Ms Mary Harney:

Well, Mr. McWilliams wasn't in touch with me in the same way that he was in touch with Mr. Gormley and I hadn't recognised until this meeting the extent of that engagement. I agree with some of Mr. McWilliams' analysis - not all of it but I agree with some of it. But Morgan Kelly, when he published in 2006, made the point that at that stage it was too late to stop the property bubble. So different people put forward contrarian views but the view that the Government went with, Deputy - and this is where I said earlier that we should have been more questioning - we went with the consensus that there would be a soft landing in the property market and we based our election manifestos in that election on a ... and most parties did on the basis of a 4.5%, 5% growth figure. Clearly, neither of those situations turned out to be the case.