Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. David McWilliams:
It is an interesting question and I have the hard data relating to it here. The average fiscal cost for the whole thing in Turkey, Thailand, Sweden, Nicaragua, Mexico, Malaysia, Korea, Jamaica, Indonesia, Finland and Ecuador was 26.8% of GDP. Those countries range from the highly developed, namely, Sweden and Finland, to the underdeveloped, namely, Indonesia. When all the numbers are done and when NAMA is closed down, I think the Irish case will be somewhere around there.
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