 I think Germany will be the last country to leave the Eurozone, but everything is possible. My expectation, though, is that the Eurozone will have a future, will survive, but maybe not with all countries. It's very difficult to say how the Eurozone develops. It's clear that currently we have very big problems for which no real solution is on the table. The main problem being the divergence of price levels. Some countries have to become cheaper to be competitive. They inflated a lot when the Euro was introduced because credit was available at low rates of interest. A bubble developed and the bubble was driving the goods prices and the wages way above the sustainable long-term equilibrium. Now wages and prices have to come down. In Greece, one talks of 30% price cut, maybe more in order to be on the Turkish price level. They have to come down by 37%. The same in Portugal, 35%, according to Goldman Sachs. For Spain, it's easier, 20%, but also for France, 20%. So we have a realignment need in the Eurozone, but no one really knows how this realignment could easily take place. The most favorable outlook, I can imagine, is a period of slump of a decade or so for some of the countries which are too expensive. Because only through a slump do you get a wage and price restraint so that gradually by waiting for the others to inflate away, you can increase your competitiveness. This is what Germany did when the Euro was introduced. Germany went through a long period of slump and it depreciated, devalued internally by 22% relative to the trading partners in the Eurozone. That is the order of magnitude which we expect from France and from Spain. So it's manageable, but for Greece and Portugal, I have my doubts. You have a lot of critics on the TARCA II system. You stated that already the claim of Germany is over 600 billion euros. How can we solve this? The claim of the Netherlands is, I think, in the order of 150-60 billion. So this is a huge number for the Netherlands, even bigger relative to GDP than for Germany. In Europe we have a system where you can just notice the numbers and the numbers increase and increase. You can never call them due. There is a claim which you cannot call due. It has a rate of interest of 1%, which is not even the inflation rate. And that means that some countries export to other countries without receiving anything but these curious claims. The Netherlands, for example, in the last four years had a good export surplus. Usually for an export surplus you get assets abroad in other countries, either company shares or bonds or you buy real estate, whatever, but not in the case of Netherlands. The Netherlands just received money printed elsewhere in the Eurozone and therefore a claim against the ECB system, the target claim. Unknowingly the wealth of the Dutch savers, which they thought is well invested in a diversified portfolio, has been converted to a considerable extent to 150-60 billion euros into such mere claims of the Dutch banking sector against the Dutch Central Bank and the Dutch Central Bank has this claim against the ECB system. Again, this claim cannot be called due. It is a risky strategy for the Dutch savers.