Mr. John Moran:

No. I did not say we are fully out of the woods. I have already stated that we have many risks. One way to describe it is that we have dark shadows in every area. We are not in a particularly vibrant world at the moment. We have gone through a system over a number of years of low economic growth which has, by definition, depleted many of the balance sheets of various enterprises, including but not limited to the banks. We can see a number of downside risks but we can see considerable upside risks on the environment as well. The problem is to monitor them and share the information and the lessons we have as much as possible so we can get other people's views on them.