to help understand how, we are joined now by john authers. senior investment columnist for the "financial times." what does it mean if the party takes control of parliament whether it's an absolute majority or not? >> it means they now have a mandate to do what they have been threatening to do for several years, which is attempt to renegotiate the terms of the bailout in which they received from the european union some years ago. plainly that then opens the issue as they failed to negotiate new terms that they leave the your ozone input there is no question. >> srennivasan: and how does the eu feel about renegotiating a bailout that they begrudgingly accepted a few years ago and have had to make modifications for over the last few years. >> markedly, unenthusiastic as you what expect. the line that came across to "the financial times" reporters in davos is a fairly clear one that they have done enough for the greeks, the greeks may still have 175% of gdp of their overhanging debt. the other europeans say we have still given them a lot of gene