brandan: michael hansen, that surpluses over the short-term, they are expected to get up to 3.5%. s hard to pull off. michael: over the medium to longer run, is greece in a position where debt sustainability is no longer an issue? brandan: you get two different answers in berlin and one in washington. the imf will contain to say that you will need to do something. halpert onve a -- dan twitter. he had been talking about china devaluation. what is the china devaluation equivalent for greece? what is the movable force, we'll never, never, but? hans: i'm so glad that i get to airy reform.reek d their dairy laws, that is one of the big things. tom: he's better looking remote. dairy reform? hans: those are the big ones. we all like our greek yogurt. these are trench communities, local. an archaic system. think of every time there is a tax increase in this country, what we talk about? the small business owner. analog in greece could be dairy farmers. tom: should we set our calendar for when nichols goes to santorini? brandan: if this works out, we may be out of a job. trips inne santorin

michael hansen is a senior u.s. economist, and jason pride, director of investment also joining us. would you agree with what you just heard from steve leastm leaseman. >> i think this is one steady step toward a rate hike. i don't think it's quite a done deal. we have five weeks of data. and a lot can happen in five weeks. the fact that wages are still a little soft and the inflation outlook is a little concerning is probably the only thing left to be checked off if their view, but i think we've probably in line for a september rate hike. >> suggest not a rate hike until december is goldman. we'll have someone talking about that in a moment. whaus your take on the markets? >> i think we need to recognize that we're seeing something just a little bit over a 50% chance of a rate hike in september. this is nowhere near a done deal, and then secondarily, i think if i were setting in the committee member's seats, i'd be looking at this from a perspective of where is your greatest risk? inflation has yet to show up. wage growth is not there to the degree you normally see it at this point