Mr. Aidan Carrigan:

In regard to the resolution, I believe the Deputy is pointing out to me that some member states might be stronger and in a better position to intervene. That issue has been addressed by an amendment to the state aid rules. A national resolution fund was deemed as state aid and the thinking in this regard has been extended by the European Commission to stipulate that any payment out of the European resolution fund will also be treated as state aid. That will require the kind of restructuring and downsizing we have seen, or the kind of conditionality that is applied to state aid. Even when a strong country chooses to intervene with its own resources, it will still be subject to the guidelines on state aid related restructuring of the institution concerned-----