Professor Philip Lane:

That is part of my job. Part of our financial stability role is to make assessments. When I spoke in Cork last week, I pointed out that one of the risk factors for the economy is the rise in global protectionism, and also possible changes to tax systems in various countries. To the extent that that poses a risk factor for the multinational sector is a major risk for the economy. It is hard to put a probability on it. The commitment of Ireland to this globalisation strategy has many benefits, but it is also a vulnerability because what can come in can also go out.