Professor John McHale:

My colleagues will give their views. We still believe that an adjustment of €3.1 billion would have been appropriate. That might have allowed for scope to reduce the adjustments as we moved out to 2016, but sticking with the plan was the appropriate adjustment.

Deputy Kevin Humphreys is correct in stating that the Cabinet will make the decision. What we are giving the committee is our judgment. One aspect of our judgment is that it is totally based on the economics. Ultimately, the decision will be a political one, and political factors will enter into that.