we are joined by the ceo, giuseppe castagna. great to have you here on at the show. i need a bit of your health. the ecb said you failed the stress tests. they said you have a capital gap of 66 million euros in the bank of italy said, it is a surplus. which is it? >> hi, good morning. thank you for your question. things needny other to clarify -- i think many of other banks need to clarify. at the same time when the ecb and different national authority and an outcast, the bank of italy. ecb wanted only to consider the result of 2013 and they do not take into consideration in their press release what many banks need in the first nine months of the year, as far as capital strategy. toour case, we were able have 700 million and we had another capital release of 800 that was years-- ago and the bank of italy released to us in june. into ourld some state asset management company. the comprehensive result of all of this was excessive capital of more than 700 million. making us one of the most capitalized banks in italy. you.ee with it is quite confusing to read on one side

capital shortfalls and will speak to the ceo of one of the field lenders, giuseppe castagna , that iss time. that is what we are looking cap. futures pointing much higher on the back of those stress tests. if you look at the open, equities and a london open 0.1% higher. cac a full a full -- 1% higher. friday's closeis was so waiting for that. despite the big banking fail where are wes,? up of 0.3%. the ftse trading right now. the cac up. i will bring you the auburn