Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Public Accounts Committee
2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
Therefore, when Mr. Carville said he shuddered to think what would have happened if we had not taken that decision, it might hold some logic for a fraction of the €66.8 billion that was spent but, for the majority, it would have made no difference. If Anglo had been left to go to the wall and the State did not take up the liabilities, I fail to see how that would have been problematic for the State. I want to check the figure of €1.7 billion was the cost of servicing the debt last year.
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