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payment. i think this is a classic case of uncertainty ahead of the fact. now the markets are moving on to the next concern which is the weekend referendum. we had a decline over the past few days and what we are getting now is a relief rally. the sky hasn't fallen in. the euro group is looking to consider a fresh proposal from the greek prime minister the greek government later this morning and the european central bank is set to review the emergency lending facility later this morning as well. i think it's very unlikely they will alter that ahead of the referendum. and i think what markets are focusing on now is the fact that euro group is looking at a fresh proposal from the greek government. i think there are grounds for optimism a small amount of optimism i should guess.

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