someone put it like they do not want to -- a german europe and europe with germany as part. they will always be balancing. >> one of europe's preeminent philosophers said that the political class is sitting on top of the european volcano and that is actually true at this point. much more than most people actually think. in germany and france and other so-called core countries of europe. >> is europe a ticking time bomb that germany is sitting on top of? >> i am astonished. we have a plan. we have the european elections, we need a new european commission. we need a new president. there will be plenty of issues. germany will show leadership and showed leadership in the past and it simply is not really true that term he is not -- germany is not interested in solving these questions. we have an upcoming banking union that needs to be constructed in a positive way. we have the question of the sovereign debt and the euro crisis. the countries with the euro crisis to solve. we have plenty of issues but germany showed not only solidarity but leadership. angela merkel showed a lot of

borders and common promoting europe -- europe as strong. security and defense all see. by integrating more, we can reach our goals. areinternal coherence inextricably linked. our political traction are politically binding. does anyone seriously believe that if the euro had collapsed, states woulder have have any credibility left internationally? this shield industries deep scars. centuries ago, no one thought it was possible. this healed histories deep scars. centuries ago, no one thought it was possible. today, countries like the ukraine are seeking closer ties to the european union because of our economic and social models. we cannot turn our backs on them and cannot accept any attempt to limit this country's sovereign choices. free consent has to be respected and these are principles that are part of the bases of our eastern partnership that we want to take advantage of. everyone remember warts during the last century? next year, it will be one century after the first world war. the war the term or your a part tore europehat apart. it is because of this that people w

in east central and eastern europe experienced two decades ago. to wake up and to do the same and how likely is it do you think that that will have its will stand up and say the. question is. started to really but definitely not come from brussels clausen visit to europe conglomerates in seoul for an independent nation and he found common ground with ukip snide. we have got two hundred fifty one days until the european election takes place across the whole of europe that is the opportunity politically to cause an earthquake lobbying is important intelligence briefings are important argumentation is important and we think that changes politics is the way people vote i think these european elections are a major opportunity right across the continent of europe to spark something that leads to referendums that leads to real change. and farage has found recognition for the most unlikely source a man well barrow say the european commission president says you kip could become the primary force in british politics implying david cameron's jumped on the ba

, central, eastern europe experienced two decades ago. i think europe has to wake up and do the same. >> how likely do you think that that will happen? that people will stand up and say the emperor has no clothes? >> the question is how fast they will start to organize. definitely. it will not come from brussels. >> pc is europe as a conglomerate of sovereign european nations and has found common ground with nigel faroes. >> we have 251 days until the european election that takes place across the whole of europe. that is the opportunity politically to cause an earthquake. lobbying is important. intelligence reefing is important. argumentation is important. in the end the thing that changes politics is the way people vote. i think these european elections are an opportunity right across the continents to spark something that leads to referendums, that leads to real change. >> and he has found that -- recognition from an unlikely source. barroso says that the u.k. could be part of this, implying that david cameron has jumped on the bandwago

you die by the europe and china sword. you live by the europe and china sword. right now the socialists in europe and the communists in china are bailing out the late-stage capitalists in the united states. it couldn't come at a better time. tom in colorado. tom! >> hey, this is tom. big boo-yah to you from boulder, colorado. >> man, i know. i like peyton. peyton looks good. what's up? >> i saw lululemon was upgraded today and i bought it in the low 80s before the christine day news and then again in the low 60s. my question is do you think the management of this company can get it together and take lulu to the next level? >> i was going back and forth at the open house at realmoney.com that was free this weekend and bob said that lulu was going to break out. i was questioning it because christine day who is the person who runs it is not going to be running it anymore. they have some momentum there. they do report this week. that makes it five below is my pick of the week, not lulu, but i think -- look, the stock is signalling that the quarter is better and that

during the first year or so of my life there were only sixty walkers is europe the rest of europe short of the us is not your common use dictatorship so even in europe the. future of democracy is not to give been the odd notion of crisis us toward the church that we called to move forward on the show though whatever we do do mock roshi is going to be shipped to the snow caves and the punks the financial markets on the economic authorities in every country cari an enormous democratic responsibility and the fish to acknowledge them is something new because for with thirty years the prevailing theory was the markets the companies the bugs don't carry any democratic responsibility absolutely and i think many of your counterparts in continental europe would argue that democracy has by now taken over europe but yet if i look at just this recent history iceland was one of the very few if not the only country to actually consult its people on whether to bail out the banks and i think the treatment that your country was subjected to for just asking its people who are was less than friendly your

today in europe there is the real commitment to improve the comparements of europe. this is the issue. because in the world of globalization we haven't understood we cannot go with debt that is not sustainable either public debt or private debt sometimes fueled by behaviors in the financial markets. i really believe that we are going to get out of this crises stronger and more competitive. and this fiscal policy is indeed having a very important positive effect of making the states reduce their expenditure, and also create new type of behavior also in the private sector. that's why i mention a kind of -- also in the private sector. looking more to exports, trying to reduce some costs making it more competitive. >> rose: and more productive and efficient. unemployment, why does it lag? >> you know, that typical and most departments will agree with me that sometimes even growing, it takes some time for jobs to come. and we are trying to do everything to avoid what is called a jobless recovery. that's why you're creating new instruments also level. employment of unemplo

the romanesque style spread right across europe. in 1066, it crossed the english channel with the norman conquest of england. thnormans stroyed most of the main anglo-saxon churches, replacing them with ones built in the french romanesque or, as it is known in britain, the norman style. and it would be in england that somof the most daring and original innovations were made in medieval architecture. durham cathedral, even by the standards of norman architecture in england, is a colossal building. durham cathedral was begun in 1093 on the sort of scale and grandeur common to many great norman cathedrals of england in the late 11th century. durham is a masterpiece of structure, and that makes it, in a way, a slightly ambiguous building because durham is undoubtedly a romanesque church. in fact, it is a massive romanesque building, one of the largest, but it also has gothic elements in it. in the 19th century, archaeologists defined the gothic style as having three essential characteristics-- the pointed arch, the rib vault, and the fl

east central and eastern europe experienced two decades ago. and to do the same and how likely is it to think that this will sound. ok. the question is. started to really. come from brussels klaus envisages europe as a conglomerate of sovereign independent nations and he's found common ground with ukip snide. we have got two hundred fifty one days until the european election takes place across the whole of europe that is the opportunity politically to cause an earthquake beings important intelligence briefings are important argumentations important. thing that changes politics is the way people vote i think these european elections are a major opportunity right across the continent of europe to spark something that leads to referendums that leads to real change. and found recognition from most unlikely source close to a man well barroso the european commission president said you kids could become the primary force in british politics implying david cameron's jumped on the bandwagon if you keep your skepticism just to win votes both klaus agree

but critical of the way germany is dealing with the financial crisis in europe right now tamara it's a political commentator with the. daily thank you very much indeed for your time thank you. as europe's largest economy and biggest contributor to bail us the results of the election will reverberate far beyond germany's borders and as lisa catherine reports now from athens cash strapped greece would be particularly vulnerable to any change of monetary policy from its northern neighbor when it comes to finances decisions made in germany are often felt right here in greece and more albums may be the birthplace of democracy ballots cast by german voters have a huge role to play in this country's future that despite two bailouts and across the board spending cuts is still struggling through one of its worst recession since the second world war i look let me just soaring in two thirds of young greeks . to apac just west of two hundred forty billion euros revenues are still short of expectations what's more the growing consensus is that greece is unlikely to get back on its feet without mo

europe is not the cause of problems, europe is part of the solution. i address what we have to do still more extensively in today's letter to the president of the european parliament, which you have also received. i will not now go in detail regarding the programmes for next year. i pointed it is clear. together they're still a lot to achieve before the elections. it is not the time to throw in the towel. it's a time to roll up our sleeves we need to put our sleeves up and work. honourable members, i think that we are living in these extremely challenging times and it is not easy. the path of permanent reform is demanding as it is unavoidable. there is no way to go back to business as usual. some people believe that after this, everything will come back as it was before in this crisis is different. this is not the same crisis, not a cyclical crisis, but a structural one. we will not come back to the old normal. we have to shape a new normal and we are in a transformative. market history. you have to understand that and not just say it. but we have to d

within ten weeks the tipping point of consumer rejection was achieved in europe so unilever followed by nestle followed by virtually every other food company committed to not feed europeans derivatives of g.m.o. the same companies feed americans and canadians and others the derivatives of g m o's because we haven't raised a stink because the information about the health dangers has not been widely circulated on the. cut nets about except for a short break coming up next to a stage geno reversible that can one sound to be a force for good stuff. you know sometimes you see a story and it seems so for like sleep you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm charged welcome to the big picture. the right to see. the search string. and i think the church. on our reporters twitter. on instagram the a. b. in the old. welcome back to the show we're talking about genetic engineering and how it bites into our lives with an activist and author jefferson maze jeffrey we'

we keep hearing europe has bottomed. how is europe doing today? >> we've had good performance in europe over the past couple of years. one reason is the expansion of sales force. we've been able to get into more deals even though the european i.t. market has been flattish, at best, when you look at the numbers. one thing that has hurt i.t. is the brick countries. the brick countries were roughly 10%, 12%, 15% of all global i.t. was emanating from brick countries. that slowed. that had been giving impkts t. as an industry a growth of a point or two. we've seen the same impacts others have felt. >> what do you need to see to see emerges countries come back? >> not just pipelines but conversion rate, when customers make decisions and buy, accelerate. when you start to see that, you feel good about where the economy is headed. what we see right now is not just the fact that transitions -- we still in a quarter will get many transactions we see. what you see in macros is a couple things. transactions are weak macros. transactions that get deferred. if

these roads lead west to atlantic europe, east to central europe, north to great britain and south to the mediterranean world. most crucial of all, strasbourg sits on the rhine river between two of europe's strongest historical rivals-- france and germany. strasbourg really occupies a very special kind of position. of course, it's bounced back and forth a bit between german and french influence, and, in fact, 500 or 600 years ago, it was really falling within the influence of the german empire. and then as the french empire was expanding and in conflict with the german empire along the rhine, it came under french influence. the franco-prussian war in the 1870s, however, was partly driven by german efforts to expand to the west bank of the rhine-- that's where strasbourg sits. so it became formally a part of germany at that time. and then in the 20th century, it's fallen back under french control. those original cultural and linguistic ties with germany are still there, so you have a dialect that is a germanic dialect, but it's now, of course, formally a part of france. and this partic

now europe and britain disagree on how free people are to live their lives the u.k.'s prime minister has hinted the country may pull out of the european convention on human rights saying interest tricks government actions too much can get more with polly boycott in london hi there probably. no small threat based so why is coming cameron saying this. well david cameron has said clearly that he wants to know that he can keep the country safe and that means being able to chuck out as he said anybody that doesn't have the right to be in the u.k. and who threatens the u.k. way of life now we don't have to look very far for examples of where the european convention for human rights has been a real form in the side of the british government there's the very famous case of the radical hate preacher abu qatada now he famously avoided extradition from the u.k. for over a decade because his lawyers argued that it was against his human rights to return to his native shores and he could face torture there so the british government quite literally had its hands tied because of what

already it all is over trade budget and sovereignty now europe and britain disagree on how free people are to live their lives the u.k.'s prime minister has hinted to the country may pull out of the european convention on human rights saying it's simply to restrict instead as the pm says britain made may make a list of its own probably stricter standards and gerard batten and the people the united kingdom independence party says it's a long. you now come under the jurisdiction of the european court of human rights which has been response constable for many decisions the british were very unhappy with like our inability to get or foreign terrorist suspects for example and i've said that we have to give prisoners the vote they've said that we cannot have life sentences for criminals they must be reviewed so our worst and most deprived killers will now have the rights to have their life sentences reviewed we have our own courts which have been established over the last eight hundred years we have our supreme court if a british citizen has a problem with the british government in the briti

here in europe we may be far away for. in the fighting in syria however the effects of violence are being seen in the form of tens of thousands of refugees flocking here to seek asylum just this last week the first of five thousand refugees arrived here in germany as part of a settlement program however there are those within europe that say that the governments must pay some responsibility for these people having to flee the problem is the e.u. governments continue to support the rebels including the german intelligence and covertly and other ways i think it's completely cynical of germany to pretend to be this humanitarian receptor of five thousand refugees at the same time they're poor in a let's stop the reason that people are leaving their homes they don't leave it willingly with over two million people already having been displaced syria's neighbors are overwhelmed by the deluge of things fleeing for their lives that means that they seeking sanctuary having to look further afield towards countries in the balkans that

on europe, i think we're getting less bad news out of europe. not enough good news yet. that will come. >> in terms of europe, we've already seen the markets, mixed markets there. a number of markets in europe actually rally given this idea that actually the worst is behind. would you agree with that? >> absolutely. they've been in recession for some time caused by a whole bunch of stuff. cyclically they're doing better. i think it's anemic. banks are still undercapitalized. we still have lots of population, stagnation in europe. tough to grow your economy when your population is not growing. >> in terms of sectors what are your favorite right here? >> i still lean into cyclicals but i've overweight in health care. i like industrials to include aerospace defense. selected technology, which is a four-letter word. i would argue the cyclicals led by an inflexion point to the upside by global growth will continue to beat defensive names. >> are you expecting, bob, the fed to begin the taper in a week and a half, september 18th, is that when we'll hear the news? >> i think so

it is going to be negative that's logical she's the symbol of the recession in europe. this divorce. nothing will change for those when we get more jobs and people have work then we can have growth i don't expect anything from the germans. merkel's critics accuse her of pushing europe in the wrong direction merkel must stop my. must be stopped as well as those who only represent the interests of international finance markets just like under thatcher parts of northern england were devastated we see the same in greece today it leads to years and employment and poor living conditions. whether she's the new lady not was sick for four more years of the merkel. as the world's most powerful women are all over germany. meanwhile general elections already been dubbed a public acknowledgment of merkel's many accomplishments she's managed to steer germany through the economic crisis where many european leaders have failed at the same time she became a figure of hate and countries pressing them to pay a tough price for bailouts in terms of global politics playing it low key staying

europe is rerated. the best time to be in europe when everybody was terrified in late 2011. subsequent to that it's a fantastic market. there are still opportunities in europe, finding them across the board, particularly sill la cal industries. some of the favorite stocks have been in the portfolio for year. we've seen evidence of restructuringer new ceos newt place and a concerted bifrt manage month to take ang of global growth in the emerging world. examples i'd cite the world's largest paints company based in the netherlands and what we call ge of europe, zemans, the enormous engineering conglomerate in germany. both stocks have 3% yields, reasonable valuations after a big run in europe. >> emerging markets more broadly, which obviously took a big hit on talk of tapering. now what? >> well, emerging markets present better growth prospects in the developed, despite all of the bad news we've heard. what's interesting is the valuation gap between emerging markets something we've wrote about and put on our causeway website in an article by our heads of emerging markets. the e

in the core of europe. you're talking places like germany, of course. now these markets, germany, france in terms of stocks have been under performers in 2013 if you look at them compared to the s&p 500. but the real question then becomes whether or not there's more momentum, more upside left, for those european stocks as opposed to what's happening in the u.s. the one thing i will say there are still risks, of course, if syria happens, anything happens in syria, all bets become off and there are still political risks as well. remember, europe is all about the periphery, about the countries like greece and italy. italy may have a political situation brewing with former prime minister berlusconi and his fate in italian poll it ticks that could derail a possible coalition government in italy as well. >> that's one of the things, peter, turning a number of very highly-rate the investment managers to look closely at japan. the infrastructure things that might take place before the olympics. >> i'm sure that's g

inequality unemployment soaring debt europe has had its share of troubles in the five years since the financial crisis struck the aggressive austerity programs launched to cure the ailing economy appear to have made everyday life worse a new report suggests almost a third of your of europeans will live in poverty by twenty twenty five the details now for lucic often off. it's a prediction of a bleak future for europe twenty five million more people living in poverty by twenty twenty five now that is according to a new report from oxfam the charity warns that europe's unchecked austerity programs could spell a lost decade for the continent and entrenched poverty for an entire generation now bailouts of europe's financial institutions may have helped save the banking system but they've also pushed the public debt the assumption was that balancing budgets would give confidence to markets that was supposed to allow credit and investments to plough making a condom use grow and creating jobs but in many countries that simply hasn't come to pass now at issue are deep spending cuts to public

and of course he unemployment and a soaring debt or kinds of troubles have had a europe over the five years since the financial crisis strong governments have been trying to rescue the ending economies with britain austerity measures hurting the everyday well being of every citizen is now a fresh report suggests as many as a third of europeans will be pushed below the poverty line in just a decade but he tells now from washington this account that. it's a prediction of a bleak future for europe twenty five million more people living in poverty by twenty twenty five now that is according to a new report from oxfam the charity warns that europe's unchecked austerity programs could spell a lost decade for the continent and entrenched poverty for an entire generation now bailouts of fear of financial institutions may have helped save the by. system but they've also pushed the public debt the assumption was that balancing budgets would give confidence to markets that in turn was supposed to allow credit and investments to plough making a condom use grow and creating jobs but in many countr

we need to recognize that we in europe live up to our obligation. have 20% of the world economy 50% of humanitarian aid. for countries that have grown stronger, more wealth means more responsibility. we will continue from europe to lead by example and urge others to do their bit. bank bank thank you very much indeed -- >> thank you very much indeed. to the rest of the day's news, details emerging about the man responsible for the deaths of 12 people in washington yesterday. police say that aaron alexis used his pass to get onto the navy yard in washington yesterday and should people in the cafeteria. >> conflicting accounts of the suspected gunman who went on a killing spree, a troubled u.s. military veteran with a string of weapon related violence incidents behind him. however, friends and colleagues from the thai restaurant he worked at said that they knew alexis as a peaceloving buddhist with an interest in thailand's nine which and culture. >> he is a good guy -- language and culture. >> he is a good guy. nothing to be telling me that he is goin