european values and i m glad merkel wants to go to the brussels summit at the end of this month and she wants to be able to stitch together a package that will say that will save europe s core values of solidarity and burden sharing that s have gone under. but what are the laws of the sea the domestic political issues at stake because there definitely are some there right absolutely very important is the election in bavaria in the middle of october wholesale hope c.s.u. has a save the bavarian wing if i m going to malcolm s conservatives at the national level they re under a great deal of pressure from the from the populist far right if he and they want to they want to ward off that threat by doing so by being tougher of germany s borders and saying this is what germany s vote is for better or worse actually want and then delivering on that that we have heard mr say over saying he doesn t want to split the conservative bloc i believe we have a quote he said to the build on the zone tal
the financial crisis that time hungary was a candidate for the euro a lot of people invested and got credits in euro currency and after that they had a lot of problems to pay pay back their mortgages and that s one reason why he won a lot of he won a lot of votes and he won the latest elections means less europe is suffering brings people to suffer rather than more europe and i think this is one reason why a group of core european countries will create a kind of a stream where others either will follow oh really half of a situation where for a longer period of time we have to from space in the block so rick i haven t you got to be a tie breaker here that idea of a europe of different speeds has been debated very intensively for a couple of years now but can there really be different speeds on immigration the european court of justice for example has just rejected a challenge from hungary and slovakia to e.u.
sovereign debt, greece. growth in the core european economies, germany and france looks pretty good. our economies just revised up their forecast for this year for euros, 1% to 2%. when you look at where global stock markets are at the moment, what are they factoring in as far as the global growth stories? glass half empty or glass half full at the moment? they re a little halfway between if you d like. they have started to correct a bit. global markets are down about 5% over the last few weeks. valuations are pretty cheap by historical standards. what would you say? time to buy? i think probably sell in may, go away. which we ve seen. which we ve seen. probably come back in october. i think there s a few head winds that are going to blow for the next few months. but i think fundamentally equities look fine. i would like for a buy opportunity perhaps late summer. what would trigger to you that buy opportunity around october? i think it s when we ve seen the growth reall