Michael McGrath (Cork South Central, Fianna Fail)
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Thank you, Chair. You're very welcome, Mr. Parlon and Mr. Kelleher. Can I just start by asking in relation to what you both have said was an unsustainable level of construction ... and just to recap on some of the figures in 2006, about 270,000 direct jobs, construction accounted for over 25% of GNP, stamp duty receipts were €3.7 billion, which were 8% of total tax and 93,000 houses completed in 2006. At your own executive board, and I suppose it relates more to your time, Mr. Kelleher, were there any vigorous discussions at the executive board of the CIF? Were there any contrarian views, that, "Look, this may not be sustainable; we may not have a soft landing; this is going to head over the cliff? Were there any such discussions during your time?