Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brendan McDonagh:

Well, the reality is, Deputy, is that those uplifts directly fed into the state aid element of ... which is the €5.6 billion overpayment. So, the fact that we're saying today that, actually, we'll recover potentially €1 billion over the amount of the debt means those uplifts have effectively come true, that we've been able to-----

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