We received a great deal of money from the Structural Funds. Most people in the European Union believe we made good use of that money and that Ireland is a good example of the success of European regional policy. I take a different view. There is no question we received the money. If the money had just been posted to us per capita, per townland or whatever, it would have had a beneficial effect on the economy. If one looks at the trend in public spending one will see that between 1982 and 1992, when the European Structural Funds matured from almost nothing to €1,000 million a year, the highest figure reached, the public capital programme decreased in nominal terms by €10 million or €15 million from €1,800 million. Due to inflation, the public capital programme was reduced in real terms by 30%. This was when the Structural Funds flowed into Ireland. We must acknowledge that the money did not go into the public capital programme, even though we see notices to this effect throughout the country. The money found its way into public sector pay and social welfare benefits. I discussed the issue at the time with public servants and I got wide agreement from people who understood what happened. This took place during the terms of office of different Governments.