Mr. Paul Gallagher:

I didn't, and I didn't know that Mr. McDonagh was there but ... sorry, I didn't see the Merrill Lynch but it was obvious to me that the room understood that. Governor Hurley understood it, the Taoiseach was a very experienced Minister, Minister for Finance, he could not but have known it. I think it was obvious to everybody that that was a risk and I think the judgment was made, whether right or wrong, that this is the best ... I think somebody has said the least worst option.