i'll turn to smarter people than myself, peter fisher and byron wien, make sense of this. e had this joining at the hip of the euro and u.s. stocks, so which way are you going to lean on this trade this morning? >> i think the important thing that's happening is they're moving closer to a resolution of the european sovereign debt crisis. if you achieve that, you take europe as a key risk for the world markets off the table. that's what you need to do, so ultimately it doesn't get me off my bullish stance on u.s. >> i'm going to hazard a guess one of the other reasons why we're not seeing elation in the markets in response to this is that there's big concerns of implementation. you have agreement on reforms, who is actually going to implement them. would you agree with that? >> absolutely. it's very hard to impose austerity in greece. the work rule characteristics of that country are very inflexible. so i'm apprehensive about how much austerity they can endure but i'm on the positive side of that. if they have too much austerity the chance of them growing their way out of it

it was deeply intimate private byron wien interspace great on the battle of birds and it i think it had explained to them that it could actually be her go i mean she puts. it in here the feats are going to start for me now to go because it's kind of natural not to get a chance to get to the nice beauty. markets aren't going to be tough but it's estimated be one it was going to be true so i think spaniards looks good on you know if you think just the question a lot but not permit you to feel good again. i'm forty we've got a pretty bad connection here i did hear what you have to say but i think we could probably do this but i would bet a sound so we don't mind we'll pause it there for the moment and we'll be back in touch with and hopefully get some more of your thoughts a little later so in the meantime apologies for that but it's not brilliant so i will leave it there for the moment thank you very much and the thanks. check out our website for the nation's updates and analysis it's dot com here's some of what's lined up there for you at the moment is the west sponsoring the russian opp