Mr. Kevin Cardiff:

Of course. You talk about what your next step is going to be at all, at any stage, Deputy. So it was settled policy, but the situation was changing and the NTMA was, sort of, saying, "Well, look, we can't, Ireland can't burn bondholders but it might suit us if Europe forced us to because then you wouldn't have any negative impact on, you know, the group of bondholders that were also financing the Irish Government." They wouldn't be upset or offended or they wouldn't pull their funding, he would have thought, if at the same time there was a European diktat in some legal from that said we must. So, I think in September, certainly by September and into October, the balance of advantage was changing and people were talking about, or were thinking about and were talking about, where we would go if things changed, but the policy was, and continued to be, that were not burning senior bondholders through October and into November.