to and be european union. in the european union, there are also concerned about the degree of the anti-americanism, of which there is plenty and the european union. unless in france, for example. he wants us to try to reduce the significance of that. but that is america's decision. francine: that would mean that the u.k. is a stronger and more valuable trading partner for the u.s.. nigel: i'm talking about not what's in the interest of the united states, that's for them to decide. i'm talking about what's the interest of the united kingdom. it's in the interest of the united kingdom to regain our freedom and our democracy. mario monti, for whom i have a high regard, referred to democracy. democracy is democracy, but he suggested that we weren't really democratic because ministers were appointed by the prime minister, not by the people. that's ridiculous. what's democracy means as that if the people are up with the government, they can kick it out. which they have passed can be changed by the subsequent governm

the alternative to being in the european union is not being in the european union.aughter] it may surprise you, but most of the world is not in the european union. it may also surprise you that most of the world is doing a lot better than most of the european union. francine: an unnecessarily better than the u.k.. jon: it will mess up the european union. arefear arguments interesting. we would do quite well if we didn't get any fresh trade agreements. there would be more impact on europe then there would on the u.k.. they would lose more jobs in europe if there was a brick wall between here and the eu. that?ne: why do you say given only 20% of their trade comes to us. jon: the difference in size. the fact of the matter is, we have a trade deficit. total istude of the fromhat on the face of it terrible consolation, lose about 270,000 jobs. carolyn: out of 500 million people. jon: the reality is there people losing jobs. a second?y on for the central thing about damage to the u.k. economy on leaving, which is the main argument that's being trumped up is a trade agreem

now the way it works is this, the european union is governed under two documents, the list lisbon streety the charter of fundamental rights, both vaguely worded documents that vagueness gives freedom to those in the european institutions who seek broad you are powers to the european union to mission creep, in brussels, which take control of more and more new areas of activity. the one that irritated me recently was when, you'll see the stories of two heroic americans who wrestled a terrorist to the ground on a train in the netherlands. the first reaction of the institutions in brussels was to say, security on our trains is a major problem. we must take control of it in brussels and not leave to governments. that is the mentality of brussels. unless the member countries of the eurozone move to unify more and more of the way they govern themselves many changes will be applied to the uk as well because we're already subject to eu-wide legislation in those areas. so, for example, if the eurozone, as they integrate more closely, take a decision about how to operate their banks, britain and the

trade outside the european union.nce you depart the european union, presuming you do, you will have to come up or you would like to presumably negotiate trade deals with other nations around the world and even with the european union itself. are theling: we european unions biggest market. outside the european union, the united kingdom what amount to 17% of eu exports. we run a huge trade deficit to the tune of 16 billion pounds a year. in goods alone it is 100 billion pounds a year. market to them. the discussion always seems to take place in the prism of our access to a single market. it is more about the deal we would do with them so they could continue to access the market of the united condemn which is crucial to 5 million employees and tothe european union key industries like agriculture in france. i am actually confident that we will carry on trading normally with the european union. we have a free trade agreement at the moment. i see no reason for that to change. when it comes to trade deals around the world, t

say the european union is perfect. it needs reform. by changes have created some very worthwhile reforms. of hardheaded calculation of what is best for our country, whether it is the stronger economics, being able to get things done in the world, keeping ourselves safe against tororists, got no hesitation say we are better off voting to remain in. does do that, the reform not end. i'm not saying let's just simply calculate the economics and safety and security. there is a big argument about britain. britainnt a big, bold getting out to tackle climate standing up to russia or making sure iran does not get a nuclear weapon or fighting to confront terrorism, being in the european union does not restrict our power to get things done, it increases it. there is a strong patriotic case to be made to stay in institution that is imperfect , justme in my view because the institution is not perfect, you don't walk away from it. >> what is your answer to the that slowly, our sense of identity is being weekakened? i don'tnister cameron: feel any le

prime minister: i don't feel any less british for being in the european union. we are a different country. we are special. we don't believe in having some ever closer clinical union. we don't even want to join the single currency. we are independently are strong we get things done. we are an amazing country. we don't give up our national identity by being part of this organization just as we didn't give up our national identity by being part of nato or the g7. we should walk away from institutions that help us win in the world. as a big bold british case to and i'm going to use a lot of the next 50 days to make it. >> we are very grateful for you coming here in answering these questions. thank you. not everyone has agreed with what you have said today. but i thank you for giving direct answers to the questions. minister: thank you. >> i helped both iraq and afghanistan with their constitutions. you q&a. night on khalilizad. we see the extremists exploiting the situation. the surge. reaching out to the sunnis. improving the iraqi forces. establishing the unity gov

accept the deu was as yet a single legal body which is not something who people want to leave the european unionere particularly keen about. >> that's -- the reason for what they said, they did not wish the european court of justice to be subordinate to the european court of human rights. and isn't that the whole issue here? if you are proud nation, as scotland is a proud nation, why doesn't it want to go on its own? and if it left, if we, the united kingdom, leave the european union, then the scots, the scottish government, their elected representative will be able to have control over scottish fishing? completely? which they lost. be able to have control over scottish agriculture, as they'd be able, for example, to charge fees in the scotti isis isish universities and institutions and higher education, they'd be able to charge students from the eu fees and thereby be able to increase the opportunities for scots to be able to access higher education which they're being squeezed out of at the moment because of lack of resources. so there are all sorts of benefits that would actually come directl

of justice has said that the european union law it won't be long before the union exceeds. >> in the legal body it's not something that they want to believe people back that the reason they fought for what they said is that they didn't wish the european court of justice to be subordinate. isn't that the whole issue if you are a proud nation as scotland is a powerful nation, why doesn't it want to go on its own and if we leave the european kingdom. they gave it over the scottish agriculture to charge the fees for the institutions in higher education and that is to increase the opportunities. the higher education would be down because of the lack of resources and that would come directly to the scottish people. the commission among some of the other bodies that extended the powers of the government and i would rather have a cross party constitutional intent than doing it by the stroke of a pen so the jurisdiction of the court literally can only cover those areas which we the people of europe decide to give it and that's what it was. if the treaty is badly written thathat isn't the faul

that are made by them because they said specifically and i, quote, that british memory of the european union is the best collateral operation and long-term competitiveness and that 150 component industries in the owner of automotive sector that depend on companies like toyota, ford, for repart of the european market. >> order. questions to the prime minister. maria colefield. >> wait a minute. >> duetting ahead had of himself. a process to be followed. ladies turn. >> thank you very much mr. speaker, prime minister is defending japan i ask on his behalf meetings to addition i'll have further such meetings today. >> maria colefield. >> members would agree would the first priority of government to have the security of our country. that's also the chancellor outlying to me that this government is taking to a place -- [inaudible] >> absolutely right. the duty of government is to defend country an for almost 70 years independent has provided ultimate insurance of our freedoms. we will review our bringing forward votes in our house and from all sides was house to support this vital commitment to n

when it comes to the european union, as she knows that we agree on this. i think it's better that britain remains in the european union why don't question of some consensus now on other issues such as independent nuclear and consensus on that . let's have a consensus on supporting businesses rather than disparaging businesses pep and let's have a consensus about piling debt on the next generation and dealing with our deficit. let's have a con sen sis to the the parties in this house who have a credible economic policy. >> thank you, thank you mr. speaker. i think you just agreed with mccluskey so former work and secretary -- that the chance report should not be believed by anyone and branded chancellor pinocchio nose getting longer and longer with everything. now the manager director says that treasury get this half a million good reasons to stay in the european union who does the chancellor think that public should listen to? his former colleague or the league of britain's union -- >> i don't think it's any -- i don't think it's any great revelation that

union. it affects the way the european court will work. we have this guarantee that any power proposed being parsed -- passed from britain results in a referendum in our own country. there are risks to every course you take in life, but in terms of reducing the risks of staying, i think it's been done very effectively. >> you think negotiations are dead? mr. cameron: not at all. i think there will be a successful conclusion. i think r 13 rounds of discussions. a lot of what needs to be agreed on has been agreed on. it will take a bit on both sides. it's a very big deal for britain that could result in hundreds of millions of pounds of benefit for our economy. >> d think we could if done more for the industry if we had not been more in the eu? mr. cameron: i don't. output of thee steel industry goes europe. it's our biggest market. as much as 40% of the output. b, if we were outside the eu, we could be subject to the same anti-dumping tariffs with respect to china. i don't think it would've been a good future for steel. when i talked give i

that is something that is really testing european union unity and has prompted the european union, in particular germany, of course, under counselor angela , akel, to strike a deal political deal with turkey, in which they would slow the flow of refugees. there is concern that in the absence of lasting peace in syria, the flow of refugees othersimply shift via routes, for example, africa, a topic discussed yesterday, also in bn the, so refugee concerns. on the other hand, as long as violence continues in syria, they will be continued presence of islamic state militants there, who continue to pose a threat to europe, the european union, other countries, a security threat, so there is really a sense that those two challengers, the refugees on the one hand, the threat posed by islamic state militants on the other, are not going to go away unless the violence in syria is a ministry that will only happen when these entrenched parties on both sides of the equation come to some kind of an agreement on a formula that can build on one hand on the revival of the patchy cease-fires, the resumpti

add to the forces of fragmentation and contribute to the unraveling of the effectiveness of the european unione united states has a deep investment to the european project which has brought peace, prosperity to europe. that's should not -- that should not be taken for granted. katty: investigators in texas say an explosion at a fertilizer plant three years ago that killed 15 people was a criminal act. they found the fire had been intentionally set. the explosion in april of 2013 demolished part of a small town. no arrests have been made and the investigation continues. hundreds of thousands of north koreans rallied yesterday to mark the end of the workers party congress. the elaborate show and political theater works a darker side of the secretive regime. one person who has experienced those realities firsthand is kenneth bae. w an american that was imprisoned for two years on charges that he was trying to overthrow the government. for the first time he is telling his story in a memoir entitled "not forgotten." describe your time in a north korean prison where you were the longest serving -- a

under that treaty in the european court of justice has said the interpret european union law for them to exceed. >> lenovo with that example if that was yet a single legal body. but the reason is for them to be subordinate with european course of human rights. so why doesn't it want to go on its own? with the scottish agriculture with those institutions and for spots to access higher education since there are all sorts of benefits that come directly to the scottish people. >> working with the campbell commission and other parties and to you by the stroke of a pen those that if we the people of europe decide to get in bed as a we have done. that is the fault of the prime minister and those who signed the treaty. >> but that point about stagnation i used to visit luxembourg a lot. the national motto is we want to remain what we are. it is proud as is portugal and latvia so the idea they give up national sovereignty any more than scotland doesn't bear any relation to the understanding i have of europe. >> had rather than the scottish people and with that scottish agriculture strip but i

should the uk end its membership in the european union?et us know what you think about that or any of today's stories by getting in touch on facebook, email or twitter. stripped of all the trappings of modern life from electricity and running water to supermarkets, could you survive? a group of people in poland, called preppers, think they could. these survivalists hoard food, water and supplies, so as to be prepared for impending disaster. some say that the country's tumultuous history has left the fear of catastrophe deeply rooted in the polish psyche. now, as social anxiety grows over terrorism or war with russia, survival courses have become more popular than ever. katarzyna mikulska leads a little troupe away from civilization and into the wilderness. >> by the oak tree back there. that's a good spot! reporter a good spot to learn : how to survive 5 days in the woods. 100 people wanted to take the course, but there were a limited number of places. first off they build a hut, almost entirly without tools. they learn what to do when dis

[shouting] we are fully aware that the european union has strengthened workers rights in many ways. in march, while the prime minister was trying to undermine workers rights with this trade union bill, the european commission put forward proposals to close the loopholes in the posting of workers direct it, which would stop employers exploiting foreign workers and undercutting national right to pay. for the prime minister can earn that his government will protect workers and will back these reforms to stop this undercutting and protest exploitation of the workers across this continent? >> first of all, during the honorable gentleman in wishing a happy birthday. many in this house bill growth within his or her the natural world and the environment in his remarkable man. i am proud to say the raw survey ship in the arctic ship is going to be named after david. there is strong favor. i think the life raft on the boat -- the submarine on the boat is going to be quite rightly on the posted workers rights, we're looking at this closely, working with partners. i can tell him today that the y

he might be aware that patrick mitford a former advisor the said that theher european union has a negative effect on the city of london. and he would want the shackles of european regulation removed. does the prime minister believe that the membership hurts the city of london does he believe that the european union regulation of the finance sector in britain and british administered tax havens would help the sort of people exposed underlinedma papers by my friend in his earlier question? minister: we basically agree with each other about the european union. i will try to identify a question in that lot. disagree with the economist. he wants to see manufacturing industry in our country obliterated. i think they'll be a disaster step if we follow the advice that he gives. in terms of the city of london, we need the right regulation for the city of london to continue its massive rate of job creation and wealth creation in our country. we also need to remain members of the single market which is absolutely vital for this important sector of our economy. thepe that i'm that as on issue of the n

the european union has helped reconcile countries which were once at each other's throats for decadesommon purpose in europe to avoid future conflict between european countries, and that requires british leadership and for britain to remain a member. the truth is this. what happens in our neighborhood matters to britain. that was true in 1914, in 1940, in 1989, or you could add 1588, 1704, and 1815. and it's just as true in 2016. whether we influence europe or it influenced us, and if things go wrong in europe, let's not pretend we can be immune from the consequences. second, the international situation confronting britain today means that the closest possible cooperation with our european neighbors isn't an optional extra. it is essential for this country's security and our ability to get things done in the world. we see a newly belligerent russia. the rise of the daesh network to our east and to our south. the migration crisis. dealing with these requires unity of purpose in the west. sometimes you hear the leave campaign talk about these issues as if they are, in and of themselves,

we have a european union. had agreements between germany and spain, and other countries, and we still think the european uni, forming hugeunit of cmon tradnd lel res is a good idea. i think that it is in principle a good idea. the gains are dependent on if we have ttip light, for the -- or the originally planned reement. let me make twoore points. one, eopeans havekepticis it is geany, atria, an luxeourg. other 2member stes of t european union have a majority for ttip. the next point is secrecy. does green priest -- does greenpeace -- are agreements on the summit paris done in public? no it's not even made a political afr that, which is done with ttip. do the two coalition parties have open discussions about how they form agreements? no. all this is me behind closed doors to make secrecy the top. -- i think to make secrecy the top point of ttip, i think that is overblown. >> i think you said under your breath that you don't internally agree in terms of the dissolution of opposition. >> first of all, let me at

european union. so it is not about the european union. >> and we have heard estimates up to a hundreds of thousands of jobs tied to the city that could go. other repercussions for the city. when you listen to those in the leaf they say don't believe the number because europe need ours financial center more than you need them. what do you think? >> doesn't mean we're all complacent about what would happen if britain left. there are other centers around europe that would love to build tupir business. and we have no great expectation that if britain left, the other members would be really keen to give us free access to their markets when they are not selling us financial services in exchange. and that is why they believe britain needs to be a member of the european union. >> do you think some of this is getting lost in the rhetoric between the sides? and do you think voters are simply confused over the data? >> there are extreme claims on both sides. which is a pity but the notion there is some real dat

there is no economic benefit net to the european union itself.s one of the slowest growing countries in the world, groupings in the world with one of the highest levels of unemployment, which is very sad. so it is a political project which we do not -- the british people do not wish, and the french don't either. but of course, france is an elitist country, it is the elite who run it. but there was an article in le monde about three weeks ago where the french people were asked if they want to do have a referendum like the british people have to leave the european union, and 53% said yes. francine: there be huge queues if people knew what to think on that day in the booth. mario: i would think as a british citizen, do i really have much greater confidence in the political class in the u.k. than i have generally, and what -- would i feel comfortable in having this political class leading me and my fellow u.k. citizens in the rather untested and perilous adventure of going against the wind at a time when countries try to combine rather than to pursue

if the british electorate were to decide to leave the european union, island would obviously still standn and would talk about those close at a european level. but i could not determine what the outlook of what the response from the other 26 countries who had arrangements with britain would be at that stage. so, these are all alternatives. these are all outcomes that one cannot predict. but for us it is very important that we continue to inform our people, and that the british electorate are fully informed, as to the nature of the decision they must make, as to the consequences of the decision they must make, and that they make up their own minds at the end of the process. it is now intensifying in the range of debate taking place. guy: one final question and it might seem from m frivolous. if the u.k. were to leave, do you think english would become the common language of the eu? >> i think english has become to some extent, the common language in a global sense. obviously, those from other countries, far eastern countries, from the eastern european countries that have joined over the l

you can fly from a scottish airport inexpensively to all parts of the european union because a common system of aviation regulation across europe, single european skies, and swept away the old national restrictive practices and protected national flag carriers that kept the european airfares at prohibitive levels in the past. if you are a lorry driver in scotland or you on a road haulage business you could drive from aberdeen to athens with just a single set of paperwork to cover your driver and your consign without any extra customs or inspections anywhere along the way. if you're producing food or drink in scotland, the scottish cup the uk, also for the european and other standards can be sold freely anywhere around the european union. and, of course, scots can travel your they can take work. they can study at universities or colleges anywhere else in the european union on the same basis as the citizens of those other eu countries. so a real positive. >> thank you for that. christopher choke. >> to win a i could address this to suggest it for scotland, so when the prime minister sai

he might be aware patrick minuteford, a former economic adviser to margaret thatcher said the european unionhas a negative effect on the city of london and he would want the shackles of european regulation removed. does the prime minister believe that membership hurts the city of london or does he believe that european union regulation of the finance sector in britain and british administered tax havens would help the sorted bad practice exposed by the panama papers or underlined by my friend in his earlier question today? >> well, this is an area where we basically agree with each other about the european union so i'll try and identify a question in that lot and answer as positively as i can. first of all, on patrick minuteford, i completely disagree with the economy patrick minford. he wants to see manufacturing industry in our country obliterated. it would be a disastrous step if we follow the advice he gives. in terms of the city of london, we need the right regulation for the city of london to continue its massive rate of job creation and wealth creation in our country, but we also need

it's the widest in the european union.very part of the economy and has to be overcome by some kind of feeling of upswing again. that's probably the best the government can do in the next month. that's my sentiment. betty: thank you for joining us and for staying up late to give us the recap. up, it's the commodity nobody knows about, i didn't even know about it, but now everyone wants to buy it. scarlet: i'm scarlet fu. it's time for a look at the bloomberg business flash. the fcc wants to know if the banks delayed reporting losses theortgage bonds backed by u.s. government. deutsche bank says it is cooperating with the probe. a federal appears court has reversed a decision on bankamerica. a $1.2 billion penalty was imposed after trial. the court says there was insufficient evidence that mail and wire fraud were committed by countrywide in 2007, 2008. more on tutor investments, run by paul jones. it is trimming some fees because of losses this year. go down to 2.25%. all this will take effect on july 1. the hedge fund indu

one thing is certain, no other country has left the european union before and that uncertainty makestors and businesses nervous. >> britain is a proud country with a rich history but many people there would like to see a future outside the european union. service in recent months has showed an even -- a nearly even split between supporters and opponents of the brexit. if they choose to go it alone in june, it could be costly. a study concluded that if britain left the eu its gdp would declined by up to 3% by 2030. the cost could be as much as 300 billion euros. studies point to even greater cost for britain. the organization says a brexit would deliver a blow to the country's economy. the adverse affects for other eu members would be lower depending on how much they rely on her trade --rely on britain portrayed. in germany, the gdp would decline -- berlin would have to contribute to and a half billion euros more to the eu budget to make up for payments no longer coming from london. the political follow-up is likely to be -- fall out is likely to be more dramatic. it could threaten th

remain part of the you are european union. because what does that mean for the eurozone?easy is up for people to negotiate their way out? of course, we know the european union is at the heart of what david cameron was calling, hopes about security and safety. guy: there is a fascinating poll out for bloomberg talking about the fact that half of europeans believe a vote by britain to leave the european union would spark a domino affect the other countries having referendums as well. lieveof responders belive their own countries should hold a referendum. this has become part of the political landscape. what a ripple effect this could be. that is probably generating quite a bit of interest when it comes to what is happening in berlin. let's check in on the ound. this is the euro sterling rate. steven saywell was with us earlier, believing that if the u.k. were to remain, we would say this move back towards 70. as i said, it is trading just shy of 80 right now. up next, we will get another voice into this debate. we are live where representatives are gathering. we will be spe

there's still a concern about britain leaving the european union. the concern about the fed is a little bit more justifiable. the reduction in concern because if the fed does raise interest rates, that's a sign the economy's a little bit better. it's a sign that financial markets are stable and the fact th the market's moving up at a time when investors are thinking the feds may raise rates is a good sign. >> so you side stepped my question whether you think this rally can continue. you said that sellers we sort of ran out of them. do you think that's an enduring possibility or that sellers are going to come back at the first sign of trouble. >> what i'll be looking for is a continuation of the economic data showing a moderate expansion. so we saw good housing data but we saw relatively mod acre purchasing reports so we need to see the economy continue to advance for the market to keep working. sentiment is a help but we really do need economic data to continue to come through. >> so what about the elections here and let's get a quick thought on the

that we are not part of and part of the status that we have in the european union. [inaudible] would chancellor join me if in welcoming -- london to the battle of the commemoration and support work to ensure all arm forces and their families have the very best housing that we can offer them. >> well i absolutely join her in welcoming the career duncan and celebrating all they do on behalf of this country to keep us safe and to represent britain aired the world and, of in retue owe them the duty of care and arm forces enshrines that duty. now we're honoring our promise to britain arm service. >> thank you mr. speaker. now with just troubling fees this government wants to raise them higher. why has the chancellor changed his view since 2003 when he said, that they were a tax on learning. >> back then it labor party wases voting for that fee. and difference is this, that we learned our lesson and they forten theirs and as a result we have a higher education policy giving us us best universities in the world a record number of students and crucially a record number of s

who were in vietnam for the annual european union/vietnam human rights dialogue.sband is currently facing from three to 120 years imprisonment. he has worked hard to protect human rights, and these activities cannot possibly be seen as criminal. therefore, i hope that congress and the u.s. government, especially obama on his trip to vietnam, who helped demand for his immediate and unconditionable release. i sincere his thank you for spending time to listen to my husband's case, respectfully. >> ms. vu, i would like to thank you for your absolutely compelling testimony that will be heard by many in america and hopefully around the world, as you've been telling the story, i'm glad that other news outlets have not only cared year op-eds and very profound on words and sentiments, but notice the congress is listening very carefully. i want to thank c-span for being here so that a larger america audience will get to hair you and to realize that thing are horrific for your husband. i do have a couple questions, and i'd like to that. dr. binh for the translation, and for

membership. . .european union. it would have had -- scotland would have had a difficult time getting backre in. in >> in your view. >> not just my view, use of people like this pass prime minister, the head of commission and also, it would have to join the single currency, the shade of england because it would not have the special status that we as the united kingdom have within the eu. the 2nd part of the question is what about the future. this is the united kingdom's decision. except the result, whatever it is. of course -- >> well,well, you will make your argument in your owned way. >> i would argue to anyone in the united kingdom

for those who want to get out of the european union.ee contentious issues developing. >> thank you, nic robertson. >>> 58 minutes past of hour. early start on your money. dow futures up. you can see $47 a barrel of oil. a rough patch for stocks. dow on a three-week losing streak. slim games for the year. the s&p 500 with slim gains. nasdaq is down 6% for the year. the recent slump is oil prices and some bad corporate earnings reports. retail sector getting crushed. that could change. home depot and lowe's are scheduled to release their results. they may be strong in the housing market. investing group backed by warren buffett is backed by yahoo!'s business. the group led by dan gilbert. the owner of quicken loans and cleveland cavaliers. yahoo! started getting offers last month. it is valued at $35 billion after the missteps and bad bets. it has had six ceos over the last nine years. the core business will be valued at roughly $5 billion. some estimates are as high as $8 billion. >> they tried so many things over the last few years. not

even future exemptions from the european union. but yes, it is an international agreement but it is not eu treaty change and cannot be described as a new law. the danish and irish examples are not precedent. it was made very clear by the adviser to the european council and parliament. nobody can control the changes in course or the government or outcomes. it chelearly shows, in the rece uk opinion poll, 57% said they did not trust your package. only 23% did. so this is based on the 23rd of june, it would be a historic vote, but if you cannot guarantee or even offer a treaty change before they go to the polling station and cast their votes -- >> no, look. you and i have a long standing, mutually, i hope, understood disagreement about this. so let me run through some of the points. first of all, we have achieved the treaty change. there is in the international legal agreement that we have negotiated, the commitment to treaty change -- >> we have not. >> you're asking the question and i'm trying to answer. and that is important, becau

leaving the european union would lead to a decade of uncertainty for the united kingdom, so said the british prime minister as he answered questions from a committee of lawmakers in london. david cameron is campaigning for the u.k. to remain in the eu. a referendum is due at the end of june. his opponents have argued that the country would be better off financially outside the european union. let's bring in someone with a unique perspective on the so-called brexit debate. thanks for being with us. you are well known, of course, for your novel some of talking it who lives in paris. as of tomorrow, catch up on the european adventures as well, taking up a job at the eu in your latest book. then you tell us what you make of the eu referendum debate so far? >> "debate" is a very flattering word, from what i've seen. in the british press, going back to the u.k., it seems to be a slinging match. one side says something dryly economic and the others i just contradicted and they're just shouting at each other and ignoring each other. it is not a political debate at all. no one is coming out w

for now, the deal between the european union and ankara to stop the flow is working. ankara is still refusing to comply with some of brussels' demands. >> refugees and mike rants are still heading for -- migrants are still heading for european shores but in much smaller numbers. as a result of stricter border policies and other elements. people e preventing trying to leave for territory in the europe and take back thousands already there. turkey wants incentives for its services, specifically 6 billion euros to help them deal with the refugee population of 2.6 million. and also visa-free travel for its citizens. europe insists turkey meet the remaining five of 72 preexisting conditions. ankara, which had been cracking down on kurdish rebels says that's a nonstarter. >> during the process, turkey is going through in which we lose many lives in terrorist attacks and while we're carrying out perations to eliminate these terrorists in turkish town is, it is out of the question to amend the anti-terror law. >> that is an impasse the controversial deal left hanging in the ba

treaty failed, and you promised a fundamental change in the relationship which we have with the european uniont all you have actually got is lateerer discussions in the council and no change whatsoever in the paths of the eu institution, and even future exemptions of the union requires a treaty change, and you claim that the packages are not reversible, but it is an international agreement, but it is not the eu treaty change and it cannot be described as irreversible in the eu law. and the principles on what it is made clear to the legal ed a ad of the european council and parliament, and no one including the kocouncil can control futur decisions of the court, and nor changes in the member states governments or outcomes of the referenda, and the house of common analysis of the package clearly shows that in the uk opinion poll, 57% said that they did not trust your package, only 22% did. so when the voters vote on the 23rd of june, it is going to be a historic vote on your package as a whole, but as you cannot guarantee or even offer a treaty change before they go to the polling station and cas

more likely they won't leave the european union.e're talking 70/30, 6/40, if it does, a lot of short-term volatility. i can't say what's right written but in the short run, nobody would like it. liz: this is great to have you. will you come back? >> absolutely. pressure. liz: ken of harvard. i bet your class is oversubscribed; right? >> i enjoy. liz: so humble. seven, make that six minutes away, u.s. stocks always in focus right here countdown to the closing bell. but up next, meets jason pride on the showering some of the firms $30 billion in assets on this spring. you've got to hear this. we'll tell you why countdown coming right back. the dow up 175 points [alarm beeps] ♪ . . . . the intelligent, all-new audi a4 is here. ♪ ♪ ain't got time to make no apologies...♪ liz: we've got the dow up 180 points. guess what the high was 220. the bulls are still on the run. in 2016 race, economic growth, europe may pull ahead of the u.s. because it has tailwinds. glenmede has $30 billion under management and their chief investment strategist

wait and see what happens because they're still all this discussion if britain might leave the european unionat could derail those plans and also european regulators still have a saying. the deal is still not 100% done. >> thank you. to europe now, and people in debt stricken greece may have had the feeling for a long time. now a study shows that the vast majority of european bailout money was not used to stabilize greases public finances. -- greece's public finances. only 5% went to the government, the rest went to banks. >> greece is still in crisis mode. many analysts blame the country's leaders, think they failed to implement pension and labor market reforms earlier. due to their lack of action, the country continue to lack -- rack up more debt and urgently needed international assistance. the study by the european school of management and technology concludes the build programs that followed were poorly designed. greece has received nearly 216 million -- billion euros in bailouts. they went straight to the banks to pay off old debt, interest payments, and to recapitalize banks. less than

the european union has to the shoot a denial about this leak.ey flat-out rejected allegations but they proposed a trade deal between the eu and the united states, and it was under consumer protection standards. the desire comes after greenpeace got his hands on hundreds of documents. they alleged that these things would be at the center of policymaking to the detriment of the environment and public health in europe. .hief moody reports reporter: hundreds of leaked documents in rare insight into the secretive ti tip talks. revealed some of the context, calling for more transparency of free trade negotiations. >> we think this should be stopped immediately and the start of a real public debate on what should be the content of a trade agreement between the u.s. and that you and -- and the eu. reporter: this would reduce europe's environmental protection standards as well as ignoring the risks of climate change and influencing major corporations, they say. >> americans have a different philosophy of protecting the environment and consumers. reporter