Mr. Michael Doorly:

The entire restructuring was complex. There was €400 million of debt on the balance sheet. The credit facilities of that €400 million could not be extended, so it was either restructure, as we did, or close the business. The only comment I have is that it was quite stark and I was involved in Periphery at the time. That was the choice, either restructure and take the write-down or shut the place down.