:00:00. > :00:17.Plain sailing, or choppy waters ahead?
:00:18. > :00:22.Can Switzerland lead the way for post-Brexit Britain?
:00:23. > :00:29.Greece hosts southern EU leaders as they struggle with migration
:00:30. > :00:42.Also coming up: Samsung's hottest new phone, but not in a good way.
:00:43. > :00:50.The Galaxy seven exploding battery saga continues.
:00:51. > :01:00.We will have the latest advice for you.
:01:01. > :01:02.We are focusing on Brexit, specifically
:01:03. > :01:04.what will Britain's future business relationship
:01:05. > :01:08.Can it limit EU immigration, but still retain access
:01:09. > :01:11.The BBC's economics editor Kamal Ahmed has been
:01:12. > :01:14.to Switzerland to see if they have some of the answers.
:01:15. > :01:18.The Swiss decided more than two decades ago not to join the EU.
:01:19. > :01:20.Since then they've maintained deep business ties with the bloc.
:01:21. > :01:24.They are often held up as an example of how a country can trade
:01:25. > :01:27.successfully with the EU without being in it.
:01:28. > :01:30.But that relationship is becoming much more problematic.
:01:31. > :01:36.Switzerland has 130 different trade deals with EU countries granting it
:01:37. > :01:46.In return it must allow free movement of people,
:01:47. > :01:52.this being the controversial and critical issue.
:01:53. > :01:54.Because in February, 2014, the Swiss narrowly voted to reject
:01:55. > :01:58.that free movement and impose quotas on the number of EU migrants who can
:01:59. > :02:07.Swiss law dictates they must implement that decision
:02:08. > :02:10.within three years, so next February it's crunch time.
:02:11. > :02:12.According to some in Switzerland, this makes the country
:02:13. > :02:16.a natural ally of the UK in their Brexit negotiations.
:02:17. > :02:19.They say the EU must be more flexible on immigration
:02:20. > :02:29.Our economics editor Kamal Ahmed reports.
:02:30. > :02:36.It is a country viewed as quiet, serene, but beneath the picturesque
:02:37. > :02:39.-- picturesque exterior Switzerland has been split by progress over
:02:40. > :02:45.immigration and its open borders with the EU. Concerns are so strong
:02:46. > :02:50.in 2014 it voted against freedom of movement in a referendum. This small
:02:51. > :02:53.country, surrounded by EU member states, has suddenly discovered it
:02:54. > :03:01.could be a player in Britain's Brexit debate. This is the beautiful
:03:02. > :03:04.town that is in the heart of an area of Switzerland that voted most
:03:05. > :03:09.heavily against freedom of movement. It may not look much like Britain,
:03:10. > :03:14.at the concerns here are very similar to those in the UK. Worries
:03:15. > :03:17.about immigration, worries about jobs, worries about who exactly
:03:18. > :03:23.controls the border with the European Union. This woman is the
:03:24. > :03:29.former president of Switzerland and well knows how hard it is trying to
:03:30. > :03:33.negotiate with the EU. It was terrible. She says it is time for
:03:34. > :03:38.her country and Britain to join forces. The European Union is very
:03:39. > :03:45.rigid on the question of freedom of movement and I think if the European
:03:46. > :03:54.Union doesn't integrate diversity inside its institution it will risk
:03:55. > :03:59.to explode. Ladies and gentlemen, we are now arriving at the main
:04:00. > :04:02.station... From Geneva II Zurich to talk to the man who negotiated
:04:03. > :04:06.Switzerland's main trade deals with the EU. Could there be movement on
:04:07. > :04:11.the freedom of movement? I think the basic problem is what I call the
:04:12. > :04:17.binary problem. You are either fully in or fully out and this does not
:04:18. > :04:21.serve the interests, I Inc, neither of the European Union, nor the
:04:22. > :04:28.outsiders. -- I think. I am sure Brexit is sort of a reason for
:04:29. > :04:33.contributing to the debate, whether the EU has to become more flexible.
:04:34. > :04:39.Theresa May knows she is going to need allies if she is going to get
:04:40. > :04:43.the best Brexit deal possible. It here in Switzerland she has a
:04:44. > :04:46.willing partner. I've been told that Swiss diplomats have already been
:04:47. > :04:51.dispatched to London to look at opening lines of complication. There
:04:52. > :04:55.is a willingness to co-operate on limiting the freedom of movement and
:04:56. > :05:00.retaining legal sovereignty and working on those all important trade
:05:01. > :05:04.deals. When it comes to tackling the European Union it does appear that
:05:05. > :05:06.two voices may well be louder than one.
:05:07. > :05:10.Staying with those divisions within Europe,
:05:11. > :05:13.today Greek Prime Minister Alexis Tsipras is hosting a meeting
:05:14. > :05:17.in Athens for the leaders of the Southern members of the EU.
:05:18. > :05:20.We've got Italy, Spain, France, Portugal, Cyprus and Malta.
:05:21. > :05:24.They will be debating the future of the European Union
:05:25. > :05:27.after Britain's vote to go, as well as economic and migration
:05:28. > :05:29.problems that have hit the mediterranean countries hard.
:05:30. > :05:33.Gervais Williams is Managing Director at Miton Asset Management.
:05:34. > :05:42.Good morning. Interesting to be a fly on the wall at that meeting in
:05:43. > :05:45.Athens. What do you think they will be discussing? Economic data for
:05:46. > :05:49.Europe has been pretty disappointing recently, so they will be looking at
:05:50. > :05:52.more economic stimulus. Quantitative easing is already there but they
:05:53. > :05:57.will hopefully be more bond buying. We didn't get back yesterday from
:05:58. > :06:05.the team at the ECB. No, there were downgrades on growth in the central
:06:06. > :06:09.banks in Europe yesterday, in fact it stepped up quantitive easing at
:06:10. > :06:13.this stage. Disappointment, I would imagine? Disappointment.
:06:14. > :06:16.Globalisation is retreating a bit at the moment and that's causing all
:06:17. > :06:22.sorts of tensions. Politically some of the minority parties look more
:06:23. > :06:27.illegible. Some of the challenges facing these economies are so
:06:28. > :06:32.difficult to resolve. Unemployment high, economies are stagnant, trying
:06:33. > :06:40.desperately not to reverse, and yet they have the migration prices for
:06:41. > :06:44.Greece and Italy at the four -- forefront of that. Yes, I think
:06:45. > :06:48.perhaps by getting a group together in the southern European countries
:06:49. > :06:56.they are hoping to get more leverage with the central part of the EU. In
:06:57. > :06:59.the meantime the stronger element in Germany has had weaker data and
:07:00. > :07:04.Angela Merkel is focusing on getting elected again. Yes, we have French
:07:05. > :07:10.and German elections next year. That will be their main focus. To some
:07:11. > :07:15.degree the issues in southern Europe are gaining more support. To what
:07:16. > :07:20.degree do you think these leaders will try to come up with something
:07:21. > :07:23.today? They haven't got anything specific, they just need more growth
:07:24. > :07:27.across the EU period and that's really what is driving it and they
:07:28. > :07:32.are feeling frustrated. Good to see you. Thanks for your time. If we get
:07:33. > :07:34.wind of anything they've been talking about in Athens we will fill
:07:35. > :07:35.you win as the day progresses. Let's talk about Samsung now,
:07:36. > :07:37.because the problems The US Federal Aviation
:07:38. > :07:44.Administration is strongly advising
:07:45. > :07:47.passengers not to turn on or charge their Samsung Galaxy
:07:48. > :07:50.Note 7 smartphones on planes or stow This of course because of concerns
:07:51. > :08:06.about their batteries catching fire. This problem seems to be getting
:08:07. > :08:11.worse, not better? It does. Because we are hearing from Australian
:08:12. > :08:17.airlines, Qantas and Virgin, not to charge or use their phone during
:08:18. > :08:21.flights, alongside the US warning. Samsung recalled the phone last week
:08:22. > :08:29.after reports emerged that the device exploded. We saw the picture
:08:30. > :08:33.of it there. All of this comes as the world's largest smartphone
:08:34. > :08:37.recalls the 2.5 million units that it shipped out. Samsung says battery
:08:38. > :08:42.problems were behind the phones catching fire, but it was difficult
:08:43. > :08:48.really to work out which phones were affected amongst them. And following
:08:49. > :08:51.Samsung Australia's recall of the Samsung Galaxy Note 7, Qantas as
:08:52. > :08:55.well has said passengers shouldn't have them on during the flight or
:08:56. > :09:01.check them in. The phone was launched just last month. It has
:09:02. > :09:04.otherwise been well received by consumers, but certainly this is
:09:05. > :09:07.something that people will have to worry about. Thank you so much.
:09:08. > :09:13.Let the squeeze in a few more stories.
:09:14. > :09:16.US bank Wells Fargo has been fined $185m for illegally opening accounts
:09:17. > :09:20.The cash will go to regulators while the bank will also hand
:09:21. > :09:23.The regulator accused it of "widespread illegal practice"
:09:24. > :09:25.around account openings, sales targets and compensation
:09:26. > :09:33.Online accommodation site Airbnb is introducing a new policy
:09:34. > :09:37.to combat reports that black people are less likely to get rooms.
:09:38. > :09:39.The move includes reducing the prominence of photos,
:09:40. > :09:43.introducing new technology, and asking users to sign
:09:44. > :09:47.A study last year found that people with names that suggested they were
:09:48. > :09:53.Many customers have also complained about the issue.
:09:54. > :10:00.That is something we will look at in the papers when we review the press
:10:01. > :10:04.in about... A couple of minutes. See you then.