Is There a Risk of a Recession in Europe?

The big risk to europe, or the big thing that i think increases the probability of recession in europe, is the shifts that are going on with respect to energy supply. Given the war an ukraine, there's a rethink and a resort of all that, and that's going to create disruption. It also pushes prices up, and it affects the demand side. And so there's no question, with that pressure, you have to say that on balance, yor the chance of a recession here in europe is higher than in the states. A bit mor longer term, yes, how you look at that situation, because, you know, the shift has taking place,