Mr. Mario Nava:

I am not here to speak about the Irish context. I am here to speak about the European legislation. What I know about the European legislation is that the potential retroactive application of the direct recapitalisation mechanism is decided on a case-by-case basis and by mutual agreement of all the ESM. In making this statement, which is a bit general and simple, and is to be found in the rules with no reference to any particular country, I am repeating what the rules say: on a case-by-case basis and with the general agreement of the ESM members.