Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

I think it was, with a range of uncertainty, it seemed likely certainly by the summer of 2010 ... sorry, no, no, 2009, before I came in. But how many tens of billions? It ended up that the cash outlay ended up €60-something billion, now it would be €40 billion, so, yes. I would have said, middle expectation, €20 billion to €30 billion. As I said to the board of directors, €25 billion to €30 billion as at that stage, September 2009.

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