1 00:00:02,520 --> 00:00:04,880 Speaker 1: Good morning. It's one day, the eleventh of September here 2 00:00:04,920 --> 00:00:07,560 Speaker 1: in London. This is the Blueberg Day Bat podcast. 3 00:00:07,640 --> 00:00:08,960 Speaker 2: I'm Caroline Hepkif and. 4 00:00:08,920 --> 00:00:12,560 Speaker 3: I'm Stephen Carroll. Coming up today, President Biden says China's 5 00:00:12,600 --> 00:00:16,200 Speaker 3: economic challenges make a Taiwan invasion unlikely. 6 00:00:16,520 --> 00:00:20,079 Speaker 1: The UK Prime Minister confronts the Chinese premiere over a 7 00:00:20,200 --> 00:00:22,280 Speaker 1: parliamentary spying arrests. 8 00:00:22,400 --> 00:00:24,600 Speaker 3: And we bring you a special report on the rise 9 00:00:24,680 --> 00:00:27,760 Speaker 3: of the far right in Europe as former fringe parties 10 00:00:27,920 --> 00:00:30,640 Speaker 3: gain electoral support in many parts of the region. 11 00:00:30,960 --> 00:00:33,120 Speaker 1: Let's start with a round off of our top stories. 12 00:00:33,479 --> 00:00:37,160 Speaker 3: President Joe Biden says China's economic headwinds could diminish any 13 00:00:37,200 --> 00:00:41,640 Speaker 3: inclination by Beijing to invade Taiwan. Speaking on a visit 14 00:00:41,680 --> 00:00:44,040 Speaker 3: to Vietnam after the G twenty summit in India, the 15 00:00:44,159 --> 00:00:47,880 Speaker 3: US leader was pressed on the impact of economic challenges 16 00:00:47,920 --> 00:00:49,120 Speaker 3: facing Cheatingping. 17 00:00:49,560 --> 00:00:52,640 Speaker 4: I don't think this kind of couss China to invade 18 00:00:52,680 --> 00:00:55,800 Speaker 4: Taiwan and afectops COI the. 19 00:00:55,800 --> 00:00:58,040 Speaker 1: Same capacity they have had before. 20 00:00:58,280 --> 00:01:00,680 Speaker 3: But as I said, I'm walking. 21 00:01:00,640 --> 00:01:03,840 Speaker 5: To her Chang, so truly we're all better off that 22 00:01:04,000 --> 00:01:04,760 Speaker 5: China does. 23 00:01:04,640 --> 00:01:07,920 Speaker 3: What That's why he hasn't met the Chinese president in 24 00:01:07,959 --> 00:01:10,399 Speaker 3: almost a year by now that the chi Jingping quote 25 00:01:10,440 --> 00:01:12,160 Speaker 3: has his hands full right now. 26 00:01:13,040 --> 00:01:16,600 Speaker 1: While Hijingping didn't attend the G twenty, in India, Prime 27 00:01:16,600 --> 00:01:20,400 Speaker 1: Minister or Andra Modi joined Western leaders in agreeing a 28 00:01:20,560 --> 00:01:23,640 Speaker 1: range of initiatives. The US signs and agreement with India, 29 00:01:23,720 --> 00:01:27,280 Speaker 1: Middle Eastern countries and the European Union aimed at connecting 30 00:01:27,319 --> 00:01:31,440 Speaker 1: them via a network of railways and sea routes. Meanwhile, 31 00:01:31,520 --> 00:01:35,880 Speaker 1: Italian leader Georgia Maloney privately signaled to Chinese Premier League 32 00:01:35,920 --> 00:01:39,560 Speaker 1: Yang that Italy is planning to exit the Belton Road 33 00:01:39,840 --> 00:01:43,480 Speaker 1: Investment Pact that has become a test of her nation's 34 00:01:43,600 --> 00:01:45,280 Speaker 1: relations with the US. 35 00:01:46,080 --> 00:01:48,919 Speaker 3: Treasury Secretary Janet Yellen says she's confident of the United 36 00:01:48,920 --> 00:01:52,120 Speaker 3: States will be able to contain inflation without any major 37 00:01:52,240 --> 00:01:55,080 Speaker 3: damage to the jobs market. Yellen was speaking on the 38 00:01:55,080 --> 00:01:57,520 Speaker 3: plane back from the G twenty Summers, which she attended 39 00:01:57,520 --> 00:02:00,800 Speaker 3: with President Biden former FED chiefs up Tom Comes as 40 00:02:00,840 --> 00:02:04,840 Speaker 3: recent data shows headline inflation dropping without any decline in 41 00:02:04,920 --> 00:02:06,280 Speaker 3: payrolls or a GDP. 42 00:02:07,440 --> 00:02:11,600 Speaker 1: Now, the UK Prime Minister has confronted China's premier at 43 00:02:11,639 --> 00:02:15,959 Speaker 1: that G twenty summage after allegations in Britain of spying, 44 00:02:16,200 --> 00:02:19,359 Speaker 1: which she soon act, says that he raised serious concerns 45 00:02:19,400 --> 00:02:20,760 Speaker 1: with Premier Lee Kyiang. 46 00:02:21,600 --> 00:02:25,320 Speaker 6: What I said, very specifically is that I've raised a 47 00:02:25,440 --> 00:02:28,160 Speaker 6: range of different concerns that we have in areas of disagreement, 48 00:02:28,240 --> 00:02:31,799 Speaker 6: and in particular my very strong concerns about any interference 49 00:02:31,880 --> 00:02:35,160 Speaker 6: in our parliamentary democracy, which is obviously unacceptable. 50 00:02:35,280 --> 00:02:37,920 Speaker 1: Which she soon acts. Tough line comes after a parliamentary 51 00:02:38,000 --> 00:02:42,160 Speaker 1: researcher linked to a number of Conservative MPs has been 52 00:02:42,280 --> 00:02:47,480 Speaker 1: detained on suspicion of espionage related offenses. Now. The suspect, 53 00:02:47,600 --> 00:02:50,600 Speaker 1: in his twenties, was one of two men detained in 54 00:02:50,800 --> 00:02:53,480 Speaker 1: March under the Official Secrets Act. 55 00:02:53,800 --> 00:02:56,280 Speaker 3: The back of Japan Governor Kazuuwaida has hinted that the 56 00:02:56,320 --> 00:02:59,880 Speaker 3: Central Bank is considering ending its policy of negative intro 57 00:03:00,040 --> 00:03:02,880 Speaker 3: rest rates. He told a Japanese newspaper it's possible the 58 00:03:02,880 --> 00:03:05,320 Speaker 3: boj will have enough information by the end of this 59 00:03:05,480 --> 00:03:08,400 Speaker 3: year to make a decision the banks governor, adding that 60 00:03:08,440 --> 00:03:11,160 Speaker 3: the negative interest rate is among the option ending the 61 00:03:11,200 --> 00:03:14,440 Speaker 3: negative interest rates among the options available if prices and 62 00:03:14,520 --> 00:03:17,200 Speaker 3: wages keep rising on a sustainable path. 63 00:03:18,080 --> 00:03:21,840 Speaker 1: Morocco's king has declared three days of national mourning as 64 00:03:21,880 --> 00:03:24,880 Speaker 1: the most powerful earthquake to hit the kingdom in over 65 00:03:24,919 --> 00:03:29,040 Speaker 1: a century killed more than two thousand people. Authorities are 66 00:03:29,160 --> 00:03:33,359 Speaker 1: racing to find remaining survivors after Friday's disaster, but rescue 67 00:03:33,400 --> 00:03:37,119 Speaker 1: efforts are difficult due to the remote location of the epicenter. 68 00:03:37,680 --> 00:03:41,920 Speaker 1: David Whitewick from UK medic which is sending aid workers, 69 00:03:41,920 --> 00:03:44,240 Speaker 1: says the relief effort won't be easy. 70 00:03:44,520 --> 00:03:48,680 Speaker 7: The mountainous area that's been affected, difficulties of access i e. 71 00:03:48,800 --> 00:03:53,840 Speaker 7: Landslide's roads being cut, and widely dispersed populations which probably 72 00:03:53,840 --> 00:03:57,440 Speaker 7: had poor infrastructure prior to the earthquake anyway, and that 73 00:03:57,520 --> 00:03:59,480 Speaker 7: makes things much more complicated. 74 00:04:00,560 --> 00:04:03,640 Speaker 1: The UK has sent sixty search and rescue specialists and 75 00:04:03,720 --> 00:04:07,560 Speaker 1: four dogs to help find survivors. Meanwhile, Morocco's government has 76 00:04:07,600 --> 00:04:12,840 Speaker 1: not officially accepted offers of international help made by the US, France, Turkey, 77 00:04:13,040 --> 00:04:14,080 Speaker 1: Ukraine and others. 78 00:04:14,720 --> 00:04:18,560 Speaker 3: UK's ranters faced years of major price rises and his 79 00:04:18,760 --> 00:04:22,520 Speaker 3: interest rates and regulation bite. The forecast comes after the 80 00:04:22,560 --> 00:04:25,320 Speaker 3: average cost of renting a single room in London increased 81 00:04:25,360 --> 00:04:28,160 Speaker 3: to more than one thousand pounds a month last week. 82 00:04:28,200 --> 00:04:29,839 Speaker 3: Euans Parts reports. 83 00:04:29,920 --> 00:04:32,760 Speaker 8: Average rents could rise by a quarter over the next 84 00:04:32,800 --> 00:04:35,680 Speaker 8: four years as landlords pass on extra costs from steeper 85 00:04:35,720 --> 00:04:39,240 Speaker 8: mortgages and tougher regulation. According to the report by broker 86 00:04:39,279 --> 00:04:42,680 Speaker 8: Hampton's International, Wider House prices are set to fall by 87 00:04:42,800 --> 00:04:46,120 Speaker 8: five percent over the same period when adjusted for inflation. 88 00:04:46,760 --> 00:04:49,360 Speaker 8: London rents could grow even faster in the next two years, 89 00:04:49,400 --> 00:04:53,120 Speaker 8: with more landlords in the capital reliant on increasingly costly mortgages. 90 00:04:53,440 --> 00:04:55,080 Speaker 8: In London, i'm une pots Bloomberg Radio. 91 00:04:56,279 --> 00:04:59,679 Speaker 1: US officials are pushing to help Ukraine, as they warned 92 00:04:59,680 --> 00:05:02,600 Speaker 1: the top time is running out on its counter offensive. 93 00:05:02,720 --> 00:05:06,120 Speaker 1: America's top ranking general, Mark Milley says that there are 94 00:05:06,160 --> 00:05:09,880 Speaker 1: probably thirty to forty five days of good fighting weather 95 00:05:10,040 --> 00:05:13,479 Speaker 1: left before the winter, and Secretary of State Anthony Blincoln 96 00:05:13,600 --> 00:05:17,880 Speaker 1: on ABC News refused to deny the administration wars considering 97 00:05:18,160 --> 00:05:22,040 Speaker 1: sending long range missiles to the country at any given time. 98 00:05:22,160 --> 00:05:24,039 Speaker 4: We're looking and part of the reason that I was 99 00:05:24,040 --> 00:05:27,239 Speaker 4: in Ukraine again was to hear directly from President's Lensky. 100 00:05:27,480 --> 00:05:29,240 Speaker 4: You've just been to the front, to the front lines, 101 00:05:29,800 --> 00:05:33,160 Speaker 4: their perspective on how things were going and what it 102 00:05:33,200 --> 00:05:35,320 Speaker 4: is that they needed to be successful. 103 00:05:36,240 --> 00:05:40,440 Speaker 1: Blincoln also told media that he expected Elon Musk's Starlink 104 00:05:40,560 --> 00:05:44,720 Speaker 1: internet system will be fully available to Ukraine. The tech 105 00:05:44,760 --> 00:05:49,000 Speaker 1: biddylaire has recently said that he refused a Ukrainian request 106 00:05:49,279 --> 00:05:53,479 Speaker 1: to extend the system to cover crimea. Now this caught 107 00:05:53,839 --> 00:05:56,400 Speaker 1: our attention. It's a story that we have been covering 108 00:05:56,480 --> 00:05:59,760 Speaker 1: for you. Of course, the president of the Spanish football Federation, Luisa, 109 00:06:00,440 --> 00:06:03,920 Speaker 1: has finally caved in and has quit. Remember the kiss 110 00:06:03,920 --> 00:06:07,080 Speaker 1: that he gave Jennifer Ermossa on the lips after the 111 00:06:07,120 --> 00:06:12,000 Speaker 1: team won the Women's World Cup enormous FURII. He actually 112 00:06:12,080 --> 00:06:15,200 Speaker 1: faces criminal charges over that now in Spain. But it 113 00:06:15,240 --> 00:06:18,200 Speaker 1: has taken three weeks. It does look like Ribiella's has 114 00:06:18,200 --> 00:06:20,880 Speaker 1: finally basically been isolated and has quit his job. 115 00:06:21,000 --> 00:06:22,920 Speaker 3: I think finally, he's the key word in that sentence. 116 00:06:22,920 --> 00:06:25,599 Speaker 3: How it could possibly have taken this long before he 117 00:06:25,640 --> 00:06:28,080 Speaker 3: made any decisions is sort of almost to be unbelief 118 00:06:28,080 --> 00:06:30,360 Speaker 3: when you think about where the pressure came from. I mean, 119 00:06:30,400 --> 00:06:33,920 Speaker 3: when FIFA themselves had suspended him for ninety days. You know, 120 00:06:34,000 --> 00:06:36,039 Speaker 3: many people were pointing out the irony that a FIFA 121 00:06:36,120 --> 00:06:38,120 Speaker 3: says that they're suspending you things are really bad. 122 00:06:38,760 --> 00:06:46,480 Speaker 1: Yeah, I understand that that irony oft criticized for its decisions. No, absolutely, 123 00:06:46,520 --> 00:06:49,800 Speaker 1: and a muscle rejecting the explanation that reality. I mean, 124 00:06:49,800 --> 00:06:51,719 Speaker 1: it's only a few weeks ago that he gave that 125 00:06:51,800 --> 00:06:55,080 Speaker 1: press conference and said like five times I'm not resigning. 126 00:06:55,480 --> 00:06:56,960 Speaker 1: But now that has happened. 127 00:06:57,040 --> 00:06:59,120 Speaker 3: Yeah. Look, I mean there's the fact that this has 128 00:06:59,120 --> 00:07:01,280 Speaker 3: sparkesuter a national about in Spain and so many other 129 00:07:01,320 --> 00:07:03,880 Speaker 3: parts of the world as well. You know, it has 130 00:07:03,960 --> 00:07:07,760 Speaker 3: brought this issue again to the forefront, and perhaps there 131 00:07:07,760 --> 00:07:11,400 Speaker 3: are you know, even part of a conversation that will 132 00:07:11,880 --> 00:07:13,480 Speaker 3: prove to be lasting and interesting with in. 133 00:07:13,400 --> 00:07:14,000 Speaker 8: Spain as well. 134 00:07:14,080 --> 00:07:17,560 Speaker 1: Yes, but having said that, Spain does have extremely strict 135 00:07:18,920 --> 00:07:22,480 Speaker 1: laws actually around consent in Spain. So that's also partly 136 00:07:22,520 --> 00:07:25,800 Speaker 1: why there are criminal charges, because Spain has been very 137 00:07:25,840 --> 00:07:28,640 Speaker 1: focused on having that legal process. Anyway, a story that 138 00:07:28,640 --> 00:07:29,600 Speaker 1: we've been covering for you. 139 00:07:29,920 --> 00:07:32,680 Speaker 3: Let's turn back now to the G twenty meeting in India, 140 00:07:32,840 --> 00:07:36,000 Speaker 3: leaders managing to agree on a joint statement despite concerns 141 00:07:36,200 --> 00:07:38,160 Speaker 3: that have built ahead of the gathering that with neither 142 00:07:38,240 --> 00:07:41,640 Speaker 3: Cheating Ping nor Vladimir Putin attending the joint declaration, though 143 00:07:41,800 --> 00:07:43,520 Speaker 3: was agreed in the end, even if the lack of 144 00:07:43,520 --> 00:07:46,680 Speaker 3: direct mention or condemnation of Russia having started the war 145 00:07:46,680 --> 00:07:50,119 Speaker 3: in Ukraine has drawn criticism from Kiev. Joining us now 146 00:07:50,280 --> 00:07:54,480 Speaker 3: to discuss as Bloomberg opinion columnist Karishma Vaswani Krishma, great 147 00:07:54,520 --> 00:07:56,480 Speaker 3: to have you back with us this morning to discuss this. 148 00:07:56,560 --> 00:07:58,560 Speaker 3: What did you take away then from the events that 149 00:07:58,560 --> 00:08:00,520 Speaker 3: we had over the weekend at the g T II. 150 00:08:00,840 --> 00:08:04,120 Speaker 2: Well, Stephen, although I hate to admit it when I'm wrong, 151 00:08:04,160 --> 00:08:06,120 Speaker 2: I'm the first to do that, and I don't know 152 00:08:06,200 --> 00:08:08,280 Speaker 2: if you remember, but on Friday when we were having 153 00:08:08,360 --> 00:08:11,200 Speaker 2: this discussion, I said there wouldn't be a communicate, These 154 00:08:11,240 --> 00:08:14,040 Speaker 2: countries wouldn't be able to get together and agree on anything, 155 00:08:14,440 --> 00:08:18,160 Speaker 2: and they did. So, you know, point taking, I'll admit 156 00:08:18,200 --> 00:08:20,880 Speaker 2: when I'm wrong, and I certainly was. I was very 157 00:08:20,880 --> 00:08:23,080 Speaker 2: surprised to see that communicate. I think that's one of 158 00:08:23,080 --> 00:08:25,520 Speaker 2: the major things that came out of the summit for me. 159 00:08:26,120 --> 00:08:27,800 Speaker 2: But I think, you know, we've got to drill a 160 00:08:27,880 --> 00:08:30,840 Speaker 2: little deeper into the language here. The Indians did manage 161 00:08:30,880 --> 00:08:33,320 Speaker 2: to get everyone to sit down and actually get that 162 00:08:33,440 --> 00:08:36,880 Speaker 2: joint statement out, but not everybody was happy with what 163 00:08:37,080 --> 00:08:40,200 Speaker 2: came out of that statement. It had compromised language on 164 00:08:40,280 --> 00:08:43,640 Speaker 2: Russia's invasion of Ukraine that got you know, sort of 165 00:08:43,679 --> 00:08:47,080 Speaker 2: consensus across the board, and got the joint statement across 166 00:08:47,120 --> 00:08:50,440 Speaker 2: the table, if you will, but lots of criticism from Kiev. 167 00:08:50,520 --> 00:08:53,920 Speaker 2: It didn't condemn the war the way the statement did 168 00:08:54,080 --> 00:08:56,280 Speaker 2: last year. And I was at that G twenty in 169 00:08:56,400 --> 00:08:59,960 Speaker 2: Bali where again lots of haranguing about the actual wording. 170 00:09:00,080 --> 00:09:04,440 Speaker 2: But they did manage to condemn the invasion in last 171 00:09:04,559 --> 00:09:08,440 Speaker 2: year's statement, and words do matter because they signify intent, 172 00:09:08,880 --> 00:09:11,480 Speaker 2: and this time around the text removed that reference to 173 00:09:11,520 --> 00:09:15,480 Speaker 2: the aggression by the Russian Federation against Ukraine, which cited 174 00:09:15,480 --> 00:09:18,600 Speaker 2: a UN resolution of course. So yeah, India managed to 175 00:09:18,600 --> 00:09:21,120 Speaker 2: get everyone to the table, and this is being seen 176 00:09:21,160 --> 00:09:24,400 Speaker 2: as a huge diplomatic win for a new Deli. But 177 00:09:24,600 --> 00:09:27,080 Speaker 2: I think actually what it's shown is a global club 178 00:09:27,120 --> 00:09:29,320 Speaker 2: of countries that are more divided than ever before on 179 00:09:29,360 --> 00:09:30,480 Speaker 2: the issue of Ukraine. 180 00:09:30,760 --> 00:09:33,600 Speaker 1: Yes, so a win then in part for India. Do 181 00:09:33,640 --> 00:09:35,720 Speaker 1: you think it was a win for the US. I 182 00:09:35,840 --> 00:09:39,640 Speaker 1: noticed also that Chinese state media basically buried coverage of 183 00:09:39,679 --> 00:09:43,000 Speaker 1: the G twenty, and Li Kyang, the official that they sent. 184 00:09:43,920 --> 00:09:44,199 Speaker 6: Yeah. 185 00:09:44,240 --> 00:09:46,920 Speaker 2: I mean that's not surprising, I think, because you know, 186 00:09:47,400 --> 00:09:52,360 Speaker 2: this was meant to be Shijinping not showing up as 187 00:09:52,400 --> 00:09:54,680 Speaker 2: a way to sort of detract from what was going 188 00:09:54,720 --> 00:09:58,120 Speaker 2: on at the G twenty. If the world's second largest economy, 189 00:09:58,720 --> 00:10:01,760 Speaker 2: the leader has not turned up, But that didn't happen. 190 00:10:01,800 --> 00:10:03,880 Speaker 2: The event went ahead and there was a lot of 191 00:10:03,920 --> 00:10:07,160 Speaker 2: fanfare around the world, global headlines about how this is 192 00:10:07,200 --> 00:10:10,640 Speaker 2: India's moment in the sun, lots of you know, beautiful 193 00:10:10,720 --> 00:10:15,079 Speaker 2: pitches and across newspapers and on TV screens as well. 194 00:10:15,360 --> 00:10:18,800 Speaker 2: But what I really think is worth reflecting on is 195 00:10:18,880 --> 00:10:22,440 Speaker 2: how the Chinese state media has covered this event. And 196 00:10:22,720 --> 00:10:24,960 Speaker 2: there were a couple of headlines that I thought it 197 00:10:25,040 --> 00:10:28,600 Speaker 2: might be worth sharing with you guys. The G twenty 198 00:10:28,679 --> 00:10:32,800 Speaker 2: summit concludes with basic unity and mid rising divergences. That's 199 00:10:32,840 --> 00:10:37,560 Speaker 2: from the Global Times, effectively the mouthpiece of the Chinese 200 00:10:37,600 --> 00:10:40,880 Speaker 2: Communist Party. My favorite this is a brilliant one. Who 201 00:10:40,960 --> 00:10:43,520 Speaker 2: is the spoiler of the G twenty in Delhi? A 202 00:10:43,559 --> 00:10:46,520 Speaker 2: reference to the US that had called Beijing out for 203 00:10:46,640 --> 00:10:49,200 Speaker 2: not attending. So you know, there's some acrimony there. I 204 00:10:49,200 --> 00:10:51,559 Speaker 2: think it's fair to say in a sense that this 205 00:10:51,679 --> 00:10:55,160 Speaker 2: party went on without China and it seemed to do 206 00:10:55,280 --> 00:10:57,880 Speaker 2: quite well. But at the same time, you know, China's 207 00:10:57,920 --> 00:11:00,480 Speaker 2: got some major issues that it's dealing with at home, 208 00:11:00,559 --> 00:11:03,559 Speaker 2: obviously the economy that's slowing down. But the other thing 209 00:11:03,600 --> 00:11:05,640 Speaker 2: that I don't think we talk about enough, and it's 210 00:11:05,679 --> 00:11:09,080 Speaker 2: this idea that the alternative, what the Chinese felt was 211 00:11:09,120 --> 00:11:12,079 Speaker 2: the superior model of governance that they had been sort 212 00:11:12,120 --> 00:11:15,000 Speaker 2: of trying to export around the world pre COVID. That 213 00:11:15,200 --> 00:11:18,040 Speaker 2: really came into question, didn't it. When COVID didn't go 214 00:11:18,160 --> 00:11:20,480 Speaker 2: so well in China and the rest of the world 215 00:11:20,520 --> 00:11:24,000 Speaker 2: moved on before China did. And I think dealing with 216 00:11:24,080 --> 00:11:26,520 Speaker 2: all of that, as well as dealing with what is 217 00:11:26,559 --> 00:11:29,880 Speaker 2: being seen as India's rise and the closer relationship with 218 00:11:29,920 --> 00:11:32,840 Speaker 2: the US, that's very difficult right now for Beijing. 219 00:11:33,960 --> 00:11:37,600 Speaker 3: What should we take away from the commentary, I suppose 220 00:11:37,600 --> 00:11:40,559 Speaker 3: that the language around Ukraine in that Communica. 221 00:11:42,000 --> 00:11:45,840 Speaker 2: Yeah, I think this is the trickiest part of the 222 00:11:46,040 --> 00:11:48,720 Speaker 2: entire G twenty for me. And you know, as I 223 00:11:48,760 --> 00:11:51,559 Speaker 2: mentioned earlier, I think it does show that the global 224 00:11:51,600 --> 00:11:55,200 Speaker 2: community is divided on the war in Ukraine, and I 225 00:11:55,200 --> 00:11:58,439 Speaker 2: think particularly this is very much about real politic. Right, 226 00:11:58,800 --> 00:12:02,360 Speaker 2: You've seen that a Maria needs India on its side 227 00:12:02,480 --> 00:12:05,560 Speaker 2: to counter China's rise in this part of the world. 228 00:12:05,880 --> 00:12:10,199 Speaker 2: It couldn't do that with getting India to get consensus 229 00:12:10,240 --> 00:12:14,360 Speaker 2: at the G twenty given India's relationship with Russia, they 230 00:12:14,400 --> 00:12:16,920 Speaker 2: needed to water down some of that language. So there 231 00:12:16,920 --> 00:12:20,000 Speaker 2: are all these compromises, right, Stephen, that are taking place 232 00:12:20,040 --> 00:12:23,520 Speaker 2: here at a global political level. And I think what's interesting, 233 00:12:23,920 --> 00:12:25,959 Speaker 2: you know, in the next few months, what we'll see 234 00:12:26,040 --> 00:12:28,240 Speaker 2: is the sort of reframing of that war in Ukraine, 235 00:12:28,280 --> 00:12:30,679 Speaker 2: particularly in an election year in the US. 236 00:12:31,080 --> 00:12:31,240 Speaker 5: Yeah. 237 00:12:31,240 --> 00:12:33,640 Speaker 1: Absolutely, I think the phrase that stood out to me 238 00:12:33,800 --> 00:12:37,720 Speaker 1: most members strongly condemned the war. That phrase not repeated 239 00:12:37,840 --> 00:12:40,760 Speaker 1: from the Bali say Mkrishma, thank you so much for 240 00:12:40,800 --> 00:12:44,840 Speaker 1: being with us. Bloomberg opinion columnists Karishma Veswani then taking 241 00:12:44,920 --> 00:12:48,600 Speaker 1: us through well the conclusions from that G twenty gathering. 242 00:12:48,600 --> 00:12:50,880 Speaker 3: Let's turn our attention to Europe next. In a political 243 00:12:50,920 --> 00:12:53,880 Speaker 3: trend that appears to be gaining traction, the popularity of 244 00:12:53,920 --> 00:12:56,920 Speaker 3: the far right is rising in many countries as they 245 00:12:56,920 --> 00:13:01,000 Speaker 3: benefit from voter resentment over the pandemic, the living crisis, 246 00:13:01,040 --> 00:13:04,119 Speaker 3: and the economic toll of the war in Ukraine. Bloomberg's 247 00:13:04,120 --> 00:13:05,840 Speaker 3: been looking at some of the growing support for this 248 00:13:05,960 --> 00:13:09,080 Speaker 3: diverse group of parties. And we've got Andrea Dydick now 249 00:13:09,080 --> 00:13:11,640 Speaker 3: of joining us from Prague with more details on this story. 250 00:13:11,679 --> 00:13:14,480 Speaker 3: Good morning to you, Andrea. When it comes to the 251 00:13:14,520 --> 00:13:17,880 Speaker 3: far right, what does the political picture of Europe look 252 00:13:17,960 --> 00:13:18,480 Speaker 3: like now? 253 00:13:20,320 --> 00:13:24,040 Speaker 5: Good morning. What we're seeing now is a changing picture 254 00:13:24,200 --> 00:13:28,520 Speaker 5: of Europe, a continent where Farrei Party is now placed 255 00:13:28,559 --> 00:13:32,400 Speaker 5: among the top three most popular political groups in almost 256 00:13:32,440 --> 00:13:35,280 Speaker 5: half of the EU. That means nearly half of the 257 00:13:35,440 --> 00:13:39,400 Speaker 5: twenty seven member state and in some countries such as 258 00:13:39,720 --> 00:13:43,280 Speaker 5: Austria or Belgium, the far right could even win national 259 00:13:43,320 --> 00:13:45,240 Speaker 5: elections as early as next year. 260 00:13:46,040 --> 00:13:49,320 Speaker 1: Yeah, and there are two important upcoming elections also in 261 00:13:49,320 --> 00:13:52,120 Speaker 1: Poland and Slovakia. How do you think that the far 262 00:13:52,280 --> 00:13:55,640 Speaker 1: right will influence those elections? These are two EU member 263 00:13:55,679 --> 00:13:57,920 Speaker 1: states exactly. 264 00:13:58,080 --> 00:14:01,600 Speaker 5: Poland is the biggest country in Europe's East. And what 265 00:14:01,640 --> 00:14:04,760 Speaker 5: we're seeing, based on national polls that the far right 266 00:14:04,840 --> 00:14:10,640 Speaker 5: party called Confederation is rising and is at fifteen percent support. 267 00:14:10,720 --> 00:14:11,000 Speaker 7: Now. 268 00:14:11,679 --> 00:14:14,560 Speaker 5: The fire right has though ruled out becoming part of 269 00:14:14,559 --> 00:14:18,880 Speaker 5: our ruling coalition government there, but still just the fact 270 00:14:18,880 --> 00:14:22,720 Speaker 5: that it's raising rising in popularity. It could mean that 271 00:14:22,880 --> 00:14:25,280 Speaker 5: we may be looking at a rerun of elections in 272 00:14:25,360 --> 00:14:29,680 Speaker 5: Poland if the party continues to slip or rise in 273 00:14:29,760 --> 00:14:34,200 Speaker 5: polls and affect politics there. In Poland's southern neighbors Slovakia, 274 00:14:34,640 --> 00:14:36,960 Speaker 5: the fire Right could end up in the ruling coalition 275 00:14:38,080 --> 00:14:41,360 Speaker 5: and that would strengthen the main party's resolve to end 276 00:14:41,480 --> 00:14:44,880 Speaker 5: military aid to Ukraine and also push back against some 277 00:14:44,920 --> 00:14:49,600 Speaker 5: of eve's policies on green energy and immigration. Slovakia, just 278 00:14:49,640 --> 00:14:53,080 Speaker 5: like Poland, are members of the European Union and so 279 00:14:53,200 --> 00:14:57,160 Speaker 5: far had been very supportive of the unified approach of 280 00:14:57,240 --> 00:15:02,320 Speaker 5: the EU in the war support in the war Ukraine Andrea. 281 00:15:02,400 --> 00:15:05,200 Speaker 3: Of course, it's in many cases these parties play on 282 00:15:05,280 --> 00:15:08,000 Speaker 3: local issues to win support and grow their support in 283 00:15:08,040 --> 00:15:10,920 Speaker 3: their respective countries. But is there any key thread that 284 00:15:10,960 --> 00:15:15,040 Speaker 3: we can draw but among these countries to explain this trend. 285 00:15:17,160 --> 00:15:21,280 Speaker 5: Well, their many support boosts came through the pandemic when 286 00:15:21,360 --> 00:15:26,960 Speaker 5: these parties offered a different than approach to vaccines to 287 00:15:27,040 --> 00:15:30,960 Speaker 5: the overall on reaction that the EU took. Also, the 288 00:15:31,000 --> 00:15:35,160 Speaker 5: parties have very simple messages of showing that they just 289 00:15:35,320 --> 00:15:40,760 Speaker 5: care about the people their own citizens, and that also 290 00:15:40,800 --> 00:15:45,680 Speaker 5: there's a very strong element of supporting the war in 291 00:15:45,840 --> 00:15:50,520 Speaker 5: Ukraine when these parties say that national governments should first 292 00:15:50,560 --> 00:15:53,400 Speaker 5: think of their own citizens and then helping others. 293 00:15:54,480 --> 00:15:57,200 Speaker 3: This is Bloomberg Daybreak Europe, your morning brief on the 294 00:15:57,240 --> 00:16:00,880 Speaker 3: stories making news from London to Wall Street, and. 295 00:16:00,600 --> 00:16:03,760 Speaker 1: Look for us on your podcast feed every morning on Apple, 296 00:16:03,920 --> 00:16:06,600 Speaker 1: Spotify and anywhere else you get your podcasts. 297 00:16:06,640 --> 00:16:09,680 Speaker 3: You can also listen live each morning on London Dab Radio, 298 00:16:09,720 --> 00:16:12,440 Speaker 3: the Bloomberg Business app, and Bloomberg dot Com. 299 00:16:12,440 --> 00:16:15,240 Speaker 1: Our flagship New York station, is also available on your 300 00:16:15,240 --> 00:16:19,960 Speaker 1: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty. 301 00:16:20,200 --> 00:16:21,520 Speaker 1: I'm Caroline Hepka and. 302 00:16:21,440 --> 00:16:24,120 Speaker 3: I'm Stephen Carol. Join us again tomorrow morning for all 303 00:16:24,120 --> 00:16:26,560 Speaker 3: the news you need to start your day right here 304 00:16:26,600 --> 00:16:32,120 Speaker 3: on Bloomberg day Break Europe.