Catherine Murphy (Kildare North, Social Democrats)
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The witnesses are very welcome. I will start with Mr. Corrigan. He was in a unique position in that he was a member of the board of NAMA but he was also in the National Treasury Management Agency, NTMA. The year 2013 was important in that IBRC was liquidated and instead of a €3 billion payment annually, or a little more in some cases, it was elongated. In terms of the European Central Bank, ECB, and the pressure that we have heard others talk about, was there additional pressure in 2013 to accelerate the process? Was the ECB putting on more pressure than it had been? Was that changing dynamic a factor and did it have any bearing on the way the sale of Project Eagle occurred?