Mr. Ajai Chopra:

Okay, let me answer the first part of your question. I think, you know, the best description of our thinking about contagion risks and how they might be handled was in the quote that I provided in my written statement. I quoted from a semi-independent, ex postevaluation of the programme, done by the IMF staff, where the basic point that they made was that Irish senior unsecured bank bonds traded at levels consistent with clear anticipations of the principal cut, reflecting that some burden-sharing was anticipated and that also went on to discuss other mitigating mechanisms if there did end up being some spill over. So I think I would draw your attention to that rather than reading it out again.

On the amounts, you know, look, people at the IMF, we are all number crunchers. We do this all the time. So, you know, if you’re asking had we been trying to crunch the numbers on these things earlier, that would be a part of our job.