Professor Patrick Honohan:

They could have, and if Ann Nolan briefed like that, she's the owner ... I mean, the Minister's the owner, but she would have had full sight of their particular bonds so, you know, absolutely they could have had bonds with those kinds of triggers in them. If she said they had, they had, but I was more concerned to make sure I could keep on lending to them through the ECB so that the Government wouldn't be called in.