Mr. Denis O'Connor:

-----and you've added them up there for €8 billion and €10 billion. That's for a year. The scenarios were for year 1, year 2 and year 3 so if you multiply scenario 2 by three years, it's over €30 billion. And the other material bit of evidence that you need - this was done before the capital ratios in the banks increased from 4% to 10%, which is a significant increase, and also this was one year in advance of actually NAMA happening where the loans were written down to market. So, our work was done before NAMA, before tier 1 capital ratios increased from 4% to 10%. And also, there were a number of other issues like the amount of equity in the loans, which we had assumed was equity, wasn't really equity. It was actually borrowed from a different bank or a different part of the same bank. And the banks themselves were relying on personal guarantees of the borrowers and those personal guarantees proved not to have any value.