Professor Patrick Honohan:

No, no, not ... that wouldn't be his style or his power at all, but he would be more inclined to say ... to talk to Brussels and Brussels would say "You have the excessive deficit procedure, we want to look and see how the public finances are going", and then I'm sure Jean-Claude Trichet would have said to Brian Lenihan, "The situation is ... seems to be very bad, I think you should look at it and people in Brussels will help - we can help." So, it would be that kind of thing, it wouldn't be a kind of ... here we are, as you sort of imply, "Here we are to mandate some things at you." It is a collegial environment, though as Kevin Cardiff has pointed out, behind the collegiality there are red lines and-----