Mr. Marco Buti:

Thanks for summarising. As I said, if one looks now with the benefit of hindsight, the blanket guarantee was a very large coverage and it clearly increased the risks of the perverse loop between the banks and the public. At the same time - at the same time - I think I indicated there, I understand also that the situation at the time was unprecedented and I do not envy those who had to make that decision, having in mind what was in the statement you just ... you've just read. So this is ... I try to apply this type of reasoning of trying to take into account the - let's say the situation at the time, and not judge only on the basis of what we know today, and in particular, not judge on the basis of a successful outcome of the adjustment. I think this is an analytical and conceptual mistake that we should refrain from doing.