Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Thank you, Chair, and thank you, Mr. Ahearne. You are welcome back to the committee. I just want to stay with NAMA, if I may, because in your opening statement you suggested it was unfortunate that the details of the final tranche of loans, the transfer to NAMA was not available prior to the PCAR figures being announced, but you also said that the "subsequent upward adjustment made in September 2010 contributed to the weakening of investor confidence in Ireland around this time". So, are you saying that the NAMA process contributed to our need for a national bailout?