Mr. Gabriel Makhlouf:

What I will say is this: we certainly learned from the previous crisis. I am talking about the generality of policymakers. Some of them already knew about it during the previous crisis but they were in the minority.

We have learned. One of the big differences between the last crisis and this crisis which is worth bearing in mind is that the last crisis was a financial crisis and part of what needed to be done was to get the financial system-----