Mr. Marco Buti:

As I indicated in my previous testimony, that was never a suggestion, a recommendation on an imposition by the Commission on the no bank being allowed to fail. And on the guarantee, I mean, we have to go back to the historical moment at the time. Declarations, decisions, not only by the Irish Government but by several others, came overnight in certain cases. So it was not that we had, as in normal circumstances, long periods of gestation which give rise to a certain ... I think the announcements fuelled by dramatic developments, sometimes panic, came in a pretty, let’s say, sudden manner. It was not only the case of Ireland. I can cite other cases in which there was not consultation with the Commission. As I said, and I go back to the prerogatives that we had at the time, which is different than the system we have now with banking, with the ESM, where it deals with responsibilities that, clearly, are different than it was at the time. There was no obligation on the part of the Irish Government to consult the Commission. I simply say that it did not take place.