Professor Patrick Honohan:

He said he had no concept that there was a loss. I am suggesting that those could be reconciled if the €8.5 billion figure was inclusive of capital as, around the same time, the Merrill Lynch document was talking about approximately €7.5 billion. As that definitely included the capital, why would he - out of the blue and when nobody else was saying there was a problem - say that, in particular when he himself says he did not think it was insolvent. It is a little bit of incompatibility with the written document, which is a meeting minute, and what he thought. The committee can find out from him what he thought. I wanted to be completely clear that there is that little bit of evidence, but it is the only one.