Mr. David Doyle:

It depends on what the market interpretation of that decision would be. If the Government took their decision ... the ECB, obviously, had some reservations but in the final analysis, they didn't pull any support for the guarantee or, indeed, for the liquidity available to the Irish ... the Central Bank's ... you must remember that in Paris, a week before this, the Heads of State and Government got together and they more or less, basically agreed that they'd throw the kitchen sink at the financial crisis in terms of equity, guarantees, special facilities.