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At the moment we hit 1. 40 on friday. The climate index, 110. 6, so a little better than the forecast 110. We have seen the dollar weaker against the yen, but the euro seems to become more of a safehaven currency than the dollar over the last week or so. So plenty more to come on that. Joining us with his views, chris watley, good morning to you. Nice to see you. Good morning. The Germany Economy is chugging along rather nicely. The question is how much of a benefit it is to the rest of the eurozone. Europe is in a clear recovery phase. Thats been ongoing for 12 to 18 months. We have seen terrific flows over the last 12plus months into the equity market. The question now is whether you can start creating credit in europe. That is the last piece of the growth puzzle that were waiting to see, which we think may come this year as we see the credit expansion. Are you concerned about france or not . Pmi was slightly better than we tho ....
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