Professor Patrick Honohan:

The previous day, if I have it right, I learnt on the Wednesday that on the previous day - maybe the Tuesday or maybe it was earlier that Wednesday - that there had been a discussion, which you're well aware of now, the Eurogroup of finance Ministers ... where finance Ministers had ... many of them had pressed Brian Lenihan to announce that he was going to apply for a loan from the IMF and the European institutions. And he refused to do that. He said he didn't have the authority to do that. They were puzzled because they knew that negotiations were going on and they were wondering what was going on. So there was a sense of excitement and concern ... alarm, I would say, in Frankfurt with the people I talked to informally on the Wednesday night. And they were anxious that I should convey to the Minister for Finance the view of those-----