I think we have done a very good job in the past, and we will continue to do so. 26) Has the risk of a disorderly global unwinding increased or decreased? Answer: There has been and there is an important risk for a number of years. That is absolutely clear.
Our working assumption is that there will be an orderly unwinding, because we trust that homework which has to be done will be done. And we call on all partners to be responsible and consistent. 27) One specific imbalance is the housing market bubble. Do you think that the situation has improved or worsened in the last few months?