Thank you.
I'll continue on the issue of Europe and the sovereign debt crisis for some European countries. Obviously with measures that are being taken, there's going to be reduced spending, and the differential between what banks now have to keep on hand as a security measure versus what they lend will have an impact on economic growth. This will obviously have an impact globally and some impact on Canada.
Given this ongoing debt crisis—and there have been a number of measures taken—what is the potential impact on Canada? What would the impact be if a major country, such as Spain, defaulted on its debt?