Mr. Carlos Martínez Mongay:

Ireland can use it when it rains because that is the goal. However, there are two different issues. The first is the fiscal rules. The rainy day fund is completely consistent with them, and precisely with this idea of achieving the equilibrium and then using the extraordinary revenues to compensate extraordinarily low revenues in the future. The other issue, on which we need to do further work, is how this is accounted for by an independent authority, EUROSTAT and the EU's statistical network with which Ireland's statistical institute works. From the economic point of view, the rainy day fund is completely consistent with the spirit and the rules of the Stability and Growth Pact, in particular with the preventive act because the idea is precisely that when the good times come we prepare for the bad times so that over the cycle we have a totally neutral fiscal policy. The other question is how is this accounted for statistically and this is perhaps where we will have to do work in the future.