Aideen Hayden (Labour) | Oireachtas source

Can we go a bit further than that? They are brought in for recovery. What happens if a bank does not recover? Have banks within the eurozone that are in the bad boy category been brought into the headmaster for recovery before moving up the food chain? Obviously, the restructuring fund is not yet in place. Where do we really stand? Deputy Boyd Barrett has raised an interesting point. We are not out of the woods yet at European level. I am trying to get Mr. Carrigan's opinion, as he appears before this committee today. What is the state of health of the European banks at the moment? Do we still have some bad boys in the class? Despite the nice charts we have on the steps and stairs and how it will all be euro-guided at the end of the day, is there still a risk? Where are we on that process? On a scale of one to ten, with ten being all 124 banks ticking all the boxes, where are we now in terms of the European banks?