Mr. John A. Moran:

I have said that one of the most important things we could do as a next step would be to understand the scale of the problem. There was a misunderstanding of the scale of the problem in earlier weeks of this crisis and perhaps there was hope it would not be as bad. That reminds me of what happened with the banking crisis and similar things happened. The Deputy was on various committees analysing that.

The Deputy knows how important it was to take the right measures to understand the scale of the problem. At the same time, it is also fair to remember we had a caretaker Government. We did not know who would be making decisions and, ultimately, the Deputy, and the rest of his colleagues, were probably hamstrung in terms of bringing in legislation.