geraldo rodriguez is head of the emerging market at blackrock. lawrence frank at block rock -- you are serious? this is the problem that a lot of people see, including americans, our different cultures and societies, saying we will play by a different rule book than modern capitalism. can greece get away with that? >> i think not, and the government knows that. it is a game in which they know they have two d lever -- two d lever, but at the same time they have to do delever in parts. during the month of june something has to happen. they have to agree on something. the agreement has to go through parliament, both in greece and in some european countries. that requires some time. we are getting to crunch time and that is the driver of the additional activity that we are seeing. brendan: one indication we are getting closer to crunch time is an increasing sign that people are willing to contemplate the possibility of a greek exit. you have leaks from the german government, christine lagarde refusing to rule it out. how serious are the negotiating tactics? gerardo