I would generalize it, because we have been clear.... We generalize in global imbalances, but I want to talk specifically about fiscal: very much the risk is getting the balance right on fiscal policy. That means both: accelerating the fiscal adjustment too quickly or delaying it too long, in a number of major economies, the United States perhaps being the most prominent. But this is a common issue in a number of major economies: the need to get the balance right.
Something I did highlight— I won't go into detail about it, but I'll just put the reference in--in a speech a few weeks ago here in Ottawa is that we referenced this issue of the markets and the political process actually accelerating adjustment on the fiscal side too quickly, and that driving deficient demand on a global level with knock-on effects.
With respect to the United States, the fiscal challenge in the United States is considerable, and we would support calls for a sustainable fiscal plan to be outlined and implemented.