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At BDC partners in London -- -- important that has cut its credit ratings for Credit Suisse Barclays and Deutsche Bank citing increasing regulations.
And uncertain market conditions could this change.
The regulators approach to the industry -- do -- -- care with yes and giving.
I think it's it reflect something that I've been saying for quite some time in the you know where -- the US went through you know talk.
2019 that's an entire and the -- the economy in your real GDP go back to its peak levels in 2011.
Europe UK we didn't really do any of that we still got legacy issues and our banking system.
We know that ECB -- this is aware of that it's keen to tackle them.
As soon as possible so this from recipe I think is a warning shots and across the virus I think you know the big European -- story is one that's gonna play out of the next six to twelve months.
And it's something which I think is going to be a major hurdle for risk markets in in Europe and the UK to negotiate.
And -- -- the Egyptian president Mohamed Marcy is defying calls for his resignation despite the military imposed deadline for him to end the crisis -- -- stepped down.
How do you expect this to affect the markets especially oil if it continues.
Yeah but I think big -- disease more psychological rather than anything else inning and yet we know a lot of we're really shipped via the -- canal but I don't see are very price starting.
Egypt cities in anybody's interest that the security of the Suez Canal into place a major my -- currency area there free -- they they get something like five billion.
Dollars a year.
Through the sues canal.
The Egyptian -- and and a lot of pressure they need those effects -- earnings.
So yeah -- and I think it's it's unlikely we're actually gonna see any disruption knows what sort of Suez Canal but he would trade is clearly very -- to to put in a risk premium.
Relates to the podium political volatility was seeing in -- right back.
We -- Intermec CDC partners thanks Mike.
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