Mr. Paul Gallagher:

And, that is absolutely so. I suppose it's the huge question ... it's a matter for Government, but, I suspect most governments would say, "We don't actually gamble with our country's fortunes", and it would have been an extraordinary step, I would have thought, but that's for others to judge, it's not a legal matter, to say, "We'll call your bluff". And, the difficulty - and I do mention this ... I mentioned it today - the ECB was concerned, and very understandably and rightly concerned, of the legal constraints. And, if it took a legal view it couldn't do it, and we see an example in relation to Greece at the moment, whether they could continue ELA no matter what the consequences. So, I think the Government decided that's a bluff, if it is a bluff, that we won't call. But, that's what was at stake.