Professor Patrick Honohan:

I don't think so because if you look at - because this has been published in various places - the text and I think it holds up. I think I made a very explicit statement at one point in that I said: "This is not my call; it's the Government's call." So she asked me what ... Rachel, she said, "So it would be a big loan?" I said, "If it's agreed", so everything was very conditional. What I wanted to say was there is work going on, things are in hand. So I don't think that anybody could construct out of it that I had eliminated the power of the Government to say "No" or to do anything else or to hold out for six months or... They could have done that.