Mr. Paul Gallagher:

Deputy O'Donnell asked me that as one of his questions and, sorry, Deputy, I didn't respond to it. That was teased out very, very carefully. There was considerable concern in giving a guarantee for two years and six months was mooted, a year was mooted. And, as I explain in my statement, a judgment call was made because they were told and the banks were also ... about this said, "We have to reassure the money markets and we're not sure a shorter guarantee will do." In the event, it transpired, even when the position was known with much better clarity regarding the losses in the banks, this guarantee was, ultimately, extended to December 2013, albeit with a narrower focus with regard to the instruments to be covered.