That was intentionally done by the central bankers to boost the euro a little bit. I think that the chance for a rate increase is pretty small, as we are living in a disinflationary scenario. In 2001, it will be lower than the U.S. is today. You are probably also going to lower your tax rates, but there is a significant tax reduction for corporations coming down. One more sector we're interested in, is the banking sector.
Spanish banks look a little bit expensive.
And they all have the same thing in common. They're trying to restructure and trying to bring down their risk profile. The chemicals are doing quite well here in Europe right now. It looks cheap compared to others. This is a very fast-growing business.