Is There a Squeeze Un Real Income?

I think we've had a lot of bad luck, you know, wii the situation in yo crane. And weu've got food and energy prices whent. So instead, we're geting this massive squeeze on people's real incomes. The thing about the urozone is that it does well when the economy is growing. But when the economy starts to go into dantrel those sort of ideological cleavages between the italians and the germans re emerge. It's manifested sometimes in the italian bond market.