Question-and-Answer Session
Operator
(Operator Instructions). Our first question today will come from Steve Tusa with JP Morgan.
Steve Tusa - JP Morgan
Hi, good morning.
Jacques Esculier
Good morning, Steve.
Ulrich Michel
Good morning, Steve.
Steve Tusa - JP Morgan
Or good afternoon. In the first quarter and I am not referring guidance here. Are you guys going to be making money in the first quarter or around breakeven?
Jacques Esculier
Steve, I would say that we will try to not loose money, but I don’t provide guidance but our objective is not to loose money.
Steve Tusa - JP Morgan
I am sure the investing community can appreciate that objective these days. When it comes to the liquidity situation, any kind of visibility I know that governments are quite busy these days with other things. But any visibility on timing, any update on the EU decision to come?
Jacques Esculier
We have kind of intensified our connectivity with kind of government bodies kind of that could understand better or kind of appreciate the description that we make of our situation today, and what we provide them a lot of information, we don’t receive too much in extent which is definitely no more in favor. But I would say that overall, we understand as you said that they have a lot in their plate to-date, it seems that the debt that we had kind of anticipated of May, may actually not happen, it could be actually even later than May. What they are saying though is that it probably would definitely happen in the second half of the year, but that’s what we have to deal with. The only thing that we are really focusing a lot of attention to is to really kind of again defend our position certainly kind of feed them with the situation that we are going through which is very well shared, actually right now across the price and across the EU.
Steve Tusa - JP Morgan
Okay. And then the Western European production forecast does that include, I see the line for Western Europe and what do you expect from eastern Europe in 2009? I am not sure why it shouldn’t include the polar.
Jacques Esculier
Usually what I am saying is the western be it trucks, actually go to Eastern Europe are included in that 40%. What we call Eastern Europe abusively is Russia and our best assumption right now for Russia would be at about the same level as where we say either in our emerging countries.
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