I want to refer to the European Union budget. I used to work in the agriculture area but when the former MEP, Alan Gillis, became a member I moved from agriculture to the budget committee. The budget of the European Parliament is so small that it is not very important in the context of the European economy. It does not affect to any great extent unemployment figures or the strength of the currency. There is no over-spending or borrowing. The European Union controls just 1% of GDP of the European Union. My understanding is that the American Federal Government takes approximately 16% or 17% of the national resources. Ireland currently takes approximately 35% or 36%, which is a big decrease. The average figure for Europe is closer to 40% but the European Union gets just 1%, some 40% of which is spent on agriculture, approximately 30% on Structural Funds and 5% on administration. We have a small figure amounting to approximately €5 billion – some people would call this significant.