importstoeurope. alsohas deposits in marine life deposits in january imported to europe must be this certificate credible to certify people that they are not the product of illegal fishing and that they have been caught according to the regulations. if the. voting illegal fishing certificate is good. official legally have networks that bypass all of this. allow them to sell in the european asian and north american market fish that has been caught illegally in the consumer from north america or asia or europe will not distinguish in the market stalls. knows the fish is good but if it is been fished illegally or not that does not concern the consumer but of course this is not easy and the european union is doing all it again but don't forget that this is just another player on the global chess board and let's not forget there is great resistance and huge interests right now in our effort to form a new policy which will respect all that you mention the sustainability of the sea is met by a lot of opposi
imports to europe. also has deposits in marine life deposits in january imported to europe must be this certificate credible to certify people that they are not the product of illegal fishing and that they have been caught according to the regulations. if the. voting illegal fishing certificate is good. official legally have networks that bypass all of this. allow them to sell in the european asian and north american market fish that has been caught illegally in the consumer from north america...
europeisn'tonebigeurope. ukfollows the u.s. market with a lag. erm know used to kind of been strong and because they're so export dependent and the markets, a large part of the markets are the u.s. they necessarily have to spend. >> the world is starting to be tired of discussing crisis and the folds in action for emergency management and yes, so there is positive spirits coming back on the boards and people are looking forward to having better times. >> we are at a good point in time where we can be optimistic that there will be a pickup and do we believe it will be fantastic growth? i don't think so. i think europe still has a lot of restructuring to do. >> let's add one more voice to that case, i'm joined by dr. nariman berahovic, chief economist at ihs. >> i think we are beyond the crisis in the sense the worst of it is behind us but there's still a lot of work to be done if you think about southern europe they're struggling. northern europe is doing fine. southern europe is struggling youth unemployment rate is high. there's a long road ahea
europe isn't one big europe. uk follows the u.s. market with a lag. erm know used to kind of been strong and because they're so export dependent and the markets, a large part of the markets are the u.s. they necessarily have to spend. >> the world is starting to be tired of discussing crisis and the folds in action for emergency management and yes, so there is positive spirits coming back on the boards and people are looking forward to having better times. >> we are at a good point...
developmentofeurope. notthat the franco/german access sufficient but it is nevertheless a necessary condition for europe to move ahead. >> are you saying that that relationship is unbalanced? germany hasn't had france to balance at the end even other end and we have had too much german influence? >> it is not necessarily a negative influence. it is one part of the influence we need. i always saw germanyed a providing the rest of europe with a spirit of discipline, fiscally particularly and we need at the same time other parts in europe high on the agenda, gross imperatives and my own direct experience is that that can be played out rather well, like in 2012, where with the contribution of francois hollande, we deliver that the european council, the growth pact and acting altogether with the statement over the euro summit that declared stabilization of government bond markets necessary for those countries which were behaving well, which in turn allowed the e.c.b. to make what it made subsequently. >> mr.
development of europe. not that the franco/german access sufficient but it is nevertheless a necessary condition for europe to move ahead. >> are you saying that that relationship is unbalanced? germany hasn't had france to balance at the end even other end and we have had too much german influence? >> it is not necessarily a negative influence. it is one part of the influence we need. i always saw germanyed a providing the rest of europe with a spirit of discipline, fiscally...
no i thinkthateuropeshouldnot finance the war in syria and it is exactlywhateuropeisdoing today. europe with the united nations well obviously today we see european states shamefully financing terrorist organizations that are there for the sole purpose of overthrowing a power in place the legitimate power of bashar al assad which is a legitimate power in a country where everything was going well before the foreign invasion because that's pretty much what we have today in syria it's not civil war but a foreign invasion in syria one is trying to destabilize the region and i don't have to tell you who is of course behind this project if syria folds and other muslim countries has fallen in the few last months well this will be a positive for israel and positive for the united states and its allies and the loser will of course be a wrong that we absolutely try to isolate by all means on the international scene so there it is me i'm not for us doing humanitarian work well i think that first we should be humanitarian in our own countries because in europe should not hide from the faces
no i think that europe should not finance the war in syria and it is exactly what europe is doing today. europe with the united nations well obviously today we see european states shamefully financing terrorist organizations that are there for the sole purpose of overthrowing a power in place the legitimate power of bashar al assad which is a legitimate power in a country where everything was going well before the foreign invasion because that's pretty much what we have today in syria it's not...
europe'stoppoliticians often have their sights set on too. whenever important decisions have to be made about the eu, they call a summit meeting. >> the year was 1990 seven when a climbing party of five countries embarked on their ascent of mount europe. their mission was to conquer the summit in luxembourg. in hindsight, it was an adventure to remember. >> some countries were faster -- slovenia, hungary, czech republic. estonia, i think, as well. but the others -- i think the status of those countries was stimulus for the others to proceed faster. >> for example, cyprus, who caught up as the summit loomed on the horizon. the first task was to meet the economic and political conditions. they needed a solid base camp with stable democracy. their guide, the european commissioner for enlargement at the time knew it was an ambitious climb, and he had to convince the long-term summit dwellers, above all, france. >> the point was not that they rejected the idea of new members or that they wanted to deny particular countries access to the eu. the co
europe's top politicians often have their sights set on too. whenever important decisions have to be made about the eu, they call a summit meeting. >> the year was 1990 seven when a climbing party of five countries embarked on their ascent of mount europe. their mission was to conquer the summit in luxembourg. in hindsight, it was an adventure to remember. >> some countries were faster -- slovenia, hungary, czech republic. estonia, i think, as well. but the others -- i think the...
europeisbeginning to strength. good emi last weekandeurope. istill regard emerging markets as a valued trap. all?oid all the smart -- saidegs -- our last guest ovoid. avoid all? -- our last guest said ovoid it all. >> you have to be careful. at the moment, many of these countries are being charged with the same. what will determine whether this selloff deepens or not is the chinese new year where we already have you typically have a tightening of conditions. what is happening is that the authorities will ease some of the liquidity back into the market. things like the wealth management which is something you talked about earlier on would be results of a market friendly way. >> will be back with a michael o'sullivan. private wealth management. we will be talking more about china. the potential slow down and how that is impacting emerging markets. and tensions within japan. but that is next. ♪ >> the fed will be much more gradual and the u.k. will probably follow and europe will be more proactive because of deflation. and on the emerging mark
europe is beginning to strength. good emi last week and europe. i still regard emerging markets as a valued trap. all?oid all the smart -- saidegs -- our last guest ovoid. avoid all? -- our last guest said ovoid it all. >> you have to be careful. at the moment, many of these countries are being charged with the same. what will determine whether this selloff deepens or not is the chinese new year where we already have you typically have a tightening of conditions. what is happening is that...
europe. areyou expecting that to remain pretty much as it is for the next year, also? >> it's stabilizing. indeed, it's sad that youth unemployment is so high. we're talking about 24%, around that number in europe for people below 25 years old, especially in southern europe. if you look at spain, 56%, 57% of youth unemployment. it is very sad. what we have to do is get these people into flexible jobs, even if it's for a month or two months, we have to get them some experience so that they can build up something on their cv and i'm finally will end up in the fixed jobs. but i don't see that turning before 2015 because it's only from 2015 thanks to the demographics that they're going to be less people flowing into the workforce and people flowing out of the workforce and then the youth will have a chance again. >> eric schmidt, yesterday we were talking about the impact of technology tech logical advances and that that sends need to creating and adds to hiring. do you think that's part of the
europe. are you expecting that to remain pretty much as it is for the next year, also? >> it's stabilizing. indeed, it's sad that youth unemployment is so high. we're talking about 24%, around that number in europe for people below 25 years old, especially in southern europe. if you look at spain, 56%, 57% of youth unemployment. it is very sad. what we have to do is get these people into flexible jobs, even if it's for a month or two months, we have to get them some experience so that...
it is about growthineuropeandgrowth in the states. look at two moversineurope. sapup 1.3%. cap gemini is up around 2.3%. stocks in the european tech sector are moving as a result of this. a story this as not about just infosys, but another macro trend that shows slightly positive direction. the crisis in europe is over. there is a little more spending. almost mores to be spending taking place in europe than in the united states. the united states is still strong, but we are seeing a little bit of strength in the macro trend story. sourcing, think about it must be a lot of british companies that do that and maybe something easier from europe just because of the regional closeness. fair point. take a look at the breakdown between growth in the states and growth in europe. the percentage of sales is almost a quarter of their annual sales. it is almost down a little bit to 60%. you saw a one percent uptick in downtick in the states. there might be a slight re- ifghting towards europe europe's recovery is indeed taking hold. >> thank you so much. we will have plenty more from ha
it is about growth in europe and growth in the states. look at two movers in europe. sap up 1.3%. cap gemini is up around 2.3%. stocks in the european tech sector are moving as a result of this. a story this as not about just infosys, but another macro trend that shows slightly positive direction. the crisis in europe is over. there is a little more spending. almost mores to be spending taking place in europe than in the united states. the united states is still strong, but we are seeing a...
europeisnot part of the global conflict tracker. given its importance to the united states, is there any development in europe? thinking primarily of southern europe but including france, maybe more in the economic and financial area but with possible spillover effect into the political arena that should be of concern to the united states. >> i think the main issue and it is a huge issue of concern to the united states is that i think europe is increasingly under fiscal pressures and in those fiscal pressures nato linked military issues invariably get short shrift that if you summarize european defense spending you have a big number. if you look at the capabilities that that translates into because of the national orientation of all of the european countries it is a pretty small set of capabilities and the underpinnings frankly of the nato alliance as an active collaboration are becoming harder and harder to sustain. >> that is exactly right. our concern for the european union and nato as partners in helping to deal with these forei
europe is not part of the global conflict tracker. given its importance to the united states, is there any development in europe? thinking primarily of southern europe but including france, maybe more in the economic and financial area but with possible spillover effect into the political arena that should be of concern to the united states. >> i think the main issue and it is a huge issue of concern to the united states is that i think europe is increasingly under fiscal pressures and in...
the atlantic was dividing itfromeurope. ifthe europeans wanted to go crazy, let them, and the united states from its perspective had very little at stake. the united states was a rising power. but not yet the power it was going to become. it was in the process of translating its very considerable and growing economic power into military power. it was beginning to build a big navy, but that was still pretty new. its army was really very small, and the american army at this stage i think was smaller than the army of italy, which was a much smaller power. i think the united states did have the capacity at this stage to intervene, and it didn't have the will. as far as we can tell from american lit opinion, they've gone crazy over there, we don't want to get involved. and, of course, american opinion was divided about which side the back. all the irish living in the united states weren't going to back britain, or most of them work. you have a huge german population. what's been estimated, a quarter of all americans were of ger
the atlantic was dividing it from europe. if the europeans wanted to go crazy, let them, and the united states from its perspective had very little at stake. the united states was a rising power. but not yet the power it was going to become. it was in the process of translating its very considerable and growing economic power into military power. it was beginning to build a big navy, but that was still pretty new. its army was really very small, and the american army at this stage i think was...
he promises the up-and-coming scientists a futureineurope. justover six years ago, he was a staunch nationalist. as a member of the opposition, he wanted to have a belgrade street renamed after the serbian general known worldwide as the butcher of the balkans. >> it's a way to show that we will fight for freedom and that we love and understand serbia and the serbian people. >> today? >> [inaudible] >> now, the reformed nationalist says he wants to modernize serbia and lift it out of misery. during the election campaign, voting had to be pulled forward because old coalitions collapsed ahead of time. >> the reform is within each and every one of us, but we will live that her and no one will be stealing from you, and no one will grab from you. we will build a tolerant society of those who want a decent serbia. >> but political groups further to the right are critical of this approach. in their view, the government is bowing to eu pressure by tolerating the independence of the former serbian province of kosovo. >> with the brussels agreement, th
he promises the up-and-coming scientists a future in europe. just over six years ago, he was a staunch nationalist. as a member of the opposition, he wanted to have a belgrade street renamed after the serbian general known worldwide as the butcher of the balkans. >> it's a way to show that we will fight for freedom and that we love and understand serbia and the serbian people. >> today? >> [inaudible] >> now, the reformed nationalist says he wants to modernize serbia and...
we should belikeeurope. iwill say the one problem with the methodology is they do not look at the corporate structure. in a country like denmark, the incumbent telecom provider provides 2/3 of all the broadband in the country. they own the largest cable company, the largest telco, and the benefit is they get scale. it is like saying at&t owned comcast, which is unthinkable here, but in denmark, which has constantly been rated for broadband, that consolidation allows the company to get scale and it would be fantastic if t- mobile and sprint were allowed to come together. they could put that spectral map they would be able to get the scale they don't have now. >> my intuition is that the fcc will block a t-mobile-sprint merger and it probably should because it will be a technical nightmare to make it work. they use different technologies. instead of getting a stronger third competitor, what we would essentially get is a hopeless third competitor. they will probably block that but on the cable side, i think th
we should be like europe. i will say the one problem with the methodology is they do not look at the corporate structure. in a country like denmark, the incumbent telecom provider provides 2/3 of all the broadband in the country. they own the largest cable company, the largest telco, and the benefit is they get scale. it is like saying at&t owned comcast, which is unthinkable here, but in denmark, which has constantly been rated for broadband, that consolidation allows the company to get...
that used tobeeurope. thehard truth is if we want to maintain our way of life in europe, we have to get more competitive. that is going to require some tough steps, living within our means, expanding free trade. now, most of -- will have to be taken at a domestic level. .i'm not sure to lecture other member states will that. not least because the uk has to take more than most. when i entered office three years ago, we ufrd one of the sharpest falls in output and faced a higher budget than almost any major economy. higher than spain or portugal, much higher than italy or france. that is why we're working through a long-term economic plan that makes tougher choices necessary for our prosperity. reducing borrowing, investment in business and infrastructure, capping welfare and controlling him gragz, delivering better skills of schools. and i know that we are not alone. many of our neighbors have also taken tough decisions in recent years. we in britain should praise them for it, not dismiss them. germany led
that used to be europe. the hard truth is if we want to maintain our way of life in europe, we have to get more competitive. that is going to require some tough steps, living within our means, expanding free trade. now, most of -- will have to be taken at a domestic level. .i'm not sure to lecture other member states will that. not least because the uk has to take more than most. when i entered office three years ago, we ufrd one of the sharpest falls in output and faced a higher budget than...
but you quickly shift to the likesofeuropesowhich was it? they were created by the people. the second was that he spent his summers in england, he desired, he does have english and was desired to be accepted by his english family and the british people and his mother child, etc., etc.. he was also of the german and was subject to the imperial attitudes and so forth of germany that became in that generation from the time that the grandfather became emperor after the collapse of france industrial military power on the continent with the great army, but all i agree she said that better than i could have that all these factors come industrial, military and so forth were at the disposition committee apparatus which the individuals were operating and therefore it was very important to these individuals were, what their antecedents had been genealogical the and politically one was the emperor of germany he was physically afflicted and psychologically of a think afflicted. he had great power for i won't say call with eisel but for dysfunction, and he was constantly shifting back an
but you quickly shift to the likes of europe so which was it? they were created by the people. the second was that he spent his summers in england, he desired, he does have english and was desired to be accepted by his english family and the british people and his mother child, etc., etc.. he was also of the german and was subject to the imperial attitudes and so forth of germany that became in that generation from the time that the grandfather became emperor after the collapse of france...
ineurope, hedoes not. if you have a european farmer who has shale gas underneath, he goes mad because he sees his property disappearing because all of the rights and royalties belong to the state. the opposite in united states, where the same guy would turn into a millionaire. we have different types of regulations. anchors say that now bankers sayre -- that now infrastructure, trillions in investment will be done because of regulatory complexities. we need to do something, have a clear strategy for europe. >> you have just announced a couple of weeks ago this huge acquisition. how important is it for amec and are you willing to pay more? the world is definitely changing from what it was before. you would see one of the biggest u.s.ries in the world, the , actually trying to be an exporter 10-15 years from now. it is still producing 10 million barrels per day. at the current stage, we will be seeing a cycle that will last some 10 years. a lot of business will start to take place. what we should not underes
in europe, he does not. if you have a european farmer who has shale gas underneath, he goes mad because he sees his property disappearing because all of the rights and royalties belong to the state. the opposite in united states, where the same guy would turn into a millionaire. we have different types of regulations. anchors say that now bankers sayre -- that now infrastructure, trillions in investment will be done because of regulatory complexities. we need to do something, have a clear...
investors wereunderweighteurope. ithink part of it is a rebalancing. we think that the u.s. will probably still do better, but european stocks also should do fine. earnings growth not as strong as u.s., but valuations not quite as high. so on balance, still positive. but we think the options are still a bit better for the u.s. and europe. >> and why do you think, look, what happens with the growth gdp won't necessarily feature back into equities and you can have quite a disconnect. it does feedback into presumably what happens with yields and, you know, the pace of fed tapering. so what is going to happen there? at some point, that must feedback into -- the cost of money, that will feedback into everything else. >> sure, absolutely. much more tight correlation there between yields and what's happening with gdp growth expectations. we're looking for probably at least 3.4%, 3.5% on the ten-year treasury by the end of the year, potentially could be higher. if you look at what the range has been even over the last five
investors were underweight europe. i think part of it is a rebalancing. we think that the u.s. will probably still do better, but european stocks also should do fine. earnings growth not as strong as u.s., but valuations not quite as high. so on balance, still positive. but we think the options are still a bit better for the u.s. and europe. >> and why do you think, look, what happens with the growth gdp won't necessarily feature back into equities and you can have quite a disconnect. it...
take -- tankleavingeurope. whatare the most critical u.s. capabilities for defense of european territories? focus itselfu.s. on if it needs to focus, in capabilitiesiding forward into europe? what makes the most impact with you and your public? in our region, it is a special area because we are the nato where we have capabilities. the most important is a complex of different actions which could presence. as a , visits, arcises clear and sound political statement when they are needed. surely, the crown jewel would be the permanent presence of the u.s. troops in european soil. i would be pleased to see a permanent u.s. presence in my homeland, but i understand the reality today. baltic countries are special presenceas much as that the u.s. could produce, i think as efficient as it will be also to encourage european theiries to for so responsibility -- to fulfill their responsibility. domestic scene looks that european countries are out, and european countries are moving towards the pacific, this is something we have to avoid, both ships are go
take -- tank leaving europe. what are the most critical u.s. capabilities for defense of european territories? focus itselfu.s. on if it needs to focus, in capabilitiesiding forward into europe? what makes the most impact with you and your public? in our region, it is a special area because we are the nato where we have capabilities. the most important is a complex of different actions which could presence. as a , visits, arcises clear and sound political statement when they are needed. surely,...
youthinkeuropeis.>>europehasgone a long way away from will the yoeuro joan break up? is it still worth it? they have passed that stage. they have taken some real serious steps in the direction of banking union. they are not there yet, particularly in backstops and, you know, common resolution systems, but they have made huge progress. they have now built this potential wall, the european stability mechanism that they can erect in case of problem in any parts of the zone. so those things are good. there seems to be a common drive towards more integration and a reinforced political project. they still have a way to go, particularly in the area of structural reforms, which some of the member states have done. this is a case for spain, for instance. did certainly is the indicates for ire land as well and a few other countries, but they all have a long way to go, a lot of is sections in the economies are still very well protected subject to licensing rights, subject to authorization, and they don't unleash what they can unleash in that part of the world which is a large pa
you think europe is. >> europe has gone a long way away from will the yoeuro joan break up? is it still worth it? they have passed that stage. they have taken some real serious steps in the direction of banking union. they are not there yet, particularly in backstops and, you know, common resolution systems, but they have made huge progress. they have now built this potential wall, the european stability mechanism that they can erect in case of problem in any parts of the zone. so those...
and sends them offtoeurope. soby having a flag sometimes as far removed as mongolia when you're on your ship you are basically exempt from a lot of fishing rules because mongolia hasn't ratified certain treaties or as and . fisheries management organizations so this way you avoid many rules and regulations to is a clear loophole that needs to be addressed by the international community. the fishermen live day by day and what they earn isn't enough for them to make a living anymore. and that is why there are waves of migration towards spain with even if you get us all the list but. before when fishing when good and it fed the people. fishermen had no need to leave for europe ever they had opportunities possibilities and they were not interested in migrating. to the mood of europe as the one that organizes the flight of africans through europe organizes illegal migration to the e.u. had helped us out and come betting illegal fishing all the young fisherman who are abandoning africa instead of going to europe woul
and sends them off to europe. so by having a flag sometimes as far removed as mongolia when you're on your ship you are basically exempt from a lot of fishing rules because mongolia hasn't ratified certain treaties or as and . fisheries management organizations so this way you avoid many rules and regulations to is a clear loophole that needs to be addressed by the international community. the fishermen live day by day and what they earn isn't enough for them to make a living anymore. and that...
and fiat strongineurope. whatwe now have is a global automaker that will be able to go head-to-head with the volkswagens of the world and the toyotas of the world and g.m. and ford. which have rebounded quite impressively in the u.s. market. these companies were left for dead with the exception of ford a few years ago that had to be bailed out by the government. now they are back on their feet and driving ahead. fiat t does this mean for in the long run? the fiat end of the business is struggling. what is the future for that division on those division? how the marchionne now going to get most out of this deal? and what is the long-term future for carring in italy? >> that is the key question. while fiat is the aggressor here, they are taking over chrysler, it is actually fiat that needs the help. it is in terrible shape. demand is weak. there is enormous overcapacity. in the u.s., thanks to the u.s. economy and the fact that for all the troubles in detroit, americans do still love their cars. the u.s. automa
and fiat strong in europe. what we now have is a global automaker that will be able to go head-to-head with the volkswagens of the world and the toyotas of the world and g.m. and ford. which have rebounded quite impressively in the u.s. market. these companies were left for dead with the exception of ford a few years ago that had to be bailed out by the government. now they are back on their feet and driving ahead. fiat t does this mean for in the long run? the fiat end of the business is...
whisk in the futureofeuropeandfor those orange. yes and and today is not just in front is said and would win wimbledon little do the same daycare they will have had a considerable considerable st through to because of the books that they will be able to chew on irony. may be able to form. a euro skeptics law. music that they are so that they already having divisions and you know fight team for different points of view is usually the european far right causes you know the pain depending on season with the joining of the belgians for example he and i think it is a segment of the twelve though they will say will unfortunately be in that position because people are still in the position now economically when looking into the contest page and that's where the family. there's something else the riches and i'm someone who's written for us on the subject of an c
whisk in the future of europe and for those orange. yes and and today is not just in front is said and would win wimbledon little do the same daycare they will have had a considerable considerable st through to because of the books that they will be able to chew on irony. may be able to form. a euro skeptics law. music that they are so that they already having divisions and you know fight team for different points of view is usually the european far right causes you know the pain depending on...
the cia as the last divided capitalineurope. thereare a couple of places we can cross the border but not much else has changed since cyprus joined the eu ten years ago talks and re unification installed. you can seal launch direct contact between the eu and the turkish north turkish cypriots say that's not fair. in honor of the lean mean come on and only the greek cypriots to the eu benefits like subsidies. all we have is the ability to travel freely in europe. but only with a passport from the south. my interest in the eu and the euro has been waning in the south. europe's economic crisis has sparked heated debate about the pros and cons of eu membership. a fuming at uq we should leave the eu was a big dumb for us having sold any of the problems of illegal in the steamer of avoiding what would happen if we went to the seat. we would of gone by and dropped a long time ago a visit to the seat that fits. before joining the eu greek cypriots rejected a un proposal to re unite with the north. many critics say that was a mistake bot
the cia as the last divided capital in europe. there are a couple of places we can cross the border but not much else has changed since cyprus joined the eu ten years ago talks and re unification installed. you can seal launch direct contact between the eu and the turkish north turkish cypriots say that's not fair. in honor of the lean mean come on and only the greek cypriots to the eu benefits like subsidies. all we have is the ability to travel freely in europe. but only with a passport from...
europeisnot a constraint,thateuropeisnotpaid,buteuropecanhope, and what is the hope for the people when they look forwards europe? it's growth, not austerity. it's jobs, not unemployment. and this is what we are fighting for. we are fighting for that as well as national country by a etter economic policy. this is why also it was so important to built the banking union. it's a warranty for the future. >> speaking of the eurozone, how much has france prepared to reach out to other countries it's portugal, perhaps extend a credit line. is that something you would support for portugal? >> we are discussing that, which will meet next monday. the question is, how can they get back to markets? is there a need for a program? might be. we'll discuss with the government. we'll discuss that with our partners. if you look at yours, one year ago, the question was, will greece get out? greece is in. will cypress default? the program is on track. ireland and portugal are get back in the markets. holland already. portugal, tomorrow. i can say also that spain, one year ago the question was,
europe is not a constraint, that europe is not paid, but europe can hope, and what is the hope for the people when they look forwards europe? it's growth, not austerity. it's jobs, not unemployment. and this is what we are fighting for. we are fighting for that as well as national country by a etter economic policy. this is why also it was so important to built the banking union. it's a warranty for the future. >> speaking of the eurozone, how much has france prepared to reach out to...
the next 17 pages of that day's paper there was not a single mentionofeurope. whetherthere was any menace in europe whereas our two featured authors today have masterfully chronicled very currently the seeds of a rural world war would that were already germinating. the second balkan war had just concluded to set the stage of that in europe is building a favre rotter and more deadly confrontation. to examine all these routes is my pleasure to welcome margaret at his lead up to the conflict in her new "the war that ended peace" as she was describing the world in paris and look close my own heart. on the far side robert. i'm not sure if i can lift it but that is the book. [laughter] it is masterful i must say. it of course showed how the great war paved the way to understanding the great current that we are building in europe. and of course it's been a great passion of mine especially for much of my life in fact since college. especially my last book and shattered peace and that's coming out in the new addition just in time for the 100th anniversary of the start
the next 17 pages of that day's paper there was not a single mention of europe. whether there was any menace in europe whereas our two featured authors today have masterfully chronicled very currently the seeds of a rural world war would that were already germinating. the second balkan war had just concluded to set the stage of that in europe is building a favre rotter and more deadly confrontation. to examine all these routes is my pleasure to welcome margaret at his lead up to the conflict in...
a lot of things are happeningineurope. of10years, less than 1/3 revenues will emanate from the continent. myopically whirring about this is missing a great opportunity. what are the global drivers of value? >> longer-term. mont's jewelry -- riche third-quarter sales missed estimates. rules thators would require bank capitalization to never fall below six percent of assets. manus cranny joins us now with more. >> this 6%, let's be clear about it. 6% of assets in the event of the stress test. erse economic scenario. that is what the ecb may ask bsanksanks to have. currently, the request that banks live with 8%. this'll be tougher than the level set in 2011. we are in this zone. it is called the comprehensive assessment zone. we have a risk assessment going on. we will test the asset quality on the balance sheet. then the stress test. three components that will come through. it is all about mario draghi's sentiment. banks need to fail to give credibility. you spoke to him on this very issue. indeed it is, if they have to fai
a lot of things are happening in europe. of10 years, less than 1/3 revenues will emanate from the continent. myopically whirring about this is missing a great opportunity. what are the global drivers of value? >> longer-term. mont's jewelry -- riche third-quarter sales missed estimates. rules thators would require bank capitalization to never fall below six percent of assets. manus cranny joins us now with more. >> this 6%, let's be clear about it. 6% of assets in the event of the...
our messageineuropehasbeen that you need to do what you can do to get overall growthineuropetoa higher level understanding that not every country has an e equal capacity. there are surplus countries that have the capacity to invest more and create more domestic demand that. would be good for europe's economy and the global economy. let me put some pieces into perspective. this is how i think about the global economic recovery. we are now in a growth place that many in the world envy. we're in the 2's. people are talking about can we hit three. they are trying to get to one. there is a decimal point behind the numbers they are looking at. in our most optimistic projections, we can't make up for europe falling half a point or a point behind where it should be. we can't make up for china falling behind where it should b. when i talk to my colleagues around the world i say we're going to do our part. we're going to keep our economy growing. we're going to shoot for targets that outperform people's expectations but you have to do the same. for europe that means countries that have
our message in europe has been that you need to do what you can do to get overall growth in europe to a higher level understanding that not every country has an e equal capacity. there are surplus countries that have the capacity to invest more and create more domestic demand that. would be good for europe's economy and the global economy. let me put some pieces into perspective. this is how i think about the global economic recovery. we are now in a growth place that many in the world envy....
but you look around the restofeurope. youlook around portugal. you are in ireland you are usually greeks. i'm in now france and it's very hard to see unemployment coming down in any of those countries linear couple of weeks or so from a from your perspective they will still take a few years before unemployment starts coming down in a significant number i hope not a few more years and partly depends in the cbd and apparently depends on whether the so called structural reforms really change things i think another piece of it is that. you don't want to wait a few years because young people are out of work which had been out of work for a while it's very hard to get back get people to want to hire them the skills aren't ready so waiting a few more years to become self filling in our care. to compose one after that think very much indeed for taking the time speakers thank you. without regard to wrap up that this program from the world economic forum and the last thing she as well for what seemed to stay with us here at islington and mm mm mm. when wil
but you look around the rest of europe. you look around portugal. you are in ireland you are usually greeks. i'm in now france and it's very hard to see unemployment coming down in any of those countries linear couple of weeks or so from a from your perspective they will still take a few years before unemployment starts coming down in a significant number i hope not a few more years and partly depends in the cbd and apparently depends on whether the so called structural reforms really change...
that is exportedintoeurope. atthe same time, high unemployment rate and excess capacity continues. the big thing for me in terms of new rings relative to what we are seeing is this proactively seeking lower growth. to some extent, also the bank of toland, you saw that we got -- >> stay with us. more on the ecb. more on the eu parliamentary elections. 2000 and 14. next. ♪ >> welcome back to "countdown," i am mark barton. >> steen, let's talk about france. is battlingt questions about his private life. could he make the case that an alleged affair would be good for the economy so he would talk about something else? >> anybody like the president best when they are in a crisis. his approach yesterday was very balance. asking of -- instead of for initiatives that cannot be follow-through, he is restarting the reform programs. chance.king a it could be positive for france. if there's one country in the world that needs reforms, it is the french. >> one chart i enjoyed is the chart comparing the s&p 500 over the las
that is exported into europe. at the same time, high unemployment rate and excess capacity continues. the big thing for me in terms of new rings relative to what we are seeing is this proactively seeking lower growth. to some extent, also the bank of toland, you saw that we got -- >> stay with us. more on the ecb. more on the eu parliamentary elections. 2000 and 14. next. ♪ >> welcome back to "countdown," i am mark barton. >> steen, let's talk about france. is...
they enter our territorial waters the fish below the fish onto the ships and leaveforeurope. todayillegal fishing is taking the bread out of our house. right from the sea a gripping picture the reports were there the animal. the move on the tear. these twelve european countries as skipping the twenty fourteen eurovision song contest the list of participants has been getting shorter by the year and economic troubles of the continent is seen as the main reason the offseason excuse of ski poles. i am. in that it represented russia at the eurovision song contest in twenty ten historical becoming eleven he describes his participation as a major highlight which propelled him to new heights. the audience who. betty very much. many people to get to know us and so they begin to come to look on since it was great the music experience because it was the corn syrup. on the concrete great just to portland now notorious that i could have a dimensions. from the queen's two helmets creatures and some of europe's brightest talents one of the world's most watched tv program the eurovision son
they enter our territorial waters the fish below the fish onto the ships and leave for europe. today illegal fishing is taking the bread out of our house. right from the sea a gripping picture the reports were there the animal. the move on the tear. these twelve european countries as skipping the twenty fourteen eurovision song contest the list of participants has been getting shorter by the year and economic troubles of the continent is seen as the main reason the offseason excuse of ski...
john hayes best friend and he had lived so muchineuropeandtraveled every summertoeuropethatto the embassies and stayed in that company that he knew all about how things should be done. he was the last word on all of that. it was who would work in the proper seating and what was the suitable food? the austrian ambassador was allergic to carrots and he knew that. perhaps to cut off this or that guest wine. dinner's involving diplomats were always registered in the calendar last to be a conflict. the details of what was right and what was wrong but they were the same practice generally in all the capitals of europe. such a rich flow of activity in washington characterized the imperial season. even the panic of 1907 was ravaged to rich people by cutting into their trust did not really slow things a lot. still hoping the ambassadors would accept the invitation and be there and to make the party just perfect that way. while the pressures internationally of the state department increase the entertaining continued right up to the beginning of world war i in europe in 1914. after that
john hayes best friend and he had lived so much in europe and traveled every summer to europe that to the embassies and stayed in that company that he knew all about how things should be done. he was the last word on all of that. it was who would work in the proper seating and what was the suitable food? the austrian ambassador was allergic to carrots and he knew that. perhaps to cut off this or that guest wine. dinner's involving diplomats were always registered in the calendar last to be a...
europe'seconomiccrisis has sparked heated debate about the pros and cons of eu membership. a fuming at uq we should leave the eu was of the dumb for us having sold any of the problems of illegal in the steamer of avoiding what would happen if we went to the beat. we would have gone by and dropped a long time ago. a visit to the seat that fits. before joining the eu greek cypriots rejected the un proposal to re unite with the north. many critics say that was a mistake both in political and economic terms. we would have needed to be its new infrastructure to integrate the north and out of cyprus to the south park sure what to do it. it's up to i a lift received the dealer community a short bed and open to new keys to open a can to keep and to expound. the sheep eating this. the buffer zone between north and south nicosia is an abandoned hotel in the top alice. i am a dance troupe of greek and turkish cypriots meet you don't want to find the un. the church members say the optimistic about a peaceful future. the songs and dances on the same. just the colors of the costumes are
europe's economic crisis has sparked heated debate about the pros and cons of eu membership. a fuming at uq we should leave the eu was of the dumb for us having sold any of the problems of illegal in the steamer of avoiding what would happen if we went to the beat. we would have gone by and dropped a long time ago. a visit to the seat that fits. before joining the eu greek cypriots rejected the un proposal to re unite with the north. many critics say that was a mistake both in political and...
we will update you ontheeurope. allof that and more on this addition of "asia edge." >> a good morning to all of you. a look at the markets. they are up high for the day. fairly mixed at this point. both what happened on the weekend and what is happening right now. the jobs numbers over in the u.s. on friday. that is pushing down the yields in the bond market and putting pressure which is driving up currencies across the region today. in commodities, exports. indonesia, taking effect on the weekend. there is more clarity. and jakarta, it is up over 2%. and you pointed out am a gold prices are up. that is pushing up gold among the region. and bangkok, opening up. we are watching very closely what is happening there. they are looking to shut down the capital. i will be back later with more details. back to you. >> the top story. the operation to shut down bangkok and topple the prime minister. we have live images from the capital. a man was actually shot overnight. the protesters. it would be the biggest antigovernme
we will update you on the europe. all of that and more on this addition of "asia edge." >> a good morning to all of you. a look at the markets. they are up high for the day. fairly mixed at this point. both what happened on the weekend and what is happening right now. the jobs numbers over in the u.s. on friday. that is pushing down the yields in the bond market and putting pressure which is driving up currencies across the region today. in commodities, exports. indonesia,...
sheeuropetore emerge. to install an emerging to what awaits when knows what he is an emerging country to call so that china is emerging country. to be an emotional problem. looking to get to her. this ensured that we may call center has emerged. my aim is to choose. we need the euro can be read in the minors europe needs to reinvent itself. what does that mean practically between me and the two wheeled to washington know what we have. how we can improve it. a single sentence things. we should reinvent old mobile. we singles what we can produce could be competitive. total gold. no country is emerging which will be caught reading it was us all what we'll be in use while giving the same whistle was greeted with the old course. gorgeous too. between porsche has to be competitive so we'll go into all your problems. who is ideal for you. for the vehicle. ward churchill dual form. to find a solution where the candle concrete results built ships so then we can accept love articles. it's all so clever it will be of
she europe to re emerge. to install an emerging to what awaits when knows what he is an emerging country to call so that china is emerging country. to be an emotional problem. looking to get to her. this ensured that we may call center has emerged. my aim is to choose. we need the euro can be read in the minors europe needs to reinvent itself. what does that mean practically between me and the two wheeled to washington know what we have. how we can improve it. a single sentence things. we...
importstoeurope. alsohas deposits in marine life deposits in january imported to europe must be a certificate which credible to certify people that they are not the product of illegal fishing and that they have been caught according to the regulations. if the. voting illegal fishing certificate is good and. official legally have networks that bypass all this. allow them to sell in the european asian and north american market fish that has been caught illegally in the consumer from. north america or asia or europe will not distinguish in the markets. knows the fish is good but if it is been fished illegally or not that does not concern the consumer but this is not easy and the european union is doing all it's good but don't forget that this is just another player on the global chess board and less.
imports to europe. also has deposits in marine life deposits in january imported to europe must be a certificate which credible to certify people that they are not the product of illegal fishing and that they have been caught according to the regulations. if the. voting illegal fishing certificate is good and. official legally have networks that bypass all this. allow them to sell in the european asian and north american market fish that has been caught illegally in the consumer from. north...
our messageineuropehasbeen that you need to do what you can do to get overall growthineuropetoa higher level understanding that not every country has an e equal capacity. there are surplus countries that have the capacity to invest more and create more domestic demand that. would be good for europe's economy and the global economy. let me put some pieces into perspective. this is how i think about the global economic recovery. we are now in a growth place that many in the world envy. we're in the 2's. people are talking about can we hit three. they are trying to get to one. there is a decimal point behind the numbers they are looking at. in our most optimistic projections, we can't make up for europe falling half a point or a point behind where it should be. we can't make up for china falling behind where it should b. when i talk to my colleagues around the world i say we're going to do our part. we're going to keep our economy growing. we're going to shoot for targets that outperform people's expectations but you have to do the same. for europe that means countries that have
our message in europe has been that you need to do what you can do to get overall growth in europe to a higher level understanding that not every country has an e equal capacity. there are surplus countries that have the capacity to invest more and create more domestic demand that. would be good for europe's economy and the global economy. let me put some pieces into perspective. this is how i think about the global economic recovery. we are now in a growth place that many in the world envy....
good morning to our viewersineurope. goodmorning to those in asia and those waking up in the united states. i am guy johnson and francine is off today. we are live in bloomberg's european had orders in london. are weaker than anticipated and we will flash on the screen for you. we begin with ibm. is the company seeking to exit the hardware business? ibm.o is in talks to buy jonathan ferro has more on the story. bought themarket business from big blue. >> we saw this business before in 2005. they have done well with it and the pc market is shrinking. that is 18% top dog of the market. what we can offer them is synergy out there. you hope they can do it. a consummate the package with the opportunity. you can see how this complements lenovo going forward. it looks like they will go hard if this bill goes through. we are talking about lenovo going for the hardware side of the business. it could be signed within a matter of weeks. that shiftely to see further and further to focus on the software side of the business. between
good morning to our viewers in europe. good morning to those in asia and those waking up in the united states. i am guy johnson and francine is off today. we are live in bloomberg's european had orders in london. are weaker than anticipated and we will flash on the screen for you. we begin with ibm. is the company seeking to exit the hardware business? ibm.o is in talks to buy jonathan ferro has more on the story. bought themarket business from big blue. >> we saw this business before in...
europewillgrow. but they missed their numbersbecauseeuropeislow. trough it is down by 23%. that is the state of play as we go into friday. this is the dollar index. it has been the best january since 2010. westpac has a group of surprise index is a look at. -- indexes they look at. growth, earnings, and profit. will that trunk taper and the fiscal debate in the united states of america? right now, the market says yes. lex manus cranny with the latest on the markets. our next guest favors developed market equities in the u.s. and japan. for more, let's welcome the head of the london investment office at julian's. i want to get your take on the emerging markets. we had an interview with the indian central bank governor and he says there is a danger of central bank down -- central breakdown. >> there is a danger of some breakdown. what you have seen in the last two weeks has been quite a while in the making. bit of a catalyst to get investors to focus on the issues. a central banker points at something structural tells you that this is not something that is going to go away in
europe will grow. but they missed their numbers because europe is low. trough it is down by 23%. that is the state of play as we go into friday. this is the dollar index. it has been the best january since 2010. westpac has a group of surprise index is a look at. -- indexes they look at. growth, earnings, and profit. will that trunk taper and the fiscal debate in the united states of america? right now, the market says yes. lex manus cranny with the latest on the markets. our next guest favors...
i don't know and whatever else they danceineuropewe'lltell you all about it coming right out and harrison joins me in today's big deal to talk about some of the most posh places on the planet you won't want to miss it and it all starts right now. two hundred thirty eight thousand americans join the workforce in december that's according to a private survey by payroll processor a.d.p. now the increase was driven largely by construction jobs as construction firms added forty eight thousand jobs in the last month the most since two thousand and six now a.d.p. figures cover only private businesses and often diverged from the government's more comprehensive report the labor department will release december's numbers on friday and economists forecasts that friday's numbers will show employers added one hundred ninety six thousand jobs last month that's only six thousand short of the two hundred thousand jobs a month added from august through november of two thousand and thirteen now those increases have helped push the unemployment rate to a five year low of seven percent. elsewhere at
i don't know and whatever else they dance in europe we'll tell you all about it coming right out and harrison joins me in today's big deal to talk about some of the most posh places on the planet you won't want to miss it and it all starts right now. two hundred thirty eight thousand americans join the workforce in december that's according to a private survey by payroll processor a.d.p. now the increase was driven largely by construction jobs as construction firms added forty eight thousand...
a descent publisher of businessneweuropewhojoins us now live from moscow. thank you very much indeed for your time now so as i have said that he resigns because he wants to calm down protesters because he wants peaceful resolution of the crisis do you think it will be enough i'm not sure it will be clearly the government looking for options for ways implicating the opposition them in the violence has been escalating and now it's spread into the regions the whole country is an uprising and so in a covert in his government in an increasingly difficult position and they're trying to cool tempers but the opposition has said time and time again that they will stop short of nothing except new elections and yes a new one of the the troika leaders has already refused the job of prime ministers so the question of who's going to take over remains open and pretty sure none of the opposition leaders will step into the role if they were offered the job the purchasing here have been ongoing for more than two months now with the opposition actually demands to for the prim
a descent publisher of business new europe who joins us now live from moscow. thank you very much indeed for your time now so as i have said that he resigns because he wants to calm down protesters because he wants peaceful resolution of the crisis do you think it will be enough i'm not sure it will be clearly the government looking for options for ways implicating the opposition them in the violence has been escalating and now it's spread into the regions the whole country is an uprising and...
this is notineuropeandin you know in accordancewitheuropeandeuropeandguidelines what is needed is dialogue the dialogue is needed of course in their home not in the parliament and especially is needed between the government and the opposition the representatives of the opposition who are present in the parliament and strewed they all look. everything has to be discussed a lot of violence let me also tell you as i said we condemn the violence not only by political groups today there was a meeting of foreign affairs ministers and. we don't have such here violent let's hear now from. who then do you think is to blame for this outbreak of violence ukrainian government by failing to meet the people's demands because people are clearly happy with the government moment or is the opposition simply failing to keep control of the crowds it's it's encouraging. well it's worse than that because now we're dealing with significant group of highly committed people who are hell bent on regime change through street toggery and by the way the ukrainian legislation. limiting so-called freedom of
this is not in europe and in you know in accordance with europe and europe and guidelines what is needed is dialogue the dialogue is needed of course in their home not in the parliament and especially is needed between the government and the opposition the representatives of the opposition who are present in the parliament and strewed they all look. everything has to be discussed a lot of violence let me also tell you as i said we condemn the violence not only by political groups today there...
it's been his whole adult life basicallyineuropeandin canada and there is really no reason why a college educated i was fluent in german and english and french. i should be sent home. algeria and probably trapped there are unable to agree because the stigma of guantanamo the future of some of those released over the years even more questions and increasingly grim as media claims surfaced that the cna might have reportedly been impeached and recording some of the prisoners as double agents in exchange for freedom. our job here is to do the safe legal humane and transparent care and custody of the detainees. while in atlanta and tug of war between the presidents well to shut the president and congress resisting this is officially used as an excuse to avoid simply closing the place down. despite a personal promises to do so think the only reason he can get away with that but we're treating it really doesn't care credit mess it wasn't so somehow harder to get know it was five years ago i have been impatiently. common sense. one of the hand of the struggle of guantanamo prisoners. i c
it's been his whole adult life basically in europe and in canada and there is really no reason why a college educated i was fluent in german and english and french. i should be sent home. algeria and probably trapped there are unable to agree because the stigma of guantanamo the future of some of those released over the years even more questions and increasingly grim as media claims surfaced that the cna might have reportedly been impeached and recording some of the prisoners as double agents...
