mr. juncker. let's take a listen. >> all those having campaigned for the relief, they are telling us we need some time. i thought if you want to leave, you have a plan. you have a project. you have a global picture. they don't have it, but i hope that the notification by the next british government will arrive as soon as possible. >> i also want to pick up on a comment from the prench president francois hollande. he says the city which thinks the eu was able to handle clearing operations will not be able to do them. it can serve as an example for those who seek the end of europe. it can be a lesson. still stern rhetoric as to how tough this negotiation might be when it starts. let's talk about that and what we learned yesterday. i'm joined now by tara. she's from political europe. joins us now to discuss a little bit more about what we learned yesterday. thanks very much for joining us again today. do you think they're going to use this as a moment to reform, a wakeup call in europe. >> right now

mr. juncker much less involved.nk what we are already seeing in terms of a core group gathering to negotiate with britain is, it is going to be led at the country level not the federal level so whether the germans like it or not they are going to become a more powerful force in europe. for you and i could go hours. i would suggest this idea of euro federalism is maybe july's theme. francine: or even after that because i do not know whether it is conspiracy theories or wishful thinking that we could have a second referendum, whether this country can somehow go back on its word. even if you have 17 million people saying they want to extract themselves from the eu. if they want to become even more united in the next months, that means there is no chance of renegotiating with the u.k. because we know they do not want that. it is difficult a new how you would have referendum. it was 52-48. i think with the scottish independence referendum, i think these are long return questions. i do not think we will see another vote a

mr. juncker, you told members of the european parliament you didn't think they'd done a proper day's work in their lives. we've got incredibly tough negotiations for the uk to carry out coming up, is it the right time to be antagonizing european leaders. >> far for me to be antagonistic, they've been abusing and screaming, twice the parliament had to halt proceedings. it was when i said let's just be grown-up about this, be practical, you sell us more than we sell you, it makes no sense, no sense at all for us not to have a tariff free deal. and what i was trying to make that serious point they kept on booing. though i did remind them most of them have never created a job in their lives. >> you do say rightly that there's a big trade deficit, but if you look from a sector basis on the financial services industry it's quite the opposite. massive surplus. bank shares have been slammed in recent days. do you think london is a financial center is now threatened? and the banks share prices falling very sharply, do you feel responsible for that? >> i've felt london is threatened financially for

mr. juncker struck a more critical note. >> i thought that if you want to leave, you have a plan. you have a project. you have a global picture. they don't have it. >> reporter: now, as i said, the other 27 members are continuing their meeting. they did however say a formal brexit meeting will take place in september once the new prime minister is in place. it's a sign of the extraordinary divisions and turmoil in uk politics in the moment that as david cameron went home early this morning, another uk politician arrived in brussels. taking meetings in the building just across the road of the european parliament to see what sort of special deal she could get out while scotland overwellingly voted to remain. she will also take a meeting with mr. yunger today. >> all right. we'll see you again, i'm sure. thank you. let's get back now to your markets. stocks could look to add to yesterday's gains. now yesterday we jumped 270 pounts in the dow. we had buying into the close. that's usually a good sign for the next day. that's what we've got now. indicating a gain of 100 points at the ho

president clinton and president juncker were able to that president -- president putin and juncker were able to meet. mrdvorkovich: our economy is stable already. we believe that sanctions are counterproductive for everyone, not for us, but for europe as well, the net estate, and other countries. the sooner sections will be revoked, the better the world is going to be. ryan: we're for the central banks say -- the russian central get to positive growth by the end of the year, you're looking at 1.5% next year. my question for you is can russia get beyond 2% as long as those sanctions are in place, or is that is good as it gets? mr. dvorkovich: most of the sanctions,nds not on oil prices, but our own ability to promote growth, structural reforms, better business environs, better science and education -- things like that. sections only have a minor affect on that. oil prices have a temporary effect, not a long-term effect. achieve 3% to to 4% growth in the medium-term perspective. ryan: even with sanctions. mr. dvorkovich: even with sanctions. ryan: we heard nicolas sarkozy say russia should come as a gestu

mr. moore, why would europe agree to that? forget about juncker. why would. paired off -- bnp paribas?e people in london as well but it is a fair question that has been asked many times on why with the eu politicians allow the u.k., some have said in the past if you want passporting you are going to have to have flea -- free movement of labor. certainly they are at odds that the bankers did not want brexit to begin with. now that it looks like it is going to happen they want some form of passporting preserved. heard from howard davies earlier and he said he would go to the eu and say this is something the u.k. needs to keep. it is benefiting the whole region. to new york and singapore and that is something the eu probably does not want. tom: how do you think the responsiveness will be? why should they play nice to the british banks? brad: it is simple. or you want to sell your bmws in the united kingdom? from the point of view from the british economy, the financial sector is very important. tom: bring up the export chart. exports to the's united kingdom and germany imports. that is no