the european council. i'm thinking in terms of decisions about value added tax, fair taxation of the digital economy, and the financial transaction tax. these can all be decided by qualified majority. europe needs to be table to take decisions more rapidly and more efficiently. we need to see a more agile economic and mob taker union. the euro area is more resistant to shocks than it was a few years ago. we have a european stability mechanism, which i believe should gradually be turned into a european monetary fund that needs to be anchored if the european union. there will be specific proposals coming from the commission in december of this year to that effect. we need a european minister of economy and finance, a minister to promote structural reform in our member states. a minister who can build on the work done in the commission but the special unit for structural reform support. the minister of european finance should coordinate all eu financing and step in whenever a member state is facing the threat

[applause] solidarity cannot be an trs-european -- intra-european problem. our trust fund from for the has the possibility of jobs all over the african continent. while the budget of the eu is carrying the weight of the financing, the contribution of all of our member states is only at 150 million euros. the trust is now getting to its limits. ithave to know the risks of being a lack of financing. in 2015, many migrants wanted to get to europe when and because the food from the u.n. ran out. statesto remind member to ensure that the trust fund for africa does not suffer that fate. we are also going to work toward the opening of legal migration routes. onlyular migration will stop when migrants have another option from undertaking a .arentless journey we have refugees coming from turkey, jordan, and lebanon. there will be the reinstallation andther refugees from libya other countries. europe is a continent getting older. this is another reason for having a legal migration system, which is an absolute necessity. this is why the commission put forward proposals

next the president of the european commission gives the annual state of the european union address to lawmakers in france. he announced the official date that the uk will leave the european union, march 29, 2019. he called the departure tragic and said the european union will move on. this is about an hour. >> mr. president, honorable members of the european parliament when i stood before you this time last year i had a somewhat easier speech to give. it was plain folk to see that that the union was not in a good state. europe was battered and bruised at our very foundation. we only had two choices, either come together around a positive european agenda for each receipt into our own corners. faced with this choice i proposed a positive agenda as i said last year, a europe that are text, a europe that empowers, a europe that defense. over the past 12 months the european parliament has brought this agenda to life. we continue to make progress with each passing day. just last night you works to find an agreement on doubling our european investment capacity and to succeed. thank you for t

union, european institutions. sometimes some accusations within eu member states. is that the case? it is notjust eu member states with whom you have an issue. you have an issue with global policy, un policy on migration for example. you are at odds with the united nations high commissioner for refugees, when he visited hungary he said you treat migrants like detainees. actually, i have met the high commissioner and explained our policy on migration. i have explained that i totally disagree with this position of him, that this happens in a democracy, that we disagree with each other. we look at illegal migration as a very serious security threat on europe. we think it is a huge problem that the eu was not able to divulges this phenomenon from the beginning, because now you see the consequences. more than 1.5 million illegal migrants entered the eu, uncontrolled and unregulated, that is unacceptable. we see the consequence as the most serious threat of terror and the serious situation regarding security in europe.

because the european union really were really stocked. since two thousand and fifteen really and they don't have any solution not lasting solutions for guarding the migrant crisis so this was i think a strong point made by the french president today after martin's in paris thank you let's turn now to the fallout from germany's election the chancellor faces a tough task in forming a new governing coalition and get a makeover is most likely to strike a deal with the pro-business f.t.p. and the environmentalists greens two parties that are far apart on a couple of key issues this is the so-called jamaica coalition with party colors blood for the c.d.u. yellow for the f.t.p. and green for the greens of course jamaica's national flag so how would this fit into german politics. they know how to stay cool in jamaica black yellow and green are the colors of the flag in germany these colors represent the most likely incoming coalition conservative c.d.u. the greens in the pro market f.t.p. people here aren't quite as cool as in the caribbean. but

and the european union. it was here more than anywhere else that the renaissance began. -- sawin history that is centuries of creativity and critical thought across our continent and which in many ways defined what it meant to be european. whose exampleory shaped the modern world. a time of history that teaches us that when we come together in a spirit of ambition and innovation, we have it within ourselves to do great things. that shows us if we open our minds to new thinking and new possibilities, we can forge a better, brighter future for all our people. and that is what i want to focus on today. a new anding through critical time in the history of the united kingdom's relationship with the european union. the british people have decided to leave the eu and to be a global, free trading nation able to chart our own way in the world three and for many, this is an exciting time, full of promise. for others it is a worrying one. i look ahead with optimism, believing that if we use this moment to change not ju

or european union. european economic area membership would mean the u.k. having to adopt at home automatically and in their entirety new eu rules, roles over which in future we will have little influence and no vote. such a loss of democratic control could not work for the british people. i fear it would inevitably lead to friction and a damaging reopening of the nature of our relationship in the near future. the very last thing that anyone on either side of the channel wants. as for canadian style free trade agreement, we should recognize that this is the most advanced free-trade agreement the eu has yet concluded, and a breakthrough in trade between canada and the eu. but compared with what exists between britain and the eu today, it would nevertheless represent such a restriction on our mutual market access that it would benefit neither of our economies. not only that, it would start from the false premise that there is no pre-existing regulatory relationship between us. precedent suggests that it could take years to negotiate. we can do so much better

people here across the european union to be appealed regarding the european union ok let's hear some of what the french president had to say regarding terrorism. we have to strengthen our projects in order to fight against terrorism and to combat terrorist propaganda on the internet and we have to strengthen our cyber security and to create security and a common security and just displaying. other matters in paris tell us more about president proposals for combating terror. well we already saw in the way he structured hits his speech he really put terrorism and in a broader approach to security and the very heart of his european proposal saying that the condition for peace and everything else the foundation of the european union is security and there he came up with a quite strong proposal joint military intervention force in order to join and to cooperate more on the european level across the european countries so this is a strong proposal i think there is coming ground in the european union in the post practice that you and i think the french president and his entourage they were a

or best for the european union. european economic area membership would mean the u.k. having to adopt at home automatically and in their entirety new e.u. rules rules over which in future we would have little influence and no vote such a loss of democratic control could not work for the british people i think it would inevitably lead to friction and then a damaging reopening of the nature of our relationship in the near future the very nasty things that anyone on either side of the channel wants as for a canadian style free trade agreement we should recognize that this is the most advanced free trade agreement the e.u. has yet concluded and a breakthrough in trade between canada and the e.u. but compared with what exists between britain and the e.u. today it would never the less represent such a restriction on our mutual market access that it would benefit neither of our economy is not only that it would start from the false premise that there is no preexisting regulator the relationship between us and president suggests that it could take years to negotiate. we can do

public opinion polls on the european union... oh, but no, never mind that, i'm more interested in the real polls that come with elections. mr 0rban wins elections, with a very sceptical, negative approach to much of what the eu does. when it comes to an assessment of whether the integrationist ambitions of people like commission chiefjunker are realistic, one has to remember that the poles, the hungarians and maybe the slovaks and the czechs as well, have the ability to block reform and it looks as though they will, so yet again we are looking at a dysfunctional eu. it is, sir, precisely, if the eu is not to be an overarching empire suppressing national will, there will be always member states which will be able, if they want, to block certain decisions because it's not a dictatorship coming out of brussels. this is all the beauty and the difficulty of constructing a european union. if you want my view, it will never be the united states of europe. i don't want it to be the united states of europe. will it be a multispeed europe?

. >>> now, the president of the european commission gives his annual state of the european union address to lawmakers in strasbourg, france. this is an hour. >> mr. president, honorable members of the european parliament, when i stood before you this time last year, i had the somewhat easier speech to give. it was plain for all to see that our union was not in a good state. europe was better and worst by the very foundation. we only had two choices -- either come together around a positive european agenda, or each retreat into our own corners. faced with this choice, i argued for unity. i proposed a positive agenda to help create, as i said last year, a europe that protects, a europe that empowers, a europe that defends. over the past 12 months, european parliament has helped bring this agenda to life. we continue to make progress with each passing day. just last night you worked to find an agreement on instrument and doubling our european investment capacity and you succeeded. thank you for that. i also want to thank the 27 leaders of our member states. this after my speech last year, t

in the european parliament so people don't care and therefore the european union as such it's not a given we have to fight for every day and so let's talk and bodies with envy i going to do that as a stronger position party you don't give that to the airflow glad about that you gave what will be the future we'll see but let's talk about europe it is you europe wide phenomenon that nationalist and populist parties are having increasing success like albany in hungary our president ski in poland or strat then a mark no way how do you explain that. that is compared to germany to the if t. year and also two for not so no but also to the trump ism in the us but in hungary and in poland these people even govern right they influence every decision in europe and objectional is racist right and they've changed their basic law our situation look if you look at the constitutional court in poland. the government now is destructing it which is and should not be allowed by the european union i'm very glad to moments in that the european parliament is strong against it all one is supporting polland in th

we have a european stability mechanism which i believe should gradually be turned into a european monetary fund that needs to be anchored in the european union. there'll be specific proposals coming in december of this year to that effect. we need a european minister of economy and finance. i minister to promote structural reform in our member state. a minister who can build on the work done on the commission by special unit for structural reform support. the european minister of finance should coordinate all financing instrument whenever a member state is facing the threat of recession. and here i am not calling for a new position for efficiency reasons. i believe the future commissioner responsible for economy and finance carry out this role. as well as carrying the euro group. the european minister of economy lesser course be accountable to the parliament. we do not need parallel structure. we do not need a separate euro budget, we need a strong budget line within the existing e.u. budget. nor do i see great merit in the idea of a separate euro parliament. the parliament of the euro are

in short, we want to work hand in hand with the european union rather than as part of the european union. that is why in my speech at lancaster house i said that the united kingdom would seek to secure a new, deep, and special partnership with the european union. and this should span both a new economic relationship and a new relationship on security. so let me set out what each of these relationships could will be like before turning to the question of how we get there. let me start with the economic partnership. united kingdom is leaving the european union. we will no longer be members of its single market or its custo s s union. for me understand that the free markets are indivisible for our european friends. we recognize that the single market is built on a balance of rights and obligations. and we do not pretend that you can have all the benefits of membership at the single margaret without its obligations. our task is to find a new framework that allows for a close economic partnership but holds those rights and obligations in a new and different balance. but as we work out togethe

so what they say is this is about stretching the remit of the european union and giving the european union who are tracking what expect nation states to have. political commentator thank you very much for your time on thoughts this hour thank you. that's where we leave the news for now under former is here in just over a half an hour's time with more global news from moscow which do you. know weary in. c.l. working thanks. this is the first fish to please. he asked me what i might do you know the us moments it's almost funny yes. i could introduce you eat it is home to bullets most powerful drug syndicates. why you grow marijuana and no tomatoes in that city yet people there's a big good deal of the public don't get what the market. for your money watch the people. the mob there. is enough. to keep them. oh oh we. must times the government knows what they do and they do nothing. oh. and with a day when we have time to meet and. the minerals. building will team take one thing as a team to him in the. name. of the mean looking north. east. north of you in.

in the european parliament so people don't care and therefore the european union as such it's not a given we have to fight for every day and so let's talk and bodies with envy are going to do that as a stronger position party we don't give that to the airflow glad about that you gave what will be the future we'll see but let's talk about europe it is you europe wide phenomenon that nationalist and populist parties i have been increasing success like albany in hungary or kaczynski in poland or struck then amok no way how do you explain that. that is what compared to germany to the if kenya and also to for not so no but also to the trump ism in the us but in hungary and in poland these people even govern right they influence every decision in europe and their generational is racist right and they've changed their basic law our situation look if you look at the constitutional court in poland. the government now is destructing it which is and should not be allowed by the european union i'm very glad to moments in that the european parliament is strong against it all one is supporting polland

outside thel be european union. we can tackle the greatest social and economic challenges offace in this era globalization. questions for these is to not become isolationist. the economic problems of the west cannot be to turn our back on globalization. instantly the world for once again. worlds to lead the forward once again. economies inop our areas where we have a disadvantage. this is the great prize we can win from brexit. we can strike new trade agreements across the globe, including with the european union. is tem in which mperate and logical. fifth largestld's economy. achieving this will not be easy. need global businesses to global goaleve our s. sitting in this room. pedt invention has hel saved the lives of billions of people. i usually get the answer antibiotics or medical technology, the real answer is free-trade and capitalism. free-trade has delivered an unrivaled increase in prosperity across the globe. it has raised more people out of poverty been any or all of government initiatives put together.

in the european parliament so people don't care and therefore the european union as such it's not been given we have to fight for every day and so let's talk about this is with a and we're going to do that as a stronger position party we don't give that to the airflow in the lake glad about that you gave it what will be the future we'll see but let's talk about europe it is you europe wide phenomenon that nationalist and populist parties i have been increasing success like all but in hungary are kaczynski in poland or struck then a mark no way how do you explain that. that is what compared to germany to the if kenya and also to four not so no but also to the trump ism in the us but in hungary and in poland these people even govern right they influence every decision in europe and their generational is racist right and they've changed their basic law our situation look if you look at the constitutional court in poland. the government now is destructing it which is and should not be allowed by the european union very glad to moment and that the european parliament is strong against it al

the europeans have some views too. let's start by hearing from our political editor, nick watt, in florence. nick, we have been waiting for this for days, weeks, what do you make of it? this was a speech for european voices and notjust because the british prime minister travelled to the birthplace of the renaissance to show how much britain owes europe for its civilisation. downing street is confident this speech will shift the dial in the talk. the two big movements you are talking about, firstly on the 2—year transition, brussels says this amounts to the first formal request from the uk it want such a transition but also the second big thing is the future relationship after that transition. the prime minister did flesh out some details. she is saying no to the norway option. that would have involved us abiding by european rules. significantly, she said no to the canada option and the concern is that would be too restrictive on trade. here is my report on theresa may's day trip to florence. in the finest traditions

many european sources are taken advantage of by western european companies. the vast majority of eu resources sent to hungary are involved in the construction... are there any benefits that western european countries... don't try to make me say what i didn't say. these resources are not usable for us based on contracts. that has nothing to do with the migratory policy. if we speak about that, we have to speak about the fact that these resources are taken advantage of by western european companies. we are very happy with the western european and american companies in our country. we are very happy with that. 0ur achievement mainly depends on foreign exports and investment. but if they both take advantage of this situation, don't make unfair treatment is about hungary. what's going to happen, though? you've said the verdict is the start of a battle. briefly outline what you mean by that. we will now have a debate with the european commission, as it has launched infringement procedures on hungary on many issues and i'm pretty sure that this will continue. anothe

union to join the eea, wouldn't suit britain or the european union tojoin the eea, the european union tojoin the eea, the european economic area, like norway and switzerland, she said shalled involve london giving up too much control. she ruled out emulating the relationship can that is negotiating with europe. mrs may said the uk was well placed to get a better deal. the uk is the eu's largest trading partner, one of the largest economies in the world and a market of considerable importance for many businesses and jobs across the continent. and the eu is our largest trading partner. so it is in all our interests to find a creative solution. and the eu has shown in the past that creative arrangements can be agreed in other areas. for example, it's developed a diverse array of arrangements with neighbouring countries outside the eu, both in economic relations and injustice and eu, both in economic relations and in justice and home affairs. further more, we share the same set of fundamental beliefs. a belief in free trade, rigorous and fair competition, strong consumer rights, and that

of the european commission. is he right, that britain will regret leaving? and brexit will leave empty seats in the european parliament. what should the remaining 27 countries do with them? so, all that to come and more in the next 30 minutes. joining us today are journalists toby young and anne mcelvoy. first up, here's our guide to the latest from europe in just 60 seconds. jean—claude juncker took centrestage in strasbourg with his state of the union speech this week. but meps also discussed diesel gate, the volkswagen emission scandal, debating new testing regimes in germany and austria introduced earlier this month after a parliamentary enquiry made recommendations. 1.2 billion euros in eu aid was given to italy to help repair damaged caused by recent earthquakes. the massive pay—out is the biggest ever under the eu solidarity fund. and meps approved a motion calling on norway, a member of the european economic area, to give up commercial whaling off its coast. away from the european parliament, protest

i think it will make us more european, bringing the best of european level, rather than having separate national debates. i think it would be a good step forward, towards a more european democracy. if you are elected on a transnational list, who is your electorate? to whom you responsible? to whom are you accountable? how can your voters identify with you. yes, it is all immensely technical, but it is all immensely technical, but it has accessed some here for decades. and there is still some way to go. and a port —— a report is the amended and then voted upon. it is exhausting. can i sit in one of the seats, please? adam fleming reporting. next week, theresa may will go to florence to make a speech that has already been talked up as a political game changer in the brexit negotiations. downing street is staying tight—lipped about the content staying tight—lipped about the co nte nt of staying tight—lipped about the content of the speech, but that has not stopped other tongues wagging in westminster. indeed, it is going to be the chat of the week. so let me ask my guest what ton

it is minister for european affairs sandra garth c. welcome to the show great to have you with us and as you got said the euro experiment has failed at least that's what noble economist joseph stiglitz s so are it stays numbered no i disagree i do not think that you will spare him and you are always in reality and i do not think that this certainty the eurozone and the government of the eurozone must be must be shaped up or about we have to continue toward this direction not going backwards. no you were talking about reform right every time i heard you talk and give interviews to talk about reform but every year is own state has its own interests at heart so why is anybody going to listen to what rome is saying right now. well i mean. it is true that the debate on the euro zone and the debate on how to reform the eurozone as being postponed too many times but i do believe that in the second half of this year the time would be right to open the debate to be after the french elections have to be after the german elections and i do believ

i don't believe either option would be best for the uk or the european union. there was little detail on how trade agreement might work. before that can be agreed there are sticking points to overcome, firstly the rights of eu citizens living in the uk.” overcome, firstly the rights of eu citizens living in the uk. i want to incorporate our agreement into uk law and make sure the uk courts can refer directly to it. and when there is uncertainty around underlying eu law i want the uk courts to be able to ta ke law i want the uk courts to be able to take into account the judgments of the european court ofjustice with a view to ensuring consistent interpretation. the uk is due to leave in march 2019 but time is tight and the prime minister confirm she wants in effect an extension of membership. a period of implementation would be in our mutual interest and that is why i propose they should be such a period after the uk leaves the eu. clearly people, businesses and public services should only have to plan for one set of changes in the relationship between the uk

but european union as well. jason? >> what would you say to those people who voted to leave last year and through those who believe we should've left already, turned off the direct debit, we should stop free movement straightaway and tell european judges to get lost. they have a right to feel a bit betrayed today, don't they? prime minister may: what the government is doing is ensuring that we deliver on what the people who voted to leave wanted, which is leaving the european union. if we are going to ensure that we do that in a way that is -- has little damage and disruption to our economy and to people's lives as possible, we need to do that in a smooth and orderly way. when we are very clear about is the implementation period will be time-limited and crucially that we will leave the european union in march 2019. that is what the process of withdrawal asks for, that is what will happen. tom? your section on security, you said that the u.k. is unconditionally committed to securing europe's security. that therefore mea

french president emanuel markhor has laid out his vision for reforming the european union in a speech to students at sorbonne university in paris he said the e.u. must work more closely on the fence immigration and intelligence he called for a stronger euro zone budget funded by a dedicated tax as well as a joint defense budget and a shared military intervention for his proposals also included a european asylum agency and standard identity documents to improve migration flows . and manuel mock wrong laid out his vision for the european union calling for some dramatic changes but can he sell the german chancellor and the rest of europe on his vision or are germany and france now when a collision course i'm sarah harman in berlin this is the day. i say took the european leaders to all parliaments in europe to all the peoples of europe for the look at how times look at in the face and you see we have no choice but to hold kind of the europe we know is too weak or too slow too inefficient. for you to call something instead of concentrating on wasting energy on internal divisions might kno

say they of europeans want the european union, to remain members of the european union, only 34% of them think europe is going in the right direction. this is across the board in eastern and western europe. challenges lot of facing the leadership. i think this is where chancellor merkel recognizing that recognizes that the next phase of powers going to be her most difficult. >> i take all of these divisions seriously. i think berlin should take them seriously. at the same time, i would say there is also some enthusiasm and on it -- in unexpected places for further integration. all three countries are quite gung ho for deeper integration. they became members of the eurozone at a time when that was, shall we say, and unfashionable thing to do. painfult through austerity measures to do so. that had a larger political rightlynd, and they saw europe as a political project of signing up. the other country that is more enthusiastic than you could possibly know because they never turn up at international conferences is the spanish. spanishyou see a diplomat to washington, they talk the integrati

could rely on a purchase of a european manufacturers. even after the new firm is founded the pressure on the europeans will increase siemens has considered canadian company body a but the deal was reportedly derailed by a bum body is shaky finances now the competition authorities need to get on board otherwise the big european deal could hit the buffers prosecutors in the united states have charged ten people including an added as executive where the bribery and fraud that's following a widespread investigation into corruption in college basketball prosecutors accuse the manager of bribing athletes families to get players to attend university. and confirm the arrest of the executive on tuesday saying it was unaware of any wrongdoing on its part. and so he is on wall street for us so he how serious is this case. i mean the f.b.i. is investigating this case so it seems pretty serious to me in and to me and it could mean huge damage to the editor's refutation and it could also shape the rivalry between ideas and its competitor nike not too

and france's president calls for more european unity among well not calling says the e.u. is too weak he wants a joint budget of the eurozone and a shared military intervention force but how will that go down elsewhere in the e.u. . and sarah harman welcome to the program german chancellor angela merkel is coming under increasing pressure as she works to cobble together a new government her bavarian sister party the c.s.u. insists that policy changes are needed and lessons must be learned at the conservatives major election losses but the chancellor already has her hands full as she seeks to build a coalition with the pro-business free democrats and the environmentalist greens two parties with little in common. two days after the election news paper headlines showed just how difficult it will be to form a government. has to fight chancellor looking for her course for the conservative bloc c.d.u. c.s.u. finding the right course will be a major issue but anglo-american doesn't see flaws in her party's priorities if. you can see what we now need to change. from actually build

of four of european affairs discussing it his place in a european here. and the euro zone welcome back mr garcia now. one hundred fourteen italian banks out of five hundred are in deep trouble that's according to italian newspaper in. italy could start bailing out the banks with public funds but that goes against the e.u. bailing out rules now should the government just go ahead without brussels approval or should it really wait until the e.u. comes up with some kind of solution. to europe you know we do believe that there are some of the existing directly the banking sector we. have to be revised because they implemented in different ways in different counties that mean that all of this leave not all the existing rules are very efficient and we do believe that on one side we have to intervene and where to do our part at national level on the other side there must be also review and they know the european commission is working on that. directive because they're banking restructuring within the european union now they have the euro group talking about the

i might add that while 70% of europeans say they want european union and they want to remain members of the european union only 34% of them think that europe is going in the right direction and this is across the board in eastern and western europe. there are a lot of challenges facing the leadership and i think this is where chancellor, merkel recognizes that. the next phase of her tenure in power will be her most difficu difficult. >> thank you. constanza, do you want to -- i think all these divisions are very serious and they should be taken seriously. at the same time, there is also some real enthusiasm in unexpected places for this kind of further integration. the poorer countries, all three of them are gung ho for deeper integration. they became members of the euro zone at a time when it was an unfashionable thing to do and underwent some really quite painful national authority measures to do so. that obviously had a larger political background which is the threat they feel and it is a political project of signing up. the other country that is more than you could possibly know

you mentioned the european free trade association and the european economic area. these are organisations that iceland is part of. are they serving your country well? yes, we are very pleased to be in both of these eea and efta, three countries are a number of the eea, switzerland has a special relationship between them and the eu, but viceland this has served us really well and we are very pleased with that. what do you think of what jean—claude juncker said about trying to make the european union even more integrated and have a finance minister and an overall president and get more countries to join and more countries to be part of the eurozone? well, i think it will be a challenge, to say the least, but of course this is just the decision of the european union. what they do when it comes to political integration. as we know, it isa political integration. as we know, it is a challenge for them to do so in the past but we will see how it goesin in the past but we will see how it goes in the future. water about iceland's relationship with the uk after brexit? ras

citizens to trigger a real european debate with the europeans as citizens about the do's and downs in the european union so this would mean a change in the european decision making not any more a top down approach with heads of states making decisions without the citizens but a bottom up. approach integrating european citizens and so he wants to reach out to your septic. people across the european union to be appealed regarding the european union ok let's hear some of what the french president had to say regarding terrorism. we have to strengthen our projects in order to fight against terrorism and to combat terrorist propaganda on the internet and we have to strengthen our cyber security and to create security and a common security and just displaying. other matters in paris tell us more about president proposals for combating terror. well we already saw in the way he structured hits his speech he really put terrorism and in a broader approach to security and the very heart of his or european proposal saying that the condition for peace and everything else the foundation of the europ

at all but the european union is not europe and europe is not the european union. wants to force the european union to become a single state yet we know that the euro is not a success story we have extraordinary levels of unemployment and social instability . the commission chief apparently didn't take this attack on his vision of europe too well as the euro skeptic i rang him got up and left the room also during the address income made the surprising statement that he'd like to see the positions of the president of the european commission which he currently holds and the president to do. it one. see. the future it would make the european landscape clearer and more understandable if the european ship was steered by one and the same captain at the helm. what do you think of that idea was a man having so much power in the e.u. is that a good idea or not we are three separate the institutions of an institutional balance which is very important and i don't agree with the idea of mr young go to have only one president this means that we are going to have a unit that is

champion the heir to a european champion on the rails thank you. in a new study the world economic forum warns robots the said to replace vast numbers of jobs worldwide and that we're not ready for this next wave of automation i don't know if they're any better at making pizza research is that oxford university reckon every second job is a risk in the long term but the institute for competition economics and just love says there's no reason for panic pointing to the highly automated german car industry which has seen no significant decrease in factory stuff in recent years gemma joins us now from cook around the international federation of robotics is in frankfurt joe can we put a number on job losses we're talking about job cuts today other robots going to take away that many jobs. it's certainly a good point and it's one of the things that people do talk about however as you heard earlier the automotive industry in germany is a good example of the actually the opposite in the united states in fact in the last three or four years in a row we have

you are watching "bloomberg markets: european open." cash is about to open in i am guy johnson in london. matt miller over in berlin. what are we watching this tuesday morning back of the market moves from north korea to janet yellen. the dollar bounces as a result. will the fed chair keep the mood going. macron's message. the french president well line his proposal to reform the european union. the big question is berlin listening? we are going to speak to the banks chief global strategist, peter oppenheimer. matt: where a half-hour away from the european open. take a look at where we see pictures -- we are a half-hour away from the european open. take a look at where we see futures trading. as today, although today, the dax is underperforming. we will see what happens in the cash market. take a look at bunds. i have a three-day trade up here. you can to the yield over the -- well, yesterday was a big drop. we dropped at one point, five basis points. when you're only looking at 45, there is a pretty big loss. you see an unchanged trade

is the biggest disappointment that you had in collaboration with the europeans europeans? what is the biggest disappointment from the europeans that you had while working with them? and last question for the president, and you also. what is the greatest fear and the greatest hope that you have in regards to the european union for the next ten years? thank you so much. >> i would have liked to react much more speedily to the annexation or effort to annex donbass and we were able to. recognizing what those green men were, getting more pictures out, more support out of various kinds. i think we could have blunted it earlier. i think the greatest mistake that we made together, the community, is when we began negotiating the implementation of the minsk agreements. we did it in parallel rather than doing it as a single negotiating structure, u.s. and europe. we had pushed for that as you know but for a variety of reasons it didn't come together and that just allowed space for those who didn't want to deal to get out of the way. i think the biggest, the thing that my heart still

and manuel mock wrong laid out his vision for the european union calling for some dramatic changes but can he sell the german chancellor and the rest of europe on his vision or are germany and france now when a collision course i'm sarah harman in berlin this is the day. i say to people european leaders to all parliaments in europe to all the peoples of europe to look at our times look at in the face and you see we have no choice but to hold kind of the europe we know is too weak or too slow too inefficient. for you to call something instead of concentrating on wasting energy on internal divisions might know if we have been doing for such a long time. we don't want to put on a europe a line you know what it can't guarantee genuine sovereignty in the real world the big fifty to defend our interests and values you know something i suppose i'm putting you know i'm proposing to germany a new partnership so that we will not agree on everything not immediately but we will discuss everything but. also coming up on the program a shock announcement from saudi arabia it's going to allow women to

at all but the european union is not europe and europe is not the european union. wants to force the european union to become a single state yet we know that the euro is not a success story we have extraordinary levels of unemployment and social instability . in the chief apparently he didn't take the verbal attack on his vision of europe to well as the risk it to get me to be harangued got up from the seat and left the room. but begs it was not the only topic that dominated you because address and the u.k. are the only country that received the warning the president also made quite a lot of surprising statements talking about the future of the euro and the scope of his powers to discuss all of these topics now with notice marius joins me on the line now he's a professor of european institutions at the university of crete the more appropriately a member of the european parliament himself for greece very good evening to you notice we're going to listen quite a bit to what john had to say first of all good behavior from stroudsburg very good evening to you first of a

just house or european house here you can get all kinds of information about the european union why not you know it's a kind of a new ambassador to germany he shows me around the exhibition and around some european cities at least are actually. ok i mean i don't feel sponsored it's available in all twenty four european languages so every spaniard portuguese greek or fan who comes by can listen to it in their own language and even so how many of them do you speak. well of the german even if i am an austrian i do my best french and english of course as you know and i speak possible italian and spanish. europe that's first and foremost its people the european house introduces some of them. and all seven hundred. fifty one members of the european parliament you can even send them a message or ask them a question if you have one. the help of our main attraction is a three hundred sixty degree theater where you can watch the european parliament in strasbourg actively debating and you're in the midst of this movement you can take a seat like a european representative and want european democrac

body let's do it this way the number one decision making body of the european union is the european council which consists of you know the heads of state and government and heads of state of government and the government made the decision that they introduce a quota system on a voluntary basis and afterwards the council of the ministers of interior and justice which are definitely on the lower shelf in the structure than the european council they changed his decision and decided in favor of an obligate three quota system so that's that's not really a while a show of european regulations number one number two. that we have some very important treaties in the european union shango dublin and these treaties cannot be modified by a decision of a ministerial council these treaties can only be modified food the procedures of the parliaments of the member states of the european union the consensus all around the twenty eight members and such kind of a decision introducing an o.b. get three quota is basically the modification the amendment of the dublin treaty and because it takes away part

court ofjustice the jurisdiction of the european court of justice and the jurisdiction of the european court ofjustice and payments into the eu budget. that means brexit would create a big hole in the current seven—year budget and that will get a cautious welcome in other capitals. the uk will pay about £18 billion in the two—year transition period and many in the eu may wonder why that suggestion could not have been made many months ago to get things moving, and they won't be hanging at the bunting just yet because there are painting of other bills that the eu expects the uk to cover that plenty of other. the share ofjohnjoint projects. the pension pot could be another £8 billion, there are also outstanding loans and liabilities for the michel barnier has always said we need to settle all the accounts, so the speech may be seen as a step in the right direction by brussels but there's a long way to go. the other big sticking point right now, before we even start talking about trade, theissue we even start talking about trade, the issue of citizens rights, eu once the european cou

as a european country some people are continually talking about a european germany and this was a this was a famous line that thomas mon said he wanted the european german in north german europe and i think that's very much the the consensus of german politics the only party that's really not in that consensus is the f.t. . so i think it clearly will get into parliament but it's not going to be a very strong protest well it's interesting you say that because in one of your recent articles you actually suggested that angle and merkel may be trying to remake europe in germany's image and not in an imperial sense of the world but to impart some of the best labor traditions about germany has to offer so in a sense there is a driver in germany a mainstream driver driver in germany to. create the german eyes to europe well i think you have to differentiate between the different styles of work to what you could call a german one to europe if you're thinking about better labor relations or training programs for workers i mean those are things that are part of the german economic model i mean t

eurozone and a european military that some of the reactions. and how the drive to defeat the hottest is taking a heavy toll on the people of somalia we have an exclusive report. plus germany's changed political landscape after the general election we'll look at what prompted voters in one traditionally the leftist constituency to crossover in droves to the far right alternative for germany. and by munich prepared to take on big spending p.s.g. the highly anticipated champions league clash of honestly good chaps are confident team spirit will give them yes. i'm brian thomas a very warm welcome to the show saudi arabia says it will begin allowing women to drive it is a major step in the country the only one to bar women from getting behind the wheel a royal decree announced on state t.v. says that the battle will be lifted next june one of king solomon sons called the move a huge step forward the streets of saudi arabia have long been a battleground on one hand women wanting to drive on the other the religious conservatives who have called them t