Mr. Marco Buti:

Obviously, very, very close. I mean, we are working in the Eurogroup working group where I am, myself, represented.

We have teams, we have ... we work at our operational level in an extremely close manner. And I think we have in this ... I can ... there isn't ... we may have a difference of view compared to the IMF. We embodied in our reasoning very strongly the risk of contagion that was present at the time.

Now, on the risks of contagion, Ireland was, let's say, a quintessential candidate because of the size of the banking system and because of the interplay between the Irish banking system and that of the rest of the EU. This was much more the case of, let's say, the initial programmes that we had from non-euro area countries, much more the case than Greece where contagion was more related to, let's say, imitation effects and risks of, you know, in a domino effect. But Ireland, there was a clear interplay between the Irish system and the rest of the EU, also with the US. So, these elements of risks or spillovers, I think, were very present, and rightly so.