Mr. Marco Buti:

This is essentially related to the pre-crisis period when the mounting imbalances were, you know, below the radar screen actually accumulating and, certainly, the move to more wholesale financing for the banks, the concentration of risks essentially related to the housing market with the ... you know, the portfolio being essentially concentrated on that, clearly led to a deterioration of the situation, and Ireland and we all paid, you know, a heavy price for that.