Professor John McHale:

No actually, I take the Deputy's point that perhaps this should have been covered in the report. Thinking ahead to being in that situation and being a little bit at risk of speaking for the other council members, if there was no uncertainty about meeting the 3% target we would not argue the case for sticking with the €5 billion adjustment and we would seek to lower it. We are getting to a situation where because we were getting close the uncertainty did not exist because we pretty much knew what the situation would be in late 2015. There was room to perhaps pursue an investment programme late in 2015. That is something I believe we would be able to support. The key thing is to meet the target.