mr. schauble in germany. at the same time keeping in line the left wing faction of the governing party. >> the agreements of greece -- european partners. it would be a very delicate balance from now on and wish them luck. >> you wish them luck. what is the point of maximum tension? >> the most important -- from the point of view being a left wing party the labor market from the troika -- independence of -- secondly the product market. doesn't look easy. >> so let's make the assumption that this submission that was made late last night to the eurozone is approved. what happens next? >> as you mention before negotiations with the greek government and the institutions -- completion to have -- of the current review. going for a program with our european partners. >> what are the prospects for debt renegotiation? >> actually if you go back to the statement of euro group in november it was clear measures will be taken to ease greece's -- >> but how? >> i have a feeling that -- >> it is not going to be with a haircu

mr. schauble and later on with miss merkel and find a way. >> mr. tsipras would like to get to be forgiven or restructured. what kind of message would give to other countries that are indebted with financial problems, like spain and to go? could not -- spain and portugal? could not the whole eurozone unravel? >> we have a similar situation in spain. there are strong horses -- forces in the political landscape. we will have elections there too. we have to change it. it is the premise they get to their voters. i think it is -- it is the promise they gave to their voters. i think it is the right thing to do. >> is this reason party -- the syriza party in coalition with the far right party? they disagree on anti-austerity measures. how do you explain that? >> it is a very complicated thing. in our party, we are not very comfortable with it. if you look at the results of the last elections, there was no other alternative. even the past, they made a coalition in 2011 with a much more right-wing party. for me it is important what will be the outcome of the

mr. schauble's tough line.to a tv poll which has just been conducted on a german news channel here in berlin 94% of german voters want mr. schauble to stick to this tough line. and that's because the feeling here in german that there's no point throwing money at the problem. what you have to do is think about the long-term solution. in berlin's minds, the long-term solution is economic reform. that means austerity, how much austerity, how fast that's the big question. but for berlin there's no question of accepting this letter this deal that athens offered yesterday. because there's no commitment in berlin's eyes from athens to firm commitment to push through economic reform. you have to remember of course german voters and the german state have so far put forward 60 billion euros. there's very little appetite here in germany to put more money into the problem, without knowing there'll be a structural reform which will help make greece long-term more competitive. >> thanks very much for the view from berlin. we

mr. schauble himself, the finance minister has his own doubts about -- he's particularly concerned aboutoing to deliver on the economic policy premises that it is going to be negotiating over the course of the next few months. >> four months of negotiations and with a view to producing a new program with more financial support, or at least the dispersement of the financial support has already been agreed. but haven't been handed over to date, and economic policy commitments, which the germans certainly want to be pretty much in line with what the previous government agreed to do. >> just quickly, they could have a battle. the first anti-government protest. because people already, their going against their election pledges. >> the kinds of things they wanted to do they talk about in the campaign are things that will never be agreed by the likes of germany. so i suppose, inevitably, we are going to see a degree of conflict the new governors. now it's shifting a bit towards internal divisions in greece and that was utterly inevitable. >> we'll talk to you very soon andrew walker there. foll

mr. schÄuble second at the top of's remarks she lapsed into english, saying "we agreed to disagree."etty: ok it sounds as if we have lost cause nichols. we will -- we have lost hans nichols. we will try to get him back at the moment. we will have much more and be back in two minutes. ♪ betty: it is 15 minutes past the hour. let's look at our world news headlines. positive economic news from europe. the eu is raising its growth forecast from 1.1% to 1.3%. low oil prices like sports boosting weaker euros -- and experts boosting weaker euros should help the eurozone. secretary of state john kerry is in ukraine as the conflict there is worsening. he is meeting with the president to discuss whether the u.s. will send weapons. finding -- fighting with pro-russian rebels has intensified in recent weeks. the founder of the website is facing life in prison. he was found guilty on all seven counts. the website offered people the chance to anonymously by illegal drugs including with bitcoins. jeb bush may still technically be exploring the possibility of a presidential campaign, but that isn't

mr. schauble. >> thank you so much stefan schneider joining us for frankfurt. >> coming up, we will focusill give you the full story after the break. ♪ >> welcome back to "the pulse." >> hsbc missed estimates and they reported a drop in cell and shares will. anna edwards joins us. let's look at the numbers. not pretty really. >> the stock is down by 5% hitting a 2.5 year low. the revenue coming in at 18.5 billion u.s. dollars below the estimate and down 17% against the last year. what's to blame? a sizable chunk from finds and provisions -- fines and provisions. that's one of the areas where everybody is looking for why the number has disappointed. the company describing 2014 as "a disappointment." they have brought down there equity target as well wringing it down to 10% and it was at 12%-15%. they've talked about some of the reasons, the cost of regulation cost of capital requirements going up meaning they are not able to deliver the return on equity they could. they said 2015 is start in a satisfactory way, the word they use and the business is structurally sound. it is a ceo who gotte

mr. shovel -- schauble does approve the package, it looks like it will sail through parliament. a sure thing. one other note on this. the eurogroup president was coordinating a lot of this back and forth, the finance minister from the netherlands. he expressed confidence this afternoon, saying they would get a deal. he said they are on the right track. the delay is not so much troubling as it is puzzling. everyone is trying to figure out what is actually going on. are there real, serious negotiations taking place? or are they still a long ways away? the timeline still has not changed. it still runs out, this program at the end of the week and you still need to give time to the parliaments to review this and potentially approve it. >> thank you very much. hans nichols in berlin. >> you can join in the conversation on twitter. do you want to talk to us about the housing market in the u.k. or what is happening in greece? find us on twitter. >> there you go. coming up we are going to talk london fashion week, social media, and burberry expansion plans in an exclusive interview with

mr. draghi and just before he was due to meet with german finance minister wolfgang schauble. it is very dangerous territory here politically, in terms of changing the rules of the game. let's face it, the greek finance minister has essentially said he wants to negotiate in good faith with eu leaders and its creditors. the rhetoric so far has been fairly -- been fairly calm and considered. this action by the ecb sort of shatters that consensus. it brings short-term borrowing up to levels near 20%. >> what sort of state are the greek banks in? are they just taking on the weak point of the economy with this action by the ecb? >> i think what mr. varoufakis said a couple days ago that greece is essentially insolvent is not far from the truth. greek banks are reliant on funding from the european central bank. i think the ecb is trying to focus minds. the problem is that is not the ecb's job. the ecb is there to keep the money flowing while politicians sort out the final the -- finer details of any renegotiation package. we have quite a few days left until this bailout package expi