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Welcome.

Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

Daily, we bring you insight from the best in economics, finance, investment, and international relations,

find Bloomberg surveillance on iTunes, SoundCloud Bloomberg.com, and of course, on the Bloomberg.

Now what do we know about Monte Pasky?

Well we don't know much so let's get a brief with Eliza Martinutsi she is from Bloomberg

news in New York we're still with Gary Schilling a Gary Schilling president and

founder and Chris Whelan a Kural Bond Rating Agency senior managing

director Eliza what we know is that the ECB actually said no, we want to extend your deadline.

What we also know is from the commissioner, Mr. Dombrowski, saying that Italy is in constructive contact with Monte Pasky.

Constructive contact, what does that mean?

...