My hon. Friend makes a little too much of this. He should remember that the European Investment Bank will be one of the largest shareholders of the bank, and that for several years the European Investment Bank has been doing very much the same type of operation, with perhaps less environmental or political content, in a quite excellent fashion. It has entered the Euro-markets and has raised money. It has lent at very competitive rates and very successfully for some time. My hon. Friend could take that as a model of how the bank should work.