Marc MacSharry (Fianna Fail) | Oireachtas source

Okay, that's fine. Former chairman of the bank, Mr. Gleeson mentioned in his testimony that interest rates during the crisis period were too low and suggested that using the Taylor rule, that they should have been between 6% and 12% or thereabouts and he further said that under the ECB's statute, article 14.3, that the ECB could and should have directed the Central Bank here to introduce measures to cool the market, let's say. That was the thrust of what he was saying. Would you have a view on that?