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-- Juliet thanks so much mark.
Puts -- in France -- squeeze out growth we learned in barely order I know like buying at this month's.
So essentially keeping the -- on from falling into recession that's textbook two negative quarters of GDP.
Okay but our next guest says the eurozone might not be so lucky later this year joining senate's latest Kathleen -- Kathleen -- research directorate -- -- welcome.
Banking OK so Euro zone's two largest economies of waiting contraction but it's nowhere -- solid growth so what does this mean for the overall push to rescue.
The Euro from the sovereign debt crisis.
Well I mean EA wanted to say.
Then the reason why -- as a sovereign debt crises in the -- place is that they think she's dead -- mainly in the peripheral economies say.
Images sold the debt crisis yes he'd do need to rates of -- in Gemini.
And -- to -- -- they have them.
The way you really need is wet and not getting annual and -- in the -- -- peripheral economies like Spain like Greece like it's -- Coming out corn if you -- -- debt right so -- my question more specifically Kathleen is does it.
What's the -- now pushing back these debt reduction requirements that have already been in place because we're not.
Getting Germany and France to get going again in a meaningful fashion.
Well yeah I mean nened pushing back the debt -- climate today and -- -- and kind of target levels and things like that.
You know they've already gone through that already said -- unit.
-- -- -- The same god is a lot happens to you say Greifeld feels Spain's always -- it's gonna make -- evidence -- -- the fiscal targets which have been put in place by countries like Gemini.
-- want to have fiscal targets and -- people they give more money.
But generally not being quiet nodding say well it's gonna make the Janet -- -- is all the paying -- does -- you.
Much less willing to commit to itching to give money if you -- these lefty fund's -- desperately -- -- what.
The solution now I mean is there any way to spark some sort of growth I -- the I say we need some sort of either techno techno -- a lot to call I can even say it revolution we needed new invention we need to.
You know something -- -- what could possibly come along that could spark growth.
Well I think you know I had an -- -- quite negative on they found that when -- deleveraging to the extent that some of the countries in Europe have to do.
How we -- doing here in the UK as well it fasting means that period old -- -- note taking back play if you like you do we want to shrink debt.
And economies have been built on debt to southern home either this deleveraging price say it's gonna be hot is gonna be tough.
I mean -- kicking the can down the right dummy and how big is that it doesn't bring -- around honing in looking at countries like Spain that -- -- how quite in it quite -- -- New technology getting on that mean a lot of so debate is senate panels of bridging east that a lot of -- senate businesses that -- that they got fantastic innings to try to glass and Mac debt and not even not helping them.
Are right so ECB president Mario Draghi couple weeks ago promised to do it takes to save the Euro -- -- did these reports of like lack of growth will just -- -- -- In the eurozone put more pressure now on the ECB to act and lower interest rates and take other measures.
Yeah I think I think it does I think it -- an -- ahead that -- let lowering interest rates could be key thing is around that.
Industries in the -- data on month high and they are in the US in the UK for example.
I think -- you know the other option is that unique my job is really kind of push the back Tallinn.
TV unity governments to say -- sort this crises out.
But he's already been specific about how it's going to be selected out say -- -- maybe we decent fiscal targets who GC -- the need for austerity.
But I think -- down a lot of people -- -- that -- Limit -- status he now in any means the people of deal without problem down the right say.
Kind of game that's my point about deleveraging in this is going to be a hot time and that's what we already starting to see in the -- that.
The more people like -- me have to make travel plans to Europe yeah that economy that same press -- I'd love to have -- go back and cancellation.
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