Deputy Stephen Donnelly:

I understand Deputy Humphreys asked about local budgets. I will pass the information on.

I have another point of clarification. On the retrospective recapitalisation by the ESM, it was mentioned it was only for sustainable or viable banks. The Irish position is that retrospective recapitalisation was sought. Am I right in thinking that we are explicitly not looking for retrospective recapitalisation for the public moneys used to recapitalise Anglo Irish Bank and Irish Nationwide? If that is true, why is that the case?