The size of the challenge ahead is not to be underestimated but it's one that I'm sure he's going to throw himself fully into.

Ferrari is synonymous with success in Formula One, ... This is an enormous boost for the team and underlines our commitment to compete at the forefront of Formula One.

The changes for next year will be good and it is encouraging for the bigger picture of Formula One.

Adrian is comfortable with his decision. I am not familiar with the full detail of what happened last time around but he has informed McLaren and he is a free agent as of the end of January.

Alonso's move was certainly very interesting, particularly in terms of its timing. I think the formula one driver market in 12 months' time will be more fluid than at any time over recent years. It will be fascinating to see how it all works out.

One wants to make sure that it continues to build and not to be too far ahead of the curve in monetary policy if at the same time fiscal policy is also tightening.