Mr. Aidan Carrigan:

Deputy McGrath mentioned the Cyprus situation. It behoves me to point out that the situation there is a long way from the situation here. We have been through our bank restructuring and have well capitalised banks. We have set up our bad bank and cleaned up the balance sheets. In the first instance, that situation will not arise here in the foreseeable future. In the second instance, the Minister has made it very clear that what happened in Cyprus was particular to the situation there. Deposits in Ireland are clearly guaranteed by the Government.