Mr. Derek Moran:

There is an important context in the stability programme update document that was published yesterday. When the €2.6 billion that has been committed is taken into account, the deficit for next year is 0.1%. We are improving from 0.2% this year to 0.1% next year. It is flat. This goes back to our discussion on debt and whether one starts to borrow money to spend. There is a long way between now and a budget set of decisions and the metrics change etc. It raises the question about whether, on the basis of the set of numbers that are available at this time, we borrow to do more or we make choices around reprioritisation and so on. There is a way to go on this.