However, I hope that, by the end of the day, most of you will feel this event has been useful and that it will stimulate further debate on matters that are of critical importance to Ireland and the wider euro area. I would like to stress that this conference is about growth prospects over a number of years or even decades.
Second, private and public funding mechanisms should be put in place to close any potential liquidity gaps. In line with the FSB Guiding principles, private sources of funding should be relied upon as a first-choice source of funding, to the degree that such funding is available. In addition, an effective public sector backstop funding mechanism should be available as last resort.