to have a strong europe. i'm optimistic that we have good trans-atlantic relationship with the incoming administration, thank you. >> yes, thank you, everyone for joining us here today at the wilson center but also to our audience online for what i'm sure will be an excellent discussion on the european commission and its priorities, i think both of our speakers made meant points of what the priorities and the challenges are for the european union, for europe and also for the trans-atlantic space and in the year of elections, this is also a year where for the first time both the u.s. and the eu are changing their leadership at the same time and as we have seen in the past, this has had meaningful consequences to the relationship but also more broadly to the global relations and while there's been much analysis done on how the u.s. elections and the new administration is going to impact europe, we here at wilson thought that a change in europe also has an effect on the state of play and the future of trans-atla

, it is pure win-win scenario for europe.- scenario for europe.rio for europe. and in terms of trade _ scenario for europe. and in terms of trade with - scenario for europe. and in terms of trade with the - scenario for europe. and in | terms of trade with the us, scenario for europe. and in - terms of trade with the us, how concerned is europe over the potential tariffs coming in and under the trump administration? europe is concerned, but i am just back from a trip to washington and i think the main concern on the tariff site is that the tariffs will be directed towards china. if europe plays it well diplomatically it could handle it very well. we have also seen the commission president meeting trump in 2018 and striking a deal with him. i think if underlying does it well with trump we can do this and we can do it well. there may be lower tariffs but they will be mostly directed towards china. washington is focused on china. thanks to karel lannoo of centre for european policy studies. returning to the us and a big day for tiktok, as the social

— is europe in? we talk about germany — is europe in? we talk about germany but _ is europe in?ou - is europe in? we talk about germany but if you talk - is europe in? we talk about l germany but if you talk about germany but if you talk about germany and france together, the two largest eurozone economies, both facing significant economic weakness and layering on top of that be current political turmoil, it is not looking good for europe in 2025 and into 2026. it is interesting it is the opposite situation we had in europe in the financial crisis when it was the peripheral european countries that were feeling the pain of the two dominant pa

southeast of europe.nd they're classical plans that describe how to defend a certain piece of geography with what forces and what methods. this has led to a huge raft of advances that we're working on nato right now. the first and most fundamental one is it leads to a four structure requirement. these are the forces that i need to execute this plan. that really becomes the blueprint for why 2%. so previously i'd get asked sometimes isn't 2% an arbitrary figure and the answer is a little bit, but now it's not. there's a shopping list and that shopping list has been put into place. it's been embraced by nations who are, as we can see, stumping up the money to do something about it. it's also led to changes in our command and control. it's led to changes in our exercise program. it's led to changes in the posture of our forces across the alliance. as you know, we've shifted significantly farther east, but all of these things are really going to lead us to a healthier alliance that's focused on the core task

_ defend the small farmers around europe against the big _ europe against the big companies _ europeble, - companies that work in south| america? it's impossible, and we are — america? it's impossible, and we are a — america? it's impossible, and we are a lot _ america? it's impossible, and we are a lot of— america? it's impossible, and we are a lot of small- america? it's impossible, and we are a lot of small farmersl we are a lot of small farmers around — we are a lot of small farmers around europe. _ we are a lot of small farmers around europe. more- we are a lot of small farmers around europe. more than. we are a lot of small farmers . around europe. more than 80% we are a lot of small farmers - around europe. more than 80% of our farmers— around europe. more than 80% of ourfarmers are _ around europe. more than 80% of our farmers are smaller— our farmers are smaller farmers. _ our farmers are smaller farmers. so— our farmers are smaller farmers, so we - our farmers are smaller farmers, so we have . our farmers are smaller farmers, so we have to| our farmers are smaller- farmers,

and how is the shifting us position playing out in europe, especially in eastern europe? we're russia is literally right next door. today we're talking with you on the policy for administer the czech republic on this special edition of the show coming to you from the doha for them and cut our thank you so much for joining us today. look, i want to ask you about check is strategic dashboard and your hierarchy of concerns . and i imagine the russia, ukraine conflict this high on that. are you worried about the direction this conflict may go with president trump having been elected the united states and having potentially a softer line on russia than joe biden? have the 1st of all, i would not say that the door from zillow have a softer line on your crime, russia we have not heard fully. his plans or visions for conflict resolution in europe and speaking go higher fee school, incense, all the political priorities. so if you could rephrase it. uh for chick. yeah. it this uh the tons of bumping bunk. uh the country with the ridges 3. not all of those goats and divorce singles

going across - europe, into the middle east as well, _ europe, into the middle east as well, and — europe the middle east as well, and the number of- europe, into the middle east as well, and the number of these i well, and the number of these things— well, and the number of these things have _ well, and the number of these things have some _ well, and the number of these things have some of— well, and the number of these things have some of the - well, and the number of these things have some of the same| things have some of the same similar— things have some of the same similar characters _ things have some of the same similar characters involved. i things have some of the same| similar characters involved. so ithink— similar characters involved. so i think that _ similar characters involved. so i think that this _ similar characters involved. so i think that this is— similar characters involved. so i think that this is going - similar characters involved. so i think that this is going to i i think that this is going to be a — i think that this is going to be a nruch _ i think that this

. europe has the resources to help you crime europe even have resources to still do or we as a europe, that might be elizabeth a lot of political will. so the not from the bill provides external uh push on that and you know, the sec, you with a, a funeral, not only you crying as a nation, it's a state so, so we should take it seriously and be ready to, to find those results. so i'm gonna show the policy, i've just talked about europe kind of as, as, as a single entity. and i think, you know, from my experience of starting an east, you know, western europe and moving across the eastern europe, the intensity of feeling and passion about this topic, changes and shift. is there a real problem inside europe that you're out, your neighborhood on, you know, for the most part, is one that's really feeling the tension about ukraine. russia and others are coasting along. um, you know, i'm very careful criticising my neighbors. i just don't know that. so friendly, friendly, afraid, lit, friendly, nations of europe. but the reality is that we need to do more and we need to fund resources. this wi

a second front in europe could be opened. this thorny issue caused considerable between the big three, as roosevelt churchill and stalin. each had their ideas concerning the plan of attack. stalin demanded that his allies strike at the heart of hitler's empire and. north-western europe to distract and draw off a portion of the german forces that were attacking the ussr. roosevelt also favored an assault northwestern europe, but realized the attack would require time for careful planning preparation. churchill for a more limited peripheral strategy attack along the edges of the axis. not until november 1943, at big three meeting in tehran were the allied leaders able to agree to a spring. 1944 invasion. though the war was far from won. the talks also included discussion of a postwar nations organization and soviet fears of a resurgent germany led russians to demand territorial adjustments in eastern europe to establish a larger postwar buffer zone between germany and the ussr. the allies also agreed that they would accept noth

our things on course for europe? >> the ambition to be net zero for europe is there.bers are saying the right things about targets for 2030 energy. in terms of reaching the zero, europe would need to have solar and wind capacity. that is more than double the capacity that will have been online by the end of this year. so our base case shows that we have only reached around 85% of the way to the target. so there is a gap. that means it will be harder for the european countries to reach their emission targets. tom: there is a gap. what does europe need to do to close that gap? >> in the near term the focus has to be on solar and wind capacity. the deployment of these capacities needs to double. looking at solar, that is doable . the solar industry has been going well. we had strong installations on the residential and utility side with cost declines. and we look at wind, it is more of a challenge. the policy needs to intervene there on permitting reforms so we can get online all of these projects quicker and also on the route to market we need to have further incentives

much of europe is not in that definition. it wasn't meant to be exclusionary to include europe overall, it was more about energy producers and exporters. that is one part of that. the engagement with europe is obviously incredibly strong over the last couple of years because of the approvals of lng that occurred during the trump administration before it was paused. u.s. saving europe. they will say it over and over again. they have been saying very publicly that they wish they could get 100% off of russian energy. i think this is a great opportunity. they have been publicly saying it several times. president trump at the rnc convention publicly said, why is europe still funding the russian war machine and asking us to cover -- to make it up? it truly is illogical even for the europeans. i think there's a lot of opportunities there. lng is topic one. with the pause likely coming off, i can predict there is a good chance of that, europe would rather buy energy from us than from algeria or canada. the last one, when you sit down

europe weaker.r the brexit vote, do you still feel the same way? growing up in a divided germany, split east and west between communism and democracy, made a lasting impression on angela merkel. brexit, conflict with russia, eu neighbours slamming shut rifts were to be avoided, but her motives were often questioned. in your memoir, you describe your life in two parts, one part behind the berlin wall and communism and the other part in germany, mainly in the world of politics, but you always come back to being viewed by some as an outsider. during your political career, people looked at you and said, you never really got or appreciated democracy, did that hurt your feelings? how did that make you feel? so i have a number of short questions to ask you, just to try to get to know you are a bit better. first of all, do you still feel like an outsider? who has been the biggest influence on you in your life, or the biggest help to you? do you have any indulgences or little weaknesses? chocolate or anythin

taking place in europe. and europe in economy is faced with the impact and the consequences of this war. so therefore, following the u. s. policy is read out with any kind of criticism. that's a big mistake. and i do believe that the strategy the european union has been um, following in the recent um, one to 1000 days is a phase one is a failed one. because europe, we come to a lot in the last, almost 3 years. and i do believe that instead of globalizing the conflict, the right strategy would have been to localize it. and to do everything in order to resolve it, to make peace. instead of, you know, uh, pouring oil on the fire, which has been the case. you know, we are the only country in your or your opinion, which has not delivered to the funds to we are the only country natal. almost the only one which speaks openly about the red lines which must be kept serious. and we are the ones to speak openly about with our assessment that nato is a defense alliance and not an ethics alliance. in the upcoming days, w

in europe. we've seen europe starting to rally.ere's more room to come for a rally in european stocks. into year-end and also into next year. the question for the french is a question of improvement on the region but also it's a bit of a mixed bag, what's happening in france. yes, you have lack of the -- visibility into next year. what will happen in terms of the budget. it also means a tax increase we were discussing just a few days ago, it means a bit more breathing space. quite a mixed bag with a big underperformance that leaves room for some upside for france. tom: that's really interesting. is that a key reason why french equities have actually been performing relatively well in the last five days? >> it is part of that. at some point, there's too much pessimism in the region as a whole. we've seen underperformance on the back of geopolitical moods, the trump election, a number of catalysts that have not been a tailwind for europe. at some point, there's just too much pessimism. if you look at the spread, you see really big di

i think for someone who isn't in europe it's easy to miss all the isolated acts of sabotage. was there one act in particular that make people realize they were connected and maybe russia was behind them? >> it's a great question. the one i really would go to is one where we are not 100% clear the russians were responsible. and that's the destruction of the nord stream one and partially the nord stream ii pipeline. it still contested over responsibility for their spend reporting may be the it. i could see the ukrainians perhaps taking action but what happened i think if you sort of take a step back, that was i think the real transition where suddenly the war in ukraine came to europe. if you look back at the sanction regime that has been set up, russian gas was never sanctioned by the europeans because it was such a crucial, vital energy supply for europe to keep its homes heated during the winter, to keep the power supply on. and if you look at a lot of the german business, terry particularly in the spring of 2022 in discussion of satan russian gas and doing a total ban, simi

you add all of that up, europe is self is running into these issues. the way i think about energy policy, and the way i like to call it is all of the above energy policy, there are four drivers, and europe has gotten very big on this topic, you need to worry about energy availability and production, energy crisis, environmental impact, and national security. and if you get out of whack, you forget one to the focus of one or two of the others, the energy industry is so fragile that it could come back to bite you because of a third party event. and now their economy is to a very large degree having ages issues because of energy. so they know that now. i know that seems kind of trite, but they see it, and they are beginning to talk about it publicly and privately. i think that balance where of course you can build renewables, but instead of running midnight, maybe natural gas from the u.s. is better, which is what germany did, they shut down nuclear plants, they lost gas because of the war, and they fired up. i think they are beginning to process all of t

thank ou ve the outlook for europe. thank you very much _ the outlook for europe. you very much for _ the outlook for europe. thank you very much forjoining - the outlook for europe. thank you very much forjoining us. | you very much forjoining us. alongside andrew we have live pictures of the french parliament where that vote is about to take place in a few hours' time. let's turn our attention to the uk, where supermarkets have been under the spotlight in parliament today. it follows a bbc investigation that found that four leading uk supermarkets asda, morrisons, tesco and waitrose appeared to contain tomatoes produced using harsh and coercive forced labour in xinjiang in china. all the supermarkets named in the investigation disputed the bbc�*s findings however today mp sarah champion, who is chair of the international development select committee, called for an urgent question over the matter. she accused the retailers of putting profits above human rights. and shejoins us now. sarah, firstly, thank you for joining us today, in terms of what the government can

it was a well power that calls the political thoughtful southern europe. well, i think it is, it is certainly on this journey in that direction. and i think again, just having come back from united states, this is going to be a, this is, you know, one person who works and kind of part of the federal government system where it was saying to me that competition some with china is becoming and this is by policies in almost the organizing principle now of the united states government that it, it is the central thread running through so many things from the military to technology, to business, to, to almost every aspect of life that this competition is, has it is, is it the house of everything and even europe, it's not, you know, so there is this sort of simple difference that, that the united states cheat sees china is this absolutely enormous challenge to its power and influence in the world, and particularly in the asia pacific region, but also globally, i am for china in europe, that is simply not the case. the trouble for your pays that you are, is so depe

. europe has the resources to help you crime europe even have resources to still do or we as a europe, that might be elizabeth a lot of political will. so the not from the bill provides external uh, push on that and uh, you know, the secure with the a funeral, not only you crying as a nation states so, so we should take it seriously and be ready to uh, to find those results. so i'm gonna show the policy, i've just talked about europe kind of as, as, as a single entity. and i think, you know, from my experience of starting an east, you know, western europe and moving across the eastern europe, the intensity of feeling and passion about this topic, changes and shift. is there a real problem inside europe that you're out, your neighborhood on, you know, for the most part, is one that's really feeling the tension about ukraine. russia and others are coasting along the, you know, i'm very careful criticising my neighbors. i just don't know that. so friendly, friendly, afraid, lit, friendly, nations of europe. but the reality is that we need to do more and we need to fund resources. this wi

what you need is a unified and strong europe.ope for the europeans as you get some kind of decisive outcome in germany where you have them a position coming from strength but there are some obstacles to that. >> thank you for that look ahead to 2025. as you mentioned immigration is a huge issue for europe in 2025 but also fiscal constraints and adding to that is low productivity and that failure to invest leading to vast amounts of lost growth in the european union. france and germany and political crisis and the continent risking more stagnation. that's been the subject of our bloomberg originals documentary. >> the news for europe keeps getting worse. >> the french government collapses, plunging them into turmoil. >> france's political upheaval offered another glimpse at fractious european affairs. >> germany is under pressure and they are striking hard. >> our model is over if we follow our classical agenda. >> they are now fighting for survival and struggling to keep pace with the u.s. and china. >> pad the european economy g

if you look at the whole of europe, you don't want to invest in europe, you want to invest in specificcompanies and that works very well. joumanna: is it overregulated? andrea: it is overregulated in europe. if you look at other countries, the regulation is now a trend, and we need to bring this to europe. it is very important otherwise we will have re-localization of companies because there is a lot of capabilities in europe. joumanna: i want to ask about china because you and i were speaking off air about your expansion plans there. tell us what you see is the opportunity in china? andrea: exactly, we are a little contrarian on china. all the companies keep investing in china. it is going to remain a part of the turnover of leading companies. you cannot move away from china, you cannot give up on china. obviously, it is not the china it was a few years ago but these things are cyclical. all the firms are india, india, india. this pendulum swings too much one side and the other side all the time. joumanna: sometimes it pays to be moderate. thank you so much. andrea bonomi chairman of

is anybody in europe going to protest as well? and again, what did donald trump's foreign policy when he talks about taking green then, and the panama canal shows 2 things. number one, it shows that it's on hinge, and a lot of that stuff i just dismissed donald. trump will say that kind of silliness . and see everybody want you a girl in regarding one, you know to some they tow world calls rush unhinged. okay. rush. it had a security threat on its border. it complained about it for 30 years, for god's sake. ok. now trump is good as able to take a slice of europe as i say this over the next year. internally, these politicians in, in europe are going to be trying to survive. i mean look what's happening, the re romania look what's happening with german elections. dear storm is got one foot and the political brave and the other on a pat device. they're going to be trying to survive internally as their economies collapse. and people are going to be screaming for russian energy so they can get back on their feet. so they're got 2 wars.

we and the outlook for rate cuts is better in europe.- is better in europe. to is better in europe. we have got to leave _ is better in europe. we have got to leave it _ is better in europe. we have got to leave it there - is better in europe. we have got to leave it there but - got to leave it there but thanks forjoining us. thanks to mark howard of bnp paribas. in the uk, wages have risen for the first time in more than a year, according to the latest officialfigures. regular pay grew at a faster—than—expected annual pace of 5.2% between august and october. wages are continuing to increase faster than the price of goods. analysts say the latest figures have reduced the chances of the bank of england cutting interest rates when it meets this week. the current rate stands at 4.75%. these latest wage figures come on the day that businesses from jaguar land rover to amazon — as well as trade union leaders — are in parliament to discuss britain's new employment rights bill. it is been billed by the government as the biggest upgrade to workers rights in a generat

but also globally, i am for china in europe, that is simply not the case. the trouble for your pays that you are, is so dependent on the united states for its security, particularly at this time of extreme vulnerability towards russian aggression. that europe doesn't really have the freedom to just sort of say, okay, america, knock yourselves out, you go and have a fight with china. and we're going to do our own thing. the europe, de facto, can't do that because, you know, donald trump might be very well minded to say, okay, fine. well, then, bye bye nato. and you can defend yourself when russia has stopped smoking on the door. and so just kind of that to kind of point to, you know, europe in the us having different perspectives on china, but you're not really having the freedom to kind of completely golf into it. so i'm thing too many extra points for the united states. it's got some real if it wants to really stop china dominating an agent. it has some really serious knots and bolt issues to deal with. for example, it's navy. so the chinese navy is alread

are there other systemic issues that europe is dealing with right now?know, you look at an ageing population, an ageing workforce, you look at extra demands for things like climate change. what are the other issues that are ailing europe right now, and is it going to be easy to shake them off? a lot of the business model of europe, particularly the powerhouses on the industrial side, like germany, was quite reliant on cheap energy from russia. it's uncertain what will happen in the future on that front. so in the meantime, europe needs to reinvent itself. that obviously takes time. that takes a concerted effort. and, unfortunately, any decision that is made in the eurozone needs to have the acquiescence agreement of 27 countries. so it's more problematic. now, what is interesting in europe, though, is the northern european countries are the ones that are suffering the most. some of the periphery countries, including spain, portugal or even greece, are not suffering as much. so it's not all doom and gloom, but it does require a lot of soul—searching and a

the form of retaliation that europe takes if tariffs are levied on europe will really matter to the economicto some extent that the currencies adjust to reflect the possibility of tariffs. the weaker euro is actually going to increase inflation for europe in the short-term that's possible. it is difficult to know, depending on how big the tariffs are levied, where they land, and exactly what the retaliation looks like. we know from the first term that there was a tit-for-tat tariffs but i don't know whether that is something europe would want to engage in again. it does depend on how broad-based the tariffs are. whether it is on specific goods or more of a blanket. i'm also quite worried about the starting point of the european economy at this point. the ecb can try and cut rates and keep the euro weaker anyway. but the domestic economy is quite weak right now. lizzy: but if you were on the governing council this week in frankfurt, i wonder whether you would be more worried about political turmoil in france and germany or the specter of trump tariffs? hetal: it is not an easy position to be

the uk needs euroe. ., europe. 50 the eu and uk will be europe.he eu and uk will be two of _ europe. so the eu and uk will be two of each _ europe. so the eu and uk will be two of each other's - europe. so the eu and uk will be two of each other's most i be two of each other's most important trading partners. the message from the meeting will be one of improving ties for the remote mutual benefit of those economic areas.- the remote mutual benefit of those economic areas. what will those economic areas. what will those ties look _ those economic areas. what will those ties look like _ those economic areas. what will those ties look like in _ those ties look like in practice?— those ties look like in practice? those ties look like in -ractice? , those ties look like in ractice? , , ., practice? there might be some concessions — practice? there might be some concessions in _ practice? there might be some concessions in regard - practice? there might be some concessions in regard to - practice? there might be some concessions in regard to food i conc

now, we've got to bear in mind that a couple of years ago, when we had the energy crisis in europe, europeus lng very significantly. it was very grateful for those supplies at the time. in fact, if you look at the first quarter of this year, about 47% of europe's gas or lng came from the us, and it's remained at those sorts of proportions all year. so if trump does, for instance, boost more production of lng, what we could actually see is prices of energy falling, because probably in europe we may have already reached peak demand as we move towards more renewable sources of energy. the tech giant google is today expected to counter demands by the us department ofjustice that it sells chrome, the world's most popular web browser. that demand is one of a series of remedies aimed at stopping the tech giant from maintaining its monopoly in online search. i spoke to adam epsteen, co—ceo of admarketplace, and an advisor to the us department ofjustice antitrust team. and began by asking him what proposals google is expected to offer today. they will see what google finally has a chance to speak a

in europe and russia. we will continue to have that kind of support we will continue i think it's fair to say or reckon republican is that good for you because your. >> first name i ever tucked in the ballot in my life. >> someone who is concerned about the lessons of the cold war fading away. how important is the outcome in ukraine to making sure those lessons are not forgotten. republicans are about to take over the majority. and senator jeanne shaheen talked about united senate how i one test both of you, senator shaheen putting nato membership on the table i'm not quite sure what that means it. does that mean the commitment already made can be pulled back or that we have to continue to insist on it. too that question, statement caught my question as well. all of these questions on the survey, is not like they're simply yes or no. i think the conditions matter. when jean mentioned, find her so she's talking about and she can certainly correct me leverage it matters. if we are negotiating a deal, if they

a strong economic response, strong sanctions without, having europe on board and at that time, europe was as it was in 2020, to very dependent on russia for in particular, oil and gas. and that made the europeans quite reluctant to move ahead with any kind of very strong economic penalties. and, you know, i go into some of the state department people, including dan freed, who was leading the sanctions effort and trying to persuade the europeans to get on board at the you know, go into some of the back, back and forth about whether or not to hit russia with sanctions. remember, this was a huge to try to impose sanctions on russia. we'd spent the previous 25 years trying to get on board, integrate them with the western economy. it was a big deal to sanction russia, but what they did end up imposing was what we now call targeted. and i go the deliberations, how to impose sanctions on russia that are meaningful yet wouldn't impose a cost at home in the u.s. or in europe. and some of the ideas were devised. a couple of treasury department officials, as well as white house officials talking