Thank you, Madam Chair.
Welcome to all of you. Thank you very much for coming here today and for giving us the opportunity to shed a little light on this subject.
Some people classify these as cuts, and I suppose there is some fact to that statement. But I think we also have to realize what they are at the same time. They're savings. These are not just arbitrary cuts and then the savings disappear into a black hole. What happens to that money, with the savings? If we achieve a billion dollars in savings, what happens to it? Is it just gone, lost?
Mr. Fonberg.