europe how stable the political situation — europe how stable the political situation in _ europe how stable the political situation in britain _ europe how stable the political situation in britain is. - europe how stable the political situation in britain is. have - europe how stable the political situation in britain is. have a l situation in britain is. have a prime — situation in britain is. have a prime minister, _ situation in britain is. have a prime minister, very- situation in britain is. have a prime minister, very stable, | situation in britain is. have a . prime minister, very stable, can concentrate _ prime minister, very stable, can concentrate. he _ prime minister, very stable, can concentrate. he got— prime minister, very stable, can concentrate. he got the - prime minister, very stable, can. concentrate. he got the vaccination at least _ concentrate. he got the vaccination at least riqht~ — concentrate. he got the vaccination at least right. then— concentrate. he got the vaccination at least right. then you _ concentrate. he got the vaccination at least right

europe eventual he came up with an. vestment program but small businesses like ricardo's felt this help came too late. i would have thought could you foresee the whole me i would have really liked to have seen a united europe as everyone had predicted a strong union with fundamental coordination. or something one of the i mean i would have liked to have seen those with more opportunities to help the others a true europe you know he and i was in the middle ok. but in the end it didn't work out that way in which everyone close the borders and said here's a brick wash your own dirty laundry at home by the spark you know about the reading . that really showed us that we can't talk about a single hero. in the meantime into an ocean and with a lot of the overall. anyone who comes to trist can still experience the charm of the old habsburg monarchy. 100 years ago the port city was a trading hub to eastern europe. the iron curtain interrupted the lanes for decades . now the city wants to return to its former glory and is hoping

flexing its muscles from the middle eastern europe from cyberspace. from afghanistan to the persian gulf the us remains deeply in tangled in conflicts it doesn't know how to result. in europe it faces allies so disillusioned that they're hedging their bets on america pushing the future of the western alliance into question. but in the contest for global power and influence one challenge overshadows all of us in china a new superpower has risen. one with the military might to challenge the west. and an economy. that's the envy used to well . as washington takes it on the brink in general trying to turn into one china with his clique. or the phrase how in i.p.c.s. found. america so diminished that china can take stock that is faction in the states of its democracy think for a moment just how far the tables of me turned just 30 years ago george bush sr hailed in america triumphant it did wonder the cold war it was in charge no substitute for american leadership in the face of terror and no one doubts american credibility and reliability no one without po

welcome to europe. it has been a bad year _ welcome to europe. it has been a bad year for travel lovers. - a bad year for travel lovers. but the pandemic has not stopped everyone. we are here to meet some people who have been blogging about their journey to europe. they are not your typical travel bloggers. that arabic word means someone who burned through borders. they are undocumented migrants passing illegally into europe. over the last few years, this group of unorthodox travellers have made a corner of youtube their home. a place where they can document their wild journeys forfriends can document their wild journeys for friends back in morocco. but are these stories of adventure and encouraging other people to make a difficultjourney? orare other people to make a difficultjourney? or are they just providing a service, showing the hardships of migration so that others will not make a fatal mistake? it is may 2020. five years after the migrant crisis that led the eu to secure its borders. but that has not stopped this man. he is in greece with

russia is part of europe. and i think this is very important whatever happens on this part of the horizon, a big part of the world. clearly the history of president putin and other leaders, they have common values. history, literature, culture, mind set. and we have to take that into consideration. second, we have our geography. it's impossible to have peace and stability in europe today if you are not in a situation to negotiate with russia. and for different reasons, largely due to aggression and the nato expansion, we created a situation where we pushed our borders to a maximum place at the east, but we didn't manage to decrease the border. i think our we should find a common way to build peace and security for the whole continent. which means, having a dialogue on cyber aggressiveness, obviously, on any aggression, on our critical countries, i would say, in this very sensitive area where you have ukraine. we need a political discussion with russia about that. otherwise, it will be our willingness to protec

to our nato alliance and i welcome your europe's growing investment in the military capabilities that enable our shared defense you know to me and to the united states the us will keep article will keep faith with article 5 it's a guaranteed an attack on one is an attack on all that is are on shakable vow and the only time article 5 has been invoked was after the united states was attacked on $911.00 you our allies joined us to fight al qaeda and the united states committed to consulting closely with our nato allies and partners on the way forward in afghanistan my dh ministration strongly supports the diplomatic proc the process is underway and to bring an end to this war that is closing out 20 years we remain committed to ensuring that afghanistan never again is provides a base for terrorist attacks against the united states and our partners and our interest our european partners have also stood with us to counter isis just this week nato defense ministers and door significant expanded training and advisory mission in iraq which will be vital to the ongoing fight against isis we can

this is "daybreak europe." i am annmarie hordern in europe with manus cranny in dubai. astrazeneca is planning to deliver an additional 9 million doses as they try to get the chaotic vaccination drive back on track and it brings the total to 40 million, half of what the e.u. had expected to receive from the drugmaker by march. ursula von der leyen last night called it "a step forward on vaccines." she added that astrazeneca would deliver the doses one week earlier than and. esty dwek is still with us. i want to get into your thoughts on the e.u. vaccination campaign. the numbers say the e.u. administered 2.6 doses per 100 people, compared to the u.k.'s 12.5 and the u.s.'s 8.8. we know the u.s. is talking about a big stimulus plan. you were addressing that earlier. what does this mean for the european union? they are the last in line out of these three big economies. esty: absolutely. we are talking fiscal stimulus, talking about biden's. you know he has two packages in mind. as we move on from this conversation, some of the european countries, there's talk of starting t

and europe. and that's the latest business update here on d w 4 more you can always check out our website at www dot com slash business or follow us on social media from in the team thanks for watching. or not to well. what about assuring the economy instead. of. the change in thinking is changing the economy to create something new. for the economics magazine maybe in germany. next on. we've got some hot tips for your bucket list. manticora. concert for food. and some great cultural memorials to boot. d.w. trouble we go. remember how almost every 2nd show about hero made was about digital disruption we used to collectively gaze into the future in the hope of a better more efficient life with less work and most spare time allowing tech to take care of things the problem was government said companies dragging their feet refusing to adopt anything.

chinese gateway to europe start feb 19th d.w. . this is d.w. news and these are our top stories the german foreign minister has rejected a french request to send additional troops to the african side held region saying more development projects on the ground what's needed instead he saw hill is struggling to contain an insurgency by islamist terror groups france has more than 5000 troops stationed there to assist security efforts. france's lower house of parliament has approved a controversy over bill aimed at curbing islamic extremism legislation expands the state's ability to close places of worship and the banned individual preaches but critics say the bill stigmatizes muslims and limits free speech it still needs to pass the senate. thousands of protesters have taken to the streets of boston munna to demand the release of a popular spanish police arrested public hostle after he was given a jail sentence for glorifying terrorism and insulting royalty in his songs last friday he missed the deadline to surrender to colleagues. this is a deadly

europe we see the port of. leave here they've got to go what they're very dangerous or kouddous and then. a smaller vessel is that with all of them their vessel is they've got to go and they're redistributed. the many other ports. but dock workers are skeptical. only 70 to 80 percent of the containers are transshipped which won't create any new jobs. the profits stay with the owner of the port. the chinese state company costco. none of it goes to the greeks. i think it's all about the expansion of chinese capitalism. the chinese state has a lot of money and this is its way of expanding and asserting its status. its position in the world the fish if. china is a world power you can't overlook that or be indifferent to it. if you walk the industry. and then you walk into streets in shanghai you don't need to do any analysis to understand why countries grow active 0 percent like here and why some other countries a girl 8 or same's i see the cost to china you just see immediately and i've been witnessing in 10 years

located in the heart of europe are connected to the whole world. experience outstanding shopping and dining offers and try our services. biala gassed at frankfurt airport city managed by from a bought. this is e.w. name is a live from berlin prosecutors rest their case in the 2nd impeachment trial against donald trump they're urging senators to convict the former president for inciting the storming of the capitol on january 6th they say the violent mob was acting on his orders to try to stop the certification of joe biden selection was our correspondent in washington for more.

europe eventual he came up with an. vestment program but small businesses like ricardo's felt this help came too late. i've looked all that you foresee in order for you to hold me i would have really liked to have seen a united europe as everyone had predicted a strong union with fundamental coordination see something sort of thing i mean i would have liked to have seen those with more opportunities to help the others a true europe you know key and obviously mineral ok. but in the end it didn't work out that way in which everyone close the borders and said here's a brick wash your own dirty laundry at home you buy the spark you know about the ruling. that really showed us that we can't talk about a single europe will be on the mend i mean think in the ocean with a lot of the old all. anyone who comes to trist can still experience the charm of the old habsburg monarchy. 100 years ago the port city was a trading hub to eastern europe. the iron curtain interrupted the links for decades . now the city wants to return to its

how can we as a major economic power in europe contribute to nonproliferation? how can we help restore negotiation on the iranian nuclear program? it is important to israel, the united states, very important to us. my own country is a nonnuclear country, we don't like new nuclear powers whether in europe or southeast asia or elsewhere in the world. >> host: one of the things that fascinates and perplexes americans when they look at european strategic discussions, the franco german relationship and we sometimes don't understand where you agree and where you disagree. in some ways it seems as germany is calling for more strategic autonomy in europe and france is calling for this and the time of charles they gaulle, in some ways the views are closer than before and yet it also seems some very significant differences remain so how would you explain to a bunch of us poor perplexed americans what is this debate and how should we understand it? >> guest: it is a very interesting debate but it is more a debate about concepts than substance. let me be very clear. in germ

to china and usa and europe can be the 3rd key player in the global arena i hope that's what europe decides to do things better. politicians in rome are also gradually turning against china. human rights violations haven't been a reason to cut down on business so far. but world wide criticism is growing. these 3 members of parliament are part of a cross party alliance on china. they want to see a tougher stance towards beijing. when you make an economic agreement with a country that doesn't respect human rights you are dealing with human rights because it means that you don't care much we need that utopia he needs to defeat another single counter each of the so you are peas already too small to add up real early with china all together but one single country can't have a stronger relationship with china and that's true so if you google in debt interaction . as equally it's sure that you will lose that relationship so i believe that is the most important mistake. above and beyond party politics be the left wing centrist. conservative what unites these politicians is the worry that eu

just one example of how much has changed since you arrived in europe. more has turned out the 5 clubs in belgium most recently spent 4 years with the smaller of the 2 bruce based 1st division clubs. so keep it in mind and i'll be a place like this. now. you can come from training and just pick up. whatever you choose you know and going there you could not we played with i was sure the beginning one where no issues with the boys you know. the boys the. boys. used. and it was just fun just to distract us from from everything that's going on around you it was more . an escape. all the trash is from all of them they'd all be you know everyone thought. we. just got next to it so we used their plastic bags from from the garbage to make. my money my friends you know stopping for more trying to . get things so them. in. that part of our lives. there's a saying in kenya nothing good comes from dunder. what worries johanna is that kids like alice sandra us still facing the same problems a bit he faced as a youngster 20 years ago. you know life is hard in the ghet

china's gateway to europe. starts feb 19th on. u.k. prime minister boris johnson has told his country to prepare for not one not 2 but repeated vaccinations in order to keep up with the mutating coronavirus the british scientist in charge of monitoring the mutations says the variant 1st identified there is changing yet again and it's migrating tonight that scientists joins me with a prediction about a variant now sweeping the planet and she has a warning the mutating virus may be able to outsmart the vaccines that were developed to stop it i bring out the berlin this is the day. we're born the virus and it is where we. were battling with a with nature with a disease that is capable of mutating and unchanging becoming monsters missile more deadly and eventually more uses them to vaccines in which case we didn't redesign the vaccine but we're still going to be doing this 10 years down the line but a virus is not going anywhere if we stay with us when we are in a race between a mutating virus and the acts of a 6. also coming up a criminal

all in europe the chinese. judge in the city is assigned ologist and author who lived in china for 6 years and observed the events around the new silk road development with a critical eye. she thinks the italian government was trying to create an economic advantage for itself but underestimated the plant's political dimensions. but a lot of thought the ricotta he acknowledged mines of this political project by a member of the g 7 had a great propaganda value also in china itself i think a propagandist the kind that an offer of this the new silk road is quite clearly and economic project and like all projects in history in china and the usa it's not in that of charity they are pursuing that own interests and. it's obvious that china is trying to gain a global foothold through key infrastructure investments such as for. trade yes to the north east of italy could also become an important logistical center for the chinese. francesco party z. is a businessman who's currently planning to bring a new investor on board

member states have done enough to ensure equity of distribution of a vaccine with in europe. i think yes that's what was the goal of going together and procuring click scenes together and this was rightfully go because now we are hearing from poorer countries within the european union praising this approach and saying we are happy because otherwise we wouldn't have had vaccines at all on the other hand we have to say that death was of course a reason for the european union to move slowly much slowly or than the u.k. for example or israel and mistakes were made that was e.u. commission president or that i funded lie and said repeatedly we were too little too late granting also ization we were too optimistic with regards to mass production of vaccines and we were also too naive maybe to believe that everything will arrive in time but still i think this approach to to procure vaccines together for so that everyone will have eventually enough of them to inoculate its population was the right step for whites decision to do. dr mcgovern your opening statement says that supply locke

probably kate but by working together not only with europe but with all their u.s. allies when it comes to very sensitive moderates we're talking about a specific technology maybe national security and acting as a joint front when responding to china if there is any kind of violation of international rules also in the relationship between u.s. and europe there is a need to strengthen the economic and financial relationship maybe that turns out like the free trade agreement comes into play again breaking it down for us jose who is our thank you so much. now in another development the united states has officially rejoined the paris climber's agreement 3 years after pulling out we're entering the accord was one of the 1st things the u.s. president joe biden did after taking office fighting to put the environment top of his policy agenda but what exactly is he planning during his campaign for the white house biden spoke of tackling the climate crisis with a green energy revolution as part of that goal he's planning to invest some $1.00 trillion dollars to make the u.s.

bend more intense and fair trade between us and europe and this is for example something where we. the problems i detest it's i think and therefore we have to walk out on the people you can hire and foreign policy spokesman of the christian democratic party thank you. germany is marking a year since 9 people with immigrant backgrounds were killed in a racist attack that shocked the country the victims were gunned down in the western city of homs by a far right extremist who later turned the gun on himself now after a year long investigation relatives of the victims say they still have more questions than answers. the bells of one else churches ringing out and remembrance of the 9 that lost their lives but for friends and family of the victims they still deal with the grief daily. basis on young here today it's been exactly a year since my son and 8 other young people write that he became victims of a racist terrorist attack and to launch locks were. on the night of the 19th of february 2020 shots rang out in the heart of how no. man entered 2 bars and opened fire killing 3 people b

there's you know washington there's us in one hand and this will see europe and within europe there are many different countries that have different takes on the china strategy . for example germany is in comparison to the us is more i would say any and more open to what's china because germany sees a lot of business interest in china and it has a very. strong trading relationship and i think germany's always called for example merkel she's always caught in between. protecting business interests versus the human interests and human rights and democratic values and i think that europe is deciding how much their way. will we prioritize business try economic development with china or will we take a step back and look at the human rights situation in china turns and you're nodding a re i mean the bottom line is the path with a united or any kind of coherent european china strategy or policy goes right through berlin berlin is going to be determinant as it was in the case of the comprehensive investment agreement and it has to strike that balance between its economic interests which are grow

jonathan: europe doesn't want a stronger currency. europe doesn't want higher yields. the chairman is comfortable with what he sees at the moment. when do we start to thing about the feedback loop if this continues? tom: it could be a deflation spiral or a feedback spiral. jonathan: don't get lisa started. lisa? she's letting ago. lisa: carry on. jonathan: all right. coming up in the eight a clock a.m. our, -- in the 8:00 a.m. hour, david malpass, world bank president. this is bloomberg. ♪ karina: in new york with the first word news, i'm karina mitchell. new research says the pfizer/biontech vaccine could help end the pandemic. the study was published in the latest edition of the new england journal of medicine. meanwhile, capitol hill, the fate of the democrats' proposed $15 an hour minimum wage maybe in the hands of the senate parliamentarian. it is part of the $1.9 trillion stimulus bill, but the parliamentarian needs to determine whether it is allowable under the rules of debate. the president has revoked a series of executive orders and memos issued by paul for

and spoke about his favorite theme of european suffer anti europe 0 been union its key members have to be part of the solution of their own security. french and german interpretations of sovereignty may remain different yet both said the relief of the new u.s. administration. since saddam's son multi-lateralism are a lot better today than 2 years ago and that has a lot to do with the fact that 2 biden has become president of the united states and starting from america of all the list in some of the munich security conference will have the whole world back at the diplomatic table this preview set the tone from the west undermine democracy doesn't happen by accident we have to defend it fight for it strengthen it renew it we have to prove that our model isn't a relic of history it's the single best way to revive lies the promise of our future. but that comeback of the west and the u.s. leadership is by no means. well let's take a closer look at this relationship with have a call a she directs the europe russia and eurasia program at the center for strategic and international studies a

but europe. elsewhere in moscow journalist waited outside a district court during a hearing in another trial against me he is accused of slandering a war veteran for rail reportedly had sought a meeting with the kremlin critic but it's unclear whether he will be able to see him before his departure on saturday. well those diplomatic expulsions overshadowed a virtual defense and security council meeting between the leaders of germany and france on friday afternoon it was the 1st meeting between anger america led to manual macro since u.s. president joe biden took office but the 2 leaders have been pushing differing solutions towards worsening relations with russia both condemned russia's actions is anglo-american. on things it's an all can his preparing a meeting we were also informed about the expulsion of german swedish and polish diplomats from moscow in connection with demonstrations connected to mr not bound. by any. we consider these expulsions unjustified and we believe this to be yet anoth

and then he set off for europe by land. in sharing his journey on youtube he has become part of a phenomenon that started two years ago. the migrant influencer. in morocco, they belong to a forgotten generation. nearly one in four young people do not have a job. but through youtube they found a new identity. this is said. better known in the world of youtube as boya vlog. he has a university degree but last year he left his home in morocco and moved to turkey. and from there he decided to reach europe on foot. a cult following with his special brand of dark humour. church bells ring. we travel to meet him in the italian city of bergamo where he now lives undocumented and is still vlogging. when he left morocco, said had no intention of posting his journey online. but his light—hearted posts mean he's creating a rosy picture of a journey that is often really dangerous. what do you think was the most difficult part of the journey? in some of your videos towards the beginning thejourney seemed kind of fun, like an adventure.

because it divides europe it exposes ukraine and central europe to russian mint russian manipulation and because it goes against europe's own stated energy and security goals the us is even threatening sanctions against companies involved in the project here in berlin the government says that that is no way to treat an ally so the big question is can merkel and biden find some sort of compromise next china the rising giant challenging u.s. leadership in almost every thinkable way and shocking the democratic world with its crackdown on freedoms in hong kong. the u.s. and china are entering a period of profound confrontation and biden wants u.s. allies firmly on side but on that merkel seems decidedly cagey. we've pressed her on this just recently asking why she seemed reluctant to line up behind the new president on china and. i believe that it is very important for the european union to have its own china policy he nonpolluting it's really no surprise that merkel is so cautious china is after all a massive market for germany's export driven economy but they could come a time when bid

chinese gateway to europe start feb 19th on d w. play play. this is d w news a live from berlin prosecutors rest their case in the 2nd impeachment trial against donald trump they're urging senators to convict the former president for inciting the storming of the capitol on january 6th they say the violent mob was acting on his orders to try to stop the certification of joe biden selection and will go to our correspondent in washington for more also coming up on the shaft and south africa the president is promising that no.

because i believe in the global system, europe and the u.s. together with our allies in the indo pacific worked so hard over the last 70 years. we can own the race for the future. but to do so, we have to be clear eyed about historic investments and the partnerships that this will require. we have to protect for space for innovation, for intellectual property, and the creative genius that thrives with the free exchange of ideas in open democratic societies. we have to ensure the benefits of growth are shared broadly and equitably, not just by a few. we have to push back against the chinese government's economic abuses and coercion that undercut the foundations of the international economic system. everyone must play by the same rules. the u.s. and european companies are required to publicly disclose corporate governance structure and abide by rules to deter corruption and monopolistic practices. chinese companies should be held to the same standard. we must shape the rules that will govern the advance of technology and norms of behavior in cyb

come to europe. it will be marvellous this summer in france _ it will be marvellous this summer in france can — it will be marvellous this summer in france can you _ it will be marvellous this summer in france. can you imagine _ it will be marvellous this summer in france. can you imagine not- it will be marvellous this summer in l france. can you imagine not spending a holiday— france. can you imagine not spending a holiday in— france. can you imagine not spending a holiday in france?! _ i'm vaccinated, i will go to france. i'm coming with you, if that's all right? even though stephanie can come with you. simon, what about you? i spent the last two days with my 18—year—old, she is about to finish her a—levels, looking at places in greece. what we were looking for is, can we refund this if we can't go? that was the big issue. we are all doing our bit to boost the european economy this summer if we can possibly get to the mediterranean. my thanks to marc roche, stephanie baker and simonjac

and from there he decided to reach europe on foot. with 1.5 million views on his channel, he has built up a cult following with his special brand of dark humour. church bells ring. we travel to meet him in the italian city of bergamo where he now lives undocumented and is still vlogging. when he left morocco, said had no intention of posting his journey online. but his light—hearted posts mean he's creating a rosy picture of a journey that is often really dangerous. what do you think was the most difficult part of the journey? in some of your videos towards the beginning thejourney seemed kind of fun, like an adventure. do you think that may encourage more people to try to take it? one person who has been influenced by videos like said's is anwar. he is still making his way across greece, following a route that he spent years researching on youtube. he is constantly on the move so we're following his journey online and chatting on whatsapp. to cycle all the way to italy. like said he does not make it very far before he is arrested.

thousands of migrants dream of reaching europe. but at the eu borders they often get a rude awakening. likeere in theosnian refugee camp lipa. it recently burned to the ground. people have to brace the bitter winter cold. authorities ve set up w tents. but there's still no running water or electricity. from here, the eu seems within reach. for most migrants in the lipa camp, bosnia is just a transit stop. their goal is reach theu and so they try and try to cross the border to neighboring croatia. for raheel zaf'r the living conditions in the camp are so terrible, that moving to a nearby forest seemed like a better option for him. his big goal is to someday make it to germany. and he's willing to endure numerous hardships to make his dream come true. >> this camp in the forest is what young pakistani raheel zafar has called home for three months. he shares his home-made tent with five other men. >> there is my sleeping bag. here is potato, chili, water, everything we have for dinner, onion. this is my food. >> every few days, aid or

if you look at the differences between europe and u.s., europe 93%, u.s. went after 33%, talking about 423 billion of debt restructuring in the world, as of which only europe really went into a lockdown, almost from a physical point of view but also from a restructuring, financial point of view, because of the protection, is what americans call the kicking the can down the road. for what we have been seeing in europe, we have seen happening, as often is the case come in the longer period in the next couple of years in europe. francine: stefano, is it healthy companies that are, you know, going bankrupt or researcher because of the pandemic, or is it companies that would have not survived anyway, it would have just taken longer to get there? stefano: it would be more the second case. companies that were struggling before and that were limping around and have been put into the debt in kind of a frozen state, but now they will not be able to survive after that, and, to some extent, this is the better cleaning that did not happen and happen that every crisis.

growth rate will rebound more strongly than in europe. so in general terms, the scale of the stimulus will be more supportive of u.s. growth than a smaller fiscal stimulus is going to be against the backdrop of a bigger drop in demand in europe. so i think without a doubt, the recovery back to prepend them at levels will be a lot quicker in the u.s. then it will in the euro zone, but by the same token, you could compare this fiscal stimulus to any fiscal stimulus. it is still filling a whole to some degree rather than just adding to an underlying level of gdp, like for instance, back in 2018. so there will be some risk associated with it, but for a lot of people, it is replacing lost income. it is not just an additional sugar rush on top of that. alix: that is a really great point. janet henry of hsbc, you are going to be sticking with us. all of that draghi hope is now in the market. we will when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to s

we need to engage with europe, stronger together in the world. there is every chance that the europeans will be the ones who put the u.s. and tehran back together in a single room. let me make one other point, picking up on something heather talked about, which is global climate. a very important segment of this speech was china. the u.s. and its confrontation but also its cooperation with china. we are not going to resolve global climate without working closely with china. even at the same time, we have to face the challenges that are coming out. europe will be key here. climate will be an important opportunity for cooperation with china. i think that was a subtext in the speech as well. >> this has been an all star panel. my thanks to each of you for your brilliant insights. admiral, kelly o'donnell and heather, thank you. >>> state department spokesperson ned price will join my colleague to talk about president biden's foreign policy. that's today at 3:00 p.m. eastern right here on msnbc. >>> in a few minutes, we exbekt -- expect to see dr. fa

it's "daybreak europe." a huge day for covid results across europe. we will speak with unilever and the cfo of deutsche bank. the treasury curve steepen spirit stimulus expectations rise. loretta mester says policy is in a good spot. james bullard does not suggest tapering just yet. u.k. officials say the nation has passed the peak of the latest virus wave. attention now turns to the bank of england's role on decision day. we are waiting for the deutsche bank numbers. we have had lots of bloomberg scoops this week. the trading, those meat-eating bond traders. commodity and equity traders on wall street with a fairly robust investment banks set of numbers. let's see if that is what they deliver. we are looking for that revenue on the investment bank of $1.4 billion. good morning. annmarie: steven arons with this group before the results this morning. the ceo is really leaning into the trading department in order to be able to bring some profit back into deutsche bank. it's going to be interesting to see what they performed today because of course we al

china's gateway to europe. starts feb 19th on d w. washington . a pandemic killing hundreds of thousands. an economy on the brink. a nation profoundly divided the biden era has opened set by crises at home and the rest of the world looks every bit as daunting russia is openly hostile. flexing its muscles from the middle east europe to cyprus moves . from afghanistan to the persian gulf the us remains deeply in tangled in conflicts it doesn't know how much result. in europe it faces allies so disillusioned that they're hedging their bets on america pushing the future of the western alliance into question. but in the contest for global power and influence one challenge overshadows all of those in china a new superpower has risen. one with the military might to challenge the west. and an economy that's the envy of the world. as washington takes it on the brink and generally try to turn to one china looked on with obvious glee. who share with the phrase how in i.p.c.s. found that she may or demean. america so diminished that china can take stock satis

the paradox here is that europe probably would not have. taken any strong positions or made any ostrow statements had russia not arrested them while they the way they did it as soon as he stepped off the plane so i find it a little bit puzzling i think that if europe wanted to keep a sorry if russia wanted to keep europe away from its domestic life from making comments and saying things then they should not have done that i mean they must have understood that if you live in a flawless in from the main i mean attention will be banned if they arrest him then there will be western reactions deliberately done and yeah that's and why i don't know you know it's a very good point that we've been asking the very same question there's also the nord stream to natural gas pipeline between russia and germany it's almost completed and it has become politically very explosive the german government as you know stands behind the project the united states says the pipeline threatens european energy security this is what the white house said today about the

partnership between europe in the u.s. in my view is and must remain the cornerstone of all we hope to accomplish in the 21st century. just as we did in the 20th century. the challenges we face today -- the challenges we face today are difference. -- are different. when i spoke to you, the global dynamics have shifted. new crises demand our attention. we cannot focus only on the competition among countries that threaten to divide the world or only on global challenges that threaten to sink us altogether if we fail to cooperate. we must do both. we must work in lockstep with our allies and partners. let me a race any lingering doubt. -- let me erase any lingering doubt. we will work closely with our european partners across the continent, from round to riga, to meet the range of challenges we face. we continue to support the goal of a europe whole and free and a piece. --at peace. the u.s. is fully committed to our nato alliance. you know, to me and to the u.s., we will keep faith with article five. it is a guaranteed. an a

in the middle east and europe and elsewhere. while the united states is undergoing a thorough review of our force posture around the world, i have ordered the halting of withdrawal of american troops from germany. i am also lifting a cap imposed by the previous and administration on the number of u.s. forces able to be based in germany. i know the past two years have strained and tested our transatlantic relationship, but the united states is determined to reengage with europe. to consult with you. to earn back our position of trust and leadership. earlier today as was referenced, i participated in the first meeting of the g7 leaders, where i spoke about the dire need to coordinate multilateral action to address covid-19, the global economic crisis, and the accelerating climate crisis and so much else. achieving these goals is going to depend on a core strategic preposition, and that is the united states must renew america's enduring advantages so that we can beat today's challenges from a position of strength. that means buildi

than there is in europe. there has always been the skepticism around what europe can only do on the fiscal side versus what the u.s. can do. covid trends, we were really expecting heading into this year in europe. all of those together create more optimism around the recovery in the u.s. then we have had in europe. the sad thing i would say is that in europe, there is -- investors are stuck and there is no inflation mindset. we have seen this commodity upswing. even in europe, we have not seen nominal rates captured as much in europe as we have in other currencies. guy: christine lagarde was saying we are a long way away from having to worry about inflation in europe. how long do you think it is? is there anything in the forecast horizon that suggests the ecb is going to get anywhere close to 50%? imogen: i think we have a more bullish outlook on inflation through this year. we think inflation could get to 1.5% by the end of this year. over a reasonable forecast horizon, i think we are talking about a reducti

but in europe there's a. morning when for accepting money from the new superpower will become dependent. on it because of the state. the chinese state has a lot of money at its disposal. and that's how it's expanding and asserting its status and position in the world. china's gateway to europe. starts feb 19th on d. w. . germany's long lockdown is getting longer much of the country has been shut down since december and chancellor angela merkel says the coronavirus restrictions will be extended another month into more every time a possible exit is pushed further into the future the likelihood of a public and political pushback groups today the chancellor warned the new strains of the virus now threaten to wipe out any success a new day.

and europe when and if it happens. kailey: we were speaking to peter about an hour ago, -- about half an hour ago, he said he was worried about inflation and the potential that for the markets, you could overshoot on the stimulus front. do you agree? is it possible to go to two big -- to go to big -- to go too big ? >> i'm skeptical, obviously we will get inflation, probably going to 3.1 by may. but what the stimulus does potentially do, the risk is not going to come from the slack in the system, i think the risk on inflation this year is for the expenditures switching back from goods to services. those are going to be some large increases. we have assumed that travel and apparel is going to in greece -- to increase prices. if they increased by an additional five percentage points, you have to increase cpi. provided there's a lot of demand and stimulus and people have spending power, those sectors that will already benefit from the vaccines will feel that pricing power. so there is scope for them getting much more of a

this is such a big sector in europe. we have seen previous days of the past week that they have done well, so that outperformance should continue considering what metals are doing today. anna: let me ask you about the bidding war we have seen for g4s. where has that got to? >> garden allied had been saying -- had been in this bidding war for the company. their last offer for g4s is their final one. that offer is 235 pence, about 12.6 percent where g4s' current price is. they say above this price there are better and less opportunities available. garden says they are disciplined buyers and will not overpay for a company with systemic esg issues that continue to come to light. strong words. anna: it is all about the dividend. >> dividends looking unlikely for their fiscal year. they reported this late friday, so we should see reaction today. premarket shares down 4%. their executive board decided they are going to suspend the dividend for fiscal year 2020. this comes as they are preparing their annual statement and looking

draghi was the man during the crisis of europe who saved europe. because in italy, a lot of people think in the past. europe is not a problem, and that is not true! europe is not our only possibility to abdicate from our crisis. so mario draghi, that is absolutely the simple, because he is the italian who saved europe, and he is the italian who saved our country. francine: matteo renzi, thank you so much. i can tell you with so much chatter on the markets with the fact that so many market for dispense heard mario draghi -- market participants heard mario draghi speaking english, and they heard him speaking italian for the first time. matteo renzi, head of the italy viva party, thank you very much. coming up, our interview with mario monti at 9:30 a.m., london time. this is bloomberg. ♪ bloomberg. ♪ francine: economics, finance, politics. this is "bloomberg surveillance." i am francine lacqua here in london. let's get back to the markets, and the treasury curve, five years of expectations over the saudi government's decision to leave long-term d

there some in europe? pieter: there are couple of spacs listed in my home country of the netherlands. i know they are loosening the regulations to allow some spacs there. it is not very well constructed in europe. for u.s. spacs to focus on european markets, particularly smaller companies, it is difficult to build the kinds of relationships especially that we have in the market cap range. there will be an attempt but i think it will be difficult for people to execute. vonnie: are you raising money in this environment? what is your experience with what is happening with institutions? it is a zero interest rate environment. it seems like everyone is raising money. pieter: based on our experience in other areas, if we do see opportunities, it is definitely in the acquisition arena. europe is still quite conservative in terms of capital allocation, so there is a lot of room for improvement. if we were to start a new strategy, long short strategy, if we were to start another strategy, it could have an activist

in europe, they are talking about 4%. you could say the uk stimulus package is pretty weak compared to its competitors. very difficult to compare because the uk has been a bit more generous on the support scheme. which bucket do you put this money into? the question will be, as stephanie was saying, the lesson from the financial crisis was that those who did more earlier did better. if biden's saying, "i can't spend too much", people would say that the lesson in the uk was that we didn't fix our banks quickly enough and the us did. most economists would say the risks are on doing too little, not doing too much. fascinating. let us go to europe, where growth has been sluggish and unemployment, especially amongst the young, has been high for a decade now. will the pandemic exacerbate the problems in the european economies? will it open up structural cracks in the eurozone? with very different budgetary positions in the respective nations, will the response in europe be further integration, of taxation, for example, or will

has been living in europe since 2007. his 2 kids were born here in belgium and they called the country home. just one example of how much has changed since you arrived in europe. from all those turned out for 5 clubs in belgium most recently spent 4 years with the small of the to bruges based 1st division clubs. as a kid in my didn't i would be a place like this. now. you can come from training and just pick up. whatever you choose you know and going there you could not we played with the beginning one where no shoes even the boys you know. the boys the. good boys at home with me. you know and it was just fun just to distract us from everything that's going on around you it was. an escape. all the trash is from all over on it all because not everyone thought. you know. we. just go next to me so we used plastic bags for the garbage to make. my friends you know stopping for trying to go into the dump good things so then. yes it became a. part of our lives. there's a saying in kenya nothing good comes from dunder. what worri

europe has ordered around 2300000 vaccines for 448. citizens and the population which is one to 5 u.k. has over 400000000 vaccines for its 68000000. population which is around 6 vaccines to once it isn't and this is exactly what troubles me when we look into the global situation where we have regions where they don't have even just a vaccine proceeds and or let alone. twice and so on so i think. the idea of sort of dirty of the e.u. that is the way how we should also handle on a global way although i know that some countries have been more aggressive like the u.k. or trump or the. right and also how they dealt to beginning with the price politics and so on so there are so far successful but when we think oh no more regional and global weight national. solutions were never the best way to deal with spending make alexandra staying in europe just for the time being would you say that brussels and e.u. member states have done enough to ensure equity of distribution of the vaccine with in europe. i think yes that's what was the goal of goin