John Gilroy (Labour)

-----as well as the circumstances in Greece and the uncertainty about Spain. Yes, the rate did go up, but it now remains steady at 7%. That is a reduction of more than 100% compared to the rate two years ago, so we are doing something right.

Sinn Féin has said it wants us to reach a position in which we do not have to borrow. Did the last three months not exist, or what? Was that not exactly the reason Sinn Féin was arguing against the stability treaty - because we would not be allowed to borrow?