It is for the people that policies are designed and implemented and, again, it is the people who design them. The outcome in Serbia which I spoke about is  largely attributable to the policy of President Vučić who will not be at the Forum, but who is nevertheless the first on the list of the people who contributed to such results.
As long as they have this confidence, financial markets are likely to continue to function smoothly. But my main concern is that if we don't make more progress in implementing the right policies, then we run an increased risk of global financial instability. And such instability could then spill over into trade in goods and services, leading to a dramatic decline in global growth.