from her eu chief negotiator sitting down with maria tadeo. s listen in. >> i don't want comment what is happening in u.k. in the future. maria: if you look back -- i know you're writing a book, so i will be curious to see when that is coming out but also at what point do you look at the objects that come with a deal, we look at the moment where it has to be perceived as being difficult, what is the number one moment you remember as being "that was the hardest and i did feel we were not going to get a deal?" >> in a previous question, you asked what is been the difference between theresa may -- what made the difference between theresa may and [indiscernible] so simple. theresa may tried three times to get an agreement and three times she failed because she did not get the support the deal. three times where i saw your going to just where we were going to a new deal -- three times i saw where we were going to a new deal. 2019 -- prime minister, provoked elections, got the agreement to the new deal. it was a good solution. at the base of this new

joining us from muscles -- brussels is maria tadeo. what is the truce the commission signed? ou mentioned it, and extra 9 million vaccines to be delivered to european countries. it will be done a week earlier than expected, but the key is in the detail. even when you take in the additional vaccines, astrazeneca, after a public confrontation with the european commission, have promised to put on the table, that takes it to 40 million vaccines, almost a 50% cut from the original amount european union was expecting. they were hoping for 80 million and before that, 100 million. you can see they have taken not just a cut, but a big, big cut. what is striking is this is a totally different tone the commission has taken. they are looking at this and presenting this as a win. why is this happening now? why would you change some -- tone so quickly? a lot goes back to the knee-jerk reaction friday, the european commission going from zero to 100, where it introduced limitations to export vaccines that late into friday evening, they are threatening to unleash a controversial clause in the

my colleague, maria tadeo, joins us from brussels. speaking to sviatlana tsikhanouskaya this afternoon. thank you very much, maria. maria: that's right, anna. we are joined by sviatlana tsikhanouskaya, the opposition to president lukashenko in belarus. you are joining us. you are there because you left your country, fearing prosecution. your husband is still in prison. four months we have seen the people of belarus take to the streets to protest lukashenko in very difficult conditions. i guess the obvious question at this point is, given that we have president biden coming in, europeans also becoming certainly in the language, tougher on russia. will it open up a window of opportunity to have an open election in belarus, which is what you are hoping to get? sviatlana: we really appreciate all the support we got from the u.s., and now we -- the position of president biden on the issue in question. we are sure his statement and his messages will be rather strong in the future, and we hope to meet biden in the future , after problems are

guy: joining us now for brussels, maria tadeo. the problems have been substantial, but are we moving on? maria: to some extent, i would say it is a very clear yes to that question. it is surprising because two weeks ago, we know will was under immense pressure. very open questions about her style and communicating. today, this was a much more relaxed -- i'm repeating again that some of the issues she repeats are not because of the commission. it does seem that the deal [indiscernible] it does seem there has been the general sense that there needs to be an end to the fighting between the different parliamentary groups and that ultimately -- is someone that had the backing of angela merkel. that still counts for a lot in europe, so it is time to move on. i would say this is a very different tone from two weeks ago. the situation has really comes down for von der leyen. alix: what does she .2 to make us think that that percentage is doable? maria: where is the commission getting that information, what makes them think the current rate

let's get to brussels with maria tadeo. this is the last thing that europe needs to hear right now. ccine delay. talk us through we were with the story. maria: to some extent, astrazeneca has been problematic for the european union. it's the saga that keeps on going. astrazeneca reportedly will cut deliveries from q2. 180 million doses, the original target, to just 90. almost a 50% cut. this is coming on the heels of another cut for q1 that lead for a very public spats between the commission and astrazeneca. it's interesting that the commission does not want to confirm the figures. they don't want to comment on specific contracts. production can change. they know that they still believe they can hit that target of uterine amenity -- herd immunity. this shows, this is the latest issue with the vaccine. the astrazeneca rollout has worked well in the u.k.. it has not worked well in the european union. there's a number of issues, not just distribution but also reputational damage to the vaccine. the questions that were raised about it over the population of six he five years old. there's

francine: maria tadeo in brussels with the very latest. still with us is kokou agbo-bloua.ok at the vaccination plan, and the longer-term term doesn't have an impact on how citizens view the european union, and is this going to play out in -- is it just noise at the moment that will be fixed when people have the vaccines? kokou: i think this is an excellent point. it is significant that the european union would get this right. to use a quote from a 1933 inaugural address -- from the inaugural address of franklin delano roosevelt, "there is nothing to fear but fear itself when you look at financial markets, it has acted as a bridge between -- bridging the gap between the short-term and the reality of the hardship and the end game. but there is always light at the end of the tunnel. it is important to make sure it is not an oncoming train, and if the vaccination process gets impaired, the credibility of the eurozone and the government and the confidence, the structure that it could entail could be quite dramatic for the economy. francine: what does it mean for the way markets

joining us is bloomberg's maria tadeo. walk us through what we know. a: to some extent, the statement that was made by an official in angela merkel's party who is part of the german government establishment, but this idea that germany is just going to circumvent the european union and start buying vaccines from china and russia, it is very hard to see in real terms. we look at everything from the start of the vaccination campaign until now. even if there have been many hiccups along the way, it is a pan-european effort. every country gets a quota. in the european commission needs to handle this because otherwise, there could be very real tensions between member states of the european union. it is a political choice to some extent. i would just treat this very carefully. when it comes to the russia vaccine, this is not the first person that said this. a number of voices has said vaccine has been proven to be effective. the russians have asked for permission for it to be used in the european union, and it will depend on the european regulator to say wheth

maria tadeo is our woman in brussels and tracks the moves from technocrats to politicians. t's talk about this lineup. maria: the lineup was announced friday at the close. mario draghi still has the banker mentality, but it is a very careful balancing act, not going to technocratic or political. 15 ministers are coming from a political background, eight from the private sector, the highlights daniele franco , will be the finance minister and when you look at the names, ministers who are closely tied to the recovery fund are coming from the external sector and that shows you mario draghi will be running a very tight operation on that front and it is curious and interesting that the european ministry job has now disappeared. some extent, it shows mr. europe will be draghi himself. he will be the man leading talks and negotiations with european institutions and brussels. annmarie: besides rome and the domestic politics, what is the draghi effect where you sit in brussels? maria: that is an interesting question because when you move away from the cliches, systemically, this is a

francine: let's get the latest from brussels with our reporter, maria tadeo. clear message from christine lagarde. the ecb is staying put. what ousted you have to say? -- what else did she have to say? maria: she said this is a recovery in which the european central bank very present. this idea that risk to the european economy is still veryc. she ated mutations is a big risk. for governments, we know that european governments are really concerned about mutations. they look at the u.k. and they see a perfect storm that could potentially happen here. she mentioned the vaccines. it's the end of the tunnel, that's her quote, but also said there is very little visibility as to what can be done. there was very little reference to the recovery fund. she said in 2020, monetary policy and fiscal policy came together in a way that was very effective for europe. she said we should try to do the same in 2021. francine: maria tadeo in brussels joining us with the very latest. coming up, as total of our france bucks the fourth quarter, we will focus on earnings. that conve

maria tadeo is my very special guest this morning. of the big questions in europe is, are we going to get a summer season? we have the good weather around the corner. you see that feed into a lot of stocks when you look at hotels, airlines. we are now joined by alex patelis, the chief economic advisor to the greek prime minister. i know that you have been pitching hard for this vaccination certificate. what is in it? i am a bit confused. is it a passport, is it a certificate? what are the logistics of it? alex: good morning to everybody and thank you so much for the invite. it is not a passport, it's a certificate. it will provide alternative ways to travel. if you don't have the certificate, obviously you can still come to greece, but it opened the country for tourism last summer. this summer, you can probably come with a negative pcr test, negative antigen test, something like that. if you have a vaccination certificate, let's get going, let's get some standardization so that people can use green lanes. annmarie: ok. would you make

let's get to bloomberg's maria tadeo who is standing by with a guest. to talk about italy. we are joined by carlo cottarelli. he is at universita cattolica del sacro cuore and is joining us from milan. when you look at the government that mario draghi has put forward, it is a hybrid. will it work? carlo: yes, draghi has a lot of support. he is very popular in italy at the moment. inevitably, this may not the government of the best but it is probably the best government you will get at the moment. maria: when you look at the finance minister who is joining from the central bank, she has a lot of experience. is that a name that you think is a good name? carlo: yes. she is probably the most experienced when it comes to public finances in italy. he has been working on fiscal issues for forever. he became the chief accountant. and he has always been involved in fiscal policy for italy. maria: when you look at the reaction from the market, we see that the market is excited about this idea of whatever it takes. ken draghi do whatever -- can draghi do whatever i

maria tadeo joins us. ng up in the sense that there are predictions of the progress that could be made, but is it enough to achieve herd immunity anytime soon? maria: what they say is that they believe they can get to herd immunity by the end of the summer. they mean september, but on that note if i can bring in reports from astrazeneca, there was a report making a headline, potentially a cut of deliveries from astrazeneca. the company put out a statement saying they want to hit the projections and are working do not under deliver. they want to give out 180 million doses in q2, that was in the contract with the european commission. many officials in brussels say when you look at the vaccines, they are having a big increase in the amount of doses from pfizer, and there is a new contract with moderna last week. and another hundred million doses for the johnson & johnson, which is a single shot. they believe they have enough capability. the question becomes can governments get that into citizens? is there a va

anna: that was michel barnier, the chief brexit negotiator speaking with maria tadeo.ck won't be hurried into granting u.k. financial firms free access to the block's single market, or freer access, known as equivalents. without clear decisions, amsterdam surpassed london as your's desk europe's -- europe's largest share center. joining us to discuss is bloomberg's dani burger. we learned about the equity trading numbers earlier this week. but how widespread is this problem for london? dani: it's not just equities, but equities is the eye-catching one, having amsterdam surpassed it. but it's also in things like the europe swap market. we've seen london share go from 40% in july to 10% in january. even things like the pound trading for sterling has grown higher on wall street. they have 23% of the share versus 20% in london. so, the trend is certainly headed that way, but it is important we take these numbers with a grain of salt. i was talking with an executive who said these numbers are just a snapshot in time and generally, traders will go wherever the liquidity live

for those details, we go to maria tadeo, who is in brussels with a guest. maria?ned now by giovanni sabatini, who is the general manager of the italian banking association. he is joining us from rome. when you look at italian banks, it is very clear that you are benefiting a lot from the draghi trade. what do you want to see from premier draghi now in politics to continue to benefit from that momentum? giovanni: good morning. good morning from rome. well, we expect that mario draghi will put pressure on the finalization of the italian recovery and resilience plan. we think that it is extremely important to recover trust. i think that markets have positively reacted to the appointment of mario draghi as the new italian prime minister. the btb spread is well below 90, lowest level in recent years. >> mario draghi was a former central banker. there has been this idea pushed by central banks that we need to see more consolidation to make the financial services industry better and more resilient. is that something you would agree, that from the italian perspective, the

let's get the latest from brussels and maria tadeo. i have to say it's been pretty ugly. mplication of an article at the getting northern ireland. where are we now in terms of a stance from the e.u.? maria: yes, and it's a good way to put it because is not just a change in tone, but a change in policy. astrazeneca said they will put on the table an extra 9 million doses. but if you look at the total combined doses, you are looking at millions coming into the european union, half of what they were expecting. they targeted 80 million vaccines. if you look at everything that's happened, and that reference to that clause that was almost triggered on friday, what could have been a big incident in the irish border, meant in the space of 40 hours, the european cup -- 48 hours, the european commission said they had to backtrack. it's causing tensions. they say this offer is a good step forward. it's worth highlighting this is a 50% cut. it's a number the european commission said was unacceptable. now they're happy to run along with this. there implications and ramifications stemmi

joining us now is maria tadeo. how much consensus is there around this passport?om being a very fragmented north-south conversation, there does to be more support from bigger countries in europe around this idea now. maria: yes. look, there is more consensus than frankly we were expecting going into the summit. there was a big difference of opinion between countries like germany and france, who did not look at the certificate as a priority. greece and spain clearly depend on the summer season and tourism saying that they do look at it as a priority. there is in fact more consensus than we were expecting. angela merkel is warming up to the idea that to some extent, good weather is around the corner, people are going to want to go on holiday. if you continue these restrictions and do not get people a break, that could also be a political problem. they argued that if the eu does not agree at an eu 27 level, there is going to be many different directions, bilateral deals. on that point, i spoke to the chief economic advisor to the greek prime minister, and he told me

joining us with the latest is bloomberg's maria tadeo. does von der leyen survive this? the boot because of this? maria: it is fair to say that this is a huge crisis for von der leyen. this is almost a perfect storm that is hitting the head of the european commission. you have the vaccine rollout, which at this point has been very criticized. you also have the fallout from the astrazeneca saga, and then you have all of the political implications that come with it. there has been a lot of speculation as to whether or not this means perhaps that bond or lien could be in the final days -- that bond or lien -- that bond or lien -- that von der leyen could be in the final days of the job. the fact that she has been unable to delegate, but also in the past few days, this idea that she has deflected response ability and actually blamed everyone else, the health commissioner, the trade commissioner for issues that fundamentally fall on her remit. again, pointing back to your question, she did do a series of interviews in the morning today where she said it is too early to judge

annmarie: michel barnier, the european union's chief brexit negotiator speaking with maria tadeo. block will be granting the firm's free access to the market. we have plenty more from that interview. great work and brussels. is over an hour away from the start of trading. yesterday, s&p 500 hit another all-time high. this morning, we are lower across the entire board, as you look at equity futures, nasdaq, s&p 500, alongside the dax and ftse 100. we do see a bid into the ex-wives morning, dollar strength -- xy this morning, dollar strength. the news of bny mellon, willing to hold, transfer,, and issue cryptocurrencies something we are going to be watching. this friday, we are seeing some of that momentum into the u.s. close. we also should remind you much of asia is closed, as we do have the lunar new year beginning. just over an hour away from the start of european equity trading, ftse 100 off by nearly .3% this morning alongside dax futures. stay with us. happy friday. anna and matt up next. this is bloomberg. ♪ [captioning performed by the national captioning institute, which i

s chief, michel barnier, said that he talked earlier with bloomberg's maria tadeo. >> of each party, on subjected to good negotiation. guy: allen, the governor of the bank of england was talking last night, that it would normally be the mansion have speech. he was talking about the fact that we face a challenge but that we should not deregulate to meet it. the london managers, asset managers here, should not see lower levels of regulation. would you agree with that? how does london fight back and find a decent position in the world that actually fits what most managers like you operating in the british capital would like to see? >> thank you very much for having me on, guy. the last time i looked, london was the number two financial center in the world, and i don't think we want to get too carried away with a shift in equity trading, which is always going to happen in january after brexit, and we know that the financial services would get very little help in the trade agreement that we hammered out with europe. i do think, however, that our real competitiveness -- our real competitor

joining us now to talk more about the he you will deal with that is maria tadeo. rning, we are joined by the french minister for transport. jean-baptiste djebbari is a pilot by training. when you look at the situation, i want to be specific. i know you said many times you look at this as a strategic asset for your country. we know you want to inject cash in the company, but the european commission is saying you have to give up slots at the airport. is that something air france should contemplate, to give up slots for money? jean-baptiste: good morning. we loaned about 10 billion last year to ensure the capability to survive at the peak time of the crisis. now we are in discussion with the commission to recapitalize. air france is losing about 10 million a day which is massive. at the same time, the company is getting -- is under a huge transformation, cutting 70% -- 17% of its workforce. we want fair competition, but what i am saying to the commi ssion, we did not regulate in the last 10 years on the aviation sector, and we have local carriers that are well-positio

let's talk about this right now with maria tadeo, our reporter in brussels. guest. maria? maria: let's talk about the european vaccination campaign. we are joined by manfred, the head of the people's party in the european parliament. thank you for joining us on bloomberg. you know, this week has been a difficult week for the european commission, for the management at the top of the commission. i do wonder, when you look at ursula, she still the right person to lead the effort? manfred: we are a team and we do all the steps together. we know europe is shouldering a huge responsibility about currencies, about vaccinations. there is criticism that has allowed the democrats he, -- democracy, and that mainly means increased production capacity. we need to create an alliance of pharmaceutical companies to increase production. maria: you make a good point there, but before we get to that, i want to insist about ursuline, is this chapter closed ? is this over in terms of the european people's party? manfred: she is part of my political family. i also see socialists, a

matt: thanks very much for that interview, maria tadeo.viewing the european trade commissioner. we will bring you stocks to watch. the munich-based insurer going to restore profit growth after the first drop in years. this is bloomberg. ♪ matt: welcome back to "bloomberg markets." this is the european open. looking at futures pointing a little higher for the continental indexes. ftse futures have done very little all morning. dani burger has stocks to watch and will kick it off with a very germanic bavarian company. >> allianz indeed. his pimco consider germanic? vowing to return to profit growth. they did have one of the first annual losses and about nine years. saint, we have abandoned our buyback program. it is not going to come back anytime soon. their dividends are unchanged. when it comes to the outlook specifically for credit, we spoke to the cfo who said there is not a crisis on its way. let's take a listen. >> i don't think we are going to see a credit crisis in the course of 2021. if we are going to see any credit event, it is go

joining us now is our reporter from brussels, maria tadeo as is alberto allemanno, professor at hec parisping to get a government together this week. we are joined by alberto. good morning. two things have caught my eye. including the five-star movement and its constellation saying we are open to it. how likely is this government? alberto: well, it is not a done deal. i think his support for the government caught other parties by surprise. the challenge for mr. draghi is how to make compatible courses. things have been very antagonistic. it will not be an easy task. maria: that is a good point. what he has to do is deal with the pandemic as well as the election results. how likely would you say it is this week that we will get that government? and it is interesting to see if we get a more political government or a technocrat government. alberto: at the moment, i think the possibility of building a technocratic government is more important than last week. draghi will need to identify very credible ministers in order to pull together a government that can actually bring forward the kinds of

maria tadeo joins us with an important guest. maria: yes, good morning.lk about when it comes to the outlook for the european economy. i am joined by erik nielsen, group chief economist / global head of cib research, unicredit bank maria: i am joined by paschal donohoe, minister of finance, republic of ireland. this caught my eye, you say stimulus too quickly is more riskier than doing it too late. that sounds like you are advocating to extend deficit rules for longer and keep stimulus on the table. is that what you will tell other finance ministers? paschal: that decision will be made by our colleagues in the european commission in due time. what you saw in our of europe route meeting was consensus among all ministers regarding the continued need to supporter economies. you mentioned the recent forecast from the commission in relation to performance of the euro area. it is worth noting in the final quarter of last year, we sorry economies perform better than we would have expected, and overall we had an out turn from last year that showed less decline th