and environment and it's really a pleasure to have you on the show today dr martens and thanks so much for being on . thank you it's a pleasure to be back great thanks mall let's fast forward because post two thousand and eight you heard the whole runup everybody is debating what is going to happen with the eurozone we have some news about a fiscal consolidation plan none of this really seems sustainable so my question to you does europe get out of this alive does the euro get out of this alive no europe has been kicking the can down the road we're almost out of road at this point there are some important structural differences between how the u.s. and europe have been approaching this crisis europe obviously politically fractured has a much tougher political row to hoe but they've been largely feasting on the savings of northern europe principally germany in order to continue funding the special vehicles that they're using to prop up some of the debt markets and they're just about the territory there so to your point you know where intell merkel is now saying things that we're trying