Mr. John Moran:

The one thing I learned that day, was never print a Minister's speech on double-sided paper ... right, because up to the point in which the Minister left Government Buildings and went across to make the speech, we had probably two or three different versions of a speech, waiting to see which page, I can't remember if it was page 3 or 4, or 4 or 5, we were going to have to put into that document, which was fundamentally related to the conversations that were ongoing up to that last minute about whether or not we could have done, or at least indicated to the markets that the ECB would have been in agreement to the burden sharing in Anglo. Because, for the reasons I set out in ... in my written statement and a little in the oral statement, our advice at the time, having debated this backwards and forwards, was that if we were doing that unilaterally, the prize, however politically for the, you know, attractive that might have seen, the prize that would have been generated in terms of cash, relative to the disadvantages that we might have suffered, didn't make it worth while doing. And, as I said, for those who don't remember, weren't in the room, the reason I said about the speech is because we actually stapled the Minister's speech, when we did print it the wrong way, and he read it and realised he was actually reading the wrong page twice. So, if you watch the video you'll see that he had to go back to read back page 3 or 4, I can't remember. But ultimately it was a negotiation that was going on to the minute before, or indeed probably the minute after, the speech should have been made.