 Well, I think the biggest problem that has come out of the Eurozone experience is related to the banking system's large holdings of union members' sovereign debts. When these go bad, come under stress, the bank's balance sheets are affected. Those in turn raise the possibility of sovereign bailouts of the banking system, which would further increase the debts. So that has been really the major problem as I see it. If this were not the case, then defaults would happen, or could happen, but wouldn't necessarily be such a big deal. We're so afraid of them because we're afraid that a default will bring down the financial system.