We seem to have a consensus, including everybody but the Conservative Party. That's good.
Let me now come to the question of the pension guaranty corporation, in relation to what you said, Mr. Farrell, about not favouring preferred status for pensions in bankruptcy.
I understand your argument: the problem is that it leaves the pensioners in a bad situation. Two of the countries you mentioned that are not giving preferred status are United States and Britain, both of which have a pension benefit guaranty corporation. Don't you maybe have to have one if you don't have the other? Otherwise you leave pensioners in a really untenable situation.
I see Professor Lee is nodding his head, so let me ask him first, and then go to Mr. Farrell.