Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Yes. Can I just clarify one thing? The ... it's often stated that the guarantee was a €440 billion guarantee. The Nyberg report, on page 77, gives a breakdown of the guarantee. The guarantee was €375 billion. Is that your understanding as well?

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