Mr. John Corrigan:

The debt sustainability threat, as we saw it, was eased over the period of the programme by three key concessions. The first one was in July 2011, when the interest rates were reduced by around 2%. The effect of those was to reduce the interest rate on the stock of debt, which is the key metric in terms of debt sustainability ... to reduce the interest rate on the stock of debt by about a half per cent. So that was a big ... a big concession in July 2011. And then, the extension of the maturities of the EFSF and the EFSM from ... and finally, the substitution of the floating rate Government bonds with maturities of out to 40 years for the IBRC promissory notes. So the combination of those, certainly, significantly helped on the debt sustainability question.