that heat will tra nsfer iberian peninsula.tting up to 25 celsius. —— so on friday getting up to 25 celsius. —— so temperatures in london getting up. hello, i'm karin giannone, this is outside source. as usual, we'll bring you a round—up of all the biggest stories from around the world. in india, the supreme court has made a ruling on privacy that could affect the way people access benefits, bank accounts and payment of taxes. in the united states, donald trump is on the attack on twitter — taking aim at senior figures in his own party. prosecutors in denmark will bring murder charges against the inventor suspected of killing a swedish journalist on board his submarine. the in brazil, the government has abolished a vast national reserve

zone in history in so many ways and it begins with these great mariners who all come from the iberian peninsula, pain and portugal, prince henry, everyone would recognize christopher columbus, upper left the greatest of navigators, magelen. bortolomo, open it is route to africa in the and cane ocean, the mariners transit the atlantic and create a global economy. how do we think of it in the united states? we think of world war i and world war ii, are absolute determination to resupply the europeans in those two wars create transit zones, convoys, much warfare, two small hinges, these convoys are swinging big doors of the war. if we had not controlled the atlantic, we would not have succeeded in either of those wars. so that's the american view of the atlantic. today we are challenged in the atlantic by vladimir putin, resurgence of the russian navy and our problem is that we keep looking for the strategic terrain in the atlantic on this map and it's not there. the strategic terrain is right here. it's the mind of vladimir putin. he is rebuilding the russian navy. this is a brand-new russian fre

well, we don't just have the heat baking portions of italy also across the iberian peninsula, one of hottest temperatures, corcordoba. we have seen the heat continue for the next three to four days will continue until the middle of the work week that's spreading across the mediterranean and into sections of eastern europe. this ridge of high pressure is going to be very slow to break down, so that jet stream is going to rise a little bit bit more towards the north. that's where the cooler temperatures are expected over the next several days and also will produce maybe a few thunderstorms rumbling around places in northern sections of europe. but the heat is on. so if you are a visitor there, prepare for that. take a look at this as well. in madrid, upper 30s for the next several days. the also, the average high temperature around 32 degrees in this region. but not until friday do we expect those temperatures to drop substantially down. into the upper 20s. and as i mentioned for rome, it is going to be baking hot there. they have seen such a terrible fire season. but do we impair this

and what happens is that only in the late, instructed in 1970 but with the change in the iberian peninsula. when everybody thinks this is going to be so easy. look at what happened in portugal and spain overnight. it is not open and cordial and spend it is a very long process. now, what occurs then is that you need the equivalent of this and in the book i try and lay out a series of differences between the democratic transition cloud and what you should look for. it is not a mystery. if you had known about germany, they are no better than japan, it looked at germany he would have said the ingredients are here. for germany to be a democracy. it is not a matter of the german government, is a matter of the german people having the ability to make this transformation. to compare as these people did it is just unbelievable to see it. germany with afghanistan? germany with iraq? i have a whole list in the book of the differences between the two. and how one - if you want to wage a war, i am not a pacifist i am for waging war against afghanistan to get rid of al qaeda. not naming democracy just t

there is, possibly greece, i would include as a problem child, but the iberian peninsula seems to beproved. the fastest growth has been driven by credit impulse. it is the rate of change of bank lending that really drives so much of the growth story. europe has been surprisingly good year after year because of credit impulse. china has been the flip side. we are seeing that fade a little bit. anna: what about the strength in the euro? is that something that comes to nip the growth story in the bud? tim: i don't think so. there is less sensitivity to currencies than in the past. models don't seem to be working. we have lower unemployment, slightly higher growth, and lower in nation. many people have been reporting saying, our quite -- our models aren't quite working. anna: thank you very much. tim haywood stays with us, as does michael bell. up next, softer inflation, harder battle lines. we discussed the outlook for rates and the balance sheet. this is bloomberg. ♪ anna: welcome back to "bloomberg surveillance." i'm anna edwards. let's get the bloomberg business flash. sebastian: akz