Mr. Sebastian Barnes:

This is a framework he set out that we have applied to Ireland. Very few countries and bodies have done these kinds of estimates. We found it quite helpful. Our view is that at its current level, there is a risk that debt could become unsustainable. We would have to take some action in the budget if things turned out very badly. However, we think that risk is at a fairly acceptable level at the moment. Of course, the lower debt is, the less that risk is. Some of the big pressures on the public finances are not really coming from debt; they are coming from these medium-term challenges. Pensions is the major one.