Mr. David Begg:

Now, I mean, in ... in fact ... if you ... what I was trying to say in 2005, in that speech I made to the conference in UCD, was actually trying to engineer the soft landing ...of saying that "Look, do we want to go for the rate of growth that we have at the moment? You know, is it a mantra, is it something we have to go for at all costs? Or could we not try to target back ... to pare back the rate of growth, to something that would maintain full employment", which would have been around 3%, right. In which case we would lead in, perhaps, to the soft landing. And, similarly, in the submission that I made in 2005 to the review group that the Minister for Finance had set up to look at the tax situation, you know, where we, kind of, identified the property taxes as, essentially, inflating some of the heating that was going on in the economy ... to try to get back ... at those. So that would have been the ideal position to be able to do that. In the end, the point I was making is it might still have been possible to have achieved a soft landing if the international conditions hadn't changed, but we'll never know that really, you know.