Mr. Conor O'Kelly:

I would not like to comment on the AIB initial public offering, IPO, process, but it is well known and the Minister has stated that the proceeds will be used to pay down debt. That is the expectation of investors in the marketplace and any material deviation would cause them to rethink and take time to pause. I cannot speculate on what the impact would be. Given that investors loaned Ireland money to help to resolve the banking crisis by putting money into banks, it is not unreasonable for them to expect money to come back to them in debt repayments. I do not want to comment further.