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Ten oil down. Europe red across the board. No surprise. In our road map this morning, european markets not alone in terms of volatility but aggressive support measures in china seem to have stemmed some of the selloff. Aetna agrees to buy humana. Well speak with both the ceos later on in the show. Currencies caught in the cross winds of global uncertainty and thats affecting kmoimd commodities. We do want to get you the latest on greece this morning, the morning after voters rejected creditors austerity demands in the referendum. We are in athens this morning with an update. Good morning. Reporter good morning. It is now a waiting game. Were waiting for so many things. The finance minister has resigned. Were waiting to see who the replacement will be. Today we are waiting for the u ecbs decision on what they will extend to the banks. No details on that. Tonight we know that merkel will meet in paris with germany, and merkel will travel to paris to discuss the discussion in grease with ....
It is good to have you with us. Greek lawmakers are set to vote on sweeping reform proposals that could unlock a new bail out for the cash strapped country. The main point thanks in taxes cuts to pensions, slashes to , defense spending are exactly the measures that greek voters rejected in a referendum last weekend. The greek Prime Minister is walking a political rope, and the Greek Economy is on a knife edge. At least the countrys creditors are taking this latest offer seriously. Proposals from athens are still too fresh for a response from european creditors. They arrived last night. The institutions are going to look at it for us and they will do the math and see if the figures add up. They will look if they bring structural improvements to the economy. Then we will see what the bottomline is in terms of support for the coming years. There is relief across europe that greec ....
We are live in athens. We are getting some breaking news from germany. They are breaking in with an expected. In terms of assessment, we are expecting 110, in terms of business climate. We are also trying to deal with the greek question. Overall, Current Assessment is much better than expected for the month of january. The coalition for greece and a challenge for europe. The vote leaves in two seats with a mandate to build a coalition dedicated to ending austerity. Guy johnson is on the ground. This is a historical vote. It is. The vote has gone as anticipated. He did a little better than anticipated. This morning, in athens, there is a conversation taking place between them and the independent greeks. Nobody saw this as a central case. They are towards the righthand side of the political fringe and antiausterity and very much taking the line that they want to see a hard negotiation with the troika. That is the reason the mark ....
Become obvious that the small country relied on its fine it Financial Sector to much, and toxic loans and bad speculation eventually tipped to the banks over the edge, so now cypress wants to be bailed out by europe. In return, International Lenders want cyprus to introduce reforms and strict austerity measures. These would involve job losses and pay cuts, which is bad news for many cypriots who are already struggling to pay their bills. A decade ago, this dancer and musician was a star in cyprus, performing in clubs or appearing on television every night. Women were at his feet. They called him the palomino of nicosia the ballerino of nicosia. Now he and his wife sit at home with their son. The family have debts they cannot repay. They have three loans adding up to more than 300,000 euros in total. It was so easy to get credit. No questions asked. They just gave us ....