Mr. Valdis Dombrovskis:

First, there is a non-performing loans action plan, which was requested by member states. We are currently implementing it. I was speaking at length on this to others this morning. I will be responding to other members' questions so I probably will not be able to elaborate in detail on the action plan. I will just outline, therefore, what we are recommending specifically to Ireland. We have a recommendation for Ireland specifically on non-performing loans: "Encourage a more durable reduction in non-performing loans through resolution strategies that involve write-offs for viable businesses and households, with a special emphasis on resolving long-term arrears." Our recommendation to Ireland is a resolution strategy that involves write-offs. To be clear, that is what we are recommending specifically to Ireland.