We are set to resume.
Good afternoon to our witnesses. Thank you very much for joining us today, particularly on a Thursday leading into a long weekend.
The format for the day is that we'll open the floor and each of you will be given up to 10 minutes to make a presentation. After all three of you are done presenting, we'll open the floor to questions from around the table. We do have rules with respect to timing for questions, not only for presentations.
I would encourage you to use your earpiece if you are not proficient in both official languages, because you will be asked questions in French and English. Of course, you are free to answer questions and provide your remarks in either official language.
I will open it up to whichever one of you looks most ready to go. Mr. Scholz, why don't you lead us off?