Dr. Tom McDonnell:

It is a very good question. We cannot force them to reduce their prices. The legal costs in particular are something that even the troika tried to deal with when they were here and they were not able to adequately deal with it. It has been a consistent historical problem. In terms of insurance, ideally we would have a European insurance market that was adequately working and Irish firms would be able to access in that way. Anything we can do to facilitate that, perhaps as part of a broader capital markets union, but something equivalent for insurance, would be very helpful. We just do not have enough competition in the insurance market, arguably. Again, it goes back to the courts as well. We have to make sure that the compensation being paid is not so high that it makes it unviable for various businesses, which no longer exist in many cases in Ireland. There are very significant problems that are difficult to deal with, without direct State intervention to subsidise it or to take on part of the costs. It is a very challenging issue to resolve, unfortunately.