And whether it’s in the running of monetary policy or the wider role of the ECB in the European system, I think she’s going to be a really good leader.
There are some pretty deep divisions within the Governing Council as there are now across the Fed, the Bank of Japan as well, how do you expect Lagarde to attack that, do you think we’re going to see a more activist ECB under her? Of course, it’s always interesting and dramatic to focus on differences of view.