Neasa Hourigan (Dublin Central, Green Party) | Oireachtas source

I thank Professor McQuinn. That kind of sets me up for my next set of questions, which relate to interest rates. I have another question before we move off the topic of Russia. I am not an economist so it might be a slightly stupid question, but if there is a state default, will firms such as those in the IFSC necessarily default? Will they have to cease trading or do they not necessarily have to do so?