what he believes none of that is true and under european law but to negotiate individually with european countries is that there is what he fareed is a streak in the u.s. administration and yes mr bennett i'm going to need to the european union i'm going to give mr bennett a loss would miss clode ashleigh because we don't have very long left the can the european union remain united against this trump presidency do you think it is not united on on a number of issues for example the north stream dealing with russia there are divisions already and the administration if it still wants can play divide and rule very effective the europe that's why countries like germany france really need to invest very hard in maintaining european unity there are no. of pills are probably have to swallow as germany or along the way that means we cannot go against the liberalism domestically of poland hungary as forcefully as we would like to if we want to keep for example born and hungry in the board in confrontations with china and. and the us and russia saw a tricky situation but we have to keep trying mr b

we also have to make clear that we have certain european rules, we have certain european values.us so unique in the european union. i completely understand that mediterranean countries, like italy, like malta, like greece, like spain, are sharing more of the burden than other countries. and that's why the system in europe must be that other countries show more solidarity with our south european partners. that is the whole debate we are having that in good and bad times you have to show solidarity among the member states, but one thing is also clear. there is an obligation to save those people, to rescue those people, when they are risking their lives in the mediterranean. but when you see what is happening, whether it's an chemnitz or in italy, or indeed the brexit vote which we will come onto a minute, can you say that eu policy on migration is working? we have to improve our eu migration policy. of course things must be better, must get better, but the solution for the migration challenge must be found at a european level. and that's why we have to strengthen our european exter

we need a strong european union, i see support for european integration amongst young people, that isbecoming more active, more engaged, more mobilised, so actually i am quite optimistic. frankly, looking at brexit as an example, all one can say is that there are increasing deep divisions between demographics, different age groups across europe, not necessarily helping the eu. a final thought, the guy you work closely with, guy verhofstadt, in the eu parliament says that actually brexit is a sign of failure. it has to be accepted as a failure for the eu and part of the bigger picture, which is relevant to what we have been discussing. would you accept that? well i think, in political terms, i don't know, but i would feel it is a sense of failure as well. at the same time it is also serving as a wake—up call, both in the uk and the european union. i think trump is another wake—up call and we have a few others, like putin. but i think the wake—up call is working, people are being mobilised, they are speaking up. support for the european union is growing and it has never been a linear pr

what he believes none of that is true and under european law but to negotiate individually with european countries is that there is what he fareed is streak in the u.s. administration and yes mr bennett i'm going to need to the european union i'm going to give mr by the last would this clip ashleigh because we don't have very long left the can the european union remain united against this trump presidency do you think it is not united on on a number of issues for example the north stream dealing with russia there are divisions already and the administration if it still wants can play divide and rule very effective the europe that's why countries like germany france really need to invest very hard in maintaining european unity there now. of pills are probably have to swallow as germany along the way that means we cannot go against the liberalism domestically of poland hungary as forcefully as we would like to if we want to keep for example and hungry in the board in confrontations with china and. and the us and russia saw a tricky situation but we have to keep trying mr bennett thank you

what he believes none of that is true and under european law but to negotiate individually with european countries is that there is what he fareed is a streak in the u.s. administration and yes mr bennett i'm going to needs to the european union i'm going to give mr vedder the last would this clip ashleigh because we don't have very long left the can the european union remain united against this trump presidency do you think it is not united on on a number of issues for example the north stream dealing with russia there are divisions already and the administration if it's a wants can play divide and rule very effective the europe that's why countries like germany france really need to invest very hard in maintaining european unity there are no. of pills are probably have to swallow as germany or along the way that means we cannot go against the liberalism domestically of poland hungary as forcefully as we would like to if we want to keep for example bawling and hungry in the board in confrontations with china and. and the us and russia saw it's a tricky situation but we have to keep tryi

what he believes none of that is true and under european law but to negotiate individually with european countries is that there is what he fareed is a streak in the u.s. administration and yes mr bennett i'm going to need to the european union i'm going to give mr benton last would this clear the ashbrook because we don't have very long left the can the european union remain united against this trump presidency do you think it is not united on on a number of issues for example the north stream the dealing with russia there are divisions already in the administration if it's a wants can play divide and rule very effective the europe that's why countries like germany france really need to invest very hard in maintaining european unity there are no. of pills we're probably have to swallow as germany along the way that means we cannot go against the liberalism domestically of poland hungary as forcefully as we would like to if we want to keep for example the line and hungry in the board in confrontations with china and. and the us and russia saw it's a tricky situation but we have to keep t

welcome to "bloomberg markets: the european open." from our european headquarters in london. i am guy johnson alongside matt miller, who is in finland today. yeah, i've come to helsinki for an exclusive the governor of the bank of finland. the cash trade is less than 30 minutes away. guy: the single worst trade deal ever made. officexclusive oval interview, trump threatens to leave the wto. say the wto is the single worst trade deal ever made and if they don't shape up, i would withdraw from the wto. the president also tells bloomberg he thinks the eu is as bad as china, only smaller. we get europe's response. he will be's -- matt will be speaking to the ecb governing council member and former commissioner for economic and monetary affairs. despite an ugly august for emerging markets, credit suiss'' ceo tells bloomberg he doesn't see contagion. >> i don't believe there will be material contagion. in the short term, there is always spontaneous reaction. less than half an hour from the start of european trade. keep an eye on whitbread. costa, thebuying coffee chain. that will m

the block the report paints a portrait picture of the state of thunder mental rights within the european union it's a mixed picture it's a picture of what's working and what's not working we have to stay very vigilant in europe just like everywhere else in the world to protect the incredible institutions we develop that second world war as every word in the word our foundation the idea of the european union human rights democracy and it's not getting better it's changing we have some improvement it's a very diplomatic world changing to a good changing to the bad change to the good in some places but right i am very concerned about the situation of human rights in europe today we have a lot to do across so many issues so many groups migrants older people at the disabled there's a huge program of work to be done but much the challenges with the achievements but you have said that both twenty seventeen was not a great year in terms of respect of protection and the promotion of human and fundamental right not a great year that's an. wait a minute now i agree it was a it was a very very chall

just pulled the rug from under the european countries feet. i think so i think the europeans have done during basta to come to terms with even though what were perceived as the concerns over to deal with their main things being their absence of the administration from the deal this so-called sunset clause and the top of the spetum that are supposed to be conducted under the deal the europeans have been working with us to try to address some of these concerns and according to the same u.s. state department there was significant progress between generate and may when the decision was taken by the us to withdraw from the d o two i'm afraid is concerned despite that troubled nation decided to withdraw the us from a deal and put the europeans in a very difficult position the europeans continue to be committed to this virus to deal and as we know a day continue to strengthen their support for it and to implement the just nation that it's going to make it possible even weeks limitation for iran to continue to abide by is an obligation but of course i

the european union is offering to compensate legitimate european businesses in iran if they suffer from the new u.s. sanctions but that may not be enough to stop an exodus that has already begun. made in europe iran has signed contracts for billions of dollars worth of. us now the u.s. sanctions mean most of those contracts unlikely to be ripped up it's a grim prospect for europe's biggest aircraft builder and dyna is putting the emergency brakes on to its announced in a press release that it had suspended activities in iran until further notice the e.u. has reiterated its rejection of u.s. sanctions and is encouraging european businesses to carry on dealing with iran to protect european businesses from the effects of second or sanctions of sanctions that u.s. imposes outside of its twenty we believe that it is and it has to be up to the europeans in this case to decide with to trade with. brussels has little leverage against washington but the e.u. wants to help european entrepreneurs in iran. we can hope that the americans won't apply sanctions to european companies or disadvantage th

the the reflex position of european leaders which is to say that we need to european solution to this problem is precisely wrong it is precisely the fact that we have a european union with a borderless internal space the showing an area which has caused the migration problem in the first place i first visited the song at camp near cali in the late one nine hundred ninety s. the migration crisis that we're talking about now didn't start in two thousand and fifteen it started in the one nine hundred ninety s. when italy joined the schengen zone and from that moment onwards the borders of the mediterranean were on the english channel here and there is a direct relation of cause and effect and what we saw in two thousand and sixteen after hungary and and the other countries built fences to close off the balkan route is that national solutions are the ones that solve this problem not european ones and we are now i hope seeing the same result. with the italians who are taking matters into their own hands nationally defending their national territory and it's only by doing that with because

in the speech in dublin at the institute of international and european affairs you suggested that the european human rights groups act is under threat frankly you are accusing your own men states that's correct i'm i'm saying that we have a threat because of unacceptable levels of abuse under resigning of pulling away from the commitments in too many places and on top of that a lack of conviction in large parts of our citizens that human rights are important for them and not just for others so that's very big project of work but i think we know where we need to go so let's look at the european political map some examples austria hungary poland islamophobia and to some it isn't hate speech again minorities. they have become every day practice in these countries i don't i don't dispute that we have really serious and growing problems and it's the job of my agency to get the data about those problems out there in the public domain the actual experience of muslims in europe the actual experience of jews in europe put that in front of the policymakers the decision makers and then challenge

when european union behaves turkey that on the turkey needs european union turkey needs european union and european union needs turkey we are everywhere of this but some european countries unfortunately don't see the fact so why so you don't leave you any man or you said your needle tongue trees in the european union actually against turkey's membership made big my shirt off the e.u. countries you members this actually are in favor of turkish if you're going to actually eat a woman bishop any more he said and you struck not you have to love the accuracy of the reaction to this is the reaction of the country who has been waiting at the door for sixty years ok sixty years so how does the way that it is turkey's mistake so why do so many years so why threaten europe in march last year when the diplomatic president what can what kind of threaten in march last year when there's a sematic route with germany was at its height your president said that if europe continues this way no european in any part of the world can walk safely on the streets that's what he said. that's a threat that's a d

industries european finance in general because something that the united states is sort of spent most of the works at all since their actions against iran do sanctions on russia and so on which have a big effect and they're also trying. to kill a it's a view of the world which the or people who are simply repeating media regards with horns court record so there's a problem and there was a problem even with the british are supposed to you know states they find themselves challenge to economically and also challenge to some extent on what is probably perceptible here tropicals couldn't help on tweeting about things in britain that have gone against the grain of british public opinion you know jake if i can stay with stay with me the british isles here. it is actually at the very top of this we have the iran deal with the u.s. withdrew from but it seems to me that that is an archetype of the problems of the transatlantic relationship right now because the europeans are that are being told that they have to pay an economic price when they're staying in the deal in iran it wants to stay in

european and u.s. futures are pointing positive, but do we need to worry about the fredth of the market -- breadth of the market? u.k.'s negotiators are said to said an agreement will be reached by november carried and standard deviation. british bank standard chartered has paid a substantial fine for dealing with iran. now, u.s. authorities may be hitting it again and bring terminal charges. -- criminal charges. news flow interesting this morning and we see futures that are kind of mixed. dax futures look pretty weak. unchanged. ftse futures are basically unchanged, as well. the broader euro stoxx 50 futures are trading down. the interesting thing is we did see equity indexes rising in the u.s.. he'll see them in a second. -- you'll see them in a second. there are concerns the fed may raise rates twice more this year and four times next year. look at the treasuries. today is important to look at a three-day chart. we did see yields coming up yesterday. goldman, warning that if you take the warning ser

our opinion and this isn't just a question actually is european the gratian its european leaders thequestion achieved after hours and hours of discussion and its cross external borders of a solider with external borders countries because we yes ok we managed to ourself but it's much more difficult for greece and spain but we should not forget also bulgaria cyprus malta and so on and so for also when we talk about solidarity is it sorted or only dexter no borders country to accept all of the refugees illegal migrants that want to come in europe but you know what is not so in there you know it's not fall in they're doing we're talking about that north african states have already rejected this idea there is not one north african state who said here i am we are helping europe but we have to support also then to of course through this africa trust fund that we created and if you see the date as ninety five percent greece think of. of. migrants and refugees illegal migrants and refugees. in the measures that we took to signing the turkish statement agreement since creating can develop an a

the problem european is.

the european story goes like this. european nations are old. european nationstates are wise. european nationstates looked on at the second world war and realized the war was that good european nationstates formed the european unions and now they look at americans say they have not learned it. if you've ever been a european, you will have heard this story. it is a very comfortable story, especially transatlantic way. it's also completely wrong from beginning to end. it's entirely wrong. it's just not true that europeans are in for the second world war that war was a bad thing. were that the case, the russians, ukrainians and jewish should be the most peaceable people on the planet because they were the ones who suffer the most in the second world war. i will let you discuss among yourselves whether it are jewish or the russians are the most peaceful people on the planet. but you know, can we just generally agree that maybe that wasn't the lesson learned in a place for the second world war was actually fought and people actually died in very large numbers. it is not true of the

hate speeches are coming from presidents from governments from politicians look at the european union the european union is also one of the reasons where we are listening to hate speeches and this wouldn't be possible before it is new well it was legit for my eyes i also look at the european union which is doing a good job of taking hate speech off line which is pushing back and we've seen some improvements in this regard in the last few months i'm not discouraged at all i see a long way ahead it's a difficult it's going to be a difficult pathway but i think in the end we'll get there with the commitment of young people in our societies the resilience of civil society at the increasing convergence of faith communities to do something meaningful to challenge understands that you are optimistic that's your job but let's be realistic again. let's have a look in poland let's have a look in hungary let's have a look in france let's have a look even in germany a very successful growth of parties who are antidemocratic a part of their rhetoric is the headline hate discrimination of mind sexu

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. >> next on the communicators a discussion about european rules concerning internet privacy, after that senate hearing on foreign and influence and social media. and pennsylvania senator bob casey talking about aviation safety. c-span, where history unfolds daily. in 1979 c-span was created as a public service by america's cable television companies and today we continue to bring you unfiltered coverage of congress, the white house, the supreme court, and public policy events in washington, d.c. and around the country. c-span is brought to you by your cable or satellite provider. >> and this week on the communicators discussion put into place in europe who they affect and what they are, joining us is victoria espinel, software alliance, ms. espinel it was written that europe is the most powerful regulator of silicon valley, do you agree with that? >> i think europe took a big step and they are certainly the first major market to have privacy law and very important about privacy regulations in europe that are positive, but i think looking beyond europe for a moment to where this is going

to cuba it's a view of the world which the european. media regards with horns so there's a problem and ends but we with the british are supposed to. they find themselves challenge to you know a plea but also challenge to some extent on what is probably except we're here of course couldn't go on tweeting about things in britain verge of going against the grain of british. it if i can stay with stay with me the british isles here. it the issue the very top of this we have the iran deal with the us withdrew from but it seems to me that that is an archetype of the problems of the transatlantic relationship right now because the europeans are are being told that they have to pay an economic price when they're staying in the deal in iran it wants to stay in the deal too i mean it seems that you know a bit large on the part of the united states saying well since we don't want to be part of it you shouldn't be part of it and this gets down to really kind of sovereignty at least e.u. sovereignty i'd like to talk a little bit about energy as well

donna what we need is different and national markets so that we would need our european companies to live in the united states or to have lots of theories this u.s. financial markets that's the real problem not so much the pure payment system mysql of ashbrook let's me let me bring you and now the financials that of markets in arrangements that mr cross is talking about wouldn't that be even more difficult to establish than an alternative payment system to swift i mean what do you make of these alternatives that are being proposed to counteract u.s. sanctions. i think a critical component here is timing you can have many thoughts and sketch out many plans on your sketchbook whether it's in brussels or in any of the national capitals the problem here the main problem both on the defense side which my colleague tolson bennett mentioned implicitly in terms of putting up a robust defense if you will a robust response to american actions in the world that is going to be as difficult to do quickly as it is to build essentially a new financial transaction system or a financial transaction s

a full member of the european union if you are out of the european union you do not have the same position, the same rights, the same advantages than the other member states. >> the uk government says it is in talks with its french counterparts over monday's extraordinary events which saw 40 french fishing boats confront british rivals in what has been dubbed scallop wars. the fishermen clashed off the coast of normandy in a popular area for catching scallops rocks and metal shackles were reportedly hurled by both crews. speaking in nigeria, prime minister theresa may said her government would work with france to ensure the events would not be repeated. >> i think it's important that we see an amicable solution to what has happened in the channel what we've seen between the ships. that's what we want. i think that's what france wants. we'll be working on that >>> more than 20,000 people took to the streets of eastern spain for the annual tomato fest cal the streets and buildings were turned into a red zone >>> if you have any thoughts on how to pronounce the word scallop, tweet me, because

japan was deemed adequate by the europeans. there are many lawyers who will say, even that construct, that europe gets to decide whether your adequate or not. it also reflects a bilateral conversations are we have bilateral with a different parts of other non-eu european countries. canada, now japan, and other countries. what we don't have is a home for this conversation that is truly global and that can create norms and create the level playing field that we are discussing. i am still in search of that. it is a question i ask. where is that? it is probably not the deputy oh, not the united nations. where is the global dialogue and who will set those norms? victoria is right. the data will flow faster and in a more opaque manner than any of us can imagine today. thes better privacy for individual to have servers and redundancy and have real-time access to one's own data emma regardless of national borders. it becomes a new show -- be supernatural -- super national conversation. that is what i think is stymieing regulators. comp

with this this is a legislation the european union has in place to protect european businesses from the effect of secondary sanctions of sanctions that the u.s. imposes outside of that we believe that it is and it has to be up to the europeans in this case to the side with home to trade with so there is also a matter of i would say trade sovereignty to be protected mongering he says european countries are encouraging small and larger companies to increase business with and in iran saying a strong relationship with iran that helps to preserve the twenty fifteen nuclear deal is a security priority for europe. while iranian see european policy as business friendly they say it hasn't changed the reality on the ground it's about time you. will be imposed the harder the station will be for the people and no one is satisfied it was a country that other countries pushed to be like in the past now it's trying to be like other countries the economic situation is horrible. i'm so worried about my life future country and as a young girl i'm worried about my job there are no job opportunities and i'

particular national interest european powers among themselves have always had tension between the european element and their national interest so i think this is just being exacerbated at this particular time and clearly don't trump played a particular game but i think in the end the levels of interdependence between the european union europe and the united states remain very very high and i think there is a bit of upset here but i don't think there's a fundamental breach well we'll see how the tensions which are a little groan are let me go to michael in washington i mean interdependency i think there's a lot more dependency than interdependency and that's what we're seeing right now and i guess fundamentally can we have a transatlantic alliance coalition as it were carry co-exist with america first and donald trump michel. well it's be it's beginning to erode what we're seeing is an erosion and perhaps a replacement of the u.s. led unilateral world order and i think that the breaking out of leaving the the iranian deal the j.c. p.-o. way was a watershed moment for countries that in a yea

european companies doing business with iran has changed. european union leaders are seeing it is removing themselves. >> it still does not sound to me like a strategy about how you get europeans into a fundamentally different place than they are today. it is true the europeans are trying to hold this deal together and there does not seem to me to be any strategy to reverse their position or any hope to rebuild a set of sanctions that were tougher than the ones that we had. i know that you can hope for that to be true but heart of the reason that most of the foreign policy establishments begged the president not to do this is they knew it would be a likely impossibility. >> i would like to go back to the balkan. as you know, recent electoral issues in bosnia have contributed to concerns about stability there. i wonder if you could talk more specifically about what we are doing to work with the international community to try to encourage a fix to allow elections to move forward? >> thank you for the question. i have been very engaged on this

there is no question nato and the european union have delivered to the united states and european people, including the people of eastern europe. is it was 70 years ago. we need to modernize them and recognize when they make mistakes. host: our first call is from tennessee on the republican line. rachael, go ahead. caller: yes, i wanted to comment populism, theike label, is meant to overtly or subtly discredit anyone who ares toell -- who d questions past policies or the current state of affairs. peace of therder last 70 years -- i do not know how anybody can say that when we have had never-ending wars. nato's is onslaught in the breaking of -- nato is building saysssian borders and russia is the aggressive -- is the aggressor. it is dangerous. while we are having many problems domestically where 700,000 fellow citizens went bankrupt alone due to health care costs. we need to pump more money into the military. i am highly offended by this. i know you claim to be nonpartisan, but you are -- both of your organizations are funded by the same multinational corporations, defense contractors,