Mr. John Corrigan:

To be clear, the cost of the banking rescue was €64 billion. Of the aforementioned €64 billion, €34.7 billion went into the Irish Bank Resolution Corporation, IBRC, and the balance of €30 billion or so went into AIB, Bank of Ireland and Irish Life & Permanent. As to how much of that we will see back, I do not know, but while I am not trying to be facetious in this regard, I am pretty sure we will not see much of the money that has gone into IBRC. That is a write-off. I do not wish to be patronising in making that observation; the Senator has asked me the question. As for AIB, Bank of Ireland and Irish Life & Permanent, there is obviously considerable value in those institutions. On a ten-year view I do not know, but we should be reasonably confident that we will see a substantial amount of that back, if not the whole lot.