Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

And can you talk to us what ... there was a bail-in then developed later on in 2011. It was as they ... the justification was we were going into a programme, we were out of the markets for a number of years. Can you talk to the narrative about that ... if you burned the bondholders, that the markets would be waiting to punish you in the long grass. Is that not the way that markets work or is it the way that markets work?