Mr. Niall Conroy:

There is European data on the capital stock in each European country. It is available on the Eurostat website. We took that in what we would call a constant process and compared it per capita across a number of high-income European countries. We took the average of the high-income European countries and compared where Ireland stood. Ireland was about 50% behind in the mid-nineties. We have closed some of the gap and we are now about 25% below.