Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Thank you, Chairman. And thank you Mr. Cowen, you're very welcome back. In your opening statement on paragraph 59 you talk about the ECB role in the guarantee decision and you state that "The position of the ECB ... was that no bank was to be allowed to fail". And we have this, that this came from Trichet through the Governor. How would you regard that position of the ECB, would you regard it as an order from the ECB or a threat?