were to leave, what effect for that have on trade for the european union perspective? mr.ovskis: first of all, we are not engaging in detailed speculations and what if's. we are currently on the plan a, that the u.k. stays in the eu. assessments and consequences of leaving would be negative both for the u.k. and for eu. lisa: what is the commission doing our what do they have plans to do to prevent that from happening? to prevent the u.k. from leaving? mr. dombrovskis: as you know, european commission has been very closely involved in negotiations to reach an agreement with the u.k. and 27 other countries. that allows the prime minister cameron to campaign for the u.k. to stay within the eu. factualeady to provide information on the eu. we are not actually campaigning. david: let's talk a little bit about greece. you have the migration issue in europe. you have a proxy -- possibility of a brexit vote. when they look at that third bailout review, it might offer greece a little bit more latitude. are there discussions about that? mr. dombrovskis: with regards to greece, a re

any see a majority country of the european union so far in favor of dismantling the european union or getting out of the european union. i understand your perspective, but i don't see where you find this constant majority of voters you are referring to. my third point, you have not , the question of totalitarianism. i think words matter. it is the title of your book "the new totalitarian temptation." define, it is used to nazi germany and the soviet union. do you believe the european union is compared to adolf hitler and josef stalin? >> you have a lot to chew on. --first of all, the iraq war we could make assertions against each other, keep doing assertions all day. i just want to tell you that no how the euerstands actually works foreign policy was can possibly say that if the representative does not -- before the treaty, they had high representative power. i was not focusing on the eu there come i was focusing on the ideology of global governance. how it has hindered the war on terrorism. arguing by saying the big conflict was about the idea of legalr preventive war is and whether you approval is required for the u.s. to invade iraq legitimately

european continent and it has been a success story. don't give it up now. what he has revealed are two things. from an american perspective, they really want britain to remain in the european union. they see britain as being a voice dealing with europe and the shock of leaving would be dangerous for world peace and the global economy. >> i want to turn to the domestic level. david cameron turned this to political scoring exercise. it seems to have taken on a momentum of its own. do you think he has lost control over this? >> he was always taking an enormous gamble calling this vote. referendums are dangerous tool of democracy. we know they seldom answer the question people are being asked. the danger is the primary motivating factor is going to be immigration. not really about europe but that britain doesn't control its borders in europe. that was an enormous risk. he called this referendum to unite his own party, which is badly split on the subject. he is failing to do so. it is becoming more and more divided. there is a real danger even if he wins the referendum his party will still be terribly split. if he loses he will go down in history as the man who put the future of the

see any majority in any country of the european union so far in favor of dismantling european union, getting out of the european union. so that it is your perspective on this, i understand, but i don't see where you find constantly this majority of voters that you're referring to. i think it's, i don't think that's real. my third point because you haven't addressed this. both dalibor and jeremy addressed this brilliantly, totalitarianism. i think words matter. the title of your book, the new totalitarian temptation. i will probably be more blunt than our two speakers. totalitarianism used to define the 20th century, nazi germany and soviet union. simply do you believe the european union is the heir to stalin and -- >> first to the iraq war, we could make, assertions against each other, you know, keep doing assertions all day but i just want to tell you that, no one who understands how the e.u. actually works, foreign policywise can possible say that the e.u. high representative, even before there was officially a high representative under the lisbon treaty does not have power. javier solano, beef the lisbon treaty had tremendous amount of power and

any majority in any country of the european union so far in favor of dismantling the european union, getting out of the european union. so that it is your perspective on this, i understand, but i don't see where you find constantly this majority of voters you are referring to. i think -- i don't think that's real. my third point because you haven't addressed this, both dalibor and jeremy rabkin addressed the question of totalitarianism. words matter. i don't think it's a detail bus it's the title of your book. i will probably be more blunt than our two speakers on this. usually, totalitarianism is a word that's used to define two political projects of the 20th century, nazi germany and the soviet union. very straightforward, do you believe the european union is the heir to hitler and joseph stalin? >> you have quite a bit to chew on. >> yeah. first of all, the iraq war. well, first of all, actually, we could just make assertions against each other, keep doing assertions all day but i just want to tell you that no one who understands how the eu actually works foreign policy-wise can possibly say that the eu high representative even before there was

european union as well, the u.k. will go to the back of the line. was that a veiled threat to the british? >> yes. it was putting it in perspective. you guys think it will be great to get your independence, but we will be negotiating with the e.u. and it will take time. if you think we will start on something new right away, it will not happen. >> was this a close call within the white house to decide to get into the middle of a controversial debate in great britain right now? >> only in the sense where you think you have seen this president be less cautious as things move, and when he feels strongly about something, he can be influential. whereas maybe in the first term he may not have weighed in. martha: he also went to saudi arabia, that is controversial. alliance is probably the scratches -- scratchiest in the whole world. president obama has been open about wondering why he has to put up with these characters, since they do not need the oil anymore. did the relationship get any less scratchy because of this visit? >> i do not think so. they did smile in front of the cameras and the white house felt like they had mended some o

coninsx: i can only guess the perspective on cybercrime with two clarity's in the european union. terrorism and illegal immigrant smuggling is upon the top priorities. on the mind and we have received massive use from the internet and social media, and they could be messages used by terrorists and we see that traffic taking place. together, with the united different tackling producers. this is part of reality. for them withk the public and private sector in order to see how we can tackle them together and across the borders and across the sections. a lot of attention was given to law enforcement authorities and judicial authorities. is ringing together all the having thes and simulations with the worst-case scenario as part of the exercise and we have to get them altogether. we know that having defense and expertise benefits from that expertise and benefits from the that has available been set from the previous discussions and the solution might not be found in one way or problemon a specific that reflects a solution, but the solution can be followed in the court operation again.

european union, this would be much more of a challenge. to think through what this would mean and how it could be tolerated from a eurozone perspective.e will see what happens but i am not going to outguess what happened but these are on my mind. thank you for guess your time. andreas dombret from the in frankfurt. the european close continues. please stay with us. ♪ mark: you are watching bloomberg markets. i'm mark harden in london. let's have a check on today's session. the kleins all around today -- a , a third day of declines led by energy and commodity companies. also coming up next on the european close, an exclusive interview with the cfo of tesco, the big retailer here. do not miss that. ♪ mark: you are watching the european close. i am mark barton in london with betty liu in new york. let's take you to the action with my super led. the stocks are down for a third consecutive day one half of 1%. investors sitting on their hands ahead of the big central-bank meeting by the fed, by the boj. that is something to look forward to in the middle of the week. by 3%.hilips shares down phillips essentially is more likely to sell it to

perspective. >>> well, shifting focus here a bit, the imf has given a stark warning on brexit, saying severe damage would be caused if britain left the european union. both -- the campaign responded to the imf report saying the organization has been, quote, consistently wrong on the u.k. economy. still with us is the european head of global markets research at bank of tokyo mitsubishi. derek, we're getting ever closer to the june referendum here. do you think investors are accurately pricing in the risk here? >> well, i think there's more to go on the downside before we get to the actual date. it's clear that i think there's been some reversal and some stability for the dollar. going back to the dollar story we spoke about and the stability in the markets, that helps. ultimately, the polls are beginning to shift. we had an icm poll yesterday with 45% versus 42% in favor of leave. that's the widest ever on that poll specifically. the poll of polls that we watch, whatukthinks.org, that shows 50/50. it shows 50/50 for the longest period of time since the poll began in september of last year. the bad week for cameron is not pl -- is that playing a role

. >> i can only give a judicial perspective on how to tackle cyber climatrime, one of three priorities in the european union. it's among the top priorities and it is a border less crime as has been on the line. we see massive use of the internet and social media, encrypted messages used by terrorism. we see that, traffickings, all kinds, are taking place on the dark nets. we had to, last year, some operations together with the united states in tackling network, in tackling different malware producers. this is part of reality. not later than last year, the world economic forum established a committee with different players from the public and the private sector in order to see hue together we can tackle cyber crime across the borders and across the sectors. again, this year, a lot of attention was given to the role of law enforcement authorities and judicial authorities. there are digit wfferent ways t tackle the problem but the disciplinary way, bringing together all the expertise, having exercises, simulations, being prepared to face the worst-case scenario, is part of the exercise of the committee. we hav

european union, they have lost their biggest customer. they will try to renegotiate their way back in. it will not be on better terms than what they are in right now so just from a pure economic perspective, this should be a no-brainer. there is a larger set of forces at work here mother. there is a corollary between those who are demanding that britain leave the eu, anti-immigrant forces that are concerned about outsiders changing their culture, what we see back home with mr. trump, and some of the rhetoric there, we are in a moment of global havee, and people anxieties about that change. some of it very legitimate. global capital is moving, workers are less mobile, and their -- as a consequence they have less leverage, wages stagnate, there is obviously terrorism fears that have emerged that are very complicated but people want to simple five them by thinking if we could just her seal ourselves off than we would be ok and what all this adds up to is a desire to pull back with the draw and reject the global integration that has been taking place. unfortunately, in an age of smart phones and the world wide web, and international travel to globalrgo ships supply chains, that is not possib

history of the relationship, how vital it is for the european union to stay together from his opinion. he says maybe you need an outsiders' perspective and he also went on to say to that it's good that income inequality, it should be a focus of everybody's -- are of everybody's economy, of every country, and equal rights for all. >> that's exactly why we brought in tucker carlson who was up late last night and up late this weekend. what do you think of this 250 additional men and women going over there? >> probably an effort undertaken in good faith but it doesn't answer the question, the basic question is who runs syria? who do you want to run to run syria? >> it's a black hole. it's affecting europe and the united states. could assad stay in power or not? >> we're combining with a bunch of rebels we weren't supposed to be dealing with. >> exactly. in a lot of cases, they have interests contrary to ours, again, what do you want it to look like in five years, i haven't heard anybody in the administration articulate that and it's troubling. >> i don't think the president has thought that far. cruz and kasich have announced an applianc

perspective on how to tackle cyber crime. cyber crime is one of three priorities in the european union. the sites of terrorism and illegal immigrant smuggling is among the top priorities and it is a borderless crime as has been on the line. we see a massive use of the internet and social media, and encrypted messages used by terrorism. we see that traffickings of all kind are taking place. we had last year some operations run together with the united states in tackle iing different malware producers. this is part of reality. not later than last year the world economic forum established a steering committee with different players from the public and the private sector in order to see how together we can tackle cyber crime, across the borders and across the sectors again this year in davos, a lot of attention was given to the role of law enforcement authorities and judicial authorities. there are different ways to tackle the problem, but the multidisciplinary way of bringing together all the expertise, having being prepared to face the worst case scenario is part of the exercise monitorin