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I'm really found an excellent spokesman the greatest journalist of business insider. And she spent a large chunk of earlier this week explaining why am completely wrong. About -- and bail -- didn't relent and island that governments coming in and giving blanket guarantees. You know it trillions of both of liabilities is never a good idea. Well I think the problem in Ireland was. That Ireland can -- its own money so you can't have some hard -- solution I. I -- -- -- you bit them in the hundreds isn't on the I didn't read only entity which can -- errors is the European central bank and fast movement in the money and. Right I mean I. I think what it's ultimately happen is ECB hacks to get involved in in some way or another the problem is that you know. Mario jockey that president of the ECB actually does not wanna get involved -- he will not get involved there's treaty changes. And that takes time and that's potentially times Europe doesn't have great. So without the ECB. If anyone in the market for look foolish enough to genuinely believe. That the French and the Germans and that -- in the days -- gonna come along and backstop -- I think has to be some guarantee of future ECB commitment so they're potentially measures you can take in the short run. That way it stalled the process that would say oh we are letting you easily be be a real Central Bank in the future I. A lender of left the lender of last resort and let that not only -- banks but to. So well right exactly and I think the saturns are more important on that well because it doesn't matter if if you European banks fail what matters is if the entire Europe. -- well it matters somewhat if if if banks -- because and the financial system fails and then you you know push the entire global economy. Into recession could we have fewer -- breakup with -- out of recession and we let. Leave these countries who have had that the bureau and let them the value and get competitive again and actually get growth that way -- up with this. Think you can I think it's gonna be really tricky to not -- a lot of investor confidence by doing that and when push comes to show. Will money be it will Germany and lungs and Finland will come together and provide the -- which they say they -- provide help if you spank me. I think they will it's gonna take -- long time to. Reached that level of commitment though. And by then keep the markets may not trust them -- if Germany for some reason gets gets downgraded the markets aren't necessarily gonna trust. That commitment anymore and if that fear keeps rolling you know it snowballs down the mountain on the sudden becomes an avalanche. And there's a point at which you can. Grow up a wall and stop it. But Amanda there's no rule is strong enough to withstand. That multi trillion. -- respect and YE. It's so important that you -- act this weekend -- the right I think it markets go up and markets go down bit. In that medium to long there is no way it sleep. Because that's. The China the probability that the European Union will thought we do exactly the right thing when they've displayed no ability to do that at any point in the different things -- I think Michael and I mean Europeans and I use relative European project -- -- -- the only if I hope that -- right and that if they managed to make the right noises this week and this will be able. Right and it's something we'll have an -- that -- -- They have been excellent thank you so much to a school.