Mr. Conor O'Kelly:

May I speak in very round numbers for illustrative purposes? I do not mean to underplay the materiality of the numbers. Essentially, if one looks at the 2007 figure of €47.2 billion and the figure of over €200 billion, that is an increase of approximately €160 billion in the debt during that period. In the region of €60 billion was due to the recapitalisation of the banks, while €100 billion was due to the operating budget deficits we ran during that period when revenue fell and we had to finance those deficits over that three or four-year period. Of the €60 billion that was borrowed to go into the banks, about €30 billion is likely to come back and €30 billion is unlikely to come back. Therefore, a net effect of approximately €30 billion of the increase in the debt, from €47 billion to €200 billion, will be due to the banking crisis.