Oireachtas Joint and Select Committees
Wednesday, 11 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Patrick Honohan:
No. The costs of this whole debacle were much bigger. I stopped counting when it got to €100 billion. If the Deputy wants to measure the costs to society of this downturn, it is well over €100 billion so when one gets to that stage, one says that the night of the bank guarantee is not the big story.
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