going to bring in this so-called excessive deficit procedure you can do that but there has been no real taste about six months can happen in six months. on the ticker economist at lancaster university thank you so much for talking to w. thank you and turning to financial markets were a days long selloff hasn t stopped the markets and frankfurt are back in positive territory following gains in shanghai and hong kong there is however still concerned that one of the longest bull markets in history meaning a prolonged period of rising share prices could be coming to an end in new york the dow jones industrial average and the s. and p. five hundred have now lost all of this year s games. a stock market slide driven by some of the biggest names in tech take apple at the beginning of this month it was worth over a trillion dollars now it s dropped to eight hundred eighty billion one reason for the decline weaker than expected to man for the latest i phone models. not just for