TROUBLED CONDITION AND IT IS
DOWN ANOTHER 7%.
DEUTSCHE BANK IN REAL TROUBLE
THESE DAYS.
>>> NEWS ON THOSE TARIFFS.
HERE WE GO.
MEXICO SAYS IT IS READY TO
IMPOSE RETALIATORY TARIFFS IN
WE'LL PLACE ON MEXICAN STEEL AND
ALUMINUM.
NIGEL FARAGE WITH US, EUROPEAN
PARLIAMENT MEMBER AND FOX NEWS
CONTRIBUTOR.
YOU KNOW, NIGEL, I BELIEVE THAT
THE EU AND THE UK ARE ALSO READY
TO IMPOSE RETALIATORY TARIFFS.
NINE GEL, THIS -- NIGEL, THIS IS
STARTING TO LOOK LIKE A TRADE
WAR.
WHAT DO YOU SAY.
>> IT IS STARTING TO SEE.
WE TRADE AS PART OF THE EUROPEAN
UNION.
SO HURRY UP "BREXIT" IS ALL I
CAN SAY.
LOOK, TRUMP SAID HE WOULD DO
THIS DURING THE ELECTION
CAMPAIGN.
THE FACT IS THAT THE EUROPEAN
UNION DO PUT A LOT OF BARRIERS
ON AMERICAN PRODUCTS AND
SERVICES COMING INTO EUROPE BUT
I DON'T SEE PEACE TALKS
HAPPENING BETWEEN BRUSSELS AND
WASHINGTON ANYTIME SOON TO BE
FRANK.
STUART: SO IT IS HEATING UP, IT
IS NOT GOING TO BE OVER FOR A
WHILE AND NEITHER SIDE AT THIS
POINT IS BLINKING.
THAT IS THE STATUS AS WE SEE IT
RIGHT NOW?
>> I THINK SO, YES.
STUART: I WANT TO MOVE ON TO
ITALY AND WHAT IS REALLY
ECONOMIC CHAOS DEVELOPING THERE.
NIGEL, I'M NOT SAYING YOU ARE A
POPULIST, BUT YOU'RE A POPULIST
SUPPORTER.
YOU HAVE SUPPORTED POPULISTS
MOVEMENTS THROUGHOUT EUROPE.
>> YES.
STUART: LISTEN TO THE ITALIAN
POPULISTS ARE TALKING ECONOMIC
NONSENSE, ABSOLUTE NONSENSE.
GUARANTEED MINIMUM INCOME FOR
ALL, LOWER RETIREMENT AGE.
WHAT IS GOING ON?
>> THERE IS A BIGGER FUNDAMENTAL
POINT ON THAT.
WHETHER PUSHING DEBT UP
MASSIVELY ON MASSIVE BASIS,
GETTING RID OF PENSION REFORMS,
WHETHER THAT ECONOMICALLY MAKE
SENSE TO YOU OR NOT, DO PEOPLE
NOT IN A COUNTRY, HAVE THE
RIGHT, DEMOCRATICALLY TO CHOOSE
A GOVERNMENT WITH THEIR
POLICIES?
BECAUSE THIS IS THE CLASH.
THE REAL ARGUMENT HERE IS NOT
ABOUT ECONOMICS.
THE REAL ARGUMENT HERE IS THE
ITALIAN PEOPLE HAVE ELECTED THIS
NEW GOVERNMENT WITH THESE TWO
PARTIES COMMANDING WELL OVER 50%
OF THE VOTE AND THEY'RE BEING
TOLD BY UNELECTED GERMANS, YOU
CAN'T DO THIS.
SO ULTIMATELY THIS IS ABOUT
DEMOCRACY.
I SUSPECT THAT WHAT WE'RE GOING
TO SEE IS A COMPROMISE IN THE
NEXT 48 HOURS.
WE WILL SEE A GOVERNMENT FORMED.
MAYBE TO BEGIN WITH THEY WILL
REIN IN SOME OF THEIR EXCESSIVE
SPENDING AMBITIONS.
YOU KNOW DEMOCRACY IS VERY, VERY
IMPORTANT.
STUART: NIGEL, I TAKE YOUR POINT
ENTIRELY.
THIS IS A MATTER OF PRINCIPLE AT
THIS POINT BUT IF THEY DO FORM A
COALITION GOVERNMENT, A POPULIST
COALITION GOVERNMENT, SURELY
NIGEL FARAGE IS NOT IN FAVOR OF
UNLIMITED SPENDING, LOWERING THE
RETIREMENT -- YOU CAN NOT BE IN
FAVOR OF THAT?
>> NO.
LOOK, THIS STUFF ON RETIREMENT
IS MAD.
THE SAME ROUTE "GREASE" WENT
DOWN.
IT MAKES NO SENSE.
IF THEY INSTITUTED THOSE
POLICIES, THEY WOULD QUICKLY
START TO FIND BORROWING MONEY ON
INTERNATIONAL MARKETS VERY
DIFFICULT INDEED.
PARTICULARLY THE EUROPEAN
CENTRAL BANK AS MEANS OF
PUNISHING POPULISTS STOPPED ITS
QUANTITATIVE EASING BUYING
PROGRAM.
SO YOU KNOW QUITE OFTEN
REALITIES OF GOVERNMENT ARE
DIFFERENT THAN WHAT IS PROMISED
DURING A CAMPAIGN BUT WE ARE
SEEING A RESURGENCE OF ITALIAN
NATIONAL IDENTITY, AND I PROMISE
YOU, THIS BATTLE BETWEEN THE
EUROPEAN COMMISSION AND ITALY IS
ONLY JUST BEGINNING.
STUART: YES, I THINK YOU'RE
ABSOLUTELY RIGHT, NIGEL.
IT IS AN EXTRAORDINARY STORY,
THE BREAKUP OF THE EUROPEAN
