Micheál Martin (Cork South Central, Fianna Fail)

-----that any immediate wind-up would lead to a fire sale of assets resulting in a permanent additional and unnecessary loss of upwards of €30 billion. In addition, the State would have to provide a large sum of cash in the order of €70 billion up-front "to meet the deposits, bondholders and liabilities due to the Eurosystem". That is a fact.

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