Stephen Donnelly (Wicklow, Independent) | Oireachtas source

For absolute clarity, let us just stay with the example of Anglo Irish Bank. Let us say Anglo Irish Bank says it needs €30 billion. Fifteen percent of €30 billion would be €4.5 billion. If I understand Mr. Sheridan correctly, it is much more than €4.5 billion. Anglo’s total liabilities would be taken into account, which might be €300 billion, and therefore 15% of that is €45 billion, which is bigger than the €30 billion hole. Is that the way it is done?