And let me add a more political remark. In a world which is more uncertain and volatile than ever, Europe can project itself on the world stage and work jointly with China to provide stability. What are the positive risks from Europe?
History tells us that people tend to underestimate economic downturns and, likewise, in an upturn, there is a risk of underestimating the strength of the economy. For instance, we see very positive dynamics stemming from investment and domestic demand, and this creates positive multiplier effects. II.