Mr. John McCarthy:

Yes. A state is supposed to improve its structural deficit by at least 0.6%. Ireland will do that. It has done that under the expenditure rule and the Commission has assessed our budget as broadly compliant with the Stability and Growth Pact. If a one-off factor throws a state off that, it is not held responsible. I would not say that I am relaxed about it, but having a medium-term objective that is 0.1% off is not something that would keep me awake at night.