Mr. Brian Cowen:

No, because we were asking the question. We were asking the question of, is there any prospect of a European initiative coming here? Is there any prospect of the euro ... the European level interjecting here to try and see can we arrest the problem? And the problem was, as you know, probably people have all talked about it now is that, you know, at the time of the design of the euro in 1999 there isn't an EU competence ... there wasn't an EU competence on the supervisory side at that point. There is, thankfully, now and that's sort of a response to what's happened but at the time there wasn't.