Mr. Tim Fenn:

I am happy to take the question on the banking system. There was great disappointment in our industry when the European Banking Authority decided to reactivate its guidelines on moratoriums last October, but the Irish banks and the Central Bank of Ireland chose to go on a case-by-case basis. What this has meant is that unnecessary, restrictive credit policy is hiding behind this case-by-case method. We ask the Government to engage with the banks and the Central Bank to review this approach because it is our understanding that about 80% of our members would apply for a moratorium if it was available. At the moment only about 40% have actually achieved it. This is why we now see businesses that are closed being forced to use their much-depleted reserves to continue to pay the banks.