Mr. Donal McNally:

Yes. I remember that, when we were subject to the recommendation, asking my Italian colleague what were we doing wrong. We had a surplus of 4%, and what he said was, "Well, with your rate of growth, you should have a surplus of 8%", which is probably true economically, but not really ... I don't see how you could do that politically. I did ask him if Italy ever had a surplus and he said once, in 1861. So I was speaking to the right man, obviously.