Professor Patrick Honohan:

I have no responsibility in that regard. What I am seeing is that they are fairly cautious on volume; they do not want to lend. If the Deputy were a bank loan officer, he would be thinking, "I could make this loan, but it might go wrong". In the current environment his judgment will be skewed towards caution. Current lending is a reflection of the banks' caution, not any policy on the part of the-----