Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. The State ultimately ended up injecting €4 billion into Irish Life and Permanent: €1.3 billion was recouped with the sale of Irish Life and a further €500 million or so in the recent restructuring. The net cost is still north of €2 billion, as I understand it.
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