Mr. Dermot McCarthy:

Well, I suppose the primary difference between the two is that the recovery plan, as published, didn't deal with banking matters in detail. It was primarily a fiscal framework for achieving the 3% deficit by 2014 with a strong set of commitments and messages about growth and jobs strategy, which, of course, were critically important in terms of debt sustainability. So that was the primary difference.

On the fiscal adjustments and the pace of the adjustment to achieve the required deficit, I don't think there were any significant differences, Senator. Obviously, in the memorandum of understanding, some of the content of the national recovery plan was expressed in a more granular way in terms of timescales and deadlines and so on.