Mr. Brendan McDonagh:

I think the difference is and you know, I'm not responsible for any political comments around the NAMA legislation, but I think to be fair when we're involved if you owe us €1 billion worth of debt then you owe us €1 billion worth of debt. If the assets can only realise €600 million, then that's what the assets can realise at €600 million, there's a €400 million shortfall. You know, if you have a debtor and he has €1 million sitting in a bank account then we want that €1 million to go towards that €400 million shortfall.