how will the brexit vote play ut in the current currency era? we successed this with a senior european economist. give us a sense how you're seeing the eurozone affect bid the brexit. what about the rest of the e.u.? will we see a ripple effect? will we see a breaking apart of the e.u.? >> well, it remains to be seen if a brexit shock will affect businesses, investments hiring in the euro area. as a matter of fact we have to wait for a couple of months before we see the full impact of brecks it in the surveys. the p.m.i. so far has not captured the effect i think this morning the industrial productions figures in germany were weak but that is not the result of brexit. we need to wait for another