Thank you very much, Mr. Généreux.
To answer your first question, I would say yes, the bill would have been perfect if it had ranked pension plans before the banks. However, that is not what we are asking for, because we understand the need to achieve a satisfactory compromise.
More concretely, in the case of Sept-Îles, for example, yes, there would have been an impact on taxpayers, inevitably. However, there is a very important difference to note: the City of Sept-Îles, unlike the company, cannot declare bankruptcy. The city would have had to pool the losses and spread them over 20 or even 30 years. A retiree aged 75 or 80 who is all alone and has to choose between paying for groceries and meeting other essential needs cannot pool the risks and spread the losses out over time, since they may have only five or ten years to live. That is the difference.
Certainly, a bankruptcy is not perfect for anyone.