Mr. Richard Burrows:

Well, we were looking at a situation which I felt was extremely serious, not just for Bank of Ireland but for the Irish banking establishment as a whole. Therefore, I felt that remedial action of some kind was going to be necessary. I was not sure what to expect frankly. But when I got the response that I got, and the recommendation from Mr. Hurley that we should talk to Government, that's what we determined we should do.