poland joined the european union in 2004, and, now, just 16 years later, what we're seeing here is poland moving away from core european values. >> reporter: kasia bienkowska sported the symbol of the womes movement. so did emanuela zielinska. wo's a red lightning bolt to represenn's strike, as this slogan says. but the government claims its the insignia oadolf hitler's brutal s.s. corps. the women argue with placards like this that only kaczinski's government is being auoritarian by dictating control of their bodies. >> ( translated ): i feel terrible. i feel like someone ising mud at me. it shouldn't be like this in a ountry where i'm supposed feel free. i'm scared and disgusted with the governme. it's shameless what they do. it shouldn't be like this. >> reporter: poland's bitter divide was apparent in parliament as jaroslav kaczynski confronted his opponents. >> ( translated ): first of all, take off those s.s. signs. and secondly, all those demonstrations which you have ansupportestill take part in, all those demonstrations cost many people their lives. you have blood on your hands.

s brought protests to the floor of poland's parliament on tuesday chanting this is war. thousands of joined daily marches across the country in defiance of code 19 restrictions in the capital warsaw streets were blocked bringing traffic to a standstill. i am so sorry i need to fight for my daughter's future i cannot imagine not being there for it but. it follows last week's ruling by poland's constitutional court that abortions in all but a few cases are legal the move paves the way for the governing rightwing law and justice party to approve a fireable terminations even in cases of fetal defects and when there's no chance of survival outside the womb abortion will only be allowed in cases of rape incest or where there's a threat to the mother's life. joining us on the stand today we have demanded do you feel introduction to south koreans around the world to see. to see to well i'm a polish impi i'm part of the left coalition in the parliament you could see my colleagues say in the parliament protesting that. restrictions in the material just a few minutes before and. i'

in poland plant act of humility marked the beginning of a close friendship but that changed when the populist law and justice party rose to power in 2015. 70 years after. the war they say they want more than what they call empty gestures they want reparations from germany lawmakers in berlin have refused such demands many here dismissed it as an attempt by the polish nationalist government to score cheap political points by stirring up anti german resentment but some are more open to the idea how they differ like maybe germany did take the easy way out because our polish neighbors were so quick to accommodate us maybe it's not such a bad idea to talk about reparations just as we discussed erecting a memorial here in berlin the polish victims of the german occupation. 50 years on the relationship between germany and poland looks as bleak as the weather did on that fateful december day but an suggestion serves as a reminder that where there's a will there's a way. our chief political correspondent linda crane is with us hi melinda this image of the chancellor kneeling what made that mo

tell us how these issues with poland and hungary were resolved.aybe start by telling us what the issues were. >> well, what they opposed was one specific part of the budget. a new mechanism was introduced that would tie some funds to adherence to the rule of law. it's a way the eu was trying to findor a long time to stop the authoritarian drift happening specifically in hungary and poland, worrying signs and other countries as well. hungary and poland obviously didn't like this, and they did not have the power to veto this mechanism, but they do have the power to veto the budget as a whole because it requires unanimous approval. so they said take this mechanism out or we will not pass the entire budget. this is a seven year budget for the eu, passed every seven years, and that is why it requires unanimous approval. there was a lot of back-and-forth over this in the past month. in july, there was different understanding about what had been agreed. as the days got closer to the suit, they said if hungary and pola do not drop their veto, we have to g

in particular poland's economy very dependent on coal and poland wanted reassurances from the other countries that its economy would be protected they want to 2 things in particular they wanted a guaranteed access to european transition funds and they also wanted the reductions in carbon emissions to be linked to g.d.p. so that the poorer countries within the bloc would have to cut by less initially the european union negotiators around the table were reluctant to give that because it kind of ties the hands of the executive committee that will draw up the policies necessary to achieve this 55 percent target but in order to get a deal done they decided to go for it and they've got a unanimous decision and we are where we are which is i think good news it certainly has another bit of good news of course is that 1.8 trillion a year a budget was also passed and you mentioned paul in there they were another one of the holdouts when it came to passing that budget but they've managed to get it through haven't they. polars had a pretty good summit and it's been a busy summer with lots on th

there's huge corruption in poland, hungary, romania.f europe gives in now, it's a green light for other countries. alix: judy, where does this leave the climate initiative? the climate initiative, the real push? oh the climate initiative, -- oh, the climate initiative. it will be there. the point about planning -- plan b, they do not want to climateze the initiative especially if biden and the incoming administration in washington gets itself sorted out in january. they really have to see this through. you, judy. it was a pleasure talking to you. judy dempsey. thank you very much. this is bloomberg. ♪ ritika: it is time for the bloomberg business flash. i'm ritika gupta. apple is looking to outperform the intel chip, looking at a series of new mac processors for early next year. they are looking for successors to the m1 chip. ,f they live up to expectations they may outperform machines running intel chips. facebook will be facing state and federal antitrust lawsuits, being accused of sorting competition. this is being brought by the att

hungary in poland described this mechanism as political and slaves meant and radical.imitation of sovereignty there argued that the only purpose of this mechanism is to force them to bow to demand such as legalizing gay marriage or accepting migrants this is of course not the case here because the purpose of this mechanism is to make sure that you funds are not going to be misused but it's also true that poland and hungary have been under e.u. investigation for backsliding on democratic standards or all of law or fundamental rights so when the mechanism is in place they could be in trouble because if there are any bridges of the rule of law there are funds could be reduced with the qualified majority of e.u. governments ok now there is this last ditch effort for a compromise that seems possibly to be at hand will it work well we expect you leaders to approve this compromise because yesterday the u.n. ambassadors already talked about that and they seem to be quite positive front and center of this compromise promised that mechanism would only go into action after the eu

in 1970 west germany's chancellor at the time to the bronze traveled to communist poland to sign the agreement at the memorial for the warsaw ghetto uprising against the nazis brunt's went down on his knees as a mark of atonement for the 6000000 poles killed by germany's nazi regime during world war 2. faced with the abyss of german history in the burden of the millions who have been murdered i did what we humans do with words fail us. that's how willie planned to describe the moment that's come to be known as the genuflection of warsaw. it was an act of atonement for the sins of the nazis of the nearly half a 1000000 jews and present in the water ghetto most were killed in total nearly $6000000.00 poles perished today a plaque commemorates the historic gesture the square where it happened renamed in honor of the german chancellor half a century later the meaning of that moment still echoes throughout warsaw. he was begging for forgiveness it was a gesture to ask us to forgive the germans for everything they did to us during the war you know. in this was a person who broke certain to

germany and poland are marking the 50th anniversary of a historic agreement the treaty of warsaw was a cold war non-aggression pact that guarantee germany's acceptance of poland's post-war borders on the polish a capital representatives of the polish and german governments late greets at the memorial for the warsaw ghetto heroes to commemorate the event on the memorial is also the place where a former german chancellor it has stored gesture of humility with poland in 1970. west germany's chancellor at the time really but i want to travel to communist poland to sign the agreement at the memorial for the warsaw ghetto uprising against the nazis but i want went down on his knees as a mark of atonement for the 6000000 poles killed by germany's nazi regime during world war 2. faced with the abyss of german history and the burden of the millions who have been murdered i did what we humans do with words fail us. that's how we leaped on to describe the moment that's come to be known as the genuflection of warsaw. it was an act of atonement for the sins of the nazis of the nearly half a 10000

hungary and poland listing their veto over that stimulus package today.: the $2.2 trillion to millis package had been agreed -- stimulus package had been agreed to months ago. in the eu, it takes a long time to get people to agree. hungary and poland have agreed to a compromise, but then they will have another talk on thursday where the leaders will agree to it and we will see where it goes. amongy and poland were the big winners in the currency market today, reflecting optimism that this deal is finally getting approved. romaine: big movers. they finally saw dollar strength, up 1/10 of 1%. joining us now with more insight is global head of currency strategy to talk more about what we are seeing in the fx space. let's start with the dollar. for a while everyone was shorting the dollar. now there is talk more about a weakness. what do you see? >> i continue with dollar weakness. i am not one of these uber bears on the dollar. i think we remain in a cyclical downturn. the fed is ultra dovish. the u.s. economy is underperforming because we can't get the viru

in poland plant act of humility marked the beginning of a close friendship but that changed when the populist lore and justice party rose to power in 2015. 70 years after. the war they say they want more than what they call empty gestures they want reparations from germany lawmakers in berlin have refused such demands many here dismiss it as an attempt by the polish nationalist government to score cheap political points by stirring up anti german resentment but some are more open to the idea how maybe germany didn't take the easy way out because our polish neighbors were so quick to accommodate us maybe it's not such a bad idea to talk about reparations just as we discussed erecting a memorial here in berlin the polish victims of the german occupation. 50 years on the relationship between germany and poland looks as bleak as the weather did on that fateful december day but i'd suggest just serves as a reminder that where there's a will there's a way. the wrists well the day is almost done but the conversation continues on long you'll find us on twitter either at u.w. news or you can

hungary and poland have repeatedly been called out for rolling back democratic freedoms that had vowed to veto the entire budget and a crucial test for the e.u. to do what we must be determined very vigilant very committed but now it looks like a last ditch attempt by the german chancellor to resolve the issue has succeeded just in time for the new budget to kick in from next year with the current of our spending make far from over. our brussels bureau chief aleksandra phenomenon is covering the e.u. summit for us he joins us from our high aleksandra so why are hungary and poland so opposed to dismiss us and that links the e.u. funds to the rule of law. hungry in poland argued that this mechanism could be used for political reasons that it was just a pretext to force them to bow to demand such as legalizing gay marriage or accepting my gran's that's of course not the case here because the purpose of the mechanism is to make sure that the e.u. funds are not going to be misused but those countries were of course the word of the fact that they have been under investigation for backsliding

in poland plants act of humility marked the beginning of a close friendship but that changed when the populist law and justice party rose to power in 2015. 70 years after. the war they say they want more than what they call empty gestures they want reparations from germany lawmakers in berlin have refused such demands many here dismiss it as an attempt by the polish nationalist government to score cheap political points by stirring up anti german resentment but some are more open to the idea how many feel like maybe germany didn't take the easy way out because our polish neighbors were so quick to accommodate us maybe it's not such a bad idea to talk about reparations just as we discussed erecting a memorial here in berlin the polish me dims of the german occupation. 50 years on the relationship between germany and poland looks as bleak as the weather did on that fateful december day but i'd suggest just serves as a reminder that where there's a will there's a way. some more stories making headlines polls open in ghana for presidential and parliamentary elections the vote is expected

hungary and poland have repeatedly been called out for rolling back democratic freedoms and had vowedto veto the entire budget a crucial test for the e.u. to do for we must be determined very vigilant very committed but now it looks like a last ditch attempt by the german chancellor to resolve the issue has succeeded just in time for the new budget to kick in for next year with the current of our spend and make far from over. alexander the nominee is still with us so alexander can you tell us more about this last ditch effort by miracle is a compromise now in fact looking hopeful. well it depends i think it's important to stress that for germany it's very important to convince hungry in poland to drop their veto threat because it's really embarrassing for the european union not to be able to move forward with its badgett and with the coverage recovery fund money that it's badly needed by countries like spain and italy who were hardest hit by the pandemic so germany has presented this compromise a sort of legal declaration that should provide more clarity about the rule of law a mechan

well i hope that hungary and or poland or whoever is going to ask the court of justice to decide upon this because we need territory and then they can hide. behind any kind of propaganda or or whatever because then we have a verdict by the european which is just and it doesn't have to take us on this that we have seen a lot of the you could have just as can act very quickly it can set its own priorities and if it is. more advanced procedure the average is only 10 months and not 2 years so we will see but after that once this has all been been cleared. then of course we have a very efficient meccans i just want to drill down on this question you are a germany's former justice minister and so if poland were let's say tomorrow to the polish government to take a step that would then further erode judiciary independence in poland what could the european union do to combat that violation in the short term. well in the short term i mean if it if it if it is a step that actually influences the european budget and it has to be probably we will have to interpret that also it probably has to be

in poland plants act of humility marked the beginning of a close friendship but that changed when the populist lauren justice party rose to power in 2015. 70 years after. the war they say they want more than what they call empty gestures they want reparations from germany lawmakers in berlin have refused such demands many here dismiss it as an attempt by the polish nationalist government to score cheap political points by stirring up anti german resentment but some are more open to the idea how many feel like maybe germany did take the easy way out because our polish neighbors were so quick to accommodate us maybe it's not such a bad idea to talk about reparations just as we discussed erecting a memorial here in berlin the dems of the german occupation. 50 years on the relationship between germany and poland looks as bleak as the weather did on that fateful december day but i'd suggest just serves as a reminder that where there's a will there's a way. their wrists well the day is almost done but the conversation continues online you'll find us on twitter either in news or you can foll

in poland plant act of humility marked the beginning of a close friendship but that changed when the populist lore and justice party rose to power in 2015. 70 years after. the war they say they want more than what they call empty gestures they want reparations from germany lawmakers in berlin have refused such demands many here dismiss that as an attempt by the polish nationalist government to score cheap political points by stirring up anti german resentment but some are more open to the idea how many feel like maybe germany did take the easy way out because our polish neighbors were so quick to accommodate us maybe it's not such a bad idea to talk about reparations just as we discussed erecting a memorial here in berlin the polish victims of the german occupation. 50 years on the relationship between germany and poland looks as bleak as the weather did on that fateful december day but once gesture serves as a reminder that where there's a will there's a way. their wrists will the days almost done by the conversation it continues on long you'll find us on twitter news or you can fol

hungary and poland have repeatedly been called out for rolling back democratic freedoms that had vowed to veto the entire budget a crucial test for the e.u. to avoid we must be determined very vigilant very committed but now it looks like a last ditch attempt by the german chancellor to resolve the issue has succeeded just in time for the new budget to kick in for next year with the current of our spending make far from over. let's bring in our brussels bureau chief alexander van nominet now alexander why are hungry and poland so opposed to this mechanism linking e.u. money to rule of law. they described this mechanism political in slaves meant a radical radical limitation of sovereignty and they argued that it is only a pretext to force them to bow to demands such as legalizing gay marriage or accepting migrants but that is of course not the case here than mechanism and its purpose is to make sure that you funds are not going to be misused but it's also true that hungry and poland have been under a lot of criticism for backsliding on democratic stunned are it's the rule of law thought

so we're talking here about hungry poland and czech republic who are opposed to the plan saying that they would need to more help to clean up their economies and in particular it was poland blocking this compromise or the plan until the last minute today the polish prime minister said today that they are hoping to go to get more money from the modernisation fund and i would say that what helps weaken the momentum in the end was the agreement on the budget and the coronavirus with cauvery package because in large amounts of this package are meant to be spent to boost the economy and to help member states still struggling with their green transition. our brussels bureau chief alexander phenomena reporting for us thank you very much. well another breakthrough to come out of that brussels summit was an agreement on the e.u.'s $1.00 trillion euro budget it includes hundreds of billions in coronavirus relief on its member states poland and hungary initially blocked approval of this budget because it would have made it possible to stop payments to member countries that breach e.u. laws but

the german national teams next big goal is here a 2021 in poland. that's how meds focus to east part of the provisional squad. and. i actually want to play for my national team but sadly we don't have all but i also call this place home i've lived here for 5 years and i want to stay. when you have a goal you give everything and it's my aim to play of the euros with the national teams. you know i hope i can make it but you are. in december the competition is brought to hold the coronavirus pandemic team sports can only be played to a limited extent am i didn't see mine use their free time to stay fit. through years and years we are living in tough times coronavirus pandemic can still do something. we were able to play too much. we learned a lot because it was the 1st time we played with multiple teams. there are many teams just 3 if you are still our 1st tournament. i definitely learnt a lot for it or else we're not preparing for next year and i hope. when excel in the 4th book i disagree with the. siphon thing. spin. everything revolves around chris

poland and hungary have really gone out on a limb.hey are ready to come down but the others have to consent the compromise is palatable to them and in the end, there will be something to hold them to account if they continue breaking the rule of law of the european union. brent: barbara, as always, thank you. german chancellor angela merkel is known for being calm under pressure, a cerebral crisis manager. today, we saw a rare side of merkel. she delivered an impassioned plea for tougher restrictions to bring brown -- to bring down the high coronavirus numbers. the death toll hit a daily high of 590, or than 20,000 new infections were reported -- more than 20,000 new infections were reported. here is a very worried and moved merkel speaking today before parliament. >> angela merkel has spoken on parliament on countless occasions but this time was different. she framed the decisions facing germany as a matter of life and death. in one of the most impassioned speeches of her life. >> there 14 days to go until christmas. we half to give

maria: including poland and hungary? >> including poland and hungary.hinges on the other discussion going on about the financial framework and the recovery package, but i am quite sure if we can find a conclusion ofthose issues, the issue the commission target for 2013 -- for 2030 will be within reach of a positive conclusion. maria: you are optimistic we could get a dual agreement on the budget and the targets? frans: there are two issues that are essential. we have to make sure we have the money to invest in our society so people do not lose their jobs and companies do not go bust. there is a risk if europe does not have a budget and we do not have money for the recovery that this could happen. that is our top priority. when we have the money to invest , we have to make sure we invested in a sustainable economy. for that we need a -55 target for 2030. the disco issues are interlinked. alix: that was frans timmermans, european commission executive vice president speaking to maria tadeo. sharon bell of goldman sachs is still with us. you like u.k. stock

the german national teams next big goal is 02021 in poland. that's hammett's focused too he's part of the provisional squad. and for the english or minus you know myself i actually wanted to play for my national team but sadly we don't have his name but i also call this place home and i've lived here for 5 years and i want to stay. when you have a goal you give everything and it's my aim to play of the euros with the national team. and i hope i can make it. on the top of that. in december the competition is brought to hold you to the coronavirus pandemic team sports can only be played to a limited extent pam i didn't see man use their free time to stay fit. here then you're talking i know i'm really just a coronavirus pandemic who can still do something about what we were able to play to match days we learned a lot because it was the 1st time we played with multiple teams else the 20 year there aren't many teams just 3 but it was still our 1st tournament. i definitely learnt a lot and elsewhere now preparing for next year and i hope it will al

hungary in poland described this mechanism as political and slaves meant and radical.limitation of sovereignty there argued that the only purpose of this mechanism is to force them to bow to demand such as legalizing gay marriage or accepting migrants this is of course not the case here because the purpose of this mechanism is to make sure that you funds are not going to be misused but it's also true that poland and hungary have been under investigation for backsliding on democratic standards the rule of law or fundamental rights so when the mechanism is in place they could be in trouble because if there are any breach of the rule of law there are funds could be reduced with the qualified majority of e.u. governments ok now there is this last ditch effort for a compromise that seems possibly to be at hand will it work well we expect you leaders to approve this compromise because yesterday the u.s. ambassadors already talked about that and they seem to be quite positive front and center of this compromise promised mechanism would only go into action after the european c

winds from berlin tonight the 1.8 trillion euro budget for the european union that gets the go ahead poland and hungary have been blocking passage of the budget that now appears to be history the new spending plan also includes billions in coronavirus relief funds also coming up deadlier than ever germany sets a new record for daily coronavirus cases the head of germany's disease control agency raises the alarm is coded 1000 continues to spread despite a nationwide partial walk down and u.s. regulators are meeting to consider emergency approval for the buy on take funds or vaccine against the coronavirus as the country sees more than 3000 deaths in a single day plus what goes up must come down to space x. prototype star ship made it miles up into the air but the landing well it didn't go quite as well. to our viewers on p.b.s. in the united states and to all of you around the world welcome we begin tonight with a budget breakthrough european leaders in brussels say that they have come to an agreement on the e.u.'s 1.8 trillion. which includes hundreds of billions in coronavirus relief funds

think the liberal pressure from poland the hunger to dance with the company budget think again don't stop until the whole european union plays by their rules they sleaves the book just which includes vital covert recovery phones stuck between a rock and a hard place with the dutch going as far as to ask whether it can be pushed through without the consent of poland and hungary the netherlands along with the rest of the so-called frugal for denmark sweden and austria also refuse to budge saying the rule of law is not up for negotiation but warsaw budapest say they're not going to bow down to brussels on this issue which has the potential to drive a huge wedge between member states the sentiments of the hungary and polish governments a very different and they basically saying is that we're not prepared for example to accept the trans rights that are very sort of widespread in the western europe who are ourselves and i think what the european union oligarchies worried about is that a lot of people in their own countries also think like you do with that this hunger and polish government

reallyentives are not aligned for hungary and poland to collapse. there is the extreme scenario thee -- there is possibility of setting up an intergovernmental agreement whereby poland and hungary are excluded, but because they would lose out huge amounts of funding, there is a 10% of gdp, it is unlikely that we end up with that scenario and that they ultimately backed down. if you think about next year, this recovery fund money can be very positive for europe, especially for eastern europe. the order of magnitude is two to three times as big as the marshall plan in terms of the money that can go there. we are very positive on the eastern region as well. francine: what does that mean for currencies in eastern europe? is there a pair that looks attractive at the moment? , like: i think currencies czechoslovakia, poland, hungary, there is a very good mix. the revenue protection policies that were in place will make it very easy for germany to switch back on, so to speak, after the crisis wants the vaccine rolled out. -- once the vaccine is rolled out.

cultural values will also rise and become more powerful in countries like france or in poland germany thanks for joining us we're happy having a great day we're back in 30 minutes with the latest headlines. join me every thursday on the alex salmond show and i'll be speaking to guest of the world of politics or business i'm show business i'll see you then. music could see our little jack on the other losing our deeds which was about the indifference of the machine which. political mental image and the visage on the novelty of it as a young vision although i knew i was going to need to get it. from your book not as a good looking woman june as a company to the binding to you going to some of the funky. cars of the year thank you. tenny money and them for coming. in when i was. a little bit. he come. around and sat me. down at a. restaurant or charge him one of us will be up there to go about their own geologic they will die give us a medal for getting the opposite of what they were that i can t. get the money that i'm about to get will look bad was nothing i'm going to get them to meet

cultural values will also rise and become more powerful in countries like france or in poland germany many thanks for joining us on r.t. international this thursday we'll hope you have no wonderful stunts your day we'll be back in 30 minutes with the latest headlines with the. games become more restrained and which leads to right when this is like breaking norms not necessarily in a good way maybe. the. right is the strain is the reality is. it always be polite never engage with a negative a good or confrontational. don't get into any conversation or start answering questions just ask for an attorney. to survive and tara gauge. definitely don't want to be going to try to jump should one coach. you're more likely to walk free if you're rich and guilty or if you're poor and.

she still goes back to see them but says she never wants to live in poland again.avyweight titles with victory over the bulgarian kubrat pulev in a fight at wembley arena in london. joshua knocked pulev out in the ninth round. the bbc‘s tim allman watched the action. welcome to boxing in the age of coronavirus. a small crowd of 1000 people were allowed into london's wembley arena, with the now standard safety measures in place. even legendary floyd mayweather, a surprise guest for the evening, felt obliged to wear a face mask. but this is a sport that knows how to put on a show no matter what. flames and fireworks greeted the contenders. the bout that followed was not quite as spectacular. it was not exactly a walkover but it was rather one—sided joshua's speed and power always too much for his bulgarian opponent. several times he brought him to the canvas and, in the ninth round, pulev could not get up. another comprehensive display from the world champion. it was a composed and brutal performance, it was exactly what he needed going into 2021. he has not boxed fo

she still goes back to see them but says she never wants to live in poland again.s have turned violent. four people are in hospital in washington with stab wounds after clashes at rallies for and against president trump. police made at least twenty arrests as they tried to separate far—right supporters from left wing demonstrators and campaigners linked to black lives matter. david willis reports. tensions between black lives matter supporters and a right—wing group. please hear pepper spray. more than 20 people had been arrested and some treated for stab wounds. the rally had been called to support donald trump's unsubstantiated claims of voter fraud, intended as a show were forced to marry days before the electoral college meets two formally electjoe biden as president. it brought thousands onto the streets in support. we have a republic to save and a constitution to stand up for you cannot let individual states at lawless me in a land built on laws. the event had been planned for weeks. mr trump expressed his surprise on twitter and his delight. did not know abo

hungary and poland can now seek legal certainty.t the european court of justice, if you want will of law , contingency mechanism is really legal. secondly, they will get a legal declaration from councilmember states saying this will objectively be applied once the mechanism is in place. if you want a little bit of a political fight, it is coming but it is coming delayed. the member states that are affected can appeal at the european court of justice but what is essential for member states is the text itself. the new tool in the toolbox of the european council has not been touched. that remains fully in place. brent: it also means the problems the european union has, those problems have not gone away. does this mean that the coronavirus relief funds -- are they ready to go where they are needed most to italy and spain? >> that is right. these are the criteria that money is destined to go to countries that have been hard-hit by the coronavirus. that is italy and spain. it is mainly grants. the smaller part, loans. in order to get that

hard place with the going as far as to ask whether it can be pushed through without the consent of polandand hungary the netherlands along with the rest of the so-called frugal for denmark sweden and austria also refuse to budge saying the rule of law is not up for negotiation but warsaw and budapest say they are not going to bow down to brussels on this issue which has the potential to drive a huge wage between member states the sentiments of of the hungary and polish governments have made different and they basically saying is that we're not prepared for example to accept the trans rights that are very sort of widespread in the western europe. and acting with the european union oligarchies worried about is that a lot of people in their own countries also think like you do 'd with that this hunger and polish government saying and they would anybody here these governments getting away with and speaking in these terms then opposition to these. cultural values will also rise and become more powerful in countries like france or in poland and germany not sounding they're looking not to sticki

in coronavirus relief funds member states poland and hungary have blocked approval of the budget over plans to tie the money to conditions that require member states to respect the rule of law but a compromise brokered by germany which currently holds the e.u. presidency that compromise ended the deadlock after a tense few weeks the jovial atmosphere at today's summit suggested e.u. leaders knew what was to come. all eyes were on these 2 men the prime ministers of poland and hungary had threatened to veto the entire e.u. budget over plans to link funds to rule of law conditions today we feared that we might be. attacked in an unjustified way you're fighting for the victory of the. of the common sense both felt a lot was at stake and for the e.u. 1.8 trillion euros roughly one trillion for the next 7 year budget and a 750000000000 euro rescue fund to help breathe life into the e.u.'s virus had to come in. but just in time for dinner a compromise table by german chancellor angela merkel seemed to do the trick council president china shell announced on twitter that all 27 member states h

poland. thank youchristophe, so much for your time this morning.ing to the program when clients get the b-team, bluecrest has settled with the sec over allegations it is prioritizing hedge funds. that story is next. this is bloomberg. ♪ annmarie: this is daybreak europe. bluecrest capital, the investment firm led by mike platt, will return $170 million to its former investors. the settlement comes after the sec said bluecrest prioritized an internal hedge fund over its client money. here with the details is dani burger. a lot of noise. dani: these allegations them you have to 2015 so be exact about the timeframe. it was over that time that bluecrest started an internal hedge fund that managed the money of the billionaire founder mike platt as well as the external money which they stopped doing in 2015. the allegation surrounded the internal funds saying the details of it were kept away from clients, they misled clients. even so far as saying any traders they had to that outperformed or were doing really well, need were taken off the flagship fund a

is expected to get to 153000000000 euros spain almost 150000000000 europe's followed by france and poland and now their member states if they haven't done so before have to present their investment and reform plan so the you commission can approve then and then they will be given the money through grants and loans and italy for example has already said that they want to focus on women employment and they want to direct 60 percent of the money towards a green economy and 40 percent of the money towards digitalisation there are smiles all around no doubt especially when you talk about money you know and money being received but it wasn't all smooth sailing no you're right so actually did this questions are still going on how to tackle climate change this is apparently a very difficult issue the european union wants to be carbon neutral by 2050 and the european commission put forward and vicious goal of reducing emissions by 55 percent by the end of the next decade however not everyone is happy with that countries in the eastern europe like poland or bull gary are saying we are still coal de

gets the go ahead poland and hungary had been blocking passage of the budget drop the bitter dispute is now over the new spending plan also includes billions in coronavirus relief. and the head of germany's disease control agency ranks as the lobby as daily covidien fiction has reached a new record high is the country heading towards a taco lockdown. i'm jarid dream thank you for joining me we begin the show in the united states which is now on the verge of authorizing the country's very 1st coronavirus vaccine an expert panel made up of scientists and doctors has been scrutinizing the doctor from the biotech pfizer vaccine trials it has now issued an emergency authorize ation to the food and drug administration this is a may just stick towards a mass vaccination campaign. in the country regulators in britain and canada have already approved the bio and take pfizer vaccine for use in their countries let's go straight to washington now where our correspondent all of us sal it is standing by hi there all of us so you're an expert panel has endorsed this vaccine is that it does that mea

highly critical issues like covert recovery funds the new budget row is he single in brussels as poland and hungary refuse to agree to the spending commitments the european commission is running out of patience sign the agreement or take it to court says e.u. commission president. but if someone does have legal doubts there is a very clear path they can go to the european court of justice this is the place where we usually trash our differences of opinion regarding legal tests. and not at the expense of millions of europeans who are just partly waiting for our help because we are midst of a deep deep crisis the reason for the delay is rooted in an 8 year report published back in september that slammed poland and hungary for breaches of the rule of law and democratic standards this affects the budget because of the wording in the agreement in which brussels could withhold funding for nations not playing by e.u. rules warsaw and budapest accuse the you of allowing the majority to dictate terms to the rest a war that the future of the union due to brussels is policies. this is extremely da

wasn't the only story involves the 27 you used to stand over the 1.8 trillion euros budget poland in hungary had vowed to veto the entire budget. it was them against the rest of the. polish prime minister. and his home garion counterpart. both opposed to clause linking the release of you funds to the rule of law and we move on yeah we see a resounding no to all the mechanisms that punish children home and other member states of european union on an equal in. europe there is. a power move that put a lot at stake. specifically the carefully crafted 1.8 trillion europe package on the blocks future fine insists that includes a trillion euro e.u. budget for the next 70 years and they 750000000000 euro rescue fund to boost ailing european economies something vital for member states hit hardest by the pandemic like italy. hungary and poland have repeatedly been called out for rolling back democratic freedoms that had vowed to veto the entire budget a crucial test for the e.u. to do for we must be determined very vigilant very committed but now it looks like a last ditch attempt by the germa

leaders have been deadlocked over a major covert 19 recovery package poland and hungary have delayed in the signing off of the deal because they've taken issue with funds being tied to the rule of law but in the last few hours hungary's president hinted that a deal may happen. today we are fighting for the unity of our. common continent. and even what is more important not just the victory of the european union but we are fighting for the victory of the of the common sense because it's obvious that our nations and so many millions of people who are being real need because of pandit we can because of the economic consequences of that we have to behave reasonably and to find a way for reliable approaches and a victory for common sense to provide. pandemic house services to the people who are in need and to provide financial assistance for those conflicts who are really in need to have the people ok let's go back to paul in brussels there's no question i think between any government that this money is desperately needed but what does this latest step mean. basically you've got the multi

states like poland which is reliant on coal hole britain with more now from brussels. the e.u. would prioritize sorting out the 70 ad budgets and so they punted the negotiations over the climate deal into the evening and as a result it went way into the night in fact it was around 6 am when they finally decided to agree a deal largely because i know a magical the german chancellor of germany holding the presidency of the european council for this 6 month period said it would be a disaster if they couldn't come to an agreement on the eve of the 5th anniversary of the paris agreement now what basically happened is that poland fell into line polish the polish economy is heavily reliant on coal some 3 quarters of the electricity generated in poland is from burning coal and the industry employs around 100000 strongly unionized workers so i'm hearing that the polish prime minister said look you've got to give me a deal to protect our economy otherwise i'm going to lose my job when i go back to warsaw although shell michel the president of the european council didn't say what kind wha

should be voted on next week it focuses on germany but it doesn't actually mention anything about poland by name so all we know based on this act would be that the united states would have to present a strategic rationale to congress and would have to wait 4 months before making any changes now any significant changes in the consolidation of facilities and headquarters is a huge undertaking and in your piece setting this up made that clear it would cost a lot of money it would take time it would require political and other kinds of permission so you know this doesn't in danger the change in american presence in poland it might make it a little slower to be realized but but it doesn't stop the united states from carrying out the changes in poland which really would have meant adding about a 1000 troops or so to the existing number that the united states already has there that can still happen ok and interestingly president trump has already threatened to veto the andy doubling but not because of the u.s. troops in germany but because of dead confederate generals and social media so just b

if poland and hungary are not supporting this, we have to go for a plan b.der how to spend the money. we have to guarantee this money -- it is not only about the national budgets -- the money must be spent for real future investments to give the young generation a good perspective. it must be linked to concrete reform programs. i want to see solidarity in europe but responsibility on a national level. you have to do your homework as well. that is targeted to the socialist countries in spain, the european money is compensating the national budget. ask, when youto look at the politics, many critics say the reason we are in this position is because the -- it has not been tough enough on totor orban, you probablyou alm be a problem child. you need to ditch him now. manfred: we have already excluded epp, half, because they have no voting rights or member in any institution. they have no say at all anymore. that is one important step. i voted in favor in parliament to start a former procedure against hungary. when it is about rule of law and independence of judici