Irish politics at the moment is in a mode where people are increasingly starting to think about the general election to come... What would your observation be to people who will be campaigning to get into government in Ireland? I certainly have no advice to give to elected politicians or to incumbents or candidates in a political campaign.
What matters for us in a euro zone perspective is the continuity of policies. As we’ve just discussed, Ireland is not out of the woods. A lot has been done. It has started to yield benefits. We are seeing the benefits. However, fiscal consolidation is not over. So here we need continuity. Our best advice is to ensure continuity in the implementation of reforms.