Mr. Derek Moran:

Perhaps I will conclude? The net result was that we had a very big GDP number that drove down the debt ratios and, in fact, improved all the ratios. Internationally, debt ratios and fiscal ratios are reported against GDP. The net result is that we needed to look through the national accounts figures to see if we could develop an alternative that gave a truer picture of the underlying indebtedness of the State. An expert group was set up under the chairmanship of the Governor of the Central Bank, with participation by Mr. McCarthy and a range of other people. We anticipate, with the publication of the national accounts in a few weeks, that we will have the first indication of what is known as gross national income (Star), GNI*. This will be a measure that cleans out a lot of those issues related to globalisation and it will give a truer sense of what the ratio should be.