Mr. David Duffy:

I wish to be clear in support of Mr. Byrne's comments. We will have fully engaged with and decided on a future strategy within six months in the case of all SMEs in difficulty. At issue is the complexity of taking two years to achieve an end result. We have engaged initially to stabilise but then we must develop a strategy together relating to buy-to-let, SMEs, the house, the in-laws and whatever other variations of transactions with which there is a good deal of connected debt. Sometimes working this out, agreeing it and executing it takes several years. To deal with them in a simple way in our minds we prioritise people staying within their homes and the associated multi-debt connection and we prioritise growth and stability in SMEs. These are the two informed principles behind what we are trying to achieve. We are trying to increase our lending but we must do debt restructuring sensibly to allow those companies to grow again.