 But it is a big risk and of course would pose a further threat to the lasting stability and longevity of the Eurozone. Markets took a tumble on Germany's comments as fears that a failure to reach a deal could force Greece out of the single currency. Eurozone Finance Ministers will meet again on Friday and it's considered to be Greece's last chance to shore up a deal. It's got to Jon Sheridan now, he joins us live from big securities in Sydney for more. It's good to have your company on the show, this Greek situation continuing to drag. How have bond markets been reacting to the situation? Good afternoon Ingrid. Yeah look, I think markets generally are pricing in no anticipation of the Grexit as it's known. I think they are expecting some kind of deal but as we've seen what Greece is looking for and what Germany is willing to concede to are two completely different things at the moment. Is there a timeline though for when we might see this deal done? Do you think we'll see it done this weekend? I think the Greeks would like to see something done this weekend because they're the ones teetering on the precipice of bankruptcy effectively but it seems like the ECB being pushed by the Germans are going to take a very hard line and unless Greece capitulates completely I think that the ECB will be very pleased to just push them all the way to the edge which of course would mean political suicide for Syriza. So is this having an impact on the broader Eurogroup, the Eurozone? Not that we're seeing, I mean we're seeing really low interest rates around the Eurozone we're seeing the same kind of economic conditions notwithstanding the recent positive numbers out of Germany, we're seeing low growth and deflationary expectations so the Greek economy is only about one percent of the Eurozone so from an overall economic perspective that's not the issue that we might lose one percent of the GDP of the Eurozone it's more about the political contagion that will follow in those other peripheral countries. Just finally more broadly anything else you're watching in the bond market for the weekend? Look I think what we're seeing more broadly in markets is there were three things yesterday that sprung out at me that all happened within a short time which was the buyback from Swiss Re announced of a billion Swiss francs in addition to the purchasing of toll holdings by Japan Post for I think it was a 47 percent premium over their current trading price and the Nikkei also hit 15 year highs so I think what that tells you is that there's going to be a lot of capital outflow from Japan, the quantitative easing program there is going to keep rates depressed and there's just so much capital to be deployed around the world that there's not really a good place for it to go and so we're seeing these sort of balance sheet management tools to just try and do something with excess capital. Alright well no doubt we'll check in with you again on this Greek situation next week. Thanks so much for joining us. Thanks Ingrid. John Sheridan there from Big Securities.