I think good will come even out of what has happened in Europe in the last day or two if it leads this country, which is, after all, the guardian of so much in civilisation, to a realisation of the truth, to a realisation of the fact that we are coming face-to-face with the critical moment and that the next few months will be a period of continuous, Recurrent Crisis.

He is preoccupied with annual arithmetic, and not only that, for he is also preoccupied with a Recurrent Crisis; and then he comes along, like other Chancellors of the Exchequer - [Laughter.

The Lord Chief Justice also said that "there is a risk that the new Ministry will be faced with a situation of Recurrent Crisis, or judges will be placed under pressure to impose sentences that they do not believe are appropriate".

If we fail to create prosperity, we run the risk of institutions failing again, with Recurrent Crisis and a return to the process through Stormont House 3, which none of us wants.