Professor John McHale:

It would depend on the amounts. The plans laid out in the spring economic statement involved an expansionary package of €1.2 billion. It said that the package could be between €1.2 billion and €1.5 billion, but the plans themselves were based on a budgetary package of €1.2 billion. Our calculations suggest that to be fully in compliance with the various rules, the package would be somewhere in the region of €700 million. The precise figure may well change by budget time. There are many moving parts to this. Our concern is that, based on the Government's own best projections, it set out a plan that was not fully consistent with the requirements of the framework.