europe is the largest investor into the american economy and europe is the home of our strongest and largest alliance the nato alliance, we have 26 european allies. so europe is vital to the united states. - i think the us/ british relationship will remain special but not as special as it was because britain will be able to help less than it did in the past. britain will be weakened by this geo-politically. britain will be out of discussions that involve the eu. - [narrator] the united states and other powers have increased incentives to negotiate trade agreements with the eu as a single block rather than 28 separate governments. the trans- atlantic trade and investment partnership ttip uses this approach. - the aim of the ttip, like the tpp was to achieve much deeper integration between the us and the european economies. the ttip is also a controversial is parts of europe, especially germany. europeans believe that their standards are more appropriate and indeed superior to those in the united states. they're more concerned about privacy. they're more concerned about gmos in their f

and outside of europe. the united states and europe face many challenges and threats that unlike in the past are simultaneously dispersed among many geographic front lines and across multiple do mains, whether nonstate terrorist actors, threats of a more conventional nature, cyber threats, or nuclear threats. because we know we are stronger in confronting these challenges when we are working together, we will pursue even greater cooperation from and with the nations of europe, our best partners. history has shown that when we are united, we succeed in the face of shared challenges. as i remarked earlier, one of these challenges is russia. europe and the united states seek a normalized relationship with russia. however, russia has shown it seeks to define new post soviet global balance of power, one in which russia, by virtue of its nuclear arsenal, seeks to impose its will on others by force or partnering with regions who show a disregard for their own citizens. this is the case with bashar al assad's conti

relations with europe. he discussed russia's cyberattacks as well as energy policy and he said he denies reports he's trying to dismantle the state department. held by the wilson center here in washington, d.c., this is about an hour. >> president and c.e.o. of the wilson center, happy to be talking to a packed crowd. and to welcome secretary rex tillerson back to the wilson center. as you know, mr. secretary, the wilson center has a tradition of honoring business and political leaders who follow our 28th president's dictum, that would be woodrow wilson, to, quote, enable the world to live more amply with greater vision, with a finer spirit of hope, and achievement. ms. harman: the center honor new 2010 and you honored us by attending our event in dallas in 2014, where richard fisher, outgoing chairman of the dallas fed, received our public service award. you and i sat together. we're delighted to welcome you back this morning to talk about the future of u.s. relations with europe, and to take some question

located in the heart of europe you are connected to the whole world. experience outstanding shopping and dining offers and try our services. be our guest at frankfurt airport managed by for. this is d.w. news live from berlin they refused to go but australia's prime minister warns we won't be pressured police and immigration officials moving to clear a most.

young africans are very well aware of the demographics in europe but we in europe tend to have a pretty one dimensional view of africa when we talk about these negative images of africa as a continent of hunger of despair of migration are we in the media partly responsible for the fact that this that the story is so perhaps one dimensional think hunger and disaster always sells misery you know misery is what's kind of drives people to the screen but i think in the media you should have more interviews with on to printers from africa who building up businesses for example or entrepreneurs from europe to that are investing in africa because that would kind of even out the picture a little bit of course they're basket cases and i as a do think we need to do reporting on south sudan the horrible conditions there or on the conditions in libya because otherwise there's no pressure for change on these but at the same time you also need to do reporting on industrial parks being built in ghana. that will then help a more nuanced and informed view on africa in the west in europe those negative im

. -- buy europe.f course, absolutely agree. this is a carry trade, there's a lot of money out there. jonathan: i never thought i would hear you say people have gone long over a credit rating upgraded. that was having we did 10 years ago, not with developed market countries like italy. what's going on? mr. gartside: when you look at a country like italy, you have to treat it like a credit, don't you? because it doesn't have its own central-bank. the other lesson is rating agencies typically lag. so it's a delayed reaction to much stronger growth when you look at italy. jonathan: look at the situation in europe, nick. something that struck me is how difficult it is to push through your positive view of europe. if you push it through the fx market we are still at pretty choppy levels with the ecb still hanging in with -40 basis point rate, if you push it through equities, it just refuses to expand. how do you push that through? that positive view on europe through the fixed income markets to really make

the reality is when you look at europe, you have superstrong growth in europe. risk is the ecb actually pulls forward the possibility of rate hikes. jonathan: nick, what was the bank of england doing hiking this week? mr. gartside: they did the right thing in terms of hiking rates. when you look back, the cut post the referendum was clearly a policy mistake and the suggestion then was the u.k. would fall into recession. it absolutely has not fallen into recession. they've done exactly the right thing in raising interest rates. when you look forward, the risk again is that the banks are a lot more hawkish than anybody expects. jonathan: across the bloomberg, i want to ask of you -- what's the probability of them hiking in q1 next year? mr. gartside: over 50%. the data to watch is in the u.k., we get it a budget. we call it the autumn statement, it is in the next few weeks and the lesson from the election in the u.k. was that we are not tolerating austerity anymore. there will be a political reaction to that, which is to increase the deficit. you do a fiscal loose

a very warm welcome to focus on europe i'm michelle henery germany is in the midst of a political crisis one that the country has not experienced since the federal republic was formed after world war two for the first time there will be no new government in berlin after eight weeks government coalition talks aimed at forming a so-called jamaica coalition of christian democrats liberals and the greens have collapsed. we believe we were on a path where we could have reached an agreement said chancellor angela merkel and that's why i'm sorry we could not find a common solution trying to get my hands on the news and fin klyn. chancellor merkel stands empty handed and this doesn't suit french president amanda macron who has big plans for europe he wants to comprehensibly reform the e.u. but he needs germany at his side some of his most passionate supporters like the british and shawn tully worried that without the support of their teutonic neighbor europe's future could look bleak. robust relations between paris and berlin are vital for a strong europe that's the firm belief of labor from par

video of slaves apparently being auctioned in libya is causing widespread outrage politicians in europe are keen to stem the flow of african refugees and migrants but they often drowned in the mediterranean or left stranded in transit countries like libya where they were torture right and forced labor even by governments and libya is promising to increase the number of flights repat tracing stranded like prince and the u.n. security council has held an emergency session to discuss people trafficking in libya maybe as ambassador to the united nations is promising a full investigation into the slave auction video. by the madonna cannot go by that. i've issued directives to the specialized security bodies in order to authenticate the video recording and if the recording is indeed authentic then authorities will pursue the criminals and will present them to justice as soon as possible we would also like to confirm that any violations against or mistreatment of illegal migrants are isolated and individual actions are not systemic at all well the french ambassador to the u.n. is calling for t

say the setback in berlin means yet another delay to mcconnell's vision of a united europe. q. if we don't move forward germany will focus on russia and china and friends on the mediterranean and that will be the end of europe. manuel mccrie has championed in europe with a joint and an elected president a vision chantelle aig shares. back home in her apartment she tells us she has very personal reasons for supporting a more integrated europe her father was a french jew her mother a german christian her background as one reason chantelle identify strongly as a european. i grew up with europe we always had different european cultures around the table and celebrated various european festivals and holidays. but this vision of an integrated europe powered by the franker german alliance is not popular with everyone in france. julia belongs to the center right republican party he believes the crisis in germany is an opportunity for france to stop relying so heavily on berlin only. in the past we had an irrational hatred of the germans we have an irrational love for you know we don't b

europe and taking responsibility for the e.u.r: anna, we mentioned couple times, and you indicated that you believe his motives were honorable in pulling the plug on the coalition talks. there are many others who ask the question, is christian lintner, who has become a relatively central figure, is he charismatic or he is he a rabble-rouser? is he a modernizer or another wild fringe populist? anna: i don't think he's a fringe populist, but he's an opportunist. what you have to see is that lintner took his career and his very young age and all his energy to rebuilding a party from scratch that was kicked out of the bundestag in 2013 and was basically at the point of vanishing. that is what i give him credit for. he went for it and he did an excellent job on that. it was a great campaign. he got that party back into the bundestag. . completely understand that is what i give him credit for. now he's at the point where he's in the center of what is happening. he now has to take on a different perspective. also, i think he's sincere a

the europe is very export driven.ts on how the .urozone continues to grow how far we into the story? back and take a step look at the eurozone now. it's been a fantastic year for growth. encouragingly, a lot of that growth has been domestic driven. our senses that momentum we are seeing can be maintained. we do have growth slowing a little relative to this year but we're still looking at growth coming in around 118%. , it's ahat into context pretty decent outcome area -- outcome. the chart that i referred btv 3105. this is the five-year five-year forward's. it's the focus of draghi. years isfive-year five narrowing between the u.s. and europe. this is a shift in the look at inflation in the european contact. dean: i think that is right. we are past the lows for inflation in the eurozone. i think that is something that has encouraged the ecb to reconsider its stats. considering the economic backdrop, this inflation pressure should continue to rise across the eurozone. in our mind, that is something that should drive th

—— europe's.ake—up of the next governing coalition has yet to be decided and there are strategic uncertainties as well. how far does berlin will to push eu integration, and how wide could transatlantic differences become? my guest is david mcallister, a political ally of ms merkel, and chairman of the european pa rliament‘s of ms merkel, and chairman of the european parliament's foreign affa i rs european parliament's foreign affairs committee. how bold is berlin prepared to be? david mcallister at the european parliament in brussels, welcome to hardtalk. thank you. let's begin with the notion that the european union has been wrestling with some ofan union has been wrestling with some of an existential crisis for the few yea rs. of an existential crisis for the few years. do you think the european union has now emerged from that crisis, or is it still in the middle of it? well, the last years were not easy for the european union. that is obvious. but i think brexit and other incidents were a wake—

to seven europe.martin schulz has been saying more positive stuff about seven europe and we are getting serious growth coming through. guy: schulz is pro-european. it is becoming increasingly less european. less european. if you look at the spectrum and where to think about -- you have two choices. , orgo down the macron route if you don't, you get less europe. scenario, --t polled europe together. until that is over, that will be the situation we are in. they will want to talk in a consensus voice. you will not get a way of controlling or putting more control within the use of money in the peripheral europe particularly. greece has gotten to a point of positive budget balance, which is amazing after what they went through. guy: deep trouble, right? guest: deep trouble. tomployment rates needs improve greatly. underlying growth is there. they are being dragged out by german growth. that will go on for the next couple years. i don't think we will come down on the periphery hard until brexit is done. le

severely tested even the end of medical uggla machall she sees a common interest on both sides can europe and africa truly work together to give young africans a future on their own continent are they not only neighbors but truly equal partners that's the question we want to pose today on quadriga and here are the guests so after it it's a pleasure to welcome christine wondered why she is a business journalist whose reporting focuses on southern africa she says africa is changing rapidly but much of the way the west approaches the continent is still caught up in the old ways and it's a pleasure to welcome thorsten the. he's co-founder and director of the global public policy institute here in berlin he says more development in african states will in the short and medium term likely increase migration flows to europe and finally very glad to have kids play mariyam of old with us once again he worked for twenty years in the field of development and now cover security and development policy as a freelance journalist he says african presidents are being a misused as bouncers for the e.u. for

we are seeing some weakness in europe.om of the screen, tech is the worst performing sector this morning. we are not blessed with a lot of tech stocks today. that could be turning into an advantage because it is not the kind of dry we saw elsewhere. financial services are showing signs of weakness. retail is trading down a bit as what isntinuing with happening with the british consumer. oil and gas giving back ground as well. big names in the red this morning, including hsbc. this is the bloomberg first word news story. ek.e is seb solial sebastian: prices maintain recent gains. according to delegates in vienna, all opec members and russia agree the end of next year. yesterday, a said committee charged with overseeing the agreements also recommended extending until the end of 2018. it plansisse has said to boost returns to shareholders and pay half its net income and share buybacks. the bank also increased its target for wealth management. at the same time, the lender confirmed its targets for the swiss universal bank in c

robust relations between paris and berlin are vital for a strong europe. that's the firm belief of labor from paris a supporter of a. party she's disappointed by the failure to form a government and. she in a friend of hers say the setback in berlin means yet another delay to mcconnell's vision of a united europe. q. if we don't move forward germany will focus on russia and china and friends on the mediterranean and that will be the end of europe. my macro has championed in europe with a joint and an elected president a vision shanta laid shares. back home in her apartment she tells us she has very personal reasons for supporting a more integrated europe her father was a french jew her mother a german christian her background as one reason chantelle identify strongly as a european. i grew up with europe we always had different european cultures around the table and celebrated various european festivals and holidays. but this vision of an integrated europe powered by the franker german alliance is not popular with everyone in france. julia belongs to the ce

europe coming closer together so i think again bad news for the prime minister. ok time for a special report the unique look inside one of russia's most notorious prisons the block dolphin as it's known has some of the country's most dangerous and violent criminals all are locked away for life for heinous crimes. the facility was built in the eighteenth century today it holds hundred some inmates and is known for its brutal rules and grueling conditions our correspondent right because the if was granted access to the site. in these provincial town the edge of siberia is a prison but it's no ordinary prison the mere sight of the statue has broken the most soulless butchers the black doll thing russia's highest security prison it is here that some of the country's worst maniacs serial killers terrorists and even cannibals i held in this cell a man who raped forty four miners and killed five children aged seven to eleven some of the people in this prison will never be allowed out so we dread for the things that they've done and then the man in a drunken killing fren

europe is closing ranks and deepening integration after breaks that the pact also signals europe's move towards self-sufficiency in defense instead of relying only on nato and the us russia's president vladimir putin and his turkish counterpart richard tell you everyone have reportedly agreed to focus on a political solution in syria the two leaders are meeting in the russian city of sochi for talks on syria putin held his country's cooperation with turkey saying it is producing concrete results and creating the conditions for dialogue both the turkish and russian leaders stressed that their relations are now back on track after being strange in recent years. well protesters have disrupted an event hosted by the u.s. government at the u.n. climate talks in bonn germany the head of the u.s. energy association barry worthington appeared to be taken aback and take a look at the polls. about two hundred people there singing an anti coal industry song to protest the use of fossil fuels and the white house's move to quit the twenty fifteen paris climate accord. or the meeting in bonn aims to

in chief of the strategic europe blog judy believes that germany is europe's newest problem the collapse of coalition talks in berlin will have serious repercussions for the rest of the q. and a warm up concern for hundreds of right opinion editor with people newspaper and a contributing writer for the new york times now anna says that germany is not turning into a viable that's perhaps just as well but there is she cautions and you this is day nine for compromise in this country is deeply worrying and it's not. too deep to thank you all for being with us here with me here today in the crowd quadriga studio and let me begin with you have just referred to the new york times the new york times as spoken of germany's crisis it is to extend your newspaper how do you assess the gravity of the crisis well i think to speak in american terms there are still enough adults in germany to manage this crisis and i think somebody is going to come around eventually so i don't think it goes very deep but what i am worried about is the political culture and the political culture and the disdain for compr

europe coming closer together so i think again bad news for the prime minister. the u.k. prime minister treason me again label russia a threat to europe and call for unified action to counter their perceived menace she made the comment in brussels ahead of the eastern partnership summit an initiative focused on bringing together countries from across europe we must be open eyes about the actions of hostile states like russia to threaten the potential presence of eastern neighborhood and try to attack our collective strength the part i'm looking forward to today to new commitments from european countries to working together to tackle these challenges in security and development. live from london polly booker joins us now with more on this hi polly i suppose one doesn't need a very long memory to recall that this isn't the first time the prime minister has sought to betray russia as a threat. no reason may is in brussels for this summit that's all about the eastern european countries in the block and it's talking about shared challenges and things like security and

let me once again underline, we in europe didn't ask for this divorce.e want to make the best out of this situation. brexit will never be a win—win situation. it won't be a win—lose or lose—win situation. it will be a lose—lose situation for both sides. but let's try to make the best out of this divorce, which we didn't ask for. ok, some quickfire points before we finish, a lot to get through. catalonia — you, as chair of the european parliament foreign affairs committee, have been watching a very closely. simple question for you, if the catalans in their regional election slated for december 21, of course, called by the madrid government, if they clearly vote by majority for pro—independence parties, will you and other senior figures at the eu at that point recognise their right to self—determination? this is an internal spanish conflict. we have the rule of law in spain, we have a strong constitution. and what the separatists in barcelona are doing is unconstitutional. it is not possible under the spanish constitution to leave the state of spain. but y

once back on land the days entire catch is sold to europe of all places. and that's the problem britain's fishermen exporter of fish they've caught and import their favorite fish card which is the classic main ingredient in fish and chips. the british want to maintain this trade after break set. on the pragmatists are fully aware that with the going to be a long term thing you have to take it as it comes and see where we sit up at the end of it the breakthrough is a fact i hope we just carry on and we actually you know it to get there at the end of the day but joy's worried that the price for free trade in fish will be high yet europe is likely to demand precisely what he and other break city has wanted control over british waters. imagine being taught to count with bullets and grenades instead of apples and oranges or to mistrust and attack those around you considered nonbelievers that's what's happening to the children of the estimated five thousand e.u. citizens who left their countries to join the so-called islamic state after the fall of rock in syria

some rather cool air across a good part of europe at the moment because. down across the northwest this is the line of the cooler to the north of that. lined up coming from a northerly direction from the arctic speckling of shallow cloud following on behind and that cold air will continue to slide its way further south as we go through the next few days and even getting as far south as the mediterranean temperatures in london and paris struggling to get to around seventy right celsius and screaming although it will feel pretty cold a few showers along the east coast as well so wet weather that across the mediterranean into central and northern parts of italy and up towards the bowl and seizing up of course in the most part still looking at snow in the snow becoming more expensive as we go on through thursday pick sway coming in here heavy rain there for the balkans still cold up towards the northwest coast still actually just five celsius there for london and paris is going to feel a good deal cold in that when you add on the strength of the winds that whe

i came from eastern europe and now in europe and for many years in europe, the bad guys was churchille british manipulating the situation in europe and there were a lot of people that were faithful to -- they wrote extensively on this. kind of leaves a question as to who interest, england just like germany operated through the 20th century. and raises also the issue of maybe that has a lot to do with why now, a lot of people are saying good riddance to england coming out of the eu even though it may hurt them economically. i wonder if you would comment with this act and the anti-english feeling that is so prominent in york particularly related to the world war ii in particular because no one is left to remember world war i. :>> where were you during world war ii? :>> i was a child in eastern europe. :>> where in eastern europe? >> when mcgovern had bombed -- in romania. they were told to drop the leftover bombs in the field so that they can get across the mediterranean but they decided that it would be a shame to do that so they dropped it on the capital city of romania which had abso

free from panic and fear in new york to pointing the finger at europe tonight president calls for an immigration overhaul blaming democrats for allowing america to import what he calls a european mistake i'm bringing off in berlin this is the day. you have to get much tougher much smarter and much less politically correct president trump where is your leadership we're going to as quickly as possible. get rid of chain migration and go to america they system i have always believed that immigration is good for america instead of politicizing and dividing america and being stopped by democrats because they're obstructionist focusing on the real solution anti-terrorism funding which he proposed to cut in his most recent budget obviously they don't want to do what's right for the country. also coming up tonight in a world more connected than ever u.s. senators dressed down the titans of silicon valley for failing to connect the dots american political ads and russian money rubles. how could you not connect those two dots in hindsight we should have had a broader lens the truth of the matte

europe's economy moving but bond yields refuse decline. route in the chinese bond market as china continues its leveraging push. we begin with a big issue, the treasury curve. >> to me, what is really troubling is how fast the curve has flattened after a few weeks. >> the yield curve almost always flat ends when they put rates up. i think what has caused people to stop and take note is the speed with which it has flattened. >> you still have lots of central bank liquidity, even if the u.s. bank is falling back, bank of japan is expanding their programs. ecb is really involved. you not seeing global central bank for dissing winding down. >> between 50 and zero, it is really the flashing side. things are starting to get a lot more challenging. above 50 you can always explain it away. >> equity is doing well, credit spread is doing well, the economy doing well globally, i think there will be some willingness to look back -- look past the flatness of the curve. jonathan: joining me is bloomberg news and bloomberg radio coming to us from atlant

but that if around to europe.e saying is that there is a recognition that if you do not win a clear majority — that is the pro— independence parties do not emerge victorious on december 21. your declaration of independence will be null and void and your dream of independence is shattered. would you accept that? i would accept that we had to pursue our goals through democracy and through the vote. and through free, peaceful methods. we have been doing that for seven yea rs, have been doing that for seven years, at least, actively. we have one popular consultation. we have one popular consultation. we have one unofficial binding referendum... no, no, no,... unofficial binding referendum is not straitly true, what you said. it was not an official binding referendum. the constitutional court dismissed it, the spanish courts do not recognise it, nor any other members of the european union, and you in your party is regarded that as binding, but it was not persuasive to those authorities that matter. no, sorry. sorry. i

and europe. it is good for em.as committed to this one road programs which is a massive investment across a number of different e.m. countries which is positive. all those are positives for e.m., tailwinds for e.m. if you like. we would look for e.m. to do relatively well. to come to your geopolitical risk question, we think what is driving markets is growth and inflation and financial conditions. if the geopolitical risks do not impact one of those three, they are to be bought on the selloff. i think that is what you saw in catalonia. in the end, it did not affect growth for inflation or financial conditions so you buy. the same is true in a number of corrections we have seen this year. jonathan: final word, lisa? lisa: i think emerging markets have been a sweet spot. it remains to be seen if it will be as immune to some kind of pull back in developed markets or slowdowns as they have been. putting people are discounting the potential risk. not to say it is not a good investment, but this has been a sweet spot to

soldiers in europe with a such controversial come on the in chief in washington many people in europe are wondering is america still a reliable partner. john or bernhardt as welcome to conflict zone thank you michel republican senator bob corker head of the foreign relation committee of the u.s. senate said president obama tried threatens other nations in such a way it could lead to with the world war do you agree. well course as a soldier my job is to make sure that our soldiers are as well prepared as they can be for whatever contingency. should arise our focus is on deterrence. working as part of the alliance most successful alliance in the world in the history of the world so but senator bob corker sat if we want to speak more about this vote that the president of the united states is today more a danger than a help for peace i mean again i don't know trump threatens other nations in such a way it could lead to a third world war two you agree with that i think that the president has done everything that the previous administration said it was going to do the president and this adm

jonathan: look at the situation in europe, nick. difficult to push for your positive view of europe. if you push it through the fx market, with the ecb still hanging in with -40 basis point rate, if you push it through equities, it just refuses to expand. how do you push that through? got positive view on europe through the fixed income markets are really make money? mr. gartside: when you look at periphery, portugal, italy, spain, likely to retract -- contract relative to germany. and then european high-yield. some say that is the most misnamed fixed income sector, giving the yield a massive 2%, but the reality is when you look at fundamentals in europe, there are corporations were very robust and that spread and that yield is likely to contract lower and lower. what we saw in italy in terms of the upgrade you also see on the corporate side. many more upgrades and downgrades. jonathan: we've seen anyone's. the performance is mentally phenomenal. is there any more upside in that trade, as far as you're ?oncerned mr. gartside: a lot

i believe that if we don't offer legal ways of emigrating to europe and immigrating within europe wewill be lost. if those who come who are generally speaking the poor and needy and no longer able to get into europe through the front door they'll keep making their way in through the back. so we need to create legal ways to come to europe and the commission has already made suggestions. europe will clearly need immigration in the coming decades so we have to provide those who want to come and are able to come and who situation makes it possible for them to come with a legal path to get to europe. why doesn't that work why is there so much resistance. when with our forces we have referred it to the member states and we'll see what the member states do about it the member states in their wisdom don't always follow the commission's proposals in two thousand and one the commission proposed a joint system to protect the existence of borders. calling the member states rejected it only to demand it now so we've implemented these joint controls of the external borders. when it comes to resolv