Professor Patrick Honohan:

There were conversations with Mr. Doyle and other people. I had lots of conversations with senior officials of the Department of Finance. Mr. Doyle gave evidence to the inquiry, that is to say to the group of people that I work with. I did not attend all of those conversations. I had a clear idea in my mind of what David Doyle thought. I understood it was the same as the other people, that is to say, there is not a huge hole of €8.5 billion after capital. I think that is what he thought.