deutsche bursa is thought to be their preferred partner.if the merger goes ahead, it could be the creation of a global powerhouse by the end of the year. >> the u.s. debt crisis continues to worsen. on monday, public debt rose above the legal limit of $14.3 trillion. that means the government can no longer borrow money. with the help of special measures, public institutions will function until the beginning of august but if congress does not raise the debt limit by then, it could trigger a default or new economic crisis. for more news on the markets, let's turn to our correspondent from the frankfort stock exchange. >> the debt crisis in the euro zone and the arrest of the chief of the international monetary fund have been too much for investors. they sold shares and the index tumbled and the euro in pressure. traders are trustful that despite all the problems at the i.m.f., negotiations will continue. highlighted the german stock market have been shares of deutsche bursa surging after nasdaq dropped its bid for the new york stock exchange.

is there any reason it could not be located along pier 1 as opposed to horizontal leave bursas vertically? blacks are you talking about the area that should go between 14th and 22 m behalf? that structure is pier 14, the public what way to the south of the ferry building the. my understanding is that that appear does not have enough strength to be able to support more than the breakwater function is conducting right now. that if you been tempted to hook up to it, docs or other facilities, for the morning of these super-vessels, that you would run into a problem. we have been looking at whether or not the boats themselves need to be that close to shore. the floating docks could be moved out over 100 feet from the shoreline, something that is being examined. >> that would then reduce the amount of dredging needed? >> it would reduce the amount of dredging needed. much of this is driven by operational needs for the large spectator vessels. also, currents in the area. the currents are quite small outside the bright water structure. you would have to take good advantage of the protection that