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CMC Markets market analyst Michael Hewson gives his outlook for the European markets.
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But -- more on those European markets let's go live to London where we're joined by Michael Hewson.
Senior market analyst for CMC markets' Michael.
How much can we read into these stabilized.
Confidence numbers coming out of Germany.
Morning -- and yeah I'm not seeing much really mean the economic -- -- that we've seen out this week has been pretty much makes bank.
And then obviously it's that I we saw the very disappointing on F five numbers out of Germany which points to.
You know little -- a concern about the business outlook going forward.
We have had a slightly more positive.
-- -- -- I'm on the back of some comments by mr.
-- say that he can convince them Angela Merkel to agree to Euro bonds but I think he really thinks that he's living in fairyland.
That's just the first -- want.
Then if investors are up lifted by that very news then.
That are they in turn living in fairy land or fantasy land -- for our -- -- do love Disney World.
Well I think suck because the political Barry is save these and these Euro bonds as you would like -- column of very very high -- -- You know the pulling of sovereign that he's.
Mean I think it's a civilian no win situation -- Germany to -- -- if we like me.
I think taking -- of the liabilities of yourself for example and not taking away your credit -- -- the debt into the the hit veteran of the that was very well fed Michael.
It what do you think -- past guests this in recent days what do you think the odds are that Greece does leave.
The Euro zone.
I think it's a matter of time thinking really.
You know given the political climate increase of -- -- in the deadlock that I think even if it manages to -- and I think it's just delaying the inevitable that that really.
-- -- -- -- For that country to BI wanted to get out -- itself out the whole that -- -- so whether it's now within the next two weeks old by the end of the year is Citibank think.
I think really.
Given the constraints that is some buckling under.
-- to -- that Germany integrate stepping in the same currency bloc.
-- -- -- -- -- -- -- Michael it's great to talk -- thank you so much have a terrific weekend Michael Hewson from.
