Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Dr. Peter Bacon:
There is no inconsistency between the two. On the numbers that are being quoted, the denominator in one case is loans for development and associated investments, that is €80 billion to €90 billion. The other figure is loans for development and all property investments. That is the only difference. The €34 billion is the €34 billion, not the estimate that I came up with.
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