If they are still under U.S. control, it would have to be on the basis of some agreement between the United States and the country concerned -- and that agreement would basically establish the bounds of their rights.

All of U.S. industry would have preferred a more ambitious text. But if this agreement provides a path to move forward and conclude the negotiations by the end of next year, then that would be a positive outcome.

We couldn't overcome their size advantage. We couldn't control the boards on either side. We only got one shot on our end and they had several second-chance points on their end.

Yes, they've reached an agreement, but it remains to be seen whether the grand coalition can work and whether it actually delivers the reforms.

We remain committed to a consensual agreement, but we just have seen no movement. At this moment, management has refused to negotiate. They are still at $325 million.

While I am hopeful that an agreement can be obtained, a decision by the neutral panel on the question of contract rejection is still a real possibility. Our position on a rejected contract has not changed. We will not work willingly without a contract.