Mr. John Murphy:

The fact that the vast majority of firms in Europe are SMEs, which is correct, was referred to. I emphasise again that, as part of the EU agenda and outside it, we are very focused on the importance of SMEs. In the past two years, and despite the recession, an average of 2,000 new firms were formed every month in this country, so it is extremely important that we find ways to support them. It would be incorrect to say the Enterprise Ireland programmes, for example, are totally focused on larger firms. It has a suite of programmes which are focused on very small enterprises and at ways of helping them to grow. In fact, the vast majority of Enterprise Ireland's 3,500 portfolio firms are SMEs.

It was said that 84% of administrative costs were associated with EU directives. I am not sure to what that 84% relates.