Mr. Conor O'Kelly:

I have no idea, as I am not a GNI* expert. It will be another indicator and there are many indicators that investors consider. Debt-to-GDP is one of many indicators that display the health and vibrancy of an economy. Investors and credit agencies look for indicators of a country's ability or lack thereof to repay debt. As for getting hooked on one particular statistic or number and believing that is all investors and credit agencies consider, they are instead looking under the bonnet and way past these numbers to all sorts of additional micro-element. It is slightly unhelpful that debt-to-GDP is not an historical statistic that we can use as reliably as we could in the past, but that is more of an inconvenience rather than dramatic in terms of how it would affect people's investment behaviour.