Mr. Gerry Mallon:

A crash could be determined by one of two things. The first is a bubble, which is unsustainable and implodes. We do not believe there is a sign of that at the minute because there is affordability. Alternatively, a crash could be brought about by an economic crisis. Who is to say that some external factors could not have an impact in this regard? Our forecasts for all the trends that are known and observable at present are positive for the Irish economy, so we believe the risk of that kind of crash is low at the moment.