Cian O'Callaghan (Dublin Bay North, Social Democrats)

I will make a final comment on this. There is a very clear and strong case that when tax expenditures and subsidies are effectively not creating efficiencies in the sector - in fact, they are propping up inefficiencies in the sector, and I have given the evidence for that from the Central Bank - it is much better to use the resources in direct State investment where you have the type of market failures that we clearly have in this instance. That is the case I am making. I will be opposing this section.