Mr. Michael McMahon:

If I could stress one thing at this point, it is that we are having these conversations. It is actually very healthy that we have this conversation nationally. I took part in the National Economic Dialogue recently. There seems to be an incredible support for this from lots of the social partners in order that we do not repeat the mistakes of the past. I took this to be a very heartening position to come out of that meeting. We need to be careful because the devil is in the detail about what this fund is trying to do, how you run it, and how you set it up. The Deputy's opening question was about the details. I think it is the right question. We need to think carefully about the details and get them right.