 It's Michael Liechtenstein. Welcome to WPCTV. You are a big man in finance and also in diplomacy, and think tanks. How do you see the situation in the European Union? Is the Eurozone crisis genuinely over, or is it waiting to blow up again? No, I don't think it is over, and I'm afraid I think it will still keep us busy quite a long time. And what we do in the Eurocrisis, I think we are talking too much about the monetary measures, and we are talking a lot about quantitative easing, going down with the interest of giving a monetary stimulus, but it doesn't bring it. It doesn't arrive at what is in the American context called the Main Street. The economy does not develop, and my opinion is that the economy does not develop because there are not the right parameters around. We are highly over-regulated. I mean, this is one big issue. We are over-regulated in labor markets, in product markets. We have tax systems which are very complicated. I don't talk about the level of the taxes, but they are so complicated. We have high governmental overhead, sort of how we have by having these heavy states, heavy bureaucrats see our economy has high overheads. And I think we have another big problem in Europe. We do not allow an economic failure. So the risk aversion is enormous, and an entrepreneur has to take a risk. And every risk includes the failure. Sure. Do you see things changing soon? It seems rather doubtful to me. It is very doubtful. I think there are two countries who so far coped with this, and there are two small countries. One side is Latvia, and the other side is now Ireland. But the rest is not. Germany did something, but quite a while ago at the time of Schroeder, but it is now stagnating, and I think the biggest problem is in France. Absolutely. On that rather morose note, I guess we have to end this session. But thank you very much indeed, Prince Michael. Thank you.