Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Thank you very much, Chair, and you are very welcome, Dr. Somers, and thank you for getting through a very comprehensive statement there quite quickly. Can I start by asking about the Merrill Lynch memo for the Government on Sunday, 28 September 2008? And can I ask you to comment on the discussions and the options considered at that time and the advice the NTMA would have provided to the Government? As you know, that memo set out a number of strategic options which were available and were discussions held with other advisers for a wider view of those options?