Mr. Brian Cowen:

Well the Governor says there was so, I mean, I'm not going to argue with that. I mean, I'm not going to second-guess a Governor of an Irish Central Bank, but it wasn't imminent. It wasn't imminent. It was a concern that they had based on the fact that there was a confidence issue with the Irish banking sector still and we needed to find a restructuring problem ... a solution to that problem and the EU-IMF programme provided us with that solution. We ended up, as you know, passing the legislation in late 2010. It involved the nationalisation of these banks, some of them, and we were able to deal with it from there, plus deal with the Anglo, Irish Nationwide situation and with the IBRC situation.