They are small potatoes. Kathleen i had an interesting conversation with bill dudley and i am putting that comment of small potatoes from bill dudley seenrspective we have much worse, however, he is convinced as well that, rate hikes will continue and is interesting to me that it isnt just u. S. Fed officials but other central bankers downplay the stock market volatility. We heard it from greg spencer yesterday, and we heard it from ecb officials yesterday, saying it will not affect the policy path. Unless it gets worse and last longer. Yvonne we heard the boe chiming in and it is fueled by the selloff that we saw overnight. Interesting contest of last week, or earlier this week that the worst may be and this is a technical shakeup given the fact that most of this market with short volatility, but now that trade is that, perhaps the dust settles, we should be ok. But today was an indication that we could see more to go. Kathleen may more dust coming, we shall see. The s p dropped takes
Asking is if they will make a play as they hurdle. They may ask for the extension of the Loan Agreement. It stands firm on the renegotiation of the Bailout Program. Confused . We will try to explain. We are joined from brussels and athens. Let me start with you. Explain the difference to me, if you could between asking for a bailout extension and a loan extension. To get the bailout extension, they would have to complete the Bailout Program that ends at the end of this month. What they are saying is that they want the line of credit and the loan. Those seem to be different things. Bloomberg got an email from a greek Government Official making the distinction. There is a difference and a separate loan extension. The news was breaking with the german finance minister. He did not directly a dodgy saw the request. It is about whether this program is fulfilled. Yes or no. Over to all of this, you had the minister giving his speech to parliament. He announced the rollback and he had some har