Oireachtas Joint and Select Committees

Wednesday, 24 September 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion

5:20 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

Let us take Anglo Irish Bank. If a bank comes along and says it has a loss which needs to be filled of €30 billion, is it 8% and 5% of the €30 billion or is it 8% and 5% of the total liabilities?

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