I have never been in favour of the European Stability and Growth Pact. The way we were treated some years ago by the Commission on this issue was disgraceful and I defended the Government to the hilt at the time. I might not agree with the Minister for Finance's budgets but we were treated very badly and now we see France and Germany being treated in a completely different manner. It is outrageous. The stability pact is burying itself. For the Commission to say it will discipline France and Germany is nonsense. Germany has been hoist with its own petard because it demanded the stability pact. The treaties were more flexible. We do not want to run up large budget deficits but there is plenty of flexibility in the original treaties without hammering people under the stability pact. It should go and that would give us more room to fund infrastructure from our budget. If we learn one thing from this, it is to go ahead with infrastructural projects because that is what France and Germany do when it suits them.