Professor Patrick Honohan:

Well, he wasn't saying Ireland can do it without a bailout in October, he just wasn't raising that spectre. I don't want to try to understand and deconstruct exactly why he wrote different letters at different times. You'll notice, in particular, in that letter - I don't know whether to mention this because it, kind of, may be irrelevant - he showed me the letter in advance, I didn't make any comment on it but, in particular, I didn't bother to correct the fact that he attributed the position of Tánaiste to Brian Lenihan. I did that to make sure that nobody in Dublin thought that I'd written the letter.