Mr. Brian Cowen:

Well there's no question but that ... well there was a problem let's be straight about it. There was an issue in terms of outflows again and the banking system, we needed to get this sorted out. We had come through the NAMA process, we'd been very transparent. I mean let's be clear, we had gone through a process of valuation on loans and inspection of loans and collateral and security and everything else that I don't think that anyone else had done. So we had been very anxious to be up-front about what the level of losses were, how we calculated them, that we had a process in place through this asset management agency to take these assets out from the balance sheets. I mean in fairness, the best ... in fairness to the ECB, can I say this in another respect, that the benefit of the asset management agency model was that we were able to get, you know, provide bonds to be presented by those banks for those loans to get liquidity from the ECB as well. So I mean, you know, they were being helpful as well and we ... it would be churlish not to acknowledge that or to say that we were unappreciative of that. We were appreciative. But there were just a couple of things in relation to the programme situation that could have been handled a bit more diplomatically.