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

Okay, thank you. Just to move on then if I may, when you entered the Department, and what the sense was in the Department of the need for a bailout. When did that start to come into your view, as an adviser to the Minister, because we have from other evidence that it occurred to some people in the Department around the time of the guarantee, that something like that might be needed down the line, some sort of a cross-stream credit line at least? And we also have a conversation between Governor Honohan and Minister Lenihan in April 2010 where Governor Honohan says it to the Minister that we're next in line for a bailout after Greece and the Minister said "No, it would be Portugal". So at what point in the Department are you thinking "We might be in trouble here on the sovereign side"?