Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay, I just have one more final question then. Because the entry into the bailout programme had to be cognisant of two issues; one was the crisis that was still in the banks and capitalisation and all the measures that were legacy issues of the guarantee, there was also a structural deficit. What was the sum that had to be corrected in the structural deficit that the programme of assistance was to provide?

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