Mr. Barry O'Leary:

We have the ability to put an instrument in place. However, I cannot say anything on the policy side. The fact of the matter is that we charge money for putting a loan in place and have to find some way to have the loan paid back. There is an issue from the State's point of view. There are gross Government borrowing, GGB, levels to be considered, as well as the issue of whether any increase in borrowings would impact on the current EU-IMF deal because there are some constraints on borrowing. In terms of the mechanics of putting an instrument in place, it can be done. It is straightforward. We have the ability and the facilities in place. It is a question of whether the policy in place would allow it to be done. That would not be a matter for us to decide.