Chairman:

Can I just clarify that question because I think it is a very pertinent one, given that your area is taxation and the Department of Finance? There was the other issue with Mr. Nyberg yesterday regarding the banks. I suppose the question Deputy Higgins is asking, and I think it is the critical one to put to you this morning, Mr. Wright, is that there was a structural deficit in the tax base of this country when the economy crashed, besides the bank debt that was there. That was €60 billion, as a lump sum one could say, but there is a €30 billion deficit, which is on a roll-over year after year. It is not that one is worse than the other, as both are bad, but in terms of trying to correct something, which do you see as the more difficult? Which do you see as the more problematic over a period of time, a legacy banking debt or a major structural hole in one's finances?