gilles moec is with us today, arguably the most read in economics in europe.hat will you listen for, ex ante or ex post from christine lagarde? gilles: it will be interesting sell for christine lagarde. what this has done today, by going to 50, whereas many telegraphed 25, it basically got rid of forward guidance. we used to have a pretty precise forward guidance from the ecb. since they have done something different from what they announced last time, accordingly, they have said for the next decisions, it will be a meeting by meeting process, completely data dependent. i guess we will try to extract as much information from christine lagarde on what the next moves will be. i would expect her to be extremely guarded. we have a central bank today which is saying, i read the mandate, 50. sorry, i told her something different in june. as far as what is coming up next, we will see. it will be an interesting debate. the other issues on the rules of engagement of tpi, the name of the anti-fragmentation weapon. it is likely to be a big instrument, possibly a convinci

jonathan: great to catch up as always, gilles moec of axa investments. tk, what did mark twain say?tory does not repeat itself, but it often rhymes. tom: scandinavian airlines, i don't have the details in front of me but we are getting very striking. -- very strikey. a lot of article saying it is not like the 1970's. i get that. nevertheless, they tend to be disruptive and i wonder how that holds across e.m.. i'm noticing in indonesia, the rupee out to new weakness. i think the linkage -- we are euro focused but the -- jonathan: it is norway too. matt, as you know, the dependency on russia has been a big deal. that will shift towards norway to some aspect. what we are seeing is norway strikes with the potential to cause even more pain in the energy market. this goes back energy and this relationship with the euro. this is more than problematic. matt: and in norway, seeing strikes like this is more concerning than the u.k., where striking is a national pastime. the interesting part -- the interesting comparison to the 1970's and the push back against it, a lot of it has to do with me