Mr. John Corrigan:

Well, I ... the ECB, while on the one hand they were clearly generous if that is the right word that you can use in terms of their support for the financial system to the extent of the amount of ELA and other assistance that they provided, it ... we pressed and we pressed at ... whenever we met the ECB and we pressed going into the programme in the pre-programme discussions that if Ireland signed up for this deal, that the ECB would come out with a statement which expressed support for the Irish banking system. My point is, while they signed the cheques, they never actually came out and said that they really stood behind the system.

And again the difference between that and when the ... Mr. Draghi made the statement that they would do whatever was necessary, confidence is a huge issue in financial markets. It's not all about writing the cheque. It's about the tone, it's about the confidence and that lack of public support which they ... which they failed to provide-----