Mr. John Moran:

Okay. I don't to be very fair ... I don't remember who had what position on the interest rate issue, right. So, I think I'll try and answer the thing in a little bit more general way, okay. The troika programme was effectively staffed by counterparts to ourselves from the various institutions, right, and I think I could say that in terms of the relationships we had with them without exception, I think they were all as anxious to find a programme that worked as we were and certainly, they were there ... my office, of course, was across the road from The Merrion, so I could kind of keep an eye on ... when they were working late as well as ... as when we were working late, they would see us.

But what I meant earlier by the reality of the world is that when the IMF rolled into town, they bought straight away a photocopying machine they were ready to go the following Monday. The Commission have told me since, they didn't realise that you should have done that and they didn't realise how they were going to photocopy because this was the first time they were doing this. And we had to sort of ... actually in the Irish programme find a way to get this to work and the Portuguese used to kind of copy us in various things.

Our principle of negotiation was that ... the room wasn't much different to this ... they used to sit on one side, we would sit on the other ... is that there were times when you had to be particularly firm with all three. There were times when you had to be particularly firm with one or the other. The rows I recall that probably, you know, had some of the bigger differences of views may actually have been around things like the banking side. For example, there was a big debate for quite a long time about the need for Ireland to have a stress test of its banks in advance of that of the European, sort of, system. And you would find, as you do in any way of life, that when you have three people negotiating against you, there is a skill that you have to deploy across your own team at different levels of trying to make sure who's on your side the most and whose not because obviously, their interest was also to come back on the Monday morning and I can't remember ... I think I saw it in some papers described that they were trying to decide their process over the weekend and come to us on Monday. We were trying actually to make sure that if we had one of the teams or two in our camp a little bit more than the other, we would take advantage of that and there would be bilateral conversations and trilateral conversations. And it changed depending on the issue. I mean there were some ... the Commission tended to be a little bit more focused on some of the structural issues because that's what goes into the excessive deficit procedures. The IMF were certainly very focused on things like the sustainability of debt and I think the ECB folks probably looked at the banking sector a little bit more than the others. Does that help?