Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of IBRC: Discussion
11:10 am
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Of course. It is based on the premise that the IBRC's loan book will have been sold off and wound down at that stage and that the IBRC will have nothing left by 2020 in terms of the ELA liability and the promissory note. If the figure of €25 billion is correct, 2020 will be the point at which this should have been achieved and the bank could be closed down.
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