those moves by unicredit and bbva, i believe, are moving in the right direction.opens possibilities for all the banks and we, of course, at piraeus, are looking at the eurozone that makes sense for us to grow the book on top of the growth that we see in the greek market >> christos, part of the conversation is who is on the hook for what as we talk about cross border consolidation that ger germans do not want to be on the hook for the spending in italy and if the spending worsens. i want to come to that point we have come a long way with the non performing loans in the per representative ral countries your mp ratio of 3.2% versus 5.5% a year ago. you have come down how much of that is sustainable or does it take one bad cycle to derail you on the exposures again? >> in our view, it is sustainable. we are guiding the market for below 3% we are currently as you rightly said up 3.5. we are on expansionary mode of the cycle in the greek economy this is reflected both on the activity, but is a healthy activity to be in a position imagining a few years back of 50 basis