We at the ECB use Ireland as a model for larger euro zone economies. This is a country that has been hit extremely hard by the crisis, has made a lot of efforts and is now starting to reap the fruits – or the benefit – of the efforts.
Such cannot be said of all euro zone countries, in particular not of the large countries so that’s really an example we use in the European discussion of how things can work. Is there any concern at the level of the ECB – as an institution – about any danger that there could be political instability in Ireland?