Professor Michael McMahon:

I will make it really hard on Mr. Conroy because I am going to make one last point so he has none left to make. On the Celtic tiger era, one of the other facts about Ireland is that when the crash came, actually quite a few of those people who had come in for three, four or five years then left . That is a loss; they leave friends and so on. From an economic point of view, that is a very flexible labour supply adjustment. These people did not then suddenly become unemployed. When it looked like they were unemployed, they went to other places. That really helped Ireland even though it was a very difficult adjustment. It could have been a lot worse if everybody who had been here had stayed. Again, there is a benefit.