Mr. Terry Quinn:

We are not actually saying that because in a sense GDP is probably overstating the growth in the economy last year that we do not actually know what is happening in the Irish economy. We talked earlier about alternative indicators and the indicator of domestic demand to which we refer suggests an economy growing last year by 5% or 6% a year. While that is not 26%, it is more reflective of what is happening in the economy. It is not that we are saying we do not know what is happening; we are saying that GDP is not necessarily a good indicator of the underlying position.