>> absolutely, the banks and piraeus in it particular, are confident about the future because we are economy that is growing. we are an economy that has a stable government that is doing the right thing to promote investment and we are benefitting from the growth that has been not -- has not been given over the years, but now is well above the european average. all of this is creating a positive momentum which is reflected in our numbers and in our bottom line profitability and, of course, in our distribution policy which has been increased over the guidance we have been giving the last few months to actually 35% >> christos, it is silvia here joining the conversation it seems that you have done quite well withstanding the pressures of the lower interest rates coming from the ecb. i'm wondering about the outlook here there is some considerations at the moment about whether the ecb is going to cut potentially by 50 basis points in december. is that your base case and how are you protecting the business against significant cuts from the ecb? >> our base case is for 25 basis points in s