Mr. Brian Cowen:

You know, I've said it to myself, I regret that I wasn't more doubting or I wasn't more proactive in developing other scenario situations. The problem was - and I make this point not defensively but as a matter of fact - we would always in budget speeches or economic speeches, certainly in budget speeches, highlight what the downside risks were. The problem was that the downside risks, say, maybe one of them might materialise, two might materialise but if they all materialise at the same time, then you're in a whirlwind rather than a strong wind coming at your face, if you know what I mean. And that's important in the interests of managing expectations of the public as well as ... and bringing that information to the market, through the authority of your position as Minister of Finance, so that people are making investment decisions with the full knowledge that there are risks out there. I don't think it's in the interests of Ministers or Government to portray the thing in such an optimistic way that there are no problems at all and we certainly sought not to do that, although, I'm sure, there may be some instances of hubris around from people who can-----