dr. schultz, thank you for your insight. look forward to having you in the studio once again. that was dr. martin schultz, senior economist at the research institute joining us in the studio. >>> now let's check on the tokyo markets to see how stocks are kicking off. we will go to ramin mellegard. >> they are pushing greece out of the way. they took some positives out of that. let's see how that is reflected in the nikkei and topix. you can see following through from what we saw on the dow, the nicki 8,734. up 78 points. it it was dragged lower yesterday buyer olympus and other holdings. olympus shares trade limit down dropped nearly 30% yesterday. it was the most heavily traded stock dropping around 15%. now just to tell the viewers, knew more a serves as one of the primary underwriters for olympus, so it was dragged lower after olympus. we will track developments today. let's look at the currency levels as you kickoff stocks this wednesday morning. following on from developments in italy, euro got a slight boost there. still around mid 107 levels. door yen, 77 .70-73. yen gaining a touch there.

dr. martin schultz. he's senior research fellow at fujitsu research institute. dr. schultz, thanks for joining us. first of all, what do you make of berlusconi's intention to step down? >> well the europeans are currently cleaning up their governments. the greek government is on the way out, french is under pressure and mr. berlusconi finally had to resign. this is of course a problem in the middle of a crisis but it is a necessary step to get public support and getting their act together. >> i see, well let's talk about the european bailout fund. the european financial stability facili facility, 1 trillion euros. what do you make of this? >> will it be enough? 1 trillion is impressive and i'm optimistic the europeans will be able to come up with this huge sum. the question is, when the crisis is getting even bigger, when risks are getting bigger, when we lose trust in the incoming new italian government? will this be enough? it will never be enough. what the europeans are doing is producing a leverage. when the crisis gets deeper, the target floats further. they ne