Mr. Sebastian Barnes:

Bank lending is a key part of it and is one of the major differences with what we saw in 2008. In 2008, the banks were in the eye of the storm and their lending had to contract very quickly. That was hugely damaging to the economy, including to the SME sector, as we have discussed. The fact that the banks are in better shape this time, in addition to the measures that have been introduced by the European Central Bank, is one of the reasons the recovery should be much faster than it was in 2008.