Mr. David Begg:

Well, in fact, I mean there was a very prolonged negotiation in 2009, concerning the public service dimension of this, which, you know, we understood that the terms of a settlement had largely been agreed, but in fact it wasn't accommodated or it wasn't accepted at a political level at the time. And the position of IBEC, far be it for me to speak for IBEC, but I'm just recalling what the position was, that IBEC stayed in the agreement for much longer after the collapse of those talks because they hoped that it could be kept going. But with the Government out of it, it was very difficult for them to do that. And in an overall sense though, to be fair to everybody I think, there was a difficulty that the analysis which the Government was working on, which was essentially the analysis imposed centrally from Europe to a large extent, was at variance with our view of what would be the best road forward. Our view was that we wanted to try to do the fiscal adjustment over a longer period of time and to try to back-load it rather than front-load it, in order that we wouldn't collapse domestic demand due to deflationary pressures.