In fact, we will have further opportunities to continue our dialogue very soon: I am looking forward to the visit of a delegation of this Committee next Monday in Frankfurt, and to meeting you again in Strasbourg the following day. Thank you for your attention. I will now happily take your questions and listen to your views.
This will be a foretaste of the macroprudential work to be carried out by the new Systemic Risk Council. In connection with the study of the Danish housing market, Danmarks Nationalbank pointed out that the strong impact of house price fluctuations on the economy is inexpedient.