Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

No, we never took the retrospective recapitalisation across the table, but when I bring it up with some of the colleagues who are helpful, they say, "But, sure, didn't you get your deal on the promissory note." So it certainly is an argument, but we succeeded in making it part of the regulatory ... statutory regulation governing the ESM, that the ESM may directly recapitalise banks or retroactively recapitalise banks. But it needs unanimity of the governors and it has to be done on a case-by-case basis, and we haven't applied, but I set out in detail for-----