 So, thank you so much and thank you again, Thierry, for allowing us to have this fruitful debate. My name is Aurélien Biyot and I'm the head of trade policy at the French General Secretariat for European Affairs. My job is basically to bring ministries in the same room and to make them talk together and have possibly innovative ideas on trade policy. Data is, of course, one of these issues, a rising issue to that aim. And as we are in the world policy conference talking about global governance, I think it's very useful to have this other side of the mirror. So if you allow me to take a step back, we've had presentation on four very promising startups from different parts of the world on different domains. In Europe, you have about 6 million entrepreneurs in that field. For about a value of about 60 billion a year, it's going to be 110 billion by 2020. So it's a very thriving industry. And at the same time, we see some difficulties. Some are difficulties of old, like the question of regulation, of democratic ownership, and other are new questions such as the speed at which these technologies evolve and at which you need to react in these fields. The fact that on big data platforms bring monopolistic issues, and finally the issue that was mentioned earlier in the conference, that if it's free, you're the product, which means that you have to deal with different environments. I take also from previous intervention that we have a mix of a thriving economy. At the same time, we have lots of emotional and political issues to solve. So what are the main challenges for the EU to act in a policy perspective? I see three main challenges. The first one, which Patrick alluded to, is data governance, or let's say data privacy versus data sharing. The benefits of sharing are huge. Everyone has used Google Maps to know where the traffic jams are. At the same time, you might not want to be geolocalized at any time, and therefore a balance needs to be struck here, and as no one is reading the terms of use or the authorizations of the apps, it's a first, maybe one of you has, but so it's a first policy question. A second is the alternative between access and security. One of the huge challenges for data is to share it, but at the same time, you have security concerns that justify limits on that, and fragmentation issues that have the same impact. The third main challenge I see is that of fair competition. One way of saying it is that these big data technologies challenge almost every business we can think of that challenge traditional industries when Uber, a data company goes in the field of taxi drivers, that challenge tax models when Apple only pays 50 million in taxes for 16 billion in benefits in Ireland, that challenge cultural diversity because online media is not subject to the same rules as traditional media, and finally, as a European, they challenge our economy because the US now and possibly China tomorrow have quite a competitive edge to that regard. So what can the EU do on these three aspects? And I think it brings us back to Natalie's remark of trying to build an ecosystem that allows this innovation to strive while addressing these three issues. So on data, for example, we both have an issue with personal data, which is data which is linked to someone and non-personal data. I think the issue on personal data, we have an EU regulation, and the fact will be how to implement the new EU-US data information, personal data information exchange. You might know that the previous one, the safe harbor was disqualified by the Court of Justice of the EU, and the new one, which is enforced still since last July, is a bit smarter because it allows for better enforcement, and it will be extremely important because, of course, this personal data goes to the US. On non-personal data, what EU policy can bring is to define precisely what barriers make sense and what barriers do not. For example, when you want to protect critical infrastructure, when you want to protect security issues, when you want to have platforms, online platforms that can resist attacks, these are legitimate barriers to data transfer. On the other side, it means that there should be a free flow of data on issues that are not sensitive to that purpose. On access, access versus security, there is also this big work to be done on standardizing platforms and agreeing on common European standards, which will also be done in link with cyber security issues, and addressing the issue on enforcement, and these links with what Edouard said on accountability, because having access to this data is what will allow us to implement this accountability. And finally, on the level playing field, which might be the most complicated issue, I want to go back to some points, for example, that Natalie made on developing skills or investment, but I would like to stress, of course, the French proposal to find a way to tax profits where they are made, and I will only stress that the complexity of the issue, because of the difficulty to localize profits, and hence the idea of also taxing sales. So as a conclusion, in this thriving environment, we need someone, we need an entity with a democratic ownership that can address these issues of data, data privacy of access versus security and of level playing field. And I think that the EU has a chance here and could help fill this gap for all of us. Thank you very much. Thank you.