Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

I welcome the witnesses. It will be only a few short months until it is ten years since the Irish Bank Resolution Corporation, IBRC, was liquidated and we have another couple of years before the outworkings of that are complete. The briefing document refers to “a net estimated cost of €37.3 billion, the vast majority of which ... will never be recovered.” I cannot find a specific figure on that in the Department's most up-to-date progress report. I acknowledge there are unknowns but, when they referred to the “vast majority” never being recovered, do we have any idea what the net loss will be?