Mr. Tony Grimes:

They expressed concern but in general terms ... not specifically related to Ireland, in fact it's sort of ironic that just before the crisis, in September '08, there was a tightening of liquidity ... or a tightening of collateral conditions, you know, by the ECB, reflecting a general concern within the Eurosystem that the quality of assets it was being required to take was lower than it was comfortable with ... reflecting increasing risk that the Eurosystem, as a whole, had to take on.