Mr. Sebastian Barnes:

I just wanted to comment on investment because investment projections are actually quite strong. There is obviously a very important issue around investment in the domestic economy. One of the upsides of Ireland's openness is precisely the ability to attract capital from other places and the fact that this means that much of the productive investment in the economy is not particularly reliant on the domestic banking system but reliant on the international banking system. The international banking system is not doing a particularly good job either but, on average, it is in better shape than the domestic system. Coming from the outside, I find it surprising how strong some of the machinery of investment has really been, once one strips out the aircraft. Ireland seems to be relatively successful at capturing a disproportionate share of the investment that is going on around the place. That is a positive notwithstanding the domestic problems.