and that starts right here in europe. and i want to begin with an observation that, given the challenges that we face in the world and the headlines we see every day, may seem improbable, but it's true. we are fortunate to be living in the most peaceful, most prosperous, most progressive era in human history. that may surprise young people who are watching tv or looking at your phones and it seems like only bad news comes through every day. but consider that it's been decades since the last war between major powers. more people live in democracies. we're wealthier and healthier and better educated, with a global economy that has lifted up more than a billion people from extreme poverty, and created new middle classes from the americas to africa to asia. think about the health of the average person in the world -- tens of millions of lives that we now save from disease and infant mortality, and people now living longer lives. around the world, we're more tolerant -- with more opportunity for women, and gays and lesbians, a

the united states and europe. and i will insist that we stand united together. that means standing with the people of afghanistan as they build their security forces and push back against violent extremism. it means more ships needed to shut down criminal networks profiting by smuggling desperate families and children. and that said, nato's central mission is and always will be our solemn duty, our article 5 commitment to our common defense. that's why we'll continue to bolster the defense of our front line allies in poland and romania and the baltic states. so we have to both make sure that nato carries out its traditional mission but also to meet the threats of nato's southern flank. we have to defend the security of every allie. that's why we need to stay nimble and make sure our forces are inoperable and invest in new capabilities like cyber defense and missile defense. that's why every nato member should be contributing its full share, 2% of gdp, toward our common security. something that doesn't always happe

this is happening in europe. we see some of these trends in the united states and across the advanced economies and these concerns and anxieties are real. they are legitimate. they cannot be ignored, and they deserve solutions from those in power. unfortunately, in the vacuum, if we do not solve these problems, you start seeing those who would try to exploit these fears and frustrations and channel them in a destructive way. a creeping emergence of the kind of politics that the european project was founded to reject on us versus them mentality that tries to blame our problems on the other. somebody who doesn't look like us or doesn't pray like us, whether it's immigrants or muslims or somebody who's deemed different than us. and you see increasing intolerance in our politics. and loud voices get the most attention. it reminds you of the poem by the great irish poet w.b. yates where the best lack all conviction and the worst are full of passionate intensity. so this is a defining moment. and what happens on this c

, and europe has to be ready to respond to it. of course, we have to refute the principle of collective guilt. there should be no tendency to put all muslims into one group and label them all terrorists. that would be the worst possible approach. so, in order to be able to discard this principle of ascribing blame to one group of individuals without any difference, we really have to do our work, and we really have to be able to prosecute individuals for violating laws and combat terrorism. obviously, there are certain countries, such as for instance, slovakia or hungary, who are opposed to the approach of germany, but that was mainly because we were putting more emphasis on the security and defense aspect. czech republic accepts refugees. we are ready to help. but at the same time, we try to adhere to high security and screening principles in order to be, not to give cheap ammunition to populists and nationalists who actually further thwart and hamper a successful solution of the problems that we are facing. therefore, i believe t

in europe. when you look at what is happening in brazil. when you look at -- i'm sorry, this is a big thing here. and we should not underestimate the consequences in europe. i think certain things are changing a lot. so i will be more welcome to answer your question in a year. >> we'll come back to that, it's something you feel passionate about as well. we'll talk about how this is not just a problem for the british as well in a moment's time. yannick bollore, thank you for joining us. if you want to get in touch with us, streetsignseurope@cnbc.com. and @streetsignscbs. >>> and caixa bank is offering one euro per share and hopes to see 35 million euros per year. we'll take a look at how the share is performing, caixabank is down 2.58%. >>> the imf is raising a lot of concerns at the moment. who is it about at this time? this is ahead of the meeting in washington. julia caught up with portugal's finance minister and asked him whether he would consider a bad bank. >> we are looking very carefully

europe and world. union is not only about europe. the vision of the eu, the supranationalist approach, is a model for a new way to model the world. the super nationalism is a new governance, putting the super national governance in practice on a global scale to realize by overcoming the unlimited sovereignty of nations, which the eu believes is the root of war. here is a model for global governance, the eu has real credibility. it is e only functioning model of how a global governance might work. what is global governance? both definitions are technocratic without getting to the heart of the matter. here is how i would define global governance. the attempt to introduce a global rule of law and interest of achieving an unprecedented degree of world peace and prosperity -- not via one government, but by the development of a network of international institutions that administer an ever greater body of international law, to which nationstates are subject. states in nation their foreign-policy and substanti

and, that debate, i think is accelerated in europe. but, i am confident that the ties that bind europe together are ultimately much stronger than the forces that are trying to pull them apart. europe has under gone an extraordinary stretch of prosperi prosperity. maybe unmatched in the history of the world. if you think about the 20th century and you think of the 21st century. 21st century, europe looks a lot better and majority of europeans recognized that. they see that unity and peace have delivered, sustained economic growth and reduced conflicts and violence and enhanced the quality of life of people. i am confident that could continue but i do believe that it is important to watch out for some of these fault lines that are developing. in that sense, i do think the braxt braxton's votes. if i am a citizen of the uk, i am thinking of in terms of how is this helping me and the uk economy and how is it helping create jobs here in the uk. that's the right way to think about. >>> i do also think that this vote will send a signal that i

europe is a post-christian nation. and to substantiate that claim, the book walks us through the eu various documents which are compared to the u.s. constitution, the polish constitution, the federalist papers, which all make some references to christianity and religion. -- weediate reaction, know for a fact europe is far less religious than poland on average. it is less religious than the united states were in the 18th century. that is reflected in the document. to me, that is a more compelling far simpler explanation than one that invokes the european ideology. and if you are going to claim european integration has been instrumental in the erosion of christian beliefs in europe, you then have to grapple with the fact that the founding fathers of this ideology, the founding fathers of integrated europe, also the leading figures of the european christian rights, these were all practicing catholics who are very serious about their religion, before the beginning of negotiations at the treaty of paris they met at the mona

graham: is the threat to our partners in europe and to our interests in europe declining or increasing? mr. scaparrotti: increasing, sir. mr. graham: can you think of a worst time for the american congress to cut the military's budget to historic lows? given your time in service? mr. scaparrotti: no, sir. this is the most challenging time i've seen and we need to reinforce our capabilities. mr. graham: do you agree with that? ms. robinson: i do. mr. graham: thank you. thank you both for your service. mr. king: thank you, mr. chairman. meteoric rise. [laughter] i just want to associate myself with the comments of senator graham and the chairman and several others. particularly as you go to this nato meeting, this summer, that's going to be so important in europe. it would be a grave mistake in my view to not maintain a level of force in afghanistan that's necessary to support the afghan security forces. and the problem is this decision has to be made reasonably soon because we're not going to go from 9,800 to 5,500 in a couple of days at the end of the year. the process has to start thi

the french elite always wanted to roll over europe, to determine -- to be the administrators of europe using german monetary to do so. they are smacking them by smacking greece, unfortunately, and pushing the greek nation into an awful, frightful recession. when europe uses whole populations as instruments for the pursuit of 19th-century-like power politics, you know there's something deeply rotten in the kingdom of europe. when you add the refugee crisis on top of that, the centrifugal forces for the loathing attitude, that not in my back yard kind of mentality that the economic conflict has caused, itself onto the refugees and treating them as a bad the news to be thrown off one's backyard and on december the else's backyard, and the result is a complete loss of europe's integrity. nermeen: before we conclude, you have talked about the rise of right-wing parties and in greece, golden dawn in particular, as becoming worse as the economic crisis worsen. could you talk about the impact of golden dawn and its recent expansion ring does expanding power? >> it is everywhere in europe. you

the eu is not a united states of europe. the eu member states continue to exist as independent nations. so what is the eu? when all is said and done, my belief is that what it comes down to is that the eu is a super nationalist project. the eu member states in the interest of realizing an unprecedented degree of peace, stability and prosperity, are pooling and thus relinquishing significant elements of their national sovereignty. they are ceding large aspects to the super national institutions of the eu that are distinct from the eu member states and that function independently above the national level. the essence of the european project. not just the nuts and bolts of how the eu works but the hope behind the european dream, the heart and soul and mind of the eu is precisely this super nationalism. the process of european integration arose out of the ashes of world war ii. and the determination of european leaders that war should never again arise from european soil. that violent conflicts among european nation states, espe

practice the very values that are essential to europe, that have made freedom in europe so real. so, yes, these are unsettling times. and when the future is uncertain, there seems to be an instinct in our human nature to withdraw to the perceived comfort and security of our own tribe, our own sect, our own nationality, people who look like us, sound like us. but in today's world, more than any time in human history, that is a false comfort. it pits people against one another because of what they look or how they pray or who they love. and yet, we know where that kind of twisted thinking can lead. it can lead to oppression. it can lead to segregation and internment camps. and to the shoah and srebrenica. in the united states, we've long wrestled with questions of race and integration, and we do to this day. and we still have a lot of work to do. but our progress allows somebody like me to now stand here as president of the united states. that's because we committed ourselves to a larger ideal, one based on a creed -- not a race, not a nationality -- a set of principles; truths tha

nation state, europe. and europe ye's relations with rest of the neighborhood and the rest of the world. the national level, to begin with, it's easy, of course, for me as a german to stand here in texas saying belgium needs to address the security problems and do better at integrating the muslim minorities. it does. but as we ought to know, all of us, and certainly germany ought to know from the experience with development and nation building at home or democracy building at home which we had to do a lot after 1945, throwing money at what is essentially a governance problem and perhaps in some ways also a problem of political culture will not only not solve the problem it will often make it worse. shocking as this may sound, i think what we now in the west have to understand and face frontally is that we have mistakenly assumed perhaps that western style democracies are essentially and fundamentally stable. rule of law, pluralism and inclusive economy and a functioning social contract are things we can ta

i was recently in europe. -- in europe as part of the u.s. delegation there to try to provoke more sharing between and .mong the nations in europe that, right now, is a major and mrs. of hours, to promote more sharing and to do all we can to share with them. we continue to see evidence of isil.in on the part of the countries you named. we learned that they are fanatic, very operation security conscious, they are very mindful of that, they have taken advantage, to some extent, of the migrant crisis in europe, something which the nations, i think, have a growing awareness of. >> going back to the north korea issue, they talked a little bit about their hydrogen bomb. not as though that were a fact. >> in terms of developing these capabilities. assessmentr threat of ballistic missiles? there was reports of a successful ballistic missile test recently. mr. clapper: we might disagree with the north korean claims of a success. reading that out overa technical assessment whether there sobm worked or not. we have to assume the worst. that is tradition

the cohesion of europe is at stake. the cohesion has been painstakingly built and negotiated since the '50s of the last century and culminated with the european union enlargement by the states of the former soviet block including the czech republic. no european country today successfully face the challenges and tasks ahead of us alone and in isolation from the others. live in interconnected world. unless we want to see europe marginalized we must face the challenges together. therefore me and my government fully embrace european integration and deep cooperation in the e.u., face-to-face with the immense challenges. the pan-european cooperation is the only choice. conducive to stability, prosperity, preservation of the roll of europe plays in the world and values upon which it has been built. ladies and gentlemen, brookings institute celebrates its 100th year anniversary. during the 100 years of its existence, of your existence you became one of the most significant think tanks in the u.s. and even beyond. you have exper

has bedeviled europe. wouldhad more time, i talk about with the president would counsel in striking the balance, especially since she president.h that i want to ask you a different question, and then i'm going to turn to the audience for questions, so the audience should be ready with your questions, and speaking about theborders of europe, russia of vladimir putin has been responsible in crimea and ukraine, for the most intrusions, violations, of the principle of borders and sovereignty, in many, many decades, and the czech republic tested together with the united dates and with vladimir sanctioning putin, and russia. you alluded to this, of course, in your remarks, but can you tell us a little bit more about how these ancient our work? the european consensus holt, and do you have a view on whether the sanctions will be successful? and what with the definition of success be? the ukraine? well, i think this is one of the major questions, because we talk about what has worsened in the past years. situation,

some are actually born and raised in europe. so i think we had to understand that the migrant crisis is first and foremost a humanitarian crisis. we have to step up all of our efforts with border control, police, with different kinds of cooperation between nato allies and other european countries to make sure that we do whatever we can to avoid new terrorist tacks. anchor: it has been said many times you won't solve the refugee crisis in europe unless what is happening in syria. you have been quite critical of russia's role in syria. now that russia has said it is pulling back, will the situation improve. are you less critical of moscow? >> what you have seen is a substantial russian military buildup and now some of those forces are withdrawing. the important thing is that we have seen progress when it comes to the work to find a political negotiated solution. it's not easy, it's going to take time. that's the only viable solution to the crisis. anchor: is russia being helpful in that political process? >> russia is at least now

sometimes europe has been co -- come mplacent of their own dense. tions like ukraine have the right to choe their own destiny. remember it was the yuik ran for a future with euro thatt prompted russia send in its miry. after althat europe endured in the 20th centurye st not allow borders toe redrawn by grou in 21st century. we suldeeukraine and modernize its forces tprotect its independence. we need keep sanctions on ssia in place until russia implements the agrments that chancellor merkel d president and others have worked to hard to maintain and provida path for political resolutiti of this ise. and ultimates our hope not b bullying neighrs but n our collective security s on a fountion of prosperity, so that brings meme to next point. world needs arosperous and owing europe. not just a growing eure but prospero. as i mentied before, the economic anxieti many feel today on both des of the atlantic are real. the disrupti changes brought by theconomy, unfortunaty somemes are hitting certain groups special working-class communities more heavily. and i

you will only have a social europe commission and a social europe parliament and a social europe council if you've got a majority of left wing governments in europe. now if you look at the current figures, you have 50% of the commission is epp. the left wing party is at 28%. the council of ministers, you've got a right wing alliance has got a blocking minority and the european parliament, the right wing parties have 50%, left wing and environmentalist parties have 38.9%. i think, what you have just made is the most articulate and powerful case for voting labor back home. >> while i recognize you all, you are well out of time. i turn to mr. holloway who will begin his questions. >> how do you respond to the point about the u.s. urge iing think that they wouldn't accept themselves? >> first of all we are talking about the future of the european union so the united states is not exactly eligible for the european union. but each country has to work out what its national interests. america is the world's sole super power. i started off by saying that if it is the advance of your foreign polic

up in europe? >> absolutely. molenbeek, a quarter, a part of brussels, is a part in which a lot of these killers grow up and this is a problem for europe. so in italy we change legislation, i put on the table a lot of money to fight against terrorism, but at the same time i give this message. for every euro invested in security we must invest one euro in culture, education. for every euro invest in police we must invest one euro in a different cultural approach because when you see some colleagues said, okay, this is a time of war, i think this is not correct. this is not war. this is terrorist attacks inside europe, but we need a reaction also in the education system, in the cultural system, security, start from education. there is also a problem in syria against daesh. we must destroy the army of daesh everywhere. we fight against these terrible people everywhere, within the united states of america, but at the same time, i think europe, brussels, we have a problem, and the problem is in europe,

this is happening in europe. you see one of these trends in the united states and across the advanced economies and these concerns are real, they are legitimate. they cannot be ignored and deserve solutions from those in power. unfortunately in the vacuum if we do not solve these problems, you start seeing those who would try to ex mroitd theploit these frustrations and channel them in a destructive way. a creeping i am mer against of the kind of politics the european union was founded to reject an us verses them mentality that tries to blame our problems on the other. somebody who doesn't look like us or doesn't pray like us, whether it is immigrants or muslims or somebody who is deemed different than us. you see increasing intolerance in our politics. loud voices get the most attention. remind you of the poem by the great irish poet wb yates where the best lack all conviction and the worst are full of passionate intensity. so this is a defining moment and what happens on this continent has consequences for peop

in europe. catalyst fore as a getting europe into better shape. as a potential that you would a vote for out, a much more sensible deal with europe, and we change our minds and stay in. rather a nice prospect. can't guarantee it. for two: we halftime more questions. the gentleman on the right. >> good morning. my name is simon, from commerzbank. with all due respect to the seniority of the panel, why do you not have somebody under the age of 30 and the panel? future ofl about the europe and many students have benefited greatly. second quick question, i'm shocked by the fact that you've only focused on the monetary and trade aspects of brexit. this is talking about the eu. he have not focused on the eu as a piece project, why it was founded in 1955. we need to look at the future of the european union. without the united kingdom, the european union is quite lost. francine: do you have a question? i talked about the panel -- >> wide to you not have somebody under the age of 30 in your panel, and why -- let's take another question. we will address it

the first cause is population growth in europe. europe breaks out of these limits on population largely of the capitalist transformation of agriculture, which produces more and more food produced by fewer and fewer people. sustain a larger population. the population in europe stands around 109 million people in 1800. by 1900, that has left up to 1400 million and that is even with 50 million people leaving. this is more people in europe and they have to find someplace to go. this migration is intimately toked, intricately linked industrial development in europe, the rise of industrial capitalism. one of the major factors going into mass migration is improvement in transportation. we have already talked about seeing travel across the ocean whereas in thet 18th century, it might take a the atlantic. in the late 19th century, it takes only a week. the trouble travel, is accelerated and by the same token, the cost comes down to be cheaper to travel long distances. the is not just to transatlantic movement, it's also a movement within eu

. -- free migrants who are coming from europe. let's turn our attention to that far greater migration. a few more numbers for you. here is a chart that shows the increasing wave of european migrants across the ocean in the 19th and early 20th century. you can see by the first decade of the 20th century, migrants are coming in numbers that door the migrations of earlier decades and centuries. just in the first decade of the 1900s, as many free europeans crossed the atlantic ocean as enslaved africans did over the course of the transatlantic slave trade. the magnitude, the scale of migration is beginning dwarf everything that has come before it. the scale creates a massive demographic shift in the americas. i will also say that the first decade of the 20th century is probably the decade with the most people on the move in all of human history. even today's migrations aren't as great as that of the early 20th century. where did all of these migrants go? you can see that the major destination for european migrants was the united state

ou will see a shift in europe. along with our nato partners, we will be adding investments to deter russian activities. the committee looks forward to your views on these and other complex issues. you'll also continue the important work that ucomm is doing with the ukrainian government to strengthen ukraine's capacity to defend itself. the committee would benefit again from your views in this regard. and general robinson, if confirmed, your job will comprise defending the homeland which ultimately is the most important mission we have. including against such threats as cruise and ballistic missiles. you'll have to support authorities in this mission. not only in terms of potential conflict but also natural disasters which affect the country. and you'll have to maintain close security ties with our neighbors, again, as the chairman pointed out, mexico in particular. and you will also be commander of norad. binational command with canada which is a mission to provide aerospace warning, control and maritime warning at

or europe. i think it's going to for a community policing purposes just in general i don't think it really look at other problem. >> thank you all. >> sigrid ayotte. >> i want to thank the chairman. this is an excellent panel. let me just say the fact had a major terrorist attack in europe and we can't get before this committee and a fish from department of homeland security, fbi or the national counterterrorism center, to me speaks volumes that this acquisition things they're doing a good job fighting i said, income and make their case. i want to back to the chairman on the point that he made i think very respectfully earlier. i would like to ask each of you one of the things that are coming loud and clear, is the lack of intelligence sharing in europe, and the problems we have with that lack of intelligence sharing. as you know, the european countries, in fact with over 30 countries that are part of our visa waiver program. to be part of the program you have to essentially meet certain basic s

they send 44% of their exports to this single market in europe. if they leave the european union, they have lost their biggest customer. now, they will try to renegotiate and get back in. i guarantee you, i won't be on better terms than what they're in right now. so just from a pure economic perspective, this should be a no-brainer. there is a larger set of forces at work here, though. there is a corollary between those who are demanding that britain leave the e.u., anti-immigrant forces that are concerned about outsiders changing their culture, what we see back home with mr. trump and some of the rhetoric there, we are in a moment of global change, and people have anxieties about that change, some very legitimate. global capital movement, workers are less mobile and as a consequence, less leverage, wages stagnate. there is obviously terrorism fears have emerged that are very complicated but people want to simplify them by thinking if we can just hermetically seal ourselves off then we would be okay, and what all this adds up to is i think a desir

this is happening in europe. we see these trends in the united states and across the advanced economies and concerns and anxieties are real. they legitimate. they cannot be ignored and they deserve solutions from those in power. unfortunately, in the vacuum, if we do not solve these problems, you start seeing those who would try to exploit these fears and frustrations and channel them in a disruptive way. a creeping emergence of the politics that the european project was founded to reject. an "us" versus "them" mentality that tries to blame us on the other. somebody who doesn't look like us or pray like us. immigrants or muslims. or somebody who's deemed different than us. you see increasing intolerance in our politics. and loud voices get the most attention. it reminds you of the poem by the great irish poet w.b. yeates where the best lack all conviction and the worst are full of passion and intensity. so this is a defining moment and what happens on this continent has consequences for people around the globe. i

that exists inside europe. but to be frank, this is a threat that we face together, and the biggest hand and card we have to play is e.u.-u.s. counterterrorism cooperation. thank you very much. ron johnson: thank you, ms. smith. our next witness is mr. daveed gartenstein-ross. mr. gartenstein-ross is a senior fellow at the foundation for defense of democracies, an adjunct professor in georgetown university's security studies program, and a lecturer at the catholic university of america. he is also the chief executive officer of valens global, a consulting firm focused on the challenges posed by violent non-state actors. mr. gartenstein-ross. daveed gartenstein-ross: thank you, chairman johnson, for that introduction. ranking member carper and distinguished members, it's an honor to appear before you at this very grave time. we've had, obviously, in a span of about four months two major attacks strike europe. it's a watershed for a variety of reasons, but one of which is that this is the first time that a europe

hasworld wars in europe shown that security in europe is also important for the united states. mark: the nato secretary-general talking with bloomberg's david gura. coming up in battle of the charts, i face of with joe weisenthal, taking a look at the yen today. ♪ betty: now it's time for the bloomberg business flash, we look at some of the biggest news stories right now. the controversy over the panama papers and offshore tax havens has spread to canada. the world bank of canada says it has been this -- been investigating the bank's role in the manager. document suggested a number of politicians and celebrities use offshore accounts to hide their fortunes. thousands of doctors in the u.k. have gone on a strike. the doctors object to language in a new contract with the government having to do with extra pay for working weekends. as many as 1200 jobs may be cut. er has said it wants to steer customers to online banking, which is more popular than having branches. hillary clinton is speaking live right now in philadelphia. this is after being defeated in wisconsin last night by

andworld needs a prosperous growing europe, not just a strong europe, but a prosperous and growing europe that generates good jobs for its people. economic anxieties that many feel today on both sides of the atlantic are real. the disruptive changes brought about by the global economy unfortunately sometimes are hitting certain groups, especially working-class communities, more heavily. if neither the burdens or benefits of the global economy are being fairly distributed, it is no wonder that people rise up s globalization. andhere are too few winners too many losers, people will push back. all of us in positions of power have responsibility, as leaders of government, business, and to society -- civil society to help people realize the promise of economic security in this integrated economy. know how tos is we do it, sometimes we just lack the political will to do it. in the united states, our economy is growing again, but the united states cannot be the enginegine of -- sole of growth. we need performs for long-term prosperity and to invest in the future. all of our countries could be in

the eu is not a united states of europe. the eu member states continue to exist as independent nations. so what is the eu? when all is said and done, my belief is that when it comes down to is that the eu is a super nationalist project. the eu member states in the interest of realizing an unprecedented degree of peace comes to build and prosperity are pooling and those really pushing significant elements of their national sovereignty. they are ceding large aspects of their government and lawmaking powers to the super international, super nationalist institutions of the eu that are distinct from eu member states and function independently above the national level. the essence of european project, not just the nuts and bolts of how the eu works but the hope behind the european dream, the heart and soul and mind of the eu is precisely this super nationalism. the process of european integration arose out of the ashes of world war ii. and the determination of european leaders that war should never again rise of european soil, tha

europe is catching up and europe is looking to us. you cannot deny the biggest economy in the world, the biggest single economy would have a less influential part to play in these international agreements than britain would with a relatively -- with important financial services center. it's not the same size banking market. >> i think paradoxically what he might get is an intense indication of european influence and global conversations about these matters because you would have not just the eu speaking in its own voice but you would have the uk with all its influence in financial affairs around the table as well. a lot of coordination between -- one of the difficulties is that we as a country now are more and more often outvoted in the european counselor of ministers. it's hard sometimes to maintain that we are effectively influences proceedings in a way we would like. and i think there are other ways to get financial influences. >> i don't disagree with you. there are many things wrong with the european union but would you not agree

and that debate, i think, is accelerated in europe. but i'm confident that the ties that bind europe together are ultimately much stronger than the forces that are trying to pull them apart. europe has undergone an extraordinary stretch of prosperity that may be unmatched in the history of the world. maybe i am matched in the history of the world. if you think about the 20th century and the 21st century, 21st century, europe looks an awful lot better. i think the majority of the europeans recognize that. they see that unity and peace have delivered sustained economic growth, reduced conflict, reduced violence, enhanced the quality of life of people. i am confident that that can continue. i do believe that it is important to watch out for some of these fault lines that have developed. in that sense, i do think, which, if i am a citizen of the uk, i am thinking about it in terms of how is this helping me. how is this helping the uk economy. how is it creating jobs here in the uk. that is the right way to think about it. i do also think o

pushing europe. i still don't think there is an agreement within the european union in part because of these privacy concerns but my information may be outdated. and then of course individual member states have their own privacy laws that have to be -- once you get a european union level agreement, each european union country has to implement that agreement and different national approaches may -- and different national experiences may further complicate that. so i can't speak specifically about the laws but i do know that privacy rights are constantly an issue in terms of information gathering and sharing within the european system. >> i'll just add, on the first issue of the sanctuary issue, one thing to point out is actually we are making it more difficult for people to travel to syria and iraq. we've had some success there. success sometimes breeds other challenges and so we're seeing people now moving to libya. that will present some other challenges. i do think that the sanctuary provides both

islamist terrorists are targeting europe. the deadly explosions in brussels came just days after the capture of the suspected ringleader of last year's paris attacks. more and more, the belgian capital has been pinpointed as a place where many jihadists are based. many young men have left belgium for syria to fight for islamic state. on their return they have been able to find even more new recruits for the militants. how and why are these young muslims being radicalized in belgium? previously we went to a brussels suburb to find some answers. and we met some of the young people the extremists are trying to groom. the district of vilvoorde on the northern edge of brussels was once known as a breeding ground for jihadists. many young muslims here felt ostracized from belgian society. even today there's still a lot of distrust. >> hey, don't talk to reporters. they only what to make us look bad. >> stop filming. stop. >> but then a few do speak to us. they say they feel stigmatized because in the past so many young people from

including within europe. the fact is that in today's world, no nation is immune to the challenges that david and i just discussed and in today's world, solving them requires collective action. all of us cherish the sovereignty, and my country is pretty vocal about that, but the u.s. also recognizes that we strengthen the security through our nebshmembership in nato, ano through organizations like g7 and g20 and the uk strengthening their strength and prosperity through the eu. in the 20th century, the nations that make their presence felt on the world stage are not the nations that go it alone, but those who team up to aggregate their power and multiply the influen influence. precisely because britain's values and institutions are so strong and sound, we want to make sure that influence is heard. and it is felt that it influences other countries to think about critical issues. we have confidence that when the uk is involved in a problem, that they are going to the el h help solve it in the right way. that is

one of the most wanted men in europe. still, if in fact he was involved in the airport attack, he then carried out a second attack. i find that very disturbing. he felt confident enough to get out, put the two bombers in the airport and put these guys in the airport. if that was him. >> the tiny issue to that question, we are weeks since the belgium attacks. why are we just now seeing this video? time is of the essence with these people. they are elusive and cross borders so easily in europe. they could cross in to the united states. why would it take weeks for them to put that video up saying have you seen this man? >> i think it is a mistake. they should have put it out right away. i think the belgians are not good at this. they have a dysfunctional police force. they have -- all of these people have been operating almost in the open in brussels when it carried out attacks. from the museum attack to the paris attacks and so forth, and yet they seem to operate with impunity. i don't think they could get away with this if

europe does, and britain does. britain has a huge number of pakistanis, a lot of them well-heeled, but they have overtime before this refugee crisis faced some terror challenges with britain. i would argue, and the far right governments are not related to disaffected minorities. i think there is a latent anti-semitism coming back in europe, and europe is not prepared for it. the eu experiment, which is a great idealistic experiment, was not built on a solid enough foundation of mechanisms to resolve problems of financial problems, control refugee flows. the schengen system of open borders is a beautiful thing except when it isn't. , john micklethwait: to me, i think there is one selection of things which are pretty much the same on both sides of the atlantic, and that is the general sense of frustration that jane was talking about earlier. people waiting for le pen in france and trump in america, and they typically feel they are being left behind by the world. they are not keen on the new global world which is happ

and they will tear europe apart. >> hold on. mark, i assume it's been a long time since you've lived in toronto. is that a fair assumption? have you seen street signs? in languages you can't understand. this is the city we live in. we're not scared. >> this is -- i was born in toronto. i've been away for a couple of years. you're from quebec. you're from quebec. so you know as well as i do that the differences between quebec frank o'phones and ontario anglophones are fruitling in the scheme of things. yet a majority of your quebec francophones voted they don't want to be in the same country as these guys. and you're saying that somehow -- >> talk to him about that. >> you're saying that somehow in germany or in sweden or in molenbe molenbeek, the islamic emirate inside of the kingdom of belgium, 25% of the population of brussels is muslim. you're trying to tell us that they will be more fundamentally stable and secure than northern ireland? >> well, i think the divisions in belgium, they don't have to wait for anybody coming out

richard: yes, it is very much like europe. we have a multi-speed europe. germany is doing much better than some of the other regions. and that is true of the u.s. as well. given the regional distortions and the regional specificities, i think that makes a lot of sense, hans. guy: richard jones, thank you. stay with bloomberg after the break. coming up in a few minutes time. a wide-ranging conversation coming up there with francine. and then, a conversation on luxury with paolo scaroni. withar themes tied up lvmh. the market is taking burberry down to the 1250 level. we are trading down 7%. they have exceeded expectations on the downside. it is unsurprising to see european equity markets very flat this morning. the singapore story is front and center. "the pulse" is up next. ♪ francine: zero appreciation. singapore surprises. he president reassure russians as they enter a second-year precession. he will be quizzed on oil and geopolitics. vote cast a long shadow over the central bank. investors push back a rate hike to as late as 2017. that decision at noo

the top performer in europe. up.8. overall the basic resources higher, pairing some gains we saw just as the show got started a and. also moving we're looking at gains in oil and gas of course as we've seen oil prices get back into the positive territory. autos under performing somewhat. similar for utility, travel and leisure. but this will be good news to investors who have been watching to see how long this relief rally in europe can hold. we're now talking about gains up higher 7 out of the last 8 sessions with today's strength and of course really tracking the gains we saw in the u.s. overnight with the dow back above that crucial level. the ftsi 100 up about .8%. pairic back some strength we saw at the start of the show. the dax holding the momentum. the cac 401.2. and proneny has a new pareneron. evian besh shares up about 2%. and we've been watching remi con troe's performance in chincoint china. among the best performers there in france. >>> look in the global macro picture we want to bring in fidelity worldwi

investors are looking at europe. inthere is a lot on deck terms of european policy to deal with, particularly around immigration. that, and deal with some of the other issues, then i cannot see worldwide investors getting really positive about it, european equities. guy: thank you very much indeed here and we are performance away from the european equity market open. it is a draghi day. that means we are going to find out that it is going to be a very volatile session. buckle up. ♪ guy: you are watching "on the move." i'm guy johnson. hans nichols is over in berlin. we are minutes away from the start of the morning trading. hans has the morning brief. ecb is expected to nothing today, but recent history suggests we should expect a bumpy ride. scandal looks set to cost volkswagen $10 billion. the stock has fallen 30% in two days. debt warns that china's fueled growth resembles the u.s. just before the global recession. futures though, are pointing at a positive direction. especially if you look at the price value, u

europe. getting to merkel, if i was a britain voting, i would vote. but the campaign is not a disrep annual campaign because they're asking hard questions about europe. if britain votes to lead, i think one of the authors of that get is going to be angela merkel. because what you called a moral policy and it is a humanitarian policy is also a policy that is in many respects changing the nature of europe, changing the politics of europe, allowing very ugly political forces to rise particularly on the far right and causing brits to ask themselves maybe we do want that channel after all. we don't want to be so connected to this continent that seems so troubled and going down that. >> the far right of general extremes you can talk about the far left too. what we're seeing in the united states. the americans aren't experiencing the same problems as the europe means and yet we see this all happening. why do you think the threat is back. >> i would argue that america's always been able to absorb tha

burberry like lvmh is ebbinging to cope with demand in asia and europe. nestlÉ beat analyst estimates led by nescafÉ. sales rose 3.9%. analysts had expected a 3.6% r ise. the first quarter growth rate is the slowest since 2009 as they struggle to get consumers interested in convenience meals. unilever reported first-quarter sales growth in line with estimates and gains in its laundry detergent and personal care unit offset falling prices in europe. underlying sales increased 4.7%. the company said thursday that consumer demand remains fragile and volume growth slowed in the court. that is your bloomberg business flash. francine: think is so much. unilever warning of a tougher external environment. burberry called the current climate challenging. how do ceo's deal with slowing global growth? well, let's ask paolo scaroni, former ceo of italy's largest oil company and not rothschild. w talk to little bit about oile anda little bit about the fact that you are not overly pessimistic about emerging markets. yet growth is very difficult to come by. as a ceo,

scarlet: it would be an experiment europe as japan. what would work in europe work in japan? >> it doesn't work either place. it just the markets are happy about it. in the euro zone you need help the banks. it's good to shift away from weakening the euro which helps german exports but you need structural reform and the same thing in japan, deep structural reform and that does not happen by printing money. it will be interesting how the japanese will structure this and whether they will be willing to suffer losses are come up with a's team like mario draghi did. they are studying what he put in place. japan is really in a corner. the worst thing that can happen to the japanese is that the policies are working. if they worked, the bond would sell off. whatever they do is bad. for the time being, the currency weakens. in the medium-term, i don't think the bank of japan -- they will have difficulty for now with the rise of the yen. in the long run, the yen cannot survive this. what is the prospect of japan embarking on structural reforms anytime soon? >> they try all kinds of th