Mr. Fergus Murphy:

The original CIFS legislation coming in in September 2009, definitely gave a shot in the arm to the financial institutions and to EBS, at that point in time, but as I mentioned earlier on, we weren't in a grave state. I was concerned, we weren't in a grave position in September 2008, but there were inflows of deposits in the three to maybe four to five months after that. So the deposit base grew on the back of the guarantee. Thereafter, in 2009, things continued to get worse for the economy and for the banks, for the sovereign, and one would have started to see an outflow of deposits again as the connective ... as the connection to the sovereign became more apparent to international investors and the sovereign itself started to weaken.