Ms Cathy Herbert:

I mean, Governor Honohan when he became Governor went in and did an analysis and then very soon that had to be, you know, that was ... it was clear that that would have to ... the money would have to be increased again, that there was ... and that was because of the NAMA process. So it was a rolling ... I mean, as I say, every time there was a solution it was overtaken by another set of problems.