Oireachtas Joint and Select Committees

Tuesday, 3 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with AIB

8:20 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay, let us say it is 50 cent, so the bank is writing off €50,000 of the €100,000. Does that mean that all the other unsecured debtors then are in for a 50% haircut as well?

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