Mr. Feargal Ó Brolcháin:

As I outlined in my opening remarks, the purpose of it is for the specific case in which an ESM member experiences acute difficulties with the financial sector that cannot be remedied without endangering fiscal sustainability due to a severe risk of contagion, and if other alternatives would have the effect of endangering their market access. It is clearly identified as being an emergency if it is the case that the member state could avail of another ESM instrument without endangering its access to the markets. That would come first.