Professor Patrick Honohan:

In six months' time, we had a real line. So it ... okay, the step I took was to tell Mody, "I think you should raise it with the Government because I think it's a good idea." He raised it, I presume ... well, I know, because they came back to me and it was shot down. But I think it was ... it's more that it reflects, first of all, a sense that the IMF team thought we were being well-run, because they didn't give these things to countries that were not being well-run, and that there was that sense of concern. We weren't there blithely going along saying, "Everything's fine here." We were aware of the concern.