Mr. John Corrigan:

It was very much, I suppose, an opening gambit because, presumably, if the Government decided to proceed with this, they would have opened discussions with the troika and, from a negotiating point of view, it would make more sense to pitch the figure high, if you could get them in to conceding the principle of burning of the bondholders but, as we all know, they wouldn't even concede on the principle, so the thing went no further.