 There'll be a huge amount of uncertainty and the Europeans will have to figure out whether they want to go towards more integration of Europe and more integration of the Eurozone, even if the voters are becoming increasingly skeptical about giving power to Brussels in the center, or whether there'll be more variable geometry and less autonomy of nations within Europe and the Eurozone, but then having less of an integration that might be needed to have a completely monetary union. I think these sets of economic and political uncertainty are going to bear on economic growth, are going to bear down on financial asset prices, and are going to create a significant amount of uncertainty.