Dáil debates
Tuesday, 5 April 2011
Bank Bailout and EU-IMF Arrangement: Motion
3:00 pm
Colm Keaveney (Galway East, Labour)
It is now considered by the Government to be a legitimate tool to mitigate against the cost of the financial crisis faced by the taxpayer. In this context, the Government estimates that €5 billion can be saved from the €24 billion recapitalisation costs by making subordinate bondholders share in that cost.
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