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Is Europe the Epicenter of the Next Crisis?
I don't think European banks could be the epicenter of the next crisis or what's going on here. The reason why I don't think so is because it reflects that was last year's. And one of the things we've seen to your question earlier about did anyone anticipate the impact on the UK bond market from that budget? And the answer was probably no, because Domino's fall. They fall in a complex system, such as the market. In a way, it's very difficult to predict. We haven't had a recession since 2008, right? So I think probably it's the same for US banks, which also trade at a discount compared to having used to trade pre