Dr. Eddie Casey:

I do not think we will have any additional enforcement role. It is a possibility that bodies like the fiscal council could be asked to monitor these rules and whether a government is adhering to them, but I do not realistically see that being a requirement of fiscal councils very soon. One thing we could do, obviously, would be to look at the rules and whether they are reasonable given the nature of the Irish economy and how unique it is. I refer whether sufficient account is being taken of things like excess corporation tax and distortions caused by the activities of foreign multinationals. These are things through which we could add value to the rules and how they are assessed, but realistically I do not see a formal role for us any time soon.