Mr. Brendan McDonagh:

The issue of insider knowledge has been completely overblown. This is because when we acquired the assets they were valued by reference to 30 November 2009. The price people are paying today is the value of what the market thinks they are worth. Everybody knows that the Irish market has declined by 25% since November 2009, so there is no proprietary information as far as I can see. The market is the market. I would love it if some of these people were able to pay us what we paid for the assets in November 2009. We would not be carrying €3.6 billion worth of impairment if we could orchestrate that. However, we cannot do so.