Mr. Brendan McDonagh:

Well, certainly the view ... up until May 2009, when I was more involved in the NTMA, the view was that they would be waiting ... if you were still in the markets, they would be waiting for you in the long grass and, as a small country, you'd find it difficult to fund. In relation to the change of strategy in 2011 ... and, I mean, you would have to ask Mr. Corrigan about that because he was directly involved in those discussions but from ... but from what I have seen and read, the view, I think, might have changed such that if you were out of the markets, people had priced in to the fact that ... that a bail-in may occur. So, Mr. Corrigan's more appropriate to answer that question than myself.