still with me is luke hickmore, joe higgins, and diana amoa., totally battered through the week. we wondered when the risk would bite. here it is. are they a buy yet? luke: no. i do not think they are. you could easily say it will be difficult to get a lot of stuff through for italy, and that is right. but we have to get this government off the ground. there will be so much rhetoric from them in the beginning when they get things done, how they will be successful and they will get brussels to support them. it is at 164 over in italy. i want to see 170 or 180. you know, the european sovereign crisis was not that long ago and we could get back to something a bit like that. jonathan: really? luke: a bit like that, but it feels to me it should be 200 to compensate, not 160. jonathan: do think it might be conditioned by an old trading regime to some extent? is risk domination a factor or is it about an increase of btp supplies? luke: it depends on how far brussels comes toward italy. if they don't come anywhere towards italy to help the bank with th

still with me is luke hickmore, joe higgins, and diana amoa.tp, totally battered through the week. we wondered when the risk would bite. here it is. are they a buy yet? luke: no. you can easily say it is going to be tough to get things through. we have to get this government off the ground. there is going to be so much rhetoric from them at the beginning when they get things done and how they will be successful and they will get brussels to support them. it is at 164 over in italy. i want to see 170 or 180. the crisis is not that long ago and we could get something a bit like that. it feels to me it should be 200 to compensate, not 160. jonathan: do think it might be conditioned by a trading regime to some extent? is risk domination a factor or is it about increase d supplies? luke: it depends on how far brussels comes toward italy. if they don't come to help the bank, to help with their massive fiscal spending, it will be brutal. if they come too far and get to italy, spain will look ok and ask why are we going to everything we are going throu

still with me is luke hickmore, joe higgins, and diana amoa.'s totally battered through the week and we wondered when the risk would bite. here it is. luke: you can easily say it is going to be tough to get things through. there is going to be so much rhetoric from them at the beginning when they get things done and how they will be successful and they will get brussels to support them, it is 164, i want to see 170 or 180. that longsis is not ago and we could get something a bit like that. it feels to me it should be 200 to compensate, not 160. jonathan: do think it might be conditioned to a regime at some point during is risk domination a factor or is it about increase supply? it depends on how far brussels comes toward italy. if they don't come to help the , then no, no problem at all. if they come too far and get to italy, spain will look ok and ask why are we going to everything we are going through when italy is getting it from brussels? you will have more risk in europe. jonathan: that is your answer, why would the europeans do it? why wo

jonathan: still with me, joe higgins, and luke hickmore, and diana amoa. really, both know guy really well. a fantastic interviewer, but he barely had to push him. the president volunteered this. he wants to control the central bank. luke: and he was trying to tell us best -- this it was a normal thing and that everybody does that. i was biting my lip all the way through, rather than shouting at the telly. turkey, if you are thinking about em countries and risk, we have seen argentina with 40% interest rates all of a sudden. you know, turkey is not far off in terms of the same problem, the external debt problems they've got. they need to be keeping external investors happy. i'm not sure to one -- erdogan controlling the bank does that. jonathan: does erdogan control the central bank now? is that what we are seeing in turkey? diana: this rhetoric from turkey this is nothing new. we have had this rhetoric from the turkish president for a number of years.