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and obviously with the russians most feared and are most the ukraineout is gravitating to the west more than it already has, meaning becoming part of the european union, or nato. .ussia will be proxies the separatist will sustain their influence in the ukraine in that manner. mr. quigley: do you see the status remaining the way it is everything there is renewed conflict at different times, but no dramatic change recently it is? obviously there is renewed conflict at different times, but no dramatic change recently. mr. clapper: i think they will maintain the status quo, but there are incidents occurring on the line that has been drawn the of the minsk agreement based on upstart separatists that the russians do not control. john, do you want to add to that? john: there has been some movement with the minsk agreement, but are have been shortcomings. your characteristic characterization of a frozen conflict there are questions about how the russians will extricate t ....
cisco just posting its worst revenue decline in five years. and gdp in the second quarter did not go at all. the compass the economies of both germany and france actually shrank. u.s. markets are waking up. you are with that european news. we are joined by bloomberg economist david howell. the numbers for germany, france, both worse than excited. it d take the markets by surprise? yeah. both of those numbers were less than expected, so they took the markets by surprise. the moral of the story is the drag on growth came from weakness because of the unusually mild winter in europe having advanced construction activity, which kind of stole away from the second quarter. the other is the drag from that export, which is partially linked to the situation in eastern europe with russia being a very large trading partner of germany. that meanid, does things will get worse, or was this just a one-off? unfortunately, it looks like things are set to it looks like the growth ....
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