Professor Patrick Honohan:

Well, you know I might have to reflect on you know what ... but it's ... I'm not sure that it's entirely wrong. But no, I think that experienced, qualified people should make their case as strongly as possible to the Minister and to the Government and whoever else that it is appropriate to and then, like good public servants, because that is in a sense what they were as the managers of a State-owned bank., although they weren't directly involved in the public services, if ... when the decision is taken, turn around and use your expertise to deliver the rest of the mandate. It wasn't a different mandate; it was a reduced mandate - shrink the bank, recover on the loans, but don't bother about that other thing about building the business bank. I think Mr. van Eden who was a very effective guy, I think then subsequently he decided, well, that wasn't for him and that was fine. So I think they continued to deliver on that mandate.