I yield. Sort of like those people who think it might have been a good idea to let puerto rico be independent, mr. Brooks. Thank you, mr. Chairman. Ive been pondering American History with europe while weve been listening to your testimony and q a back and forth. And it seems after world war ii for 47 years when there was not a European Community our relationship with europe was good. Then we had the eu created seven years worth of phase in and the Euro Currency comes into play in roughly 1999 and now 16 years thereafter and our relationship has been good. So either way, americas relationship with europe has done well with and without the euro. So to me, the European Union issue is more of a focal point for the european nations and they should be the deciders of their fate. And im curious about a comment that was made that the European Union is better for the usa, quote end quote. And my question is, why . What can you share for us that would help convince me that it is in americas bes
House Foreign Affairs on cspan tonight or any time on cspan. Org. As Foreign Affairs subcommittee on europe held a hearing today on the European Union, its future and the u. S. Relationship with eu members the greek financial crisis, and britains referendum vote on the european membership in 2017 led to increased speculation on the future of the eu and how its troubles can impact the u. S. Economy. This is about an hour and a half. Im sure he will be joining us momentarily. Im sure he wont mind if we get some of the formalities out of order. I call to thrd this afternoons hearing on the future of the European Union from a relatively modest idea in the early 1950s for six countries to form a Common Market for steel and coal production. The Super National organization that we now know as the European Union was created. Five and a half decades on it has expanded to including 28 National Governments is and represents over 500 Million People. Taken together, the gdp of the eu is over 18 tri
Be deciders of their fate. And im curious about a comment that was made that the European Union is better for the usa, quote end quote. My question is why . What can you share with us that would help convince me that it is in americas best interest to have a European Union as opposed to not having one in as much as our relationship with europe was good in both contexts . I think i said lets all take a swing at it. The eu whatever its current problems may be, is a Major Economic block in the world and Major Trading partner. Is that good or bad for us if they have collectively xr more strength . A prosperous european economy and european growing is one that american businesses can send and sell more products to and investors can make money investing in europe. Do you have data that shows europe was growing slowing before the eu as opposed to after the eu . In the 1990s in grew quite well as did we. He has had it happened problems since 2008, we recovered more quickly than europe has. Thi
Trade center for a ceremony that began with a moment of silence and reading of the names of the more than 3000 people killed. News 24 hours a day. I am in the chandra. This is bloomberg. Bloomberg technology is next. Emily i am emily chang in this is Bloomberg Technology. Cupertino hits reset. We will discuss the latest phones on tap and other products to be unveiled in just 24 hours. The fallout deepens after one of the biggest data breaches in u. S. History. We break down the ongoing Disaster Management at equifax and the new rules being drawn up for better corporate transparency. Has added thousands of items to its website causing a surge in online sales. The countdown to apples biggest event in years. Worth 800ant now billion is expected to unveil three new iphones on tuesday, including a Premium Model called the iphone x that carries a price tag of 1000. The publicity is a reminder of how much the Company Relies on the iconic gadget which still represents about 62 of sales. We wil
They have dispatched troops to islands in the caribbean. Opposition politicians compared the british response to france, which sent troops and had two frigates in position ahead of the storm. Today marks 16 years since the deadliest attack on u. S. Soil. Survivors gathered at the World Trade Center for a ceremony that began with a moment of silence and reading of the names of the more than 3000 people killed. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. I am emma chandra. Bloomberg technology is next. Emily i am emily chang in this and this is Bloomberg Technology. Cupertino hits reset. We will discuss the latest phones on tap and other products to be unveiled in just 24 hours. The fallout deepens after one of the biggest data breaches in u. S. History. We break down the ongoing Disaster Management effort at equifax and the new rules being drawn up for better corporate transparency. Amazon has added thousan