joined by holder meeting he's chief economist at bear bank and he joins me from london greetings holger part of what happened over the weekend was this announcement by iran that would pull out further from this nuclear deal which european businesses had so hoped would be resurrected after the u.s. pulled out is this the final nail in the coffin for european business in iran. it probably is the final nail in the coffin for european businesses in iran for the time being unless there is some significant change however business with iran has never been a significant part for european business over the last few years so in macroeconomic terms for overall growth for the overall export growth of europe this would not make any significant difference. to jumping on this idea of macro economic terms here the oil prices up again after asian trading at what point does that become an issue for economies and growth rates well it's a minor issue for inflation and growth at the moment already but really just a minor issue it would be a big issue if oil prices were to surge beyond $90.00 per barrel and

privileged holger hodges i. thought was awful the mushroom a did not fire the most equal at the mercy of a government or an image not good as a fellow with another mccarthy to democrat yeah you know ma gonna do this or that the motional did. not get the gun with the thought of the. dove and it is doing all they know it's going to last or do them both on the end of it and i see no listing in the end of the year when if she nothing as you point out then you must have had it up with. the embedded in the consciousness of the jewish people is 2000 years of oppression for 2000 years. we crave power. we crave to return to our homeland. we prayed day after day to return to our homeland and finally we got what we asked for. the torah is telling us. sunday you're going to have a state. and is warning us you must be different on the monitor than a government of. psychologists tell us that if you are beaten as a child you are more likely to beat your own children i don't know there's been anybody history that's been beaten