Mr. Tom Considine:

There was a certain risk in ... as I said, in 2001 and 2002 with the downturn associated with the dotcom bubble, tax revenue fell off by, I think, it was €3 billion between the two years. The reason that sticks in my mind is because I had to answer to that ... for that to another committee, the public accounts committee at the time. So the ... that experience was repeated ad nauseamin advice. I mean, there was a recognition that if ... if things went wrong that ... that you would be hit but, as is demonstrated by the exercise done by the ESRI and so on, the problem is it wasn't seen to be anything like what happened and, viewed against the buffers that I listed out at the start, it wasn't seen to be something that couldn't be handled.