Mr. Pádraig Ó Ríordáin:

The, the what was called the XXS Bill at the time which was the nationalisation Bill, it provided for the Minister to provide financial support to any credit institution and certainly from our perspective, the way we would have read that is, if you're nationalising one bank - it was in the nationalisation legislation - if you're nationalising one bank, the Minister may need to intervene in various ways to support other banks. But there was no discussion that we were party to, at least throughout that time, that there would be a blanket guarantee.