Mr. Fintan Drury:

First of all, I think the loan growth that you've referred to was over a period of time when the bank's territorial growth was also significant. So, this was ... in 2002, would have been a largely Irish bank and over the period in question that you're talking about, such significant growth in the overall size of the bank and in the overall loan book, the bank had grown significantly in the United Kingdom and it was also going through significant growth in the United States, as I mentioned earlier, under the stewardship of David Drumm and I think that was a factor in the decision to appoint him as chief executive ultimately. So, I think the ... in some respects, we're not comparing like with like when you look at 2002 and 2007-2008. I also believe that, in those particular territories, the economies of those markets were going through significant growth and a lot of the growth in the UK was concentrated in a part of the UK which has always had sustained growth.

I think, having said that, Deputy, that if you look at it through the prism of economic analysis that someone like Bill Black would be renowned for, then you see that growth in particularly bleak terms. I'm not saying that's incorrect; I'm simply saying that, you know, economic views and economic opinion, obviously, can be ... I'm conscious of who's sitting on your left but can be, kind of, quite polarised.