Mr. Brendan McDonagh:

As I said in my opening statement, I and my colleagues very much regret that a mistake was made on the target calculation, but that was related to the target. If the Avestus connection was able to write the cheque and give us €125 million, that would have been a complete loss to the taxpayer but the important thing to remember here is that we did not achieve €125 million or €152 million, but €210 million overall. I cannot say that I or anyone else in NAMA is infallible, that we do not make mistakes or that we are not humans. We did not want to make the mistake. The mistake was made, we apologised for it, we regret it and I wish it did not happen but it did. What more can I say other than that I wish it did not happen?