Mr. Fergal Ó Brolcháin:

The Deputy asked a question on the 75% figure. This refers to financial support lending from the EU funding mechanisms, namely, the EFSF, EFSM, ESM and bilateral loans from member states. It does not refer to instruments such as the European Investment Bank or liquidity provided by the European Central Bank to the banking system.

On our programme funding, we have currently drawn down 80% of our total programme funding and it is broadly in balance, in other words, we have drawn down 80% of the EU funding and 80% of the IMF funding. The latter is not covered by the proposal. The 75% limit refers to a repayment, which means a country will remain in enhanced surveillance until it has repaid 75% of the financial assistance it has received.