Mr. Brian Cowen:

Sorry, Chairman. Yes, well, I mean, once I became Taoiseach from May on it was clear that the ... after two quarters, that we were heading into recession, so rather than there being a bubble or an overheating, there was certainly an under-heating going on or people were heading in the other direction at that stage. And the Minister for Finance made public comment about that, and rightly so. Secondly, it was clear that the budgetary situation was changing and we would have to make adjustments and we made adjustments within a few weeks of the new Administration being set up as a first step, and we brought in an early budgetary recall as a second step, before the budget due in December. So we were seised of the issues in terms of having to deal with an emerging deficit, and having to come forward with policies that would address a new situation-----