Mr. Michael Torpey:

That's a very pertinent question to the overall issue, Deputy. The entry into the euro changed the availability of liquidity to financial institutions generally ... in this country. We were now part of the euro, and it meant that our home currency was now a currency which was one of the larger currencies globally. Liquidity in that currency was greatly enhanced and all financial institutions operating in the Irish market found themselves with the far greater facility in terms of accessing funding on the global markets through the years that followed.