Thanks very much.
I'd like to pick up where I left off with Mr. Spear about postal banking options in Europe. Mr. Clarke broached this topic as well.
I want to ask you specifically about Swiss Post. It's been suggested that postal banking only works where the private banking sector is underdeveloped, and that's clearly not the case in Switzerland. I wonder what your thoughts are on the success of Swiss Post as an integrated post office and banking operation.