Thank you very much.
Colleagues, we're going to move to our first round of questioning. I'll remind you to try your best to keep your questions short; maybe the answers will be as succinct. We have a lot of material and a lot of witnesses. You can ask an individual witness for a comment, but by all means, ask for brief comments from all the witnesses. It's whatever you choose.
To start our first round, seven minutes please, Mr. Owen.