row has brokens after luxenberg's foreign minister says hungary should be expelled from the union overts treatment of migrants. print minister was accused of violating european values when he chose to seal his countries borders in response to large numbers of territory.sing the hungary's government responded today by saying only hungarians would decide who to live with. this comes three days before a major european summit designed to promote unity between member states. i'm joined in the studio, for founder of the association green refugee. about this time last year, hungary was dealing with a major crisis. on wednesday, 10,000, 15,000 migrants walking through the territory. unknown, undocumented people. it did have an obligation to secure its borders. >> today, we see what has happened regarding how hungary is dealing with refugees. about after world 1000 hungarianan refugees left the country, and the italian government opened their doors. and the italian government, after helped -- helping with settlement in the country, after 1956, after the hunt gary and revolution -- hunt gary and

beschloss: i am delighted to see bill luxenberg. would you mind standing up?plause] bill has just written and immortal book on the american presidency. i would recommend reading it 10 times. he will be here tomorrow at 3:00 talking about his book. i remember having the honor of doing a symposium here in 2011 with my old teacher jim burns along with our friend susan dunn. thank you for being here, susan. [applause] mr. beschloss: the day we did that, jim was 92 years old. four days from now we will celebrate america's 240th birthday and i could not be more appropriate that before that happens, here we are to celebrate one of our greatest american leaders and the library that he imagined. all i can say is that for myself and every other historian and scholar, thank you to everybody past and present who made it possible for this library to become the inspiration that fdr hoped it would become. thank you all. [applause] dr. sparrow: thank you. eleanor roosevelt was a woman who accomplished more than many of us do. she wrote her column 60's a week from 1935 until 1

lastly, i will leave you with what the luxenberg leader has said.and economic focus is where the priorities lie. a petitiono seek coming back into that eu, and indeed, perhaps a movement to a defense policy, something the united kingdom in particular pushed against. guy: what a lovely day out there. it is quite a hike up to that castle. good job caroline, jumping up those steps. great stuff, caroline. let's talk about the emerging markets. .e see further declines our guest.now is the world is that says with the steeper yield curve. just walk me through the transitioning into the emerging markets. >> the first thing is, on the steepening of the yield curve, that effort, initially at least, is part of an effort to help the bank, which are being penalized by negative interest rates. if you steepen the yield curve, the bank will engage in more of a carry trade, capitalizing that way. the difficult thing for emerging markets, and other asset classes, along the way here, the transition to a very flat and low structure of interest rates -- like you said, a