jonathan stubbs joins us now from citi.st, i think, who coined the phrase grexit. he is now saying that greece will stay in the euro despite what we have seen over the weekend. >> our economists first talked about the grexit a few years ago. the best case is that we get a yes vote as an outcome from the referendum. the probability of a no vote or a scenario that leaves us down to an outcome where greece is no longer in the euro area cannot be discounted. it is also reasonably likely. it is as hard as we are seeing the volatility and reaction in the markets, hard to have a high degree of certainty right now. anna: we have been keeping an eye on peripheral bond yields. the french economy minister has been talking, saying there is still a chance for talks with greece before the deadline saying that the situation is very different in spain compared to the situation in greece. certainly, the yields that we are seeing on the peripheral bond products are nothing like they were in 2012, the last time we really were concerned about