Mr. John McCarthy:

The ECB owned just under €28 billion in Irish Government bonds at the end of May. That is under the QE programme. It has also purchased bonds under the securities markets programme, SMP, but it does not provide details as to how much. There are also the ordinary purchases of Irish Government bonds, which are of the order of €15 billion to €20 billion. We do not have an exact figure. The ECB owns somewhere between €40 billion and €50 billion of Irish Government debt and the total outstanding stock of debt is approximately €200 billion.