if the united kingdom leaves the european union this creates a european hard border between the two parts of ireland in complete contradiction to everything that been achieved in the peace process in the last twenty years and the irish government have made it very clear that part of the deal that the u.k. has with the european union will be resolving that border question but the united kingdom has not come up with any proposals of the how that is going to be done they just keep on going round and round the problem or let's bring back jack harbaugh into the conversation and talk a bit more about corsica and franz when it comes to the size and clout a lot of people would say that corsica is nowhere near catalonia because corsica is still very reliant on mainland france so explain to our viewers around the world what is behind this desire for greater autonomy and in what ways do nationalists in corsica feel they can benefit from being less tied to the central government in paris. yes indicators of corsica during indication is not it couldn't make is co-chair or course again depends on french

the european union on many issues. noways one of the countries having the largest portion of foreign labor from the e.u. countries in the way and we depend upon the workers and labor force from from other european countries. i think we see a more optimistic picture looking at the developments in europe than we had just a year ago and the economy is looking better and unemployment is the creasing and there hasn't been any domino effect. the reason why our model will not be a good fit for u.k. now is that we have the four freedoms including the movement of labor and part of the reason for u.k. wanting to leave the european union was not to have a free moment. neighbor so i think. for obvious reasons this will not be your case model because we also need to implement all the regulations for the single market with less decision making power than u.k. has today. so i think they want to have the first freedoms and the single market regulations and a mission perhaps and just say here opinion and i don't know. what that intervi

and, brian o'connell, as another european looking in on this, do you think the european arrest warrant and euro poll and all that can be taken for granted, low hanging fruit? we should be able to take it for granted and people's security is paramount above trade and everything else, but the tone of the remarks probably betrays the level to which this relationship between britain and the eu counterparts in this negotiation have reached, they're really, really poor. as polly said, you must have an independent arbitrator and it will probably be the ec] and if it crosses one of her red lines i think she will have to suck it up in the end because she'll have no choice. you cannot go into brexit without some form of deal on extradition, basic things like that, on cyber and all kinds of other stuff. intelligence agencies will talk to each other anyway whether or not there is a deal. i think the tone is very illustrative of where things are at the moment. i want to hear from vincent because, obviously, your specialism is a different continent, a complex patchwork, security, economics, politics

europeans will elect a new joint european parliament one in the autumn a new commission is going to be appointed in november twenty nine thousand the second and last period of office of donald tusk the president of the council is going to come to an end and these are all developments that we need to prepare for now. partly means institutional progression particularly preparation a part of the parliament for the next european elections and in this context we're going to talk about what our. challenge is already a candidate which is very much a part a political issue of the group i belong to the european peoples party has already decided that it is part of the bylaws of the party but the fact that the u.k. is going to leave i mean is that seventy three thousand seats in the european parliament are going to be vacant in the european parliament is suggesting that twenty seven of the seventy three seats are to be unique distributed while the others are to be saved partly to be holding the reserve for the future that i expect that suggestion to meet with a broader agreement on part of the he

on defense and european union by definition is a redistribution a union putting these european union is normally spreading its funds around to spend where it is most effective it's there it is the. character. to think if these two things put together will one day give us the defense union we're in european union bigger countries will also spend. where they can spend effectively not necessarily on their own army this would actually make european union really to compliment nato in addition to military mobility where you can really help nato to protect europe do you think this might be the future of prescott a full fledged european defense union with distributional character thank you. it's been the. if you're the first new but i firmly believe that our decision to launch pests go under your presidency was a huge step forward and we should also not forget that there are two strands to that we have the military part and also the civilian part of it. so i wouldn't want to underestimate the importance of building up the civilian branch as well i just returned from kosovo all. of it if we w

and germany's probable new government gets the european stamp of approval and not just because berlin will contribute more to you budgets forget the details from our brussels correspondent. great to have you along everyone. has the feud over north korea's nuclear program moves to center stage on the eve of the olympic games in south korea u.s. vice president mike pence has arrived in seoul and is promising new more aggressive sanctions against the north in met with south korean president moon jay in following on his warning not to allow pyongyang to quote hide behind the olympic battle and today kim jong moon presided over a military parade a show of force after sending athletes and performers over the border all that move is seen as either a bit too thought relations with the south or a ploy to provoke the u.s. north korea and the united states are still sending mixed messages a day before the twenty teen winter games. despite signaling it was willing to talk north korea hasn't traded the same for the olive branch quite yet pyongyang staged a massive military parade marking the found

arrests eight on european arrest warrants issued by other member states the european arrest warrant has also played a crucial role in supporting police cooperation between northern ireland and the republic of ireland which has been a fundamental part of the political settlement there. second cooperation between our law enforcement agencies means the u.k. is one of the biggest contributors of data information and expertise to europol take for example operation tree arch where police in the u.k. worked extensively with europol in the czech republic to crack a trafficking gang involved in labor exploitation third through the shannon information system to the u.k. is contributing to the sharing of real time data on wanted criminals missing persons and suspected terrorists about a fifth of all of the circulated by the u.k. with over thirteen thousand hits on people and objects of interest to law enforcement across europe in the last year alone. the u.k. has also driven a pan e.u. approach to processing passenger data enabling the identification and tracking of criminals victims of traffickin

hate speeches are coming from presidents from governments from politicians look at the european union the european union is also one of the reasons where we are listening to hate speeches and this wouldn't be possible before it is new well as legit from my eyes i also look at the european union which is doing a good job of taking hate speech off line which is pushing back and we've seen some improvements in this regard in the last few months i'm not discouraged at all i see a long way ahead it's a difficult it's going to be a difficult pathway but i think in the end we'll get there with the commitment of young people in our societies the resilience of civil society at the increasing convergence of faith communities to do something meaningful to challenge understands that you are optimistic that's your job but let's be realistic again. let's have a look in poland let's have a look in hungary let's have a look in france let's have a look even in germany a very successful growth of parties who are anti democratic a part of their rhetoric is the headline hate discrimination of my sexual d

of another very important player in european politics and that's the president of the european commission and his influence can be felt in that coalition treaty we caught up with younger yesterday evening and this is what he had to say about this. inclusion is that i wasn't able to study the finer points of the coalition deal but i've been told that europe is mentioned three hundred twelve times what other country has made such a commitment to european topics right from the beginning. i welcome this and i especially like the chapter on europe as a couple. so no huge surprise there are very happy european commission president in there but still there still some conflict also on the european side even if it's mentioned three hundred twelve times and that is because this coalition treaty this coalition deal is closer to a gentle include your crew in visions it's a little bit farther from what the french president in money or in my call in visions for the future of europe max we also have to say that

second world war as every word in the word our foundation the idea of the european union human rights democracy and it's not getting better it's changing we have some improvement it's a very diplomatic world changing to a good changing to the bad change to the good in some places but right i am very concerned about the situation of human rights in europe today we have a lot to do across so many issues so many groups migrants older people at the disabled there's a huge program of work to be done but much the challenges with the achievements that you have said that khloe twenty seventeen was not a great year in terms of respect of protection and the promotion of human and fundamental right not a great year that's an understatement now i agree it was a it was a very very challenging time it remains a challenging time to take the migration crisis it's still a crisis we still have not a crisis because of the migration it is the crisis of democracy in the member states of europe it's a crisis of migration policy in other words i largely agree with you it's about a failure to show solidarity

a lot of sighs of relief i imagine over there from germany's european partners. there are some sighs of relief and by the way the international press for example this belgian the sua wrote just that they said germany restarts and europe breathed a sigh of relief we talked to a lot of people about that including european parliamentarians and like hans just said they're all pretty excited about the chapter about europe and we shouldn't forget that mot insurance wasn't only the head of the european parliament but he's also a close friend of another very important player in european politics and that's the president of the european commission and his influence can be felt in that coalition treaty we caught up with younger yesterday evening and this is what he had to say about this it helped inclusions that i wasn't able to study the finer points of the coalition deal but i've been told that europe is mentioned three hundred twelve times what other country has made such a commitment to european topics right from the beginning. i welcome this and i especially like the

from rebels in there with the analysis in frankfurt thank you the european commission says it's serious about fighting cartels it's just announced fines topping half a billion euros in three anti-trust cases the companies targeted included maritime cock areas spock plug suppliers and brake systems supplies they fix prices and exchanged market sensitive information over the years. well the people the e.u. competition commission emigrate to wanted to send a message that the european commission will not tolerate anticompetitive behavior. today the commission has decided to fine seven companies a total of five hundred sixty four million euros for taking part in for it difference act cartels relating to cars. and three other companies involved in these cartels well they excrete us getting a fine because they came to us to reveal the contests in the shipping industry the fines effect a chilean car shipping carrier three japanese carriers as well as a norwegian swedish carrier together they formed a deep sea vehicle transport cartel for almost six years. in the automotive parts industry german

and the european union over those products then fizzling will have that coming right out. and why. a trip by airplane. seventeen thousand kilometers in six weeks. to months troops. are going to experience a. touching story. or this is our home as god's country or for listening to other better please sit down a single moment structurally starting from morning twenty seven. people at. a trade war is brewing between the e.u. and us reports the european union is preparing town took starts on american products for motorbikes but with. a u. turn to general motors it looks like the u.s. automaker could be staying in south korea after all. and cash strapped venezuela wants its own votes. currency to drum up funds the petro a stroke of genius or an act of desperation. i've been physical and let's do business a trade war is in the air and the e.u. is preparing for it authorities are getting ready to slap high tariffs on american products like whiskey orange juice and motorcycles if donald trump carries out his threats he'd imported steel with punitive measures u.s. secretary of commerce wilb

and the european union. we want this special partnership. part of my reason city in new york today is about using the new establishment of the u.k. board of trade to ensure that we are seeking new investment opportunities. attracteeking to investment and to the u.k. to ensure that every part of the u.k. benefits from the new opportunities as we leave the european union. andie: that is great definitely the tory party line, but welsh people are not necessarily full throttle when it comes to support for brexit and the process. wise theresa may against another referendum? alun: there's a awful lot of noise out there at the moment. there has been a referendum and we have an obligation to deliver on that referendum. if you look at exactly what is happening and investment, to the coming to the u.k., it was stronger than was uplift in the last quarter and we are determined to deliver this smooth transition. you heard jim mussina earlier on in the show talking about the deals. no one predicted we would get such a positive deal at the european council

european union. european council called it pure illusion. illusion. leaderjeremy corbyn will set out his alternative vision. his alternative vision. this ambitious managed diversions stand today? stand today? brexit in a cabinet, or war cabinet, to discuss what happens next. to discuss what happens next. between the government and the opposition. opposition. the mid—stage that we are now looking at. looking at. showing his hand on where he is on brexit so much, so far. brexit so much, so far. retake the labour party with him to vote against the government? vote against the government? what's the answer to this? the answer to this? i think he probably won't. probably won't. voters who voted to leave the european union. european union. this country and you are seeking to thwart it. thwart it. question is, could he defeat the government, and that i don't know. government, and that i don't know. union, some conservative mps with vote with him. vote with him. it the prime minister playing a blinder. blinder. that you now understood where the government s

transfer hi barbara what exactly did the european parliament vote on today. the european parliament sent a very strong message to president telling him to return to the rule of flora because they say as things stand in turkey these days they see via human rights breaches on a daily basis the judicial process has become totally arbitrary and there simply is no rule of law anymore many of people many of those people have been thrown in jail and the parliament talks about fifty thousand are in jail for more than a year without having gone to trial without even having heard accusations so this is a very strongly worded message and also parliament has taken the pains to sort of make a long list of human rights breaches that need to be amended and they really appeal to are telling him this cannot carry on we really have to change the relationship was tricky on the basis we are on it's not really supportable but the diplomatic channels are still open barbara president carter while as we said is been invited to a round of talks in bug area in march why is this summit

that's a look at your european markets. vonnie: some interesting dynamics here at play in the united states. we have a little countdown vix today. i would not say calm. we were used to levels at or below 10. still interesting to note that the move index has not been becoming like the other index. up, butty is still that's making equity investors nervous although we are not seeing it so much today. the yen is a little stronger. again and 107 once the canadian dollar is interesting as nafta negotiations get underway this week. 1.2 684 on the back of canadian data as well. i thought i would point out that the 10 year yield is back to 2.85%. we are coming up to the end of the month as well so positioning is taking its part in the drama as well. wm go fork at world markets. the european session was nice and green. we also had a green session in asia as well. so far it is bleeding into the u.s. session. we will see if that holds throughout the day. nejra: all right, let's get more on the markets now. mike bell, global market stra

barely stomach the post to crackdown orchestrated by turkey's president under scrutiny today as the european parliament examines that country's human rights record. i'm soo so much going to thank you for joining us north korea has staged a military parade and rally just one day before south korea opens up the winter olympics not the timing of this parade is that being seen as a provocation john yeah usually holds it in april to mark the founding of its armed forces now is speaking at this parade north korea's leader kim jong un said his nation had become capable of showcasing its stature as a world class military power to the world. well meanwhile u.s. feist president mike pence has said the world should not become distracted by warming ties between south and north korea it comes as the two nations prepared to join up under a unified flag at the winter olympics in chang earlier today pence landed in south korea as we said he was previously dissing japan while there he said the u.s. plan to shortly unveil a new aggressive sanctions against the us he said washington could not allow young young

in may 2019ill have the european elections for the european parliament, i would not rule out that the settling down about livingdeas the euro might come up again as the populist parties, say six months from now when the european elections approach. then the discussion will have to be about europe. that was former italian prime mr. mario monti earlier on "limerick surveillance." we just got time for the bloomberg business flash come a look at the biggest business stories in the news right now. neiman's planning an ipo of its health care division. the new company will be called healthy when he is. they're likely to use money from the stock sale to acquire money in the main businesses. it's a warning that it's a warning that's an end of the boom in london housing. according to write move, home sellers in to be more realistic about their price demand. the firm's report says that london asking prices were down 1% from a year ago. that is your business flash for this hour. just some breaking news crossing the bloomberg as well -- the allegationsg against him. this is according to his lawyer

even the mild european winter is a factor behind the shortages joint managing director marcus winkle hider says it's hard to get wood from eastern europe right now. therefore you need to europe is done mainly in winter there's a lot of moral and they can only access the forests when the ground there is frozen and there's no swarm on and they can get the machinery in to fill the trees right now the ground won't support the weight of the heavy machinery and. think of how it is lucky it can process locally sourced wood in its own sawmill that means it can compensate for the shortage of eastern european wood for now at least. germany has its foot firmly on the gas pedal after granting a permit for the north stream to natural gas pipeline from russia the first pipeline of the north stream runs along the bottom of the baltic sea from russia to love mean in eastern germany. it's just a project running alongside will double capacity of the route which currently stands at fifty five billion cubic metres critics say it will increase europe's energy dependency on russia ukraine is set to lose o

court ofjustice implies the role of european court of justice and we implies the role of european court ofjustice and we don't like that. much depends not on the european side, a lot depends on the redline that are put on the table by the british. is a big difference between you and michel barnier on any of this or do you think alike? this passivity of the european parliament is that we will be very clear on the issues of citizens right and we are very worried, i can tell you, and if you give the me the opportunity did say this to the british public, were very worried about this, that the system will be a bureaucratic nightmare for eu citizens living in britain and for uk nationals living on the continent. we want a system for the eu citizens in the future that will be very simple to. a declaration by then has to be sufficient to continue to have their rights. might i ask what happens if, perhaps over this issue, the european parliament votes down the deal or the british parliament votes down the deal? what happens if the deal is voted down? then there is a brexit on march 29 without an

mark: live from bloomberg's european headquarters in london, this is the european close. i am mark barton. stocks finishing the session. it's a sea of red as you can see across the european landscape. with theay of declines stoxx 600 falling with the biggest drop since december 2016. the worst stretch since november last year. the biggest today slump since 2.8%.016 and dropping friday ended the largest weekly fall since november 2016. barrage of statistics and volatility up as well. the european volatility gauge fear gauge up for the longest stretch since april 2016. i just want to show you some data. we had eurozone data today with economic momentum and the euroyen area surging to the fastest pace in a most 12 years, pushing firms to pile on the most additional work since the start of the millennium. to composition pmi rising 58.8 and january from 58.1 in december. unexpectedly beating the previous flash estimates. the revision mainly driven by better-than-expected momentum in the services sector. companies continuing to accumulate orders to push them to the limits of th

across the block the report paints a portrait picture of the state of fundamental rights within the european union it's a mixed picture it's a picture of what's working and what's not working we have to stay very vigilant in europe just like everywhere else in the world to protect the incredible institutions we develop that second world war as every work in the word our foundation the idea of the european union human rights democracy and it's not getting better it's changing we have some improvement it's a very diplomatic world changing to a good changing to the bad change for the good in some places but right i am very concerned about the situation of human rights in europe today we have a lot to do across so many issues so many groups migrants all. people at the disabled there's a huge program of work to be done but much the challenges with the achievements but you have said that crow twenty seventeen was not a great year in terms of respect of protection and the promotion of human and fundamental right not a great year that's an understatement now i agree it was a it was a very very chall

said nonetheless what we need now is a european moment we need to european coordination not only on defense itself but also on foreign policy we need more cohesion and we need a real investment in working together in europe going forward but we also heard today tom play u.s. and russian officials exchanging some very harsh words over that u.s. indictment of thirteen russians who are accused of disrupting the twenty sixteen election in the united states in light of that indictment melinda to what degree is cyber security a topic in munich this year. it absolutely is a topic and more so than in past years past years have talked a lot about cyber attacks in terms of extortion hacking and so on but here for the first time there's been a concerted effort to talk about the subversion of democracy as a security threat so yesterday for example there were discussions with the head of google with the heads of facebook and microsoft and certainly as you mentioned there was also that exchange between the russian foreign minister and the national security advisor of the u.s. on the same subject so absol

parliament what does the european union make of this coalition deal that was announced today. now they of course need to read it first there's some people who have already looked into the contract that was signed and they say is a lot of big words there but it's quite fluffy it's not concrete enough this is not really sort of the big leap for all that that many people here had hoped for on the other hand and there are others that say it's good that they are finally forming a government and bill and because to have no government for seven months in the netherlands for instance that is doable however to see germany wobble all over the place for months politically it's not a good look and it did make people nervous here and so there of course is a strong sense of relief at the moment you know the leader of the social democrats martin scholz talked about the new government's plan for a new awakening for europe let's look at this clip here and listen to what he had to say about the deal. with this coalition agreement the federal republic of germany will return to an active in leadi

this is about as leaving the european union. about as leaving the european union. maastricht was a fundamental change of course. of course. affairs, home affairs, social chapter. chapter. behaved themselves or a straightforward hypocrisy. straightforward hypocrisy. we now find the compromises that will inevitably have to be made? will inevitably have to be made? the cabinet about what kind of brexit we will have. brexit we will have. there is a compromise he says it is a sell—out. a sell—out. some money to the european union and he says that a sell—out. he says that a sell—out. give it his dishonesty on their part. part. choose the fundamental flaw in the approach to his speech. the approach to his speech. that last bit, he hasn't got his facts right. facts right. this point about turkey being in a customs union. customs union. speech and said of one riddled with mistakes and humbug. mistakes and humbug. views from sirjohn major and jacob rees—mogg, too. views from sirjohn major and jacob rees-mogg, too. thank you very much. have been sending from around

and appeal against nationalist unilateralism protectionism and for a joint european defense policy in a time when established security structures are under strain the war in syria tensions between the u.s. and russia disagreements between key nato allies and within the european union breaks it for example is raising questions about the future of defense policy without britain but prime minister theresa may try to allay fears calling for a new european security deal. europe security is security and that is why i have said and i say again today that the united kingdom is conditionally committed to maintaining it europe discord on the inside a united front on the outside it may be a far off dream but a european defense union is underway even if some view it as competition for nato. yes we want to emancipate ourselves but not against nato or the united states. the message from unique for europe can only be strength in unity. and also in munich turkish prime minister benelli yielder him issued a strong defense of his government's right to defend itself he said turkey was a constitutional c

matt: what does that mean for europeans and the european union? everyone was expecting a strong merkel to support matt crone in this deeper push for a deeper union. >> i am worried because the current coalition is made up of euro fighters. they basically want the united states of europe. this is a side effect of this policy, which she and her others have already started has been brexit because the british joined a football clubs and then the euro union decided to play golf. guy: i have never heard brexit described that way but it is certainly an interesting way of thinking about it. one thing about this grand coalition or small coalition is that there is a desire to spend money. it does seem as if this is the sort of single debtor of the whole thing, spending some of the hard-earned gains over the last few years. do think they are on the right course there though? at thismany to invest point in time -- does germany need to invest at this point in time? >> they are basically trying to spend more money for social programs. independentd an analysis o

the european union cannot be built against european nations. so this is total nonsense. so, how did borisjohnson's speech going down? i enjoyed by nigel eva ns. going down? i enjoyed by nigel evans. did you like what you heard and you think your appeal to remain as is likely to succeed? a lot of people who i know who voted remainders want us to get on with it now. they expect the democratic verdict, they emphasise the fact it was the largest democratic exercise that has ever taken place in the country and people have voted the way that they have. it is also about the opportunities that are not going to exist in the united kingdom. i have been to the united states of america and canada last week with the international trade select committee and the politicians we spoke to that all keen to do a trade deal with us. borisjohnson is deal with us. boris johnson is brad deal with us. borisjohnson is brad is not the politician to relay that message because for many remainers, they view him as the enemy and sheep. the fa ct view him as the enemy and sheep. the fact is he was on t

disengagement from europe and said it's time for a european moment urging e.u. member countries to coordinate not only security policy but also foreign policy the warning came from intelligence and defense officials from the u.s. europe northern africa and the middle east all of them saying even if the islamic state assume defeated the battle against jihadism could take at least a generation and the clashes came between u.s. and russian officials in the wake of friday's indictment of thirteen russians for allegedly interfering in u.s. elections the russian foreign minister. said that those. were blather the american national security adviser said the u.s. will expose and go after any attempt to use cyberspace to subvert democracy that was day two at the munich security conference i'm willin to create. also in munich turkish prime minister banal of the era issued a strong defense of his government's right to defend itself he said turkey was a constitutional country where the rule of law is strong and said no one has the right to question their government he also

will no longer be a member state of the european union says. that is what they wanted and on that day we need to have all denies that its withdrawal in an orderly fashion. so in london the prime minister and members of parliament continue to bicker over snow when seemingly willing to own up to the fact that breaks it still means something that's hard to define or agree upon why is it so difficult this late in the game let me pull in my guests tonight david charter here to my right he's a journalist with the times and author of several definitive books on bragg's it's good to have you back on the show david and joining us from brussels tonight our correspondent barbara to both of you well let me start with you mr barr and you made clear today that a final divorce agreement is anything but clear has he been saying this all along i mean the kind of shocked people. it shouldn't have shocked people if they have really watched the negotiations and the progress or non progress that talks have made particularly since december when we reached the point

so why do you think european companies invest here? >> well, fritz and for most because you're a large market. you're 350 million people and you're one of the wealthiest markets in the world, after europe. we're probably the wealthiest, we're 500 million people. you're 350. so, people want to be close to the market. that's they basic law of investment. makes sense to invest here and create stuff here. i just noticed -- i don't want to blind people with science because numbers can mean anything but affiliate sales here in europe of our companies amount to about 2.4 trillion, which is many multiples at what we actually export to the united states. the same is true by the way for europe. your companies -- your affiliates sales in europe are nearly $3.1 trillion, which, again, is bigger than all of your expert exports to the relevant e rest of the world. ours is an investment relationship, even more than a trade relationship. also a trade relationship and also an investment relationship, and i think not were standing the sort of -- not wit

our european stocks editor paul jarvis. talk to me about ryanair. stock is likely to be like her this morning. it has been weak recently. numbers, andd the it is positive. there is a lot to like about the company, but if you notice they were cautious on the comments for shares over the summer. ryanair, not so positive. that will weigh on the stock this morning. matt: i want to know about the bidding for pfizer consumer unit. what is the story? paul: yes. that's right. we wrote over the weekend that glaxosmithkline and reckitt have advanced with their offers for the pfizer consumer unit. nestle -- attime, the same time, nestle in johnson & johnson have not gone forward. shares in those companies are likely to be fairly active. guy: a bunch of stories coming out of the weekend about stressed retailers, mainly in the fashion area. paul: this is bloomberg. publishing a story this money. it is in line for expectations in line with profit. probably more interesting today is the news that matt davies is going to be leaving the company at the end of april.

but this capability is also a tool for the europeans a national possibility for the europeans to. accept more burden those who have read well the u.s. national security strategy will have noticed that they are refocusing on the biggest threats that's legitimate but what does it mean for us europeans. with you know if we. are threatened from our immediate neighborhood in particular from the south then we must be able to face these threats. even if the united nations or the alliance one ought to get less involved. and this is why we need our own autonomous strategy in the best sense of the term. in other words our capability to intervene without having to call the united states to rush to our sick bed. well. to have them relocates their ideas are means more their logistic support from other c.s. harris so the european intervention initiative can be a facilitator to us it was important that this initiative should not be dependent neither from the e.u. nor nato procedures because the abilities but also the us habitudes that have been developed in this framework shell benefits both org

have to take over european companies but it's very difficult for european companies to take over american companies but i just don't think that's true, objectively. >> i would just add, if i could, also respectfully that if there are bad policies around the world as the u.s., i don't want to emulate them. so setting aside whether something is true or not, if another country is putting up barriers, that is not something we want to emulate. i just gave sort of an off-the-cuff example of l'oreal's acquisition of maybelline which many people would think was a cultural icon and they've done a fantastic job over there. that's in a variety of different spaces. acquisitions can bring so much, not just infusion of capital, but the things that we talked about before, they can bring in new technologies, new management system, a way to not just save a failing company but to even put new juice in a company that is doing well so an acquisition should not be seen as a vulnerability. i just offer that up. >> i think we will have time for two more questions so i'll take that one in the front row. >> inves

this is the european open. i'm guy johnson along -- in the new european headquarters alongside matt miller. the open is 30 minutes away. ♪ guy: stocks bounced, asian equities climbed with futures pointing to strong wake, but keep an eye on treasury yields. they are pushing higher. the bank says the front office loan over a $3 billion provided to qatar during the financial crisis. heineken margins will grow less than its target as the second-largest brewer integrates its brazilian business. we speak with the cfo during this program. matt: we are less than a half-hour away from the european open. take a look at where futures are trading. we were up across the board on friday and u.s. trading up across the board. in asia, -- well, not across the board, i should say that. you don't see any trading in japan, but we do see european futures carrying on that global trend of a rebound -- in this case, futures. we are indicated to open up in the european cash trade stocks, as well. take a look at bunds. the treasury's

across the borders with the european union. the availability of medical isotopes will not be impacted. the import or export of these isotopes is not subject to those. our ability to import that. can i take the prime minister for taking a personal interest across the house. in the interest to get justice. these people went to their gp in good fight. is it any good news that the prime minister has. i want to say to my honorable friend. i would very pleased to meet him in indeed meet my friend to discuss this particular issue. and i recognize that there are many individuals whose lives have been affected by this. very powerful stories of these individuals. i know this has been concerned and the concerns by campaign groups not just about that. but the issues i think of highlighted that there is an issue with regulating the healthcare system and we are continuing to address it. we need to do better. we do need to see a faster more understanding response to patients when they raise concern in my own logical friend can be a little pat

well they were asked exactly about this whether we can have any faith in the european and the european union's own supervisory authorities that they're basically following the u.s. allegations the commission not surprisingly say it does have faith in european union banking supervisory authorities and they point to the e.c.b. action imposing a moratorium on v as proof that the e.c.b. can take effective action but again we should point out that these are only coming because of the liquidity problem following the u.s. treasuries allegations last week teri schultz there thanks for your coverage. and just briefly copenhagen's famous restaurant reopened on the weekend after closing down last year critics have named it the world's best restaurant for years in a row it took copenhagen on the world food map and promoted locally sourced menus turning the idea into an during trend on hearing chef and a remains in charge of returning for the global to a militant costs just over three hundred euros per person. drinks and tables in the forty seat restaurant are already fully booked for the next six

and us reports the european union is preparing to count to ten have some american products from motorbikes so whiskey. bob sell from jr arrives in india to hold his luxury apartments while preaching foreign policy sounds like a conflict of interest. and cash strapped venezuela launches a virtual currency the petro a stroke of genius or an act of pure desperation. i've been fizzling let's do business and trade war is in the air and the e.u. is preparing for it authorities are getting ready to slap high tariffs on american products like whiskey orange juice and motorcycles if don't trump carries out his threats to hit imported steel with punitive measures u.s. secretary of commerce wilbur ross says suggested the likelihood of putting a twenty four percent tax on all still imports or introducing a quota china has already promised to retaliate by putting quotas on u.s. soil and other agricultural products and there are reports the e.u. is ready to implement tariffs on targeted american products within days i asked our process correspondent muscle fund what the you has in its arsenal well first

the government wants that sorted out more quickly by the third week in march when there is a european summitand third week in march when there is a european summit and it does not sound as if things are going necessarily diplomatically desperately well. what happened today was the government produced this paper, it is tightly typed but they say in these negotiations we wa nt to they say in these negotiations we want to make sure we can still get the benefits of trade deals which the benefits of trade deals which the european union has negotiated during the transitional period, technical details that will be discussed tomorrow and next week in those talks but as you suggest the brexit secretary less than chuffed with some of the things which are coming out of brussels so far, they have set other negotiating directives and on wednesday they published what might happen if during that transition period britain disobeyed existing eu rules did not implement new eu rules and they suggest there could be restrictions on access to the single market or tariffs back and we ultimately wanted to ha

conservatives especially in terms of the european union. keeping keeping the balance in check there and now with the social democrats we're looking probably at a lot more spending in terms of the european union as well so she had to make a lot of painful concessions and. and his social democrats clearly coming out as the winner out of these coalition talks with three men to taking three ministries that extremely important to the potty when talking about finances himself probably heading the foreign ministry where he can shape the global policy international policy and also the labor ministry which is extremely important for the traditionally labor union have the social democrats you know we heard chancellor merkel say it wasn't an easy deal but a good one and it was particularly hard for her party to give up the finance ministry in particular how relieved they seem a lot of weary faces today especially after all night talks once again yet they are very relieved i've been covering the talks for about four months now or the struggles surround

[shouting]g] i have to say to them the only fiction around the relation to brexit and european union is the labour party's front bench who can't even agree with themselves on what their policy is. [shouting] >> jeremy corbyn. >> one of, mr. speaker, one of her former brexit ministers in thes other place warned the prie minister written will be walking a gangplank into thin air if she doesn't he said what she actually wants on leaving the european union. in his speech the brexit secretary also said fears about at the regulatory race to the bottom were based on nothing. so why then did his own departments exit analysis state that could be opportunities for britain in deregulated areas such as environment and employment law? >> let me say to the right honorable gentleman he talks about what we actually want to achieve when we leave the european union. i'll tell you what we want to achieve. we want to enjoy this is a country that can negotiate free-trade deals around the rest of the world. we want to ensure we have a good trade agreement with the european union, and that's what we will b

how has this european parliament resolution gone down in turkey. well that criticism hasn't gone down well with ankara for sure turkey's even says minister and the challenge today picked up on especially on the concerns regarding turkey's military or peroration in syria and he said on twitter i quote him here the concerns of our allies are baseless turkey is only using its right to self-defense and that's what the e.u. and others don't want to understand and he also accused the e.u. paul humans of showing sympathy with terrorists here referring to the syrian kurdish y p g militia he was rather silent though on all the criticisms concerning the domestic human rights situation in turkey and this might be due to the fact that i'm current now claims it actually fulfills all criteria for the long desired visa liberalization let's remember the e.u. gave turkey a list of seventy two criteria it has to fulfill on its way to visa free travel for turkish citizens to the european union's schengen zone and that includes an improvement off freedom of expression

this is the european close on bloomberg markets. ♪ mark: here are the top stories we are covering, european stocks rise, their best week in one year with u.s. shares higher after fluctuating earlier. today, negotiators want more clarity from britain on what kind of relationship it wants with e.u. after brexit. chiefk with the siemens executive joe kaeser about ray galliano -- rate elio -- ray dalio's sure on the company. after a worse week in two years, the benchmark european gauge up. last week, it fell 5%. the three-week losing run seems to be coming to a finish. sovereign bond yields, commodities. the difference between long and short data yields in european government bonds, investors say it will narrow this year, similar to -- global investors benefiting from a finding in the bunker, the german 5-30 year spread trading to the lowest level since 2016 led by increases in the shorter amid expectations the ecb will raise rates in the next year or so for the first time since 2011. by atrended is abetted inflation limiting the increase in longer-term yields. a wonderful chart. this is anothe