ms. schaake?is. >> guest: i agree that's necessary, but there also some circheses that doesn't -- conferences that doesn't have to be a problem. i think we can be in a good alliance with each other, but each has their own role to play. when we look at issues such as swift, the storing of financial transaction data of e.u. citizens which are shipped in bulk to the united states to be monitored by a private entity, that leads to serious questions about democratic oversight, and we see sort of a backlash of that on the e.u. side. the other issue is that of fragmentation. james mentioned intellectual property rights. i think that's, indeed, a very important topic but also an area in which europe we need reform in order to benefit from the opportunity that is the digital environment brings to access greater amounts of audiences and to actually use the benefits that the internet has without seeking not to take care of the creators. but we have to rebalance that, and in terms of balance i think this alwa