Ladies and gentlemen, we are going to begin the second hour. We're going to have to stop at a quarter after five to get into some committee business, so we'll have to move fairly efficiently.
Mr. Fox and Ms. Milutinovic, thank you both for coming. We appreciate your making the effort to be here today.
We'll give you the floor for up to 10 minutes between the two of you. I don't know how you're going to present. Then we can open the floor to questions from people around the table. There are earpieces, should you need translation. Beyond that, it's fairly straightforward.
The floor is all yours.