let's talk to virginie maisonneuve. petey cio at pimco. the needg for structure will change in the eurozone. we heard from joseph stiglitz yesterday. he was also banging that drum, saying that monetary policy is no substitute for fiscal policy and structural changes. we have seen some, haven't we? what do we need to see more activity on? >> i was referring to france. few years, with a weak political leadership, it is really denting the potential to tap into the entrepreneurial spirit. we have to make difficult structural reforms. otherwise, the country is going to continue to drag relative to the rest of europe. i think generally throughout europe, weaker euro is going to help. probably more qe -- >> you think the euro is going weaker still? because of the divergent path between the fed and the ecb. >> exactly. clearly as we discussed earlier, yellen also has that global citizenship responsibility. notwill be careful about moving too drastically too quickly. in mind,ith that path the expectations of a weaker euro are going to remain. clear

virginie maisonneuve is with pimco.is important interview with esther george with our michael mckee coming up. >> eye with a wiley. x we got the -- >> say quietly. she is not as boisterous as mr. plosser. next coming up, we will go to jackson hole. we will hear comments from esther george of the kansas city fed. this is "bloomberg surveillance." on bloomberg television and radio. ♪ >> this is "bloomberg surveillance." i am scarlet fu with tom keene and adam johnson. time now for some company news. activist investor carl icon at it again. he has taken another big stake in a big company. this time it is hertz. in the car.5% stake rental company. he may seek a place on the board. not outozilo still is of the legal woods. the countrywide financial co finder will face a civil lawsuit according to people with knowledge of the matter. prosecutors claim to pursue mozilo over his risky lending. armour sportswear makes a slamdunk offer to kevin durant. he is now looking at a 10-year endorsement that could pay up to $285 million,