulsory reporting of negative test results. To return to. Work on an antique over 1000 vaccine in germany has meanwhile taken a step forward minds based Company Biotech says the 1st group of 12 participants had received a trial vaccine on wednesday. But with the progress of infection still unpredictable across europe Germanys Foreign Ministry has decided to extend its Global Travel ban until mid june foreign ministe