>> president of the european commission delivering his state of the european. he talked about the importance of a strong and united europe and the ongoing brexit negotiations and this was held in france. it's an hour. >> mr. president. honorable members. ood morning. sometimes, history moves discreetly. when we are talking about the work of a commission, which only has a five-year time to make some change, over such a short time, you can't bring about a big change in the state of affairs. the current commission, like its predecessors, is an episode of a brief moment in time in the long history of the european union. our plan has not yet come. our commissions are not yet going to take stock before you of everything we have done over the past four years. on the contrary, i will tell you that work will continue over the coming months. to ensure that our imperfect european union becomes even more -- becomes a little more perfect every day. we still have things to do. which is what i wish to discuss with you this morning. no satisfaction modesty taints my results. t

well you know since there are a european people and european citizens to vote on the e.u. elections i think we should leave it to the europeans number one number two we are part of the biggest european party family european peoples party and the strongest and the most successful party of the european peoples party so we hope that our party family will be successful and the hope that we can change the general attitude of the people's party which is now well migration by migration attitudes and so present and your prime minister obviously get along very well present and meyerson store brand greatly do you think this could actually be a real help in some way for hungary or is it just an ideological liking while you know under the democrat administration under president obama we suffered a lot because the american that time administration the made open attempts to interfere into our domestic. internal politics now such kind of attempts are not happening anymore for us it's great in many cases we receive things in a similar way but we have to understand that they are the number

elections next year will be maybe the most important european elections ever in the european history european parliament elections were always elections in which it seems a joke but it is reality europe was not the matter was not the core of the discussion. each country was having european elections to discuss the massacre for years to try to check the popularity of the government and so on and so forth it is the first time. that the european elections will change in any way the european path because you know for twenty years until now the european parliament was formed around two pm political peelers center left center right all the political decisions even on russian sanctions or trade issues are the outcome of an agreement between these two political families so the european parliament political landscape it's an easy seat landscape because you have two groups you have to do you need the agreement between two groups and that's it that will change next year next year you will have fragmentation probably it would be necessary to have the agreement among four groups to need to have a

union because our interest is to have a strong european union under it can be strong in a strong european union and this is the this is the focal point of the debate how to make european union strong again and there's a big clash between the some western european and to slip through the strait were pushing for a european union which should be stepping into the dimension of post christianity. and post nations and our goal is totally different we want a strong european union. it's been strong member states and we want a europe which sticks to its christian heritage so we're number one we don't want europe to get rid of the christian heritage and we want member states to stay as member states we don't want our you know give up our nationality we don't want to give up our culture we don't want to give up our heritage and so on and so forth so this is a big clash between those who want to see european union as post christian as post national and us who want to see europe as a christian continent based on strong member states european commission is also undertaking legal action against hungary

the europeans expect, quite rightly, that the european union protects them. the commission is proposing new terroristy to counter propaganda and to take it down on the internet within an hour. that is the divisive time window when the greatest damaged can take place. we are also proposing that the tariffs of the new upn -- european public prosecutor will be extended when it comes to fighting terrorist acts. we must be able to prosecute terrorists across borders. terrorists don't know borders. shouldn't make us there are cap wishes. their accomplices. we must be equally decisive to make sure there are free and fair elections in europe. the commission is proposing new a look for aect persons by manipulation from third countries. and huge private interests. leadership, seeking compromises, it is urgently needed in migration issues. , more thane progress is claimed. five out of the seven commission proposals to reshape our migration system were adopted. our efforts have been successful. there are 97% less migrants in the eastern mediterranean and 80% less in the

acts from all of you did european union this is why i mentioned. the eastern countries but i can mention also for instance mexico we have to. have a new deal with mexico because it's it's for the most russians that we want to be proactive and positive towards north america but we can't accept the sad truth of the case from so you have like you've said in the beginning of the interview that whatever is happening is a mortal threat to europe but i've also heard jinan in to say that trans hostile attitude towards europe is actually going to help you or grow up that's funny because that's what we russians say and what the sanctions the sanctions will help them grow up but are you guys actually when i say you the europeans ready to defy america like serious issues for instance iran sanctions i think iran is is. is really next and acceptable what happened on iran so i think we have to think how to avoid the bad consequences of this huge and so on on iran. it depends on the next elections depends whether he would be reelected or not because one scenario i

is trying to encourage european businesses to bypass u.s. sanctions but it seems like some big players are not willing to take the risk. return to iran to do business last year after a seventeen year absence the german auto giant said it wanted to reestablish a presence in the country it's signed contracts to import several vehicle models to around. other german companies like b a s f we're also investing in iran but could there be a u. turn the us ambassador to germany richard grenell said b.s.f. is now accessing the iranian marcus he said that the car giant was complying with u.s. sanctions against the islamic republic. tweeted b a s f will comply with u.s. sanctions on iran. b.s.f. has not yet responded to the ambassador's tweet nor has the w. at least not directly the carmaker says it's complying with all laws and export regulations one is an e.u. law that says european companies don't have to comply with the u.s. sanctions on iran but more companies are choosing to play it safe they fear doing business in iran could hurt their access to

well you know since there are a european people and european citizens to vote on the e.u. elections i think we should leave it to do europeans number one number a speech we hate cheating each other we have even told openly here in russia that we will never break the unity of the european union because unity. on the other hand made it very clear that there must be a dialogue there must be a discussion an honest discussion a straightforward discussion about whether sanctions have been successful or not and then let's see things factually but the european economies but the retell the russian economy or of the read help to go down with the russian economy whether it's hard to implement the music agreements and so on and so forth so there are very straightforward questions and there are very easy answers yes or no and then after giving honest answers to honest questions we should make a decision about the future now the current italian government. seems to represent the same position nor to mustique roll over and the discussion must be made as these they are a strong country a

sanctions altogether or can the european union can european countries in fact do business buy oil from iran using the euro. willie could it be they could buy any currency they want but but it's completely inaccurate to say that the r. and b. is now a global substitute for the dollar when it comes to the oil trade. what what is being discussed here is that in shanghai the chinese government has set up an oil futures trading platform in china and this has garnered significant trading volume what is very important to note on this is the important part well suppliers are still paid in hard currency so the transaction will take place such that it will be denominated in side of china in orem be however if you're on it if saudi arabia if anybody else wants to take that money out of china they have to turn turn it into dollars euros whatever they want and so it's completely inaccurate to say the global oil suppliers can you can get paid in in an r. and b. there is the amount of r. and b. outside of china is is is virtually negligible almost zero in the grand scheme of things but most of all th

european capabilities on defense. for instance, the u.s. has one main -- one battle tank and in europe they have 7. it's much less scale, much more costly so if the european corporation can address the european defense industry, that would be good for all of us. but european eu efforts on defense can never replace nato partly because if you look at the figures when uk leaves eu 80% of nato's expenditures would come from noneu allies. so in no way can replace nato. this is not only about money but geography, if you look at geography, in the north you have norway, iceland, north atlantic, in the south turkey and other allies and in the west you have canada, united states and uk and, of course, any credible defense of europe needs those capabilities and also the geography of this allies to be effective in defending europe, so, yes, i believe in stronger european defense, i believe in stronger eu efforts on defense but not as alternative but something which is complementing nato. >> last time the nato strategic concept wa

european values prime minister viktor orban accuses the e.u. of blackmail. and people in the southeast of the united states are bracing for the worst hurricane in six decades almost two million residents have been ordered ordered by still evacuated as the storm barrels towards the carolinas and virginia . i'm sumi so much drama good to have you with us chancellor angela merkel said there is no excuse for using nazi slogans and attacking minorities in german society she was addressing parliament two weeks after demonstrations against migrants by right wing extremists turned violent in eastern germany the largest opposition party the far right a.s.d. accused of ignoring the concerns of people worried about migration one member of the government accused a.s.d. of using fascist language. as angela merkel arrived in parliament today it was already clear that this wouldn't be a normal address to the bundestag at the forefront was the recent far right violence in eastern germany she started her speech with a strong call for a common togetherness again

to take over the european parliament. it might sound like a joke, but it is actually quite worrying if you think that the far right has got into government in italy, the third economy of the eurozone. and, europe is getting very, very nervous about the collision course of the current italian far right government with brussels on financial rules. so it is getting very, very tense in europe. the idea of throwing a lifeline to theresa may might sound appealing, because it would avoid another hardliner in europe, which is not something that anybody wants. that is interesting. do you sense a similar shift? that's really interesting. i think theresa may's scenario points to the fact that there are no strong european governments, they are all facing their own crisis at home. in germany, angela merkel is facing the election in bavaria where her partner in crime, as it were, the csu head, no longer very friendly to her, fights for his survival and so forth. which means that brexit is not agenda issue number one in germany, because

need to understand two hundred fifty days before european elections more and more europeans and actually believe the far rights idea is that there is an actual link between being a foreigner being a syrian refugee or muslim and being a threat to public order and that has been proven wrong not by myself but by the intelligence services of germany by the french police we can definitely see statistically that a refugee is as dangerous as a standard european you can be good you can be bad that is not the issue and as long as what about what about the argument then because the policy of just allowing in large groups of people may not need the economic in to meet the economic interests of countries like germany. while these economies do need people to make up gaps in their workforce they should be choosing the more skilled labor and the types of people that are really needed rather than just allowing everybody in so-to speak. well interestingly the european parliament has already suggested to answer your question a very strong e.u. position welcoming migrants on specific conditions which or th

union report accusing him of undermining democracy as the european parliament debates stripping his country of its voting rights and hurricane florence on a collision course with the east coast of the united states presidents from virginia to south carolina are moving inland bracing for the wrath of a category four storm. and the state of the world economy ten years after the collapse of lehman brothers every learned our lesson analysts say corporate debt has doubled and the wrists are growing as the era of cheap money drawls to a close. it's good to have you with us tonight the turkey is calling on the world to wake up to what is about to happen in syria in the u.s. newspaper the wall street journal turkish. president richard tell you a better one today writes that the entire world stands to pay the price of an assault on syria is it live province and he adds that the consequences of inaction will be immense present to one's morning comes as tens of thousands of people flee it live to escape the syrian and russian forces preparing to take the final rebel stronghold the u.n. says th

we are at the european headquarters in london. european equity markets are making some modest gains this morning. anna: coming out of china. we are going to talk about china and the trade story. china is welcoming u.s. invitations for trade talks. about what is going on with brexit. the european union is said to be gambling on theresa may, making concessions on the irish border. bank of england policymakers believe interest rates unchanged. let's get the story from ralf. no change at the bank of england. what do we watch for? ralf: we never were convinced there was ground-cycling. have indicated growth has lost further momentum. the outlook in the forward-looking indicators looks the weakest it has been since 2016. we have had the first positive signs on wages in quite a while. this is about getting a sense of where the bank of england is in terms of that difficult trade-off. is ousted,eresa may what does that do to guilford? ralf: no idea. >> [laughter] ralf: the brexit theme is difficult from a rates market perspective. you have

of trying to cherry pick its way out of theory european union -- out of the european union. reporter: it all looked so friendly and polite at the outset. there was common interest to come up with a brexit deal regarding britain's future relationship with the european union. but that didn't happen here. it will have to happen at a make or break meeting in a month. the european council president donald tusk rejected the plan regarding the future relationship with the eu. the british would like to benefit from frictionless trait, even though they won't be part of the multinational bloc anymore. tusk threw cold water on what britain oncwants. >> the suggested framework for economic cooperation will not work, not least because it risks undermining the single market. reporter: the eu itself would like to continue having seamless trade with northern ireland. however, the british prime minister rejected that as her government feels it would economically and constitutionally isolate the u.k. she did not hesitate to mention the other scenario. prime min. may: if there is no agreement

the other thing is the european markets of course. you can see the ftse 100 well into positive and the ftse mib that is it for today's show. i'm willem marx. "worldwide exchange" is coming up right now prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. olay regenerist wipes out the competition; hydrating better than $100, $200 even $400 creams. with our b3 complex, beautiful skin doesn't have to cost a fortune. olay. this wi-fi is fast. i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's. >>> it is 5:00 a.m. and here are the five big things that you need to know to begin this monday morning long-time cbs investor le les moonves is out the chairman calling on apple to bring more production back to america. >>> a develop

as european rules are changed. a sovereign state merely being consulted on the rules imposed upon it would not be taking back control. we are told the parliament will have the ability to reject further changes to eu law. yet checkers also says that the uk will, quote, commit by treaty to ongoing harmonization, an area covered by the eu rule book. parliament opposed it in the present, comes on the condition that the eu can impose -- which would impact the temerity to exercise their right, leaving us as a permanent rule taking supplicant without any hope of amending the laws. crucially, accepting the terms of checkers would severely impede the uk's ability to start new trade arrangement around the world and so embrace the chief economic opportunities of brexit. that is obviously bad news for uk, but it also is bad news for the united states. see why, consider the existential battle currently being played out across the world. the battle of ideas between competition led capitalism and state-led intervention, between c

we are not going to leave neither the european peoples party nor the europe for obvious reasons. we are europe that we are the people he does behind hungary government is probably the strongest political party with the most support coming from the people. you can get past consecutive european parliament elections so that it would be absurd to be indicating that we have no place in the european peoples or in europe we go for it changing the rules and be called for what the original meaning. now in new york times columnist as being widely mocked for asking social media to remove a clearly photo shopped image of the heroic donald trump kevin race war and social media giants that they could easily have blocked the image of trump which shows the president supposedly helping victims from the twenty fifth texas flooding we stress that the image had gone viral and has been shared almost three hundred thousand times on facebook however the public has gone to town on his claims noting the absurdity of censoring any ultimate yes. there is is is i'm sorry pathetically laughable by many accou

we're not going to leave neither the european peoples party nor the european union for obvious reasons. we are in europe and we are the people sputnik does behind a hunger in government is probably the strongest political party with the most support coming from the people at fifty percent during the past consecutive european parliament elections so that it would be absurd to be indicating that we have no place in the european beepers body or in europe we go for it changing the rules and we go for every state what the original meaning of europe is instead of leaving you being. a round up of the new. top of the al it all but first a lot international it's time for a documentary called hot race color dawgs. it's hard to imagine decades after the war a nazi doctor was still active and rich in the nineteen seventies crittle had as the chair of its board a man convicted of mass murder and slavery at auschwitz a german company develops a little mite drug that was promoted as completely safe even during pregnancy and it turned out to have terrible side effects what has happened to my baby is a

need to understand two hundred fifty days before european elections more and more europeans and actually believe the far right's idea is that there is an actual link between being a foreigner being a syrian refugee or muslim being a threat to public order and that has been proven wrong not by myself but by the intelligence services of germany by the french police we can definitely see statistically that a refugee is as dangerous as a standard european you can be good you can be bad that is not the issue and as long as what about what about the argument then because the policy of just allowing in large groups of people may not need the economic in to meet the economic interests of countries like germany. while these economies do need people to make up gaps in their workforce they should be choosing the more skilled labor and the types of people that are really needed rather than just allowing everybody in so-to speak. well interestingly the european parliament has already suggested to answer your question a very strong e.u. position welcoming migrants on specific conditions which or that

the european union currently has very strict rules on air passenger rights. if a flight is delayed by three hours or more or cancelled, then you get cash, unless the airline can claim extraordinary circumstances. now, the eu is actually looking at reforming those rules, but the uk government has said that existing standards of air passenger rights will remain in force. what we think we know. the european union is bringing in what i call an online border aimed at non—eu citizens who don‘t need a visa to visit europe. and that is almost certainly the situation that british travellers will be in. it is called the european travel information and authorisation system, and it works like this. you will go online, pay a fee of seven euros, and fill in lots of personal details, including your state of health and any criminal records. your responses will be checked against a range of databases and if you are granted a permit, it will be valid for three years. the european health insurance card has proved extremely popular and the british government says that it wan

it was the same when europeans migration to america its human being is mentally. we're beginning to get cold and those who come to germany are coming to the wrong country if we look at the empty foreign demonstrations in cambridge last week what impression of germany must they get looking at recent events that target all. flushes germany is not the wrong country to come to that it's just that now we're not only in germany but an intellectual hungry too all there are lots of european countries where people are protesting against integration would. it doesn't mean it's the wrong country but i think it's a question of how you communicate this change in society to the population. the question is whether we the media have always done a good job here. you might wish that do we know the background of why so many people flee from their homelands. have we always informed people here about that have we told them for instance who is behind the holes in the congo there is he the congo is such a rich country yet it does so poor why always why did i say that because of the oper

in the european union. are you proposing that italy should take itself out of the eu? but, i guess the key question is, are you prepared to play by europe's rules? we have discussed migration policy, which you say you are determined to change because you will not accept the way it works at the moment. but when it comes to economics and finance as well, we see that your government has an ambitious economic programme based on slashing taxes to the flat tax that you want, your partners have a universal basic income idea, there is commitment to massive, new public spending on infrastructure. all of this suggests that you are not interested in the eu's basic financial budgetary rules, which tell us that a country like italy is running an unacceptably high debt of something like 130% of gdp, which must come down. your plan looks like it will make it go up, not down. you know, there is fear in brussels and in berlin and other european capitals about what italy could do to the eurozone and the european economy. to

proceedings of the rule of law now that would risk them leaving the european people's policy at the european level so basically she always wants to keep them on board whereas the friend to keep him on call has a lot less problems and having a small elite group that takes year of forward ok he is getting a lot of resistance as we heard from max from orbán and salvini let's go back to max in mar say max has been sliding in the polls at home he's seen resignations of some of his top people and this is a very crucial meeting for him in many ways as a. it's always good for him to show on the stage that he is still somewhat the leader of europe a role that he has tried to really take on ever since he got elected last year in the beginning it really seemed like he was the the new king of europe because he was the man with a vision and not afraid to express it but of course this only goes so far especially if you have trouble at home now his troubles at home are very different from those of i'm going to back the approval ratings of machall are connected strongly at least i'm sure i can tell us a fe

european union and the us and its intake for sure. white paper remains the only serious and credible proposition if we if there is no agreement on a deal that is acceptable to the united kingdom the new deal you smoked my working assumption but let nobody be in any doubt with the top. ten we are prepared and we are preparing for the new deal i'm negotiating and i'm negotiation caught in the interests of the british people the atmosphere today and distil day was much better than to go free which may go so do you have you don't want. also coming up tonight the world anti-doping agency today lifted russia's suspension triggering outrage around the world some calling the decision and insult to the world's clean athletes you know the process stinks and it's been extremely shady how it's gone about you know it's why you see outrage by athletes all around the world right now at the possibility that russia could be reinstated under under these circumstances. when. we begin the day attempting to imagine what must be going through the mind of b

sanctions altogether or can the european union can european countries in fact do business buy oil from iran using the euro. willie could it be they could buy any currency they want but but it's completely inaccurate to say that the r. and b. is now a global substitute for the dollar when it comes to the oil trade. what what is being discussed here is that in shanghai the chinese government has set up an oil futures trading platform in shanghai and this has garnered significant trading volume what is very important to note on this is the important part boyle suppliers are still paid in hard currency so the transaction will take place such that it will be denominated in side of china in orem be however if you're on it if saudi arabia if anybody else wants to take that money out of china they have to turn turn it into dollars euros whatever they want and so it's completely inaccurate to say the global oil suppliers can you can get paid in in an r. and b. there is the amount of r. and b. outside of china is is is virtually negligible almost zero in the grand scheme of things but most of al

need to understand two hundred fifty days before european elections more and more europeans and actually believe the far rights idea is that there is an actual link between being a foreigner being a syrian refugee or muslim and being a threat to public order and that has been proven wrong not by myself but by the intelligence services of germany by the french police we can definitely see statistically that a refugee is as dangerous as a standard european you can be good you can be bad that is not the issue and as long as what about about the argument then comes the policy of just allowing in large groups of people may not need the economic in to meet the economic interests of countries like germany that while these economies do need people to make up gaps in their workforce they should be choosing the more skilled labor and the types of people that are really needed rather than just allowing everybody in so-to speak. well interestingly the european parliament has already suggested to answer your question a very strong e.u. position welcoming migrants on specific conditions which or that

>> welcome to bloomberg markets, the european open. we are live from european at -- headquarters. good morning. stocks in asia falling today as investors assess global growth. no end in sight to trade tensions. oil prices jump as a devastating hurricane heads for the american east coast. cash trade is open in 30 minutes time. anna: that u.k. and eu are expected to sign a brexit deal. theresa may faces a threat to oust her. hurricane florence advances. oil and gasoline futures jump with wti crude trading near $70 $70he as the storm heads near the east coast. the msci asia-pacific index in the midst of its longest consecutive drop since 2002. the hang seng falls deeper into bear market territory. matt: good morning. we are less than a half-hour away from the start of european trading. take a look first off that futures. it is going to be a better day here than it has been overnight for asian traders. if you are long stocks. if you are short you might not be thrilled to see these green arrows. this could change because futures trading is relatively light. trade could turn around quic

european concert on t.w. . an unusual friendship. this is the story of paul and. one is a student from cameroon. the other a filmmaker from germany is rather one now likely never be able to say whether he chose me or i chose him whatever the case is this is the story of how many. on europe's most dangerous border. up. what becomes a documentary. my parents sacrificed everything for i can't go back and it . became a story about those seeking refuge. and those ready to help. when paul came over the city from cameroon to berlin and starts oct fourth on d w. u.s. president donald trump has accused china of attempting to interfere in america's upcoming elections trump made the charge as he opened a meeting of the u.n. security council china's foreign minister rejected the allegation saying breaching does not and will not meddle in any country's domestic affairs. you knew so.

european concert on g.w. . oh cut it a little malaysians. are listening to. the fight against illegal logging. david. against goliath and for me to tell everyone what's going on the fight courageous activists claim against the mighty opponent. system because it is nothing. but who will move. the borneo case starts october ninth on t.w. . and unusual friendship. is the story of paul and he. is a student from cameroon the other a filmmaker from germany has read the likely never be able to say whether he chose me or i chose him whatever the case this is the story of how i met. on the most dangerous place. oh what began as a documentary. to provide for parents sacrificed everything for me i can't go back and. became a story about those seeking refuge. and those to help. when paul came over the city from cameroon to berlin starts oct fourth on t w. u.s. president donald trump has insisted he has evidence that china is attempting to interfere in america's upcoming elections but during a news conference he repeated the allegation he made earlier at a meeting of the

pro european country you have seventy five percent of all people who are pro european so they're walking a very thin line and that they that actually europe of course shouldn't be centralized and shouldn't be governed from brussels from or from berlin but they're saying that this is actually the true europe it's with all of holding a strong position while telling the people that until now well and was in ruin that the narrative of what they're using so they believe that if they hold more power they take more power that the country will be actually stronger within the e.u. well in practice of course they are basically ellie and they think there are that they are ok but is it not at the end of the day the e.u. has been quite upset with viktor orban for a few years now but you do get the impression that it was standing by watching things unfold. hungry gets nearly five point five billion dollars per year about four more than four percent of his g.d.p. comes from the e.u. so why did it take any steps before because i mean you can't have the cake and eat it at the same time right the thing is

image over the european elections by destroying the p.p. or at least sex sectioning it in half and with this move from man to favor and the fact that they too are bent seems. that it seems that the program has lost a lot of. allies inside his political family it seems that if you're actually not going to be so easy to crack and meth was actually going to have a harder time. getting the momentum he wanted to gain insight to to gain your connections that martin so viktor orban lost a lot of his allies within the but at home he is very popular he won the elections with quite a landslide if with all these problems with the e.u. and with the uncertainty about how things will unfold in the coming weeks and months just think he will still have such a strong support i think so i think it's the same situation that we have in poland that's the way the works. whatever happens to or been right now so either it is from from the b.p. or is to say for them it's a win and also i've heard mention before a solution possible solution cutting funds for those c

or ri entity european policies have been deteriorating many of the feelings of the population in many member states of europe and the money in people's pocket italy used to be did most pro european country in the union a recent opinion polls has shown more than a half of italians at da what's about to belonging to a bitterly to euro zone this is some president the result feelings are changing frustration is spreading across the country and this is a result is the victory on the general election all five stars and a leak and do you think it's really will leave the european union followed riddle's example no to toll no to toll this government will i'm sure. get closer and closer to the limits of three percent and the rules of brussels there will never overcome them i'm sure and i can predict usually italy is in the news here apart from tragedies is the refugee crisis what do you make of the fact that a country like france which of course supported the bombing of libya has closed its ports to refugees from the wars in which it was involved well it is it is not a secret that in recent tim

the european people's party. so we expect many of those politicians to vote for triggering article seven. so in this case, against hungary. and so that is why our sources here believe that the two thirds majority wilill actually happenn tomorrow, and that article seven will be triggered on wednesday. no guarantees, but it seems more likely than not. brent: that was dw's max hofmann reporting from the european parliament in strasbourg, france. brazil's workers party has replaced a candidate to take over from the jailed lula da silva. former sao paulo mayor fernando haddad. he now takes the reins from the ex-president who reportedly made the decision from his prison cell. lula hopes a groundswell of support following his incarceration will carry haddad to success. he remains very popular. reporter: every morning at 9:00 it is the same routine. followers say good morning to da silva. they had been turning up here for the past five months, convinced the former president has been wrongly imprisoned. they say it is all

banks by up these european banks. >> european banks can do it, they are doing it. you just need some support out of brussels. you need a consolidated single market with respect to capital markets. you need an underlying environment which is supportive of continental banking, rather than country specific taking. -- banking. i suspect non-european institutions will continue to pick up market shares. competition will provide better services for clients here. guy: we are 10 years on, coming up to the 15th of september, from lehman brothers. is the system safer now? you have talked about balance sheets. i'm going to paraphrase something i read a couple days ago. how much has really changed in the last 10 years? have $3 trillion in additional bank capital. we have a significant additional amount of liquidity in short-term and medium-term. leverage levels have been slashed. we have stress tests. the system is different. given the stress tests we have wen in the u.s. and others, can withstand a significant downturn in the business cycle. what i worry about is cybersecurity

days to go are getting low in just over six months until britain the leaders of the european union and his prime minister tourism a says a withdrawal deal isn't science well she writes also the program breck said beneficiaries of the quintessential british bred jaguar wants to run a production in slovakia while in their u.k. factory one thousand jobs will go. i'm chris of coburg good to have you with us now writing in a leading german newspaper. today british prime minister tourism a says the u.k. and the european union are close to agreeing to an orderly breakfast after back said she wants a u.k. e.u. free trade zone for goods including agricultural products but not for services you officials have rejected her plan is cherrypicking may is setting out her case for the future relationship to other e.u. leaders at the south sports summit britain is due to leave the e.u. as early as next march. and for more let's bring in karen jones he's an economist at lancaster university in the u.k. gerund welcome to the program theresa may wants a free trade deal including goods but excluding service

we're not going to leave neither the european people's party nor the european union for obvious reasons. we are in europe and b. are the people sputnik does behind hunger in government is probably the strongest part of the party the most support coming from the people of three percent during the past consecutive european parliament elections so that it would be absurd to be indicating that we have no place in new york and beepers party or in europe we go for a change in the rules and we go for restating what the original meaning of europe is instead of letting your pain. roundup of the news and i'll be back at the top of the hour with more but first of all to international it's been bust. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race in this on all fronts very dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical of god i'm time to sit down and talk. what holds as. we put themselves on the line big get accepted or rejected. so when you want to be president or

in sport we now know where the european football championships will be held in twenty twenty four and we will be here with live reaction to that this is. that's good old sport now here's andy thank you so much as well in the last few minutes germany of won the rights to house the euro two thousand and twenty four football championships the country beats in turkey in a vote held by the european games governing body you wife will be the first time germany's hosted the continent's biggest international football tournament as a unified country it's the false time to keep out of bed for the events rejected now let's turn now for sports correspondent leigh. so why did germany win this song . well the u.i. for president i was on the chair for and said two very strong beds from some very strong football countries but no surprise at all that germany won they were already the favorites going into the evaluation one hundred few days ago and i went out evaluation came back and concerns were expressed by your wife as independent committee about human rights and about infrastructure from that momen

the european closes next. . back, wrapping up the date and the month and a quarter for the european market. wm function on your bloomberg, italy is driving the story in europe. some peripheral contagion and some stocks on the iberia peninsula under pressure but today has been about what has been going on in italy. that is our focus right now. how the major markets are closing, let me show you the numbers. andra day closes coming through right now, closing down the .3%ets, london down by only and germany down by more than -- but the italian market is where the loss is. down by 3.5%. banks, financials have felt the pain from the story out of rome overnight. budget deficit for next year, btp's higher in terms of the yield which has ripple to the financials with unicredit down 7%. generali downh -- by nearly 7%. we have seen some effect in the euro but not as big as you would have anticipated as it has traded lower, pushing up towards the close in europe. a partial reason is the other reason is we saw some week core