or, you know, outside europe. then i think that we would be looking into a more and more successful global position of europe in the world. and you are right now we need to get the act together. somehow we need to understand what are the challenges that are coming up in the next decade and the next 20 years and 50 years down the road and be able to plan ahead. and of course, the idea is to do this in a kind of a multi lateral way. and in a way that preserves somehow peaceful cooperation between trading partners between associates in this case. okay. i mean, we're brought out of time. we've run out of time, i guess the major question is can europe survive the european union to be continue gentlemen? ok, many thanks them i guess in paris and in guilford. and thanks to our viewers for watching us here at r t c. next time. remember, talk with with kaiser financial survival guide. when customers go buy, you reduce the price. now well, reduce a lower that standard cutting, but what's good for food market? it's not good

of europe in the world. and you are right, we need to do to get the act together. somehow we need to understand what are the challenges that are coming up in the next decade and the next 20 years and 50 years down the road and be able to plan ahead. and of course, the idea is to do this in a kind of a multi lateral away, and in a way that preserves somehow peaceful cooperation between trading partners between associates in this case. okay. i mean, we do have run out of time. we've run out of time, i guess a major question is, can europe survive the european union to be continue gentlemen? okay, many thanks them i guess in paris and in guilford. and thanks to our viewers for watching us here at r t c. next time. remember, pa stuck with ah, join me every thursday on the alex salmon. sure. i'll be speaking together for the world politics sport. business. i'm sure business. i'll see you then. mm. i look forward to talking to you all. that technology should work for people. a robot must obey the orders given by h

europe has a lot to think about. in addition to that, we have issues and tensions in covina, the whole balkans. it's in a difficult situation. europe really has to get very serious about this. to pick up on a previous point, macron will push the nuclear aspect. this is also a problem in the franco german engine. the green party, which is now part of the coalition government, is not keen on nuclear. it's unlikely that they are going to see it as a sustainable resort which macron wants to have it identified as. for this green strategy of the you, it's unclear if nuclear will be considered a green type of fuel. i think that there are problems already. the new coalition germany -- power in germany. we are seeing cracks in the relationship between france and germany. anchor: what would the european defense force look like if -- do you? >> it would probably be somewhat weak. they say that the french are a leader with no one who wants to follow them. i think that's quite a good description. a lot of the eastern european cou

europe has a lot to think about. in addition to that, we have issues and tensions in covina, the whole balkans. it's in a difficult situation. europe really has to get very serious about this. to pick up on a previous point, macron will push the nuclear aspect. this is also a problem in the franco german engine. the green party, which is now part of the coalition government, is not keen on nuclear. it's unlikely that they are going to see it as a sustainable resort which macron wants to have it identified as. for this green strategy of the you, it's unclear if nuclear will be considered a green type of fuel. i think that there are problems already. the new coalition germany -- power in germany. we are seeing cracks in the relationship between france and germany. anchor: what would the european defense force look like if -- do you? >> it would probably be somewhat weak. they say that the french are a leader with no one who wants to follow them. i think that's quite a good description. a lot of the eastern european cou

and europe and the united states, never mind joe biden�*s presidency, europe and the united states are not in lockstep as they used to be. certainly, i'm worried, but i would challenge your assertion that all of europe no longer trusts the united states. germany, france, maybe some other western european countries, that might be the case, but i think the uk and the united states certainly still retain great trust and confidence in each other. and our allies in central and eastern europe still have great confidence in the united states and, frankly, high expectations. but the burden is on us. the burden is on the united states to regain the trust and confidence of our german allies, of our french allies, recognising that throughout the history of the alliance, there has always been friction. i mean, i was a lieutenant in germany when there were hundreds of thousands of german protesters out on the street because of the deployment of pershing ii and the french kicked nato out of france, back in the �*60s. so this is... it's never been a bed of roses, but it has been shared values. and

europe eventual he came up with an. vestment program but small businesses like ricardo's felt this help came too late. i've looked all that you foresee in order for you to hold me i would have really liked to have seen a united europe as everyone had predicted a strong union with fundamental coordination see something sort of thing i mean i would have liked to have seen those with more opportunities to help the others a true europe you know key and obviously mineral ok. but in the end it didn't work out that way in which everyone close the borders and said here's a brick wash your own dirty laundry at home you buy the spark you know about the ruling. that really showed us that we can't talk about a single europe will be on the mend i mean think in the ocean with a lot of the old all. anyone who comes to trist can still experience the charm of the old habsburg monarchy. 100 years ago the port city was a trading hub to eastern europe. the iron curtain interrupted the links for decades . now the city wants to return to its

we are done in europe. europe certainly hit by some of the stocks we've been talking about or affected by some of the stocks we've been talking about over the last few minutes. richemont giving the luxury sector a massive boost. that is help the cac 40 out. these are the final numbers. the ftse 100 being hit pretty hard by astrazeneca. you get a day like today where astra is under significant pressure. down we go. alix: also we are talking about the last day of cop 26 and are lots of questions as to did it work? did anything come of it? currently delegates in scotland are hustling over the temperature, the carbon tax, that is all in the cards. we will talk more about this after the break. dan jorgensen's denmark minister of climate and energy. he joins us next from scotland. this is bloomberg. ♪ ritika: this is the european close. you're looking alive, the prince will room. coming up, liz shuler, vfl cio president -- the afl cio president at 12:30 in new york. this is bloomberg. let's check in on the bloo

for germany and for europe. well, it's interesting that every member of the upcoming new government announces that we need to radical changes when it comes to climate change. and they are all pushing for renewables that more needs to be done more than what the previous government has done. and given that we've seen the rising gas prices that could potentially be leveraged on the stand, that it's now high time. and we shouldn't discuss the nitty gritty is of how it is turned is when mail next to a building or all the reasons why it didn't meet the targets that have been defined before. so there are certainly a push coming from the current what was described as a perfect storm that we'll see more efforts and more investment in renewables and decreases the cio strategic dependency from russia. pulses. this is a crisis moment. everybody's looking for leverage. oh, it comes to ukrainian the seem to be pretty much excited about the potential. what might happens next, particularly because they are now going to be part

so europe is tied to russia, russia, 5 europe, basically before moscow. that's also not that bad because there's this. so the idea that russia should build bridges with europe try and push the americans out. do something that trump was wanted to do and establish time with germany primarily, but without the other european countries. that's kind of very close partnership. that's not very working out, but the commercial part of it. and then of course, the problem of ukraine, which right now finds itself in a position where moscow at the will, if it wishes to, can continue to supplied gas to europe with contract obligations, but not sending much or at all to ukraine. that's for sure. let's, let's talk a little bit more about ukraine's options here, michael. but if you crank continues to feel that europe in the united states are not looking out for them on this issue, does that risk join them closer to china's or bit as has been suggested by some? yeah, absolutely. i think the feeling in ukraine is i'd recently return from there is that it's been thrown under

incent europe not to intervene and do any kind of where ups that could happen in eastern europe. cornelia, you have winter and you have energy crisis. how are we to blame? is it the post pandemic recovery? is it russia or is it weather related events, particularly last winter? it is the perfect storm you had last winter. you had such a cold winter that star was on plenty shed and i have some sympathy for gas brom again for 1st filling their own storage because they had a cold winter to. so dare storage shoe. it was, was deplete that to, for 1st you know, you 1st look after your own people and then then you go further. so, so that's one thing. then we have obviously the competition as was mentioned between them, asia and europe. for l n g, we're big because china is importing more and more l n g. this year china will become the largest import, the globally of l. n. she, it will, it will supercede japan in that position. and so, so we have, and obviously we have some geopolitical tensions. but, but, but mainly it's the perfect storm of supply and demand. and when it comes to price, yes, obv

all in europe the chinese. judge in the city is assigned ologist and author who lived in china for 6 years and observed the events around the new silk road development with a critical eye. she thinks the italian government was trying to create an economic advantage for itself but underestimated the plant's political dimensions. but a lot of thought the ricotta he acknowledged mines of this political project by a member of the g 7 had a great propaganda value also in china itself i think a propagandist the kind that an offer of this the new silk road is quite clearly and economic project and like all projects in history in china and the usa it's not in that of charity they are pursuing that own interests and. it's obvious that china is trying to gain a global foothold through key infrastructure investments such as for. trade yes to the north east of italy could also become an important logistical center for the chinese. francesco party z. is a businessman who's currently planning to bring a new investor on board

of europe in the world. and you are right now we need to do to get the act together. somehow we need to understand what are the challenges that are coming up in the next decade and the next 20 years and 50 years down the road and be able to plan ahead. and of course, the idea is to do this in a kind of a multi lateral away. and in a way that preserves somehow peaceful cooperation between trading partners between associates in this case. okay, when we run out of time, we've run out of time, i guess a major question is, can europe survive the european union to be continued gentlemen? ok, many thanks to my guess in paris and in guilford in an thanks to our viewers for watching us here. at our t. c. next on remember prostate with ah, ah, also for eric room identify 2 types of freedom, freedom froman, freedom to. and while we all idealized the lesser achieving the former, the freedom from use and abuse is no small feat in this day and age. this is especially true for africa, which, for centuries has been exploite

the council of europe has issued as late as verdict, human rights and democracy in europe. and it makes unpleasant reading. europe's democratic environment and institutions. it says are in neutrally reinforcing decline. we talked a lot about democracy and human rights on this program and spend a good time holding politicians to account for actions for the peace when danger those rights. but the situation is not so critical. we decided to question a leading official just trying to protect human rights about why that protection is famous. junior me after which is commissioner for human rights with the council of europe, and she joins me now some stuff, but what is it gone so spectacularly wrong? the dounia may out of edge welcome to conflict zone. thank you. 2 months ago you press the emergency button on human rights in europe. you said 2020 had been a disastrous year for those rights on the continent. one of the bleakest assessments to be hard for a long time. do you think anybody is listening to your warning? well, i hope so. it is something that is affecting, that's all, n

so europe says the pollutants playing politics. it says the same thing that the you is playing politics with north street to. is he not correct there? well, i mean no 3 to and it's better says the not true 110 years ago, they are highly political projects. you are linking to major consumer producer blocks together with a physical pipeline infrastructure. it is political by nature and this politics when it goes well, it's good, it's you, you are making a big producer of the consumer and it improves politics. but of course, when politics get sour, as they are now between russia and europe in the west, or general over ukraine, for instance, which of course, is the gas transit routed traditionally, it was then if things get complicated and that is the issue now. yes, both sides are playing politics. however, the approval process that has been put on hold is a commercial one. and this is important to keep in mind. the approval process with a bonus next are going to, in germany, is that commercial process will stream to and gas from has

what you europe's strategy be -- what should europe's strategy be? min. blumel: it is a double-edged situation. we have to ensure co2 emissions are going down, which is mainly done by emissions, which means increasing prices on energy. on fossil fuels. to a certain extent, states are driving those costs. on the others, we have to ensure people can afford heating in winter. when i take a look over the european development of energy prices, i can see in some countries like spain or france, there is still a highly regulated energy market of price. in austria it is rising, but it is not a big problem at the moment. what we have done is to implement in our co2 pricing scheme and inflation break, meaning if energy prices are rising over a certain percentage , then we will not implement the full increase of pricing for the next year. also if energy prices are falling, we will increase the co2 pricing. to make sure there is some kind of an inflation break on energy prices. alix: thanks a lot. gernot blumel, austria's finance minister, pleasure to speak with you.

and central europe. joining us is our reporter in brussels, maria tadeo. she is joined by a guest from the ebrd. maria? maria: yes, anna, good morning. 21 billion euros in loans to help combat the coronavirus. it is also worth putting out that the european bank for reconstruction and development has an explicit mandate. they already hit their target of 40% of refunding. we are joined by its president, the first female president, odile renaud-basso. i know you care a lot about equal access and equality. that is the goal of the institution that you lead. how much do you worry that coronavirus will set everyone back on that quest for equality when it comes to investment? guest: thank you very much. i am happy to be with you this morning. indeed, the covid crisis has setback economies. countries that spend more on tourism have been harmed, as well as countries relying on oil and gas. the impact of the covid crisis on the different economies is quite different. the impact of the crisis is very different. [no

in the middle east and europe and elsewhere. while the united states is undergoing a thorough review of our force posture around the world, i have ordered the halting of withdrawal of american troops from germany. i am also lifting a cap imposed by the previous and administration on the number of u.s. forces able to be based in germany. i know the past two years have strained and tested our transatlantic relationship, but the united states is determined to reengage with europe. to consult with you. to earn back our position of trust and leadership. earlier today as was referenced, i participated in the first meeting of the g7 leaders, where i spoke about the dire need to coordinate multilateral action to address covid-19, the global economic crisis, and the accelerating climate crisis and so much else. achieving these goals is going to depend on a core strategic preposition, and that is the united states must renew america's enduring advantages so that we can beat today's challenges from a position of strength. that means buildi

so what we really need from europe is what the united states needs from europe, a creative way that europe can still benefit from china, but stay in sync with the u.s. striving to bring them, to bring turnaround. it is going to be difficult. tom: we are looking at the top risks that eurasia sees for 2021, and of course that is an international field. but i've got to turn to the german election this year. it is a huge and important and original election. chris reiter of our berlin operation tells me very simply that this could be your conservatives and the greens together. that is unusual, to say the least. how do you get a coalition developed in the new germany? the future germany? i would say the coalition between conservatives and the greens is something which should have happened four years ago. if you look to the german society, this is the coalition, the majority of the germans want to have. it was not able because they needed, and the liberals had the theing that they would be fifth wheel on the wagon, so they decided not to join the government, and that only was the reason that we h

, because i think a, a, europe of nation states would likely return in europe to, into war levels of dysfunction and economic misery. well, that's a very strong statement there and how do you feel about that? because that is the charge and we've, you know, and it was all around the briggs that debate here is that the brussels wants too much power. and it is trying to one size fits all. i mean, it was at least the claims that were made by the briggs. it tears ok. now i asked you, did they learn anything from it? because there are, there are, we've all agreed on this program is that euro skepticism is on the rise. what is exactly means is very unclear to me because it seems to me, it is more of a demand for reform and not to got the entire project. go ahead, allen. well, i do understand the letters being signed by the circle populace parties. life view is the goal, you integrate, the less efficient, it becomes gross becomes less, most of its major policies of fail, the years fail, europe stagnate him do this. and so you was introduced the italian, they call them is patent student still

europe stands at a crossroads will remain dependent on washington is a junior partner or will europe ought to play the role of a great power on the world stage. i cross talking e u china relations. i'm joined by my guess i nor tango in beijing. he is a political and economic affairs commentator in prague. we have brad blankenship. he is a columnist at c g, t. and as well as an rti contributor and in elecom that we cross to look revenge. he is an independent journalist or a gentleman, cross hoc rules and the fact that means you can jump in any time you want. now he's appreciate, look, let me go to you 1st here. i mean, it, you know, on the face of it, you know, the europe's relationship or more rather you relationship with china is very convoluted because major training for our trading partners, a major investment deal. i'm kind of stuck. but, you know, there's been, there's an understanding about investment and, and then we have, you know, nato, i'm saying, you know, you know, china is no different than russia. it's the same threatening landscape. i mean, it's very convoluted. i mean

just let us in europe are low. we're venue in these period of the year high of the new winter season and did a lot of concern for the traders because people now expect a potential gas crunch in the winter should be. but, you know, you're also arguing that the way in which the european gas market is structured is, is also a fault weinstat. well, over the last years, the european gas market at become more modern, let's say it moved from a traditional structure of oil indexation in gas contract to a spot market, 80 percent of the european got. so they traded on up is a spot market disease. of course, giving great flexibility to the market is a good thing. but in this particular condition, if for the pressure on the situation, because europe is not the longer the work, asia demanding a lot of n and g, and the economic recovery is also happening in asia. and therefore, europe as to pay more and more for the gas it was to get. and the 2nd suppliers, like russia, for example, talk about their willingness of favoring a mar

i mean, europe and i repeat, europe is the largest owner and investor in africa and around the world. so we're just trying to use and you to a new instrument to gather all the resources that are already being invested by europe, european companies, and european governments, and try to bring in and a one umbrella with a common objective. and these objective is to be when, when we don't want these to be only something that serves european industries, interests, or own european companies, we want also to cooperate with local governments and local business of post. you said it was quite interesting when you sat there and said louise santos were aimed at bringing together an existing trade in existing projects. how much if this is going to be new money the, the headline figure of course, is $300000000000.00 euros of investments over the next 6 years or so. but how much of this is actually new? but we have new at facilities now and most of what will be new will be money brought by actually the private sector and some of the financial institutions that will be there in that will be also asso

it's not just a problem for europe. the rest of the world could go without as rich countries corner the market in a similar way to the vaccines. this year alone, new york natural gas futures are up 106 percent to a high of $5.20 for $1000000.00 british thermal units. it's highest in more than 7 years. but the equivalent gas in europe and asian markets costs $25.00 for $1000000.00 british thermal units. storage sites, a less than 72 percent full. that's the lowest in a decade. or knock on effects. a huge cf industries holdings. one of the was biggest fertilizer groups has been forced to close to plants in the u. k, sparking fears of a looming shortage of ammonium nitrate that could hit food supplies and a shortage of carbon dioxide production could hit the meat to soft drinks. industry will gas is also used a power electricity generation. unsurprisingly, prices of soaring in that market to several energy suppliers have already collapsed in the u. k. governments across europe preparing to hand up money to households the c

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europe is a capital-like model. the medical business in europe, it is absolutely legal in the eu, so we don't have to build these operations. we can build a centralized operation in portugal and spain, which is where we are, to distributed through europe. romaine: once you get the distribution level, you're not worried at all about impediments with regard to member states deciding they want to set their own parameters? you're certain we will have that blanket rule coming out of the eu? >> under the united nations charter, medical is legal and the eu has taken the position you can cross borders with it. there is no impediment today on medical. it can go from germany to italy to spain, to france, and to israel, so there is no impediment in europe. but i don't use, as you have heard recently, switzerland and holland announced adult use pilot programs. the reason they call it pilots is because of the u.s. charter. recreational and adult use cannabis is not yet recreational, but if you can -- if you call it a pilot, you

all of europe. yeah. just say that they see it as united states kind of meddling. their sphere of influence that they earned with their soldiers killed. yeah now that's a great question, which we should pick up does the marshall plan reach into eastern europe. does it medal in the soviet sphere of influence? does it option to invite country exactly gives the opera marshall speech and the initial invitation to come come and talk about marshall aid. so everyone's invited. everybody's invited this it is a policy against no individual state they say it has no ideological objectives. so the open invitation is indeed to the eastern european states. what do the europeans leaders do remember? a couple of them the checks and others rsvp for it yeah, we'll see you there. yeah. there's initial interest. of course, there's terrible economic hardship in crisis. so some eastern european states. it's very tempted by this. the soviets say no stalin says sorry you can't do it precisely because he's afraid that this

as supreme commander he led armies in the liberation of europe. there for the second time in a generation american boys had joined in the cause of freedom. ♪ they went home, their country sought to help them resume a peaceful life. schools opened their doors to millions of veterans. ever since it began, the united states has seen a constant growth of education. a high school diploma is now almost taken for granted. every year 2.5 million students enroll in the universities and professional schools. many of the young men who had fought in north africa and normandy went back to the farms. they went back to working the earth in the quiet rhythm of the seasons. they reaffirmed their spiritual values, different faiths living side by side in mutual respect, in the belief many are the ways to god. ♪ americans have a keen sense of fraternity. should a neighbor's livelihood be jeopardized, they are quick to lend their labor and their time to help rebuild. this tradition stems from the days of the pioneers. it's this same trait that moved the american p

europe is cheap, it is how you -- it is value. >> we do expect that cyclicality in europe to provide stronger returns over the next six to 12 months. >> but we have seen is certainly the interest in and the flows into european equities have been reasonably strong as of late. >> that catch up trade potential could be quite lard. -- quite large. >> with the improvement in the european economy, competence from investors, consumers and so forth, i think you will see an uptick there. the question is how much of that has already been priced in. >> the challenge for europe is that when growth is firm in europe, that doesn't necessarily always mean that equities will do well. you could still believe in your catch up trade, but it is not necessarily an equity story. alix: i really don't thing i say the word catch up -- the word catch up -- the word ketchup, but ok. joining us now is lucy macdonald , jp morgan managing director. many are saying it is the catch up trade. when does that timing happen? lucy: even though you had quite a nice band, there is still more potential in the medium-term.

in europe, they are talking about 4%. you could say the uk stimulus package is pretty weak compared to its competitors. very difficult to compare because the uk has been a bit more generous on the support scheme. which bucket do you put this money into? the question will be, as stephanie was saying, the lesson from the financial crisis was that those who did more earlier did better. if biden's saying, "i can't spend too much", people would say that the lesson in the uk was that we didn't fix our banks quickly enough and the us did. most economists would say the risks are on doing too little, not doing too much. fascinating. let us go to europe, where growth has been sluggish and unemployment, especially amongst the young, has been high for a decade now. will the pandemic exacerbate the problems in the european economies? will it open up structural cracks in the eurozone? with very different budgetary positions in the respective nations, will the response in europe be further integration, of taxation, for example, or will

you in gas prices in europe. he take new records with the german government warning people to prepare for a close to freezing month. meantime, the country energy regulators still the ground and operating license to the now fully completed russia node stream to gas pipeline.

-- situation in europe. president xi jinping warns beijing will go after so-called platform companies. the latest on china's tech crackdown live from con tong -- hong kong next. this is bloomberg. ♪ mberg. ♪ annmarie: this is "daybreak: europe." i am annmarie hordern with manus cranny. xi jinping warns beijing will go after so-called platform companies as china's tech crackdown widens. the president is ordering the oversight of internet firms, crackdown on monopolies, and promote fair competition. they allegedly have their sights set on tencent after cracking down on ant group. thank you for joining us. pretty strong language from what we hear on china state media. what is your take on what is coming out of china today from president xi? >> as you mentioned, china kicked off its tech crackdown at the end of last year and it is the first time the top guy gave a d killed comment on the situation. -- detailed comment on the situation. xi jinping mentioning beijing will go after tech companies. they didn't m

troubled by what we see and hear right so i think you know the issue with europe is europe still has this concept of itself you know these nation states in the cities i'm french i'm german we're white french were white german without understanding that the concept of europe historically was more around the mediterranean so you have people on the mediterranean now who are no longer considered european but historically and when it culture were so the issue is where do you start looking right and i think european culture right now has been stuck since the age of conquest and exploration. going. on into these weapons of fate let us. bring i just want to add more because i'm not your pm and i don't i would like to hear from from from one from europe what do you think about this because i from my rams perspective point of view when i came here to 15 and i see all these welcoming narrative and all their narrative that you know i think i have. but he now in the united states. diplomatic super correct when you refer to my friends and yet you see that not much has been. so. ok you are of the m

europe is respected. it is triggering tensions over this, especially if we see flagging affects -- of exports. annmarie: thank you so much. maria tadeo in brussels. they may say it's actually not a race, we know that those who are coming in with the vaccines are able to get their economies back up and running. there's a guest in asia talking about the fact that in the developing world, it could take three years to reset herd immunity. six minutes after 6:00 in the city of london. quick check on where we trade this morning. asian equities, a mixed trade. the msci asia pacific and the read most of the session, turning around now. still green on your screen. s&p 500 futures are lower. the stand out in the future market is the nasdaq. the only ones that are up this morning. the dollar flagging. a little bit of dollar strength. we will talk about this changing trend for the dollar. is it time to sell at the richer levels? the dollar and focus today as it is fed day. manus: absolutely. microsoft boosting that t

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than in other parts of europe. and you're showing images of vaccination rates of fully vaccinated people, you see the gradient here. and of course that explains part of it. tom: that explains part of it. how are the health care systems holding up in these countries? >> again, that's quite different, in part because the organization of healthcare is quite different. so for instance in my country, it has been quite tight, we don't have much spare capacity and that is a problem in a crisis like. this when you just need more capacity. so that's one factor. plus the duration of the pandemic is bearing down on health care workers. we see quite a few people leaving their jobs, the amount of capacity, the flexibility of the system is further reduced by that. tom: the burn utah of medical professionals, facing and fighting this pandemic is evident. in terms of efficacy of of lockdowns at this stage, do lockdowns -- can they still work and can they prove a catalyst to boost vaccination rates? are we seeing evidence of that?

and europe trading hours. guy: are you basically saying that this announcement is part of the evergrande response? meltem: there is certainly a linkage. they are concerned about stemming. guy: great stuff. thank you very much indeed. the coin shares chief strategy officer. alix steel got it right. i got it wrong. alix: that never, ever happens. i will take a moment and do a victory dance. [laughter] guy: you have done the dance. this is good. this is bloomberg. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. guy: we are wrapping up a week in europe like we started but not quite so bad. europe is tradin

because i believe in the global system, europe and the u.s. together with our allies in the indo pacific worked so hard over the last 70 years. we can own the race for the future. but to do so, we have to be clear eyed about historic investments and the partnerships that this will require. we have to protect for space for innovation, for intellectual property, and the creative genius that thrives with the free exchange of ideas in open democratic societies. we have to ensure the benefits of growth are shared broadly and equitably, not just by a few. we have to push back against the chinese government's economic abuses and coercion that undercut the foundations of the international economic system. everyone must play by the same rules. the u.s. and european companies are required to publicly disclose corporate governance structure and abide by rules to deter corruption and monopolistic practices. chinese companies should be held to the same standard. we must shape the rules that will govern the advance of technology and norms of behavior in cyb

china's gateway to europe. starts feb 19th on double. play. play. this is news live from the lead astra zeneca defends its corona virus vaccine saying it is effective for senior citizens that's after german public health officials said they could not recommend the shot for people over the age of $65.00 due to insufficient data regulators are set to decide on friday whether to approve the vaccine for use in europe.

flexing its muscles from the middle eastern europe from cyberspace. from afghanistan to the persian gulf the us remains deeply in tangled in conflicts it doesn't know how to result. in europe it faces allies so disillusioned that they're hedging their bets on america pushing the future of the western alliance into question. but in the contest for global power and influence one challenge overshadows all of us in china a new superpower has risen. one with the military might to challenge the west. and an economy. that's the envy used to well . as washington takes it on the brink in general trying to turn into one china with his clique. or the phrase how in i.p.c.s. found. america so diminished that china can take stock that is faction in the states of its democracy think for a moment just how far the tables of me turned just 30 years ago george bush sr hailed in america triumphant it did wonder the cold war it was in charge no substitute for american leadership in the face of terror and no one doubts american credibility and reliability no one without po

annmarie: what about europe? is it caught in thed my snl >> i think it's in isolation for the moment, the vaccine rollout is better than what was expected a few weeks ago, i think growth is starting to re-emerge where it was late before. so europe has been going fine for the last week and obviously in comparison to u.s. stock markets, european marks are more tissue less highly valued. i think there's a nice trade there which could be the benefit for the euro and stock market. annmarie: what did do you expect from the e.c.b. this week. do you think it's time they start drawing it down? >> i think it will remain relative in the discussion. they have different tools they can use. the balance sheet, the yield control, they have a lot of things they can do to keep yield at the level which is accommodative because the growth in europe is more fragile. what we could see is some friction between different countries in europe which will have different growth strategies, typically germany being advanced compared to other c

can you convince me that europe has a common position? to me, it's absolutely clear that the eu will be one of the leaders of this climate agenda. the green new deal is probably the most ambitious throughout the world. we're very, i think, aware of the need to undertake these changes in the coming decades. we have no time to lose if we think about the young, future generations. from this point of view, also, spain is strongly committed, so we have to ensure... spain is, but what about poland, for example? it's refused to sign up to some of the big commitments made from brussels. no, actually, i think that, you know, what we have seen in the last couple of years is, and in the context of these recovery plans, and when we are talking about investment in the transition in order to make it a fair transition, i do think that poland and other countries that have been very reluctant are definitely making progress. well, unless you know more than i do, the poles have simply refused to sign up to the net zero by 2050 commitment. they just won't ac

this tim violence spread into europe. on january 7th, 2015, two gunmen raided the offices of the ench satirical magazine charlie hebdo paris. 12 people were killed that day, traumatizing the country. angela merkel was in london visiting british prime minister david cameron, and immediately pledged germany's support. >> i will always be incredibly grateful to angela merkel for the stance she took when france fell victim to terrorist tacks. germany was our most valuable friend through those times. she was able to express solidarity with gestures. angela merkel came to paris she took the initiative and was the first to say she would join a mass demonstration against the threat of islamic extremism on january 11. that shaped our cooperation in the fight against terrorism. it was very important for franco-german relations, and for the personal relationship between myself and merkel. it fostered enduring respect and appreciation. >> in the summer of 2015, merkel faced one of e most consequential decisions of her political caree

regarding europe. some parents about that sort of greater positivity towards european institutions and europe's seemingly immediate challenge joined with this sort of more macro level type to the u.s. and i'm reading right. bruno: broadly aspirated any of the descriptions that you have in your book when i was reading it seemed to me to fit your better than the u.s. senate end of the straight world is doomed to repetition. it and that is doomed to ongoing dus the moderation more than a different sense. but in moderation work nothing very risky nothing very adventurous, that is the reason by the way i am so favorable to a new kind of with the muslim world. and also lobby integration but also in trying to go back to the roots of being connected to the muslim world. it will be a top to the european routine think it's exactly what we needed right is an lc in america but europe has some of the problems that you described a well-developed. liberalism because it is political risk and everything that is part of