Well, it's early days for this question. Right now, we treat it as a downside risk, and it enters in the way you described it, which is that the European recovery, such as it is, the output in the European economy is still substantially below where it was before the crisis. Their recovery is very young and fragile.
As we know from our own experience and in the U.S. experience, business uncertainty is one of the variables that has really held things back. It's that lack of confidence that slows things down. Business uncertainty cannot be improved by the situation we're seeing there, so we take it in that way as something we can't really measure yet. Direct linkages are actually fairly small. You could predict linkages through a European banking system perhaps, the sanctions and so on. You may predict implications for certain commodity markets, but it's the indirect effects which are more concerning, I would say. That confidence can get dented at such an early stage in the European recovery, and the European economy is a similar size to the United States, close to 30%, let's say, of the world. That would be the sort of downside risk that we would treat very seriously.