Mr. Seamus Coffey:

Absolutely. We would maybe like to see it more formally introduced. There should be a fiscal framework for Ireland and we should do it in terms of our own national income rather than the EU approach of GDP. The EU limits of 60% debt and 3% deficit, in terms of GDP, are pretty much meaningless to Ireland because our GDP figure is so elevated. We recognise that GNI* and MDD are used in the annual progress report, but we would go so far as to put them on a formal basis.