Oireachtas Joint and Select Committees

Thursday, 7 November 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Scrutiny of EU Legislative Proposals

6:30 pm

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

If Mr. Carrigan is saying the €78 billion is a net figure on the basis of the bail-in, junior bondholders taking hits and so on, what was the gross cost of the banking failures over those years, assuming new measures that were not in place were in place, to arrive at the €78 billion? What figure did Mr. Carrigan start at to come to that?

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