Mr. Vasileios Madouros:

If you look at the end-of-the-line exposures, Ireland is certainly particularly exposed. That is for different reasons. Our exports to the United States are large compared to economic activity. Our links, in terms of multinational companies, including US multinational companies, play a big role in the domestic economy. Our overall both openness and linkages to the United States mean that the exposure of the Irish economy is higher than average in Europe.

We are, of course, starting from a good position, as I mentioned, in terms of the economy and the public finances. As we have been talking about today, there are things within our control that we can focus on, including addressing some of these key infrastructure deficits.