Mr. Conor O'Kelly:

There are a couple of impacts. The first is the market impact of the surprise of the statistics. I said at the time that we fielded a lot of calls from investors, post the number, and there was a lot of explaining to do, and to some extent, if one is explaining, one is losing. GDP as a statistic and therefore the debt-to-GDP ratio and other ratios we use that include GDP are less valuable today than they were a couple of weeks ago because they have been distorted and are more difficult to explain. Investors we have been speaking to are already moving on to look at other indicators of our economic health and ability to repay rather than relying on the traditional debt-to-GDP ratio. It is less valuable as a tool than it was and if economists or the CSO comes up with some new series that is GDP without the distortions, then perhaps we could go back to having some confidence in that but for the moment investors are looking at other indicators in terms of the economy.