this get back to lucy macdonald. -- let's get back to lucy macdonald. let's take a step back. pean economy, how do you look at a world where up?rity borders get thrown the friction of doing business starts to go up. lucy: it comes through in a slowdown of growth, then that is going to affect companies that are interested in investing. we are always interested in companies that go by structural growth rather than cyclical growth. we have been hunting for a bit more of a recovery to come through in europe. this may take the edge off that. you get very supportive monetary conditions in europe. you got margins that are below the level. there are plenty of recovery potential in europe. adding oil prices where they are. it really ought to be getting better. this could take the edge off of it. guy: the calculation that he will do more. lucy: he will do more. the central bank in europe, as they note that growth is fragile. -- they know that growth is fragile. is growth is so slow in europe. unit .1 makes a difference. the shame of this is that it could take the edge off where we should