five years ago. >>> alberto gallo is our guest host for the next hour. welcome from rbs. we're very pleased to have you with us. i know you've been looking closer at the bank. i want to talk about general europe definitely in more detail, but starting off with the banks, you've done some research about where the strong banks are in europe at the moment. are we still seeing a lot of the weakness that was there a year, two years ago, persisting in periphery euro? >> well, i think many of the banks have recapitalized. there's less liquidity concerns with the ecb action. italy and spain, a two-tier banking system is starting to development. but generally speaking, there is a slow de-lev raemging trajectory. banks have delevered $2 trillion of assets over the last year in europe. >> 2 trillion?