He is obviously a very astute politician but he hasnt got a great deal of experience so we have to see how he builds up these policies he is stating and whether he will be capable of doing it and the other thing is you have to see what and who they threw their support behind next. Less austerity, more reform. What do you think he can do . Given 1,000 euro factory base to lowincome families as a first step. The fact remains it lee has major challenges and the debt is extremely high. A quarter of the euro zone debt is in italy and financing of that on a weekly basis is a major challenge, maintaining Market Access would be extremely important. Css to run because of his high debts, has to run a sizable primary which they have been successful in recent years but not as high as they planned to do and the reform agenda, potential growth in italy is extremely low. So the reform agenda to increase that potential growth had to encompass labor market reforms which are extremely difficult to deliv
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.
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