up next we asked sean trish a former head of the european central bank our crisis hit europe might escape the vicious cycle of cuts and i doubts. well today we're joined by example he's the chairman of the group of thirty a panel of a former central bankers finance ministers and academics and he's no stranger to weaving through financial crises having served as the chief of the european central bank from two thousand and three to two thousand and eleven leaving the post in october last year thanks very much so mr fischer for joining us today. in first question would like to know you said at the federal reserve a conference very recently that you think we're still in a crisis that your successor meyer draggy of the e.c.b. said the worst of the euro crisis is over is the worst really over there i was alluding to the fact that your lender still you know what happens happened in all seven we have now. structural adaptation of the advanced economy you know over the last thirty five years we had little america crazy is the african craziness we had the formation of of all the socialist part of t