Professor Patrick Honohan:

Yes. I remember it clearly. I was in France at a conference ... coming back from a conference and because I remember ... sometimes you remember these telephone calls because they are in vivid places. So I remember him saying that. He said, ''Well, we ... do you think it's a good idea? I have to ask you''. He liked to be very formal: ''I have to ask you your advice on whether we should go ahead and support and put Irish money into this Greek programme that's being envisaged." So I think it was 10 April and I said, ''I think you should'', and he said, ''Yes, I have the same view because, you know, we are going to make money on it because we are borrowing at this and we are going to get this amount of money'', and I said, ''That's not the reason'', I said, ''The reason is we could be next''. ''Oh no'', he said, ''No, no, I've been talking to the people in Brussels and they say Portugal is next."