Mr. Alan Gray:

Okay. Mr. Gray, you're an experienced individual as well as an experienced economist. If ... could I ask your view in relation to the ... the bank guarantee? When I say "in relation to the bank guarantee", was there any other likely option to be taken on the night of the bank guarantee itself, considering what's been said to us this morning by PwC, what you've said in relation to the minutes of 25 September and the conversations that were held up to the night of the guarantee? Was there any other likely option to be taken by those in that room on that occasion?