If you have been noticing what Minister Flaherty and Governor Dodge have been doing, they have been raising the question of the role of the International Monetary Fund in the context of the global imbalances and what can be done to achieve a more effective response to them.
You mentioned the U.S. deficits. Well, there are other country surpluses that match those U.S. deficits, so it's not only one country that should change its policies. Both sides of the problem have to deal with the problem in a way that results in a smooth transition into a more stable situation, rather than a disruptive transition.
One of the things Mr. Dodge has been encouraging is for the International Monetary Fund to have a much stronger role in surveillance. At the spring meetings of the fund two or three weeks ago they agreed to do this. I think one of the real champions for bringing that about was Governor Dodge, but he's been strongly supported by Minister Flaherty as well.
Another element of that is going to be giving the strong emerging economies a greater role in the fund by increasing their quotas and, through that, increasing their voting strength and their influence around the table.
I think the initiative of those two elements is very well understood by the Americans. The Secretary of the Treasury is very much aware of the initiatives taken in that regard and we'll continue to press that in the United States. I know this will be done more broadly than only in the United States. It can't only be focused on one country, as I said in my opening comments in response to the question.