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Day 2 at Brussels Summit

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  • Description

    IG markets analyst Alastair McCaig gives his outlook for the European markets.

  • Duration 1:25
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Almost seven let's get some more information on the European markets now live from London with Alastair -- market analyst for IG.

Alistair -- -- two at this summit in Brussels what do you expect leaders to focus on today.

Yet -- -- -- morning yeah I think the -- sub subjects are going to be -- going through via.

The F -- unemployment levels almost 12% so relaxation of austerity of the likes of Spain Italy France and Portugal really will be pushing for stimulus.

To base their economies but I guess in the background we've got Cyprus.

Which is still a bit of a stumbling block for many is that some pretty.

Opposite views on the best strategies with which to -- tackle potential bailout for them.

And that's -- far from there we have Greece where that strike a left you know looks like progress there has pretty much come to a halt what happened.

Yes -- they they sent effectively -- the -- is into Greece to to check up and see how -- how placed either with following the sort of measures that were required in order to get the next natural our show -- point eight billion euros this seems to be a bit of a stumbling block cave.

Basically taxing -- number of civil service jobs out there in -- is about 25000 sets up a sizable.

Percentage.

It looks very unlikely that gonna get -- hands on the money this month but probably in April.

Bell letter really trying to force the Greek creek have to say well I try -- to push this these redundancy measure story.

All right that's Alastair MacKay -- I do we appreciate -- thanks.

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