southern european countries have much higher debt liabilities than germany so let's bring in having furcal is a senior economist and director at the hamburg institute of international economics who coauthored this study any year warning about these high levels of debt what would happen and if it indeed thinkable that any of these economies can default. yeah i think so this problem has been overlooked so far by markets but we have seen that in the aftermath of the global financial crisis in two thousand and seven and eight sovereign debt ratios has increased by almost thirty percentage points to over one hundred percent of g.d.p. so now we face a situation where a dad overhang is combined with monetary policy operating at the lower zero bone but now we are at the beginning of a global economic downturn and interest rate increases so this problem can increasingly become a huge problem for the global economy so and in the situation we have with a lot of uncertainty on the markets this could easily lead to kind of contagion among other major economies really you know believe that we're actuall

if you flip this furcal we can find very basic measurement now that you really have to know but we can't put everything into our brain so it sounds part of our way. of measuring people activities things rationality and detail as tools for optimizing daily life and use of space play marks of the bow housecoat that carry just far as japan. the balance archive in berlin designed by none other than bauhaus found p.s. himself. director an ameri yogi is the guardian of his legacy nish klein klein one hundred twelve it wasn't the ordinary old school crafts person training. game was to train a new type of artist in the industrial designer who could wear all hats so i'm going to list a generalist tech who could be an architect or a typo grapher a painter a sculptor a photographer. i am an industrial designer who represented the universal. through our only real solution and the manifesto of the weimar state our house was published in april nineteenth nineteen architects sculptors painters we must all turn to the crafts together let us can see even create the new building of the future for a small