Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

As I said, the abridged version was the version that was in the public domain for quite a while. The full report is now in the public domain. In the abridged version, as was mentioned by previous Deputies, it is stated that the X figure was based on outstanding loans of €80 billion to €90 billion. The actual report states that this is based on the total value of property loans outstanding in September 2008 of €158 billion. This paragraph is one of the main conclusions of the report. Can Dr. Bacon explain to the committee why the abridged version which was in the public domain for many years contained a loan amount of €90 billion and the actual full report suggests it was higher, at €158 billion?

Comments

No comments

Log in or join to post a public comment.