Mr. John A. Moran:

On the last point, in the run-up to the budget and given that I perceive that to be a pure tax policy matter, I would prefer not to comment on it. On the issue of the funding of the banks, it is often forgotten that the European Central Bank already provides almost €100 billion of funding to the Irish banks at a relatively low cost of funding. In fact, that figure used to be €150 billion and part of the exercise of getting the banks back to normality must be to try to reduce that number, particularly the figure in respect of emergency liquidity assistance. This is a broader issue that must be addressed.