Mr. Liam O'Reilly:

Well, I read the Honohan report and there seems to be a difference of opinion as to what happened at those meetings, and unless we weren't speaking the same language, I don't know, but I remember making a statement in the 2004 report that the economy was exposed if there were an external shock to the system. We didn't envisage any internal, sort of, turmoil but I do remember making a statement of that ... to that effect.