Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Okay. I'll move on from that if I may then. And, if we could look at page 27 of the booklet ... is this e-mail exchange from William Beausang of 26 September. And just a quick question ... just to clarify, the third paragraph in, which is combining the take-on of the banks' balance sheets of Anglo and INBS of €110 billion, and guaranteeing the others of over €420 billion. My understanding was that the ... the liability the State was taking on with the guarantee was around €440 billion. That's what ... the figure at the time. So, just to clarify, why ... there's the €110 billion, is that a part of the €420 billion or is it additional to?

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