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Fitch putting several European nations on the ratings chopping block and they've got.
They've got that the machete poised about their head of what this sword of damocles it's about to come down for Belgium.
Spain Slovenia Italy Ireland and Cyprus.
So what's happening now is there on credit rating watch negative house is going to impact the third largest agricultural equipment maker in the world.
A company with a very heavy footprint in Europe but is based here in the United States.
Joining us now live from the New York Stock Exchange is Margaret -- -- and he's chairman and CEO and president.
Other AGCO ringing the closing -- -- good to see you -- you for being here and thank you for having me up.
Horseback and and the interesting news is.
That just two weeks ago you -- the -- dinner table as on the look Merkel the chancellor of Germany.
Everybody -- talks about how.
That the more that the mold of all of this is in her hands the glue.
She can put it together or she can pull it apart what did you talk about with -- Angela Merkel from a business -- standpoint.
But actually I made sure that politicians have tool.
-- I understand that what they say sometimes has been crash impact -- On the markets and want them not operational performance like ankle we are facing a tech -- here.
With nine billion dollars in revenue Lewis and fought the last do not think so -- is -- -- and visited.
Off the company about that is not -- so much by accident and sale price developments because -- the politika in certainty.
What assurance completely frustrating for a CEO like -- what.
Who feels that these headlines switch yes you do have your business in Europe and Africa and Middle East.
But that it's it's doesn't necessarily tell the true story of the business.
How is business you detractors of com -- and -- equipment how is business globally and where your strongest points.
On the planet but coming back to the our previously discussed in the stress level and I think -- harp does business if -- they found -- up.
I've been -- I business -- 2002000.
Mills -- they thought we gave guidance today prevented at analyst meeting here we are expecting ten billion in sales and five -- us.
And I think specially yes so that would be paying now about collect call people until topped the accidents yet.
Again and the other -- optimistic that the fundamentals spot our business.
-- -- in this seat build strong not then have.
OK what about the the currency impact of the stronger dollar one of the things that we have seen recently.
Is that when everybody flips out of their minds and gets nervous they either go to US treasuries or the US dollar and the US dollar gets markedly stronger.
-- kind of effect is that going to have on your bottom line in your earnings throughout went.
About thirteen as -- so that means we look -- -- -- -- we've made slightly stronger.
You'll like draft.
It is maybe -- long run for audio something like that's.
So I think -- don't have was a little I'm the value of the also for quite a violent.
And now therefore I think it's a balancing all of a little bit what I life is that politicians they do -- -- still got to act if that -- quickly.
And that the idea behind it is not no need to set a cap on seat but also -- That cited Jesus and although they smoke.
-- you look.
I wanna put you not that I want to but mark I do you can handle that wanna put you on the spot here and and ask you this.
That is much of the Euro zone slips into recession.
Would you have to -- on some of your numbers -- you have to backtrack.
And scale back the expectations.
Or are you being very realistic have you taken everything into account and -- that worst case scenarios.
Sort of test.
As suddenly be dead set and I think I don't see this hasn't definition of a reassessing its -- -- -- negative.
GDP go with a -- vote which I don't see comment and I don't think that fuels off for America will be in and that has -- -- So and so I'm a little bit more optimistic.
I think the you'll -- them -- be fixed soon.
And also we -- that -- took on to that nation and it's not state they did so much to ally in this these so far mosque.
Farm income is extremely Islam and different -- -- applauded distance.
From Mars paid down -- that's NI NA batteries strong financial position that right now I'm not prepared to invest.
Martin written Hagan who by the way just got dual citizenship he of course is a German national but just got American citizenship congratulations.
Thank you had -- -- CEO president and chairman of AGCO and I want I hate to wolf.
For Christmas OK and I really get it from.
-- calm behind as the number one gift -- breaking news.
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