Let me now express my considerations as regards your committee, the CEIOPS. I think that CEIOPS is presently at the same time in a very challenging and quite privileged situation.
We all remember the severe financial crises that have occurred over the last 25 years, including the debt crises during the 1980s, starting with Poland and Mexico and spreading to Latin America, Africa, the Middle East and the Soviet Union; the Mexican crisis in 1994; the Asian crisis starting in 1997; the Russian crisis in 1998; and the Argentinian crisis in 2001-02.