Mr. John Corrigan:

No. Unfortunately, we do not have a crystal ball but to address the question seriously, I have made the point on a number of occasions that at 3.25%, which is the current yield on ten year Irish Government bonds, we could not have borrowed on those terms when we had a triple A rating. Currently, the bond yields are anchored to the low short-term rates, which reflect the very easy monetary policy being run by central banks. The short answer to the question is that as long as the European Central Bank continues to run an easy monetary policy at the short end, other things being equal, we are not likely to see a major change in bond yields.