jeffrey rosenberg is the chief investment strategist for fixed income at like rock. is critical for blackrock recovery. rosenberg: it is great news for germany and part of the news we are starting to hear and should be talking more about and certainly will be hearing more about. they upgraded their forecast and this is a contribution the u.s. is making the global recovery and stronger growth. a stronger dollar weakens our export channels and you are seeing that in the weekend data. tom: we are seeing that with the confidence like the expectations index. olivia: exactly, i am impressed. my question is if the growth is tolerable are in take spain for example with had made a little bit of progress on these structural reforms. gdp is picking up and unemployment is at 24%. will they put up with that? rosenberg: what you are bringing is the political side and certainly we are in the middle of that. your political issues in greece and syriza. the risk is the template if greece and it's a reason are successful in walking back some of the agreement. that political risk will b