Mr. Brian Cowen:

It was a serious problem because the construction industry came to a halt, the market collapsed and the idea of a phased reduction of output, which had been budgeted for, had to be revisited because of the fact that output went much lower than what was anticipated. So whilst we were accommodating a reduction in output in our budgetary strategy, we certainly weren't budgeting for what emerged in the construction sector as a result of the financial crisis.