Mr. Colm McCarthy:

Something like that, yes. We have been very lucky. However, that happened in part because of the promissory note deal done with Mr. Mario Draghi, who managed to atone for some of the sins of his predecessor, Mr. Trichet, and took some of the debt service costs of the promissory notes off the Exchequer. In addition, as a result of the quantitative easing operated by the European Central Bank, the NTMA has been able to replace more expensive debt with cheaper debt and has managed to sell some longer-term bonds and manage the maturity structure quite well. It has done a good job.