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00:00YOU BOTH LATER. LET'S BRING IN THE CHIEF INVESTMENT OFFICER AT BLACK ROCK. DID IT MAKE SENSE, SOME OF THE MOVEMENTS? WAS IT MISPLACED OPTIMISM OR NOT ? >> IT'S CLEAR REGARDLESS OF WHETHER THE NEGOTIATIONS ARE POSITIVE, AT LEAST THEY ARE MOVING IN THE RIGHT DIRECTION. INVESTORS HAVE A HUGE SIGH OF RELIEF ON THE MARKETS. 5% LOWER YIELDS. IT'S EXTRAORDINARY BY HISTORIC STANDARDS. THAT GIVES YOU AN IDEA OF HOW TENSE IT IS. MARK: DO YOU THINK WE WILL GET A DEAL? IT HAS BEEN STIPULATED AS CRUCIAL. >> THE BANKING SECTOR HAS BEEN UNDER A LOT OF PRESSURE. THERE IS AN URGENCY ABOUT GETTING A DEAL DONE. WE ARE OPTIMISTIC. THERE IS A LOT THAT IS STILL GOING ON AND STILL HAS TO GO ON. MARK: HOW DO YOU EXPECT BOND MARKETS TO CONTINUE TO BEHAVE THROUGH THE REST OF THE WEEK? >> INVESTORS ARE LIKE CHILDREN. THEY CAN ONLY FOCUS ON ONE THING AT A TIME. IF THE GREEK SITUATION IS RESOLVED, I THINK WE HAVE TO BE A BIT SANGUINE. RESOLVED MEANS THE SITUATION IS GOING TO BE PUT ASIDE FOR THE NEXT SEVERAL MONTHS OR QUARTERS. WE ARE NOT GOING TO GET A FINAL RESOLUTION TODAY OR TOMORROW, BUT WE ARE GOING TO GET A RELIEF OVER THE NEXT SEVERAL MONTHS WHEN THE GREEK GOVERNMENT CAN WORK OUT WHAT IT NEEDS TO WORK OUT. MARK: DO YOU THINK WE COULD GET A RELIEF? >> THEY ARE LOOKING AT TIME TO LET THEM WORK OUT THE REAL PROBLEM. MARK: THAT MEANS THE PAYMENT TO THE ECB IS LESS OF A PROBLEM? POSSIBLY IT COULD ENCOMPASS SOME OF THE PAYMENTS THAT ARE DUE IN THE NEXT MONTH. >> I BELIEVE THEY WILL GET SOME SORT OF AGREEMENT SO THEY WILL BE ABLE TO MEET SOME OF THEIR OBLIGATIONS AND EVEN BEYOND. TO RESOLVE THE REAL STRUCTURAL ISSUES IS A MULTIYEAR PROCESS. WHAT INVESTORS ARE LOOKING FOR IS THE CONVERSATION TO CONTINUE BUT WITHOUT THE PRESSURE. MARK: THEY ARE GOING TO HAVE TO WORRY ABOUT A DEAL STRUCK. THERE ARE RED LINES. IT SEEMS LIKE SOME OF THOSE MIGHT HAVE TO BE CROSSED TO STRIKE A DEAL WITH CREDITORS. LET'S SAY WE GET A DEAL NEXT WEEK. IS THAT THE NEXT IMMEDIATE HURDLE? >> THIS IS A DELICATE BALANCE TO BALANCE THE CREDITORS AND THEIR INTERNAL POLITICS AND ALSO THE PLATFORM. IT'S NOT AN EASY SITUATION. I WOULD SUGGEST AT THE END OF THE DAY IF WE ARE TALKING ABOUT THE GREEK BANKING SYSTEM, ABOUT THE FUTURE OF THEIR ECONOMY,

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Cooler Heads Will Prevail in Greece: Thiel

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