Mr. Sebastian Barnes:

To be clear, we are not saying that €2.5 billion is the appropriate number; we are saying that it is within the range of appropriate numbers. There are trade-offs which might be struck in different ways. What is clear is that the more money that is put in, the more these kinds of inflationary pressures are contributed to. Ultimately, what we are doing is using our professional judgment and looking at the kinds of tools and models we have and we see that these kinds of measures would contribute somewhat to inflation. We also know that there is a lot of pressure and demand in the economy. The Irish economy is continuing to grow quite quickly so we believe that, while there would be higher inflation with this, it would not radically change the picture. It seems to us that it strikes the balance.