 In the room I welcome you this morning to a session titled, 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 through some headaches and troubles these days and 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 and esteemed panel here today. Each of them will get five minutes for opening statements and then we'll engage in a very lively Q&A with your participation of course.