Professor Vincent Cunnane:

I obviously agree with my colleagues but the borrowing capacity needs to be flexible as well. Sometimes, as a State, we try to get a single solution - here is a particular form of borrowing capacity. There must be the ability to have more than a one-size-fits-all. Putting student accommodation into Clonmel is different to putting it into Limerick or Athlone. We need flexibility within that borrowing framework to allow us to do a number of different activities depending on the needs of the region which we are serving.