professor sarah gilbert from oxford university has said hopefully by the end of the year, she's one of. i hope that my worst fears are not realised, and as roosevelt said in 1933, "the only thing we have to fear is fear itself". but you're scaremongering was my point. i'm not scaremongering, i'm saying we need... you've depicted this massive apocalyptic vision of what's going to happen. i'm saying there could be a massive crash coming out of this. all the outcomes of systemic risk are about what we do about them. the reason to raise the red flags, or at least the orange lights, is because you want people to act. i want governments to act, i want them to stop this. i want the international community to act to stop the next pandemic, to learn from this, which it never did in financial crisis. they are doing that, both in terms of mitigation and containment against covid—19. the european union commission has set up a 25 billion euro fund. giuseppe conte, the prime minister of italy, said we're going to have 7.5 billion euro of spending measures. these numbers are tiny compared to what was