all across europe fourteen e.u. states impose sanctions on austria now there is barely a peep and in fact we hear of the social democrats in austria have not ruled out themselves entering a coalition with the freedom party what's going on i have feeling that the freedom party moved more to the center they tried to. get rid of people and positions extremists and far right of course there was a few arguments and t.v. discussions also were anti-semitism was lying under the surface but i think they're eager to to leave it there and not bring it up like before that's one point the other thing if i may i would like to come back to it how many witches this is our last chance in europe i disagree i think this is the biggest chance for what europe has now to to change the system to change the bloc towards more integration towards more europe with these societies and these countries that want to move forward ok let's come back to that in just a moment i saw him shaking her head rather vigorously there and i have a way that it

in europe? >> absolutely. and i think -- successive leaders in germany have shied away from the fact that german voters who have to pay more if they want this kind of -- more unified europe. they're going to have to pay out of their own pockets for countries like greece if they're going to stay in the euro zone and things not to fall apart. but this has been shied away from. it's been con speckiusly avoided by german leaders one after another since helmut kohl. >> not always were -- the strongest power was in europe economic -- economically seen. if you just look at the first years after the currency union and the single currency, you see that germany was the sick man of europe. so that was a completely different talk then. melinda: because those were also the first years following unification. let us now, however, turn to the present. in the past few years, it has looked as though helmut kohl might live long enough to see the house that he had built shaken absolutely to its foundations. let's look at a few of

, the value of europe. and we are here today debate pay tribute -- to to helmut kohl, to the mark that helmut kohl has left on history. many of you have given us regulations -- recollections of moments you have shared with him. but from my generation, helmut kohl is already part and parcel of europe's history. without that life experience, we cannot be here, we could not do what we are doing. those were bold, courageous, is start acts which are -- historic ask which our generation is in position to take. thousands of pages have been written about what he did, most of all german reunification and european integration. helmut kohl is a man who took sometimes decisions, against the will of public opinion and sometimes he took on unexpected decisions were not particularly wanted. and as president of the french republic, i would not like his legacy to be reduced to his political career, remarkable though it was. -- lesson he leaves was much goes much further than that. for france, helmut kohl was a ally,terlocut

and outside of europe. the united states and europe face many challenges and threats that unlike in the past are simultaneously dispersed among many geographic front lines and across multiple do mains, whether nonstate terrorist actors, threats of a more conventional nature, cyber threats, or nuclear threats. because we know we are stronger in confronting these challenges when we are working together, we will pursue even greater cooperation from and with the nations of europe, our best partners. history has shown that when we are united, we succeed in the face of shared challenges. as i remarked earlier, one of these challenges is russia. europe and the united states seek a normalized relationship with russia. however, russia has shown it seeks to define new post soviet global balance of power, one in which russia, by virtue of its nuclear arsenal, seeks to impose its will on others by force or partnering with regions who show a disregard for their own citizens. this is the case with bashar al assad's conti

as the united states stood with europe through the end of the 20th century, europe stood tall with united states at the outset at the 21st. the american people will be forever grateful. again i have the privilege to see our bond firsthand. only two weeks after those attacks on 9/11, as a member of congress i traveled to germany to participate in international conference on terrorism. i will never forget what i saw as we arrived at the american embassy in berlin. a wall of flowers, 10 feet high, surrounding it. fragrant tokens of condolences, support and prayers of your people for ours. that image will forever be and mind.my heart for the first and only time in its history nato invoked article five for filling our commitment to confront our common enemies together and the american people will never forget it. in the global war against radical islamic terrorists we have been bound by shared sacrifice. for the past decade and a half the nations of nato have answered the call to rid the world of this great evil. from afghanistan to iraq, to many conflicts across the globe, our sons and daught

the europe we know is too weak to slow and too inefficient but only europe and europe alone can give us the capacity to act against the big challenges we face now. flanked by french and european flags he said europe needed to relaunch itself with greater cooperation on issues including asylum seekers border protection and intelligence. what's missing in europe today with regard to defense it is a common strategic culture in our incapacity to act together in a convincing manner puts our credibility in question. as well as strategic issues he also called for the creation of a transnational agency to foster european innovation financial stability and corporate tax were also in areas where he said much deeper cooperation was needed. for you to. instead of concentrating all our energy on our internal divisions as we've been doing now for far too long instead of losing our way in arguments in a european civil war arguing about budgets finances politics or whatever we need to consider how to build a europe that strong. feeling. but at a time when tensions between eastern and western europe

rather than with more europe. when hungary was a candidate for the europe, a lot of people invested and got credit in euro currency and then had problems paying back their mortgage. he won a lot of votes and won the latest election. a group of core european countries will create the kind of extreme where others will follow or we had a situation where for a long time we have different speeds. of differentidea speeds has been debated for really be can there different speeds on immigration? the european court of justice, for example, has just rejected a challenge from hungary and on quarters. if austria tries to balk at taking more refugees, might it also wind up getting a reprimand? withe: yes, but i agree matthew. i think the issue is decided in the sense that no c cntry in all of europe e wants to take more refugees. any european country no matter which does not want to have more integration towards europe. that is even true of germany and also of the netherlands, of belgium. what will happen is, of course, the on

he's for europe, for the nations, not the people of europe. he sees the brexit and trump as a menace, as a bad example, but he could try to convince his people, but he's got to present his program. the latest pololl in french television says the program of the candidate, then his credibility is not corrupt. peter: you just talked about the threat posed by marine le pen for this crossroads in european history, as you describe it. let's catch up with marine le pen. she, too, likes to present herself as an outsider, despite the fact that she presents herself as -- that she comes from what might be coming that's what might be considered a political dynasty. >> she believes france is on the verge of collapse and only she can say that. the parties on the right and left care only about money, but i am a candidate of the people of france. also belongs to the political establishment. she has been a european him p -- mp since 2004 and has been accused of misusing funds to help her political p party. she has vowed to p put france first, renegotiate the c

all around europe people have been attending true europe rallies in berlin they are held here at the marked the cellist album get a hot plate at one of the rallies and decided on the spot that he had to do more. than. hi and welcome back to sara's music europe is experiencing some turbulent times right now and we're often being confronted by the possibility of a divided europe a group of classical musicians a so appalled by this idea that they have joined together to show their support for a united europe in the best way they know how with music i'm very proud to be part of this group. today at the ready to stay member lin the newly formed musicians for united europe group are playing their first concert to raise funds. the pulse of europe initiative. is. that. it's fantastic that everyone's made it here today it's really important i mean you just told me you come from yugoslavia so well i'm a real x. he was so my mom is question that is serbian and i was changing usa in germany so i really know what it is to have a country and to lose it and to not be able to do anything about it i

europe. chiefan union policy frederico marini joined an event hosted by the atlantic council. it is about an hour. >> good afternoon and welcome to the atlantic council. thank you for joining us. i am the present ceo of the council. madam, high representative, a sellout crowd. they are bursting out the doors and i think this underscores ath the recognition we face historic moment in history for europe and the transatlantic relationship, long before the november elections, and that whate are eager to hear report you've given us from your trip thus far and also answer their questions and my questions as moderator on broader issues in the transatlantic relationship which we, of course believe is the cornerstone for all u.s. engagement with the world. we would like to think of ourselves as the home for europe and washington, d.c. and thus i am honored to welcome a high representative of the european union for foreign affairs and to ready policy and vice president of the european commission, madam

do we want to dismantling of of europe?antling we discussed using years of brexit and now it is all about brexit. now we have a lot of tensions in europe. in a few months or years, you will have other countries raising, and thinking i am not comfortable with bureaucracy. with this europe without any vision. with constraints. so, we need more vision, less bureaucracy. >> i think we have a good opportunity to get more for european development. i discussed some days ago, we are ready to make any reform only in line with the primary law. as soon as we get amendments to the primary law, we can do more. as long as we are bound to stick to the given primary law, we have to make more dynamic integration, but pragmatic in a governmental way. if we agree as soon as possible corporations, whatever, in common european law as soon as we get amendments. we will work in this direction. i think it is pragmatic to move in the direction to get more efficiency for europe, in this way to convince the people in the european member states that e

is one of the most enthusiastic european i know is throwing away a charm about saving europe europe is on the way down as you can see by the exit as you can see by all those right wing nationalist you can't read german you can leave the e.u. if you don't like the you but why others are not talking about who likes to not we're talking about europe as the fundament for peace and prosperity that's what we're talking about but this is not only in this day and danger that's happening right now is who is throwing out who he is talking about populations voting in the democratic way that you're just but only. if you would be french and it's possible that the majority of the friends will not approve that then i quote again though to prove it will automatically have to leave the you french will have automatically to leave the e.u. frets what mr solace for is a growing world for europe because mrs is not the one who was leading your approach rather france but rather it will be a new constitution a treaty and again this majority of the land that eventually that's a vision of an important social de

people like larkhall martin shows who have a vision of a better europe a prosperous peace for europe against nationalistic concepts elsewhere that you are capable of doing this is a reaction now why don't you react against the hunger against the poland you and the s.p.d. germany excuse me criticize that a lot mr invites are bound to his party conventions to merely its own little party family little family learned of is this through. now and you can throw out hungary i think it's over except to ration just to. focus on this throwing out somebody the point lighting shows mixed together with from across we have to go on with europe with a better europe if we want to save prosperity and peace and i think that's a wonderful concept and we would see how our young people in germany think about that if that's taken to the voters in germany i hope we meet in twenty twenty five and as i understood it would be the united states or you're right what are you doing if the germans don't vote for you see the social democrats have fought for ideas for a long time and sometimes it took longer than we

and europe. we had pushed for that as you know but for a variety of reasons it didn't come together and that just allowed space for those who didn't want to deal to get out of the way. i think the biggest, the thing that my heart still believes about was syria. as you know i was spokesperson of the state department in the first obama term under secretary clinton and i had to from the state department podium every day in 11:00 and 12:00 get up and justify what was going on, and i am certainly on the team that thinks that we should have done more in 11, 12, 13, 14. we should have done more together with your and that we might have prevented the refugee crisis. we might have, a whole bunch of dominoes fell from that of most importantly it matters to usthe transatlantic community that the middle east has a chance to organize itself liberally. and its citizens in the middle east have right to have a say in how their governed and have opportunities that we have. it's not good to be stable and good for

fundamental discussions about the more europe or less europe we have to be pragmatic. there are areas where we need more integration there are areas where probably we could reverse some of delicious leisure that sometimes appears to intrusive but frankly i don't think it is always helpful to have discussions of ideological philosophical debates about more or less europe because based on my experience of leading u.p.a. and commission ten years what i have seen was that even in times of crisis the moon is too cute financial and suffering that because we have it in europe at least since the second world war it was possible for you pinion to make progress for instance you have now some elements of a banking union with a common supervisory mechanisms common resolution mechanism that will be considered unthinkable before the crisis so for instance for the countries want to have a common currency definitely it's needed more integration so yeah let's talk about the concrete steps because i know that british thing and here are being touted by politicians which would mean that t

so on important, strategic subjects that affect the whole of europe, europe's security, we have difficulty in finding a consensus. >> to be fair, at the time, the sort of mood within germany, the mood around many countries in europe was one of, we're living through a great humanitarian tragedy. these desperately poor afflicted people needed a place of refuge, and it was europe's job to provide that. now we're saying, you know, there's been some dreadful terrorist attacks and on reflection maybe that wasn't the right thing to do. well, you know, that's a little harsh. >> narrator: abaaoud now used the chaos of the refugee flow to get a team of militants into and around europe. two of the team entered europe with refugees on the island of leros. one used a stolen syrian passport flagged by interpol as possibly being used by terrorists. but greek authorities weren't checking interpol's database regularly, and the men were let through. bomb-maker najim laachraoui and one of the leaders of the cell, mohamed belkaid, are also thought to have entered europe through greece. >> they both had false

is europe the e.u. is europe much broader i think it's very important in a way to clarify who to sort this out you know because usually when we mention europe people consider that it is only e.u. so the twenty eight order twenty seven if you consider that the u.k. still out but is only as a way to look at what europe means and as you may know you know my last job. before creating the global com past was as a director of education and you said the council of europe and the council of europe. comprise forty seven countries and member states including russia including turkey including. crane and many other counties that are not part of the e.u. well aware mr buswell let me have them and they're all my question because when we talk about the european identity or the european values which by the way while we're at the center of the ukrainian calling for a conflict i think we in russia at least we mean first and foremost the european union and the values the so-called european values that it sets out to promo

relations with europe. he discussed russia's cyberattacks as well as energy policy and he said he denies reports he's trying to dismantle the state department. held by the wilson center here in washington, d.c., this is about an hour. >> president and c.e.o. of the wilson center, happy to be talking to a packed crowd. and to welcome secretary rex tillerson back to the wilson center. as you know, mr. secretary, the wilson center has a tradition of honoring business and political leaders who follow our 28th president's dictum, that would be woodrow wilson, to, quote, enable the world to live more amply with greater vision, with a finer spirit of hope, and achievement. ms. harman: the center honor new 2010 and you honored us by attending our event in dallas in 2014, where richard fisher, outgoing chairman of the dallas fed, received our public service award. you and i sat together. we're delighted to welcome you back this morning to talk about the future of u.s. relations with europe, and to take some question

spontaneous than europe. even though some of them, orlando, and san bernardino, being a good examples, have been no less deadly. there have been 395 jihadist related arrests in 2014. 687 in 2015. and 718 in 2016. numbers are much lower in the united states, where 18 individuals were arrested for terrorism related activities in 2014. 75 in 2015, which was banner year for us. and just 36 in 2016. unlike europe, the united states does not seem to possess extensive home grown militant organizations that provide support to individuals drawn to isis. jihadists propaganda continues to be easily accessible through various online platforms for the last ten years. now with the advent of numerous social media applications, a would be recruit can access realtime support and have a stronger sense they're part of a wider network. an important dynamic at play, is isis has employed what we call isis virtual entrepreneurs who use social media to connect people in the west, these are people in raqqah that are reaching out to a

this will trump crisis is a good thing for europe, galvanizing europe, and showing them they need to work together, come together. we need to come together. it is about time. merkel has -- look at what merkel said she. -- merkel said. a transatlantic breakup. is there a breakup in the making? >> no. rieke: no, but i think it is a rather dangerous affair. >> i tend to agree. erik: it is a turbulent time. [laughter] erik: no breakup coming. >> thank you very much. thank you for joining me on "quadriga." to come back next week. bye-bye. ♪ michelle: hello, and welcome to "fokus on europe." i'm michelle henery. spain's largest island, tenerife, isis a touristst mag. for its hot sun, sandy beaches, lush gardens, and for its amusement park show starring trained orcas, commonly known as killer w whales. whilile park operarators insistt ththe whales arere ambassadorsr consnservation, animal rightss campaigners, like this woman, say holding them in n captivitys unethihical and causes sufferi. more about this lalater in the program. emmanuel macron made history

there are expectations for more europe, but also a different europe. the challenges challenges that we face of the continent are all bigger than what can be addressed by a single member state, be it migrations or climate change, terrorism, trade competition, all these challenges you to be addressed at the european level. and there is a very high expectation from the citizens to have a more efficient, more active, more dynamic europe. do you think there is a desire from the people of europe for, to use your phrase, "more europe"? if you look at the polls, eurobarometer, it shows more and more expectation about europe. which does not mean more trust about the way the european union functions at the time being. there is a lot of expectations, but it's also a demanding attitude to, say, be more efficient, do more. but minister, never mind the polls, just look at reality. i mean, you know what happened in britain. you know, friendly, looking at germany, that there is now a significant proportion of the population in germany who are prepared to vote for an e

young africans are very well aware of the demographics in europe but we in europe tend to have a pretty one dimensional view of africa when we talk about these negative images of africa as a continent of hunger of despair of migration are we in the media partly responsible for the fact that this that the story is so perhaps one dimensional think hunger and disaster always sells misery you know misery is what's kind of drives people to the screen but i think in the media you should have more interviews with on to printers from africa who building up businesses for example or entrepreneurs from europe to that are investing in africa because that would kind of even out the picture a little bit of course they're basket cases and i as a do think we need to do reporting on south sudan the horrible conditions there or on the conditions in libya because otherwise there's no pressure for change on these but at the same time you also need to do reporting on industrial parks being built in ghana. that will then help a more nuanced and informed view on africa in the west in europe those negative im

you would say europe is a mass, -- you would say europe is a mess. everyone around this table agrees, there is not an easy way out of this. does this matter to u.s. policymakers? should it? >> in my view, it should. the lesson 70 years ago was that if europe has a bad day sooner or later the united states will too. war and mass unrest in europe is not something united states can ignore for entirely selfish reasons. we need an ounce of prevention. the u.s. needs to work hard with our europeans to help assist and think through some kind of way to a genuine european future and at the same time, the situation in the middle east has become -- if you would have said in 2009 when obama leaves office eight years after taking it over from george w. bush the middle east is going to be a more hideous mess than under bush everybody would say you are a terrible racist. how can you possibly say that about our great enlightened president obama? i'm not saying everything that happened was obama's fault. there are a lot of processes there that are unraveling. some of

i don't want it to be the united states of europe. will it be a multispeed europe? it is already. well, it has got several speeds but it could go to all sorts of different levels, on all sorts of different issues, whether it be freedom of movement or whether it be schengen, whether it be, um, fiscal consolidation. to a larger sense it is already. you could have sorts of different groupings and different platforms — what a confusing mess it would be. well, with all respect, i hope we will be able to call this country, in the future forever and ever, the united kingdom of great britain and northern ireland. but i see here, too, very vigorous signals of fragmentation and of profound differences of opinion as to the identity, as to be idea of what the uk should be relative to europe. so this is a much wider problem which does not simply concern the european union. look, president trump, when he was elected, he almost explicitly set out to destroy european integration. you think? you think that was a motive for his? he largely said so he invited 0rban, farage. and his advisers said,

i have always fought for europe. i have sometimes suffered with europe and agonized over europe. i have been through thick and thin with the european union and never have i lost my love for the european union. as we all know, there is no love without disappointment, or very rarely. love for europe, i mean what i say, because the european union has achieved so much in this divided world. inward and outward peace, prosperity. not for all but still for many. in 2018 we should consider what it means to have the european year of cultural heritage and celebrate our cultural diversity. these three principles, freedom, equality of opportunity and rule of law have to remain the foundation of our ever stronger and ever more united and more democratic union. for the people of europe, what they are looking for is not new treaties, new institutions. there are means to an end. new institutions, new treaties are perhaps of interest to us in brussels. elsewhere people don't care to whom. i'm only interested in institutional reform if it gives us a more efficient union. one day there will be trea

in europe. important in an early stage. moment, we have space for fighting together at an early stage in a double medic forer -- diplomatic manner causes in which we have a common interest or priority. we might have a different approach with different priorities. or come on some other issues, we might disagree. -- i wouldimpression not pretend we don't have different views on some issues. i can tell you where the european priorities are and where i see common ground can be found and where we have different approaches. thee common ground in strong intention to work together. if i have to believe in all the messages i've heard, that is .lear to me continued cooperation, strong u.s. eu cooperation and work. contributed understanding that the european union is not an institution, it is 28 member states. ground on some of our priorities -- the fight against terrorism, solving the crises we have around us and globally, the situation in , terrorism not only in the middle east but also spreading into af

not onlyties are against europe. i would say it is probably not the reason why they were elected in france. they voted for these parties because of unemploymentt, especially among the young people. we have 25% unemployment among young people. this is more the reason why these parties were elected on and on veryes dangerous economic programs, and i think i am more worried about marine le pen planning these economic programs than on the french voting for or against the european union when she will organize the referendum as she promised to do. peter: tell me more about the move in france at this juncture. geraldine: it is very distressing because one of the candidates, melenchon, the far won almostate, who 20% of the vote refused to give any indication if voters should vote for marine le pen or not. which means probably most of ,hese electors will vote white which means they will abstain. part of them will also vote for marine le pen because part of the electorate is s actually the same. burkhard: they both want to ret

these sectors employ millions around europe. and i don't believe that use leaders will seriously tell spanish fishermen, the young unemployed and millions of others that they want to make them poor just to punish britain to make a political point. for all of these reasons and because of our shared values and the goodwill that exists on both sides i'm confident we'll follow a better path. i'm confident to positive agreement can be reached. it's right for the government to prepare for every eventuality but to do so in the knowledge that an optimistic approach to negotiations to come is in the best interest of europe and britain, we do not approach these negotiations affect expecting failure we are a great global nation was so much to offer europe and so much to offer the world. one of the world's largest and strongest economy the finest intelligence services in the greatest armed forces on the self power and partnerships and alliances on every continent. another thing that's important, the essential ingredients of our success, the

the europe we know is too weak to slow and too inefficient but only europe and europe alone can give us the capacity to act against the big challenges we face now. flanked by french and european flags he said europe needed to relaunch itself with greater cooperation on issues including asylum seekers border protection and intelligence. what's missing in europe today particularly with regard to defense it is a common strategic culture in our incapacity to act together in a convincing manner puts our credibility in question. as well as strategic issues he also called for the creation of a transnational agency to foster european innovation financial stability and corporate tax were also in areas where he said much deeper cooperation was needed. for you to. instead of concentrating all our energy on our internal divisions as we've been doing now for far too long instead of losing our way in arguments in a european civil war arguing about budgets finances politics or whatever we need to consider how to build a europe that strong. but at a time when tensions between eastern and western eur

it's holding europe to ransom oi'i isolation. it's holding europe to ransom on that account. the germans and the rest of europe, like us, are less motivated by economics when it comes to the crunch than by principle and their principles about europe will be stronger, just as oui’s were. europe will be stronger, just as ours were. we have done ourselves terrible economic harm for the sake ofa terrible economic harm for the sake of a fantasy belief in our great independented pence. have we done ourselves harm? we don't know. it's likely. it hasn't happened yet. we haven't done anything yet. we are not out. markets are all predictive. the markets seem to have decided this is a do—able thing. the markets seem to have decided this is a do-able thing. from somebody who came to this country about 16 years ago, i can say that i can feel that actually internationally, globally, britain asa internationally, globally, britain as a country where english is spoken, part of europe will still be extremely interesting for people from asia to come and do business with, from south asia, ea

it skips europe a little, this technology story, except it has 20% in europe. if we had a bigger waiting, that would be a bigger story. services hascial done well. it will be an interesting story to see how the industrial story does in 2018. where have we seen weakness? telecoms relative to a market. retail, looking at the u.k., media has not had a great year, either. this was the surprise to me. oil and gas has not had a great year, either, despite we have wti crude north of $60 in error -- a barrel. will we see a fight in 2018? what will opec and the shale producers mean for the output of this sector? a big thing next year is going to be inflation. i want to show you would little data, because there is some news today. but's talk about the inflation data we are getting out this morning. saxony cpi data dropping this morning. december, 1.7%, down from 2%. a lot of this is not in the core. it is non-core items that have been moving. rich jones writing about this on the mliv this morning. pay attention to this because there is an expectation being will-in that i

you say europe is a mess. everyone and this table agrees that there aren't any easy ways out of this. does this matter to u.s. policy makers? should it? >> in my view it should. and here's-- the lesson we picked up 70 years ago was that if europe has a bad day, sooner or later the united states will too. that war and mass unrest and destruction in europe is not something the united states can ignore, foreign tirely selfish reasons. if you get right down to it. so you need, and an ounce of prevention is worth a pound of cure. i would say the u.s. needs to work hard with our-- be much more deeply engaged with europeans to help assist and think through some kind of way to a genuine european future, and at the same time, you know, the situation in the middle east has become, i mean you know, if you had said in 2009 that when obama leaves office eight years after taking it over from george w. bush the middle east is going to be a much more hideous mess than it was under bush, everybody would say you're a terrible r

a very warm welcome to focus on europe i'm michelle henery germany is in the midst of a political crisis one that the country has not experienced since the federal republic was formed after world war two for the first time there will be no new government in berlin after eight weeks government coalition talks aimed at forming a so-called jamaica coalition of christian democrats liberals and the greens have collapsed. we believe we were on a path where we could have reached an agreement said chancellor angela merkel and that's why i'm sorry we could not find a common solution trying to get my hands on the news and fin klyn. chancellor merkel stands empty handed and this doesn't suit french president amanda macron who has big plans for europe he wants to comprehensibly reform the e.u. but he needs germany at his side some of his most passionate supporters like the british and shawn tully worried that without the support of their teutonic neighbor europe's future could look bleak. robust relations between paris and berlin are vital for a strong europe that's the firm belief of labor from par

europe is moving very fast and making upfor europe is moving very fast and making up for it. to try to cover the ground britain used to cover. it is significant that emmanuel macron was elected office juncture and has lost no time trying to show that france is here, france is going to bea france is here, france is going to be a country that makes a power that makes a difference in the world. it was significant his first steps where in terms of strengthening links with germany, strengthening the engine of europe. but also steps towards russia, united states, this is showing that france matters. like britain, france has its illusions of grandeurand britain, france has its illusions of grandeur and wants to punch above its weight, and so far these are early days, emmanuel macron is doing very well. he is giving a different image of france. for the past ten yea rs image of france. for the past ten years and president hollande, france was extremely weak and irrelevant. macron seems determined to change that. how much does that depend on in delivering on domestic reform? nicolas sa

everything at once again once again suffering in europe. is a shared concept i was prime minister of my country i was ten years leading you can commission but why i was twelve years in the government of my country so i am not a neural carets in the center of me i am not of your ilk rat i believe that we should be independent countries but independent countries that work together for a common purpose and so of course there is given take this is very important to understand if not if we continue to look at the european union like if your opinion was a country like let's say united states of america we are not united states of your opinion where we have countries that are independent some of them very very old many centuries of existence like my country but that they have decided to share that's of rain to so the concept of sovereignty in butin is not the same as in russia or in china or united states in the stands so of course there are those debates and say this is a problem because you are saying integration are tiring creation is not reall

the populists have failed to shake europe, but europe has not stopped getting sicker. i think that is what merkel and macron probably are really worried about. dan: to be clear here, geert wilders ran on part of his platform that he would get the netherlands out of the e.u. it would have been the next domino to fall in the european project. i want to talk about a couple of leaders in these countries. the new leader in germany posing the biggest threat to merkel is schulz, the leader of the socialists, the left of center party in germany. he was president of the european union. he has been a product of brussels for a couple of decades. walter, how does he become the challenge to the pro-e.u. merkel-led status quo? >> first of all, in germany, the e.u. is much more popular than it is in a lot of the rest of europe and so is the euro. the euro has worked extremely well for germany in that germany has a big export surplus. if it had its own currency, the mark would go skyhigh and it would be much harder for germany to export. as it is, germany has a huge export surplus. th

the reality is when you look at europe, you have superstrong growth in europe. the risk is the ecb actually pulls forward the possibility of rate hikes. jonathan: nick, what was the bank of england doing hiking this week? mr. gartside: they did the right thing in terms of hiking rates. when you look back, the current -- the cut post the referendum was clearly a policy mistake and the suggestion then was the u.k. would fall into recession. it absolutely has not fallen into recession. they've done exactly the right thing in raising interest rates. when you look forward, the risk again is that the banks are a lot more hawkish than anybody expects. jonathan: across the bloomberg, i want to ask of you -- what's the probability of them hiking in q1 next year? mr. gartside: over 50%. the data to watch is in the u.k., we get it a budget. we call it the autumn statement, it is in the next few weeks and the lesson from the election in the u.k. was that we are not tolerating austerity anymore. there will be a political reaction to that, which is to increase the deficit. yo

europe hasn't. europe can catch up. europe,from outside companies are seeing the euro against the dollar at a 14 year low. earnings are starting to turn early in the cycle. evaluations are cheaper. you can find yourself incredibly cheaply. borrowing euros to buy european equities as the u.s. investor makes a huge amount of sense. anna: thank you very much, nic. he stays with us. could trump to delay his border wall plans to avoid a government shutdown? the president's first 100 days draw to a close. this is bloomberg. ♪ ♪ welcome back. this is "bloomberg: daybreak europe pickup donald trump will call for cutting taxes on individuals and lowering the corporate tax rate when he unveiled his tax plan tomorrow. manus: trump will provide a broad outline for his tax changes, but will leave the details. he is backing down on his border wall. delay asking congress to fund the project until december. the government shutdown. still with us, nick nelson. broader picture, every time we hear talk of lower taxation in the u.s., i

europe split. europe would be more hostile towards the united states. definitely not in the interest of the united states. host: okay. former nato second general anders

chantal leib: i grew up with europe. we always had different european cultures around the table, and we celebrated various european festivals and holidays. reporter: but this vision of an integrated europe, powered by the franco-german alliance, is not popular with everyone in france. julien aubert belongs to the center-right republican party. he believes the crisis in germany is an opportunity for france to stop relying so heavily on berlin. julien aubert: in the past, we had an irrational hatred of the germans. now we have an irrational love for them. but we don't benefit from giving germany the key to the truck and then hitching ourselves to the back. france needs to stop that. reporter: chantal leib, on the other hand, feels it's important for germany to overcome its government crisis as soon as possible. she wonders if it's time for germany to begin a new political movement like macron's en marche, offering an alternative to the traditional parties. chantal leib: the germans should take part of the cdu, part of the

macron who put forth his grand vision for europe? that might be hampered by the inflexibility of angela merkel and her coalition talks. what do you make of mr. macron his popularity ratings have fallen somewhat. the honeymoon period is over somewhat do you think he has what it takes to integrate further. >> i think macron's speech last week was a very, very pro european concise, strong message full of hope and full of realism. very pragmatic and full of hope. i think the couple, macron and merkel, if this couple works in an inclusive way, including italy, spain, other founding fathers of the european union, if they work to avoid in an exclusive way, i'm optimistic for the future of europe i think they can have the strength and what jlegitimacy merkel is in her fourth term she knows she has to leave a legacy, and macron is strong in france with a large, clear majority what is very important, macron had a strong pro european mandate because the voters in france, in the second turn of elections against marine le pen, they voted for macr

it's not so clear in europe. they have the strategy and sometimes a retrench from certain businesses. u.s. banks have consolidated and benefited from an economy which is doing better than europe. so, shgs yshg, yes, profits can dynamic. beyond this, what's important for europe, you need to have a few strong european banks, and overall a strong europe and banking sector to finance the economy. still banks is the major component of the financing of the economy, not capital markets in europe. we might migrate to a system, but it will take some time. >> you came out after the uk vote and you committed to europe, now there's talk that if the uk does leave the common market, that could be a problem for the banking seconder in particular. how are you thinking about it? >> i'm shot sure it will be a problem for the banking sector. it are add more complexity to adapt the design of the operations. can i say for a bank like societe generale it's not a big deal. we have a presence in the uk and eurozone, with licenses, premi