Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. The final taxpayer bill, as such, for EBS was in the region of €1 billion. Given your knowledge of the accounts of EBS and the business model pursued, can you give us your view on how those losses arose? Were they substantially related to the property and development loan book which was grown considerably since 2005 or how much of it do you believe was mortgage related? Can you give us your sense of why the bill was about €1 billion for EBS?