Professor Patrick Honohan:

The reason was this ... I suppose ... I mean, the Economic Management Council ... it is a Minister is appealing to the authority of the Economic Management Council. He's not saying, "Don't take it from me, take it from the Economic Management Council." He is presumably using this letter with the Government. So, I'm not sure I should speak to why he is doing that.

He is requesting me, because I am somebody who deals with the ECB, to do something on his behalf. But he is also saying that it has a further weight, not just the Minister for Finance's weight, but it has the weight of the Economic Management Council. That is how I have interpreted that.