Power, but how will berlin use that power over the next few years . The make up of the next governing coalition has yet to be decided and there are strategic uncertainties as well. How far does berlin want to push eu integration, and how wide could tra ns atla ntic differences become . My guest is david mcallister, a political ally of ms merkel, and chairman of the European Parliaments Foreign Affairs committee. How bold is berlin prepared to be . David mcallister at the European Parliament in brussels, welcome to hardtalk. Thank you. Lets begin with the notion that the European Union has been wrestling with something of an existential crisis for a few years. Do you think the European Union has now emerged from that crisis, or is it still in the middle of it . Well, the last years were not easy for the European Union. Thats obvious. But i think brexit and other incidents were a wake up call for the 27 Member States, and i believe the European Union is now facing towards a better future
To the president ial election. The pound is falling through a three decade low against the dollar, mounting investor concerns that the uk is headed for a socalled hard brexit. This follows theresa mays weekend announcement that britain would trigger its exit from the European Union in the First Quarter of 2017. David our top story is the slide in the pound and the path toward a hard brexit. Joining us from london, guy , and inand jon ferro france we have caroline hyde. What is going on with the pound . Bring us up to speed on the markets. Is this all because of theresa may . Uy basically, we are a lot warmer over here now in the united kingdom. That is probably the message around the world. The town has been bubbled tumbling. We are back to levels we last saw in 1985. We were pretty poor them. It is not summoned to write home about. Financial markets believe we are going to be seeing a harder exit than had been previously priced in. The market has been pushing down toward a 125 level.
Clinton. She canceled a trip to california. Will hillarys health rattle the market . Caroline significant volumes, two and a half times than the usual. The vix shoots up 40 . All eyes on europe. Lights up onros friday on the stoxx 600. Guy let us talk about what is happening around the world. Having some fun with your gm function. This is the best place to start your day. The slider up. Giving you an idea of the scale of the moves. Look, some big market moves. S p down 2. 45. New zealand down 2. 5. Hong kong, two point 82. Showing you what is going on. The futures over there as well. On yours coming through gm and this morning. Let us catch up on everything we need to know. Hillary clinton has canceled a two day trip to california after her Campaign Says she is suffering from pneumonia. President ialc nominee up abruptly left a 9 11 commemoration yesterday and appeared to stumble and need help as she moved to her official vehicle. Her team is evaluating the rest of the schedule. Praxai
Fugitive Assets Recovery and repatriation of illegal immigrants. The two sides will continue the implementation of the 5 point consensus which in 2015 to enhance cybersecurity cooperation including the use of the International Terrorist and tackling cyber crimes. We will counter narcotics cooperation and better protect each others nationals and institutions in their respective countries. As two distinctive countries our two sides may have different views or differences on some issues. This is only natural. The key is to properly handle and manage them. There is far more common interest between our two countries than nirchsz. It is important to respect each others sovereignty and territorial integrity, respect each others choice of development path. As long as the two sides commit to a constructive approach, we can put aside and diffuse differences while at the same time build Common Ground and advance cooperation. We also discussed the International Responsibilities our two koerlds sho
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