Dr. Mark Cassidy:

There have been two issuances this year, amounting to €7 billion. The first, in January, comprised ten-year bonds at a slightly negative yield, while the second, earlier this month, was at very slightly positive yields. That €7 billion accounts for approximately 40% of the overall planned issuance for this year, which is in the range of €16 billion to €20 billion. We do not have a figure for the amount of that issuance held by the ECB, although a significant proportion - perhaps of the order of one third, but I will seek to provide an exact figure - of the overall debt stock is held by the euro system. It is a significant proportion, although we do not have a figure for the most recent issuance. I can provide that precise figure in follow-up.