Oireachtas Joint and Select Committees
Wednesday, 29 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Eugene Sheehy:
The cost of the guarantee ... I don't know what ... I don't think it costs the State anything. The issue for the cost for the State arose when the assets of the banks fell short. I mean, the guarantee ... there was several billion in fees paid for the guarantee and it was eventually retired.