meeting in riga. boring from the usual suspects. hans nichols is in riga. one big yawn. what do you want to glean on friday? hans: it was a headline until the headline crossed moments ago on the bloomberg terminal that said yanis varoufakis took "a hammering" inside the meeting. according to three people familiar with the talks. some complaints, accusations against varoufakis was that he was an immature, a gambler, a time waster. intense comments directed at yanis varoufakis. it's breaking up shortly and we expect everyone to go to the cameras. for a sense of how frustrating finance ministers were have a look at what mr. dijsselbloem the your group president said. mr. dijsselbloem: it's a matter of urgency for the greek side to get the deal to make sure there is enough money available to keep the government running. hans: the expectation heading in is that we would not have a of progress. we've actually gone backwards. at the beginning, wolfgang schaeuble the german finance minister, he said what is everyone doing in riga? he encouraged us to go see the city. we had a bl

finance ministers gather in riga latvia as greek bonds find a bid.tary distortion. ed of evercore partners site -- isi. hong kong and the shanghai banking corporation must choose between london and hong kong. this is bloomberg "surveillance." live from new york. friday, april 24. i am tom keene. joining me, brendan greeley and olivia sterns. olivia: this was supposed to be the crucial meeting for greece as european countries who hold the purse strings finance ministers are meeting in riga latvia. growing more frustrated with greek prime minister alexis tsipras. tsipras was supposed to come up with economic reforms. if there is not an agreement soon greece might have to default on debts. tother european officials say greece will not come up with a list

guy: no deal in riga. german finance minister wolfgang schaeuble tells bloomberg there will be no more money for greece. jack lew's warning to europe. the u.s. treasury secretary says a grexit could have unintended consequences. the russian people are online at one. vladimir putin takes the podium and answers calls from citizens. good morning to our viewers in europe, good evening those in asia and a very warm welcome to those just waking up in the u.s. i'm guy johnson, this is "the pulse." we are live from bloomberg's european headquarters in london. standing by for that russian president vladimir putin to begin his annual televised q&a call-in. the russian people will have the chance to put their questions to the earlier. ryan chilcote is sitting next to him. it is a tv address looks like they are doing the introduction right now. the disappointment is there, i'm not sure the promo on russian state tv is as spectacular as last year. ryan: difficult to improve on perfection. last year was the showdown wit

mark: thanks, hans nichols in riga.loomberg on more of the greek situation for step we will be joined by the mayor of athens. that interview will be on bloomberg this afternoon. manus: asian markets are poisedtop to end the week on a high note, but the trading indices are just a little higher. what's good over to david standing by on hong kong. we still have the nasdaq futures , but looking at the nikkei a little bit of a fade as we go to the end of the week. david: yeah, there has been a little bit of a loss of momentum. good morning, guys. a loss of momentum over the last hour, 90 minutes. across the regional markets this was not the picture when we started out friday. we are at the low point of the day. a lot of the major markets are about to close up shop for the weekend. the nikkei 225, last few minutes of trade, the asx 200, that is just about the only major market that is keeping the losses from moderate losses. i think we are just about flat. still a very good week. we are poised for a weekly gainful stop you go

alix: hans nichols reporting from riga latvia.'m joined by the chairman and ceo of greylock capital, which owns greek debt. what are you doing with that debt right now? >> it's incredibly cheap. we are looking at yields of 13% compared to the other opportunities in the market is pretty attractive if you don't see there will be a default in the private sector bonds, which is almost impossible. my reaction to that is amusing that they spent whole imf meetings issuing statements to dampen expectations around this meeting in latvia, and then they turn around and say they are disappointed in the content. we knew there wasn't going to be any content, and probably what came to the surface here is some of the personal tension. it doesn't take a lot to make some of these finance ministers look drab. yanis varoufakis certainly does that. he is an academic coming into a politician's finance minister enclave, and he doesn't have the background to present the kind of things they are used to seeing. alix: if the greek debt is only a risk if you

we are for this summer that they have made some progress but we have that big meeting in riga on fridayhe finance ministers. it is predicted that the dutch finance minister says he wants to step back from this game of chicken and that grief these to repay about 80 million euros in interest on bonds held by the ecb. they say it is a chance to lay out this path for a may agreement. we have been talking about it for a while now. one way that alexis tsipras can show that his government is serious is possibly to win a signal of support from greek lawmakers. we have seen the greek bond yields up about 13%. it has doubled since september. overall, we will see what happens. they say that we don't want anymore redlines there and they have been standing there grounds on measures such as cutting wages pensions, and selling assets. the ecb says that you need to move and do something as far as economic reform. rishaad: what about the possibility of snap elections? yvonne: snap elections or a referendum are possible here if the talks continue to stall, but the finance minister yanis varoufakis says t

i don't know where that leaves the negotiations, but certainly it was tense today in riga. >>> top gainerhe top gainers, electro lux, swedish appliance maker is saying it thinks it can get another $50 million of synergies out of the ge appliance buy in this country. from 300 to 350. the stock up 24% in the wake of that on the comments from the ceo. and the banks have done well in europe today. a lot of the issues and reissues are down. check out the banks. hsbc is up 3%. it is now threatening with a formal review announced of it's gm to move the global headquarters from the united kingdom. this reaction is apparently because many people feel it's not as harshly regulated it will free up capital to do more. guys you'll be aware that this comes at a crucial time in the uk as they face a general election within the next two weeks. a general election that was already too close to call. back to you. >> simon, good weekend to you, thanks a lot. >>> when we come back as the nasdaq hits some new highs, tech bubble fears, starting to resurface once again. we'll talk to the top angel investor and e

theoretical approach to how you deal with austerity and what they want to hear in latvia, here in rigawant a technical approach to what greece will do to close its primary surplus what they will do to grow their economy. and some ways they are talking past each other. that was clear today. the question was, can you get it back on track or have you lost too much time and too much goodwill? matt: in the next three months how often will you utter the phrase time is running out for greece very ominously? hans: i will only sing it like you sing the iliad, and i will only say it in action greek -- ancient greek. matt: one is the real deadline? hans: the deadline is monday run out of money, and no one knows when they run out of money. that is in part why finance ministers want to look closely at greece cost books -- gre ece's books. to me, mid-march, if they miss a payment to the imf that could constrict their ability to use the emergency liquidity assistance window at the ecb. big debate going on. if there is any sort of default, it will be very difficult for the european central bank their

he was abused in riga late last week and had his role reduced and fow has been involved in an incidentchists. it is not going well at all. how did the night go down? >> yeah there was an incident in a suburb here in athens. a group of radicals with covered faces went to the restaurant that var factorice and his spouse were dining. they threw some glasses at him. thankfully no one got hurt. it was a good that i think his spouse hugged him and turned her back. the incident ended after the finance minister had a long discussion outside the restaurant and after 15 minute or so, they just left the scene. guy: we're looking at pictures of the restaurant. this is the actual restaurant where the incident took place. francine: the inside or the outside? it seems quite incredible because he goes and issues a statement. right? is this likely? does this happen often? you kind of have an incident and then feel you need to put a press statement out. does this bring him in a light that is closer to people of greece? >> it is -- we have had some -- by when we have process athens if the minister walked

probably be question on what happens if there is no deal between the eurozone creditors and greece in riga will be spent to those greek banks and? tom: and edwards, thank you. coverage continues on bloomberg television and radio. brendan: dan druckenmiller has one of the best track records of investing. lately, yes been saying the fed rate have been too low for too long. we have stephanie ruhle of "market makers" on the desk with us today. stephanie: do you do a shot of tequila every time he says "rip up the script"? brendan: yes, we do, and i'm feeling very relaxed right now. stephanie: let's talk about and -- spam. -- stan, because he is very successful. brendan: what are you hearing? stephanie: stan says no way, jose. he is very constructive in europe and he likes a lot of european countries. but we have to talk about greece for a moment. i have to what would happen there. take a look. -- i asked him what would happen there. take a look. dan: -- stan: my guess is there won't be contaigion, but if there is, he can contain it. i don't get this how resources itself on the -- flushes itself

nothing will likely come out of that meeting in riga. mr.ody is optimistic, frankly speaking, on greece. we have to be realistic and it depends on the maturing of the position of the greek government understanding that in any case, if it wants to deliver growth and jobs, which is the main goal of that government, it has to produce recovery program that inspires confidence to the international community. to china india, latin america the imf board, to the european friends that have helped greece. that is absolutely urgent. it is difficult because promises were made which works self-contradictory. for instance, to stay in the euro and at the same time lose competitiveness by embarking on a number of measures. >> you said that eight greek -- a greek exit would be a shock to your. is that -- a greek exit would be a shock to europe? is that still the case? some people say leave. mr. trichet: that is not the case, i did not hear any finance minister say that greece should leave. they all hope for greece to stay in the interest of the greek people,

personality wise, if you see what happened in riga, you could see that the finance ministers and my colleaguestries don't want to hear any stories from a professor telling them how the economy should be. that is what we do see right now. there has to be a political solution. you can neither do this by just going through the numbers, nor by being a professor. francine: what is the plan be that we need in place for greece? otto: here comes the big problem. if you have no plan b, you have a problem. if you have a plan b and you talk about it, you have a problem too. you have to live. that is what many politicians these days have to do. from my experience, whenever we have a problem, there are smart people in the government's trying to find a plan b. i think the plan b, or whatever you want to call it, has to consider one thing. it is about politics. politics always means who is to blame. they try to find a solution where either nobody is to blame because that is how life is this is how things go, liquidity is down -- but right now the greeks don't want the greek study blamed. they rest of europe