Mr. John Doyle:

It is an obvious question. We played no part in deciding the amount of money set aside for the fund in the first instance. We are dealing with 150 credit unions, which have a real desire to play a part in restructuring. That €150 million represents an asset size of about €6.5 billion across the entire credit union movement, so it actually represents about 50% of this sector.

We hope to restructure that 50%, with which we are dealing right now, without availing of the fund. We consider that a very positive thing, that is, if we can put half of the credit union movement on a more sound platform without recourse to the public Exchequer.