Professional fees are an easy target. I don't know what has gone into all those professional fees. If you compare it with the cost to the pensioners, I'm sure it's an easy analysis to say that they're excessive. But that's not the way a restructuring would be viewed by the stakeholders. Professional advisers are necessary, and it is an expensive and complicated process. It's not a trade-off.
On November 23rd, 2010. See this statement in context.