 The Irish situation at the moment is a deeply perilous one. We are doing well. We are complying with the requirements of the Troika. Our reaction to the debt crisis has been, therefore, developing in a way which is very positive in the recent past. This is reflected in the markets and their reaction to Ireland by the reduction of spreads which has taken place. So Ireland in many ways is doing all of the right things and it's reflected also in other aspects. Generally our exports have been very buoyant. They've been hit very recently by economic growth failures elsewhere in the world but overall it's been good and we continue to get a fair amount of foreign direct investment into Ireland all of which reflect a degree of confidence which is something that is highly desirable for Ireland. What is worrying is that we have a huge deficit. Our deficit is bigger than that of either Portugal or Greece to take the other programme countries in relative terms and we have to cut that deficit otherwise we are just creating a bigger mountain to climb and a greater danger in the event of contagion or other market volatility issues creating problems in the immediate future and we can anticipate that volatility even if Greece comes through the immediate crisis we're going to continue having some degree and perhaps a great deal of market volatility. The vital thing for us is to maintain the confidence that is growing in us and that confidence is best maintained by continuing down the path of reducing that fiscal deficit. It's unsustainable where it is at the moment. I think that that will result in freeing up capital which will allow for credit to be given to those who would invest in the Irish economy. It will give confidence which will reduce the massive amount of savings that are being hoarded relatively in Ireland today I mean over 11% and those savings are the inevitable result of a fear and understandable fear and foreboding about the future. We recreate confidence which is beginning to happen but we have to sustain it.