Mr. Eddie Wilson:

My personal view is that the Europeans have a history of knowing when there is trouble coming. They have gone through many periods of upheaval. They know they have got a problem and they have to deal with it. Here we have dealt with it by taking positions as if there is an aviation position and a medical position. There is not. There is a middle ground here.

The Europeans approach it like that because they have been through this before, they have been through various crises like this and they get down to business. The German Chancellor, Ms Angela Merkel and the French President, Mr. Emmanuel Macron, are investing in their industries at breakneck speed at the moment. They are breaking every rule because they know what is actually coming. The EU bailout package is a sideshow compared to what they are doing with their private companies. That will play itself out over the next number of months and we will lose out because of that.

It may be a historical thing and there may be an island mentality here to some extent, which believes that it is all over there and cannot be over here. We signed up for being in Europe. I know people are concerned about this but there is a balance to be struck.