on the phone call, francois merkel, wengela asked the finance minister of france.id not give us a readout. it is difficult to get a readout when three has of state have a conversation. if there will be recriminations, we may get some line coming out of that meeting. right now, everyone is in the same spot. that is that greece needs to make a decision on what direction they want to go. will they reform pensions? will they do something on labor laws? will they meet the targets? this morning, we heard from varoufakis again. he keeps saying they are close to a deal. byt is rejected at least others. no one in dresden thinks greece is close to a deal. pimm: when is the next meeting? when do they get together again? hans: that is a great question. if there is some sort of agreement on a technical level -- just to give you a sense of how difficult technical talks can be, they were supposed to start wednesday in brussels. for the airport was closed, so they were delayed for hours. if you have an agreement on the technical level, you will still have to have a political discu

molly: so we did see german chancellor angela merkel as well as the french president francois hollande. another was british prime minister david cameron. this was his first eu summit since his strong reelection showing, and a major issue for him is eu reform. christophe: absolutely, and the british prime minister has been playing hardball in recent weeks. he has a very strong mandate from the british voters to renegotiate the terms of britain's eu overshift and ultimately put the result to the british vote in and in and out referendum. i asked martin schultz how he feels about britain's demands. >> the united kingdom is a member of the european union. they want to discover necessary reforms within the european union to make it more effective or socially just, more competitive. i agree this is all feasible and without mutual provocation if this goes in the direction i'm with him. if it is about split in the european union to build a group of non--euro countries fighting against the euro countries to get an advantage within the common economic area my playing the non-euro countries again

at the meeting german chancellor angulo merkel and french president francois hollande spoke of their common goal of reaching a binding agreement at the u.n. climate change talks in paris in december. >> the challenges we face because of climate change would be much easier to overcome if we knew that our partners the world over were working towards the same goal. it is one of the reasons why we need an agreement.+ >> a comprehensive and binding agreement is only likely if developed nations agree to considerably boost financial support for poor countries and tackling climate change. >> are political correspondent is following events for us. >> i can't really tell you that but certainly today was moving in the right direction. about generating and keeping up momentum. it is why the german chancellor angela merkel announced that the german government would double the amount spent by germany every year in supporting those developing countries from 2 billion to 4 billion euros. it's all about redirecting not just funds but also persuading countries to invest in carbon friendly development.

angela merkel and francois hollande a with u.n. deal. paris will host a climate summit in december.ver the past two days, informal talks have been held in berlin. the eu's biggest economies urging other countries to do their part. germany is europe's largest economy but also its biggest co2 emitter. no more military hardware for u.s. police barack obama has banned departments from using certain types of military gear. armored vehicles on tracks, camouflaged uniforms and grenade launchers will no longer be supplied. the move follows by american unrest over police brutality especially in minority communities. france 24 reports. >> restoring trust between the american police and local communities, that is barack obama's newest challenge. president obama: we are releasing new policies on the military style equipment at the federal government has in the past provided to state and local law enforcement agencies. it can alienate and intimidate residents and send the wrong message could we are going to prohibit some equipment made for the battlefield that is not appropriate for local depart

i'm not sure to what extent france hollande -- i am not sure what to what extent francois hollande and angela merkelilling to reach out. what we said earlier's what we see in scotland where the scottish national party got an absolute landslide with 56 seats out of 59, and of that is of course going to pose a great challenge to mr. cameron. how do you keep the united kingdom united when you see that scotland is pushing for more devolution, more powers? molly: that is something we heard from the leader of the snp , nicola sturgeon, that this vote is for the snp and not for scottish independence. she looks like she is likely to try to get as much from westminster as possible. as we can see from the images, we do have labor leader ed miliband speaking. let's listen in. >> [cheers and applause] ed miliband: thank you for your kindness, friends. friends, this is not the speech i wanted to get today. i believe that britain needed a labour government. i still do, but the public voted otherwise last night. earlier today i rang david cameron to congratulate him. i take absolute and total response ability for

at the meeting, german chancellor angulo merkel and french president francois hollande spoke of their common goal of reaching a binding agreement at the u.n. climate change talks in paris in december. >> the challenges we face because of climate change would be much easier to overcome if we knew that our partners the world over were working towards the same goal. it is one of the reasons why we need an agreement. >> a comprehensive and binding agreement is only likely if developed nations agree to considerably boost financial support for poor countries and tackling climate change. she said germany would double its contribution over the next five years. >> our political correspondent is following events for us. how much closer are we to see in a new climate deal come in? >> i can't really tell you that but today was moving in the right reaction. that's what it all seems to be about. about generating and keeping up moment him. it is presumably why on the low merkel announced that the german government would double the amount spent by germany every year in supporting these developing cou

yet merkel in the room and homeland -- and francois hollande in the room. all angela merkel could say was they were constructive and friendly, and these guys are going to stay in touch. francois hollande, who has been talking up the story with greece was not there. tom: as we go into the weekend the german people are behind their chancellor. brendan: is the bad news with angela merkel, who has been a more reasonable partner with suppress -- with citrus -- with tsipras? guy: nevertheless, she is still very much aware that she needs to look after her domestic constituency. she therefore is playing the game cautiously. what the germans keep doing is pointing the greeks back to talks and saying you have to get this right. the greeks keep saying we want to see this at the highest levels. and the tension ceases to exist. we still have a few days to go before the deadline, the next deadline. we will wait and see. a lot more cars are still to be play particularly by the greeks. brendan: the reason the european leaders keep going to latvia is the presidency -- is it

coming up, greek prime minister alexis tsipras keeps angela merkel and francois hollande up late.ks go nowhere. the clock is ticking on greece. optimism dries up. we will discuss. quick check in on the markets, the ftse 100 pushing higher. the biggest mover is vodafone. ♪ >> negotiations are still ongoing. progress has not been as fast as it should be. [indiscernible] we are in the second half of may. negotiations are still ongoing. it is time to step up the is negotiations and ensure successful completion of the bailout program. it is important that all sides including greece stick with their commitments. jonathan: that was the european commission vice president talking about greece. late-night talks between european union leaders resulted in no deal and earlier optimism about a meeting has seemingly faded away. there seems to be pressure on spain. voters will head to the polls in a regional election. i want to get out to our bloomberg team covering these stories. we are joined by athens bureau chief nikos and been in spain. i want to start with nikos in athens. has there been an

it's important because this is where the greek prime minister tonight gets to meet angela merkel and francoisid by the greek press that cypress is going to announce a debt return linked to growth this is attracting a lot of attention courtesy of the german press and maybe the position that actually comes through from angela merkel. it is that there will be a two-stage deal with greece potentially, that's what rbs thinks is on the cards. it comes from a german report. and it's partly because the germans are hosting a g-7 summit in two weeks and they don't want the greeks messing with that or the greek issue. the message may be do a deal with us next week, six billion euros of savings in v.a.t. changes and we'll release millions in bailout funds, let's move off the red line in the pension and labor reform to parallel talks and aim for a third big bail-out in the fall that would unleash the cash for greece near-term and get some progress. we'll see what happens and what the noises are tonight and tomorrow in riga. in the meantime at corporate level, deutsche bank held its shareholders meeting an

tomorrow we have the meeting between the greek finance minister, the greek prime minister, angela merkel and francoisthe meantime we could learn more about patrick drahi, a french moyer operating out of luxembourg, he's bid for part of the u.s. cable asset of southern link here in the united states. it's said according to david faber that he's approached time warner cable at further consolidating the industry in this country this is altice, the vehicle he's using, that he controls. that's the dutch quote. it's dutch and french. so there you go. the other side of it is john malone has given an interview from this country in which he's suggesting that the assets of advocate phovodafone would be a fit. he's not saying they're in discussions with vodafone. but vodafone is a top gainer up 5%. liberty global in this country up about 4. the big settlement coming through from the new attorney general on the foreign exchange investigations, is interesting to see that many of the banks have risen today, rbs, ubs is a top gainer. despite the fact that the fines there across those four or five banks total $6 bil

>> host: what should angela merkel or francois holeland do? >> guest: i thing that shy prosecute them to the fullest extent of the law and treat them as murderers. >> host: at the trial itself, you have written that the -- you found a quality of lawyering at the trial really excellent. >> guest: extraordinary. >> host: amount you found it not satisfactory in getting to what we might call the truth. >> guest: writing about it was fun, thank you, but it's -- the american justice system is not designed to get to the truth. and that is -- it's not a bad thing. it's just it's anss a odd sir verial prosis and at any time designed to conduct an investigation. in france the judge can order wilts in and can propose questions to try to figure out what happened. the american process is designed to hear two different ideas and who makes the most convincing case and the point is to apportion guilt and assign sentence. the point is not to get a comprehensive picture of what happened. that's the fbi's job and the fbi hasn't done its job. >> host: but at the

narrative which is how we engage with the european partners because my best guess is with angela merkel and francoislande facing reelection campaigns they will be keen to offering very little but getting this off the table in 2016 to anticipate the referendum. this is pushing for an earlier referendum in 2070. -- 2017. collectively those appointments put together a narrative which a lot of people have been worried -- also the history of the scottish referendum. i think that is a powerful signal of what they would do in the referendum. manus: we have a quick homage to greece. mark: i was hoping we would not mention greece. manus: shall we not? merkel and hollande, a new deadline for the greeks. the fifth of june technically. what do you make of this? simon: they have a 300 million euro repayment to make to the imf on the fifth of june. you also have the prospect of 7 billion euros of repayment in july and august. a deal needs to be struck. there needs to be conversations in this deal happening tomorrow and friday. look there are only two stable it really brands -- equilibriums. greece becomes more li

the obvious answer is angela merkel and francois hollande but is that actually the case? let us know what you think. if this was over, who has the best hand? is it about playing body language? let's talk about greece. let's talk about europe. mr. draghi is speaking at that event in portugal. we have some analysis on that as well. we are joined by jacques. friendly, constructive, but no deal. i'm getting a bit bored of this. jacques: they are still far apart from each other, and i think that every side is sticking to his own view on this. clearly, there's not enough pressure to reach a deal. pressure has to increase much more for a deal to be reached. we haven't probably reached a peak in that political crisis. guy: who do you think has got the best hand? jacques: i think the greeks have a number of cards that they can put on the table. unfortunately, i think the greeks have a few more cards to play and they will probably play them. on the same side, the europeans have their own mandate. guy: what are the cards? what will they put on the table? jacques: they've already sta

merkel. she wants the german cloud. i was with francois hollande in france. he wants the french cloud.ts the japan cloud, you know? cameron wants the u.k. cloud. emily: you are the cloud maker. marc: you know what. they should have one. they should have their own clouds. i'm all for that. and for every important country in the world, they will have their own clouds. they will all interoperate, if that's what they want as well, or they can just have their own local versions. it's whatever they want. that is my job. emily: how does that work from a security and privacy perspective? marc: well, from a security and privacy perspective, you know, we are using the best practices in the industry. but i am going to tell you something that you already know, and every viewer will know, there is no finish line when it comes to security. we are in a very dynamic and difficult situation in cyber security. and it doesn't matter what company you are, what executive you are. if you take any position except for that this is a tough environment, you're going to have challenges. so, we take it super seri

this all comes as a backdrop angelarman chancellor merkel and french president francois hollande saiduntil the end of the month to reach the deal. the german finance minister says there is no wiggle room after alexis tsipras' government committed to policy changes back in february. so this is what is coming up. my favorite quote is from the greek finance minister saying, there is not much more time left. it is not in their interest. the cow that produces milk should be beaten into submission. the milk will not be enough to pay them back. angie: interesting analogy. yvonne: this is in terms of payments coming up every single month. we will see deadlines. in june, about $1.5 billion to short-term bills in july, more than $6 billion in total due from the greek government. more than 3 billion to the eaves ecb. a lot of bold statements when you have that much cash to -- due. angie: they are having such up money,trying to dig they cannot afford spare parts on government planes. they had to fly in on a military transport. yvonne: they have to cut costs. cannot fly, cannot get the economy off

coincidentally you get a news conference where angela merkel is meeting the french president, francois where they say they will be meeting the greek prime minister at the leaders' summit thursday/friday in latvia. i think what they're basically say something you've got until the end of the month to do a deal. the indication is they may read the riot act to the greek prime minister. back to you. >> we'll find out more shortly. simon, thanks a lot. >>> how to customize your new apple watch. walt mossberg is here with be a easy guide. >>> and we caught one the star of "unbreakable kimmy schmidt." >> it's neat talking to people who were able to watch the show all in one fell swoop. i think that's very satisfying experience. i think that the viewers want to be in control of what they're watching and this offers that you know opportunity. >> we'll have plenty more from the web. including our interview with the co-founders of tinder later this hour. ♪ ♪ but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's i

merkel. on thursday, he will head to the netherlands and here to france, where he had dinner with the french president, francois hollande. we will bring you more on it as it comes in. the u.k. has opted out of a brussels plan to relocate asylum-seekers across the region. france is expected to take in some 9000 migrants. in paris, police say a makeshift migrant cap near one of the city's main train stations will be cleared. some of those in paris are living in very poor conditions as nick rushworth explains. that: they are just a stones throw -- nick: around 360 migrants from east africa have set up tents some just on mattresses. across the mediterranean from ethiopia, this man has been here for two weeks and says there is food and water but little else. >> we come here one or two times a day. there is no shower, no toilet here. nick: it is believed the camp will be closed due to health concerns. there is a fear of disease outbreak. the migrants will be relocated. >> there are few double -- there are suitable places for them. emergency facilities will be made available to them. nick: many are looking to get into

francois hollande says he wants france to remain part of the european union as he hosts david cameron for talks yesterday. the u.k. prime minister will continue his tour of europe today, meeting german chancellor angela merkel the polish prime minister. now let's turn to africa and the swearing in of the president-elect. to take a look at the challenges he faces, we are joined by the head of emerging markets at ubs and bloomberg's gavin serkin. welcome. thank you so much for coming in. gavin, let's start with you. bukhari has a lot of challenges. there's corruption there's fuel problems, there's a lot of -- the economy -- so what are his priorities going to be? gavin: if you rewind a couple months to the election, this was delayed because of the violence in the north, the threat from boko haram, which has killed 13,000. that was priority number one. the momentum is on his side. we have seen the military crash those boko haram strongholds. number two priority was corruption. that is going to be harder than fighting terrorism. corruption is endemic. we've seen it with the national oil company. the former central bank governor accusing the company of withholding billions of dollars from nigeria's budget. the t