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

Yes, thank you very much, Chair. Dr. Somers, you retired from the NTMA in December 2009? Is that correct? So, did you have any sense at that stage of the fact that, within a year, Ireland would end up in a formal bailout programme and what do you believe were the factors that led to that over the course of 2010? Given that you were there up to the end of 2009, did you see the inevitability at that stage of where all of this was going and what, do you believe, were the main factors that led us into a programme?