The OECD also lays emphasis on the importance of regulatory reform in the sheltered sector. One of the issues that has emerged clearly from the report is how much better the Irish economy and employment are doing than was expected. In light of current conditions, an unemployment rate of 4.5% is a remarkable achievement. There is no doubt that in the euro zone – I had the benefit this morning in my home town of talking to the chief executive and other representatives of a US multinational – Ireland compares well. It was pointed out, for example, that in terms of wage costs in France, one would add on 50% in social costs, while in Germany one would add 30%. In France, employers also have to contend with the 35-hour week.