Mr. Conor O'Kelly:

No, it is straight line amortised over the 25 years. That is the advantage, so when one has balance sheet restrictions, that is why PPPs are attractive and that is why one sees PPPs. Even in America now PPPs are starting to come up in states that are really struggling to borrow money directly themselves in the bond markets.

The second question related to European refinancing of other debt alongside the IMF. Mr. O'Connor would kill me if I did not let him answer this question because he was in the room when most of the negotiations took place so I will let him respond to that question.