Professor Patrick Honohan:

So what are we going to do? He must have ... I'm just supposing ... they'll say, "Okay, an Article IV mission for Ireland, routine matter. So what are we going to do to Ireland?" "Well, Ireland's got pressures." "What pressures?" "Well, the banking system is," and so on. So, "What could we recommend to Ireland?" "Maybe a precautionary programme?" "So, oh, that's a great idea, because we only have Mexico and I think ..." " So maybe, yes, maybe we could ... well, find out, see if they're interested." "I know the Governor, I'll call the Governor." That sort of thing.