Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

Yes, over a long period of time, because that's the ... given that they put in enough money to generate interest off the rest of their business. There were projections showing that this would be enough, they were given that amount of money and they were going to, the State was going to be remunerated, things were going to pay back, through to 2025, and there was going to be just enough money to wind it up; I think that's the way it was calculated.