Mr. Marco Buti:

It was relevant, in a sense. We highlighted in our assessment the risks related to fiscal prudence. We saw, in particular, that the model of relying increasingly on revenue arising from property taxes and housing taxes, which replaced a more stable form of revenue and financed Government spending, was a model which carried risks and we signalled that. That is what we did at the time. We rang the bell but, again, formerly, with a country in surplus and with a sizeable surplus in certain years, it was very difficult to say it was not behaving according to the Stability and Growth Pact, because it did.