Mr. Derek Moran:

Let me be clear, this is where the structural measure, which is very difficult to understand and technically very complex, is important. We could have a situation where if cyclical taxes fell away we would not have to adjust as rapidly because it was a temporary blip and we would be allowed to continue to spend. It is not a kick and hope situation. At this stage these costs can be absorbed. Our absolute obligation beyond the trajectory is to have a balanced budget in cyclical terms for next year, which would allow us greater freedoms once we are outside the preventative arm.