Emmanuel Macron

the savings are largely channeled towards the bond market or they go outside Europe to search profitability.

And the third point, you mentioned it and I fully agree with you, is probably we have to find more appetite for risk.

More appetite for risk.

You should be much more risk taker.

So scale, money and risk taking mindset.

This is a very good question, in fact.

One year ago, we announced this 109 billion euro investment.

which is a big bunch of money, and we are deploying it, by the way, because more than 60% is already deployed, and we plugged a lot of sites.

It's in order to build data centers.

You're right.

We speak about UAE, US projects.

Why?

Because the technology is largely in the US.

But the data center, which will be deployed in France, will be used as well by our own players.

If you don't have the computing capacities, you cannot deploy.

And there are more cash today in the Gulf and the technology for data centers in the US.

But what we want to do is not to buy the solution.

When you want to be more sovereign, more independent, you want to...

transfer technologies and attract foreign direct investment.

This is exactly what we are doing.