>> pedro from reuters. so, a couple of questions in one. you see the probability of departure, is it potentially at 55%. could you shed a little light on what the committee's thinking was on that? which countries are at risk and what the probableties are and do you see any scenario in which the exit would not lead to contagion in other countries and is there a disconnect between that probability and the probability of another u.s. recession given how weak our economy already seems to be. i would imagine if there was a 55% probability of a country leading the euro, the chances of a u.s. recession would be significantly higher. >> yeah. that's any one country within the euro. and i think most expect that that one country would likely be greece. it's also the general view that if if indeed greece does leave the euro, it would likely be the case that there would be significant policy response in europe to put up firewalls essentially. and prevent the crisis from spreading. that essential ly is our view. i don't think it's necessarily the case m

>> pedro from reuters. so, a couple of questions in one. you see the probability of departure, is it potentially at 55%. could you shed a little light on what the committee's thinking was on that? which countries are at risk and what the probabilities are to the individuals countries? and do you see any scenario in which a greek exit