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Our allies. one of the reasons why presidents trump said nato is obsolete is that what we are talking about many politicians in europe that president macof course have called particularly after this remark for united u.p.a. in defense cooperation some even say the u.p.a. needs its own army do you think that the european army would complete compete with nato for resources so nato is the best organization for collective security but what we've always needed and wanted is of course a strong european pillar inside the alliance and i think what i have read about this european defense identity actua...

In our allies. one of the reasons why presidents trump said nato is obsolete is that what we're talking about many politicians in europe that president mccall force have called particularly after this remark for united u.p.a. in defense cooperation some even say the u.p.a. needs its own army do you think that the european army would complete compete with nato for resources so nato is the best organization for collective security but what we've always needed and wanted is of course a strong european pillar inside the alliance and i think what i have read about this european defense identity act...

Leadership of a doctor from the line and they have been as councillor and. i have huge confidence in our allies. one of the reasons why presidents trump said nato is obsolete is that what we're talking about many politicians in europe that president mccall force have called particularly after this remark for united u.p.a. in defense cooperation some even say the u.p.a. needs its own army do you think that the european army would complete compete with nato for resources so nato is the best organization for collective security but what we've always needed and wanted is of course a strong europea...

They do improve efficiency. there's also the argument the private equity guys will tell you they revolutionized management across the land because mitt romney came in and taught people about how to look at a cost curve and project cash flow and do all sorts of analysis that had been cordoned away in the ivy league -- this is a huge knowledge transfer into the boardrooms of america. if that was the case, why -- why don't these deals work out? incentives misaligned? intentions of people running the private equity firms? what's the problem? >> i think the main problem is when you buy a company an...

They do improve efficiency. there's also the argument the private equity guys will tell you they revolutionized management across the land because mitt romney came in and taught people about how to look at a cost curve and project cash flow and do all sorts of analysis that had been cordoned away in the ivy league -- this is a huge knowledge transfer into the boardrooms of america. if that was the case, why -- why don't these deals work out? incentives misaligned? intentions of people running the private equity firms? what's the problem? >> i think the main problem is when you buy a company an...