Of course insolvency is a situation business do not want to be in. But the reality in business is that 200,000 businesses are insolvent a year and we need procedures to make sure that we separate the bad apples from the good apples. Today is talking about preventative restructuring and second chance for debtors within Europe. For a long time the restructuring recovery rates for businesses have been varied across Europe, and the European Commission today is talking about how to make sure that the policy across Europe is unified and businesses are saved instead of being liquidated. Well I think we’ve been talking about insolvency reform for many years, probably more than 15 years in Europe. And I don’t think too much progress has been made but I’m very confident that now people are talking about it and there is going to be a concerted effort to have some form of insolvency reform. The proposal is seen as an important development to the Maltese presidency. We are still at the early stages; however, the objectives of the proposal are welcomed by member states. And I hope that this is a good start to go further because there is still work to do. Besides the law and the directives you have also the personal emotional side of the entrepreneurs. Across Europe debtors can sometimes go bankrupt and that can be the end of their financial life. The European Commission’s directive enables debtors, honest debtors, a second chance. The new proposal of the Commission on restructuring and a second chance for small and medium-sized companies will really help the SMEs. All companies will benefit but SMEs, small companies, as they have a lack of resources and they struggle most when they are faced with first severe complications and problems, they will be benefitting most from these procedures and from this proposal. Also after a bankruptcy there is still the stigma of the bankruptcy and if you look at, also, some surveys that forty-seven percent of Europeans are reluctant to buy from a person that previously went bankrupt, then we see that there is still a lot to do concerning awareness. We have taken a close look at the European Commission proposals and overall, we believe it’s a positive development because there is attention to not only preventive measures and restructuring after things have gone sour and not only on business insolvency or, you know, liquidation – kind of negative matters only.