joining us is henry dixon. henry, we have seen really since the beginning of february yields in spain continuing to tick higher. how much of a concern is it this to you some does it indicate that we are seeing these fears around peripheral europe, particularly spain, or is this natural volatility? >> i think spain is the only major indices down this year. athens and italy will be up. spain is actually down this year, which i think the equity market is trying to tell you something is up. i agree comparisons with greece are inappropriate. the debt levels are not there. but what we do need is a more competeitive spain. spain needs that weaker euro. >> but we have seen yields a great deal higher than most. what do you think we should be looking out for next in a kind of post free year ltro world to get a grasp of how much these economies can get a grip with their debt? >> it's given us a three year window to return economies to somewhere near that potential. the absolute debt level in spain is not concerning, and in

dixon and then henry kissinger, who at first was also not determined to pursue this or the ones who finallyraised the issue to something of importance from mr. nixon and then the question is, so how did he respond? the first thing he did was to seek a prior injunction through but they actually enjoin the american society from discussing the subject. it was the same kind of an approach to an issue when a reconnaissance plane was shut down. now, since i thought about this point earlier, i ran and looked for this little piece of paper, which happens to be the record of the national security council meeting. the first and only national security council meeting that mr. nixon held in the context of the pentagon papers leak. it was held at 3:30 p.m. on the 17th of june, 1971. mr. nixon both opened and closed the meeting. he opened by saying that a number of u.s. presidents, if you wanted to get something into the new york sometimes, the thing that you needed to do was to declare it top secret. he went through a whole litany of things that should be done by the government along the lines of what i