JPMorgan Global Market Strategist Kerry Craig says Germany does not want to see their taxpayers foot the bill for Greece.

SHOWS: LONDON, ENGLAND, UK (JANUARY 27, 2015) (REUTERS - ACCESS ALL)

1. SLATE, READING (English): 'SO EUROPE MAY GIVE GREECE MORE TIME TO REPAY - BUT AT THE MOMENT THERE'S NO SIGN OF DEBT FORGIVENESS - DO YOU THINK THAT'S THE WAY IT WILL STAY?'

2. JPMORGAN, GLOBAL MARKET STRATEGIST, KERRY CRAIG, SAYING:

'I do believe so, you had quite a strong rhetoric come from many finance ministers around the euro zone saying that they really are drawing a line in the sand when it comes to debt forgiveness. You might see some movement about maturities on how long that debt does take to get repaid back and in fact the interest rate you see. But for many, particularly those in Germany, they do not want to see their taxpayers effectively footing the bill for Greece. And I think as the situation develops in Greece, as we enter that negotiation period with the Troika and the Syriza coalition party you will effectively find out where those boundaries are. So I think it is still going to be a very bumpy road for markets and the volatility will increase as we find out more.'

3. SLATE, READING (English): 'WHY CAN'T THE EURO ZONE CUT GREECE SOME SLACK?'

4. JPMORGAN, GLOBAL MARKET STRATEGIST, KERRY CRAIG, SAYING:

'They are worried about setting a precedent I think for other regions or other countries in the euro zone. There is very much a strong correlation being made between what happens in Greece and what may happen in Spain. They are going to have an election at the end of the year. We are seeing the same rise in this anti-austerity party in Podemos that we saw in Syriza in Greece. And they are worried about whatever they give to Greece they would also then have to use as a template for perhaps Spain and if there was a need to renegotiate any agreement there. So I think they are very much worried about the foundations of the euro zone itself and what they have agreed to do and how that might unravel should they start giving this debt forgiveness to one country.'

5. SLATE, READING (English): 'THE UK'S OVERALL GROWTH FOR 2014 SEEMS TO BE PRETTY GOOD BUT IS THE SLOWDOWN IN THE LAST THREE MONTHS A WORRY?'

6. JPMORGAN, GLOBAL MARKET STRATEGIST, KERRY CRAIG, SAYING:

'Yeah we have seen some softness in some of the economic data that has come out over the last quarter. The numbers we got on GDP this morning weren't that far below consensus, 2.7 year on year instead of the 2.8 the market expected. Those numbers are actually very strong. It is the highest yearly growth since 2007, however, there is still I think a lot of worry about the balance in the economy that was all driven by the services sector. We saw the more volatile construction, in fact the utilities and production numbers contract a little bit, again some of that is due to the oil price and the output from the North Sea oil rigs. However, I will look forward to the expenditure breakdown that we see in GDP coming out next month. In that you will probably see the same imbalance in the economy but you will see a very strong UK consumer. They are very much benefitting from the fall in oil price, as many other developed countries are and at the same time you are starting to see wage growth start to pick up again. So real wages are moving into positive territory. That is very much going to help the consumer. We will see a strong boost from the consumer in the coming quarters. So, I wouldn't be expecting to see those numbers pick up massively but we might see GDP numbers improve a little over the coming quarters because of that power of the consumer and because they are still a large chunk of the UK economy.'