We believe that stable equity markets will support demand for (unit-linked) products, particularly in France and the U.S..

Merkel knows EU integration had been driven by the decades-long relationship between Germany and France. But I think the view is shifting. I don't think that Merkel is prepared to wait for France to emerge from its political malaise.

Overall, the results projections are slightly above expectations, based mainly on the upbeat outlook in the non-life insurance business.

It was normal for us to lend our support to candidates from (African) countries with links to France,

We don't want a policy of confrontation and sanctions and will keep our doors open for negotiations (with Iran).

I felt I needed to tell the coaches I needed to do whatever it will take to make the team better.