Dr. Eddie Casey:

I will add to that because it is a really good question. We might need to get away from thinking about things in terms of whether we can afford or finance them or if they will be allowed under the rules and more towards thinking if it is the right thing for the economy now and will we get as much value for money if we do it today as opposed to, say, if we did not have full employment and these capacity constraints we are facing in construction and elsewhere. Are there other ways to achieve the same ends rather than just throwing money at the problem? These are the types of questions we need to start thinking about carefully because the financing constraint is not really a problem for Ireland.