Ms Geraldine Tallon:

The local government auditor prepared an overall report, an activity report, in respect of 2011. It was published earlier in the year. Of course, we have concerns about a number of local authorities in the current economic climate. As a rule of thumb based on traffic lights, one third are in the red, one third are in the amber and one third are in the green. There are varying stages of stress in the system in terms of debt on the revenue account, and we are monitoring that very closely. We are in contact with local authorities on a quarterly basis in terms of their financial indicators for the purpose of EU-IMF monitoring.