the populists have failed to shake europe, but europe has not stopped getting sicker. think that is what merkel and macron probably are really worried about. dan: to be clear here, geert wilders ran on part of his platform that he would get the netherlands out of the e.u. it would have been the next domino to fall in the european project. i want to talk about a couple of leaders in these countries. the new leader in germany posing the biggest threat to merkel is schulz, the leader of the socialists, the left of center party in germany. he was president of the european union. he has been a product of brussels for a couple of decades. walter, how does he become the challenge to the pro-e.u. merkel-led status quo? >> first of all, in germany, the e.u. is much more popular than it is in a lot of the rest of europe and so is the euro. the euro has worked extremely well for germany in that germany has a big export surplus. if it had its own currency, the mark would go skyhigh and it would be much harder for germany to export. as it is, germany has a huge export surplus. the

you would say europe is a mass, -- you would say europe is a mess.ryone around this table agrees, there is not an easy way out of this. does this matter to u.s. policymakers? should it? >> in my view, it should. the lesson 70 years ago was that if europe has a bad day sooner or later the united states will too. war and mass unrest in europe is not something united states can ignore for entirely selfish reasons. we need an ounce of prevention. the u.s. needs to work hard with our europeans to help assist and think through some kind of way to a genuine european future and at the same time, the situation in the middle east has become -- if you would have said in 2009 when obama leaves office eight years after taking it over from george w. bush the middle east is going to be a more hideous mess than under bush everybody would say you are a terrible racist. how can you possibly say that about our great enlightened president obama? i'm not saying everything that happened was obama's fault. there are a lot of processes there that are unraveling. some of the

europe split. europe would be more hostile towards the united states. definitely not in the interest of the united states. host: okay. former nato second general anders fogh rasmussen. usnk you so much for joining today. guest: thank you. great pleasure. host: and coming up, we will be alking to environment and energy reporter zach coleman. he's here to discuss the trump to undo ation efforts obama e ra climate policies. we'll talk to oreign affairs contributor tom nickols on the issue of how americans have are lost faith in could be a why this problem moving forward. we'll be right back. anouncer: this weekend, c-span's city tour with the help of our will t cable partners ecplore the literary scene and chico, california. the author tells us about the chico on his book california." and 1841-1900. >> the most important and long lasting relationship with the ederal starting in his days with congress was his close relationship with the united states department of agriculture. constantly corresponding

you say europe is a mess. everyone and this table agrees that there aren't any easy ways out of this. does this matter to u.s. policy makers? should it? >> in my view it should. and here's-- the lesson we picked up 70 years ago was that if europe has a bad day, sooner or later the united states will too. that war and mass unrest and destruction in europe is not something the united states can ignore, foreign tirely selfish reasons. if you get right down to it. so you need, and an ounce of prevention is worth a pound of cure. i would say the u.s. needs to work hard with our-- be much more deeply engaged with europeans to help assist and think through some kind of way to a genuine european future, and at the same time, you know, the situation in the middle east has become, i mean you know, if you had said in 2009 that when obama leaves office eight years after taking it over from george w. bush the middle east is going to be a much more hideous mess than it was under bush, everybody would say you're a terrible r

banks compared to europe. how far behind in europe? >> i think for the market overall we're obviously behind as the political risk appears to be hanging over europe. i think somewhat ironically the more people think trump is the embodiment through populism of the new economic model more probably get a reaction again populism in europe. so probably the political fears with the forthcoming french elections and dutch and german later in the year possibly could be overdone. europe chief, a cyclical rally in the economy occurring. i think it's reasonably well placed. >> how much of an inflation spike should i be anticipating? i was reading about inflation expectations of 4% in the uk to come here during course of this year. that's quite a difference from where we were a minute ago? >> i think a lot of base effect going on here. i think if you look at wages, commodity prices, they are no longer making the advances there were a few months ago. in fact cry commodity index is down over three months. i think a lot of this is base affect with no

europe?sus is buy i amloomberg daybreak," jonathan ferro with the david westin and alix steel. the official brexit process begins. theresa may signed article 50 and handed it over to president donald tusk. donald tusk approaching the podium in brussels in europe. let's take a listen to the eu president and what he will say back to the letter from prime minister may. donald tusk: and formally starting negotiations of the united kingdom's withdrawal from the european union. there is no reason to pretend that this is a happy day. europeans most including half of the british voters wish we would stay together and not drift apart. as for me, i will not pretend this is a happy time today. , there is something positive in a brexit. community made us the more determined and more united than before. i am truly confident of this, especially after the declaration and today i can say we will remain determined and united also during the difficult negotiations ahead. that i in the time toon have a strong p

the achievement of a more united europe, including eastern europe and western europe, is one of the most monumental achievements of my lifetime. i wouldn't say it's under threat, but it is facing numerous challenges from russia, from the greek debt crisis, from immigration, from brexit, and from the president elect of united states. all the things conspired to make europe more interesting. let's put it this way. the period, the reagan administration, was pivotal in the evolution of europe. even those areas where nothing much seems to happen, such as eastern europe after the crushing of solidarity and up until 1989 there was a lot going on the need the surface. eastern europe was becoming prerevolutionary. it took a sparked to ignite this revolutionary tender. western europe was more obvious. it was a period when decisions were made about a common europe, a single european currency, single european market. ultimately towards political union that were historic. it was a period of some divergence between europe and the superpowers because u.s.-soviet detente went into freefall in the early

citizens in europe. things that will be tricky and problematic and perhaps not a particularly voter appealing background that theresa may has to get through before she discusses the goodies that she wants which is the unprecedented trade deal she is seeking encompassing financial services. she has to do the hard work first and then negotiate the upside for the brexit. she is still pushing for those talks to be in tandem. francine: how did yesterday go? the tension out of that at some point, the smoothness will grow? a dose of realism has come back into the markets. selloff a little bit. a dose of realism -- this is going to be really difficult. there are no easy wins or solutions. and we will be faced with quite a bit of uncertainty. and it means that foreign investors will be cautious basing long-term investments into the u.k. before they know about their relationship to europe. brexitt's go to the barometer. this was invented by simon kennedy. we go back to 2000 and the idea of the average good of the

is between important europe and the u.s.clearly helps us be explosive them and crating more diversity. as long as we see this movements, also price and the equity markets. as you said, the big months were brexit and the trump election. coming up.e big ones we have the dutch election next week. the french election in april and may. is there money to be made? >> there's always money to be made. we want to see good movement in the market. what is challenging for us is if we have a range and on direction, i think we are particularly excited about france. and, the concept of europe as it is. we know what is going on. a lot of people have lost their confidence as it is. -- how then them election goes, i think we can see interesting dynamic spirit equities have recovered a lot after the u.s. election. it is not cheap by any means. obviously there is the potential for correction. mark: great to talk to you. carlson shorter there. up ahead, the u.s. payroll. which president has credited most jobs? stay tuned. this is the number. carl

only a united europe can be a sovereign europe. in relation to the rest of the world. and only a sovereign europe guaranteed independence for its nations, guarantees freedom for citizens. and on this anniversary, there were marches around europe today by eu supporters. this was in london. more than 20,000 estimated to have taken part. and in rome, the gatherings were small. what worries eu leaders is that, in the wake of brexit, it's their opponents, eurosceptic nationalist forces, that are energised right now. with this summit, eu leaders are trying to find a new impetus for their project, to confront brexit and the other challenges they face. the problem they have: how to rekindle enthusiasm for the eu across europe. damian grammaticas, bbc news, rome. that's it for now. i will be back for the later this is bbc news. ukip‘s only mp douglas carswell stands down from the party to become an independent, saying he's achieved his main objective with the party. we can be absolutely certain brexit is in good hands. all the things we campaign for will come to pass. it's wond

and europe.he risk of protectionism and that talk to me from the trump administration is a big issue for prime minister shinzo abe. we should see some further developments. we will have mike pence coming to tokyo and he will talk to the deputy prime minister about the economic relationship and we might see more developments there in terms of the trade relationship between two nations. that i want to i doubt japanese exports have not always been soaring, they broke through in december. i have a chart here, you can see it yourself on the bling -- chart.rg to access this we have been in negative territory for all of 2016, it was recently it came back. how important are exports for the overall economic picture for japan and four of a -- for abe? brett: they're very important. we look weak consumer spending and poor wage gains. businesses are not looking to invest in domestic production for japan. when we look at growth we're looking at the export markets so japan needs the experts to continue running

of europe. so we really rely as parts of the region on firm american leadership. and support. >> i heard in several visits by my colleagues and a visit i took last august about the importance of strengthening our investment in countering russia, sputnik and other propaganda outlet, the broadcasting from latvia, both for voice of america for you'eu and libber fip y and liberty. yes, my vision is not very great. that's tiny print. and how we might strengthen and expand our mission in propaganda operations that would be more effe effective. >> to give short times to probably we are less concerned in latvia about russia today, because russia today is, programs of russia today are broadcast broadcasted in english while russia has all of the opportunities to broker in russian, their major tv channels and the democratic country is not putting any barriers to free speech. to free broadcasting. at the same time we are aware about content of these programs and what is essential is to give alternative to r

a weaker euro does not benefit europe.t expect the trump administration to get any traction with this issue? marilyn: we do not expect to see much in terms of changing policy as aance and the euro currency inflator, because that is not what they are doing. i think a lot of it is more rhetoric. guy: with the domestic focus rather than anything else? marilyn: and they clearly are concerned about the value of the euro, but you could say that about a number of different currencies. the u.s. does not want to continue to stimulate growth. it wants to export more and produce more. a weaker dollar will help more. we could focus more largely. matt: the u.s. administration does have david malpass advising donald trump. he has always been a supporter of a stronger currency. do you think the administration will be able to deal with that, a stronger dollar? or would they push back against it? marilyn: again, on the stronger dollar point, it is very hard to see, because we have heard very confusing communication and rhetoric. on one han

he said, do not do this because you have more europe -- influence in europe and in the councils of europend then you will independently. the think that is true, view you get from the american side at the moment. economically they love the idea of london as a base. every big american bank, they want to stay in london and have a passport to operate throughout europe. that was the brilliant thing about london. you hear this from diplomats and politicians. it was very convenient for america to have britain as an interlocutor into europe. mr. trump has not gotten off to a good start with about one. having to restructure the west in the way america likes to have it, that is difficult. all this talk about the special relationship, they failed to interpret what europeans thought in a way americans understood. talk aboutt's security, the sharing of security from intelligence agencies. will this be affected? >> we do not know yet, that is part of what will be under discussion. i am guessing that when it comes to the sharing of intel on terrorism and what is going on in the middle east we have made

how do you look at europe? there is this potential renaissance in europe, isn't there?anifested in those numbers. is improving. more joint ventures to come. >> i think the auto industry has had far too much capacity in the past and gm has not been able to get opel profitable for over a decade. it has been this long running saga. i think the deal has made sense and peugeot has done better recently and they will be able to release some synergies and close some factories. this is political stuff. we have the french election coming up soon and we have to be careful of what the impact could be on the politics if we get announcements around jump savings is this is exactly what the election is about, the response to globalization and mass job losses and stagnating wages. longer-term, the european story is improving. we are getting lower on unemployment, better growth, getting some inflation coming through. if we get through the french election, this could be quite an incredible turnaround, and opportunities like the deutsche bank news, they make for interesting entry points in

europe split. europe would be more hostile towards the united states. definitely not in the interest of the united states. host: okay. former nato second general anders hillaryremarks from clinton at georgetown university today. this will be mrs. clinton's first speech in washington since the presidential election. this is live coverage on c-span. >> 8, 10, 12 month 14.

on the actual quantity, the proportion, britain is less important to europe than europe is to britain side of this debate over the next two years once this notion of a battle of a sense of conflict —— wants this notion. whether it is over tariff barriers or nontariff barriers, rules and regulations. both sides want to start on a good footing. if we were to approach it like this text question came in, i think that would sooi'i question came in, i think that would soon disperse and that would be a real problem for both sides. just to jump real problem for both sides. just to jump in, i think there is a technical point to be made about how parrots work in the world. there are rules that have been set out that we have all signed up to about how ta riffs have all signed up to about how tariffs work precisely deliver this kind of trade war. the world trade organisation says that if you have a 10% tariff on cars like the eu does come eu charged that 10% tariff on ca i’s come eu charged that 10% tariff on cars from all over the world — from india it is 10%, from russia it is &, you treat ever

peter: is he a dangerous man for europe? alan: no, the real danger for europe now is in france.arine le pen. there is a danger lurking on the sidelines in italy where the far it -- where the five-star movement could come in. gasquet even if he had the biggest party, he would not be the prime minister at the point of the populist movement is that "we are the people of they will not let us govern because they are scared. that is one thing that the netherlands has proved. wilders is not the people, not even 20%. that is good. and now, we have to look at the other bits of europe and proof there that they are part of the people but not "the people." rieke: that was part of the thisf that we saw after election. everyone was eagerly watching the netherlands saying this would be the start of the populist spring and then we move on to france and germany. i think that is part of the relief. we saw that he is not the people as you rightly put it and it is the same kind of relief we felt after austria. everyone feared after donald that and brexit, that would be the beginning of populism spr

but will europe allow it?to happen — they want the divorce first, then a deal — will theyjust go around in circles? that's a question we'll be asking when 100 days returns shortly, from bbc news. hello. the wind is coming more from the south which drags up warm air but to achieve high temperatures we need sunshine and there was not a great deal of that today filled up the cloud still big enough to get outbreaks of rain especially across northern and western parts of the uk. damian across scotland, heavy for a time uk. damian across scotland, heavy fora time and uk. damian across scotland, heavy for a time and flirting with the south—east of england and up to the midlands. but a lot of cloud over night, really mild but the time of year. a little bit colder across northern scotland, and during the day it will be warmer in the north—east of scotland than it has been for some time. some rain is not far away from northern ireland, affecting mainly used in part through the day. continue on into cumbria and up into d

i don't think europe is a dead body.pe has lost its way in recent years. at least there is now a pause for a new way forward. but to actually get anywhere, everyone has to agree on the best route. they are hoping to do that by the end of this year but that jean—claude juncker has already discussed his plan with the german chancellor and spain's prime minister, but some eurosceptics don't like any of the alternatives on offer. i feel like many other citizens, completely betrayed. these options are just one option with different degrees. let's exclude the first one. the first one is to keep everything like it is and in fact we are seeing that it is not working. the second one is to focus on the market, but the commission says we don't want that option. the other three are three different degrees of integration, but the point is integration for what? and to do what? is this the way to actually get people to love europe again? i think that there needs to be a bottom up european movement. we as pro—europeans need to go to the

now on bbc news: europe — scotland's dilemma.llan little travels to moray, the part of the nation which came closest to voting leave, to find out what the decision could mean for workers and business owners. scotland's streets are full of tributes to those who have helped shape the country and wider europe. thinkers, poets, warriors. but now scotland is torn between two identities, its british self and its european one. scotland can now no longer belong to both. this dilemma is brewing into an acute constitutional crisis. what effect will leaving the eu have on those whose livelihoods have been shaped by european membership for decades? what we do need to know and know fast is where our future workforce is going to come from. and how will scotland cope as britain leaves the single market? 80% of all the food we sell out of scotland goes to europe. europe is the ball game for our export right now. scotland did not choose this. it rejected brexit, but brexit is being thrust upon it. what would that do for the 300—year—old union bet

most of them actually want to get out of europe.ething i learned when i was an snp candidate. i hadn't appreciated it untilfour years ago. why do so many people here want to leave the british and european union? the snp supporters in this area are really staunch ones. they are passionate. the bottom line is that they really want independence. they are fiercely independent. a few miles to the east, the river spey empties into the sea. the river feeds two of the country's biggest industries, whisky and tourism. the mainstream currents of scottish public opinion contain many unexpected eddies. moray is happy to send mps from the snp to westminster and holyrood, but in 2014 voted no to independence. a substantial minority who voted yes to independence went on to vote to leave the european union. a second independence referendum offering independence in europe would present that group, those who wanted independence for scotland, but to leave the eu, with a new dilemma and a new choice. which union do you want to leave more, the british o

in europe, very small movements. to wall street, with similar and hussein. on tuesday the latest trade figures the january will be released. it will show that the us trade deficit got better, to $48.5 billion, up from m43 billion backin $48.5 billion, up from m43 billion back in december. trade was a big pa rt back in december. trade was a big part of tres —— president trump's election campaign, and these latest figures will be looked at very closely by his economic team. also on tuesday, the us federal reserve is expected to report consumer credit figures for the month of january. consumer credit is debt taken on by individuals who intend to spend the money right away, so things like credit cards or car loa ns. things like credit cards or car loans. consumer credit figures are expected to have gone up to 17 point $10 billion, upfrom expected to have gone up to 17 point $10 billion, up from $14.16 billion in december. lots of economic data is coming out of the states. let's bear that in is coming out of the states. l

europe and u.s.hould join the efforts to help ukraine, georgia and moldova counter threat of nature tha that of the mix of various elements including information warfare. latvia has been active in providing the support to the eastern partners to counter propaganda strengthen independent media. i would like to mention two examples of a very practical approach in support. first, media excellence. recently completed a study on skills and training needs to independent media in the eastern partnership countries. certainly latvia is interest in the success of the creative content support fund that is being established with support of european endowment for democracy and the british government. this fund will strengthen the capacity of independent media to offer russian language audiences a strong alternative to kremlin controlled media. we encourage at the u.s. consider supporting this important initiative. during the pivotal times of history, the alliance has always proven to be effective, credible and un

7 europe, then who would fill the vacant posts? there certainly isn't an abundance of labour here in settle. the jobless rate an abundance of labour here in settle. thejobless rate is currently around 3% and according to the government, that means this area has full employment. the prospect of eu workers losing their right to remain isa eu workers losing their right to remain is a worry for the manager at annie hall. she wants to keep her current migrant workforce and recruit more staff from europe. we don't know what is going to happen, we can't plan, we are in a very rude role location —— in a very rural location and it has been historically difficult to recruit and without the staff from eastern europe, it will be difficult to function. it all seemed very clear on the morning ofjune 2a last year, perhaps less so now and the talks that will determine their future are just beginning. correspondence around the uk have

what could europe have done better and will article 50 change europe? >> it is an extraordinary day. we are entering and we have to understand that somehow uncharted waters. thinkk europe needs to about this event and consider ofengthening and completion europe. i think this is what is needed at this state. to allow citizens also to way toand what is the get out of this difficult situation. francine: minister, portugal has gone through a three-year bailout program. there are still concerns about nonperforming loans and other issues. do you worry that brexit will weaken portugal if the eurozone gets weakened? , we cannotlenge is forget it. as any challenge, there is an opportunity here as well. the opportunity is precisely for leaders in europe to understand that you need to give a step forward and as i mentioned before, complete the banking union, complete the instrument that allows very strong economic area, because the euro area today presents really good results in terms of fiscal situation of external trade position. it is a very strong market, very

more than other parts of europe. we really rely on firm american leadership. >> i heard in several visits by my colleagues in a visit i took last august about the importance of strengthening our investment and countering russia today and other propaganda outlets you mentioned, the broadcasting from lithuania, excuse me from. [inaudible] my vision is not so good. that is very tiny print. tell me how russian propaganda operations are affecting your comment country and how we might strengthen and expand our investment and counter those operations that would be more effective. >> to give a short answer, probably we are less concerned in latvia about russia today because russia today, programs of russia today are are being broadcast in english. they have opportunities to broadcast in russia their major channels. the country is not putting any barriers to free speech or free broadcasting. at the same time we are aware of the content of these programs and what is essential is to give an alternative to different sources, to

that gives europe a lower bar to clear. guy: you are short europe.e trading 1.67 at the moment, i think. you do not expect we get to target. andrew: this is what is interesting. the way we tried to set up our recommendations is that we are constructive on the banks and broader value within europe, that we are positioned for inflation in europe to fall. you might think that is inconsistent. but i think that are pricing very different things. if we think about what inflation is pricing, it is saying that in five years time, five-year inflation will be 1.7 in europe, close to the ecb target -- a very normal environment over those five years. and yet we don't think the banks are priced for anything close to a normal environment. the way we would justify that is i think they are pricing in different environments, and cover each other quite well. i have read in your notes that i wait to play reflation is to stay out of the u.s., touch on the u.s. later on. if you think inflation is set to fall in europe, why would you belong europe? why would you think eur

administration is a threat to europe. you were saying earlier he's a positive to europe. why?> absolutely he's a positive for europe. as america grows and becomes more prosperous, it will enable us to buy a lot more from you. you're going to -- you're going to be exporting a lot more to the united states. >> but in terms of policy mix, we are also heading into a year of many elections in europe, like the french elections, german elections, dutch elections, how can that be positive? >> it's very positive in this sense, european leaders should take note of why president trump got elected. he ran against the establishment, the political establishment of the country. which the average voters felt was not producing good resultsment all across europe you see counterparts to that. low growth, stagnant wages. concern about borders. concern about refugees. concern about sovereignty, loss of sovereignty. these are the same issues we have in the united states that produced trump. i think political leaders should take note of the trump phenomenon because it is not limited to the united st

meaning a revitalization of democracy in europe? >> with a counterpoint. >> not sure of the question. >> social uprising. what do we think the chances are? by social uprising you mean lots of protests in the streets? we have already seen that. i don't expect europe to be violent, at least its western portion. the french love to protest all the time, they will do that for any reason whatsoever, they will burn tires in the streets, if the french are coming out protecting i don't see that is something new, nor do i see it is surprising in eastern europe where democracy is relatively young. if i start seeing violent protests in places like germany and sweden i begin to get nervous. i would put the probability of that being relatively low. peaceful protests, that is not unhealthy but i don't see democracy being destabilized in any significant way anytime soon. >> i will reframe the question in a way that might be interesting. what we saw in the arab spring, political institutions that have long been held, and up swell of social disconten

this compares to just 4.2% in europe.y for fiat—chrysler which has profit margins of 7.4% and 2.5% respectively. cars are an important export for many of europe's biggest economies. given that national elections are due to take place in france and germany later this year, european governments will be keen to keep their domestic car industries ticking over. christian stadler is a professor of strategic management at warwick business school, and specialises in the car industry. good morning. given what i havejust said, why is there such a gulf between the profit margin in north america and that seen in europe? two factors. labour cost is higher in europe and there is still quite capacity in the european market which keeps down margins. the issue of currency has played a big part, certainly since the referendum in the uk? certainly for general motors, this was one of the reasons that they state why they did not turn up profit in the european operations and it drove them to finally sell the european operations. what are all t

it's europe's globalfinancial centre of europe.ncial centre and it is centre of europe. it's europe's globalfinancial centre and it is in the interest of the city of london and britain on one and side and the european union on the other to make a success. european union on the other to make a success. i'm sure i've heard lots of banks and big companies saying they'll pull out of london. they'll leave ca nary wharf? they'll pull out of london. they'll leave canary wharf? i'm not sure they have. some have. some banks said they need to relocate staff into cities that will remain in the single market once london is not in the single market. but i think that london will remain the dominant financial centre of europe and will be europe's only global scale financial centre. so i think there will be some adjustment and we will have to see how that works out and some businesses which are affected are making contingency plans, but at the same time i don't think people are seriously contemplating london losing its primacy in the financial ser

is europe stronger with britain a member? yes. and when it did, in 1973, itjoined for trade and not much more. for now the empire, on whose trade british prosperity had depended for centuries, was gone. mrs thatcher, now thought of as the most eurosceptic of prime ministers, took britain deeper into europe than any other leader when she signed the single european act in 1986. that created a single market — free, borderless trade across the continent, thatcherism on a european scale, she called it. but in the optimism of the age, the fall of the berlin wall and the reunification of germany, europe was tricked by a misplaced certainty in which the seeds of today's crisis were sown. first, expansion to the east lifted half a continent out of communism, but free movement created the sense of migration out of control and it was this, more than anything, that tipped british sentiment in last june's vote. second, the decision to press ahead with the single currency. at the time, sceptics warned that only five or six nations really met th

and the rest of europe? >> it depends what side of your argument. >> 81 out this is the beginning of the global britain trading relationships are no longer dominated by the closest neighbors in europe but it will hearken back to the days of the empire if you wanted to stay in which was 40% -- 48% but a period of less prosperity and security still a very polarized argument is very polarized country opinion has not shifted since jim. y >> we did see stories about buyer's remorse. >> we did a and we didn't there was a little bit oh my god what have we done but not for very long. the polls have now shifted at that point the polls are holding up the rest of europe and the world was shocked they were incredulous as to those who voted for brooks it but the e.u. had in mind but if anything the positions are more entrenched. >> in new prime minister who took over what is her biggest challenge? >> she has a lot it is hard to say which is the biggest but she has to satisfy not just the country but various wings within

because britain belongs to europe in a way that britain is part of europe.xit, we should not forget that the european continent has a duty when it comes to britain, because without churchill and without the resilience of the british people, we wouldn't be here at where we are now. so i'm everything but in a hostile mood when it comes to britain. but i don't want others to take the same avenue, because, let's suppose for one second that others would leave. two, three, four, five — that would be the end. how do you balance that in brexit negotiations? on the one hand, wanting to keep uk close, as you've said. but on the other, wanting to ensure that others are put off leaving. i mean, could those negotiations not turn nasty? when it comes to negotiations, the european union and the commission, having been tasked with this negotiation, will negotiate in a friendly way, in a fair way, and we are not naive. so will there be a fee to pay? it will be... sorry... reflecting former commitments by the british government and by the british parliament. there will be no

now, the new enemy is europe. no matter what europe does, they utilize mass alliances.realizes that many people are critical of him and he needs polarization. this is on purpose and erdogan is trying to mobilize nationalist forces. brent: you are in germany. there is a sizable turkish population in germany. there are eligible turkish voters in germany. will they make a difference with the election? >> 1.4 million voters. to be precise. of course, that is almost 2% of the national vote. it will definitely make a difference. brent: we will talk with you a little more later on in the day. five president of the turkish hdp party. they call it black gold, but it is not worth what it used to be. helen is here talking about the dwelling price of crude. helen: that is right. back on the downward trend again, i'm afraid. oil prices hitting a three month low with global stocks on the rise. that is despite the promise to out curb opec. the supply cut produced a spur of huts. opec's biggest member causing jitters in the markets today. let's cross over now to new york. the stock exc

and he said don't do this because you have more influence in europe, in the councils of europe, than you will independent. >> i think that's true. i think that's very much the view you get from the american side at the moment. the americans have two big points. economicically they love the idea of london as a base and i'm particularly talking about people at the banks. every big american bank this afternoon, they want to stay in london and just have a passport to operate throughout europe. that was the brilliant thing about london. you also hear this from diplomats, and politicians it was very convenient for america to have britain as a sort of interlock u ter with europe. obama got on well with mrs. merkel. trump hasn't all together got off on a good start with that one. the whole idea of having to restructure the west in the way that america likes to have it, that is very difficult. and it did give britain, britain for all this talk about the special relationship, a big part of it was the ability to be able to interpret what europeans thought to america in a way the americans under

europe.will remain a close friend and ally. we'll be a committed partner. we'll play our part to ensure that europe is able to project its values and defend itself from security threats. and we will do all that we can to help the european union prosper and succeed. so, mr. speaker, in the letter that's been delivered today, copies of which i have placed in the library of the house, i have been clear that the deep and special partnership we seek is in the best interest of the united kingdom and of the european union, too. i have been clear that we will work constructively in a spirit of sincere cooperation to bring this partnership into being. and i have been clear that we should seek to agree the terms of this future partnership alongside those of our withdrawal within the next two years. i am ambitious for britain and the objectives i have set out for those negotiations remain. we will deliver certainty wherever possible so that business, the public sector and everybody else has as much clar

europe richard conway reports. get 60 places, that is the price europe get 60 places, that is the price

this shows high-yield in europe.yield in europe is tight because of what we have seen is yield in europe blow out the beginning of last year. then never really recovered. here is the spread for the cocos versus the high-yield. what does that tell you that the banks in europe have not cleaned up anything in a big way? oksana: very true. the broader conversation here is about banks in europe, frankly. the rising, steepening yield curves are a positive for banks. but when you talk about the european banks, corporate purchase programs have not received support from that program. and there has not been an enormous amount of pressure on them to clean up the way u.s. banks have had. i think this brings it back to implications for portfolios and investment opportunities. there will be better entry points into those markets, certainly into the european bank markets, then there are now. jonathan: do you agree? is there an entry point down the road for european bank or do you want to outsource? tad: yes, there will be better en