Mr. Vasileios Madouros:

I thank the Deputy. I will start at a very high level, in consultation with my colleagues. One thing to say is that Ireland has a particular reliance on the information and communication technologies, ICT, services sector if we compare across different dimensions, whether related to, for example, employment, wages or public finances and tax revenues. We looked at this very closely as part of our last quarterly bulletin. There was a signed article that focused on the impact of recent developments and announcements on the broader economy. Overall, our judgement so far is that the announcements from the perspective of the overall economy and labour market have been relatively small in the context of what is a particularly tight labour market. Of course, it is a very difficult situation for the individuals involved. However it is in the context of a relatively tight labour market overall. Maybe one of my colleagues would like to comment.