Mr. Andrew McDowell:

There could be more flexibility in the fiscal rules for projects that are co-financed by the European Investment Bank. Because of our obligation to run these projects through a very intensive due diligence process in terms of their economic, environmental and social impact, there may be a degree of openness to the EU saying that if it is financed by the EIB it has to be a reasonably good project, and therefore it might provide some degree of enhanced flexibility. Ultimately, that is going to be a matter for the Commission and the member states.