Oireachtas Joint and Select Committees

Wednesday, 31 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of IBRC: Discussion

10:30 am

Mr. Alan Dukes:

Yes, somewhere in that region. This is not intended to be an inflammatory remark of any kind, but the committee should be aware that the carrying out of that calculation in September 2011 was inevitably a very speculative kind of exercise. I hope we will come nearer to €25 billion for the old Anglo Irish Bank than the €29 billion to €34 billion figure that was put out then. All of that is highly contingent on the condition of markets, the condition of the overall economy and, to a large extent, what happens in the eurozone generally between now and the final wind-up.

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