Kieran O'Donnell (Limerick City, Fine Gael)
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Thanks, Chairman. Could I refer again, Chairman, to Vol. 1, page 57? It's a domestic standing group committee meeting of 8 July '08 which, Mr. Grimes, you attended on behalf of the Central Bank and it relates to the Quinn Group. It says:

Consideration was also required given the exposure of the Irish banking system and the Irish economy to the Quinn Group and the impact on investor sentiment towards Ireland of any deterioration in its financial position of the possible need to refinance its bond holding. The current bond holders were largely US insurance firms and had no domestic interest.

And it looks ... the company were due to post a loss published the end of October. So, the question I suppose I wanted to ask you was, on the night of the guarantee, was the Quinn Group a factor in guaranteeing Anglo Irish Bank?