Dr. Donal Donovan:

There certainly has been no sign that this decision - which may have been anticipated by the market - has led to any negative reaction. That is absolutely true. To be honest, the question which could arise as we look forward into 2014 and the possibilities in respect of bank recapitalisation, uncertain growth in the euro area, etc., is that were things not to work out, the markets might become a little nervous. We are all hoping that will not happen.