Mr. Tom Considine:

As the crisis was evolving, it took time for the losses to work through because of the accounting rules with which Deputy Fleming is familiar. The peak underlying losses were not reached until 2010. We are now working our way through the process. The underlying loss in 2010 was €3.5 billion. It was down to €1.5 billion in 2011. The underlying loss in the first half of 2012 was €907 million. As the chief executive said, we hope to move into a better place in 2014 and to see the end of the loss-making period.