But does the hon. Lady accept that some key commentators, not least Nouriel Roubini, the so-called "Dr. Doom", who more than anyone else predicted the Worldwide Financial Crisis, have been critical of the level of the fiscal stimulus in Europe as a whole?

We have seen a Worldwide Financial Crisis more severe than for generations.

We have invested and we are continuing to invest £20 billion, some of which is coming into Wales, in construction and other infrastructure projects in order to fill the gap left by the private sector's inability to invest, given the Worldwide Financial Crisis.

Last year, the global economy contracted for the first time in 60 years, following a succession of severely damaging shocks, including the Worldwide Financial Crisis.

Every country in the world was affected, so it does not take a rocket scientist to work out that it was a Worldwide Financial Crisis.

That became a particularly sensitive subject following the Worldwide Financial Crisis of 2007-08, as belts were tightened and jobs were lost - many have still not been replaced.