Mr. John Moran:

I mean, we had the debates all the time, right. I mean, I mentioned one in my statement, right. I mean, there was certainly a big debate which I would have been more involved in at the beginning, which was the speed ... what was a reasonable speed for the deleveraging for the system to take place? And the trade-off was most certainly the following, which is that the quicker we had to dispose of assets, the more likely it was that we would have gotten a bad deal for them, particularly because we didn't have a quantum of assets in the earlier days in markets that were working well like the United States to be able to get there. And the UK example I gave, which I can't remember was it €30 billion or €40 billion of ... of UK mortgage assets that were put into the non-core book of some of the banks. It was in our mind then, we had Barclays Capital with us at the time, luckily enough, giving us advice. It was impossible because there wasn't liquidity in the market to actually get enough buyers of those assets, even in the UK at that time. So that was ... the debate starts there, right. We went through a series of debates across the ... the course of the next months, I remember participating in, some were around what we should be doing about the minimum wage and one thing was to reduce them and one thing was not to do that. We had the obvious discussions about the interest rate where the programme as set up at the outset contained this principle of sort of moral hazard, which is, don't give the country an interest rate that looks attractive or they might stay on the bailout and so we'll charge a penal rate, I think it was 6%, and so the negotiations had to take place to try and point out that actually we'd have by far preferred not to be on the bailout and have the troika every month or every quarter in the process and ... but it was actually not helping Ireland to be charging a penal rate. As soon as we could get out of it, we would have moved.