peel could join us today from chatham house. an important discussion and set of discussions. the bloomberg new economy forum this year in beijing. with bankers in attendance, including mr solomon of goldman sachs. -- david solomon of goldman sachs. this is bloomberg. ♪ tom: off the radar. they are not. they are sweden, separate from oxford and madame lagarde. have spoken many times before, always an original central bank with their own set of values and their wonderful history under crisis. making comments here on stability. i believe we will have some of that discussion with bill dudley, former new york fed president, in the 6:00 hour. greater europe, jordan rochester still with us, and we are thrilled to bring you quentin peel. for decades with "the financial times," now holding court at chatham house as well. 2020, it is a continued euro experiment. we talk about banking union and we talk about these good feelings, but mostly, i don't see much trust, internal trust, country to country. what does the peel trust meter look like right now for europe? quentin: we are in a very strange period of drift, i think. it is partly angela merkel on her way out. this is the perio