Mr. Angel Mas:

As an example of our experience in Ireland, a couple may have asked for a mortgage. They could be a policeman and a nurse but if one of them lost a job, would they have been overborrowing at a rate of 25% of debt to income? That is not necessarily true. Such people have mostly avoided losing their homes. We have modified 15,000 loans and such couples are still in their homes, in many cases through the use of a split mortgage, where they are repaying what is possible and there is a warehoused element of the mortgage going forward. We have chipped in part of the cost of that split mortgage.