Fra december 2002 og lad os sige hele den første halvdel af 2003 så vi derimod en hurtig sænkning af rentesatserne i Europa, som vi faktisk begynder at se en positiv virkning af i løbet af 2004.
From December 2002 and throughout, let us say, the first half of 2003, there was a very sharp interest rate reduction in Europe, and we have begun to see the positive effects of this in 2004.