Also in this playlist...
This transcript is automatically generated
Checking the markets now here in the US futures -- fairly flat but to the downside Dow futures are down 35 the S and -- down four and a half the nasdaq's -- in Europe.
European Union finance ministers begin a two day meeting in Dublin today with Cyprus is -- -- at the top of the list of items to discuss some traders are citing concerns.
That's Cyprus may need more bailout money as a main factor weighing on the markets today it got London down 37.
Paris is down about thirty -- down 105 let's take a closer look though what's moving those markets now with James he's chief market analyst and -- Mario -- London.
James if these reports are true about -- needing a bigger bailout who is going to put that bill could it.
-- back on depositors.
Well it could well do mean that that's the worrying thing that would -- going on and among them because of course when you look around the rest of the year as I know when -- can afford to -- any more money not only can not afford to add any more money.
But the willingness to do so it just isn't bad and of course it is the willingness to help Greece in Illinois is a ways before come from Germany that the German tax I have.
Has already decided -- and America has already decided that that won't be the case anymore.
So you really can't see anywhere else was gonna come from apart from depositors and of course we've already got at least -- That we could potentially see those deploy a survivor a 100000 yards in their account.
We -- -- we see up to 60% had -- already so I mean.
This is -- worrying story still I mean we still don't know and it is exactly the same.
Story we've always had with the Euro -- is that whenever we get a meeting on -- so it whenever we get some deep -- it's never all of the everything we've and of course we we just see -- shambles run on from -- EU meeting to another EU meeting.
And really do we expect anything to be decide it's.
Probably not to be perfectly honest and I think.
If we've got some really big decisions it to my kind of Cyprus and still -- -- the grace is well cause they're supposed to receive an instruction that -- out and they still.
And mentioned that -- to -- his -- anything's going on and and so many species that we still.
On the -- near the -- them.
And just with all those issues is it possible that this whole thing falls apart.
I mean absolutely I mean be it very well could I think we've been saying this for a long time now.
The fact that that the whole thing he saw -- unstable and that the fact that he is unstable.
He is number one the issue -- that the second issue -- The white race is being run it from that they get -- has since three years now as we just had one big shambles in the right side.
All right that's James Hughes an out -- hopefully works out better than that you're predicting -- -- -- we appreciate the announces thank you.
Thank you --
Filter by section