minister padoan do you see it happening? >> of course you would.hat is happened in the european periphery is what everybody, three or four years ago when the euro crisis was at its highest, said cannot happen. they have internally devalued. that is nominal price pressure downward pressure on wages. what we've seen is that there has been a reduction in disparity of the differential of competitiveness between germany and the core countries and the periphery. the peripheral countries would like some relief. that is where the weaker euro comes in. in the short term it will be difficult for the euro to weka aken. and the ecb, of all of the central banks, despite all of their loose monetary policy, are still not as aggressive in terms of quantitative easing as the bank of japan and the fed continues to be. therefore, i think the markets are willing, the ecb, are willing, can do they more? if the growth continues to be less than the u.s., then they could we can the -- weaken the euro. there is not political consensus around the. that is a dangerous game.

g it's francine lacqua had an exclusive interview with padoan. >> i do hope we can do better than that. although we cannot say that more exclusively, i think there are good reasons to think that we will have an upside surprise. >> more of that exclusive interview coming later in the program. >> let's get more from our international correspondent hans nichols. talk to us about the timing. how far along are they? when my day dob actually announced? actuallyight a deal be announced? thet really depends on regulators. what we have seen according to people familiar with the matter -- what we are reporting -- they want to make sure that softbank and sprint have all of the financing lined up. once they get approval they can make a formal offer. to answer your question, june or july when the ceo of softbank may be making a former bid. witht executives have met six banks to make sure their financing is in order. they think you need to do a in appeasing least regulators which is a double hurdle with the communications commission and the department of justice. when you look at what happened with

. >> italy's prime minister pier padoan spaying with francine lacqua. more from him later.eme today -- one of which is what is happening with the euro and the u.k.. arint is said to be planning bid to t-mobile usa after meeting with banks after looking to the financing. hans nichols is in berlin and in london as matt campbell. hans, what are we looking at here? is this going to happen next week on the next month, or over the next six months? >> before we get a formal offer, this is the importance of this group. our colleague in san francisco said sprint executives are talking to bankers, making sure they have financing lined up. that is only one component of the story. they still need regular -- regulatory approval from the fcc and washington. you should reposition yourself as a telecommunications lobbyist and washington, d.c. they will have this deal and time warner cable -- all these deals. tried to buyt&t t-mobile u.s., it was scuttled by the sec. -- the fcc. they need the approval from u.s. regulators. that can take a long time. point you have been making all morning. t