he's a senior reporter at market news international joining us on skype from brussels haas marcie yama director of the european center for international political economy and here in our london studio with me gareth leather senior economist who specializes in asian and emerging markets for capital economics welcome to all of you care of a dreadful week on the markets how bad would you say oh clearly it's devastating the worst in a single day since last monday $987.00 i think what it is it's investors around the world waking up to the realisation of how bad this is going to be in kind of january february i think it was a hope that would be limited to china and maybe other parts of east asia but it's clear now that this is going to devastate economies in europe and america at least for the next couple of quarters i suspect. we have had before black monday a black friday will this go down do you think in the history of the stock markets as the black thursday i think it absolutely will and you know while i wasn't around to cover the markets in 1907 i was around for the 2008 crisis and i ca

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munich was the center of the national socialism this is where the nazi party was founded yama from here we have a photo from 1903 a few years after the party was found at once it was the party leader by that and it was here that he gave them to righty became more and more popular because here he's speaking to 1800 people in munich's burger boy be a whole like those beer halls which are still popular today offered hitler a forum and audience for his speeches. it's where he spoke to the masses and spread his racist and anti-semitic ideology. he didn't mention how does munich deal with all this today the fact that this is where it started before that you do start there in the meantime i mean it takes a very critical approach to this house is financed by the city of munich but the fact that munich was the birthplace of a city that gave rise to the nazi party is a topic that wasn't talked about for a long time before. this documentation center has played a key role in breaking that silence it is situated on the very place where what was known as the brown house once stood that was the party