in fa ct, unification of all of europe. in fact, it was thought to be dangerous for germans to go it alone as it wear and unite for germans to go it alone as it wearand unite an for germans to go it alone as it wear and unite an unsolved division of europe. so i was apprehensive but the over joy meant of europe. so i was apprehensive but the overjoy meant that of europe. so i was apprehensive but the over joy meant that seized of europe. so i was apprehensive but the overjoy meant that seized all of us, after the show on the 10th of november, a taxi brought me to the bare line wall —— merlin all our optimism did not turn out as we thought. we were disabused of some of our top of what peace and everything would mean. we will come to that in a moment but first, recollections, alexander you wear a man in yourearly recollections, alexander you wear a man in your early 30s, grew up on the other side of the iron curtain did you dance when you saw the wall come down? first of all, i need to say something important. i think the

and europe was about pragmatism, but ideals. so, for me i started to believe in a europe as a kind of solution of most of the continent's problems. and it came true with a succession of... we were all disabused of this because two years after the fall of the war, the war in the balkans began in europe did not appear to be the place where peace would... we will come to that, but stephanie, young generation, same as annalisa, it brought you to europe? same like starting for. i was one of 100 or so americans who got on a plane and moved to prague right after the revolution and the berlin wall came down and spent four years there and went on to moscow and lived there for several years as well. for me, coming at this, the berlin wall is such a strong image but there was so much else going on in the region at the time which overshadows that. it all began in poland around a table that led to elections there. hungary played a huge role, when they turned off the barbed wire fence which allowed some east germans to escape and then the vel

think europe and do you think europe account and it sounded. not today if the u.s. were to pull out or call back 6 actually from its commitments to nato europe would be woefully short of all the key capabilities needed for small scale interventions much less for the defense of europe against a potentially large scale threat from the russian federation so we need to stay together and rebalance the alliance that's where trump has legitimate grievance with the other allies and mccraw should work on strengthening the european pillar of nato rather than taking europe in a totally separate direction let me bring pavel in and ask this question some of the headaches which russia has had with nato expansion is and would any of that be dealt with if we saw a different sort of common european defense arrangement would that deal with the placement of certain u.s. missile systems that say in poland and so on and so forth or ultimately would we see the same sorts of military postures just with a different. oh those are missiles that have been deployed then.

and in europe 20 years ago now are cheaper in europe than in the u.s. >> give us examples. tell us about the prices. >> if you live in the u.s. you probably -- the median household is $68 per month for having broadband access internet at home. the median household in france is $31. in the uk germany is $3235. about half of what american households pay. the same as for yourself on, if you live in berlin, london, paris and madrid you would pay half or less of what you pay today for yourself on plan. >> reno airlines, all of those websites and look at land prices and we see exactly this in price by most airlines in assisting for every two. >> 20 years ago the u.s. had eight major airlines over the country. today only a fourth so they went from 8 - 4 in europe went the other way. 20 years ago we had nationalities owned by the government and not very competitive and once we've done over the cost 20 years is to bring in to force the carriers to get their act together and lower prices. >> which is why today flying is cheaper in europe. >> how widespread is this, is this true gold

the united states in europe's relationship. i get lots of visitors every day from your it's always an interesting experience. on the irish side it was a great grandmother that immigrated. i always asked my german friends where they are from. i guess i'm getting used to but i'm concerned it when they talk about the relationship and i don't view us as having any kind of a difficult relationship i will give you a little antidote in that regard. they want to talk about a number of things we talked about soccer we got down to talk about the issues and as we did with a robust debate which is not favored greatly by the vast majority of people in our congress when we were all done they said to me are we okay? we do a lot of friends i've been married for a lot of years. the relationship between these countries as a whole lot better than a lot of these people's relationship is. yes, we are okay. i'm always a little bit surprised. should we have differences and strong differences. doesn't remain the relationship should go away. the presid

europe is one of the well or rather right now europe is about acquiring one of the most powerful computers in the world the next generation of supercomputers has to be built by us. but europe has got all this scientists and industrial capacity to be competitive in these fields. let's not talk ourselves down. we should not be talked down by others or talk ourselves down innovation needs clever minds but it also requires diversity. it needs freedom to think we have all of that here in europe people want to live here they want to search here and they want to create their future here. we need. a future ready infrastructure with common standards colluding to give it networks and secure clouds for the current and future generations. the rule material for digitalisation is data. every click that we make here in europe we feed algorithms. yet many of them transatlantic rhythms. that then influence our behavior. that's not a good state of affairs. if you did with the g.d.p. are we set the framework for the world. we can. do that now. exist for artificial intelligence too. because we here in europe.

the villa hope there's a labor or hope a long live europe. but we were just watching the incoming e.u. commission president as he left london line addressing the parliament. ahead of a vote on her executive team she was speaking there in english french and her native german talking about gender equality climate change digitization migration just some of the challenges facing the european union today and there as well in strasbourg is your chief and correspondent max off when we can cross straight over to him now max as you have on the line making a call for a fresh start for europe what did he make of that speech. 1st of all it appears that you know she touched or she reached out to the different political groups and gave everyone a little bit of what they wanted to year to the left for example inclusiveness to the right competitiveness and then of course she touched upon her 3 major issues we talked about it earlier her 3 priorities that are reflected in the choices of the so-called beis executive presidents of the e.u. commission one is mak

parisians where they stand when it comes to the relationship between europe and nato does europe need nato yeah i think so yeah before build up of defense. we have to speak up with the russian and to try to bring the europe a bloc efficient between the u.s. and china and russia. nato is obsolete because europe no longer truly has an organized enemy on its territory. i think europe needs to start having its own weapons both political and economic to protect itself europe cannot defend itself without me being alone we don't advance well with help we can move faster and stronger evidently the chasm between opinions on whether or not nato needs europe and vice versa is as wide here in paris as it is within the bloc itself a mortgage donna reporting from paris. but we talked about this with the director of the crisis research institute mark almond he told us that there are a number of disagreements threatening integrity. there are certain tensions between paris and berlin between paris and washington french so that they need to assert themselves and your views for such as a separate pillar

do you foresee that as a role for europe? >> you know, i think we'd be much better off working together on this rather than -- i know mama krr m macron, we all know macron has a vision he'd like france to be the world leader on these various things, and bless him for that thought. i -- he's got to take that wherever he wants to take that, but i think we'd all be best off working together because, look, china's certainly going to do what it's going to do and it's going to take everybody working together. >> absolutely. mike, i'll turn it to you. >> let me ask about impeachment. >> another screen's going to fall and go crash. >> well, according to the constitution -- >> i bet you our audience is thrilled to be the only audience in washington not talking about -- >> yeah, exactly. >> senator, i thought your speech was fantastic. i think you captured accurately the trends in europe. i think that our friends in europe are awakening to some of the same problems we've felt with respect to intellectual property rights. but the proble

need remains the only transformed from others and europe. sit together to meet together to make decisions to go their own issues so great importance what we should say. but his words today were in stark contrast to those of the french president among your mocker on he recently said that the alliance is experiencing a gradual brain death he's done has more. nato heavyweights are converging upon brussels and it's all smiles and pats on the back end a very very v.a.p. guest all the way from the united states the secretary of state might bump aoe himself but behind this facade of handshakes and mutual joy hides a nasty in the block's fabric and that is between the believers in the alliance and heretics who dare question the relevance of the block and this whole aggravation it stems from right here from france when president emmanuel mccrone dared to assume dare to say that the bloke is experiencing and i quote brain death what we are currently experiencing is the brain death of mater only works if the guarantor of the last resort functions as su

and nato does europe need nato yeah i think so yeah before build up of defense. we have to speak with the russian and to try to being the only europe a bloc efficient between the us and china and russia to start having its own weapons both political and economic to protect itself europe cannot defend itself without me being along we don't advance well with help we can move faster and stronger evidently the kassam between opinions on whether or not nato needs europe and vice versa is as wide here in paris as it is within the bloc itself a mortgage down of reporting from paris artsy. director of the crisis research institute mark almond still to see believes there are a number of disagreements threatening data integrity. brought certain tensions between paris and berlin between paris and washington french say that they need to assert themselves and your needs for such as a separate pillar of nato and not be too dependent on the americans but other countries like for instance germany that's often seen as a copartner axis with france running the e.u. is rather worrie

so europe is becoming more and more aware what is in europe's interest, and it was sort of make these efforts under that heading, that europe may see certain things differently from its allies and partners. so, for example, in the south china sea sale screws three wat are part of this tour, europe will not sale within 12 nautical miles of chinese occupied features, because in europe's view that is entering into a legal gray zone and europe doesn't wish to do that because they feel that that can make problems when arguing europe is for the rule of law and the rule of base order. that is different from u.s. policies but essentially europe also conducts the freedom of navigation operations that is supportive of the efforts of the u.s. and other countries so while there are differences, i would say they are minor compared to the similarities in terms of objectives of these efforts. so this kind of division of labor that allows europe to have a footprint in the indo-pacific, i think we'll see more and more of in areas where the institutions do not have much formal sovereignty. for example,

the faster europe moves. the greater the advantage will be for our citizens our competitiveness and our prosperity the european green deal is a must for the health of our planet and our people and for our economy runs to months is the right person to make this happen thank you. and i and i'm delighted that he will be supported by cadbury simson. and many others the european green deal is our new growth strategy it will help us cut emissions while creating jobs at the core of it will be in the industrial strategy that enables our business big and small to innovate and to develop new technologies while creating new markets we will be global standard settles this is our competitive advantage and it's the best way to ensure a level playing field. but all of this has to serve the european people they want and expect europe to act on climate and environment but they also need affordable clean and secure energy they need to be skilled to work on the jobs of tomorrow they need to commute to these new jobs or to be co

office prices in europe that are hard for domestic launches to compete with. the distance of an. information it's not a secret. if you search online you'll see that space x. recently sold launches for falcon 9 for $100000000.00 and offer the same rockets to europe for $50000000.00 that's half the price. of fatigue on the board $100.00 applies. the launch costs for ari and $6.00 had to be brought down dramatically by at least 40 percent which is no mean feat. that's why they're relying on synergies . new boosters have been developed and tested they give the shuttle the thrust it needs during takeoff and they will likely be used for europe smaller fake or rocket to swallow. this means they can produce more units which reduces production costs. the operators expect the biggest savings to come from the new production methods like the protective insulation on the upper section. plates used to be glued to the outside of the market by hand a time consuming process. 6 and for the 1st time these components sprayed on by her bot. to mimic like this creates a uniform surface which is import

to eastern europe that he's not really counting on eastern europe to build you up to date he sees that eastern europe is really a different mentality and we've seen it concerning immigration recent concerning the liberalization of workers' permits in different countries there's different talents in eastern europe which is sometimes difficult to control coming from western europe and i think that emanuel macros europe is based mainly on the french european economies and they would like to duplicate that all across europe and just impose their vision of europe to eastern europe and we're just finding that it's very difficult that eastern european countries want to remain sovereign they want to keep being hot democratic countries voting the laws themselves and not having lost coming in from the european commission imposed on them and their men are not going to see this difficult to control them. honest international slammed israeli authorities for banning one of its employees from traveling abroad the human rights organization described the measure is punitive laith adds a palestinian hum

europe and the united states with china. let me say that for our european friends, there's nothing wrong with our relationship. just as president macron said recently, we need to do this together and he was particularly talking to his european brethren. we need to get together in europe and with the united states when it comes to our relationship with china. i couldn't agree more with him in that regard. as far as china is concerned, i can tell you that as i travel around the united states, i look here and see a lot of people who were very focused on these kinds of issues, who educate themselves on these kind of issues. many, if not most people in the united states have no idea of the challenge that we are facing in many respects from china. we had the opportunity to travel in china in 1983. i walked around in china. i thought to myself, you know, this isn't going anywhere. they really had nothing there. didn't look like they were moving in any kind of a direction. it was communism at its finest. and i thought to myself, you

of europe but also showing that europe can work as a unit as a unified whole it's just briefly what about losing sight of hong kong because that's something that europeans agender the moment when the crown goes to beijing tomorrow and there he will have to balance the need to talk about what he called a taboo subject of hong kong with the need to present this as united front and to push for trade so it's a balancing act for him a tricky one if it can and thank you very much what china's showpiece investment in its belt and road initiative is the port of ingrates in europe and foothold for chinese influence in the west in the eyes of washington and it's a you allies the greeks well caught in the middle the greek port of parathas is china's gateway to europe it's the 1st deep sea port that continue ships from asia reach after passing through the suez canal china wants to make it the final destination on its new maritime silk road it spending billions to expand the port for greece in its economic desperation selling parathas represents lots of much needed cash investments and jobs and

and central europe germany and europe could finally grow back together but the values on which europe is built freedom democracy equality and the rule of law and preservation of human rights they are anything but something we can take for granted again and again we must live them we must defend them up and in the future to europe and the last fight for human rights and tolerance for freedom of and democracy and this and times of sweeping technological and global changes this is more pressing the matter before the contribution of the individual may sometimes seems more but we must become discouraged because of this instead we must remember however spirits who said that freedom is like the sea. he said the individual waves may not seem to do much but the power of the tide is. impossible to resist really you know and then with the berlin wall is now relegated to the on ice of history. and now we want to ensure that no wall. in his own separate people again it proves to us that no wall is so high and so strong that we cannot break. spoke and a poem about the wall he said when we created t

the faster europe moves. the greater the advantage will be for our citizens our competitiveness and our prosperity. to get going from the line will have to overcome europe's internal political problems once in office this sunday she'll begin torin european capitals selling her green vision as something quote inclusive recognizing that many countries such as poland and indeed germany still rely on coal for electricity she also needs to tackle countries like hungary which aren't too keen on european values despite being member states she certainly has a big job ahead of her. all day brussels bureau chief mass hoffman was at the confirmation hearings in strasburg we asked him which were the issues member states wanted to fund the line to tackle 1st. it really depends in which country you ask the people and as you mention it there's a new poll out from the bell this month foundation and they say for example that the most important topic for the germans is fighting climate change in other countries like france and

europe and just impose their vision of europe to eastern europe and it's just finding that it's very difficult that eastern european countries want to remain star and they want to keep being hot democratic countries the laws themselves and not having lost coming in from the european commission imposed on them and then i'm not going to see this difficult to control them. and us internationalist israeli authorities for banning one of its employees from traveling abroad the human rights organization described the measure as punitive. of palestinian human rights campaigner last month he was stopped at the border while heading to the funeral of a relative in jordan after holding him for 4 hours israeli forces told him he was then banned from any on would travel they said it was because of serious security considerations and had nothing to do with life's work we got reaction from the campaign room self. unfortunately these security concerns have never been made clear to me the only thing they know is that. the israeli intelligence claims that it's a secret file that they're not going to do

here in europe as well. this explains the very dovish stance from different central banks trying to sustain those inflation -- anna: where do you look to get exposure in the u.s. at this point? small caps had a very strong rally yesterday as we saw all of these indexes doing well. it is the small caps that often outperform. where are you looking for exposure? kevin: what we do in europe, and the u.s. you are looking for mainly.growth stocks we like tech sector, health care sector as well in the u.s.. we are a bit more cautious on the small caps side, because of these unit labor costs and wage inflation background. besides, we are also seeing some tightening credit conditions in the u.s., which is affecting u.s. consumers and small and mid-cap companies. anna: kevin, thanks very much. good to have you on the program this morn. kevin thozet, portfolio advisor at carmignac gestion. he will be continuing the conversation with me on bloomberg radio at 9:00 a.m. london time. we have basic resources as the biggest

and europe in space engineers improves the arreola program complete with profit the challenge of. business business as well. as welcome. is defending its coffee actually in the chinese province of sindh young saying all of its workers that have contracts that it regularly monitors working conditions leaked documents show that the chinese government's maintains detention camps in the region to repress weak is and other muslim minorities critics say about operating factories in the area v.w. and some of the german companies were aiding ethnic cleansing government detention camps allegedly hold a 1000000 ethnic detainees in china's remote province of gin jang beijing as embarked on a development program in the region and german companies are being questioned at home for becoming part of it. volkswagen has a car plant in a room she and chemical giant b a s f has a production site in korea. the w.'s play it employs 650 people the german company says no one is being forced to work and the minorities rights are respected. b.s.f. also says its workers in the region are legitimate and to t

i have spoken to europe about it. i think they should help us with isis, because many of them left france, and they left germany, and they left the u.k. the left different countries. these countries should help us because if they ever did to get released, which we won't be doing, but if they are pretty good release, that's what they want to go. they want to go back to france, germany, and the u.k., and all of the other countries that are not helping us. i gave them the option. would you like to have them back? intelligently, they said no thank you. but that's not right, and is not fair. i can tell you also that turkey captured -- some escaped during the conflict when they had the heavy shooting. i think i know how they happened to escape, but it's one of those things, it doesn't matter, because turkey captured everybody that escaped plus an additional group. when we took over, when i became president, isis was rampant all over the middle east. and as of about a month ago, i think we can say that we have now 100% of th

a more self-assured europe, a europe ready to take its place, also on the global scale. max: is your message, if i read this correctly, to the competition in the u.s. and china, get ready, europe is coming? >> we are coming for our own sake. this is about making europe better for us as europeans. i think in that process, we will also be firm competitors toward the others. phil: the eu's new prime minister speaking to max hofmann in strasberg. now to albania where rescuers are searching for survivors a day after a powerful earthquake. authorities say 30 people are known to have died with hundreds more injured. the magnitude 6.4 event struck about 60 kilometers northwest of the capital. you may fifind some of the imags in this report disturbing. reporter: finding survivors of albania's worst earthquake in 30 years is a slow and delicate operation. but it is yielding results. a man is pulled out of a collapsed building alive in one of the towns hardest hit by the quake. it is around 20 kilometers from the epicenter. but many were not so lucky. earlier in the same town, a ch

wants to sell its natural gas to europe. north stream to pipeline is owned by russian energy concern gazprom the gas it carries is also gas problems but a new e.u. regulation says the pipeline owner and gas provider must be different companies as of 2020 but that would apply to north stream too which is still being built so the german government is claiming that since the pipeline is as good as done it shouldn't come under the looming legislation. the plan is for the 1200 kilometer long pipeline to transport an additional 55000000000 cubic meters of russian gas directly to germany the gas is needed to secure electricity supplies now the country is phasing out nuclear and coal power he you countries as well as the us maintain that a 2nd gas pipeline across the baltic increases europe's dependence on russia. in the u.s. there have been warnings of sanctions on european companies taking part but michelle holmes who's just returned from washington thinks that's unlikely. stream too is a difficult subject for the americans i made

s that affected other people to rebuild europe. they get paid to do that? or they forced to do that? or they volunteer to get out of the p.o.w. camps? >> they didn't volunteer let's put it that way. it's a great question and i wrote an article on this so they know the answer. the p.o.w.'s who are working for quaker's were paid but they weren't allowed to get their money through p.o.w.'s. but the quaker's did and i think it's fascinating. it's wonderful material for people who want to do assertation on this. they sent a team of three people to germany with a pay packet and photographs of the p.o.w.'s. we visited the families and they took the pay and photos and stories and collected information about conditions at the same time and these are in the quaker archives. this is what sort of the quaker mission. a lot of these were not paid for the reconstruction work and they're doing some pretty nasty stuff. >> brief question. was there any aid in germany and i think you did mention something about austria but they were starting to. >> that's a great question. th

europe is almost entirely flat. nejra: great to have you with us. -- stopher jeffreys head of legal investment management. coming up, donnell trump signs legislation supporting hong kong protesters. this is bloomberg. ♪ ♪ from good morning bloomberg's european headquarters in the city of london. i am nejra cehic. this is "bloomberg daybreak: europe." backing the bill. u.s. afterns the donald trump signs legislation supporting hong kong protesters. asian stocks and u.s. futures trade lower but avoid major declines. the pound jumps as a hotly anticipated poll predicts a big majority for boris johnson's conservative party. on the downside. latin american currencies plunge. in the u.s., positive data since the s&p 500 to a record high. today, u.s. markets are closed for thanksgiving. ♪ welcome to "bloomberg daybreak: europe." a little bit of risk off in today's session in asia but also reflected in the futures market after we saw the s&p, dow, and nasdaq hit record highs for a third straight session. it took the d

europe's. meet in spain to discuss how much they want to invest in what kind of projects high on the agenda is the new launch vehicle 6 which cost around $3.00 a half 1000000000 euros to develop for the world will it make european space launches more profitable and compete with the rockets of private space entrepreneurs in the us live long must jeff bezos or the chief branson. europe's new space shuttle is launching into a fiercely competitive market with new financially powerful rifles and it's a biased contest the chinese russians and americans benefit from many public sector orders known as institutional launches which can only be given to domestic rockets this stipulation doesn't apply in europe space x. office prices in europe that are hard for domestic launches to compete with. as address is of interest this is information it's not a secret. if you search online you'll see that space x. recently sold launches for falcon 9 for $100000000.00 and offer the same rockets to europe for $5000000

comes as the strong man of europe. uk is courting brexit, angela merkel is on her way out, spain and italy with weaker governments, emmanuel macron is the strong man of europe >> what's interesting is the eu published a paper labeling china systemic rival and so, how do you square the circle here in that clearly the eu look at china and its growing power with some trepidation but equally respect because they realize this is the trajectory it's going for but at the same time are also trying to foster these relations. how do you draw the line between the two? >> as you said, it's a crucial relationship there's a lot of deals a lot of potential money, growing middle class there. a lot of money that can be done for european companies of course, it's a rival. but they're main trade partners. europe is a main trade partner of china and they have to build this relationship. president macron said it's time for europe to stop being naive roads go both ways, not only about china buying european access we want access to the chine

europe. krishna: u.s. for credit, europe for equities. samantha: allocation, u.s. if you want to be tactical, europe. jonathan: great to catch up with you guys. from new york, that does it for us. we will see you next week same time, same place. this was bloomberg real yield. this is blumberg tv. ♪ ofwelcome to the best bloomberg daybreak middle east. could saudi aramco be worth less? it could be. we dig into the details. would the share sale help wean the saudi economy off its reliance on oil? a study says that will depend on the size of the proceeds and how the government decides to spend it. the track record is not looking great. dubai's property problem continues. house prices down nearly 30% over the last five years. what is the government doing to address the issue?

europe. krishna: u.s. for credit, europe for equities. samantha: allocation, u.s. if you want to be tactical, europe. jonathan: great to catch up with you guys. from new york, that does it for us. we will see you next week same time, same place. this was "bloomberg real yield." this is bloomberg tv. ♪ tom: he is known as the ambassador of silicon valley, speaking to congress and the white house on issues that matter to the tech community, issues such as privacy, regulation, or the $10 million pentagon contract that microsoft just won. having spent 26 years of his career working at microsoft alongside bill gates, steve ballmer and now satya nadella, brad smith had a front row seat to some of the company's biggest milestones. he is now focused on spreading the message beyond microsoft's campus with a new book, "tools and weapons, the peril of the

europe doesn't pay for its defense so don't trump is right about that and has other priorities than europe understandable to the the warsaw pact to be a is this appeared in the ninety's i mean why still keep nato so of course hold the military in the national armies composing nato in europe there are salivating at the idea of the shopping list that they're going to give to germany for example to a k k 2 on the minister of defense new minister of defense germany is accepted again in bolin presence of the of my can pay off for example that is accepted again to pay 2 percent and it will be in a few years that they have reached out level so there will be a huge improvement of european defense potentially wherever it is as you say africa is very important for the moment i mean the french are fighting nearly alone there in mali for the moment with some help but the trickle from the u.k. from belgium from all the armies so the hope is that if europe wants to improve its defense it will not be by looking at russia as an enemy and the letter sent by president putin could well change the face of the

will probably gain points in europe everywhere and he will probably come to a result because this is early 001 proposal of common european defense failed like most of his proposals actually over the last few years they failed miserably and so this one marks exceed one he said that nato was brain dead he had no no substance in the speech really about this but president putin gave him substance that by proposing to discuss by by hand by giving a hand to nato nato had said no we're not interested we can believe in it you can believe in it why don't you discuss it 1st so that's probably what michael is saying this week to worm to the nato general secretary general's stoltenberg who's in paris for that precisely so nato would probably changes this course it's speech about. the russia and the threats that russia could represent ok many many you know that's an interesting point but i mean without you know the russian bogeyman then there's even more doubts about what nato is purposes because the in my mind nato is primary mission is to exist ok that's what they want they have 5000 bureaucrat