Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Deputy, I am going to have to move on.

Mr. Chopra, can I ask you if you can advise on the discussions, advices and analysis to ascertain the amounts required for bank recapitalisation of €10 billion - that’s banking support of €25 billion and financing the State of €50 billion, which is a total of €85 billion in total. How were they formulated with the troika?

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