One last observation to make is on the fiscal side. A lot has been done obviously, but when the economy bounces back in any country there is always a risk of being over-optimistic and of spending money that is not yet there.
I’m not saying that this is what is being done but I certainly think the Government should guard against this risk of spending money that has not come yet. They should err on the side of caution given the level of debt, which remains high.