Mr. Andrew McDowell:

Yes, but even if that denominator was used, it would show that Ireland is very low down on the EU league table. All EU member states are investing less in infrastructure now compared to prior to the crisis. There is strong evidence that this threatens to hold back European productivity growth and the pace of the European recovery. At the EIB , we certainly believe that at both the EU level and national level there needs to be consideration of how to increase levels of public investment in infrastructure.