turkish security. the fact that the united states is now working with a kurdish group in syria that turkey regards to be a terrorist organization, has compromised turkish security. from turkish perspective, what kind of nato ally is the united states, if it keeps doing things that undermine turkish security. - turkey has felt that there's a double standard in europe. that other states have gone ahead of turkey, when turkey should already be in it. - erdogan needs europe because eu excession process, and the common market that turkey shares with eu, are both economically beneficial. and we know that erdogan wins elections, so as long as he delivers economic growth. - [narrator] turkey continues to be a strategic ally with both nato and the united states, but those relationships are increasingly complicated. - the question is becoming much less clear, at least on the short terms. the united states, and most of our european nato allies, believe that nato should be alliance of democracies, and turkey isn't

countries in western europe those with large ex-pat turkish populations have banned turkish political rallies ahead of his presidential and parliamentary vote. thousands of turks from all over europe arrived in sarajevo ahead of president richard tell you better ones rally some twenty thousand all up. as bosnia's muslim member of the tripartite presidency but cute is it big of which welcome dare go on the turkish leader appeared unfazed by intelligence claims of an assassination plot against him but security was tight. news of this has reached me through the national intelligence service such threats will not lead us astray from our path. would it be right for so many people across europe to come here and not be able to see the leader they wanted to meet and greet . no it would not be they cannot stop us from walking our path we are on the same path like the path we were on during the coup attempt on july fifteenth. some three million expatriate turks are allowed to vote nearly half of them in germany the bosnian capital is the only campaign stop president everyone will be making in e

german turkish relations have relaxed the situation for turkish journalists whatever certainly does not. stay with the relations between germany and turkey do you think things changed after danny's future was released. and the fight if i would say tensions between germany and circuit have relaxed somewhat and i don't think things have improved substantially from germany's perspective i believe german turkish relations are currently searching for ways to approach one another but encircled nothing has really changed circumstances for turkish journalists remain difficult many journalists are still in prison and i have observed a number of absurd trials about those reports without borders we continued to provide a lot of emergency aid as part of our support work dennis details release was in short actually just a symbolic gesture by turkey to germany. and. that means if turkish journalists make critical comments about i don't want they already have set one foot in jail. yeah o.b.'s the problem is that the exact definition of what is seen as criticism of the one can change daily but that's t

and two german football players come under fire from posing for a photograph with the turkish president one critic accuses premier league players mezzo. cake when going allowing themselves to be used for cheap propaganda. oh i'm terry martin thanks for joining us tensions are running high in gaza today as palestinians prepare to mark what they call or the catastrophe there they refer to the creation of the state of israel it will be the climax of weeks of protests yesterday israeli troops killed fifty eight people in gaza the violence was fueled by the controversial opening of the u.s. embassy in jerusalem u.s. has blamed hamas for the clashes the e.u. has called on israel to exercise restraint. palestinians burned tires and hurled stones and firebombs near the border from the other side of the fence tear gas and rounds of gunfire from israeli forces within hours dozens of palestinians had been killed israel says it was trying to quell the violence and defend its border the united states agreed and placed the blame elsewhere. the responsibility for these tragic deaths rests squarely wit

this is news line from berlin of bid to win home support a broad turkish president aired a one is in syria a ball ahead of snap elections in turkey to one addresses a rally in the bond me and capital after being banned from campaigning in three european union countries will go to our correspondent in istanbul for more also on the program. with his country in crisis venezuela's president seeks a second term in office and with the opposition largely boycotting the vote and a low voter turnout predicted nicolas maduro the victory is almost certain critics say the election in so far. and welcome to the program and a push to secure an electoral victory at home turkish president ratchet type error to want has taken his campaign abroad as he tries to reach out to act voters in europe ahead of snap elections in turkey next month he spoke to supporters in the bosnian capital theri a vote this comes after several countries in western europe those with large ex-pat turkish communities have banned turkish political rallies before anker us presidential and parliamentary vote. of turks from all ov

they allegedly didn't want to work with the turkish guy. speaks fluent german likes german wheat beer and his pork roast on sunday but still many people only see him as a turk. his son john witnessed how he. father struggled before deciding to go and live in turkey in one thousand nine hundred seventy. two day towson says that his integration failed a radical assessment that many german turks share. defeated on is that the dangerous thing is that the gap is widening between majority society and german turks who don't feel integrated. i don't think this polarization is good for either side especially germany. of course turkish germans have a lot to offer and it would be preferrable of people living in germany who possess both german and turkish passports said my president a steinmeyer not everyone president. tolson matter has changed his mind in recent years he now questions the policies of the turkish president. he travels back to germany regularly and the family still has a house in the varia. as always the first thing i'll do is order a p

who possess both german and turkish passports said my president. not everyone president. tolson mary has changed his mind in recent years he now questions the policies of the turkish president. he travels back to germany regularly and the family still has a house in bavaria. as always the first thing i'll do is order a potion of wienerschnitzel. drink a wheat beer to travel around. but i'm a guest there. i live in turkey stored to him. born in. the influence of germany's bow house extends well beyond europe even to china where an exhibition series exploring the global impact of the design movement is kicking off. our house elements shifting in reconfiguring the theater performance mark the opening of the exhibition powerhouse imagine east coorg a nice by the go to institute at the china design museum in hong joeys china. interested me for the. how we're less interested in what's truly bauhaus and more in the ways it was interpreted how it was built on. and how it sparked the imagination hence the title powerhouse imagine easter with emerging societ

german internationals with turkish roots as it is ill and. posing with wretched tired bearded one the photo was later distributed by the turkish president's party kinda one handed i want to jersey on which he'd written for my revered president the scene has provoked a firestorm from fans and german politicians. has been rejecting the german national anthem for years and it has to be said that he is also a product of the failed integration as we are now seeing if one has to ask whether he'd rather play for the turkish national team. punish me both who took us or not and i want to. get into one has both turkish and german citizenship while israel has had only german citizenship since his eighteenth birthday critics say the photo could be used to help the turkish president's election campaign. if they let themselves be used for a cheap propaganda show for a despot and authoritarian rulers who was obviously afraid of losing fair elections in turkey and they had to do the act soon find i think the players committed a serious foul and i think it's

footage then appeared in pro-government turkish media showing the man in front of the turkish flag officials talked about having bundled them up and brought them back this was the last glimpse yasmin had of a husband you serve. jani. i'm afraid. i share my husband's opinion was like you know and he has been arrested because of his opinions and his beliefs all of which i share so i could be arrested on these grounds to. actions muscling in english. jessamine kind of been a has continued to teach she owes it not only to her husband she says but to the cleric for two large good men. europe is in the midst of war a tug of war that is between national governments and separatist regions spain's dispute with catalonian separatist seeking independence continues to rage on and in france separatists on the island of corsica are emboldened after winning the most seats in parliament in the last regional election young corsicans in particular hope that more autonomy from france will improve the island's economy if course because nationalists have their say mr rugg an island will abandon emmanuel macron a

what does this evaluation of the turkish lira mean for the turkish people, whether in is istanbul orp north? phoenix: i think it exacerbates the kind of recurring nightmare the population finds itself in time and time again the past several years. currency depreciation. lots of stress on corporate balance sheets. greater likelihood of default. financing pressures and greater financing needs. the rollover needs to become much more exacerbated. weakening currency results in higher inflation. i am as like we saw in argentina last week? stepsx: we are still some away from that pave there is still a lot of fiscal room they can access. to try to support the economy, if it ever came to a point where suchllapsed on the back of aggressive currency depreciation. that is still quite a few steps away from them. francine: the turkish lira, turkish bonds, declined to new records after he said to the president he will take responsibility for most monetary policy and the economy. how much anxiousness is their own among international investors? alberto: we are still short. when you have this type of

reacted in the way that this turkish mother did. and she'd been a christian everyone knows that where does it come from we everyone rosette from her christian faith that none of us have said it came from a muslim faith which it probably did big and this is this is symptomatic i think we we do have a problem in germany with recognizing and reconciling ourselves to differences here is is it mediately a red flag goes up immediately you are talking about your parents in the end the the comfort they found in their in their muslim in their mosque immediately a flag goes a parallel to side to be conned of that why can't we have parents societies i'm fine with people of having parallel societies we have a powerless the size it is germany. you know i'm more worried about that but still ok let them have the you know so we really i mean i think the british are more relaxed about this big they have more experience with it germany you know there's a german germans they all know this is hardly broader is half of life felt like that we're talking

and pretending it no longer needs it my guest here in the german city of the us will go off is the turkish foreign minister may have loot travel scholer are the differences between turkey and the e.u. becoming impossible to reconcile. revenue travel channel welcome to conference on thank you to recognize these comments naziism is still widespread in the west the netherlands are nazi remnants and fascists now those are the capital of fascism tulips were sent to holland from turkey during the time of the ottomans it seems that the tulips have not made the prime minister and racist politicians in the netherlands real men well comments from you and your president do you see any reason why the e.u. should deal with you as a candidate member if you are going to insult them like this while last year when the netherlands didn't want to allow us to meet the turkish people in the netherlands there was a tension and rhetorical was very high and it was coming from both sides and i didn't start that. and when the what to take when you bend it what they call you when the prime minister of the netherland

and they took part in a photo op with turkish president rich one and this is. just five weeks before the presidential elections in turkey and the german football association criticized the players and now german politicians are getting involved german internationals with turkish roots as it is ill and going to one posing with wretched tired bearded one the photo was later distributed by the turkish president's party into one handed i want to jersey on which he'd written for my revered president the scene has provoked a firestorm from fans and german politicians. still has been rejecting the german national anthem for years and it has to be said that he is also a product of a failed integration as we are now seeing if one has to ask whether he'd rather play for the turkish national team. punish me about it it took a shot and i went off to be honest going to one has both turkish and german citizenship while israel has had only german citizenship since his eighteenth birthday critics say the photo could be used to help the turkish president's election campaign. if

we are down some 13% in terms of .he turkish lira -- could that be pushing the turkish lira higher as we have seen the fallout of a stronger dollar and potential rate rises in the u.s., and now the iran deal. erdogan gathering his economic advisers together. vonnie: caroline, thank you. back to fresh revelations regarding president trump's former lawyer, michael cohen. andian oligarch's, at&t another company are all intertwined. bloomberg'soined by executive editor for legal and regulatory coverage. what other questions we should be asking when it comes to companies like at&t? >> is companies need to be asking themselves why would they make those payments to cohen and with everything above board. we have heard a variety of answers. at&t says it was looking for insights into the new administration. they are company says it was looking for advice from cohen on local accounting roles. -- rules. we have not heard much from columbus nova. it is companies were hoping to get some sort of insight about the administration. what exactly were they doing and why were they paying trump's personal

countries you member states actually are in favor of turkish. you know one membership anymore he said and you struck not us last year as it were the reaction to this is the reaction of the country who has been waiting at the door for sixty years ok sixty years so as a way that it is turkey's mistake so why do you say yes so why threaten europe in march last year when the democratic president what can what kind of threaten in march last year when there's a sematic route with germany was at its height your president said that if europe continues this way no european in any part of the world can walk safely on the streets that's what he said. that's a threat that's a direct threat no it is not a truck and that not be a threat it is that or it is the actually he is warning the europe if you are in hypocrisy in our fight against terrorism and if you are allowed the terrorists to active to be active in your countries if you. believe that the batteries but is the best one if you allow them to raise money forcibly if you are their illegal activities in

there are structural problems in the turkish economy.lk about erdogan for just a moment. outspoken, ifirly you have inflation, the thing to do is to cut interest rates. do we believe he has had a change of heart? does he know longer believe that? omer: this is a temporary matter. i think erdogan genuinely believes in his unorthodox view that you have to lower interest rates to fight inflation. not many economists believe that. you would be hard-pressed to find any economists that take this seriously. a country like turkey where you don't have reserve currency, and you are at the mercy of financial markets, and you have high inflation and a growing current account deficit. turkey desperately needs to have strong fiscal discipline and tight monetary policy. by people whoed are unable to speak truth to power. his advisers are people who tell him what he wants to hear. speaking truth to power is not the strength of the advisors he is surrounded with. i think erdogan still believes he needs low interest rates to pump up the economy. what he i

family in nearby selling a miracle joined politicians and prominent members of the turkish community including one survivor of the attack the speakers warned against anti foreigner rhetoric in politics back in one nine hundred ninety three four young germans burned down a home belonging to a turkish family killing three children and two women think it already is described as a nazi inspired attack and chances are anglo-american warrant that the kind of extremism extremism excuse me which was behind the following attack still existed in the nation today. right wing extremism is by no means a thing of the past. even today people in our country are attacked and face hostilities because they are asylum seekers or refugees or because they are taken as such due to their appearance or their skin color no matter how long they've been living here with us. such actions are a disgrace for our country and we cannot and will not resign ourselves to this if in our country and our constitutional state the dignity of human beings are in fact worth something. chancellor angela merkel speaking there e

and a push to secure an electoral victory at home turkish president. has taken his campaign abroad as he tries to reach out to ex-pat voters in europe ahead of snap elections in turkey next month he spoke to supporters in the bosnian capital theri a vote this comes after several countries in western europe those with large x. factor because communities have banned turkish political rallies ahead of us presidential and parliamentary elections. of turks from all over europe arrived in sarajevo ahead of president. no one's really some twenty thousand all up as bosnia as muslim member of the tribe presidency but cute is it bigger which will come down to one the turkish leader appeared unfazed by intelligence claims of an assassination plot against him but security was tight. news of this has reached me through the national intelligence service such threats will not lead us astray from our path. would it be right for so many people across europe to come here and not be able to see the leader they wanted to meet and greet . no it would not be they cannot sto

a bid to win home support abroad turkish president juan isn't very well i had a snap elections in turkey are to want to address there's a rally in the bosnian capital after being banned from campaigning in three european union countries. and drama at the rink depending i talk to you champions meeting take on what's or land in the final and it goes right down to the wire. and welcome to the program in venezuela polls have just closed an election that is expected to hand president nicolas maduro a second term in office. to his vote earlier in the day he's facing a fragmented opposition parts of which are boycotting the poll more than twenty million venezuelans are eligible to vote but lloyd turnout is predicted the oil rich country has descended into economic turmoil duro socialist government. inflation has reached an all time high of more than thirteen thousand percent the rising prices have hit workers and business owners especially hard but not everyone blames the government. there isn't much cash flowing in venezuela apart from public transport and street food little is paid for with c

the turkish president speaking to me yesterday.out the fact market is focusing on about monetary policy. this is what he says there. we have to give off the image of a president whose influential on monetary policies. a role inill play monetary policy going forward. is that the big change? mr. erdogan: this may make some uncomfortable, but we have to do it. guy: interesting stuff. benjamin harvey, istanbul bureau chief. james athey is still with us from aberdeen. to's talk about him coming london and delivering this message. this is unorthodox and in some ways, not what the market wants to hear. he came and said "i am in charge." erdogan's views on interest rates and policies are well known, quite controversial. this is not what the market wanted to hear, but he knew that. the significance is as much about what he said as where he said it. whether it was a populist idea that he would go out and lobby for lower interest rates and let the central bank take responsibility for raising them, but here, he knew his audience and that he wa

our exclusive interview with the turkish president has moved the turkish lira.weakening in the currency, as he has said he will play a bigger role in monetary policy if he wins the next election. manus: we have a little bit of an interesting mix. given all of the corporate news that we have had through the how they open see -- the beats from allianz, let's see how they open. this is bloomberg. ♪ ♪ guy: good morning, welcome. you are watching "bloomberg markets: european open." we are live from our european headquarters. matt miller is off today. cash trading is less than 30 minutes away. ♪ the lira hits a fresh record low, as the turkish president tells bloomberg that he intends to tighten his grip on monetary policy if he wins next month's election. credit

the turkish lira in particular. down 2.5%. we initially saw a positive reaction from that 300 basis point hike but it did not last long. you don't get much liquidity out of in the asian trading session. .ow we have london this is where the liquidity is. beneficiary. that's an interesting story. it's rippling into the equity market story as well. the other story is the mexican peso. the trade story on autos is it's going to affect automakers. the mexican peso trading down by 6/10 of 1%. confirming a stake tissen has t scope for improvement. be interesting to see. that thyssenkrupp has scope for improvement. it's going to be in testing to see. here's juliette saly. juliette: turkey central bank has raised interest rates at emergency meeting while the president has pledged allegiance to global principles on monetary policy. it was raised by 300 basis points to 16.5%. the bank described the move as a powerful monetary tightening and it's ready to continue using all instruments. the lira has fallen again today. officials have signa

in turkey and voices are one point four million eligible turkish voices who can vote in the turkish election on june twenty year for right here in this country they picked up on this big to do the right wing populist d. for example they're trying to make political capital out of this here's a statement from the party leader was vital that was made to do really or did they think it was. well israel has been refusing to sing the german national anthem for years. he's an example of a failed to gratian as i can now see. it seems he should be made to decide whether or not he's all right rob a play for the chalk ish national team from the tsunami. so there's politics there but the german youth football association being critical of the players is there some hypocrisy there saying you know you shouldn't be having your picture made with juan because he doesn't represent the values that we do in germany here or here in europe but what do they say when they're going to russia for the world cup and they have to because you know with russian president vladimir putin he said that this is always going to

but still at home, they were turkish, like turkish traditions and turkish thinking, so i was always onck the best ones from both sides. >> anthony: growing up here as the child of turkish immigrants, how did you feel in school? you felt german? >> melek: yeah. yeah. >> anthony: so, why do you think germany's good at that? >> melek: the germans are very correct people. they want to have everything on the point. they don't like surprises. so they organize everything before. >> anthony: i mean, it's almost a cliché that it's organized. >> melek: it's not a cliché, it's organized. >> anthony: grilled minced lamb basted with hot tomato sauce and slathered with melted sheep butter and yogurt. roast lamb with feta, bulgur, and roasted vegetables. ah, that's beautiful. >> melek: danke schön. >> anthony: so if you graduate from university here and choose to live in cologne, could you afford to live here? >> melek: yeah. you can. >> anthony: so it's reasonably affordable. >> melek: yeah. but because of the refugee situation i think living space is becoming less, like everywhere. >> anthony: do y