Mr. Jeremy Masding:

We failed the stress test by a gross €855 million. We submitted a capital plan with management actions which were accepted by the ECB at €330 million, so we had a capital shortfall of €525 million. It was agreed that the best solution to meet that gap of €525 million would be to raise equity on additional tier 1 bonds, as we did, and to use some of those proceeds to directly repay the taxpayer €400 million plus, including interest. I would argue - of course I would - that that was a good deal for the taxpayer.