Mr. John McCarthy:

I wouldn't say everything of a negative nature would need to be taken out. My experience is that some issues might need to be nuanced, so for instance, when in the 2006 report of the OECD, which is the one that talked about house prices and some over-valuation, there was some nuancing of the word but no attempt to change the overall message that the OECD was trying to convey. Remember, it is a report, not compiled by the Irish authorities, but compiled by the economic development and review committee, the so-called EDRC: it is their language. So, if they want to say black is white, they can say it. They have to stand over it but what we can try and do is say, "Well, listen, a better understanding of the Irish economy might involve looking at the wording here, a little bit of nuancing here and there." But I would stress we do not engage in as much of that as a lot of other countries.