naziism and the far right movement in europe this is the inside story. thanks . thanks thanks. hello and welcome to the program i'm has an arsenal of weapons has been seized by italian police in a raid on a far right group authorities say the incident is significant and almost without precedent stockpot was discovered during an investigation into the involvement of italy's far right movement in the conflict in eastern ukraine and it included in a missile rocket launches and automatic rifles described as latest generation neo nazi propaganda material was also seized police have arrested 3 people including a former candidate for the neo-fascist foreigners a new all the party fabio. loans house was found to contain a huge stash of alms as well as hitler memorabilia the europe has experienced an increase in the popularity of right wing groups in recent years much of their rhetoric is based around national populism and attacks on migrants and muslims and they've gained more ground with the rise of far right political parties in european parliament's. right wing movements have held protests ag

know that europe's borders can't just be open for everyone to wander in as they please so you had a bit of that today in a speech in the parliament saying on the one hand we need a humane humane border system and on the other hand saying that we need to speed up the process of beefing up you know the european border agency with. 10000 operatives. which sounds like a lot perhaps but when you think of a vast territory that the all the borders in the relevant borders to the to the south and the east of europe you know there's a reserve a lot of territory to cover there so maybe it isn't such a such a such a tough line after all but she's saying you know we've got to get a grip on this problem we can't allow people to be drowning in the mediterranean that's an issue that's got a lot of. impassioned opinion and was certainly active during the european election campaign recently and i think people european citizens do want an answer to that but at the same time you've got the rise of the far right and of course they have made a lot of capital out of the idea that there's an unending flow

july 20th on t.w. . and historic day for europe because of her the german conservative politician ursula from the line has been elected president of the european commission the 1st woman to hold the european union's top job and she wasn't the 1st or 2nd choice among europe's leaders her win tonight suggests that in european politics the 3rd time can be a chore i burned off in berlin this is the day. and i think you'll fall the trust your place to meet. the trust you placed in me is confidence you placed in your up close a little underlined is a christian democrat she is a genuine european in. that. you know she didn't have her do a good job and germany is why should i expect that she will do a good job he has the commission as president to keep the higher european politics our domestic politics they feel. it was an underlying his cause a delicacy in germany about terri ministration of office and the defense ministry she wants to build a centralized undemocratic updates a full government is a tough. tough tough tough tough. and coming up later tonight we take you to the launchpad w

the 2 sides those are the headlines the news continues after europe's forbidden colony of season. mary moon 2 2. the wind if you can thanks yeah but we have been put in the audience so the day ends or. i'm organizing a big event said the biggest theater in this type of europe and we are marking the 4th anniversary of julia not tonge political as i don't and i for the most happening at the same day today in their lane brussels belgrade but i wish patties . naples madrid. well i desire all the all the all the venues all our people i think this case is not just about julian assange it's about transparency it's about democracy in europe. you know this about speaking on stage how does it fit in with your normal life this is normal. for you but don't last for just sit in the room and write for some of them tell me what you do there are books but also but they also do this also go to refugee that you think you are a new kind of from us. i don't have time to think about myself. and was this 1st the world believe me or speak around anybody focuses people. and then we get in from this side

focus on europe coming to you from the heart of the italian capital rome but it was here back in 1957 that history was quite literally made with the signing of the treaty of rome that would lead the way to the creation of the european union as we know it today alongside that's another dream came true the dream of freedom of movement for all of your citizens so we joined one young man for a very sure bet to see how that freedom of movement works today. this summer friedrich schubert is exploring europe from west to east by train. he's already covered over 2500 kilometers. i think on the conquest from paris france i travel to italy so this is my 3rd country. his next stop is below nya a university city in central italy. the us given no 27000 free for weeks into rail train tickets to european youngsters. it wants them to explore the consonants and hopes this will help counter nationalist tendencies in some e.u. states. the success of the silicon stereotype is that people here are more relaxed more open with one another and more welcoming to strangers they have an affront to know fro

choice among europe's leaders her win tonight suggests that in european politics the 3rd time can be a chore i burned off in berlin this is the day. and you'll fall the trust you place to meet. the trust you placed in me. confidence placed in europe. to live on the line is a christian democrat she's a genuine european. machine didn't have her do a good job and germany is why should i expect that she will do a good job ts the commission's president we keep the heart european politics our domestic politics. it was fun to line his calls doubtless in germany about harriet ministration of office and the defense ministry she wants to build a centralized undemocratic updates a full government is a. top down. and coming up later tonight we take you to the launch pad where 50 years ago today she a man of these greatest journey began. box. our. own to our viewers on p.b.s. in the united states and all around the world welcome we begin today with the woman whose election victory today route history here in europe the german conservative politician ursula fund a lion today became the 1st woman eve

and people still want to know your view. it is really fascinating. the reality is, what europe has taught us is there is no lower bound. in other words, if equities are weak, if the economy is weak, we can go a lot lower, even negative. on the other hand, i'm not sure we should believe this will be the equilibrium rate of inflation. and inflation will only be 1.5% over the next 10 years. rates probably should be higher in the longer run. jonathan: lisa? lisa: it depends on how you interpret bob michele's call. he said rates would go to zero over some period of time, which is probably true. jonathan: a multi-year period. lisa: over some period of time they will probably go to zero because in the next recession, they only have 250 basis points of cuts to do, so they will probably end up at zero. that is a fair assessment but i don't think it's happening in the next 12 months. jonathan: i want to view on something bob michele has also talked about. the amount of money in money market funds right now and the idea that when a rate cut comes, that money will need a new home and it will b

data from the u.s. looks resilient and europe showing signs of life, fueling a bit of a backup in core government bond markets. let's begin with the big issue. are there cracks appearing in the everything rally? >> we have really seen a strong rally. >> rally. >> rally. >> the entire market rally so far has been discounting what the central banks are doing. >> the fed that is reacting to a downshift in the sentiment. >> the one thing that has not rallied in this everything rally are long dated bond prices. >> investors have been positioning for continued divergence in that correlation. >> yields are much higher than they were 48 hours ago. >> we have had some better data recently. >> inflation data did see a reversal of some of the weakness. >> the fed has gotten dovish. >> it is not just the fed. >> the ecb remains on this dovish stance. >> it's a pretty positive environment for yields. >> we have seen an astronomical amount of money pouring in, and it is not in short dated treasuries, it is longer dated. one of the most credit trades in the market is high quality duration. if you loo

if citizens sent europe has had to tighten its borders in order to prevent right wing populist from gaining the upper hand so let me start out by asking you about the numbers that we're seeing as i mentioned this is in fact the biggest wave of refugees worldwide on record since the 2nd world war why is that must we expect this trend in fact to continue rising it's indeed the case that the refugee influx to europe has been unprecedented since world war 2 but the reasons are very diverse we see people fleeing from war but also people searching for opportunities in europe so. there's on the one hand the intensification of war and conflict in the middle east and hardships in south america that lead to large movements of people but there's also economic developments in africa that lead to an increase in the number of migrants arriving from there and also crossing the mediterranean through libya. those who advocate tighter borders often see refugees as people who are making an economic choice basically looking for a better life those who advocate doing more to open borders to receive them

collision course that could end in war and it puts unprecedented pressure on europe to save the deal to define the us and at the same time to save the peace i'm bringing off in berlin this is the day. that iran has exceeded the 300 kilogram in reached iranian limits we would like to see the european union impose sanctions on iran on all allies share concerns when it comes through. the. stabilizing if he would just call it tough i don't know the europeans have failed to fulfill their promises self protecting iran's interests on to the deal but it does they will start to enrich uranium again we cannot let iran having nuclear weapons just give donald trump that's what he got out of it that he was going to give us a better deal. also coming up tonight to more people have died in sudan by demanding what would be a radical change in the country a government led by the people not by the soldiers punish these oppressors. we want to civilian government a civilian one. that. even though it's painful the will to achieve freedom will never escape us we will keep on until we have a civilian governme

lost shipping. i think is the best metaphor for what's happening in europe today in the sense that people refugees who are fleeing from war and from war zones such as syria but also going to stand in iraq became a problem why because we're at the train track and they were blocking the train tracks. so it became a problem for for the for a sions for also other countries not only greece because this way was blocked so on the one hand what you can see is the. refugees don't have the rights to move freely on the other hand towards can move freely as far and as much as they want. but greece is subject to forces beyond its control. to global financial crash reveals that greece has taken out a mountain of loans from european banks. at the urging of european leaders europe's financial institutions gave greece the biggest lonely in history. and most of that money flowed straight back to the mainly french and german banks who kept encourage them to borrow. but the loan conditions required extreme osteria to state spending cuts so severe that the economy shrank by a quarter of unemployment re

secret that europe's populist and nationalist parties gearing up to try and make a splash at the coming european elections but who's helping them we are nationalists we are separate so we leave all our members with all one with their own vision and principle in respect of all what this except you know use comfortable phrases like it's a club meant for the exchange of ideas from nationalist populist movements across you're talking strategy for bang and it's far more combative than that isn't it he called it governing up the e.u. parliament in other words blocking your purposes essentially destructive no it's to review not building you know your breaking yards no way up we are reinforcing and rebuilding the preeminence of the national what does he say he said the beating heart of the globalist project is in brussels if i drive the stake through the vampire the whole thing will start anticipate well pretty self-important play or younger. if we we analyze the situation in the sense that the system like the us ultimately ends up imperialism kind of imperialism i have confidence that the forc

, but to talk about britain and europe to begin with, that is very difficult nowadays because europe is so much in flux. as was said about the also be in riddle inside an enigma. britain, at this very moment, of europe needing new leadership and a new profile, is leaving it. i wonder if that is a wise thing to do, when you are living at the very moment when europe might need you more than ever. what has the eu done to yourself that you have put brexit at the head of everything else in the world question market is ridiculous. in my heart of hearts, i believe brexit is a fallacy. it is a real fallacy because it is not the main threat to british future existence. it is really a domestic agenda, which i would be far more interested in. ina which i would be far more interested in. in a way, about brexit, i want to come clean about the exit date, the 31st of october. so you're going to come clean on your first day in office? i would say it is unrealistic. the people we want to know is it with are not going to be in place until later in the autumn. it is the new leadership of europe, there is

she's perceived as being very strong in europe she's been campaigning very much on the basis of her childhood connections to europe she actually grew up in belgium i'm sure max tell us a little bit more about that side of things but she basically has been emphasizing her multilingual of the she speaks a number of different languages and that european that pro european background and she was known for that also within c.d.u. circles here in fact back in 2011 she called for a united states of europe as a means to essentially come back from the financial crisis and she's also you know she's a brussels born political blueblood we have to we have to mention as well max with that i'd like to turn with you because i mean she's she would be coming in here with the a pretty strong network of allies what does that mean for her candidacy. it did help there especially with the leaders she have been quietly building up that network over the years going really under the radar in her function as minister of defense to eastern european partners who backed her she has a very strong backing in tundra

that woman thanks to all of us who built a europe of peace of unity and a europe. because. so max i'll turn to you with that what would it mean for the european commission to have a woman at the helm because i mean gender has been a topic there in the e.u. hasn't. it would be a very strong signal obviously like for any other strong position where you have a woman in power and in the past the commission always struggled to have that gender balance so strong signal but also something that might help her get elected here because this is one of the most important topics to the leader of the social democratic political group here in parliament maybe one of the reasons why she gave her a standing ovation at the end of that speech and apart from that many in brussels and more so than in germany i got the feeling really think that it was a tough one a lot. as qualified for the job it's not just that she's a woman she actually knows what she's doing she speaks 3 languages very well she's always shown a very keen interest in european topics she is a very well known entity here because of na

placed in me here the trust you placed in me is confidence you placed in europe your confidence in the united and a strong europe from east to west from south to north. as a german a woman and a close ally of angle a merkel on the line will be seen as an extension of the chancellor's dominant role in european politics she owes her career to merkel and like merkel she's a political conservative and a passionate supporter of european integration. but big spending promises designed to sway down to any peace are a departure and may prove hard to fulfill we must take bold steps to get mrs ford a lion is indebted for their support to opposing quarters from the socialists to the nationalists which means someone will have to be disappointed supporters in the heavyweight center right european peoples party bloc to which belongs brush those concerns aside she managed to get the support of $27.00 out of $28.00 heads of government in the european union so western europeans eastern europeans were supporting her representatives from a different political families and what she also managed to do is t

blistering heat wave in europe and record high temperatures france experiences of all time highs for a 2nd straight day and to germany belgium and the netherlands sweltering as well. i'm sumi so misconducts good to have you with us we start with a tragedy in the mediterranean nearly a 150 refugees are feared to have drowned after their boat capsized off the coast of libya more than $135.00 people were rescued after the accident and returned to libya it's the worst shipwreck to take place in the mediterranean this year. these exhausted migrants have been sent back to libya from where they had set off for europe right next to the survivors are those who did not make it. this woman says she lost her 7 year old son in the boat accident she's grief stricken but also angry she says no one helped her and her family in libya oh my god they don't know how did anyone they sent me away and they told me and my children that we had to find our own way. i just want to go back to my home country of sudan to die but it is. illegitimate under my word. after what is probably the worst boat accident in the m

hungary's prime minister is a guardian of europe's borders manning the ramparts against migrant told. to others viktor orbán is an authoritarian demagogue whose far right agenda poses a significant threat to democratic values. people in power investigates the leader taking his country to extremes hungary europe's bad boy on a jersey. it's my privilege to name al-jazeera english the broadcaster of the year the cartels are fighting each other and we've been told that we can't believe yes this is the largest demonstration that's been held by will direct your g.'s since over 700000 of the live here are some of the nicest losers on the planet earth here or they think the big bucks that hit. al-jazeera english proud recipient of the new crystals called cost of the year award for the secular. cover for the girls in 1999 a boeing 767 took off from new york to cairo and. they will do everything no one survived the journey 20 years on al-jazeera while the revisits the case of the fatal egypt crash flights 990 what really happened on al-jazeera in the ghetto 7180 on the telly and set out

view. what europe has taught us is there is no lower bound. if equities are weak, if the economy is weak, we can go a lot lower, even negative. on the other hand, i'm not sure we should believe this will be the equilibrium rate of inflation. rates probably should be higher in the longer run. you: it depends on how interpret bob michele's call. he said rates would go to zero over some until have time, which is probably true. in the next recession, they only have 250 basis points of cuts to do, so they will probably end up at zero. that is a fair assessment but i don't think it's happening in the next 12 months. jonathan:do, so they will probap the amount of money in money market funds right now and the idea that when a rate cut comes, that money will need a new home and it will be treasuries. what do you think of that particular call? noelle: we think treasuries are largely priced. especially on the front end. we are calling for two cuts, the market is calling for close to four. we think getting more into the credit sector, a lot of that money will go back into ig. valuations have co

overseas trade routes. we have traveled great distances but europe is still far away. and. we retrace the route of the caravans heading west crossing remote passes in the 2 young shan mountains. it's a journey into the past along the ancient silk road. a route that today is marked by hope and opportunity and by burdensome debts and dependence on china. and the route followed by the ancient traders and their caravans was filled with danger. there are arrival at tosh robots gave them a temporary respite. here they found food and shelter and were able to exchange goods and information about the journey ahead. to. the markets of kyrgyzstan still bare traces of this history. of. baku back back to rob is a nomad a day ago he left his yurt near song called lake. early this morning here arrived at the market in cos core. political school of oz of course this is the main trading season many come here from afar to make their purchases and then they bring the honor most to kazakhstan. of the cars on sunday in the. uk lubeck enjoys the bustle of the market after the silence of his home near the l

is less than 30 minutes away. president trump hits out at beijing and europe for playing a "big currency manipulation game." will the u.s. intervene in the fx market? font yields slide across the region. where mark mobius is putting his money. in stocks, and by the way, gold. think about it. if you are not getting anything in the bank at these low rates, it makes sense to have gold in your portfolio. anna: missing out on the everything rally. boil weakens and iron ore slumps as much as 4% in singapore amid supply concerns. watch miners at the start of european trade. we are less than half an hour from the start. welcome to the market open. we are without the u.s. today, independence today. let's look at where futures put markets on european trade. lackluster in comparison to stateside yesterday but we joined in with some of the rally in europe yesterday. cac futures, ftse futures, dax in the green but not by much. be aware of low volume. happens with low-volume. in the asian session on the bloomberg, giving us a picture on the gmm function. volume pretty low, investors thinking

territory to get an update from the scene of the protests. plus a blistering heat wave in europe and record high temperatures france experiences of all time highs for a 2nd straight day and germany belgium and the netherlands sweltering as well. i'm sumi so much kind of thank you for joining us we start with what's believed to be the worst shipwreck to take place in the mediterranean this year nearly $150.00 refugees are feared to have drowned after their boat capsized off the libyan coast on thursday scores of other refugees were lucky to escape the accident with their lives but instead of finding a safe harbor in europe they have been sent back to libya where they're facing uncertainty and desperation. these exhausted migrants have been sent back to libya from where they had set off for europe right next to deserve 5 years are those who did not make it. this woman says she lost her 7 year old son in the boat accident. she's grief stricken but also angry she says no one helped her and her family in libya oh my god they tell me how did anyone they sent me away and they told me and my

german backroom staff with all the tough jobs going to old europe but it's also highlighted a subtle shift in power away from uncle americal and toward emmanuelle kong. so tom let's start with that backroom stitcher as you call it actually there were official candidates for these positions there were rallies there were election posters there were t.v. debates or still a funded lion who is now nominated for the presidency of the commission was not in any of those so what's going on here it's funny isn't it i mean on the line has been on a charm offensive in the european parliament recently trying to convince all of the political groupings that they want to vote for her to confirm the position of the european commission and of course that grilling her on all sorts of things from climate change to defense to economic policy and she has to invent a program almost out of thin air because as you say she was not a named candidate before the election what happened was there was this idea of so-called spits lead candidates each of those political groupings proposed a candidate for the preside

that. france is committed to europe is putting forward on taxing air travel there is increasing awareness and things are beginning to move but this is urgent like other countries we have decided to put in place an acre tax on air transport on all flights departing from france the tax will only apply to outgoing flights not to those flying into france or transiting fares will increase by $2.00 for an economy class ticket within the european union business class flights outside the you could cost an extra $20.00 the paris is all the airport the response to the tax was mixed posable depreciation is good in principle i suppose but how can we be sure where the money will go a lot it's really thought went on to take for granted nice to see that specific goodness of biofuel it's always the ordinary people that pay and companies should take more responsibility for the state of the promise climate campaigners say that the aviation industry is responsible for nearly 5 percent of global carbon emissions the french government says of the new eco tax will raise grow $200000000.00 a year mone

adventure europe there are 47 mountains in 47 countries on her list we met up with her in under a. well the gnomon is driven to test her limits over and over again. this is where she's in her element on her own with the forces of nature. that would make obvious to me this is adventure and i think adventure doesn't mean bigger faster higher farther but simply the experience itself to focus on life. and i feel totally alive when i'm hanging off a cliff or trying to climb up it. it might not make a lot of sense but this is how i get to know my own limits and overcome them. has arrived in a door she's going to scale the nearly 3000 meter come up at ross on the tallest peak in this micro state in the pyrenees. it's part of her current project adventure europe she plans to touch the highest point of 47 european countries. and this is. this diversity of europe and its mountains are really exciting that one is a tiny little hill totally covered in cow dung that was can i feel. i am and then there's the vatican where the hardest part was to stand in line for 6 hours in the heat in front of st pe

about the state of the world, and sorry about both. but to talk about britain and europe to begin with, that's very difficult nowadays because europe is so much in flux. as churchill once said the old soviet union — "a riddle inside an enigma wrapped in a mystery", with so many new forces coming to the fore. and britain, at this very moment, of europe needing new leadership and a new profile, is leaving. so i wonder if that is a wise thing to do, when you're leaving at the very moment when europe might need you more than ever. what has the eu done to yourself that you've put brexit at the head of everything else in the world, because it's ridiculous. it's the biggest — in my heart of hearts, i believe brexit is a fallacy. it is a real fallacy because it doesn't — it's not the main threat to british future existence. it's really the domestic agenda, which i would be far more interested in solving. so in a way, about brexit, i want to come clean. i want to come clean about the exit date, the 31st of october. so you're going to come clean on your first day in office? i would sa

from the u.s. looks resilient in europe showing signs of life, fueling a bit of a backup in government bond markets. let's begin with the big issue. are there cracks appearing in the everything rally? >> we have seen a strong rally. >> the entire market rally so far has been discounting with the central banks are doing. >> the one thing that has not rallied in this everything rally are long dated bond prices. >> investors have been positioning for continued divergence in that correlation. >> we have had some better data recently. >> inflation data did see a reversal of some of the weak ness. >> a pretty positive environment for yields. >> we have seen in at her number: none in this year. it is not in short dated treasuries, it is an longer dated. one of the most crowded markets is duration. you may be better off at the short end of the curve. >> if you get yields higher and equities higher, that is the pain trade. jonathan: joining me around the table to discuss is mike schumacher, kathy jones, and matthew hornbach. kathy, let's begin with you. a be the biggest risk is the o

, and then all bets are off. what if europe starts to get stimulus around? people have been far too negative. they have been trying to tell us to expect one, maybe none. the market was screaming for two. we will not get that. the market will have to start pricing in fewer rate cuts and a steeper curve. jonathan: noelle, the back half of last year we were having a discussion about whether we would consider a return to trend growth and confuse that with something more sinister. do you think that is what is difficult about this environment right now, drawing a distinction about whether the u.s. economy is coming back to trend or going somewhere much lower? noelle: we don't see any evidence that it is going somewhere much lower. of course trade tensions and trade uncertainty can impact that. at the end of the day, we think the fed has proven this year that they are more focused on inflation than growth. even if we get a modest growth scenario, we can also see a fed that is dovish, leaning on a dovish side. they proved that in their june meeting. trade was barely mentioned. the uncertain

these integrated businesses that operate across the whole of europe. the pole area after the 5 kilometers is like this. previously we had to the boundary fence sort of thing you see around any factory or any industrial site then. people started to try and break down the fences so the answer was increased the quality says these are the standard high security fences a very difficult cut very different crime so we now have a very sophisticated fencing and surveillance operation. and since october last year we've had no disruption from the migrant process what about the refugees who came from syria from either mainly from greece who are actually also trying justify the better life their future problem is something which is a geopolitical issue so we're we're company in the business that operates between folks in cali we're not we don't have a role a major role in solving the refugee crisis that's for governments international institutions to move to manage we have a role a responsibility to our customers to our shareholders to our own staff and to anybody who's on our side. your in

theater festivals is underway in the french city of europe's refugee crisis is a major theme this year. a 14th century pope's palace dominates the southern french city of avignon and provides a spectacular backdrop for one of the world's oldest and most prestigious there's a festivals. with nearly 2000 performances an offense it's a feast for theatre lovers. and i love the. time that i've come it's an amazing atmosphere people talk to each other in the capital and. we love above the street performances you get lost in the streets and nothing is planned. to festivals dire. says he chose to focus on the theme of exile and refugees in the festival is not just a big list of beautiful shows itself so a place. where people tried to think the world we're living in and so the refugee crisis is also a big issue for europe so we in this festival this year we talked about you and with. celine pernelle turned her experience as a volunteer working with migrants miss so-called jungle camp in cali into a play that condemns french police brutality and celebrates solidarity to dunedin a little dau

europe's most powerful policymaking position. meanwhile, finance ministers and central bank governors are gathering in france that it -- in france today. , greenagenda is libra coins, and global tax. what can we expect from today's g7 gathering? >> good morning. there is a lot happening today, but the big talker is libra, the facebook cryptocurrency. wednesday to central bankers and ministers, they tell you they want to know exactly what is the purpose. they will tell you very clearly that this is just a payment system, we can work with us, but if this is the first step towards creating a currency that can compete with the dollar or the euro, that is simply not going to happen. they also worry about the size of facebook. millions of people use this on a daily basis. in europe, they also worry about data privacy and the scandals we have seen play out. so there is a lot of focus and attention on libre, but you have but you also have to keep in mind the trade tensions and the digital taxes. of course, those comments by the administration on the weak dollar could also be a big subject tod