Mr. Paul Gallagher:

I will. And I think those are very interesting. I think you have already heard that Prime Minister Brown was on and he was very annoyed, I think because they said this ... they were all worried about its effectiveness, in other words, that it would be so effective it would take deposits from their banks into Ireland. And this was said at a time when the UK, unknown to us at the time, put in I think something like £30 billion into RBS and was putting a huge amount of money into HBOS. So every country was taking steps and that wasn't announced at the time. So while they were complaining about Ireland taking steps to protect its financial system, they were busily off doing it and it wasn't announced. So there was a concern in relation to that.

The EU Commissioner, Ms Kroes, was concerned about its competition effects, and that for me was a real concern of ensuring that we could convince the Commission that this was consistent with the state aid provisions and wasn't anti-competitive. And fortunately we were able to do that within a very short period of time, by 13 October. So while other countries were giving out ... you'll remember that the G7 meeting, I think, took place in early October and following that there was an announcement that all countries were going to stand behind their banks. Chancellor Merkel announced it. They announced it in France and they announced it in Denmark.