Dr. Eddie Casey:

Where we started, we were sixth highest among advanced, OECD countries, in terms of net debt and when cash assets and so on are stripped out. We would have been behind the likes of France, Portugal, Italy, Greece and Japan. It is almost impossible to say where each of those countries will end up in terms of debt because we just do not know what kind of stimulus they will introduce or how badly their individual economies will be affected. I imagine that if each country is affected broadly equally, we will still be towards the very high end of the pack, but it is just too uncertain to say at this stage.