whatever they choose and it's not just in greece the spanish towns of villa may or just santiago morgado and silva tara have all reportedly reintroduced the old spanish currency you see it right there because that's alongside the euro so here to talk about all of this i have paul craig roberts economist and former assistant secretary of the u.s. treasury under ronald reagan so welcome back to the show nice to see you thanks for being here. please play with you ok so let's take it from the top because now that l.t.r. o. money seems to be drying out we have analysts pointing out that this could lead to a renewed crisis in spanish sovereign god that's really where the fire is heating up now so years will rise if there isn't fresh money available to purchase bonds we are these kind of saw that this morning yields rose in a bond auction this is renewed concerns about the solvency a large nation states in europe and i are told that it's only been a few months since that last out here option it was incredibly wary so my question to you is this really the new normal because it doesn't seem centr