Sort of where in the arc, the long arc that you've seen Europe, where are we now in that progress?

Well, I think it's great to be here, Walt, and to be with Merid.

I do think we're in an urgent situation, actually.

I agree with Merid that we are full of principles, we are a haven of stability in many respects, but we are faced with an aggressive Russia on our eastern border.

To put it diplomatically, very changed US policy towards Europe.

China, we have a trade deficit with China of $1 million a day.

And so with the energy price increases as well, the economic situation in Europe is serious.

How is that going to change in Europe? Should it change? I'm just curious, how do we get some of that capital working? Absolutely, it should change.