The European Central Bank is an independent treaty-based institution. As the Deputy will be aware, the Governor of the Central Bank of Ireland, while independent, is a member of the Governing Council of the ECB, along with the other 27 governors of the national central banks of the other EU member states. Both I and my officials continue to have ongoing engagement with the ECB, including at meetings of the Eurogroup and ECOFIN. In light of the above, it is not considered appropriate nor necessary to invest in a specific liaison office in Frankfurt at this time.