whole may not be entirely safe just yet now for more on these latest growth figures i'm joined by steen jacobsen from sachs a bank hi steve good to have you with us today can you tell me what was your initial reaction to the fact that the eurozone is now officially out of recession. well first of all of course it's great news that we are finally seeing some sort of attraction on the on the growth perspective but also must say that i'm very skeptical about the ability to maintain this momentum as we look at the underlying data which is going to support growth long term unemployment rate still elevated lending in the banking sector a very limited my and my key issue being that you remain without the a some means to eighty percent of the economy being activated so skeptical but happy to see that you're finally having a little bit of success i think back in two thousand and eight two thousand and nine if you just said to somebody then we'd be having these kind of conversations in twenty thirty and there would have been a real fear factor to go away on having said that do you see the eurozone stickin