let's get more from our guest, claudio costamagna. -- with 410 billion euros. to have you join the studio. we were not signing on having so much news on italian banks. how frail do you think italy's banks are? claudio: the situation is not easy and we should step back and see why we are where we are. for reasons why we are where we are. two reasons are general for banks everywhere. the interest rate department which takes interest margin close to zero. the second one is the impact -- the business model of banks is changing, especially retail banks. italian banks are basically retail banks. francine: a lot of investors say that italian banks have problems. reasons ise italian that italy is the only country -- of state aid after the lehman crisis. we have had a very long recession. banks.s impacted the whiche huge stop of npl's is lower than what everybody else talk about because everyone talks about 200 billion. yet to see the net figure because it is the difference. francine: i am going to cut you off because theresa may is taking to the stage. let's have a list