Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Alan Ahearne:
The final cost of recapitalisation, by which I mean the true burden, taking into account financing and not just the headline rate number, changes every day and, indeed, every time bond yields move. It depends how quickly the Central Bank sells these bonds into the market. These are all factors.