Mr. Derek Moran:

I ... well, look, if I can describe the process to you, and I just ... by way of assistance, I mean, the OECD ... and we're currently in the middle ... we're coming to an end of a process again, I think, 16 July, there or thereabouts, the team will go to Paris and go through the process, and it'll be the Department and the Central Bank and so on, as a team.

They will make two visits to Ireland, they will meet with the Department, they will have a whole series of questions, a whole series of interactions, but they will also meet with the Central Bank, they will meet with independent economists, they will meet with journalists, they will, and they will take a very holistic view. And through the two of those they generate a report, which we iterate a bit, back and forward, generally what they do is they take factual comments and clarifications and then that's presented to what's called the EDRC, the economic development and review committee, which is a committee in a huge room with all the 30-odd member states in it. And you go through a tortuous day's interrogation during that process, you know; I was at the receiving end of it just once, so, it, it's really hard work. There are three or four lead countries who take you through every line and so on, so forth, and it's open to all the member states including, I think, the IMF are represented and the European Commission are represented at it. And at the end of the day - and incidentally, it also goes through lunch where you sit down with the ambassador and the key examiners, and you get asked questions all through that and don't get a bite to eat, it's a bit like this, actually.

But it's a very prolonged period, and at the end it's down to the chairman to sum up. And the chairman sums up, and it is only within the context of the summing-up of the chairman and the discussion during the course of the day, that you can get any amendments. You know, you can't just go in and say, "I will have that and I won't have that", that's just not the way it works.