Mr. Eugene McCague:

-----well, before the decision was taken - and let's say the decision had been taken - I suppose, if we're looking at responsibility in the sense of responsibility for liabilities, I mean, clearly there's ... in the broader sense, if you take the Central Bank as a part of the State, there was a responsibility for regulation. But if we're talking really about the liabilities, I suppose, until the decision was taken, the responsibility ... or the potential liability on the State would have arisen potentially in relation to the deposit guarantee scheme, where the increases had gone from €20,000 to €100,000. And so if a bank had defaulted on deposits, to the extent there's intended to be a fund to cover that - I don't know what state the fund was in - but to the extent that that fund wasn't able to meet it, then the State I think would have had to step in. So, until the final decision was taken, that would have been the extent of the State's liability. Once the decision on the guarantee was taken, I think it's, again, fairly straightforward which is that for all of the categories of liabilities which are mentioned in the guarantee in relation to the six institutions and for the two-year period of the guarantee, the State was basically saying that they would pay up to creditors to the extent that an individual bank failed to do so.