greece? tim: greece eventually. greece is on life support. within europe right now more of our focus is on literally. -- is on italy. successful than pushing rate hikes through. the mpl problem is there. than enough speed bumps to derail every coverage for now to worry about the markets. if i can be optimistic, what this volatility does is it is a great opportunity for investors that are in it for long-term. runco let me come back to you on those opportunities we have some breaking news. china foreign exchange reserves before the end of may coming in at $3.1 trillion. we were expecting $3.2 trillion. a quick thing on china. it seems that the pboc and authorities are tied to do everything to keep -- it is a value judgment on whether it will work. you are optimistic that they will handle the situation. tim: there is going to be volatility in the short-term. in long-term, we are optimistic. has beenhe growth focused around the coast and east of china. you have a big chunk of the country which could participate in future growth. i think certainly

review,n the first greece has adopted a series of measures which will allow greece to reach a target of 7.5% of gdp by 2018 and the european commission's assessment is that with a packet of measures already adopted by greece the target will be reis and also with the program being on track we also expect greece to return to the economic growth in the second half of the year. >> we will hear from mario draghi today. his qe measures have done a lot to push down the interest rate and help the more successful countries in the eu with their debt issues. it seems like greece would benefit the most from qe for debt purchases. ecb support that direction? >> there are certain conditions which are set for member states. like never states having investment-grade rating and also economic adjustment programs on track. greece tost thing for be eligible is to have a program on track. this is about to happen. -- tually helpfululd surely be for the imf and the european commission if the ecb were able to purchase greek debt. wouldn't that brighten up the outlook? the first thing that greece needs to do

so 60% are women and children arriving in greece. it's really worth keeping in mind that having large numbers of uneducated children in north africa in the middle east and in europe is a threat to america's national security interests. so those are my three points. and i u will give you a quick sense of what the picture looks like for those of you who are not fully immersed in the refugee crisis at the moment to tell you what the numbers are like out in the world. so today we have about 21 million refugees in the world. the official figure dates from 2014 to 20 million back then. it's now closer to 21 million. i'm not going to bombard you with a lot of data, but i'll give you a a few data points that are really interesting and capture the situation. so in 2010, there were roughly 10,000 people displaced every day from their homes around the world. in 2012 that number increased to 23,000 displaced every day on average from their homes. and in 2014 that number doubled again to over 40,000 people being displaced from their homes. so you

second is how can attract foreign investors in greece. and we present many opportunities many many areas. not only in energy, food stuff and tourism. there is other areas with aerospace for example. we have very small firms but dynamic in these areas. but in this context we try to attack attract not only from russia but from --. we tried to attract investors which can invest many areas because greece has a dominant strategic place in the whole area of balkans and turkey and middle east. so this geopolitical factor is a main determinant favoring for investors and the --. cost costco has -- [ discernible ] and these two ports, besides the other ports that we have can. >> we've got wrap you up unfortunately. but thank you so much for coming out and seeing us here on the set. >>> we need to just wrap up here on "street signs." so let's just listen in to what the head of the russian space agency said to me about donald trump and what would happen sending u.s. astronauts into space if donald trump was elected. >> -- very important for us. and w

for greece, that means more investment instead of austerity demands. but the economy minister knows, it will take years for the country to fully recover. anchor: thank you very much. now, for a trip down the road less traveled. a young german woman has sought out a special challenge helping people in kenya, a journey and an experience that has truly made all the difference. reporter: saturday his laundry day. she has gotten used to washing her own things. for the past year, she has been living and working as a volunteer as part of the world-w ise program about one hour away from the kenyan capital of nairobi. at a group home for adults with disabilities, she is responsible for daily caregiving, including, doing laundry, preparing meals, and sometimes teaching. the 18-year-old already did this work in germany, but here everything is different. >> it's fun for me to live with them. we can share everything. sometimes it's a little unpleasant, having to take a shower, but i can do laundry with them, each with them, bring them to bed. spend the whole day wi

and taking a trip back to ancient greece. features artifacting which gave rise to civilization as we know it. >> welcome to our viewers on public television in america and also around the globe. today, more details are emerging about the terror attack at istanbul's international airport which killed at least 42 people and left hundreds wounded. it's reported there were through suicide bombers, one blew himself up outside the terminal while the other two were inside the building. authorities say they believe so-called islamic state carried out the assault. from istanbul, mark reports. a warning, there are distressing authorities say ima mark: panic. passengers rush through istanbul's international terminal. three gunmen are on the loose. suddenly, one blows himself up. here an attacker is caught by cctv floored by shots from a turkish policeman. wounded, he drops his rifle and it slides across the floor. the policemen approaches him and then spots his suicide belt and runs just before the gunman detonates the device. dozens we

the eurozone finance ministers have also given the green light to ensure that greece has enough to pay its bills until years and -- until the year's end. and spanish group are teaming up in wind power. they are combining wind turbine making to make one of the world's biggest actors in the sector. as part of the deal, siemens is paying shareholders just over one billion euros. in return, it will hold 59% of the 06/17/16 06/17/16 [captioning made possible by democracy now!] amy: from pacifica, this is democracy now! >> she leaves behind a huhusband come wonderful man who likewise spent his man campaigning for human rights and justice. and she leaves behind two young children who will never grow up to see their mom again. amy: britain mourns after rising british parliament member jo cox who was stabbed and shot to death in her own districict. eyewitnenesses sayay her assass, thomas mair, shouted "britain rs

but also in greece successfully contacts that revenue now, implements all the prior actions and greece can return to growth in the second half of the year. so in this case, there is no need to discuss so much. >> oh, and i think we just lost louisa there. we let her continue that interview.. coming up on the show, she will be talking to catherine mann of the oecd. if you have any e-mails that you want to send into the show, any questions he want me to ask our guests, please e-mail us. as always, you can tweet me, spts@sgldz jchatterley.com. >>> to pump or not to pump? that's the question. we're live in vienna ahead of the highly anticipated -- really, is it -- opec meeting. stay with us. >>> welcome back to street signs. >> hi, jewels. all the indications are suggesting a suspension of the sales hike tax is going to be confirmed here today when prime minister shinzo abe addresses the nation around 6:00 p.m. local time in tokyo. so the markets seem to be rather unimpressed by the fact that fiscal consolidation is taking a back seat here. fitch, the ratings agency, says it is watching an

i'm focusing on greece. because it's been written about the sheer privatization that can be going on. and it is written, earlier this month the government announced the formation of a privatization superfund to sell off state-owned assets and scoped the sale of 50 billion euros in state assets and comes close to the scale of the privatizations we saw in the 1980's in britain under margaret thatcher. there is a but and if they win from the privatization, they have to cut the red tape. this is why the entire piece is called, greece, don't just sit there, undo something. undo the red tape. rather usefully we have a greek in the house, the global head of assets strategy. i wanted to bring you back to the greek question when it comes to the e.c.b. in vienna. there's talk that we could once again see jeez's banks using greece debt as collateral. we'll never see the easing, we'll never stop seeing the e.c.b. buying greek debt, corporate? in any way? est: i think the e.c.b. would like to wait a bit in order to get a

greece is the problem. greece needs immediate structural reforms. it's not just austerity. it structural reforms. [indiscernible] that is the question we have to solve in spain. but we do. hello? matt: i'm sorry, yes. think aboutt you how this should work out with the u.k. after they are, exited, have to work out some new agreements with the european union? will they be more difficult than a agreement switzerland worked out as far as financial entities are concerned, more difficult than some scandinavian countries? how do you see it? mr. brok: they can have a solution, but it means they are a member of the internal market, but they have to accept the free movement of labor. they have to accept and play their part -- and they have no say in the rules, which they have to totally apply. they are in a worse situation. they have to take all of the commitments, but have no say anymore. that is the reality. that is what the swiss solution means in practice. this was always told to the british people. the migration -- [indiscernible] the nationalization of health services was a big

at the moment, i mean, greece basically is being given orders basically like brussels and berlin, it's not a sovereign nation, it barely runs its own government at the moment. that's an unsustainable situation. and also i think there's a limit as well to the -- you know, to the generosity of german taxpayers, although undoubtedly the germans have benefited significantly from the euro, but i think the idea of baiting out southern european countries i think patience is going to run out in germany. angela merkel faces a very, very tough election next year. i think that you are seeing the landscape, political landscape, starting to change across europe and a greater momentum towards sovereignty and self-determination all across the european continent. and i do think that, you know, countries such as greece are far better off if they are unshackled from the -- from the euro. i think greece is better off frankly if it's outside of the european union as well and i do believe that brexit will certainly encourage many other european countries to hold popul popular referenda and i think that the

they took over in january 2015 in greece, the had a very simple answer. they had a more naturalistic position. then a number of months later, they talked about an exit in they found that those kinds of ideas were not implementable. the same implement -- realization may come to the brexit campaigners. jonathan: what do we learn from they'rek situation? willing to punish country to make sure others don't follow. leaders be willing to do the same thing they did to greece to britain to make sure the dominoes don't fall? charles: i think the situations are not analogous. britain is so much bigger and more important to europe then greases. no matter what the relationship, the city of london, the exports, the investment. it is a lot tougher to take a very hard line politically, the french and others that are concerned about their right-wing populist threats will talk that way. in the end, i think anglo mercker -- merkel knows where the center of gravity is. you see in her and john kerry an effort to let this workout and have some cooler heads think about what to

and tell us some of your stories. >> so, i was volunteering in greece for two times. the first time, i came back to israel actually, and, unfortunately, tragedies happen there on weekly basis. and the most devastating one happened on the 28th of october, when two boats started to sink at the same time and more than 70 people drowned. many of them were kids and babies because they're the ones who are not able to swim. and that occasion made me decide to go back for the second time. so i have been there for almost two month, and our team of israaid -- doctors and nurses and social workers -- are there for already six months now. >> wow. dr. david, you are on sort of a cross-country tour with your colleagues who are involved in israaid. what do you want people to know about what is israaid, and what is it doing? >> well, israaid, first and foremost, is a humanitarian assistance organization with israeli volunteers. they work all over the world, not just in greece, not just in europe, not just in the middle east, but also in japan and even in the united states with hurric

i think greece is that are off outside of the european union as well. i believe that brexit will certainly and courage many other to hold countries popular referenda. european elite that have dominated the continent for many decades it will be taken by when european populations actually vote on their future in the eu. even in germany, there is rising euro skepticism and the european project is being fundamentally challenged all over europe, not just in britain. that's a very good thing, i think. anything that advances the drive andrd democracy self-determination and taking powers away from centralized bureaucracies back into the hands of the people, i think that is a positive result. great, for the british citizens in the audience, you still have a few days to make sure you register to vote in the referendum. every vote will count, that's for sure. hopefully, you learned something today. for everyone else, thank you for coming and join me in thanking our panelists. [applause] in 24 hours time or less, you can watch this and then if you're so inclined on

and to face interviews places like poland and greece. these are methodologically ones we have tested in the past. we stand behind the results. there have been questions about the way polls are done in the u.k. but we think our data is justified based on the rigor we apply to the methodology. use i want to go back to support for the eu. one of the stories we talk about is extraordinary high levels of youth unemployment and this feeling that there is a lack of a future. it doesn't necessarily seem intuitive that the youth would be most enthused about the status quo. i agree and i suppose there could have been another storyline that said young people are against this because there are less job prospects. say, george gallup used to you ask people to question and they give you an answer. we have to report the answer and we have found consistently all over the world that young people seem to be more open to the world than older people and that is the case in europe as well. scarlet: fascinating survey findings. alix: coming up, an exclusive in

spain and greece have met the demands of the euro group. milosevic will get their three billion euro -- it looks like they will get their 3 billion .uro debt removed also this luxury airport that will add 40,000 jobs, are you happy with this trajectory? jens: yes, we have to bring that confidence in greece that people are ok. they build up companies, buildup sales, people are employed. we are always focusing on debt limit talk about greece. that is one points. but the other thing is about growth and confidence and trust and the development of greece. did quiet timet -- need quiet time. trench pay off the next and go step-by-step to bring this growth. matt: they are pushing for something of debt restructuring, i haircut. is it not likely? framework, ithe is easy to be done. but we don't think [indiscernible] more [indiscernible] are necessary right now. over alltually taking the debt of the europeans. we need growth. as soon as there is growth, the relative debt situation for greece will improve. you do not see it in ireland, but this could

there's a big difference between greece and argentina. argentina had huge economic bubble, but the fundamentals of productivity and economy were there. nobody has been looking at those see how they are made compatible with the path we find out of the current crisis. >> thanks. >> a very substantive and puerto rico administration, yet she's making the right case. puerto rico's challenges are a consequences of our colonial condition. they are a coincidence of corruption of local politicians. and there's no choices we can make locally that we haven't been able to make. such as once powerful tax reform, corporate tax reform has not arrived in puerto rico the way it should be. we have not a diversified our fuel base consumption. energy costs are way too high in puerto rico. we haven't really found a local government. government is just too big at the moment. but something we should put on table that no government has had the political will to actually accomplish meaningful redesigning. there's no proper tax administration system locally. i mea

anticipate greece comes out of the european union? mohamed: ultimately, greece is more of a eurozone issue then a european union issue. the problem with greece and the difficulties it faces to be within the eurozone dominated by german economics. greece may exit the eurozone. i'm surprised it has not got relief yet. you need debt relief if this country has any chance of growing and the politicians have not delivered. we hear grumblings that is going to happen if the ecb is able to buy greek debt with quantitative easing. i wonder what you think about a stronger eu? if i play devil's advocate, it's a political construct more than anything else. if you want to strengthen it, you have to have european treasury, european legislation, elected officials running the european union. you have to make it that and when i talk to people in brussels, guys who work on the european commission, they don't want to come out and say it because it is too controversial. are we going to get there over the next two or three years? mohamed: i said in the pie

pierre: totally optimistic on greece. i think there should be no talk anymore about grexit because it does not make sense anymore. we have struck a deal last week in the sense that we are implementing the first stage of the bailout package. courageoushad very and ambitious measures in the past few weeks and parliament and i encourage everyone to look at up because they are tough, but good for the productivity of the country. second, we have agreed with the readjustment of the debt for greece in the medium and long-term, which means there is some alleviation. i think it is a win-win situation and we are on course. caroline: many feel that unfortunately these talks raise issues but nothing manages to reinvent the wheel. what would you want to see done to inspire trade or inspire growth, to exit the so-called i thinkth trap? pierre: this is the house of best practices so we can compare notes and see who is doing better from different countries and continents, and inspire ourselves to be successful. caroline: would you have o

and the underlying micro environment in greece. a lot of companies have gone through a degree of survivalship. i think that speaks volumes for the type of rebound we might see in greece as we start to go through a much better period for the greek economy and greece overall within the eu. >> wasn't this still a pretty big defeat for tsipras, given that he would have liked to have seen a lot more leniency on debt? >> well, i don't disagree with that remark. i think indeed, the imf would probably go along with those comments as well, ultimately, and debt forgiveness has to be part of the whole package for greece. and i suspect that once the german elections are finished in 2018, that will once again come to the forefront. but maybe in the interim, we see some form of good news, whereby the ecb accepts greek government bonds as collateral for greek banks. and that would be a significant turning point in allowing the ecb to buy greek government debt. and again, becoming part of this huge convergence of eurozone debt that we've seen, eur

of portugal and greece are narrowing. do you look for more relief from europe? mario: that is not in our plan. we are very much focused on a competition that targets we had for a fiscal deficit for this year. we presented a very demanding but ambitious stability program. the diamond trends we saw in 2014, we think that is the way to go and we will be very strict in our execution in terms of the budget. vonnie: the 10 year yield is up 3.13% and your debt to gdp ratio is significant. how do you anticipate meeting that without imposing more austerity measures? mario: we do have a vision in terms of our budget which is to accomplish most of what we have a reformlish through of the public administration, putting our expenditure aside in -- half --ct past, path and that is the main recipe. portugal has already been through many reforms and we need the economies to react. we need to generate the economic space and we need some advancements in terms of european integration. pt is also important for us economically so we think it is now time to let demand and act, and so

greece rescues many, but the grim routine of rescuing bodies goes on. deadly flooding in europe, the river sent in paris hits the six meter mark and the louvre museum closes to protect its treasures. in germany, thousands are forced to flee their homes as cleanup efforts continue. more rain is on the way. fresh corruption allegations that soccer's governing body. fifa says it's former president and inner circle made $80 million through suspicious payments. ♪ sarah: i'm sarah kelly. welcome to the program. we begin with a grim reality, people have washed up on a beach in the libyan city. in a tragic day for mediterranean migrants, another nine bodies were pulled from the sea after a boat capsized near crete. greek authorities rescued 340 others. despite the dangers, desperate attempts to reach europe show no signs of slowing down. reporter: their dream of a new life ended here, on a beach in the city of zwara in northern libya. more than 100 bodies have washed up on this sure in the last few days. local residents are shocked. >> this is wrong. there ar

the answer, someone with fortitu fortitude, that greece would hang on forever. fortitude can triumph over fear, on some of those occasions it can make you an awful lot of money. europe's a strange beast. back in 2011, we had to live through not one, but two rate hikes. we had to worry about acronyms like pigs. portugal ireland, italy and spain. they were teetering people awaited, lehman brothers like, no, lehman brothers ten times over. now we're hearing the same warnings again. stocks sink like rocks every day. >> can i interject something we learn from 2011. >> in this country that's true. namely what we learn, european capitalism isn't like our capitalism, or certainly isn't as much as we prefend it to be. in the eurozone, they practice crony capitalism. where the governments work in tandem with their financial institutions, when they can be as loathsome as ours were. i ask you is the low interest environment here that any rational mind would think paul in comparison to the big scare in 2011. really worth running to the hills for? >> i don't think so. >> the

and jane's going breath examines the economic crisis in greece and the future of the euro in welcome to the poisoned chalice. look for these titles in bookstores this coming week and watch for the authors in the near future on book tv. >> you say, not in your book but other places that you may be the worst geordie leader so the senate is a place of relationships. what about this relationship between the democratic and republican leaders? are you friends? >> look, i've been very public about a couple of things and number one, i didn't like the way he shut the senate down and prevented people from voting. i didn't like the way he ran the senate and i think his public rhetoric is frequently very inappropriate.

but i think if greece is not going to go and greece hasn't been pushed out yet, that's maybe the more important way to think about it, then it's unlikely anyone else is going to leave any time soon. especially if you try to leave the european monetary union, that's a little bit different story, that's a more tightly knit group. if you have to change your currency in order to leave the group that makes it more complicated to leave. >> does this complicate the already complicated election cycle? at this point, there are those who say that it would be a damaging situation for ms. clinton if indeed she prevailed in the electio >> i think you have to kind of separate it out a little bit. again, i don't think that the brexit as it's been called, britain leaving the european union, has that big effect on the economy or the u.s. electorate. i mean, frankly, i think the u.s. electorate isn't paying that much attention to this si i think it does have ramifications for the federal reserve. i think if they decide to leave, i think this will put the fed on hold a lot longer than it otherwise might

meanwhile, the human flow between turkey and greece has dropped sharply. in march, ankara signed an agreement with the european union to curtail illegal migration. for more on this i'm joined now by david miliband, c.e.o. of international rescue committee. david, why is this happening? why this surge that we're seeing in the last couple of weeks? >> i think there are two main reasons thatplain this terrible, horrific wave of death in the mediterranean from north africa. the first is the increasingly desperate tactics of the smugglers themselves. i think the official who just spoke about their tactics got it absolutely right. these are desperate people and they're being exploited by smuggling gangs. the second thing obviously is as the weather has gotten better over the last couple of months, the number of people flowing from norfol north africa into is grown. 40 or 50,000 have come into europe this year. the people from africa are coming from nigeria, somalia, from gambia, from the places like the man in the film and you are seeing this is a global refugee

greece isblems experiencing our greek. when you say that you are going to the united kingdom to solve the problems, it is counterproductive and you are just undermining the united kingdom's ability to act as a financial partner with the united states. from self-interest, it does not help us. if being in the euro is the fundamental cause, you will never solve it by making the prime directive staying in the euro. >> a question on the economics brexit on the rest of europe. as mentioned earlier, undoubtably, the greeks are better outside of the currency. is a political project, more than anything else. it is not an official construct. you are seeing the construct crumbling. whether brexit takes place or will crumble and, eventually, fall apart. ce is givingnt, greev orders. it is not a sovereign nation. they can barely run the government. that is not sustainable. ll, tois a limit, as we the generosity of german taxpayers. undoubtedly, the germans have benefited significantly from the euro. but, i think the idea of bailing out

and the point being is that greece is a tiny economy. and it would get crushed if it left the euro zone. so they have to accept. italy is i think the fourth largest economy and would be able to dictate much stronger terms in its negotiations. the problem is that even though italy is part of the euro, it is the euro that is the problem. the as straight jacket to a lot of other countries that need some stimulus. we saw mario draghi talk about the fact that nothing they are doing and there really is no pick up in demand that is significant to have any kind of confidence. that is the level of frustration i think everybody is seeing. having said this though. it still i think looks to be likely uk is going to remain in the eu. >> seems like the polarization of politics and the sense of nationalism we've seen exist throughout europe continues to be the case. over the past five years that level of uncertainty around political risk hasn't changed. suspect that something that investors have to get used to when you are getting exposure to europe? >

they didn't want exit of greece which would have been much better than greece than keeping greece in the eu. so there is this anti-split sentiment of some people who want to keep the eu at all costs. deirdre: marc, what does this mean in the context of investing in the u.s.? you said the u.s. stock market is in a bubble. europe does look shaky to a lot of investors. china has begun to slow. there are people who want to invest in the u.s., not because the u.s. looks great but it looks safe. >> yes, it may look better, but we have to look very closely at. first of all, the valuations in the u.s. are very high, if you measure price to sales of the s&p or the median p/e of the s&p or the shiller p/e of the s&p, price-to-book and so on, number two, my sense is they are much better values than overseas. not all emerging economies can be thrown into the same basket. some actually are improving, some are worsening, and some devaluations are quite reasonable. so i say for the investor who has patience, now is a much better opportunity to invest in europe and emerging economies than say in the

i think greece is that are off outside of the european union as well. i believe that brexit will certainly encourage many other european countries to hold popular referenda. i think the european elite that have dominated the continent for many decades it will be taken by surprise when european populations actually vote on their future in the eu. even in germany, there is rising euro skepticism and the european project is being fundamentally challenged all over europe, not just in britain. that's a very good thing, i think. anything that advances the drive toward democracy and self-determination and taking powers away from centralized bureaucracies back into the hands of the people, i think that is a positive result. >> great, for the british citizens in the audience, you still have a few days to make sure you register to vote in the referendum. every vote will count, that's for sure. hopefully, you learned something today. for everyone else, thank you for coming and join me in thanking our panelists. [applause] in 24 hours time or less, you can watch th

there's a big difference between greece and argentina. argentina had huge economic bubble the fundamentals of productivity and economy were there. so there were resources to work with a record know what has been working on the sentimental spin port of rico and see how they are made compatible with the path we find out of the current crisis. >> thanks. >> a very substantive and document of the tort puerto rico administration, yet she's making the right case. puerto rico's challenges are a consequences of our colonial condition. there's corruption of local politicians. and there's no choices we can make locally that we haven't been able to make. such as once powerful tax reform, corporate tax reform has not arrived in puerto rico the way it should be. we have not a diversified our fuel base consumption. energy costs are way july in puerto rico. we haven't really found a local government. government is just too big at the moment. but something we should put on table that no government has had the political will to actually accomplish meaning

mark: you cited quebec in 1995, --tland 2014, and greece almost any year with greece, but 2015 was the year that you cited. will the brexit referendum be that outlined -- outlier from now on in predicted events? new be presumptuous to say that definitively, but probably. people,on is very few having witnessed what happened here last week and over the past 2-days in the market, want to see anything like it again. i would say what happened in spain, the election fallout, was maybe a good reaction to what happened here. that was supposed to be an election up for grabs. even the market wasn't certain. the voters in spain said we will take what we have. we don't want the chaos that resulted from the brexit. that was a leading indicator, if anything. vonnie: would it be fair to say that pricing changed to after the murder of mp jo cox? that before markets were pricing in at more of a chance -- they were closer to the levels they are now? actually, markets started turning before that awful event. you could see the markets long-term,t over the if you look at one-year volatility compared to the

only greece, peru, russia, egypt, and brazil have said it. x is worth 40 billion euros. -- biggest since february 11, the world's biggest steelmaker has risen 124%, along with steel and iron o. re. two other investors account for two thirds of the gain. a bit of love for the luxx. the balance has been restored. if you want to show your love, g #btv 1562 . was that chart, i think that is a runaway winner. x's.constituents and three where else will you get that. so mark, you are the winner. and joe, a wonderful runner-up. stay tuned for the next hour of "bloomberg markets." ofwill have live coverage federal reserve chair janet yellen at 12:30 eastern. you can see the event on the bloomberg through our live . function. ♪ >> it is noon in new york, 5 p.m. in london. >> welcome to bloomberg markets ." ♪ >> from bloomberg world headquarters, good afternoon. r.i.m scarlet fu. -- i'm scarlet fu. stocks rising as speculation grows the fed will not raise rates after the jobs report. scarlet: we will look for clarity from federal reserve cha

they say it is effectively trapping migrants in greece, for months. they say over the past 1.5 years , doctors have treated over 200,000 migrants in europe and on the mediterranean. other donations currently account for 90% of their fundining. a percentage that they are set on increasing. host: we will bring in the president of doctors without borders, in germany. can you walk us through what prompted your organization to stop receiving funding from the eu? >> we have been criticizing for a long time, the eu politics on migrants. the politics have prevented people from receiving the help they need. but now with the new turkey deal, we see a clear violation of humanitarian principles, where aid is dependent on political cooperation and that is something which we are definitely against. the principles that are core to our organization. host: you say you have been critical for some time, so why now? what is it that you want the eu to do now? >> the turning point was definitely the turkey deal, where people were stuck from receiving help and kept in turke

they say it is effectively trapping migrants in greece, for months. they say over the past 1.5 years , doctors have treated over 200,000 migrants in europe and on the mediterranean. other donations currently account for 90% of their funding. a percentage that they are set on increasing. host: we will bring in the president of doctors without borders, in germany. can you walk us through what prompted your organization to stop receiving funding from the eu? >> we have been criticizing for a long time, the eu politics on migrants. the politics have prevented people from receiving the help they need. but now with the new turkey deal, we see a clear violation of humanitarian principles, where aid is dependent on political cooperation and that is something which we are definitely against. the principles that are core to our organization. host: you say you have been critical for some time, so why now? what is it that you want the eu to do now? >> the turning point was definitely the turkey deal, where people were stuck from receiving help and kept in turkey,

we just have to look at greece who are accepting hugely draconian standards imposed on them by creditors. because they know there could be massive, massive consequences. i just wonder, we're in the eye of the storm today, as the decision has been announced. does it blow over a little bit in the weeks ahead for those sorts of countries? therefore, for me to really focus on what to worry about going forward would be the countries like germany and france. if you saw movements from them to leave, that would be hugely worrying for the european union. for the smaller countries i wonder if it might blow over a little bit. france and germany have elections next year, and that could be crucial for the future of the european union. >> there is the groundswell of populism in france or germany that exists in the uk? >> it definitely exists. i just don't think it's got to the same extent. germany perhaps is the most important. and particularly, for angela merkel often described the mother of europe to remain in power. her coalition of the cdu and another parties slightly to the right of hers need to

and greece. greece did not stick by the rules and that's why we needed to make sure for euro stability that rules were followed in the future. here, we are in a new situation whereby the u.k. has expressed through a referendum its willingness to leave the european union. that needs to be dealt with carefully. it will have not only political ramifications and economic ramifications, but also have security and political ramifications. francine: this also feels like blackmail. right? if you were to put a referendum to certain european countries, maybe they would want out, too. mr. stubb: it is a self-inflicted pain. to be quite honest i am , pro-european. i think the u.k. has always had a great impact on european integration. it has been a great promoter of free markets. now, it is marginalizing itself. the united kingdom or great britain has become little england. in that sense i do not call it blackmail any which way. there is a significant difference -- i guess the u.k. can stand on its own two f

imagine if this was a show in greece in 2003, i bet people on the left in greece said hey, we're in good shape. if something can't go on forever, it does stop. john: i like that i sent my producer to ask people at a clinton rally. what do you like about her? >> she's very well qualified, and she has experience getting things done. >> hillary has a way of getting things done. john: what does she get done, juan? we look for her achievements as a senator. we found three bills she began. a bill to name a post office after major george cuomo, a bill to name a highway after tim russert. a bill to establish the american labor study center as the national historic site. that was it. john: that i think you are mocking hillary clinton by doing so effectively. >> if all hillary clinton ever did is to have bills to rename post offices, that would be great. i wish all politicians does stuff like that. >> she was re-elected in the state for a reason. people felt she represented them well. if you go to the larger issue as what did she accomplish as secretary of state? we're in an interesting mix in ter

acting like the gold standard so it is causing greece and other countries to be fiscally irresponsible to suffer as a result to get their act together that is what the gold standard does when you over use your debt with the tax system and the euro is the gold standard so a lot of economists by the way argue that one of the reasons they note to the countries that went off first during the great depression recovered more quickly is an interesting argument that is worth looking at that is what greases thinking we can go off the euro and recover more quickly. that is the basis of that argument. >> by the way thinking that the yen's steady many works ask brazil how will that works, argentina zimbabwe zimbabwe, countries that have steady currencies do better over time than those that don't. not to get into a discussion of the depression but those you cheapened their money all that did was get the big brother neighbor policy were they all went off and then the 30's overall was the miserable decade you can cheat to get a little leap forward and others follow then you're back to where you were.

. >> that last trace of him had been in january of 2015 where they located him in greece thanks to a cell phone that he was using to communicate with plotters in belgium. >> a u.s. department of homeland security assessment called abdelhamid abaaoud the purported leader of a belgium group that had amassed a large cashe of illegal weapons including hand guns, ammunition and materials to make explosives. abdelhamid abaaoud was plotting a major attack that was thwarted when police raided safe houses in belgium. in that raid a fire fight left two alleged plotters dead, a third was arrested. but abdelhamid abaaoud slipped out of greece undetected. >> he escaped the international dragnet and appears to have returned to syria. >> he bragged about it in a magazine. >> in that interview abdelhamid abaaoud said my name and picture were all over the news yet i was able to stay in their homeland, plan operations against them and leave safely when doing so became necessary. just nine months later abdelhamid abaaoud plays a leading role in terrorizing paris, seen on a subway security camera during

people are going to greece on a holiday. >> don't you love santorini? >> i've never been. [ laughter ] >> maybe hoda should go. >> how do you win the trip? >> she's going to give us all the details. a bunch of us were involved the other day, i couldn't be there physically but we were all involved in the broadway tribute to the orlando victims. more than 60 of broadway's biggest stars joined together for a song dedicated to the victims of a shooting. >> you know the song, it's called "what the world needs now is love" by bert bachrach. >> and hall david wrote the lyrics. >> it was carol going, audra mcdonald, bernadette peters. billyporter. burt bacharach. >> just take a looksy. ♪ what the world needs now is love sweet love ♪ it's the only thing that there's just too little of ♪ what the world needs now, is love sweet love ♪ no, not just for some, but for everyone ♪ no, we don't need another mountain ♪ there are mountains and hillsides enough to climb ♪ there are oceans and rivers enough to cross ♪ enough to last till the end of time ♪