christina pet. i atpean policymakers are firs line of defense fo the european debt crisis, but under what ircumstances would the fed decide to get more directly involved or coordinate on with other centr banks? >> well, as you say, europeans are the first line. europe is a wealthy area. they have adequate resources to address these problems. they are very committed to addressing these problems because keeping the eurozone together, keeping the eurozone trading block together is very important to the economies of those countries. we leave to them the leadership. the federal reserve is very much involved in talking with and consulting with european leaders. i talk frequently to central bankers in europe including mario and others, we try to provide whatever help and support we can. we did, of course, coordinate ps toer central f banks wh in reducing pressures in dollar funding markets and allowing european banks to continue lending in dollars including two u.s. borrowers. so at this point, we're nsult