Elected. It was one of those famous sentences from last year. Maybe the first one on the enlargement issue, and i have to be internally grateful to my friends from serbia that he mentioned turkey. But any way, there is i dont think enlargement is imminent at this point. But there is the whole issue of neighborhoods, balkans, ukraine. I dont think we have time to get into the turkish question, although peter is one of the worlds specialists on that. But is it just kind of dead or is there some hope . Who would like to deal with that, isabelle . Some of the discussion is already under way, and that is already in motion. So if im correct, its serbia montenegro who are in the wings to join. Ive spoken to people in the European Institutions. They just said at the moment there is enlargement fatigue and you cant expect another wave following the serbia and montenegro joining. Mostly over concern of the economy. A lot of the arguments that britain have thrown up romania and bulgaria joining.
In every meeting from now on i will support him. So its not a personal question, its really an institutional question. A new electoral body like the parliame parliament. A super candidate, i am always happy to see french people in a position to be candidates like that, but i think that the parliament has no reason to accept anyone coming outside from an electoral region. So mrs. Legarde, i think theyre excellent candidates, both of them naturally, promoted to higher positions, international positions. The debt question and the jobs question. On the debt question, there are two separate issues. Sustainability where it really depends on ability of the country to finance its debt and the markets to accept that debt, and that could be different levels. Japan has very high debt but it cant finance it. Other countries get in trouble. The impact on growth is another issue. It is i think if you look at correlation of investments and debt you see that high debt leads to lower growth. If you loo
Convention was the same challenge that were trying to address. Weve got to connect better, be more relevant and reach the citizens. We wrote the script essentially back then and were still trying to find ways that can do it. So theres no difficulty we can always stand up and give the speeches about ideally the way europe needs to go forward, balancing this and that, and so on. But actually the challenge for us to do it this time is what is so huge. Let me reecho peters plug on that. There may be some shortterm complications, as there are here in the United States because of the midterm elections. Essentially, its the response to that big question of how we try to channel globalization and the u. S. And europe have huge responsibilities there. Because a winwin thats fair and balanced and seems thats what is needed. I think an intelligent, fair, balanced tip is part of the answer rather than the problem. Thank you very much, ann. I think well go now to a little bit of a question and answ