jonathan: still with us, luke hickmore and michael ingram.ar where we asked the question who has the hardest job in european banking, john cryan or tidjane thiam? who has the hardest job? might be jeff daly, if the fca has its way. i probably think it is mr. thiam. credit suisse has a lot of issues to unwind. that is in 12 months as well, but you can say john cryan has --e a 180 four deutsche bank 1880 for deutsche bank. i would not necessarily see any issues in two or three years time. jonathan: it shows how low the bar is that you can see in existential threat and raise enough capital, and it is success in europe, because it has taken so long to work out some of these issues. where many people want to play recovery in the european economy, and they say look at the banks as a proxy for cyclical recovery. what do you say to those people? michael: look at what is going on now. we have a regulatory revolution. the nature of banking being transformed. you are seeing, i would say, the at three,of borrowing landing at six, and being back on the go