at 16% and chiechin at 19% if you use international observers, many associated europe with slow decision making and rather weak innovation and agonizing positions and also some overregulation. kind of an old continent going gray >> now sewing said europe needs to work on its financial independence adding that losing autonomy could be detrimental to the continent. >> it means this is left out of the debate as the financing of the upcoming transformation were a side transformation, the financing piece is nothing else but the heart and lungs. the sums spent on the successful transformation are enormous and europe lacks the capital and financing structure to master executive piece. we urgently need to change course if we do not want to rely primarily on foreign banks to finance europe's future. and nobody should take this danger lightly losing financial stability for europe would be just as bad as the energy dependance that is causing us so much pain right now. >> let's get further analysis on this now annette joingss us now annette, what we get from christine lagarde is it will have to be a