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

A number of weeks later, Mr. Doyle, Merrill Lynch presented some reconsiderations for recapitalising Irish financial institutions and, in essence, they estimated that, dependent on the level of impaired loans "cumulative capital requirements will range from €6.6 billion, at the current estimate at impairment rates, to a maximum of €13.1 billion", based on Merrill's own analysis, which takes account of PwC's stress testing for a worst-case scenario. They were only out by about €50 billion. Have you any comment on that?