the lessonforeuropewasclear. in december, 1950, the north atlantic council decided to give to a single commander sufficient authority to organize, quit and train an integrated nato force for the defense of europe. the task before him was unprecedented. but each of the nato countries would see to the support of its own national forces, the supreme commander would be responsible for the coordination into a single international force -- a power and responsibility unique in a time of peace. it, he would go knocking at the door of each country and ask tell me what you are willing to do for the defense of europe. call was france, or his new headquarters would be situated. he must discover whether it was militarily possible for europe with her strong national traditions to raise a sufficient force to defend them collectively. on nine, january, general eisenhower left paris. 12 nations with eight different languages and 12 traditions and way of life, of each of them, he could ask similar questions. 10 january, the nether
the lesson for europe was clear. in december, 1950, the north atlantic council decided to give to a single commander sufficient authority to organize, quit and train an integrated nato force for the defense of europe. the task before him was unprecedented. but each of the nato countries would see to the support of its own national forces, the supreme commander would be responsible for the coordination into a single international force -- a power and responsibility unique in a time of peace. it,...
>> civil warineurope. thisis going to be the outcome. >> reporter: the next morning we head two hours north to meet a young man who finds himself in the middle of this potential war. a young man we happen to know quite well. >> i'm from syria, aleppo. >> reporter: we met 21-year-old ali in september in turkey. >> hello. >> reporter: we followed him and his friends as they made the 2,000-mile journey, attempting perilous border crossings in the dead of night -- >> we're right on the border. >> reporter: all the while with their eyes on the prize -- >> in germany. we're going to stop in germany. >> reporter: germany. >> what kind of life do you think you'll have? >> a good life. simple life. >> reporter: the three months later the easy, simple life he imagined in germany is decidedly more complex. >> this is pretty far removed. from anything. >> hello. >> hello. nice to see you. >> how are you? >> it's been a long time. >> reporter: he's clearly relieved to see familiar faces here in this remote corner of e
>> civil war in europe. this is going to be the outcome. >> reporter: the next morning we head two hours north to meet a young man who finds himself in the middle of this potential war. a young man we happen to know quite well. >> i'm from syria, aleppo. >> reporter: we met 21-year-old ali in september in turkey. >> hello. >> reporter: we followed him and his friends as they made the 2,000-mile journey, attempting perilous border crossings in the dead of...
in may 1945, the warineuropeameto an end. this had been the priceofeurope'sunpreparedness.but in may of 1945, our hard-won peace seemed at last secure. a few days before, allied forces from the west have joined hands with the russians from the east. their statesmen had medical cordially at yalta and pakistan and agreed the countries they occupied should be truly liberated and that freely elected government should be set up as soon as possible. within a few months the countries of western europe and scanned nave yeah were free and independent but for the countries occupied by russia, stalin had other ideas. throughout eastern europe, elections were held. but the russians had placed the communists in key government positions and in the secret police. within a short time the noncommunist leaders had been liquidated. russia had swallowed up eight european countries without firing another shot, other than those of the execution squads. great britain and the united states protested that these countries had been coerced by threat of force and that russia had broken her treaty but
in may 1945, the war in europe ame to an end. this had been the price of europe's unpreparedness. but in may of 1945, our hard-won peace seemed at last secure. a few days before, allied forces from the west have joined hands with the russians from the east. their statesmen had medical cordially at yalta and pakistan and agreed the countries they occupied should be truly liberated and that freely elected government should be set up as soon as possible. within a few months the countries of...
could partnerwitheuropeina more effective way? because right now they are, in fact, a european problem because they haven't yet reached our shores. >> i go back to the motivations the legislation has to be the right ones. if the motivations is going to be enough, we have to see as critical for helping europe, our greatest ally. and a europe is as i said on -- if thatcher political innovation i think it's very strong motivation for this administration. it hasn't been. i also want to just rebut cinches niger something and a reset which is we are going down this path of seeing isis -- read but since she is not here something that ann marie said. russia, not sort has the same interest in the middle east as we do. not sure it has the same interest in syria and yet many european countries are saying we have to ally ourselves with russia. i don't think the solution in syria with russia playing the role it is no. is not going to solve the refugee problem and it will damage your because it weakens. >> ambassador, for the first time germany
could partner with europe in a more effective way? because right now they are, in fact, a european problem because they haven't yet reached our shores. >> i go back to the motivations the legislation has to be the right ones. if the motivations is going to be enough, we have to see as critical for helping europe, our greatest ally. and a europe is as i said on -- if thatcher political innovation i think it's very strong motivation for this administration. it hasn't been. i also want to...
increasingforeurope. --the issssue of defense spendg has be increasingineurope. --it has b been aa challenge. -- recent recent attack attacks actually going to drive a sustained i increase in europn defefense spending? especially in the all article research and technology budgets? >> i think that will be the case. not only defense spending. to finish defense, being played only with national interests. the threats -- the threats are transnational. we need more defense cooperation. we need moref a quantum m leap. civilo need t to finish mimilitary instruments that have to be used in the fight nsagaint the new challenges. you said healthy defense capabilities will depend on industrial capilities. if you look at the research anda technology spending, it has been cut by one third in europe. what do you see r the outlook for those budgets? >> it is the most serious effect of spendinbadly for mamany years. we have to reverse that trend and reversrse only a percent of what we do in eope is done jointly. think verimportant factor in reversing this trtrend will e that the european union w
increasing for europe. -- the issssue of defense spendg has be increasing in europe. -- it has b been aa challenge. -- recent recent attack attacks actually going to drive a sustained i increase in europn defefense spending? especially in the all article research and technology budgets? >> i think that will be the case. not only defense spending. to finish defense, being played only with national interests. the threats -- the threats are transnational. we need more defense cooperation. we...
but now france has relinquished its souvereigntytoeurope, butwe don't careabouteuropeatall. >> many young people are proud of french history. over a third of them voted for the front national in the first round of regional elections. in the south, the figure was even higher. in recent years, the established parties have veered from one corruption scandal to the next. observers say they failed to address the crisis besetting domestic politics. >> france is the poor man of europe. not because the french are the worst off but because problems aren't being solved. there are 5 million people unemployed and no solution whatsoever in sight. and now, we have an identity problem. all parties, including the front national, like to cite the illustrious history of the french republic. the trouble is that france doesn't know how to find its place in today's globalised world. >> enzo and his friends are working round the clock, campaigning for marion marechal le pen. he agrees with her avowal that immigrants are responsible for the problems in france. marseille is traditionally catholic, but
but now france has relinquished its souvereignty to europe, but we don't care about europe at all. >> many young people are proud of french history. over a third of them voted for the front national in the first round of regional elections. in the south, the figure was even higher. in recent years, the established parties have veered from one corruption scandal to the next. observers say they failed to address the crisis besetting domestic politics. >> france is the poor man of...
you were talkingabouteurope. ithink you have somehow a very ideal and idealistic view of the european union at the moment. [ inaudible ] i know, i know. we need more europe -- yes, we do, but at the same time europe is not showing that it exists. what i always say you don't give up the prey for the shadow. we have nation states, too. they exist. and europe doesn't show that it's existing. in september before the general assembly of the u.n. i was just amaze amazed that they didn't put together a plan for syria. the migrants crisis for europe is existential and there was no initiative on european side. there were discussions between putin and obama. there was no initiative from europe. maybe the false solution is strengthening the border of nation states and of europe. when you're attacked, you don't open the windows or the doors. you close the windows or door until you know it's safe outside and you won't have someone getting in. i think for now i know it's beautiful. a europe without borders but maybe in the me
you were talking about europe. i think you have somehow a very ideal and idealistic view of the european union at the moment. [ inaudible ] i know, i know. we need more europe -- yes, we do, but at the same time europe is not showing that it exists. what i always say you don't give up the prey for the shadow. we have nation states, too. they exist. and europe doesn't show that it's existing. in september before the general assembly of the u.n. i was just amaze amazed that they didn't put...
the ever free trade agreementwitheurope. tom:this goes over to your pro-europe attitude. do you care that britain is or is not part of the european experiment? digby: i think you want those economic ties. the political nature of those ties is up for debate. europe is a huge economy. you need access. if i were american, i would want to be in the european experiment. we are not very open. the drums for free trade. francine: the opposition party, led by jeremy corbyn, is not the most market friendly person. matter ast does not long as you have a prime minister, does it? there's what kind of chance? francine: 15%? how much would you put it? to become anve alternative prime minister, and he has an ocean to go to get there. the labourve 70% of party in his favor, but 400 50,000 people do not elect a prime minister and he has not reached out. if i was in america, i would not concern myself if jeremy corbyn would ever lead this country. we will talk about investment. and optimism. it is nice to hear that with all of this. later, chair yellen will have an important speech. at the
the ever free trade agreement with europe. tom: this goes over to your pro-europe attitude. do you care that britain is or is not part of the european experiment? digby: i think you want those economic ties. the political nature of those ties is up for debate. europe is a huge economy. you need access. if i were american, i would want to be in the european experiment. we are not very open. the drums for free trade. francine: the opposition party, led by jeremy corbyn, is not the most market...
damien: hello and a very warm welcome to "focusoneurope." wehave some of the best human stories behind the major headlines. thanks for joining us. in a week when europeans are trying to come to terms with the recent paris terror attacks and when many worry another attack could strike. damien: what was particularly shocking about the terror attack in paris earlier this month was that it was a brutal assault on a way of life, a culture, and the city's identity. many people were killed out innocently enjoying themselves with friends in the bars and restaurants in multicultural eastern paris. despite the fear of more attacks, many parisians refuse to be cowed. they have decided to defy the violent jihadi killjoys by reclaiming the tables that line the pavements and will keep on socializing. others witnessed the carnage and are finding it difficult to cope with the trauma. >> just walking to work is tough now. he was working when the terrorists launched their attack on the restaurant. he is not sure he can ever work there again without being afr
damien: hello and a very warm welcome to "focus on europe." we have some of the best human stories behind the major headlines. thanks for joining us. in a week when europeans are trying to come to terms with the recent paris terror attacks and when many worry another attack could strike. damien: what was particularly shocking about the terror attack in paris earlier this month was that it was a brutal assault on a way of life, a culture, and the city's identity. many people were...
is there a way they could partnerwitheurope? butif that is your political motivation but we're going down the path to see isis as the main problem but getting into bed with russia right now i don't think you'll have a solution for syria. and it will damage europe. >> for the first time germany is engaged in a war with isis. with public support to strengthen or weaken. i was told the support had fallen at 70%. is that still true? >> it is the second time we decided to go against ijssel. and then it turns out to be quite effective support for the security forces. to be part of that collation. as germans have had deeply degrade skepticism towards military solution. but it does have the support of the population and parliament. the answer was strong. but there is a party on the right with the islamic immigration party but so far with that attitude it is prevailing. with the hundreds of thousands and i hope it stays that way. to say in the beginning. from the social and the demographic but there was an opportunity in this. with the
is there a way they could partner with europe? but if that is your political motivation but we're going down the path to see isis as the main problem but getting into bed with russia right now i don't think you'll have a solution for syria. and it will damage europe. >> for the first time germany is engaged in a war with isis. with public support to strengthen or weaken. i was told the support had fallen at 70%. is that still true? >> it is the second time we decided to go against...
it won't quell the refugee crisis and it willdamageeuropebecauserussia's interest is toseeeuropeweaken.kati: for the first time germany is engaged in a war against isis. what has that done to public upport for chancellor merkel -- strengthen, weaken? are the german people still solidly behind her? it was a -- i was told by president obama's chief of staff that her support was solid at 70%. now, that was a few weeks ago. is that still true? ambassador wittig: well, it's the second time that we decided to engage militarily against isil. the first time was last year when we decided it was for our standing a big leap forward to train and equip with lethal weapons the kurdish peshmerga north of iraq. it was quite a support for the iraqi in the north for the kurdish security forces. mandated 1,200 german soldiers to be part of that military anti-isil coalition. that was a deaf dive decision for us again. you know, germans have for istorical reasons deeply ingrained skepticism toward military solutions but it had the support of the majority. not only of parliament but of the populatio
it won't quell the refugee crisis and it will damage europe because russia's interest is to see europe weaken. kati: for the first time germany is engaged in a war against isis. what has that done to public upport for chancellor merkel -- strengthen, weaken? are the german people still solidly behind her? it was a -- i was told by president obama's chief of staff that her support was solid at 70%. now, that was a few weeks ago. is that still true? ambassador wittig: well, it's the second time...
is there valueineuropehere--ineurope? arate decision with announcement at seven: 45. hyde and tom keene, another hour of work surveillance coming up. ♪ . tom: this morning again, mario draghi will rescue. there will be hard questions and careful answers at the press conference. markets adjust. they adapt. the euro and sterling are weaker as all adapt and adjust to the yellen dollar. every degree matters. can 190 nations get beyond coal in paris? good morning, this is "bloomberg surveillance." we are live from our european headquarters in london. thursday, december 3, i am tom keene with caroline hyde. so much going on in this important day. what i would notice the last hour, markets continue to move. caroline: the divergence trade the continues, the fact we have u.s. ready to dish meanwhile, ecb -- tom: we saw yesterday. i was surprised at the move off the -- caroline: gold. tom: it continues this morning. let's get you briefed on our first world news. >> fighting terrorism in russia is having feud with turkey, the state of the nation speech today. the russian presi
is there value in europe here -- in europe? a rate decision with announcement at seven: 45. hyde and tom keene, another hour of work surveillance coming up. ♪ . tom: this morning again, mario draghi will rescue. there will be hard questions and careful answers at the press conference. markets adjust. they adapt. the euro and sterling are weaker as all adapt and adjust to the yellen dollar. every degree matters. can 190 nations get beyond coal in paris? good morning, this is "bloomberg...
. >> seeking a better lifeineurope. someare having to retrace their steps and return to greece where they face an uncertain future. >> and bayern munich finally reveal details about the coach who will replace the current coach. coach. >> are yemen's foreign minister says a cease fire has been extended by one week. overlieer peace talks aimed at ending the war broke up without agreement. u.n.'s special envoy for yemen has confirmed peace talks will begin early next year. >> after nearly nine months, the conflict, this is what a cease fire looks like on the ground in yemen. >> fighting on the streets of the city of tais. each side has accused the other of violating tuesday's truce. negotiated at united nations talks in switzerland. >> we entered the province from every direction and side. we reached the city center. this is evidence the houthis have no popular support. >> the formation of mechanisms that could be used to at least deescalate the conflict in yemen. >> how much does it matter that these peace talks bear alm
. >> seeking a better life in europe. some are having to retrace their steps and return to greece where they face an uncertain future. >> and bayern munich finally reveal details about the coach who will replace the current coach. coach. >> are yemen's foreign minister says a cease fire has been extended by one week. overlieer peace talks aimed at ending the war broke up without agreement. u.n.'s special envoy for yemen has confirmed peace talks will begin early next year....
but now france has relinquished its souvereigntytoeurope, butwe don't careabouteuropeatall. >> many young people are proud of french history. over a third of them voted for the front national in the first round of regional elections. in the south, the figure was even higher. in recent years, the established parties have veered from one corruption scandal to the next. observers say they failed to address the crisis besetting domestic politics. >> france is the poor man of europe. not because the french are the worst off but because problems aren't being solved. there are 5 million people unemployed and no solution whatsoever in sight. and now, we have an identity problem. all parties, including the front national, like to cite the illustrious history of the french republic. the trouble is that france doesn't know how to find its place in today's globalised world. >> enzo and his friends are working round the clock, campaigning for marion marechal le pen. he agrees with her avowal that immigrants are responsible for the problems in france. marseille is traditionally catholic, but
but now france has relinquished its souvereignty to europe, but we don't care about europe at all. >> many young people are proud of french history. over a third of them voted for the front national in the first round of regional elections. in the south, the figure was even higher. in recent years, the established parties have veered from one corruption scandal to the next. observers say they failed to address the crisis besetting domestic politics. >> france is the poor man of...
europeisstanding in theway.europehasterrible values. it's sometimes the lgbt community. and now it's turkey. now it's the turks. and we saw vladimir putin today gave his sort of annual three-hour long -- which is actually shorter than usually -- usually four and a half or five hours -- he stood up and gave his annual press conference, and he was in fact very unkind towards the turks. he in fact used some language that won't be repeated here but we see things on russia television you see repeat by the russian authorities, talking about how russia is supporting -- turkey is supporting isis. as soon as the russian jet was shot down, they started saying -- using terms that had never been before seen on russian television like turkish isis. and they're really turns towards turkey as the new enemy, the new other, and to me that a way to distract from the realities at home, which are that the russian economy is not doing terribly well. oil is falling to an all new low, which means the russian budget is going to suffer. growth is again expected to decline. we're seeing a falling
europe is standing in the way. europe has terrible values. it's sometimes the lgbt community. and now it's turkey. now it's the turks. and we saw vladimir putin today gave his sort of annual three-hour long -- which is actually shorter than usually -- usually four and a half or five hours -- he stood up and gave his annual press conference, and he was in fact very unkind towards the turks. he in fact used some language that won't be repeated here but we see things on russia television you see...
forces in the baltics andcentraleuropetoreassure our allies and build up their capacity. we're also transforming our posture in europe to be more responsive and sustainable for the 21st century. american rotational forces need to more more quickly and easily to participate in training and exercises in europe. that's why we are prepositioning tanks, artillery, infantry, fighting vehicles and other equipment to rapidly response to crisis and provocation. six states in europe, the three baltic states plus bulgaria, romania and poland have agreed to host company to battalion sized elements of this equipment which will be moved around the reege be for training and exercises. second the united states and the alliance are focused anew on planning and shaping our future military activities in europe. we have energized planning and resourcing efforts in response to the changed security environment in and around europe. third we are working to improve our defensive measures to deny russian offensive capabilities by modifying and expanding air defense systems, including addressing t
forces in the baltics and central europe to reassure our allies and build up their capacity. we're also transforming our posture in europe to be more responsive and sustainable for the 21st century. american rotational forces need to more more quickly and easily to participate in training and exercises in europe. that's why we are prepositioning tanks, artillery, infantry, fighting vehicles and other equipment to rapidly response to crisis and provocation. six states in europe, the three baltic...
france saying we don't wantbiggereurope. europeneedsto get its act together. draghi can't do everything. he needs the help of the politicians, but the politicians are all over the place. jonathan: a final thought from you. the political risk story. it happening greece. -- it happening greece. does it have more of a bite for you? dollar-yen these are big countries saying no to europe. unfortunately your project needs physical cohesion, and were not seeing it. we could begin to see fractures developed quickly and that could impact whenever they occur in the markets. jonathan: big thanks for joining us, stewart richardson. opec, output targets will be confirmed next june. crude at $39 a barrel. ♪ >> 30 minutes into the trading day. let's talk about the markets. bounce,etting a draghi oil stocks suffering. i urge you to take a look at the last five days. we are veryr, but much down over the last five days. the crowded trade suffering a little bit. jonathan: this rally is not convincing. we'll go through the other asset classes. euro, weaker. there is the kicker.
france saying we don't want bigger europe. europe needs to get its act together. draghi can't do everything. he needs the help of the politicians, but the politicians are all over the place. jonathan: a final thought from you. the political risk story. it happening greece. -- it happening greece. does it have more of a bite for you? dollar-yen these are big countries saying no to europe. unfortunately your project needs physical cohesion, and were not seeing it. we could begin to see fractures...
europe? --oddities buying companies eastern europe, what about the of security about buying shares in eastern europe? james: i'm not the eastern european strategist of merrill lynch. as an asset class, we think it is ok. there's plenty to be developed, but that has to go into the emerging market space. taking european banks, they are on 10 times earnings. if our numbers are right they will be sitting on a 5% positivity yield. guy: adjust your numbers for european investors. james: our strategists have dollar-euro and 95. the currency adjuster does not look that great. there are plenty of ways to hedge or currency. guy: you still expect u.s. investors to put money to work in europe, they will just hedge it out. that is where the flow will come from to drive european equities higher. james: we have 2 forms of flow. one is out of the states, that tends to be currency hedged. the second tends to be people coming out of other asset classes, things like corporate bonds. they have been hunting inco
europe? -- oddities buying companies eastern europe, what about the of security about buying shares in eastern europe? james: i'm not the eastern european strategist of merrill lynch. as an asset class, we think it is ok. there's plenty to be developed, but that has to go into the emerging market space. taking european banks, they are on 10 times earnings. if our numbers are right they will be sitting on a 5% positivity yield. guy: adjust your numbers for european investors. james: our...
those expertstoeuropearegrowing 10% year on year. >> are you worried what's going to happenineurope? >>to a degree yes. we have to be cautious. to now it's been mainly talk but we have to make sure that if someone applies unfair measures against israel then we can diversify. i think no country today can exist without israeli technologies because of the chip in your iphone, in your cell phone, it was developed here. developed in israel. heart stents, water technology. whatever you touch today was developed in some way in some form in israel. i don't think it's a very smawt move t very smart way. >> met with russian president vladimir putin , met with benjamin netanyahu. with which israel is formally at war, with the saud regime. israel and syria p that's little odd isn't it? >> you have to follow your values as a jewish democracy, in light of this and i think we're being very smart about this. about diversifying, about building core technology in cybersecurity and r&d and medicine. and we're going to continue doing that. >> naftali bennett good to see you. the news continues here on
those experts to europe are growing 10% year on year. >> are you worried what's going to happen in europe? >> to a degree yes. we have to be cautious. to now it's been mainly talk but we have to make sure that if someone applies unfair measures against israel then we can diversify. i think no country today can exist without israeli technologies because of the chip in your iphone, in your cell phone, it was developed here. developed in israel. heart stents, water technology. whatever...
some of the stories i'm reading describe it as a primebyeuropeeuropetoturkey and that 3 billion is a drop in the ocean compared to what is needed to deal with turkey and the refugee crisis. what do you make of that proposition, that europe has bribed turkey? dealingl rather tawdry with your own european affair. of course it is necessary that we go to the source of the refugee crisis, which is syria in the meantime, and i'm pretty happy that last night, even the u.k. has joined us in fighting the i.s. people. that's one of the things we need to do. 3 billion is a drop in the ocean, you're right, but the refugees are coming out of syria and iraq, going to turkey and coming to greece and so on. all of a sudden, they are all in germany. we cannot do it all. is a necessary that there certain kind of european solidarity. be the only net and take all the refugees as well. that is not possible. we need some more european solidarity on this case. i'm happy that some joint forces are fighting the i.s., fighting the problem in syria. on the other hand, we also need to have a certain amount
some of the stories i'm reading describe it as a prime by europe europe to turkey and that 3 billion is a drop in the ocean compared to what is needed to deal with turkey and the refugee crisis. what do you make of that proposition, that europe has bribed turkey? dealingl rather tawdry with your own european affair. of course it is necessary that we go to the source of the refugee crisis, which is syria in the meantime, and i'm pretty happy that last night, even the u.k. has joined us in...
in the southofeurope. weare working to implement agreements made at the whale summit and plan for the next summit of leaders in warsaw next july. nato has reorganized the nato response force, is it isw up command centers and pressing our allies to fulfill the commitment to invest more in defense with a focus on new capabilities. we look for ways to improve capabilities and decision making with regard to nato's nuclear deterrence mission, allies remain strongly committed to burden sharing as a foundational element of nato's defense posture. our f-35-a is on track and should be operational testing of its duel capability in 2024. the b-61-12 life extension program, a critical element with our nato commitment and strategic forces is on schedule and budget to meet a march 2020 first production unit goal. in confronting this challenge, we will take a strong and balanced approach. we will not go back to the old cold war play book of having hundreds of thousands of we are also mindful that we do not need to nor
in the south of europe. we are working to implement agreements made at the whale summit and plan for the next summit of leaders in warsaw next july. nato has reorganized the nato response force, is it isw up command centers and pressing our allies to fulfill the commitment to invest more in defense with a focus on new capabilities. we look for ways to improve capabilities and decision making with regard to nato's nuclear deterrence mission, allies remain strongly committed to burden sharing as...
outsideeurope. sothat is representative in fairfax county. makes fairfax county somewhat unique is it is near the capitol and there is a lot of defense industry and technology industry. it has brought in more immigrants than other places, but it actually is quite representative of many parts of the us. >> proud of their immigrant grandparents, proud of being a mixing pot. when we talk about bringing immigrants from syria, talk about immigration issues they become reticent. >> we have this myth in america that we are a nation of immigrants. it is something we told ourselves about our history from the beginning. the truth is, for 200 years we were not really a nation of immigrants. we were a nation of immigrants from northern and western europe and that policy was enforced by national origin quotas and is really only been since 1965 when we get away with these quotas that we became a nation of immigrants from all over the world. it is only in the last 5050 years that we became a truly diverse nation.
outside europe. so that is representative in fairfax county. makes fairfax county somewhat unique is it is near the capitol and there is a lot of defense industry and technology industry. it has brought in more immigrants than other places, but it actually is quite representative of many parts of the us. >> proud of their immigrant grandparents, proud of being a mixing pot. when we talk about bringing immigrants from syria, talk about immigration issues they become reticent. >> we...
walked countless miles through the heartofeurope. almost4,000 have died in the process this year. and this might be the most extreme. going all the way up to the russian arctic circle to a tiny remote border with norway and crossing by bike. where temperatures get so low that they could freeze to death. part of the way to the actual crossing. it was on one of these buses on the russian side of the border where we met the yahea family from baghdad. >> i leave because my life is kind of dangerous. >> reporter: they paid $4,000 for this route to europe to avoid having to cross the mediterranean by boat. the russian government wouldn't let us film their actual crossing so we met up with hussein, his wife sarah, and their 18-month-old son yuls 7 on the norwegian side. >> what was the first thing that went through your head when you crossed the border knowing you were finally -- >> sure. i feel i am in a safer place. >> reporter: hussein and sara are on the run, their lives threatened by one of iraq's many powerful militias. >> they told
walked countless miles through the heart of europe. almost 4,000 have died in the process this year. and this might be the most extreme. going all the way up to the russian arctic circle to a tiny remote border with norway and crossing by bike. where temperatures get so low that they could freeze to death. part of the way to the actual crossing. it was on one of these buses on the russian side of the border where we met the yahea family from baghdad. >> i leave because my life is kind of...
europetonightis a continent on edge. >> how are you going to spend your new year's eve around the world? there's in fascinating traditions. let's aquaint you with a few of those. big square in the center there. you have the red underpants. that may look peculiar but apparently in turkey it is a tradition to wear red underwear for new year's eve. dinner for one is a tradition in germany. it's an old black and white english program that germans now watch every new years eve. how about your own personal one? get in touch if you'd like to tell us how exactly you're intending to spend your new year's eve. squawk box europe and cnbc.com, you can get to us on that or come to us through worldwide exchange of course. new york city police commissioner says the department is, quote, not aware of any threat at this time that we deem credible. never theless, the nypd will fan out around 6,000 offices throughout the times square area where over 1 million people are expected to gather to watch the ball drop. chris is there live from ti
europe tonight is a continent on edge. >> how are you going to spend your new year's eve around the world? there's in fascinating traditions. let's aquaint you with a few of those. big square in the center there. you have the red underpants. that may look peculiar but apparently in turkey it is a tradition to wear red underwear for new year's eve. dinner for one is a tradition in germany. it's an old black and white english program that germans now watch every new years eve. how about...
europe, orseaffectespeciallyaffecteurope, soeuropean political risk is quite acute. it's geopolitical and socioeconomic risks i am most worried about, because that will be difficult for leaders to deal with. joe: one of the things you are concerned about is angela merkel's political future. during the peak of the refugee to the winter your people have been coming in -- but there were concerns that her poll numbers were collapsing when she was a beacon of stability. what is your future? a vote oft survived confidence and she barely boldly called that. but that was from her party. her party still supports her, which is crucial. the risk of merkel exit, we identified it as one of the top risks, is a serious one. one of the things we say when we think about political risk for 2016 is we haven't got a lot of major elections. the u.s. and a couple others. but it is all about 2017 for europe. the year ahead will lay the groundwork. i think merkel stands a good chance of going on to a fourth term as chancellor. the extent to which europe relies upon her to keep the show on t
europe, orse affect especially affect europe, so european political risk is quite acute. it's geopolitical and socioeconomic risks i am most worried about, because that will be difficult for leaders to deal with. joe: one of the things you are concerned about is angela merkel's political future. during the peak of the refugee to the winter your people have been coming in -- but there were concerns that her poll numbers were collapsing when she was a beacon of stability. what is your future? a...
reporter:ineurope, it'sthe biggest movement of people since world war ii. fleeing war, hardship, and persecution, many end up in italian detention centers. doyle: you know, migration is the oldest adaptation strategy that man knows. if you think about it, how people spread around the world through migration, so we're not talking about something that's just been invented in the last couple of months or weeks now that we're paying more attention to it in the media. doyle: i mean, the italians, because they are closest, if you will, to north africa, they take an enormous number. many of these migrants and refugees wish to go through italy very quickly and move on to sweden, where they may have family, or germany, where they know there's a chance of a job. so the italians have been extraordinarily generous. they've funded the mare nostrum maritime rescue operation for two years. they've saved hundreds of thousands of lives, and they continue to do so. but they're in a tough place, too, because like every country, they have their own domestic politics, and there
reporter: in europe, it's the biggest movement of people since world war ii. fleeing war, hardship, and persecution, many end up in italian detention centers. doyle: you know, migration is the oldest adaptation strategy that man knows. if you think about it, how people spread around the world through migration, so we're not talking about something that's just been invented in the last couple of months or weeks now that we're paying more attention to it in the media. doyle: i mean, the italians,...
kicking things off, joe weisenthal and you are staying ontheeuropevain.>> i like to sticktoeurope. oneof the major challenges for the ecb is falling short on its inflation target. if you look at germany, the economy is doing fine but on that every, still some major challenges. here is spain which is one of the faster growing economies. it's year-over-year cpi change it has not had positive inflation since june of last year. today it was expected to come in at positive 0.1% but came in negative. it shows how hard it's been now much for the ecb still has to do getting eurozone economies back. it's not happening and this is one of the bright spots supposedly in europe not anywhere close. betty: why is this? does oil have something to do with this? >> certainly but even though europe is growing, there are still lots of slack in the economy. there's just a lot of catching up to do. betty: we're going to asia with caroline. >> we are so international. i'm talking about the yuan. we are seeing this discounting going on and off during onshore and affect the chinese central bank does not
kicking things off, joe weisenthal and you are staying on the europe vain. >> i like to stick to europe. one of the major challenges for the ecb is falling short on its inflation target. if you look at germany, the economy is doing fine but on that every, still some major challenges. here is spain which is one of the faster growing economies. it's year-over-year cpi change it has not had positive inflation since june of last year. today it was expected to come in at positive 0.1% but came...
people talkabouteuropeturninginto japan. are they comparable? can we draw conclusions from one to the other? >> i would argue very much with the conventional diagnosis of what's gone wrong in japan, inflation being the problem, when there hasn't been deflation. there has been price stability. if you look at japanese economic performance, there's only been a five-year period during which japan underperformed its peers in the oecd. there is a myth about japan. draghi quotes that myth as much as bernanke and yellen, but it is a myth. guy: jpmorgan says we could see the yen below 100 to the dollar. what was the impact be? >> you have to see what lies behind that, whether they again goes to 140 or 100 will be determined by what happens on global stock markets and asset markets. if we have a powerful recovery in u.s. markets and global asset markets are very frothy, the yen could go to 140 as capital pulls out of japan. if we see a set price deflation, u.s. stock market falling, more problems in junk bond markets, yen could be headed towards 100. i wo
people talk about europe turning into japan. are they comparable? can we draw conclusions from one to the other? >> i would argue very much with the conventional diagnosis of what's gone wrong in japan, inflation being the problem, when there hasn't been deflation. there has been price stability. if you look at japanese economic performance, there's only been a five-year period during which japan underperformed its peers in the oecd. there is a myth about japan. draghi quotes that myth as...
that is not justineurope, butineurope, ithas manifested itself many times. richard: look at the united states with mr. trump doing so well. i don't think any political forecaster would have thought him to still be at the top of the polls. it is a broad theme. anna: when we look at oil prices, it continues to be really in the market's side right now. low. is at an 11 year we continue to watch the oil prices trakc lowack lower. richard: since we have had the recent sharp selloff in oil, all of the little bounces we have seen are in contrary action to the selloff. they have been shallow and short-lived. it seems to me that any of those bounces, market participants have been looking at them as selling opportunities. i think julian lee is one of the smartest voices in oil. i think you want -- you are little bit nervous right now. anna: thank you very much, richard jones. stay with bloomberg television. we will be speaking to the disney ceo at 1:00 p.m. london time. this is after "star wars" had the biggest box office opening weekend of all time. that will do it f
that is not just in europe, but in europe, it has manifested itself many times. richard: look at the united states with mr. trump doing so well. i don't think any political forecaster would have thought him to still be at the top of the polls. it is a broad theme. anna: when we look at oil prices, it continues to be really in the market's side right now. low. is at an 11 year we continue to watch the oil prices trakc lowack lower. richard: since we have had the recent sharp selloff in oil, all...
refugees rebuilding their livesineuropeonenote at a time. the iraq eau army says it has liberated large part of thes ramadi. an operation to recapture the city on tuesday but the advance is being slowed down by explosive devices left behind by the group >> reporter: as the days wear on, iraqi forces trying to retake ramadi has made a sobering admission. it will take time. the military is trying to overpower i.s.i.l. fighters who have been in control of the city since may. backed by air strikes, ground troops are edging forward, street by street towards the center. >> translation: moral doeses e is high and we will keep advancing to take the whole of the ramadi city, god willing. we will liberate the remaining parts of ramadi. >> reporter: eye ago' intelligence says there are just a few hundred i.s.i.l. fighters left within the city parameters. they're proving a difficult foe. traps of capable of damaging 25 tonne vehicles. it has slowed down the troops but it hasn't stopped them. >> translation: following the liberation of the area, teams fr
refugees rebuilding their lives in europe one note at a time. the iraq eau army says it has liberated large part of thes ramadi. an operation to recapture the city on tuesday but the advance is being slowed down by explosive devices left behind by the group >> reporter: as the days wear on, iraqi forces trying to retake ramadi has made a sobering admission. it will take time. the military is trying to overpower i.s.i.l. fighters who have been in control of the city since may. backed by...
dollars headedtowardeurope? shahab:at the moment, there is on aleavingeuropeportfoliolevel. it started with foreigners who owned european portfolio assets, selling those assets and leaving. we are seeing central banks having to reduce their reserves, under pressure from particularly emerging markets. bottom line, there is not much demand for euros right now on the portfolio level. next one in my view will be when european investors start setting their own assets. very busy selling in europe, but the europeans themselves can also be the next factor. europeansxt big drop, selling euros. tom: i agree with you, to be perfectly honest. the fuel of cheap, cheap money, and lots of dry powder as well. you wonder what disney will do. they will have a little bit of cash flow to deal with next year. robert eiger is the disney ceo. he will be on "bloomberg " in the next hour. "bloomberg surveillance." ♪ guy: welcome back. you are watching "surveillance." one day closer to christmas for them in hong kong. here is vonnie quinn with the bloomberg business flash. vonnie: thank you so
dollars headed toward europe? shahab: at the moment, there is on a leaving europe portfolio level. it started with foreigners who owned european portfolio assets, selling those assets and leaving. we are seeing central banks having to reduce their reserves, under pressure from particularly emerging markets. bottom line, there is not much demand for euros right now on the portfolio level. next one in my view will be when european investors start setting their own assets. very busy selling in...
[shouting] >> prime minister is ineasterneuropebecausewe are fightingforeurope. >>mr. speaker, i have to tell him that many are pretty unimpressed. [laughter] mr. speaker, mr. speaker, the honorable member describes the prime minister's renegotiation efforts at pretty thin gruel. lame and trivial. yesterday the honorable member told that they were not all that impressed. [shouting] >> now, mr. speaker, chancellor is well known for cultivating and there's absolutely nothing wrong with that. can i ask him the questions, his own side won't answer? [shouting] >> given the prime minister has preresigned, does he aspire to be britain's post eu prime minister? [shouting] [laughter] >> most opposition parties are trying to get momentum, they are trying to get rid of it. [shouting] >> we are fighting for a good deal for britain and europe, we are fighting to make the european economy competitive to everyone and braitian gets a fair deal that a country that's not in the euro, in the end, it will be something we put to the people in britain and the only reason it's happening at a
[shouting] >> prime minister is in eastern europe because we are fighting for europe. >> mr. speaker, i have to tell him that many are pretty unimpressed. [laughter] mr. speaker, mr. speaker, the honorable member describes the prime minister's renegotiation efforts at pretty thin gruel. lame and trivial. yesterday the honorable member told that they were not all that impressed. [shouting] >> now, mr. speaker, chancellor is well known for cultivating and there's absolutely...
and once again jewish families are starting tofleeeurope. thispast summer, anna shogren, a mother of four was walking down the street in sweden when she was suddenly viciously beaten by a mob. what did she do to deserve this? she was wearing a star of david around her neck. how did this happen again? why? after seven decades and three generations is this new storm of anti-semitism sweeping through europe and targeting jews once again? for decades, the world has been fed lies about israel. that israel is the curse of everyone's problems. that israel is the villains of the 21st century and israel has the right to exist. we all learned that when you tell a lie three times and there's no response, that lie becomes the truth. this vil fiction of israel, the only jewish state on earth, quickly became an opportunity to attack jews, much of this came from the middle east but it found fertile ground throughout the world and the targets of this hate are not just jews but christians who are being slaughtered in africa and the middle east. women and gi
and once again jewish families are starting to flee europe. this past summer, anna shogren, a mother of four was walking down the street in sweden when she was suddenly viciously beaten by a mob. what did she do to deserve this? she was wearing a star of david around her neck. how did this happen again? why? after seven decades and three generations is this new storm of anti-semitism sweeping through europe and targeting jews once again? for decades, the world has been fed lies about israel....
we see almost double those figures, particularlyineurope. inthe u.s. the increase is much, much less. still only about 150 people or so who have gone from here, but in europe it's many thousands. that is obviously of great concern to the european authorities >>> perhaps to correlate with the fact that american muslims generally are seen as much better integrated in society here than in europe, but that's still 150 people from here that the government has to keep track of. >> we don't know who is coming, staying there, going to get killed. 40 or so have come back. it's a huge devotion of resources if you're going to follow all of those. clearly you need to find out why people have gone and why people have come back >>> a report that says i.s.i.l. may become more dangerous as it does. what does that mean? <
we see almost double those figures, particularly in europe. in the u.s. the increase is much, much less. still only about 150 people or so who have gone from here, but in europe it's many thousands. that is obviously of great concern to the european authorities >>> perhaps to correlate with the fact that american muslims generally are seen as much better integrated in society here than in europe, but that's still 150 people from here that the government has to keep track of. >>...