and the eu. not just the european experience of world war ii and the desire to do away with conflicts between european nations. i would like to mention a central factor in this different, one that i delved deeply into in my book. this is the religious difference between the u.s. and the eu. the u.s. is the most christian of the modern developed societies of the world. the eu comis largely secular. the u.s. government is based on a sober, very christian view of human nature and thus of government. this is the whole reason for the separation of power and checks and balances in the u.s. constitution. it's striking to me how deeply indebted to yi ed ted to christ implicit in the federalist papers is. regardless whether they were believing or not. hamilton, madison and jay accepted that human beings while capable of great good were also flaw and limited. sinful as christians would put it. therefore, the power of human government will to be limited and separated into multiple centers so that the flawed

caused by the eu. it was mentioned previously by mr. rohac. so it was the u.s. supreme court that imposed same-sex marriage. not the european court of justice. there are trends across the modern world that i don't think really map onto the eu way of looking at the world. or the u.s. way of looking at the world. that is first thing i want to say. the second thing is, the subtitle of this book is "the new totalitarian temptation." i agree with mr. rohac. i think, i don't like the eu. i think it is creepy. [laughter] i think the net effect on europe, they are probably a little worse off. they are sure not better off. but totalitarian, it is not a word that fits the people in brussels. they were spitting out all these regulations. the central problem of the eu is not that it is sinister, but it is silly. they have a fantasy that all the countries could be yolked together and of course they cannot be yolked together. they don't have a common policy. the characteristic problem is that it is weak. you see this

how did the eu come about? that brings us to the second topic, the transatlantic clash of visions between the u.s. and eu. , but a complex topic americans must understand that the eu and u.s. have different versions of the world. world's vision of the of sovereign nations. the u.s. hopes to achieve a more peaceful and prosperous world by promoting democracy and the rule of law so the system is distinguished by democratically accountable governments accountable to their citizens that cooperate peacefully. the eu's vision is of a post-nationstate world in which war and conflicts are overcome because the full sovereignty of nationstate is relinquished to global governance based on a web of international organizations and a body of international law. even though the western and central european countries remain the most important ally to the u.s., i want to emphasize that europe is our most important ally, the clash of vision puts the eu and u.s. on a in principle if not always in practice. ani-americanism is inevit

and the eu. matches the european experts of world war ii and the desire to do away with conflict between european nations. i would like to mention a central factor in this difference, one that i've delved deeply into in my book. this is the religious difference between the u.s. and eu. the u.s. is the most judeo-christian of the modern developed societies of the world. the eu by contrast is largely secular. the u.s. system of government is based on a very sober, very judeo-christian view of human nature and thus the government. this is the whole reason for the separation of powers in the checks and balances foreseen in the u.s. constitution. it is striking to me how into the editor to christianity, for example, the anthropology, implicit in the federalist papers is. regardless of whether the authors were those believing christians or not. hamilton, madison and john jay accepted that human beings will capable of great good were also flawed and limited. sinful as christians would put it. therefore,

in the eu policy process. by the way, i was commissioner when the issue of the euro was put to the u.k. i never spent one word to try and convince the u.k. to join the euro. now i think is a completely different story. what i said to my then british started a was, if you crusade, a proactive crusade in europe, by asking that the single markets be really taken seriously with the same instruments of enforcement that competition policy has, quick enforcement rather than taking three or four years for infringement procedure finally to be able to remove an obstacle created by member states, if you toe two or three conditions have a more open and competitive, broad single market, including for the digital professions, for services in general, you would put in great difficulty france, , theme difficulty germany lands which are closer to a social market economy, but you would enthusiasm in northern europe, central and eastern europe, and you would be the winner of this transformation of the european union, exactly like

economy if it was to leave the eu. what would be the effect on the rest of the eu if the u.k.eave? preliminaryssions assessment is that economically and in many other aspects come it is much more beneficial for both the u.k. and the rest of the eu that the u.k. stays in the eu and that is our main message and scenario we are working on. guy: we sell president obama, and visit the u.k. and he made it clear that he felt that was the case as well. he seems to have had some effect on the british view. do you think we need to see more european politicians making the same case? in theirt would happen minds if the exit vote was to take place and be successful? of the was the president united states here and not european leaders? >> we cannot talk on behalf of of heads of state and government of different eu member states but i think this message is coming across from all sides in the eu that indeed it makes much more sense for the u.k. to state in the eu. and it would be a negative signal to the u.k. also economically a negative development and also a negative signal for the eu as a

the period before, we've your relationship with the eu. the period before we negotiated 15 new trade agreements. when the governor of the bank of england is telling us that there would be volatility in the foreign exchange markets, this would have a detrimental impact on foreign direct investment, on investment in the british economy, particularly in the tradable goods sector, and on household consumption. now if you could just look beyond the city of london, in the northeast we have 140,000 manufacturing jobs dependent on exports to the eu. and nissan and hitachi, the two biggest direct foreign investors, have both said they would not invest more in the event of brexit. do you think, therefore, it is responsible to dismiss as airy-fairy these concerns about uncertainty and the impact on investment? >> actually, you're wrong about nissan. they've changed their tune since the euro -- >> i'm not wrong. >> as far as i can remember, nissan said they would continue to invest irrespective. >> no, nissan have not said that. what nissan have said i

outside the eu, that would be something that travelers in the eu would probably lose. ne: thank you so much, ian bond, director of foreign policy at the center for european reform. europe's stocks are getting a boost from health care and oil companies. we bring you the markets, coming up next. ♪ francine: let's get straight to the bloomberg business flash with nejra cehic. dippedsamsung serres this morning despite better-than-expected first-quarter profits. the is a release of the galaxy gave it a head start an apple and chinese rivals. estimated sales hit 9 million units, triple those of the s6 last year. to divest more than $6 billion of assets according to people with knowledge of the matter. l pushess come as del ahead with the largest takeover. suzuki plans to step down. directors voted down proposed personnel changes to the company's core convenience store unit. that comes after activist investor download warned the nepotism.st that is your bloomberg business flash. francine? francine: thank you so much. let's head to the bloomberg with mark barton for your asset

we've compared nato to the eu. in one sense, sovereignty with nato, because we could go to war to defend another country. but we know the downside, we know what our commitments are. is there a fundamental difference between nato and the eu, it is an open-ended possible sacrifice of sovereignty. concession that the prime minister gained, the so-called red card, means that we have to gain support from 14 other countries before we can say no to a piece of unwanted tax directed or regulation. it is like a football referee stopping the match, issuing a red card to a player, but before it can actually take effect you have to go around and consult 14 other officials by which time the game is probably over. it is nonsense. that's the fundamental difference. it is open ended sovereignty that is at stake here and we cannot stop the erosion of that sovereignty. >> well, malcolm made the point that the nato alliance has joint operations, has joint forces. and he was making the point in comparison with the foreign policy agreeme

throwing a shadow over the eu referendum campaign. chor: a few days ago the icelandic prime minister, who had nothing -- had done nothing wrong legally, reside over some of these revelations. so it raises the question, how dangngrobert: i don't think it t dangerous. he, after all, got rid of these shares before he became prime minister, so in a sense he's seen what the danger wasan done sosososososososososososososososh times in britain because of the eu referendum campaign, any bit of mud that can be thrown at him will stick. that is not good. he has never denied coming from a wealthy background, having a privileged education and all the rest of it. that's how the cartoonists portray him, as being a rich boy, and this doesn't look good. but it's going to be hard to make it stick to the point where he has to resign or anything like that. anchor: all right. robert green, reporting from london. thank yofollowing those revelatn the panama papers, the european commission now once -- wants member states to put together a joint blacklist of t

does leave the eu. so they say, for example, that we'll cut our own trade deals with the united states. so they're voicing an opinion about what the united states is going to do. i figured you might want to hear from the president of the united states what i think the united states is going to do. and on that matter, for example, i think it's fair to say that maybe some point down the line, there might be a uk/u.s. trade agreement but it's not going to happen anytime soon because our focus is in negotiating with a big block of the european union to get a trade agreement done. and u.k. is going to be in the back of the queue. not because we don't have a special relationship, but because given the heavy lift on any trade agreement, us having access to a big market with a lot of countries rather than trying to do piecemeal trade agreements is hugely inefficient. now to the subject at hand, obviously, the united states is in a different hemisphere, a different circumstance, a different set of relationships w

that is the eu trade negotiation was take priority for the united states. that may be an indication of how the united states would view a post eu-uk. it may play badly among some of those in the uk who support that effort to leave the eu as they've been very resentful so far of the president weighing in on this debate. also interesting here, david cameron was offered an opportunity to weigh in on u.s. politics and donald trump in particular. he said he's not going to add or subtract to his previous comments on donald trump. he has been critical of donald trump's proposed ban on muslims coming to the united states saying that would not be a helpful thing. so cameron not taking the opportunity there. but with a wink and a nod, referring reporters back to the earlier comments. >> it's a rare and somewhat risky move some are saying today for the president to sort of weigh into this debate. he pendz the op-ed in the telegraph we have here followed by the mayor of london boris johnson with a pretty stern rebuttal to it. >> yeah, boris johnson generating a lot of

they have got to get that cleared by the eu. the steel industry is generally viewed as a legal within the eu. francine: that brings us full circle. thank you for staying us for the hour. stay with bloomberg. we have plenty coming your way. tom keene joins me from new york. we have some great guests coming up. we will be speaking to nouriel roubini and the former imf chief economist. all of that coming up in the next two hours. ♪ ♪ >> your pain stocks again. while commodities we can for the first time in six days. the yen isay's move, bracing for to go past 105. how -- what can the government do to stem the longer-term rally? they were cameron admits he owns shares in an offshore fund we saw brexit and global risks. this is bloomberg surveillance. i'm friends a lot but in london with tom keene in new york.

the difference with the eu is that it's open-ended. you accept possible loss of sovereignty. holds sway over your government. and that is the fundamental difference. you don't know what's coming . up.. if you can't say no or stop in the unwanted taxes, directives or regulations, and at the moment we can't without leaving the eu, then we are -- that is why in many respects the sovereignty has been over a period of many years. that's the fundamental difference. >> nato was made to prevent russia from taking over the european union. it's become twiet different from the original organization. your second point, i would argue that essentially membership of the european union as currently composed, a member state controls pushing top 90% of its tax agent. you don't control the contribution, you don't control the customs union elements. but you control the top 90s of your taxation. i think that's a very powerful, relevant exercise of sovereignty for a country with the european union. >> can i move on, if you don't mind. i appreciate your brevity of the answers on this. do you accept

dutch voters have overwhelmingly rejected a treaty to boost trade between the eu and ukraine. treaty had already been signed by the government and has been approved by all other european union nations as well as ukraine. it is a nonbinding referendum seen as more of a gauge of .ublic opinion toward the eu >> the turnout was 32%. one third of dutch voters. 61% against and only 38% in favor. only one third of the dutch turned out to vote, that 61% is a very resounding no. there's a lot of speculation here that many in the yes camp the thresholdping of the referendum would not be reached because then the government would not do anything. the next few days, they will be thinking about what this means, what does this say about turnout. we had to london where we focus on that mecca of men's fashion, one of the finest places the world to shop to men's suits. change is coming. in the form of the first female tailor. >> it has been a man's world on savile row until now. it is the first female owned boutique on the iconic london street. >> i feel quite proud of my achievement, 20 years i

of the personnel promised by eu member states. each migrant is being accompanied by an officer for security reasons. they say the procedure to place in an orderly fashion and migrants willingly left. they are migrants who don't ask for asylum and i think that was the majority who left today. and there are those who ask for asylum and their claim can be admitted or not. that's a much longer procedure. >> those being sent back are among the over 5000 have derived -- have arrived in lesbos since -- syrianwill accept one making an asylum claim from turkey. before marchrived 20 are still on the greek mainland stuck in makeshift neighborsr greece's closed their borders and shut off the balkans. natalie is covering this story from the port on the great island of lesbos. talk us through what happened this morning. it was a very peaceful and calm morning here. authorities were fearing for the worst. what we saw a right behind me ferries which were slowly being loaded up. the spokesperson we talked to said they were mainly bangladeshi and pa

the european union. as i wrote today, i don't believe eu moderates influence in the world, it magnifies us. eu helps us to spread british values and the single market brings extraordinary economic benefit to the yuunited kingdom. that ends up being good for america. we are more prosperous when one of our best friends or allies have a strong, stable growing economy. americans want britain influence to grow including within europe. the fact is in today's world, no nation is immuned to the challenges that david and i just discussed. in today's world solving them requires a collective action. all of our cherish our sovereignty. my country is pretty vocal about that. the u.s. also recognizes that we strengthen our security and our relationships through nato. i believe the uk strengthens our security and prosperity in the eu. the nation that made their nations felt on the world's stage are not the nations that go alone. the nations team up and multiple their influence. we want to make sure that influence is heard. that it is felt. that it influences other countries to think about critical issues.

by virtue of the fact that london is part of the eu. e are very keen that the vote goes the right way. be waitingd obama into the political fire? could goendum debate against him. >> that is always a risk that i would say that the united states is our most loyal friend in terms of the u.k. have a big trading relationship with the united states. in lloyds k's, 40% of our businesses in the united states. we are the number one provider of specialty insurance in the state which is unusual for an overseas operation in a domestic market. the u.s. is an important relationship. president obama is quite entitled to say what he believes is in the best interest of the world and the united states and the united kingdom. that is something which i think is perfectly ok. over and above that, when you go around the world, you hear other political leaders saying the same thing. i have not yet heard a single visit in the countries i other than being bewildered by the fact that we might leave the eu. mark: great to see you and please come back before and a

the eu, warts and all, has proved itself to be a crucial international framework to do that." nderlined the fact that there are greater protections of workers rights, environmental standards, and consumer safeguards as a result of the u.k. belonging to the eu. that's why he believes that british voters should vote to june 23. the eu on catherine n.: moving across to nigeria, where hundreds of people have marched today to call on authorities to find more than 200 schoolgirls kidnapped by boko haram. the militants reportedly released a video showing proof of life of some of those taken two years ago from a school in chibok. of girls are among thousands people taken hostage over the last six years by boko haram. they were the subject of the #bringbackourgirls campaign. more on the latest development. reporter: the first proof of life video. after two years of captivity and nowhere from the schoolgirls. these images are thought to have been taken back in december. they show 15 young women in head to toe veils. all hostages of boko haram. the nigerian terrorist group objected to hun

the deal to grenade's telecom operator may be vetoed by the eu. ople familiar with the matter say its bid may be blocked within weeks. they remain unconvinced that they could create enough competition. they want the companies to sell part of their network infrastructure to a new rival. verizon is the leading suitor for yahoo! after a numbered decided not to make a bid. meanwhile, horizon and it's a low unit are working with three financial advisors on he did that would thinld include yahoo! japan. francine: thank you. is not thete pain only problem according to the swiss national bank, speaking at the imf meeting in washington. he reiterated the central banks willingness to intervene, even as he outlined and acknowledged the pain it was causing to pension funds. >> for pension funds and life insurance, it is a difficult is not a, but it question because of the negative interest rate per say. it is a question of very low interest rates in the local this is not only switzerland it is everybody in the eurozone and u.s. so for life insurance and pensio

if we leave to leave the eu, after the referendum?stair: we don't know exactly what they will do but it is likely that they would sell because they are holding them for the purpose of meeting this requirement. so they can meet global regulatory standards. and you imagine they would just dump them and try to replace them. mark: this market has been strict anyway. the repetition has been battered and how much has it shrunk russian mark alastair: since 2007, about 40%. so quite a significant contraction. the story from the fx, the security story was that it bloomed before the security crisis and then the name becam tarnished and regulators have penalized it and try to shut the market down and there have been a few attempts to revive it such as mario draghi's purchase program but there has been little fruit from that. mark: -- the labor candidate running spoke about the upcoming referendum on the eu. >> if we turn our back to the european union's 500 million customers, they are walking away from a market with so many jobs in london at the

and the eu. brazilian congressional report has decided that proceedings rousseffresident dilma should move forward. they found evidence toward the claims against her that she tried to hide the size of the budget deficit. her supporters call the campaign against her and attempted coup. record,ry has set a becoming the most traveled secretary of state in history. his trip to bahrain yesterday takes a total mileage to 1.0 6 million, 1000 more than condoleezza rice managed under president bush. with 10 months of the obama administration left to go, kerry shows no signs of letting up and will be in japan later this week. hillary clinton visited 112 countries, kerry has only managed 81. global news 24 hours a day powered by our 2400 journalists around the world. you can find more stories on the bloomberg at top . manus: yvonne man is standing by. we're waiting for that real reading in terms of what was going on in china. everything i see has gotten the key portion in asia has had a bit of a rally. t

as a part of the united eu. s hoping that his relative popularity here in the u k will get some of those undecided voters to get off the fence and vote tuesday. words frome said, the white house, suggesting that he is going to tackle this subject when asked on this trip. and yet, he got ahead of that -ed in theitorial, op telegraph. how strongly is he weighing in on the brexit? debate a strong intervention? >> he is not sort of tipping on the issue here, he really wants to let his opinion be known. he is in his last year of his presidency, use the have as many risks as someone who have to face reelection. so he is expecting to weigh in even more definitively when he is asked at a press conference about today. he got straight into it, as soon as he was landing air force one. there was this telegraph op-ed in the same time. he deftly wants his opinion to be known and make an impact. anna: is there any downsides of any risks to getting involved? >> most people back in america are focused on the campaign we have goin

we have a special status in the eu and that gives us the best of both worlds.nfluence over the single market without the obligations, membership of the euro and open borders would bring. betty: according to a poll conducted online, people are pretty split. 40% of voters want to remain in the eu. 39% want to leave and there is 21%, 1/5 of voters, who basically just don't know yet. they have to know before the vote. anyone interested in how the decision is evolving can go to brex. the fortune enables you to monitor the latest news polls, and indicators relative to the referendum. more bloomberg markets, coming up. mark: you are watching bloomberg markets. i mark barton in london. betty: i'm betty liu in new york. it is time for the bloomberg business flash. a victory for google in the supreme court. justices rule google can proceed with efforts to create a searchable library of the world books. they turned away an appeal from authors who said copyrights were being violated. five years ago amazon begin will be streaming as a way to retain customers. now it has gro

strengthens our collective prosperity throughout the eu. the nations that make their presence felt on the world stage in the 20th century are not the nations that go away alone but the nations that team up to aggregate their power and multiply their influence. and precisely because britain's values and institutions are so strong and sound, we want to make sure that that influence is heard. is felt. influences how other countries think about critical issues. we have confidence that when the u.k. is involved in a problem, they will help solve it in the right way. that is why the united states cares about this. for centuries, europe was mark war.r -- marked by the architecture of our countries helped build with the eu has provided the foundation for decades of relative peace and prosperity on that continent. what a remarkable legacy. part by borne out in what happened in this building. before i walked out, i saw enigma on display. of thes a reminder incredible innovation and collaboration of the allies in world war ii, and the fact that neither

that is not the way it is in the eu, and that is the way it should be. the master treaty which led to the euro was ratified in a countries,by many including france. we don't have amn eu constitution. it is not as formal i don't think it was done without the validation of voters. should notent is it be 50.1%, it should be a super majority for such fundamental changes occurring steadily and surely in the eu. position of the american presidents -- >> that is an incredibly good point. you use the word "delusional." i would not say that ronald reagan and george h.w. bush and bill clinton were delusional. that, inust say foreign policy, what happens is -- it madeo a habit a lot of sense at the beginning, right after world war ii, the u.s. was central to the launching of the european integration because we were tired of young men dying in european battlefields. unfortunately, when you've had a very busy foreign-policy establishment and very busy president, certain things become basic myths that everybody takes for granted, basic foundations. unfortunately, that

but the eu made a complete mess of that. ember eu external foreign affairs spokesman talking about the balkans crisis. he said this is europe's hour. not america's hour. what happened? america had to come in and clear up the mess that was left by europe. carolyn: hold on. i want to pick up on this point of economic shock. and link it to the point about young people. this point about there being a shock if we were to leave, that is almost consensus on that. even gerald lyons confirms that. and the other thing about young people, i couldn't agree more. i have three of them. i know what they think and what they care about. they are confident about the future within the european union. it is not just jobs. this is a generation that went through the financial crash, saw this out of university and school, and are we really going to do it again? are we really going to inflict another downturn, another short-term recession for this unproven trade deal that we have no idea what they might look like. francine: we are running out of tim

david: they also believe that britain inside the eu will take you much further and develop the eu to igher level, and make it a much more competitive .lock within the global economy and probably a more competitive block than the two powers working separately. of: what about the impact dealing less with reform and what would happen in or out, what about the actual impact of britain leaving? david: they see it as a direct negative impact on their business. we did not ask them to quantify it. i think it is very difficult to put statistics on it but they very much believe there is going to be a significant negative impact on their business going forward. it ishe 7.1% that say better for the u.k. to withdraw from the eu, what is their rationale? able to am not really say that, one, because we did not ask them for their rationale. we just wanted to pull their members and garner their opinions, and present that back to us. to be frank, i have not got that answer. i did not ask them either. guy: i am just curious to know what the argument on the flipside is. just more broadly, when you talk t

the report comes as the nation debates whether to leave the eu. we look at what it could mean for the u.k. economy. mark:-- betty: lloyd blankfein with oh-fer -- worst first quarter during his tenure. can they rebounded -- with a closer look. mark: we looked the market for renewable energy. efg-hermes buys a major stake in a wind farmport lio in europe. we will talk with the cohead of private equity, karim moussa. betty: from bloomberg world headquarters in new york, it is 90 minutes into the trading session. let's head back to the markets desk. julie hyman has the latest. we are trying to climb back from the lowes of our session here. julie: indeed, those stocks are not doing much directionally today. all three major averages are little changed at the moment. -- 2100,ve 2100 18,000 and 18,000 on the dow and the s&p respectively. consumer staples are the worst performing groups, in part because of those numbers by coke driving down chairs. i want to check on oil prices now that we have a half hour between us and the weekly inventory prices. it is n

with asset from the netherlands, the government cannot benefit fully with the eu. they have led the government's yes campaign. he told me why a yes rote is so important. >> we have the support of the ukraine, the ukraine an people, fighting for liberty, with economic prosperity. and it's in the interest of the citizens. >> we need stability, we are a trade nation, and it's very good for an up cupping market there. >> this referendum is happening because of a petition by 4,000 people. it's supported by prominent politicians, such as the far right. he opposes the ukraine treaty on sceptic grounds, but this man, jan, he and his group succeeded in getting the referendum called. he said it's a democratic deficit. >> you have to listen to your open people. we can talk about a democracy in ukraine, but in this country, it's not that good at all. >> any help in kiev hope that the ratification process is not derailed. the demands were for european immigration, this treaty would provide some of that, but full immigration is still daint. how the dutch vote is being watched acr

the eu. it's called a brexit. and he warns there are consequences to consider. barack obama was very blunt saying britain would be, quote, at the back of the queue, if for the trades deal if it leaves the eu. in a few hours, president obama will speak at a town hall there to talk about the importance of the uk relationship. indeed it's been considered a very special relationship between these two nations. we are live in london, cnn's athena jones is there following developments. as a president, he should offer an opinion but there are those who say he should quite frankly butt out. >> reporter: that's true. those in the campaign say the president of the use is meddling in the affairs of the united kingdom. something they wouldn't allow others to do. and the u.s. wouldn't allow, for instance, totally open borders as the case in the european union. you heard there mentioned ted top, the brexit issue, the issue of the uk leaving the eu dominated with prime minister david cameron. the president al

i'm not one that says everything the eu does is bad. eacon for countries who are under soviet tyranny, i think that was very important. but i do not believe that the european union understood the consequences of the new world that was on the other side of that. i do not believe we have a reformed eu, and i think it is an unreformable eu, because those at the center do not want it to be reformed. i also believe there are more risks to the united kingdom for remaining in the eu than in leaving. in particular, i think that the unfinished business by the completion of monetary union poses big risks to the uk. and if there are risks before the prime minister's renegotiation, they're bigger now, because we have given up the power of veto when it comes to that process and what might happen in the euro zone. that is like being in a very modern driverless car, but this one not attached to google. and the security risks that will come, as many came into europe, if we have the unlimited free movement and people that we have at the present time. i a

another reason is that the eu now needs to be process the asylum requests. and what we also understand is the eu is waiting for reassurances from turkey that the political commitment that they made are now many enforced. >> zeina khodr reporting from the greek island of lesbos. the threat of being sent back to turkey is not stopping the attempt to make it to greece, one attempt at crossing to the turkish coast. harry fawcett reports. >> reporter: you hear it before you see it, anxiety, exhaustion, desperation. so many children have drown making this journey yet more still come. even if this is one of the rare life jackets that actually floats, it's of no use to the tiny body inside. others make do with rubber tubes. even then, not everybody's wearing them. these are iraqi families who probably paid hundreds of dollars a head for passage to the greek island of lesbos but the boat is too spall even for the 40 or so packed into it. this is how families are separated in a moment. he can only call out, look after the woman. it's been a chaotic few minutes on the

we will campaign positively to remain within the eu. hopefully, the prime minister can confirm today that he will reject the tactics of project fear and make a positive case for remaining part of a reforming european union. >> my right, honorable friends, the prime minister, to explain to the house and to the country in exactly what way this deal returns sovereignty over any field of law making to these houses of parliament. >> this deal brings back some welfare powers it brings back some immigration powers, it brings back some bailout powers. but more than that, because it carves us forever out of ever closer union, it means that the ratchet of the european court taking power away from this country cannot happen in future. >> can i thank my friend for the referendum, first of all. he and i fundamentally disagree, as he knows. my concerns for immigration, which he said he would contain -- we have a net migration of about 240,000 at the moment. every year for three years, that would be about 700,000, 750,000. that's the size of the city o

the eu security is only as strong as its weakest border. does the prime minister shim a concern not only of chancellor merkel's apparently -- freedom of speech, crucially his decision to liberalize these turkish these is, such porous borders and identity fraud and concerned currently chancellor merkel seems to be ousting everyone and making them pay for brexit spend what i would say is it's certainly true, if you're in the zone then you're only as strong as your weakest border. that is absolut vodka we, of course, are not in the silver cup the first book. the second point is of course the zone has decided to offer visas to turkish nationals. we have not made that decision and remember, a visa is not a right to go and live and work or reside. of these is the right to visit. so let's be clear also that those jerks with the visas visiting countries don't have those rights that they don't have the right automatically to come to britain either. very important to get this clear. >> in the last hour, mr. speaker, we vetted devastating news british

telecoms biggest operator may be vetoed by the eu. e$14.5 billion bid for mobile business may be blocked within weeks. regulators are said to be unconvinced. want the company to sell part of their network infrastructure to a new rival. verizon is the leading bidder for yahoo!. a number of bidders decided not to make an offer for the struggling web company, according to the wall street journal. and the aolerizon unit are working on a bit. -- working on a bid. dilma rousseff's presidency is hanging by a thread. [shouting] jonathan: as you can hear, the operation broke into cheers. our reporter has been watching developments and joins us now. what next? is dilma doomed in terms of what the story looks like and how it is going to unfold? reporter: it does not look good for her. a could be as little as 15 days before she is at least temporarily pushed out of office. from here, the issue passes to the senate. wina's opponents need tow a simple majority in the senate to start the full impeachment proceedings, which would trigger her suspensio

google is back in the eu's crosshairs as antitrust regulators file charges against the android businesssaying certain apps being preinstalled is stifling competition. caroline hyde has developments. >> eu regulators are going after google, accusing them of wielding too much power with android, crushing competition in the app space. they have sent a formal antitrust charge to google, saying they stop competing search engines from tablets with the android operating system. regulators accuse google of paying some players to only install google's search app on phones. the objections could lead to huge fines and major changes to the way google does business. the eu complaint about google's shopping service and is worried about phones being preloaded with apps. google states its partnership agreements are voluntary, and the android model is designed to be good for competition and consumers. this is the latest in a formal investigation by the eu, sparked by initial complaints dating back to 2013 from an industry group backed, at the time, by microsoft and nokia. emily: google's problems in eur

but what about the eu export reliant firms? >> the referendum result, if there is a vote to leave, i think it would create a shock. not just for the uk but also for eu. it would be bad news for the eu and i think it would be reflected in financial markets in europe as well as the uk. >> thank you for walking us through your view there is. tom stevensen at fidelity worldwide investments. >>> it is that time of year again. we're talking europe and swagger, or the need for swagger, if you will. and the lifting of china's one child policy is making one thing almost certain. yep. that there will be more kids in the world's most populous nation. and we'll speak to the lego people. >> reporter: lego is one of the world's most profitable companies. a far cry from 2004 when at that point it was losing a million dollars per day. but with a big company though, also comes big responsibility. and part of that responsibility is guarding against overconfidence. but lego doesn't seem to be resting on its laurels. it us now set sights on becomin

you could see the eu project unravel. is that a scenario you are thinking of? s under pressure from several issues, severe issues, the brexit, the eurozone debate, week leaving, several big european countries and the migration crisis. europe is faced with what might be the most serious one in its -- the european union in its history and we have to face all of these crisis together. the brexit debate is part of it but a crucial part because great britain is the second-largest and an within the eu important partner for germany when it comes to the free market approach and free-trade. mark: you mentioned the refugee crisis. we had figures that the arrivals of asylum-seekers in germany decline for a fourth straight month. in march. is it too early to declare a trend? we have seen, the closing of the austrian border brought the numbers down. we have days on the german austrian borders the number is almost down to zero is still one million in germany that have to be integrated and given asylum procedures. on the other hand, we have to see it turkey, how sustainable it

he cites other measures to show the risk. he says euhip has reinforced the dynamism of the u.k. we will continue to monitor the governor and see what else and hear what else he has to say about the upcoming referendum. the health care products pharmaceutical giant johnson & johnson beating analysts estimates earlier today. the company also raised its 2016 forecast fueled by drug sales as a result. shares of the u.s. company bounced. on rumor ago today. he described the company's core strengths. >> overall, the business continues the momentum we saw at the end of last year and to the first quarter. we are off to a great start to the year. -- a strongat start quarter with all businesses picking up momentum. pharmaceutical sales have been robust. -- pipeline continues to be to build which is good for continuing that strength of excellent performance going forward. the consumer business is making steady progress. it is always improving its margins. the medical device business continues to show signs of improvement for we are pleased across

one is because of the passporting rights we get from london into the eu, which we would lose. secondly we benefit from the bilaterally agreements with has and continues to increase. and the biggest market for lloyds, the u.s., 40% of our business. and third, about 90% of our capital comes from outside of the uk. and obviously london is -- one of the attractions of london is we are seen the to be ar a very attractive part of the eu. i think it would diminish the attraction of london. so for us it is extremely important. i hear the argument that okay we can negotiate bilaterals with other countries and with europe. but i think we are very much in front line of negotiating for the lloyds market. and frankly i think a lot of their claims are in the realm of fantasy. >> one of the biggest arguments i hear is look, in terms of london we massive immigration because they would have to support the city to promote further growth outside of the eu. >> in our space i don't believe that. i think the uk regulators are very tough. i think they are just as tough as the eu regulators. i think i

the eu made a complete mess of that. are member of the external fund affairs spokesman talking about the balkans crisis. he said this is europe's hour. not america's hour. america had to come in and clear up the mess that was left by europe. >> hold on. i want to pick up on this point of economic shock. this point about there being a shock if we were to leave, that is amiss consensus on that. even jeremiah confirms that. and the other thing about young people, i couldn't agree more. i am not one myself, but i have read, they know what they care about. they are confident about the future within the european union. it is not just jobs. this is a generation that went through the financial crash, saw this out of university and school, and are we really going to do it again? will be in place another down term, short-term recession for this trade deal, we have no idea what they might look like. >> we are running out of time, so i will ask you all 10 seconds , come the referendum, what people should be thinking about. bewhat pe

these people are not part of the eu/turkey deal. they've been trapped since europe closed its borders. the u.n. saying anxiety and frustration is growing and tensions have been on the rise. yes, in fact, we have had heard of fights between the different commities on the ground. many of those stranded in greece say they haven't been able to apply for asylum. no one picks up their calls. the u.n., in fact, is worried that greece does not have the capacity to process all the asylum requests. >> without urgent further eu support, the limited capacity of the greek asylum service to register and process asylum claims will create more problems. there are very limited hours of registration, daily ceiling on registrations, lack of access to the skype system for registration whereby people receive their appointments and their interviews via skype. this is adding to the anxiety. >> reporter: the eu seems intept to implementing the deal. it's an important show of force to show migrants and refugees they are serious, especially since the deal cam

>> the question will be what effect this result has on eu relations with ukraine. then there is the effect on the eu institution. one lan lift told me this would be used for goverance in the eu. >> if this goes ahead like this and everyone is having a referendum on a national basis, then you may -- the whole decision making in brussels may be completely blocked. the dutch government did not want this referendum. they certainly did not want this result. the problem is that in real numbers, dutch voters voted no in this referendum. the result is not binding. >> the question for ministers is: can they ignore at a time vote and carry on with policies. in the hague. >> for more on this, let's speak to peter from open bureau, the policy think tank. he joins us live from brussels. thank you so much for being with us. the eu commission president had said in the run-up to this vote that the stakes were high. how significant is this dutch resxwreks? how big a boost for skeptics across europe? >> well, it's the third time in the last year that people vote no against something

stays in the eu. assessments and consequences of leaving would be negative both for the u.k. r eu. lisa: what is the commission doing our what do they have plans to do to prevent that from happening? to prevent the u.k. from leaving? mr. dombrovskis: as you know, european commission has been very closely involved in negotiations to reach an agreement with the u.k. and 27 other countries. that allows the prime minister cameron to campaign for the u.k. to stay within the eu. factualeady to provide information on the eu. we are not actually campaigning. david: let's talk a little bit about greece. you have the migration issue in europe. you have a proxy -- possibility of a brexit vote. when they look at that third bailout review, it might offer greece a little bit more latitude. are there discussions about that? mr. dombrovskis: with regards to greece, a review of the program are ongoing. we are making progress. clearly if the conclusion of the first review is within reach and we are making progress with the greek authorities in terms of how greece will reach its medium-term fisc