Here is a rough transcription of the presentation for people who are hard of hearing. Apologies for the lack of grammar, I am working to improve the automated transcriptions -
hello Wednesday people we note that Mary O’Reilly and the top central bankers of Europe aren’t excepting the Lancs invitation to Jackson hole because they have things to do what have they got to do that so important or delay I think it’s about Spain I think probably the central bank has been given a report on the arm state of the Spanish banking system and it’s got them a bit worried are put down below just one link because I watched this as it went passed that on the twitter feed and from my head Conway man works the sky now and it’s Spain confirms its GDP shrank by 0.4% in Q2 second-quarter and as endnotes nasty but not as bad as Britain that shrank by -0.5% and that Britain with its own currency which it’s devalued shockingly over the last for five years and it had QE lots and lots and lots of QE Spain had none of those advantages and has got 0.4 minus GDP to U.K.’s 0.5.mistake is thinking that one of these two countries is lying its little maracas off Spain Ole watch this space at it while I
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