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A closer look -- what's moving those markets now with -- -- market analyst at BDC partners over in London.
And and my Portuguese prime minister process by you is expected to survive fourth fourth bid to oust him from power but.
That movie is expected to get support from all the left wing opposition for the first time I'm not concerning this is especially in the wake of the Italian elections.
You know we need more political instability in Europe -- like I need another hole in the head but it's.
Yeah it's it is it that the -- it was an interesting case yet because that's been pretty quiet country these last two years in terms of the drama going in the ongoing.
You know here is a crisis.
Spotting next line and that probably be the most diligent in taking that very hard medicine unity austerity mention that medicine.
From from from the European creditors.
A -- year off the year.
No jobs you know people getting fed up with this and ultimately you -- politicians are elected to deliver peace and prosperity.
They can't deliver -- going to be in trouble so you know that's what we're -- played right now in Italy was seen played out in Portugal.
They -- -- as long as the European economies remain weak.
We -- have real political problems ahead of us.
And -- on that -- -- no jobs eurozone unemployment reached a record high in February and is expected to keep climbing how worries some.
Are these numbers and is there a level where we're -- the -- the panic levels -- increase isn't -- -- magic number here.
I don't think the magic number -- -- say ending twelve -- pretty pretty horrific -- for the Euro zone but I mean you know the numbers you've seen Spain.
Greece you know 26 plus percent youth unemployment fifty to 60% you -- you're storing up enormous trouble.
The future generations and -- the issue is -- me it's not as if does any obvious end in -- here you'll get a rate decisions later later on.
From the ECB this week -- on the message is gonna come -- from them is we think that European recovery is gonna come through.
They grow this year therefore we don't have to cut rates some pretty sure that's what's gonna happen.
What -- cut doesn't happen you know what this in this number goes to 30% unemployment some of these countries you know you what he had rise in the streets.
I think that's probably you know more about to come right we certainly hope not but that's my aunt Bee -- hit hard as we appreciated Mike thanks.
-- you take us.
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