Mr. David Begg:

I beg your pardon, sorry, it was clearly a deteriorating situation and we had had some initiatives from the Government at that time already. I don't claim that we had precise information about the budgetary situation; we didn't, but we did know it was a deteriorating situation, we did know it was a deteriorating employment situation and, you know, the emphasis from our side was to try to see, well look, is there any way that we can ameliorate this. And actually we were speaking about it from the point of view of what could be done, what interventions could be made by Government; and I remember the Minister saying at the time, you know, we had a long kind of discussion, and one of his comments was: "I understand your analysis completely, it's a straightforward Keynesian response to the crisis."