school of management and technology good to see you thank you for joining us today and do you think the new short selling ban will do much to restore market order and confidence in europe or is it possibly a sign of fear that we're on the verge of a financial armageddon. yeah i think it's probably more of the last i think it shows that the officials are very nervous at the moment and they try to. break this down what's peril that the banks have been into leslie my fear is that we. see some short term improvement in the share prices but the fundamentals are. seen rather gloomy in the markets i think overall we will see a continued downward trend so overall i think these measures will not have a long lasting effect so these measures are not going to be effective on the short term possibly effective but of course it's all about the long term the end game and i knew what your forecast and. its aims of the eurozone debt crisis is your sweeping all e.u. countries one by one france is in its sights is that the next one to fall. well if you look at the fundamentals i think france is quite d

how going from the european school of management and technology says it's the banks that once again being offered protection. part of these rescue managed measures have been taken to to rescue the banking system. especially with the banks and southern europe and i think this needs to be addressed but overall we also have this kind of political situation which has been very convenient for governments to increase debt levels to avoid bringing tough measures to their constituencies and i think this is something that has to end markets have indicated that they are not willing anymore to finance these large debt levels my fear is that we see some short term improvement in the share prices i think overall we will see a continued downward trend so overall i think these measures will not have a long lasting impact france also has a debt problem the overall debt level is very high and now that the u.s. government debt has been downgraded there's obvious fear of who will be next in the game and we. seen the problems with spain in italy recently and i think it's quite natural that the markets

of the european school of management and technology believes that the short selling ban is only a short term solution. that shows that the officials are very nervous at the moment and they try to. break this stone was a barrel that the banks have been into leslie my fear is that if we see some short term improvement in the share prices but as the fundamentals are. seen rather gloomy in the markets overall i think these measures will not have a long lasting effect the solution is definitely not concentrating on short term liquidity measures like the european rescue fund i think it's much more important to concentrate on structural reforms and that means bringing down debt levels to sustainable level and so far we have not seen this what we've seen is this kind of hectic crisis management and this. communication communication from the european central bank which basically says that everything is under control where all the good that you see is kind of panic management. and i think what is really required to stabilize the situation is the focus on structural reform i think this is what we