what is greece up to? answer the question. what i want to say... asa answer the question. what i want to say... as a minister, if greece was exercising that kind of veto on a key human rights expression because ofa key human rights expression because of a desire to win chinese investment, would that concern you? you are drawing that conclusion. not just me, across europe. maybe they have that consideration. it's not only that... what other conceivable consideration for greece to isolate itself from 27 other eu members on a key expression of disquiet about china's human rights record, what other considerations other than economic? i do not know enough about the chinese human rights issues. you said they must have been other considerations. you are drawing a conclusion and i am not ready to accept it because i do not know enough about it. i don't know something about it, why would i answer? why would i agree? you told me there are other considerations.” me there are other considerationslj don't me there are

there are significant investments taking place in greece and therefore, greece is on the road to recovery national community has confidence in greece? i absolutely believe that. so you saw the annual report from ernst and young for 2016 which suggested that still greece is in the bottom quartile in terms of the investment climate comparing all european countries? i am giving you what i have observed in the last week in my visit with many investors. that's anecdotal, i'm talking about statistics. i'm looking at individuals who have made investments. there are serious investments that have taken place in greece. have you looked at your fdi figures compared with other european nations? they are extraordinarily poor. i've looked at the fdi figures between this quarter, the previous quarter, and i see a growth, that's what i see. from an extraordinarily low base. but it's growing. that is what i'm interested in, it's growing and it will grow faster. this is what i see out there, this is what i read. therefore, that comes also with actual investments. philip morris, calamos group, blackstone, f

if anything the creditors were tough on greece.the next five years and had fiscal guidelines for the next few decades without actually getting the final answer on debt relief so this is completely separate. thank you so much for coming in. we are also in cuba because president donald trump is expected to announce a new policy towards the country during a visit to miami later today. it could see rules on trade and travel tightened once again, and undo significant elements of president obama's agreement with the island. will grant reports from havana. after almost three years of the us policy of engagement with a great three, president trump is now expect it to unveil a new approach —— cuba. every year since 2014 has seen record numbers of visitors to the island thanks in no small part to the number of us citizens who have come here, both via direct flights and by sea on cruise ships. mr trump may choose to limit the number of categories under which they can come here, including the broad term people to people exchanges, all put limi

should greece be in the eu? a feeling that "oh, if we go out of the european union we are lost." we are as people ready to risk to go in another direction because this direction doesn't work for us. >> anthony: nobody's suggesting we return to an agrarian wonderland where we are all going to farm together and live in a commune, right? >> woman 1: why not? >> anthony: you like this idea? >> woman 1: yeah, why not? >> woman 3: some of us will, some of us. >> anthony: if i put a yogurt in the refrigerator, and i put my name on it, "tony," and someone takes a bite out of it, i've got a problem. >> woman 4: really? >> anthony: yeah, this is why i don't live in a commune. >> woman 1: because someone will -- is taking my yogurt? >> woman 4: yeah, but if you didn't have a yogurt you would like to eat from someone else's. >> anthony: and i will. [ laughter ] hey you've gotta see this. c'mon. no. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? i

plus, greece gets more loans.fter months of uncertainty, european finance ministers have agreed to 8.5 billion euros for athens. we will go to luxenberg for the details on all that money. we will be here with more business news on the other side of a 62nd break. -- 60 second break. we will be right back. brent: welcome back. our top stories. the death toll in the london 17 with moreen by bodies still inside the building. prime minister theresa may has announced a full inquiry, but anger is growing over why the building burned so easily. "the washington post" is reporting that special counsel robert mueller is now looking into special criminal conduct -- into possible criminal conduct by president donald trump. mueller has requested interviews with intelligence officials. investigators are looking into whether the president obstructed justice by asking former head of fbi james comey. president trump has described the investigation as a witch hunt. we need to talk a little bit about this. i am joined now by john. he

the big talking point was greece yesterday. >> yeah. that's right on the greece side of things, there was a positive development with this latest amount of money being released, 8.5 billion euros that will allow the greeks to enjoy their summer somewhat, but said there was quite a lot of work to be done before they could agree on what debt relief would look like. the imf, though they're involved in the final year of this particular bailout, they will not get involved in lending more money unless the europeans can get the greeks to agree on the debt relief they're talking about. what we just saw this morning was the british chancellor, philip hammond, walking in with other european finance ministers. he was asked a direct question about british membership of the single market and he completely dodged it refusing to answer the specifics as to whether it was now a guiding principle for the uk that they would or would not remain in the single market at the end of these brexit negotiations clearly wanted to keep his options open following th

maybe another bailout package for greece?after months of uncertainty on greece, european finance ministers have decided to release a hundred billion euros -- 800 million euros of the bailout package. a debate over greek debt relief visited -- pitted them against the imf. the latest payment gets greece enough cash to avoid default. and joining us now from luxenberg is our brussels bureau chief who has been coveringng te talks for us. there we have it but is this a deal that works for all the parties involved? >> christine lagarde said this was only the second best option because of the imf would have preferred to have a debt relief committed to it by the u.s. finance ministers but the imf is formrmally on boarard. that is what the germans wanted but they are not going to contribute any funding. i asked the german finance minister is this did not violate these areas of the whole program that was intended from the beginning. >> it is a small change compared to what was agreed on in the beginning. we do not have to use of the ent

the red is greece's debt level over the past decade. the size of the economy, everything the country produces. the debt is currently some 180% of gdp one of the highest levels in the world, and a number athens has struggled to cut. that's why greece has been insisting on debt relief, which may now happen next year. imf boss christine lagarde says a write—off is the only way greece will ever get back on its feet, and has been refusing to get involved without it. german finance minister wolfgang schaeuble has been amongst those insisting the debt must eventually be repaid in full. the chairman of the eurozone finance ministers‘ group is optimistic there could soon be an end in sight. overall i think this is a major step forward, i commend the euro group institutions, the greek authorities and foremost of course the greek people for their intense efforts and resolves. we are now going into the last year of the financial support programme of greece, we will prepare an exit strategy going forward to enable greece to stand on his own feet aga

one of the agreements disappointments for greece was that the i.m.f. refused to regard their debt load as sustainable because of backers that still blocked from entering the european central bank's asset purchase program which is something that would cut borrowing costs overall the greek economy is in a much better place now than it was just a few days ago but beyond the government the rest of the population isn't feeling as optimistic about the new deal. you know what's interesting about that is the greek finance minister says that we don't want the perfect to be the enemy of the good one of the people saying because they seem to have a problem with every single thing that comes in the pipeline granted none of it's easy they can't be smiling on this and they're not i mean the way the public has reacted so far they're basically complaining about the same things that they've been complaining about for the past few weeks that we've been anticipating this deal which is they don't support the tax increases of course and they don't want the cuts to their pe

if that does not happen, you have a real problem with greece staying in the euro with greece not beinge to devalue to stimulate the economy. the debt relief is a grinding process but it really has to happen politically. is the big thing stopping is the problem the german elections? >> absolutely. the german elections. and beyond that, it may still be the german politics. the perception by many in germany of the greeks are freeloading which is not entirely fair but it is there. that politically will be the issue. anna: i have this charge. btb 90. the greek creditors at loggerheads. this is gdp. and the level of greek government debt. you are suggesting that even after the german election, there may not be a softening of this stance. will be gradual and grinding. i am not holding out hope that it will be one big event. if you look back at the history, there is no question that the greeks borrowed too much. it was kind of pushed upon them by the european system at the time. i think the german idea of allocating blame is kind of futile. i think ultimately, this will grind towards a resolut

the red is greece's debt level over the past decade. annual economic output or gross domestic product — everything of value that the country is producing. the debt is currently around 180% of gdp, one of the highest levels in the world. it has struggled to narrow the gap because round after round of austerity demanded by its lenders has steadily weakened its economy. that's why greece has been insisting on debt relief. in other words, writing a big chunk of it off, or at least deferring it. the issue bitterly divides its creditors. imf boss christine lagarde says that's the only way greece will ever get back on its feet and has been refusing to get involved without it. german finance minister wolfgang schaeuble has been amongst those insisting the debt must eventually be repaid in full. but it looks like some sort of debt relief could now be on for next year. full details in 20 minutes time. we are also in cuba, because president donald trump is expected to announce a new policy towards the country during a visit to miami later today. i

plus, as greece's creditors reach a bailout deal with greece, we speak about the finance minister. this is bloomberg. ♪ francine: this is "bloomberg surveillance." let's get straight to the bloomberg business flash. european stocks slumped the previous month, industrywide registrations grew 7.7%, at 1.4.3 million vehicles after plunging in april. this comes after we saw political stability in france helped the sector get back onto the path of recovery. tesco has posted strongest sales growth in years. be analyst estimates. is rising in the face of brexit fueled inflation. exposed sluggish demand for chocolate with a swift growing business such as coffee and health care. ofale of the unit with the $923 million will be the first major strategic decision by ceo mark scheider. that is the bloomberg business flash. francine: now, theresa may is finding herself under mounting pressure this week. on the political front, gerry adams says his party is against any deal between the conservative and northern ireland's democratic in the nest party. -- democratic unionist party. fireandling of t

i think we are looking to greece for a road to recovery. results, wearter will see all the trends are positive starting with the industrial production. the exports have been dramatically increased for the first three months of the year. on theall i think we are road to recovery. the imf and the government which givenund 2%, most likely context in the u.s. and other people who are very much interested look like it's achievable and we would be there. >> how important is it that to thegets access european central banks asset purchase program? do you believe that is essential for investors or will they invest in greece without it. is morenk the access symbolic in nature them actual credit. limited to how much credit we can get through a qe program. it's a decision done by an independent institution. i believe based on the expression of interest i have seen, greece will be able to access the markets, even without -- >> with the election of emmanuel macron and france there has been about europeism continuing along reforms, perhaps down the road s

no time to talk about greece but we have heard plenty during the day. very much and good to see. have a good day, that is it from hello there. it looks predominantly dry for the uk for the next three or four days. temperatures will rise as well. but actually through the course of yesterday, we lost temporarily some of the heat. things freshened up behind our cold weather front. we still managed 25 degrees in the sunshine ahead of it. but the fresher atlantic air brought quite a pestering of showers, which continued into the evening but have been easing away overnight, as high pressure's built in. but we're not without weather fronts. there will be very weak weather fronts coming in across parts of northern ireland and western scotland. so it will be a more comfortable end to the night but we will have rather more cloud again to greet us across northern ireland, western scotland. cloud coming and going further south, i think, is really the name of the game, because it will be bright with some spells of sunshine, particularly in southern and western areas

and they provided better terms to greece. means that right now greece has very little debt servicing problems there's no debt overhang in greece for the next five years >> let's bring you up to speed with the top stories trending across the web cnbc's social team scoured facebook and twitter to aggregate the top stories shoe know about top of that list, surprise, mr. president. the ukrainian president is set to drop in on president trump during his visit to washington today. trump was reportedly reluctant to meet with his counterpart details of the meeting were not confirmed until hours before the ukrainian leader's arrival. >>> and job hunters can ask robots for help. google is rolling out an ai job portal it lets users search jobs across every online job board wow. that's it for "street signs. up next is "worldwide exchange." i'm steve sedgwick we'll be back same time tomorrow the future isn't silver suits and houses on mars, it's right now. think about it. we can push buttons and make cars appear out of thin air. find love

the new bailout cash meaning more business for greece?is bloomberg. ♪ nejra: live from london, and new york, i am nejra cehic. vonnie: i am vonnie quinn and this is the european close on bloomberg markets. now, move over to greece big news out of luxembourg with creditors agreeing to reassign half-a-billionaire dollars in the serious bailout loans for athens, finally ending months of uncertainty. the latest news has been the athens stock exchange at the highest level since june of 2016. the question remains, will this the a spark of an investment boom in the country's economy, or even just some interest? for more insight is the ceo of the athens stock exchange, socrates lazaridis. were you relieved that this new bailout, this new deal came through? >> of course. we are waiting for a longer immediately, see, the reaction of the markets as you have mentioned. facing herewe are are organizing our 10th annual so companies are participating and we have an increase of 100%. that includes offers. -- who are you targeting? if you look at the stoc

in our discussions, other european institutions discussions with greece, with the steps greece has takenssing legislation, what is left to be discussed is the debt subject and we hope progress can be made on that in the euro group. principle fromn the imf is on the cards? david: we are open to all kinds of approaches, but yes, we have offered that one way through this would be to use a technique that was reasonably commonly used in the days where indebtedness the banks, the so-called approval and principle rule which was used in latin american debt crisis, i would allow us to approve the program in principle and begin in earnest once the question of debt had been settled. weid: how concerned should be about the u.k. economy given the uncertainty there around the election and brexit? it is for the u.k. and europe to make clear the path forward on brexit. there will have to be discussions on that in the wake of the election and whatever changes there are within government. we certainly understand that this will be a period of uncertainty until the politics are clarified and the way forward

we learned from a forum on facebook that many of the return trips are arranged in greece. from munich, we fly to thessaloniki. at the gate, we strike up a conversation with two syrians on the same flight. bilal and youssef are two brothers from aleppo heading back home. youssef: toward the end, we weren't doing well in germany. all the laws were against us. we stayed 16 months, but only had papers for three months. bilal: my wife and two children are in aleppo. when i learned it's impossible to bring them to germany, i decided to leave. reporter: they wouldn't tell us if they'd already sold their german papers or intended to do so in greece. a couple of hours later, in thessaloniki, we signed onto the facebook forum again, and started chatting with a smuggler. hello, i'm here in thessaloniki with two other refugees. we need to know how to get to the border. the smuggler left a voicemail message. >> this is my cousin's number. call him, tell him habboush sent you, and you want to take the bus to didymoticho. reporter: the next morning, we boarded the bus. it was an eight-ho

debt needst greece's to be more sustainable affordable hand out funds.or the prime minister alexis tsipras, the deal still shows progress. >> we had a decisive step yesterday. it was a decisive step for the exit of the country from this long-term crisis, a clear signal of confidence given towards the markets, and at the same time, a clear commitment was given for the end of the program, the bailouts, in one year from now. that is what matters to the greek people, web suffered great sacrifices with patience and calm. france, president emmanuel macron met with european leaders to reaffirm the shared pro-european views ahead of a european summit next week. after a meeting with the dutch prime minister mark rutte , macron called on european authorities to do more to solve the problem of social dumping, where workers, to work in western european countries. my wish isacron: that we are able to build in the deepest sense a stricter agreement that will allow us to stop social dumping in europe, double respect each country in its specifics. it will pave the way t

the imf commitment to greece was quite small. i'm not even sure greece are necessarily going to use that. so i think the significance was really more of a stamp of approval. again, there's no direct cost to the u.s. or the taxpayers. and we're supportive of the imf although we'll look at our contributions to the imf like we look at all contributions very carefully and making sure we're spending the taxpayers money properly. in the back, yes. >> clarify which entities are being sanctioned because the paperwork that opac sent out includes unity shipping to chinese individuals, does not mention the bank of dandong in that paperwork. so is it four total entities? >> so there's two different actions. there's a fin san action against the bank of dandong and the three sanctions as you've pointed out. >> so we should see a release from which part of treasury? >> you will see fin sen the loss will be released on the bank. >> did you communicate this in advance to beijing? >> again, i'm not making any comments on our behind the scenes how

greece is fine -- greece's prime and asked her, asking the skeptical opposition to wait after the meeting to pass judgment. hoping her's group discussion won't be about that. what i ask of you, the greek parliament is to wait to see what the euro group will be -- will bring. in my opinion anything is possible. we will see next week. >> we will see what that brings for the greek bailout. >> brian quinn with today's business. time now for another check of the top stories. brutal climb onstage. the punishing mountain is 47 kilometers station, up the assent of the final client -- final one. back. was well 50 seconds on port in the general classification. all-cash withoup 2k to go. they had enough place toto victy on the line. thomas losing several minutes. losing on saturday. french kickoff against south africaca on n saturday. in 2016,st ever season losing eight of 12 matches, including a humbling defeat against italy. still expecting to face a huge battle. >> i honestly think we will get a huge battle, but we shouldn't focus on one particular angle. in can often get surprised this level of

so greece would be a hub of energy towards europe what the e.u. backed by germany do they blocked it why because of sanctions because they. can come and now they're doing this north stream turenne which is the second. the main energy pipeline to europe another building a second one germany the germans are fine with it no problem ok. because they have . always they have their energy security that we have now trump so much so it's really kind of interesting is that the you know she's angry at the americans and now the other european countries going to be angry with her because she's putting her country's energy interests above the e.u. she is seemingly the leader of the e.u. in the eyes of the liberal world i think what we see here is a total victory i deal with aggression if i go what you're already konami interests because look which are the most problematic. it's in europe italy and greece they're the most indebted ones so the russian project team which was supposed to supply cheap russian energy to the state it could solve the problems you know

they named her brandy. >> that is a good looking dog. >> greece is a no kill country. so many dogs need rescuing. alet become street dogs and then poisoned. they are happy they were able to get to brandy. she's looking for a forever home. >> she's come into her coat. she's got a nice mane there. somebody needs to take her in. >> i'm sure they will. >> let me translate for you. he's say, hey, everybody, i am a kung fu master. what i'm going to do is put three cooks in my eyes connected to two chains connected to a cart and i'm going to pull it with my eyes. >> if i live, i live. >> not his eyeball. >> not his eyeball but eye sockets. i don't know what he's trying to prove here. he puts one in one eye and two in the other. >> he's using his eye sockets as anchors. >> you see the chain is connected to that cart with three adults on it. now he's going to pull it. >> dang, man. >> come on, brother. >> ain't got to do all that. >> i got dust in my eye and i'm like, help, help, help, nush it out. >> eye lash, eye lash, eye lash. >> he's kind of holding the chain a little bit,

the global economic crisis has increased xenophobia in greece.alentina: "go back home," "go back where you came from." i hear that a lot on the street or the bus. they say that we're taking their jobs away. but we do work they refuse to do themselves. we do the dirty jobs. >> her accent reveals that she's not greek, and she faces prejudice every day. valentina: fortunately, there have been fewer foreigners and refugees recently. >> the neo-fascist political party golden dawn fuels the existential fears of the greek populace and stirs up hatred for foreigners. the party is now represented in the greek parliament, and its supporters target migrants. it got to the point that valentina didn't dare leave the house in the evening. then two young theater directors asked her if she would voice her fears and humiliation on stage. the result is a play called "clean city." valentina rehearsed every evening. her fellow performers come from bulgaria, nigeria, the philippines, albania, and moldova. all work as cleaners in athens. the german-greek directors cam

the imf not recognizing greece's debt is sustainable, it means greece still ineligible for the ecb'sng program. it didn't get everything he wanted out of this meeting. mark: the chancellor is also near you with the u.n. in luxembourg. an interesting tone when he spoke about brexit. very different from the town that prime minister theresa may check during the election campaign. nejra: absolutely. as you know, chancellor philip hammond has become the vanguard for a softer brexit. when he arrived in luxembourg he was talking about pragmatism and cooperation with the eu. he was asked about whether the u.k. might stay in the single market and he said i'm not giving the blow-by-blow account of negotiations but there was a softer tone. i did ask him whether the priority would be more on the economy and jobs, rather than immigration. here's what he told me. >> we're just about to start a negotiation we set out very clearly our desired outcome and the prime ministers lancaster house speech and in the article 50 letter that we sent. it is a negotiation and as we go into that negotiation, clear

can we forget about greece for the summer? >> a lot of people have forgotten about greece.ied about whether greece will start blowing up again and become a market story, i don't think they will. jon: what does it say about europe? byhave so many talking about europe. we have a group of finance ministers to meet to disperse cash. >> classic european solution was not a good phrase. this is a classic european solution. at the end of the day, the not extending payments, but rather cutting the amount to be paid. tradition of year with creditors and extending and pretending. another example. david: is there another issue here that goes beyond greece? as long as they have fiscal union, they don't have one approach. don't they have to reform the entire experiment? >> the european project is a work in progress. and opend open borders would nots, you necessarily worry about fiscal policy. if you have different fiscal policies, you're going to get different movement popping up. we talk about it in terms of greece, but we can also say the fact that germany has surpluses, that germany h

greece needs a new loan to repay this pile of debt due next month.i hope when historians look back at this, they will think this is as bankers as i thi bonkers as i do now. debt, having to borrow money to pay more people back there is something torturous about this i'm sure the economists understand what's going on, as indeed you do. >> i like to think i do a little bit. there's more than 7 billion due next month that's out of a total of 315 billion euros overall that greece still owes. the disagreement may be about sustainability the europeans have pushed back they will look to see if they will reducethe debts to get th imf involved essentially the imf is saying we're not getting involved in the next round of rescues unless you make this more sustainable a lot of european nations say we won't get involved in this res due unle rescue unless the imf does christine lagarde will be here later this afternoon and the finance ministers have to decide whether they can find a compromise, consensus with the european commission, the imf, it's not an easy set o

and that the euro, too many countries in particular greece got the euro and they weren't actually able to cope with it. hence, the disaster, i.e., the whole thing was too rushed. and helmut kohl was very instrumental in forcing the pace on europe. melinda: let me ask you this. certainly the threat of implosion of the e.u. itself, due to brexit, was something that helmut kohl deeply deplored. >> yes. melinda: would different leadership during the past years of crisis have been able to ward that off? >> it's a very difficult question. i think that if one -- it's a question of national governments talking about europe in a way that is understandable to the electorate and in britain, that failed. anand to a certain extent, it failed in germany. because it's always been sold in germany as something which is almost unquestionable being part of the european union, losing one's german national identity, and becoming more european. and the economics have gone hand in hand with that in many -- many ways. seeing that germany has become pre-eminent in economic force in europe. and as you were sayi

it's also 82 at dulles, 830 the at martinsburg this hour, 83 greece at baltimore. if you take a look all up and down the seaboard the heat is disevment stagnant and very much in place we're going to continue to get to see our temperatures boost. tonight we're talking 76-degrees . could see a passing passing storms in the forecast. i'll let you know about that in just a bit and a look at the seven day forecast. >> coming up, congressman steve scalise continues to improve following the shooting in alexandria. details on his recovery as dr.s upgrade his condition when we come back. ♪ ♪ ♪ award winning interface. award winning design. award winning engine. the volvo xc90. the most awarded luxury suv of the century. visit your volvo dealer to take advantage of our midsommar sales event offer. visit your volvo dealer to take advantage for years, fios has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ ♪ we deliver super-fast internet with speeds of 25

maybrexit negotiations amend the attention of the euro elite but greece is still in a painful bailout. we will speak with that country's economy minister during the sour. -- during this hour. toward the close. abigail doolittle is standing by. abigail bank -- abigail: we are looking at major declines heading into the close. a bit of a flip-flop earlier. the dow did put in an all-time high. nasdaq about 2/10 of 1% down.

your costume actually reflect different parts of the greece is that right. >> yes, they do. >> which do each of your costumes represent. >> this costume is from macedonia in the northern part of the greece. >> this is also from northern greece, from the region of upontos. >> each of these costumes does that mean you each do different dances. >> i guess, yeah. each comes with a different dance, i guess you can say. >> wonderful. >> i have to ask you are you incredibly hot in those costumes. >> very hot. >> you were saying they each weigh 5-pound. >> very we havey how long does it take to you get dressed. >> about 25 or 30 minutes. >> it tease a whiley can see that. you look absolutely beautiful. is what the dance you will teach me. >> so this one is probably the most common one that you see at weddings, you'll see here throughout the night many times. >> so if i'm going anywhere greek this is what you need to do. >> you want to know this dance for sure. >> what i will do is, can i give the microphone to one of you and then you can instruct us how we are doing things is that okay. i'm

nejra, is greece happy with this deal? well, that is a different question.re optimistic, but wasn't everything they were asking for? they were asking for the imf to say that yes, the debt sustainability to classify greece that way so that they can get access to the bond buying program. that is where this deal fell short. greek finance minister after the meeting yesterday and asked him about this. what he said was, we did not want perfect to get in the way of good. there is going to be debt relief. it has started with the short-term measures. --re will be more to debt more debt relief at the end of the program. is it as much as we wanted? it isybe not, but something. financehe luxembourg minister also spoke to me. he says everyone is 90% happy with the deal, but i will leave it to you to decide if this was real progress were kicking the can down the road. matt: thanks very much. we are minutes away from the open. and, we look at the movers tesco, as the u.k. growth reports figures that beat estimates. this is bloomberg. the open, seven minutes away. ♪ ♪ "bloo

greece has performed quite well.hing that was required to achieve fiscal consolidation and take the measures necessary for the future. now, we are expecting -- it was the understanding at least -- that we would get some kind of debt relief measures described quite clearly in the proposal. so this is what we are looking , and we hope that we will get them. guy: if we start to see more positive views emerging on this story, how quickly will the greek economy respond?how much damage has been done ? i am curious to see if your membership believes there is kind of pent-up growth available for the economy if some of these big hurdles are cleared. simos: i think the answer lies within the new predictions about growth this year. we were expecting something like a 2.7% growth. now, estimates and projections of forecasts are talking about 1.2, of maybe 21.5%. their lives the damage -- there lies the damage that has been done to the economy. the real economy is a different picture than what the government economics look like. t