For the German government not to take part [in a rescue] could cause the downfall of Schroeder.

There is a bit of a mixed picture. 4Q was definitely good to them, but the costs are definitely disappointing.

No-one wanted to take the blame for cutting 7,000 jobs.

This is a takeover, not a merger of equals.

Nobody wants to fill what would a very big hole indeed.

There was a build-up of evidence against [Martini] and clearly they were under heavy pressure to resign. They just threw in the towel.