Mr. Jeremy Masding:

I am sorry but I must place a couple of things on the record. If one thinks back to the specific situation PTSB was in 12 or 18 months ago, when all the European banks started to think about their NPL ratio, many of the notes written by the market, that is, the brokers and the people who write about PTSB, predicted that to reduce its NPL ratio, PTSB would probably have to burn the taxpayers' capital of somewhere between €250 million and €500 million. Is that correct?