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-- bank good morning -- So what any other social European -- -- by the -- the ducks who were down and now they're opposites related to this too big to fail.
Accord that came out that was announced early this morning something else.
Well probably not too.
We -- -- unless he's really good news is pretty interesting -- -- -- -- what's -- happening with respect to it to the banks -- the and the second city.
At banking union or it's gonna take -- a wild months before this is putting into -- -- But if you look at these specific markets with dignity fronts we've had a very weak -- -- consumer confidence.
-- -- -- -- in recession is the problems with this unemployment rate and there are lots of consenting government policy isn't doing enough to make that country competitive.
At with respect -- activities that today was a little bit better German labor updates that came in an let at and expect to stiffen up front sentenced Democrats.
And then a bit of support on the economic front.
Okay it also appears that in the UK they have been able to avoid.
A double dip recession there was not a surprise or did everyone already discount that -- expected it.
Well it wasn't surprised that you know this is embroiled in some bad news to what we have today was really -- revisions that went along with a Q1 GDP data for the UK now.
I'll make the -- the Q1 number out quarterly basis was unchanged at point 3% to revisions effects -- -- some time ago the -- we were coming out.
Of the recession out of the financial crisis now what they've done.
And divisions is that -- -- -- that doubled to.
Hit pop to the recession beach music -- at 20112012.
There was no second recessions.
Backs at what we will to have is the news that the difference between may think that the peak before the recession before the -- -- financial crisis to the twelfth after the crisis was -- -- us at and we thought so -- we didn't have that public procession.
It said he felt like it and we know wine.
All right nicely done thank you so much for being with us this morning Jane Foley senior foreign currency analyst at.
Rabobank are rabobank and get that wrong all right but never mind let's go to -- Saito who's much better pronouncing these things I am -- -- -- -- -- -- a bit.
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