Most influential summit taking place right here in our european headquarters. We are about to hear from the Deputy Government at the bank of england. But first, here is the bloomberg first word news. Ted losses on signs saudi arabia may compromise with iran. The Countries Oil minister gave the strongest indication the kingdom could reach a deal in november. U. S. Government data is forecast to show inventories increased by 3 million barrels. Deutsche bank shares are trading high after it agreed to sell its u. K. Insurance unit to phoenix group. The ceo has told the newspaper that capital is currently not an issue. And accepting Government Support is out of the question for us. The government has come under increased pressure. Payl bank of scotland will claims iton to settle sold faulty Mortgage Backed securities to u. S. Credit unions. The agreement closes lawsuits filed on the half of two credit unions. Rbs has not admitted fault and says the cost is covered by provisions. Two Senior
Better job in explaining why it is important that nations who would like to be taken seriously in the world require military capabilities to be partners in the larger endeavors that confront us. But lets be clear. Its not clear that in this country there is the kind of support we may need for defense spending at large, and it is definitely clear there is no support or no knowledge for nato. Much of our parliamently our congre congressmen and senators dont know much about nato. Most would be surprised that nato continues not only to run the Afghan Mission but have between a third and a half of the troops there from european countries. So we have done not a particularly good job of explaining the importance of nato to our own security, to our own to what it is that europe and nato contribute to what we do day in and day out. So before we start lecturing our european friends about how important it is that they go out and tell their parliamentarians how central nato is and defense spending
Service in washington, moscow and the united nations. To his right, the policy director for the Norwegian Ministry of defense. He served as director general or Security Policy director for the Norwegian Defense since 1995 and in that capacity really became known as the father of nato Security Policy. Its a delight to have you with us. He also served at nato headquarters and is one of the architects of this project that were working on. And the director here at the Atlanta Council who will speak about the terms in the cyber realm. He served as a policy director at the white house, as executive director at Goldman Sachs asia and u. S. Air force Intelligence Officer in the recently published a fierce domain, terrific history of prior conflict in cyberspace. So with that let me come back to you to kick off this discussion given the world that fred laid out what is the relevance of the meaning of deterrence as we look into the future . Thank you for the easy questions that you have posed to
Important it is that they go out and tell their parliamentarians how central nato is and defense spending is, we have a job to do here ourselves. Our interim general scocroft that when were thinking here how to engage in capitol hill that narrative. Ill take the woman in the back. Thanks. My name is trina flocrant. While in washington im at the transatlantic academy. What you said about the nato issue is music in my ears. I just wish it had been said by the defense and Deterrence Program or defense and deterrence posture review whats going on. Because one of the things that was very apparent during that time was the silence from and i know that you as ambassador could probably not say what you said now, but from an american perspective, there was very little said to actually push the europeans in that direction you just outlined. I can say this because im a european. I think without the americans taking the lead, and quite frankly, lecturing and pushing the europeans on issues like thi