and analysis department of the world bank also we have jeff there he is an economist and we have tom conway he's a principal at reinsurance consultants international ok jeff if i could go to you first. when you when we look at the euro crisis today doesn't watch fox put into what could go wrong because it seems to me that we have nineteen emergency meetings nineteen. and everybody keeps looking over the cliff and we keep hearing a solution is in sight and then we have another emergency meeting when told it went so wrong. i think there are. two factors that have to play that one is political and the other one is economic the political one is that i think we have to keep in mind that democracy is a very slow process definition and european union is is maybe too democratic for song good which plays adversely most people would say it's the world versus now i don't think so but i still don't think so at least during the outbreak of the crisis that was definitely the case so that meeting at the meeting as you said this is news that the markets were expecting were not coming up who said when was i