But the Spanish banks also had a property bust and the same problems, but their rates are so much lower. I think it’s very difficult to compare different economies here because we are talking of retail rates and the structures are different in Spain and in Ireland. Well, that’s an area where we still don’t have a homogenous market across the eurozone.
That certainly would have to be a long-term objective but we still have a fair deal of fragmentation here and local conditions do matter. One of the consequences of the financial bust was the way banks ran themselves. Now, we’ve been finding out quite recently about a mortgage overcharging scandal in this country by Irish banks that carried on after the financial bust.