Mr. Paul Gallagher:

Yes, I'm not sure he particularly elaborated, but I think it was very obvious to everybody in the room, the concern the following day, unambiguously stated, was that the financial system could break down. And, if the financial system of a developed economy like Ireland, so dependent on financial transactions and investment, collapsed, then you are back to the 1980s. That was how I understood it, and, I assume everybody else understood it in that way, but I remember it because it was such a bleak and unforgiving picture.