Mr. Edmund Honohan:

He leverages his investment. He says, "Oh, gosh, this is a good deal here at €10 million, I can put up €2 million and borrow the rest from the retail banks or from others." I mean Goldman Sachs, Blackstone or any of these people. He is looking at a really good return of maybe 15% provided everything runs according to plan.

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Deputy Richard Boyd Barrett:Is Mr. Honohan talking about the investor?