Mr. Neil McDonnell:

To generalise, with the great recession the proximate cause of issue was banks moving on creditors, whether business or consumer. In the interim our laws have changed. Personal insolvency has changed, as has bankruptcy, and we have Solvency II. Therefore our banks are in a far better position to handle poor debtors. This time, the biggest creditors of SMEs are other SMEs. Typically, after bank debt, SME balance sheets will have between €50,000 and €75,000 of debts to other SMEs. As the supports taper and we emerge from this-----