 Ladies and gentlemen, good morning to the very first debate session of day 3, the last day here. And I see the clock is already ticking, so we might as well be very good used of our time. I see as people are still piling in here in the room, I welcome you this morning. Two session titles, in a very unambitious manner, the European Union and the world. So this is really the all-encompassing panel that we'll be dealing with, because you might have missed with all the focus on Donald Trump these days and we had a spectacular panel of course, you know yesterday. You might have missed that the European continent is also going to be in there. And they said probably they've been to talk about that, about the European Union, where the continent is headed, where the Union is headed. I'm very pleased to welcome an eclectic, an esteemed panel here today. Each of them will get five minutes for opening statements and then will engage in a very lively Q&A with your participation. Of course, starting with the gentleman to my left, who of course is familiar to many of you, has helped many, many important positions, including as the Assistant Secretary of State for European Affairs at the State Department. He also served as Ambassador to Germany during a very critical time, namely from 1985 to 1989. And currently he's the Managing Director of McNulty Associates, the base in Washington DC, ladies and gentlemen. Please welcome Richard Burr. Richard, as somebody who's American obviously, but as I said, you served in Germany as Ambassador, work on the EU quite a bit. We're very curious to hear about the opening statement to hear your take right now on the current state of the European Union.