italian deputy prime minister. accuses you of pushing out rooms cost of borrowing by likening italy to greece that he's right in this particular spot. well i think the deficit surprised the markets and it surprised investors generally given what the finance minister have been speaking about in the weeks before when you have been speaking about potentially a one point six percent deficit you saw spreads come in the financial markets were rewarding what was deemed to be a conservative and reasonable budget deficit target the trouble is the budget deficit is two point four percent each of the next three years that is likely to actually push up debt to g.d.p. the reason that the finance minister and others are saying it's ok because there are groups assumptions is much higher than i think reality would be so all depends on how well it's lee does briefly italy is the second most indebted nation in the eurozone how much of a risk does it pose to the overall health of the current countries like germany for