John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

I thank Professor Kane.

Following on from the question of Deputy Doherty, with regard to governments that enter into blanket guarantees, once a guarantee of that nature is entered into, is it virtually inevitable that the guarantee will have to be continued until the immediate crisis passes? To use another driving analogy, of which Professor Kane has used many, is it akin to the no claims bonus? Once it is entered into, not continuing to avail of it means there is a disproportionate penalty for exiting until the immediate crisis has passed.