• No question of a bailout, that term is pejorative
  • Is not going to make any application for engagement in a “facility” without preparatory work
  • Central bank, regulator and dept of finance will be involved in talks with ECB/IMF/EU
  • Can’t give timegrame for talks, but they are urgent
  • Irish people need to know that their deposits are safe
  • Irish regulator’s stress testing more rigorous than European tests (well that’s reassuring)