i'm nowjoined by jonathan charles from the european bank for reconstruction and development. these negotiations would be difficult. they begin officially in march, but macron setting out the stall from the start. these will be tough, and the french are trying to bring the french are trying to bring the eu 27 together. they want this level playing field commitment, and tough wording in there. most trade talks are about bringing countries closer together. this one is about removing what is now the deal — benefit membership of the european single market, which continues in the transition for the united kingdom — to something which is a more distant relationship, and that's always going to be very difficult, because the two sides are starting out with different visions of where they wa nt to different visions of where they want to end up. as we've said many times, the clock is ticking — the timeframe to agree all this detail is very tight indeed. do you think emmanuel macron is right, that we won't meet the 31st of december? it's very tough. you've got to remember full trade deal

with me isjonathan charles, from the european bank for reconstruction and development.'s look at the financial times. the global coronavirus spread, is in most front pages, a different angle on this story. i think most people are pointing out this will be a real test of a europe now, because there is huge amounts of free movement around europe, this is a very busy time of the tours? of course in northern italy, with the venice festival, which has now been brought to an early end, the venice carnival, but also half term holidays in the kingdom for example, many people would have been travelling in northern italy and europe, as did i. i think this shows the difficulty in the modern world of trying to contain something ina of trying to contain something in a small of trying to contain something ina smallarea. of trying to contain something in a small area. that is what the italians are trying to do, they have ten communities there south of milan which they have sealed off, 50,000 people, and they are hoping to bring it under control. but they do not know her patient zero i

executive director of the european bank for reconstruction and development, i demonstrated strong leadership to achieve high priority objectives in accordance with u.s. strategic interests. combining academic perspective with real-world insights, i hope to contribute intellectual diversity as a governor and would work collegially to promote sound money and sound finances. in closing, i wish to emphasize my commitment to honor the constitutional authority of congress to regulate the value of u.s. money. by fulfilling the statutory mandate congress has assigned to the federal reserve, we ensure that america's money remains the world's most respected currency and its most trusted standard of value. thank you again for the privilege of appearing before you today and i look forward to your questions. mr. crapo: thank you. dr. waller. dr. waller: chairman crapo, ranking member brown, members of the committee, thank you for the opportunity to appear before you today. i am honored to have been nominated by the president for this prestigious position. and grateful to the committee for its considerati

bank of doing $200 billion and climate company benefits so to put in to perspective, there are lots and lots of international organizations from the united nations to the european bank for reconstruction and development. if you're familiar with the imf and on down. if you put all the rest together, the world bank does half of the total in terms of climate and environment investments and countries. so the types of things that are done are adaptations of people are prepared for climate changes and extreme weather conditions and our lives are preserved, there's disaster relief, i was in mozambique in april after the cyclone hit. in the world bank provided, those are tools. a lot of times the biggest thing that can be done is responding quickly. then there's preparedness so we strongly encourage and work with countries on ways that they can be prepared for change. there is also mitigation. we think about low carbon, around the world still layering anomalies within the carbon environment. germany continuing to burn a lot of coal, pakistan still signing contracts for new coal and other parts of the world still in expansion of that and a very sluggish -- a lot of developing countries that are still have suc